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

[bkbirge]

You just need a piece of the trend, don't get greedy.

Simple bit of wisdom expressed with crystal clarity, love it.

[bitChipper]

This made me laugh. Good on ya. HODL   BTW congrats on becoming hero!

Thanks. I became hero just before the change. I post much less now, so no chance to get merit.

I have basically the same idea as LFC_Bitcoin, except I'm guessing he has more coins than me.

It’s all about having a nice fiat income so you can live nicely. The money we make from bitcoin can buy the real stuff, big house, holiday home etc.

I need a % of my bitcoin profits to work for me though - i.e. bring money in. Otherwise no matter how much you have you’re just spending bitcoin to live & I don’t want to do that.

I’ll sell about 6BTC at $25,000.
I’ll sell around 50% of my proper stash at $100,000 & invest that properly to make money.
I will then be in a position I never dreamed of until inheritance which will be a long time hopefully.

I owe bitcoin so much. It’s going to make so many of our dreams come true.

Better hope IRS doesn't see you're masterplan here. Yall know they will start coming after people in the coming years.

[JayJuanGee]

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

No need to worry guys (and gal).

Hold my beer.  I got this.

In other words, looks like jbreher has fallen completely under my spell.

In other words (am I running out of words, yet?), picnic jbreher won't be talking no more BIGBLOCKER, bcash pumping, bitcoin naysaying smack.

Thank me later.  

[bitserve]

Oh, are we poor again?

Blah, nevermind... maybe tomorrow or the next week.

As soon as the price stays above or near $10K I can laugh at whatever it does. Much lower than that and... I can do both crying and holding at the same time, so it's fine.

This price action is still surprising and unexpected to be honest. Completely out of schedule. It has ruined my accumulation plans though... well, first world problems I guess.

[Syke]

And the average home price there is $1.62 million! People are prepared to pay a lot to live in a city full of people just shitting wherever.

[JayJuanGee]

Oh, are we poor again?

Blah, nevermind... maybe tomorrow or the next week.

As soon as the price stays above or near $10K I can laugh at whatever it does.

This price action is still surprising and unexpected to be honest. Completely out of schedule. It has ruined my accumulation plans though... well, first world problems I guess.

Perhaps crying or a meme that says,

"my bitcoins are only worth 5% more than they were worth yesterday".....

[Torque]

WTH happened at Coinbase? I see they are back online now.

It's Deja Vu. A glitch in the matrix. It usually happens when they change something.

[jbreher]

WTH happened at Coinbase? I see they are back online now.

Pro never hiccupped. Not for me, anyhoo.

Meanwhile on cryptocurrency subreddit:

-This always happens!!

-Tried to cash in but no luck!!!!

-How convenient! It's almost like they know they can take your money and you have no recourse!!!

My condolences for those who got caught in it. All I can report is my own experience. In this case, pro.coinbase.com user nor affected. I offer no explanation. Maybe just because I was already logged in?

[JayJuanGee]

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.

You mean when your buddies get enough moola and resources together to make some kind of feigned (and likely unsuccessful or otherwise expensive) attempt at a spam attack?

[bitChipper]

WTH happened at Coinbase? I see they are back online now.

Pro never hiccupped. Not for me, anyhoo.

Meanwhile on cryptocurrency subreddit:

-This always happens!!

-Tried to cash in but no luck!!!!

-How convenient! It's almost like they know they can take your money and you have no recourse!!!

My condolences for those who got caught in it. All I can report is my own experience. In this case, pro.coinbase.com user nor affected. I offer no explanation. Maybe just because I was already logged in?

https://www.coindesk.com/coinbase-hit-with-outage-as-bitcoin-price-drops-1-8k-in-15-minutes

They don't say specifically if coinbase pro was affected or not but they do say that " it's internal systems appeared to be functional during that period".....

Not to put a tinfoil hat or anything but robinhood also experienced issues during this period, both coinbase and robinhood are us based exchanges, could it be possible that there are geopolitical forces that don't want or want these outages to restrict a certain market from selling? IDK

[jbreher]

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

No need to worry guys (and gal).

Hold my beer.  I got this.

In other words, looks like jbreher has fallen completely under my spell.

In other words (am I running out of words, yet?), picnic jbreher won't be talking no more BIGBLOCKER, bcash pumping, bitcoin naysaying smack.

J, you ignorant slut.

The fact that there are several things upon which we agree, as well as the fact that we can remain agreeable in the face of our philosophical differences, does not imply that said philosophical differences do not exist.

[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.

You mean when your buddies get enough moola and resources together to make some kind of feigned (and likely unsuccessful or otherwise expensive) attempt at a spam attack?

Or perhaps the stream blockers and the rest of the north core-ians come up with another "innovation" they want to poke through. Regardless, it's either an attack vector, or a mere point of weakness. Which of the two is kind of immaterial.

[jbreher]

WTH happened at Coinbase? I see they are back online now.

Pro never hiccupped. Not for me, anyhoo.

Meanwhile on cryptocurrency subreddit:

-This always happens!!

-Tried to cash in but no luck!!!!

-How convenient! It's almost like they know they can take your money and you have no recourse!!!

My condolences for those who got caught in it. All I can report is my own experience. In this case, pro.coinbase.com user nor affected. I offer no explanation. Maybe just because I was already logged in?

https://www.coindesk.com/coinbase-hit-with-outage-as-bitcoin-price-drops-1-8k-in-15-minutes

They don't say specifically if coinbase pro was affected or not but they do say that " it's internal systems appeared to be functional during that period".....

Not to put a tinfoil hat or anything but robinhood also experienced issues during this period, both coinbase and robinhood are us based exchanges, could it be possible that there are geopolitical forces that don't want or want these outages to restrict a certain market from selling? IDK

Hmmm. All I can report is that I was trading all the way through the underdamped step function. No issues other than cognitive overload trying to keep up.

[JayJuanGee]

But, surely his other statements can be considered comedic nonsense.  Does anyone with any kind of knowledge about bitcoin take "bitcoin is dead" statements seriously these days?

What, you mean we won't get those $10 bitcoins we were promised by economics professor Mark T. Williams?

You are not going to get bitcoins for three digits, either.  Sorry to inform you or anyone else waiting for "cheap" coins.

You heard it here, first.   

[vroom]

nice bounce, keep going!

[JayJuanGee]

Did we just lose 1k in 5 minutes ?

Easy come, easy go.

 

Meh.

Easy come easy go.

Wow.. I am like more than 2.5 hours late in my synchronized thinking (some might label it as copy cat.. hahahahaha).

[JayJuanGee]

Did we just lose 1k in 5 minutes ?

More

Is this the typical "someone sold a lot because it went up"? Or is this the typical "someone sold a lot to trigger stop-losses and buy it back later"? Or is this going to trigger my (wife's) Q2 prediction of $7800?

Hahahahahaha

Blame your inner bear on your wife... 

[jojo69]

underdamped step function

looks like too much stray inductance to me

[JayJuanGee]

Somehow it didn't feel as bad watching Bitcoin drop from 13700 to 11800 as it does from 220 to 160.  Odd

I think we'll be ok.

I wouldn't give a fuck if it dropped to $3k right now in this minute. I would just go all in.

I've seen this game too many times already, I know how it goes.

$3k is a bit much...

$7k would be drastic, and still bullish.

Dropping to $3k might take quite a bit of time to recover from something like that... I'm thinking.

[marcus_of_augustus]

fuck guys this WO place has gone to the shit ... I come back, only 14 pages to catch up on

- NO train memes .. i mean wtf?!

- NO rocket memes ... blah, w/e

- ONE measly fiddle without strings, basically no carolinas or even a solitary CCMF!!

JJG and bearshit arguing some arcane point

- $2000 drop in under 5 gets a yawn, no pants shitting or crying bitcoins only worth yesterday pic

place has gone to the dogs, honestly, pull your socks up or I'm pissing off.