Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 28378. (Read 26608955 times)

I think that 450 is a nice price point and I have bought there on the last 2 dips; this one, I am sitting out.

the point I'd really like to address is the part I bolded: I don't think there are many savvy traders that have remained "in for the long term" when we've lost 50% in what? 2-3 months?

I get the feeling that the next bump will be big, and I think many of those that sold at $1000+ were people that bought much lower, and they remember the ride, and would like to do it again.

just don't forget to take profits when the price goes in your favour.

:edit: "taking profit" is a term I used for NFL betting, that's where I learned to trade. and when you're up, you better take some profits off the table, or you will lose it all. (you can consider "profit" as either extra fiat for hookers and blow, or skimming extra bitcoin and saving it for a rainy day

Although it's not all about sentiment. the fundamentals will take bitcoin higher in the next months sentiment or no. I think the theories for a one year consolidation dont cater for the exponential fundamentals. maybe what we need is just more disaster.

Probably gonna need a much worse situation than this... before the dread really begins to kick in... somewhere around 1 year of floating between $400 and $500 or maybe some additional downward movement slowly over the next six months bringing prices to lower $300 would begin to increase some dread levels. 

I'm thinking the circumstances are NOT quite dire enough yet, especially reviewing some of the history in which the price reduced to 1/16th... wow... we are NOT even close to that, yet.  Maybe we are getting closer to the 1/3rd reduction territory... so seems that there is a ways to go before dread really will start to materialize... I would think.

One part of me feels like everything is going to plan, another part of me wants to give up entirely. It feels dead. but thats all part of the plan.

I think that it is a different story if an investor was in a position to cash out part of his stash in December 2013.. or had been analyzing what to do during that period mid-to-late 2013 period.  So for example if anyone got into BTC in any kind of heavy way before mid-October 2013, the quick bubble may have likely caused a considerable incentive to cash out part of the appreciation - yet many may have just remained "in for the long term."

Surely the January, February and March performance seemed to draw considerations that BTC prices would remain at higher than $450s resting price points.  Of course, hindsight is 20/20, but a very large majority of those would have pegged a much higher resting point than our current mid$400s.

And, i suppose, I could be just inviting some bears to chime in to say, I told you so regarding this current mid$400s price range....

As I already stated, I doubt that we are going to be hanging around here for too long.. and probably a bit higher would be more in line with current fundamentals or at least the probability of going up seems greater than going down.. despite current low volume..

Also, even though we know that graphs can be constructed to show that $450-ish is a good stable price point, i think that BTC prices are a considerable bargain at the moment and I am sure that quite a bit.. little by little is being snatched up at these price points by the future elite (to coin a phrase from another bitcointalk thread)

mmm, not quite feeling the pain yet, maybe that is a sign we should go lower.

There is a thread ...

here it is, https://bitcointalksearch.org/topic/point-of-maximum-pain-551627

the point of maximum pain just does not seem to be here yet...

for me, there is no pain, I invested nothing, other than time and attention (ok, yeah, that is something) but this is just an experiment, you all must remember this!

don't get too carried away when we dip, don't risk more than you can afford to lose.

You could do that by selling them now and buying them back at half price. (I'm exaggerating. maybe.)

I think I'm a permabull. Going to double my coins again soon.

Does anyone else get the feeling like the dread is starting to sink into the last of the permabulls? I know that feeling. Maybe it's projection, buy I can almost hear the hope dying.

Yeah, I was a dumb-ass. I may still be a dumb-ass. The market gets the final word. My thinking at the time was that there was a rumor that had been refuted by the PBoC a week earlier, and this one would be too. I thought the story was a Dorian (unconfirmed rumor by one irresponsible reporter), but it turns out it was more likely a goxxing (no news is horrible news).

It seems we are developing our own vocabulary.

I know this one guy....

by this logic alone you shouldn't have even thought of going long, the Chinese news hasn't really changed since Dec 5th, which carried a rumor ban of Jan 31st etc etc

none the less the sheep sit on a fence where they go its banned its not banned, while I sit here and wonder how many Chinese wealthy bought on huge dips

We seem to be just stuck in this $450-ish limbo land  (NOT even $444, anymore)... and maybe this kind of boringness CANNOT be rushed with such seeming low volume... who would have even guessed that we may be floating in the mid-$450s price territory for so long.   

Seems like both Bears and Bulls are getting a little bit anxious about this BTC price point.  Personally, I keep thinking let's go down to $430 or $425 or even $420 and get it over with.. and maybe thereafter, at some point soon we can progress back up to higher resting grounds....

I'm NOT giving up on $750 to $850 being a more reasonable price range for a few months before the next bubble... maybe as late as August or September?

I seem to be so easily convinced about various bubble scenarios..  maybe it is pie in the sky thinking from me?

 Initially, I was thinking $1,500 as the next bubble, but for some reason that amount is beginning to seem too conservative, and somewhere between $2500 and $3500 or the next bubble may be more reasonable b/c it seems that once prices break the previous ATH, then there is going to be a magnitude of increase beyond the previous ATH - merely b/c bitcoin remains very much in its early stages of expansion and adoption.

At the moment, though, there seems to be some pent up pressures to push these BTC prices down to the $430 or $425 or even $420, but the last several days, the price barely will breach $440.... which may mean that we may be floating here in this $440 to $460 range for a whole week, or at least until 4/15 comes and goes?

Got that right.

I agree. I'm a long term bull. I'm only shorting now to hedge my main stash and to increase my holdings.

ok, granted, they might try to completely outlaw bitcoin. I hope they do. Every attack against bitcoin will further prove its resilience.

honey badger don't care.

Don't do this at home, kids.

Bitcoin is helluva drug.

Yeah I just got the last of my trading margin out @ $455, fully aware that could be the worst possible moment to go full fiat.

Gradual exhaustion of a short term reversal. I'm selling my trading margin.  Start buying again at 429.
Or i chase it uphill if I am wrong.  Hopefully by BTFDing.

If they don't really understand Bitcoin, then they don't know that banning bank deposits will drive it underground. You can't have it both ways. We do know that they banned another payment system that uses QR codes. Small exchanges are shutting down specifically citing this regulation. My point is only that there is uncertainty and markets hate uncertainty. The PBoC had weeks now to clarify and chose not to, even though price has fallen significantly.