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

[Anon136]

Not only that but now that we have a real scaling solution we can carefully increase the block size. Double the block size and you double that 1 million to 2 million.

[bluebits]

BTC as a payment method has almost never existed. It filled a niche for mid size grey market payments, that is about it. The idea of using it to buy coffee or houses was pushed by the incompetent/collusive.

For trading BTC and other coins don't even need to exist, the could just be abstract accounting ledger entries on centralized exchanges and the system as a whole would be much better. No wasted energy, contentious forks, etc.. The collective force projection of government is the only thing that can possibly have enough power to be trusted.

[HairyMaclairy]

Oh, come on! Cardano? What the hell is that shit?

Just look at that beautiful, textbook perfect pump and dump chart.

https://coinmarketcap.com/currencies/cardano/#charts

Did you fall for it?  

Perfect indeed. Reminds me a lot to IOTA: https://coinmarketcap.com/currencies/iota/

A friend of mine fall on the IOTA shit. He didn't listen. He is still bagholding.

I reckon most bitcoiners baghold a pet shitcoin or 2 for shitz n giggles.
Though most probably won't admit to it in this thread.
(well I won't anyway... and besides it's OT, though that hasn't really been an issue lately.)

I regard it as my patriotic duty to sell bcash lol into the pump over the next few days.  The best way to fight these fraud monkeys is to make fraud more expensive.

[El duderino_]

Nice one

Bitcoin: a digital currency with known & limited supply, an open global network, and not controlled by politicians.

US Dollar: a digital currency with unknown & unlimited supply, a highly restricted territory-based network, and controlled by politicians. Which will win, longterm?

I invested in bitcoin long time ago because I am counting this new technology will go up. I dont believe into bull s h i t crap like "not controled by politicians and banks and all that crap"
-bitcoin is controled by many people
-the downside is also its unsafe, somecan point gun to your head to force you transfer and its bye bye, you can be f uc ed k 10 times more compared if someone try to steal you some other stuff, its very unsafe, i fell 10 times more confortable with money in bank

but i like bitcoin, but i dont pretend some stuff like many of you here do while using words like "oh those banks, oh those politicans"
bitcoin can be, was and will be also manipulated like hell with pump and dump...you dont mention that? and i didnt even touch manipulation that roger and company can do, or some other new big companies
but i still like bitcoin

also you talking banks are bad, in order for you guys and me reached high figures with bitcoins, many many people also lost money....this is not "we win all", you have what you have because lots of money got broke while trying all sort of stuff with bitcoin

i cant believe how blinded are some people
i still love bitcoin, but i am realistic

You allready lost me with the very IDIOT gun to the head Words....... you can make iT as safe or unsafe as you wish.....  

[Anon136]

BTC as a payment method has almost never existed. It filled a niche for mid size grey market payments, that is about it. The idea of using it to buy coffee or houses was pushed by the incompetent/collusive.

For trading BTC and other coins don't even need to exist, the could just be abstract accounting ledger entries on centralized exchanges and the system as a whole would be much better. No wasted energy, contentious forks, etc.. The collective force projection of government is the only thing that can possibly have enough power to be trusted.

[d_eddie]

She keeps going down. Hard dump this weekend. Wish my short was bigger.

[what is happening]

I bought viacoin and nem xem

[infofront]

Nice one

Bitcoin: a digital currency with known & limited supply, an open global network, and not controlled by politicians.

US Dollar: a digital currency with unknown & unlimited supply, a highly restricted territory-based network, and controlled by politicians. Which will win, longterm?

The one that can be controlled will win.

10,000 or so years of human history prove you wrong, but since when does a troll concern himself with facts?

[Ibian]

The local booze store has absinthe. 89.9%. Not touching that fucking scary ass shit.

[pacman7331]

She keeps going down. Hard dump this weekend. Wish my short was bigger.

Long to 7900

Fight the good fight!

7700 should be bottom.

[Ibian]

Oh, come on! Cardano? What the hell is that shit?

Just look at that beautiful, textbook perfect pump and dump chart.

https://coinmarketcap.com/currencies/cardano/#charts

Did you fall for it?  

Perfect indeed. Reminds me a lot to IOTA: https://coinmarketcap.com/currencies/iota/

A friend of mine fall on the IOTA shit. He didn't listen. He is still bagholding.

I reckon most bitcoiners baghold a pet shitcoin or 2 for shitz n giggles.
Though most probably won't admit to it in this thread.
(well I won't anyway... and besides it's OT, though that hasn't really been an issue lately.)

I regard it as my patriotic duty to sell bcash lol into the pump over the next few days.  The best way to fight these fraud monkeys is to make fraud more expensive.

I still get occasional gigglefits that I managed to dump the lot almost at the top. Several years of living expenses, dumped in my lap, for almost free.

[Gab0]

I do not know if this was posted, but it's a very good reading about LN:

https://medium.com/@menirosenfeld/a-flash-of-insights-on-lightning-network-338aea52e2bc

[d_eddie]

She keeps going down. Hard dump this weekend. Wish my short was bigger.

Long to 7900

Fight the good fight!

I am using this small margin short as a hedge against an ugly crash.
I'm already long with all my stash. No leveraged margin. Actual btc. Long to the moon.

[jojo69]

i cant believe how blinded are some people
i still love bitcoin, but i am realistic

I have to wonder, is it that you can't even imagine freedom?  Or you just don't choose it?

[Ibian]

She keeps going down. Hard dump this weekend. Wish my short was bigger.

Long to 7900

Fight the good fight!

I am using this small margin short as a hedge against an ugly crash.
I'm already long with all my stash. No leveraged margin. Actual btc. Long to the moon.

Is it mathematically viable? If the price goes down you make money, yes, but if it goes up do you make more than you lose on the short, only to make a new short higher up and repeat?

[pacman7331]

She keeps going down. Hard dump this weekend. Wish my short was bigger.

Long to 7900

Fight the good fight!

I am using this small margin short as a hedge against an ugly crash.
I'm already long with all my stash. No leveraged margin. Actual btc. Long to the moon.

Yea I understand of course. Hope u can pull that off... I'll do the same if we get that death cross...

so long 7700... good god

maybe 7575 will hold  

24/hr lows on all exchanges... still BTC is worth less?

[Elwar]

BTC as a payment method has almost never existed. It filled a niche for mid size grey market payments, that is about it. The idea of using it to buy coffee or houses was pushed by the incompetent/collusive.

It has worked very well for me over the past few years of traveling the globe. Sometimes I cannot understand how the plebes spend money in foreign countries. Do they go to the airport currency exchange all the time and get reemed on the rate?

[Ibian]

BTC as a payment method has almost never existed. It filled a niche for mid size grey market payments, that is about it. The idea of using it to buy coffee or houses was pushed by the incompetent/collusive.

It has worked very well for me over the past few years of traveling the globe. Sometimes I cannot understand how the plebes spend money in foreign countries. Do they go to the airport currency exchange all the time and get reemed on the rate?

Exchanges in thailand are actually quite reasonable, at least with danish currency. Get around 5 to 1 vs the official 5.15 to 1 rate. How do you go about using bitcoin when traveling?

[El duderino_]

patient and be rewarded = the most easy to explain BTC price ,for them who panic when price decreases

btfd and be a long term winner

[d_eddie]

She keeps going down. Hard dump this weekend. Wish my short was bigger.

Long to 7900

Fight the good fight!

I am using this small margin short as a hedge against an ugly crash.
I'm already long with all my stash. No leveraged margin. Actual btc. Long to the moon.

Is it mathematically viable? If the price goes down you make money, yes, but if it goes up do you make more than you lose on the short, only to make a new short higher up and repeat?

As you suspect, it's necessary to prop it up as bitcoin rises, otherwise what you gain on a dip, you lose on a climb. That's what I call babysitting or nursing. One good way to go about it is the 2J-ladder, which in a nutshell means to sell on the way up (make your short larger) and buy on the way down (make it smaller, profiting a bit).

The alternative is to just set up a largish insurance as a one-off expense and forget about it until it's worth redeeming. This is much easier on the nerves and doesn't require that much labor. However, there are issues with this brutal approach: you need to close it (on a loss) as soon as bitcoin rises too much, and reopen it higher (so a bit of monitoring and labor is required after all); it doesn't pay off with small profits when decreasing the size; and finally, it should be done near a maximum to start with. If we were that good at spotting maxima, life would be easier, wouldn't it? But then, the very point of such a hedge would be moot.