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

[Icygreen]

Wow, what a ride, $6785 bottom today!   Its like that moment you'd lose your breath on a rollercoster dive,  love it and hate it, want it to end but still want more.  
Feels good to be alive.  Front row seats in the worlds most exciting market.  

Fully expecting a game of chicken with the long term trend line soon and maybe even a spot below for awhile, get ready.

[AlcoHoDL]

I see some people bought a little early and missed the deeper dip, and are now a little grumpy, angry and frustrated.

I did even worse. Bought one whole coin @ $8300 about a month ago.

I felt angry and frustrated too. And then I checked my TREZOR, viewed my balance and calculated how many times I've multiplied my total investment. My anger and frustration was instantly cured.

Going for a beer now, happy as can be. Let the fucker drop... I don't care. In a year or two from now we'll all be laughing... And the joke will be on those that sold...and those that waited to buy but never did...

This is fine.

[El duderino_]

via Imgflip Meme Generator

This HAT is traveling fast, nice to see

[P_Shep]

This is fine.

[xhomerx10]

Happy birthday to you!
Happy birthday to you!
Happy birthday dear bitcointalk.org...



avatar-sized



Happy birthday to yooooooooou!


edit: missed it by 12 minutes 

[LFC_Bitcoin]

Are the weak hands out yet?

Price rising....$7,329

[lightfoot]

Note to self: Be careful what you wish for....

[HairyMaclairy]

Bridgewater putting on $1.5B option trade betting on market decline by March 2020.

https://www.wsj.com/articles/bridgewater-bets-big-on-market-drop-11574418601?redirect=amp#click=https://t.co/xyiKN6jA3v

There is a paywall on that article, so I am posting another link here:

Bridgewater bets more than 1 billion on global equity pullback by March

The key takeaway is the following:

Bridgewater paid roughly $1.5 billion for the options contracts, or just about 1% of the Westport, Conn., firm’s $150 billion in assets under management, according to people familiar with the matter.

This means they bought a lottery ticket, paying 1.5 Billion, to hedge their long exposure of 150 Billions with a short one of around 100 billion (this is something I read elsewhere behind other paywalls, so you have to trust me).  This 100 billion short insurance will be effective at lower market level.
So, probably, it is only a way to avoid too heavy losses in case of a significant drop in the market.

It’s a good move.  If the market crashes they win.  If the market rallies they win.

If the market stays flat, they lose a small amount. But it seems unlikely to stay flat.

[HairyMaclairy]

Are the weak hands out yet?

Price rising....$7,329

My TA says we need to suffer for a while longer. 

[LFC_Bitcoin]

Are the weak hands out yet?

Price rising....$7,329

My TA says we need to suffer for a while longer. 

Damn it HM, wellI bought quite a lot this week. I’m out powder until mid next week.

[Biodom]

Bridgewater putting on $1.5B option trade betting on market decline by March 2020.

https://www.wsj.com/articles/bridgewater-bets-big-on-market-drop-11574418601?redirect=amp#click=https://t.co/xyiKN6jA3v

There is a paywall on that article, so I am posting another link here:

Bridgewater bets more than 1 billion on global equity pullback by March

The key takeaway is the following:

Bridgewater paid roughly $1.5 billion for the options contracts, or just about 1% of the Westport, Conn., firm’s $150 billion in assets under management, according to people familiar with the matter.

This means they bought a lottery ticket, paying 1.5 Billion, to hedge their long exposure of 150 Billions with a short one of around 100 billion (this is something I read elsewhere behind other paywalls, so you have to trust me).  This 100 billion short insurance will be effective at lower market level.
So, probably, it is only a way to avoid too heavy losses in case of a significant drop in the market.

Yes, that's just hedging.
I would be much more interested in knowing what Universa is up to.

[becoin]

Who sold at the bottom? Thanks for the cheap coins!

[El duderino_]

Happy birthday to you!
Happy birthday to you!
Happy birthday dear bitcointalk.org...



avatar-sized



Happy birthday to yooooooooou!


edit: missed it by 12 minutes 

https://bitcointalk.org/index.php?topic=5203697.0

It’s very appropriate for here

[Indymoney]

Happy birthday to you!
Happy birthday to you!
Happy birthday dear bitcointalk.org...



avatar-sized



Happy birthday to yooooooooou!


edit: missed it by 12 minutes 

Very nice love to be have this but cannot affored  

[El duderino_]

Who sold at the bottom? Thanks for the cheap coins!

For me you are one of my favorite bulls sir ..... glad to be posting in the same thread with you!

[El duderino_]

Happy birthday to you!
Happy birthday to you!
Happy birthday dear bitcointalk.org...



avatar-sized



Happy birthday to yooooooooou!


edit: missed it by 12 minutes 

Very nice love to be have this but cannot affored  

Write us some good stuff and you will be wearing one faster as you think

[Indymoney]

Happy birthday to you!
Happy birthday to you!
Happy birthday dear bitcointalk.org...



avatar-sized



Happy birthday to yooooooooou!


edit: missed it by 12 minutes 

Very nice love to be have this but cannot affored  

Write us some good stuff and you will be wearing one faster as you think

Good point now trying to involve too much for this cap as its touching my heart 

[gembitz]

$7500 dry powderrrrr boom!! :-D gogogo

[vroom]

$7500 dry powderrrrr boom!! :-D gogogo

no weeee? Who are you and what did you do with gembitz?

[Indymoney]

$7500 dry powderrrrr boom!! :-D gogogo