Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 31817.

haightst

newbie

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Quote from: Miz4r on November 20, 2013, 12:07:54 PM

Quote from: rpietila on November 20, 2013, 11:58:32 AM

A bull is a person who does not hold fiat.

A bear is a person who holds at least some fiat and wants to return to BTC.

As you can see, I am now a bear. But almost everybody else are bulls. What this means is that you do not have the means to influence price to the upside. Only we do. But we are very few. Also the newbies do. But will they really buy in this kind of situation?

Everyone else are bulls? The bears are all over this forum today predicting their doom and gloom, even Blitz turned bear and is preaching 2011 all over again. Tongue

~~~i'm a /\sharky i will devour anything in my path! Cool

chomp chomp

derpinheimer

legendary

Activity: 896

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Quote from: ardana123 on November 20, 2013, 12:25:52 PM

China doesn't like this rise.

Theyre still almost $700.. lol

Richy_T

legendary

Activity: 2674

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1RichyTrEwPYjZSeAYxeiFBNnKC9UjC5k

Quote from: Spaceman_Spiff on November 20, 2013, 10:26:19 AM

Quote from: Richy_T on November 20, 2013, 10:25:05 AM

Exchanges are obsolete. They're just trading on inertia.

Care to explain?

All you need is Bitcoin Cheesy

adamstgBit

legendary

Activity: 1904

Merit: 1037

Trusted Bitcoiner

Quote from: ardana123 on November 20, 2013, 12:25:52 PM

China doesn't like this rise.

China is the cause of this rise!

look they are trying to bottom

ardana123

hero member

Activity: 504

Merit: 500

China doesn't like this rise.

miningnew

hero member

Activity: 854

Merit: 501

Quote from: adamstgBit on November 20, 2013, 12:20:28 PM

Quote from: Joenaes on November 20, 2013, 12:18:38 PM

This bull trap? is lasting longer than I thought. I dont like it, im still in dirty fiat Sad

ya me too...

but #1 golden rule of trading, stick to your trade.

either way i make money so who cares.

Same here Come on pop already i am thincking about buying back with loss ;(

micalith

hero member

Activity: 894

Merit: 501

so the exchanges are gradually finding prices that are closer to one another. This means the west having this rise, and China kind of staying put. It does make the china market look like it's having a nice healthy stay at what might be its 'bottom', contrasting the west's apparent premature rise . . .

CryptStorm

full member

Activity: 126

Merit: 100

Quote from: N12 on November 20, 2013, 10:27:07 AM

Quote from: CryptStorm on November 20, 2013, 10:12:18 AM

+1
I, for one, gotta say thanks for this comment, Blitz. I'm new to this forum but really appreciate your comments here-- I know that I certainly have ridiculously risky appetite, despite a fairly good knowledge (for a non-pro trader) of position sizing and risk allocation. Do I properly size my positions, do I use a trailing stop, do I take profits appropriately, and cut losses every time? Certainly, I feel like these are my weakest areas. Finding BTC is probably the hard part. Now that I'm here, I should really exert those controls and be patient.

Do you have any more suggestions on/about BTC risk management? (excuse me, as I haven't read back through the last 20 pps)

Cheers!

If you want to be serious and have the time to dedicate, IMO it's the best thing to learn technical analysis. I've learnt a lot from waveaddict (whom I still subscribe to) and in the beginning S3052. Here is a good free source to start out: http://www.babypips.com/school

Otherwise, I would simply hold BTC if I really saw much potential left until a bubble happens and bursts, which is the optimal time to diversify. If things look good after a few months and it isn't in a severe downtrend, it is probably. In case you haven't bought yet but would like to do so, I agree the best one can to is dollar cost averaging. Allocate money you want in BTC and set an interval you regularly buy at.

If Bitcoin is to rule the world, both approaches will work very well.

Maybe this can help you too if you think you can quantify a few things: http://www.investopedia.com/terms/k/kellycriterion.asp

This does help-- thanks a bunch.

adamstgBit

legendary

Activity: 1904

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Trusted Bitcoiner

Quote from: Joenaes on November 20, 2013, 12:18:38 PM

This bull trap? is lasting longer than I thought. I dont like it, im still in dirty fiat Sad

ya me too...

but #1 golden rule of trading, stick to your trade.

either way i make money so who cares.

derpinheimer

legendary

Activity: 896

Merit: 1000

Quote from: Joenaes on November 20, 2013, 12:18:38 PM

This bull trap? is lasting longer than I thought. I dont like it, im still in dirty fiat Sad

Lol

One more 10k dump and its definitely going to pop. If no big dumps come then who the hell knows.

Pruden

hero member

Activity: 496

Merit: 500

Spanish Bitcoin trader

Quote from: fluidjax on November 20, 2013, 12:17:32 PM

That was a huge amount of interest in Bitcoin on Reddit and Wiki yesterday compared to previous days/weeks.

http://www.reddit.com/r/bitcoin/about/traffic

There must be a lot of money 'in transit' to the exchanges.
I'm not so sure this bubble is ready for popping just yet..

What if they decide to wait out this crashcorrection, making it become a full bear market?

Joenaes

newbie

Activity: 20

Merit: 0

This bull trap? is lasting longer than I thought. I dont like it, im still in dirty fiat Sad

fluidjax

hero member

Activity: 750

Merit: 601

That was a huge amount of interest in Bitcoin on Reddit and Wiki yesterday compared to previous days/weeks.

http://www.reddit.com/r/bitcoin/about/traffic

There must be a lot of money 'in transit' to the exchanges.
I'm not so sure this bubble is ready for popping just yet..

Richy_T

legendary

Activity: 2674

Merit: 2373

1RichyTrEwPYjZSeAYxeiFBNnKC9UjC5k

Quote from: Nightowlace on November 20, 2013, 09:16:20 AM

I've used this analogy before;

Go to walmart explain Bitcoin to the employees and shoppers.
Report results.
Then tell them I know I told you to buy in at $800 and we are currently at $453 but it will be okay. This is a healthy correction.
Report results. ...... That is if your not hog tied in someone's garage with a shotgun to your head and some guy yelling "boy, you told me to buy this god damn internet money and you host me half my life savings"

Why the heck were you telling them to buy in at 800?

The kind of people who rush to buy when the price is skyrocketing are the kind of people who rush to sell when the price drops a little, accelerating the trend are the type of people who cry about it afterwards. All they do is feed the manipulators and contribute to crazy volatility. Screw em.

Cool heads, strong hands is what Bitcoin needs and what will get us to the "true" stable price.

bnjmnkent

full member

Activity: 196

Merit: 100

Quote from: Vycid on November 20, 2013, 10:57:53 AM

Quote from: FCTaiChi on November 20, 2013, 10:54:52 AM

Quote from: Drabla on November 20, 2013, 10:26:50 AM

Quote

...

And solve everything for 42

How many roads must a man walk down?

... before you can call his wavefunction entangled?

Posts like this remind me, why I got here.
Please pm me from time to time

kromer

member

Activity: 86

Merit: 16

Quote from: Nemesis on November 20, 2013, 12:52:22 AM

Noobs.... Turn off your computer go to bed, wake up the next morning and thank me later.

Was about to sell until I saw this. I just woke up. Thank you.

Carra23

legendary

Activity: 980

Merit: 1000

Need a campaign manager? PM me

Quote from: Nemesis on November 20, 2013, 12:06:01 PM

Quote from: adamstgBit on November 20, 2013, 12:03:23 PM

Quote from: Parazyd on November 20, 2013, 11:59:51 AM

@rpietila: Expecting below $500?

rpietila thinkings everyone will dump all their coins at once. bahahahaha

10K BTC can be sold off in a few days without effecting price all that much.

No body dump a large amount like that to "cash out"

Its a manipulating move. Here is the strategy, they want to cash out 15-20% of their 10k. They dump all 10k to trigger a bear market. Then buy back the 80-85% of their fund, turn the market over to bullish trend. Doing this increase both their fiat and btc holding.

This is why they are the market maker.

Is that what you did?

Miz4r

legendary

Activity: 1246

Merit: 1000

Quote from: rpietila on November 20, 2013, 11:58:32 AM

A bull is a person who does not hold fiat.

A bear is a person who holds at least some fiat and wants to return to BTC.

As you can see, I am now a bear. But almost everybody else are bulls. What this means is that you do not have the means to influence price to the upside. Only we do. But we are very few. Also the newbies do. But will they really buy in this kind of situation?

Everyone else are bulls? The bears are all over this forum today predicting their doom and gloom, even Blitz turned bear and is preaching 2011 all over again. Tongue

jojo69

legendary

Activity: 3388

Merit: 4775

diamond-handed zealot

morning guys, where are we

hmmm did not get filled at 325

600 and trending up...boooooring

CryptStorm

full member

Activity: 126

Merit: 100

Quote from: Nightowlace on November 20, 2013, 11:12:41 AM

Listen I understand Bitcoin. I love the innovation and technology. I am not a super trader or a computer genius. I've never claimed to be. I am a regular guy. I know a lot of regular guys. What gets me down is the fact that we all knew a huge drop in price was coming because it's par for the course. What else gets me down is the fact that every time the "regular" people I know start talking about it again we crash and they can't get away from it fast enough.

Even my accountant said "well it would have been a good investment if you bought in 2011" maybe I need a new accountant but still someone as educated as he is should have some concept of why Bitcoin is a good investment and even he doesn't feel that way because of the swings.

I hear ya, ever feel like you're the only guy wearing a tin foil hat!?

Did you watch the Senate hearings? Those will make anyone feel good about where we're headed.

There's a link somewhere.

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