Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 31947.

dwdoc

legendary

Activity: 966

Merit: 1000

- - -Caveat Aleo- - -

Quote from: BitThink on November 18, 2013, 03:33:31 AM

Quote from: ardana123 on November 18, 2013, 03:32:03 AM

Quote from: dwdoc on November 18, 2013, 03:24:52 AM

Quote from: ardana123 on November 18, 2013, 03:19:53 AM

Why are the USD exchanges not following China? ^^

China exchange has a coin shortage.

What happens if they run out?

It's an exchange, not a store to buy BTC. So short of coin means no one want to sell at current price. Seems only around 1000 BTC in the ask side.

I suppose if there were all buyers and no registered sellers on an exchange and the buyers placed all their coins in cold storage the exchange could run out of coins the same way bitstamp seems to have run short of fiat.

thetopham

newbie

Activity: 56

Merit: 0

Quote from: Zangelbert Bingledack on November 18, 2013, 03:36:14 AM

Quote from: luis77 on November 18, 2013, 02:58:25 AM

long term its better but i think its not bad daytrading days like today with high volatility

Not if you're a beginner(!!!)

Not even if you're an expert, unless you're exceptional. These boards are littered with the bodies of day traders who thought they could out-think the market. Some of them were very, very smart with decades of investment experience, fluents in many kinds of technical analysis. I notice the buy-and-holders are still here, whereas each monthly generation of traders has come and gone.

Luckily for you, buy and hold is also the easiest strategy for the beginner, in addition to being the most profitable. We may well crash fairly soon so now is not the best time to buy, but as rpietila said if you're still accumulating it doesn't matter much. Don't be a pig, just get in.

Here's a handy strategy guide for how to invest in Bitcoin, if you ever get stuck.

Thank you for this!

Zangelbert Bingledack

legendary

Activity: 1036

Merit: 1000

Quote from: adamstgBit on November 18, 2013, 03:31:53 AM

i missed a few hours of fun.

I almost got divorced tonight almost! my life is really crazy these days.
unbelievable shit.
bitcoin prices moving like this has is not helping! can't sleep, super thrilled one min, then life reminds you that money really doesn't buy happiness.

Shit man, that sucks. Bitcoin can really take you away from friends and family. That means you should probably reduce the size of your position in Bitcoin and increase the size of your position in her Wink

Shermo

sr. member

Activity: 272

Merit: 250

Did anyone see the cookie monster picture on bitcoinity when the price hit $600? Nearly choked on my breakfast when I saw that! Cheesy

I am moving my stash to a paper wallet and locking it away in my fire safe and hiding the key somewhere awkward for me to get to and then sitting on my hands, I think the next few months are going to be crazy and the best thing to do whilst it shoots up and possibly tumbles back down a few times is to just sit tight and hold! I've already sold too many and now I just need to hold tight with what I have left.

el_rlee

legendary

Activity: 1600

Merit: 1014

Quote from: rpietila on November 18, 2013, 03:32:43 AM

Quote from: luis77 on November 18, 2013, 03:22:01 AM

I dont know anything about trading, just some month studing it for btc, i suppossed it was easier to predict a crash but I now know its not :-). most of you didnt sold on april??

Typical wannabe smart traders sold in February, held in March, bought in early April, held during May and June, even during July drop, and sold in September. Bought back in October, are now holding or perhaps already sold. Losing in every stage. No plan whatsoever.

If we take the population who had any bitcoins in the beginning of 2013, do you honestly think many of them have more bitcoins now? The oldtimers can remember what was their greatest number of bitcoins, and how many they have now. Not many can increase their stash, except by buying and refusing to sell. That way it is slow, but actually very easy

Didn't you sell yourself some time ago?

luis77

full member

Activity: 179

Merit: 100

Quote from: rpietila on November 18, 2013, 03:32:43 AM

Quote from: luis77 on November 18, 2013, 03:22:01 AM

I dont know anything about trading, just some month studing it for btc, i suppossed it was easier to predict a crash but I now know its not :-). most of you didnt sold on april??

Typical wannabe smart traders sold in February, held in March, bought in early April, held during May and June, even during July drop, and sold in September. Bought back in October, are now holding or perhaps already sold. Losing in every stage. No plan whatsoever.

If we take the population who had any bitcoins in the beginning of 2013, do you honestly think many of them have more bitcoins now? The oldtimers can remember what was their greatest number of bitcoins, and how many they have now. Not many can increase their stash, except by buying and refusing to sell. That way it is slow, but actually very easy

Yes probably not, this currency is insane :-)

BitThink

legendary

Activity: 882

Merit: 1000

Currently, BTC transaction takes much longer (it shows 2 hours in blockchain.info) than fiat transferring. Ironic.

EDIT: seems the prediction of blockchain.info is far from accurate.

wildbud

sr. member

Activity: 280

Merit: 250

Quote from: Zangelbert Bingledack on November 18, 2013, 03:36:14 AM

Quote from: luis77 on November 18, 2013, 02:58:25 AM

long term its better but i think its not bad daytrading days like today with high volatility

Not if you're a beginner(!!!)

Not even if you're an expert, unless you're exceptional. These boards are littered with the bodies of day traders who thought they could out-think the market. Some of them were very, very smart with decades of investment experience, fluents in many kinds of technical analysis. I notice the buy-and-holders are still here, whereas each monthly generation of traders has come and gone.

Luckily for you, buy and hold is also the easiest strategy for the beginner, in addition to being the most profitable. We may well crash fairly soon so now is not the best time to buy, but as rpietila said if you're still accumulating it doesn't matter much. Don't be a pig, just get in.

Here's a handy strategy guide for how to invest in Bitcoin, if you ever get stuck.

And I bought back in lol thanks for the inspiration.

Zangelbert Bingledack

legendary

Activity: 1036

Merit: 1000

Quote from: luis77 on November 18, 2013, 02:58:25 AM

long term its better but i think its not bad daytrading days like today with high volatility

Not if you're a beginner(!!!)

Not even if you're an expert, unless you're exceptional. These boards are littered with the bodies of day traders who thought they could out-think the market. Some of them were very, very smart with decades of investment experience, fluents in many kinds of technical analysis. I notice the buy-and-holders are still here, whereas each monthly generation of traders has come and gone.

Luckily for you, buy and hold is also the easiest strategy for the beginner, in addition to being the most profitable. We may well crash fairly soon so now is not the best time to buy, but as rpietila said if you're still accumulating it doesn't matter much. Don't be a pig, just get in.

Here's a handy strategy guide for how to invest in Bitcoin, if you ever get stuck.

dwdoc

legendary

Activity: 966

Merit: 1000

- - -Caveat Aleo- - -

Quote from: ardana123 on November 18, 2013, 03:32:03 AM

Quote from: dwdoc on November 18, 2013, 03:24:52 AM

Quote from: ardana123 on November 18, 2013, 03:19:53 AM

Why are the USD exchanges not following China? ^^

China exchange has a coin shortage.

What happens if they run out?

justusranvier

legendary

Activity: 1400

Merit: 1013

Just remember no matter how badly you trade, at least you're not this guy (remember him?): http://www.youtube.com/watch?v=S3xhyj-e0Kk

BitThink

legendary

Activity: 882

Merit: 1000

Quote from: ardana123 on November 18, 2013, 03:32:03 AM

Quote from: dwdoc on November 18, 2013, 03:24:52 AM

Quote from: ardana123 on November 18, 2013, 03:19:53 AM

Why are the USD exchanges not following China? ^^

China exchange has a coin shortage.

What happens if they run out?

It's an exchange, not a store to buy BTC. So short of coin means no one want to sell at current price. Seems only around 1000 BTC in the ask side.

rpietila

donator

Activity: 1722

Merit: 1036

Quote from: luis77 on November 18, 2013, 03:22:01 AM

I dont know anything about trading, just some month studing it for btc, i suppossed it was easier to predict a crash but I now know its not :-). most of you didnt sold on april??

Typical wannabe smart traders sold in February, held in March, bought in early April, held during May and June, even during July drop, and sold in September. Bought back in October, are now holding or perhaps already sold. Losing in every stage. No plan whatsoever.

If we take the population who had any bitcoins in the beginning of 2013, do you honestly think many of them have more bitcoins now? The oldtimers can remember what was their greatest number of bitcoins, and how many they have now. Not many can increase their stash, except by buying and refusing to sell. That way it is slow, but actually very easy

wildbud

sr. member

Activity: 280

Merit: 250

Can this really keep going up at this rate? I just sold 1/3 of my coins at 607

seanneko

full member

Activity: 196

Merit: 100

Even though I'm 100% bullish, I think for the rest of tonight I'm a bear. The growth over the last 24 hours has been insane.

I'm holding on anyway. Paper wallets in a locked safe ftw ^_^

ardana123

hero member

Activity: 504

Merit: 500

Quote from: dwdoc on November 18, 2013, 03:24:52 AM

Quote from: ardana123 on November 18, 2013, 03:19:53 AM

Why are the USD exchanges not following China? ^^

China exchange has a coin shortage.

What happens if they run out?

adamstgBit

legendary

Activity: 1904

Merit: 1037

Trusted Bitcoiner

i missed a few hours of fun.

I almost got divorced tonight almost! my life is really crazy these days.
unbelievable shit.
bitcoin prices moving like this has is not helping! can't sleep, super thrilled one min, then life reminds you that money really doesn't buy happiness.

ahhh its 3;30am

lol

keep it real.

thetopham

newbie

Activity: 56

Merit: 0

Quote from: thoughtfan on November 18, 2013, 03:26:50 AM

Quote from: thetopham on November 18, 2013, 03:24:44 AM

that was scary

If that was scary may I suggest maybe you have too much at stake?!

nope not at all, I'm the smallest fish in town I only have 1 coin

don't have a lot of money

Pzeudonym

newbie

Activity: 27

Merit: 0

What exactly happened? Couldn't even reconstruct the screenshot with my own Bitcoinity view.

edit: ah I found it.

thoughtfan

hero member

Activity: 784

Merit: 506

Quote from: thetopham on November 18, 2013, 03:24:44 AM

that was scary

If that was scary may I suggest maybe you have too much at stake?!

Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 31947. (Read 26608259 times)