820 buy followed by an immediate 121 sale haha
Bitcoin does what it wants
Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 32439. (Read 26725474 times)
October 30, 2013, 08:00:47 AM
October 30, 2013, 07:23:25 AM
my brain says no because i got burned hard in april buying at this level
You can't possibly get burned buying Bitcoin at any level, can you?
and is obsolete now from current perspective
i just don't want to have a dejavu in some months asking myself why i bought at the top again.
October 30, 2013, 07:02:24 AM
October 30, 2013, 06:49:43 AM
my brain says no because i got burned hard in april buying at this level
You can't possibly get burned buying Bitcoin at any level, can you?
October 30, 2013, 06:33:59 AM
I don't think we will see ATHs until 2014.
... wait a few weeks 
Waiting is my main BTC strategy. Got that covered.
It's a good strategy.
+1
although it's quite hard atm to sit with fresh fiat at the sideline while watching value slowly climb up
my brain says no because i got burned hard in april buying at this level (well not from today's perspective
)on the other side my coin addiction tells me not to miss the train to ATH.
...wait or not to wait...that's the question
please somebody give me a "BUYBUYBUY" to release this tension.
October 30, 2013, 06:19:12 AM
There will be the standard several-weeks' time delay for that surge, though. Still, even discounting all of that, I think we're going up toward the ATH and within a week or two, then beyond. (Very very short-term fall is possible.)
It is all probabilities ofcourse, but I don't see anymore, how sales would overwhelm buys.
The story might be a final push for many who have just waited over the months and years.
Btw. the most interesting part IMO was that despite a million percent gain, he only sold 20%. With the remaining 4000 bitcoins he is among the top 200 worldwide and why not - Norway is one of the remaining independent countries. Even the taxman was curious to make the regulations conform to bitcoin and not the other way round.
So many people say, "I made a few hundred dollars then sold 'em." It's just impatience, otherwise they would keep some. When they get into fiat mode all they can think is, "My precious moneyses..." and maybe thinking about what they could buy with that extra few hundred or few thousand, they say, "I got FREE MONEY and you're all just playing around with virtual tokens! So long suckers!!" and sell every last satoshi.
I was thinking also, instead of talking about wealth in terms of bitcoins, we could talk about it in terms of percent of the total Bitcoin economy, like 4000BTC is about 4000/12000000 = 0.03% of the Bitcoin economy, or maybe something like 0.03% of all purchasing power in the Bitcoin ecosystem. Of course there are lost coins and hoarding that effectively make this quite a bit higher, but still it's an objective measure: it's what percentage of the outstanding bitcoins you own.
For example, if the Winklevii own 1% of all BTC outstanding and Bitcoin takes over the world, their holdings would (if they held them all) command no less than 0.5% of all the purchasing power in the world (even based on 20 million coins outstanding by then), and probably more like several percent. Outlandish wealth.
October 30, 2013, 06:14:16 AM
I don't think we will see ATHs until 2014.
... wait a few weeks Yes, 9 weeks to be precise
.No forever is the longest time.
"Our favorite holding period is forever." - Warren Buffett
October 30, 2013, 06:03:43 AM
I don't think we will see ATHs until 2014.
... wait a few weeks Waiting is my main BTC strategy. Got that covered.
It's a good strategy.
October 30, 2013, 05:23:13 AM
I don't think we will see ATHs until 2014.
... wait a few weeks Yes, 9 weeks to be precise
. October 30, 2013, 04:40:55 AM
210 wall is ~150 lighter than a couple hours ago. May be ready for another test.
October 30, 2013, 04:21:43 AM
Waiting is my main BTC strategy. Got that covered.
you mean holding?!For the longest time
October 30, 2013, 04:07:52 AM
Waiting is my main BTC strategy. Got that covered.
you mean holding?! 
October 30, 2013, 04:07:25 AM
Yes, patience is essential!
Still waiting for my 10 BTC from BTCJam to make their way home.... only a year overdue now.
Patience is a virtue, apparently.
Still waiting for my 10 BTC from BTCJam to make their way home.... only a year overdue now.
Patience is a virtue, apparently.
October 30, 2013, 04:03:08 AM
I don't think we will see ATHs until 2014.
... wait a few weeks Waiting is my main BTC strategy. Got that covered.
October 30, 2013, 03:59:39 AM
I don't think we will see ATHs until 2014.
... wait a few weeks October 30, 2013, 03:58:16 AM
There will be the standard several-weeks' time delay for that surge, though. Still, even discounting all of that, I think we're going up toward the ATH and within a week or two, then beyond. (Very very short-term fall is possible.)
Exakt.
I do not see a lot of investment coming in during the holidays. Certainly not to push us up another $55-60 in the next 2 months. Especially since there are still some people who would just be happy to break even from the April crash, even more so during the holidays.
I don't think we will see ATHs until 2014.
The idea that there's a big news splurge whereby many people get to hear about it (again) then get distracted by other stuff and holidays or don't want to 'invest' money just before the holidays and forget about it for now is great If it piques their interest but not enough to act then next time they hear about it they may understand a bit more. The better people understand the less naive money comes into Bitcoin which in turn reduces the risk of an overheated market and the inevitable consequence. October 30, 2013, 03:33:24 AM
There will be the standard several-weeks' time delay for that surge, though. Still, even discounting all of that, I think we're going up toward the ATH and within a week or two, then beyond. (Very very short-term fall is possible.)
Exakt.
I do not see a lot of investment coming in during the holidays. Certainly not to push us up another $55-60 in the next 2 months. Especially since there are still some people who would just be happy to break even from the April crash, even more so during the holidays.
I don't think we will see ATHs until 2014.
October 30, 2013, 03:29:52 AM
There will be the standard several-weeks' time delay for that surge, though. Still, even discounting all of that, I think we're going up toward the ATH and within a week or two, then beyond. (Very very short-term fall is possible.)
Exakt.
October 30, 2013, 03:23:50 AM
There will be the standard several-weeks' time delay for that surge, though. Still, even discounting all of that, I think we're going up toward the ATH and within a week or two, then beyond. (Very very short-term fall is possible.)
It is all probabilities ofcourse, but I don't see anymore, how sales would overwhelm buys.
The story might be a final push for many who have just waited over the months and years.
Btw. the most interesting part IMO was that despite a million percent gain, he only sold 20%. With the remaining 4000 bitcoins he is among the top 200 worldwide and why not - Norway is one of the remaining independent countries. Even the taxman was curious to make the regulations conform to bitcoin and not the other way round.
October 30, 2013, 03:22:25 AM
Perhaps the bitcoin distribution model is carefully designed to retain the coins in hands of the intelligent, the honest and the simple:
- intelligent hear about it first and being relatively rich and/or tech-savvy, can acquire many
- honest have distrust and disdain towards fiat, so convert to bitcoin easily and have no urge to sell
- simple see that others have become rich and just imitate them by buying and holding.
- intelligent hear about it first and being relatively rich and/or tech-savvy, can acquire many
- honest have distrust and disdain towards fiat, so convert to bitcoin easily and have no urge to sell
- simple see that others have become rich and just imitate them by buying and holding.
Very nice.
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