Wall Observer BTC/USD - Bitcoin price movement tracking & discussion

[Deeyoh]

Cripple train is derailing.  So fascinating... Really fun to watch though.  Looking for the big pump from the rats leaving the burning ship.

[gentlemand]

https://github.com/bitcoin-dot-org/bitcoin.org/pull/2010

Interesting natter here re changing Bitcoin's billing on bitcoin.org in light of the fee situation.

[DashS]

Will go down till mid January, after that it will go up... My 2 cents.

[OWZ1337]

THAT ESCALATED QUICKLY LOL

FUCK YOU RIPPLE BANKERS SCAM !!! ===>

https://www.youtube.com/watch?v=QDBSs70CxOM

[lightfoot]

So people are just whacking off and pumping/dumping things at random, aren't they?

[JayJuanGee]

Even though a vast majority of us were predicting a kind of $20k to $24k range - which was at least 10% more than the then price, that does NOT mean that we changed our buy/sell (hodl) strategy in any kind of meaningful way.  So in some sense many of us might make a prediction or have a hunch, but we may only play that hunch on the margins,

(snip)

Hodling and accumulating of BTC is likely to be the most profitable in the long run

The alternatives are either tricky/risky (timing the market with any reliability) or a bit more involved (laddered sell/buy on up/down ramps, à la JayJuanGee or jbreher).

Of course, it is possible to have some small fraction of "play money" traded on margin just to see how it works out. It usually doesn't work out right, but it depends on more than one factor.

I personally think that my system is close to fool proof - and serves as a kind of downward insurance more than a means to accumulate BTC (even though it seems like it has ended up doing both for me).  

Anyhow, I do understand the mindset that the sell on the way up and buy on the way down system does not really work in the real world.

In the real world, I try to explain to several real world peeps, and peeps tend to have a kind of common emotional (I am smarter) problem of constantly attempting to play with too much of their stash and risking too much and tweaking in the wrong way to gamble too much because they are trying to get rich quick and time the price movements of the market rather than setting up their buy / sell order system in a more emotionally neutral way.

So, maybe in the end, you are correct because real world peeps have a kind of inability to remove their emotion and they do not want to set up their orders like as if they were a robot?  So maybe in the end, I try to act as if I am a human, but I got some kind of robot in me?  Perhaps?  Hey, hey hey,... I am just kidding, I am not robot.  I have had several experiences over the years where I made mistakes and I tried to tweak my system here or there to time the market.   But I learned from those experiences and just stopped engaging in that behavior - except very minimally, and sometimes, even if you make some "human" mistakes, you can also step back and make up for some of those mistakes too, by changing some of the orders around (quantity and/or spacing).. and frequently let the market come to you, rather than trying to force matters.

[TERA2]

Could play out something like this

[conspirosphere.tk]

So people are just whacking off and pumping/dumping things at random, aren't they?

Apparently so.



But at some point those who don't want to keep their riches in the shitcoin of the day will have to go back to daddy.

[OWZ1337]

So people are just whacking off and pumping/dumping things at random, aren't they?

packing up heading back into the real markets this shit is laughable i sold all around $19K :-D weee>_> n00bz NEVER listen~

[TERA2]

Never sell 100%. If fiat collapses tomorrow or all the banks and exchanges take your money then you are left with nothing. 90% is okay not 100%. If you must do 100% then you can keep coins on chain and short somewhere else to hedge it.

[rjclarke2000]

So people are just whacking off and pumping/dumping things at random, aren't they?

packing up heading back into the real markets this shit is laughable i sold all around $19K :-D weee>_> n00bz NEVER listen~

Is this is gembitz? This your bear account?

[JayJuanGee]

So people are just whacking off and pumping/dumping things at random, aren't they?

packing up heading back into the real markets this shit is laughable i sold all around $19K :-D weee>_> n00bz NEVER listen~

O.k.  I will bite.

If what you are saying is really true, and you do happen to be some kind of smartie pants wizard because you sold at $19,665 (dollar short of the top), then do you have any planned scenario in which you would get back in, set of events or a price target, or do you just make these allegedly "genius" plays by the seat your pants (and perhaps "intuition?)?

[criptix]

Could play out something like this

Target 10 k in February, 6-7 k in April.

[jojo69]

I think what we've got is a couple things; old school whales doing some distribution, which is good, especially as the market seems to be digesting it, albeit with some gastric upset.  We also have many many thousands of brand new noobs with their shiny new trading accounts behaving just like we did years ago...pumpdump back and forth, learning the ropes and getting their thrills with a couple thousand bucks, that is what a lot of these nothingcoin pumps are about.

[windjc]

Could play out something like this

Target 10 k in February, 6-7 k in April.

Lol.

[starmman]

I like a bear market every now and then, good redistribution for those with a bit of nerve - price always drops at new year, last day to pay fixed amounts on loans, plus pull out for tax. Make the most of it

[TERA2]

For hardcore bitcoiners who see their wealth in coins and not fiat, a bear market is nothing, and is actually a good thing. It is a chance to get cheap coins, or multiply the coins with daytrading or margin trading. Since you are acquiring more coins, and your wealth is valued in coins, your wealth is going up, not down. It's all about what percentage of the pie you hold when Bitcoin is the world currency.

[Toxic2040]

For hardcore bitcoiners who see their wealth in coins and not fiat, a bear market is nothing, and is actually a good thing. It is a chance to get cheap coins, or multiply the coins with daytrading or margin trading. Since you are acquiring more coins, and your wealth is valued in coins, your wealth is going up, not down. It's all about what percentage of the pie you hold when Bitcoin is the world currency.

Give that man a cigar..

[pixie85]

So people are just whacking off and pumping/dumping things at random, aren't they?

Apparently so.

https://i.imgur.com/gUFKHZt.png
But at some point those who don't want to keep their riches in the shitcoin of the day will have to go back to daddy.

The question is whether this daddy will become Bitcoin or Bitcoin Cash I'd prefer BTC, but whatever it is we'll know by the end of 2018.
I see only 2 options. Either BTC will go above 20k USD or the fee problem doesn't get resolved and BCC will get pumped to 10k USD. XRP and ETH are out of the picture.

[TERA2]

Yup its always the news that the price moved $X "ON" something that happened recently.

"Bitcoin moves $2 on reports that bitcoiner lost his key"