Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 18577. (Read 26623480 times)

I wish Brother JohnF would return with his bitcoin report.

"Hello everybody, time for another bitcoin report. This is the Mt Gox 4-Hour chart from Clark Moody's. We currently have approx 6500 coins on offer and around 10,000 on demand."

FTFY.

JJG, you completely misread me.  I'm saying that if the whale [group? cabal?] wants bitcoin to go up, it will go up.  Like it has since Oct. 2015.  Thousands of Average Joes didn't suddenly come rushing into the market @ ~200/btc in October and start buying up bitcoin to where it is now.  The whales did. And right now they aren't trying to push it down, they're trying to pump it up.

Get it?

Well, my perspective is a bit different from that.  As you likely realize my story of investing in bitcoin since November 2013, I have been buying and accumulating with money that I do not need in the short term, and largely I have been considering the whole matter a longer term investment, so yeah any assessment of "profits" largely gets folded back into the fund.

Accordingly, whether it is a hobby or an active way of monitoring my holdings, I sell on the way up and buy on the way down in order to attempt to stack preparations for future price movements in either direction.. and surely sometimes that ends up being profits to kind of maintain the same number of coins, even while the price is going up but also to have a stack of cash on the sides.. It works pretty well, but it is a bit time consuming, so yeah sometimes making $10 on a trade may not seem like very much, but the whole practice does seem to stack up the BTC and the dollars in a nice way to make it seem to be really long term profitable when finally wanting to start to draw on the money in the fund.


Also, sometimes some trades may not appear to be profitable in the shorter term - for example when i was selling bitcoins lower than my average price, or when I am buying back higher than my average price - but in the end, and in the longer run, the whole practice does seem to bring down average costs per BTC.

That's a tidy profit of several hundred dollars. Nice work JJG, keep it up, I'm proud of you. 

Well, thanks for asking, dumbfbrankings.  I was able to sell several coins on the rise from around $670 to $778, and then to pick up several coins with those proceeds on the two price drops that brought us into the lower $700s and the $720s...

So, yeah, currently feeling pretty decently stocked up at the moment for another potential upwards boost, but as we all likely know, nothing is guaranteed in bitcoinlandia.  

I recall that there was a similar feeling of price stickiness in the $400s with several price drops in those territories and uncertainties regarding whether price would break through the $470s, and when prices finally broke upwards, it paid off to be stocked up on lillie friends, aka bitcoins.  

We are still fairly newly arrived to the $700s (been here less than a week), so hopefully, this appearance of mid $700s stickiness is not as difficult to overcome in the coming weeks, or even in the coming day as you seem to be suggesting in your trolling kind of sarcastic manner.

So what?  my point still stands regarding your lacking in analytical substance based on a broader context, and that shows in part by your a broad view and a narrow view and then missing essential points, including editing out and failing and refusing to respond to the remainder of my comment.  In other words, your charts do not support your nonsensical attempts at claims.

Only roughly 15.6M coins available. Come get them while they are hot. You aren't having mine just yet Mr China man.

Not in China I believe. Those guys can deposit super fast. In the west chances are you might be wiring to another country. If you're in america then you're stuck with their prehistoric waiting times for stuff to clear.

Well if bitcoin gained some new investors, they will need some time (days) to get their renmimbis to the exchanges. So yeah, we can probably expect some action in the following days.

now the other station steal this BTC news reporting idea

If this was earlier today shouldn't we have seen some action already?


Tell me to shut the f**k up if I am talking rubbish.

Haha,yes. Important news station 

Hope everyJuan got their bids filled before these wide-eyed rubes shrewd value investors arrive on the order books.

$800 2nite?

Hey, looks like we're getting another 2013 then. I'll look forward to the chinese government destroying the exchanges once and for all this time.

Oh oh.... here we go again.

https://twitter.com/cnLedger/status/744528738113642499

Prepare for liftoff! 

First one shows the past three years, second a few hours. You can't read charts, there's your problem right there

That's correct about natural and organic growth, even though your chart only shows a very short and recent period (the past couple of days).

Natural/organic growth is not captured in a weekend snapshot of one exchange (even though the pattern may be similar on other exchanges), so consider that if you are truly attempting to understand bitcoin and where we are at, you may also want to zoom out a little bit, and also consider larger contextual facts, including the fact that bitcoin's price has been suppressed for about 2 years while development and investment in the bitcoin space and adoption continued.

It's called a networking effect, and there may be some fits and starts regarding price discovery and difficulties (especially over shorter periods of time) accepting that BTC prices are real likely and inclined to going up in the current times.. but the upwards price momentum and upward price pressures remain upwardly based largely on ongoing bitcoin growth.

Right on!

https://s31.postimg.org/7rb5p4317/Capture.gifhttps://s32.postimg.org/3o1succdh/Capture.gif

Natural, organic growth^TM