Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 32115. (Read 26472474 times)
October 22, 2013, 10:44:36 AM
oups bear trap
October 22, 2013, 10:41:18 AM
Funny bears.
October 22, 2013, 10:40:29 AM
BUBBLE POPSSSS!
October 22, 2013, 10:39:16 AM
short the fuck out of it
October 22, 2013, 10:34:56 AM
great wall of china coming down.... barbarians are invading!
October 22, 2013, 10:28:07 AM
It's not Thursday. We can't crash yet.
October 22, 2013, 10:21:24 AM
Correction is underway in China, coming to Gox and Bitstamp now. Good better now than later, let's pick it back up at 170-180. 
October 22, 2013, 10:17:51 AM
I don't like this binary mentality some here seem to follow, that it's either "buy & hold forever" or "daytrade the tiniest of price swings". Non surprisingly, there is a middle ground.
Conservatively estimated, since (and including) the April 10 crash/correction, by my count there were about 8 opportunities to lock in a (btc) profit without having to watch each minimal fluctuation. What I mean is: there was ample opportunity to watch the price on a daily basis, and if you made the right call, profit a few days (or in some cases: weeks) later.
You can say that it's not worth the risk, that it's "safer" to just hold. However, that's a rather strange argument considering that absolutely everyone of us who invested in this experiment is participating in something extremely risky. The real question is, do you believe you can, profitably, trade the bigger swings, or do you think you're better of holding and trusting the long-term uptrend.
Both strategies are viable options, and I don't think there is an unconditional advice that can be given -- at the very least, the advice has to be made conditional on the risk profile of the market participant, the desired profits in relation to the starting capital, and, well, the trading "talent" of him or her.
Conservatively estimated, since (and including) the April 10 crash/correction, by my count there were about 8 opportunities to lock in a (btc) profit without having to watch each minimal fluctuation. What I mean is: there was ample opportunity to watch the price on a daily basis, and if you made the right call, profit a few days (or in some cases: weeks) later.
You can say that it's not worth the risk, that it's "safer" to just hold. However, that's a rather strange argument considering that absolutely everyone of us who invested in this experiment is participating in something extremely risky. The real question is, do you believe you can, profitably, trade the bigger swings, or do you think you're better of holding and trusting the long-term uptrend.
Both strategies are viable options, and I don't think there is an unconditional advice that can be given -- at the very least, the advice has to be made conditional on the risk profile of the market participant, the desired profits in relation to the starting capital, and, well, the trading "talent" of him or her.
October 22, 2013, 10:13:29 AM
October 22, 2013, 10:08:05 AM
Next major milestone would be 1000. 500 would be a minor milestone though. We're a good ways off. It may never be like the April rally again. That's neither a bad thing nor particularly lamentable. You only get one 16th birthday.
Yeah, but it's on your 21st birthday that you get wasted and make bad decisions. Buy this sucker up to $5000 you drunkards you!
October 22, 2013, 10:00:00 AM
As I said many times: buy and hold has historically been a winning strategy with BTC. Daytrading BTC is a huge risk, and IMO it should be done ONLY after an obvious bubble pop that leads to a bear market, as we had from mid April to July/August.
In my book this is a very bad time to daytrade, is time to hold like a motherfucker, as I've been saying since the beginning of July.
In my book this is a very bad time to daytrade, is time to hold like a motherfucker, as I've been saying since the beginning of July.
I also remember you saying I and other bulls were in denial and we would panic and capitulate soon when we sat around $70-80 in June/July. Turned out you were horribly wrong those days, I wonder how many people lost money listening to your bearish rants.
That was a bit earlier, but its true that many times my bearish calls were wrong. First (April, post-crash) I said the very bottom was already hit ($50) and that this was in no way like 2011, then I started to doubt about this and I wrote that we would probably go to $30. It turned out I was completely right in April, and completely wrong in May. Summing up, that was a bad call from my side for sure. Nevertheless, I missed the very bottom in the hope of doubling my coins, but we WERE in a bear market indeed, and those who sold at $125 in May (which is when I sold my coins, it's all on the forums) have bought for sure cheaper coins when we went again to $60/$70. I know I did, even if I was expecting them even cheaper. At the end of the day, I ended up with more coins I had pre-bubble - I didn't triple them, I didn't double them, but I increased them by a healthy 35%. I was up to 50% at some point, then sold at the very bottom in one occasion, fucking up, but you cannot be right 100% of the time.
What I feel sorry for is for those guys who had thousands of coins in 2011, and now they have only a few hundreds. What I guarantee you is that won't happen to me. I know very well what's my goal in this game: to end up with MORE btc I had. It's easy to make fiat profits with an asset that went from sub $1 to $266 in 3 years. Even a monkey can have fiat profits by trading such an asset. The difficult thing is to end up with MORE BTC in the process, and that's my only purpose.
October 22, 2013, 09:56:46 AM
I just hate this rise. Sold too many coins 
No trust anymore that it will go down again to $100. Maybe $130-$150 at best.
We are close to touching the old time high again. This is not 2011.
I'm eating my cake and it tastes like chit.
No trust anymore that it will go down again to $100. Maybe $130-$150 at best.We are close to touching the old time high again. This is not 2011.
I'm eating my cake and it tastes like chit.
Sorry to hear that.
I'm kind of nervous myself. I'm holding, all of it, waiting for the last moment to sell. I'd love to say "it looks like it's about to turn around", but in reality, I don't see any signs for that (likely to happen eventually) correction yet. Neither on stamp nor on gox. So, I'm holding.
Thanks so much Oda.
Yeah, I switched strategy to not sell anymore as it goes up. I felt it in my gut already when price moved back up from $65 to $100, as I was selling the buying was strong. I figured we just might have seen the low already and from here it's up but I didn't listen to my gut and continued to sell up to $130.
As I said many times: buy and hold has historically been a winning strategy with BTC. Daytrading BTC is a huge risk, and IMO it should be done ONLY after an obvious bubble pop that leads to a bear market, as we had from mid April to July/August.
In my book this is a very bad time to daytrade, is time to hold like a motherfucker, as I've been saying since the beginning of July. You made fun of me because of a trolly post I wrote at the beginning of April in which I suggested to a guy to hold to his BTC if he invested what he could afford to lose and didn't want to miss the opportunity of his life. I again stand correct on that post. I don't believe in risk management with BTC, I think the bigger risk is to lose a once in a lifetime opportunity to be really "all set", and the potential with BTC is so high that you don't need to invest a significant % of your wealth, by investing what you can comfortably afford to lose your life can change for real, very soon.
We are all still early adopters, even the guy buying today for the first time, but the window is starting to close, slowly. When it closes for good, it would be sudden. We are approaching ATH, and we all know what happens when we break ATH, right? Huge media exposure and back to bubble mode, and this time $1,000 will be broken in less time you need to blink your eye. What if a BTC ETF is approved by the SEC? You can image.
Sure, secure your profits. I guess that everybody who has been into Bitcoin at least for 1 year has recouped their investment and secured profits at some point. That's the sensible thing to do. But don't fuck up by daytrading when the bear market is over, now it's time to ride the choo choo train. Yeah, crashes will follow parabolic rallies, but will you be able to time that? Be careful, in this game the one with more BTC in his wallet is the one winning.
This + choo choo!
+1
and also:
October 22, 2013, 09:55:42 AM
200!
I had to go to bed. Did bitcoinity do anything special?
October 22, 2013, 09:53:14 AM
As I said many times: buy and hold has historically been a winning strategy with BTC. Daytrading BTC is a huge risk, and IMO it should be done ONLY after an obvious bubble pop that leads to a bear market, as we had from mid April to July/August.
In my book this is a very bad time to daytrade, is time to hold like a motherfucker, as I've been saying since the beginning of July.
In my book this is a very bad time to daytrade, is time to hold like a motherfucker, as I've been saying since the beginning of July.
I also remember you saying I and other bulls were in denial and we would panic and capitulate soon when we sat around $70-80 in June/July. Turned out you were horribly wrong those days, I wonder how many people lost money listening to your bearish rants.
October 22, 2013, 09:52:35 AM
You made fun of me because of a trolly post I wrote at the beginning of April in which I suggested to a guy to hold to his BTC if he invested what he could afford to lose and didn't want to miss the opportunity of his life. I again stand correct on that post.
I did not make fun of you. I called you out on you making fun of him. I also called you out on a bad call you made. The current price being $200 or even $1000 does not turn your past short term bad calls into good ones.
We already discussed that in your thread, all has been already said. First, mine was a "trolly" post, not serious analysis. Second, I stand correct in what I told to that guy. I'm quoting that post below, that was NOT a short-term call. That was a GENERAL ADVICE, in which I still believe. Again:
I'm considering selling all of mine at the market price of $175, and waiting to see what happens next. Its so hard to decide lol. What if it hits $200? etc.
You are in BTC because of fiat profits? SELL SELL SELL
You are in BTC because of freedom? HOLD HOLD HOLD
Every BTC sold goes from weak hands to stronger hands. Just do it!
Yep, it's a trolly post. But I still believe in what I said. If you want to secure fiat profits, just SELL - I've bought my BTC when they costed around $10 - this can be a perfect time to secure profits. If you are in BTC because you want to be FREE in the future, because you want your life TO CHANGE FOR GOOD - then just hold like a motherfucker - which is what I've been doing for a few months now.
And BTW: price did HIT $200, which is what "The Mafia" was worried about. He said specifically: what if it hits $200?. That was worrying him. Well, in fact the price DID HIT $200 shortly after his post, so I really don't see how that is such a bad call. Sure, then we had a crash... And soon we will be going to the moon. Do you see any timeframe in my post? I'm just a little bitter by the fact that you opened a post just to bash me and that you chose bad examples - I've made much worst call linked to specific timeframes in the past... But again, this was already discussed.
Enjoy the ride, and I hope that you have now much more BTC than when you started buying them. That's the loss nobody can afford to have: to have less and less BTC. That's the opportunity nobody should miss in my book.
October 22, 2013, 09:50:50 AM
Much less hype than last time we approached 200. Are we that far from the top?
Relatively speaking, were much further along. Then we were heading up from $10-$30 on a long climb. Crossing 100 was a big milestone also.
After 267, what's the next milestone in your book? $500? $1000? I feel like we are very far from maintaining those numbers.
Next major milestone would be 1000. 500 would be a minor milestone though. We're a good ways off. It may never be like the April rally again. That's neither a bad thing nor particularly lamentable. You only get one 16th birthday.
October 22, 2013, 09:47:37 AM
Good Morning USA, I got a feeling that it's gonna be a wonderful day
The sun in the sky has a smile on his face and it's shining to salute to the American race.
Oh boy, it's well to say: "Good Morning USA."
The sun in the sky has a smile on his face and it's shining to salute to the American race.
Oh boy, it's well to say: "Good Morning USA."
"It's morning again in America, and under the leadership of Satoshi, our country is prouder and stronger and better. Why would we ever want to return to where we were less than four short years ago?"
October 22, 2013, 09:33:04 AM
Someone asked about good btcchina ticker and I might have found it, there's alarm also! http://bitcointicker.co/
Or just use bitcoinity.org
October 22, 2013, 09:25:27 AM
Now less than 5% spread between gox and stamp. WTF?
If some people are slowly starting to get "fast" withdrawals from gox and thus be given the opportunity to arbitrate, then they will be keeping it to themselves to maximize their profit. That's what I'd do anyway. Not sure if that would explain such reduction in the gap though.
sr. member
Activity: 294
Merit: 250
This bull will try to shake you off. Hold tight!
October 22, 2013, 09:24:04 AM
You made fun of me because of a trolly post I wrote at the beginning of April in which I suggested to a guy to hold to his BTC if he invested what he could afford to lose and didn't want to miss the opportunity of his life. I again stand correct on that post.
I did not make fun of you. I called you out on you making fun of him. I also called you out on a bad call you made. The current price being $200 or even $1000 does not turn your past short term bad calls into good ones.
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