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

[bitebits]

Buying now is a good idea?

Personally, I would wait for either a capitulation candle or a reversal of the MACD on the 1 day chart. It's dangerous to try to catch a falling knife. Better to wait for some solid sign of a trend reversal. Sure you will miss the bottom that way, but not by a lot, and atleast you wont get wrecked by further decline. We could easily be on our way to five or six thousand. Remember, 5k, the previous high before the run up to 20k, never got tested. All that said, buying now is definitely a better idea than not buying at all, if those were the options. Well thats my 2 satoshis anyway.

Except for the fact that you currently don't have any satoshis.

Interesting talk by Thomas Lee (Fundstrat) for those who like to zoom out a bit, "The Economics of Cryptocurrencies | Upfront Summit 2018"
https://www.youtube.com/watch?v=GGberGnxiJk

[1713534603]

1713534603

[HairyMaclairy]

Breaking:  China's Congress has passed a constitutional amendment that removes presidential term limits, allowing President Xi Jinping to remain in office indefinitely.

[Rosewater Foundation]

Und nao ve pomp ze bitcoin cesh

[BTCMILLIONAIRE]

The utility side of Bitcoin sucks!

I just paid less than 10 cents for a Bitcoin transaction, and I didn't even use SegWit.

[bitserve]

It's alive!

[somac.]

pump fucker pump 

[dalexc]

This move is coming out of no where. Anyone know why?

[Rosewater Foundation]

This move is coming out of no where. Anyone know why?

Because we deserve it. Hodling is a shit tonne of hard work.

[flynn]

double bottom meme needed, please.

[TERA2]

because the bounce from 6k was too hard for it to go all the way back down this quickly. it needs to go sideways (or up) for longer and form a nice curvature.

[bitserve]

Is it my impression or the books are thinnering more and more?

[TERA2]

Todays books arent that bad. I looked a couple weeks ago and they were down to 70M , while btc was UP. It was weird.

[ccminer.net]

This move is coming out of no where. Anyone know why?

Looks like a trap to me

[bitserve]

because the bounce from 6k was too hard for it to go all the way back down this quickly. it needs to go sideways (or up) for longer and form a nice curvature.

A nice curvature down you mean I assume?

About the AMA, I do have some questions if you would be so kind to answer....

1) What is your approximate average number of trades daily/weekly/monthly?

2) Do you do lots of small (almost insignificant trades, like 1% of your holdings of each coin for each trade) or do you go BIG on your trades?

3) Do your trades follow a predefined strategy according to TA or whatever and you stick to the plan..... or do you constantly monitor your positions and make quick changes constantly?

4) DO you use leveraging?

I would have much more questions.... but don't wanna abuse

[bitserve]

Todays books arent that bad. I looked a couple weeks ago and they were down to 70M , while btc was UP. It was weird.

Yeah it has been some time I have been noticing the books being thin... But... now it is only like 500BTC to 9950 at Bitstamp.

P.S.: Now less than 500BTC to 10050

[TERA2]

because the bounce from 6k was too hard for it to go all the way back down this quickly. it needs to go sideways (or up) for longer and form a nice curvature.

A nice curvature down you mean I assume?

About the AMA, I do have some questions if you would be so kind to answer....

1) What is your approximate average number of trades daily/weekly/monthly?

2) Do you do lots of small (almost insignificant trades, like 1% of your holdings of each coin for each trade) or do you go BIG on your trades?

3) Do your trades follow a predefined strategy according to TA or whatever and you stick to the plan..... or do you constantly monitor your positions and make quick changes constantly?

4) DO you use leveraging?

I would have much more questions.... but don't wanna abuse

1. It varies. On a big day when a big coin is bouncing around I can make several trades in one day. On the other hand I can be stuck in one small cap altcoin trade for up to 2 weeks. Also, whether my base currency is mostly btc or mostly usd shifts about once per month.
2. 10-40% per trade depending on volume. If it's 40% it might actually be the same trade in 3 different coins because the whole market is moving. The only time I invest 1% is in an ICO.
3. I dont trade according to rigid rules like forex traders. My trading is very dynamic. Even some of the indicators I am looking for are dyanmic like 'im going to wait til it decelerates', or 'im going to wait til i see this much volume and the walls are moving like this'.
4. I dont have access to btc/usd leverage. I sometimes use  2x or 3x leverage with altcoin trading but that is only in that one account and not with all my holdings.

My trading is crazy and I wouldnt reccomend it to anyone.

[fluidjax]

For anyone looking for some Sunday afternoon fork action,  I just completed two fork dumps which have recently become dumpable.

1) BTCP (Bitcoin Private) I used the electrum client from  from https://btcprivate.org
Sell on https://tradesatoshi.com (Currently about $60/BTC)

2) UBTC, Client from https://www.ub.com/project/wallet  sell on https://www.okex.com  (Currently about $16/BTC)

[Harlot]

The utility side of Bitcoin sucks!

I just paid less than 10 cents for a Bitcoin transaction, and I didn't even use SegWit.

That really sucks man. Gone are the days where I need to pay 20-30$ transaction fees for sending 10$ to my gambling site account. But jokes aside I am really happy seeing this kinds of network fees again, more reason for establishments who pulled out earlier to come back and accept Bitcoin again. This can be another good call for other businesses to accept Bitcoin for the first time.

[Peachy]

some of his questions are interesting... (not radix lol)

What's wrong with radix? genuinely interested, as I've heard a little about it before and it sounded somewhat non-scam like.

When I last looked it was a target for botnets and sybil attacks and was claiming turing-completeness which is idiotic (verging on scammery).
Ideologically also for me, all alts are irrelevant, not least because of the Lindy effect and centralisation around a weird bloke from Stoke-on-Trent.

Do you know when it was that you last looked? I might take a look myself to see if those things have changed.

end of 2017. ish

Probably not much different then.

"...it was a target for botnets and sybil attacks" 
Response:  Nope.  You didn't fully understand it then which is understandable.  The ver 2 of the Tempo whitepaper will cover how these attacks are mitigated.

"...a weird bloke from Stoke-on-Trent"
Ad hominem isn't exactly a logical way to write off a project.  You might want to post your questions/concerns in the Telegram group.  We are happy to respond to them.

[xhomerx10]

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..

Some kind of slow polyneuropathy like what happens when you have diabetes. According to ILADS doctors and their alternative testing its lyme and/or bartonella but it might be something else. I also had vitamin B6 toxicity and I have a list of other things I wont share. 2 years ago I was the epitome of health and was running 10Ks

 I dont mean to pry but I'm curious about the B6 toxicity.  I'm assuming you must have been using supplements in order to hit toxic levels but since it is a water soluable vitamin and you were doing long distance running, you could have taken much more than the recommeneded daily allowance without any ill effects.  Most oral B6 supplements are in the range or 50-250 mg  which is 25-125 times the RDA (athletes and body-builders could still require those amounts).  How much were you taking and for how long?  Were you injecting?  Ive alwas been under the impression that it would be nearly impossible to hit toxic levels of the water-soluable vitamins.