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Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 21256. (Read 26713010 times)

legendary
Activity: 2380
Merit: 1823
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
legendary
Activity: 2380
Merit: 1823
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
legendary
Activity: 4242
Merit: 5039
You're never too old to think young.
Well, so much for buying the dip.

Not sure what you mean, but if it gets anywhere near 250 or below I'm buying more.  Continuing to build my long position.  I'm looking toward next year.

What I meant was that I try to time my buys to significant price dips and we hadn't had one since the start of June until it dropped over $25 on Monday. Unfortunately I was out in the bush at the time and couldn't take advantage. The price quickly regained half of what it had lost.

When I saw it drop sharply to below $285 while I was on my way back into town tonight I thought maybe I'd get another chance. Then  I saw it immediately bounce back into the mid-$290s. I realized that this wasn't the time.

I'm not much of a daytrader. I haven't sold any coins in over 2 years. I buy the dips and hoard my coins. Hopefully by the time I need to sell any coins I'll just spend them on goods and services.
legendary
Activity: 1859
Merit: 1001
This drop has nothing to do with Litecoin, but I literally have thousands of dollars on the exchange already just in case that happens.
[/quote]

Woooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooo oooooooooooooooooooooooooo...

Literally
legendary
Activity: 1106
Merit: 1007
Hide your women
I care nothing of Peercoin I just know a Litecoin drop doesn't imply BTC is to follow.

told you so  Sad
This drop has nothing to do with Litecoin, but with the yes vote in the Greek parliament.

Edit: Or to say it better, with traders who value bitcoin lower because of the yes vote. We soon know how many of them there are Wink

Clearly the parliament in Greece values their banks getting re-opened more than the will of their own people. This is similar to what happened in the U.S. in 2008.  For the record, I think the Greeks a s a group have had it far too easy and their high tolerance for corruption have gotten them into this mess. Nevertheless, it's more proof that democracy isn't working. I would even go so far as to say it can't work for long.

The yes vote does not automatically mean the banks will re-open soon if ever. There are still conditions that need to be met. Even if they re-open, I suspect some clever Greeks will use their deposited funds to buy bitcoin.  The blockchain has no bank holidays. No capital controls.

I don't really care much if the price dips a little more. I literally have thousands of dollars on the exchange already just in case that happens.
legendary
Activity: 2380
Merit: 1823
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
hero member
Activity: 513
Merit: 511
Well, so much for buying the dip.

This is the dip! Get ready for $300+ real soon.
 
legendary
Activity: 3794
Merit: 5474
Well, so much for buying the dip.

Not sure what you mean, but if it gets anywhere near 250 or below I'm buying more.  Continuing to build my long position.  I'm looking toward next year.
legendary
Activity: 2380
Merit: 1823
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
legendary
Activity: 2380
Merit: 1823
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
hero member
Activity: 644
Merit: 500

mean anything? Smiley

not really but nice try
sr. member
Activity: 252
Merit: 250


mean anything? Smiley


They are both uptrends, but other than that...nope
legendary
Activity: 1624
Merit: 1126
It's all mathematics...!
Great post and a lot of responses. I learn something today  Grin

Welcome Cuba! Maybe we can visit legally from the US soon...Cheers  Grin
newbie
Activity: 5
Merit: 0
Great post and a lot of responses. I learn something today  Grin
legendary
Activity: 1624
Merit: 1126
It's all mathematics...!
Bought in @ 288 lets see what happens

Wise Move imHo ! These moves are getting so predictable...
full member
Activity: 183
Merit: 100
TaurusBit.com Administrator
legendary
Activity: 2380
Merit: 1823
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
legendary
Activity: 997
Merit: 1002
Gamdom.com
Bought in @ 288 lets see what happens
sr. member
Activity: 252
Merit: 250
Well folks. The 50 day moving average has moved above the 200 day moving average signaling near-term momentum is on our side.

If the 200 DMA was currently trending upwards while being overtaken by the 50 DMA then we would have a golden cross on our hands, but technically the 200 day is still moving down ever so slightly. Most technicians believe both moving averages need to be trending upwards for a golden cross to occur. Look up golden cross if you don't know what I am talking about...

If we stay at or above current prices for another month or two then we would have both the 50 DMA and the 200 DMA trending upwards which would be great news for Bitcoin longs.


full member
Activity: 183
Merit: 100
TaurusBit.com Administrator
Well none of my yesterday's bids have been taken.. I overestimated the bears...

Long @290 avg. Let's go bulls  Grin
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