Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 27976.

knarzo

full member

Activity: 126

Merit: 100

Quote from: SheHadMANHands on April 27, 2014, 08:23:16 PM

Quote from: p0peji on April 27, 2014, 08:10:39 PM

Why not wait for more definitive information that the trend has reversed before buying back in?

If there was such "definitive information", wouldn't the smart money have already moved in at that point? You can wait 2 months till we're back at $600 or whatever, if that's a clear indication to you, but then you've paid a cost for that information (opportunity cost), and already forfeited most of the profit.

I like to buy when people are shitting their pants, or "waiting for definitive information". Best time imo. Smallest "supply" of buyers willing to take that risk. High risk, high reward. Grin

Cheers

High risk? JPM is closing bankaccounts of hard working boys and girls in the porn industry, EFH Texas filing for bankruptcy and the US trying to freeze Vlads private stash? Sounds like a good timing Grin

TeeBone

sr. member

Activity: 502

Merit: 251

Quote from: billyjoeallen on April 27, 2014, 08:13:31 PM

Quote from: TeeBone on April 27, 2014, 07:53:46 PM

Quote from: hyphymikey on April 27, 2014, 07:49:44 PM

Who is willing to call a bottom?

I'd say we going to at least 382.

Me thinks 400 and 380 wont put up much of a fight. The war is at 340, if that gets taken out say hello to 266.

I agree with you IF China plays out as expected.

Yes, china in play goes without saying. I just dont see any big deal about breaking 400, that psychological barrier was smashed last time around, and why im leaning towards 340. True double bottom, perhaps.

SheHadMANHands

legendary

Activity: 1168

Merit: 1000

Never sold, just stocking up at lows.

JayJuanGee

legendary

Activity: 3948

Merit: 11416

Self-Custody is a right. Say no to"Non-custodial"

Quote from: p0peji on April 27, 2014, 08:10:39 PM

Quote from: SheHadMANHands on April 27, 2014, 08:05:31 PM

Quote from: JayJuanGee on April 27, 2014, 08:01:36 PM

Quote from: SheHadMANHands on April 27, 2014, 07:49:37 PM

This downward trend (~6 month) is losing momentum Tongue

These slips get smaller and smaller. Thinking ~$340 was the bottom now (2 weeks ago). Tongue

A LOT of us have been saying that for about two months. I began saying that the downward trend is losing momentum at about $610 (around the beginning of February).

Hopefully, you are correct this time, but I can see the possibility of downward BTC price trending for a few more months... .i'm not sure how far.. maybe mid-$300s..... I prefer some thing like that $300-ish NOT to happen.. but continued downward trending for a few more months certainly does seem possible.

Mid/Long term, this is cheap. Who knows wtf will happen over the next week or two.. but I can hodl for year+, so that's irrelevant (beyond perhaps the emotional fatigue.. which we all can stomach).

Why not wait for more definitive information that the trend has reversed before buying back in?

Who said anything about "buying back in?" The phrase, "buying back in" implies that a person sold. I do NOT advocate selling, unless you are really confident that you are going to be able to buy in at a lower price. And with prices this low, it would be very risky to sell, if you have NOT already sold (mainly b/c of the large level of manipulation and the ability of prices to sky rocket and to reverse at any time), but to each his/her own - if someone is selling and trying to buy back in at a lower price.

I advocate buying more as the price goes down to attempt to buy as much as low as possible. But, to each his own, regarding that strategy, as well.

MinermanNC

legendary

Activity: 2198

Merit: 1000

ok, all you analyst, where is this going to land this time? lol I really thought we were through the worst of the China fears a few weeks ago..... I haven't been in here since, now with this drop I'm back looking for exspert" opinions. It is also beginning to take its toll on the alt coin markets which is usually where I spend most of my time

SheHadMANHands

legendary

Activity: 1168

Merit: 1000

Quote from: p0peji on April 27, 2014, 08:10:39 PM

Why not wait for more definitive information that the trend has reversed before buying back in?

If there was such "definitive information", wouldn't the smart money have already moved in at that point? You can wait 2 months till we're back at $600 or whatever, if that's a clear indication to you, but then you've paid a cost for that information (opportunity cost), and already forfeited most of the profit.

I like to buy when people are shitting their pants, or "waiting for definitive information". Best time imo. Smallest "supply" of buyers willing to take that risk. High risk, high reward. Grin

Cheers

billyjoeallen

legendary

Activity: 1106

Merit: 1007

Hide your women

Quote from: TeeBone on April 27, 2014, 07:53:46 PM

Quote from: hyphymikey on April 27, 2014, 07:49:44 PM

Who is willing to call a bottom?

I'd say we going to at least 382.

Me thinks 400 and 380 wont put up much of a fight. The war is at 340, if that gets taken out say hello to 266.

I agree with you IF China plays out as expected.

p0peji

sr. member

Activity: 266

Merit: 250

Quote from: SheHadMANHands on April 27, 2014, 08:05:31 PM

Quote from: JayJuanGee on April 27, 2014, 08:01:36 PM

Quote from: SheHadMANHands on April 27, 2014, 07:49:37 PM

This downward trend (~6 month) is losing momentum Tongue

These slips get smaller and smaller. Thinking ~$340 was the bottom now (2 weeks ago). Tongue

A LOT of us have been saying that for about two months. I began saying that the downward trend is losing momentum at about $610 (around the beginning of February).

Hopefully, you are correct this time, but I can see the possibility of downward BTC price trending for a few more months... .i'm not sure how far.. maybe mid-$300s..... I prefer some thing like that $300-ish NOT to happen.. but continued downward trending for a few more months certainly does seem possible.

Mid/Long term, this is cheap. Who knows wtf will happen over the next week or two.. but I can hodl for year+, so that's irrelevant (beyond perhaps the emotional fatigue.. which we all can stomach).

Why not wait for more definitive information that the trend has reversed before buying back in?

JayJuanGee

legendary

Activity: 3948

Merit: 11416

Self-Custody is a right. Say no to"Non-custodial"

Quote from: SheHadMANHands on April 27, 2014, 08:05:31 PM

Quote from: JayJuanGee on April 27, 2014, 08:01:36 PM

Quote from: SheHadMANHands on April 27, 2014, 07:49:37 PM

This downward trend (~6 month) is losing momentum Tongue

These slips get smaller and smaller. Thinking ~$340 was the bottom now (2 weeks ago). Tongue

A LOT of us have been saying that for about two months. I began saying that the downward trend is losing momentum at about $610 (around the beginning of February).

Hopefully, you are correct this time, but I can see the possibility of downward BTC price trending for a few more months... .i'm not sure how far.. maybe mid-$300s..... I prefer some thing like that $300-ish NOT to happen.. but continued downward trending for a few more months certainly does seem possible.

Mid/Long term, this is cheap. Who knows wtf will happen over the next week or two.. but I can hodl for year+, so that's irrelevant (beyond perhaps the emotional fatigue.. which we all can stomach).

YEP>>>>> ditto dat.

solex

legendary

Activity: 1078

Merit: 1006

100 satoshis -> ISO code

Quote from: ?? on ??

People's Bank of China ... Cheesy

even the name sounds like FUD, which fucking "People"? commie fucks.

Yes, the "People's" bank means a bank operating for the rulers against the people, a weasel phrase just like "FCC’s Open Internet Rules" or the "Trans-Pacific Partnership" masking the intention to do the opposite action.

SheHadMANHands

legendary

Activity: 1168

Merit: 1000

Quote from: JayJuanGee on April 27, 2014, 08:01:36 PM

Quote from: SheHadMANHands on April 27, 2014, 07:49:37 PM

This downward trend (~6 month) is losing momentum Tongue

These slips get smaller and smaller. Thinking ~$340 was the bottom now (2 weeks ago). Tongue

A LOT of us have been saying that for about two months. I began saying that the downward trend is losing momentum at about $610 (around the beginning of February).

Hopefully, you are correct this time, but I can see the possibility of downward BTC price trending for a few more months... .i'm not sure how far.. maybe mid-$300s..... I prefer some thing like that $300-ish NOT to happen.. but continued downward trending for a few more months certainly does seem possible.

Mid/Long term, this is cheap. Who knows wtf will happen over the next week or two.. but I can hodl for year+, so that's irrelevant (beyond perhaps the emotional fatigue.. which we all can stomach).

JayJuanGee

legendary

Activity: 3948

Merit: 11416

Self-Custody is a right. Say no to"Non-custodial"

Quote from: TeeBone on April 27, 2014, 07:53:46 PM

Quote from: hyphymikey on April 27, 2014, 07:49:44 PM

Who is willing to call a bottom?

I'd say we going to at least 382.

Me thinks 400 and 380 wont put up much of a fight. The war is at 340, if that gets taken out say hello to 266.

Me thinks that you gonna get a fight all the way down to $400 - however, if you get past $400, then the next fight will be around $350 or $360. I'm kind of guessing based on the recent fights from a few weeks ago.

JayJuanGee

legendary

Activity: 3948

Merit: 11416

Self-Custody is a right. Say no to"Non-custodial"

Quote from: SheHadMANHands on April 27, 2014, 07:49:37 PM

This downward trend (~6 month) is losing momentum Tongue

These slips get smaller and smaller. Thinking ~$340 was the bottom now (2 weeks ago). Tongue

A LOT of us have been saying that for about two months. I began saying that the downward trend is losing momentum at about $610 (around the beginning of February).

Hopefully, you are correct this time, but I can see the possibility of downward BTC price trending for a few more months... .i'm not sure how far.. maybe mid-$300s..... I prefer some thing like that $300-ish NOT to happen.. but continued downward trending for a few more months certainly does seem possible.

ChartBuddy

legendary

Activity: 2380

Merit: 1823

1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ

Explanation

SheHadMANHands

legendary

Activity: 1168

Merit: 1000

I doubled (or maybe tripled) down at these lows. Fuck it.. I'm all in.

https://www.youtube.com/watch?v=e2RQwVyRSGU

podyx

legendary

Activity: 2338

Merit: 1035

i know we gonna make the jump

https://www.youtube.com/watch?v=vHvKaHGrHHE

Richy_T

legendary

Activity: 2674

Merit: 2373

1RichyTrEwPYjZSeAYxeiFBNnKC9UjC5k

Quote from: nrd525 on April 27, 2014, 05:42:01 PM

The inflation index both over-estimates and under-estimates. It misses the deflationary impact of technology - sometimes by a factor of a thousand.

That's what they'll tell you as they're opening your wallet and helping themselves to your wealth.

JayJuanGee

legendary

Activity: 3948

Merit: 11416

Self-Custody is a right. Say no to"Non-custodial"

Quote from: p0peji on April 27, 2014, 07:48:59 PM

Quote from: ShroomsKit on April 27, 2014, 07:45:06 PM

So no news?
Just people trying to take Bitcoin down and the usual idiots following then while losing all their money?

The only thing that is being taken down atm is your and other hodlers profits. Bitcoin will exist anyways, high price or low.

FYI - the profits of HODLers is NOT taken down unless one of two things occur:

1) they cash out and lock-in losses,

or

2) BTC prices fail (or refuse) to go back up.

These are possible outcomes, but are NOT necessarily probable.

SheHadMANHands

legendary

Activity: 1168

Merit: 1000

Every day that passes produces more confidence in the core technology, as it runs longer and longer w/o a major, unrecoverable flaw. It thus becomes less and less likely that such a flaw exists, that would undermine the fundamental confidence. That adds value day by day. And day by day we get closer to the unleashing of Wall Street, and unleashing of the 100s of Bitcoin projects people are working hard at right now (Circle, etc.).

Think we are nearing the momentum shift, once we have a bounce above the previous low (~$340).

Don't hate the playa mother fcka. Cool

TeeBone

sr. member

Activity: 502

Merit: 251

Quote from: hyphymikey on April 27, 2014, 07:49:44 PM

Who is willing to call a bottom?

I'd say we going to at least 382.

Me thinks 400 and 380 wont put up much of a fight. The war is at 340, if that gets taken out say hello to 266.

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