Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 33907.

smoothie

legendary

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LEALANA Bitcoin Grim Reaper

Quote from: seleme on April 26, 2013, 09:32:09 AM

Quote

My point is way more fun than holding fiat, that's for sure

Who said I'm holding my bloody fiat, lol. Have you read my posts at all?

I'm holding fiat when I, and I'll repeat it when I, think it's the best thing to do. I might and have been wrong many times but I'm taking full responsibility for that as it's my money, not anyone's else.

As soon as I feel, and I repeat when I feel, that it's better to hold coins, I hold them.

And neither of those tow means holding as putting it when sun doesn't shine, it can mean I'm holding any of them for hour, two, 5, day, two or 5 until I feel it's better to hold other one.

"My body is ready, because it told me it is ready" Cheesy

seleme

legendary

Activity: 2772

Merit: 1028

Duelbits.com

Quote

My point is way more fun than holding fiat, that's for sure

Who said I'm holding my bloody fiat, lol. Have you read my posts at all?

I'm holding fiat when I, and I'll repeat it when I, think it's the best thing to do. I might and have been wrong many times but I'm taking full responsibility for that as it's my money, not anyone's else. And it's Me who is going to do things with it, not anyones else wishes. I'm perfectly ready to research stuff and take advice from people I believe are worthy of that but on the end it's Me who is making decisions, nobody else.

As soon as I feel, and I repeat when I feel, that it's better to hold coins, I hold them.

And neither of those tow means holding as putting it when sun doesn't shine, it can mean I'm holding any of them for hour, two, 5, day, two or 5 until I feel it's better to hold other one.

deathcode

copper member

Activity: 1428

Merit: 253

Quote from: seleme on April 26, 2013, 09:08:06 AM

Quote from: deathcode on April 26, 2013, 08:58:05 AM

Quote from: seleme on April 26, 2013, 08:46:37 AM

Quote from: deathcode on April 26, 2013, 08:38:27 AM

Quote from: seleme on April 26, 2013, 08:12:06 AM

I just feel more comfortable with fiat at the moment. If it goes up, I'll catch it up, I'll lose a bit but that's fine, just don't have a feeling the risk of staying behind is bigger than opposite.

This is the main problem with people in the bitcoin world. You trust fiat more? you certainly know that bitcoin can either go to $50 or go to $200 in a day, you just need to be patient and buy/sell at the right times. With fiat, well.. you have fiat, that's as fun as watching paint dry and by that I mean, slowly but surely that inflation is eating it up..

Yes, I trust fiat more at this moment. I've trusted bitcoins more for days before yesterday. I'm not investor, I'm trader and I'm not going to look my coins dipping to be worth 15/20/30 dollars less without selling and trying to buy more and have them more if I feel that's what I should do.

I don't care what anyone thinks about it, as long as volatility is as it is I'm not hoarding my coins, specially as I don't have enough of them to just wait to become rich

at some time.

So, you do your stuff, I'll do mine. I'm not here to help your mined or cheaply bought coins being worth more, I know that's what early adopters want from people but I couldn't care less about their coins and what they want

, I'm here to make what's best for me

If I lose all I've invested in btc, I won't lose a sleep, I've never invested more than I can forget.

My point is it doesn't matter when you buy, you can buy BTC now at 135 and if it goes down, you might have to wait longer to sell, but eventually, you'll sell at a profit. Sure, you can wait and buy when it dips, then you will have to wait until it goes up again to sell, if it ever does go up... so it's a matter of timing, that's all
With fiat... you just have fiat... Tongue

Your point has serious problem - I was late yesterday to buy at 121 at first crash, if I had put my order 10-15 seconds before, I could make hundreds of dollars in 2 minutes. Then again do it 2-3 times til today in some longer periods. I did bought them in low 120s again and sold in 130s but I've missed 2 earlier opportunities - one because I was late, 2nd because I was not in the state to rationally try to analyze the market so I just decided to miss it.

Your point completely takes those possible profits out and suggests I should buy now at 136, eventually sleep through it's dipping to 120 and wait if it goes up above my entry point to make some profit. It's not only pretty nonsense system, it's boring too, I'd rather sell socks on the street

I'm here to grow my small group of coins or lose them all. I don't care what price of btc would be in 5 years if I have them as many as I do now.

My point is way more fun than holding fiat, that's for sure. Yesterday if you bought at 130 (I'm just calling the somewhat average for yesterday since it went to 122 and it was at 150 earlier on the day, you had plenty of chances to make money, if you didn't then you're not a good trader.
No one can call the absolute top or bottom, I sold at 147 and I bought at 135, yes, I could have bought at 122, but who knows how low is going or how high? no one really knows.
your strategy of holding fiat, sure, I respect it, it's just seem so dull and boring... I keep my amount of bitcoins consistent and I buy/sell on dips and I use the leftover fiat as winnings I don't buy more bitcoins because I already have the amount I want. But I keep my coins and I just use fiat to withdraw. Again, I'm not a trader, but when there are obvious opportunities to trade I'd do it.

just1nmc

sr. member

Activity: 280

Merit: 250

Quote

Any updates on the Coinlab integration? Their website is still stuck with the March 21 update.

http://coinlab.com/transition

They updated it it May 6th awhile ago.

Missionary

full member

Activity: 224

Merit: 100

Quote from: SAQ on April 26, 2013, 09:00:38 AM

Quote from: Missionary on April 26, 2013, 07:22:53 AM

Quote from: Missionary on April 26, 2013, 07:14:00 AM

4h EMA as seen on ClarkMoody is about to cross. That's bearish, right?

With that said, I really don't understand why people are selling; everything fundamental is growing stronger each day. When I look at the press and public awareness, I can only see bullish signals.

You joking right? Articles about bitcoins aren't fundamentals. Arguably, exchanges aren't either, but practically speaking they are and they have been ~~dropping~~ closing like flies.

Not joking, but then it seems you misread my post. Let me break it down for you:

1. Everything fundamental is growing stronger each day.
2. Even in the press, there is plenty of bullish signals.

I did not say that press = fundamentals. English is not my native language, since I am from Sweden after all. So forgive me if my first post was unclear.

Piper67

legendary

Activity: 1106

Merit: 1001

Quote from: ?? on ??

Quote from: SAQ on April 26, 2013, 09:00:38 AM

Quote from: Missionary on April 26, 2013, 07:22:53 AM

Quote from: Missionary on April 26, 2013, 07:14:00 AM

4h EMA as seen on ClarkMoody is about to cross. That's bearish, right?

With that said, I really don't understand why people are selling; everything fundamental is growing stronger each day. When I look at the press and public awareness, I can only see bullish signals.

You joking right? Articles about bitcoins aren't fundamentals. Arguably, exchanges aren't either, but practically speaking they are and they have been ~~dropping~~ closing like flies.

coinlab seems like it will open soon, down with the weak in with the stong

Any updates on the Coinlab integration? Their website is still stuck with the March 21 update.

smoothie

legendary

Activity: 2492

Merit: 1473

LEALANA Bitcoin Grim Reaper

Quote from: elux on April 26, 2013, 09:06:38 AM

Quote from: smoothie on April 26, 2013, 09:00:18 AM

Quote from: proudhon on April 26, 2013, 08:42:47 AM

What's interesting right now is that we are just beginning to enter a phase of institutional interest, and, I think, as luck would have it for larger investors, people were scared into putting lots of bitcoin back on MtGox. The ask depth is looking very healthy, and that is exactly what is needed and wanted by people who want to invest $100k+. I think in the next 2 years we could see the bid depth on MtGox reach around $50 million, and the price will need to adjust upward (and there will be a subsequent dramatic correction, no doubt).

I think that the bid depth can reach $50 million by June 1st 2013.

It doesn't take much interested to add up to $50 million waiting on the exchange to buy bitcoins.

Unless Mark Karpeles is lying, there's already much, much more than that waiting at Mt.Gox, off the book.

I believe he stated that MtGox was receiving $5M to $20M per day as of early April. (Reuters Interview)

He could be lying and still it would be possible to hit that mark by then.

Fiat is much more abundant than some of us give credit to.

seleme

legendary

Activity: 2772

Merit: 1028

Duelbits.com

Quote from: deathcode on April 26, 2013, 08:58:05 AM

Quote from: seleme on April 26, 2013, 08:46:37 AM

Quote from: deathcode on April 26, 2013, 08:38:27 AM

Quote from: seleme on April 26, 2013, 08:12:06 AM

I just feel more comfortable with fiat at the moment. If it goes up, I'll catch it up, I'll lose a bit but that's fine, just don't have a feeling the risk of staying behind is bigger than opposite.

This is the main problem with people in the bitcoin world. You trust fiat more? you certainly know that bitcoin can either go to $50 or go to $200 in a day, you just need to be patient and buy/sell at the right times. With fiat, well.. you have fiat, that's as fun as watching paint dry and by that I mean, slowly but surely that inflation is eating it up..

Yes, I trust fiat more at this moment. I've trusted bitcoins more for days before yesterday. I'm not investor, I'm trader and I'm not going to look my coins dipping to be worth 15/20/30 dollars less without selling and trying to buy more and have them more if I feel that's what I should do.

I don't care what anyone thinks about it, as long as volatility is as it is I'm not hoarding my coins, specially as I don't have enough of them to just wait to become rich

at some time.

So, you do your stuff, I'll do mine. I'm not here to help your mined or cheaply bought coins being worth more, I know that's what early adopters want from people but I couldn't care less about their coins and what they want

, I'm here to make what's best for me

If I lose all I've invested in btc, I won't lose a sleep, I've never invested more than I can forget.

My point is it doesn't matter when you buy, you can buy BTC now at 135 and if it goes down, you might have to wait longer to sell, but eventually, you'll sell at a profit. Sure, you can wait and buy when it dips, then you will have to wait until it goes up again to sell, if it ever does go up... so it's a matter of timing, that's all
With fiat... you just have fiat... Tongue

Your point has serious problem - I was late yesterday to buy at 121 at first crash, if I had put my order 10-15 seconds before, I could make hundreds of dollars in 2 minutes. Then again do it 2-3 times til today in some longer periods. I did bought them in low 120s again and sold in 130s but I've missed 2 earlier opportunities - one because I was late, 2nd because I was not in the state to rationally try to analyze the market so I just decided to miss it.

Your point completely takes those possible profits out and suggests I should buy now at 136, eventually sleep through it's dipping to 120 and wait if it goes up above my entry point to make some profit. It's not only pretty nonsense system, it's boring too, I'd rather sell socks on the street

I'm here to grow my small group of coins or lose them all. I don't care what price of btc would be in 5 years if I have them as many as I do now.

Jaques

member

Activity: 112

Merit: 10

Quote from: seleme on April 26, 2013, 08:46:37 AM

Quote from: deathcode on April 26, 2013, 08:38:27 AM

Quote from: seleme on April 26, 2013, 08:12:06 AM

I just feel more comfortable with fiat at the moment. If it goes up, I'll catch it up, I'll lose a bit but that's fine, just don't have a feeling the risk of staying behind is bigger than opposite.

This is the main problem with people in the bitcoin world. You trust fiat more? you certainly know that bitcoin can either go to $50 or go to $200 in a day, you just need to be patient and buy/sell at the right times. With fiat, well.. you have fiat, that's as fun as watching paint dry and by that I mean, slowly but surely that inflation is eating it up..

Yes, I trust fiat more at this moment. I've trusted bitcoins more for days before yesterday. I'm not investor, I'm trader and I'm not going to look my coins dipping to be worth 15/20/30 dollars less without selling and trying to buy more and have them more if I feel that's what I should do.

I don't care what anyone thinks about it, as long as volatility is as it is I'm not hoarding my coins, specially as I don't have enough of them to just wait to become rich

at some time.

So, you do your stuff, I'll do mine. I'm not here to help your mined or cheaply bought coins being worth more, I know that's what early adopters want from people but I couldn't care less about their coins and what they want

, I'm here to make what's best for me

If I lose all I've invested in btc, I won't lose a sleep, I've never invested more than I can forget.

+1 THIS, jeje ...

elux

legendary

Activity: 1458

Merit: 1006

Quote from: smoothie on April 26, 2013, 09:00:18 AM

Quote from: proudhon on April 26, 2013, 08:42:47 AM

What's interesting right now is that we are just beginning to enter a phase of institutional interest, and, I think, as luck would have it for larger investors, people were scared into putting lots of bitcoin back on MtGox. The ask depth is looking very healthy, and that is exactly what is needed and wanted by people who want to invest $100k+. I think in the next 2 years we could see the bid depth on MtGox reach around $50 million, and the price will need to adjust upward (and there will be a subsequent dramatic correction, no doubt).

I think that the bid depth can reach $50 million by June 1st 2013.

It doesn't take much interested to add up to $50 million waiting on the exchange to buy bitcoins.

Unless Mark Karpeles is lying, there's already much, much more than that waiting at Mt.Gox, off the book.

I believe he stated that MtGox was receiving $5M to $20M per day as of early April. (Reuters Interview)

They have more than 215 000 brand new customers Q1 2013 + the first half of April alone.

We're may have to start talking in terms of mBTC / μBTC much sooner than I would have expected only a few weeks/months ago.

smoothie

legendary

Activity: 2492

Merit: 1473

LEALANA Bitcoin Grim Reaper

Quote from: ?? on ??

Quote from: proudhon on April 26, 2013, 08:42:47 AM

What's interesting right now is that we are just beginning to enter a phase of institutional interest, and, I think, as luck would have it for larger investors, people were scared into putting lots of bitcoin back on MtGox. The ask depth is looking very healthy, and that is exactly what is needed and wanted by people who want to invest $100k+. I think in the next 2 years we could see the bid depth on MtGox reach around $50 million, and the price will need to adjust upward (and there will be a subsequent dramatic correction, no doubt).

Yeah, we are just starting to get the very first drops of the institutional money.

with paypal and google talking it up... man... the next 5 years should be epic.

Yup we haven't even gotten to the true "media attention" phase. That phase will get the public interest to invest...which shortly thereafter you may consider selling some coins.

SAQ

newbie

Activity: 56

Merit: 0

Quote from: Missionary on April 26, 2013, 07:22:53 AM

Quote from: Missionary on April 26, 2013, 07:14:00 AM

4h EMA as seen on ClarkMoody is about to cross. That's bearish, right?

With that said, I really don't understand why people are selling; everything fundamental is growing stronger each day. When I look at the press and public awareness, I can only see bullish signals.

You joking right? Articles about bitcoins aren't fundamentals. Arguably, exchanges aren't either, but practically speaking they are and they have been ~~dropping~~ closing like flies.

smoothie

legendary

Activity: 2492

Merit: 1473

LEALANA Bitcoin Grim Reaper

Quote from: proudhon on April 26, 2013, 08:42:47 AM

What's interesting right now is that we are just beginning to enter a phase of institutional interest, and, I think, as luck would have it for larger investors, people were scared into putting lots of bitcoin back on MtGox. The ask depth is looking very healthy, and that is exactly what is needed and wanted by people who want to invest $100k+. I think in the next 2 years we could see the bid depth on MtGox reach around $50 million, and the price will need to adjust upward (and there will be a subsequent dramatic correction, no doubt).

I think that the bid depth can reach $50 million by June 1st 2013.

It doesn't take much interested to add up to $50 million waiting on the exchange to buy bitcoins.

deathcode

copper member

Activity: 1428

Merit: 253

Quote from: seleme on April 26, 2013, 08:46:37 AM

Quote from: deathcode on April 26, 2013, 08:38:27 AM

Quote from: seleme on April 26, 2013, 08:12:06 AM

I just feel more comfortable with fiat at the moment. If it goes up, I'll catch it up, I'll lose a bit but that's fine, just don't have a feeling the risk of staying behind is bigger than opposite.

This is the main problem with people in the bitcoin world. You trust fiat more? you certainly know that bitcoin can either go to $50 or go to $200 in a day, you just need to be patient and buy/sell at the right times. With fiat, well.. you have fiat, that's as fun as watching paint dry and by that I mean, slowly but surely that inflation is eating it up..

Yes, I trust fiat more at this moment. I've trusted bitcoins more for days before yesterday. I'm not investor, I'm trader and I'm not going to look my coins dipping to be worth 15/20/30 dollars less without selling and trying to buy more and have them more if I feel that's what I should do.

I don't care what anyone thinks about it, as long as volatility is as it is I'm not hoarding my coins, specially as I don't have enough of them to just wait to become rich

at some time.

So, you do your stuff, I'll do mine. I'm not here to help your mined or cheaply bought coins being worth more, I know that's what early adopters want from people but I couldn't care less about their coins and what they want

, I'm here to make what's best for me

If I lose all I've invested in btc, I won't lose a sleep, I've never invested more than I can forget.

My point is it doesn't matter when you buy, you can buy BTC now at 135 and if it goes down, you might have to wait longer to sell, but eventually, you'll sell at a profit. Sure, you can wait and buy when it dips, then you will have to wait until it goes up again to sell, if it ever does go up... so it's a matter of timing, that's all
With fiat... you just have fiat... Tongue

SAQ

newbie

Activity: 56

Merit: 0

The buying pressure seems slugish. The selling pressure is intense. We continue with the 10th of April crash down to 47.

Jaroslaw

member

Activity: 84

Merit: 10

supernode

We are slowly continue journey to the 120$

seleme

legendary

Activity: 2772

Merit: 1028

Duelbits.com

Quote from: deathcode on April 26, 2013, 08:38:27 AM

Quote from: seleme on April 26, 2013, 08:12:06 AM

I just feel more comfortable with fiat at the moment. If it goes up, I'll catch it up, I'll lose a bit but that's fine, just don't have a feeling the risk of staying behind is bigger than opposite.

This is the main problem with people in the bitcoin world. You trust fiat more? you certainly know that bitcoin can either go to $50 or go to $200 in a day, you just need to be patient and buy/sell at the right times. With fiat, well.. you have fiat, that's as fun as watching paint dry and by that I mean, slowly but surely that inflation is eating it up..

Yes, I trust fiat more at this moment. I've trusted bitcoins more for days before yesterday. I'm not investor, I'm trader and I'm not going to look my coins dipping to be worth 15/20/30 dollars less without selling and trying to buy more and have them more if I feel that's what I should do.

I don't care what anyone thinks about it, as long as volatility is as it is I'm not hoarding my coins, specially as I don't have enough of them to just wait to become rich

at some time.

So, you do your stuff, I'll do mine. I'm not here to help your mined or cheaply bought coins being worth more, I know that's what early adopters want from people but I couldn't care less about their coins and what they want

, I'm here to make what's best for me

If I lose all I've invested in btc, I won't lose a sleep, I've never invested more than I can forget.

proudhon

legendary

Activity: 2198

Merit: 1311

What's interesting right now is that we are just beginning to enter a phase of institutional interest, and, I think, as luck would have it for larger investors, people were scared into putting lots of bitcoin back on MtGox. The ask depth is looking very healthy, and that is exactly what is needed and wanted by people who want to invest $100k+. I think in the next 2 years we could see the bid depth on MtGox reach around $50 million, and the price will need to adjust upward (and there will be a subsequent dramatic correction, no doubt).

deathcode

copper member

Activity: 1428

Merit: 253

Quote from: seleme on April 26, 2013, 08:12:06 AM

I just feel more comfortable with fiat at the moment. If it goes up, I'll catch it up, I'll lose a bit but that's fine, just don't have a feeling the risk of staying behind is bigger than opposite.

This is the main problem with people in the bitcoin world. You trust fiat more? you certainly know that bitcoin can either go to $50 or go to $200 in a day, you just need to be patient and buy/sell at the right times. With fiat, well.. you have fiat, that's as fun as watching paint dry and by that I mean, slowly but surely that inflation is eating it up..

rpietila

donator

Activity: 1722

Merit: 1036

I would play lazy fat cat at this stage. If ever certain events occur, during the rest of the week, we are positioned to make about 100,000mBTC, which will support our current operations for 48 hours. If not, we just continue our current operations without this support, since the internal appreciation rate of our bitcoins is enough.

Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 33907. (Read 26504044 times)