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

[JimboToronto]

Lest we forget:



If it's gotta be a Lambo, at least make it one where you can sit as far from the driver as possible.

It also helps if you can enjoy delicious alcoholic beverages while traveling.
_____

Oh, we had a little dip? Pity.

No problem. Just gotta wait a little longer.

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[bitserve]

The 310BTC challenge has been solved.

P.S.: https://docs.google.com/document/d/1nUAhlC_n21ZLZcRAHpLw9G--gpk4NUVIJqVp9F68qp4/preview

Wow, I didn't think it would be that soon - even trying did my head in!

Neither did I... but $2 million is huge amount of money and there are some awesome CTF teams that are used to work in stuff like this for a full week non-stop with almost no sleeping... The amount of work they can do in that time with that dedication and skills is simply mindblowing.

In fact the tx of the prize to three wallets could also indicate it was a team.

[Bitcoinaire]

So, is 2019 a wash?

[Elwar]

Same tends to happen with gold. A huge drop in the stock market has an immediate affect dropping gold as well. But over the long term it rises due to a bad stock market.


Also...this is why we don't want to attach BTC to Wall Street.

[Heater]

I pioneered the JNR - jump never return whilst at university working with machine code

You gotta go back when you goto in structured.

my 1st assembly language program was on a trs-80 model one.. it was pretty much this:

                            LOAD A, "E"
LOOP_OF_DEATH:  PUSH AF
                            GOTO LOOP_OF_DEATH

i did it to see how fast i could fill the screen with the letter "E" vs BASIC code (POKE x,y) as with BASIC you could see it fill as the loop executed.  with PUSH i figured the stack would grow till it filled all memory, including the memory mapped video screen. it did. not to mention overwriting itself eventually of course.

with the machine language code the screen was instantly filled and the machine locked up before i could even begin to take my finger off the RETURN key heh. i was impressed. helped me understand just how fast straight machine code was vs interpreted code.

I remember doing all most the exact same thing in HS but I think we figured out how to just fill the screen. It must have been from a magazine. Otherwise I’m not sure how we figured it out??? I was amazed at the speed..

[d_eddie]

Our assets are sore from too much correlation.

[goldkingcoiner]

I knew this was going to happen. 1 day indicators were all pointing to the bears but I still missed out on buy in at bottom Aw. Well. Maybe. Seems like this is not over yet. Waiting for next 12 hr candle. Weekend pump?

[leetlezee]

The point is market manipulation on a large scale exists behind the scenes that is never covered by the news / brought to light. Not all institutional investors were/are involved in the manipulation and therefore got burned by the crash earlier this year, while naturally, some HODL-ers are on the richlist (it's easier to have lots of Bitcoin if you acquired/mined it when it was cheap), and some retail traders have gotten lucky and hit it big. The point is the average Joe who is trying to get into Bitcoin is essentially robbed of his money by market manipulation he has no idea even exists.

But then again, market manipulation exists in other markets as well... stock, commodity... they just have more regulation, so it's easier to get caught.

This concept of being robbed by manipulation seems to be going a bit too far.  Markets have dynamics, and you gotta prepare for those dynamics if you are either investing or trading...

Robbed probably isn't the best word. Possibly "forcibly lost"?

I completely agree that you need to be prepared for the dynamics of the market. Most people who jumped in and bought Bitcoin in the later half of 2017 were not thinking with their head. And they were definitely not familiar with the market dynamics.

The crypto market right now is like the wild west in the movies. Wild, crazy, unpredictable, and unregulated. Which can be good... and bad.

Introducing regulation to help minimize the bad actors will help in some ways (making it harder for legitimate businesses to be involved in manipulation), and hurt in a lot of others (making it harder for everyone else to be involved in anything).

So the answer, for now... is to do the best you can with the information you have. Which... BTC price just dropped. Anyone up for buying some more?  

[cryptokwuk]

I knew this was going to happen. 1 day indicators were all pointing to the bears but I still missed out on buy in at bottom Aw. Well. Maybe. Seems like this is not over yet. Waiting for next 12 hr candle. Weekend pump?

Don't worry, this current crash is far from over, we still have along way down to go.

[d_eddie]

If we can hold the $6k floor through to the end of January, then it’s on like Donkey Kong.

...and if we can't, a conservative short might be the ticket.

You are vocalizing this "shortie thingie ma jiggie" a lot, recently.  Getting me worried in a kind of maternal sense.

Don't worry mom, I always wear a condom.

Even with a condom on, the ride is still fun.

In more technical words: my condom long is still standing and suffering. I wish I could have closed it earlier, or nursed it to a lower entry.

However, my other, hedging, opposing position (which I won't name explicitly to avoid a worried maternal figure) has granted me a nice, uh, money shot. And it still has some juice. I've just placed a few take profit stops on the way back up, and a fat asset one lower than here.

I'm set up. I know the possible outcomes of this position. Peace of mind. No more compulsive price checking for a while. No thirst for gambling, though I might buy some moar physical coin if things go further south.

(I did gamble a bit a couple weeks ago, against BCH, and I won. I could have squeezed more out of it, but I acted conservatively.)

This (apart from the BCH gamble) has nothing to do with my hopes or beliefs. It's just that this system does work for me.

[jbreher]

So the answer, for now... is to do the best you can with the information you have. Which... BTC price just dropped. Anyone up for buying some more?

Just did.

[jojo69]

I knew this was going to happen. 1 day indicators were all pointing to the bears but I still missed out on buy in at bottom Aw. Well. Maybe. Seems like this is not over yet. Waiting for next 12 hr candle. Weekend pump?

Don't worry, this current crash is far from over, we still have along way down to go.

meh

as long as 4250 holds it's all good

[d_eddie]

Don't worry, this current crash is far from over, we still have along way down to go.

Username checks out.

[marcus_of_augustus]

Relax. It's not correlation. BMB==RosewaterSewer has always been a bear and is probably stealth-mode LambChopsBiscuitGravy anyway.

Btc dump has come after the markets have been leaking and drooping for a few weeks now, so it is most definitely due to the liquidating of more profitable positions to pay margin call and shore up other worse bets.

Remember, remember the 10th of October (and then the 5th of November). Big moves are afoot, position yourselves for the next rally, not the previous dump.



Note the date 10/2018.

[jojo69]

holy Asian selloff batman

the nikkei is down like 4% or something...lol

[Paashaas]

We all know the destination of Bitcoin.

[marcus_of_augustus]

https://www.youtube.com/watch?v=5PUwr8DsYeg

history never repeats, but it often rhymes .... stocks catching up to bond troubles, real estate boom finishing, characterising as a "correction" not a crash, the bear is back chaps.

[Biodom]

These types of crashes (1987-light) are never precursors to a hard recession, depression, unless tariffs/trade wars are also involved...
Wait a minute....

[Icygreen]

I'm feeling 6200 is CHEAP!  A similar feeling when I said the same at 4k's.

[Rosewater Foundation]

Relax. It's not correlation. BMB==RosewaterSewer has always been a bear and is probably stealth-mode LambChopsBiscuitGravy anyway.

Sure, I'm the bad guy.