Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 26768.

Zohann

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Quote from: MoreFun on July 14, 2014, 09:25:09 PM

Quote from: Zohann on July 14, 2014, 09:21:25 PM

The market could easily move up 70-150 in a day.

I agree, but I hope you have $20M on the table to bring it. Every high is lower in we have no power... But I agree, things can turn around in hours, but nothing is showing this to happen in the coming days...

GABI? Institutional money is already moving to get in, and more than 20 million will buy in to front run the GABI launch on August 1st.

Blazed

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I think we are primed for a small bull run...HODL for now!

adamstgBit

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Trusted Bitcoiner

Quote from: hodlmybtc on July 14, 2014, 09:11:27 PM

Is it me or is selling all your coins at the moment to hopefully buy back in cheaper next week highly risky?

I have less than 12 coins and at this current moment I wouldn't dare to sell even 1.

At this current moment the upward potential by far outweighs the chance of buying in a tiny bit cheaper along with the chance of missing out and/or having to panic buy back in at a higher price.

Also you don't lose money unless you sell at a loss, by holding in a small temporary downwards movement you don't lose anything.

first, selling all your coins is not recommended... you gotta have that long term hodl even if it is just 1 BTC and you trade a alot... Always be HODLING!

second, totally depends on your entry point risk tolerance and stuff.

once you got all that sorted out.

feel free too go gamble your bitcoin net worth at bitstamps!

MoreFun

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Activity: 1008

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WePower.red

Quote from: Zohann on July 14, 2014, 09:21:25 PM

The market could easily move up 70-150 in a day.

I agree, but I hope you have $20M on the table to bring it. Every high is lower in we have no power... But I agree, things can turn around in hours, but nothing is showing this to happen in the coming days...

kodtycoon

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Activity: 1568

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Quote from: Zohann on July 14, 2014, 09:21:25 PM

I think you're taking a pretty substantial risk by choosing to be in fiat here. The sale of the Silk Road coins projected around 575-600 per coin.. That is the most your going to get from downside here. The market could easily move up 70-150 in a day.

We have two differing opinions, and that's what makes a market

Please post when you buy back in.

thats a risk i wouldnt have taken ether.. then again im not a trader so dont know shit - held everything 99% of the time since november lol

Zohann

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Activity: 92

Merit: 10

I think you're taking a pretty substantial risk by choosing to be in fiat here. The sale of the Silk Road coins projected around 575-600 per coin.. That is the most your going to get from downside here. The market could easily move up 70-150 in a day.

We have two differing opinions, and that's what makes a market

Please post when you buy back in.

adamstgBit

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Activity: 1904

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Trusted Bitcoiner

when they pop back up.... BITE! Grin

adamstgBit

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Trusted Bitcoiner

walls gone Sad

adamstgBit

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Activity: 1904

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Trusted Bitcoiner

oh look walls!

MoreFun

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WePower.red

Quote from: hodlmybtc on July 14, 2014, 09:11:27 PM

Is it me or is selling all your coins at the moment to hopefully buy back in cheaper next week highly risky?

I have less than 12 coins and at this current moment I wouldn't dare to sell even 1.

At this current moment the upward potential by far outweighs the chance of buying in a tiny bit cheaper along with the chance of missing out and/or having to panic buy back in at a higher price.

Also you don't lose money unless you sell at a loss, by holding in a small temporary downwards movement you don't lose anything.

We just broke 2 year bullish trend, have no buying power visible and also good news don't effect the price at all. We didn't have a bad news for a long time, we forgot the feeling...

If anyone sold short term (weeks) be careful for high up volume, otherwise not so so risky. There won't be moon here next week.

shmadz

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@theshmadz

Quote from: hodlmybtc on July 14, 2014, 09:11:27 PM

Is it me or is selling all your coins at the moment to hopefully buy back in cheaper next week highly risky?

I have less than 12 coins and at this current moment I wouldn't dare to sell even 1.

At this current moment the upward potential by far outweighs the chance of buying in a tiny bit cheaper along with the chance of missing out and/or having to panic buy back in at a higher price.

Also you don't lose money unless you sell at a loss, by holding in a small temporary downwards movement you don't lose anything.

I dunno, I'm feeling like up, which probably means down, but it still feels more like up.. Huh

JorgeStolfi

hero member

Activity: 910

Merit: 1003

Perhaps those concentrated buying sprees that suddenly pushed the price up from ~450 to ~600--650, starting on May 20, were individual traders getting invited to the BitVC exchange (that Huobi is setting up in Hong Kong), converting all their yuan to bitcoin in order to trade there.

hodlmybtc

hero member

Activity: 700

Merit: 500

Is it me or is selling all your coins at the moment to hopefully buy back in cheaper next week highly risky?

I have less than 12 coins and at this current moment I wouldn't dare to sell even 1.

At this current moment the upward potential by far outweighs the chance of buying in a tiny bit cheaper along with the chance of missing out and/or having to panic buy back in at a higher price.

Also you don't lose money unless you sell at a loss, by holding in a small temporary downwards movement you don't lose anything.

MoreFun

legendary

Activity: 1008

Merit: 1003

WePower.red

Quote from: adamstgBit on July 14, 2014, 08:52:05 PM

Quote from: Newbie1022 on July 14, 2014, 08:39:02 PM

Quote from: adamstgBit on July 14, 2014, 08:26:29 PM

Quote from: Newbie1022 on July 14, 2014, 08:19:18 PM

Quote from: Newbie1022 on July 14, 2014, 08:18:09 PM

Crashing into the low 500s by this time next week. The pressure seems to be more towards the downside and we all know that there is bad news coming -- Bitfinex isn't prepared for the 21st, Lawsky... even if it turns out to be good news... will be confusing enough to seem like bad news initially, China seems bored, and the degree of market manipulation has seemed to intensify as of late. Sprinkle a little FUD on top of this along with the larger batch of Silk Road coins strung around the market's next like an albatross (and the fact that we had a bump following not even really knowing what the bid price was on the smaller batch bitcoin auction... we just extrapolated out our backsides). Oh yes, and add in the fact that even with great news we can't seem to break towards the upside... if we are going anywhere near term it is down.

By the way, I am generally positive for our long term and even 6 months out prospects. But, next couple weeks look like they'll be tough going.

quality FUD

not bad.

Cool story bro. Hey, I'm not saying it will be the end of days or anything, but I think we are about to get a buying opportunity... it might be the last good one. It's up to you to decide whether the glass is half empty or half full, but we both know in the very short-term (next week or so) downside odds are greater than upside odds. Think about the volume for instance... it says two things -- (1) nobody is all that excited to buy right now; and (2) smarter money is trying to unwind their positions without having everybody race out of the auditorium. Also, think about the good news we've received lately... it has had zero effect. By contrast, even the weak FUD piece by the European Central Bank caused a 4 to 5% drop. Now, we have a market situation with Bitfinex that could go south very quickly and we know the regulators will have harsh sounding cautions that won't amount to anything in practical effect (it'll be a green light... good news... that will sound like a red light).

So, I sold my (pretty modest) stash of 12 coins (I am relatively poor but not terribly so) this morning. I am waiting until sometime mid next week to re-enter. You can cheerlead all you want, but have fun losing money doing that (unless you are just hodling very long-term in which point it is probably irrelevant). Thanks, have a nice day.

i hear you.

you got some compelling FUD. but i think, you seeing the market looking as topy is questionable, and your target of "low 500s" unreasonable

as for the other thing, I think honey badger won't care. we'll see.

Definition of a honeybadger is not that he can't fall ("go low"), but everytime he fall he will get back up like nothing happened.

Newbie1022

full member

Activity: 238

Merit: 100

Quote from: adamstgBit on July 14, 2014, 09:01:24 PM

Quote from: adamstgBit on July 14, 2014, 08:52:05 PM

Quote from: Newbie1022 on July 14, 2014, 08:39:02 PM

Quote from: adamstgBit on July 14, 2014, 08:26:29 PM

Quote from: Newbie1022 on July 14, 2014, 08:19:18 PM

Quote from: Newbie1022 on July 14, 2014, 08:18:09 PM

Crashing into the low 500s by this time next week. The pressure seems to be more towards the downside and we all know that there is bad news coming -- Bitfinex isn't prepared for the 21st, Lawsky... even if it turns out to be good news... will be confusing enough to seem like bad news initially, China seems bored, and the degree of market manipulation has seemed to intensify as of late. Sprinkle a little FUD on top of this along with the larger batch of Silk Road coins strung around the market's next like an albatross (and the fact that we had a bump following not even really knowing what the bid price was on the smaller batch bitcoin auction... we just extrapolated out our backsides). Oh yes, and add in the fact that even with great news we can't seem to break towards the upside... if we are going anywhere near term it is down.

By the way, I am generally positive for our long term and even 6 months out prospects. But, next couple weeks look like they'll be tough going.

quality FUD

not bad.

Cool story bro. Hey, I'm not saying it will be the end of days or anything, but I think we are about to get a buying opportunity... it might be the last good one. It's up to you to decide whether the glass is half empty or half full, but we both know in the very short-term (next week or so) downside odds are greater than upside odds. Think about the volume for instance... it says two things -- (1) nobody is all that excited to buy right now; and (2) smarter money is trying to unwind their positions without having everybody race out of the auditorium. Also, think about the good news we've received lately... it has had zero effect. By contrast, even the weak FUD piece by the European Central Bank caused a 4 to 5% drop. Now, we have a market situation with Bitfinex that could go south very quickly and we know the regulators will have harsh sounding cautions that won't amount to anything in practical effect (it'll be a green light... good news... that will sound like a red light).

So, I sold my (pretty modest) stash of 12 coins (I am relatively poor but not terribly so) this morning. I am waiting until sometime mid next week to re-enter. You can cheerlead all you want, but have fun losing money doing that (unless you are just hodling very long-term in which point it is probably irrelevant). Thanks, have a nice day.

i hear you.

you got some compelling FUD. but i think, you seeing the market looking as topy is questionable, and your target of "low 500s" unreasonable

as for the other thing, I think honey badger won't care. we'll see.

12BTC is GOOOD
you sold everything?
your right tho, you got a good chance of buying lower. i mean this is bitcoin, NEVER give up hope on your trades and take a loss, or else you're doing it wrong....

Word. I did sell them all. Mind you, I am looking at sometime next week as a reentry point... maybe I can get myself more than 12 (that would be sweet!). After that, I expect rampant awesomeness only.

Newbie1022

full member

Activity: 238

Merit: 100

Quote from: adamstgBit on July 14, 2014, 08:52:05 PM

Quote from: Newbie1022 on July 14, 2014, 08:39:02 PM

Quote from: adamstgBit on July 14, 2014, 08:26:29 PM

Quote from: Newbie1022 on July 14, 2014, 08:19:18 PM

Quote from: Newbie1022 on July 14, 2014, 08:18:09 PM

Crashing into the low 500s by this time next week. The pressure seems to be more towards the downside and we all know that there is bad news coming -- Bitfinex isn't prepared for the 21st, Lawsky... even if it turns out to be good news... will be confusing enough to seem like bad news initially, China seems bored, and the degree of market manipulation has seemed to intensify as of late. Sprinkle a little FUD on top of this along with the larger batch of Silk Road coins strung around the market's next like an albatross (and the fact that we had a bump following not even really knowing what the bid price was on the smaller batch bitcoin auction... we just extrapolated out our backsides). Oh yes, and add in the fact that even with great news we can't seem to break towards the upside... if we are going anywhere near term it is down.

By the way, I am generally positive for our long term and even 6 months out prospects. But, next couple weeks look like they'll be tough going.

quality FUD

not bad.

Cool story bro. Hey, I'm not saying it will be the end of days or anything, but I think we are about to get a buying opportunity... it might be the last good one. It's up to you to decide whether the glass is half empty or half full, but we both know in the very short-term (next week or so) downside odds are greater than upside odds. Think about the volume for instance... it says two things -- (1) nobody is all that excited to buy right now; and (2) smarter money is trying to unwind their positions without having everybody race out of the auditorium. Also, think about the good news we've received lately... it has had zero effect. By contrast, even the weak FUD piece by the European Central Bank caused a 4 to 5% drop. Now, we have a market situation with Bitfinex that could go south very quickly and we know the regulators will have harsh sounding cautions that won't amount to anything in practical effect (it'll be a green light... good news... that will sound like a red light).

So, I sold my (pretty modest) stash of 12 coins (I am relatively poor but not terribly so) this morning. I am waiting until sometime mid next week to re-enter. You can cheerlead all you want, but have fun losing money doing that (unless you are just hodling very long-term in which point it is probably irrelevant). Thanks, have a nice day.

i hear you.

you got some compelling FUD. but i think, you seeing the market looking as topy is questionable, and your target of "low 500s" unreasonable

as for the other thing, I think honey badger won't care. we'll see.

Fair point. That is seriously what I think, but I could see how calling for a 15% to 20% drop would seem a bit obtuse.

adamstgBit

legendary

Activity: 1904

Merit: 1037

Trusted Bitcoiner

Quote from: adamstgBit on July 14, 2014, 08:52:05 PM

Quote from: Newbie1022 on July 14, 2014, 08:39:02 PM

Quote from: adamstgBit on July 14, 2014, 08:26:29 PM

Quote from: Newbie1022 on July 14, 2014, 08:19:18 PM

Quote from: Newbie1022 on July 14, 2014, 08:18:09 PM

Crashing into the low 500s by this time next week. The pressure seems to be more towards the downside and we all know that there is bad news coming -- Bitfinex isn't prepared for the 21st, Lawsky... even if it turns out to be good news... will be confusing enough to seem like bad news initially, China seems bored, and the degree of market manipulation has seemed to intensify as of late. Sprinkle a little FUD on top of this along with the larger batch of Silk Road coins strung around the market's next like an albatross (and the fact that we had a bump following not even really knowing what the bid price was on the smaller batch bitcoin auction... we just extrapolated out our backsides). Oh yes, and add in the fact that even with great news we can't seem to break towards the upside... if we are going anywhere near term it is down.

By the way, I am generally positive for our long term and even 6 months out prospects. But, next couple weeks look like they'll be tough going.

quality FUD

not bad.

Cool story bro. Hey, I'm not saying it will be the end of days or anything, but I think we are about to get a buying opportunity... it might be the last good one. It's up to you to decide whether the glass is half empty or half full, but we both know in the very short-term (next week or so) downside odds are greater than upside odds. Think about the volume for instance... it says two things -- (1) nobody is all that excited to buy right now; and (2) smarter money is trying to unwind their positions without having everybody race out of the auditorium. Also, think about the good news we've received lately... it has had zero effect. By contrast, even the weak FUD piece by the European Central Bank caused a 4 to 5% drop. Now, we have a market situation with Bitfinex that could go south very quickly and we know the regulators will have harsh sounding cautions that won't amount to anything in practical effect (it'll be a green light... good news... that will sound like a red light).

So, I sold my (pretty modest) stash of 12 coins (I am relatively poor but not terribly so) this morning. I am waiting until sometime mid next week to re-enter. You can cheerlead all you want, but have fun losing money doing that (unless you are just hodling very long-term in which point it is probably irrelevant). Thanks, have a nice day.

i hear you.

you got some compelling FUD. but i think, you seeing the market looking as topy is questionable, and your target of "low 500s" unreasonable

as for the other thing, I think honey badger won't care. we'll see.

12BTC is GOOOD
you sold everything?
your right tho, you got a good chance of buying lower. i mean this is bitcoin, NEVER give up hope on your trades and take a loss, or else you're doing it wrong....

ChartBuddy

legendary

Activity: 2380

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1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ

Explanation

Patel

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Activity: 1320

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Quote from: MoreFun on July 14, 2014, 07:55:45 PM

Quote from: arklan on July 14, 2014, 07:46:21 PM

the relative stability we're in is just dragging on... i hope all this "july 24th" business actually bears fruit.

What about july 24th?

It's really anytime between now and the 24th is when Lawsky said he will release the regulation proposal.

That's what the date represents.

adamstgBit

legendary

Activity: 1904

Merit: 1037

Trusted Bitcoiner

Quote from: Newbie1022 on July 14, 2014, 08:39:02 PM

Quote from: adamstgBit on July 14, 2014, 08:26:29 PM

Quote from: Newbie1022 on July 14, 2014, 08:19:18 PM

Quote from: Newbie1022 on July 14, 2014, 08:18:09 PM

Crashing into the low 500s by this time next week. The pressure seems to be more towards the downside and we all know that there is bad news coming -- Bitfinex isn't prepared for the 21st, Lawsky... even if it turns out to be good news... will be confusing enough to seem like bad news initially, China seems bored, and the degree of market manipulation has seemed to intensify as of late. Sprinkle a little FUD on top of this along with the larger batch of Silk Road coins strung around the market's next like an albatross (and the fact that we had a bump following not even really knowing what the bid price was on the smaller batch bitcoin auction... we just extrapolated out our backsides). Oh yes, and add in the fact that even with great news we can't seem to break towards the upside... if we are going anywhere near term it is down.

By the way, I am generally positive for our long term and even 6 months out prospects. But, next couple weeks look like they'll be tough going.

quality FUD

not bad.

Cool story bro. Hey, I'm not saying it will be the end of days or anything, but I think we are about to get a buying opportunity... it might be the last good one. It's up to you to decide whether the glass is half empty or half full, but we both know in the very short-term (next week or so) downside odds are greater than upside odds. Think about the volume for instance... it says two things -- (1) nobody is all that excited to buy right now; and (2) smarter money is trying to unwind their positions without having everybody race out of the auditorium. Also, think about the good news we've received lately... it has had zero effect. By contrast, even the weak FUD piece by the European Central Bank caused a 4 to 5% drop. Now, we have a market situation with Bitfinex that could go south very quickly and we know the regulators will have harsh sounding cautions that won't amount to anything in practical effect (it'll be a green light... good news... that will sound like a red light).

So, I sold my (pretty modest) stash of 12 coins (I am relatively poor but not terribly so) this morning. I am waiting until sometime mid next week to re-enter. You can cheerlead all you want, but have fun losing money doing that (unless you are just hodling very long-term in which point it is probably irrelevant). Thanks, have a nice day.

i hear you.

you got some compelling FUD. but i think, you seeing the market looking as topy is questionable, and your target of "low 500s" unreasonable

as for the other thing, I think honey badger won't care. we'll see.

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