Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 23827.

Fatman3001

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Make Bitcoin glow with ENIAC

Quote from: shmadz on January 03, 2015, 10:43:10 PM

Quote from: Fatman3001 on January 03, 2015, 10:33:27 PM

Quote from: kenji on January 03, 2015, 10:31:36 PM

the bottom is in Cool

I think you meant to say: the bottom is clenched Cool

Virtex has 20 coins available at the equivalent of less that 260 USD each right now.

There is some serious selling pressure going on and it smells awfully fishy to me.

I meant a different bottom

shmadz

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@theshmadz

Quote from: Fatman3001 on January 03, 2015, 10:33:27 PM

Quote from: kenji on January 03, 2015, 10:31:36 PM

the bottom is in Cool

I think you meant to say: the bottom is clenched Cool

Virtex has 20 coins available at the equivalent of less that 260 USD each right now.

There is some serious selling pressure going on and it smells awfully fishy to me.

Fatman3001

legendary

Activity: 1554

Merit: 1014

Make Bitcoin glow with ENIAC

Quote from: kenji on January 03, 2015, 10:31:36 PM

the bottom is in Cool

I think you meant to say: the bottom is clenched Cool

shmadz

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@theshmadz

Quote from: kenji on January 03, 2015, 10:31:36 PM

the bottom is in Cool

Nothing is certain

kenji

sr. member

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the bottom is in Cool

am432

newbie

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Quote from: maranello1561 on January 03, 2015, 10:24:05 PM

Quote from: am432 on January 03, 2015, 10:20:57 PM

OK so moving along with the same old usual for bitcoin we all know and love. Lets not forget it has risen and fallen more then 9...12 times up and down. I am curious what can cause such a movement surely the price should have dropped slowly to spread its value among the new bitcoins; but it seems to never do this so is it possible this short small drops are the result and the low price gets everyone buying them giving a breath of new income and flow. Thus jetting up the price rapidly like we have seen it before at 1k-1.3k/bit.I also have a theory about making bitcoins into a power source but this would require some tuning to make a new coin to do this. Anyway anyone know why exactly did it drop. Was it like that one time someone jacked a bunch of accounts linked to bitcoin and stole/destroyed a few mill?
namaste brothers and sisters

mostly brothers here man... as much as I'd like, girls just aint into it and with the price collapsing, we are the laughing stock of the town...

I have faith it always has had us at the edge of our seats when it was dipping down before.

twiifm

hero member

Activity: 784

Merit: 500

Quote from: shmadz on January 03, 2015, 10:17:12 PM

Quote from: twiifm on January 03, 2015, 10:08:29 PM

Quote from: shmadz on January 03, 2015, 09:59:20 PM

Quote from: twiifm on January 03, 2015, 09:52:12 PM

Only noobs hold their losses too long.

If you're trading on margin, then yes, I'd agree.

If you're holding on to a position in the most volatile asset class the world has ever seen for the last 4 years, and seen the market go from 2 dollars to 1200 and back again now to 300, maybe you'd have a different perspective?

Depends when you started the position. I would not hold a long position that is making new lows. That is suicide.

If you day trade naked options you get 100-400% moves like everyday. Tough as nails to trade unless you are super discipline w cutting losses and riding winners. That and position sizing and risk management. That's the tough thing though. People are more psychologically prone to cut winners and ride losses. It takes a lot of experience to do the opposite

These naked options sound... exotic.

Where can you trade these naked options on bitcoin?

There are no options on Bitcoin. Just trade Options on equities. Lots of liquidity in the big names like AAPL, TSLA, FB etc.. But be careful of slippage. I like trading TSLA but honestly I'd rather use margin than options because delta 1, no theta and less slippage. However, I sell options on Fridays a lot because speed of decay

If you want to day trade I highly recommend looking up Opening Range Breakout method or sometimes called ACD method

maranello1561

full member

Activity: 167

Merit: 100

Quote from: am432 on January 03, 2015, 10:20:57 PM

OK so moving along with the same old usual for bitcoin we all know and love. Lets not forget it has risen and fallen more then 9...12 times up and down. I am curious what can cause such a movement surely the price should have dropped slowly to spread its value among the new bitcoins; but it seems to never do this so is it possible this short small drops are the result and the low price gets everyone buying them giving a breath of new income and flow. Thus jetting up the price rapidly like we have seen it before at 1k-1.3k/bit.I also have a theory about making bitcoins into a power source but this would require some tuning to make a new coin to do this. Anyway anyone know why exactly did it drop. Was it like that one time someone jacked a bunch of accounts linked to bitcoin and stole/destroyed a few mill?
namaste brothers and sisters

mostly brothers here man... as much as I'd like, girls just aint into it and with the price collapsing, we are the laughing stock of the town...

Winner

legendary

Activity: 1190

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Look ARROUND!

Quote from: YourMother on January 03, 2015, 10:21:40 PM

Don't worry, early adopters. I will buy bitcoin at $5-$10 in a couple of weeks, just like you all did. LMFAO. It's just that i won't have to lose years of my life on a forum.

lol this

maybe not 2 weeks.....it'll be soon though Cheesy

maranello1561

full member

Activity: 167

Merit: 100

Quote from: YourMother on January 03, 2015, 10:21:40 PM

Don't worry, early adopters. I will buy bitcoin at $5-$10 in a couple of weeks, just like you all did. LMFAO. It's just that i won't have to lose years of my life on a forum.

Keep in mind, in bitcoin, moon comes to you!

YourMother

legendary

Activity: 1281

Merit: 1046

Don't worry, early adopters. I will buy bitcoin at $5-$10 in a couple of weeks, just like you all did. LMFAO. It's just that i won't have to lose years of my life on a forum.

am432

newbie

Activity: 2

Merit: 0

OK so moving along with the same old usual for bitcoin we all know and love. Lets not forget it has risen and fallen more then 9...12 times up and down. I am curious what can cause such a movement surely the price should have dropped slowly to spread its value among the new bitcoins; but it seems to never do this so is it possible this short small drops are the result and the low price gets everyone buying them giving a breath of new income and flow. Thus jetting up the price rapidly like we have seen it before at 1k-1.3k/bit.I also have a theory about making bitcoins into a power source but this would require some tuning to make a new coin to do this. Anyway anyone know why exactly did it drop. Was it like that one time someone jacked a bunch of accounts linked to bitcoin and stole/destroyed a few mill?
namaste brothers and sisters

noobtrader

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Activity: 1456

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Quote from: twiifm on January 03, 2015, 10:09:22 PM

Quote from: keithers on January 03, 2015, 10:02:58 PM

I'm really surprised to see btc under 300.I told myself that I was happy with my long term holdings, but I am so tempted to log on to coinbase and buy 3 or 4 more...

Don't do it man. Breaking Livermore's rule of trading #12: never average losses

averaging is ok, catching fallen knife is not ok

shmadz

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@theshmadz

Quote from: twiifm on January 03, 2015, 10:08:29 PM

Quote from: shmadz on January 03, 2015, 09:59:20 PM

Quote from: twiifm on January 03, 2015, 09:52:12 PM

Only noobs hold their losses too long.

If you're trading on margin, then yes, I'd agree.

If you're holding on to a position in the most volatile asset class the world has ever seen for the last 4 years, and seen the market go from 2 dollars to 1200 and back again now to 300, maybe you'd have a different perspective?

Depends when you started the position. I would not hold a long position that is making new lows. That is suicide.

If you day trade naked options you get 100-400% moves like everyday. Tough as nails to trade unless you are super discipline w cutting losses and riding winners. That and position sizing and risk management. That's the tough thing though. People are more psychologically prone to cut winners and ride losses. It takes a lot of experience to do the opposite

These naked options sound... exotic.

Where can you trade these naked options on bitcoin?

noobtrader

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Quote from: maranello1561 on January 03, 2015, 10:09:50 PM

Quote from: noobtrader on January 03, 2015, 09:08:56 PM

dumping in progress Lips sealed

cant believe this Huh

Bitcoin Days Destroyed pretty stable though at between 6M-8M... so most dumpers are just yesterdays pumpers, not many long time bagholders jumping ship yet

btw
i buy some more coin from usd which i put on swap on finex...

maranello1561

full member

Activity: 167

Merit: 100

Quote from: noobtrader on January 03, 2015, 09:08:56 PM

dumping in progress Lips sealed

cant believe this Huh

Bitcoin Days Destroyed pretty stable though at between 6M-8M... so most dumpers are just yesterdays pumpers, not many long time bagholders jumping ship yet

twiifm

hero member

Activity: 784

Merit: 500

Quote from: keithers on January 03, 2015, 10:02:58 PM

I'm really surprised to see btc under 300.I told myself that I was happy with my long term holdings, but I am so tempted to log on to coinbase and buy 3 or 4 more...

Don't do it man. Breaking Livermore's rule of trading #12: never average losses

twiifm

hero member

Activity: 784

Merit: 500

Quote from: shmadz on January 03, 2015, 09:59:20 PM

Quote from: twiifm on January 03, 2015, 09:52:12 PM

Only noobs hold their losses too long.

If you're trading on margin, then yes, I'd agree.

If you're holding on to a position in the most volatile asset class the world has ever seen for the last 4 years, and seen the market go from 2 dollars to 1200 and back again now to 300, maybe you'd have a different perspective?

Depends when you started the position. I would not hold a long position that is making new lows. That is suicide.

If you day trade naked options you get 100-400% moves like everyday. Tough as nails to trade unless you are super discipline w cutting losses and riding winners. That and position sizing and risk management. That's the tough thing though. People are more psychologically prone to cut winners and ride losses. It takes a lot of experience to do the opposite

keithers

legendary

Activity: 1456

Merit: 1001

This is the land of wolves now & you're not a wolf

I'm really surprised to see btc under 300.I told myself that I was happy with my long term holdings, but I am so tempted to log on to coinbase and buy 3 or 4 more...

ChartBuddy

legendary

Activity: 2380

Merit: 1823

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Explanation

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