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Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 31356. (Read 26608069 times)

hero member
Activity: 894
Merit: 501
China rallying all on its own   Huh

Chinese saw that this was no big deal an are buying back....

I am all BTC for the night. Let's see what tomorrow will bring...

I thought screw it and sold my return of investment, which was about an order of magnitude more than I could afford to lose.

How could you possibly have an order of magnitude more wealth in bitcoins than you could afford to lose? Suppose you originally could afford to lose $10,000 and put all of that into Bitcoin at $100/coin. Having $110,000 at $1100/coin doesn't mean you can't afford to lose only $10,000 of that - it means you can now afford to lose $100,000 more than you could before.

He must have been in a deep hole to start with.

The original investment was too big, especially as my prospects of income are slim for the next few months. I got my money back, and now have about 5 times that investment, in bitcoins left over.

edit: basically, I could afford to loose about 10% of my fiat at the time of investing in bitcoin, but decided to risk allot more. That was a good decision. Trying to day trade in April and May wasn't! lol
sr. member
Activity: 336
Merit: 250
♫ the AM bear who cares ♫
China rallying all on its own   Huh

Chinese saw that this was no big deal an are buying back....

I am all BTC for the night. Let's see what tomorrow will bring...

I thought screw it and sold my return of investment, which was about an order of magnitude more than I could afford to lose.

How could you possibly have an order of magnitude more wealth in bitcoins than you could afford to lose? Suppose you originally could afford to lose $10,000 and put all of that into Bitcoin at $100/coin. Having $110,000 at $1100/coin doesn't mean you can't afford to lose only $10,000 of that - it means you can now afford to lose $100,000 more than you could before.

He must have been in a deep hole to start with.

He had debt in excess of 10x his assets, then, and decided it was prudent to purchase Bitcoin.
legendary
Activity: 966
Merit: 1000
- - -Caveat Aleo- - -
China rallying all on its own   Huh

Chinese saw that this was no big deal an are buying back....

I am all BTC for the night. Let's see what tomorrow will bring...

I thought screw it and sold my return of investment, which was about an order of magnitude more than I could afford to lose.

How could you possibly have an order of magnitude more wealth in bitcoins than you could afford to lose? Suppose you originally could afford to lose $10,000 and put all of that into Bitcoin at $100/coin. Having $110,000 at $1100/coin doesn't mean you can't afford to lose only $10,000 of that - it means you can now afford to lose $100,000 more than you could before.

He must have been in a deep hole to start with.
legendary
Activity: 966
Merit: 1000
- - -Caveat Aleo- - -
Just recovered from another sell-off.  Smiley
sr. member
Activity: 336
Merit: 250
♫ the AM bear who cares ♫
China rallying all on its own   Huh

Chinese saw that this was no big deal an are buying back....

I am all BTC for the night. Let's see what tomorrow will bring...

I thought screw it and sold my return of investment, which was about an order of magnitude more than I could afford to lose.

How could you possibly have an order of magnitude more wealth in bitcoins than you could afford to lose? Suppose you originally could afford to lose $10,000 and put all of that into Bitcoin at $100/coin. Having $110,000 at $1100/coin doesn't mean you can't afford to lose only $10,000 of that - it means you can now afford to lose $100,000 more than you could before.

It's better to think about it as, "When I bought my coins, I could afford to lose 100 BTC. I can still afford to lose 100 BTC."
hero member
Activity: 728
Merit: 500
This was necessary in order for CHINA to have a correction to it's daily ema and the original trendline. Until now it's been kind of floating at an unsupported level.
hero member
Activity: 894
Merit: 501
China rallying all on its own   Huh

Chinese saw that this was no big deal an are buying back....

I am all BTC for the night. Let's see what tomorrow will bring...

I thought screw it and sold my return of investment, which was about an order of magnitude more than I could afford to lose.
legendary
Activity: 1680
Merit: 1014
China rallying all on its own   Huh

Chinese saw that this was no big deal an are buying back....

I am all BTC for the night. Let's see what tomorrow will bring...
legendary
Activity: 1148
Merit: 1001

Yeah, ok, so what do you guys think of Woo's 3 headed hydra evaluation where each part money transmitter, payment service and store of value equal 5B (which of course comes out to one coin around 1337 USD  Cool )?

I think he is off by about $100,000 per coin.  Give or take a few hundred thousand more.   Wink

It could get to $1337 by the end of this week, seriously.  By the end of December for sure.

Oh well, at least he is giving some validation to the utility of BTC.
legendary
Activity: 1484
Merit: 1002
Strange, yet attractive.
Goodnight people. Have fun! Wink
full member
Activity: 238
Merit: 100
sorry bears bubbles don't pop on record volume.

Well not that I'm bearish but...



That's not a popped bubble, that's lunch.

The volume goes up after the "bubble" pops, it still shows in the same daily candle...
hero member
Activity: 894
Merit: 501
China rallying all on its own   Huh
legendary
Activity: 2380
Merit: 1823
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
full member
Activity: 126
Merit: 100

Yeah, ok, so what do you guys think of Woo's 3 headed hydra evaluation where each part money transmitter, payment service and store of value equal 5B (which of course comes out to one coin around 1337 USD  Cool )?
legendary
Activity: 1484
Merit: 1002
Strange, yet attractive.
Quote from: rpietila link=topic=178336.msg3841247#msg3841247


I would really really buy at any of the prices mentioned in that chart  Grin



Away from the battle all are soldiers. - german proverb

He's just trolling; it's becoming a habit in here Smiley
legendary
Activity: 1232
Merit: 1011
Quote from: rpietila link=topic=178336.msg3841247#msg3841247


I would really really buy at any of the prices mentioned in that chart  Grin



Away from the battle all are soldiers. - german proverb
donator
Activity: 1722
Merit: 1036
sorry bears bubbles don't pop on record volume.

Well not that I'm bearish but...



That's not a popped bubble, that's lunch.

I would really really buy at any of the prices mentioned in that chart  Grin
hero member
Activity: 1302
Merit: 502
Dat amplitude on the 1 day.

If you were in a coma this morning, you'd think nothing happened in Bitcoin world if you just checked the price.
Being at heathrow airport filming all day 200 miles away from home too does it  Smiley now in the hotel after being blown off on the side of the road. 

Dat ambiguity. I was about to move to heathrow airport. "I hear hitchhikers are really generous there."
hero member
Activity: 728
Merit: 500
Dat amplitude on the 1 day.

If you were in a coma this morning, you'd think nothing happened in Bitcoin world if you just checked the price.

I woke up and found my entire array of margin buy orders I placed on bitfinex from 1050 to 900 when I went to sleep last night expecting a correction had been filled. At first when I saw "no active orders" I thought there must be some bug.
sr. member
Activity: 276
Merit: 250
Dat amplitude on the 1 day.

If you were in a coma this morning, you'd think nothing happened in Bitcoin world if you just checked the price.
Being at heathrow airport filming all day 200 miles away from home too does it  Smiley now in the hotel after being blown off on the side of the road.  (winds up to 50mph) Smiley
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