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

[BTCMILLIONAIRE]

Ack! Just looked at the price 1 hour ago...now it is going down...damn it....it's all on me...Ack!

(just don't look, it is always a trap!)

Something to say for 'blissful ignorance' and don't look at BTC price for 5 years, just think of all the angst I would have

lessened in the last 1/2 year alone!

Well, at least you don't REALLY need to look at the price anymore... You have been able to retire early. You have already cashed out enough to carry you until you receive your state retirement, social benefits, plus private pension plan. You still have a stash bigger than most guys here.

You made it FFS!

Just stop always seeing the glass half empty and enjoy your well deserved retirement, bro!

Retirement is severely overrated.
Most people are bored to smithereens and/or become idle.
In fact, being active in your 60ies probably extends life (for man).
I have seen older men declining really fast once they stopped working.
Somehow, this is not true for females, who often stay successfully retired for much longer.

I am almost fully certain that your lifespan depends heavily on your will for life. So if you retire with no other goals left, you'll quickly deteriorate and move on to the afterlife.

[egyptian magician]

The only true way I know that we've returned to a bull market is when my friends and coworkers come out of the woodwork to tell me about how they're going to start mining bitcoin with their old GPUs. I still don't actually know anyone else IRL who has ever bought bitcoin as an investment. But they'll spend hours and hours researching how to mine it, despite me telling them that they're wasting their time.

What are you doing then, besides shooting down the ideas of others?

By the way, I am not too much interested in the idea of mining bitcoin, but I can understand why some folks may want to get into mining as a medium to also learn more about the technicals behind BTC.  But, in terms of pure investing, or speculating, it is probably better to develop DCA buy strategies and to use fiat earned in regular life for that and to create a target accumulation, such as 1% to 10% of your investments or some other personally tailored investment goal.

Well it depends on what your goal is. As you say, if someone is interested in learning about the technicals, then I think that's great. But the point I'm making is that I see largely the same people spring up every couple years when there's a bull market with their mining ideas, and of course their end goal is just to make quick money. When in reality if they're interested in investing, they should straight up buy bitcoin as part of a balanced investment portfolio instead of wasting time, energy, and PC hardware to join some pool and generate a penny shaving, and probably get scammed in the process.

[egyptian magician]

And I just think it's a really good indicator. At least in my life. When I hear my friends and coworkers start talking about mining, I'm going all in!!

[BTCMILLIONAIRE]

According to CoinMarketCap:

Last 24h Volume (overall): $25,339,041,596

Last 24h Tether Volume: $6,603,357,495

Correct me if I'm wrong, but didn't Tether use to have a lot more dominance in overall volume till a few months back?

Currently, only about 25% of the total USD 24-hour volume belongs to Tether.

Lots of new and active stable coins could explain that.

[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.

[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.