Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 31747.

emanymton

full member

Activity: 219

Merit: 106

Quote from: seanneko on November 21, 2013, 04:53:53 AM

Quote from: gandhibt on November 21, 2013, 04:39:03 AM

One thing that I have to say when reading this "bitcoin online bar" is that if you have a lot of bitcoins it surely doesn't mean that you would know something more about trading than those who have fewer.

Couldn't agree more. Someone with lots of BTC claiming that they "know the market" better than anyone else just screams arrogance.

Was the guy last month who found out he had $880k worth a master of Bitcoin?

I have a feeling that was a load of shit to get around tax obligations.
So yes he was a master of bitcoins.

Parazyd

hero member

Activity: 812

Merit: 587

Space Lord

The train is leaving Cheesy

I have no fiat lefi... Hope to sell some at $1000 and use the chance of others dumping. Good idea?
I suppose a lot of people will start selling at $1000.

gandhibt

full member

Activity: 238

Merit: 100

Quote from: seanneko on November 21, 2013, 04:53:53 AM

Quote from: gandhibt on November 21, 2013, 04:39:03 AM

One thing that I have to say when reading this "bitcoin online bar" is that if you have a lot of bitcoins it surely doesn't mean that you would know something more about trading than those who have fewer.

Couldn't agree more. Someone with lots of BTC claiming that they "know the market" better than anyone else just screams arrogance.

Was the guy last month who found out he had $880k worth a master of Bitcoin?

Yep, hurts my ears when someone is trying to create these kinds of power structures with just silly talk =)

niothor

hero member

Activity: 826

Merit: 501

in defi we trust

Quote from: Rampion on November 21, 2013, 04:19:13 AM

Poor bears. Pockets full of fiat, feeling sad and lonely because the choo choo train is leaving them behind Cheesy

Just joking. Huge resistance at $650 on Stamp, BTC1,500 mini-wall (not so mini these days at the current exchange rate) not getting chewed.

For those who took profits in the $670-$700 range (Stamp) these were great moments. I personally managed to sell 10% of my stash at $675, re-bought at $420 and just sold again a few hours ago around $630. Let me add that it was mostly sheer luck, my intention was to just take profits and not to daytrade, but you cannot say no to such an opportunity Cheesy

Gotta love bitcoin....

So what happened to bitcoin must crash to 50-40 in order to fly to the sky? Cheesy

seanneko

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Activity: 196

Merit: 100

Quote from: gandhibt on November 21, 2013, 04:39:03 AM

One thing that I have to say when reading this "bitcoin online bar" is that if you have a lot of bitcoins it surely doesn't mean that you would know something more about trading than those who have fewer.

Couldn't agree more. Someone with lots of BTC claiming that they "know the market" better than anyone else just screams arrogance.

Was the guy last month who found out he had $880k worth a master of Bitcoin?

gandhibt

full member

Activity: 238

Merit: 100

Quote from: Rampion on November 21, 2013, 04:19:13 AM

Poor bears. Pockets full of fiat, feeling sad and lonely because the choo choo train is leaving them behind Cheesy

Just joking. Huge resistance at $650 on Stamp, BTC1,500 mini-wall (not so mini these days at the current exchange rate) not getting chewed.

For those who took profits in the $670-$700 range (Stamp) these were great moments. I personally managed to sell 10% of my stash at $675, re-bought at $420 and just sold again a few hours ago around $630. Let me add that it was mostly sheer luck, my intention was to just take profits and not to daytrade, but you cannot say no to such an opportunity Cheesy

Gotta love bitcoin....

I'm thinking you have something between 2000-5000 BTC? So that's nice win, feel good! =)

windjc

legendary

Activity: 2156

Merit: 1070

Quote from: Pruden on November 21, 2013, 04:47:52 AM

We are at 50% of the $900->$450 correction. Just like we were at $165 on the 24th of April, when the second bear run started. This is not over until we go above 700$.

I agree. However went (690) $245 above the low and $210 below the high. So a bit more than 50%.

PrymeTyme

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Activity: 183

Merit: 101

Quote from: Pruden on November 21, 2013, 04:47:52 AM

We are at 50% of the $900->$450 correction. Just like we were at $165 on the 24th of April, when the second bear run started. This is not over until we go above 700$.

actually 750 and 900 ...

Pruden

hero member

Activity: 496

Merit: 500

Spanish Bitcoin trader

We are at 50% of the $900->$450 correction. Just like we were at $165 on the 24th of April, when the second bear run started. This is not over until we go above 700$.

PrymeTyme

full member

Activity: 183

Merit: 101

Quote from: NewLiberty on November 21, 2013, 04:28:05 AM

Quote from: windjc on November 21, 2013, 03:58:12 AM

Oh boy, China is awakening and if Gox breaks through the $700 barrier, we will be getting VERY close to confirming no dead cat bounce.

Very interesting to see what happens here. Wall is building at $700 so I do not think this is going to be easy. How quickly we move through this resistance will let us ALOT about where and how fast we are going.

Back to the trend line... carry on.

Based on this chart , one thing is for sure , buying into weakness is the way to go !! Wink

just look at the high volume bars , all of them happen on declines (sell offs) but someone is holding the bag ! .. effort vs. result ?

this is grrrreat

maz

full member

Activity: 140

Merit: 100

Quote from: Nightowlace on November 20, 2013, 09:25:04 AM

This is why it is bad. Because the people investing in bubble rises are people who think they will get rich quick (99% of the population which is why lottery is the most profitable thing for states) and when "healthy corrections" happen it's devastating to the reputation to Bitcoin and the bigger they get and the harder they fall the more negative news and I promise you the 99% don't know, care or believe in BTC technology they believe in their dollar and you Bitcoin took it from them.

Then that's fine. These people epitomize greed, which is why bitcoin was invented, to release common people from the greed of bankers and their likes. Do I care that greedy people get burned on bitcoin's journey to becoming revolutionary? Not a bit.

Joenaes

newbie

Activity: 20

Merit: 0

Just saying:

Gox at $666, BtcChina at 4444CNY.

The end is near.

windjc

legendary

Activity: 2156

Merit: 1070

Quote from: rpietila on November 21, 2013, 04:43:41 AM

Quote from: neutrinox on November 21, 2013, 04:24:06 AM

Many people are modeling the current situation based on the April crash. That of course would make the current bounce a bull trap.

I think we need to remember that the situation is very very different at the moment. April was basically "okay, bitcoin just died" for many. This time I think pretty much everyone is confident that bitcoin is here to stay. Nobody is really scared that their bitcoins will suddenly become worthless. This wasn't the case after the April crash.

The question is not anymore "will bitcoin make it". Bitcoin has already made it. It has already become a massive success story.

This time it's different. This time, it's so different.

This time is different.

Everytime is a little bit different.

(p.s. I'm really not trying to antagonize you. I just disagree a lot with you today.)

rpietila

donator

Activity: 1722

Merit: 1036

Quote from: neutrinox on November 21, 2013, 04:24:06 AM

Many people are modeling the current situation based on the April crash. That of course would make the current bounce a bull trap.

I think we need to remember that the situation is very very different at the moment. April was basically "okay, bitcoin just died" for many. This time I think pretty much everyone is confident that bitcoin is here to stay. Nobody is really scared that their bitcoins will suddenly become worthless. This wasn't the case after the April crash.

The question is not anymore "will bitcoin make it". Bitcoin has already made it. It has already become a massive success story.

This time it's different. This time, it's so different.

gandhibt

full member

Activity: 238

Merit: 100

Quote from: windjc on November 21, 2013, 04:41:38 AM

Quote from: gandhibt on November 21, 2013, 04:39:03 AM

One thing that I have to say when reading this "bitcoin online bar" is that if you have a lot of bitcoins it surely doesn't mean that you would know something more about trading than those who have fewer. Somebody could have just bought when they were cheap and never traded or somebody could even traded few good trades with huge luck, but +10k BTC surely doesn't make you genius automatically...

BTW. seems so far a lot more like quick recovery from correction than big rebound from crash. As I said =D

Yeah, I am pretty sure this is a correction. A breather. If we go parabolic again in a few weeks its going to redefine epic.

It could form triangle and go little bit lower before breaking it up

windjc

legendary

Activity: 2156

Merit: 1070

Quote from: gandhibt on November 21, 2013, 04:39:03 AM

One thing that I have to say when reading this "bitcoin online bar" is that if you have a lot of bitcoins it surely doesn't mean that you would know something more about trading than those who have fewer. Somebody could have just bought when they were cheap and never traded or somebody could even traded few good trades with huge luck, but +10k BTC surely doesn't make you genius automatically...

BTW. seems so far a lot more like quick recovery from correction than big rebound from crash. As I said =D

Yeah, I am pretty sure this is a correction. A breather. If we go parabolic again in a few weeks its going to redefine epic.

gandhibt

full member

Activity: 238

Merit: 100

One thing that I have to say when reading this "bitcoin online bar" is that if you have a lot of bitcoins it surely doesn't mean that you would know something more about trading than those who have fewer. Somebody could have just bought when they were cheap and never traded or somebody could even traded few good trades with huge luck, but +10k BTC surely doesn't make you genius automatically...

BTW. seems so far a lot more like quick recovery from correction than big rebound from crash. As I said =D

EDIT. It could form that triangle and go little bit lower before breaking it up

NewLiberty

legendary

Activity: 1204

Merit: 1002

Gresham's Lawyer

Quote from: windjc on November 21, 2013, 03:58:12 AM

Oh boy, China is awakening and if Gox breaks through the $700 barrier, we will be getting VERY close to confirming no dead cat bounce.

Very interesting to see what happens here. Wall is building at $700 so I do not think this is going to be easy. How quickly we move through this resistance will let us ALOT about where and how fast we are going.

Back to the trend line... carry on.

neutrinox

full member

Activity: 182

Merit: 100

1MCKW9AkWj3aopC1aPegcZEf2fYNrhUQVf

Many people are modeling the current situation based on the April crash. That of course would make the current bounce a bull trap.

I think we need to remember that the situation is very very different at the moment. April was basically "okay, bitcoin just died" for many. This time I think pretty much everyone is confident that bitcoin is here to stay. Nobody is really scared that their bitcoins will suddenly become worthless. This wasn't the case after the April crash.

The question is not anymore "will bitcoin make it". Bitcoin has already made it. It has already become a massive success story.

Davyd05

hero member

Activity: 574

Merit: 500

Quote from: Erdogan on November 21, 2013, 04:21:28 AM

Quote from: Nightowlace on November 20, 2013, 09:25:04 AM

Quote from: Miz4r on November 20, 2013, 09:17:50 AM

Quote from: Nightowlace on November 20, 2013, 09:09:04 AM

Every time it's a bigger bubble, bigger losses, and more negative publicity. Which is why they won't buy in.
Which is why they will never buy. Which is why there will never be mass adoption. Which is why Bitcoin will never become all of the things we had hoped it would.

What are you talking about? The 2011 bubble was the biggest bubble of all and those who bought at the top would be sitting on huge profits right now. This drop from $900 to $453 is also peanuts compared to the crash in April, so the bubbles are only getting smaller and the losses as well. There is no such thing as negative publicity for bitcoin.

The only people who bought in 2011 are people who understand Bitcoin.
Again my point is take yourself to a normal person thinking strategy. Okay let me spell it out for you.
You now only have a high school diploma. You work at a factory, walmart, you're a waiter bartender whatever.
You have 3 kids, a tiny house, and a minivan.
You live paycheck to paycheck.
You took your savings ($10,000 or so) you put it into this Bitcoin thing.
Now you have $5000 worth of Bitcoin/savings.
You think they are still holding and hoping?
You think they haven't sold and are screaming and cryin at the top of their lungs I lost half of my life savings Bitcoin is the devil to everyone they know?

This is why it is bad. Because the people investing in bubble rises are people who think they will get rich quick (99% of the population which is why lottery is the most profitable thing for states) and when "healthy corrections" happen it's devastating to the reputation to Bitcoin and the bigger they get and the harder they fall the more negative news and I promise you the 99% don't know, care or believe in BTC technology they believe in their dollar and you Bitcoin took it from them.

So what?

First rule of investing.. don't invest what you can't lose...these people get little sympathy for panic sells. Not that I would wish panic sells on anyone.

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