I love the positive attitudes, but I gotta be real honest here.. so much talk about giving BTC away WHEN we hit some future ATH number... How many times have I heard that already?
If you were not giving them away when the price was $30 or $120 or even now at $350, you will certainly NOT give them away at 10k.
If you are truly in the business of disruption, the time is now. Not when we are all rich.
If there is a battle for disruption between Hoarding vs Spending, SPENDING will be more disruptive 99 times out of 100.
Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 32188. (Read 26709827 times)
November 08, 2013, 03:03:45 PM
November 08, 2013, 03:02:27 PM
I have an interesting decision to make. I'll not be able to trade over the week-end, and probably for the whole next week.
Most of the coins were moved to a cold wallet.
Now, what to do with the rest...
Initially I planned to sell all and place scattered buy orders from below 250 and down to 150 with 3-5 dollar distance, and see which of them would get filled during my absence.
Looking at the latest development and extrapolating what happened in April, I am starting to get inclined to do the opposite: place scattered sell orders from 350 and up to 600, and hope that the top will not arrive before that, to subsequently re-buy at the new level, which I think will be around 400 (+/-100).
Any input from the experts?
Most of the coins were moved to a cold wallet.
Now, what to do with the rest...
Initially I planned to sell all and place scattered buy orders from below 250 and down to 150 with 3-5 dollar distance, and see which of them would get filled during my absence.
Looking at the latest development and extrapolating what happened in April, I am starting to get inclined to do the opposite: place scattered sell orders from 350 and up to 600, and hope that the top will not arrive before that, to subsequently re-buy at the new level, which I think will be around 400 (+/-100).
Any input from the experts?
You could always donate them to me! ;-) It would sure help my .19 BTC wallet expand slightly...
That's not what I had in mind.
I went for the latter option, which almost surely means that a big crash is incoming (the market always does the opposite of my plans)
) 
November 08, 2013, 03:01:42 PM
November 08, 2013, 03:00:16 PM
I was kidding, it was a nod to proudhon.
I'm of the opinion that next bear market will be the most devastating and the longest one so far (worse than 2011) because everyone is caught up in the belief that if only they hold long enough, they cannot possibly lose out on BTC, no matter their entry price. Every dip is a buying opportunity etc.
Furthermore, the current bubble developed very quickly after only 7 months between former alltime high. So, it's a bubble on top of a bubble in the same year.
We can talk about that once we actually top out. So far, we haven't even doubled from the 266 high.
I'm of the opinion that next bear market will be the most devastating and the longest one so far (worse than 2011) because everyone is caught up in the belief that if only they hold long enough, they cannot possibly lose out on BTC, no matter their entry price. Every dip is a buying opportunity etc.
Furthermore, the current bubble developed very quickly after only 7 months between former alltime high. So, it's a bubble on top of a bubble in the same year.
We can talk about that once we actually top out. So far, we haven't even doubled from the 266 high.
Lets get some terminology settled. A bubble is part of the hype cycle and is applicable here but overall insignificant. When in Bitcoin history it is growing at a steady rate. This growth is exponential and may or may not be a bubble. But the ups and downs are just noise.
What you refer to as a bubble is actually a run on the bank (people panicking looking to withdraw and see what is backing Bitcoin)
Bitcoin has had 7 such runs, 5 significant one's and 2 during run between peeks June 2011 and April 2013. What we can see is Bitcoin is more resilient than both free bank's and those backed by a central bank. (Bitcoin has not gone bankrupt)
The average time between each run on the "bank" is prolonged by over enthusiasm. (That enthusiasm is existing depositors re-depositing a false feedback loop)
There was a bubble in 2011 as the growth when viewed on the log scale shows. April 2013 is not. It is my opinion, that we should see a growth spurt every 6 months until the next order of magnitude, followed by a bank run from the unfaithful. (The less narcissistic the investment the more sustainable the growth) -
Typically Adams investing style grows Bitcoin the fastest.
November 08, 2013, 02:59:37 PM
Some minds broke when they are opened with force (shrooms). Better to start with cannabis and then go for small trips with shrooms, when you can handle high. Disclaimer: I don't recommend any other "drugs".
November 08, 2013, 02:54:45 PM
They are not for everyone. Mostly cause the world is pretty sick and being shown truths can fracture a stiff mind.
But generally, for thousands of years, they have proven to be healing (psychedelic plants).
Ayahuasca for instance has healed sooooo many people. The list goes on.
November 08, 2013, 02:52:37 PM
RE: And the Universe just loves those that take chances on life. It opens doors for you. (Think Terrence McKenna said something like that before.)
((((((((((((((((CLICK))))))))))))))))))
vvvvvvvvvvvvvvvvvvvvvvvvvvvvvv
Terrence Rocked!
Really missed and was and continues to be a great teacher.
((((((((((((((((CLICK))))))))))))))))))
vvvvvvvvvvvvvvvvvvvvvvvvvvvvvv
Terrence Rocked!
Really missed and was and continues to be a great teacher.
November 08, 2013, 02:52:01 PM
re:
Also, they can fuck up your brain...
((((((((((IF I ONLY HAD ONE!!!!!)))))))))
~vvvvvvvvvvvv*click*vvvvvvvvvvvvvv~
http://www.newscientist.com/blogs/onepercent/Bitcoin-coin2.jpg
BTC 1LxijWAttCku1LuZ3rajP3W6m8xpnTBQhD
^^^^MANY THANKS!!!!
Also, they can fuck up your brain...
((((((((((IF I ONLY HAD ONE!!!!!)))))))))
~vvvvvvvvvvvv*click*vvvvvvvvvvvvvv~
http://www.newscientist.com/blogs/onepercent/Bitcoin-coin2.jpg
BTC 1LxijWAttCku1LuZ3rajP3W6m8xpnTBQhD
^^^^MANY THANKS!!!!
November 08, 2013, 02:41:16 PM
Do you happen to have any personal experience with that, Spaceman_Spiff?
I Wish Terence McKenna was still alive today. As far back as 1993 - 1994 can he be heard raving about what drastic social changes this new thingy called "the world wide web" would bring about. Listening to some of what he had to say 20 years ago it sounded like he had a pretty clear picture in mind of how things like google, wikipedia, facebook, e-commerce etc. might emerge. Wonder what he would have to say about Bitcoin...
November 08, 2013, 02:38:24 PM
This reminds me of the Android game Abduction.
November 08, 2013, 02:35:52 PM
Thanks Finski, we can close down this thread now, nothing can top this.
November 08, 2013, 02:34:05 PM
November 08, 2013, 02:31:34 PM
RE: And the Universe just loves those that take chances on life. It opens doors for you. (Think Terrence McKenna said something like that before.)
((((((((((((((((CLICK))))))))))))))))))
vvvvvvvvvvvvvvvvvvvvvvvvvvvvvv
http://www.consciousness-evolution.org/wp-content/uploads/2013/01/e46908c9.jpg.505x650_q85.jpg
((((((((((((((((CLICK))))))))))))))))))
vvvvvvvvvvvvvvvvvvvvvvvvvvvvvv
http://www.consciousness-evolution.org/wp-content/uploads/2013/01/e46908c9.jpg.505x650_q85.jpg
November 08, 2013, 02:29:49 PM
You don't have to sell before the "big crash", you can sell in the first rebound. This is the big secret that keeps your stress levels low. Sure you lose some %, but this is a very risk free tactic vs. try to catch the top.
Yeah, but that rebound could be so fast you would miss it (you know : at work, or asleep...), or it could be barely higher than before the increase, like this april...Why is it so hard to buy back in with a loss?
Because I guess that's would just be admitting defeat. And if I sold at 15$ or lower after buying at 28$ in 2011 I think I would have been so burned that I wouldn't have bought back in at 4$.So I guess I'm going to stop trying to trade and just hold (and sell once in a while)... Investing additional funds at this point is too risky in the big picture, since with these price increases I now already have 90%+ of my assets in bitcoins...
April rebound was 170-175 and slower rebound to the same highs after that.
Buying back with loss is not defeat if you zoom out your perspective just a little bit.
November 08, 2013, 02:28:16 PM
Bulls woke up, put on their shades, and were all like http://www.youtube.com/watch?v=V2XGp5ix8HE
Jesus, I'm still listening to this song. +1
November 08, 2013, 02:27:07 PM
Historically, my ridiculous bearishness has cost me. Just ask adam.
But it gained you your own theme song. That's got to be worth something.As long as you are never 100% out the profit flame is alive.
And well the song who can forget the song.
November 08, 2013, 02:24:54 PM
On the weekly chart we are just now starting to see the kind of growth that characterized mid to late March. (33% now vs 35%-46% then)
If things play out the same way now that they did then, we've got about 3 weeks left before some major exchange melts down and causes a panic.
In March, we went +55% in 4 days from 47$ to 73$ :If things play out the same way now that they did then, we've got about 3 weeks left before some major exchange melts down and causes a panic.
http://bitcoincharts.com/charts/mtgoxUSD#rg60zczsg2013-03-18zeg2013-03-21ztgSzm1g10zm2g25zvzp
In the last 4 days, we went +59% from 169€ to 269€.
Wow, you may be right, maybe this bubble WON'T pop! (right now) I should have checked previous bitcoin increases more thoroughly...
Well, I guess in that case I'll just diversify into gold and silver with those "useless" € I just got trying to sell at the top...
Add to my math, but keeping it simple. If we do 266(top)/73 = 3.64
Then we can say X/269=3.64... X= $980
Is that our top?
I have to say that's the top I have in my mind. My initial plan is to realize some profits at $700, and some more at $970. I mean... x30 profit on average is good enough to cash in some fiat for me. But I will keep most of my BTC stash for the long run
Brother Rampion, hope you are well!
You bring up a great point. I really wonder about selling some at 700 ish (to make up for my initial investment, or maybe 1/2 of it). Then just watch the next 5 years unfold.
Now, when BTC goes to 10,000 dollars, that is when we need to start giving away BTC's to organizations to change the world. Just think of what Satoshi could do there...
Remember, this is a disruptive technology, let's disrupt.
IAS
ps - Yes, the mining investments were bad for me too. But, we will still make our money back at higher prices, so just look at it as a hobby that pays for itself.
Like the perspective you put things in. Im proud of being part of this.
Lets disrupt. GO black swan
There are for sure smart investors here. But the basis of what BTC is, is about what Satoshi said. The banking system is corrupt. They profit from: war (killing), from the drug trade (Wachovia and HSBC laundered pretty close to a TRILLION I believe), from the drug war, imprisoning people with debt, etc.
Many BTC'ers represent what BTC itself represents, naturally. Good news for planet Earth.
BTC stands for something and those of you out there who have lots, I really hope you help to change the place. We have that power, just need a bit more time.
And the Universe just loves those that take chances on life. It opens doors for you. (Think Terrence McKenna said something like that before.)
IAS
===OMEGA POINT=====
Hello, BTCwall at /\$512ish in my BTCitcoin camp!
November 08, 2013, 02:24:15 PM
Bulls woke up, put on their shades, and were all like http://www.youtube.com/watch?v=V2XGp5ix8HE
Jesus, I'm still listening to this song. November 08, 2013, 02:14:51 PM
40000 here that will not be for sale any time soon. Might move more from my active trading wallet.
Drool
Eye droolCan't stop myself either. He really is a BTC multimillionaire. So jelly
do
whine, pray, buy, mine, beg
until (my_btc)>=(your_btc)
Also, BTC512 wall at 330 on bitstamp
November 08, 2013, 02:14:48 PM
On the weekly chart we are just now starting to see the kind of growth that characterized mid to late March. (33% now vs 35%-46% then)
If things play out the same way now that they did then, we've got about 3 weeks left before some major exchange melts down and causes a panic.
In March, we went +55% in 4 days from 47$ to 73$ :If things play out the same way now that they did then, we've got about 3 weeks left before some major exchange melts down and causes a panic.
http://bitcoincharts.com/charts/mtgoxUSD#rg60zczsg2013-03-18zeg2013-03-21ztgSzm1g10zm2g25zvzp
In the last 4 days, we went +59% from 169€ to 269€.
Wow, you may be right, maybe this bubble WON'T pop! (right now) I should have checked previous bitcoin increases more thoroughly...
Well, I guess in that case I'll just diversify into gold and silver with those "useless" € I just got trying to sell at the top...
Add to my math, but keeping it simple. If we do 266(top)/73 = 3.64
Then we can say X/269=3.64... X= $980
Is that our top?
I have to say that's the top I have in my mind. My initial plan is to realize some profits at $700, and some more at $970. I mean... x30 profit on average is good enough to cash in some fiat for me. But I will keep most of my BTC stash for the long run
Brother Rampion, hope you are well!
You bring up a great point. I really wonder about selling some at 700 ish (to make up for my initial investment, or maybe 1/2 of it). Then just watch the next 5 years unfold.
Now, when BTC goes to 10,000 dollars, that is when we need to start giving away BTC's to organizations to change the world. Just think of what Satoshi could do there...
Remember, this is a disruptive technology, let's disrupt.
IAS
ps - Yes, the mining investments were bad for me too. But, we will still make our money back at higher prices, so just look at it as a hobby that pays for itself.
Like the perspective you put things in. Im proud of being part of this.
Lets disrupt. GO black swan
There are for sure smart investors here. But the basis of what BTC is, is about what Satoshi said. The banking system is corrupt. They profit from: war (killing), from the drug trade (Wachovia and HSBC laundered pretty close to a TRILLION I believe), from the drug war, imprisoning people with debt, etc.
Many BTC'ers represent what BTC itself represents, naturally. Good news for planet Earth.
BTC stands for something and those of you out there who have lots, I really hope you help to change the place. We have that power, just need a bit more time.
And the Universe just loves those that take chances on life. It opens doors for you. (Think Terrence McKenna said something like that before.)
IAS
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