Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 31083. (Read 26608186 times)
December 13, 2013, 02:01:47 AM
December 13, 2013, 01:53:06 AM
We can either look at this as me being wrong, or there having been two consecutive bubbles. I prefer the latter. 
+1
Come on girl push it!!
December 13, 2013, 01:50:41 AM
Good morn... 
I MEAN:
CHOO CHOO MF!!!
I MEAN:
CHOO CHOO MF!!!
December 13, 2013, 01:02:00 AM
Well, I'm out... all in all about 1.2k $ loss in last 2 days.
Watch the price magically move down now.
Why did you not wait to see if the weekend dip occurs?
I saw you are holding DGCs. How high do you think it will go (I have 200)?
Haha, yeah it usually finishes like that.
It was too risky to wait anymore since I was on margin, would be utter shit if it would go to 1000 or so and you never know with btc. Some guys are obviously long on Stamp and Bitfinex and putting up big walls. Now if it continues to rally today I might reconsider to short it again but it would be at much higher point this time so eventual dump wpuld bring higher profit. Though I probably won't, it's risky stuff.
I don't know really about DGC, looks like this pump might push it to 0005-0006. In it's previous pumps this summer DGC was able to reach 0006-0007 and overall crypto situation was much worse than it is now. I've sold 20k at 00046 though, it's huge profit since my entry point was at 000045, and I needed something to cheer me up for this shorting loss
But I can see it at 5$ sometime in 2014 if BTC continues it's rise to like 5k or something.
December 13, 2013, 01:01:50 AM
December 13, 2013, 12:55:53 AM
Well, I'm out... all in all about 1.2k $ loss in last 2 days.
Watch the price magically move down now.
Why did you not wait to see if the weekend dip occurs?
I saw you are holding DGCs. How high do you think it will go (I have 200)?
December 13, 2013, 12:50:49 AM
Well, I'm out... all in all about 1.2k $ loss in last 2 days.
December 13, 2013, 12:26:40 AM
It's a common misconception here on the forum to interchange "shorting" and "selling". I remember epic debates to get people to accept that there is a difference between the two.
In this case, there was actual leveraged shorting going on . . .
December 13, 2013, 12:18:15 AM
Well, this is not funny anymore, I definitely shorted BTC at very bad time 
Well, it is certainly sad when you have to learn the hard way.
It's not like tons of us here don't try to drill it into everyone . . .
Don't. Short. Bitcoin.
I honestly hope you can close your short on the retrace.
I made quite lot of money of doing all kind of shit with BTC so I don't really care about "Don't sell BTC" policy at all. Sometimes you lose, sometimes you win, I would be nowhere without risks I am taking all the time, my BTC would be worth approx. the losing position I am at now - few thousands, so nothing. I only wish I shorted just my stake of BTC without margin stuff, wouldn't be too worried then at all.
But thanks for wishes, I certainly do hope it too
He said don't 'short' BTC not sell...if you get confused between the two I suggest saving yourself some time and giving your money to a deserving charity.
December 13, 2013, 12:14:12 AM
Well, this is not funny anymore, I definitely shorted BTC at very bad time
Well, it is certainly sad when you have to learn the hard way.
It's not like tons of us here don't try to drill it into everyone . . .
Don't. Short. Bitcoin.
I honestly hope you can close your short on the retrace.
I made quite lot of money of doing all kind of shit with BTC so I don't really care about "Don't sell BTC" policy at all. Sometimes you lose, sometimes you win, I would be nowhere without risks I am taking all the time, my BTC would be worth approx. the losing position I am at now - few thousands, so nothing. I only wish I shorted just my stake of BTC without margin stuff, wouldn't be too worried then at all.
But thanks for wishes, I certainly do hope it too
He said don't 'short' BTC not sell...if you get confused between the two I suggest saving yourself some time and giving your money to a deserving charity.
BTW just reading the last few pages...you back DGC because of the name??!! That's pretty sketchy logic.
And why are you promoting Cryptsy....its a comprehensive alt-exchange but a lot of people seem to suffer funding issues there.
Thanks for your input
December 13, 2013, 12:12:49 AM
Well, this is not funny anymore, I definitely shorted BTC at very bad time
Well, it is certainly sad when you have to learn the hard way.
It's not like tons of us here don't try to drill it into everyone . . .
Don't. Short. Bitcoin.
I honestly hope you can close your short on the retrace.
I made quite lot of money of doing all kind of shit with BTC so I don't really care about "Don't sell BTC" policy at all. Sometimes you lose, sometimes you win, I would be nowhere without risks I am taking all the time, my BTC would be worth approx. the losing position I am at now - few thousands, so nothing. I only wish I shorted just my stake of BTC without margin stuff, wouldn't be too worried then at all.
But thanks for wishes, I certainly do hope it too
He said don't 'short' BTC not sell...if you get confused between the two I suggest saving yourself some time and giving your money to a deserving charity.
BTW just reading the last few pages...you back DGC because of the name??!! That's pretty sketchy logic.
And why are you promoting Cryptsy....its a comprehensive alt-exchange but a lot of people seem to suffer funding issues there.
December 13, 2013, 12:01:54 AM
December 12, 2013, 11:54:03 PM
Well, this is not funny anymore, I definitely shorted BTC at very bad time
Well, it is certainly sad when you have to learn the hard way.
It's not like tons of us here don't try to drill it into everyone . . .
Don't. Short. Bitcoin.
I honestly hope you can close your short on the retrace.
I made quite lot of money of doing all kind of shit with BTC so I don't really care about "Don't sell BTC" policy at all. Sometimes you lose, sometimes you win, I would be nowhere without risks I am taking all the time, my BTC would be worth approx. the losing position I am at now - few thousands, so nothing. I only wish I shorted just my stake of BTC without margin stuff, wouldn't be too worried then at all.
But thanks for wishes, I certainly do hope it too
December 12, 2013, 11:51:56 PM
Are we looking at the setup for a weekend bump?
dump is probably more likely
the bear isn't done yet i HOPE!
poeple promised me cheap coins
Seeming less likely, the bears seem to be learning faster these days
i know
all i ask is 20-60K coins sold on all the markets, is this really to much to ask?
December 12, 2013, 11:51:30 PM
Are we looking at the setup for a weekend bump?
dump is probably more likely
the bear isn't done yet i HOPE!
poeple promised me cheap coins
Seeming less likely, the bears seem to be learning faster these days
December 12, 2013, 11:44:16 PM
Are we looking at the setup for a weekend bump?
December 12, 2013, 11:38:58 PM
Well, this is not funny anymore, I definitely shorted BTC at very bad time
Well, it is certainly sad when you have to learn the hard way.
It's not like tons of us here don't try to drill it into everyone . . .
Don't. Short. Bitcoin.
I honestly hope you can close your short on the retrace.
December 12, 2013, 11:22:05 PM
...
Hmm, all I see is the post-overshoot ringing pattern, same as April. That tells me we're settling somewhere near this price, and the long-term aftermath of April would tell me we'd be in for a bear market after the price settles.
But the positive news cycle hasn't slowed ($25M for Coinbase in Series B? Are you kidding me?), so the bear market will probably be exceptionally brief, if it manifests at all.
Hmm, all I see is the post-overshoot ringing pattern, same as April. That tells me we're settling somewhere near this price, and the long-term aftermath of April would tell me we'd be in for a bear market after the price settles.
But the positive news cycle hasn't slowed ($25M for Coinbase in Series B? Are you kidding me?), so the bear market will probably be exceptionally brief, if it manifests at all.
Don't forget all the coverage the cars getting and that's only getting started, next time someone says 'but what's it backed by?' I can say goats car
+1
December 12, 2013, 11:21:25 PM
This is like the bounce from 120 to 145 in april, after the drop from 165 and before the drop to 80.
The symmetry.
The symmetry.
Hmm, all I see is the post-overshoot ringing pattern, same as April. That tells me we're settling somewhere near this price, and the long-term aftermath of April would tell me we'd be in for a bear market after the price settles.
But the positive news cycle hasn't slowed ($25M for Coinbase in Series B? Are you kidding me?), so the bear market will probably be exceptionally brief, if it manifests at all.
Here's what I'm talking about. Top is March-April. Bottom is prior 60d.
The ringing cycle is shorter (system is more highly damped) because the market is larger and confidence is greater.
Similarly I expect a shorter bear market, if it manifests at all.
On the other hand, bulls will be pleased to know that I said this a month ago at the giant beartrap, shortly before it established new ATHs.
Another sell off developing.
Yup, typical "ringing" pattern after the overshoot blow-off. Same as April.
Yawn. Predictable.
We can either look at this as me being wrong, or there having been two consecutive bubbles. I prefer the latter.
Jump to: