Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 31779. (Read 26609062 times)

We could still be in the downwards channel, but support for this price is looking very bullish.

goxbux vs bitcoin

sea shells VS gold

paper money VS bitcoin

DAFUQ just happened on gox?  2022 BTC buy in 47 seconds shooting price to 605...and there it goes again!!!

Time for some volatility.

this is the part were bears place walls( instead of panic sell ) price falls slowly and the KABOOM we hit bottom and EVERYONE knows it  

bitcoin's value, has been and always will be, the same, 21 million BTC

... before you can call his wavefunction entangled?

How many roads must a man walk down?

Exactly! Hi, Nightowlace. I sense your frustration, and I understand that the comments, and the big price swings can make it seem like everyone is both 1) and Asshole, and 2) is making money constantly. I don't think that's the case here. Rather, we are mostly here (IMO) because we understand that the current banking system is broken, and cryptos offer a way to: 1) increase efficiency in that system (it is *OUR* system, ya know-- its *OUR* money); and, 2) get the banksters away from fucking up the entire universe by over-capitalizing the world... you know, taking pensions from everyone, eating up good companies just so that can buy and chop and resell the financial parts of it, etc etc etc.

If you want to get a historical perspective, why not start looking at how P2P is revolutionizing the post-industrial world (to me, the *most* fascinating part of our current history)?

Rabbit is right, Bitcoin is not just some company, its the poster child for cryptos, which *will* become a mainstay of a great multitude (actually, *all* if you go far enough forward) of financial transactions: from micropayments, consumer transactions, remittances, domestic and international commerce, and government funds. Yeah, there will be others. But right now, the first baby (you know, the one that was borne of mama internet and daddy money!??) just came out of mama, and its *not* blue. In fact, it just cried when it went to the Senate yesterday! You know what that means!??! It's ALIVE!

So, do I think that's worth more than $150 bucks!? You decide. A baby today, tomorrow, the whole world.

Excellent, and might I add, bravo? I was imagining big money, and wondering why you'd be here if you're involved by diversifying risk across tranches where securities are the most junior category (here, I'm thinking, well if that's so, then WTF is BTC? (junior baby), and how are you absorbing that risk into your management, are you GS!? or JPM or do you work at one of those or... or...)

Lastly, in the agricultural market, always insure non-defaulted SPVs. Thank you  

It seems like your $150 valuation is pure fantasy as well. It is magic internet money, why should it be worth even $1 until someone has built an exchange that does screw up like gox? Or until we can use it as money with virtually no volatility?

We're buying for the future. If 50 years from now it's the backbone of the finacial system and worth a million dollars each, then yeah, $600 bitcoin today is a pretty darn good investment. Not to mention, we buy it today at the price of today to give early adopters who are also often the people building things, more capital to invest into their projects.

I do not think that "risk management" strategies are sound for BTC. In my book the only way to go is the following:

Invest in BTC an amount you are ready to lose

Don't forget to realize some fiat profits, because unrealized profits = non-existent profits.

Practical example:

Somebody that invested in January this year has already a 50x unrealized profit. Wise thing in my book would be to sell at least 10% of the BTC, cashing in a healthy 5x profit on the initial investment, while keeping 90% of the BTC for the next cycle.

I'm using this strategy myself, with a clear exit plan I tend to follow strictly. I was lucky because I managed to reach x100 in the last run-up (BTC doubled 3 times in 4 weeks), but I would have cashed out even at x50.

The point is that it could be after the pop of the bubble, and that's one of the worst case scenario to look out for. I do not know the future, but I can make educated guesses. I would never recommend shorting Bitcoin or playing with margin at all. Guard yourself.

Furthermore, I became bearish long before the low of 66. I was wrong because I didn't think it would end up a triangle with a higher low. Also, I do like to troll here even if I am serious sometimes. It's fun posting overly dramatic stuff.

I wonder how much impact coinbase has on price?   If they keep getting capped
and they are the "easiest" way to buy bitcoins in the US would this be part of the
reason why we had softness?

Can't help but notice that a lot of deflating started to occur with coinbase no longer
able to sell coin.

Because at this point there are a lot of exciting projects in the works for BTC. Key word in the works. One ATM and a letter from Bernake saying BTC is legit and we can't really regulate it doesn't make it worth $600. I am willing to place a value on the speculation of what could happen but until it does it's not.

Look at it this way; If I asked you to invest in my company that had some great projects in the works that will make us billions would you give me a billion dollar valuation right away or would you want to come in at a more sensible valuation because we are so early on? You're not going to make an investment based on what it could be, you will invest on what it is.

Maybe http://phrasegenerator.com/finance can help you further. 

i do not feel comfortable with all this dirty fiat, please everyone sell now so i can buy back already.

Oh you're right, nice one!
With all that, if you manage to lock all 9 chevrons on the Parabolic SAR you're good to go for interstellar prices!