Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 26456. (Read 26732292 times)

Overly emotional response. I hope that you all realize that I simply don't f---ing care enough to try to spread FUD. It was my take on a story. I like being right. It is why I banter about which way the market is going. Anyhow, it doesn't really matter that the market should go down (for this reason or a handful of others) because the volume is so heavy. I need to learn to just stay put otherwise I'll get nickled and dimed to death.

Have a jolly evening. And don't accuse me of s---. I don't like that. I just say what's on the top of my head.

Explanation

Newbie.. your response is pure bullshit and FUD spreading .. I just hope you are NOT coming to these ridiculous non fact based conclusions on purpose.

Two dutch BTC 'providers' also sold out. One is giving slight bonus on selling to them.

YES>>>>>> you are being hyperbolic, and you seem to be spreading FUD... maybe you are NOT doing this on purpose, but you are making much more out of the situation than the FACTS support.

The news is bullish.. b/c it means that a lot of Coinbase customers are buying and have bought more coins than Coinbase had prepared for sale.

The news is problematic, b/c we do NOT know how long Coinbase is going to remain without coins for sale..   Your stating an assumption that they are NOT going to have coins for four days b/c that is what the message states for the guarantee of coins being available is also misplaced.. b/c nothing in that message should cause you to assume that Coinbase will NOT have coins until the stated dates....  additionally, I have experienced that they usually get coins much more quickly.. probably even in less than a day.. but we may have to wait until Monday... possibly.   

So the news would be problematic if we have to wait until Monday or even later for BTC to be available through coinbase.

That doesn't make sense at all, why would be coinbase bought out? They must have atleast few k's of BTC stored, no?

Hey Newbie1022. Don't listen to the hodl trolls, now is the time to trade. (actually, always is the time to trade, if you can spend some time on it and are willing to learn).

That said, here's some advice I wish someone would have given me: Historically, Bitcoin greatly favored holding coins (which is why so many in here believe in pure buy & hold). So a lot of us heard about Bitcoin, got excited, bought in -- and them some of us started trading. The advice I consider extremely useful: don't trade with your entire position from the beginning. You should rarely go "all in" anyway because of risk control, but even the size of your trading account that you consider for individual order size should only be a fraction of your entire Bitcoin account, imo.

Say, you start with 10% of your Bitcoin account. Had a profitable month? Double that percentage. Made a loss, cut it in half. You get the idea. It's the "probation" period for you as a trader, and it allows you to, as you say, learn the ropes without incurring major losses through bad decisions.

However, since the situation is looking a lot more bearish now than a month ago imo, the default position of keeping the rest of your Bitcoin account in coins is maybe not the best advice either. But whatever you decide in that respect, I suggest to not actively (i.e. daily, or weekly) trade with the entire account, unless it is small enough that it really doesn't matter.

You are correct... Coinbase has such a policy, but only a stupid person would employ such a policy, rather than manually attempting to figuring out when to buy between NOW and 5 days from NOW...    Coinbase will surely have more BTC available before 5 days.. and maybe even in a few hours... and I would surmise by the latest on Monday.

Your speculation is crap... b/c you do NOT even know.  They run out of BTC, and they claim that they cannot get the BTC until they get more out of storage or whatever...... and this happens when there is an upturn in buying activity. 

Main problem that I see is that they should just maintain a higher volume of access to BTC... but apparently, they have already calculated that that particular business model does NOT work for them b/c they do NOT necessarily want to hold that much BTC.   

another possible solution would be for them to establish a mechanism in which they can purchase BTC.. directly off of an exchange in order to be able to sell it, and apparently they have NOT figured out an efficient, safe and/or profitable model for doing that - other wise they would do it.

Well that's quite obvious isn't it? When demand exceeds supply prices are poised to move up. Of course Coinbase is only one of the markets though.

IN the past when this had happened to me, I had noticed that if you keep clicking, you may get an opportunity to buy... however, one time I asked them for an explanation about this along with other related issues, and they explained that sometimes they have worse problems like this over the weekend... and this could signify that this issue may persist to some extent until monday... , which would really SUCK!!!!

NO... you have come here, to keep the lights on.  Welcome, newbie!!   

There are charts for that? WOW... I keep learning new things.  

Explanation

Indicator telling me to get out, but maybe China will break out of their wedge if they are encouraged?!



Edit 1:
Link: https://i.imgur.com/aFtY0vc.png

Edit 2:
Lol. Seems we still follow Chinas lead (and shorters at Bitfinex)  

 

Completely agree. Not sure how that kind of thing could be portrayed as bearish in any way. It shows there is strong demand at these prices.

Explanation

Awoken after time away to see a 5xx handle. A little cough upwards and the market will get the bears crying. Still very thin market.

Coinbase running out of coins to sell to customers? Obviously running out of coins is bullish. It implies internally they have more buying than selling, which at this price has exhausted their supply.

The fact 'traders'on here are arguing it is bearish is hilarious. Black is white, right?

Oh no the pain of using Vim  

Hi Richy_T. I think my math is pretty relevant. What do you think is the main reason why it is not appropriate?