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

[StartupAnalyst]

[El duderino_]

From twitter: "Very bearish today. If we break 6550 expect to see 6549!" 

via Imgflip Meme Generator

[d_eddie]

I have considerable difficulties understanding any kind of investment strategy that buys while an asset is exploding 2x, 5x, 8x, 10x or greater, and then stops buying when that asset is lowering in price.

The strategy you describe sounds unwise indeed.

On the other hand, even if someone's bullish on a particular asset, it does make sense to wait for uptrend confirmation before buying a substantial chunk. In the case of bitcoin, which can explode 10x in short time spans, it's not unreasonable to wait for 2x before feeling confident it's a bull run, even for a medium-long term investor.

On the third hand (or is it one foot?), timing the market reliably is, as we know, impossible.

Any sound investment should plan to budget in such a way that prepares for the down...

Hedging with shorts?  

[TheHas]

well...just scrolled back and saw QuestionAuthority fire hosing merit all over the farm.

nice

30 merits for that post?....that was generous to say the least
probably made his (ulrich's) day anyway....

It's a *perfect* post: Concise and to the point. Nothing to argue, I would be thankful if everybody were like that.

In a philosophy class, an essay exam question asked students to explain 'what is risk'?

The student wrote down 'this is' and left the exam.

HD's all round.

[itod]

The talk everybody is talking about, Blockstream Co-Founder Mark Friedenbach on how to increase BTC transaction volume 3584x with a soft fork:

https://www.youtube.com/watch?v=y8hJ0VTPE34&t=3723s

[cgt99]

A bot was about to die from boredom, decided to take som action . lmao 
https://www.trustnodes.com/2018/10/07/bot-goes-wild-sends-bitcoin-to-nearly-8000-eth-at-300-ltc-down-to-1-on-bitstamp

[goldkingcoiner]

A bot was about to die from boredom, decided to take som action . lmao 
https://www.trustnodes.com/2018/10/07/bot-goes-wild-sends-bitcoin-to-nearly-8000-eth-at-300-ltc-down-to-1-on-bitstamp

This is why a drunk coiner is always better than a bot.

Also I would never trust my money to a bot. I mean cmon. Who puts hundreds of thousands or even millions of dollars into a program they probably did not even write themselves? Although once AI becomes a bit more of a mainstream thing... Maybe.

[El duderino_]

Haha
That Black Guy “derick lewis”  knocked out his opponent and had a very funny speech after the match .... putting out his shorts, cause his balls where too tight etc and finisht with sheeiiiit , instant thoughts ?? Lol

hear this one LOL   "1.28min" especialy 

https://twitter.com/AmyMMA/status/1048778749670559744

[vapourminer]

well...just scrolled back and saw QuestionAuthority fire hosing merit all over the farm.

nice

30 merits for that post?....that was generous to say the least.
probably made his (ulrich's) day anyway....

30 merits a word, or ~1.3 merit per letter.

imagine what JJG would get for one of his typical posts at that rate..

[El duderino_]

^
only theymos owns that kind of merit too send.....and even thats not a sure thing.

[crypmike]

imagine what JJG would get for one of his typical posts at that rate..

lmao 

[Kylapoiss]

Anyone ever been to Sri Lanka? Any suggestions on stuff to do there?

I'm flying there in the end of October for a couple of weeks, too bad I didn't check the weather before buying the tickets, the end of Oct and beginning of Nov are supposedly the rainiest periods, lucky me!

[El duderino_]

 
because all of the BOXING shitposting .... making it a little BTC-related haha    "didn't took long, for these meme's to show up" 

[goldkingcoiner]

If a positive market that is going up is called bull market and a negative market is going down is called bear market, shouldn't a sideways moving market like now be called a "crab market? Things are looking crabbish.

[El duderino_]

Anyone ever been to Sri Lanka? Any suggestions on stuff to do there?

I'm flying there in the end of October for a couple of weeks, too bad I didn't check the weather before buying the tickets, the end of Oct and beginning of Nov are supposedly the rainiest periods, lucky me!

been there 2 years ago.... just enjoyed the very beautyfull nature down there, small river cruising on tiny boats with a local etc .... but the traffic is terriefying.
sick cheap as well there , Very nice country enjoy it.

[bitserve]

(not as much thankful as QA though... I'm poor.)

 

Bitserve is not having a very good weekend.  First, he gets hit in the balls by the diverted micpeep weekend pump, and then "this" timing situation.

Woke up and went to check if the crazy bot on Bitstamp had executed some of my ridiculous limit orders I usually leave hanging.... It turns out I had none in that range/pairs anymore. Definitely a meh weekend crypto wise.

Crazy fun in the wedding though, so everything is good  

Now drinking some beer to fully recover from it.

[criptix]

Tether bankrupt?

See you guys at 1k? 

[bitserve]

Tether bankrupt?

See you guys at 1k? 

Wut??

[kirreev070]

 
because all of the BOXING shitposting .... making it a little BTC-related haha   "didn't took long, for these meme's to show up"  

https://twitter.com/cryptochrisw/status/1048743567852802048?s=21

[El duderino_]

^