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

[jojo69]

Not trying to spread FUD, I just want to make sure I understand any possible modern pitfalls.

[HI-TEC99]

So what is this I hear about horror stories of people making a test transaction out of a large old wallet only to fat finger the unspent change into an incompatible, unspendable address type??

You are probably best asking here.

https://bitcointalk.org/index.php?board=4.0

That board is full of technical experts.

[HI-TEC99]

Someone said it then got help to resolve it with a few steps. Non story?

Cool. I'm taking a long flight tomorrow so you've just provided my reading material.

Don't breath the air on the plane.

https://en.wikipedia.org/wiki/Aerotoxic_syndrome

https://www.ncbi.nlm.nih.gov/pubmed/24713335

[jbreher]

I hate to get you back "on topic" jbreher, but I would like to confess that I made a bit of a orderbook/laddering/incrementalism "screw up."  

I had some sell orders fill in around the $11,950 price area, so I was resetting my buy orders, and the price was around $11,867, but I was setting one of my buy orders to buy back some of my coins in the $11,200 arena, but instead of typing $11,200, I fat fingered it (typed $12,200), and I accidentally bought immediately at $11,867.  

I know it's fashionable to hate on Coinbase 'round these here parts, but Coinbase will not let you make an order that is on the wrong side of the market. Such as buys for more than market nor sells below market. Rather than rounding to market, it just refuses to book the trade. Has kept me from making similar mistakes in the past. Might be worth looking into.

Edit (21 minutes later):
Problem resolved.  Correction sell order filled.  I reset the correction sell order for $11,982-ish... because there was a little bit of a wall of coins at $11,984, so I wanted to make sure that my orders got filled, instead of getting stuck..... but either way the matter was resolved because the price went up beyond my amounts, and I was able to reset my buy orders back to the original intended amounts

Congrats.

I probably have told my coinbase woes in the past.  Anyhow coinbase was one of my first places to buy bitcoin, and surely I used their trading platform for years too.  About a year ago, those fucktwats froze my account would not really give me any explanation, so in essence I have been kicked off of their platform.  Yes, I am familiar with their fat finger protection algorithm, I had been saved by that a few times too, on that particular platform (in the past).

Is it my imagination or did I just actually read a civil exchange between yogi and JJG?

Of course. You are acting like you are new here, though I know you are not.

You goofball <-- semi obligatory JJG style taunt

[jbreher]

Wow, 5 min BTC/USD chart looks like an underdamped 2nd-order system response!

Should make some control engineers rich...

If you can work out the time constant...

[jbreher]

This is unsustainable. The price will be under $10k before the end of the year, and stay there until Libra takes over. Bitcoin is done. Short bitcoin.

Wa-ha! Wo-ho! Proudhon makes a fateful appearance, telling us we r doing it rong.

We can start going up in price now.

[UnDerDoG81]

+$2000 in 24 hours. Looks like these are the normal jumps we have to get adapdet to. Just when $100-$200  jumps were normal 2-3 years ago.

[VanguardVale]

Bitcoin broke the $12,000 level earlier today and has continued surging to trade at $13,252. Bitcoin gained over 16% on the day. Today, Bitcoin's market dominance climbed to over 60% for the first time since April 2017. Its recent rally has caused a stir in the crypto community wherein some of its players have made predictions on its further price dynamics. BTC prices could match its all-time high of $20,000 within the next two weeks and could hit $50,000 or $100,000 by the end of the year.

[El duderino_]

@bitebits, read PM

[Biodom]

So what is this I hear about horror stories of people making a test transaction out of a large old wallet only to fat finger the unspent change into an incompatible, unspendable address type??

Gis some background and context then.

https://news.bitcoin.com/everything-you-should-know-about-bitcoin-address-formats/

https://bitzuma.com/posts/five-ways-to-lose-money-with-bitcoin-change-addresses/

[Raja_MBZ]

https://twitter.com/CobraBitcoin/status/1143939324788072448

[jbreher]

I wonder how those who blamed bitcoin's drop in dominance on blocksize will care to explain its resurgence? 

The transaction backlog is not yet increasing exponentially. When the FOMO starts in earnest, Blockalypse II will be upon us. We'll talk again at that time.

[jojo69]

@bitebits, read PM

Have you checked when they last logged on?

Not everyone is like us...

[LFC_Bitcoin]

https://twitter.com/CobraBitcoin/status/1143939324788072448

Dunno if I agree with us being in a bubble. I haven’t seen bitcoin on mainstream news, nobody is talking about it, we’re not close to the ATH.

I’m hoping this is going to be ok.

[serveria.com]

I refreshed coinmarketcap and see Bitcoin way above $13k....what the heck!!!!!

Seems cool, but it will be below $10k again, and eventually below $1k again. We probably won't ever see the price above $15k, and almost certainly it will never create new ATHs. There are too many confirmed problems with bitcoin as I have verified over the years. China, Russia, and now Facebook, make it a near certainty. Shorting is wise, but not with too much leverage because bitcoin is unstable enough that random and irrational movements can wipe you out, but the downtrend to zero is definitely still on track if you just look at the data.

Y
lol i want some of what you are smoking!! :-D

Cmon gembitz vs proudhon epic fight lol! 

[FrodoBagHolder]

https://i.imgur.com/L7AOxOF.png

https://twitter.com/CobraBitcoin/status/1143939324788072448

Dunno if I agree with us being in a bubble. I haven’t seen bitcoin on mainstream news, nobody is talking about it, we’re not close to the ATH.

I’m hoping this is going to be ok.

Don't think we're even close to that level of mania we saw in 2017.  Haven't heard a peep from people not already paying attention.  This is going to be ok.

[gembitz]

I refreshed coinmarketcap and see Bitcoin way above $13k....what the heck!!!!!

Seems cool, but it will be below $10k again, and eventually below $1k again. We probably won't ever see the price above $15k, and almost certainly it will never create new ATHs. There are too many confirmed problems with bitcoin as I have verified over the years. China, Russia, and now Facebook, make it a near certainty. Shorting is wise, but not with too much leverage because bitcoin is unstable enough that random and irrational movements can wipe you out, but the downtrend to zero is definitely still on track if you just look at the data.

Y
lol i want some of what you are smoking!! :-D

Cmon gembitz vs proudhon epic fight lol!  

bitcoin is instantly heading up to 15K++    weeeeeeee

[Last of the V8s]

1 last hurdle at 13880 then the sky's the limit

[gembitz]

1 last hurdle at 13880 then the sky's the limit

buy the top^    #timberrrr

[Biodom]

Ahem...we pierced 61.8 Fib retracement, next stop 78.6%.
Not sure if to calculate from just the top ($19780) or from the prior move (1160 to 19780=18620 points).
If the latter, then it is $15795; if the former, then $15547.