Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 31145.

macsga

legendary

Activity: 1484

Merit: 1002

Strange, yet attractive.

Quote from: gandhibt on December 11, 2013, 08:46:38 AM

If you are trading bitcoins, one good approach is that you normally have 100% BTC (from your invested fiat) and if something happens like big up or down then you should have a clear plan what to do, short-term future becomes a lot more easy to predict when these major spikes appear first.

Forget about how much USD you have short-term, focus only to get more BTC, because longest trend is UP UP UP.

I have noticed that my biggest loses (BTC) come when I'm holding USD and waiting too long. Don't wait that the price falls.

Make a plan and stick to it when something happens.

+1

Vycid

sr. member

Activity: 336

Merit: 250

♫ the AM bear who cares ♫

Quote from: EuroTrash on December 11, 2013, 08:38:32 AM

Quote from: Vycid on December 11, 2013, 08:35:02 AM

Quote from: seleme on December 11, 2013, 08:34:30 AM

It's going down people, no need for denial Wink

Yeah, whatever. Nobody's getting my coins.

Wait till fear sets in and makes you and me and someone else want to defrost their cold storage...

I don't believe for a moment that I can profit from trading in this market on a statistical basis. Everybody thinks that but half of them will lose money. Any edge from TA (and I don't consider myself an expert) is pretty much overwhelmed by the insane news cycle and whale action. Not to mention that trading fees essentially give you a negative expectation value for trading.

So no, I'm holding regardless of where we go with the exception of some play money if I feel like trading for fun. And if it truly craters then I'll rid myself of some more fiat.

No point in selling, really. If bitcoin succeeds then I'll spend my coins.

gandhibt

full member

Activity: 238

Merit: 100

If you are trading bitcoins, one good approach is that you normally have 100% BTC (from your invested fiat) and if something happens like big up or down then you should have a clear plan what to do, short-term future becomes a lot more easy to predict when these major spikes appear first.

Forget about how much USD you have short-term, focus only to get more BTC, because longest trend is UP UP UP.

I have noticed that my biggest loses (BTC) come when I'm holding USD and waiting too long. Don't wait that the price falls.

Make a plan and stick to it when something happens.

seleme

legendary

Activity: 2772

Merit: 1028

Duelbits.com

Quote from: ?? on ??

A dead cat in a dead cat bounce? Huh

I guess so though I'm not the one kids will learn in school for making great btc/usd calls.

seleme

legendary

Activity: 2772

Merit: 1028

Duelbits.com

some support building on 900 though.

tutkarz

hero member

Activity: 546

Merit: 501

Quote from: EuroTrash on December 11, 2013, 08:38:32 AM

Quote from: Vycid on December 11, 2013, 08:35:02 AM

Quote from: seleme on December 11, 2013, 08:34:30 AM

It's going down people, no need for denial Wink

Yeah, whatever. Nobody's getting my coins.

Wait till fear sets in and makes you and me and someone else want to defrost their cold storage...

what for? in few months you will regret this anyway.

vdcc

member

Activity: 67

Merit: 10

Quote from: Vycid on December 11, 2013, 08:32:34 AM

Quote from: niothor on December 11, 2013, 08:30:30 AM

Quote from: ?? on ??

Quote from: macsga on December 11, 2013, 08:11:39 AM

@ maz: Agree; but we may have a better chance off it than fiat.

Are you sure of that?

http://www.businessinsider.com/927-people-own-half-of-the-bitcoins-2013-12

What did you believed , that each of us will have 0.0x bitcoins and we could all be rich?
No more people starving , no more forests cut in the Amazon?

This ain't a tool to reach utopia and never was.

It's important to consider what kind of people those 927 individuals are, and how they're likely to spend their money.

To wit: are they more likely to steer the world in direction you'd like to see than today's global elite?

Besides, only about half of the total bitcoins are yet in circulation. Their holdings will be diluted and the coins will be better spread out going forward.

Who said that's a 927 people? That's a 927 wallets addresses, maybe owned by a 50-100 individuals, who knows?

macsga

legendary

Activity: 1484

Merit: 1002

Strange, yet attractive.

Quote from: seleme on December 11, 2013, 08:34:30 AM

It's going down people, no need for denial Wink

I really looked forward for a $868 double low before getting up again. I don't think it's gonna happen though Undecided

EuroTrash

hero member

Activity: 728

Merit: 500

Quote from: Vycid on December 11, 2013, 08:35:02 AM

Quote from: seleme on December 11, 2013, 08:34:30 AM

It's going down people, no need for denial Wink

Yeah, whatever. Nobody's getting my coins.

Wait till fear sets in and makes you and me and someone else want to defrost their cold storage...

seleme

legendary

Activity: 2772

Merit: 1028

Duelbits.com

BTC transactions are seriously joke.

Vycid

sr. member

Activity: 336

Merit: 250

♫ the AM bear who cares ♫

Quote from: seleme on December 11, 2013, 08:34:30 AM

It's going down people, no need for denial Wink

Yeah, whatever. Nobody's getting my coins.

seleme

legendary

Activity: 2772

Merit: 1028

Duelbits.com

It's going down people, no need for denial Wink

macsga

legendary

Activity: 1484

Merit: 1002

Strange, yet attractive.

Just Winklevoss liquidating to fiat Grin

Seriously now; Bitcoin economy should get serious before it gets better; but this requires guts and idealists behind bold decisions. I don't personally find a bad thing guys like the Winklevoss bros and Roger Ver having a great deal of coins. As Risto has mentioned in the article (and the respective thread here) there's a great chance the current million dollar fiat situation will just re-establish itself on bitcoins in the future. Face it; this is just how things are. You could have been in their position. You may as well are and you don't really know it. How many people do you think they will own a single coin in the next 5 years? Will you be among them? Wink

Vycid

sr. member

Activity: 336

Merit: 250

♫ the AM bear who cares ♫

Quote from: niothor on December 11, 2013, 08:30:30 AM

Quote from: ?? on ??

Quote from: macsga on December 11, 2013, 08:11:39 AM

@ maz: Agree; but we may have a better chance off it than fiat.

Are you sure of that?

http://www.businessinsider.com/927-people-own-half-of-the-bitcoins-2013-12

What did you believed , that each of us will have 0.0x bitcoins and we could all be rich?
No more people starving , no more forests cut in the Amazon?

This ain't a tool to reach utopia and never was.

It's important to consider what kind of people those 927 individuals are, and how they're likely to spend their money.

To wit: are they more likely to steer the world in direction you'd like to see than today's global elite?

Besides, only about half of the total bitcoins are yet in circulation. Their holdings will be diluted and the coins will be better spread out going forward.

niothor

hero member

Activity: 826

Merit: 501

in defi we trust

Quote from: ?? on ??

Quote from: macsga on December 11, 2013, 08:11:39 AM

@ maz: Agree; but we may have a better chance off it than fiat.

Are you sure of that?

http://www.businessinsider.com/927-people-own-half-of-the-bitcoins-2013-12

What did you believed , that each of us will have 0.0x bitcoins and we could all be rich?
No more people starving , no more forests cut in the Amazon?

This ain't a tool to reach utopia and never was.

EuroTrash

hero member

Activity: 728

Merit: 500

so many bounces back and forth. General trend is downwards.

My guess:
The price rise was too fast. Most self-appointed day traders who got into bitcoin in the last two months are still drunk from their fiat gains, and now they are trying to play each other like in a casino. At each tree shake, some more of them get their butt hurt and decide to quit the green table with the leftover of their "win" before they lose it all.

For the same principle that makes it so that most lottery winners lose all their wins in a short time frame, I think it will take 2-5 more months for the market to accept a $1000 BTC price as the new norm.

In regards to all the alleged new money entering the game because of good news, ask yourself: if it looks like a bubble deflating right now, would you really buy in at 800$ or would you rather wait to get in around 300-500?

Only time will say how many these new investors are and how patient.

Vycid

sr. member

Activity: 336

Merit: 250

♫ the AM bear who cares ♫

Quote from: ?? on ??

No bad news atm to fuel any serious panic

Just a casual panic.

DougTanner

sr. member

Activity: 280

Merit: 250

People taking some profits. Question is, does this spook the rest?

tutkarz

hero member

Activity: 546

Merit: 501

Quote from: maz on December 11, 2013, 08:09:57 AM

Quote from: tutkarz on December 11, 2013, 08:05:42 AM

Quote from: maz on December 11, 2013, 08:03:09 AM

Quote from: mmitech on December 11, 2013, 07:58:03 AM

it really pisses me off the dump scheme some manipulators are following, the only victims here are the newcomers which we call the weak hands, being not used yet to the bitcoin's volatility, they can lose allot in aa minute because of fear which will automatically discourage further investing and strength the troll about bitcoin value.

if I had 20,000 BTC and even if I wanted to go all FIAT I would do it in a way that it wouldn't effect the price even if took me 1 month to cash out, but these people in purpose dump few thousands of Bitcoin so they get to buy a sum at a lower price and cash a sum to FIAT.....

Welcome to the real world. Greed is good, is the mantra of the super rich who feed off the financially vulnerable.

Here's an interesting video from a guy who ran a hedge fund, and in his playing field there were REGULATIONS!

https://www.youtube.com/watch?v=GOS8QgAQO-k

greed is not good, it is causing like 75% of bad things in the world (another 25% are just morons).

Dude please, save your tears for a world that cares. Just remember bitcoins a part of it and no amount of good will is going to stop it from being another asset exploited to make the rich get richer.

Look at recent bloomberg movies 12 days on bitcoin or something like that. Reporter is excited about bitcoin movement because not everyone here is just to grab as much money as they can like at wall street for example. And I am happy with that.

gandhibt

full member

Activity: 238

Merit: 100

Quote from: ?? on ??

Quote from: macsga on December 11, 2013, 08:11:39 AM

@ maz: Agree; but we may have a better chance off it than fiat.

Are you sure of that?

http://www.businessinsider.com/927-people-own-half-of-the-bitcoins-2013-12

That will even out because you can't print coins from your ass.

Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 31145. (Read 26608895 times)