Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 25175.

Richy_T

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Quote from: njcarlos on October 08, 2014, 12:26:18 PM

Quote from: blade87 on October 08, 2014, 12:25:00 PM

It's all about FOMO now. People know the difference between paying $250 or $350 BTC is going to reach new ATHs is negligible. But if you keep waiting for $250 you may never even pull the trigger at $350 and just completely miss out, and be nothing more than another "I wish" story later down the line.

Keep dreaming. There will be no such rally like last time. Not in the immediate future, at least (read immediate as 2-3 years). Enough people were exposed to the last run up and slaughter that the "FOMO" will be curbed by the "oh yeah, several thousand people lost their shirts last time, let's wait and see what happens" effect.

Because this time is different.

QuestionAuthority

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You lead and I'll watch you walk away.

Quote from: njcarlos on October 08, 2014, 01:02:27 PM

Quote from: QuestionAuthority on October 08, 2014, 12:58:14 PM

Yeah, that's all true. I have learned that slowly, oddly enough, from watching this thread. I think this forum controls Bitcoin price more than it should. This thread in particular is one that is a controlling force because people do make buy and sell decisions based on what they see here and it pops up every time at the top of "new forum posts" because it's the most active thread on the forum.

It scares me to think this forum is a market maker. I sort of refuse to believe it, but it may be true. If it is, everything is far more fragile than I thought.

Yeah, it is scary and we are all trying to make long term money. I don't know if it's fragile or just confusing to people. If you knew nothing about Bitcoin and were thinking about buying a few but saw the volitility over the last couple of years you would go somewhere to find out if it a good time to buy. Good or bad, that place is here. Not here on this forum but here in this thread. I like the continuous to the moon talk even if it is total bullshit because that creates new money.

njcarlos

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Quote from: QuestionAuthority on October 08, 2014, 12:58:14 PM

Yeah, that's all true. I have learned that slowly, oddly enough, from watching this thread. I think this forum controls Bitcoin price more than it should. This thread in particular is one that is a controlling force because people do make buy and sell decisions based on what they see here and it pops up every time at the top of "new forum posts" because it's the most active thread on the forum.

It scares me to think this forum (Speculation) is a market maker. I sort of refuse to believe it, but it may be true. If it is, everything is far more fragile than I thought.

ChartBuddy

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Explanation

QuestionAuthority

legendary

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You lead and I'll watch you walk away.

Quote from: njcarlos on October 08, 2014, 12:52:08 PM

Quote from: QuestionAuthority on October 08, 2014, 12:46:28 PM

Ok, your not a shit talker. You should have just called me out like you just did.People are responsible sure but they get led in the wrong direction all the time. That's not their fault. If not this forum where are you supposed to get advise on Bitcoin?

It's up to the individual to read everything they can, and come to their own conclusions. It's simple due diligence. You can't just come to this forum and expect to get sound financial advice. And if you think someone makes valid points, read their post history. See if they've ever been right. Or see if they just spout the same crap no matter the price (half the bulls in this section of the forum). Better yet, just use common sense. Sans a black swan event, it's pretty easy to gauge the sentiment of the community across here, reddit, and other sources. That, and a little math and the available network metrics. When X amount of coins are minted per day requiring X amount of millions to sustain a price seems outlandish based on perceived sentiment, or the driving force behind a rally (China) is losing steam amidst disconcerting government announcements, hey, it's probably going down a bit. No need to listen to people shouting "cheap coins" when all this is staring you right in the face.

Yeah, that's all true. I have learned that slowly, oddly enough, from watching this thread. I think this forum controls Bitcoin price more than it should. This thread in particular is one that is a controlling force because people do make buy and sell decisions based on what they see here and it pops up every time at the top of "new forum posts" because it's the most active thread on the forum.

octaft

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Anyone who states anything about what will happen in the future as unequivocal fact should be disregarded.

Ryota

member

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Quote from: hyphymikey on October 08, 2014, 12:28:22 PM

Profit taking on an up trend?

Bitcoin is a game, the goal is to find good bottoms, buy low and ~~dump~~ sell high.

njcarlos

sr. member

Activity: 280

Merit: 250

Quote from: QuestionAuthority on October 08, 2014, 12:46:28 PM

Ok, your not a shit talker. You should have just called me out like you just did.People are responsible sure but they get led in the wrong direction all the time. That's not their fault. If not this forum where are you supposed to get advise on Bitcoin?

It's up to the individual to read everything they can, and come to their own conclusions. It's simple due diligence. You can't just come to this forum and expect to get sound financial advice. And if you think someone makes valid points, read their post history. See if they've ever been right. Or see if they just spout the same crap no matter the price (half the bulls in this section of the forum). Better yet, just use common sense. Sans a black swan event, it's pretty easy to gauge the sentiment of the community across here, reddit, and other sources. That, and a little math and the available network metrics. When X amount of coins are minted per day requiring Y amount of millions to sustain a price seems outlandish based on perceived sentiment, or the driving force behind a rally (China) is losing steam amidst disconcerting government announcements, hey, it's probably going down a bit. No need to listen to people shouting "cheap coins" when all this is staring you right in the face.

Cheeseonastick

newbie

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The question I am asking myself right now, is likely the same question that intelligent people all over planet earth are asking themselves right now; where is this heat coming from, and is it sustainable?

In times like these, visualizations can be cathartic.

Ladies and gentlemen, cross your fingers and prepare for launch!

https://www.youtube.com/watch?v=uNZUswvPccU#t=29s

riiiiising

full member

Activity: 336

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The bear trolls are gone, Blitz has banned idiots like fallling and his sock puppets who made ridiculous claims that bitcoin would drop further in price! We all know $275 was absolute bottom, there is no way it's going lower.

So now finally, we can start back up again. The FUD spread around here this year has been way too much.

QuestionAuthority

legendary

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You lead and I'll watch you walk away.

Quote from: ?? on ??

Quote from: QuestionAuthority on October 08, 2014, 12:39:24 PM

I understand. You I might listen to and take short term advise from. You provide rational arguments and really seem to know what your doing unlike the shit talkers here who post intelligent responses like Derp. I'm sorry I thought you were just another one being a downer. As someone suggested, I should have just asked you why you thought that.

How am I a shit talker because I agreed with everyone calling you out for being pretentious with a fake bet? I said "derp" because, frankly, you were alluding to the fact that personal responsibility is somehow not an implied necessity for life in general.

Ok, you're not a shit talker. You should have just called me out like you just did. People are responsible sure but they get led in the wrong direction all the time. That's not their fault. If not this forum where are you supposed to get advise on Bitcoin?

njcarlos

sr. member

Activity: 280

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Quote from: QuestionAuthority on October 08, 2014, 12:39:24 PM

I understand. You I might listen to and take short term advise from. You provide rational arguments and really seem to know what your doing unlike the shit talkers here who post intelligent responses like Derp. I'm sorry I thought you were just another one being a downer. As someone suggested, I should have just asked you why you thought that.

How am I a shit talker because I agreed with everyone calling you out for being pretentious with a fake bet? I said "derp" because, frankly, you were alluding to the fact that personal responsibility is somehow not an implied necessity for life in general.

I mean...

Quote from: QuestionAuthority on October 08, 2014, 12:30:29 PM

Yeah, I guess so. You guys aren't responsible when people act foolish. You bastards have lost me a few coins before but I guess that's my fault for listening to you.

No offense, but no shit.

sidhujag

legendary

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I'll say this too.. watch for 2070 to fall thru like a knife if it happens.. it will act as a resistance once broken and may be a good indicator to buy once breached on the upside later on. Thus you have your support level to set as a stoploss... thats what I'd do if I was taking a trade right now.

tarmi

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Quote from: njcarlos on October 08, 2014, 12:29:24 PM

Quote from: hyphymikey on October 08, 2014, 12:28:22 PM

Profit taking on an up trend?

I wouldn't necessarily call a small rebound from 1year+ lows an "uptrend."

thank you.

what I find even more concerning is perm bears turning into bulls.

watch out for train pics.

QuestionAuthority

legendary

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You lead and I'll watch you walk away.

Quote from: sidhujag on October 08, 2014, 12:33:17 PM

Quote from: QuestionAuthority on October 08, 2014, 12:25:58 PM

Quote from: sidhujag on October 08, 2014, 12:21:16 PM

Quote from: QuestionAuthority on October 08, 2014, 12:19:16 PM

Quote from: sidhujag on October 08, 2014, 12:16:35 PM

Quote from: QuestionAuthority on October 08, 2014, 12:12:31 PM

Quote from: sidhujag on October 08, 2014, 12:11:11 PM

Quote from: QuestionAuthority on October 08, 2014, 12:05:54 PM

Quote from: oda.krell on October 08, 2014, 12:01:39 PM

Those "1 QUADRILLION!!! btc" bets are so off-putting. Last one that I remember that completely failed was something between rpietila and windjc, iirc.

Point is, with a stake that high (even for the "big holders"), it never comes to fruition. Take a hint from the regular money rich dudes: when they make a public bet, it's in a reasonable range: cigars worth a few thousand dollars. 10k to a charity. Stuff like that. They don't always need to flash 25% of their net worth to make a bet.

Hence my suggestion: if you want to call someone out on a statement, in the form of a bet, make it in the range of a few k USD. 5 BTC. 10 maybe. It's enough to make your point, looks good, and most importantly: it's not so bloated an amount that it never will be taken up.

/rant

I always believed that anyone sitting constantly watching this thread and trying to predict movement was playing with a lot of coin. It hardly seems worth it to me if your not.

I'm not watching this thread like you make it out to seem.. I came on here based on my analysis to provide what I thought was going to happen based on the charts I saw... which I check maybe once or twice a day. I genuinely am not trying to scare people off to sell or whatnot so I can buy cheaper I try to say what I think the truth is. I hold coins and never sold 1 although my average buy in price is much lower.

That's exactly what I thought you were trying to do. Scare people off.

I know you thought that based on your reply to me and that's why I'm telling you that. Anyways no point to call people out with something you can't back up either... contrary to what you may think the market is not totally random.. although mathematicians claimed to have proven it so, I've been around long enough to see that they aren't... money management is HARDER than trying to predict direction which you can train to determine with an edge... and an edge of 1% is sufficient to make any amount of money you like over time, but the balls to put money where you mouth is harder than anything else.. so essentially if I get odds based on what I believe is the direction then why wouldn't I be prepared to bet on it? We can do a smaller amount if you would like.

I don't think it takes anything special to be a gambler. But all the negative - it's gonna drop really low is keeping it down. A lot of people read this silly thread and don't post and take the advice of people that really don't know what's going to happen.

Oh it does take something special.. it takes atleast 10k hours just like any other profession. Anything less and you are just that.. a gambler not a trader/investor. Most ppl give up.... and I prefer long term valuations instead of trading because I don't have the time to devote to watch swing positions and be mentally prepared for shifting sentiment.

But they assume that the people posting here have and they can lose big time. I will assume that you have all the experience and degrees in trading and you are giving sound advise. What if I acted on it and sold everything waiting for this big drop than never happened? That's bad.

Its up to the reader to qualify in his mind which posts he will pay attention to and which one he won't... to my knowledge I give sound advice and it may be wrong... may be right.. but I believe even with a 1% edge over time you will be more right than wrong and that's all that matters... if someone is putting more than 1% allocation on a bet like that they will end up with 0 sum because the odds aren't in his favour. Just like people claiming to da moon or to da floor... people don't really pay attention unless they qualify it with a reason in their mind to do something about it. I could have given a more technical basis for the reason I posted what I did but I seriously would rather refrain from that unless im backed into a corner and I have to come up with the time to explain because everyone and their dog can "predict" price in the short term like you say.. some people seem to get it right more than they get it wrong.. and thats probably why there are traders who make it and aren't reliant on luck alone.

I understand. You I might listen to and take short term advise from. You provide rational arguments and really seem to know what your doing unlike the shit talkers here who post intelligent responses like Derp. I'm sorry I thought you were just another one being a downer. As someone suggested, I should have just asked you why you thought that.

octaft

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Quote from: hyphymikey on October 08, 2014, 12:28:22 PM

Profit taking on an up trend?

What's wrong with that?

blade87

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Quote from: njcarlos on October 08, 2014, 12:35:30 PM

Quote from: blade87 on October 08, 2014, 12:32:48 PM

I'm not expecting a rally right now. But I'm also not going to wait until $500-$700 "to be a confirmed up trend" before I buy again. That defeats the purpose of being heavily involved in a market. If I'm looking at charts and have no idea what is going in the market, then I'll play strictly by TA. But being involved with BTC and seeing everything that has come, either I cost average down, (or up) from here out. My trading strategy seems to work in the long run. While I'm not calling peaks and minimums perfectly, I still gain with patience.

And for the record, I'm not exactly ready to pay $350+ myself yet, though $300 and less is a start buying for me.

I'm of the same belief as your last statement. My point was that the FOMO effect is far too premature. This massive correction won't just bounce off the floor and continue up perpetually. We will grind down and sideways for awhile before confidence returns to this market, and eventually FOMO might become relevant again.

Fair enough. I can't disagree over the sideways grind that needs to come. So I'm more or less directing the original statement at the greedy bear trolls then. Wink