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

[Torque]

I think we're gonna reverse from here. Bottoming, RSI showing oversold on the 6h and 12h.

But of course the whales are gonna try and punish anyone opening a long here.

[HairyMaclairy]

You need to understand.  Every time it goes under $8700 I’m poor again which means I will be rich but when it goes over $8700 I’m rich again which means I will be poor.  And I’ve been rich and poor five times today and trust me, rich is better except it means you are going to be poor which is worse so it’s better to be poor and worse to be rich.    

I hope you didn't try to catch a falling knife (I know, it's not falling very hard, but still...) with a leveraged long?

No I don’t use leverage. And I’m finished trading in this price range because I am happy with my position and strategy and any trade I could make would make me objectively worse off according to those metrics.  

The commentary was more directed at those panicking over arbitrary price swings, which we all know are inevitable.

[Toxic2040]

I think we're gonna reverse from here. Bottoming, RSI showing oversold on the 6h and 12h.

But of course the whales are gonna try and punish anyone opening a long here.

I was just posting this.



Its important to look at various indicators to get confirmation of your prognostications. If you discount the upward curl of raising volume and just focus on the MACD you can see a crossing that might indicate bearishness. Looking at the additional data of the stochastic RSI you can see we appear close to a local bottom. Its also critical that you change your perspective(time frame) when looking at a chart often so as to see if your narrative has continuity.

[Biro Bob]

Now that I’m poor, I wish I hadn’t told all those clients to go **** themselves in December.

Actually, I don’t. It felt kinda good.  

C’mon Bitcoin! Man up so I can do it to a few more!

[Last of the V8s]

https://medium.com/bitfinex/honey-framework-d1d37d02f1df
https://www.youtube.com/watch?v=NwTNn-WMvNU
The Honey Framework is an open-source toolkit for traders to develop and implement custom order types & trading strategies on the Bitfinex platform. With this framework, users will be able to connect trading strategies running on their own servers directly to our trading engine, and control their execution via the user interface they already know.

The Honey Framework will eventually feed into an open marketplace, whereby users can share & purchase trading strategies and custom order signals from other users.

[JimboToronto]

Now that I’m poor, I wish I hadn’t told all those clients to go **** themselves in December.

Actually, I don’t. It felt kinda good.  

C’mon Bitcoin! Man up so I can do it to a few more!

That's one great thing about self-employment.

If you're employed and your boss is an a-hole, you have 2 choices, putting up with it or being unemployed.

If you're self-employed and some of your clients are a-holes, you can tell them to f off and still have your good clients.

It serves as a sort of client quality assurance program. Not only do you weed out the a-holes from your clientele, your other clients will probably be happier and more loyal because they probably hate the a-holes too.

[jojo69]

https://medium.com/bitfinex/honey-framework-d1d37d02f1df
https://www.youtube.com/watch?v=NwTNn-WMvNU
The Honey Framework is an open-source toolkit for traders to develop and implement custom order types & trading strategies on the Bitfinex platform. With this framework, users will be able to connect trading strategies running on their own servers directly to our trading engine, and control their execution via the user interface they already know.

The Honey Framework will eventually feed into an open marketplace, whereby users can share & purchase trading strategies and custom order signals from other users.

sounds like a honeypot

[rjclarke2000]

Now that I’m poor, I wish I hadn’t told all those clients to go **** themselves in December.

Actually, I don’t. It felt kinda good.  

C’mon Bitcoin! Man up so I can do it to a few more!

This is so funny. That was my exact attitude. I’m being punished now!!

[Last of the V8s]

https://www.bloomberg.com/news/features/2018-03-09/bitcoin-is-ridiculous-blockchain-is-dangerous-paul-ford

This poor slob claims he came across btc in 2009, that his 'math is trash' so he couldn't grok the whitepaper so it's a bubble because other things were bubbles too

[btcbeliever]

As we know, the IRS does not claim that you owe income tax on revenue. The IRS claims you owe income tax on income. Which is revenue minus expenses.

actually the IRS has never defined anywhere in their code what exactly is income.  Moreover there is no where in their code that requires most ordinary people to pay an income tax.  But they will fine you $25000 for making any argument like this. And if you are a great communicator and share these views you may end up in prison, like Sherry Peel Jackson (Sherry Peel Jackson Tells it Like it is, IRS is Fraud - Part1) https://www.youtube.com/watch?v=ooHTg6-Y078

[cAPSLOCK]

?

[HairyMaclairy]

Solid but not 11

[sirazimuth]

...going shooting ...

Give Ted Nugent a buzz. You two would make great buddies...

You should probably leave your safe and cuddly echo chamber from time to time. You realize about 1/3 of all Americans are gun owners, right?

Salty?

[jojo69]

liking my litecoins about now

[Last of the V8s]

adapted from HaveIGotNewsForYou

[JimboToronto]

https://www.bloomberg.com/news/features/2018-03-09/bitcoin-is-ridiculous-blockchain-is-dangerous-paul-ford

This poor slob claims he came across btc in 2009, that his 'math is trash' so he couldn't grok the whitepaper so it's a bubble because other things were bubbles too

My math is trash, so the Bitcoin white paper made no sense, but I still tried to mine a few coins, without success. I didn’t like wasting my Mac’s central processing unit cycles on folly, so I shrugged the whole thing off.

LOL Mac? As in Apple Macintosh? The guy's obviously a clueless luddite.

Perhaps he should stick to writing. Maybe there's a tabloid hiring somewhere.

 

[scum]

https://www.bloomberg.com/news/features/2018-03-09/bitcoin-is-ridiculous-blockchain-is-dangerous-paul-ford

This poor slob claims he came across btc in 2009, that his 'math is trash' so he couldn't grok the whitepaper so it's a bubble because other things were bubbles too

My math is trash, so the Bitcoin white paper made no sense, but I still tried to mine a few coins, without success. I didn’t like wasting my Mac’s central processing unit cycles on folly, so I shrugged the whole thing off.

LOL Mac? As in Apple Macintosh? The guy's obviously a clueless luddite.

Perhaps he should stick to writing. Maybe there's a tabloid hiring somewhere.

 

As far as I know there was only a windows wallet available for bitcoin in its early days, no mac wallet. Perhaps he was running windows in a virtual machine on his mac, but his story sounds fishy.

All the 2009 wallets are shown on these two pages, and there doesn't appear to be a mac wallet there.

https://github.com/bitcoin/bitcoin/releases?after=v0.2.11

https://github.com/bitcoin/bitcoin/releases?after=v0.2rc2

[Last of the V8s]

perhaps he's ironically pointing out that Bloomberg is utter garbage

[bitChipper]

https://www.bloomberg.com/news/features/2018-03-09/bitcoin-is-ridiculous-blockchain-is-dangerous-paul-ford

This poor slob claims he came across btc in 2009, that his 'math is trash' so he couldn't grok the whitepaper so it's a bubble because other things were bubbles too

Lol at that guy, the way he wrote the article seems like he is just trolling the entire community...

where do these people come from? they only want to come out and trash bitcoin when prices are down and they can talk about how they are laughing at us.

[HairyMaclairy]

What is happening guys?

Everyone is talking about gox??

Why are we going down?? This is hell not good..

How are you ever going to be rich if you don’t buy into the dip?  Just plan ahead so you still have firepower left if it keeps falling.

You should probably stop giving advice. It's been bad

It’s as good as free advice gets.  I’m telling people to start buying cautiously at 57% below ATH but hold back fiat to cover it going lower.   There’s nothing wrong with that.  

You will recall our conversation from two days ago when I said I had FOMOed back in at $6500 and $8500.  Well here are again.   I’m done buying at $6500 and $8500 but I will definitely be buying again sub$5k if we get there.

12 hours later when we are now just above $9k my advice to start cautiously buying at $8500 seems to have been ok.