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

[Raja_MBZ]

OUCH!

Why are you acting surprised when any fool can look at the charts and see every movement upwards from $4000 was a completely non-aggregate, cliff face rise manipulation originating from a single entity?  It was like a classic, textbook pump and dump ending with a double top.

I'm not surprised by this little correction. That "OUCH!" wasn't actually due to little BTC price dump, it was posted by me because I was reading the article Gold prices fall sharply after touching record high, silver follows suit, and though I don't own any Silver myself, I thought of someone (from this thread) who still owns old-fashioned, rustable metal. That "OUCH!" was for that guy. Poor soul. Not sure who still considers metals as a good investment in 2019, smh. Look at the YTD return of BTC vs. Silver.

About BTC, I've been saying it for weeks and I'll say it again that it's not easy to break $10,000 for good. We'll touch it, go above it for a while, and then keep returning to <$10k till we smash $15k and go beyond that. IMO, it'd take at least another month or two, as I still believe that we're following the (bullish and sideways) price actions of 2016, not the crazy price actions of 2017. Moreover, I agree that even at this stage, it's possible to manipulate bitcoin to some extent; however, with each passing day, it's becoming more and more difficult to manipulate it. Ultimately, we'll reach the point when it'll become impossible for anyone to manipulate bitcoin, and that includes Bitfinex/Tether. The market is maturing, and until it matures completely, I'm fine with these little manipulations. And yeah, if you think that bitcoin has been driven up by Tether injections, then you're surely forgetting the buzzword "Libra". I believe that to some extent, Suckerburg helped us in reversing the bearish trend of bitcoin.

[1715165874]

1715165874

[Amateur_]

I REGISTERED SPECIFICALLY TO PARTICIPATE IN THIS ABSOLUTELY BASED THREAD

[Hueristic]

I could sit here and watch this for some time

I like ice cream

I did.

And I don't like Ice Cream.

I can only think brain freeze!

So sad, that was my first thought as well.

She's no amateur.  

Brain froze years ago!

[Hueristic]

source: howmanyconfs.com

FYI, this is a worthless metric.

I REGISTERED SPECIFICALLY TO PARTICIPATE IN THIS ABSOLUTELY BASED THREAD

Did you mean "Biased"? Nice first post.

[JayJuanGee]

I usually do buys/sells by following the trend, not by some arbitrarily chosen number.

Based on the past several exchanges between you and me, we should have already figured out that we have differing ways of approaching our attempts to take advantage of near inevitable BTC price volatility.  You seem to attempt to predict way the fuck more than I do, but that's your choice, and if it is working for you, then that is the most important part.  I believe that my system works really well for me, and that is why I like to talk about it so much.   

By the way, even though I believe I know what you are trying to say about my supposed "arbitrarily chosen number," I would like to believe that my numbers are NOT arbitrarily chosen.  I do go through a bit of a process to select them and then revise them from time to time based on a variety of factors, but mostly I attempt to sell a round about quantity, such as 1% for every 10% that the BTC price goes up, but my increments of buying or selling are not 1% apart, but the amounts should add up to approximately selling 1% for every 10% that the BTC price goes up... sometimes I tweak that number a little bit too, so I believe that currently I am a little below 1%, but that is also currently how I am feeling  - which is largely bullish.

Regarding the buy back amounts, I try to get the quantity of my buy backs to go to the further place that I believe that the BTC price could reasonably go.. but I do tend to error a little bit on bullish expectations, so frequently the quantity of money that I will have to buy will go down a bit much when the BTC price drops to large extremes.... So I had to do some juggling when BTC prices dropped from $6k to $3k in November, and even though I have orders that are set down to below $4k, I surely will plan on doing some decent amount of rethinking of my views and the spread of my buy orders if BTC prices were to drop below $7k again... otherwise, they are sort of established currently to well below $4k with a decent amount in reserve that I could actually set if BTC prices were to go below $4k... .. fuck I hope not... but whatever, i am ready for that possibility even though currently I calculate the odds of below $4k to be decently low... .. probably in the less than 25% arena.

in a long run, though, all buys in btc below, say, 50K are going to be either spectacularly good or account zeroing ones.

I think that we largely agree on this part, but I still think that it is prudent to engage in these kinds of trading behaviors, just in case BTC's price does not go up as we expect.. or even prepare for possibilities that even in the long term it goes down rather than up.  I hope not, but still I believe that it is good to be prepared financially and psychologically..

The difference lies only in numbers of btc bought.
Personally, I am not buying here.

I already have plenty of BTC for up, and maybe that is part of the framework of our differing perspectives?  I feel that I have been stocked up for UP since about late 2014 - but I became way more comfortable in my BTC holdings by about early to mid 2017.. and a lot fewer feelings of worry about if I have enough BTC, just in case, x, y or z.. and perhaps part of that has to do with the quantity of my BTC and my expectations regarding my returns (which by then, BTC had way overshot even my minimum expectations).

I don't know.  I think that the punchline is that we continue to have decently differing perspectives, and even though my BTC price swings have been getting to be greater and greater, I still don't try to strategically time buys and sells as much as you seem to be doing; however, if BTC drops below $8500 or whatever is your price point, then maybe you will have profited more than me, even though I am way more comfortable with the system that I have already established for myself and I have been tweaking for almost 4 years now.

[jbreher]

I have been having some troubles with the seemingly cancelling of BTC buy/sell orders on one of my exchanges.

Either I don't put the BTC buy or sell order through properly, or sometimes such orders are cancelling before they execute/fill

Hmm.

If I were in your shoes, I'd determine definitively whether it was me or the exchange that was at fault. If the exchange (indeed), I'd move to an exchange that treated me better.

[Hueristic]

I remember a time of low 3 digits, where both advocates and trolls would laugh (heartily) on this very forum at the notion of Bitcoin hitting $10K, much less hovering there near a stable price. It seemed like a pipe dream to almost everyone.

Now it's here. In just a few years after. Which means that it's no only achievable to go much higher, but everyone has set their expectations way too low.

Sounds logical to me.

I have been having some troubles with the seemingly cancelling of BTC buy/sell orders on one of my exchanges.

Either I don't put the BTC buy or sell order through properly, or sometimes such orders are cancelling before they execute/fill

Hmm.

If I were in your shoes, I'd determine definitively whether it was me or the exchange that was at fault. If the exchange (indeed), I'd move to an exchange that treated me better.

Thx for quoting this , I had polo do this to me for 6 months, about a year before circle bought them, when I was margin trading and it was only when I made a winning bet a instant before the bots changed direction. I had the timing down pretty well and i guess they didn't like that.

Which exchange JJG?

[JayJuanGee]

I REGISTERED SPECIFICALLY TO PARTICIPATE IN THIS ABSOLUTELY BASED THREAD

Well, say something that is somewhat relevant then, besides your "hi" that does not even quite say "hi."

and you don't need to bold or capitalize in order to get our attention. 



If you post like an attention whore, then you probably will not receive a very decent welcome, but perhaps we will be able to give you a little bit of benefit of the doubt on your first post, perhaps?...

Maybe get started by telling us about your relationship, if any, with our lil fiend, bitcoin?

[xhomerx10]

 Where's Johnny?!



 Future POTUS goes dark yet again...

[JayJuanGee]

I could sit here and watch this for some time

I like ice cream

I did.

And I don't like Ice Cream.

I can only think brain freeze!

So sad, that was my first thought as well.

She's no amateur.  

Brain froze years ago!

That's the way we like em?

Personally, fun is good, but if there is nothing beyond fun or too much fun, then I might not be able to keep up.

[JayJuanGee]

I remember a time of low 3 digits, where both advocates and trolls would laugh (heartily) on this very forum at the notion of Bitcoin hitting $10K, much less hovering there near a stable price. It seemed like a pipe dream to almost everyone.

Now it's here. In just a few years after. Which means that it's no only achievable to go much higher, but everyone has set their expectations way too low.

Sounds logical to me.

I have been having some troubles with the seemingly cancelling of BTC buy/sell orders on one of my exchanges.

Either I don't put the BTC buy or sell order through properly, or sometimes such orders are cancelling before they execute/fill

Hmm.

If I were in your shoes, I'd determine definitively whether it was me or the exchange that was at fault. If the exchange (indeed), I'd move to an exchange that treated me better.

Thx for quoting this , I had polo do this to me for 6 months, about a year before circle bought them, when I was margin trading and it was only when I made a winning bet a instant before the bots changed direction. I had the timing down pretty well and i guess they didn't like that.

Which exchange JJG?

Just because of some things that have been going on, I am not going to disclose which exchange, and I don't really believe that the cancelling of my BTC orders is a BIG deal.... I have a variety of relatively small orders, and if I miss one or two, then frequently I can still reset them.  

My main point in bringing up that incident was to describe the context and to say why that I was in a position of having to reset some of my BTC buy orders.  

Furthermore, unlike what jbreher is trying to suggest with his high and mighty expectations of consumer power over exchanges, or liquidation options or whatever other point that he was making, sometimes there can be a few difficulties to vote with your feet in our current atmosphere, including the fact that some exchanges offer differing features, and there could be some reluctancies regarding setting up more and more accounts.  

Jbreher should know that as well as anyone when he is involved in variations of bcash which tend to be less liquid than BTC, but maybe he is just trying to assert that bcash is expanding and wanting to suggest that people involved in a variety of shitcoins, including bcash, have more trading platform options as compared with BTC?  

I will tell you one thing, I am not going to start to embrace a variety of shitcoins merely to improve my BTC liquidation options.  Getting involved in shitcoins in order to improve liquidation options involves additional risk with which I am NOT willing to experiment, especially when I am not overall dissatisfied with that particular exchange in which I had the cancellation issue.

[VB1001]

Senate Banking Committee to Hold Hearing on Crypto Regulation

The committee said in a press release that it would hold an open session titled “Examining Regulatory Frameworks for Digital Currencies and Blockchain” on July 30, though it is unclear if this would be a fact-finding mission or if any specific pieces of legislation would be discussed.

The hearing will be livestreamed.

https://www.coindesk.com/senate-banking-committee-to-hold-hearing-on-crypto-regulation-next-week

Noise, noise and more noise.

Good morning WO,s

[jojo69]

well...

they can hardly claim we are in an overheated bubble, so we got that going for us

[serveria.com]

Well so far it has bounced back up lively so I'm sure that will be the case this time too. We'll be back into 5 dig later today after this microdump. Keep calm and HODL! 

[Lambie Slayer]

well...

they can hardly claim we are in an overheated bubble, so we got that going for us

lol, true

https://www.youtube.com/watch?v=pipTwjwrQYQ

[fillippone]

Good morning WO!
Observing BTC@9695.
Bitcoin is dead!
Bitcoin is dead and wants to kill us!


A catastrphic study by IEA:

Bitcoin energy use - mined the gap

As the price of bitcoin skyrocketed in 2017, attention turned to the cryptocurrency’s energy and environmental footprint. High-profile news articles reported that electricity use of the bitcoin network had equalled that of medium-sized countries and was on track to consume as much electricity as the United States in 2019 and all of the world’s energy by 2020. A widely reported article in Nature Climate Change warned that Bitcoin emissions alone could push global warming above 2°C.

[jbreher]

I have been having some troubles with the seemingly cancelling of BTC buy/sell orders on one of my exchanges.

Either I don't put the BTC buy or sell order through properly, or sometimes such orders are cancelling before they execute/fill

Hmm.

If I were in your shoes, I'd determine definitively whether it was me or the exchange that was at fault. If the exchange (indeed), I'd move to an exchange that treated me better.

Thx for quoting this , I had polo do this to me for 6 months, about a year before circle bought them, when I was margin trading and it was only when I made a winning bet a instant before the bots changed direction. I had the timing down pretty well and i guess they didn't like that.

Which exchange JJG?

Just because of some things that have been going on, I am not going to disclose which exchange, and I don't really believe that the cancelling of my BTC orders is a BIG deal....

I disagree. Well, not about your right to non-disclosure, but of your willingness to let your exchange get away with screwing you.

sometimes there can be a few difficulties to vote with your feet in our current atmosphere, including the fact that some exchanges offer differing features, and there could be some reluctancies regarding setting up more and more accounts.

Battered spouse syndrome?

Jbreher should know that as well as anyone when he is involved in variations of bcash which tend to be less liquid than BTC, but maybe he is just trying to assert that bcash is expanding and wanting to suggest that people involved in a variety of shitcoins, including bcash, have more trading platform options as compared with BTC?

Not at all. I am just saying that such unilateral bad behavior (likely tacit evidence of front-running) should not be tolerated.

Whatevs, man. If'n you enjoy (figuratively) taking it up the rear, that's your choice.

[mindrust]

Just bought ze dip. (4 digits, couldn't resist) As I said I wouldn't be surprised if this goes to $7.5k or even below $7k for a short moment before making the huge jump.

Simiar events happened before the $20k ATH. 200DMA is the real solid support here. 50DMA is not.

[JayJuanGee]

I have been having some troubles with the seemingly cancelling of BTC buy/sell orders on one of my exchanges.

Either I don't put the BTC buy or sell order through properly, or sometimes such orders are cancelling before they execute/fill

Hmm.

If I were in your shoes, I'd determine definitively whether it was me or the exchange that was at fault. If the exchange (indeed), I'd move to an exchange that treated me better.

Thx for quoting this , I had polo do this to me for 6 months, about a year before circle bought them, when I was margin trading and it was only when I made a winning bet a instant before the bots changed direction. I had the timing down pretty well and i guess they didn't like that.

Which exchange JJG?

Just because of some things that have been going on, I am not going to disclose which exchange, and I don't really believe that the cancelling of my BTC orders is a BIG deal....

I disagree. Well, not about your right to non-disclosure, but of your willingness to let your exchange get away with screwing you.

Holy fuck.

Is this what I get for engaging with bcash pumpin shill trolls?

A bunch of assumptions regarding facts not in evidence.  I already told you that the issue is not as BIG as you are making it out to be, but you want to make the matter some kind of central theme just to stir more shit than necessary.

sometimes there can be a few difficulties to vote with your feet in our current atmosphere, including the fact that some exchanges offer differing features, and there could be some reluctancies regarding setting up more and more accounts.

Battered spouse syndrome?

Again, you are creating your question based on your own fabricated and exaggerated version of facts that are not in evidence... you diptwat.

Jbreher should know that as well as anyone when he is involved in variations of bcash which tend to be less liquid than BTC, but maybe he is just trying to assert that bcash is expanding and wanting to suggest that people involved in a variety of shitcoins, including bcash, have more trading platform options as compared with BTC?

Not at all. I am just saying that such unilateral bad behavior (likely tacit evidence of front-running) should not be tolerated.

Whatevs, man. If'n you enjoy (figuratively) taking it up the rear, that's your choice.

Oh gawd you are an exaggerator.. makes me want to repeat my above prayer:  Holy shit.

[El duderino_]

Augh. Watching this drop is depressing. Gonna tune out for a while and concentrate on healing/physio.

Fucking Bitcorn. Doesn't look like I'm helping Rick retire sooner, at this rate.

Sheeit. Just Goddamnit even.

Take care of your health !!!! We need you a lot and for a looooooo......ng period in this thread!

Make yourself a white russian relax and enjoy the fruits of life...



PS: retire plan still on a better path as few months back I guess