Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 31012. (Read 26712386 times)
December 16, 2013, 05:15:29 PM
Perspective sure can be beautiful.
December 16, 2013, 05:15:28 PM
It's 11pm my time. I think I'm going to head to bed. I'm 20% or so fiat with my buy orders placed. Hopefully they get filled and I'll end up ahead of the game. I've got to say, that was a lot of work today for not much profit. If this were real life, and we were all in the boiler room at the back, all of us would be like fucking best friends by now. Drinking beer, talking bullshit. As psychoweird as you lot probably are, we'd bond for life over shit like this.
Has been nice to trade with you today, we are both in stamp so even better
December 16, 2013, 05:15:19 PM
I recall a trading week similar to this back in January-February 2013. We stayed between $9 and $12 in December 2012 then in January we broke the $13 ATH shortly before the rise we have seen in April 2013
http://bitcoincharts.com/charts/mtgoxUSD#rg360zigHourlyzczsg2013-01-21zeg2013-02-01ztgSzm1g10zm2g25zv
http://bitcoincharts.com/charts/mtgoxUSD#rg360zigHourlyzczsg2013-01-21zeg2013-02-01ztgSzm1g10zm2g25zv
Quite sure that graph is 2013 not 2012. I have vivid memories of those times.
Correct Typo On December 2011 should been 2012 and April 2012 should have been 2013.
Its January 2013-February 2013 December 2012 was the $12 Range
December 16, 2013, 05:12:58 PM
Nicely going up. What a shame that probably will not remain. Waiting till end of week at value. What's yours speculations about it, guys?
One can see beauties such as this every now and then in this thread!!!
December 16, 2013, 05:12:00 PM
sleep well rabbit
December 16, 2013, 05:10:01 PM
6am in Beijing.
Most Chinese traders haven't had a good night of sleep.
fyp
December 16, 2013, 05:08:08 PM
It's 11pm my time. I think I'm going to head to bed. I'm 20% or so fiat with my buy orders placed. Hopefully they get filled and I'll end up ahead of the game. I've got to say, that was a lot of work today for not much profit. If this were real life, and we were all in the boiler room at the back, all of us would be like fucking best friends by now. Drinking beer, talking bullshit. As psychoweird as you lot probably are, we'd bond for life over shit like this.
December 16, 2013, 05:04:33 PM
6am in Beijing.
Some Chinese traders haven't had a good night of sleep.
December 16, 2013, 05:03:42 PM
Why do you guys so vehemently commit to buy and hold, only to blow it when it's at the very bottom and sell?
If you committed to buy and hold on the way up, what it SHOULD mean is that you have already psychologically braced yourself for any sort of drop like this. You've probably decided you're not good at day-trading, so you hold. The problem is it's very easy to commit to buy and hold when it's going to da moon, but will you maintain that sort of mentality when it is dropping like a stone? If you cannot do so, you should probably have cashed out enough while it was going up so that a drop wouldn't crush you. You know it will go down eventually, whether it be in a bear trap or a crash, so if you really want to stay in bitcoins, just save the proceeds from your bitcoins until it goes down, then buy some more.
If you committed to buy and hold on the way up, what it SHOULD mean is that you have already psychologically braced yourself for any sort of drop like this. You've probably decided you're not good at day-trading, so you hold. The problem is it's very easy to commit to buy and hold when it's going to da moon, but will you maintain that sort of mentality when it is dropping like a stone? If you cannot do so, you should probably have cashed out enough while it was going up so that a drop wouldn't crush you. You know it will go down eventually, whether it be in a bear trap or a crash, so if you really want to stay in bitcoins, just save the proceeds from your bitcoins until it goes down, then buy some more.
I hold 90% in cold storage, leaving 10% to play with
I only play with 20% - but it still hurts if I get it wrong! Amount of fiat in that 20% varies - right now that is probably a good idea, but I will not have 'made money' on this dip unless it's not over. I am waiting to see what happens.
December 16, 2013, 05:03:02 PM
I recall a trading week similar to this back in January-February 2012. We stayed between $9 and $12 in December 2011 then in January we broke the $13 ATH shortly before the rise we have seen in April 2012
http://bitcoincharts.com/charts/mtgoxUSD#rg360zigHourlyzczsg2013-01-21zeg2013-02-01ztgSzm1g10zm2g25zv
http://bitcoincharts.com/charts/mtgoxUSD#rg360zigHourlyzczsg2013-01-21zeg2013-02-01ztgSzm1g10zm2g25zv
Quite sure that graph is 2013 not 2012. I have vivid memories of those times.
December 16, 2013, 05:02:27 PM
6am in Beijing.
millions of blackscreen copies of windows XP booting up on pentium 4s
December 16, 2013, 05:01:47 PM
December 16, 2013, 04:59:47 PM
6am in Beijing.
December 16, 2013, 04:56:52 PM
Why do you guys so vehemently commit to buy and hold, only to blow it when it's at the very bottom and sell?
If you committed to buy and hold on the way up, what it SHOULD mean is that you have already psychologically braced yourself for any sort of drop like this. You've probably decided you're not good at day-trading, so you hold. The problem is it's very easy to commit to buy and hold when it's going to da moon, but will you maintain that sort of mentality when it is dropping like a stone? If you cannot do so, you should probably have cashed out enough while it was going up so that a drop wouldn't crush you. You know it will go down eventually, whether it be in a bear trap or a crash, so if you really want to stay in bitcoins, just save the proceeds from your bitcoins until it goes down, then buy some more.
If you committed to buy and hold on the way up, what it SHOULD mean is that you have already psychologically braced yourself for any sort of drop like this. You've probably decided you're not good at day-trading, so you hold. The problem is it's very easy to commit to buy and hold when it's going to da moon, but will you maintain that sort of mentality when it is dropping like a stone? If you cannot do so, you should probably have cashed out enough while it was going up so that a drop wouldn't crush you. You know it will go down eventually, whether it be in a bear trap or a crash, so if you really want to stay in bitcoins, just save the proceeds from your bitcoins until it goes down, then buy some more.
For some of us, it's an insane amount of money. You can't help but calculating buying a nice house in Tuscany with a boat to sail or just holding.
EDIT: With Buy and Hold it's a house in Tuscany. With playing the lotto with the Chinese, it's maybe a House in Tuscany PLUS the same amount of bitcoin you just spent on the house in Tuscany.
EDIT: The majority of my stash is still cold, cold, cold.
December 16, 2013, 04:55:13 PM
I recall a trading week similar to this back in January-February 2012. We stayed between $9 and $12 in December 2011 then in January we broke the $13 ATH shortly before the rise we have seen in April 2012
http://bitcoincharts.com/charts/mtgoxUSD#rg360zigHourlyzczsg2013-01-21zeg2013-02-01ztgSzm1g10zm2g25zv
http://bitcoincharts.com/charts/mtgoxUSD#rg360zigHourlyzczsg2013-01-21zeg2013-02-01ztgSzm1g10zm2g25zv
i was panic selling in those days....
December 16, 2013, 04:55:04 PM
Why do you guys so vehemently commit to buy and hold, only to blow it when it's at the very bottom and sell?
If you committed to buy and hold on the way up, what it SHOULD mean is that you have already psychologically braced yourself for any sort of drop like this. You've probably decided you're not good at day-trading, so you hold. The problem is it's very easy to commit to buy and hold when it's going to da moon, but will you maintain that sort of mentality when it is dropping like a stone? If you cannot do so, you should probably have cashed out enough while it was going up so that a drop wouldn't crush you. You know it will go down eventually, whether it be in a bear trap or a crash, so if you really want to stay in bitcoins, just save the proceeds from your bitcoins until it goes down, then buy some more.
If you committed to buy and hold on the way up, what it SHOULD mean is that you have already psychologically braced yourself for any sort of drop like this. You've probably decided you're not good at day-trading, so you hold. The problem is it's very easy to commit to buy and hold when it's going to da moon, but will you maintain that sort of mentality when it is dropping like a stone? If you cannot do so, you should probably have cashed out enough while it was going up so that a drop wouldn't crush you. You know it will go down eventually, whether it be in a bear trap or a crash, so if you really want to stay in bitcoins, just save the proceeds from your bitcoins until it goes down, then buy some more.
+1 So many people feel that selling is betraying bitcoin or something. I personally sold a shit ton at $1080 and now buying back gradually. When I sold, I didn't think I was going to get out of bitcoin by any means. I'll never will, but you need to take your opportunities to grow your portfolio wisely.
December 16, 2013, 04:53:35 PM
I recall a trading week similar to this back in January-February 2013. We stayed between $9 and $12 in December 2012 then in January we broke the $13 ATH shortly before the rise we have seen in April 2013
http://bitcoincharts.com/charts/mtgoxUSD#rg360zigHourlyzczsg2013-01-21zeg2013-02-01ztgSzm1g10zm2g25zv
Edit to correct the small details
http://bitcoincharts.com/charts/mtgoxUSD#rg360zigHourlyzczsg2013-01-21zeg2013-02-01ztgSzm1g10zm2g25zv
Edit to correct the small details
December 16, 2013, 04:52:13 PM
Why do you guys so vehemently commit to buy and hold, only to blow it when it's at the very bottom and sell?
If you committed to buy and hold on the way up, what it SHOULD mean is that you have already psychologically braced yourself for any sort of drop like this. You've probably decided you're not good at day-trading, so you hold. The problem is it's very easy to commit to buy and hold when it's going to da moon, but will you maintain that sort of mentality when it is dropping like a stone? If you cannot do so, you should probably have cashed out enough while it was going up so that a drop wouldn't crush you. You know it will go down eventually, whether it be in a bear trap or a crash, so if you really want to stay in bitcoins, just save the proceeds from your bitcoins until it goes down, then buy some more.
If you committed to buy and hold on the way up, what it SHOULD mean is that you have already psychologically braced yourself for any sort of drop like this. You've probably decided you're not good at day-trading, so you hold. The problem is it's very easy to commit to buy and hold when it's going to da moon, but will you maintain that sort of mentality when it is dropping like a stone? If you cannot do so, you should probably have cashed out enough while it was going up so that a drop wouldn't crush you. You know it will go down eventually, whether it be in a bear trap or a crash, so if you really want to stay in bitcoins, just save the proceeds from your bitcoins until it goes down, then buy some more.
December 16, 2013, 04:50:50 PM
http://www.zerohedge.com/news/2013-12-16/bitcoin-banged-bear-market-again-precious-metals-rise
I love how some zerohedge articles pull these correlations out of their ass.
I love how some zerohedge articles pull these correlations out of their ass.
Interesting, it shows the exact opposite of the long term charts, maybe trying to set a precedent for an inverse relationship between PM's and BTC? Gold parity was the breaking point, it'll be interesting to see how much more news tries to push an inverse relationship.
Ok, PMs and bitcoin correlations are definitely interesting, but zerohedge (or one of the Tylers at least) can draw the most idiotic consequences sometimes in random noise. I don't remember the article, but in April boom they tried to correlate daily bitcoin movement with some minor macro trend, while there was much more relevant purely bitcoin related news going on, completely lost my respect for them back then.
*check PMs*
still not low enough...
why do PMs move so slowly?
December 16, 2013, 04:50:05 PM
Nicely going up. What a shame that probably will not remain. Waiting till end of week at value. What's yours speculations about it, guys?
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