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

[bitserve]

FFS guys, do you even trade?

The guy executes two full trades (buy+sell) winning $1000 on each one, so $2K total. What is confusing about this? Why the need to overthink it?

[vroom]

Found this on Twitter
Not as simple as it looks alike
Your bets

(1/6000*7000)+(1/8000*9000) = $2.29166666667    

edit: this 1 $BTC is misleading.

buy 0.00016666666 bitcoin for $1 at $6000
sell 0.00016666666 bitcoin for $1.16666662 at $7000
buy 0.000125 bitcoin for $1 at $8000
sell 0.000125 bitcoin for 1.125 at $9000

sum: 1.125 + 1.16666662 = 2.29166666667
profit: 2.29166666667 - 2 = 0.29166662

edit2: still wrong I think. here is another try:

buy 0.00016666666 bitcoin for $1 at $6000
sell 0.00014285714 bitcoin for $1 at $7000
buy 0.000125 bitcoin for $1 at $8000
sell 0.00011111111 bitcoin for $1 at $9000

$0 and 0.00003769841 BTC is my final answer. I give up too

[El duderino_]

Bitmain and Bitfury are most likely to deploy many of their new ASICs on their own farms, and I believe their cost to produce is way less than the price they give to the public. I suspect that most large mining farms in China will be able to recoup their equipment cost in a few months, if that long.

Hmmm. And here I thought that the WO consensus was that Bitmain was circling the drain, and were destined to kill BCH in the process. Guess that must have been a premature call.

BCH is a dead zombie coin, only you haven't realized it yet. 

[bitserve]

Found this on Twitter
Not as simple as it looks alike
Your bets

(1/6000*7000)+(1/8000*9000) = $2.29166666667

I give up 

[bitserve]

Found this on Twitter
Not as simple as it looks alike
Your bets

this 1 $BTC is misleading.

(1/6000*7000)+(1/8000*9000) = $2.29166666667

It doesn't matter if $BTC is a typo, he means 1 BTC, or he means 1 BCASH, or 1 ASS.... he:

1- Buy 1 of whatever for $6000, and afterwards sells it for $7000. Profit = $1000
2- Buy 1 of whatever for $8000, and afterwards sells it for $9000. Profit = $1000

Total money made: $2K.... Or, just in case the "," is eur notation: $2,000

Oh, fuck, I said I gave up, I can't even stand by my word now

[Syke]

this 1 $BTC is misleading.

Correct. There is no such thing as "1 $BTC", so the question is ambiguous and there is no "right" answer.

[HairyMaclairy]

untitled 6 lyrics

[El duderino_]

Still, this rally isn’t broken yet.

The failure to break past $6610 on that break downwards indicates to me that the bulls are in control.  

I am changing my position and flipping to short term bullish.

looking forward for your middle and long term bullish charts

[HairyMaclairy]

Still, this rally isn’t broken yet.

The failure to break past $6610 on that break downwards indicates to me that the bulls are in control.  

I am changing my position and flipping to short term bullish.

I got stopped out about 3 minutes after posting this.  Bitcoin is one hell of a ride !

[El duderino_]

I'm actually terrified at this moment.

Up is down.

Bottom is left.

Right is blue.

XRP is number two.

 

As long as nr 1 stays nr 1   more we don’t need

Actually Mic, who gives a ratt's ass, except some folks who are getting mislead by the significance of coin market cap when they have such a shit coin, such as XRP posted up there on CMC?  

Furthermore, it seems to me that there were times in which XRP would have already surpassed bitcoin on a number of occassions, especially if they accounted for its total supply - which also demonstrates their fake restriction of the supply, too.

Perhaps XRP going to number 1 on CMC would be a good thing in order to show more intelligent folks how stupid the XRP manipulated scam bullshit and lack of use case coin (beyond pump and dump ponzi) is being shown on CMC.

Yes, marketcap is a very bad metric to rank cryptocurrencies and also cmc is too popular with newbies. XRP wont make it to #1 ever and if it does i dont think people will abandon it but rather celebrate the new standard    

Never say never about the manipulated bullshit when it comes to the fact that XRP is even on coinmarket cap and there are many pro ripple advocating folks who already concede that XRP is not a blockchain, so what the fuck is it doing on coinmarket cap in the first place?  I would not be surprised by some pumping shenanigans that could bring XRP's market cap above bitcoin... furthermore, there is real shenanigans as well with circulating XRP supply at 40 billion, but total actual supply of XRP is 100 billion.  

Is there something stopping the sales of some of those extra and hidden 60 billion XRP - which could well mean that those other behind the scene XRP should be considered as part of its valuation (showing further that XRP is way overvalued with restricted supply that causes it to be able to pump more easily)?  Actually, no one really knows why XRP was pumped this last time around, but they are certainly doing a lot of marketing and they get a lot of regular press that seems to deceive peeps into thinking that this next thing called XRP (have you heard of it) is the next thing to sliced bread.

I dont think XRP can pump to those levels without crypto and inevitably btc rallying too. Also, those 60b XRP you are talking about, they can only sell a certain amount each month (ripple labs) but yes, terrible situation with such large part of the supply owned by a single actor. In my beginning days i fatfingered into a ripple market buy with my whole exchange account.. it was 1.6m xrp lol and i corrected my mistake by selling back (note this is 2016). But i dont like the coin and think it would be better if it didnt exist.

[El duderino_]

[Deeyoh]

10,000 LTC buy in Binance.  That's the biggest I've seen on binance.  Looks like a push up for the normal Sunday night/ Monday morning dump.

Yep, called it and sold all out my trade stash.  I only do spot.. so now wait time for the bottom.   This is the hard part. I almost always go back in to early.  

[El duderino_]

via Imgflip Meme Generator

1 small pump of XRP and all the enthousiast where there HAHA     

[El duderino_]

member when we used to observe walls?
i memeber

All this sideways action, for so long, is making some of us go all bonkers 'n sheeit.

Know what I mean ?

Feeling despair and malaise for so long is starting to take it's toll.

Will this suffice, until morale improves ?

wall watching improved 

[StartupAnalyst]

[HairyMaclairy]

[vroom]

the honey badger raccoon is ready to roll

[Elwar]

Price is down to unprecedented* levels.

It was nice knowing you all, we will never forget this crazy experiment that we were all a part of.



*in terms of the past few minutes/seconds

[Speculatoross]

[El duderino_]

Price is down to unprecedented* levels.

It was nice knowing you all, we will never forget this crazy experiment that we were all a part of.



*in terms of the past few minutes/seconds

yeah still under 10K what are we gonna do .......

suggest hodl all the way