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

[TERA2]

As I was browsing some other tradingview forecasts, I came across at least one bullish scenario that looks/sounds plausible.

Why do people draw bats all over charts? It never means or predicts anything

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[Searing]

OK...was despondent..... BTC and alt coins tanking...what to buy before they tank more...Kirby Vacumn salesman sold me a unit..just now....price went up $500 bucks for BTC

what the frack else should I do or buy? In that my retirement of 1/14/18 crashed crypto...I feel bad...(Karma hates me not working...)

...obviously, I control the BTC price with my odd behavior....such power....

(crap, now I actually have to clean stuff....crap....crap....retired 1/14/18 ..now I actually have to paint/fix my plumbing and actually SWEAT..use ladders ...sh*t....this whole retirement

thing..may not have been thought out fully)

hmm....what other odd things can I buy/do today to drive BTC price up.....hmmmm ...must be mundane...hmmm....the power!...it is daunting!


edit: buyer's remorse now up $900 bucks!

[thisisntbic]

As I was browsing some other tradingview forecasts, I came across at least one bullish scenario that looks/sounds plausible.

Why do people draw bats all over charts? It never means or predicts anything

I believe it is mocking the original poster of the chart, implying that the lines they drew mean as much as a bat/batman pasted on top.

[TERA2]

As I was browsing some other tradingview forecasts, I came across at least one bullish scenario that looks/sounds plausible.

Why do people draw bats all over charts? It never means or predicts anything

I believe it is mocking the original poster of the chart, implying that the lines they drew mean as much as a bat/batman pasted on top.

No that was me that put the bats on there, but he drew the lines shaped like bats originally..

[HairyMaclairy]

Short squeeze.  

Please come back next weekend.

Yep. Sheer luck. I closed my long with serious profit. Now back to shorting, ready to let go still in the green if it really moons, but actually preparing to get rich (well, almost) in a < 6k scenario.

Too early I think. Wait for next weekend.  This G20 news could very well drive a relief rally.

[HanvanBitcoin]

Holy fuck. That was an easy 10% gain Bought some more BTCTC this mourning. Watched the first race of MotoGP, went out with some friends to a restaurant, come back home and BTCoom, money made

[jojo69]

[bitserve]

Nice 1hr candle... but... mmhhh... donno

[luckygenough56]

that's one big candle

[HairyMaclairy]

G20 holds fire on crypto-regulation ... way clear for ETFs?

No.  G20 says crypto too small to regulate. SEC says crypto too small for ETFs.

[d_eddie]

Short squeeze.  

Please come back next weekend.

Yep. Sheer luck. I closed my long with serious profit. Now back to shorting, ready to let go still in the green if it really moons, but actually preparing to get rich (well, almost) in a < 6k scenario.

Too early I think. Wait for next weekend.  This G20 news could very well drive a relief rally.

Yes, reasonable point, HairyMaclairy, thanks for the tip.

I was a little uncertain myself, but my entry point is high enough to grant a little ginger boldness. If the week goes sideways-down as the past one, I can try and close it on profit a little at a time, without worries.

Now I can set a tight stop loss and basically forget it.  Back to life. Pheew... I wasn't born to be a trader, for sure.  

[Last of the V8s]

Stop losses dun always work.. or work fully on some exchanges. Otherwise nice job eddie

[HairyMaclairy]

I expect shenanigans and Bitcoin FUD next weekend courtesy of Ver. Don’t know what flavor but expect it is coming.

[marcus_of_augustus]

G20 holds fire on crypto-regulation ... way clear for ETFs?

No.  G20 says crypto too small to regulate. SEC says crypto too small for ETFs.

NO no, not exactly. SEC said there were no regulated exchanges trading bitcoin so ETF was on hodl. CBOE and CME now both trading bitcoin futures ... so I call your no and raise you a big NO.

[pfrtlpfmpf]

I let others do the thinking.
I allways have a peek at the funding book at Finex. It represents the sentiment of lots of people (hopefully professionals), actually putting their money on the line, voting with their feet.

[Sitarow]

In the spirit of all the on topic charts and sharing going on I have updated my bitcoin difficulty vs mining hardware return sheet with today's bitcoin network difficulty increase.

As predicted the 5% average is holding strong. However come Friday with the next wave of hardware being shipped I wonder if the increase network hit will once again ring true that at this price point USD/BTC its best to simply buy BTC instead of mining hardware. That is if profit is your motivation.

Typically with crypto mining apart from hardware and infrastructure costs there is ongoing building labour and other miscellaneous overhead that is not being factored in this example.

Forgot to include the document link.
https://docs.google.com/spreadsheets/d/11QS1BBV11KNGTF8N_-fdfmjTZ3WzPQFbLfVrl5n6R8s/edit?usp=sharing

This is an example of BTC/USD was at $9500 and your only costs was power of 10 cents a KWH.



This is an example if BTC/USD was at $9500 usd and your only costs was hardware repayment and power at 10 cents a KWH.

[JimboToronto]

Well good afternoon Bitcoinland. Just got online after successful surgery Friday.

I see I missed some excitement while I was away... big dip and big recovery... currently $8172USD/$10700CAD (Bitcoinaverage).

It's pretty much back to where it was before I went in. Woke up and decided to fire up the laptop just in time to catch the end of the rally.

I guess my bladder alarm still works.  

Nothing to do now but relax in the Mexican sun and convalesce until I get my sutures removed on Thursday. I can't fly for at least a couple more weeks but at least I can head out to the jungle later this week.

I'm currently toothless with very fragile gums after bone grafts to my jaws. Needless to say, I'm on a totally liquid diet. Ever have pork tacos pureed in a blender? Delicious!

[Sitarow]

G20 holds fire on crypto-regulation ... way clear for ETFs?

No.  G20 says crypto too small to regulate. SEC says crypto too small for ETFs.

The simplest way to regulate is at the exchange level.

They did it with finsen and will do it with exchanges listing ICO's and such that will need to be pre approved in one way or another or risk getting shut down.

This will open up the door to decentralized exchanges and hopefully the old tricks of market manipulation that has plagued the whole traditional and in the past few years crypto market will be a thing of the past.

[marcus_of_augustus]

In the spirit of all the on topic charts and sharing going on I have updated my bitcoin difficulty vs mining hardware return sheet with today's bitcoin network difficulty increase.

As predicted the 5% average is holding strong. However come Friday with the next wave of hardware being shipped I wonder if the increase network hit will once again ring true that at this price point USD/BTC its best to simply buy BTC instead of mining hardware. That is if profit is your motivation.

...thanks, I've been watching a similar but cruder indicator, it's basically the old days "mine or buy?" indicator.

So far it's been good for medium to long term entry points on the secular bitcoin bull. It's really just a manifestation of the bitcoin mining cost-of-production price providing a floor to bitcoin market price and getting in at cost-of-production, i.e. the mining price ... miner's who have contracts to supply will buy at the market if market price drops below their mining costs, that's basic economics of doing business in a cut-throat industry.

[pfrtlpfmpf]

Well good afternoon Bitcoinland. Just got online after successful surgery Friday.

I see I missed some excitement while I was away... big dip and big recovery... currently $8172USD/$10700CAD (Bitcoinaverage).

It's pretty much back to where it was before I went in. Woke up and decided to fire up the laptop just in time to catch the end of the rally.

I guess my bladder alarm still works.  

Nothing to do now but relax in the Mexican sun and convalesce until I get my sutures removed on Thursday. I can't fly for at least a couple more weeks but at least I can head out to the jungle later this week.

I'm currently toothless with very fragile gums after bone grafts to my jaws. Needless to say, I'm on a totally liquid diet. Ever have pork tacos pureed in a blender? Delicious!

Damn. You´re one tough guy. I hope and wish the best for your recovery ! !