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

[Hueristic]

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Only a small one... but Many noticed iT

^^
Wouldn’t be the most scared people be out mostly..... or is there still a judgement hammer to fall uppon us 

LOL, just enough to keep CNBC retards screwed. Haha

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[Torque]

All I know:... bitcorn is a trillion times better than Amazon

Umm, Wat? Apples and Hammers.

Yep.

One is massively over valued and being subsidized by the U.S. govt and CBs in exchange for spying on users and selling their private data...

The other one is... er, ok I got nothing 

[El duderino_]

One of my best friends tells me again today “should i buy IOTA cause Reading much good of it” the Guy ownes a precentage of BTC but to low amount against his shitcoin holdings.....  i sayed not knowing to much of IOTA but i’m not holding iT and told Him to increase his BTC holdings but Yeah they think its gonna go way faster with the HOT cheap alts    

[HairyMaclairy]

ETH tanking badly, now 0.0388 BTC. 

[JayJuanGee]

Poll reset

Missing 1BTC=1BTC option

Yeah right.      That is missing the subject matter of this thread, which has to do with dollar price tracking of bitcoin.


I am in considerable agreement that folks who recognize the fundamentals of bitcoin should strategically be attempting to accumulate bitcoins and to take profits in bitcoin - however, we are very far from a world in which we do not need to consider fiat valuations.. and anyone who attempts to completely ignore fiat value and ramification including a very likely fact that a considerable number of the bills and expenses of a large majority off people is valued in fiat, those folks are living in fantasy landia rather than dealing with our current real world bitcoin situation.

On a recent Bitcoin podcast, I had heard one of the hosts of the podcast spouting out about only valuing bitcoin, which in my view, as I just mentioned, really takes the value of bitcoin matter to a pie in the sky extreme, which likely misleads people into taking extreme behaviors, even though there is a considerable amount of value to recognize that less valuable currencies and method of payments should be spent first (in accordance with Gresham's law principles), before spending sound money, such as bitcoin... but since in the coming many years (5- 10 years is not unreasonable) bitcoin is likely to remain so price volatile, there are going to be short-term periods in which the less valuable means of payment, such as fiat, are going to hold value better than bitcoin.

[mastrox92]

Poll reset

Missing 1BTC=1BTC option

in fact the missing option is:
1BTC=100,000,000 Satoshi 

[JayJuanGee]

The small swings are getting a little wilder - faster and somewhat jittery. Does it mean anything? What's cooking? I hope it isn't the mammoths stirring.

I closed my long time short w/decent profit and reopened it, a smaller position at a somewhat lower (worse) level.
I also opened a long ladder, 2J's style (JJG and JB), at a much lower (better) level.
Who knows why, on the short term it's the long position that's worrying me more.
Call me paranoid.

Surely, you are going through a process of reconsideration of your previous BTC orders based on changing BTC circumstances; however, it seems that whenever a BTC investor/trader is playing with margin (whether short or long), there is going to be increased necessity to reconsider those positions from time to time, as compared with someone who is not working with margin.

Another thing is that I personally "get your" reservations regarding whether BTC prices are actually going to continue to go UP or whether there may be some capable bearwhales who are ready, willing and able to cause disappointment for Bitcoin bulls and HODLers.

[Resumean]

[marcus_of_augustus]

Always wanted to run your own Bitcoin/Lightning node but not doing all the hassle?

Now you can buy a plug and play device for $300.

https://store.casa/lightning-node/

https://medium.com/casa/announcing-the-casa-lightning-node-596df7a7427

Wall Mart when? :-D ha

The first batch is already sold out... literally with Lightning speed 

... this kind of thing is the future. Buy one, get a job with the company, buy shares in the company, build a competitor ... easy wins here.

[crypmike]

OMG this TA
I'm crying 

https://twitter.com/RealShillGates/status/1036364218986061824

[JayJuanGee]

USA under attack!

EDIT: and do not touch tits which you don't own!

 This story has been in the news for almost 2 years and finally today they realize people's brains have been fried?  Seems weird.
I remember hearing a recording of the sound last year that was purportedly from an ultrasonic weapon, which is weird because by definition ultrasonic frequencies cannot be heard by human ears, then again nobody ever accused diplomats of being human.

 At least this time it isn't the Russians attacking Americans;  just all the other communists  

The difference is we don't have a communist at 1600 Pennsylvania Ave anymore.  I searched google for this story, and only found it in the esoteric "World News" section, three quarters of the way down the page.  These commies tend to look out for one another.  

Instead of having a commie, we have a self-absorbed deluded Putin dick sucker?  hahahaha....

Wonder which is better besides attempting to stay away from simplified overgeneralizations?

[JayJuanGee]

There are currently a lot of shorts being placed on bitfinex at the moment, 50 percent increase after tether printed some 100m $ to bitfinex, I see these shorts being liquidated in the coming days and it's going to push the price of bitcoin to the 8500 to 9000 range before mid-month

Do you have any links to show what you are saying or to support your theory further? 

I take it that gist of your assertion is that you remain of the opinion that if the short ratio becomes very high, then there is an incentive to liquidate those shorts with upwards BTC price moves?

[JayJuanGee]

Die 7300 USD mark seems really hard to break.

We bounced off for the 3rd time already.

Perhaps, the harder that she breaks the more likely that she subsequently becomes support?  Is this possible?

[Syke]

Always wanted to run your own Bitcoin/Lightning node but not doing all the hassle?

Now you can buy a plug and play device for $300.

https://store.casa/lightning-node/

https://medium.com/casa/announcing-the-casa-lightning-node-596df7a7427

Wait, that's a $35 Pi and a $45 HD. A $99 product selling for $300. Suckers!

[JayJuanGee]

[edited out]

Thanks for your reply JJG though I only just saw it, I've been neglecting WO thread a little lately , missed many pages. I guess what I described in my previous post was only the kind of 'fiat gateway' part of my system (if it can be called a system). I rarely cash out to fiat unless there is a reason, eg paying for a car or paying off mortgage, extra funds for a holiday, investing in something outside crypto etc. I'm quite frugal and live within my means mostly without needing to cash in any crypto. Those sort of ideas start coming on my radar when bitcoin is on a crazy bull run spike. But my normal state is to HODL and not sell to fiat. I am much more likely to trade between bitcoin and a few other cryptos that I like, mainly Dash. Yes,,Dash sorry. Its a great asset though regardless of bad rep on this thread. As I said I have no stats to know what my dollar cost average is, due to my convoluted trading style. But I do know that I have cashed out more fiat value then I first put in, and my stack in btc terms has grown over that time too.

edit: Just to add in case it wasn't clear, I wouldn't go all into fiat or even some big number as part of my trading strategy, I got into precious metals and cryptos as a way of getting my wealth out of fiat. I might cash out then but then buy gold if I was wanting out of crypto as an example.

Even though I disagree with your apparent upward valuation of Dash, I merited your post because I appreciate that you provide a decent explanation that shows that you are attempting to find decent balances in your own strategy, which would also likely cause you to improve on your approach, from time to time.

Even though on more than one occasion you mentioned that you don't have accurate numbers regarding your own profit level(s), I would suggest for your own good (rather than merely to boast about your profits, or lack thereof) that you would attempt to figure out whether there are ways for you to calculate your own numbers (whether on pieces of paper or on an excel spreadsheet), because one way to better understand the effectiveness (or lack thereof) of your own approach is to attempt to figure out how profitable it is as compared to other approaches that you might have taken or could take. 

Of course, there are likely ways that you can keep your calculations completely private or even to provide misleading numbers to anyone who might look at your numbers, but likely for your own attempts at self-improvement, it remains better to attempt to narrow in on some of your number particulars.  For example, there have been times in which I have engaged in various trades, but my record keeping during that time was not very good; however when I went back to retroactively construct my records, I used various forms of approximation to attempt to accurately calculate what I actually did in order that I would be more clear in my own understanding of the effectiveness (or lack of effectiveness) of my system.

[JayJuanGee]

Let's all hit the 'buy' button at exactly the same time, k? Short squeeze on 3.

And a 1... and a 2... and THREE! GO!

Let's all set buy orders at our chosen price point between $5,750 and $5,850, and let's all attempt to buy at least .25 BTC (alternatively attempt to buy at least .1BTC).  I am able to comply with the buying at least .25 BTC in that price range.  

If you can buy more, then GREAT, but buy as much as you feel comfortable, even if the amount happens to be less than .1BTC....

I suppose even .01BTC would help, too, if we all "chip in" together.  

My orders are set but even if we all "chip in", I don't think we have a chance to control any price action against TPTB.  I woulda thought that the surge from Turkey might have an impact on price but even that's not playing out very obviously.  

... that is saying that even if each of us could muster up at least .25BTC to chip in to a buy within "the bottom" range, it might not be enough, because maybe we could only muster up 1000BTC or something like that (that's assuming a wall of 4,000 WO fanatics).

On the other hand, I think that the more major problem is getting all of the 4,000 to agree to "buy at least .25BTC within the range."...

Mr.Bones I want off the ride....

If Bitcoin goes to 1k it will never recover. People are not buying. This is not good.

If Bitcoin goes to 1k I'll be loading up on Casascius coins.

Pessimism is rising around here.

We are back to February 6 prices. If this doesn't bounce back right now, then yes it will go down to $3k. If you haven't yet already, this might be the right time for you to...

PANIC

The next 24 hours are incredibly critical. Get ready to witness history.

Are you suggesting that my August 13 post was a kind of BTC prediction that ended as untrue?  

It seems to me that I was merely attempting to discuss (and even negate) the amount of buying power that the WO thread followers might have, and even to assert a kind of difficulty to get WO followers to agree upon an action, such as everyone buying at once.


Edit:

It looks like a made a mistake in my above post by bringing up a two week old post (for some reason, I had thought that I was in today's posts?), but I will just let my response post stand.

[DireWolfM14]

self-absorbed

Obviously.

deluded

Possibly.  I'm no psychiatrist, are you?

Putin dick sucker

Now who's delusional?

Just curious, what got you all fired up?  Was it calling Google commies, or insulting Obummer?

[JayJuanGee]

BTC vs NASDAQ


https://bitcointalk.org/index.php?topic=1006631.msg45063701#msg45063701

Even if you find some similar pattern, there is a pretty low chance that they are correlated, and they may even have a bit of reverse correlation going on.


Perhaps your two charts demonstrate that you can compare anything as long as you tweak the time lines?

Well, this can't be ignored; they're just way too similar to be ignored. I know why you're hating it a bit, it's probably because of the difference of "billion" and "trillion" in ATH of both the graphs.

I thought that I was hating on the timeline and hating on the comparison of what seems to be apples and oranges, even though their charts seem to match up.

If bitcoin follows it further, we'll see a new ATH in December next year.

Probably, I am also hating on the fact that you are attempting to predict the future based on such supposed matching.

I think none of us would mind having a new ATH next year, would you?

I have nothing against a new ATH timeline that is within less than 2 years or even if a bear market takes place in BTC before a bull market begins, but the fact that many HODLers do not mind some additional consolidation before resuming towards ATH levels does not mean that your chart comparison is saying much of anything - even if the future ends up playing out like your chart comparison.

Plus imagine for a second, if that happens then after one and a half year, people will start looking at the bitcoin's graph to see where NASDAQ is going in the future.

Some people might begin to do that, but I will likely continue to "hate on" such comparison because it is coming off as if it were pie in the sky woo woo astrology rather than any kind of meaningful and substantive contribution towards BTC price prediction making.

[savetherainforest]

Die 7300 USD mark seems really hard to break.

We bounced off for the 3rd time already.

Perhaps, the harder that she breaks the more likely that she subsequently becomes support?  Is this possible?

I see u'r appetite for writing is back and u'r more hungry than ever!!! I feel like u'r that cat that types on a keyboard with the narrator repeating endlessly the word "hacking! hacking! hacking!" ...

Your title:  "JJG The Relentless"

[Gyrsur]

Always wanted to run your own Bitcoin/Lightning node but not doing all the hassle?

Now you can buy a plug and play device for $300.

https://store.casa/lightning-node/

https://medium.com/casa/announcing-the-casa-lightning-node-596df7a7427

Wait, that's a $35 Pi and a $45 HD. A $99 product selling for $300. Suckers!

DIY --> https://github.com/rootzoll/raspiblitz

it's cheaper and you will learn a lot.