Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 31182.

Peter R

legendary

Activity: 1162

Merit: 1007

Quote from: Odrec on December 10, 2013, 12:38:43 AM

I've long admitted to being a long term holder, but there is a price that I would sell a significant percentage of my stash off at, and we are close to being within an order of magnitude of that number now.

mb300sd, why wait for a specific price to sell most/all? Why not continually sell as the price goes up using something like the SSS divestment plan (https://bitcointalk.org/index.php?topic=345065.0)? This way, if bitcoin eventually fails, you still do well, and if it becomes a dominant currency, you do extremely well. By adjusting your rake % you can shift the balance between more fiat early on or more wealth should BTC succeed.

seleme

legendary

Activity: 2772

Merit: 1028

Duelbits.com

Quote from: ?? on ??

Where exactly do you think the money went from 200,000+BTC being sold went? Gox wrote a 225,000,000$ check huh? The money is waiting to re-enter, just like you are, but you apparently aren't going to like the cost of re-entry.

Well, if they are re-entering now, they shouldn't exit at all.

macsga

legendary

Activity: 1484

Merit: 1002

Strange, yet attractive.

So, you people choo-choo-ed all night eh? Grin

nanobtc

hero member

Activity: 605

Merit: 634

I think the Excited Train Guy on autotune, with music is better.

traderCJ

sr. member

Activity: 280

Merit: 250

Quote from: Vigil on December 10, 2013, 12:23:39 AM

Look at them... they are still trying to push this over $1000. These people are mentally ill.

Just like they pushed it down to $600 a few days ago? Are they mentally ill for doing that, too?

Odrec

member

Activity: 112

Merit: 10

I have to admit that I'm also waiting for a price to cash out but the beauty of it is that by the time that price range arrives bitcoin is going to be consolidated enough for me to not have to cash out. I imagine many people will be in that same situation.

tHash

sr. member

Activity: 260

Merit: 250

Does anyone know if BitPay does any selling at all at Gox anymore?

simonk83

hero member

Activity: 798

Merit: 1000

Quote from: Vigil on December 10, 2013, 12:23:39 AM

Look at them... they are still trying to push this over $1000. These people are mentally ill.

Give it a rest champ.

Vigil

sr. member

Activity: 378

Merit: 250

Look at them... they are still trying to push this over $1000. These people are mentally ill.

Vigil

sr. member

Activity: 378

Merit: 250

Quote from: mb300sd on December 10, 2013, 12:15:41 AM

Quote from: Vigil on December 10, 2013, 12:09:03 AM

Quote from: MAbtc on December 10, 2013, 12:02:59 AM

Quote from: Vigil on December 09, 2013, 11:56:08 PM

Quote from: traderCJ on December 09, 2013, 11:54:36 PM

Quote from: tHash on December 09, 2013, 11:50:55 PM

Remember, every person, without exception, who is calling for major drops in price, has sold at least a portion of their stash and are wanting YOU to sell your coins to them for cheap.

You left out those with no stake in Bitcoin who just like trolling.

I used to absolutely hate seeing dips. Now, I see them as a way to kick out the weaklings. What doesn't kill BTC seems to make it stronger.

Or are people who think the current price is not supported by the vast majority of the potential market... It isn't just about wanting to buy coins cheaper.

Some people are very much bothered by speculation in this forum.

Yep. Either you believe the price is going to endlessly travel upwards from here or you are a troll. A lot of these guys who want the price to go up have admitted to not selling at the highs and are just holding. What do they care if the price is to temporarily go up to $1200 again if they aren't going to take profit?

I've long admitted to being a long term holder, but there is a price that I would sell a significant percentage of my stash off at, and we are close to being within an order of magnitude of that number now.

The only reason to ever sell-off bitcoin is to buy more bitcoin or buy something you can't yet buy with bitcoin. To just cash out into paper is insanity.

Vigil

sr. member

Activity: 378

Merit: 250

Quote from: Peter R on December 10, 2013, 12:08:13 AM

Quote from: Vigil on December 09, 2013, 11:32:04 PM

It shall be called a "Million".

So one-hundred-thousand Satoshi's should be called a Million? Huh

Like Milli-yon. Not like 1 million satoshis.

aminorex

legendary

Activity: 1596

Merit: 1030

Sine secretum non libertas

There are as many reasons to desire things to be different than they are as there are persons who see things other than they would that they were. A clever man once said something akin to this: Everyone may be entitled to their own opinion, but they are not entitled to their own facts.

nrd525

legendary

Activity: 1868

Merit: 1023

Things will get interesting if bitcoinica recovers its 64,000 BTC from MtGox.

And especially if the liquidator sells them at market value.

There is apparently a little progress being made.

Of course if you only use Technical Analysis, you should ignore this problem =)

mb300sd

legendary

Activity: 1260

Merit: 1000

Drunk Posts

Quote from: Vigil on December 10, 2013, 12:09:03 AM

Quote from: MAbtc on December 10, 2013, 12:02:59 AM

Quote from: Vigil on December 09, 2013, 11:56:08 PM

Quote from: traderCJ on December 09, 2013, 11:54:36 PM

Quote from: tHash on December 09, 2013, 11:50:55 PM

Remember, every person, without exception, who is calling for major drops in price, has sold at least a portion of their stash and are wanting YOU to sell your coins to them for cheap.

You left out those with no stake in Bitcoin who just like trolling.

I used to absolutely hate seeing dips. Now, I see them as a way to kick out the weaklings. What doesn't kill BTC seems to make it stronger.

Or are people who think the current price is not supported by the vast majority of the potential market... It isn't just about wanting to buy coins cheaper.

Some people are very much bothered by speculation in this forum.

Yep. Either you believe the price is going to endlessly travel upwards from here or you are a troll. A lot of these guys who want the price to go up have admitted to not selling at the highs and are just holding. What do they care if the price is to temporarily go up to $1200 again if they aren't going to take profit?

I've long admitted to being a long term holder, but there is a price that I would sell a significant percentage of my stash off at, and we are close to being within an order of magnitude of that number now.

aminorex

legendary

Activity: 1596

Merit: 1030

Sine secretum non libertas

Quote from: Peter R on December 10, 2013, 12:08:13 AM

Quote from: Vigil on December 09, 2013, 11:32:04 PM

It shall be called a "Million".

So one-hundred-thousand Satoshi's should be called a Million? Huh

And a vast horde of newly minted millionaires would spring like calves first from the stable cavorting in their glee.

seleme

legendary

Activity: 2772

Merit: 1028

Duelbits.com

Quote from: tHash on December 09, 2013, 11:50:55 PM

For all you noobs who think bitcoin is crashing down every time we drop a bit, I suggest you go research what retracement is. We are firmly entrenched in a 48 hour up trend. If the bears can muster some bad news, maybe we could dip again, but most who were going to panic did. If we could stay between $800 and $1k for a while, that would be best, the longer we are here the more confidence is built for another leg up. Remember, every person, without exception, who is calling for major drops in price, has sold at least a portion of their stash and are wanting YOU to sell your coins to them for cheap.

Yep, that's right. If you only stripped out high morality from your post and wrote:

"Remember, every person, without exception, who is calling for major rise in the price, is wanting you or anyone else to buy more so his net worth would be bigger and so he could eventually dump at satisfying point",

than everything would be all right.

But though I wouldn't mind price to go down so I could spend fiat I hold, I wouldn't definitely mind it to go up too if next dip would lead to another one and another one. I want bitcoin high even if that would mean some kind of loss for my current partial fiat position.

Vigil

sr. member

Activity: 378

Merit: 250

Quote from: MAbtc on December 10, 2013, 12:02:59 AM

Quote from: Vigil on December 09, 2013, 11:56:08 PM

Quote from: traderCJ on December 09, 2013, 11:54:36 PM

Quote from: tHash on December 09, 2013, 11:50:55 PM

Remember, every person, without exception, who is calling for major drops in price, has sold at least a portion of their stash and are wanting YOU to sell your coins to them for cheap.

You left out those with no stake in Bitcoin who just like trolling.

I used to absolutely hate seeing dips. Now, I see them as a way to kick out the weaklings. What doesn't kill BTC seems to make it stronger.

Or are people who think the current price is not supported by the vast majority of the potential market... It isn't just about wanting to buy coins cheaper.

Some people are very much bothered by speculation in this forum.

Yep. Either you believe the price is going to endlessly travel upwards from here or you are a troll. A lot of these guys who want the price to go up have admitted to not selling at the highs and are just holding. What do they care if the price is to temporarily go up to $1200 again if they aren't going to take profit?

aminorex

legendary

Activity: 1596

Merit: 1030

Sine secretum non libertas

Quote from: Vigil on December 09, 2013, 11:56:08 PM

Quote from: traderCJ on December 09, 2013, 11:54:36 PM

Quote from: tHash on December 09, 2013, 11:50:55 PM

Remember, every person, without exception, who is calling for major drops in price, has sold at least a portion of their stash and are wanting YOU to sell your coins to them for cheap.

You left out those with no stake in Bitcoin who just like trolling.

I used to absolutely hate seeing dips. Now, I see them as a way to kick out the weaklings. What doesn't kill BTC seems to make it stronger.

Or are people who think the current price is not supported by the vast majority of the potential market... It isn't just about wanting to buy coins cheaper.

No one could be that dumb!

Peter R

legendary

Activity: 1162

Merit: 1007

Quote from: Vigil on December 09, 2013, 11:32:04 PM

Quote from: Peter R on December 09, 2013, 11:28:32 PM

Quote from: tHash on December 09, 2013, 11:19:30 PM

We do need to get the mBTC switch underway. I run into so many(most) who can't wrap their minds around the concept of being able to buy fractions, they all want to buy whole amounts, and even at $140 and $300 they were saying they were expensive. They don't think those amounts are expensive anymore, but can't seem to realize that at some point, $1k will seem cheap too.

This has been debated to death for good reason: the public doesn't "get" that the decimal point is arbitrary. Come on exchanges: just cite the price in mBTC and we'll find out soon enough what the new unit is called.

It shall be called a "Million".

So one-hundred-thousand Satoshi's should be called a Million? Huh

seleme

legendary

Activity: 2772

Merit: 1028

Duelbits.com

Quote from: BitThink on December 09, 2013, 11:47:49 PM

Quote from: seleme on December 09, 2013, 11:33:59 PM

Quote from: TERA on December 09, 2013, 11:31:19 PM

Quote from: seriouscoin on December 09, 2013, 11:18:23 PM

Unless you dont sleep and watch the market 24/7

This is exactly what I do. A hefty price to pay for making insane gains on my btc. I'll stop and just go long once I've collected 1000BTC.

I've lost lot of sleep in last few days too. Bitcoin going crazy and my wife and mom having surgeries in same time made me to sleep very unregularly. I sleep when I find time to do it, there's no part of day I do it regularly in last 10 days. 2-3 hours, then wake up for few, then 2-3 again and so on, lol

Why you spend so much time in watching the price? Why not just buy and hold? I bet the gain from frequent trading does not deserve the time and energy you spend. Let's live our life and forget about the price for at least couple of months.

Because that's how I made 90% of my BTC. If I bought at waited fore few month/year waiting wouldn't be worth at all.

But had so many discussions about that already, I don't care really about B&H, it's trading that brought me in position I am now and I'll continue to do it until I decide to cashout. Unless I wake up later and find BTC at 8$ piece, than I'd buy and hold Cheesy

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