Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 32718. (Read 26469474 times)
July 06, 2013, 11:44:27 AM
July 06, 2013, 11:43:55 AM
Don't worry, i won't let it fall too far. Got a few USD tsunami-bombs planned. Bet I can get this to $80 today.
You are our savior!
I should note, that I may wait until we are in the 50s. I expect a big war there. Might be able to rocket higher if I wait. Perhaps it would be referred to in later times as Walsoraj's shoryuken green candle.
so, you want to use the body mass what that limit will generate by itself?
But how we will know what is your part in that rocket start? I am just not sure if you will claim all credit for that move to yourself or you will give some credit to other analyzers who already predicted it.
So what is your influence in that start? Could you give some estimate?
July 06, 2013, 11:43:52 AM
Don't worry, i won't let it fall too far. Got a few USD tsunami-bombs planned. Bet I can get this to $80 today.
You are our savior!
I should note, that I may wait until we are in the 50s. I expect a big war there. Might be able to rocket higher if I wait. Perhaps it would be referred to in later times as Walsoraj's shoryuken green candle.
you're not imitating his broken english
July 06, 2013, 11:36:45 AM
Don't worry, i won't let it fall too far. Got a few USD tsunami-bombs planned. Bet I can get this to $80 today.
You are our savior!
I should note, that I may wait until we are in the 50s. I expect a big war there. Might be able to rocket higher if I wait. Perhaps it would be referred to in later times as Walsoraj's shoryuken green candle.
July 06, 2013, 11:30:46 AM
Don't worry, i won't let it fall too far. Got a few USD tsunami-bombs planned. Bet I can get this to $80 today.
You are our savior!
July 06, 2013, 11:13:06 AM
Don't worry, i won't let it fall too far. Got a few USD tsunami-bombs planned. Bet I can get this to $80 today.
July 06, 2013, 11:00:47 AM
July 06, 2013, 10:00:43 AM
July 06, 2013, 09:28:05 AM
the "wall" at 67 was now removed, way free to go down.
July 06, 2013, 09:19:44 AM
Everybodys gearing up to buy @ the 50s, logically a Mega Dumper might find it a good place to sell,if theres any of those exotics left, Minimum slippage @ 50.
65 to 75 was a good bounce. guess a smaller bounce was expected.
65 to 75 was a good bounce. guess a smaller bounce was expected.
July 06, 2013, 09:00:55 AM
July 06, 2013, 08:59:39 AM
Bull trap in the making?
No. My thoughts are are in a long-long-term bull market (subject to be invalidated by a better crypto currency). We are in a mid-term bear market. From time to time we should be bulls on a short-term basis.
My toughts are that not enought new money is coming to the markets to sustain the current prices levels and if we are going up by the next week is only because the same speculators left are pumping the price to dump later (nothing wrong with it tought).
Speculators came to the market on Gox between 21 June - now. I see it on the chart.
It's true that we are going down a little too fast, so a rebound is expected but i don't think we are going to see $90-$100 in the next two weeks.
We went down at the right speed (even faster would be better) to justify reaching $90-$100 in the next two weeks.
I see shorting a litttle dangerous atm and i'm not really good at it so i'm not buying for now.
Yes, shorting now (price region pre / on- Cypruss) is dangerous.
I also think that the bottom would be lower that $50 and much lower that $32.
The bottom will be below 50.
I'm not expert at TA so i have no graphs or theories to backup my views.
I am the expert, but ... I am ALWAYS wrong
July 06, 2013, 08:57:24 AM
Dumpity dump dump
July 06, 2013, 08:35:09 AM
Dont know if today or tomorrow will dump coins till price hit 65$
If the price doesn't hit $65 today or tomorrow, you don't mind being called from then on an asshole, do you?
+1
July 06, 2013, 08:13:22 AM
Dont know if today or tomorrow will dump coins till price hit 65$
If the price doesn't hit $65 today or tomorrow, you don't mind being called from then on an asshole, do you?
July 06, 2013, 08:09:42 AM
The reason why bull trades is to get more bitcoins, the reason why bear trades is to get more fiat. It's wise to trade if there's bigger probability to gain bitcoins that way.
If you don't know which way the market goes be 50/50. If you believe more that price will go up change it to example 30/70 (fiat/BTC).
If you don't know which way the market goes be 50/50. If you believe more that price will go up change it to example 30/70 (fiat/BTC).
July 06, 2013, 07:45:59 AM
Yeah true, but the 5% I do trade with is still a decent chunk of money and justifies hanging out in the speculation lounge. Also I like the chit-chatterish atmosphere here, the lulz, and the occasional big walls to watch for, even when not trading 
Perhaps he got confused when I said I'm holding 95% in BTC, it's not because I believe the price will go up short term, as I said it's more to it than that.
Perhaps he got confused when I said I'm holding 95% in BTC, it's not because I believe the price will go up short term, as I said it's more to it than that.
July 06, 2013, 07:31:08 AM
I'm with you KoziTwo, your strategy is sound and a winner you, its just that its more An investment strategy than a speculative trading one.
July 06, 2013, 07:11:20 AM
What i dont understand is the people that are holding ,say 10k B that thay are not cashing out now ?
Even if thay think that we will stay at this price.
Becuse if thay dump 10k now the price will fall realy hard and only profit would thay make.
And if you have over 10k you are probebly a person that are not stupid, i think its just crazy that we dont se a faster and bigger drop . And becuse of that we maby wont hit as hard that we think ,but i will hold
My cash steady for som time now .
Because if you hold 10k BTC and sell, you have to pay 3000 BTC in capital gains to the state (assuming you bought cheap). The price would have to drop a lot for you to even break even. Plus, some people are able to look more than a few weeks/months into the future and willing to hold for years. Even if thay think that we will stay at this price.
Becuse if thay dump 10k now the price will fall realy hard and only profit would thay make.
And if you have over 10k you are probebly a person that are not stupid, i think its just crazy that we dont se a faster and bigger drop . And becuse of that we maby wont hit as hard that we think ,but i will hold
My cash steady for som time now .
July 06, 2013, 07:07:48 AM
Are you happy to pay ~30% of your profit, effectively erasing all otherwise would-be profits made from a price decrease in the range of $100 to ~$77?
Capital gain taxes are horrible, and I'm sorry for anyone being extorted that way. That being said, avoiding taxes can be a very bad investment advisor. One can easily lose a lot more in an investment than in taxes. This is again proven with bitcoin since the bubble popped. Anyone that locked in profits between $250 and $130 is ahead over holding, even after paying 30% taxes on the gains. Don't let the government interfere with your common sense to sell high and buy low. Easier said then done, I admit.
I don't "worry" a whole lot about the underlying value, I'm holding roughly 95% in bitcoin and 5% in fiat and I sleep like a baby, and the only reason I hold any fiat at all is to buy back cheaper and increase the amount of bitcoins I own.
How can you buy considerably more btc when you only have 5% cash and 95% in btc?
This can only mean your capital is very small compared to your income. A situation I assume you want to change however going all in, even at a bottom, is very poor risk management, so chances are low that you will hold on to any capital you succeed in building up, as all-in strategies lead to ruin, sooner or later.
I understand that if your capital is low compared to your income, and your income is secure, that you are able to handle the risk to invest all your capital in bitcoin. However, if successful a switch of strategy is crucial in my opinion. Considering you have bought lots of coins during the depression of 2011, you have already 50 folded your invested capital around the recent top, but still you have not switched to an even somewhat more balanced strategy. This does not look healthy to me. I could be wrong, I'm judging based on very little information I have from your situation.
Well there you go, it really is that simple, more BTC is what it's all about, just like I said. USD is a means to an end.
I strongly disagree. In investment it's not about how many bitcoins, gold ounces, real estate, or stocks that you are able to accumulate. It's about how much value/purchasing power you are able to build up.
You are thinking like a gold bug, or real estate bug, or stock bug. Sooner or later a decades long bear market arrives and they lose most of their purchasing power. At least they can say that it will go up again sometime in the future (though since it can take decades they might not be there anymore to experience it). With bitcoin nothing of the kind! Hard to imagine now but bad news can come in strides and a combination of development disagreements, outlawing by some major government and competition can seal the faith of bitcoin. So being a bitcoin bug is even more irrational as you cannot say with any historical certainty that if will come back sooner or later.
I'm sorry for being so confrontational but honestly I'm stunned to see this typical bitcoin bull talk still expressed today after the market proved you so wrong. Either I am missing something here or you are.
1. I'm a long term investor, I don't mind holding for years. I don't trade much, most traders lose in the long run.
2. I don't want to sell more than the maximum I can before being eligible for capital gains, something I refuse to pay.
What's stupid about buying bitcoin with the intention of holding for 5-10 years? The market hasn't proved me wrong at all, it's just as expected. Up and down up and down, you're clearing missing something here, you think like a trader, not investor.
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