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

[Ibian]

Excellent, another one. Why do you support a violent political organization that wants to eat the rich?

It is very, very curious that not one of you have an answer. Not even something as simple as an affirmation or denial of said support.

Why do you assume that anyone disagreeing with your statement "we should get rid of black people because their lives have negative value", automatically means that they support "a violent political organization that wants to eat the rich"?

To directly answer your question, I'm totally against, and do not support, any organization that wants to eat humans.

Its the simplistic logical fallacy to implement, the strawman argument.


It is no surprise a simpleton would use it so extensively.


http://www.csun.edu/~dgw61315/fallacies.html

The thing is that there is no real room for not taking a position on this. Culture always moves to the left. Doing nothing, in this case simply saying nothing how lazy can you be, is the same as supporting the status quo. And the current status quo is that violent thugs are doing whatever they want. If you do not actively oppose them, then you de facto support them.

[goldkingcoiner]

So as I see it, there will be a shaking of hands for the next few weeks. I hope I don't panic sell again.

In other news. There is now a huge wasp nest on the door to my garden entrance.

Do I- A. spray them with water from afar B. Smoke out (or outsmoke ) the hive or C. Hire that guy who crushes wasp nests with his bare hands?

All Lives Matter

Nocoiner lives do not matter.

Ugh...Messed up reply in the quotes section is messed up..sorry.

Also, Sergej seems to be on fire.

There is an edit button.

Edits are for the weak.

[Krubster]

A Swedish bitcoin story.

I'm looking through my mail history. Apparently I bought my first bitcoin through kapiton.se in July 2012. The mail doesn't say how much I send or how much I bought, but I do remember I sent about ~$300 and made a market buy. I raised the price from $8 to $12 in one buy. After that I registered and made my trades through MtGox.

Anyway, back to kaption.se. This site was founded and ran by this young genius Sebastian. Everything was running smoothly until he got in trouble with the Swedish IRS. After that it went downhill.

He started to post on flashback, the Swedish equivalent of reddit. He claimed he was followed by the US government, how they planted tracking devices and followed his every move.

At first it was all fun and weird, but then he suddenly killed him self from all of this. His family claimed schizophrenia if I recall right. It's was all fucked up.

I'm speaking out of my memory and how I remembered it. I might be wrong or have the story messed up, but the fact is he did kill him self because of all this.

The story is out there, check it up.

[vapourminer]

In other news. There is now a huge wasp nest on the door to my garden entrance.

Do I- A. spray them with water from afar B. Smoke out (or outsmoke ) the hive or C. Hire that guy who crushes wasp nests with his bare hands?

d: do what i did on a huge honkin nest (~2 feet across on long axis) on my wayback shed door.. get in your jeep, must have power windows and be able to GO on demand (4wd). wife and i each have extra large can of foaming wasp killer. wait till dusk. sneak up to side of nest with windows just cracked enough to spray out of. then, spray. when the death swarm come out, see if you can get the exits of course but mainly windows up and GOGOGO!!. damn things chased the jeep 150 feet to the road and a bit up it (i was in my yard of course when i started). should of clocked the damn things, friggin things are pretty fast. or seems so..

little bit of yard reseeding (left some BIG ruts lol) and done deal..

7/10 would do again.

[somac.]

In other news. There is now a huge wasp nest on the door to my garden entrance.

Do I- A. spray them with water from afar B. Smoke out (or outsmoke ) the hive or C. Hire that guy who crushes wasp nests with his bare hands?

d: do what i did on a huge honkin nest (~2 feet across on long axis) on my wayback shed door.. get in your jeep, must have power windows and be able to GO on demand (4wd). wife and i each have extra large can of foaming wasp killer. wait till dusk. sneak up to side of nest with windows just cracked enough to spray out of. then, spray. when the death swarm come out, see if you can get the exits of course but mainly windows up and GOGOGO!!. damn things chased the jeep 150 feet to the road and a bit up it (i was in my yard of course when i started). should of clocked the damn things, friggin things are pretty fast. or seems so..

little bit of yard reseeding (left some BIG ruts lol) and done deal..

7/10 would do again.

This is not a bad idea, but I would buy the special spray meant for wasps. Once it hits the nest it disolves it and prevents the wasps from flying. It also sprays about 12 feet or maybe more can't remember.

[Ibian]

I see. Being opposed to a VIOLENT POLITICAL ORGANIZATION gets posts deleted.

Infofront. I need to know if it was you who deleted my posts or someone else. And if so, who.

[Krubster]

I see. Being opposed to a VIOLENT POLITICAL ORGANIZATION gets posts deleted.

Infofront. I need to know if it was you who deleted my posts or someone else. And if so, who.

Hey, sorry for ignoring you. You're way to funny to be ignored.

Syv­og­halvfems!

[yefi]

you DO know you can educate yourself. things called books. try them sometime. i made it out of some very dark periods in my past. i didnt blame others, i sucked it up and bettered myself.

and again, unlike you i wish no harm on you. just wish you had some sort of education.

Dude, you know his first port of call will be J. Phillipe Rushton's Race, Evolution and Behavior, swiftly followed by Grant's The Passing of the Great Race or Morton's Crania Americana...

Best you're getting out of him is maybe Spengler's Decline of the West.

[JimboToronto]

You are getting alot of use outta this one lately.

Actually, I thought that was only the 2nd time I posted that here. I try to keep track.

I'm pretty sure I've also posted my crybaby Trump blaming China, and my Greta Doge Snowflake. 

[Woodie]

Something I thought I should share for those likely to be spending too much time looking at charts


credits to trade view

[Hueristic]

You are getting alot of use outta this one lately.

Actually, I thought that was only the 2nd time I posted that here. I try to keep track.

I'm pretty sure I've also posted my crybaby Trump blaming China, and my Greta Doge Snowflake. 

Keep it handy it doesn't look like its going to get any better in the near future.

[Toxic2040]

Dude..

-snip-

So, how was Wednesday for you folk ?

----

Half a fifth of Myers, couple cans of Blue Sky soda and 4 spliffs...im there.

[Toxic2040]

#dyor
1h


4h


M

#stronghands

[Paashaas]

The U.S failled bending the curve, Americans are not disciplined enough and they reopened way to fast.

[JayJuanGee]

Well, something happened. Some buy orders got filled.

'may' and '$8,800' are quite a stretch 

in bitcoin anything can happen, being too confident and getting cocky will get you rekt, im always a "may" and never a "will" with bitcoins price

That's why you "may" "will" have abandoned your "cocky" get-rich-quick (on leverage) BTC price prediction thread, when you realized that using leverage in your trading might work for a while, but is likely going to cause you to become "rekt" sooner rather than if you had not used leverage - especially when you are too anxious and unreasonable in trying to 20x or 200x or was it 2000x your money, betting on one direction and not engaging in reasonable risk management (another way of suggesting that betting in both directions might be better). 

What level might not be "too confident" and "too cocky"?  Does reasonableness exist when playing with leverage and putting most or all of your eggs the basket of in one direction?  A variation of a Martingale strategy, right?

I agree that the increased confidence of successful leveraged trade will likely get you rekt, if you keep on increasing your risk. Though it also depends how you are taking your profit (if you are taking it at all). If you're not taking profit and keep re-investing it each time, you'll get rekt. But if you're taking your profit, especially if you're taking your profit in BTC, then even when your initial investment gets rekt you'll still be on top with your BTC.

Then again, I didn't follow all of the referenced thread. I assume it's re-investing profit, which is dumb if so.

Yes.. his case seemed to have been reinvesting profits.

Well that would explain a lot  The first tip after you have a lucky streak is to take profit until you have taken out your initial investment at minimum. Then if you want to increase your risk and become a degenerate gambler with stupid amount of leverage, you are merely doing so with the profit instead of your initial investment. That said, you're best off merely maintaining your risk (not increasing it) and playing with your new found "house money" (only profit) in order to continue making profit from your profit, so that if you get completely rekt then you still made profit at the end of the day. Then you can even try and learn your lesson and re-invest your profit with increased risk management, but not at the expense of your own capital. Hope that makes some rough sense.

Surely stacking away profits, like you said, could be one of the possible ways to strive to ensure ongoing profits..... yet understandably, even with stacking away profits there could be some difficulties that come for a trader whose stash keeps getting depleted by wrong calls or an unlucky trading streak..   In those losing streak cases, does the trader merely add to his trading stash, and wouldn't that be cheating? or would a trader just keep making his/her bets smaller until s/he makes up for the losses, the losing streak and the seemingly ever depleting trading stash?

I wouldn't recommend adding to your stash if you're on a losing streak, I'd recommend reducing your position size as well as your risk. Ideally you'd keep a record of your successful trades (be it 40%, 50%, 60% or whatever) and therefore attempt to caluclate trades based on this risk reward that can still make you money (2:1, 3:1, 4:1 or whatever). If you're losing money then adding to it isn't cheating, it's just poor risk management. If you run out of money, then you should probably not be trading at all! Instead, you'd reduce your position size to such a small amount you are effectively just practicing in the hope of trying to become a successful trader again.

I know I also got over-confident after the September 2019 breakdown that generated juicy profits for me, despite taking the profit in sats. This led me also to increase my risk, but the main different was I had already taken out my initial investment. At the point of losing a few too many trades, I quickly realised I needed to reduce position sizes and lower my risk, as it was eating away at profit. This is ultimately how you stay "afloat". But that said, I also learnt this back in late 2017 and early 2018 by taking out initial investments, that actually helped me to understand the important of booking profit (not just taking it). The main trick is to be patient I think, anyone rushing to make their money back is doing it wrong.

In a weird way, I found it a lot easier to be conservative with risk management when you are playing with the house, rather than your own capital. Not sure why. The other point is trading is a form of gambling. Just like in gambling, you calculate probabilities and take risks appropriately, doesn't matter what the game is. Anyone who thinks trading isn't a form of gambling isn't thinking straight. This doesn't mean you can't be a successful gambler, but that risking your money in order to try and make more of it is the definition of this.

Ideally, would you not want your trading to provide you with a salary that is somewhat similar to your regular job, so that you can quit your regular job and sustain your self (and whatever standard of living you had grown accustom)?

So, let's say for example, you worked 10 or more years, and you had increased your salary to $100k, but since you had been accustomed to savings and investment with extra money, you figured out that you could live pretty decently on $75k per year, but if if you live more meagerly, you would still be comfortable with $50k per year. 

Maybe, also you had learned trading with some of your money during your years of work, and in the 10 years, you had reached a savings and investment capital of $300k that you consider to be a kind of working capital that could start out providing you $50k per year, but you wanted to target $75k as being more comfortable, and $100k would be balling.

Maybe if you pulled the fuck you lever to your regular job, then you might not have enough capital to really sustain your trading and to generate at minimum 17% per year of profits from trading.   Unrealistic? 

You probably have heard of the 4% formula that is used for having an expectation of 4% passive income, so if you are trading, you should be able to make more than 4% per year, otherwise, you are not beating passive income expectations, right?  I might be asking too many questions, and surely there would be a difference between feeling comfortable to quit your day job and considering both how much capital that you have and what minimal level of return do you need to receive from trading in order to be able to sustain yourself, and whether you are being realistic with yourself.

Whether you have a day job or not, if you take up trading as a hobby, and you practice trading for 5 to 10 years, then if you are trying to be realistic in attempting to measure your historical performance, you should get a pretty decent idea regarding what level of return are you getting from your trading activities, and whether you are beating the returns that you might be able to get from mere passive investing.

I already kind of know the answer to some of this, which is that there are not a lot of traders who either have been able to track their overall performance and/or have decent ideas about the extent to which their trading activities might be able to beat more passive returns.

Is living off trading not just another kind of slave wagery, except you have more stress and can never relax ?

I guess pure day traders closing all positions every evening might be able to relax, but still.

To retire and feel free I would need well diversified investments, including real estate, stuff that will always be in demand like health care, probably geographically diversified too.

Well, I was asking those questions to dragonvslinux because he seemed inclined to talk about stacking away profits, which may not be exactly the same thing as the question that I asked, which is making a living off of trading.

So, perhaps I was implying that trading might devolve into a bunch of work for nothing, especially if there might we ways to be assured of 4% or more per year return on average from passive income.

So maybe in that regard, unless you have at least a few million in capital, traders might not really be attempting to live off of their trading income but instead just supplementing other income and/or investments that they have.

So, sure maybe I was trolling dragonvslinux a bit because my own personal philosophy around trading is really revolving around maintaining large swing trades as a kind of insurance policy, but the bulk of any kind of strategy is to largely build up principle in a way that it can largely serve as a passive income stack and not really be put at risk, because it is probably quite difficult to ensure passive income off of a certain amount of principle, and at the same time use some of that principle for trades that are put at risk, which means subject to losses if the market goes against you.

I would not deny that there are some strategies that are different from mine but also more profitable than mine, and probably if you build up your principle to a decently large amount, you can sometimes end up taking chances on only portions of your principle, but largely be able to call the right shots on a regular enough basis that your gains make up for any losses that you make, and successful venture capitalists proclaim to be able to accomplish this once they have one or two fairly BIG wins under their belt.. and so frequently they are waiting for the one or two BIG wins before they can really start to have a lot of comfort level that they are profitable even on subsequent loser investments because they made so much money on their BIG wins that are already under their belt.

Sometimes just nice to hear the perspective of others, and surely there are not a whole hell of a lot of traders who are actually successful and able to really boil down their trading strategies (and maybe they do not want to share too many details, either).

[JayJuanGee]

Elwar made the headlines! https://www.theguardian.com/environment/2020/jun/24/seasteading-a-vanity-project-for-the-rich-or-the-future-of-humanity

In an introductory video, he describes the planet’s oceans as “a sort of research and development zone where we could discover better means of governance”, and says that seasteading could “provide the technology for thousands of people to start their own nano-nation on the high seas”, giving people “opportunities to peacefully test new ideas about living together”. The most successful seasteads, he says, “will become thriving new societies, inspiring change around the world”.

Source: https://www.theguardian.com/environment/2020/jun/24/seasteading-a-vanity-project-for-the-rich-or-the-future-of-humanity

Like it!

Sorry to be a party poop.. but that is pure nonsense.

[Hueristic]

The U.S failled bending the curve, Americans are not disciplined enough and they reopened way to fast.

We do have an inordinate amount of really retarded people.

Hopefully this will change that.

[fillippone]

Another quick dive below Vegeta. I sincerely thought we never ever would have met him again.
Today Tomorrow is biggest option expiry in bitcoin history.
I think we might observe some short lived weird movement.
We will see...

EDIT: Today is 25, not 26. Note to self: Never post from bed before caffeine.

[aesma]

testing 9000$

BobLawblaw : I didn't eat much and didn't drink anything. At 7AM I'm getting blood drawn for testing, then I'm buying croissants and a pain aux raisins and fill my belly for breakfast :


RIP to your asshole

[Hueristic]

Another quick dive below Vegeta. I sincerely thought we never ever would have met him again.
Today is biggest option expiry in bitcoin history.
I think we might observe some short lived weird movement.
We will see...

So your saying options are tanking us today?

Say it ain't so.