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Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 32378. (Read 26712874 times)

legendary
Activity: 1078
Merit: 1006
100 satoshis -> ISO code


Anyone creeped out by this slow low-volume recovery and all the selling?

There is no "all the selling".
Although the charts are similar the volume this week is a fraction of the volume in April (even allowing for gox's lost marketshare). A huge amount of coins are in stronger hands this time.
legendary
Activity: 1400
Merit: 1013
keep in mind that is the result of 0% trade commissions Wink
Still impressive, since BTCChina is only 21% of the total Chinese market:

http://btckan.com/price
sr. member
Activity: 448
Merit: 250
Got another buy in at higher prices, putting my recent average at $174.5. Lets see if this one gets canceled due to high risk by coinbase Smiley
legendary
Activity: 1666
Merit: 1010
he who has the gold makes the rules
Seems the bubble is inflating again. But the bids are so thin...
Look at what's happened to Mt Gox's relative volume:

http://data.bitcoinity.org/#caaaabegaa



keep in mind that is the result of 0% trade commissions Wink
hero member
Activity: 728
Merit: 500


Anyone creeped out by this slow low-volume recovery and all the selling?
full member
Activity: 239
Merit: 100
650 get drunk buy bitcoins errday

This is my long-term strategy
legendary
Activity: 1133
Merit: 1163
Imposition of ORder = Escalation of Chaos
wtf are you people wait for? Xmas!?, fuck this I'm emptying my bank account tonight.

I almost did this back in 2011 when I was drunk. Why, oh why, didn't I.

For highly analytical people like me, we make some of the best decisions when drunk.

Do you have an explanation for this?

Yeah, it stops second-guessing, lets you go with your gut, keeps you from getting bogged down in the details and missing the forest for the trees. It's a corrective for over-analysis, so it only works if you're actually prone to over-analysis. (The right amount of alcohol. Too much is eventually worse, of course.)

I noticed this too.

+1111111111 couldn't agree more.

Also....bid depth looking healthy!

So, now we know why bitcoin rates move all over the place: you're all drunk when trading!

It sounds like someone that says you should be a little drunk when you drive so your driving is more relaxed.



The decision to get drunk can be made whilst sober.....as with any drug. If you are aware of the benefits of the drug, then you are a very clever manipulator of your own consciousness.

+1

Seems a lot of people like to over-analyze why they like to get drunk...luckily I come from a country where we don't need a reason, just an occasion  Grin
legendary
Activity: 1400
Merit: 1013
Seems the bubble is inflating again. But the bids are so thin...
Look at what's happened to Mt Gox's relative volume:

http://data.bitcoinity.org/#caaaabegaa

legendary
Activity: 1168
Merit: 1000
Seems the bubble is inflating again. But the bids are so thin...

standard..

Half the 210 wall has disappeared.
legendary
Activity: 1064
Merit: 1001
Seems the bubble is inflating again. But the bids are so thin...
legendary
Activity: 2380
Merit: 1823
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
legendary
Activity: 1904
Merit: 1037
Trusted Bitcoiner
200 on stamps soon.

get it while its hot!!

 Wink
legendary
Activity: 1168
Merit: 1000
Even lower this time I presume. Operation Bubblepop in progress.
LOL

Bubblepop?

That's the sound of champagne bottles opening in anticipation of the ATH.

lol
legendary
Activity: 1680
Merit: 1045
Everyone's dad should have a few bitcoins.
legendary
Activity: 2324
Merit: 1125
Quote from: David M ****Date Of Post=April 2013****
My old man (72 years old) just sold 100 BTC at $110.

I convinced him to buy 1000 at $8.  He has now recovered his investment plus ~40%.

I got a case of Veuve Clicquot out of it.


My old man is at it again.  Sold 100BTC at AUD$205

This time I'm getting half of a 5KW Solar Panel setup.

Total Sold: 200BTC for $31,000.  Just short of 300% realized profit on investment.
Remaining Balance: 799.5 BTC

He said he is getting old and plans to sell 100BTC at each "hundred" mark. e.g $300, $400 etc...
He's expecting to have less than 500BTC by June 2014.

Nice story Smiley

Try to make him sell after each double instead. He nets much more and the bitcoins don't run out so quickly. Wink

Tell him you rather have the Bitcoins Cheesy
sr. member
Activity: 476
Merit: 250
Nice story Smiley

Try to make him sell after each double instead. He nets much more and the bitcoins don't run out so quickly. Wink

He was going to unload at each $50 mark, but after returning from a holiday to Italy he pushed it to $100.

donator
Activity: 1722
Merit: 1036
Quote from: David M ****Date Of Post=April 2013****
My old man (72 years old) just sold 100 BTC at $110.

I convinced him to buy 1000 at $8.  He has now recovered his investment plus ~40%.

I got a case of Veuve Clicquot out of it.


My old man is at it again.  Sold 100BTC at AUD$205

This time I'm getting half of a 5KW Solar Panel setup.

Total Sold: 200BTC for $31,000.  Just short of 300% realized profit on investment.
Remaining Balance: 799.5 BTC

He said he is getting old and plans to sell 100BTC at each "hundred" mark. e.g $300, $400 etc...
He's expecting to have less than 500BTC by June 2014.

Nice story Smiley

Try to make him sell after each double instead. He nets much more and the bitcoins don't run out so quickly. Wink
legendary
Activity: 2380
Merit: 1823
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
sr. member
Activity: 476
Merit: 250
Quote from: David M ****Date Of Post=April 2013****
My old man (72 years old) just sold 100 BTC at $110.

I convinced him to buy 1000 at $8.  He has now recovered his investment plus ~40%.

I got a case of Veuve Clicquot out of it.


My old man is at it again.  Sold 100BTC at AUD$205

This time I'm getting half of a 5KW Solar Panel setup.

Total Sold: 200BTC for $31,000.  Just short of 300% realized profit on investment.
Remaining Balance: 799.5 BTC

He said he is getting old and plans to sell 100BTC at each "hundred" mark. e.g $300, $400 etc...
He's expecting to have less than 500BTC by June 2014.









donator
Activity: 1722
Merit: 1036
LOL

Bubblepop?

That's the sound of champagne bottles opening in anticipation of the ATH.

LOLOL
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