All posts made by deathcode in Bitcointalk.org's Wall Observer thread
1.
Post 1933196 (copy this link) (by deathcode) (scraped on 2020-04-04_Sat_10.54h):
So that's what drawing triangles on charts can tell you? That the price is going either up or down. Interesting.
Doubt as to where the further price moves are heading - the triangle shows that swing trades are narrowing the price range thus reducing the volume traded by day traders. I have heard that a break-out from a triangle is a strong indicator on the future direction. But some say it is a contrarian indicator lol.
Let us hope it is a contrarian indicator since the price just broke out below the triangle's trading range.
Big players are fighting it out now. Huge volumes.
If the price goes above 158, it would seem that the break out was a contrarian or maybe a fake indicator. But to me, TA is mostly entertainment. I am holding for the longest time and not daytrading.
Hehe, 159 right now.
Rather 153, dead cat bounce
Normal profit taking from big players, small players should stay away from selling and keep holding. Selling in this market is plain foolish knowing that we are perfectly capable of reaching $250.
2.
Post 1942379 (copy this link) (by deathcode) (scraped on 2020-04-04_Sat_10.54h):
extremly low volume. Its mean that crash is just around the corner.
So when the price goes up to $165-170 can I point out how wrong you were?
3.
Post 1942649 (copy this link) (by deathcode) (scraped on 2020-04-04_Sat_10.54h):
extremly low volume. Its mean that crash is just around the corner.
So when the price goes up to $165-170 can I point out how wrong you were?
You can point out whatever in this thread but nobody would read it as the thread is tooooooo fast.
I want additional buttons for users here like the ignore button. Market expert, Manipulator and Clueless idiot. These buttons and the resulting feedback could be hidden outside the speculation subforum.
Ohh people will remember and they will point it out!
4.
Post 1944934 (copy this link) (by deathcode) (scraped on 2020-04-04_Sat_10.54h):
Well, some might not be impressed, but if this was part of a DDOS and Gox Experienced ONLY 3 minutes of Lag (As opposed to a full featured film as it was described before) then I'm impressed by Gox.
Ok, so it still has lag, and the attacks can still manipulate the market, but Lag is gone now and it held up.
hats off...
On top of that, I hope you guys made some money off it.
I certainly made a few hundred
5.
Post 1946673 (copy this link) (by deathcode) (scraped on 2020-04-04_Sat_10.54h):
All I have to say is that I picked the wrong day to leave my Yubikey at home . . .
why not use google authenticator to login to mtgox with your android phone
yes, and start punching in those private keys.
You know you can enable both at the same time to use them redundantly right?
The only time that I need my Yubi is to withdraw from the account.
6.
Post 1946973 (copy this link) (by deathcode) (scraped on 2020-04-04_Sat_10.54h):
All I have to say is that I picked the wrong day to leave my Yubikey at home . . .
why not use google authenticator to login to mtgox with your android phone
yes, and start punching in those private keys.
You know you can enable both at the same time to use them redundantly right?
The only time that I need my Yubi is to withdraw from the account.
Where you do enable Google Auth on the Gox site? I can't see it under Security Center...
"Software Authenticator"
"Add New"
7.
Post 1947240 (copy this link) (by deathcode) (scraped on 2020-04-04_Sat_10.54h):
Someone's droping coins like crazy, and this is not a sell-off from multiple people, this is a whale dropping coins systematically, he/she waits until it recovers a little, then drops, and so on...
8.
Post 1951184 (copy this link) (by deathcode) (scraped on 2020-04-04_Sat_10.54h):
I just feel more comfortable with fiat at the moment. If it goes up, I'll catch it up, I'll lose a bit but that's fine, just don't have a feeling the risk of staying behind is bigger than opposite.
This is the main problem with people in the bitcoin world. You trust fiat more? you certainly know that bitcoin can either go to $50 or go to $200 in a day, you just need to be patient and buy/sell at the right times. With fiat, well.. you have fiat, that's as fun as watching paint dry and by that I mean, slowly but surely that inflation is eating it up..
9.
Post 1951312 (copy this link) (by deathcode) (scraped on 2020-04-04_Sat_10.54h):
I just feel more comfortable with fiat at the moment. If it goes up, I'll catch it up, I'll lose a bit but that's fine, just don't have a feeling the risk of staying behind is bigger than opposite.
This is the main problem with people in the bitcoin world. You trust fiat more? you certainly know that bitcoin can either go to $50 or go to $200 in a day, you just need to be patient and buy/sell at the right times. With fiat, well.. you have fiat, that's as fun as watching paint dry and by that I mean, slowly but surely that inflation is eating it up..
Yes, I trust fiat more at this moment. I've trusted bitcoins more for days before yesterday. I'm not investor, I'm trader and I'm not going to look my coins dipping to be worth 15/20/30 dollars less without selling and trying to buy more and have them more if I feel that's what I should do.
I don't care what anyone thinks about it, as long as volatility is as it is I'm not hoarding my coins, specially as I don't have enough of them to just wait to become rich
at some time.
So, you do your stuff, I'll do mine. I'm not here to help your mined or cheaply bought coins being worth more, I know that's what early adopters want from people but I couldn't care less about their coins and what they want
, I'm here to make what's best for me
If I lose all I've invested in btc, I won't lose a sleep, I've never invested more than I can forget.
My point is it doesn't matter when you buy, you can buy BTC now at 135 and if it goes down, you might have to wait longer to sell, but eventually, you'll sell at a profit. Sure, you can wait and buy when it dips, then you will have to wait until it goes up again to sell, if it ever does go up... so it's a matter of timing, that's all
With fiat... you just have fiat...
10.
Post 1951597 (copy this link) (by deathcode) (scraped on 2020-04-04_Sat_10.54h):
I just feel more comfortable with fiat at the moment. If it goes up, I'll catch it up, I'll lose a bit but that's fine, just don't have a feeling the risk of staying behind is bigger than opposite.
This is the main problem with people in the bitcoin world. You trust fiat more? you certainly know that bitcoin can either go to $50 or go to $200 in a day, you just need to be patient and buy/sell at the right times. With fiat, well.. you have fiat, that's as fun as watching paint dry and by that I mean, slowly but surely that inflation is eating it up..
Yes, I trust fiat more at this moment. I've trusted bitcoins more for days before yesterday. I'm not investor, I'm trader and I'm not going to look my coins dipping to be worth 15/20/30 dollars less without selling and trying to buy more and have them more if I feel that's what I should do.
I don't care what anyone thinks about it, as long as volatility is as it is I'm not hoarding my coins, specially as I don't have enough of them to just wait to become rich
at some time.
So, you do your stuff, I'll do mine. I'm not here to help your mined or cheaply bought coins being worth more, I know that's what early adopters want from people but I couldn't care less about their coins and what they want
, I'm here to make what's best for me
If I lose all I've invested in btc, I won't lose a sleep, I've never invested more than I can forget.
My point is it doesn't matter when you buy, you can buy BTC now at 135 and if it goes down, you might have to wait longer to sell, but eventually, you'll sell at a profit. Sure, you can wait and buy when it dips, then you will have to wait until it goes up again to sell, if it ever does go up... so it's a matter of timing, that's all
With fiat... you just have fiat...
Your point has serious problem - I was late yesterday to buy at 121 at first crash, if I had put my order 10-15 seconds before, I could make hundreds of dollars in 2 minutes. Then again do it 2-3 times til today in some longer periods. I did bought them in low 120s again and sold in 130s but I've missed 2 earlier opportunities - one because I was late, 2nd because I was not in the state to rationally try to analyze the market so I just decided to miss it.
Your point completely takes those possible profits out and suggests I should buy now at 136, eventually sleep through it's dipping to 120 and wait if it goes up above my entry point to make some profit. It's not only pretty nonsense system, it's boring too, I'd rather sell socks on the street
I'm here to grow my small group of coins or lose them all. I don't care what price of btc would be in 5 years if I have them as many as I do now.
My point is way more fun than holding fiat, that's for sure. Yesterday if you bought at 130 (I'm just calling the somewhat average for yesterday since it went to 122 and it was at 150 earlier on the day, you had plenty of chances to make money, if you didn't then you're not a good trader.
No one can call the absolute top or bottom, I sold at 147 and I bought at 135, yes, I could have bought at 122, but who knows how low is going or how high? no one really knows.
your strategy of holding fiat, sure, I respect it, it's just seem so dull and boring... I keep my amount of bitcoins consistent and I buy/sell on dips and I use the leftover fiat as winnings I don't buy more bitcoins because I already have the amount I want. But I keep my coins and I just use fiat to withdraw. Again, I'm not a trader, but when there are obvious opportunities to trade I'd do it.
11.
Post 1954744 (copy this link) (by deathcode) (scraped on 2020-04-04_Sat_10.54h):
Meh.
It's hard to recall a more stable day than this one in the past 4 months...
12.
Post 2002801 (copy this link) (by deathcode) (scraped on 2020-04-04_Sat_10.55h):
121 wall got destroyed!!!
13.
Post 2002811 (copy this link) (by deathcode) (scraped on 2020-04-04_Sat_10.55h):
121 wall got destroyed!!!
It was total termination, hehe
125 wall... you're next
14.
Post 2002864 (copy this link) (by deathcode) (scraped on 2020-04-04_Sat_10.55h):
What is happeniiiiing?!?!
Seems the market is confident after a test of the 100-110 range.
this is market manipulation at its finest... whoever dumped yesterday, is re-buying at lower prices now..
makes total sense... waited to make sure the bottom was reached and now is rebuying again...
15.
Post 2002903 (copy this link) (by deathcode) (scraped on 2020-04-04_Sat_10.55h):
You guys see manipulation everywhere.
I see a bunch of people panic buying.
I've been watching how buy order of 1000 coins was moving back and forth slowly but surely while the price was going up, not that order is at 121.... that's ONE single person/bot moving that order. not multiple people...and it was systematically appearing so that's why I think this is the doing of one account only followed by smaller fish..
16.
Post 2006314 (copy this link) (by deathcode) (scraped on 2020-04-04_Sat_10.55h):
Bottom for today?
17.
Post 2015549 (copy this link) (by deathcode) (scraped on 2020-04-04_Sat_10.55h):
me and my fiat are taking a break this weekend. I think maybe it's not dissapearing into coins but it's just off the order book. I have no idea what to bid at the moment.
I just put lots of bids from $75 down to $10. Whatever the bottom is I'll catch a good chunk of it.
what is the best strategy for doing this?
I usually pick a spot where I want to begin, and double the amount I'm going to buy the lower it gets.
So for example
0.1BTC @ $80
0.2BTC @ $78
0.4BTC @ $76
0.8BTC @ $74
etc.
I'm sure theres different strategies for this but I find this one the most logical sounding.
I'm curious about these strategies.. people use the same strategies when they play blackjack. They play the minimum, they lost, then they play twice the minimum and so on.
What they don't realize is that they waste a valuable and most often unaccounted factor TIME!
You can easily buy or sell ALL your coins at a single price, if you re-buy or re-sell at a better price then BAM!!! you made a shit ton of money compared to the averaging strategy you use...
It's kinda like the "diversification" approach... when all the so called financial advisors recommend to diversify...
that's code for "I have no clue what will go up or down, so to cover my ass, I'll recommend you to bed on all the different stocks so in the end I make money off commissions and you break even"
Anyways... I'm not criticizing your strategy, just pointing out what I think is the common denominator in many other situations.
18.
Post 2026421 (copy this link) (by deathcode) (scraped on 2020-04-04_Sat_10.56h):
Seems like we are already back to reality. 107 and falling
See that 3k ask wall at $111? That's to make sure it doesn't bounce back. That's from a person(s) who have spent a lot of coins pushing the price down and they haven't bought back in yet. So they're not going to let the price rally until they do buy back in. From my rough calculations, they need to price to at least get to $65. They've sold a ton of coins sub $100 and if they turn around and just start buying right now it's unlikely they'd break even at best.
When you stop seeing that obvious consolidation after dumps, and of course stop seeing coin dumps into every rally, then you know we're headed back up. Until then, it's just mini rallies that will be dealt with swiftly, punishment turns out to be like 5k coins dumped all once.
I doubt your statement is true.
19.
Post 2052021 (copy this link) (by deathcode) (scraped on 2020-04-04_Sat_10.56h):
So much for a sell-off... back to 114... that 110 wall will be hard to knock down... Next crash will be $95-100 at the lowest..
20.
Post 2052222 (copy this link) (by deathcode) (scraped on 2020-04-04_Sat_10.56h):
So much for a sell-off... back to 114... that 110 wall will be hard to knock down... Next crash will be $95-100 at the lowest..
If even death code is turning bearish, as he is predicting a lower bottom than we have had today, is really the time to buy, guys.
Remember what Warren Buffet said about being greedy when others are fearful, and fearful when others are greedy... Now it seems time to be greedy!
I think you misunderstood my comment. I'm predicting higher and higher crashes just by looking at the history of the most notorious crashes.
2011 crash ~$32 to ~$0.02
Fork Crash ~$50 to ~$32
Big High crash $266 to $55
Last Crash ~$140 to $79
My prediction is a crash in the 95-100 range for the next "big" crash and then another crash on the $130-$150
I'm not bearish at all, I'm just stating facts based on the crashes that we've had.
Feel free to correct me if you think I'm wrong.
21.
Post 2082211 (copy this link) (by deathcode) (scraped on 2020-04-04_Sat_10.57h):
Man, MtGox still down? If only there was something else. Some other "site" on the "web" which could "act" as an "exchange" "besides" "Mtgox".
oh hay my quotation mark key is broke.
what are you talking about?? MtGox is up..
22.
Post 2111601 (copy this link) (by deathcode) (scraped on 2020-04-04_Sat_10.58h):
Slightly contrarian, not trying to scare anyone, just giving the opinion of someone who is new to Bitcoin (about 6 weeks of exposure) and thinking about not jumping on board unless we go down significantly from here.
I was thinking the same of you on last december of 2012 when i discovered Bitcoin, at the time i purchased (january) the price was already 13.20$/BTC.
I was not sure to invest or not, at that outrageous price of (13$) that seemed a bubble to me.
You know what happended after that, boom to 266$!
Glad i buy some 500 cheap coins months back, i don't mind if they devalue to 30$ again
115$ are cheap coins right now, and 500$ will be cheap in a few months, until Bitcoin discover his real price, i say at least 100,000$ each
People need to realize that 21 million coins (11 currently) is NOT a lot of coins and the more popular and the more people adopt bitcoins the higher the value will get and we should be thinking about mB instead of a whole bitcoin.
Just compared bitcoin to any shares from any company. 21 million is not a whole lot!
I'm surprised when people are expecting to see $40 again, but I guess those are the ones who missed the boat and now they are just in wishful thinking mode... I get it.
115 is a perfect price for right now and I can live with that. maybe in 6-8 months we'll see another big jump for now, 115-120 makes sense.
I used to have an exit strategy and I chose to go the trader way, now my exit strategy is simply to make money by trading while slowly increasing my coin stock as well and it's been paying off.
23.
Post 2124719 (copy this link) (by deathcode) (scraped on 2020-04-04_Sat_10.58h):
$1M usd disappeared today from the order book.
We may see cheap coins soon
mmm didnt it occur to you that the usual weekend dip was not really a dip and it held well?
i predict 130 this week
24.
Post 2138437 (copy this link) (by deathcode) (scraped on 2020-04-04_Sat_10.58h):
The last time we experienced some stability, the price was $13... we all know what happened after that...
25.
Post 2148499 (copy this link) (by deathcode) (scraped on 2020-04-04_Sat_10.58h):
The train is leaving guys. Next stop: Zerooooooo!
LMAO... this is a proudhon wannabe! :
26.
Post 2150398 (copy this link) (by deathcode) (scraped on 2020-04-04_Sat_10.58h):
Well, say good bye to my $130 prediction. Although it was going to be possible if none of this happens as bitcoin continues to grow.
I think that besides the negative implication that the dwolla issue has, there's some positive here. DHS feels threaten by bitcoin, otherwise there's no other explanation. I really want to see the "WHY" of the court order, but whatever the WHY is, the fact that the government is closing on bitcoin means that bitcoin is no longer a small time thing. Everyone should be bullish in the long term.
I really admire the bears trying to get the price down just so they can jump on the wagon of happiness
You have to give those sad people some credit. Then again, it's easy to be a bull with my entry point.
27.
Post 2152973 (copy this link) (by deathcode) (scraped on 2020-04-04_Sat_10.58h):
Silly question: If the DHS seized the mtgox account @ dwolla, then why wouldn't they seize coinbase or any other american exchange? The end goal for the DHS is the same, you can use coinbase to buy btc and gamble illegally so basically it's the same...
Are we going to see more court orders for other exchanges?
28.
Post 2155755 (copy this link) (by deathcode) (scraped on 2020-04-04_Sat_10.58h):
It is a lucrative investment, I must say.
On a related note... how the hell did we not pass below $100?
$102.96 is a little... anticlimatic.
you seem smart... you should review the patterns... 55, 79, 103... We are crashing up dude! sorry but you won't see coins at lower prices... sad you missed the boat tho... I think you can jump in now and maybe in two years you'll see rewards
29.
Post 2156658 (copy this link) (by deathcode) (scraped on 2020-04-04_Sat_10.58h):
$115 in a few minutes.... mmmmm and I thought the US was bearish and Europe/Asia was bullish...
Man being a bear right now must feel like a punch in the nuts!!
After the DHS fiasco we couldn't even touch 100....
Maybe my $130 prediction by the end of the week is not so impossible after all!
30.
Post 2182854 (copy this link) (by deathcode) (scraped on 2020-04-04_Sat_10.59h):
Going up like a scubadiver's fart!
31.
Post 2183854 (copy this link) (by deathcode) (scraped on 2020-04-04_Sat_10.59h):
Hello 125 again!
32.
Post 2217706 (copy this link) (by deathcode) (scraped on 2020-04-04_Sat_10.59h):
Is $123 the new $13?
33.
Post 2257559 (copy this link) (by deathcode) (scraped on 2020-04-04_Sat_11.00h):
130 nuff said
34.
Post 2258353 (copy this link) (by deathcode) (scraped on 2020-04-04_Sat_11.00h):
Any brave souls to call the top for today and call the weekend dip bottom?
35.
Post 2288787 (copy this link) (by deathcode) (scraped on 2020-04-04_Sat_11.00h):
back up? this was only a bad fiction dream...
aka bear trap?