Reverse H&S yesterday - target above 460, then if we breaks 455 - there will be another H&S (less nicely looking) with even higher target 475.
The Chinese scare does not work any more.
I think we'll rebound significantly.
Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 27935. (Read 26634299 times)
April 29, 2014, 07:36:55 AM
April 29, 2014, 07:19:58 AM
What price will bitcoin be at the end of 2014
27200 satoshi for 1 USD
April 29, 2014, 07:19:05 AM
Yep we're still following the fractal:
You've said you're a current bear but long-term bull (I think). So where do you see the bottom?
Worth being prepared for lower 300s/200s, at any rate, I'd think.
April 29, 2014, 07:17:44 AM
April 29, 2014, 07:15:43 AM
Huston it is going up !!!! 
YAY !!!! +$10 from a 2 hours!
Not bad
YAY !!!! +$10 from a 2 hours!
Not bad
April 29, 2014, 07:01:26 AM
April 29, 2014, 06:47:31 AM
April 29, 2014, 06:43:11 AM
Oh man I am feeling so disillusioned with BTC at the moment just seems to be going one way and never comes back to the last consolidation/support level. Waiting for my break even price (if it ever comes) then I am outta here!!!
You are using a self defeating strategy that is impossible to win with.1. If the downtrend continues, it will never reach your break even point while the downtrend is in force and you will hold on to a losing position indefinitely.
2. If your break even point is reached, that will mean that the downtrend has broken and it will be an uptrend, meaning it will be a terrible time to sell.
The only good moves are:
a. Commit to your position as a long term holding.
b. Sell now or at some point along the downtrend ceiling, taking a small loss. Then buy back later if/when the trend is confirmed to be reversed.
Thanks for the pick me up, I know what you are saying makes sense however my break even point ($575) seems so far away and just getting further everyday, in retrospect was a really stupid place to buy at but what is done is done.
I believe that I agree quite a bit with what Tera says in her response to you; however, it really sounds as if you over invested in BTC at the time that you invested or you do NOT have the stomach for investing in any potentially volatile assets. Your state of mind, that comes through your writing, seems to indicate a potential for panic.... .. and what are you going to do if the price never goes back to $575?
Yet, if you pull out at $575 or $585 (in order to break even b/c of various administrative costs), then you will likely NOT have learned or become stronger from the situation - although maybe your lesson would have been that you learned about yourself and that you are NOT suited for certain kinds of investments?
I think if the market was not manipulated so much it would be easier to hold and stomach and rely on fundamentals for a recovery, however it seems that there are people that are hell bent on keeping the price down no matter what the cost.
In some senses I agree with you, and I have found myself quite frustrated with bitcoin prices and manipulation too. However, I believe that they can only hold the price down and manipulate downward for so long. After a while, the upward momentum will get too strong and the manipulators will NOT be able to hold back some of the upward pressures.
All markets are manipulated to some extent, and the smaller the market, the easier it will be to manipulate the market. In the case of BTC, it seems that the exchanges control the price, and there seems to be quite a bit of behind the scenes shenanigans.
Surely, that manipulation needs to be accounted for in person's assessment of the situation regarding how much when and if to invest.
If you do NOT invest in BTC, then in what are you going to invest?
Well, each of us has to decide our own tolerances and in what we chose to invest our time, money and energies.
April 29, 2014, 06:37:17 AM
Yep we're still following the fractal:
You've said you're a current bear but long-term bull (I think). So where do you see the bottom?
I thought they already had?
April 29, 2014, 06:34:08 AM
Yep we're still following the fractal:
You've said you're a current bear but long-term bull (I think). So where do you see the bottom?
I thought they already had?
April 29, 2014, 06:26:51 AM
Yep we're still following the fractal:
You've said you're a current bear but long-term bull (I think). So where do you see the bottom?
April 29, 2014, 06:13:13 AM
Yep we're still following the fractal:
You've said you're a current bear but long-term bull (I think). So where do you see the bottom?
April 29, 2014, 06:10:52 AM
Oh man I am feeling so disillusioned with BTC at the moment just seems to be going one way and never comes back to the last consolidation/support level. Waiting for my break even price (if it ever comes) then I am outta here!!!
You are using a self defeating strategy that is impossible to win with.1. If the downtrend continues, it will never reach your break even point while the downtrend is in force and you will hold on to a losing position indefinitely.
2. If your break even point is reached, that will mean that the downtrend has broken and it will be an uptrend, meaning it will be a terrible time to sell.
The only good moves are:
a. Commit to your position as a long term holding.
b. Sell now or at some point along the downtrend ceiling, taking a small loss. Then buy back later if/when the trend is confirmed to be reversed.
Thanks for the pick me up, I know what you are saying makes sense however my break even point ($575) seems so far away and just getting further everyday, in retrospect was a really stupid place to buy at but what is done is done.
I believe that I agree quite a bit with what Tera says in her response to you; however, it really sounds as if you over invested in BTC at the time that you invested or you do NOT have the stomach for investing in any potentially volatile assets. Your state of mind, that comes through your writing, seems to indicate a potential for panic.... .. and what are you going to do if the price never goes back to $575?
Yet, if you pull out at $575 or $585 (in order to break even b/c of various administrative costs), then you will likely NOT have learned or become stronger from the situation - although maybe your lesson would have been that you learned about yourself and that you are NOT suited for certain kinds of investments?
I think if the market was not manipulated so much it would be easier to hold and stomach and rely on fundamentals for a recovery, however it seems that there are people that are hell bent on keeping the price down no matter what the cost.
April 29, 2014, 06:10:14 AM
Yep we're still following the fractal:
April 29, 2014, 06:03:24 AM
I am closer to 50% than 100%, and all the time thinking of ways how to increase my stash (I don't need more money but cannot help it because I perceive this as the last life-changing buying opportunity for an ordinary guy). Perhaps somebody would like to buy PUT options for any maturity up to 90 days, any strike between 100-500 and any quantity up to BTC500? PM only.
Why you don't margin trade then?
I don't know where the price goes. By selling puts I win nevertheless: either I collect the premium, or I get to buy cheap + collect the premium.
The buyer's risk would be limited to the premium paid, and upside is quite good if the price dips, also no need to know when it does.
It's a different strategy for both than margin trading.
April 29, 2014, 06:01:41 AM
April 29, 2014, 06:00:52 AM
Oh man I am feeling so disillusioned with BTC at the moment just seems to be going one way and never comes back to the last consolidation/support level. Waiting for my break even price (if it ever comes) then I am outta here!!!
You are using a self defeating strategy that is impossible to win with.1. If the downtrend continues, it will never reach your break even point while the downtrend is in force and you will hold on to a losing position indefinitely.
2. If your break even point is reached, that will mean that the downtrend has broken and it will be an uptrend, meaning it will be a terrible time to sell.
The only good moves are:
a. Commit to your position as a long term holding.
b. Sell now or at some point along the downtrend ceiling, taking a small loss. Then buy back later if/when the trend is confirmed to be reversed.
Thanks for the pick me up, I know what you are saying makes sense however my break even point ($575) seems so far away and just getting further everyday, in retrospect was a really stupid place to buy at but what is done is done.
I believe that I agree quite a bit with what Tera says in her response to you; however, it really sounds as if you over invested in BTC at the time that you invested or you do NOT have the stomach for investing in any potentially volatile assets. Your state of mind, that comes through your writing, seems to indicate a potential for panic.... .. and what are you going to do if the price never goes back to $575?
Yet, if you pull out at $575 or $585 (in order to break even b/c of various administrative costs), then you will likely NOT have learned or become stronger from the situation - although maybe your lesson would have been that you learned about yourself and that you are NOT suited for certain kinds of investments?
April 29, 2014, 05:56:19 AM
I am closer to 50% than 100%, and all the time thinking of ways how to increase my stash (I don't need more money but cannot help it because I perceive this as the last life-changing buying opportunity for an ordinary guy). Perhaps somebody would like to buy PUT options for any maturity up to 90 days, any strike between 100-500 and any quantity up to BTC500? PM only.
Why you don't margin trade then?
April 29, 2014, 05:46:58 AM
My break-even price is $0, so I'm gonna be around here for a while 
My break even price is -($2500)Congrats. Mine is only -(low 3 figures).
Actually, this is an interesting concept that really I never did consider too much in depth, and I can see why it would be useful.
So for example, if a person owned 100BTC, and his/her average price per BTC were $500, then that means that s/he would, on paper, be in the red right now and would have invested $50K into BTC, but if he she cashed out would only be able to get around $44K. 12% in the red.
Scenario 2) If that same person had a zero cost per BTC, and s/he cashed out right now, then s/he would be about $44k ahead in fiat (though may be an oxymoron to say you are ahead, if in fiat)
Scenario 3) If that same person had a negative $1,000 cost per BTC, then s/he would have already been cashed out of $100k, and s/he cashed out of the remainder of his/her coins, then s/he would be about $144k "ahead" in fiat.
That is how I read being below zero in your cost per BTC - which means for every BTC you hold, you are profitable by the value of the BTC plus the price of the BTC multiplied by the average price per BTC ahead.
April 29, 2014, 05:38:16 AM
My break-even price is $0, so I'm gonna be around here for a while
My break even price is -($2500)Congrats. Mine is only -(low 3 figures).
I am closer to 50% than 100%, and all the time thinking of ways how to increase my stash (I don't need more money but cannot help it because I perceive this as the last life-changing buying opportunity for an ordinary guy). Perhaps somebody would like to buy PUT options for any maturity up to 90 days, any strike between 100-500 and any quantity up to BTC500? PM only.
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