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Question: What year will we achieve a new ATH?
2019 - 31 (29.2%)
2020 - 42 (39.6%)
2021 - 26 (24.5%)
2022 - 5 (4.7%)
2023 - 0 (0%)
Never - 2 (1.9%)
Total Voters: 106

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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 21172203 times)
This is a self-moderated topic. If you do not want to be moderated by the person who started this topic, create a new topic. (23 posts by 12 users deleted.)
JayJuanGee
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How much alt coin diversification is needed? 0%?


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February 13, 2018, 10:50:14 AM

really interested to see what will happen at the 8190-8160 area


Like I already said, newbie, it does not matter until it gets down to $7k-ish or perhaps $6,666... then we are fucked... that is if it gets there.   Tongue

Please speak for yourself. When price gets to 6666, and you r fucked, can I have your merits Cheesy?

First, I will concede that when I used the "we are fucked" expression, I am presuming the vast majority of WO thread participants who come to this thread to learn about bitcoin, and are generally pro bitcoin and the various tangential developments around it.  So, in that sense, I am using a kind of variation of the "royal we" to ascribe some sentiments to the vast majority of guys and gal who are involved in the thread to be largely better off with rising bitcoin prices rather than lowering bitcoin prices.

Second, I am prepared for down, even though I exaggerated a bit about the we being fucked thing.. but of course, I am better off with rising BTC prices rather than falling prices, even though I do take decent mitigating actions to attempt to profit from any downfalls in the BTC price by buying on the way down.

Third, let's assume that I was going to be fucked to death and you are merely referring to my bank of smerits, you would likely be somewhere near the bottom of any list of final distribution that I would make....   You are ranking pretty low on any good will that I have, and part of my lacking of good will towards you remains that I have a suspicion that you are probably in violation of forum rules, and you are a previous banned member who is using a new account with an attempt to get around forum rules.  So likely your days are numbered..  Cry Cry Cry    

Personally, I'm selling the up bounces.

Nothing wrong with that, as long as you are mostly buying on the way down and selling on the way up, so if you end up selling on bounces, you should not be selling really large portions, because your net preparation should be for UP, rather than DOWN, because it is most likely that we are at the bottom of our various corrections, and if you sell too many on the way UP, then you are not going to be adequately prepared for UP... so ultimately, you need to prepare for both UP and DOWN... not just DOWN - especially when the odds are not in favor of such DOWNity, as I repeated already, several times.
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d_eddie
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February 13, 2018, 10:55:26 AM

I ain't 'playing victim'. There is a wide gulf from permissionless innovation that you don't happen to care for, and outright lying in order to besmirch character.
I understood the first sentence, but I couldn't make sense of the second. Care to explain?

Certainly. MoA stated that I engaged in spamming in order to cripple Bitcoin Segwit. Of course, I have done nothing of the sort. As might be deduced from the fact that MoA was unable to provide a single shred of evidence for such an accusation. Ergo, MoA was lying. Likely in order to besmirch my character.

On the other end of the statement, the leveraging of Satoshi client assets by the Bitcoin Cash project is part and parcel of open source. There is nothing untoward nor illegitimate about doing so. This is how open source technology progresses.
Ah, now I see what "permissionless innovation that you don't happen to care for" means. The leveraging of open source assets is an intended possibility - a feature, so to say - and totally legit in my opinion, too. Kind of like dogecoin did. However, the naming, marketing and politics around Bcash is highly debatable. Well, that's my opinion anyway.
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February 13, 2018, 10:55:38 AM

TA confirms 1 Doge = 1 Dog


What if someone hacks the markets and changes 1 Doge to 0 Doge?

you didn't get it. the chart looks like a dog.
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February 13, 2018, 10:59:16 AM

...chained orders...

I have been experimenting with JJG (and jbrher)s chained order strategy on the BTC/ETH pair.

Perhaps I am being dense...but I am just not getting it.

It goes down, I am buying ETH every 0.001, ok fine, then it goes back up and I am selling ETH at the exact same prices...it looks like a total wash to me.

Did I miss something in the explanation?
You remove the "other side" order at the point you just filled, otherwise they will cancel out for sure.
Example: you have orders each 500$.
Sell at 8500 on the way up, but remove "buy at 8500 on the way down". Next you'll buy will be at $8000.
Same for the opposite direction, buy at $8000 on the way down, remove "sell at $8000 on the way up".

That's why you have a gap between your top buy and your bottom sell that is 2x your base interval. The gap is where the profit is made.

Admittedly, in my most comprehensive explanation, I explicitly left the reason for such 'as an exercise for the reader'. Perhaps I should have stated it.
Letting the readers figure some details by themselves helps to ensure full assimilation of the material  Wink

By the way, as opposed to JJG's implementation, so to say, of this system, you do seem to have a ladder of sells/buys already set up, and you do your maintainance by removing debris - that is, orders at the same price but on the opposite side of the one just executed. At least, that is the way I understand it.
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February 13, 2018, 11:05:14 AM

Imagine the souls that would be crushed if it just dropped below 6K right here.
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February 13, 2018, 11:14:24 AM
Merited by bitebits (1)

What do you call a meditating Doge?

Aware wolf
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February 13, 2018, 11:14:44 AM
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I am happy with a few orders filling in a day, and I am thinking that in the future, I would likely be happy with a few orders filling per week.

I also don't play around with margin trading because it seems too risky, just on the face of it seems like a kind of gambling to me, unless there are ways to just employ it as a hedge... but seems too complicated for the most part.  

Largely, I am happy with just preserving the status quo of my BTC holdings (which I guess is mostly just an attempt at preservation of principle) and counting on long term BTC price appreciation for accumulation of wealth, rather than practices that feel like gambling (and certainly any kind of margin trading would feel like gambling to me).  
I'm employing a market making strategy to earn BTC from fluctuations in altcoins - which works well when markets are volatile - for it to work well you need to have pretty deep reserves in order to ride the deep fluctuations and keep in the market. My order sizes are not so high to reduce the risk - so I need a lot of orders to be filled to make a good profit

EDIT: I always seem to lose when I try this strategy in USD/BTC, so keep to altcoins
HairyMaclairy
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February 13, 2018, 11:16:02 AM

Imagine the souls that would be crushed if it just dropped below 6K right here.

Imagine how much BTC I would have if it dropped to $1k
JayJuanGee
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How much alt coin diversification is needed? 0%?


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February 13, 2018, 11:20:28 AM

Imagine the souls that would be crushed if it just dropped below 6K right here.

Isn't that just evil of you Tera, dee bera?

you have no nurturing bone in your whole bear imitating a bull body, maybe too many of your cubs got eaten in your bear youth, causing you to be so jaded, and you just feel vengeful in your desires to witness the suffering of others.

It seems that the odds of plunging below $6k are pretty low, absent some pretty decently sized FUD.. and we do recognize that it is quite likely that the Bcash dickheads have not given up on their various cards that they plan to play in prep for anarcapulco that is coming at the end of this week.. so perhaps there will be some strategically planned FUD, Bcash pumpening and bcash spammening that can combine to provide a 1-2-3 attack.. that could cause some BTC selling at within this price range (even though a lot of folks had been thinking that the BTC price bottom had already been in)..

Further, there surely is a motive to attempt to force close a lot of margin longs off of Bitfinex, as was mentioned by HairyMac and the Bitfinex long to short ratio, which may exist on other margin exchanges too?
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February 13, 2018, 11:22:10 AM

relax, its not a call. Please try to stay on the topic of souls.
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February 13, 2018, 11:29:15 AM

Last of the V8s
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February 13, 2018, 11:46:57 AM
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It seems the "old ones" doesn't understand what bitcoin is or the whole cryptocurrency. The so called experts are also old and calling all fud against bitcoin. Yet almost all crypto enthusiasts are the younger generation, mid 30's and below. There is the barrier. The technological gap between old and young. Give it a few years when we "young" are the old, then we'll see it flourish.

Early 30's here.  Wink
Steady. You will find in this august thread many fine gentlemen of the older persuasion. That said, you're right, it is hard for someone in their fifties or more to change their mental and personal financial model utterly to suit the demands of bitcoin.

You pesky kids though. It is all very well being 'enthusiastic' and talking of 'whole cryptocurrency' as if that were a thing. If you could just stop all your meddling and blathering on until you are actually 50, you would be doing bitcoin a great service. There are many more pressing concerns than you seem to be aware of.
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February 13, 2018, 11:51:06 AM
Last edit: February 13, 2018, 12:01:33 PM by TERA2

I'm young and I have some FUD for you. Just when the older generation finally starts accepting it, the underlying encryption will be broken and they wont have any idea what that means. They'll be like 'what are these youngsters jabbering about? bitcoin just got licensed in new york! so what is the ceo and the board of directors doing about this bizzare issue? Did they halt bitcoin yet? These low prices are a steal and you better get in before Goldman Sachs.'
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February 13, 2018, 11:59:37 AM

I'm young and I have some FUD for you. Just when the older generation finally starts accepting it, the underlying encryption will be broken and they wont have any idea what that means.

There is no need to break any encryption when you have several centralized scamcoins in the top 10. Those into scamcoins are the first in line to get burned, which by the way are both grandpas and kids who are just after the price action.
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February 13, 2018, 12:05:21 PM

I'm young and I have some FUD for you. Just when the older generation finally starts accepting it, the underlying encryption will be broken and they wont have any idea what that means. They'll be like 'what are these youngsters jabbering about? bitcoin just got licensed in new york! so what is the ceo and the board of directors doing about this bizzare issue? Did they halt bitcoin yet? These low prices are a steal and you better get in before Goldman Sachs.'

Maybe in a few hundred million years....
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February 13, 2018, 12:07:44 PM

Back to the BF robot videos from yesterday, here's a new one: https://www.youtube.com/watch?v=fUyU3lKzoio
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February 13, 2018, 12:11:22 PM

Anyone want to guess the next desperate moves by WuVer? Attempts to call out Microsoft?



TA confirms 1 Doge = 1 Dog


What if someone hacks the markets and changes 1 Doge to 0 Doge?

you didn't get it. the chart looks like a dog.
I was making a reference.
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February 13, 2018, 12:15:01 PM

Back to the BF robot videos from yesterday, here's a new one: https://www.youtube.com/watch?v=fUyU3lKzoio

To defeat Terminator, apply Astroglide to door handle
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February 13, 2018, 12:17:51 PM

Back to the BF robot videos from yesterday, here's a new one: https://www.youtube.com/watch?v=fUyU3lKzoio

To defeat Terminator, apply Astroglade to door handle
ftfy
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February 13, 2018, 12:37:31 PM
Merited by infofront (1), TERA2 (1)

You can only use Astroglade if you are a professional power bear
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