Bitcoin Forum
August 20, 2019, 12:57:08 PM *
News: Latest Bitcoin Core release: 0.18.0 [Torrent] (New!)
 
   Home   Help Search Login Register More  
Poll
Question: What do you think about more?
Sex - 38 (39.6%)
Bitcoin - 58 (60.4%)
Total Voters: 96

Pages: « 1 ... 20566 20567 20568 20569 20570 20571 20572 20573 20574 20575 20576 20577 20578 20579 20580 20581 20582 20583 20584 20585 20586 20587 20588 20589 20590 20591 20592 20593 20594 20595 20596 20597 20598 20599 20600 20601 20602 20603 20604 20605 20606 20607 20608 20609 20610 20611 20612 20613 20614 20615 [20616] 20617 20618 20619 20620 20621 20622 20623 20624 20625 20626 20627 20628 20629 20630 20631 20632 20633 20634 20635 20636 20637 20638 20639 20640 20641 20642 20643 20644 20645 20646 20647 20648 20649 20650 20651 20652 20653 20654 20655 20656 20657 20658 20659 20660 20661 20662 20663 20664 20665 20666 ... 24810 »
  Print  
Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 21330731 times)
This is a self-moderated topic. If you do not want to be moderated by the person who started this topic, create a new topic. (104 posts by 20 users deleted.)
Anon136
Legendary
*
Offline Offline

Activity: 1666
Merit: 1211



View Profile
June 15, 2018, 12:09:55 AM

Incidentally, the Bitcoin network topology is nothing like the diagram on the right.

It's like the one on the right but with crap dangling off of it. There is a large community of full node operators, that community looks like that picture on the right, if others decide to tack their own structures onto it that doesn't change the fact that the underlying one is still there.
1566305828
Hero Member
*
Offline Offline

Posts: 1566305828

View Profile Personal Message (Offline)

Ignore
1566305828
Reply with quote  #2

1566305828
Report to moderator
1566305828
Hero Member
*
Offline Offline

Posts: 1566305828

View Profile Personal Message (Offline)

Ignore
1566305828
Reply with quote  #2

1566305828
Report to moderator
1566305828
Hero Member
*
Offline Offline

Posts: 1566305828

View Profile Personal Message (Offline)

Ignore
1566305828
Reply with quote  #2

1566305828
Report to moderator
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
d_eddie
Hero Member
*****
Offline Offline

Activity: 784
Merit: 641



View Profile
June 15, 2018, 12:58:43 AM
Merited by bitserve (1)

(quotes freely snipped for relevance)


Still having more money than you could probably spend (as such whales do) is not that terrible even if your net worth gets a cut of several hundred millions. Maybe I am wrong, but I don't think they are as much depressed as I am right now.

I played this past peak much worse than I did the previous (2013) in which I doubled my Bitcoin count. The blame is on me (or my greed).

P.S.: No, not going to break/sell. I can perfectly (and depressedly) ride this thing until ZERO. I am more worried about the amount of profits already (even if temporarily?) lost than what I still have to lose (which is LESS).
We're soul brothers in a way - but swings and opportunities aren't over yet. New profits can and will come, and the one thing I learned about trading is: The only way to really learn a lesson is pay for it. You paid handsomely, but you're still in the green. Your glass is half full, see? And it's Don Simon Premium, not the usual stuff!

It's basically that.... I didn't play well this time... But hindsight is 20/20... and I really don't like to have a substantial exposure to exchanges anymore.

So yeah, hodl and suck it up. In the end I will be fine... or not. We will see.
I also paid my lessons through the nose. Still in the green, though, using my new knowledge from old mistakes to make some corn on the side, and still learning useful tidbits at a much more reasonable price. See you at the 100k party sooner than we both think?
Toxic2040
Hero Member
*****
Offline Offline

Activity: 672
Merit: 1039



View Profile
June 15, 2018, 01:15:23 AM

Bitcoin...1 year later.

4h


D
Rising volume is what I am noticing, a good sign. Still shying away from testing the 9 day conversion line(tenkan-sen). Looks to me like bears are going to make another push downward over the weekend. #stronghands
xhomerx10
Legendary
*
Offline Offline

Activity: 2114
Merit: 2245



View Profile
June 15, 2018, 01:18:30 AM


 Very poorly worded.  It actually doesnt make sense as written.
Which luxury is he lacking?  Has he been living a hand-to-mouth existence?  He's a fucking millionaire.

Edit:  im a fucking idiot.  I'll blame it on the night shifts...
It's perfectly written in plain english.
jbreher
Legendary
*
Offline Offline

Activity: 2478
Merit: 1321


lose: unfind ... loose: untight


View Profile
June 15, 2018, 01:26:26 AM

Real money can only be created out of production and only after this has happened, can it be borrowed to create debt, not the other way around. The current monetary system is not real money, it is a house of cards built on decades of mind-fucking the public. There will be an awakening.

Or, there will be a reckoning. Brought on by a r3kt-oning.
jbreher
Legendary
*
Offline Offline

Activity: 2478
Merit: 1321


lose: unfind ... loose: untight


View Profile
June 15, 2018, 01:33:27 AM

You and many others in this thread are basically saying
"Fractional Reserve is shit"

Let's not forget it's backed by Proof of War.

It should be obvious, but this fact seems to have escaped your attention: the fact that fiat is backed by proof of war does not lead to a conclusion that it is not shit.
bitserve
Hero Member
*****
Offline Offline

Activity: 938
Merit: 767


HODL.


View Profile
June 15, 2018, 01:47:40 AM
Last edit: June 15, 2018, 02:05:44 AM by bitserve

(quotes freely snipped for relevance)


Still having more money than you could probably spend (as such whales do) is not that terrible even if your net worth gets a cut of several hundred millions. Maybe I am wrong, but I don't think they are as much depressed as I am right now.

I played this past peak much worse than I did the previous (2013) in which I doubled my Bitcoin count. The blame is on me (or my greed).

P.S.: No, not going to break/sell. I can perfectly (and depressedly) ride this thing until ZERO. I am more worried about the amount of profits already (even if temporarily?) lost than what I still have to lose (which is LESS).
We're soul brothers in a way - but swings and opportunities aren't over yet. New profits can and will come, and the one thing I learned about trading is: The only way to really learn a lesson is pay for it. You paid handsomely, but you're still in the green. Your glass is half full, see? And it's Don Simon Premium, not the usual stuff!

It's basically that.... I didn't play well this time... But hindsight is 20/20... and I really don't like to have a substantial exposure to exchanges anymore.

So yeah, hodl and suck it up. In the end I will be fine... or not. We will see.

I also paid my lessons through the nose. Still in the green, though, using my new knowledge from old mistakes to make some corn on the side, and still learning useful tidbits at a much more reasonable price. See you at the 100k party sooner than we both think?

Yeah, I know we don't have reasons to complain for the most part... yet at the same time it hurts... and I don't think there's nothing wrong in acknowledging both.

And... who knows, the $100K party is currently still less than x20 away.... We have seen the badger do way crazier things in very little time, so... who knows!

Thinking about it... The $100K party would be the *most justified* "excuse" for a celebration party EVER!
Toxic2040
Hero Member
*****
Offline Offline

Activity: 672
Merit: 1039



View Profile
June 15, 2018, 02:03:58 AM
Merited by d_eddie (1)

There is a thread out "there" already...but what ever. This is worth posting here imo.

Tom Lee of FundStrat is saying there is a reason for the cyclic sell-offs we have been seeing..seems legit. For all you daytarders it might behoove you to sync up somewhat to what is going on over there at the CBOE..  ymmv.

https://cointelegraph.com/news/fundstrat-s-thomas-lee-weakness-in-bitcoin-is-caused-by-futures-expiration

Quote
According to Lee, Bitcoin usually sees a drop of around 18 percent in 10 days before futures expiration, with prices generally recovering by six days afterward. Lee explained that if a trader is long on Bitcoin and short the futures, holders may sell large shares of BTC at the volume weighted average price as contracts move closer to expiring.

Near expiration however, they may sell the remaining Bitcoin, which causes the price to drop, and leaving the short position in the futures they close “with a handsome profit.”

----------
Forgot a 1h chart.
Hold through this and we might see some green cloud action soon.
Tyr808
Sr. Member
****
Offline Offline

Activity: 579
Merit: 272


06/19/11 17:51 Bought BTC 259684.77 for 0.0101


View Profile
June 15, 2018, 02:35:44 AM

You and many others in this thread are basically saying
"Fractional Reserve is shit"

Let's not forget it's backed by Proof of War.

It should be obvious, but this fact seems to have escaped your attention: the fact that fiat is backed by proof of war does not lead to a conclusion that it is not shit.

Relatively speaking.
It's shit for the have-nots of course.

For the have-a-little-and-want-more it could be good or bad according to whether one is able to use it at their advantage (id est: successfully throwing earl liquidity in the rat race).
The biggest critique to full reserve systems resides in the fact that where the lender is not intrinsecally motivated to assume the risk, there is less space for businesses to fluorish without that initial money-debt boost.

The price for that is very high of course.
JayJuanGee
Legendary
*
Offline Offline

Activity: 1988
Merit: 1925


How much alt coin diversification is needed? 0%?


View Profile
June 15, 2018, 02:36:18 AM

Hodling is depressing in times like this.... it's my cold wallet that is being brutally hit what concerns me.


Just think about the WinkleVii's or Tim Draper's cold wallet and you'll feel a whole lot better.  Wink

I tried. But it doesn't help. Still having more money than you could probably spend (as such whales do) is not that terrible even if your net worth gets a cut of several hundred millions. Maybe I am wrong, but I don't think they are as much depressed as I am right now.

I keep repeating it but... If we could act as if that $20K peak never happened (so ridiculously soon) I would be pretty happy right now. That's the only thing that helps for me.

I played this past peak much worse than I did the previous (2013) in which I doubled my Bitcoin count. The blame is on me (or my greed).

P.S.: No, not going to break/sell. I can perfectly (and depressedly) ride this thing until ZERO. I am more worried about the amount of profits already (even if temporarily?) lost than what I still have to lose (which is LESS).

Possibilities seem like this:

1) you did not sell enough on the way up  (anyone can kind of feel like that)

2) you sold on the way up, but you bought back too soon, so now you are running out of money to buy  (there seems to be a remedy for this, and that is to just budget a plan for on the way down - but of course, if you don't have any money for buying and you don't want to sell any then you just have to HODL, suck it up , and hope to fix the mistake in the future).

3) could be some other possibilities, but I cannot think of them, at this moment.    Wink

It's mostly 1, also 2... and for 3 here comes the explanation: In 2013/2014 I had most of my BTC on exchanges for active trading, that let me double my stash in BTC count even if the total value was lower than before the drop. This time I kept reducing my exposure to exchanges.

I am in a similar boat to you, at least in terms of attempting to reduce my exchange exposure, but I believe that I was never trading in such extreme amounts because I could never bear to sell very much of my BTC stash at any one given time.  I believe that I went from about a bit over 60% of the value of my BTC investment on various exchanges to about 20-25% of the value of my BTC investment on exchanges. I figured that I could take  some of the BTC value off of exchanges while at the same time having enough BTC on the exchanges that allow me to continue to sell up to a certain amount of BTC if the BTC price goes shooting up.  Subsequently, I decided that it was not worth my risk to put larger amounts of BTC on exchanges, "in the event that there was some kind of LARGE justification for me to sell a large portion of my BTC quickly).  I will admit that around the time of the BCash hardfork, and some of the other uncertainties then in play about how the segwit adoption was going to get implemented, I did allocate a bit of a higher portion of BTC on exchanges because I concluded that some of the pulling of money off exchanges and the possible blockage of deposits and withdrawals for a certain period of time would possibly cause some additional lack of liquidity profitability by having some additional BTC on exchanges.

In the end I was only trading with around 10% of my total stash, and I didn't even sell all of that 10% as I keep doing scalping in a way similar to yours as we have discussed before.

It seems that I am trading less than 10% of my stash, too, but I keep some extra BTC on exchanges that allow me to sell (currently up to $35k) without having to make additional deposits. I am not keeping extra BTC value on exchanges for other currently unknown events, and funny thing that if the total value of BTC goes shooting up, then you end up needing less BTC on exchanges, so it seems to have been largely playing out that way for me... and I discovered that I can still get some of the protections from the BTC volatility downside while selling smaller portions of my total holdings...  (maybe the whole situation just rises to the level of NOT wanting to generate too many dollars that I would not know what to do with besides putting back into BTC and my being willing to ride out more of the downside volatility without feeling any kind of need to make great increases to my BTC holdings by selling large amounts of BTC on the way up.  In other words, I have found selling relatively smaller amount of BTC to be adequately satisfying.. without any need to get too greedy).

So even if I ended with a 30 or 40% gain in my trading during the drop, that is for only a 10% of my total stash... sooooo a measly 3-4% total gain in coins vs a drop of 65% in price from the ATH... ouch!

I have concluded, for myself, that it is not necessary to become maniacally focused on the amount of profits that I make with each downward volatility as long as I continue to moderately follow a reasonable system that focuses on attempting to stack BTC and insuring myself (somewhat) from extreme possible downward price movements, yet for me the projections of future BTC holdings seem to be working out in a way that I am continuing to add to the stack (and the future projected stack at various price projection points.. It may be unrealistic to consider that the overall holdings will continue to increase or even increase in some kind of 30% to 40% range.. especially if the BTC price doubles or triples or does a 10x or more.  

So, yeah, if the goal is to stack BTC then a direct outcome of that kind of goal would be that the overall value of the holdings of both BTC and dollars is going to go down way more in the short term - and especially, like you said when there is something like a 65% BTC price drop (or perhaps more could come)

It's basically that.... I didn't play well this time... But hindsight is 20/20... and I really don't like to have a substantial exposure to exchanges anymore.

So yeah, hodl and suck it up. In the end I will be fine... or not. We will see.

A large majority of us BTC bulls have decent chances of doing quite well with an overall BTC stacking practice, even if there are various points in the short term that we could calculate various ways that we could have made more money or better preserved our overall BTC portfolio value.

Also, if we are not leveraging and only investing what we can afford to lose, then we should not be becoming too emotional about the situation because all of our living expenses are covered, and then the main issue would only be that we are wishing to be more rich, rather than already being rich because we are mostly already living within our means and our bitcoin investment is not distracting us from living within our means.
JayJuanGee
Legendary
*
Offline Offline

Activity: 1988
Merit: 1925


How much alt coin diversification is needed? 0%?


View Profile
June 15, 2018, 02:59:02 AM

Well, at least somebody is trying to hold "The bottom" up... . (Mic post some good pic)  Cheesy Wink

Confirmed. Bottom is being held up.




Sometimes I feel like my biggest contribution to this thread is butt pictures, but I guess that's good enough.

That is a BIG ass bottom, too!!!    Shocked Shocked  I am shocked!!!!   Shocked Shocked
savetherainforest
Hero Member
*****
Offline Offline

Activity: 924
Merit: 514


Plant 1xTree for each Satoshi earned!


View Profile
June 15, 2018, 03:05:31 AM

Hey it'll probably spike down to sub $600!! /s

When bearish calls get really stupid, the bottom is close.  Roll Eyes

As scary as this sounds, I wouldn't be surprised if that happened. I am at the stage where all I do is pray and hope while fearing the worst. Anything under $5k, and its full panic station.






How the hell do I not see these posts?? ... I think I have an internal 'ignore' mechanism that skips over shills with very few posts & merits. But anyway... that is some good stuff just right there!!!
JayJuanGee
Legendary
*
Offline Offline

Activity: 1988
Merit: 1925


How much alt coin diversification is needed? 0%?


View Profile
June 15, 2018, 03:06:36 AM

Interdasting.



Based on that chart, looks like more DOWN is on the way?   Cry Cry Cry
realr0ach
Sr. Member
****
Offline Offline

Activity: 742
Merit: 299


#TheGoyimKnow


View Profile
June 15, 2018, 03:24:21 AM

Trump once again acts as Jewish puppet trying to false flag attack in Syria:

https://www.silverdoctors.com/headlines/world-news/false-flag-alert-u-s-with-trumps-authorization-just-started-funding-the-white-helmets-in-syria-again/

"MAGA" = ending the fed, breaking up the banks and media, and returning to constitutional money (silver and gold), not acting as a Jewish puppet.  Until there's any mention of doing these things like Ron Paul would have done, this is all a scam.  The only reason they're being tough on Mexican immigration and China is because both of those countries are exporting deflation to the US, and the debt based banking system collapses without permanent inflation.  The fight against Mexico and China itself is even a scam and is just a proxy war to save the banks.
Torque
Legendary
*
Offline Offline

Activity: 1876
Merit: 1509



View Profile
June 15, 2018, 03:35:08 AM
Last edit: June 15, 2018, 10:00:55 AM by Torque


 Very poorly worded.  It actually doesnt make sense as written.
Which luxury is he lacking?  Has he been living a hand-to-mouth existence?  He's a fucking millionaire.

Edit:  im a fucking idiot.  I'll blame it on the night shifts...
It's perfectly written in plain english.


No, actually his ramblings are not "enlightening" at all, but are still poorly worded garbage when you consider that what he wrote can literally be applied to every single investment vehicle on the planet. Bitcoin (or crypto) is no exception.

Vinny is an idiot.

The wealthy elite will always have the luxury of being the strongest hands with any investment vehicle, because they are already rich and don't need the money they invest (so no need to liquidate during down turns).
Paashaas
Legendary
*
Offline Offline

Activity: 1990
Merit: 1375



View Profile
June 15, 2018, 03:42:19 AM

Even Bitcoinwisdom.io calls it Bcash  Cheesy

realr0ach
Sr. Member
****
Offline Offline

Activity: 742
Merit: 299


#TheGoyimKnow


View Profile
June 15, 2018, 03:42:47 AM

No, actually his ramblings on not "enlightening" at all...Vinny is an idiot.

The wealthy elite will always have the luxury of being the strongest hands with any investment vehicle, because they are already rich and don't need the money they invest (so no need to liquidate during down turns).

Well, for his desire to come true, there would need to be an economic cataclysm that the wealthy usurer's income did not transfer through to the other side.  This means that gold, silver, and every other non-perishable commodity would all need to become worthless, plus things like the fake commodity bitcoin.  In other words, you would need to enter a real dark ages where only a man's labor that he uses for barter and that of perishable goods like food had value and nothing else.

The only other possibility is a Pinochet-type ruler who just seizes all of the Jewish money changer and people like Bezos' money then hangs them.  This option is likely inevitable on a long enough timeline of income inequality.  Well, both options are inevitable when the system becomes lopsided and unable to function any longer when less than 1% owns everything.  It's only a question of if the system breaks down first or if a Pinochet attempts to manually fix it.

realr0ach
Sr. Member
****
Offline Offline

Activity: 742
Merit: 299


#TheGoyimKnow


View Profile
June 15, 2018, 03:51:49 AM

I'd just like to repost Masterluc's latest long-term forecast, from two months ago.  It looks relevant.

https://www.tradingview.com/i/pmV1uLC7/

How is a single line going upwards at a 45 degree angle FOREVER indicating the price goes to INFINITY a "forecast"!?!?!?!?!?HuhHuhHuh??!?!?!

That's not a forecast, it's down-syndrome.  Anyone who claims it's not possible for the market to go either sideways or down at all and must forever go up at 45 degrees is a scammer from hell, an idiot, or both.  The "trend is your friend" and all, but an obviously unsustainable 45 degree line can be nothing more than a Ponzi scheme if you take his chart at face value.  So if you believe what this guy claims, then you yourself are claiming bitcoin is a Ponzi by default. 

Let's also not forget if the price went to some crazy number right now, like $100k+ that without numerous more halvings, bitcoin would probably use more energy than the ENTIRE United States LOL.
Paashaas
Legendary
*
Offline Offline

Activity: 1990
Merit: 1375



View Profile
June 15, 2018, 03:59:56 AM

My guess is 'no'. I'm probably the most persistent Bitcoin* believer / SegWit skeptic still participating in this thread, and I ain't getting paid. (Most others of my opinions seem to have left for more hospitable climes). And while I may have a limited perspective on the matter.

I'm glad you starting to admit it. I'll give you a merrit because of it.

You should educate youreself more about Bitcoin/Segwit/Lightning and all the other cool projects comming oure way.
jbreher
Legendary
*
Offline Offline

Activity: 2478
Merit: 1321


lose: unfind ... loose: untight


View Profile
June 15, 2018, 04:00:51 AM

Incidentally, the Bitcoin network topology is nothing like the diagram on the right.

It's like the one on the right but with crap dangling off of it. There is a large community of full node operators, that community looks like that picture on the right, if others decide to tack their own structures onto it that doesn't change the fact that the underlying one is still there.

So each vertex shares an edge with three or so of its closest neighbors, and there are no long hops? Got it.

I call bullshit.

Nearly every miner is directly connected to nearly every other miner. Those are the first order members of the network.

Most non-mining, fully-validating entities (frequently mis-characterized as 'nodes') are attached to a small number of other such NMFV entities that have many many many connections, and a handful of random connections to other insignificant NMFV entities.
Pages: « 1 ... 20566 20567 20568 20569 20570 20571 20572 20573 20574 20575 20576 20577 20578 20579 20580 20581 20582 20583 20584 20585 20586 20587 20588 20589 20590 20591 20592 20593 20594 20595 20596 20597 20598 20599 20600 20601 20602 20603 20604 20605 20606 20607 20608 20609 20610 20611 20612 20613 20614 20615 [20616] 20617 20618 20619 20620 20621 20622 20623 20624 20625 20626 20627 20628 20629 20630 20631 20632 20633 20634 20635 20636 20637 20638 20639 20640 20641 20642 20643 20644 20645 20646 20647 20648 20649 20650 20651 20652 20653 20654 20655 20656 20657 20658 20659 20660 20661 20662 20663 20664 20665 20666 ... 24810 »
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!