It doesn't feel like we are going to go much lower 
yup looks like a bottom ( on one wants to sell coins for less then 10$ )
watching for high volume / low price moment to make it definite.
Topic: Wall Observer - MtGoxUSD wall movement tracker - page 965. (Read 1811594 times)
yup looks like a bottom ( on one wants to sell coins for less then 10$ )
watching for high volume / low price moment to make it definite.
Things I already learned the expensive way:
- first plan often is better than second plan
- decide, then stick to it
- wait long enough for it
+1
I learnt this the hard way too...
It doesn't feel like we are going to go much lower
But why for not you dump the 100K BTC for the us to be buying at much prices cheaper?
It doesn't feel like we are going to go much lower
..and if I was to buy in again, with a huge loss, I can be sure it will drop like a stone two days later!
I bought back in yesterday and the day before.
You will *never* guess what happened then!
Jimmies: rustled
Ente
Ente since you seem to be self-described as a terrible trader let me suggest a trading strategy that works if you are a long term bull (if you believe in the long term success of bitcoin).
1. Don't sell at a loss. If you get caught in a bull trap, move those coins into your long term holdings.
2. If the price declines significantly (by 25% or 50% you choose), buy what you can and trade those until this $ is caught above again (see 1).
3. If the underlying security really is a very long term bull, the lower it goes the better you'll eventually do...
4. Profit! :-)
Note that this degenerates in a bear market (if you keep getting caught) into the well known long term dollar cost averaging strategy
A similar, more constrained strategy is when the price drops in half, recheck fundamentals (i.e. is the outlook still very long term bullish?) and double your investment. This can be a very lucrative strategy because you end up with twice as much at the lower price as at the higher so if you get a full retracement to your original price you are way ahead.
If you pick the wrong security and it ultimately goes out of business... well, you lose! :-)
Thanks for the plan!
Yes, that's a kind of difficulty level I feel comfortable with :-P
It seems like I repeatedly have the problem to buy in too late/expensive. Being long-term bull, I have no problem sitting on my bitcoins and seeing the exchange rate drop.
My problems come when I think "hey, everything looks obvious that the rate will drop in the next days! I sell now to buy back in with a profit!" and then the price just keeps on climbing. Eventually I buy back in, at a loss (and then the price drops like a stone).
Currently, and normally, I have no fiat laying around (on Gox etc). I am 100% bitcoin, and sell only to play a round of "bad speculator". So when the price drops, like now, I can't even buy additional bitcoins..
Things I already learned the expensive way:
- first plan often is better than second plan
- decide, then stick to it
- wait long enough for it
Thank you people for your thoughts!
Maybe a new thread is due?
Ente
This looks manipulated. Staying on bull.
Dude, look at the charts from a little bigger distance (not too far away, of course).
10$ to 9.50$ This weekend and than starting next week with a nice bull trap.
-> coinrain
this look like the wall got herpes
This looks manipulated. Staying on bull.
Time to panic.
..and if I was to buy in again, with a huge loss, I can be sure it will drop like a stone two days later!
I bought back in yesterday and the day before.
You will *never* guess what happened then!
Jimmies: rustled
Ente
Ente since you seem to be self-described as a terrible trader let me suggest a trading strategy that works if you are a long term bull (if you believe in the long term success of bitcoin).
1. Don't sell at a loss. If you get caught in a bull trap, move those coins into your long term holdings.
2. If the price declines significantly (by 25% or 50% you choose), buy what you can and trade those until this $ is caught above again (see 1).
3. If the underlying security really is a very long term bull, the lower it goes the better you'll eventually do...
4. Profit! :-)
Note that this degenerates in a bear market (if you keep getting caught) into the well known long term dollar cost averaging strategy
A similar, more constrained strategy is when the price drops in half, recheck fundamentals (i.e. is the outlook still very long term bullish?) and double your investment. This can be a very lucrative strategy because you end up with twice as much at the lower price as at the higher so if you get a full retracement to your original price you are way ahead.
If you pick the wrong security and it ultimately goes out of business... well, you lose! :-)
Amazing lack of depth in either direction. My vote is down. Just takes time to suck all the cash out of the little guys. Need a month more.
..and if I was to buy in again, with a huge loss, I can be sure it will drop like a stone two days later!
I bought back in yesterday and the day before.
You will *never* guess what happened then!
Jimmies: rustled
Ente
I'm voting for down as well. I think the weekend dip manipulator is just getting started.
Amazing lack of depth in either direction. My vote is down. Just takes time to suck all the cash out of the little guys. Need a month more.
Agreed, putting my sell price up at 11.27.
i predict we'll be back to 11$ within 12 hours 
price going down i dont care i am short
Manipulator Bull VS Manipulator Bear right now! 
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