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

[HairyMaclairy]

Volume is solid but not spectacular

[1618695091]

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[1618695091]

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[1618695091]

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[1618695091]

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[1618695091]

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[goldkingcoiner]

I won't be happy until we are back at 20k

[HairyMaclairy]

I won't be happy until we are back at 20k

Come back in a couple of years

[btc_owner]

I won't be happy until we are back at 20k

That’s not gonna happen soon people are not ready ... 10k at dec 2019 is nice


BTC at 20k «  its too high, too late to buy bitcoin we mise the train.. »

BTC at 3k «  bitcoin is dead you see, don’t buy that shit »
 
 

Time to buy bitcoin, don’t buy it at 15k

[Arriemoller]

Going to break 4k, are we?

Didn't we already do that a month or so ago?
I fail to see the wow factor in that, just normal volatility.

[kingcolex]

Going to break 4k, are we?

Didn't we already do that a month or so ago?
I fail to see the wow factor in that, just normal volatility.

It's because we're showing more evidence of it reversing.

[Arriemoller]

Going to break 4k, are we?

Didn't we already do that a month or so ago?
I fail to see the wow factor in that, just normal volatility.

It's because we're showing more evidence of it reversing.

Nah, it's too early for that, we have several more months sideways to look forward to.
I'll be glad if I'm wrong, but I'm probably not.

[HairyMaclairy]

Going to break 4k, are we?

Didn't we already do that a month or so ago?
I fail to see the wow factor in that, just normal volatility.

It's because we're showing more evidence of it reversing.

Nah, it's too early for that, we have several more months sideways to look forward to.
I'll be glad if I'm wrong, but I'm probably not.

I would say you are both right and wrong

We have bottomed and yes we have several more months of sideways.

[JayJuanGee]

Quick 80x long powers active.

One way to get poor quick... 

[Biodom]

@HM

Do you think that it is possible that very soon (maybe they are doing it already) AI would have close to perfect market predictions?

I saw this article about protein folding. Best scientists were beaten by AI with a large margin.
https://www.vox.com/future-perfect/2019/2/15/18226493/deepmind-alphafold-artificial-intelligence-protein-folding

Interesting points there: will scientists (apart from those programming AI maybe) become obsolete?
A large part of doing science is based on being able to stake the claim that you did something first (discovery, etc.).
Personally, I don't see much use of doing science of you are doing so at some primitive level when AI gets all the "best parts".
This would feel awful.
There will be a crisis (maybe limited to natural sciences, though).
We could be already in it and will realize it soon.

[xhomerx10]

~megasnip

I don’t know whether it somehow affected the price of BTC, but now I only want to wear a hat much more .

Sunglasses would look nice on this avatar.. even though maybe a bit difficult to see... like those sunglasses in sample 3.

Yes, I think they would match Rocket.

 Like this?



Avatar-sized

[BTCMILLIONAIRE]

@HM

Do you think that it is possible that very soon (maybe they are doing it already) AI would have close to perfect market predictions?

I saw this article about protein folding. Best scientists were beaten by AI with a large margin.
https://www.vox.com/future-perfect/2019/2/15/18226493/deepmind-alphafold-artificial-intelligence-protein-folding

Interesting points there: will scientists (apart from those programming AI maybe) become obsolete?
A large part of doing science is based on being able to stake the claim that you did something first (discovery, etc.).
Personally, I don't see much use of doing science of you are doing so at some primitive level when AI gets all the "best parts".
This would feel awful.
There will be a crisis (maybe limited to natural sciences, though).
We could be already in it and will realize it soon.

I don't see humans not merging with AI in some way down the line, or at least enhancing our bandwidth for information processing. Someone will have to keep identifying desirable problems, so humans will need to self-enhance to be capable of keeping up with the results of AI research and deciding on new targets.


Also, no. No AI will ever make perfect market predictions. Simply because different players will employ different AIs to play against each other. At that point humans might be entirely incapable of trading manually though, as AIs would be capable of forcing market movements over any short and large time scales. It'll basically make humans play into its pocket.

[JayJuanGee]

Sunglasses would look nice on this avatar.. even though maybe a bit difficult to see... like those sunglasses in sample 3.

Yes, I think they would match Rocket.

 Like this?



Avatar-sized

Personally, I like the "with sunglasses" better, but I might be a minority in terms of my aesthetics.

Of course, choice would be for StartupAnalyst ... and only a few more points away...  

[jojo69]

What jojo what???

$3950 was not what I was expecting to come home from work to

[Botnake]

What jojo what???

$3950 was not what I was expecting to come home from work to

What amount you are expecting then?

[jojo69]

What jojo what???

$3950 was not what I was expecting to come home from work to

What amount you are expecting then?

meh, 3400 or something

[Botnake]

What jojo what???

$3950 was not what I was expecting to come home from work to

What amount you are expecting then?

meh, 3400 or something

I'm bullish, I always think of the price above $4K and it seems we will be there shortly.
BTC is relaxing a bit IMO 

[Toxic2040]

What jojo what???

$3950 was not what I was expecting to come home from work to

What amount you are expecting then?

meh, 3400 or something

[lightfoot]

Pity, i would say do not sell @these prices, but when gotta cover Some expenses Then there is nothing to do about it

Hope you can buy the coin back

Yep, gotta do what you gotta do. Someday when that coin is worth 1m I'll look back in fondness.

Or something.

[HairyMaclairy]

@HM

Do you think that it is possible that very soon (maybe they are doing it already) AI would have close to perfect market predictions?

I saw this article about protein folding. Best scientists were beaten by AI with a large margin.
https://www.vox.com/future-perfect/2019/2/15/18226493/deepmind-alphafold-artificial-intelligence-protein-folding

Interesting points there: will scientists (apart from those programming AI maybe) become obsolete?
A large part of doing science is based on being able to stake the claim that you did something first (discovery, etc.).
Personally, I don't see much use of doing science of you are doing so at some primitive level when AI gets all the "best parts".
This would feel awful.
There will be a crisis (maybe limited to natural sciences, though).
We could be already in it and will realize it soon.

I don't see humans not merging with AI in some way down the line, or at least enhancing our bandwidth for information processing. Someone will have to keep identifying desirable problems, so humans will need to self-enhance to be capable of keeping up with the results of AI research and deciding on new targets.


Also, no. No AI will ever make perfect market predictions. Simply because different players will employ different AIs to play against each other. At that point humans might be entirely incapable of trading manually though, as AIs would be capable of forcing market movements over any short and large time scales. It'll basically make humans play into its pocket.

Machine learning is just a better, faster abacus.  The article is a bit disappointing because these scientists have not been 'beaten', they have been gifted a wonderful new tool.  

Roles counting bushels of wheat by hand (or folding proteins by hand) will become obsolete.  But someone still has to build, maintain and operate the machine that counts the bushels of wheat or folds the proteins by hand.  So you have one person doing the work currently done by 50 other people.

What happens to the other 49 people?  Well they do something else.  In the case of academics, they work on doing something wonderful with all these new proteins we can discover through machine learning.  In the case of farmers counting bushels of wheat, maybe their children move to the city and become accountants (or cryptoeconomists).

But machine learning is just building mathematical models.  When you apply mathematical models to trading, you are engaging in an arms race with every other market participant.  And nothing fucks up a model more than a whale doing something random just to fuck up other traders.  So no, I don't think we can make perfect predictions.  

So how can you win against these highly funded, high frequency players with whale deep pockets?  Don't play their game.  In their game they can only bend the price for short periods of time.  In the long run, the price is gonna do what the price is gonna do.  So make your trading moves long term, do not day trade.

90% of my trading profits have come from a small handful of large long term trades.  About 5 trades in total.  Every thing else has basically been just fucking around and wasting time.  And long term multi-year swing trades are immune to short term market manipulation.