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

[BTCMILLIONAIRE]

LET IT BE

That is nearly ridiculous logic that you are citing there, mic.  Get your team to help you to see the light.

Recall that in September 2017 bitcoin was in the midst - and even tail end of a bull market, and currently bitcoin seems to be in a bear market, so the price dynamics, and therefore momentum, are much different.

You're right, if we can have a similar effect right now as we had in September 2017 (despite the bull market at the time) we'll be having a much more violent bull run through 2019! Weeeeee

Disclaimer: I do not know what the fuck I am talking about. This is not investment advise Or is it.

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[goldkingcoiner]

Heres a good question for the WO: Who uses automated trading tools and which ones?

[BTCMILLIONAIRE]

Heres a good question for the WO: Who uses automated trading tools and which ones?

I wouldn't trust any bought automated trading tools (not just because of potential backdoors or keyloggers). Selling them implies that whoever made them doesn't know what the fuck they're doing. If the bot was any good it'd only be a matter of time until they'd be filthy rich, so giving others access to it would eat into their profits. Hence, if you can buy it it's fucking garbage.

Don't bother.

If you want one and are rich enough to afford it hire a team of nerds and lawyers. If you're broke, become a nerd yourself and write your own. If you don't like either of these options, just forget it.

[Cryptotourist]

Have a good green dildo night guys

[d_eddie]

Heres a good question for the WO: Who uses automated trading tools and which ones?

I wouldn't trust any bought automated trading tools (not just because of potential backdoors or keyloggers). Selling them implies that whoever made them doesn't know what the fuck they're doing. If the bot was any good it'd only be a matter of time until they'd be filthy rich, so giving others access to it would eat into their profits. Hence, if you can buy it it's fucking garbage.

Don't bother.

If you want one and are rich enough to afford it hire a team of nerds and lawyers. If you're broke, become a nerd yourself and write your own. If you don't like either of these options, just forget it.

I'd like some automation in the form of simple macro commands issued from a GUI or a command line, possibly scriptable. Something like "generate 4 sells spaced uniformly from X to Y, total amount x (btc or usd)", or "re-spread those 4 others over this new range, making them smaller the higher the price".

A glorified Excel, basically, with specific tools to calculate liquidation points and projected P/L. No autonomous behavior except from what I put in ("trigger this buy only if P/L over all positions goes  lower than z$, and only after that order's filled, put this other one in").

The thing might not even have API access to actually place orders; it might simply put the orders in a queue, where they would be hand picked by the human operating it.

I'm pretty sure something like that must exist already, or it should not be that hard to concoct for programmers worth their salt. The most complex issue IMO is designing a workable user interface, graphical or textual.

[bitcoinminer42]

Have a good green dildo night guys

That moment when u realize u just fucked up 

[El duderino_]

Hope so
Going into HODLsleep mode.....

Goodnight WO’s

good little over morning toxic2040

[Toxic2040]

Hope so
Going into HODLsleep mode.....

Goodnight WO’s

good little over morning toxic2040

Good night goose.

[goldkingcoiner]

fuck it. I am wiping out half the orderbook We are obviously going down to 3.7k at least.... It was fun while it lasted

[BlackMambaPH]

LET IT BE

So in short 20k is..................

[jojo69]

schwiiiing

[HairyMaclairy]

The real challenge still lies ahead around ~$4800.  But look at those steadily growing green volume candles.  

[goldkingcoiner]

Think we might see a nice cup and handle formation by mid january?

[HairyMaclairy]

Shorts remain stubbornly high.  

Think we might see a nice cup and handle formation by mid january?

That's a good point.  Had not considered that.  Are you thinking a cup and handle this side of the bear line with an attempted break out on the second round?  Potentially that would be much sooner than mid Jan. 

[sirazimuth]

60% up in a day? (no not btc ..that other thing)  Oh yeah, that's gonna last. Same old same old...
what a frikkin joke. SMH. No wonder normal peeps laugh at crypto.

[gentlemand]

60% up in a day? (no not btc ..that other thing)  Oh yeah, that's gonna last. Same old same old...
what a frikkin joke. SMH. No wonder normal peeps laugh at crypto.

This time it's different.

It's a new paradigm.

Um,

SHUT UP.

[nikauforest]

I hate Fakebook. I never signed up for an account. Something I am 100% sure I do not need in my life.

Looks like they are getting into the stable coin biz.
https://sludgefeed.com/facebook-reportedly-creating-stablecoin-for-whatsapp/

[goldkingcoiner]

Ok hairy, check this out. My hypothesis:
Have you ever heard of a cup in a cup in a cup?



excuse my crappy charting.

[d_eddie]

60% up in a day? (no not btc ..that other thing)  Oh yeah, that's gonna last. Same old same old...
what a frikkin joke. SMH. No wonder normal peeps laugh at crypto.

I'm out of it already and thankful, but there's this itch mounting...
short it again...
short it again...

[HairyMaclairy]

UK HMRC chucks in its two pence:

Only in exceptional circumstances would HMRC expect individuals to buy and sell cryptoassets with such frequency, level of organisation and sophistication that the activity amounts to a financial trade in itself. If it is considered to be trading then Income Tax will take priority over Capital Gains Tax and will apply to profits (or losses) as it would be considered as a business.

As with any activity, the question whether cryptoasset activities amount to trading depends on a number of factors and the individual circumstances. Whether an individual is engaged in a financial trade through the activity of buying and selling cryptoassets will ultimately be a question of fact. It’s often the case that individuals and companies entering into transactions consisting of buying and selling cryptoassets will describe them as ‘trades’. However, the use of the term ‘trade’ in this context is not sufficient to be regarded as a financial trade for tax purposes.

A trade in cryptoassets would be similar in nature to a trade in shares, securities and other financial products. Therefore the approach to be taken in determining whether a trade is being conducted or not would also be similar, and guidance can be drawn from the existing case law on trading in shares and securities.

Lots of other stuff in there about airdrops and forks

https://www.gov.uk/government/publications/tax-on-cryptoassets/cryptoassets-for-individuals