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

[yazher]

The price just slightly increases today Maybe this is the start of something feasing?

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[mindrust]

Infidels will suffer for not believing Asuka the prophet. Our salvation is arrives soon.

Observing $8200+

$100k next year, incoming

[becoin]

What you say sounds true if taken literally and out of context, but I know I consistently gained from this, at varying rates according to market volatility and predictability.

You've gained from this because price moves within range. If price gets on a trend you'll lose twice as much you've gained during the range trading. Holding both short and long positions is very expensive way to purchase adrenaline. Bungee jumping is much cheaper and will get you more adrenaline.

[xhomerx10]

^^ He is from Indian Subcontinent 

To his defense Indian subcontinent has more than 30 + official languages ( Main languages : Hindi, Urdu, Tamil, Punjabi, Bengali, Dari,Pashto, Sinhala,Gorkhali etc)  and not counting thousands of other dialects.

 I did investigate asian languages for the pronunciation of Vodka as well and half are pronounced Vodka (except where there is no vee sound and then it is replaced by a bee or a you sound).  The other half are using a word that sounds like arak... except for Armenian -oghi- which is just out there on its own - whichever Armenian coined that word must have had a very bad experience with Vodka.  In all honesty, I was just trying to be funny but I got a little carried away with my research.

[NeuroticFish]

Although the candles for the last hours really look nice, I start to miss the days of 10k. Any predictions on when will they be back (whether in the way to 100k or not yet)?



And about Vodka - I've seen that in Ukrainian it's "horilka". No. Bad translation imho.
In Romania, I've drank horinka: it's basically a different name for palinka and it's clearly not Vodka. Palinka (horinka) is double-distilled fruit brandy, usually 48-58% alcohol, vodka is distilled from cereals with only some 40% alcohol.

[d_eddie]

What you say sounds true if taken literally and out of context, but I know I consistently gained from this, at varying rates according to market volatility and predictability.

You've gained from this because price moves within range. If price gets on a trend you'll lose twice as much you've gained during the range trading. Holding both short and long positions is very expensive way to purchase adrenaline. Bungee jumping is much cheaper and will get you more adrenaline.

Even if price gets on a trend, it's never a one way march. There are bound to be waves on several time periods.

And I don't do it for the adrenaline. If I could kill the emotion factor altogether, I would. I started doing this as a hedge (to mitigate damage). I turned it into a ladder à la JJG/jbreher, only doubled: one up, one down. Now I don't want to run the negative ladder anymore, so it's morphed back into hedging when she goes down, so I get some relief with my long, which I will hopefully close in profit, or at least with a lesser loss than what I have gained scraping scalps on the short.

[bitcoinPsycho]

I bet it's his search history.

Why guess? See for yourself. Takes even less time than writing your insightful post.

guess != bet.
I'll send you a PM if i happen to find your sense of humor somewhere  

Pump up the jam, pump it up
While you feet are stompin'
...

Salt'n Pepa!!!
Thanks for refreshing these memories

Scraping around $8k again.

Salt n pepper no . It is Technotronic from Mic g's  home country

[becoin]

I started doing this as a hedge (to mitigate damage).

It is not a hedge and certainly you don't mitigate any damage!

Lets say you hold 5 bitcoins short and 7 bitcoins long positions. I hold 2 bitcoins long position. Price movement in either direction will bring both of us one and the same profit or loss. The only difference between us is that I pay rollover fee for 2 bitcoins while you pay rollover fees for 12 bitcoins.

[xhomerx10]

Although the candles for the last hours really look nice, I start to miss the days of 10k. Any predictions on when will they be back (whether in the way to 100k or not yet)?



And about Vodka - I've seen that in Ukrainian it's "horilka". No. Bad translation imho.
In Romania, I've drank horinka: it's basically a different name for palinka and it's clearly not Vodka. Palinka (horinka) is double-distilled fruit brandy, usually 48-58% alcohol, vodka is distilled from cereals with only some 40% alcohol.

 I've got a bottle of palinca de pruna from Emil Florescu - Comuna Cuca - Jud Arges which I still haven't tried.  I bought it for all of the medical benefits listed on their brochure - a balm for the heart - is what really sold me on it

[rdbase]

Price is going up nicely now over $8200.
Why the sudden burst up in the btc price any news which broke now since 12 hours ago where it stood at $7900?

[JayJuanGee]

Of course JayJuanGee is going to defend Bitfinex and the Tether scam because he knows not just Bitfinex, but Binance as well is exposed to enormous amounts of it and the Tether scam collapsing would implode the whole Bitcoin market.

Yes there is also Binance that uses Tether, which has been known for years and years and years (you acting like a dumb fuck revealing old news), and yes a "tether scam is going to bring down the whole bitcoin market" assertion has been out there for a long time.  Tether does seem to continue to have a pretty large role in the stable coin market, but as you likely also know, it is quite unlikely that a collapsing of tether would bring down the whole bitcoin market, even if such a tether collapsing scenario would be quite likely to have a short term affect on BTC prices, maybe even lasting 3 to 6 months. 

I doubt that honey badger (aka bitcoin, in case you doesn't know) gives too many shits about whether tether collapses or not, even if tether has provided some decent on and off (including transitionary) ramps for bitcoiners to trade, hold and to move around some of their bitcoin value in a way that has very much been tied to the US Dollar - which as we know is irritating as fuck to no coiners (like yourself), some government officials, traditional banks, alt coin pumpeners (even though several of the alts also have benefited quite a lot from liquidity provided by tether), and perhaps a few other bitcoin naysaying categories of peeps.   In other words, bitcoin remains quite fundamentally strong in spite of some possible attack point vectors with tether including that tether is much more centralized than bitcoin (and of course it does not have POW computing power like bitcoin that causes bitcoin to be a lot more difficult to attack in any kind of meaningful way).

[xhomerx10]

Price is going up nicely now over $8200.
Why the sudden burst up in the btc price any news which broke now since 12 hours ago where it stood at $7900?

 MicG and I donned the Vegeta hat.  Bitcoin value is powerless against it; price burst was inevitable.

[VB1001]

Tether

https://bitcointalk.org/index.php?topic=178336.msg52682327#msg52682327

[jojo69]

are the lambos back on again?

[JayJuanGee]

All of HairyMcLarry's posts for the past year straight revolve around the idea that the market is required to repeat the same nonsensical fractal over and over again.  What market on earth actually does that?  Pretty much none.  If this specific market in general actually functioned that way, everyone would be margin long on the same side of the trade and the market would catastrophically implode...because everyone is on the same side of the trade...and said fractal would then cease to exist.

Yes.  About a year and a half ago, pretty much Hairy admitted that he was relying on fractal comparisons, and surely I have been vocally critical of such fractal comparison reliances, even though they have largely been playing out - with, of course, some upwards deviation with our 3.5x outburst from April 1 to end of June, and currently what appears to be a return to the mean of the fractal... So whatever the fuck lack of comparison seems to still be working out in a very comparable way.


So, maybe there has never been such a system in the world, but who fucking cares?  It still has worked out quite well in bitcoin for a lot of us BTC HODLers and accumulators to be continuing to become richie and to increase our richness through the fact that BTC prices continue to go up in the longer term.. just like the silly fucking ass fractal comparisons seem to suggest.  Go figure?  

Now you roach, on the other hand, have had some mediocre gold price appreciation during this calendar year (which has gotten you all excited, and even a bit more cocky than usual), and maybe you should be taking advantage of that mediocre gold price appreciation and getting into a real future asset.. ie bitcoin?  dumb ass.

[JayJuanGee]

I bet it's his search history.

Why guess? See for yourself. Takes even less time than writing your insightful post.

guess != bet.
I'll send you a PM if i happen to find your sense of humor somewhere  

Pump up the jam, pump it up
While you feet are stompin'
...

Salt'n Pepa!!!
Thanks for refreshing these memories

Scraping around $8k again.

But... but... bear trolls promised "one last down before up"? When $6k? (not gonna happen)  

I'm not resting assured that this particular bottom is "in" for this particular correction (which is still $7,763  $7,714) until we go above $9k and even then, I am going to be a little jittery until we get back into the 5 digits.

[elrippos friend]

How are these fucktards at Bitfinex not in jail yet when the entire planet knows?

Seems that people are thinking this way 

[d_eddie]

I started doing this as a hedge (to mitigate damage).

It is not a hedge and certainly you don't mitigate any damage!

Lets say you hold 5 bitcoins short and 7 bitcoins long positions. I hold 2 bitcoins long position. Price movement in either direction will bring both of us one and the same profit or loss. The only difference between us is that I pay rollover fee for 2 bitcoins while you pay rollover fees for 12 bitcoins.

I see your point. It was made by fillippone just a few days ago. It is valid in certain conditions, but not in others.

Rollover fees depend on the exchange. They could be null. There could be an advantage using limits order (gaining a small fee). There could be funding (interest) paid to those who have open positions on a certain side by those on the opposite side. It all adds up and can be used to our advantage, but it's not an inherent property of this system. That's why I'm keeping these accessory costs or benefits out of the equation.

Maybe it all boils down to whether we consider unrealized P&L as real. I don't: it ain't over until the fat lady sings - that is, until I choose to close a position. Can you see the time factor advantage that is gained? Imagine she goes up and down just as she likes to do. When she goes down I cash out the short (and/or increase the long with a better entry), when she goes up I cash out the long (and/or increase the short with a better entry). Whenever I'm above parity I can choose to end the game and close both positions together, or taper one while the other improves, or whatever my SOMA analysis suggests. I can't do that if I only hold one side.

I've asked for collective help in wrapping up these concepts in a solid framework, but there are no takers yet. All I know is I've managed to nurse a thin stream of income even during bear moves or bear markets. At the moment, I can lose all my play stash and I'll stay in overall profit. Did I just get lucky? It might be, but it's too consistent IMHO. It looks unlikely.

[BlindMayorBitcorn]

[JayJuanGee]

Price is going up nicely now over $8200.
Why the sudden burst up in the btc price any news which broke now since 12 hours ago where it stood at $7900?

 MicG and I ("no homo"?) donned the Vegeta hat.  Bitcoin value is powerless against it; price burst was inevitable.

Where the fuck is $15k?  Wasn't "your" lil gang (hopefully "no homo" but I'm not sure since you did not say it in your earlier post--- I put a little FTFY hint up there)  wearing the $15k hat for a considerable amount of time, even just recently?

That did not seem to work out too well for BTC prices.