Sorry for my ignorance but what does this chart actually mean?
Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 31052. (Read 26713358 times)
December 16, 2013, 10:06:59 AM
Sorry for my ignorance but what does this chart actually mean?
December 16, 2013, 10:06:32 AM
I went full BTC again when I had a chance to buy back at a few percent profit. I'm not good at being bearish.
To da moon? Anyone? Damn it.
To da moon? Anyone? Damn it.
Hey, people on wall street would kill for a few percent profit. You're not getting even a "full" procent at your local bank with your savings account. Be happy! You made a successful trade!
December 16, 2013, 10:06:25 AM
If there's anything in China rumour, it would be on 3500 yuans til now.
December 16, 2013, 10:05:32 AM
I went full BTC again when I had a chance to buy back at a few percent profit. I'm not good at being bearish.
To da moon? Anyone? Damn it.
To da moon? Anyone? Damn it.
December 16, 2013, 10:05:23 AM
IF CHINESE PEOPLE ARE WORRIED THAT BANKS WILL STOP PROCESSING PAYMENTS TO EXCHANGES WHY ARE THEY SELLING THEIR COINS ON THOSE EXCHANGES FOR FIAT. WOULDN'T IT MAKE MORE SENSE FOR PEOPLE WITH FIAT TO BUY LIKE CRAZY SO THEY CAN EASILY GET THEIR COINS OUT OF THE EXCHANGE ?
I think you're missing the point of bitcoin.
Sell on Rumor, buy on News. :-)
EDIT: Maybe it should be, "Make any decision on rumour, make a reasoned decision on news."
December 16, 2013, 10:02:17 AM
IF CHINESE PEOPLE ARE WORRIED THAT BANKS WILL STOP PROCESSING PAYMENTS TO EXCHANGES WHY ARE THEY SELLING THEIR COINS ON THOSE EXCHANGES FOR FIAT. WOULDN'T IT MAKE MORE SENSE FOR PEOPLE WITH FIAT TO BUY LIKE CRAZY SO THEY CAN EASILY GET THEIR COINS OUT OF THE EXCHANGE ?
December 16, 2013, 10:02:00 AM
December 16, 2013, 09:57:20 AM
bought back 30 BTC at 755, riding the wave, i have done this many times before so don't be nervous about my coins 
EDIT. and another 30 BTC at 752
EDIT. and another 30 BTC at 752
you will regret it
edit: I mean I think the price will drop even more
we will see ...Well the nice thing though is that he still has more bitcoin. So while we would have had MORE if he had waited to buy back, it's a bit like catching a knife and could easily go the wrong way. In this scenario he still has more BTC then buy and hold, but less then if he had been able to perfectly time the market. He could ride small waves all the way down accumulating small chunks of bitcoin along the way, all while earning more BTC then buy and hold- yet less then the more risky method of calculating the total drop. Even so he could actually end up with even more BTC if he times each wave down properly.
thats how its done, thanks for clarifying, and the first spiky fall was the "start" command
December 16, 2013, 09:55:36 AM
bought back 30 BTC at 755, riding the wave, i have done this many times before so don't be nervous about my coins
EDIT. and another 30 BTC at 752
EDIT. and another 30 BTC at 752
you will regret it
edit: I mean I think the price will drop even more
we will see ...Well the nice thing though is that he still has more bitcoin. So while he would have had MORE if he had waited to buy back, it's a bit like catching a knife and could easily go the wrong way. In this scenario he still has more BTC then buy and hold, but less then if he had been able to perfectly time the market. He could ride small waves all the way down accumulating small chunks of bitcoin along the way, all while earning more BTC then buy and hold- yet less then the more risky method of calculating the total drop. Even so he could actually end up with even more BTC if he times each wave down properly.
December 16, 2013, 09:51:16 AM
bought back 30 BTC at 755, riding the wave, i have done this many times before so don't be nervous about my coins
EDIT. and another 30 BTC at 752
EDIT. and another 30 BTC at 752
you will regret it
I have 30 BTC still sold but avg "sold price" just rised to 840
and i can always sell more when this wave goes up in a second 
December 16, 2013, 09:50:04 AM
bought back 30 BTC at 755, riding the wave, i have done this many times before so don't be nervous about my coins
EDIT. and another 30 BTC at 752
EDIT. and another 30 BTC at 752
you will regret it
edit: I mean I think the price will drop even more
we will see ... December 16, 2013, 09:48:01 AM
bought back 30 BTC at 755, riding the wave, i have done this many times before so don't be nervous about my coins
EDIT. and another 30 BTC at 752
EDIT. and another 30 BTC at 752
December 16, 2013, 09:47:44 AM
Bitcoin is power of nature 
December 16, 2013, 09:47:07 AM
btw i sold 30 BTC more, now i have sold 90 BTC at avg with fees at $783.5
Well to be fair with you I think you are doing the right thing. Sry for being a bit harsh
np, we will see, im happy buying back at loss as always
well if you wait enough you wont be making any loss, it will be stable for some time here than it will drop again, either ways I am happy that I sold out half of my coins, I am not worried at all, I could buy back now with profit but I think we are still away from the low...
Yes but the low of the week or this hour? :-) China is already back up to 4720. So the news wasn't so terrible- yet.
ooh don't worry, it will fall, in fact it is at 4680 now, and no it is not news related, it is people deciding to collect some profits wink wink if you know what I mean
December 16, 2013, 09:45:39 AM
The Bitcoin price has dropped to much !
If this trend will continue, no ASIC delivered in Q1 2014 will have any ROI..
If this trend will continue, no ASIC delivered in Q1 2014 will have any ROI..
there will be no ROI on Bitcoin terms no matter what the price is, I have been telling people for so long to buy bitcoins instead of investing into ASIC hardware, the only one is profiting if the manufacturers.
if you buy bitcoins and the whole concept fail you lose everything, if you buy ASIC hardware and the whole concept fail you also lose everything, you cant use that hardware for something else, it is designed for bitcoin only. in fact you may be better off buying bitcoins, because you can cash them anytime you want, but owning with owning the hardware you have to wait to mine some to cash out.
December 16, 2013, 09:44:56 AM
btw i sold 30 BTC more, now i have sold 90 BTC at avg with fees at $783.5
Well to be fair with you I think you are doing the right thing. Sry for being a bit harsh
np, we will see, im happy buying back at loss as always
well if you wait enough you wont be making any loss, it will be stable for some time here than it will drop again, either ways I am happy that I sold out half of my coins, I am not worried at all, I could buy back now with profit but I think we are still away from the low...
Yes but the low of the week or this hour? :-) China is already back up to 4720. So the news wasn't so terrible- yet.
China is only up 100 rmb of the low and it's not a convincing low.
December 16, 2013, 09:42:42 AM
btw i sold 30 BTC more, now i have sold 90 BTC at avg with fees at $783.5
Well to be fair with you I think you are doing the right thing. Sry for being a bit harsh
np, we will see, im happy buying back at loss as always
well if you wait enough you wont be making any loss, it will be stable for some time here than it will drop again, either ways I am happy that I sold out half of my coins, I am not worried at all, I could buy back now with profit but I think we are still away from the low...
Yes but the low of the week or this hour? :-) China is already back up to 4720. So the news wasn't so terrible- yet.
December 16, 2013, 09:42:18 AM
The Bitcoin price has dropped to much !
If this trend will continue, no ASIC delivered in Q1 2014 will have any ROI..
If this trend will continue, no ASIC delivered in Q1 2014 will have any ROI..
All ASICs ever delivered will have ROI.. mostly less then invested though. Some might break-even.
Anyways, in hindsight the best periods for mining were when people we shouting "mining is not profitable anymore"
December 16, 2013, 09:39:54 AM
The Bitcoin price has dropped to much !
If this trend will continue, no ASIC delivered in Q1 2014 will have any ROI..
If this trend will continue, no ASIC delivered in Q1 2014 will have any ROI..
December 16, 2013, 09:38:04 AM
Panic buying on Stamp- time for me to sell again. :-)
Panic Selling on Stamp- time for me to buy again.
This week I promised to test myself trading again. So far I've made about 2 btc.
I've decided to try enforcing the motto: Be greedy when others panic, panic when others are greedy. It's taking some nerves though. I'm tempted to stop at +2 BTC in the green.
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