Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 23996. (Read 26707889 times)

fuk that. buy some britney spears perfume and your good for another year. girls love that stuff!

I guess them boys who buy on sentiment is soon running out of fiat.

It'll be interesting to see how they do.

I tend to disagree. Do you *REALLY* think guys like him are losing money? 

it might not be popular, but what happens is that bitcoin prices only move based on technical factors. Fundamentals are lagging.
This is why it is best to make forecasts based on technical chart analysis and not fundamentals.
Just look how foolish Tim Draper's bitcoin purchases are. He reads in mainstream media that bitcoin is the next big thing and he buys bitcoins first at around 600-700$ , losing half in value.
He has been at least 1.5 years too late...

Quite the hero member.  A true stalwart of bitcoin.  I'm guessing if you wanted to dump you would have already, or maybe you're waiting for it to go lower before dumping ?

time to dump.

Time Inc.  accepting bitcoin payments; story just published.
http://news.yahoo.com/time-inc-accepting-bitcoin-subscription-014201027.html

Edit: apparently it was yesterday. 

Woah  

Do you mean the "RIP" joke?
It's a joke dude, have a laugh    

Of course they're losing money if they buy high and sell low.

Donate a little and remember what BTC can do. Also helps to absorb some poison from this forum.
http://www.amani-kinderdorf.de/index.php?id=213&L=1

Of course, people are losing money.

Am I sensing despair?

Yeah I mean I could be wrong, and there could have been a bunch of buyers waiting in the wings at 2 in the morning to buy 30k in bitcoins at exactly $300. Maybe I'm just subscribing to some dumb conspiracy theory, but it did all seem very suspicious, and I have noticed in the past that whenever a big wall that doesn't make any sense whatsoever pops up, the price has tended to eventually go in the direction of that wall. Now when the market was bullish, it would keep going, but now that it's bear in my mind it's just a quick pump to make more money on selling.

Of course, I tempered the decision with the extremely bearish sentiment from once-bulls, and still made money on the move even if I was wrong about the guy buying his own wall.

Not gonna feel great losing this much fucking money

Now where my nr 7 at...

Buy high, sell low

The price has only dropped 20% the last couple of weeks and we are still over $40 above the low in early October. I am not saying it's a sweet position, I am just saying that if you didn't cut your wrists then you can probably wait till after christmas.

I am always trying to catch the last moments before a relatively big dump and I periodically moving my stop price lower after every consecutive drops.
This is far from profit maximization (trying to catch the local bottom and might even go long for the expected bounce) but usually effective in minimizing the average loss (some loss is possible in case of relatively small and single dipping followed by a powerful bounce because the first stop is slightly above the base price).

But I am constantly worried if I will miss buying back close enough to the "real", longer term low. I have no effective safeguards against a powerful pump which manages to define a new uptrend. But I don't think it's that much of a risky right now.
Worst probable case: I won't get "rich" (very relative, I am doing OK and I am not addicted to wealth) but I make some nice profit anyway (considering my crypto trading hobby in itself).
Of course, the real worst case is an unbelievable scenario when somebody places a limit order above my stop price so high that I get instantly margin called (no sell orders to support my buying via stop). -> Should be possible but it's not likely, not these days anyway, I think (and I guess the exchange has some kind of safeguards against this, to make it more or less bearable).

With the exception of "30k was not what it seemed," I'm with you.

Price sucks ass but we HODL in hope.
I'm probably a fucking idiot hodling onto this many coins but I've made my bed now, I might as well die in it.

1 bitcoin is still worth... 1 bitcoin.