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

[HairyMaclairy]

Not sure who the hell could dare to short that at this stage!

Don’t short bull markets. You will, sooner or later, get smashed.  

If you have to use leverage (and you probably should not) long the dips.

[d_eddie]

at the end of the day 1 came out profitable!) Total 1/6)
For me the most important thing is that I recognized my mistakes! It costs a lot

I remember reading a blog of one very prominent trader (sorry, I forgot the linky).
He said:

1. if your last 4-5 trades went bad, become very defensive.

2. if your last 4-5 trades were profitable, become very aggressive.

I lost a large chunk of my trading equity in 2001-2002 since I only knew the bull market of 1997-2001 prior to that.
Nothing worked, but I kept 'buying the dip'.
It was a good lesson.

And good value for money is my guess: eventually in the green anyway, unless you sodl or got rekt.

Are you referring to this blog by any chance?
http://theimpatienttrader.blogspot.com/2011/10/things-ive-learned-after-15-years-of.html

Someone posted a link to it just a few days ago. I think it was Last of the V8s.

[gentlemand]

https://www.dailymail.co.uk/money/markets/article-7068219/Facebook-boss-Mark-Zuckerberg-secret-meeting-Banks-Mark-Carney.html
bit of twat on twat action there

https://davidgerard.co.uk/blockchain/2019/05/24/facebooks-globalcoin-why-are-they-doing-it-as-a-cryptocurrency/
solo twat makes some good points

it turns out that all the hard part is regulatory compliance.

Cor blimey. Coinbase starts foaming at the mouth and embarks on boning their customers if the Bitcoin price goes up by $500. How will they cope with entire continents?

I guess at least it's consistent business. That don't change that fact that it'll be a tidal wave of it.

[Lambie Slayer]

Tinfoil time(not really though bc this all could very well be true):

What if this megapump of the last few weeks has been Facebook secretly buying up mostly Bitcoin but also a basket of other major cryptos to create a buzz in Crypto as they start leaking out their Globalcoin plans.

Also adding to this pump would have been insiders aware of Facebooks impending plans and buying Bitcoin to profit from such big news for Crypto in general.

Facebook might also realize its Globalcoin plans will be immensely good for the bitcoin price(hint: it is  ) so it makes sense to buy Bitcoin in advance and they may have other reasons to want to acquire a large stack of Bitcoin due to their Shitcoin interests that I cant guess at at the moment.

Facebook is seeking partners in its Globalcoin endeavors and what better way to get major corps to sign on with them than to pump the price of major Cryptos as they are in talks, creating a fantastic buzz around the space and forcing CEO's to salivate at getting involved with a hot trend in hopes of making big announcements to pump their own stock and hit bonus targets.

TLDR, perhaps insiders really did know something all along, it just wasnt about Bakkt or an ETF. Perhaps Globalcoin is much more beneficial for Bitcoin than both of these combined.  



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[d_eddie]

Tinfoil time(not really though bc this all could very well be true):

What if this megapump of the last few weeks has been Facebook secretly buying up mostly Bitcoin but also a basket of other major cryptos to create a buzz in Crypto as they start leaking out their Globalcoin plans.

This is not so far fetched. I'd merit if I could. Have instead a tasty
+1 WOsMerit

[Toxic2040]

[HairyMaclairy]

at the end of the day 1 came out profitable!) Total 1/6)
For me the most important thing is that I recognized my mistakes! It costs a lot

I remember reading a blog of one very prominent trader (sorry, I forgot the linky).
He said:

1. if your last 4-5 trades went bad, become very defensive.

2. if your last 4-5 trades were profitable, become very aggressive.

I lost a large chunk of my trading equity in 2001-2002 since I only knew the bull market of 1997-2001 prior to that.
Nothing worked, but I kept 'buying the dip'.
It was a good lesson.

And good value for money is my guess: eventually in the green anyway, unless you sodl or got rekt.

Are you referring to this blog by any chance?
http://theimpatienttrader.blogspot.com/2011/10/things-ive-learned-after-15-years-of.html

Someone posted a link to it just a few days ago. I think it was Last of the V8s.

Yes Last of the V8s was the first to post that blog on the WO afaik.  I still think of it as the most important blog post I have ever read.

[Last of the V8s]

https://www.youtube.com/watch?v=gUv6ThFsNLg
BAN CRYPTOCURRENCY

[Last of the V8s]

Got that blog post from a trader who calls 100 coins 'a small position'.

[d_eddie]

at the end of the day 1 came out profitable!) Total 1/6)
For me the most important thing is that I recognized my mistakes! It costs a lot

I remember reading a blog of one very prominent trader (sorry, I forgot the linky).
He said:

1. if your last 4-5 trades went bad, become very defensive.

2. if your last 4-5 trades were profitable, become very aggressive.

I lost a large chunk of my trading equity in 2001-2002 since I only knew the bull market of 1997-2001 prior to that.
Nothing worked, but I kept 'buying the dip'.
It was a good lesson.

And good value for money is my guess: eventually in the green anyway, unless you sodl or got rekt.

Are you referring to this blog by any chance?
http://theimpatienttrader.blogspot.com/2011/10/things-ive-learned-after-15-years-of.html

Someone posted a link to it just a few days ago. I think it was Last of the V8s.

Yes Last of the V8s was the first to post that blog on the WO afaik.  I still think of it as the most important blog post I have ever read.

Golden* advice indeed. And distilled - not a single dud. Printing and taping near trading monitor advised.

* Use of the adjective golden in the traditional sense implies no endorsement of gold over BTC.

[Biodom]

at the end of the day 1 came out profitable!) Total 1/6)
For me the most important thing is that I recognized my mistakes! It costs a lot

I remember reading a blog of one very prominent trader (sorry, I forgot the linky).
He said:

1. if your last 4-5 trades went bad, become very defensive.

2. if your last 4-5 trades were profitable, become very aggressive.

I lost a large chunk of my trading equity in 2001-2002 since I only knew the bull market of 1997-2001 prior to that.
Nothing worked, but I kept 'buying the dip'.
It was a good lesson.

And good value for money is my guess: eventually in the green anyway, unless you sodl or got rekt.

Are you referring to this blog by any chance?
http://theimpatienttrader.blogspot.com/2011/10/things-ive-learned-after-15-years-of.html

Someone posted a link to it just a few days ago. I think it was Last of the V8s.

yeah, that one, thanks and same to LotV8 (for posting it).

[Last of the V8s]

^plaisir

What if this megapump of the last few weeks has been Facebook secretly buying up

What if it wasn't?
Even more bullish, no?

[Lambie Slayer]

^plaisir

What if this megapump of the last few weeks has been Facebook secretly buying up

What if it wasn't?
Even more bullish, no?

Yes, bc now Facebook will have to pay a higher price

It is in Facebooks interest to help keep this bull pumping at least until they have acquired all their partners and released Globalcoin. Its in their interest afterwards as well, but not as critical.

[Biodom]

Tinfoil time(not really though bc this all could very well be true):

What if this megapump of the last few weeks has been Facebook secretly buying up mostly Bitcoin but also a basket of other major cryptos to create a buzz in Crypto as they start leaking out their Globalcoin plans.

Also adding to this pump would have been insiders aware of Facebooks impending plans and buying Bitcoin to profit from such big news for Crypto in general.

Facebook might also realize its Globalcoin plans will be immensely good for the bitcoin price(hint: it is  )

I beg to differ: it is not good for bitcoin at all. It would have been if they used btc, of course.
Now, instead of talking about Bitcoin story, all mass media would keep talking about is how facebook is "improving" bitcoin.
In reality: what exactly would support this stable coin for millions of people to use? I don't think that banks would be happy with this.
And governments? This would essentially mean facebook minting currency, which they obviously can't.
One interesting side effect: this would either kill XRP completely or banksters would run to it in lieu of facebookcoin.

Here (replace E-coin with facebookcoin):
https://www.youtube.com/watch?v=1ee-cHbCI0s

[Last of the V8s]

https://www.youtube.com/watch?v=ubPhprQfQKE&feature=youtu.be&t=23566
Tone Vays and Roger Ver section of Malta Blockchain Summit 2019 - Live Stream

[Lambie Slayer]

Tinfoil time(not really though bc this all could very well be true):

What if this megapump of the last few weeks has been Facebook secretly buying up mostly Bitcoin but also a basket of other major cryptos to create a buzz in Crypto as they start leaking out their Globalcoin plans.

Also adding to this pump would have been insiders aware of Facebooks impending plans and buying Bitcoin to profit from such big news for Crypto in general.

Facebook might also realize its Globalcoin plans will be immensely good for the bitcoin price(hint: it is  )

I beg to differ: it is not good for bitcoin at all. It would have been if they used btc, of course.
Now, instead of talking about Bitcoin story, all mass media would keep talking about is how facebook is "improving" bitcoin.
In reality: what exactly would support this stable coin for millions of people to use? I don't think banks would be happy with this.
And governments? This would essentially mean facebook minting currency, which they obviously can't.
One interesting side effect: this would either kill XRP completely or banksters would run to it in lieu of facebookcoin.

I agree banks wont like it, but more so bc they will be worried(rightfully so) that it will bolster their real threat which is Bitcoin.

Onboarding millions or even billions into the Crypto ecosystem is a huge win, and that its being done by a stablecoin is an even bigger win. The shitcoin explosion onboarded tons of newbs into crypto and helped push Bitcoin to 20k. The people behind these shitcoins were mostly scammers with little resources other than the art of buzzwordery. These coins did compete w Bitcoin in a sense of people looking to make a profit might buy them instead of Bitcoin, but Bitcoin still benefited.

Fast forward to Globalcoin and the new Bitcoin Bull Market and we are dealing with a company bringing us newbs with resources and capabilities the prior shitcoin scammers could only dream of.

But what really makes this Uber Bullish for Bitcoin is that this new Globalcoin wont be a threat to Bitcoin in terms of people buying it instead of Bitcoin to make a profit, bc it will be a pegged stablecoin and no one will make a profit buying it, so the newbs who wanna make money(which is most of them) will buy Bitcoin instead.

I hadnt thought about XRP getting killed, this is a good point, and also beneficial to Bitcoin!

[jbreher]

All I see is the letter B and then a text that is not very specific, sorry.
Ah, after you added the note, I understand.

Thank God you finally got it LOL
Do you spend all your time only in the WO? Seems like you have no idea what is going on in the other boards LOL

There are no other boards. Only sources of yammering chaos and disinformation.

[jbreher]

Just consider the bitcasino one. 0.02BTC times 52 weeks and that 1.04BTC a year.

Sometimes I feel this urge to wear the WO hat but then again I tell myself every satoshi counts for the future and when it's free then just take it. I also feel honored to wear this sig by the way. I mean look at the campaign we are only five here. It's a privilege too.

Anyone comfortably placed in a decent campaign would be barking mad to give it up. In five or ten or more years from now people posting here will be vomiting in amazement at how much posting one's dick pics added up to.

Or, you know, you could spend the price of a good meal each week on Bitcoin, and maintain your self-respect.

[HairyMaclairy]

Got that blog post from a trader who calls 100 coins 'a small position'.

Litecoins right? 














Don’t answer that

[Lambie Slayer]

While I find the Globalcoin situation to be Uber BTCullish and a future key factor in our march to 100k, I do think that when the news is done leaking out that the insiders who bought will dump and cause a nasty correction.

This would take us to a lower high imo(no chance we go sub 3100, im thinking more like 4800-5500) and further cement the BTCull Market as intact and legit. It would give the Bearcucks like Vays and Jenks one last breath of hope that this Bull wont shatter their reps, then we march to 10k in the late fall and completely destroy any credibility bears like them have.

Perhaps Zuck wont let us fall below a certain price though.  The Zuck Put?

However I remain highly confident all roads lead to 100k, but we will have lots of fun, games, and tinfoil time on the way.