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

[Biodom]

...If the latecomers play their cards right they'll have an opportunity to increase their btc stash by %200 - %500. All it takes is shorting the parabolic at the right time.

Well, this is definitely easier being said then done.
You would have to short with a large margin, which could be absolutely disastrous if turning against you.
I wouldn't even try this shtick.

[mindrust]

Looks like everybody here who properly invested in bitcoin before 2017 have around at least 50 and possibly closer to 100 btc while other late people who started to accumulate after 2017 have something between 5 and 15.

Makes sense since btc is now at x10 of the 2014's ATH.

Being early pays.

*pussies who stare at their monitors but never buy will never get close to these levels

If the latecomers play their cards right they'll have an opportunity to increase their btc stash by %200 - %500. All it takes is shorting the parabolic at the right time.

I agreed with you until you got to the last paragraph.

When you say shorting, you are NOT really saying shorting are you?, but instead you are suggesting closing a long (by selling) and then buying back lower, right?

Of course, I personally don't really agree with playing around very BIG with those kinds of strategies that attempt to time the market and figuring when to get back in, and even though closing longs and buying back lower would be safer than shorting, I suppose that they are similar concepts depending on whether margin is used.  

If you use margin, then of course, you would be shorting in the traditional sense of the term, but also risking losing all of the BTC that you accumulated if the price moves against you, meaning continues to go up.

Of course. I never did a leveraged trade in my life. Shorting means selling on spot for me. It was a figure of speech. Probably shouldn't have used it like that.

You know how parabolic moves happen. They happen in a very short time scale very fast.

It would be dumb not to take action against a movement like this. You also should never sell if it is going up slowly. (unless you don't need to hodl anymore lol)

[VB1001]

Yes, and we have to do it often, the treatment is for life.

[mindrust]

In hindsight I know it doesn't matter what I'll say anymore since it already happened but while It was happening in Dec 2017, I knew that it was going to go down soon.

I showed the parabolic graph to my dad, he said: "Get the fuck out now" Didn't listen. I replied: "Nah, I am a hodler." Actually I was afraid to make a move. That's why I started to DCA anyway. Then later on in 2018 or 2019, I did some successful alt trades and "shorted" them exactly at the top of their parabolic moves. (Didn't buy back though, kept the BTC instead.)

I believe I am ready for the big ride now.


https://www.youtube.com/watch?v=u-fabeNWc5U

[OutOfMemory]

Yes, and we have to do it often, the treatment is for life.

Yeah, and why should we let the neighbor's wife die, too?

[Lambie Slayer]

Yes, and we have to do it often, the treatment is for life.

Yeah, and why should we let the neighbor's wife die, too?

All for science.

[El duderino_]

Nooooo please, after a early HODLsleep .... waking up with 3-4 pages of that kind of long texts 

[BitcoinGirl.Club]

@BitcoinGirl.Club / Pamoldar : Bhai, I am catching up with my backlog as well. You can skip pages, no one going to notice. 

That's what I did but my eyes were hurting after seeing wall of texts from JJG. Not anything new from him but this time it seems he is in steroid 😜

I am out of sMerit brother @JJG

[BitcoinGirl.Club]

Nooooo please, after a early HODLsleep .... waking up with 3-4 pages of that kind of long texts 

And yesterday I woke up with over 90 pages of backlog.

[serveria.com]

Nooooo please, after a early HODLsleep .... waking up with 3-4 pages of that kind of long texts 

And yesterday I woke up with over 90 pages of backlog.

The harder the pump the more to read here on WO 

[BitcoinGirl.Club]

The harder the pump the more to read here on WO 

Yes I know and it was over $10k for last few days.

[DeathAngel]

Sub $10,000 

I suppose we were due a correction but it really feels better seeing the price over $10,000. The inevitable is only being delayed any way, moon in the next 18 months

[Cryptotourist]

I suppose we have established the basis - for a really really big dildo - taking us to $11k & beyond.

I can't see us going down from here. Not yet anyway.

[BitcoinGirl.Club]

Sub $10,000 

Observing @ $9,995

I suppose we have established the basis - for a really really big dildo - taking us to $11k & beyond.

I can't see us going down from here. Not yet anyway.

What color you are are thinking of 😜

[Cryptotourist]

What color you are are thinking of 😜

50 shades of Green?

~ silence before the storm ~

[Lambie Slayer]

Google Trends is indicating that this is THE halvening pump and June was just a warm up. I see extremely little possibility we dont breach the 14k highs of the summer.

https://trends.google.com/trends/explore?geo=US&q=bitcoin%20halving

Most likely we get somewhere around the all time highs, hopefully a bit farther just to grab the worlds attention, even if we fall back under it after the halvening for a chunk of 2020.

[ivomm]

Sub $10,000 

I suppose we were due a correction but it really feels better seeing the price over $10,000. The inevitable is only being delayed any way, moon in the next 18 months

Everyone should be in accumulation mode before the halving, except addicted shorters who don't know about it. If you ask them they will either answer: "Nope, I didn't hear about it. 10 000 is a nice number and I can make calculations easier, so it is the time to short." Or, "Oh, yeah... I remeber reading about the halving and someone in twitter said it was already priced in. 10 000 is a nice number and I can make calculations easier, so it is the time to short." Exhibit A is one of the many newbies like whiteboy, who was posting about his shorts at 6.7K. We didn't hear from him since then, so I can only imagine how his shorts played out so far. He's been probably liquated 10 times so far, but if he makes a successful short now, I am sure he will come here to brag about it.  

[mindrust]

Amaury Sechet is literally modifying the BCH protocol to issue coins to him and his friends
Peter Rizun: "BCH will be Bcash with no rights to the name "Bitcoin"

Meanwhile, bcash is heading for another hard fork.

a) the real vision of Roger, the original, bcash

b) the real vision of the miners and devs, btax*

*Credit for the name

[gentlemand]

Looks like everybody here who properly invested in bitcoin before 2017 have around at least 50 and possibly closer to 100 btc while other late people who started to accumulate after 2017 have something between 5 and 15.

Makes sense since btc is now at x10 of the 2014's ATH.

Being early pays.

That's a big old assumption. Those amounts even in 2013/14 were still a few tens of thousands of dollars depending on when you arrived. Not many people out there have that available to lock away for several years with no guarantee of where it'll end up.

[hv_]

Amaury Sechet is literally modifying the BCH protocol to issue coins to him and his friends
Peter Rizun: "BCH will be Bcash with no rights to the name "Bitcoin"

Meanwhile, bcash is heading for another hard fork.

a) the real vision of Roger, the original, bcash

b) the real vision of the miners and devs, btax*

*Credit for the name

Sounds BCH goes Back to BlockstreamCoin.

BSV only goes Satoshi's BitCoin and locks down protocol and dev fights.

Choose whatever you want

Industry choses stable protocols