Bitcoin Forum
April 28, 2024, 06:34:00 PM *
News: Latest Bitcoin Core release: 27.0 [Torrent]
 
   Home   Help Search Login Register More  
Poll
Question: What happens first:
New ATH - 43 (69.4%)
<$60,000 - 19 (30.6%)
Total Voters: 62

Pages: « 1 ... 30116 30117 30118 30119 30120 30121 30122 30123 30124 30125 30126 30127 30128 30129 30130 30131 30132 30133 30134 30135 30136 30137 30138 30139 30140 30141 30142 30143 30144 30145 30146 30147 30148 30149 30150 30151 30152 30153 30154 30155 30156 30157 30158 30159 30160 30161 30162 30163 30164 30165 [30166] 30167 30168 30169 30170 30171 30172 30173 30174 30175 30176 30177 30178 30179 30180 30181 30182 30183 30184 30185 30186 30187 30188 30189 30190 30191 30192 30193 30194 30195 30196 30197 30198 30199 30200 30201 30202 30203 30204 30205 30206 30207 30208 30209 30210 30211 30212 30213 30214 30215 30216 ... 33305 »
  Print  
Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 26368957 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.)
cygan
Legendary
*
Online Online

Activity: 3136
Merit: 7714


Cashback 15%


View Profile WWW
February 16, 2022, 07:13:20 PM

1714329240
Hero Member
*
Offline Offline

Posts: 1714329240

View Profile Personal Message (Offline)

Ignore
1714329240
Reply with quote  #2

1714329240
Report to moderator
1714329240
Hero Member
*
Offline Offline

Posts: 1714329240

View Profile Personal Message (Offline)

Ignore
1714329240
Reply with quote  #2

1714329240
Report to moderator
The trust scores you see are subjective; they will change depending on who you have in your trust list.
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
1714329240
Hero Member
*
Offline Offline

Posts: 1714329240

View Profile Personal Message (Offline)

Ignore
1714329240
Reply with quote  #2

1714329240
Report to moderator
BobLawblaw
Legendary
*
Offline Offline

Activity: 1822
Merit: 5551


Neighborhood Shenanigans Dispenser


View Profile
February 16, 2022, 07:24:54 PM

#LNMETA

Just processed a payment that was about 6-10x the on-chain cost of doing the transaction.

Going to need a bit to fully grok this.
ImThour
Copper Member
Legendary
*
Offline Offline

Activity: 1400
Merit: 1512


Bitcoin Bottom was at $15.4k


View Profile
February 16, 2022, 07:28:57 PM
Merited by El duderino_ (4), BobLawblaw (2)

BTC Volume (2011-2022)
Big moves require big volume. Last time we had volume cross MA was in Jan 2021.
JayJuanGee
Legendary
*
Online Online

Activity: 3696
Merit: 10180


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


View Profile
February 16, 2022, 07:30:28 PM

I am a Crab, what about you guys?

HODLer.

But anyway. What kind of creature would I be with just 1 Satoshi?   Huh

You would be pathetic.

There's nothing wrong with being a humble bumble.. but many errors have been made by guys who get into BTC and they take some kind of whimpy position/stance and then just rest on their laurels.

Of course, you should attempt to find your own adequate level of reasonable/prudent aggressiveness, and since bitcoin remains such an asymmetric bet, it is not like you need to invest a lot into it in order to have decent potentials of profiting stupendously from its upside potential...

so your level of aggressiveness needs to be something that you arrive at with a certain level of personal comfort (psychologically and financially)...

These days I would consider $10 per week to be a pretty whimpy level of BTC investment, but at least it is something and some people are ONLY able to do something like $10 per week.,. but even $10 per week is going to get you around 22k satoshis per week.   Also, these days, I have been pushing folks to consider if they can get up to $100 per week, and surely that is 10x more than $10 per week, and in that respect, each of us should be attempting to figure out how aggressive we can be without putting strain on our ability to meet our monthly expenses.. and even to maintain an emergency fund that does not cause us to have to dip into our BTC at any time that is other than our own choosing... which means that our emergency fund needs to be from sources/resources that are outside of our BTC investment.

I understand that you are just joking with your 1 satoshi reference.. yet the reality of the matter, especially if we view BTC accumulation in terms of satoshis, we can see that there are still decent abilities to accumulate quite a few satoshis without even having a really BIG budget.... and surely getting into the hundreds of thousands of satoshis and even into the millions of satoshis is still in reach  (for now) for many normies... but there is a need to act rather than just sitting back and waiting for the BTC price to go up.. and then later saying.. "oh shit, maybe I should have accumulated more back when satoshis were cheaper?" 

We have quite a few folks doing that.. and if we attempt to learn from the mistakes from others, we should be attempting to learn that it is better to act now to figure out a reasonable/prudent and perhaps aggressive BTC accumulation plan and put such plan into place rather than just waiting around for the BTC price to go up (which surely it is going to do, but if we ONLY have small levels of BTC/satoshi accumulation, its going to be more difficult to profit from the ongoing largest wealth transfer in history that is going on right in front of our eyes.. whether we can recognize it and appreciate it or not).


Just checked the whether report to see when the rain is gonna stop, guess what, it isn't.
It's a ten day prognosis and it forecasts rain for ten days straight, Jippi!

Storms coming here tomorrow so I got up on the roof to take a look at what's been causing a leak and it seems that neither the people who replaced the roof last time nor the people who did it the time before had any fucking idea how to flash in a dormer window. Best I could do for now is slather some goop on but I may have to look at getting it done properly this year.

I just solved an infuriating roof leak around my wood stove flue myself, after pulling my hair out going round and round with the builder's crewmen for about 6 months on the leak issue. During storms, water was leaking in around the ceiling collar and dripping right down on top of my wood stove.

Turns out it was a hair leak where the outside stove flue meets the storm collar, even though they had reassured me multiple times that the storm collar had been amply caulked with the proper roofing sealant and that no way that water could be getting in through there. No it had not!

After re-caulking over it myself with liquid rubber (along with virtually everything else around it up there), problem fixed. No more leak.

Lesson learned: don't ever assume or trust that builder's crewmen know what the fuck they are doing, or what they are talking about. Even on a brand new build or installation.

hahahahahaha

I can see that your seemingly overly skepticism can sometimes pay off quite well..

 Cheesy Cheesy Cheesy Cheesy Cheesy

We're not going to make it beyond $99,999. Go ahead, watch.

Historically, in bitcoinlandia, the round numbers do not tend to work like that - even if quite a few normies seem to have tendencies to go down that belief path. 
IKR, I thought I made it obvious that it's a joke to reference of this post.

Sure.. a joke...

neither your post history or even the current state of bitcoin makes such joke obvious, which seem to me to justify a discussion of the actual substance.. whether funny or not.




The overall idea of that picture is not bad, and I would have sent a merit if it had not had some pretty deep underlying flaws.

It is not ONLY that I so detest that term "crypto," but just the use of the term "crypto" ends up helping to direct one's attention to aspects of the fundamental flaws of the image... and, I surely doubt that it is helpful to be using such a term in order to attempt to appreciate what is really going on in this here digitalization of financial space...

Maybe I will help with a rhetorical question?  Have you ever heard of bitcoin?

Bitcoin happens to be quite an innovative thing that was first outlined in a whitepaper in late 2008 and then its first block was mined in January 2009. 

Seems to me that the thingie-ma-jiggie called bitcoin is really what facilitated the ability to both have meaningful digital financialization but also to ensure that such digital financialization is almost completely unfuck-with-able.  It really did not start in 2020.. but the innovative break-through happened around 2008/2009.. and maybe it took a few years to realize that the innovative break-through that had taken place in 2008/2009 - and many of us realized the financial innovation way the hell before 2020 - even though even now some peeps/normies/newbies are just barely beginning to recognize such digital financialization break through that found a significant break through in around 2008/2009...
ChartBuddy
Legendary
*
Offline Offline

Activity: 2156
Merit: 1745


1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ


View Profile
February 16, 2022, 08:01:22 PM


Explanation
ImThour
Copper Member
Legendary
*
Offline Offline

Activity: 1400
Merit: 1512


Bitcoin Bottom was at $15.4k


View Profile
February 16, 2022, 08:05:45 PM

BTC is forming Hanging Man Candlestick on Daily Timeframe
goldkingcoiner
Legendary
*
Online Online

Activity: 2030
Merit: 1660


Verified Bitcoin Hodler


View Profile WWW
February 16, 2022, 08:25:13 PM
Merited by JayJuanGee (2)

BTC is forming Hanging Man Candlestick on Daily Timeframe


I wanted to tell you before but I couldn't really care at that time.

Anyway,

Don't look into sole candlestick patterns too much, especially when they haven't formed yet. Look at the last 3 fully formed and finished candlesticks. Thats what will give you the clue on the next candlestick.

But also other indicators can come in handy, like RSI. Don't just look, but draw trend lines and watch for repeating patterns, not just historically accepted patterns.

Your resistances and supports should come from your self drawn trend triangles and fibonacci retracements.

Everyone is looking at the same chart. Everyone thinks they can be the first to get into a trade when the candlestick changes. No, the trading bots (Very professional, non retail ones) get in first. Always. Don't waste your time chasing candlestick signals.

Trade by top/bottom probability, not by being the first to see a "signal"
ImThour
Copper Member
Legendary
*
Offline Offline

Activity: 1400
Merit: 1512


Bitcoin Bottom was at $15.4k


View Profile
February 16, 2022, 08:34:26 PM

BTC is forming Hanging Man Candlestick on Daily Timeframe


I wanted to tell you before but I couldn't really care at that time.

Anyway,

Don't look into sole candlestick patterns too much, especially when they haven't formed yet. Look at the last 3 fully formed and finished candlesticks. Thats what will give you the clue on the next candlestick.

But also other indicators can come in handy, like RSI. Don't just look, but draw trend lines and watch for repeating patterns, not just historically accepted signals.

Your resistances and supports should come from your self drawn trend triangles and fibonacci retracements.

Everyone is looking at the same chart. Everyone thinks they can be the first to get into a trade when the candlestick changes. No, the trading bots (Very professional, non retail ones) get in first. Always. Don't waste your time chasing candlestick signals.

Trade by probability, not by being the first to see a "signal"
I do have support and resistance set which isn't visible in the chart because of the zoom in.
Also, I don't trade however I try to predict the next move.

Thanks for your advice!
ChartBuddy
Legendary
*
Offline Offline

Activity: 2156
Merit: 1745


1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ


View Profile
February 16, 2022, 09:01:25 PM


Explanation
JayJuanGee
Legendary
*
Online Online

Activity: 3696
Merit: 10180


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


View Profile
February 16, 2022, 09:18:47 PM

BTC Volume (2011-2022)
Big moves require big volume. Last time we had volume cross MA was in Jan 2021.


That assertion about trade volume being a condition precedent to achieve BIG MOVES is baloney ImThour.

Frequently, we will experience a kind of trickle up in BTC prices that is not accompanied by high volume until later.. and surely the moving up can trigger a later high volume, but high volume need NOT be the thing that comes first..

Accordingly, at some point, high volume might kick-in to begin a battle that may or many not change the direction/momentum that had already been taking place with relatively low volume...

I will concede that high volume may well confirm the underlying real nature of the UP move that had already been taking place, but high volume is not any kind of condition precedent that has to be there in order for UPpity to actually happen or to be in the works.. and if you think about the matter, sometimes by the time the high volume comes into place to try to stop; the UPpity, it is too little too late.. .but it still shows up on the charts as a battle that had taken place.
El duderino_
Legendary
*
Offline Offline

Activity: 2492
Merit: 12015


BTC + Crossfit, living life.


View Profile
February 16, 2022, 09:52:07 PM
Merited by LFC_Bitcoin (6), BobLawblaw (2), xhomerx10 (1), Hueristic (1), JayJuanGee (1), OROBTC (1), ivomm (1), psycodad (1), OutOfMemory (1)

ChartBuddy
Legendary
*
Offline Offline

Activity: 2156
Merit: 1745


1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ


View Profile
February 16, 2022, 10:01:21 PM


Explanation
OROBTC
Legendary
*
Offline Offline

Activity: 2912
Merit: 1852



View Profile
February 16, 2022, 10:18:47 PM




Hah!  Dude, I hope you're feeling better (I've been absent awhile from here).  Still have that sense of humor, bigly...

Looks like I didn't miss much on the price action while absent....


[edited]


El duderino_
Legendary
*
Offline Offline

Activity: 2492
Merit: 12015


BTC + Crossfit, living life.


View Profile
February 16, 2022, 10:42:04 PM

Yes all is good, wasn’t to sick my self actually ….
ChartBuddy
Legendary
*
Offline Offline

Activity: 2156
Merit: 1745


1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ


View Profile
February 16, 2022, 11:01:21 PM


Explanation
ChartBuddy
Legendary
*
Offline Offline

Activity: 2156
Merit: 1745


1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ


View Profile
February 17, 2022, 12:01:27 AM


Explanation
ChartBuddy
Legendary
*
Offline Offline

Activity: 2156
Merit: 1745


1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ


View Profile
February 17, 2022, 01:01:25 AM


Explanation
BobLawblaw
Legendary
*
Offline Offline

Activity: 1822
Merit: 5551


Neighborhood Shenanigans Dispenser


View Profile
February 17, 2022, 01:12:53 AM
Last edit: February 17, 2022, 01:30:57 AM by BobLawblaw
Merited by Krubster (1)

... later that day

Yeah. Fuck. I'm doing 3x the daily return of an S9 in routing fees today.

Goddamnit

#LNMETA
Just processed a payment that was about 6-10x the on-chain cost of doing the transaction.
Going to need a bit to fully grok this.
philipma1957
Legendary
*
Offline Offline

Activity: 4102
Merit: 7770


'The right to privacy matters'


View Profile WWW
February 17, 2022, 01:52:36 AM

... later that day

Yeah. Fuck. I'm doing 3x the daily return of an S9 in routing fees today.

Goddamnit

#LNMETA
Just processed a payment that was about 6-10x the on-chain cost of doing the transaction.
Going to need a bit to fully grok this.

so an s9 makes 14 x .22 cents = 3.08 x 3 = say 9.25 usd in BTC correct?

or 9.25/44000 = 0.0002102272727 btc a day

now lets do 365 x that = 0.0767329 btc yearly  so if you did 1.0btc to load the unit

and earn 0.0767329    you made 7.67% on your btc.

the questions are:

can you do this for a year?
what is the risk you get the whole 1 btc drained?

and you do realize this is basically POS scheme for btc?

power cost for a node is only 90kwatts a year or 9-18 usd.

Not against it just not sure if it is good or not good.
ChartBuddy
Legendary
*
Offline Offline

Activity: 2156
Merit: 1745


1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ


View Profile
February 17, 2022, 02:01:22 AM


Explanation
Pages: « 1 ... 30116 30117 30118 30119 30120 30121 30122 30123 30124 30125 30126 30127 30128 30129 30130 30131 30132 30133 30134 30135 30136 30137 30138 30139 30140 30141 30142 30143 30144 30145 30146 30147 30148 30149 30150 30151 30152 30153 30154 30155 30156 30157 30158 30159 30160 30161 30162 30163 30164 30165 [30166] 30167 30168 30169 30170 30171 30172 30173 30174 30175 30176 30177 30178 30179 30180 30181 30182 30183 30184 30185 30186 30187 30188 30189 30190 30191 30192 30193 30194 30195 30196 30197 30198 30199 30200 30201 30202 30203 30204 30205 30206 30207 30208 30209 30210 30211 30212 30213 30214 30215 30216 ... 33305 »
  Print  
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!