Author

Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 32385. (Read 26712386 times)

legendary
Activity: 1552
Merit: 1047
Can someone post that picture of Morpheus saying something like "when it's time to sell our bitcoins...we won't have to"?
hero member
Activity: 504
Merit: 500
Can someone post that picture of Morpheus saying something like "when it's time to sell our bitcoins...we won't have to"?
hero member
Activity: 728
Merit: 500
donator
Activity: 2772
Merit: 1019
donator
Activity: 2772
Merit: 1019
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.
donator
Activity: 1722
Merit: 1036
This just isn't the same climate, with the same risks, as 6 months ago.  $100 is long gone, pending very, very bad and improbable news.

IF somebody is afraid of $100 and wants to hedge against, I am willing to write the puts. Procedure:

- You select parameters (length, strike)
- I quote the price
- You pay the BTC
- If before maturity you want to sell bitcoins to me at Strike (say, $100), I am obligated to buy them and pay $$
- If it expires, I get to keep the premium you paid.
legendary
Activity: 2380
Merit: 1823
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
legendary
Activity: 1036
Merit: 1000
This few days of consolidation couldn't be more normal. Even if I had a crystal ball and knew for sure the price would go past the all-time high within the next two weeks, I still would expect a consolidation during these few days. Simply continuing up at the rate we were going would've been insane. So there's so far zero evidence the bull move of the past few weeks is over. Consolidation is exactly what we'd expect if the run-up is to continue. My guess is we're going up, probably within a week.
sr. member
Activity: 448
Merit: 250
Just saw end of World Series game 3 (I'm a Cards fan)...   Holy shit, what a final play (bottom of the 9th)!  Anyone catch it?

http://stlouis.cardinals.mlb.com/video/play.jsp?c_id=stl&content_id=31185453&topic_id=28898650

Lol, what the heck.

At the end of the first camera shot you can see Craig pick himself up like "the fuck just happened".
legendary
Activity: 2380
Merit: 1823
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
legendary
Activity: 2380
Merit: 1823
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
legendary
Activity: 1168
Merit: 1000
Just saw end of World Series game 3 (I'm a Cards fan)...   Holy shit, what a final play (bottom of the 9th)!  Anyone catch it?

http://stlouis.cardinals.mlb.com/video/play.jsp?c_id=stl&content_id=31185453&topic_id=28898650
legendary
Activity: 2380
Merit: 1823
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
legendary
Activity: 1168
Merit: 1000
advice: do the opposite to me as I always sell low and buy high..  currently waiting to buy back in so it will probably rally to a new high, I'll panic buy and then it will crash.


That's not particularly good news for my leveraged short positions. Let's hope you're actually correct this time?

I did get a good laugh out of that though, so thanks for that atleast.

Sentiment is higher.  However, given that Asia led this rally initially, I am not sure higher will be determined by English speaking sentiment. In my opinion, although non-Asian markets seem to lead on resistance, I still think Asia could lead where this goes next.

I think there are 3 possible ways this could go:
A. Higher based on average sentiment.
B. Lower to retest the lows of the initial pullback and possibly a little lower.
C. A longer correction below that 150, that could take us down to 130, 120, 100 or lower. But that would be a long term thing, and not a short term trade, imo.

Highly, highly doubt (C) based on all the bullish news these past few months, including:

- Chinese volume/movement, including Baidu news
- SecondMarket, expose of Bitcoin to $$$$
- Closure of SR, media attention surrounding that
- Michael Novogratz endorsement: "Come back in a few years and it's going to be worth a lot."
- Bitcoin ATM in Canada (world's first)

This just isn't the same climate, with the same risks, as 6 months ago.  $100 is long gone, pending very, very bad and improbable news.
legendary
Activity: 966
Merit: 1000
- - -Caveat Aleo- - -
I can't decide where this is going, too little volume.

I shorted around 180 during the downtrend after the huge sell...Then at 180, it perked right back up. I figured it was a short bounce before a continuation downwards, and continued opening short positions up to 190.

Now, I'm not sure if I should close the positions and take a huge loss...or wait it out, and possibly lose all the BTC in my leveraged short positions...

Opinions?

There will be a correction before the next big move higher. I would wait.
legendary
Activity: 1792
Merit: 1121
I can't decide where this is going, too little volume.

I shorted around 180 during the downtrend after the huge sell...Then at 180, it perked right back up. I figured it was a short bounce before a continuation downwards, and continued opening short positions up to 190.

Now, I'm not sure if I should close the positions and take a huge loss...or wait it out, and possibly lose all the BTC in my leveraged short positions...

Opinions?

180 in gox? The 300 hours average line is at 181 now and it provides support in all big-4 exchanges. So I don't think we will see 180 in gox again in short term
legendary
Activity: 2156
Merit: 1070
advice: do the opposite to me as I always sell low and buy high..  currently waiting to buy back in so it will probably rally to a new high, I'll panic buy and then it will crash.


That's not particularly good news for my leveraged short positions. Let's hope you're actually correct this time?

I did get a good laugh out of that though, so thanks for that atleast.

Sentiment is higher.  However, given that Asia led this rally initially, I am not sure higher will be determined by English speaking sentiment. In my opinion, although non-Asian markets seem to lead on resistance, I still think Asia could lead where this goes next.

I think there are 3 possible ways this could go:
A. Higher based on average sentiment.
B. Lower to retest the lows of the initial pullback and possibly a little lower.
C. A longer correction below that 150, that could take us down to 130, 120, 100 or lower. But that would be a long term thing, and not a short term trade, imo.
full member
Activity: 133
Merit: 100
advice: do the opposite to me as I always sell low and buy high..  currently waiting to buy back in so it will probably rally to a new high, I'll panic buy and then it will crash.


That's not particularly good news for my leveraged short positions. Let's hope you're actually correct this time?

I did get a good laugh out of that though, so thanks for that atleast.
legendary
Activity: 1168
Merit: 1000
advice: do the opposite to me as I always sell low and buy high..  currently waiting to buy back in so it will probably rally to a new high, I'll panic buy and then it will crash.


lol, you're probably the most honest person in this thread.
sr. member
Activity: 406
Merit: 250
advice: do the opposite to me as I always sell low and buy high..  currently waiting to buy back in so it will probably rally to a new high, I'll panic buy and then it will crash.
Jump to: