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

[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.  

[d_eddie]

  indeed, my 15k hat feels so uncomfortable... I feel like changing it at times but I'm afraid it will capitulate the price to new lows, so I'm taking one for the team.

[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.

Where the fuck is $15k?  Wasn't your gang 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.   

 How soon we forget!  We took it to over 13K with that hat and we asked more people to wear it but did they?  No, they did not.  I think d_eddie was the only other member to wear one.  Geez, do you think the hats are self-powered?

[sujonali1819]

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?

Just reached the support level on the 4-hour chart and trying to move up a little bit. And if it will touch the 8400 levels and will be crossed completely then we can see $9000 very quickly.

[mindrust]

You guys know what's next after (if) we take back 200DMA, do you?  

[xhomerx10]

indeed, my 15k hat feels so uncomfortable... I feel like changing it at times but I'm afraid it will capitulate the price to new lows, so I'm taking one for the team.

 Thank you d_eddie!  We appreciate your hard work and dedication.  Stay focused.   

[JayJuanGee]

You guys know what's next after (if) we take back 200DMA, do you?  

No.

[xhomerx10]

You guys know what's next after (if) we take back 200DMA, do you?  

 Golden cross!

edit: ?

 ?

[bkbirge]

You guys know what's next after (if) we take back 200DMA, do you?  

Whisky sours?

[JayJuanGee]

You guys know what's next after (if) we take back 200DMA, do you?  

No.

Sad. I guess I'll keep it to myself.

Yeah.  You can tell us, after "it" happens, then for sure you would have been correct.   

[BitcoinGirl.Club]

Good morning!
I guess we are moving now. Observing at $ 8,242

[Icygreen]

Whelp, vodka # 6

Drinking on a monday morning?  

Technically yes but only the wee hours, and now just waking up from a Wodka slumber, Polish pronunciation
Checks price to see how much value that drunken but heartfelt trade has cost me.    looks at bottle of frosty Wodka again,     Just you and me baby!



 

[bkbirge]

Part of an article where a fund manager is going over his yearly gains, he is thinking stocks may already be in a bear market...
https://seekingalpha.com/article/4295434-s-and-p-500-calm-storm

Now, we have accumulated a sizable Bitcoin and digital asset position, which may seem excessive to some people. However, this is the future of currency, and digital store of value. I view Bitcoin and other systemically important coins as enterprises and not just currency/payment systems.

[d_eddie]

indeed, my 15k hat feels so uncomfortable... I feel like changing it at times but I'm afraid it will capitulate the price to new lows, so I'm taking one for the team.

 Thank you d_eddie!  We appreciate your hard work and dedication.  Stay focused.   

I don't want to get lovey-dovey... but thank you for the fancy hats! I can't wait to see how hard it will be to fit 6 digits in there.  

[xhomerx10]

Whelp, vodka # 6

Drinking on a monday morning?  

Technically yes but only the wee hours, and now just waking up from a Wodka slumber, Polish pronunciation
Checks price to see how much value that drunken but heartfelt trade has cost me.    looks at bottle of frosty Wodka again,     Just you and me baby!

 Oooh so frosty!  Nice.

[d_eddie]

By the way, what's with the strange 1.14 l format?