Is this quick and hard dump is caused by some news I'm not aware of ?
China bans BTC by the end of the month.
Fonzie, I have lost count - how many times has China banned bitcoin already?
Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 27571. (Read 26712708 times)
May 27, 2014, 02:52:32 AM
China bans BTC by the end of the month.
Fonzie, I have lost count - how many times has China banned bitcoin already?
May 27, 2014, 02:51:09 AM
Is this quick and hard dump is caused by some news I'm not aware of ?
China bans BTC by the end of the month.
May 27, 2014, 02:50:57 AM
Is this quick and hard dump is caused by some news I'm not aware of ?
Just some profit takers. It is a bullish indicator if anything May 27, 2014, 02:49:54 AM
Is this quick and hard dump is caused by some news I'm not aware of ?
May 27, 2014, 02:46:41 AM
Its shroomy's fault folks are dumping, he is a contrarian indicator 
May 27, 2014, 02:46:02 AM
Thanks for the advice all 
May 27, 2014, 02:45:41 AM
Dropping to 530-550 now?
IMO more of the same, the Facebook wallet thing on reddit might be the reason there selling.. cause they're hoping for bigger lots of btc when the panic dump occurs
May 27, 2014, 02:45:14 AM
Interesting discussion as I really should sell some bitcoin right now as my only source of income is the consulting work I do for which I get paid in bitcoin.
Should I hold-off selling even if I really could do with more fiat?
Should I hold-off selling even if I really could do with more fiat?
There is a difference between making stupid trading decisions and selling because it's your income. You have to eat right.
Yup.
May 27, 2014, 02:41:00 AM
Dropping to 530-550 now?
May 27, 2014, 02:40:58 AM
Its shroomy's fault folks are dumping, he is a contrarian indicator
May 27, 2014, 02:37:45 AM
Interesting discussion as I really should sell some bitcoin right now as my only source of income is the consulting work I do for which I get paid in bitcoin.
Should I hold-off selling even if I really could do with more fiat?
Should I hold-off selling even if I really could do with more fiat?
There is a difference between making stupid trading decisions and selling because it's your income. You have to eat right.
Yeah if you need the money for the necessities, there's no harm in selling. Depending on when you were last paid, You probably already have some built in profits
May 27, 2014, 02:35:53 AM
Interesting discussion as I really should sell some bitcoin right now as my only source of income is the consulting work I do for which I get paid in bitcoin.
Should I hold-off selling even if I really could do with more fiat?
Should I hold-off selling even if I really could do with more fiat?
There is a difference between making stupid trading decisions and selling because it's your income. You have to eat right.
May 27, 2014, 02:35:25 AM
Interesting discussion as I really should sell some bitcoin right now as my only source of income is the consulting work I do for which I get paid in bitcoin.
Should I hold-off selling even if I really could do with more fiat?
Should I hold-off selling even if I really could do with more fiat?
I'm in the same boat getting paid some btc for copywriting. When we were in a downtrend it made sense to save a little and send the rest straight through to Stamp to cash out.
Now, it grates to sell in an uptrend. I guess it's simple: hold on for as long as possible, sell what you need to and save the appreciating difference. That's my plan, anyway.
May 27, 2014, 02:32:02 AM
Interesting discussion as I really should sell some bitcoin right now as my only source of income is the consulting work I do for which I get paid in bitcoin.
Should I hold-off selling even if I really could do with more fiat?
Should I hold-off selling even if I really could do with more fiat?
There is a difference between making stupid trading decisions and selling because it's your income. You have to eat right.
May 27, 2014, 02:27:47 AM
Interesting discussion as I really should sell some bitcoin right now as my only source of income is the consulting work I do for which I get paid in bitcoin.
Should I hold-off selling even if I really could do with more fiat?
Should I hold-off selling even if I really could do with more fiat?
May 27, 2014, 02:25:57 AM
Here's a tip for those people who keep dumping around 600. If you don't dump the price will go up and your coins will be worth more. Crazy rocket science, i know.
oh really?
I'm going in Tera mode for now.
Too much resistance. Bid wall removed. Dump incoming. Back to 550
Too much resistance. Bid wall removed. Dump incoming. Back to 550
Yes too much resistance. Can I ask where are you trading?
I don't. I suck at it.
and yet you love to give advice.
like now?
Am i wrong?
I don't know. you were calling for a dump back to 550 and now you're saying that dumping at 600 is stupid.
I respect that you can change your mind whenever you like, but just don't try to pretend like you know what you're talking about.
(*edit*- sorry shroomsy, that was a bit aggressive. I don't mean to be mean, I'm just mad that I didn't get more fiat in when it was cheap. just like always.)
I think there's been a bit of a misunderstanding here... shroomskit wasn't dumping coins (he doesn't trade apparently) he was calling an incoming dump after the rise. More of a prediction than anything.
I must agree: do people not understand that selling below market price just devalues the rest of their stash?
May 27, 2014, 02:18:27 AM
Here's a tip for those people who keep dumping around 600. If you don't dump the price will go up and your coins will be worth more. Crazy rocket science, i know.
That's a prisoner's dilemma type situation though that could never happen in practice, because one bad actor dumps and takes advantage of the other people holding.
Anyone who dumps here without buying back in short order is as stupid as I was in 9/2013 selling 2,000+ btc, my biggest (and by and large the only) really stupid trade.
That's not bad if you could learn from your mistake and 2000BTC was only a small portion of your profile.
Yes, both.
But at this point anyone should just hold on to their coins, since the risk/reward going forward 3 months is just so unbelievably good. I can't think of any reason to reduce the exposure right now. Even selling at 400 had some merit for some, but selling now does not.
(Trading aside - you can try trading an uptrend, I don't, but if you are good go for it. Ask the ones who sold at 547 a few days ago what was their buyback
)Only a complete fool would sell now. And a lot if Bitcoin traders are just that.
May 27, 2014, 02:10:41 AM
Here's a tip for those people who keep dumping around 600. If you don't dump the price will go up and your coins will be worth more. Crazy rocket science, i know.
That's a prisoner's dilemma type situation though that could never happen in practice, because one bad actor dumps and takes advantage of the other people holding.
Anyone who dumps here without buying back in short order is as stupid as I was in 9/2013 selling 2,000+ btc, my biggest (and by and large the only) really stupid trade.
That's not bad if you could learn from your mistake and 2000BTC was only a small portion of your profile.
Yes, both.
But at this point anyone should just hold on to their coins, since the risk/reward going forward 3 months is just so unbelievably good. I can't think of any reason to reduce the exposure right now. Even selling at 400 had some merit for some, but selling now does not.
(Trading aside - you can try trading an uptrend, I don't, but if you are good go for it. Ask the ones who sold at 547 a few days ago what was their buyback
) May 27, 2014, 02:03:21 AM
what the hell are bits worth anyways? 1 000 satoshi or something? can someone give me a conversion confirmation here? my google-fu is not so great when I'm dring.
Satoshi is cent. Bit is dollar. That is 100 satoshi.which I believe is designed so we are left with 2 decimal places to be more compatible with accounting software etc.. makes sense
.00000101
= 1.01 bits.
when we reach a million dollars per bitcoin, 1 bit will equal 1 dollar
perfect!
May 27, 2014, 02:00:36 AM
Jump to: