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

[bitserve]

Holy crap LTC/BTC is +%20. Dumping my fckin LTC too. This is a life time opportunity to get more BTC from alts probably.

Dumped my RVN from 1600sats and now its barely above 1000sats.

Feels good man.

Now its monero's turn.  I want a mega pump there too.

Not sure if I should sell my LTC before the halving. I need to think more about it.

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[JayJuanGee]

Moving a bit too fast for my liking. I think we’ll have a correction to mid 4K’s. I’m fine with that, I’m enjoying accumulating.

We all know we’re going to 6 figures beyond 2021 any way.

Well we didn't have a correction on the way down why should we have one one the way up? $6500 baby here we come....

Bitcoin no doesn't work like that.

Of course, there is going to be a decent sized and material price correction.  It's a matter of when, not if.

I personally would not be surprised to begin to experience such a significant and material correction at anytime.. but we also know how bitcoin has a habit of OUTDOING expectations.... and currently, there is a bit of momentum on the UPSIDE including a bit of pent up holding the price down lower and for longer than was probably healthy.

Therefore BTC prices, in this cycle, are possible to advance, more or less,  straight into the $6,200 to $6,500 arena without any kind of material and significant price correction. 

I have a hard time contemplating that BTC's price would go beyond $6,500, in this particular round of UP without some kind of material and significant price correction - in the 30% plus arena... never say never, but would be quite a low likelihood, in my humble bumble opinion.

[sirazimuth]

Good lord...almost time for gentleman posts...

[julian071]

I have to stay on topic so I'll post this again:



It's so great to be watching the markets move like this again, some nice music and a view of huge market sells and buys.... so relaxing.

[Searing]

Good lord...almost time for gentleman posts...

"This is it, gentlemen unless it isn't in which case, this becomes a FOMO without a home, until you sell then it becomes "This is it, gentlemen, for someone else.

(rinse/wash/repeat)

[qwizzie]

I guess seeing pictures of big sexy hot bottoms will be an increasingly rare thing now  

[mindrust]

Holy crap LTC/BTC is +%20. Dumping my fckin LTC too. This is a life time opportunity to get more BTC from alts probably.

Dumped my RVN from 1600sats and now its barely above 1000sats.

Feels good man.

Now its monero's turn.   I want a mega pump there too.

Not sure if I should sell my LTC before the halving. I need to think more about it.

I just pulled the trigger. I am out already. Made a nice x2 BTC profit from LTC. Will get back in when it hits sub 0.01 Rinse and repeat. I like LTC so much.

[bitserve]

Good lord...almost time for gentleman posts...

"This is it, gentlemen unless it isn't in which case, this becomes a FOMO without a home, until you sell then it becomes "This is it, gentlemen, for someone else.

(rinse/wash/repeat)

Hey Searing, hope you are now able to see the glass half full instead of full empty as you usually do

[JayJuanGee]

Nice.

Now I only need a higher low to change my "status" for good.

I'm with you there, bitserve.

[Raja_MBZ]

Holy crap LTC/BTC is +%20. Dumping my fckin LTC too. This is a life time opportunity to get more BTC from alts probably.

Dumped my RVN from 1600sats and now its barely above 1000sats.

Feels good man.

Now its monero's turn.  I want a mega pump there too.

Not sure if I should sell my LTC before the halving. I need to think more about it.

https://github.com/litecoin-project

I honestly think that there's absolutely no reason to keep LTC in your portfolio. Even some of the 500+ rank coins (by marketcap) have way more Github activity than Litecoin. It might be old, might be very much decentralized, but IMO, if there're no further developments, then it deserves to die.

[bitserve]

Holy crap LTC/BTC is +%20. Dumping my fckin LTC too. This is a life time opportunity to get more BTC from alts probably.

Dumped my RVN from 1600sats and now its barely above 1000sats.

Feels good man.

Now its monero's turn.   I want a mega pump there too.

Not sure if I should sell my LTC before the halving. I need to think more about it.

I just pulled the trigger. I am out already. Made a nice x2 BTC profit from LTC. Will get back in when it hits sub 0.01 Rinse and repeat. I like LTC so much.

I am in HUGE profits on my LTC.... though if I didn't sell at $300 and with the halving coming the next months.... donno.

Also it is the altcoin I like more. I know I should maybe sell but....

[bitserve]

Holy crap LTC/BTC is +%20. Dumping my fckin LTC too. This is a life time opportunity to get more BTC from alts probably.

Dumped my RVN from 1600sats and now its barely above 1000sats.

Feels good man.

Now its monero's turn.   I want a mega pump there too.

Not sure if I should sell my LTC before the halving. I need to think more about it.

https://github.com/litecoin-project

I honestly think that there's absolutely no reason to keep LTC in your portfolio. Even some of the 500+ rank coins (by marketcap) have way more Github activity than Litecoin. It might be old, might be very much decentralized, but IMO, if there're no further developments, then it deserves to die.

[hodl_2015]

I want that correction! Buy order ready at $4600:

A suggestion:   Don’t use round numbers for your limit orders. Put it $20 or $30 above because if the price is going to bounce, it will bounce above $xx00.  If the prices touches $xx00 then it’s going to drop below that amount.

It could eat though half the wall at $4600 and not drop below, but then your order depends on which of the $4600 orders are processed first by the exchange. at $4601 yours should be processed before all the $4600 orders.

[sirazimuth]

..... I know I should maybe sell but....

I had that thought too when BTC was at 19k....

[mindrust]

Holy crap LTC/BTC is +%20. Dumping my fckin LTC too. This is a life time opportunity to get more BTC from alts probably.

Dumped my RVN from 1600sats and now its barely above 1000sats.

Feels good man.

Now its monero's turn.   I want a mega pump there too.

Not sure if I should sell my LTC before the halving. I need to think more about it.

I just pulled the trigger. I am out already. Made a nice x2 BTC profit from LTC. Will get back in when it hits sub 0.01 Rinse and repeat. I like LTC so much.

I am in HUGE profits on my LTC.... though if I didn't sell at $300 and with the halving coming the next months.... donno.

Also it is the altcoin I like more. I know I should maybe sell but....

I am not arguing against it.

I like LTC too but I like BTC more and whenever I see good profit, I just want to take it. LTC will lose power against btc in the future, that's when you want to get back in.

My original plan was to hodl LTC too but, the money i used to purchase LTC can now buy twice as much BTC, i couldn't ignore that.

Sell price: 0.018147   let's see how it is going to play.

[Raja_MBZ]

Holy crap LTC/BTC is +%20. Dumping my fckin LTC too. This is a life time opportunity to get more BTC from alts probably.

Dumped my RVN from 1600sats and now its barely above 1000sats.

Feels good man.

Now its monero's turn.   I want a mega pump there too.

Not sure if I should sell my LTC before the halving. I need to think more about it.

https://github.com/litecoin-project

I honestly think that there's absolutely no reason to keep LTC in your portfolio. Even some of the 500+ rank coins (by marketcap) have way more Github activity than Litecoin. It might be old, might be very much decentralized, but IMO, if there're no further developments, then it deserves to die.

...just like Namecoin!

Oh wait, Namecoin is up over 20% today... DARN IT!

I want that correction! Buy order ready at $4600:

A suggestion:   Don’t use round numbers for your limit orders. Put it $20 or $30 above because if the price is going to bounce, it will bounce above $xx00.  If the prices touches $xx00 then it’s going to drop below that amount.

Nice idea!

[Febo]

Good lord...almost time for gentleman posts...

Roach post?

https://bitcointalk.org/index.php?topic=1200114.0



Or the original post:

https://bitcointalk.org/index.php?topic=12156.0

[Toxic2040]

I guess seeing pictures of big sexy hot bottoms will be an increasingly rare thing now  

I guess that depends on how you look at things.  

[JayJuanGee]

I want that correction! Buy order ready at $4600:

A suggestion:   Don’t use round numbers for your limit orders. Put it $20 or $30 above because if the price is going to bounce, it will bounce above $xx00.  If the prices touches $xx00 then it’s going to drop below that amount.

It could eat though half the wall at $4600 and not drop below, but then your order depends on which of the $4600 orders are processed first by the exchange. at $4601 yours should be processed before all the $4600 orders.

Hairy is correct, as seems to be a frequent pattern in recent times with these price and practice matters.

In sum, best practice is that you should be setting your buy orders a bit higher than the round numbers and also your sell orders a bit lower than the round numbers.  

When you assert that price might possibly do x, y or z and half way eat through such round numbers blah blah blah.. you are being both intellectually lazy and likely more greedy than you need to be.    The odds are against you, too, especially if you look at how the BTC price usually behaves and even if you want to attempt to rationalize away your bad practice(s), seeming laziness and lack of desire to improve your approach.  

[jbreher]

Except, of course, that exchange trades are an example of Layer 2 trades. I'm not making an argument, I'm answering your question. You asked what Layer 2 solutions existed for the other forks of Bitcoin, so for the sake of answering your explicit question...

Chicken Egg problem. What came first. The money or the bank. I do not respect your answer. Do you like XRP too ?

'Respect my answer'? Get the fuck out of here with your 'respect'. You asked, I answered truthfully.

No, I don't like XRP. I don't particularly like exchanges either, though they do have their purposes. And one of those is as a Layer 2.

Lightning is replete with security tradeoffs. Worth it for some, intolerable for others.

Name one tradeoff worse than Layer 1.

The potential to have your funds stolen.

Near-instant? Statistically. Amazing the things that work with five-nine's determinism when blocks are big enough to swallow all transactions generated.

Gobbledygook. Senseless.

Your inability to grasp simple cause and effect concepts is duly noted.

BTC doesn't do this, with Lightning.

You are wrong. You try to be evil on Lightning, and counter party is fully rewarded and you lose everything. Incentive to play nice.

And now with the topic swerve. The quote above has to do with flawless subsecond execution of all desired economic txs. Which LN does not support. It may some day, though I doubt it.

I don't deny that LN provides and incentive to be honest. However, it also exposes the simple possibility to be dishonest. And the weaknesses under which such dishonesty will sometimes be rewarded.

Still unanswered: How LN is going to help when Layer 1 is already clogged to the point of uselessness.

Hyperbole.

Your inability to grasp simple cause and effect concepts is duly noted.