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Question: When will BTC get back above $70K:
7/14 - 0 (0%)
7/21 - 1 (0.8%)
7/28 - 11 (9.1%)
8/4 - 16 (13.2%)
8/11 - 7 (5.8%)
8/18 - 6 (5%)
8/25 - 8 (6.6%)
After August - 72 (59.5%)
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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 26484566 times)
This is a self-moderated topic. If you do not want to be moderated by the person who started this topic, create a new topic. (174 posts by 3 users with 9 merit deleted.)
Wekkel
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yes


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June 23, 2021, 05:29:00 AM

The real boss: https://panteracapital.com/blockchain-letter/human-nature-is-pro-cyclical/

It’s just a cycle. Grow a pair  Grin
modrobert
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-"When the going gets weird, the weird turn pro."


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June 23, 2021, 05:52:16 AM
Merited by JayJuanGee (1)

Bitcoin core developer Pieter Wuille...

Quote
For the first time in... I think forever, I'm going to need to adjust the range of my hashrate graphs downwards. http://bitcoin.sipa.be/speed-lin-10k.png
Source: https://twitter.com/pwuille/status/1407447313988014081

Regarding hashrate and the protection of Bitcoin blockchain, I don't see any reason for concern, still ridiculously high level of protection even if you would move down towards 10% of current hashrate. If large scale mining operations gets hunted down and obliterated like old exchanges (starting to look that way) it will be more smaller scale operations working with lower difficulty instead (as Satoshi intended). If you really worry and want to support, then start mining small scale, without profit in mind.

I've recently installed the latest Bitcoin core client (bitcoind), currently downloading the blockchain, and will start solo mining with my old Jalapeno ASIC to support with a full node once again and do some minuscule mining.
ChartBuddy
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June 23, 2021, 06:01:34 AM


Explanation
JayJuanGee
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Self-Custody is a right. Say no to"Non-custodial"


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June 23, 2021, 06:10:30 AM
Last edit: June 23, 2021, 06:48:30 AM by JayJuanGee
Merited by xhomerx10 (1)

You admitted to being a congenital liar or a fake buffoon.
It figures.

I did not admit to either or both of those.

I doubt that I am very popular, but rarely have I been accused of being some form of disingenuous... except maybe rare occasions when certain members are getting too emotionally involved in some kind of seemingly irrelevant derailed personal attack and battle coming within their own feelings, which seems to be where you are currently wanting to go with this thread of our conversation.

Historically, you have devolved into quite a few emotional outbursts in your interactions with me, yet frequently your simultaneous solicitations for the help of others to chime into your concerns does not really seem to bring results - unless you happen to write some content that is actually funny - even if it is meant to be a dig toward me... .

Don't get me wrong.. because I hardly give any shits, but just saying about your ongoing devolutions into emotionalism, that's all.

I am speculating that perhaps an employment of a wee bit more humor from you could be helpful for your own dealings with whatever dilemmas you seem to be having... .. and surely it could even save you from some of your own bafooneries.. though you do come out with some pretty ridiculous ones, fairly regularly... .. and surely no need to repeat any of those here...   posts speak for themselves.   Wink

 
Bitcoin in July



Well no I should hope not ofc.


 

To me, it seems to NOT be very good for karma to be saying what you "don't want".. #justpointingitout

Your response shows that we are talking about two different things.  

You really seem to be talking about using bots for trading, which surely is beyond my skillset or even my desired things that I would like to learn.

Does sound like a potentially good way of making good returns, so long as you are good at programing, like you said, and you have some parameters that you want to set that will likely work well without the bot going beserk on you... but of course, if you either limit the wallet balance within the hands of the bot and/or make sure that you are not setting parameters in a way that you are not going to get drained.. then you may well have to give a lesson on that here for peeps who might be interested in doing something like that.. at least in the event that you don't want to give away too many trade secrets, either.

The first bot I used with some minor modifications was this one by prof7bit written in Python:

https://bitcointalk.org/index.php?topic=181584.0

Later used one in Java for BTC-e (now defunct, another destroyed exchange).

I would most likely port the old Python one (see link) to support the Binance API, but we will see, not going to bother unless we see some volatility/oscillation action.

Might be interesting to know if you would be successful.. in terms of getting a bot to work on another exchange.

Of course, if you had used something like that on MTGOX and then on BTC-e that is quite historical happenings rather than recent happenings.. so you may well be out of practice or rusty, no?

I never did try to set up an account on MTGOX, but BTC-e was an easy place to set up an account in early days (talking late 2013). and yeah, I lost some coins on that exchange (I think that it was around mid 2017?) and I probably should have discontinued using them at a certain point, but did not really realize how badly it was going to devolve.., even though the signs were fairly strong..

PS  By the way @modrobert, I reflected a wee bit more on your stated concern about lack of volatility and/or oscillation, and jeez.. I am wondering what level of volatility and/or oscillation do "need" in bitcoinlandia in order to feel comfortable?  

Perhaps you are looking for BTC prices to stay in a smaller price range?.. and I wonder if you would be able to get consistent returns.. not that you would be very likely to get me to change anything that I do (including the employment of a trading bot).. because right now I consider myself as a mostly HODLer and an accumulator who uses trading for insurance purposes, and I do consider that I trade relatively BIG swings relative to my beginning history ..

I started out trading less than $5 price moves  (and surely the price spread was around $10.. I cannot remember exactly), but sure the BTC price was then only around $250.. and now my trades are $1k price moves between trades, but my spreads are $6k to $7k .. but then if we get back to $60k-ish then my intervals become something like $3,000 and the spreads shuld be BIGGER too.. but sometimes I am NOT sure how those spreads will get BIGGER or even how much dollars/or sats that I might be stacking up until we get there also..  Anyhow, with the passage of time, it does seem that I am quite a bit less active - even though I am setting my orders manually, and of course if the BTC price moves $10k or $20k in a few days, that does tend to cause me to have to be more active in the order resetting arena...  

For example on the most recent BTC price move:  I had sell orders execute in the $37ks $38ks, $39ks, $40k (the ones in the $41ks did not execute); then I had buy orders that executed in the $34ks, $33ks, $32ks, $31ks, $30ks and $29ks (the ones in the $28ks did not execute).  My next sell orders are in the $35ks and every $1k thereafter for quite a ways up.
El duderino_
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June 23, 2021, 06:33:23 AM

https://twitter.com/tuurdemeester/status/1407344499337072649?s=21

JayJuanGee
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June 23, 2021, 06:37:59 AM


I cannot view that tweet:

mine says:

>>>>
This account owner limits who can view their Tweets. Learn more<<<<<

What I be missing...?  Cry Cry Cry
El duderino_
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June 23, 2021, 06:47:39 AM
Merited by vapourminer (1), xhomerx10 (1), JayJuanGee (1), modrobert (1)


I cannot view that tweet:

mine says:

>>>>
This account owner limits who can view their Tweets. Learn more<<<<<

What I be missing...?  Cry Cry Cry

Finally some China crackdown explanations that make sense:




Just some Tuur De Meester…. Mostly he knows his stuff…
https://twitter.com/nic__carter/status/1407337239521157120?s=21

shahzadafzal
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June 23, 2021, 06:48:25 AM



This news shocked me that China has administered more than 1 billion Covid-19 vaccines.

This seems off topic but it's not... China is always 10 steps ahead of the world in every field, pick any and we see China is leading in it.

Same what happened in case of Bitcoin mining or let say war of crypto currencies in general, China seems to be the sole winner as a nation. How? What black magic do they posses?? for comparison here on bitcointalk I don't see many Chinese around, even the local Chinese board is one of the least performing local board. Yes we can argue English language might be the reason but in that case whole internet is in English mostly but still on ground China is leading.

I don't know when and how China took over Bitcoin and Bitcoin mining but I believe China is shaping the world. We can have difference with Elon but when he pointed out that one Chinese coal mine incident effected the bitcoin computing power up to 1/3 was shocking and true at the same time.

So at the moment I feel China and Bitcoin are going hand to hand. If Bitcoin effects China (whether its control or monitoring or whatever they feel) China will effect bitcoin.
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Never selling


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June 23, 2021, 06:58:31 AM
Merited by Wekkel (1)

More on china miner shutdown. Click link to read full thread, it's very informative.

https://twitter.com/SinoCrypto/status/1407524150885994497


modrobert
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June 23, 2021, 07:00:20 AM
Last edit: June 23, 2021, 07:43:12 AM by modrobert
Merited by vapourminer (1), JayJuanGee (1)


The first bot I used with some minor modifications was this one by prof7bit written in Python:

https://bitcointalk.org/index.php?topic=181584.0

Later used one in Java for BTC-e (now defunct, another destroyed exchange).

I would most likely port the old Python one (see link) to support the Binance API, but we will see, not going to bother unless we see some volatility/oscillation action.

Might be interesting to know if you would be successful.. in terms of getting a bot to work on another exchange.

Of course, if you had used something like that on MTGOX and then on BTC-e that is quite historical happenings rather than recent happenings.. so you may well be out of practice or rusty, no?

I never did try to set up an account on MTGOX, but BTC-e was an easy place to set up an account in early days (talking late 2013). and yeah, I lost some coins on that exchange (I think that it was around mid 2017?) and I probably should have discontinued using them at a certain point, but did not really realize how badly it was going to devolve.., even though the signs were fairly strong..

PS  By the way @modrobert, I reflected a wee bit more on your stated concern about lack of volatility and/or oscillation, and jeez.. I am wondering what level of volatility and/or oscillation do "need" in order to feel comfortable?  Perhaps you are looking for a smaller range.. and I wonder if you are able to get consistent returns.. not that you would be very likely to get me to change anything that I do.. because right now I consider myself as a mostly HODLer and an accumulate, but I do trade relatively BIG swings relative to my history.. I started out trading less than $5 price moves, but sure the price was then only around $250.. and now my trades are $1k price moves, but the spread is $6k to $7k so they tend to take a while to trigger upon a reversal.. most of the time.

If you are interested in learning to program enough to make changes to source code (with trader background), I suggest focusing on the math in existing source code and learn that part in said programming language first, and then build from that (execution order can be tricky to follow in modern languages). Let the bot announce/print the orders placed without actually doing anything towards exchange to debug, or run with code in bot so you manually confirm each order until it seems correct and stable enough to run on its own.

Ideal conditions for rebalancing bot; when Bitcoin moves through existential crisis support wise (note, people go berserk, the core idea is still solid), happened several times in the past (not sure if we are getting into to one soon), then you can get these huge oscillations going as traders panic and with the bot range set correctly you start cashing in on 10% movement each direction from center, full cycle/swing (buy and sell order triggered alternating) every five minutes or so on average, it's amazing to watch when tuned right and it triggers on orders faster than you can verify the orders placed (especially if you add some cool "KA-TCHING" sound effect to each triggered trade). During normal conditions with oscillating market it's a way to cash in like 10% profit on a weekly basis while moving sideways on the whole, not very exciting, especially if you are a pro trader, but perhaps good if you have limited time to trade and are busy with other things.

In the case of BTC-e I was surprised as well, but had BTC in personal wallet when it shutdown (learned that the hard way from being goxxed). When I read the indictment about alleged "international money laundry" it was clear to me US gov wanted BTC-e dead and Vinnik in prison, they use that bullshit excuse to get foreigners extradited regardless if based on real suspicion or not.
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June 23, 2021, 07:01:25 AM


Explanation
Xinarae*
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June 23, 2021, 07:06:10 AM


I cannot view that tweet:

mine says:

>>>>
This account owner limits who can view their Tweets. Learn more<<<<<

What I be missing...?  Cry Cry Cry

Finally some China crackdown explanations that make sense:




Just some Tuur De Meester…. Mostly he knows his stuff…
https://twitter.com/nic__carter/status/1407337239521157120?s=21



Well but Earlier, China had made many decisions and later worked to re-invest While many borough economists around the world are investing in bitcoin, China is suddenly making a decision that seems to me to be confusing to investors.
Currently seems to me now that China is trying to balanced Bitcoin market temporarily.
El duderino_
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June 23, 2021, 07:28:51 AM

https://twitter.com/tuurdemeester/status/1407375510762631169?s=21

Interesting thread as well…
shahzadafzal
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June 23, 2021, 07:33:59 AM



"This account owner limits who can view their Tweets. Learn more"

Did Twitter change viewing options?? Something new tweets used to be public unless you're blocked individually.

Edit:
Nothing new its seems account itself is protected "These Tweets are protected", which means "Only approved followers can see @TuurDemeester’s Tweets."
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Cлaвa Укpaїнi!


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June 23, 2021, 07:36:32 AM

I also get that. Annoying.
El duderino_
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June 23, 2021, 07:37:20 AM

El duderino_
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June 23, 2021, 07:38:34 AM



"This account owner limits who can view their Tweets. Learn more"

Did Twitter change viewing options?? Something new tweets used to be public unless you're blocked individually.

Edit:
Nothing new its seems account itself is protected "These Tweets are protected", which means "Only approved followers can see @TuurDemeester’s Tweets."


Wow feeling special as an approved one, didn’t know actually

Will post the thread after work out, gotta run but will post it later …..

Excuse me Sir’s
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June 23, 2021, 08:01:25 AM


Explanation
ChartBuddy
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June 23, 2021, 09:01:33 AM


Explanation
modrobert
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June 23, 2021, 09:21:46 AM



Red circles looks similar, cliff or hill this time? Wink
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