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Topic: rpietila Wall Observer - the Quality TA Thread ;) - page 211. (Read 907229 times)

hero member
Activity: 728
Merit: 500
Tera no offence, I respect the voicing of opinion, but what you just said is absurd.  It seems like you're smart enough to understand why, not sure why your brain so furiously tunnel-focuses, but it may be time for a week break away from the computer to stare at the sky and horizon-line.

Unrelated - although not quality TA, but still in-line with the feelings that oft get mentioned, figured for fun, would share mine.  It feels, like we will never get below $380 again.  Also it feels like once $780 is breached in a couple months, we will see $3k not long after.

So much for feelings.  It doesn't matter either way.  The trend exists bc the past 5 years have provided the reality as such.  Perhaps in another 5 years, we will get a true picture of its relevance, past and present.

Until then, feels good to own bitcoins.
Most of my posts are about short term trading, and take note of the condition I mentioned "if the trend were to continue" - meanwhile I didn't say anything about whether or how long the trend would continue.
hero member
Activity: 686
Merit: 501
Stephen Reed
Until then, feels good to own bitcoins.

Right on that!

In the great bubble of June 2011 some of us were waiting  for the bubble to collapse all the  way back to  $1. The price had fallen for a while from  $32 and stuck at $17 and then $15. When it fell through $10 we thought oh well cheap coins but they may get cheaper. I recovered what ever losses I had in coins by buying back at $6. Then we waited while prices went lower and lower. $2 was the bottom only for a short time. Those waiting for $1 got left behind. Good to be in coins and not get left behind.

I made a great mistake in the April 2013 bubble collapse not really paying attention to Risto like I should have. I wanted that bubble to be like the great bubble and for prices to go back down  to $40 from the peak at $266. Risto said that demand from his precious metals customers was very strong and was predicting much  higher prices by year end 2013. I  got left behind on the drop down to $65 when I was in dollars instead of coins. I hated that feeling.

Now I stay in coins and buy more at bargain prices. It feels good to buy. I will trade the next peak, but not the collapse.
sr. member
Activity: 434
Merit: 250
Tera no offence, I respect the voicing of opinion, but what you just said is absurd.  It seems like you're smart enough to understand why, not sure why your brain so furiously tunnel-focuses, but it may be time for a week break away from the computer to stare at the sky and horizon-line.

Unrelated - although not quality TA, but still in-line with the feelings that oft get mentioned, figured for fun, would share mine.  It feels, like we will never get below $380 again.  Also it feels like once $780 is breached in a couple months, we will see $3k not long after.

So much for feelings.  It doesn't matter either way.  The trend exists bc the past 5 years have provided the reality as such.  Perhaps in another 5 years, we will get a true picture of its relevance, past and present.

Until then, feels good to own bitcoins.
hero member
Activity: 728
Merit: 500
Risto's 450 long is being threatened for the final time. No more bounces back to this level if the trend were to continue. Here's a short term chart also.

legendary
Activity: 980
Merit: 1000
Need a campaign manager? PM me
Does it really matter so much to buy it at $350 or $400 if you believe it will be $10000 someday? It's highly possible you miss the train to gain 25x only because you are waiting for a 15% off sale.

So far it has meant that I have more Bitcoins and so if it goes to 5000 or 10000 I will be much richer.

The main issue is that you think it is highly possible to miss, while I think its somewhat possible. If it does show the low price trend is over I will buy in at a small loss. I have already bought in some at 420.


Quote

I'll buy thousands if it goes to single digits. So I am keeping a big amount at that range (unfortunately it will not happens :-( )

If it goes to single digits, I don't think I'd buy any. Surely it would mean bitcoin is finished.

I also consider a possibility, though one to which I attribute low probability of happening.
full member
Activity: 196
Merit: 100

[/quote]

I'll buy thousands if it goes to single digits. So I am keeping a big amount at that range (unfortunately it will not happens :-( )
[/quote]

If it goes to single digits, I don't think I'd buy any. Surely it would mean bitcoin is finished.
donator
Activity: 2772
Merit: 1019
I'm very happy for all of you that were able to buy at the $350 range but at same time I must admit I'm a little jealous!   Grin

I wouldn't rule out a revisit completely. It's possible we'll go there again, maybe even visit $266. I personally think that's unlikely, though.
legendary
Activity: 882
Merit: 1000
Does it really matter so much to buy it at $350 or $400 if you believe it will be $10000 someday? It's highly possible you miss the train to gain 25x only because you are waiting for a 15% off sale.
legendary
Activity: 1414
Merit: 1000
I'm very happy for all of you that were able to buy at the $350 range but at same time I must admit I'm a little jealous!   Grin

There's a good change we'll hit it again. I'm not sure what Risto's thoughts on that are, but analysis of this giant wedge we're in on the one day charts would indicate we could reach that low in the next few weeks before breaking out. I don't think it will go any lower than that though.

Do you think that the April low at $338 was the bottom for this bubble?

I am quite confident it will go to 350 again. I am keeping a small amount at that range in case it does. Keep in mind its not based on fancy analysis or charts, but things have usually been working out for me.

Sometimes you may end up getting some crazy deal like when it went down to 102 at Btc-e.

I'll buy thousands if it goes to single digits. So I am keeping a big amount at that range (unfortunately it will not happens :-( )
legendary
Activity: 980
Merit: 1000
Need a campaign manager? PM me
I'm very happy for all of you that were able to buy at the $350 range but at same time I must admit I'm a little jealous!   Grin

There's a good change we'll hit it again. I'm not sure what Risto's thoughts on that are, but analysis of this giant wedge we're in on the one day charts would indicate we could reach that low in the next few weeks before breaking out. I don't think it will go any lower than that though.

Do you think that the April low at $338 was the bottom for this bubble?

I am quite confident it will go to 350 again. I am keeping a small amount at that range in case it does. Keep in mind its not based on fancy analysis or charts, but things have usually been working out for me.

Sometimes you may end up getting some crazy deal like when it went down to 102 at Btc-e.
legendary
Activity: 1148
Merit: 1001
I'm very happy for all of you that were able to buy at the $350 range but at same time I must admit I'm a little jealous!   Grin

There's a good change we'll hit it again. I'm not sure what Risto's thoughts on that are, but analysis of this giant wedge we're in on the one day charts would indicate we could reach that low in the next few weeks before breaking out. I don't think it will go any lower than that though.

Do you think that the April low at $338 was the bottom for this bubble?

My guess is yes, but I'm no TA expert (if such a thing exists). I feel like we'll break $400 again sometime this month, but hopefully $338 holds.

I do not think we will ever break $400 again.


For what it's worth, I totally agree. 
legendary
Activity: 2856
Merit: 1520
Bitcoin Legal Tender Countries: 2 of 206
legendary
Activity: 1414
Merit: 1000
I'm very happy for all of you that were able to buy at the $350 range but at same time I must admit I'm a little jealous!   Grin

There's a good change we'll hit it again. I'm not sure what Risto's thoughts on that are, but analysis of this giant wedge we're in on the one day charts would indicate we could reach that low in the next few weeks before breaking out. I don't think it will go any lower than that though.

Do you think that the April low at $338 was the bottom for this bubble?

My guess is yes, but I'm no TA expert (if such a thing exists). I feel like we'll break $400 again sometime this month, but hopefully $338 holds.

I do not think we will ever break $400 again.
sr. member
Activity: 350
Merit: 253
I'm very happy for all of you that were able to buy at the $350 range but at same time I must admit I'm a little jealous!   Grin

There's a good change we'll hit it again. I'm not sure what Risto's thoughts on that are, but analysis of this giant wedge we're in on the one day charts would indicate we could reach that low in the next few weeks before breaking out. I don't think it will go any lower than that though.

Do you think that the April low at $338 was the bottom for this bubble?

My guess is yes, but I'm no TA expert (if such a thing exists). I feel like we'll break $400 again sometime this month, but hopefully $338 holds.
hero member
Activity: 686
Merit: 501
Stephen Reed
I'm very happy for all of you that were able to buy at the $350 range but at same time I must admit I'm a little jealous!   Grin

There's a good change we'll hit it again. I'm not sure what Risto's thoughts on that are, but analysis of this giant wedge we're in on the one day charts would indicate we could reach that low in the next few weeks before breaking out. I don't think it will go any lower than that though.

Do you think that the April low at $338 was the bottom for this bubble?
sr. member
Activity: 350
Merit: 253
I'm very happy for all of you that were able to buy at the $350 range but at same time I must admit I'm a little jealous!   Grin

There's a good change we'll hit it again. I'm not sure what Risto's thoughts on that are, but analysis of this giant wedge we're in on the one day charts would indicate we could reach that low in the next few weeks before breaking out. I don't think it will go any lower than that though.
hero member
Activity: 798
Merit: 500
Time is on our side, yes it is!
I'm very happy for all of you that were able to buy at the $350 range but at same time I must admit I'm a little jealous!   Grin
legendary
Activity: 1148
Merit: 1001
I've bought a lot in the last month.  Managed to catch a $400, $375 and $350.  Now I just need it to go up before summer vacation since it's our vacation money.  Wink

I love you two. I believe in bitcoin. I admire your balls and resolve. However, sometimes, I do think you have been at the crack pipe Wink

The funny thing is we are super conservative in most things.  Never gamble, don't even drink and I don't think I have ever even seen a "crack pipe" and as far as investing in anything, I am super cheap. (BitchicksHusband is not as cheap and likes nice vacations as well as "quality" over quantity)  That said, I think taking this much risk in Bitcoin would seem out of our character from an outsider's point of view.  It is just that we believe in it that much.  Part of "faith" is being certain of things you hope for.  We are actually fairly certain at this point that Bitcoin will at least have another rally, or two or three.  I think we really feel like there is little risk vs. reward here. Wink And if the worst thing that happens with buying more coin this past month is that the kids miss out on a Summer trip to Disney World, oh well.  It is hot and humid in the Summer there anyways!   Cheesy

I agree that its fairly certain that holding BTC for the long term is savvy move. The rewards will take car of themselves. The risk however I think is something you have to actively manage. I agree no holiday to Disneyland is not a bad thing, even though I'm probably more like your husband as I like a nice thing or two (I stick to the small luxuries though, nice food & drink etc). Over time I've come to see value in ensuring I don't (year again) end up in financial ruin - even if that means sacrificing a percentage of potential future returns.

I say all this with the warmest of hearts, purely from a place of concern for my fellow man (and chick). I'd hate to see that one in a million failure scenario wipe *anyone* out least of all you guys.

Who knows 10 years time we might all meet up in Risto's castle, I'll bring my bitchick and chicklets, and laugh at how I ever doubted it Wink

The only thing our investments will wipe out at this point is BitchicksHusband's early retirement plan, our trip to Disney World, and extra funds for my mission trip to India in the fall.  We haven't mortgaged the house or anything really crazy.  Wink  Pretty much life will be as boring as usual if Bitcoin fails.   Cheesy

Thats reassuring Smiley good advice to anyone else reading...

I'm in a similar boat - by design - BTC @ zero wouldnt hurt me really (apart from emotionally!). I'm just lucky that I have ended up with a fair amount dollar wise invested in BTC already. Feels a bit like I'm cheating as I already broke even (and some).

Even though selling up and moving on would give me a nice chunk of cash, its cash I never had so I wouldn't miss it. It's better off sat there. All the while I just continue to work (not too had hard mind), save and see if I can make it the old fashioned way Smiley



I only ever purchased 10 BTC back last July/Aug when it was $100 and then made a sweet profit last Nov..  All the rest of my BTC I get from mining.. Smiley  I don't buy no stinking BTC    Grin  If it went down to $100 I would probably then buy 10 more..

Electricity is so expensive where we living it is more profitable just to buy. 
member
Activity: 112
Merit: 10
I've bought a lot in the last month.  Managed to catch a $400, $375 and $350.  Now I just need it to go up before summer vacation since it's our vacation money.  Wink

I love you two. I believe in bitcoin. I admire your balls and resolve. However, sometimes, I do think you have been at the crack pipe Wink

The funny thing is we are super conservative in most things.  Never gamble, don't even drink and I don't think I have ever even seen a "crack pipe" and as far as investing in anything, I am super cheap. (BitchicksHusband is not as cheap and likes nice vacations as well as "quality" over quantity)  That said, I think taking this much risk in Bitcoin would seem out of our character from an outsider's point of view.  It is just that we believe in it that much.  Part of "faith" is being certain of things you hope for.  We are actually fairly certain at this point that Bitcoin will at least have another rally, or two or three.  I think we really feel like there is little risk vs. reward here. Wink And if the worst thing that happens with buying more coin this past month is that the kids miss out on a Summer trip to Disney World, oh well.  It is hot and humid in the Summer there anyways!   Cheesy

I agree that its fairly certain that holding BTC for the long term is savvy move. The rewards will take car of themselves. The risk however I think is something you have to actively manage. I agree no holiday to Disneyland is not a bad thing, even though I'm probably more like your husband as I like a nice thing or two (I stick to the small luxuries though, nice food & drink etc). Over time I've come to see value in ensuring I don't (year again) end up in financial ruin - even if that means sacrificing a percentage of potential future returns.

I say all this with the warmest of hearts, purely from a place of concern for my fellow man (and chick). I'd hate to see that one in a million failure scenario wipe *anyone* out least of all you guys.

Who knows 10 years time we might all meet up in Risto's castle, I'll bring my bitchick and chicklets, and laugh at how I ever doubted it Wink

The only thing our investments will wipe out at this point is BitchicksHusband's early retirement plan, our trip to Disney World, and extra funds for my mission trip to India in the fall.  We haven't mortgaged the house or anything really crazy.  Wink  Pretty much life will be as boring as usual if Bitcoin fails.   Cheesy

Thats reassuring Smiley good advice to anyone else reading...

I'm in a similar boat - by design - BTC @ zero wouldnt hurt me really (apart from emotionally!). I'm just lucky that I have ended up with a fair amount dollar wise invested in BTC already. Feels a bit like I'm cheating as I already broke even (and some).

Even though selling up and moving on would give me a nice chunk of cash, its cash I never had so I wouldn't miss it. It's better off sat there. All the while I just continue to work (not too had hard mind), save and see if I can make it the old fashioned way Smiley



I only ever purchased 10 BTC back last July/Aug when it was $100 and then made a sweet profit last Nov..  All the rest of my BTC I get from mining.. Smiley  I don't buy no stinking BTC    Grin  If it went down to $100 I would probably then buy 10 more..
legendary
Activity: 2576
Merit: 1087
I've bought a lot in the last month.  Managed to catch a $400, $375 and $350.  Now I just need it to go up before summer vacation since it's our vacation money.  Wink

I love you two. I believe in bitcoin. I admire your balls and resolve. However, sometimes, I do think you have been at the crack pipe Wink

The funny thing is we are super conservative in most things.  Never gamble, don't even drink and I don't think I have ever even seen a "crack pipe" and as far as investing in anything, I am super cheap. (BitchicksHusband is not as cheap and likes nice vacations as well as "quality" over quantity)  That said, I think taking this much risk in Bitcoin would seem out of our character from an outsider's point of view.  It is just that we believe in it that much.  Part of "faith" is being certain of things you hope for.  We are actually fairly certain at this point that Bitcoin will at least have another rally, or two or three.  I think we really feel like there is little risk vs. reward here. Wink And if the worst thing that happens with buying more coin this past month is that the kids miss out on a Summer trip to Disney World, oh well.  It is hot and humid in the Summer there anyways!   Cheesy

I agree that its fairly certain that holding BTC for the long term is savvy move. The rewards will take car of themselves. The risk however I think is something you have to actively manage. I agree no holiday to Disneyland is not a bad thing, even though I'm probably more like your husband as I like a nice thing or two (I stick to the small luxuries though, nice food & drink etc). Over time I've come to see value in ensuring I don't (year again) end up in financial ruin - even if that means sacrificing a percentage of potential future returns.

I say all this with the warmest of hearts, purely from a place of concern for my fellow man (and chick). I'd hate to see that one in a million failure scenario wipe *anyone* out least of all you guys.

Who knows 10 years time we might all meet up in Risto's castle, I'll bring my bitchick and chicklets, and laugh at how I ever doubted it Wink

The only thing our investments will wipe out at this point is BitchicksHusband's early retirement plan, our trip to Disney World, and extra funds for my mission trip to India in the fall.  We haven't mortgaged the house or anything really crazy.  Wink  Pretty much life will be as boring as usual if Bitcoin fails.   Cheesy

Thats reassuring Smiley good advice to anyone else reading...

I'm in a similar boat - by design - BTC @ zero wouldnt hurt me really (apart from emotionally!). I'm just lucky that I have ended up with a fair amount dollar wise invested in BTC already. Feels a bit like I'm cheating as I already broke even (and some).

Even though selling up and moving on would give me a nice chunk of cash, its cash I never had so I wouldn't miss it. It's better off sat there. All the while I just continue to work (not too had hard mind), save and see if I can make it the old fashioned way Smiley

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