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

[jbreher]

oh nooooo

I think we are down to like 8 airworthy B17s now...

https://ichef.bbci.co.uk/news/660/cpsprodpb/16894/production/_109080329_capdfgertgwerture.jpg

That's a bloody shame.

I got a chance to ride on a B17G a couple years back.



Pic was taken sticking my head out a sizable hole in the top of the aircraft.

[jbreher]

I wonder what would happen to the price of Bitcoin once quantum computer technology advances. I suppose quantum miners would plummet the markets to the ground?  

Why would you think that?

[jbreher]

Is "Negotiation" a bot learning?

Seems to be a non-native english speaker, doing a word-by-word translation from his/her native language.

[d_eddie]

It's common for larger positioned traders to "hedge" their bets with longs and shorts both open simultaneously with stops in place so they catch the dominant trend move.

Some small fish also do this.

 The problem is whales know this and tend to play games with significant low time frame horizontal support/resis lines.  You'll see explosive moves up or down that end up retracing (like the well known "barts").  These moves end up hitting the stops of both longs/shorts before actually trending up or down.  Options are to set stops much further away, but the potential loss is greater also.

Indeed.

I'm not a huge fan of the system but then I'm no expert.

I'm no expert either, but the system does pay off with a little caution.

Have my last merit!

[El duderino_]

Is "Negotiation" a bot learning?

Seems to be a non-native english speaker, doing a word-by-word translation from his/her native language.

One day he will achieve to have a team.... helping out....

[Gyrsur]

I'm not a huge fan of the system but then I'm no expert.

I'm no expert either, but the system does pay off with a little caution.

really? may you care to explain, please?

EDIT: this WO thread is a time eater for sure! Damn!  

EDIT2: is rehab possible?

[jbreher]

Here we have it: scammer Vitalik finally admits ETH was never designed for scalability.

Poor bagholders believing in the narrative that ETH is a world super computer after all that time.

https://beincrypto.com/ethereum-founders-admit-never-designed-scalability/

'Fake it 'til you make it'? Say it ain't so, Gracie.

Color me astonished. Not.

[nutildah]

Is "Negotiation" a bot learning?

Seems to be a non-native english speaker, doing a word-by-word translation from his/her native language.

I surmise that he is a human emulating a neural network-based merit farming bot. He strings words together based on their likelihood of earning a merit, randomly adding and removing words here and there dependent on incoming data. Who knows, I might merit him someday. He's already sent me 2 so I can't be too hard on him. Only 68 to go before he gets that big Bitvest sig campaign promotion.

[El duderino_]

Recovery mode
Time to stabilize and pump
Bodypump less #NOW!!!

Time to sweat!!!!

[fillippone]

Hey guys, have you ever done some trading on both sides? That is, if you enter Long, do you protect your position in Short with some leverage? This Spanish-speaking Trader did it, the video is from 2018, but it seems to me that the adrenaline he feels is a lot! more when you do it with 100k!

https://talkimg.com/images/2023/05/16/blobc0d488f2793c6561.png
Source: https://www.youtube.com/watch?v=T7p5UTPNPIs&t=14s


As Jesse Livermore did, it is a way to always be in the market, no matter which direction you are going.

Do you think it is convenient to do it right now in the market? Since the price is expected to increase, but if it falls, protect your position.

Obviously, to do this you have to have a lot of experience and try to suppress emotions to the fullest.

it do not make sense to me. if I buy I expect the price to increase and if I short with leverage I expect the price to decrease.

if I buy one BTC and the same time I short BTC with leverage then if the price will increase my short will get liquidated soon depending on my leverage. if the price decreases my short will get in profit but then it was useless to buy BTC because better buy after the short was closed in profit.

Indeed that strategy has no meaning.
If I buy a bitcoin and then I short a bitcoin I am flat.
If I buy a bitcoin and then I short 2 bitcoin I am short 1 bitcoin (so why getting long a bitcoin in the first place?)
If I buy a bitcoin and then I shott  10 bitcoin I am short 9 bitcoin.... (again..)

This reasoning could be very different if there were options available to trade. But this is not the case.
I dismiss that video as bullshit.

[d_eddie]

I'm not a huge fan of the system but then I'm no expert.

I'm no expert either, but the system does pay off with a little caution.

really? may you care to explain, please?

This system can and does pay off. A couple ways it can:

- No need to close both positions at the same time! You could taper the losing one or close it abruptly if you're sure of the trend.

- Different size/different leverage for the two positions.

EDIT As an actual example, I have a long position still suffering. Alive, but not kicking. I opened a short and scalped it down, cashing out little bits and refreshing the short when the price bounced up. So my losses on the long are mitigated. In this case the short is smaller than the long, but it hasn't been like this every time.

EDIT: this WO thread is a time eater for sure! Damn!  

EDIT2: is rehab possible?

You could sell all your coins, so you'd stop wasting your time here.

Hm, on second though what if you become like r0ach and end up wasting even more time? As as added insult, you'd probably feel very very bad as a noob nocoiner.

Summing up, I have to admit I have no useful rehab suggestions. Sorry.

[jackbauercsgo]

Hey guys, have you ever done some trading on both sides? That is, if you enter Long, do you protect your position in Short with some leverage? This Spanish-speaking Trader did it, the video is from 2018, but it seems to me that the adrenaline he feels is a lot! more when you do it with 100k!

https://i.imgur.com/Xv1Vx5v.png
Source: https://www.youtube.com/watch?v=T7p5UTPNPIs&t=14s


As Jesse Livermore did, it is a way to always be in the market, no matter which direction you are going.

Do you think it is convenient to do it right now in the market? Since the price is expected to increase, but if it falls, protect your position.

Obviously, to do this you have to have a lot of experience and try to suppress emotions to the fullest.

it do not make sense to me. if I buy I expect the price to increase and if I short with leverage I expect the price to decrease.

if I buy one BTC and the same time I short BTC with leverage then if the price will increase my short will get liquidated soon depending on my leverage. if the price decreases my short will get in profit but then it was useless to buy BTC because better buy after the short was closed in profit.

Indeed that strategy has no meaning.
If I buy a bitcoin and then I short a bitcoin I am flat.
If I buy a bitcoin and then I short 2 bitcoin I am short 1 bitcoin (so why getting long a bitcoin in the first place?)
If I buy a bitcoin and then I shott  10 bitcoin I am short 9 bitcoin.... (again..)

This reasoning could be very different if there were options available to trade. But this is not the case.
I dismiss that video as bullshit.

It's just a way to manage consolidation areas and then play the breakout.  Most of these guys trade with leverage.  So a break out can result in a 10X return for a little risk.  Again, I don't do it but I understand how it works and what the draw is. 

[lightfoot]

Is "Negotiation" a bot learning?

Seems to be a non-native english speaker, doing a word-by-word translation from his/her native language.

One day he will achieve to have a team.... helping out....

I can see the nuances of the English language being a problem. Will keep that in mind as I fuck around on this forum.

[fillippone]

I'm not a huge fan of the system but then I'm no expert.

I'm no expert either, but the system does pay off with a little caution.

really? may you care to explain, please?

This system can and does pay off. A couple ways it can:

- No need to close both positions at the same time! You could taper the losing one or close it abruptly if you're sure of the trend.

- Different size/different leverage for the two positions.

Only way to decide to keep open a position is current Mark to Market, not inception or initial trade level.
 So I humbly disagree on this specific approach.

[fillippone]

Again, I don't do it but I understand how it works and what the draw is. 

Believe me I know how it works and having long and short positions doesn't help you with this, as the only way at looking it is doing all the sums and think like you have only one position.

[jbreher]

is this scenario, what most of you guys think?

What do I think? Delete the Ripple.

[LUCKMCFLY]

I'm not a huge fan of the system but then I'm no expert.

I'm no expert either, but the system does pay off with a little caution.

really? may you care to explain, please?

This system can and does pay off. A couple ways it can:

- No need to close both positions at the same time! You could taper the losing one or close it abruptly if you're sure of the trend.

- Different size/different leverage for the two positions.

EDIT: this WO thread is a time eater for sure! Damn!  

EDIT2: is rehab possible?

You could sell all your coins, so you'd stop wasting your time here.

Hm, on second though what if you become like r0ach and end up wasting even more time? As as added insult, you'd probably feel very very bad as a noob nocoiner.

Summing up, I have to admit I have no useful rehab suggestions. Sorry.

You are right, well, it is a system that can be safe if it is perfected with the experience, every time it is successful in trade it is because another lost the trade that he did, it is like trading with the money of others, since Everything is valid from the point of view of market speculation.

[HairyMaclairy]

One needs a good deal of darmklachten to put up with this verlakkerij.

Haha if someone knows what  V8 is meaning in here, would be impressive ......... Be quiet Hairy.

It takes a lot of stomach to put up with this cheater

Haha nice try, but couldn't be more wrong as that

Actually it was just something Hairy said to me and I google translate with ... Not everyone has your intestinal fortitude ---  Niet iedereen heeft je darmkracht

actually darmklachten = intestinal complaints....

I made a joke in Dutch.  I am excessively proud of this accomplishment.  

[JayJuanGee]

Hey guys, have you ever done some trading on both sides? That is, if you enter Long, do you protect your position in Short with some leverage? This Spanish-speaking Trader did it, the video is from 2018, but it seems to me that the adrenaline he feels is a lot! more when you do it with 100k!

https://i.imgur.com/Xv1Vx5v.png
Source: https://www.youtube.com/watch?v=T7p5UTPNPIs&t=14s


As Jesse Livermore did, it is a way to always be in the market, no matter which direction you are going.

Do you think it is convenient to do it right now in the market? Since the price is expected to increase, but if it falls, protect your position.

Obviously, to do this you have to have a lot of experience and try to suppress emotions to the fullest.

it do not make sense to me. if I buy I expect the price to increase and if I short with leverage I expect the price to decrease.

if I buy one BTC and the same time I short BTC with leverage then if the price will increase my short will get liquidated soon depending on my leverage. if the price decreases my short will get in profit but then it was useless to buy BTC because better buy after the short was closed in profit.

Indeed that strategy has no meaning.
If I buy a bitcoin and then I short a bitcoin I am flat.
If I buy a bitcoin and then I short 2 bitcoin I am short 1 bitcoin (so why getting long a bitcoin in the first place?)
If I buy a bitcoin and then I shott  10 bitcoin I am short 9 bitcoin.... (again..)

This reasoning could be very different if there were options available to trade. But this is not the case.
I dismiss that video as bullshit.

Of course, I don't short bitcoin, but I do sell small amounts of BTC on the way up.   It seems to me that shorting can be employed merely to amplify the system that I already employ; however, such amplification is not so great as to overwhelm the longs including either not using stops, or putting the stops out so far as to have less chances of being manipulated out of the position.

Accordingly, the longs might be something like 10 bitcoin, but the shorts would be less than 2 bitcoins and perhaps even frequently less than 1 bitcoin.  In other words, the shorts are just a small fraction of the longs, and end up providing a kind of insurance against the longs, even while, overall, it would be more profitable for the BTC price to go up, rather than down.   

So, because of dickering around with shorts, there is NOT as much profits from when BTC's price finally does go up, but at the same time, profits are made when BTC's price goes down in a much greater way than merely selling a few BTC on the way up and buying back at lower prices.

[d_eddie]

I'm not a huge fan of the system but then I'm no expert.

I'm no expert either, but the system does pay off with a little caution.

really? may you care to explain, please?

This system can and does pay off. A couple ways it can:

- No need to close both positions at the same time! You could taper the losing one or close it abruptly if you're sure of the trend.

- Different size/different leverage for the two positions.

Only way to decide to keep open a position is current Mark to Market, not inception or initial trade level.
 So I humbly disagree on this specific approach.

No need to be humble, since you probably know better than I.

In support of my stance:

- Mark to Market is a worse metric when the asset has strong volatility or is subject to the whim of sentiment. Which is the case for bitcoin.

- I let my long live because she will get back up there eventually! This might not be 100% rational, all right