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Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 31648. (Read 26609867 times)

legendary
Activity: 1666
Merit: 1057
Marketing manager - GO MP
I should really post my wisdom concerning position management, because so many are clueless about it.

Please do. Ultimately, lack of understanding or thought about position management is probably responsible for a lot of weak handedness, because people don't have complete confidence in what they're doing. Once they start to panic, they think only of fiat assets and dump everything.

The trick is to panic first. Smiley
copper member
Activity: 2898
Merit: 1465
Clueless!
well it is good to be this guy (even if it is bitstamp...i wanna think it is some nerd in mom's basement)

$150,000,000 moved a few days ago and consolidated (good to be him/her)

http://www.washingtonpost.com/blogs/the-switch/wp/2013/11/23/heres-who-probably-did-that-massive-150000000-bitcoin-transaction/
legendary
Activity: 1036
Merit: 1000
I should really post my wisdom concerning position management, because so many are clueless about it.

Please do. Ultimately, lack of understanding or thought about position management is probably responsible for a lot of weak handedness, because people don't have complete confidence in what they're doing. Once they start to panic, it's too late for careful thought and they just dump everything.
full member
Activity: 238
Merit: 100
Quote
$350 is cheap, it is the ATH from 15 days ago Wink

$500 is a reasonable level to start buyback.

so you're buying back in now?

Now, meaning 'at the moment', I am not buying back in. The price is above $500. My average sale price is $672 and I am not a daytrader. It has to go down a lot before I care to buy back.

Now, meaning 'whether I changed the strategy concerning what to do', the answer is: strategy stays the same until something new happens. Just that price follows some of my old scenarios (goes up, down, or stays put) is not considered 'new'. I don't think I will ever buy bitcoins above $500. If it goes to the moon, my next problem will be when and how much to sell more, as my bitcoins are worth $100M and the rest of my wealth is just a few million$.

I should really post my wisdom concerning position management, because so many are clueless about it.

my words were sarcastic Smiley
newbie
Activity: 14
Merit: 0
Come on Zangelbert.  You can't possibly believe everybody is going to get rich?  I mean, sure, if bitcoin is a more efficient method of payment and finance in general, then it will benefit the general population, much like the internet itself has already provided many benefits to the economy. But it doesn't instantaneously transform everybody into millionairs.

Not instantly. I said financial freedom in a decade or two, and I mean by today's standards.

Bitcoin is more than just frictionless payments and finance. It's a complete restructuring of the world and the elimination of many inefficiencies that held people back. The removal of those inefficiencies isn't just going to make sending money cheaper and some online goods available at a discount. It will enable whole new industries like the Internet has, but it goes far beyond even that. It fundamentally, radically decentralizes power. It blows away most of the borders that kept people from participating in the international division of labor. It thwarts all kind of oppression, especially economic oppression.

It is "rat poison," as Charlie Munger inadvertently said, or as Chamath Palihapitiya called it, "schmuck insurance." Power to the people. Truly free markets, everywhere. Think China during Mao's reign versus now. That's the kind of change that's coming. Even for people who never invest in this bull market.


LOL ! ====> http://video.foxbusiness.com/v/2359385547001/


~~~ need me to regulate Bitcoin give me a week!

 http://smilies.newcastlebeats.com/smilies/squirrel.gif
hero member
Activity: 728
Merit: 500
I think it's hilarious people think we will hit 1k+ prices. No way that's gonna happen without major dumping at 1k, which will undoubtedly lead to the Great Crash.
You think it's going to breakout from 900 to only 1000? When has anything like this every happened in bitcoin?

Dont the crashes happen after huge ATH rises? 1000 would only be a 11% rise from 900.

I think this 1K selling was already done at 900 - the number "before 1000 because its not going to 1000". At 1000 people are more likely to go nuts buying, because it broke 1000...

And maybe 10,000CNY is more significant than $1000 now.
hero member
Activity: 665
Merit: 500
Mark my words. The Great Crash is coming.

I tend to agree...at least at a gut level....but if BTC is not just a speculative fad it will come back...or die like the TULIP it was trying to be....a market (assuming it survives) will always go back to its previous high may take a day or a decade...the key here is it can yo/yo all it wants ...what is the end game say 5yrs or more from now.....is it a beanie baby fad that passes....or a paypal/ebay/inet game changer

anyway....I'm mining now... may mine later..not sure about speculating on up/down...may just mine and hold...if in the delusion of my mind I can show that the miners at least paid for themselves "on paper" I can probably live with that .....comfort level wise....if i'm wrong I still have some gains..if i'm right ..then no need to be greedy...risk vs reward don't ya know..i'll still be way ahead.....

anyway noob comfort level 1 armor 1 weapon 1 loincloth is where i am with this game so far...




Bitcoin has already survived three bubbles. Why couldn't it survive another or 5 more? Seems to be something of a natural growth mechanism for bitcoin in the formation and puncture of bubbles. Also in the long run bubbles don't necessarily have to be bad since they will redistribute coins faster then if the price is just low volatile straight up.
copper member
Activity: 2898
Merit: 1465
Clueless!
Mark my words. The Great Crash is coming.

I tend to agree...at least at a gut level....but if BTC is not just a speculative fad it will come back...or die like the TULIP it was trying to be....a market (assuming it survives) will always go back to its previous high may take a day or a decade...the key here is it can yo/yo all it wants ...what is the end game say 5yrs or more from now.....is it a beanie baby fad that passes....or a paypal/ebay/inet game changer

anyway....I'm mining now... may mine later..not sure about speculating on up/down...may just mine and hold...if in the delusion of my mind I can show that the miners at least paid for themselves "on paper" I can probably live with that .....comfort level wise....if i'm wrong I still have some gains..if i'm right ..then no need to be greedy...risk vs reward don't ya know..i'll still be way ahead.....

anyway noob comfort level 1 armor 1 weapon 1 loincloth is where i am with this game so far...

Gettin beaten up by a rabbit?


feels that way got the miner on oct 18th BTC was about 150usd now will have about 25 coins by end of this week last I looked $866....

interesting month to start all this (frigging now i'm gonna have dreams about evil rabbits!!!)
maz
full member
Activity: 140
Merit: 100
Mark my words. The Great Crash is coming.

I tend to agree...at least at a gut level....but if BTC is not just a speculative fad it will come back...or die like the TULIP it was trying to be....a market (assuming it survives) will always go back to its previous high may take a day or a decade...the key here is it can yo/yo all it wants ...what is the end game say 5yrs or more from now.....is it a beanie baby fad that passes....or a paypal/ebay/inet game changer

anyway....I'm mining now... may mine later..not sure about speculating on up/down...may just mine and hold...if in the delusion of my mind I can show that the miners at least paid for themselves "on paper" I can probably live with that .....comfort level wise....if i'm wrong I still have some gains..if i'm right ..then no need to be greedy...risk vs reward don't ya know..i'll still be way ahead.....

anyway noob comfort level 1 armor 1 weapon 1 loincloth is where i am with this game so far...

Gettin beaten up by a rabbit?
copper member
Activity: 2898
Merit: 1465
Clueless!
Mark my words. The Great Crash is coming.

I tend to agree...at least at a gut level....but if BTC is not just a speculative fad it will come back...or die like the TULIP it was trying to be....a market (assuming it survives) will always go back to its previous high may take a day or a decade...the key here is it can yo/yo all it wants ...what is the end game say 5yrs or more from now.....is it a beanie baby fad that passes....or a paypal/ebay/inet game changer

anyway....I'm mining now... may mine later..not sure about speculating on up/down...may just mine and hold...if in the delusion of my mind I can show that the miners at least paid for themselves "on paper" I can probably live with that .....comfort level wise....if i'm wrong I still have some gains..if i'm right ..then no need to be greedy...risk vs reward don't ya know..i'll still be way ahead.....

anyway noob comfort level 1 armor 1 weapon 1 loincloth is where i am with this game so far...


legendary
Activity: 1036
Merit: 1000
I now he said that , but you didn't denied the word everyone , just the time frame.
And I really don't get it how you can say everyone is wealthy now by the 1950 standards.
Wha??? Even the beggars are bow wealthy by the feudal age standard?
I 'm missing something or I haven't had enough coffee.

Again, I said "almost everyone," so not necessarily including beggars. Consider how much things have really changed:

http://www.youtube.com/watch?v=m-LJ3wZjD4I&t=3m45s
maz
full member
Activity: 140
Merit: 100
I am still numbered among the ultra rich.
Probably born that way as well.

Not really. We had a small farm and none of us kids has a university degree.

Kudos
legendary
Activity: 1512
Merit: 1005
Even if you do not catch the crypto currency wave early, you will still benefit of the fairness and wealth-creating/preserving aspects of this technology.

A new Golden Age.

It's true I was kind of ambivalent about investing at one point because I thought, "If Bitcoin succeeds, just about everyone is eventually going to be rich by today's standards anyway, whether they bought in or not." It's more about how fast you want to get there. If you invest now, you get to experience financial freedom in a year or two, instead of a decade or two.
Come on Zangelbert.  You can't possibly believe everybody is going to get rich?  I mean, sure, if bitcoin is a more efficient method of payment and finance in general, then it will benefit the general population, much like the internet itself has already provided many benefits to the economy. But it doesn't instantaneously transform everybody into millionairs.

Everyone but the last adopters will profit from the appreciation to varying degrees.

The last adopters will have the advantage of sound money, which is not available now. They can save normally and expect to have the full value when they later want to spend them. Now they have to save in the form of a too large house, which is wasting. (A rightly sized house is not good enough for saving for retirement, because you need the house also when you are retired). In Argentina, currently the peso users buy overly expensive cars, obviously a bad investment, but still better than keeping the pesos.

And the really big thieves in the banks will have to stop leeching and do something useful, like mowing you lawn for bitcoins. Abundance for all.
donator
Activity: 1722
Merit: 1036
I am still numbered among the ultra rich.
Probably born that way as well.

Not really. We had a small farm and none of us kids has a university degree.
hero member
Activity: 504
Merit: 500
I think it's hilarious people think we will hit 1k+ prices. No way that's gonna happen without major dumping at 1k, which will undoubtedly lead to the Great Crash.
maz
full member
Activity: 140
Merit: 100
Mark my words. The Great Crash is coming.

Registered a month before the April crash. Hell, all you've experienced is crash, no wonder your all doom an gloom Tongue
hero member
Activity: 574
Merit: 500
The parabolic speculative trendline is diverging from the linear support trendline. Each correction becomes deeper and more violent with more coins. I think the next correction will be the crash. It will be a "correction" from some parabolic speculative $1700 back to the supporting trendline which will be at $650, and go down to $500 due to momentum. The magnitude of the correction will make it the crash.

I will have no regrets about selling half my coins around 1500. 1200% gain is enough.

good lord man.. these kind of posts become self fulfilling prophecies ( i pray ).. don't think I know you're already at 1499.99 : D

however.. the time frame is an important part of the call.. I dunno if it will just bounce around 800-820 with the odd dip into the 750s all Sunday.. or challenge new highs or lows, I guess this depends on the markets feel.. I dunno if the new money that made it in last week or ( I get processed bill payments from Friday click over by 12:05am Monday the latest) is gonna be bullish.. and after reading horror stories of buy ins at 850.. followed by panic sells at 450 and re buys at 720.. speak volumes to the possibility of dangerous amounts volatility to new weak hands .

also whats healthier for Bitcoin downtrend to 550.. or uptrend past 1k?
donator
Activity: 1722
Merit: 1036
Quote
$350 is cheap, it is the ATH from 15 days ago Wink

$500 is a reasonable level to start buyback.

so you're buying back in now?

Now, meaning 'at the moment', I am not buying back in. The price is above $500. My average sale price is $672 and I am not a daytrader. It has to go down a lot before I care to buy back.

Now, meaning 'whether I changed the strategy concerning what to do', the answer is: strategy stays the same until something new happens. Just that price follows some of my old scenarios (goes up, down, or stays put) is not considered 'new'. I don't think I will ever buy bitcoins above $500. If it goes to the moon, my next problem will be when and how much to sell more, as my bitcoins are worth $100M and the rest of my wealth is just a few million$.

I should really post my wisdom concerning position management, because so many are clueless about it.
copper member
Activity: 2898
Merit: 1465
Clueless!
Bulls Game Plan


Bullish defense levels @

750
730
670 < point of capitulation , if that breaks we head towards 450


Bullish attacking levels @

820
835
890
ATH < if that breaks , its going To Da Moon

i bow to your expertise ..beats me flipping a coin on stay/cashout on my whole 1 month of mining and 25 coins by the 30th more or less

you do not want to be a NOOB now in this....it looks like a rocket it goes up like rocket..is it a moon rocket or an evil knieval oops moment kinda rocket

(should prob go back to flipping coin..at least i'd have denialblity if it all goes south)
sr. member
Activity: 392
Merit: 250
Mark my words. The Great Crash is coming.
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