Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 18038. (Read 26610008 times)

I can't wait for the "over 9000" memes.

Might take a year or 4, though. But who knows... this is bitcoin.

Happy Christmas.

It's testing the resistance from three days ago. Seven days ago it was under $800. It can't keep going up over a hundred dollars a week without retraces. If you zoom in on the run up to the last ATH there were big retraces before it made it.

This one was likely because all the banks in the west are closed for a few days, which stops money getting through to exchange. When the banks have reopened the price might go back up over $900 again.

bear trap

Bitcoin has no feelings - It is based on math.

BTC hates you greedy bastards and dump on Christmas. Next stop 800$

dumping on christmas.

filthy.

https://bitco.in/forum/threads/gold-collapsing-bitcoin-up.16/page-856

You seem to be setting yourself up for failure if you are expecting $850 to hold in order for bitcoin to be in a state of "awesome"

We gotta also remember that we have not really experienced any kind of meaningful downward price correction since the lower $600s, so we could experience a correction that goes down 15% to 25% or even more (even as far down to lower $600s), and we will still be a decent state with bitcoin and I believe that we would still be in a bull price uptrend as long as prices generally stay above $600.. even if there were a spike below $600.

I think that bitcoin is in a state of awesome because it already spiked up to $920, and so far we have had about a 7% correction from the $920 price of the past couple of days...

I don't bank on any such spike below $600 (which would be a quite large 50% correction), but certainly, I am currently in a phase of buying bitcoins, and I am buying in small increments all the way down - even if prices were to spike below $600..

In this correction, I have been buying in small increments since $890...   because I have no clue regarding how long this correction will last or when it will stop..... which seems quite plausibly below $850.. and I think that we are still in a state of "awesome" because it was quite amazing to go from $790 to $920 in a matter of just a couple of days...

Just remember that anything above 850 is awesome.

low volume everyone has been dragged out into "the real world" by wives and girlfriends for xmas new years etc

I'm happy it is hanging in there this well.

Also expect same for Chinese New Years for above reasons also

be patient young Jedi ..the force is strong in BTC



Soon! (tm BFL)

In Two Weeks! (tm BFL)

Ok who dumped? There's no dumping on Christmas! You heathens. 

That's ridiculous. 

It does not matter for how much you buy your coins, as long as you sell for higher than you buy.

Also, putting a ceiling on the price at which you would buy something like bitcoin is ridiculous too, especially if you do not have bitcoins.

In any event, any reasonable and prudent buying strategy needs to be a bit more nuanced and sophisticated rather than placing absolute values, when you may well have no fucking clue regarding the short term or medium term price direction(s).

That should reasonably put you at least in the 100 coins arena.. regarding your holdings quantity....

It doesn't really matter too much regarding what is your specific quantity of BTC holdings; however, it is very nice to see that you were able to achieve at least a 12x return (on paper at today's prices)  on those specific initial coins that you bought.


Since I got into BTC much later, I have been quite elated that in recent days that my accumulated coins have been floating between 105% and 115% in the green (in profits)...

It's quite a magnitude of difference if a person's coins are floating anywhere in the 1,000% plus profits territory, yet I am still of the opinion that there are decent ways to make continued attempts at managing the overall value of your holdings and even the extent to which that capital is working and/or reasonably protected from volatility by making various ongoing trading efforts..

Looks like a head and shoulders on the 30m chart.

I still think we're bullish tho.

Bull trap or bear trap?

You'd have to define if there is actually any form of Nash equilibrium or not.  To answer this question, I present to you:

Bitcoin as a function of the Protocols of the Elders of Zion

https://bitcointalksearch.org/topic/bitcoin-as-a-function-of-the-protocols-of-the-elders-of-zion-1727889

This problem is more and more apparent in different European countries. Their national retirement programs are proven to be inefficient because society is getting older.
After couple years there won't be enough of young working people who will be able to contribute money to fuel this broken retirement system.
I hope that this future crisis will only strengthen Bitcoin popularity.

Can we hit $1000 soon?

I'm getting bored...

Depends. Stocks to a large extent; I bought a fair bit in 2008 and tripled my winnings on the economic recovery. Now that the orange dingbat is in power I'm moving about 40% into cash reserves, then deciding what to do with that. The other 60% can stay in a mix of global technology (hell, the rest of the world can do all the tech stuff we will sink to mine coal or something) and basic dividend growth stocks (think toilet paper/stuff you need no matter what).

Bitcoin and gold are a nice counterbalance. I've been earning it for awhile now (and paying taxes in fiat on every satoshi). To date I don't think I have ever bought a bitcoin; not sure how actually. :-)

C

spain just reported that its social security will be unfunded within a year, 2 billion in deficit. This is after having a 65bn surplus in 2011.

I also don't expect to have retirement money there when I retire.

For me bitcoin is a store of value outside of govt control. Not that much invested but enough to do well if it does well.