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

[Gyrsur]

got liquidated on testnet.bitmex.com because of my poor risk management. 

[1715502247]

1715502247

[JayJuanGee]

got liquidated on testnet.bitmex.com because of my poor risk management.  

We need d_eddie to slap you upside the head Gyrsur so you will start to follow his system.  Getting liquidated with relatively small price movements likely indicates that you are gambling too much with your BTC trading tactics (even if they are play ones).

[Gyrsur]

got liquidated on testnet.bitmex.com because of my poor risk management.  

We need d_eddie to slap you upside the head Gyrsur so you will start to follow his system.  Getting liquidated with relatively small price movements likely indicates that you are gambling too much with your trading tactics.

to be honest I had no risk management. just poor gambling as you said. like the average Joe on BitMEX which might be around 80% of all traders.

EDIT: Master Eddie's system is very sophisticated. to me it seems like a combination of rules, experience and gut instinct. not easy to learn neither easy to adopt into some code.

[Last of the V8s]

... Stop dumping fellas.

Personally, I am not dumping any fellas.
Are you implying, though, that it's raining men?

[Last of the V8s]

JSRAW congrats on hero status
richly deserved

[Last of the V8s]

hallelujah

[Gyrsur]

hallelujah

may I ask you to share with me some of the shit you're smoking? 

[Gyrsur]

New Plan: Dumping 50 BTC next time we cross $10k USD. Rick approved. He's nervous as well.

Fuck this action.

this is exactly what whales try to force the dump money to do even now at the 8k mark.

don't be the victim be the actor. refuse to be the victim always because it's not good for mentality health to get in this secondary position.

EDIT: sorry, mixed up decline and refuse  (not my mothertongue)

[LUCKMCFLY]

Precious metals have a reserve of value, but in this case silver has more Industrial use that the gold.

With the worldwide adoption of Bitcoin, I believe that things will change and will see Bitcoin much more valuable, since it would move large volumes of money in a very short time, this would expedite the purchase of raw materials, loans and capitalization of Industries.

Bitcoin’s price appears to follow a fractal pattern of increasing magnitude, where each iteration of the fractal matches the classic shape of a Gartner hype cycle.

Source: https://medium.com/@vijayboyapati/the-bullish-case-for-bitcoin-part-3-of-4-2e2c002593f1

[Gyrsur]

triple bottom today?

[UnDerDoG81]

via Imgflip Meme Generator

Btw..... one of my best friends is a salesman for BMW, yesterday they had an inspection, they asked where is the gender-neutral restroom......
They didn’t have one.... the guy said better provide one it will be obligated!

Where the F*** are we going at 

It's just (one) result of sick human minds.
Bad news is, we all have this sickness, buddhists call this part of our mind "the ego", which makes us vulnerable to hysteria.
If we continue like that, crippling common sense, we will end up pretty bad as society.

All I need is a few million bucks so I get to choose my own society of healthy people.

Poor fucks will have to interact with those sick people every day, like I have been doing for nearly 10 years...

In Thailand the roles seem still intact. Men make money and bring food home, women take care of children and cook. When I will be rich one day I think Thailand could be a nice place to live.

[HI-TEC99]

New Plan: Dumping 50 BTC next time we cross $10k USD. Rick approved. He's nervous as well.

Fuck this action.

this is exactly what whales try to force the dump money to do even now at the 8k mark.

don't be the victim be the actor. refuse to be the victim always because it's not good for mentality health to get in this secondary position.

EDIT: sorry, mixed up decline and refuse  (not my mothertongue)

Back in October 2014 a whale put up a 30000 Bitcoins sell wall at $300 on bitstamp. People were furiously dumping just below it, but it got eaten and a day later the price was far above $300.

Hodl, don't be the victim.

https://www.cnbc.com/2014/10/09/bitcoins-bearwhale-and-the-future-of-a-cryptocurrency.html

Here's what that wall did to the price (for a short time).



Here's the bear whale emerging.



And you can read the drama starting at this page.

https://bitcointalk.org/index.php?topic=178336.177100

[Searing]

via Imgflip Meme Generator

Btw..... one of my best friends is a salesman for BMW, yesterday they had an inspection, they asked where is the gender-neutral restroom......
They didn’t have one.... the guy said better provide one it will be obligated!

Where the F*** are we going at 

Actually, that might work out. Women's lines are always longer to the restroom at concerts and such. I'd rather chat them up in line instead anyway.

As for companies. Hey, only 1 restroom needed! All that $$ saved. Win/Win.

[El duderino_]

New Plan: Dumping 50 BTC next time we cross $10k USD. Rick approved. He's nervous as well.

Fuck this action.

this is exactly what whales try to force the dump money to do even now at the 8k mark.

don't be the victim be the actor. refuse to be the victim always because it's not good for mentality health to get in this secondary position.

EDIT: sorry, mixed up decline and refuse  (not my mothertongue)

BoB ain’t no dumper ......

[d_eddie]

Trading disclosure for peeps who are interested.

My short is very happy now! Unfortunately, I haven't managed to make it even with the long after yesterday's minidump. And I've been too timid in general. I should have made it much larger than the long - even double! With a tight stop on only half of it (evening it out with the long in case of a ramp up, but keeping it nicely plump if/while she kept going down). Well, hindsight is 20/20. I would have been even happier now, and I could have closed both positions with a net profit.

As it is now I'm still in the game, but it will take one more bounce up to make me whole - or some more risk on the short - which at this relatively low price, I'm unwilling to take.

[d_eddie]

@JSRAW Congrats man! Surprised to find out you actually weren't a hero member already - almost as it was with Hairy, who actually only became a hero when he was already nearly a legend in deed.

[JayJuanGee]

New Plan: Dumping 50 BTC next time we cross $10k USD. Rick approved. He's nervous as well.

Fuck this action.

this is exactly what whales try to force the dump money to do even now at the 8k mark.

don't be the victim be the actor. refuse to be the victim always because it's not good for mentality health to get in this secondary position.

EDIT: sorry, mixed up decline and refuse  (not my mothertongue)

Exactly!!!!!

Plans to cash out BTC should be more strategic and incremental and account for likely BTC rises in the next 2 to 6 years rather than based on fears and emotional concerns about downside potential that is NOT as likely as the FUD spreaders are making it out to be. 


But whatever guys are going to do what they are going to do, and since Bob has previously presented some of his actual numbers, rather than percentages, I would imagine that 50BTC is around 1/8 or more of Bob's BTC stash... so seems to me to be a bit emotionally based to be cashing out so large of a percentage of his stash based on little blips up in BTC's price and seemingly over concernedness about BTC possible downside, which is likely more of a shortterm thing and NOT as likely as mainstream media FUD would like us to believe.

[d_eddie]

@Bawb

Not my business, man, but... consider what ignored JJG has to say: Cash it out a little at a time, like in 2-4 chunks - especially if you don't actually need all the money at once.

New Plan: Dumping 50 BTC next time we cross $10k USD. Rick approved. He's nervous as well.

Fuck this action.

this is exactly what whales try to force the dump money to do even now at the 8k mark.

don't be the victim be the actor. refuse to be the victim always because it's not good for mentality health to get in this secondary position.

EDIT: sorry, mixed up decline and refuse  (not my mothertongue)

Exactly!!!!!

Plans to cash out BTC should be more strategic and incremental and account for likely BTC rises in the next 2 to 6 years rather than based on fears and emotional concerns about downside potential that is NOT as likely as the FUD spreaders are making it out to be. 


But whatever guys are going to do what they are going to do, and since Bob has previously presented some of his actual numbers, rather than percentages, I would imagine that 50BTC is around 1/8 or more of Bob's BTC stash... so seems to me to be a bit emotionally based to be cashing out so large of a percentage of his stash based on little blips up in BTC's price and seemingly over concernedness about BTC possible downside, which is likely more of a shortterm thing and NOT as likely as mainstream media FUD would like us to believe.

[mindrust]

via Imgflip Meme Generator

Btw..... one of my best friends is a salesman for BMW, yesterday they had an inspection, they asked where is the gender-neutral restroom......
They didn’t have one.... the guy said better provide one it will be obligated!

Where the F*** are we going at  

It's just (one) result of sick human minds.
Bad news is, we all have this sickness, buddhists call this part of our mind "the ego", which makes us vulnerable to hysteria.
If we continue like that, crippling common sense, we will end up pretty bad as society.

All I need is a few million bucks so I get to choose my own society of healthy people.

Poor fucks will have to interact with those sick people every day, like I have been doing for nearly 10 years...

In Thailand the roles seem still intact. Men make money and bring food home, women take care of children and cook. When I will be rich one day I think Thailand could be a nice place to live.

Bruh...Haven't you heard? in Thailand half of the female population are former males.

Everytime I think about Thailand, Only this fact comes to my mind.

The only place I'd like to spend the rest of my life is... I believe it is Spain. Mediterranean country, no sharks in the sea, as far as I've seen; not many weirdos there, the girls are friendly too.

I don't want to be rude to the Thai people but, Thailand... suck.

[LFC_Bitcoin]

Just reading on Twitter that one of the largest child porn rings in the world spanning 11 countries has been taken down. Access was via bitcoin on the darkweb.

Maybe a reason for the slight dump?



Edit - Found a more informative link - https://twitter.com/coindesk/status/1184490895439093761?s=21

Edit 2 - Fucking hell, that’s bad. 32 kids were rescued, they were being abused by creeps using this site operated by a South Korean guy.