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

[TheCactus]

Well, I sold 13

Do you plan to purchase back in in the $2k's? Asking for a friend..

[Biodom]

What/when is the daily 'closing" in bitcoin?

Daily candles close at midnight UTC

Weekly candles close midnight Sunday night UTC

Yes, I was referring to the poll actually, which mentioned Nov 25 Closing while as @Toxic2040 rightfully noted, there is NO closing per se.
Midnight UTC is probably the best; albeit I seriously doubt that Coinbase and Gemini go by UTC, but they might be.

The rest of the group, thanks for funny responses...I liked 42.

[xhomerx10]

Well, I sold 13

Do you plan to purchase back in in the $2k's? Asking for a friend..

 That's a young man's game and Searing is retired.

[HI-TEC99]

What/when is the daily 'closing" in bitcoin?

Daily candles close at midnight UTC

Weekly candles close midnight Sunday night UTC

Yes, I was referring to the poll actually, which mentioned Nov 25 Closing while as @toxic2040 rightfully noted, there is NO closing per se.
Midnight UTC is probably the best; albeit I seriously doubt that Coinbase and Gemini go by UTC, but they might be.

Gemini (and the winkdex) uses the gemini daily auction time of 4pm ET as daily closing time.

[bones261]

Well, I sold 13

Do you plan to purchase back in in the $2k's? Asking for a friend..

Searing is a miner. He's always accumulating...

[HairyMaclairy]

Bitcoin uses midnight UTC by convention so it’s not like forex.

You can check it yourself.  Just watch here at midnight UTC.  A new candle will appear. 

https://bitcoinwisdom.com/markets/bitstamp/btcusd

[Biodom]

Well, I sold 13

Do you plan to purchase back in in the $2k's? Asking for a friend..

 That's a young man's game and Searing is retired.

Once you sold a largish chunk of bitcoin, it is difficult to buy it back, especially if you used the proceeds "to live".
Mining, maybe, but mining is close to being kaput (short term) at above 7c/kwh.

[bones261]

Once you sold a largish chunk of bitcoin, it is difficult to buy it back, especially if you used the proceeds "to live".
Mining, maybe, but mining is close to being kaput (short term) at above 7c/kwh.

I've read a post of his in another thread. Yes 13 BTC is a good size chunk for him. However, he has plenty more. Even if he shuts down all his miners, (he may have already, I'm not certain on that fact.) He'll be fine BTC wise.

[bitserve]

Well, I sold 13

Do you plan to purchase back in in the $2k's? Asking for a friend..

IIRC, that's not a major (no pun intended) part of his healthy stash. So, considering he has already cashed out enough for all his expenses till official retirement in 2020 I would say he will do very well by not doing anything. No need to rebuy and risk his plan IMHO. I am sure I wouldn't do it if I were in his case.

Us peasants need to risk a little more.

[Biodom]

https://twitter.com/MustStopMurad/status/1066776756756070405

A large chunk of people calling for "$1500" right here makes me think a bounce is in order.

We need to give FAUX-bears FALSE HOPE... give them a BULL TRAP which challenges local assumptions, *THEN* destroy them FULLY, crushing their spirits beyond recognition. Then we bottom.

Murad is wrong.

We are either done or close to it. Perhaps, we would retest and even violate, but there would be no sudden plunges, IMHO.
We just had one (from 6500 to 3456).

That said, maybe btc is one crazy nut and would want to exterminate 90% of positions. Then, who knows.

[nanobtc]

Whatever happened to the $1000 party?

It got cancelled. I did not attend, but celebrated in my own way.

[HairyMaclairy]

Grey is overall open positions

Yellow is ratio

Green are longs

Red are shorts

Mind telling me where you are getting the data from?

Tradingview. I use a paid version. That’s a screenshot on my phone.

[Toxic2040]

Random fibs indicating potential support and resistance areas.

4h

[TheCactus]

Us peasants need to risk a little more.

I'm literally just sitting here waiting for Bitcoin to crash on all of my friends for Christmas so I can buy back in. I feel dirty.

[HairyMaclairy]

Us peasants need to risk a little more.

I'm literally just sitting here waiting for Bitcoin to crash on all of my friends for Christmas so I can buy back in. I feel dirty.

That’s the Christmas spirit brother !

[bones261]

Us peasants need to risk a little more.

I'm literally just sitting here waiting for Bitcoin to crash on all of my friends for Christmas so I can buy back it. I feel dirty.

Maybe you should just try earning coin through the shitcoin bounties. The amount your earn will be small, but it's usually better than hitting all the faucets. Unless you pick some ICO that can't even get to an exchange so you can dump.

[Elwar]

These are the times that try men's souls.

[Biodom]

A small distraction (OT) to btc pricing minutiae:

https://www.technologyreview.com/s/612458/exclusive-chinese-scientists-are-creating-crispr-babies/

A daring effort is under way to create the first children whose DNA has been tailored using gene editing.

This would open a Pandora's box, most definitely.
All talk about current inequality is just about numbers that could be attained one way or another.
Not so simple if you are essentially MADE genetically different.
For maximum publicity they started with the gene that is accessory to HIV (CCR5).
No active CCR5 present, no HIV.
Will it stop there? Of course, not.

[jojo69]

I say we just clone Bob over and over and make that our entire race.

[Biodom]

I say we just clone Bob over and over and make that our entire race.

It would be quite interesting undertaking to compare bitcoin hodlers/ mid-early investors (say, prior to 2015 or 16) to an average human population.
My expectation would be that there would be many interesting traits.
Something relating to risk taking (maybe even excessive risk), patience, stubbornness, etc.

As Jesse Livermore (or his alter ego) have said:

It never was my thinking that made the big money for me. It always was my sitting. Got that? My sitting tight! It is no trick at all to be right on the market. You always find lots of early bulls in bull markets and early bears in bear markets. I've known many men who were right at exactly the right time, and began buying or selling stocks when prices were at the very level which should show the greatest profit. And their experience invariably matched mine--that is, they made no real money out of it. Men who can both be right and sit tight are uncommon.