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

[Last of the V8s]

Im probably leaving the market within a week in my final distribution. AMA

Is this humour?
if yes - haha
if no - why leave?

Its 10 time less profitable to trade in these kinds of conditions so its an optimal time to reduce the risk of holding funds on exchanges and take a break from the immense stress, risk, and sleep disruption of trading. Also I am now financially set for 2 decades and have chronic illness. If I decide to go after money again and may be via a business or software project like making a new coin or an exchange and possibly not via trading.

Thanks for clarifying. Very best of luck.
(A server hosting company/ISP that one could actually trust would make a lot of money.)
You said AMA, but this is sheer nosiness: what chronic illness?

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[d_eddie]

A few days off in times of volatility, and I find like 20 pages to keep up with? Please guys, let's be serious.

Awwright, gotta make up for it with a few replies. In view of WOTPC parity, you know. My 2 millibitcoins, sort of.

[explorer]

I'm not even confident that I will make it 10 more years. Already signed up for AARP membership.   When the  impending financial Armageddon comes that r0ach warns us about, maybe I'll be a candidate for euthanasia rather than slavery.  

 Soylent Green is PEOPLE!

My remains will probably only be deemed fit for pet food.

If we smoke your ashes, will we get high?

I doubt it. I have been clean and sober since 2009. I am a heavy smoker though. Maybe you will get a nicotine buzz.

Allright.  Pet food it is.

[d_eddie]

Im probably leaving the market within a week in my final distribution. AMA

Will you still come and visit us here at the treadmill?

Contrarian, intelligent voices are badly needed here, lest it turns into an echo chamber.

[d_eddie]

My remains will probably only be deemed fit for pet food.

Fish cat food. Yummy!
I liked your fishy avatars better. Much better.

[JayJuanGee]

Not liking the current price. I'm still hoping that we just have a sideways market for a while. Something like Masterlucs year long triangle pattern. Honestly though, it doesn't feel like that is going to happen. Looks as though we will be waiting till the next halving, before anything good happens. 

Fingers crossed for back to 5 figures though 

12 hours ago V8 suggested a bottom of $7,500 this weekend which seems reasonable. 

Well, I have three bids between current price and $7500. Perhaps I can get a little more corn out of this before the rebound. Hope that I'm not just catching a falling knife all the way down to oblivion.

I can handle a bottom at 7500, so long as the damn thing goes back above 10,000 again.

goes over $10k when? 

There is no guarantee of either price direction.  Sure, we could be back over $10k in 24 hours or it could take 2 years or maybe there is some other outcome, right?  You don't get to set a condition on your price drop.

[explorer]

Im probably leaving the market within a week in my final distribution. AMA

Is this humour?
if yes - haha
if no - why leave?

Its 10 time less profitable to trade in these kinds of conditions so its an optimal time to reduce the risk of holding funds on exchanges and take a break from the immense stress, risk, and sleep disruption of trading. Also I am now financially set for 2 decades and have chronic illness. If I decide to go after money again and may be via a business or software project like making a new coin or an exchange and possibly not via trading.

Thanks for clarifying. Very best of luck.
(A server hosting company/ISP that one could actually trust would make a lot of money.)
You said AMA, but this is sheer nosiness: what chronic illness?

Not tarding means more time for trolling   

[d_eddie]

Im probably leaving the market within a week in my final distribution. AMA

Is this humour?
if yes - haha
if no - why leave?

Its 10 time less profitable to trade in these kinds of conditions so its an optimal time to reduce the risk of holding funds on exchanges and take a break from the immense stress, risk, and sleep disruption of trading. Also I am now financially set for 2 decades and have chronic illness. If I decide to go after money again and may be via a business or software project like making a new coin or an exchange and possibly not via trading.

10 times less profitable than what?

Bad to hear about your health. Take good care. Being financially set might help in getting the best there is.

[yefi]

Those bought bitcoin and forgot about it became rich. While those who bought bitcoin, stuck their eyes to the value daily, didn't win anything at all (that unfortunately includes me as well).

Even your 1 in 30 seems more optimistic to me. It should be somewhat like 1 in 50.

Not everyone who is active is shortsighted - some can see the forest for the trees.

[d_eddie]

And I recall it's flipped on occasion and we got nothing but weekend pumps for weeks on end in the past as well.

Yes. It was the rule during the 10k-18+k phase.

[explorer]

Those bought bitcoin and forgot about it became rich. While those who bought bitcoin, stuck their eyes to the value daily, didn't win anything at all (that unfortunately includes me as well).

Even your 1 in 30 seems more optimistic to me. It should be somewhat like 1 in 50.

Not everyone who is active is shortsighted - some can see the forest for the trees.

Then it turns out to be only a glade...

[Deeyoh]

Really strange.. Looks like the big whale dumper bots broke or something.   Sell order books on bitfinex and coinbase are so light.

[HairyMaclairy]

Everything will go green in another 6 hours and the mood will swing again. A bit like a grandfather clock. 

[Rosewater Foundation]

Im probably leaving the market within a week in my final distribution. AMA

Is this humour?
if yes - haha
if no - why leave?

Its 10 time less profitable to trade in these kinds of conditions so its an optimal time to reduce the risk of holding funds on exchanges and take a break from the immense stress, risk, and sleep disruption of trading. Also I am now financially set for 2 decades and have chronic illness. If I decide to go after money again and may be via a business or software project like making a new coin or an exchange and possibly not via trading.

Thanks for clarifying. Very best of luck.
(A server hosting company/ISP that one could actually trust would make a lot of money.)
You said AMA, but this is sheer nosiness: what chronic illness?

I seem to remember lyme disease.

Not to get personal or anything..

[d_eddie]

Really strange.. Looks like the big whale dumper bots broke or something.   Sell order books on bitfinex and coinbase are so light.

Hour of the wolf? Dumpy man sleep sleep?

Everything will go green in another 6 hours and the mood will swing again.

Not so sure. Early morning Monday maybe (Tokyo Time)?

[Deeyoh]

Hoping it's a class action suit for 400+ million on the exchange that front ran those Mt. Gox coins. 

[blacky90]

are we near the bottom?

[Rosewater Foundation]

are we near the bottom?

I hope so. Tera2 deserves to retire in peace.

[bones261]

My remains will probably only be deemed fit for pet food.

Fish cat food. Yummy!
I liked your fishy avatars better. Much better.

OK, I'll change it back. 

[bluebits]

Im probably leaving the market within a week in my final distribution. AMA

Exchange risk was always rightly a huge factor in evaluating the return on trading the during the 11 and 13 cycles. How much risk are you assigning to Gemini, Coinbase, Kraken type of exchanges now?

A crash to 5k seems like the most certain trade you are advocating right now. Since you will have money tied up on exchanges anyway why not short on Kraken?

Your bitphysics model predicts the price will mimic 2014, like a bouncing ball? It so this next bounce would be like the current glade, with a high volume spike somewhere around <5k showing the reversal, a failed climb back to 10k, and then final bleed out to 3k (ideally)?

Do you expect your trading strategy (buying volume breakouts from dips) to continue working if another cycle appears in 202x?

What % of traders have the ability to derive alpha from first principles in crypto? How does this compare to stocks?

Is your ideal play for the next 3 years to find promising blocktree (radix?) projects and load in during strong overall crypto cynicism?

What signals will give clues about whether another BTC cycle in line with the past is starting vs BTC being finished and any pumps being limited?