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

[d_eddie]

I'm pleased to see so many fellow observers acknowledged my checkout post. Thanks guys!

At the moment I'm in a bit of a dilemma. I've got a double position as I often do. A long, in the green, and a much smaller short (size is about 20% of the long), in the red. Overall at the moment I'm profiting about 1.5% of the play stash. The dilemma is: close everything or just let it run?

I'm not afraid of the long being liquidated: that would take an apocalypse (under 4k as it is now). The short is so underleveraged it can't actually be liquidated. I've set stops to close the short in profit if it dips, even a slight correction would do.  So the long is safe even if she goes lower than my conservative estimate, since closing the short would boost my margin. If she goes UP UP UP, I will keep profiting with a slight 20% handicap because of the short. The issue is I don't want to miss out on a potential 12k+ run if it happens in these 3-4 weeks.

What would you do if you were in my shoes?

[fillippone]

I'm pleased to see so many fellow observers acknowledged my checkout post. Thanks guys!

At the moment I'm in a bit of a dilemma. I've got a double position as I often do. A long, in the green, and a much smaller short (size is about 20% of the long), in the red. Overall at the moment I'm profiting about 1% of the play stash. The dilemma is: close everything or just let it run?

I'm not afraid of the long being liquidated: that would take an apocalypse (under 4k as it is now). The short is so underleveraged it can't actually be liquidated. I've set stops to close the short in profit if it dips, even a slight correction would do.  So the long is safe even if she goes lower than my conservative estimate, since closing the short would boost my margin. If she goes UP UP UP, I will keep profiting with a slight 20% handicap because of the short.

What would you do if you were in my shoes?

Since you are going on holiday for a considerable amount of trading time, I can't see any advantage having positions open.

1. You are a sitting duck. You are going to leave orders that are waiting to be triggered at the worst possible time.
2. You are on holiday. Open positions force you to constantly check market. And constantly checking market sadly worsens the enjoyment of such holidays.

Close everything.

[d_eddie]

You're right fillippone, that's the rational thing to do.
Pity because I'm decently set up if a big run up happens.
I've left similar situations open for one month already a couple of times, and it paid out both times.
But this time... uh, I must be getting old and wimpy.
Long already closed, waiting for a $2 dip to trigger closing the short too.


EDIT Reminder to self: observing 11672.

[JSRAW]

Eddie make sure to come back with some exciting stories as mic said :p enjoy and be safe bro!!

[d_eddie]

Thanks JSRAW! I'll do my best to come back with nice stories and bits - food porn in Mic's honor, maybe. And you, please, mind your digests. We've got to the point where we depend on them...  

Thanks fillippone, I just needed your nudge. Everything closed, 1.46% profit on the play stash. Could've been worse.  

Thanks bitcoin, be a good girl. Or be a bad girl. We still love you either way, and you know it!

[HairyMaclairy]

I'm pleased to see so many fellow observers acknowledged my checkout post. Thanks guys!

At the moment I'm in a bit of a dilemma. I've got a double position as I often do. A long, in the green, and a much smaller short (size is about 20% of the long), in the red. Overall at the moment I'm profiting about 1.5% of the play stash. The dilemma is: close everything or just let it run?

I'm not afraid of the long being liquidated: that would take an apocalypse (under 4k as it is now). The short is so underleveraged it can't actually be liquidated. I've set stops to close the short in profit if it dips, even a slight correction would do.  So the long is safe even if she goes lower than my conservative estimate, since closing the short would boost my margin. If she goes UP UP UP, I will keep profiting with a slight 20% handicap because of the short. The issue is I don't want to miss out on a potential 12k+ run if it happens in these 3-4 weeks.

What would you do if you were in my shoes?

Too late for the advice, but:

*set a scaled take profit on the short and leave it.
* let the long run until December 2019, and potentially longer

[d_eddie]

Too late for the advice, but:

*set a scaled take profit on the short and leave it.
* let the long run until December 2019, and potentially longer

Indeed, my daring half would have just LOVED to leave the long running until kingdom come (well, until end of year or earlier actually). A small FOMO condition. The short was too small to scale the profit taking: one order would have been fine - besides, I like to close shorts as soon as I can because they make me uncomfortable. But the long... the long...

Thanks for your advice, Hairy. The conservative choice has less glitter but more peace of mind while I'm out. But the entry point on that long was sweet indeed...  

[600watt]

I wonder: Would a Trezor survive liquid nitrogen?

Reason I'm asking is I think I might get my head frozen after all when I die. Tattoo "I have bitcoins", include a couple of Trezors in my mouth with a good PIN, and in a thousand years when Bitcoin is worth infinite amounts it would be a reasonable reward to dethaw my brain and put me on a top of line body.

Hm....

that is the future! everyone dying will put a btc address on his grave stone and pretend to have the keys "in his brain". future grave robbers will have fun trying to figure out who was genuine.

also: imagine the plebs trying this with IOTA. or Bcash/BSV 

[lightfoot]

I wonder: Would a Trezor survive liquid nitrogen?

Reason I'm asking is I think I might get my head frozen after all when I die. Tattoo "I have bitcoins", include a couple of Trezors in my mouth with a good PIN, and in a thousand years when Bitcoin is worth infinite amounts it would be a reasonable reward to dethaw my brain and put me on a top of line body.

Hm....

that is the future! everyone dying will put a btc address on his grave stone and pretend to have the keys "in his brain". future grave robbers will have fun trying to figure out who was genuine.

also: imagine the plebs trying this with IOTA. or Bcash/BSV 

Simple enough to verify: Just include the public address and a signed message saying "yeah, the one in the tank with the tattoo that says Roach sucks goat cocks". But that would be 30% of the bitcoin population here on Wall....

A simpler passphrase could be the answer. I remember you can make one with less then 20 something words, maybe a phrase that means a lot to you, smaller so you can have it in long term memory. Hm.....

If you tried to do this with Bcash, people in the future would use your head as a fucking frozen soccer ball.....

[fillippone]

You're right fillippone, that's the rational thing to do.
Pity because I'm decently set up if a big run up happens.
I've left similar situations open for one month already a couple of times, and it paid out both times.
But this time... uh, I must be getting old and wimpy.
Long already closed, waiting for a $2 dip to trigger closing the short too.

Every old trader I have known I’m my life was wimpy.
So if you want to be an old trader, yes, you have to be a little bit wimpy.
Maybe it’s a necessary attitude to be successful as a trader in the long run...

Thanks for your advice, Hairy. The conservative choice has less glitter but more peace of mind while I'm out. But the entry point on that long was sweet indeed...  

Peace of mind is highly underrated quality of every position

[Phil_S]

Thanks JSRAW! I'll do my best to come back with nice stories and bits - food porn in Mic's honor, maybe.

Take a street photo, we need another game!

[realr0ach]

@r0ach, what do you think of POMP ?

Anyone who tweets 40 times a day about digital shitcoins is an idiot scammer.  He's a retard carnival barker shill.  He doesn't talk about ANY other subject either.  It's just 24/7 overload of shitcoin scams.  Who gives a flying fuck about digital shitcoins while the Jews are running false flags trying to repeal the 2nd amendment?  There could be 50 nuclear bombs going off and this idiot would be talking about Dogecoin pump and dumps.

[realr0ach]

Just in case anyone was wondering:

https://dailystormer.name/we-back-live-now-on-the-normal-net-nigga/

[Phil_S]

I want to see 12000 again.

In 1 hour.

[NeuroticFish]

I want to see 12000 again.

In 1 hour.

Although possibly for only seconds, you've just got that. And rather quick. The force is strong in your guardian angel.
I asked for more than a week to get Bitcoin back to over 10000 EUR during my holiday and it was not granted.

[UnDerDoG81]

I want to see 12000 again.

In 1 hour.

Whup that escalated quickly.

[bitcoinPsycho]

I want to see $13000 in one hour now

[_javi_]

I want to see 12000 again.

In 1 hour.

Wish granted

happy 12k, again.. and again

moonshot to 12100 as i write.. i hope this pump is not short lived (as this kind of movement usually is)

[Phil_S]

Nice! Very nice!

[hd49728]

I want to see 12000 again.

In 1 hour.

You have it, within less than 1 hour. $12060 observed, for now.