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

[Anon136]

A thing of beauty!

don't believe the hype

One of these days it'll be real. Could be this one but probably not this one. One of these days one of the ones that it probably isn't will be the one that it is.

[yonton]

Someone has a ferocious appetite for bitcoin right now lol

[infofront]

[yonton]

This is a real one! Shorts are getting shitquidated

[RoomBot]

I don't think I've seen BTC prices "flatline" within such a narrow range, for as many hours as it has, in quite a while.

Very very unnatural.

Here's where $308 million in BTC & sh!tcoin went:

https://bitzamp.com/indian-bitcoin-trader-arrested-defrauding-investors-308-mln-crypto-ponzi-scheme/

[podyx]

[yonton]

Shiieeeet, now I got time for dat!

[jbreher]

Loans to buy crypto should be illegal.

Right. Let's insert the cold, hard, capricious apparatus of the state into what could otherwise be consensual behavior. /s

Some people never get it.

[pacman7331]

Just another pump and dump. Mirror image of previous days.

[infofront]

Troubling news from the Bay Area. Kids there have evidently discovered that, if they combine themselves and hide in a trench coat, they can attempt to buy beer. Thankfully, a vigilant user of the hyperlocal social network platform Nextdoor was able warn us of the cunning ruse.

“Two kids on each others shoulder wearing a raincoat trying to buy beer,” began the post by user Marcus Ronaldi. Ronaldi explained that the kid-plus-kid combo tried to get him to buy beer for them at a Daly City gas station, with the suspicious figure claiming he’d left his ID at the “detective agency.”

“He told me that he was investigating people claiming to be with the Illuminati,” Ronaldi wrote.

https://gizmodo.com/nextdoor-user-warns-of-beer-seeking-detective-thats-jus-1825027773

[JayJuanGee]

O.k. sure.  None of us really know what is going to go on exactly; however, I consider myself similar to you in having had formed a tentative framework for what I believe is going to happen in terms of short term or long term, and surely I have difficulties attempting to predict on any kind of meaningful basis except having decent considerations that bitcoin is a good long term investment and it is good to accumulate bitcoin, and even if there is short term noise, the fundamentals of bitcoin continue to get stronger and stronger.

Speaking about accumulation - I would certainly like to acquire more coins, but I am reluctant to buy now, when the market is almost uninterruptedly falling. At the same time, shorting bitcoin seems to be a dangerous pursuit. I am not a trader, although I played with some very small amounts about a year ago, before realizing that simply buying and holding can give better results. But at present I am thinking about hedging in the following way: buy bitcoin and simultaneously open a short position for the same amount (probably with 1:1 leverage). If the bear market continues, I would be able to increase both amounts, BTC and fiat. If the trend changes immediately, I would close the shorts. Of course, there is a possibility of another bull trap...

Seems dangerous to play around with margin... and there are a lot of ways that you could get locked out.. especially when bitcoin can be very unforgiving to shorters.

I personally think that the best way to attempt to accumulate more bitcoins when the price is going down is to sell small amounts of BTC as the price goes up and to used that generated money to buy back as the price goes down.  If you did not already sell some bitcoin when the price was higher a while back then it seems too late to sell at this point.  Therefore, your decision at this point would be to buy more bitcoin at various points on the way down, and then be prepared to sell small amounts at various points the next time the BTC price goes up (presuming that the price is going to go up sooner or later).  

Accordingly, it is o.k. to over-leverage a little bit on the buying of bitcoin on the way down in order that you will not feel so bad to sell some of that accumulated amounts off on the way up.  The tricky question is that the price points and the amounts for buying on the way down and selling on the way up are going to be different for each person and takes some practice to find comfortable price points and amounts that are customized to your own situation (your view points, risk tolerance, financial situation and timeline).

Yes, you seem to have been through quite a few volatile periods, and you seem more pessimistic than me about long term bitcoin fundamentals - even though you seem to have a decently long term following the space.  I gave you a merit for your explanation anyhow, in spite of your "lackings."... hahahahaha

Thanks! I am not pessimistic about fundamentals, I am pessimistic about the economic system in general. The financial capital survived a lot of transitions, from telegraph and telephones to computers and Internet, from precious metals to fiat. It will embrace bitcoin and blockchain if it is profitable, but it will not change the system.

It is very likely that bitcoin is a paradigm changer, so it is not easy for us to envision the extent to which system are going to be changed by it or not.. .... so even though we might say that it is kind of like one thing or another - the telephone, internet.. blah blah blah.. there could also be a war over this bitcoin changing kind of influence, and I don't know how any of us could reasonably assert that a war is not changing any current systems that we have in place... so perhaps our views of the fundamental possibilities of bitcoin are quite different, and I don't claim to know exactly where bitcoin is going to take banking and government... and perhaps it will be a BIG NOTHING, as you seem to imply.

Of course, this concept is fundamental to any volatile investment, but people still use it in differing ways.  I use it to consider that I am not leveraging or betting and that I have my living expenses covered for 6 months into the future with my cash flow, then any extra I can invest into bitcoin.  Over time, that can add up to a lot of money, especially once the bitcoin ends up appreciating 30x... So maybe starting off with a modest $10k ends up in the $300k territory... so motivations can change, even though the initial $10k did not seem to be very much the $300k gets into Lambo territory.. and some folks start to think,.... " I could have had a lambo for $10k?" when the price starts to go down, we can see where there can be emotions... and how much was initially invested can get lost in the shuffle.

At present I have a job that pays well (by local standards) and I am completely independent of any bitcoin fluctuations. It is a stockpile for the future. But cautious investing of my spare money looks appealing now, as it was in the summer of 2017. I am a man of simple tastes, I do not need a Lambo Even 10x from the current level (or 3x from the ATH) would make me quite happy. Of course, 30x is better.

Well, maybe a lot of us have become spoiled from the returns of crypto, but I still think that if you are getting, on average, more than 6% per year appreciation on a long term investment, you are doing good... in that regard, bitcoin has been performing way beyond normal average investments.. and seems likely to continue to perform quite well, on average, if you have a 5-10 years timeline.

[JayJuanGee]

Jeeeezus....are you tryin to take over Wordyman’s job or somethin? ....

Wat?

Jeeeezus....are you tryin to take over Wordyman’s job or somethin? ....

I don't think so. He'd need to pick fights with people and write circular, condescending replies with no substance.  

Instead, listen to this seemingly emotional and unable to control resentfulness twat, aka Torque, right?

[Elwar]

Loans to buy crypto should be illegal.

[realr0ach]

they wanna play hardcore... let's nuke iran for a starter... they will shit their pants and not retaliate...

Can you make it any more obvious you're a Jew shill?  Nobody gives a flying fuck about Iran except Jews.  

The Jews are like cornered rats right now afraid of how many Goyim are figuring out it's them behind the curtain that they're even spamming "aliens found in Antarctica" nonsense everywhere you look to try and distract people to look at something else besides THEM.  The evil cult known as Jews has been kicked out of over 100 countries before for their crimes and they will be kicked out of America and most other nations on earth.  Get your bags packed and hope you get to leave alive.

[realr0ach]

Also, does anyone find it hilarious JayJuanGee's merit is higher than Elwars?  Isn't that proof the system is useless?  If you combine both of my accounts, mine is 1145 - also lower than his.  This is depressing.  Is JayJuanGee cheating and meriting himself?

[jbreher]

Also, does anyone find it hilarious JayJuanGee's merit is higher than Elwars?  

I have found that merit is a relatively poor measure of any sort of value whatsoever. Maybe longevity coupled with persistence. Certainly not a measure of actual Merit.

Having said that, I find it somewhat disappointing that the parties I feel deserving of my stash of merit tokens, are typically folk that really have no use for them.

I am also quite disappointed in the relative merit of the apparent responses to the 'make me laugh' suggestion. That's the basis I've mostly been doling them out since the dawn of this of merit token system. But poor pandering ain't gonna do it.

[JayJuanGee]

Also, does anyone find it hilarious JayJuanGee's merit is higher than Elwars?  Isn't that proof the system is useless?  If you combine both of my accounts, mine is 1145 - also lower than his.  This is depressing.  Is JayJuanGee cheating and meriting himself?

You are already a pathetic case because of your stupid-ass hate and trolling posts, so it is surprising that you have received any merit at all (just kidding, roachie-poachie, I know that there are nutjobs with similar thinking as you that participate on the forum that will merit your stupid-ass, butt-hate-hurt inspired posts   ); however, you are even a sadder case (if that is possible?) if you are getting all worked up in an emotional way with status measures of various forum personas based on forum rank or merit or any of those kinds of thingies...

Even in your delirium, you realize, I hope, that there remains a certain level of subjectiveness and discretion with the rewarding of merits that might end up capturing values in ways that are distinct from your own discretion (to the extent you have any discretion that is socially worthy   ).. and some folks, even yourself, receive merit for being "anti" - or being a troll or for being a Precious metals (PM) nutjob, which truly might not be merit-worthy in any kind of objective, societal or deservingness sense..   .

[HairyMaclairy]

Someone has a ferocious appetite for bitcoin right now lol

Mechanical buying triggered when it left the previous trading range, including myself.  Turned into quite a profitable stop.  I’m starting to enjoy myself.

[Elwar]

Also, does anyone find it hilarious JayJuanGee's merit is higher than Elwars?  Isn't that proof the system is useless?  If you combine both of my accounts, mine is 1145 - also lower than his.  This is depressing.  Is JayJuanGee cheating and meriting himself?

To be honest I don't post that many things that are merit worthy....mostly just random BS that doesn't add much. With a few scattered useful posts for flavor.

And the only reason my merit is high is because I don't give out very many. And when I do it's usually one at a time.

[realr0ach]

A Nazi is, by definition, socialist actually

Nah.  The official position of The Daily Stormer is that national socialism was an economic experiment that was not even really implemented, so there's no real metrics on how it performed to make you want to persue such a thing, nor an exact framework for how to build this supposed ideal Nazi monetary system either.  There's no unified monetary goal among Nazis besides getting rid of the Jews to stop them from defrauding, scamming, and enslaving people with usury scams.

However, there is the fact the only functional civilizations with any staying power are homogenous in nature (Japan, China, etc), and those economic systems are obviously run for the collective benefit of the native population and not alien stock holders or random Jewish oligarchs, so you could say national socialism is part of the natural order in that manner.  One of the key failures of capitalism is that a huge amount of people seek short term gain at the expense of long term collapse as well.  

For example, the human economy relies on specialization.  There is no incentive for random strangers, corporations, or other entities to spend vast resources training people and then take off and leave them to apply their skills elsewhere.  The only people who have incentive to train these people are their own family members.  If these skills are not being passed on, and they're not going to be when education is set up as a Jewish run lending racket, there's going to be problems and reversion/collapse.

So the only way to keep these systems stable is either extremely strong extended family units where they train and provide for themselves, forming estates and whatnot, or some type of national socialism where the homogenous civilization shares the burden of training these people to make them functional members of society.  A high school diploma is not specialization and mostly useless.  We either need to abolish public schools completely and put the burden entirely on families to educate and train their own (the libertarian wild west angle), or extend free public education all the way to becoming a doctor and other fields (national socialism).

National socialism of course only works with homogenous civilizations (see "The Florida Effect"), so you'd need to boot out the majority of non-whites from countries like the US, UK, all of Europe, etc to make that option work.  You don't have to kick everyone out, there just has to be a non-overturnable ethnocentric majority for a civilization to function.  Nations in the past also had things like foreign quarters where they housed the outsiders.  It doesn't really matter if you agree or disagree with me; this is how nature organized things in the past because it was the only way it worked, so things will likely steer back towards those models again in the future.  Evolution doesn't like dysfunction.