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

[JorgeStolfi]

Not really. It can have two winners. I bought at 300$ and sell for 600$, because I want to buy a camera. Then the prices rises to 900$, like you predicted. So buyer and seller win.

You won 300$, the chap you sold to won 300$, and the guy you bought from lost 600$

[TERA]

This isn't going up until that whale comes back with his walls. Remember July and August? Every drop was magically stopped when that 1,000 wall started popping up - that was the signal to buy.

[TakeTheSkyRoad]

what is immoral about placing a low bid?

You are spreading panic and suggesting people they should sell. I often lost money because I listened to some "guru´s" here.

Every transaction has two parties, a winner and a loser. So, there is no good or evil in this realm.

 

More to the point both parties exchanged at the price they wanted.

[JorgeStolfi]

Not really. It can have two winners. I bought at 300$ and sell for 600$, because I want to buy a camera. Then the prices rises to 900$, like you predicted. So buyer and seller win.

Rather: the guy you bought from (if he got for free) won 300$, you won 300$, the chap you sold to won 300$, ahd the chap he sold to lost 900$.

[threecats]

So much bullshit in this thread... $104   I wish some people would have moral and conscience...

what is immoral about placing a low bid?

You are spreading panic and suggesting people they should sell. I often lost money because I listened to some "guru´s" here.

1) Don't blame people on this forum for your mistakes.

2) Lighten up.

[billyjoeallen]

to which I say: WHERE THE HELL IS MY CHOICE TO LIVE WITHOUT A GOVERNMENT?

I am very curious what no government means to you, and why you'd want to live in a place without one. I mean, it's one thing to want less government intrusion, but are we talking less/no taxes, or are we talking no police department, no public schooling, no fire department. Where do you draw the line?

What is so difficult to imagine? People would shop for security, fire protection services and schools the same way they shop for anything else. The needy would be provided for by voluntary charity. We draw the line at the the initiation of force. Initiating or threatening violence is not what holds communities and society together.

[ChartBuddy]

Explanation

[octaft]

to which I say: WHERE THE HELL IS MY CHOICE TO LIVE WITHOUT A GOVERNMENT?

I am very curious what no government means to you, and why you'd want to live in a place without one. I mean, it's one thing to want less government intrusion, but are we talking less/no taxes, or are we talking no police department, no public schooling, no fire department. Where do you draw the line?

What is so difficult to imagine? People would shop for security, fire protection services and schools the same way they shop for anything else. The needy would be provided for by voluntary charity. We draw the line at the the initiation of force. Initiating or threatening violence is not what holds communities and society together.

What is difficult for me to imagine is why anyone not wealthy would want to live in that sort of environment.

[oda.krell]

Is this normal to not show any lower bids?

Bitcoin Wisdom is just generally fucked and never reports the right volumes.

a) btcwisdom truncates the order book, for speed reasons as the owner says. seeing that his site is usually up during heavy trading days when the others go down, i'm inclined to follow his logic.

b) the way the order book information is displayed is unintuitive at first maybe, but before claiming it's all wrong, first understand how prices are grouped. explanation is in the btcwisdom thread in the service subforum.

c) never heard of volume being wrong. quick check matches volume shown on tradingview. care to find some evidence for your claim?

[TakeTheSkyRoad]

to which I say: WHERE THE HELL IS MY CHOICE TO LIVE WITHOUT A GOVERNMENT?

I am very curious what no government means to you, and why you'd want to live in a place without one. I mean, it's one thing to want less government intrusion, but are we talking less/no taxes, or are we talking no police department, no public schooling, no fire department. Where do you draw the line?

What is so difficult to imagine? People would shop for security, fire protection services and schools the same way they shop for anything else. The needy would be provided for by voluntary charity. We draw the line at the the initiation of force. Initiating or threatening violence is not what holds communities and society together.

If you haven't already I highly recommend reading the books by Ken MacLeod.

However the idealistic the dream the reality would probably put us back to the victorian age where the needy ended up in work houses and had to work for food but they didn't get anything else.  Just somewhere to sleep and food with no chance to improve their lot.

[billyjoeallen]

to which I say: WHERE THE HELL IS MY CHOICE TO LIVE WITHOUT A GOVERNMENT?

I am very curious what no government means to you, and why you'd want to live in a place without one. I mean, it's one thing to want less government intrusion, but are we talking less/no taxes, or are we talking no police department, no public schooling, no fire department. Where do you draw the line?

What is so difficult to imagine? People would shop for security, fire protection services and schools the same way they shop for anything else. The needy would be provided for by voluntary charity. We draw the line at the the initiation of force. Initiating or threatening violence is not what holds communities and society together.

What is difficult for me to imagine is why anyone not wealthy would want to live in that sort of environment.

Because they'd get to live around wealthy people.

[octaft]

to which I say: WHERE THE HELL IS MY CHOICE TO LIVE WITHOUT A GOVERNMENT?

I am very curious what no government means to you, and why you'd want to live in a place without one. I mean, it's one thing to want less government intrusion, but are we talking less/no taxes, or are we talking no police department, no public schooling, no fire department. Where do you draw the line?

What is so difficult to imagine? People would shop for security, fire protection services and schools the same way they shop for anything else. The needy would be provided for by voluntary charity. We draw the line at the the initiation of force. Initiating or threatening violence is not what holds communities and society together.

What is difficult for me to imagine is why anyone not wealthy would want to live in that sort of environment.

Because they'd get to live around wealthy people.

 

[TakeTheSkyRoad]

to which I say: WHERE THE HELL IS MY CHOICE TO LIVE WITHOUT A GOVERNMENT?

I am very curious what no government means to you, and why you'd want to live in a place without one. I mean, it's one thing to want less government intrusion, but are we talking less/no taxes, or are we talking no police department, no public schooling, no fire department. Where do you draw the line?

What is so difficult to imagine? People would shop for security, fire protection services and schools the same way they shop for anything else. The needy would be provided for by voluntary charity. We draw the line at the the initiation of force. Initiating or threatening violence is not what holds communities and society together.

What is difficult for me to imagine is why anyone not wealthy would want to live in that sort of environment.

Because they'd get to live around wealthy people.

Sounds like they'd love that.... you could ask the poor people that do that now.



Edit : I appreciate you might not have been 100% serious.... well, I hope

[niothor]

to which I say: WHERE THE HELL IS MY CHOICE TO LIVE WITHOUT A GOVERNMENT?

I am very curious what no government means to you, and why you'd want to live in a place without one. I mean, it's one thing to want less government intrusion, but are we talking less/no taxes, or are we talking no police department, no public schooling, no fire department. Where do you draw the line?

What is so difficult to imagine? People would shop for security, fire protection services and schools the same way they shop for anything else. The needy would be provided for by voluntary charity. We draw the line at the the initiation of force. Initiating or threatening violence is not what holds communities and society together.

What is difficult for me to imagine is why anyone not wealthy would want to live in that sort of environment.

Because they'd get to live around wealthy people.

and so poor people became wealthy people best companions finally replacing dogs    and cats

[hlynur]

to which I say: WHERE THE HELL IS MY CHOICE TO LIVE WITHOUT A GOVERNMENT?

I am very curious what no government means to you, and why you'd want to live in a place without one. I mean, it's one thing to want less government intrusion, but are we talking less/no taxes, or are we talking no police department, no public schooling, no fire department. Where do you draw the line?

What is so difficult to imagine? People would shop for security, fire protection services and schools the same way they shop for anything else. The needy would be provided for by voluntary charity. We draw the line at the the initiation of force. Initiating or threatening violence is not what holds communities and society together.

i highly doubt that during the process of transformation towards such a system the whole problem with gobal monopolistic companies backing up their status by influencing politics would simply disappear. Privatization in certain economical sectors like water or electrical power supply has led to very ugly developments at the expense of citizens in a lot of countries around the world.

I recommend the book "postdemocracy" by colin crouch at this point.

[San1ty]

Is this normal to not show any lower bids?

Bitcoin Wisdom is just generally fucked and never reports the right volumes.

a) btcwisdom truncates the order book, for speed reasons as the owner says. seeing that his site is usually up during heavy trading days when the others go down, i'm inclined to follow his logic.

b) the way the order book information is displayed is unintuitive at first maybe, but before claiming it's all wrong, first understand how prices are grouped. explanation is in the btcwisdom thread in the service subforum.

c) never heard of volume being wrong. quick check matches volume shown on tradingview. care to find some evidence for your claim?

I'm the one claiming lot's of data that bitcoinwisdom is showing is fucked up:

MACD numbers are wrong, they do not match tradingview (and my own calculations at all).

Volumes are correct if you refresh the page, but if you keep it open for a couple of hours (without internet connection loss obv). It'll start showing some real messed up volumes for the past couple of candles. If you refresh the page after that the volumes will be correct again.

What seems to be correct however is:
Price, Orderbook

In the end I got tired of websites showing me wrong data, I wrote my own (private).

If you are looking for a better site tho, I can suggest tradingview (as far as I checked their numbers are correct).

[billyjoeallen]

to which I say: WHERE THE HELL IS MY CHOICE TO LIVE WITHOUT A GOVERNMENT?

I am very curious what no government means to you, and why you'd want to live in a place without one. I mean, it's one thing to want less government intrusion, but are we talking less/no taxes, or are we talking no police department, no public schooling, no fire department. Where do you draw the line?

What is so difficult to imagine? People would shop for security, fire protection services and schools the same way they shop for anything else. The needy would be provided for by voluntary charity. We draw the line at the the initiation of force. Initiating or threatening violence is not what holds communities and society together.

If you haven't already I highly recommend reading the books by Ken MacLeod.

However the idealistic the dream the reality would probably put us back to the victorian age where the needy ended up in work houses and had to work for food but they didn't get anything else.  Just somewhere to sleep and food with no chance to improve their lot.

I've read Dickens, thank you. Victorian work houses were Victorian, as in under the monarch Queen Victoria. Adjusting for changes in technology, I hardly see modern public housing as an improvement. When people have to get their limbs sawed off one by one because they can't get off their fat asses long enough to prevent diabetes, those limbs are just as gone as they would be if they were caught in the machinery.

[freebit13]

Not really. It can have two winners. I bought at 300$ and sell for 600$, because I want to buy a camera. Then the prices rises to 900$, like you predicted. So buyer and seller win.

Rather: the guy you bought from (if he got for free) won 300$, you won 300$, the chap you sold to won 300$, ahd the chap he sold to lost 900$.

No, the last guy didn't lose $900, he got bitcoin...

[oda.krell]

Is this normal to not show any lower bids?

Bitcoin Wisdom is just generally fucked and never reports the right volumes.

a) btcwisdom truncates the order book, for speed reasons as the owner says. seeing that his site is usually up during heavy trading days when the others go down, i'm inclined to follow his logic.

b) the way the order book information is displayed is unintuitive at first maybe, but before claiming it's all wrong, first understand how prices are grouped. explanation is in the btcwisdom thread in the service subforum.

c) never heard of volume being wrong. quick check matches volume shown on tradingview. care to find some evidence for your claim?

I'm the one claiming lot's of data that bitcoinwisdom is showing is fucked up:

MACD numbers are wrong, they do not match tradingview (and my own calculations at all).

Volumes are correct if you refresh the page, but if you keep it open for a couple of hours (without internet connection loss obv). It'll start showing some real messed up volumes for the past couple of candles. If you refresh the page after that the volumes will be correct again.

What seems to be correct however is:
Price, Orderbook

In the end I got tired of websites showing me wrong data, I wrote my own (private).

If you are looking for a better site tho, I can suggest tradingview (as far as I checked their numbers are correct).

Didn't know about the volume error when not refreshing page. Sounds plausible, but seems benign to me if it's solved with a reload.

Re: MACD. Did you account for different MACD parameters? Both tradingview and btcwisdom allow you to set your own parameters, which in case of tradingview includes price source itself.

[hdbuck]

Not really. It can have two winners. I bought at 300$ and sell for 600$, because I want to buy a camera. Then the prices rises to 900$, like you predicted. So buyer and seller win.

Rather: the guy you bought from (if he got for free) won 300$, you won 300$, the chap you sold to won 300$, ahd the chap he sold to lost 900$.

No, the last guy didn't lose $900, he got bitcoin...

yea but then the price collapses back to $300..