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

[klee]

Obviously Fallling is a bit of a dick but the guy is honestly right more than any of you bulls are. Fallling why exactly do you troll so much and hate bitcoin is it because you honestly see no need for it? I finally made an account on here out of frustration because I guess I'm a "weak-hand". I buy 5 BTC a week ago because all the experts on here tell me we should start seeing some upward pressure but all I've seen is my money down the toilet and don't expect to see any actual gains any time soon. My knowledge of trading is very elementary but it appears most people's views on here are pretty out of touch with reality. Anytime you say "Cheap coins!?" because the price is dropping and then a week later it drops some more..well you messed up there didn't you because ya could have gotten them a tad bit cheaper.

There are basically to ways to invest:
1) Buy when there is blood - you may catch a falling knife though
2) Buy in a rally (in the beginning, you should be able to tell when it is worth getting in) - you may get in late

Usually if you respect your fiat you choose 2)
If you invest what you can afford to lose you go with 1)

Don't accuse the 'experts' bro..

Klee - It seems that you are leaving out the dollar cost averaging practice, and implicitly suggesting that investors put all their money in at once or some variation of putting in all your money at once.

Otherwise, I do NOT disagree with you b/c it seems as if, here, 2collect is attempting to shirk responsibility for his/her own investment choices and decision-making... and it remains a bit irritating to be blamed b/c the price moved the opposite as expected (at least in the short-term)

Not sure that I understand what you wrote but I refer to the amount of money someone has already decided to invest - if it is relative big for him better go with  2), if it is small then 1).

I personally believe that dollar cost averaging is better.. so let's say that a person has $5k that he wants to invest.  Accordingly, he should figure out a timeline to invest it (whether over a month or six months).  Of course, if the market is shooting up, then he would have been best off to invest it all at once (but he does NOT know); however, if the market is volatile, then he is NOT so busy attempt to time the market and to catch the falling knife... 

Either way, he's gotta ultimately take responsibility for his own plan and to own it, rather than to blame others - of course, unless he has an investment adviser, then he can blame the investment adviser.  We, here, in this thread are NOT generally serving as investment advisers... at least I do NOT see my role in that regard... and I do NOT consider others as my investment advisers.  Instead, I figure my own strategy and take responsibility for it, which 2 collect does NOT seem to be willing to take responsibility for his own investment decision(s).

Got it now thanks, less risky for sure (but less possible returns too).

[1715320109]

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[SFHere]

Note to self: stay the f**k away from BTC-e.

?? context plz

Check BTC-e on bitcoinwisdom.  It looks like 2, maybe 3 or 4, bots battling it out.  Their volume is insane, nearly all in small amounts.  To me, it looks like something went haywire.

I find it extremely odd that the only time they post high volume is when they initiate a downward trend.

Something seems fishy...

[Gyrsur]

...

So I would rather think the opposite: the general market wants a lower price, but there are a few whales (maybe just one) who are spending a lot of money in order to keep it just above 500$.  

Anyone else sees this too?

and the whale(s) is(are) gone and the price is below 500$.

[grappa_barricata]

I think BTC-E has technical problems... the bids and asks intersect at times, maybe it is just an artifact of bitcoinwisdom, but maybe not.

[shmadz]

Lol, the market is exploding, watching the action on btc e right now is nuts, the green-red flickering of the price is enough to give you a seizure, and JJG is still using many words to say very little.

It's comforting to know that in these chaotic times, some things never change.

 

[2collect]

Obviously Fallling is a bit of a dick but the guy is honestly right more than any of you bulls are. Fallling why exactly do you troll so much and hate bitcoin is it because you honestly see no need for it? I finally made an account on here out of frustration because I guess I'm a "weak-hand". I buy 5 BTC a week ago because all the experts on here tell me we should start seeing some upward pressure but all I've seen is my money down the toilet and don't expect to see any actual gains any time soon. My knowledge of trading is very elementary but it appears most people's views on here are pretty out of touch with reality. Anytime you say "Cheap coins!?" because the price is dropping and then a week later it drops some more..well you messed up there didn't you because ya could have gotten them a tad bit cheaper.

There are basically to ways to invest:
1) Buy when there is blood - you may catch a falling knife though
2) Buy in a rally (in the beginning, you should be able to tell when it is worth getting in) - you may get in late

Usually if you respect your fiat you choose 2)
If you invest what you can afford to lose you go with 1)

Don't accuse the 'experts' bro..

Klee - It seems that you are leaving out the dollar cost averaging practice, and implicitly suggesting that investors put all their money in at once or some variation of putting in all your money at once.

Otherwise, I do NOT disagree with you b/c it seems as if, here, 2collect is attempting to shirk responsibility for his/her own investment choices and decision-making... and it remains a bit irritating to be blamed b/c the price moved the opposite as expected (at least in the short-term)

Not sure that I understand what you wrote but I refer to the amount of money someone has already decided to invest - if it is relative big for him better go with  2), if it is small then 1).

I personally believe that dollar cost averaging is better.. so let's say that a person has $5k that he wants to invest.  Accordingly, he should figure out a timeline to invest it (whether over a month or six months).  Of course, if the market is shooting up, then he would have been best off to invest it all at once (but he does NOT know); however, if the market is volatile, then he is NOT so busy attempt to time the market and to catch the falling knife... 

Either way, he's gotta ultimately take responsibility for his own plan and to own it, rather than to blame others - of course, unless he has an investment adviser, then he can blame the investment adviser.  We, here, in this thread are NOT generally serving as investment advisers... at least I do NOT see my role in that regard... and I do NOT consider others as my investment advisers.  Instead, I figure my own strategy and take responsibility for it, which 2 collect does NOT seem to be willing to take responsibility for his own investment decision(s).

Hey I'm just wondering why you are so insecure? Off of one paragraph that I wrote you have attempted to take little pot shots at me in everyone of your posts. If my average buy in price is much lower then yours, which mine is much lower, wouldn't I seem to be having a little more success then you? Are you completely blind and feel the need to ignore my post where I said I TAKE 1000% of the responsibility for any investment I make. This is literally you trying to get mad at someone due to your own insecurities.

[shmadz]

...

So I would rather think the opposite: the general market wants a lower price, but there are a few whales (maybe just one) who are spending a lot of money in order to keep it just above 500$.  

Anyone else sees this too?

and the whale(s) is(are) gone and the price is below 500$.

To me it looks like someone is loading the boat at 484.151

Almost seems an insatiable appetite

Stay tuned!

[lay785]

looks like the same bot on btc_e buying and then instantly selling. buy and sell price are somehow the same as well: https://bitcoinwisdom.com/markets/btce/btcusd

edit: no slippage because the bot is buying and selling to itself.....

[ChartBuddy]

Explanation

[Gyrsur]

...

So I would rather think the opposite: the general market wants a lower price, but there are a few whales (maybe just one) who are spending a lot of money in order to keep it just above 500$.  

Anyone else sees this too?

and the whale(s) is(are) gone and the price is below 500$.

To me it looks like someone is loading the boat at 484.151

Almost seems an insatiable appetite

Stay tuned!

200 btc wall on btc-e right now at this price.

[raid_n]

on btc-e it kind of looks like someone is manipulating a bot into selling?

[grappa_barricata]

Everything is bouncing

[klee]

So, is anybone still bored?  

[abercrombie]

Woah, never saw btc-e volume like this.  It's insane! 

[Newbie1022]

This s--- is rigged, the inherent strangeness (not just simple volatility) scares of newcomers... how hard would it be to just stop all of the bulls---. The flash crashes, the super dumpers, the malfunctioning exchanges, the sites not having a supply of Bitcoins to sell, etc., etc., etc.

Like let's just cut it out for a while. Thanks.

[shmadz]

on btc-e it kind of looks like someone is manipulating a bot into selling?

Looks like selling pressure is easing off, buy the coin eater has not yet had his fill.

Fun stuff

[Luxasd]

[raid_n]

This s--- is rigged, the inherent strangeness (not just simple volatility) scares of newcomers... how hard would it be to just stop all of the bulls---. The flash crashes, the super dumpers, the malfunctioning exchanges, the sites not having a supply of Bitcoins to sell, etc., etc., etc.

Like let's just cut it out for a while. Thanks.

I'm not sure if the exchange is malfunctioning. If you figured out the algorithm a trade-bot uses and it has a weakness you can basically farm it dry

[edit] just to clarify this
You basically induce buying/selling of the bot while trying not to move the price too much or else the trade rules that particular bot uses might change. At least that is how I would go about it if I found a repeatable pattern that a bot follows which is profitable.

[Sandia]

This s--- is rigged, the inherent strangeness (not just simple volatility) scares of newcomers... how hard would it be to just stop all of the bulls---. The flash crashes, the super dumpers, the malfunctioning exchanges, the sites not having a supply of Bitcoins to sell, etc., etc., etc.

Like let's just cut it out for a while. Thanks.

You are taking all of the fun out of it. 

[Newbie1022]

Dear Robot Santa,

Do not turn off, now that you are moving up instead of down, until you reach $1,000,000... preferably that time will come tonight. I promise to be a good boy for the rest of the year and leave you cookies and milk

=D

Joke.