Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 28651.

JayJuanGee

legendary

Activity: 3962

Merit: 11519

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

Quote from: Aki4real on March 30, 2014, 02:39:17 PM

Quote from: JayJuanGee on March 30, 2014, 02:31:48 PM

Quote from: EuroTrash on March 30, 2014, 01:51:32 PM

Yeah I bought into the wall at 460.
And the market is probably just about to teach me another expensive lesson about bull traps.

I'm in a similar boat.. I bought at $452... However, I have been buying as we go down.. and continuing to think that we are done going down...

My buying down affliction began about 3 weeks ago at $610, so it has been fairly costly... even though it is my strategy to buy while going down and sell while going up (I haven't really gotten to the sell part of my formula, yet).

I've bought some at 500 some time ago.. bought another few at 470..
will stop buying now until we hit 400. Of course i'd like to see an (hard) uptrend soon

So it sounds as if your average buy-in price is below $500... Accordingly, you are in pretty decent shape... even though the circumstances may seem a little dire at the moment.

My average buy-in price is currently at $662 (including transaction fees), yet I am NOT going to lock in any losses by selling b/c I am fairly confident that we will return to above my average buy-in price.. maybe by no later than end of April or maybe in May?

In any event, even though I am nervous, I am not too worried, yet.

Erdogan

legendary

Activity: 1512

Merit: 1005

Quote from: Hypnoise on March 30, 2014, 10:16:49 AM

Quote from: JorgeStolfi on March 30, 2014, 10:06:00 AM

I wonder why there was no volume and no price chang on Saturday, and so much of it today. Perhaps:

* All active traders get the rumor on Thursday or Friday. By Friday night all the pessimists among them have sold.

* Nothing changes on Staurday, so no trading.

* The Sunday morning newspapers carry the rumor. The occasional and week-end traders finally get it, and the pessimists among them start to sell.

all active traders are bots, and bots do not read newspapers. Bots placing sale/buy orders when they got sale/buy signals.

And the bot owners can't do anything, because they are slaves of their master bots.

JayJuanGee

legendary

Activity: 3962

Merit: 11519

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

Quote from: billyjoeallen on March 30, 2014, 02:21:47 PM

Seems like there wasn't enough coins changing hands for that to be the final bottom. Bears retreated before they even got close to $400. Looking at that order book, it's easy to see why. Looks like we're gonna need some kind of official confirmation or denial of the China rumor before either side can gain more momentum.

official confirmation or denial not coming until maybe 4/7, at the earliest

hailtopitt

newbie

Activity: 29

Merit: 0

I'll preface this question with saying I'm new around here so please forgive my ignorance. Why does the price not rise and rise fast when there are a lot more people bidding then asking? Isn't that the same as buying and selling? We have a lot of people trying to buy and few people trying to sell yet we seem to be going nowhere but down slowly?

Erdogan

legendary

Activity: 1512

Merit: 1005

Quote from: GameStarter on March 30, 2014, 09:52:25 AM

Quote from: JorgeStolfi on March 30, 2014, 09:50:16 AM

Quote from: GameStarter on March 30, 2014, 09:40:12 AM

http://www.wantchinatimes.com/news-subclass-cnt.aspx?cid=1201&MainCatID=12&id=2014032900017
it is REAL

That article does not seem to have any new information, just a re-re-re-hash of the same news, ultimately from the Caixin article.

The OKCoin CEO's statement, IIRC, was made just after the rumor surfaced. The comment by the Huobi person seems to have been garbled ("transaction records would go underground"?), the reporter may not know how an exchange works.

I think that the situation is still undefined...

Yes it just go more and more mainstream, central Bank of China will have to say something monday.

Or -- they are happy with the state of confusion in the bitcoin market.

podyx

legendary

Activity: 2338

Merit: 1035

It is good that there still is bearish sentiment

I'm wiring money as we speak Grin

Zule

member

Activity: 84

Merit: 10

Quote from: MoreFun on March 30, 2014, 02:38:59 PM

Stamp bids look quite good for such a low price - 11M+.

Once they get touched they turn into shit

tvbcof

legendary

Activity: 4760

Merit: 1283

Quote from: JayJuanGee on March 30, 2014, 02:31:48 PM

Quote from: EuroTrash on March 30, 2014, 01:51:32 PM

Yeah I bought into the wall at 460.
And the market is probably just about to teach me another expensive lesson about bull traps.

I'm in a similar boat.. I bought at $452... However, I have been buying as we go down.. and continuing to think that we are done going down...

My buying down affliction began about 3 weeks ago at $610, so it has been fairly costly... even though it is my strategy to buy while going down and sell while going up (I haven't really gotten to the sell part of my formula, yet).

This worked for me. I started at $16 and ended at $2, but with vastly more BTC than I anticipated ever hodling. I sat in the red for perhaps a year IIRC. That was fine because from the get-go I anticipated the strong possibility of a total loss. So, no inclination to do anything but hodl and see if I eventually received a pay-out.

I'm only really comfortable buying anything when the price is falling, and conversely, selling anything when the price is going up. Doing so will pretty much guarantee that one buys at the bottom and sells at the top. Unless one runs out of ammo or the system collapses or the valuations cease their undulations.

Back when I was a buyer, or near the end of that time at least, I felt that by buying I was making an important contribution to mop up excess BTC liquidity. This incentive no longer applies since Bitcoin is vastly more widely recognized at this point in time.

JayJuanGee

legendary

Activity: 3962

Merit: 11519

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

Quote from: roslinpl on March 30, 2014, 02:08:18 PM

Well I see price is going up

slowly but still it is better than opposite way Tongue

dont speak too soon.. b/c overall, it still seems that we are on a downtrend....

I am NOT sure what time on Sunday the bull run usually begins, but it does NOT seem to be happening yet... .. and I am a bit sceptical about whether we are going to reach the poll numbers.... without a fairy whale grandmother or two

JayJuanGee

legendary

Activity: 3962

Merit: 11519

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

Quote from: spooderman on March 30, 2014, 02:06:40 PM

the goating is potentially quite bearish, but we have a steady flow of "newbie members" freshly paid by the NSA to come and troll here. Contracts usually start on Monday, so I am very bullish for page count once we reach midnight GMT.

The goating is just FUD.

edit: 6k in 2 weeks!

That is really bullish.. WE be lucky to reach $800 in 2 weeks.. then maybe 1K by July.. then maybe 1.5k by the end of the year... surely I am pulling these numbers out of my rear.. but.. I am trying to stay within the ballpark of probabilities.. .Maybe 2015, we will hit 10k?

Aki4real

sr. member

Activity: 336

Merit: 250

Quote from: JayJuanGee on March 30, 2014, 02:31:48 PM

Quote from: EuroTrash on March 30, 2014, 01:51:32 PM

Yeah I bought into the wall at 460.
And the market is probably just about to teach me another expensive lesson about bull traps.

I'm in a similar boat.. I bought at $452... However, I have been buying as we go down.. and continuing to think that we are done going down...

My buying down affliction began about 3 weeks ago at $610, so it has been fairly costly... even though it is my strategy to buy while going down and sell while going up (I haven't really gotten to the sell part of my formula, yet).

I've bought some at 500 some time ago.. bought another few at 470..
will stop buying now until we hit 400. Ofcourse i'd like to see an (hard) uptrend soon

MoreFun

legendary

Activity: 1008

Merit: 1003

WePower.red

Stamp bids look quite good for such a low price - 11M+.

JayJuanGee

legendary

Activity: 3962

Merit: 11519

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

Quote from: mah87 on March 30, 2014, 02:04:24 PM

Quote from: adamstgBit on March 30, 2014, 02:02:33 PM

its goat selling his coins isn't

why is it falling adam ? any idea ?

YOU ARE BACK... oh.. shit!!!!

mah87

donator

Activity: 756

Merit: 500

-Bitcoin & Ripple-

Anyone here thinking the IRS saying bitcoin is a property won't handicap bitcoin ?

hailtopitt

newbie

Activity: 29

Merit: 0

Quote from: YogoH on March 30, 2014, 02:24:05 PM

Lots of ass talk

When people mention double or triple bottoms it'd be nice if we had some pics of nice perfect round bottoms to help us see Shocked

. Should be a requirement.

JayJuanGee

legendary

Activity: 3962

Merit: 11519

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

Quote from: adamstgBit on March 30, 2014, 01:58:25 PM

Quote from: BBmodBB on March 30, 2014, 01:54:24 PM

Quote from: adamstgBit on March 30, 2014, 01:29:17 PM

Quote from: GameStarter on March 30, 2014, 01:24:38 PM

Dump or Pump now?

both at the same time forever.

do you still need time before i pull the rug out and full capitulation to $250? lol i've been pondering the ramifications...you have your seatbelts on bud?\\\\*rollercoaster time!!weee =)

sell all your coins did ya?

see you at 540.

At least we are getting a little excitement in the last several days.. (even though in the wrong direction) as compared with the prior period of less action. I am just OPTIMISTIC, like that.

JayJuanGee

legendary

Activity: 3962

Merit: 11519

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

Quote from: EuroTrash on March 30, 2014, 01:51:32 PM

Yeah I bought into the wall at 460.
And the market is probably just about to teach me another expensive lesson about bull traps.

I'm in a similar boat.. I bought at $452... However, I have been buying as we go down.. and continuing to think that we are done going down...

My buying down affliction began about 3 weeks ago at $610, so it has been fairly costly... even though it is my strategy to buy while going down and sell while going up (I haven't really gotten to the sell part of my formula, yet).

roslinpl

legendary

Activity: 2212

Merit: 1199

yay! I see price is still going slowly up and up again

Bitcoin is so strong!!

Yeah!

podyx

legendary

Activity: 2338

Merit: 1035

slow uptrend is what will be happening

800-1k in 1-2 months

BBmodBB

full member

Activity: 154

Merit: 100

BTC = FREEDOM IS OUR ONLY HOPE!

Quote from: mah87 on March 30, 2014, 02:09:08 PM

So anyone has a real explanation ?

gotta show you how it's done ! Volatility is our friend when you are playing stocks,, you all have one day to get your bags packed the coming week is going to go all weird i suspect test $250 with wild swings kicking in ! =) weeeee

Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 28651. (Read 26714044 times)