Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 26360.

njcarlos

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Quote from: adamstgBit on August 15, 2014, 01:22:25 PM

when its a good idea to sell bitcoin ( long term good idea ) the value will be 0.

is the value 0? HOLD!

Cheesy

Stored. adamstgBit gives investment advice. I hope to not see this as one of your anti-bear attacks when they just state opinions and make no claims to use said opinions as advice.

adamstgBit

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Quote from: kireinaha on August 15, 2014, 01:22:57 PM

Quote from: cdooer on August 15, 2014, 01:19:00 PM

Quote from: kireinaha on August 15, 2014, 01:07:15 PM

Let me guess... you're still holding?

Yep, its got a ways to go before I decide to jump ship. Besides, given my inability to figure what the hell is going to happen, the minute I sell someone will announce an ETF is approved, or Amazon is accepting it, and it will go through the roof. I committed a pretty small amount of fiat that I'm willing to lose.

Honestly, given the market right now, an acceptance by Amazon (unlikely given the promotion of their new mobile payment system this week) or the Twinklevoss ETF approval would only cause a small bump in prices here.

think more then 24 hours ahead and you might get ahead.

hdbuck

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screw rept, all hail to lucif! ^^

kireinaha

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Quote from: cdooer on August 15, 2014, 01:19:00 PM

Quote from: kireinaha on August 15, 2014, 01:07:15 PM

Let me guess... you're still holding?

Yep, its got a ways to go before I decide to jump ship. Besides, given my inability to figure what the hell is going to happen, the minute I sell someone will announce an ETF is approved, or Amazon is accepting it, and it will go through the roof. I committed a pretty small amount of fiat that I'm willing to lose.

Honestly, given the market right now, an acceptance by Amazon (unlikely given the promotion of their new mobile payment system this week) or the Twinklevoss ETF approval would only cause a small bump in prices here.

adamstgBit

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Quote from: bigasic on August 15, 2014, 01:17:10 PM

I;ve heard that bitstamps issue with their changing banks is the main reason for this dump, but it doesnt make sense, their volume has been huge over the last few days, if people were having issues getting money on or off, why such the huge volume? it would be the opposite..

I hate playing the "what the hell happened game" but all ive heard is good news lately about bitcoin over the past few months, so i just dont get it... Im a holder, but im really starting to rethink it..

when its a good idea to sell bitcoin ( long term good idea ) the value will be 0.

is the value 0? HOLD!

Cheesy

oda.krell

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Quote from: aminorex on August 15, 2014, 01:12:33 PM

monkey is disturbed by world war three. he's confused and out of the market. that means i hold.

... which answers my earlier question. Too bad that monkey is chained up in the basement instead of being allowed to trade. He seems competent enough.

cdooer

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Quote from: kireinaha on August 15, 2014, 01:07:15 PM

Let me guess... you're still holding?

Yep, its got a ways to go before I decide to jump ship. Besides, given my inability to figure what the hell is going to happen, the minute I sell someone will announce an ETF is approved, or Amazon is accepting it, and it will go through the roof. I committed a pretty small amount of fiat that I'm willing to lose.

bigasic

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I;ve heard that bitstamps issue with their changing banks is the main reason for this dump, but it doesnt make sense, their volume has been huge over the last few days, if people were having issues getting money on or off, why such the huge volume? it would be the opposite..

I hate playing the "what the hell happened game" but all ive heard is good news lately about bitcoin over the past few months, so i just dont get it... Im a holder, but im really starting to rethink it..

Remember the recession of 2008? people lost a shitload of their retirement, but it only took 3 years or so to recover and surpass their losses, so, with bitcoin, you have to think long term, what it will be in 5 years, not what it will be tomorrow, it will just eat you up. at one point, I stopped looking where bitcoin was at daily. since the alt, I started looking again, i think im going to go back to not looking. it seemed to work better..

lightfoot

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I fix broken miners. And make holes in teeth :-)

Quote from: Wandererfromthenorth on August 15, 2014, 12:29:24 PM

Quote from: Schickeria on August 15, 2014, 12:24:51 PM

I think I should go out here. It's really turning heavy pathetic.

Ciao :-)

Why, explain?

Don't leave yet. Wait till people are wailing in despair, gnashing their teeth, weeping in chains.

Then wait a day then buy.

aminorex

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Sine secretum non libertas

monkey is disturbed by world war three. he's confused and out of the market. that means i hold.

njcarlos

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Quote from: adamstgBit on August 15, 2014, 01:10:03 PM

his analyse style ( not drawing dumb lines on charts, actually looking into the details compiling data to get info, trying hard to paint an accurate picture of the market ) does not lend itself to the short term.

I missed that in his pregnancy-theory thread. I do remember something like "we can give maybe ~1 year to that" -- seems pretty subjective and squishy to me.

mmitech

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things you own end up owning you

Quote from: aminorex on August 15, 2014, 01:05:35 PM

Quote from: kireinaha on August 15, 2014, 12:47:09 PM

Occasionally he is right about small, short term movements

As far as I can tell, he gets the big ones right in the ways that count, and sizes appropriately to optimize the expectation. The small short-term ones, not so much. I think my monkey does better in fact. To be fair I don't think he generally cares about the small short-term ones.

Perhaps someone with more time than I have can go through kireinaha's posts and back-test them?

you are a paid shill by him as well. and it is public.

adamstgBit

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Quote from: aminorex on August 15, 2014, 01:05:35 PM

Quote from: kireinaha on August 15, 2014, 12:47:09 PM

Occasionally he is right about small, short term movements

As far as I can tell, he gets the big ones right in the ways that count, and sizes appropriately to optimize the expectation. The small short-term ones, not so much. I think my monkey does better in fact. To be fair I don't think he generally cares about the small short-term ones.

Perhaps someone with more time than I have can go through kireinaha's posts and back-test them?

his analyse style ( not drawing dumb lines on charts, actually looking into the details compiling data to get info, trying hard to paint an accurate picture of the market ) does not lend itself to the short term.

mmitech

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things you own end up owning you

Quote from: BitChick on August 15, 2014, 01:00:03 PM

Quote from: njcarlos on August 15, 2014, 12:52:00 PM

Can you guys learn to prune quote trains? Just sayin

Quote from: BitChick on August 15, 2014, 12:49:18 PM

But what if a person knows that they are not wise when it comes to investments? Shouldn't they get advice from someone who is successful?

Do you really consider all early adopters "successful" investors? And if so, does being a successful investor necessarily mean an investor's success is from wisdom and not some other circumstance?

Many early adopters are no longer involved with Bitcoin, so I would say if they were able to survive the storms to get this point then they are successful.

Sure, it could be a little luck thrown in too, but if you haven't read some of Risto's threads (such as his Sane and Simple Savings plan for one example) then you don't really get that he has excellent advice for making wise decisions when it comes to investing in BTC with very little risk to those of us that are somewhat risk averse.

Granted, many on here love the thrill of the "gamble" and do very well day trading. I learned early on that I was not good at it. I am too emotional and it is really hard to time the trades well. So I buy and hold and so far it has been a great strategy.

so 1BTC really bought you? next time you should pray to him instead of your god, because your logic says that your god doesn't get any credit to anything but risto does...

njcarlos

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Wait, people listen to what BoA thinks? So confused right now.

aminorex

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Sine secretum non libertas

Quote from: cdooer on August 15, 2014, 01:00:40 PM

The Winklvii said ~$50k...hell, even the BoA said the fair value was $1300.

Well, BoA were blowing smoke. But the Wii were right, as time will prove. The open question is "when?"

Nightowlace

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Quote from: justusranvier on August 15, 2014, 12:55:25 PM

Quote from: rocks on August 15, 2014, 12:25:56 PM

But with bitcoin it will always be easy for people paying attention to take physical possession of their own coins in their own wallets. The only way to stop this is to make it illegal entirely, which exposes the scam. This is why I am betting on bitcoin more than gold this time around.

It's easy for people who are paying attention.

Yet, in spite of this, how many people who should have known better left life-changing amounts of Bitcoins sitting in the care and custody of Mark Karpeles because they were to lazy to set up a secure wallet on their own computers?

How many people will be tricked into the promise of interest-bearing Bitcoin bank accounts, pegged-to-gold or "easy" web wallets where they "don't have to worry" about their own security or backups.

How many Bitcoins are credited to the the accounts of Coinbase users vs the number that they actually hold?

In the long term, the manipulators lose. It's a question of how much damage they cause and how many innocent people get robbed between now and the inevitable.

Comparatively what I lost on Gox and Vircurex (22BTC) is peanuts to some of the people who lost hundreds if not thousands of bitcoin on those sites and others like it. Hopefully the Gox incident was enough to live forever in peoples minds and prevent it from ever happening again.

mmitech

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things you own end up owning you

Quote from: adamstgBit on August 15, 2014, 12:56:16 PM

schooled by a girl, its not any girl its bitchick, but c'mon, this is pathetic, you guys are saying "don't listen to anyone, think for yourself and sell after a ~20% drop, because I know its going lower"

you guys really really suck at this.

no one said sell, we are not giving anyone any financial advice, just find one post where I told anyone to do anything ? we are discussing walls and life matters like we always do Cheesy

kireinaha

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Quote from: cdooer on August 15, 2014, 01:00:40 PM

Quote from: kireinaha on August 15, 2014, 12:47:09 PM

Quote from: njcarlos on August 15, 2014, 12:40:48 PM

rpietila's latest gem:

The public is being mind-fucked to BTC pregnancy and we're waiting on the next cohort to give birth so that we can "super-move" north of $10k.

You've got to admit that Risto is a clever guy. He uses his own picture of himself in a suit and tie for his avatar, and utilizes various professional looking mathematical charts to sell people on the idea of bitcoin going super exponential in the near future. He then posts frequently about his castle and bourgeoisie lifestyle of fine wine and cigars to convince people that they too can be ultra rich if they just follow his lead. Occasionally he is right about small, short term movements, but when he's wrong they get quietly erased or swept under the rug.

Sounds to me that some people here bought at the top, and are pretty eager to blame somebody. Risto hasn't been the only one saying the price of BTC is going through the roof. The Winklvii said ~$50k...hell, even the BoA said the fair value was $1300. Don't blame others because you're a moron and can't make your own decisions. This is the speculation thread, right?

I sold before the crash this week, so I'm not "blaming" anyone, because there is nothing to blame. Let me guess... you're still holding?

aminorex

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Sine secretum non libertas

Quote from: kireinaha on August 15, 2014, 12:47:09 PM

Occasionally he is right about small, short term movements

As far as I can tell, he gets the big ones right in the ways that count, and sizes appropriately to optimize the expectation. The small short-term ones, not so much. I think my monkey does better in fact. To be fair I don't think he generally cares about the small short-term ones.

Perhaps someone with more time than I have can go through kireinaha's posts and back-test them?

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