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

[virasog]

Will you miss this year 2020 or would like to forget it ?  Are there good times ahead 

[qwizzie]

Will you miss this year 2020 or would like to forget it ?  Are there good times ahead  

Wait, this isn't 2025 ? Damn, i landed in the wrong year. Damn that Dr. Jones

eh, have any of you seen anything about 12 monkeys ? I did find the virus, just not those monkeys 

[JayJuanGee]

trader that he could turn .05 BTC into 1 BTC[/url]

0.005 btc*

It was some dust I had on a spare account, i decided to make it a challenge because why not

Ok. Fair enough correction -  even more unrealistic.

True, it was unrealistic as fuck, but thats what made the challenge fun

causing him to get a considerable amount of backlash in this thread and in his other thread, because he was overpromising, underdelivering and not even coming close to achieving his BTC price prediction goals or acknowledging the various fallacies of his ways that had considerably good chances to mislead others..

Risk management allows me to be right only 33% of the time and still breakeven, in the post which you linked i had a more than 33% success rate,

Many of us more experience peeps realize that if you are playing a kind of martingale style, then it may not even matter if you have 90% success rate, if you end up losing everything in one shot somewhere down the road...   The system that you were describing in that thread, and even when you talk about your system here is far from transparent and even far from any kind of assured way to make sure that you are making money..  

What I was doing was originally risking 1% per trade, then if that trade was profitable (say made 2% profit), i would then risk 2% (which would say make 4%), and then risk 4% and so on, assuring i dont lose my starting money, but giving me a more realistic (albeit still hard) way to achieve my 20,000% goal

Well, maybe i forgot some of the details because I had recalled that you were using margin, and sure, if you use margin smartly, then you would be able to potentially figure out ways to be right more frequently than you are wrong and thereby increase the size of your trading portfolio, so something like what you are describing actually makes sense, if you are NOT risking large portions of your portfolio with each trade, but surely on the other hand, the amount of time to achieve your objective can take a considerable amount of time, too, especially if you are making sure that you are NOT over-betting then you are NOT likely to make as much profits on each trade, either.

even if i told you every single trade i was gonna take theres obviously going to be nuances to every different persons trading strategies, which i wouldnt be able to explain to you, such as deciding not to take a trade due to change of context

Of course, explaining your trades is difficult as fuck, but does not mean that you cannot try to do that.  I don't have any problem with guys either explaining their trades are attempting to be helpful in terms of explaining the good, bad and the ugly of actual trading... and surely other members could benefit from a trader who attempts to be straight forward about his trades.

True I guess I should have attempted it, I will try to keep that in mind.

only your unrealistic expectations of yourself (to the extent that you were actually being genuine), were not realistic

My unrealistic goals werent realistic? well yeah... they werent trying to be either tho  

Maybe I just have personal antipathies when the goals are neither realistic nor attempting to be realistic.

Many of us already have a undesireable tendency to gamble too much or to lean towards gambling too much, so I hardly find any appeal or valor towards members promoting the gambling side of things as either ways to get rich or ways to carry themselves in life in terms of wanting to make progress in life.

There are all kinds of vultures out there who thrive off of the greed and gambling natures that each of us have within us, and I tend to consider anyone who is trying to play on those themes or to bring out those negative attributes as a kind of vulture or a vulture wannabe.  It's not a good look or a good practice.

and your timeline of expecting to achieve your goal was unrealistic

IIRC there was no time limit or set timeline for achieving the goal, i gave myself as much time as i would have needed

Perhaps the time line was more implicit rather than explicit, but if there were no time limit, then there should be no reason that the thread should not still be open.. if it were to take 1 year or 50 years to reach your goal of converting .005BTC to 1BTC.  Makes little to no sense to begin such a project, and then close it after a few months, without at least wrapping up the thread and proclaiming that your goals were unrealistic or something like that.

Can you imagine working on the goal for 50 years, and posting on a regular basis, and finally announcing that you had achieved your goal?  That would be respectable commitment.  Not that I am trying to set high bars of achievement for you, but instead merely attempting to figure out ways that your whole project might not have come off as so damned repulsive the way that you ended up doing it.  

proclaiming that you lost interest.. blah blah blah.. nonsense..

its not that i had lost interest but that i stopped updating due to unrelated circumstances in life

Due to personal and unrelated reasons i stopped this, maybe in a year or so when I have more free time I will restart it

We seem to be repeating ourselves here, and your whole way of handling the closing of the thread (and project) still seems disingenuous to me... but of course, you are free to conduct yourself in whatever way that you believe is suitable to the circumstances (including your own circumstances), and if you realize that your actions can sometimes cause other members to negatively judge you for such choices that you make.. and even to publicly proclaim such negative judgements, which seems to have been what I had done on several occasions in your thread, in this thread several months ago, and just recently.  Call me a judgmental twat, if you must.    

[OutOfMemory]

September 3, 2020
12:03 pm

I bought bitcoin with the amount of $150 with the market price of the coin 11.3k market price and I'm trying to take investment because there is a chance that the price goes up into 15k.

Right now I'm seeing the price drops over 10k and continuously going down and this is not a good shot for me right now. The only choice is holding and wait again for another pump.

Just want to share my cruel mistake lol.

No mistake there. A mistake would be to liquidize these sats at loss. The most expensive satoshis i have bought were at a tad above $15k. I still hodl them since almost three years

[600watt]

Will you miss this year 2020 or would like to forget it ?  Are there good times ahead  

Wait, this isn't 2025 ? Damn, i landed in the wrong year. Damn that Dr. Jones

eh, have any of you seen anything about 12 monkeys ? I did find the virus, just not those monkeys 

Was 2025 still considered „early“ in bitcoin from the future you came from?

[qwizzie]

Will you miss this year 2020 or would like to forget it ?  Are there good times ahead  

Wait, this isn't 2025 ? Damn, i landed in the wrong year. Damn that Dr. Jones

eh, have any of you seen anything about 12 monkeys ? I did find the virus, just not those monkeys  

Was 2025 still considered „early“ in bitcoin from the future you came from?

Not sure, i was mostly working in the outer colonies (that Musk fellow works fast).
We pay there with Muskcoin.

[vapourminer]

just adding to 600watt here. as long as you can afford to lose it youre fine. that should be a given.

i started mining at $10. it went to $35. yes! then.. down to $2 for a loooong time. a ~95% drop. but.  look where we are today.

tl;dr: hodl

i had read about bitcoin when price was about $10 and right away decided to buy some. but I couldn't find a way to get some btc other than wiring money to the MtGox bank account in Tokyo. price rose every day and the money wouldn't arrive. and price kept on rising, doubling, tripling, etc.. on and on. the fuckin day the fuckin money was finally on my account ready to f i n a l l y buy, price was at.... you guessed it: $35

I finally bought and it felt great. when I checked my account a few hours later that same day, price had crashed. and it kept on crashing next day. and the day after....  man, that was shocking and I had no news. there was no media infrastructure, and main stream media didn't cover it and unfortunately I hadn't found this forum yet. no info, price kept crashing. then MtGox got hacked, I couldn't get to my account anymore. decided to throw everything away and forget about it. I was so ashamed I had sunken my money into this Japanese scam. price went down to $2. 
I had bought right the top of bitcoins first insane bull run. I could have bought 17x more bitcoin if I had bought on the day it was on $2 instead of the day I had chosen to buy. one could say that I had royally fucked this one up and I really think I did. but whining about a buying price of $35 is kinda weird.

cheers to you sharing that moment. you were already mining and I was a textbook noob. cheers to all 2011ers.

i had to lol at the bolded part. yup, i felt the same at the time as i watched it drop from $35 to $2, thought i had wasted money on buying a couple 5830s at like $150 apiece purely for mining because 5830s werent even that great compared to the 6870 i had for actual gaming. what a waste!! stuck with these useless cards!! but i kept mining.. and yeah.. here we are.

i still have a couple of those early mining cards. the 6870 especially deserves to be gold plated and mounted in a display case as it could crank the corn out.. that was the 1st card i bought for mining and had the intention of also having a good gaming card no matter where bitcoin wound up. fond memories.

[qwizzie]

I sense a storm coming our way, moving from north to south.
Should we name it ?

[PoolMinor]

I sense a storm coming our way, moving from north to south.
Should we name it ?

Call it "Independence day weekend 2013" and never look back

Edit:

[OutOfMemory]

I sense a storm coming our way, moving from north to south.
Should we name it ?

Zoom out bro, the storm is a mild, warm ocean breeze while the tide is rising since march  

[BobLawblaw]

I sense a storm coming our way, moving from north to south.
Should we name it ?

Hurricane Bearolina

[JayJuanGee]

proclaiming that you lost interest.. blah blah blah.. nonsense..

its not that i had lost interest but that i stopped updating due to unrelated circumstances in life

Due to personal and unrelated reasons i stopped this, maybe in a year or so when I have more free time I will restart it

We seem to be repeating ourselves here, and your whole way of handling the closing of the thread (and project) still seems disingenuous to me... but of course, you are free to conduct your self in whatever way that you believe is suitable to the circumstances (including your own circumstances), and if you realize that your actions can sometimes cause other members to negatively judge you for such choices that you make.. and even to publicly proclaim such negative judgements, which seems to have been what I had done on several occasions in your thread, in this thread several months ago, and just recently.  Call me a judgmental twat, if you must.    

Perhaps your right, perhaps not, but in the end i dont really care if you believe me or not, its your choice

I am right about having a personal opinion, and there is a possibility that absolutely no one agrees with my opinion, and even possible that absolutely no one agrees with my having had expressed my opinion.

One of the good things about this forum is that we can share facts, logic and opinions, amongst other variations of those things, and for the most part, our posts are allowed to stand in this particular thread, so long as they do not go beyond rules of the forum or the discretionary censorship inclinations of this thread owner (which is infofront), and infofront seem to have a pretty high tolerance for allowing the batting around of ideas in this thread (and a largely low tolerance for censorship, even when he is doing it.. hahahahaha), even if some ideas that are expressed might be minority ideas.. and the forum largely does not seem to be interfering with infofront's discretion, since he took over the thread in 2017-ish, we have heard a lot fewer complaints from some of the forum admins and mods in regards to the general allowance of topics on this thread and what is going on in this thread, overall.

So, perhaps we have beat this topic (of me judging your actions) to death a bit, and we can agree to disagree on some parts of where we might stand, and I will just wait and see whether you continue with the same patterns of behavior or if you make any improvements from my perspective, to the extent that my perspective matters at all beyond me (as you have already suggested that my perspective might not have any impact on you.. and surely, you have discretion in regards to whether you tweak your ways or you continue to maintain your ways, too).

[OutOfMemory]

I sense a storm coming our way, moving from north to south.
Should we name it ?

Hurricane Bearolina

Good one.

Is it really a hurrycane or just a dropical storm?

EDIT:
my take:

dropical storm Bigbart

[DaRude]

Soooo...  Any insights on if/when/how we are getting decoupled from stocks, and (I hope) coupled to precious metals?

1337 traders are treating BTC like a speculative leveraged stock. Meaning in order to derisk, at the first sign of market going south it's the first asset they drop. I don't see that changing short term. The way we decouple is on a big correction, when speculators exit/take leveraged short position thinking BTC is dead once again, hodlers seeing value start buying up and burn those short. It can happen now when we'll go to around $6k, or can happen when we'll go from $40k to $20k that depends on the global markets. The cycle will continue for some time, but should be diminishing with time and higher market caps.

[BobLawblaw]

dropical storm?

Dropical Depression ?

[OutOfMemory]

dropical storm?

Dropical Depression ?

Then i'd recommend a big, green candle:



== absolutely tobacco-free, of course 

[JayJuanGee]

I sense a storm coming our way, moving from north to south.
Should we name it ?

Hurricane Bearolina

Good one.

Is it really a hurrycane or just a dropical storm?

EDIT:
my take:

dropical storm Bigbart

I am thinking that the severity of our current storm is somehow related in a kind of exacerbated way to some purging of froth that seems to be taking place in the ethereum (and perhaps related) space.  It may be too early to call that dynamic, and surely there are likely a decent number of 14 year old snot-nosed investors in ethereum, defi, yield farming et al that deserved to be purged to zero or somewhere in the vicinity of zero and to verify if they are still committed to such projects after a wee bit of froth purging.  Hard to know, exactly.

Soooo...  Any insights on if/when/how we are getting decoupled from stocks, and (I hope) coupled to precious metals?

1337 traders are treating BTC like a speculative leveraged stock. Meaning in order to derisk, at the first sign of market going south it's the first asset they drop. I don't see that changing short term. The way we decouple is on a big correction, when speculators exit/take leveraged short position thinking BTC is dead once again, hodlers seeing value start buying up and burn those short. It can happen now when we'll go to around $6k, or can happen when we'll go from $40k to $20k that depends on the global markets. The cycle will continue for some time, but should be diminishing with time and higher market caps.

I have my doubts about going below $8k, but gosh going below $6,600 would likely be very short-lived and a spike, if it were to occur... never say never in bitcoinlandia.. and of course, UP is preferred to DOWn - especially for those of us who would prefer that beartwats are not allowed to refill their having had already sold too much too soon...  Hate to see those guys getting corn, but hey?  What you gonna do?  Cannot really stop corn from doing whatever it's going to do.

[OutOfMemory]

I sense a storm coming our way, moving from north to south.
Should we name it ?

Hurricane Bearolina

Good one.

Is it really a hurrycane or just a dropical storm?

EDIT:
my take:

dropical storm Bigbart

I am thinking that the severity of our current storm is somehow related in a kind of exacerbated way to some purging of froth that seems to be taking place in the ethereum (and perhaps related) space.  It may be too early to call that dynamic, and surely there are likely a decent number of 14 year old snot-nosed investors in ethereum, defi, yield farming et al that deserved to be purged to zero or somewhere in the vicinity of zero and to verify if they are still committed to such projects after a wee bit of froth purging.  Hard to know, exactly.

Valid option, imho.
VitalikCoin is dumping even harder, like many other Alts. Don't know how much the defi crap is dumping at the time.

EDIT:
I have to do some cleaning now, pasteurize some raw milk, transform some of it into a caffè latte and try fresh baked cookies with weed.
So in case they're too intensive and i won't show no more today   have a nice evening, do yourself something good  

[JayJuanGee]

I sense a storm coming our way, moving from north to south.
Should we name it ?

Hurricane Bearolina

Good one.

Is it really a hurrycane or just a dropical storm?

EDIT:
my take:

dropical storm Bigbart

I am thinking that the severity of our current storm is somehow related in a kind of exacerbated way to some purging of froth that seems to be taking place in the ethereum (and perhaps related) space.  It may be too early to call that dynamic, and surely there are likely a decent number of 14 year old snot-nosed investors in ethereum, defi, yield farming et al that deserved to be purged to zero or somewhere in the vicinity of zero and to verify if they are still committed to such projects after a wee bit of froth purging.  Hard to know, exactly.

Valid option, imho.
VitalikCoin is dumping even harder, like many other Alts. Don't know how much the defi crap is dumping at the time.

Surely, we do not watch those shitcoins too much in this thread, but does not seem to be off-topic to denigrate them from time to time, including the fact that fees have been so damned high on ethereum in recent times that it makes it much more disincentivized to be moving value around, so it would seem reasonable to conclude that a decent number of retail (and smaller potato investors) are getting screwed by ending up locked in various arrangements that they are not easily able to move out of, in part based on the cloggness of their sham purported to be network...many 14 snot-nosed must be crying about losing their allowance, as we type, no?

EDIT:
I have to do some cleaning now, pasteurize some raw milk, transform some of it into a caffè latte and try fresh baked cookies with weed.
So in case they're too intensive and i won't show no more today   have a nice evening, do yourself something good  

Edit:
Protip:  I heard that raw milk is better for you anyhow, so skip the pasteurizing and just stick with raw dogging your milk.  You will thank me later, you dog. 

[sirazimuth]

.....
I don’t want to come off as lecturing you about language usage.  .....

you just did.

That’s all well and good dude but I think you missed the point of my post.
Probably my bad for not making myself clearer.
I was actually attempting to point out that by using the term “he” in the reply , one is assuming the post was made by a male,
when there is no information to make that assumption. Or at least that’s how I read it.
So I use a gender neutral pronoun to account for that.
And as sways link pointed out “they” is ok for that purpose. Apparently there is disagreement on this…whatever man.
Nothing to get one's panties in a twirl about.
Of course you can use “he or she” too, which works fine. that’s all up to the writer I guess.
I simply prefer using “they” but that’s just my writing style preference. ymmv
It has absolutely nothing to do with gender pronoun political correctness  (which, as I clearly stated in my post, think is nonsense.)
and everything to do with not wanting to possibly incorrectly refer to a she as a he...nothing more, nothing less.
And yes I should have appended my post to clarify that if indeed the poster is female, it doesn’t make a shit bit of difference.

Please, no more pompous long winded lectures, that's jays job.