 Those were the days.... |
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some sell 50K BTC all at once quick it'll be fun!
oh wait that's right no single individual owns that much bitcoin anymore, ah fuck.
sooo....mmmm. I KNOW! call wallstreet tell them leocoin is the future, whatever it takes to get them to convinces all there clients to all sell all at once.
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sell off after cyber monday is to be expected.
[https://ip.bitcointalk.org/?u=http%3A%2F%2Fi.imgur.com%2FuMdhTS1.png%26t%3D558%26c%3DffD7JPayg1tXoA&t=558&c=J8Hk3F55ckTYxg[/img] so i'll get to cover then? good i'll double down now Adam, you may recall that I tend to sell very few coins; however, when the price is going down, it's inevitable that I wished I would have sold a few more.... today is one of those days for me. Also, if I do finally sell, then I tend to buy back too soon... for example buying back after a $5 or $10 or even a $20 drop (more extreme)..... I just tend to be a bit gun shy in terms of not having enough bitcoins in my portfolio, yet I believe I will get a bit better at selling a few more when prices move into the $500s and $600s, which could take place in December. What could be a good target date for a new poll? Some things in China seem to be currently affecting BTC prices... at least the appearance of a lot of volume, which may be fake or at least artificially driven by low fees and margin trading. Bitstamp has not really been too affected by all of that. I am not sure about whether the BTC scalability topic or conference is really having any meaningful effect on prices these days? Maybe selecting a longer term projection for a poll or even a compound question in the poll, for shits and giggles? What will be the high prices of bitcoin December 10? December 15? I don't really have a clue, but upwards seems fairly likely in my thinking..... Maybe I would guestimate $418 on December 10 and $444 on December 15 - with some ups and downs in between? EDIT: I do realize that a problem with my fairly short-term price projection is that once prices start to go up and if they were to go up an additional 15% or 30% in one to two weeks from today's price point, there is not only cashing in from profit takers, but likely there will evolve some stronger dynamics of additional upward exuberance that would cause BTC prices to go up to and beyond $500 again... maybe $500 or close to $600 becomes inevitable soon after crossing $420-ish? And, if prices get into $600... we may be fucked (in a good way) into the new ATH price levels? We should know that with current market caps (and the dominance of price setting on a few exchanges - mostly Bitstamp) Bitcoin tends to overshoot any semblance of what would otherwise be considered reasonable.sell very few coins is a good idea, if the price runs up higher and higher you can more easily double down, if you sell 1/3 of you bitcoin at 370 thinking " I am SURE charts will paint a double top " then price runs up, now you have to sell another huge chunk of bitcoin to affect your avg price. waiting for 600's might be longer then we think, i like to say >32000 in <2 years, but it could easily take 10 years, and it doesn't necessarily mean it will get there slowly, it could hang around in the sub 500 for a long long time and then years later break out of that and THEN head for 32,000$ who knows. or you wait a year for 600's, because you perceive this range as safe to trade, but you find out market had other ideas and pretty much skips 600-1000 range. take advantage of the price swings we see today, pretty sure 300-400 is a nice range to play in for the next few months. if you think of a poll you want to see please feel free to PM me. I did edit my earlier post prior to your response (so I added my edit in bold above). Regarding your various other points, I truly agree with them, including the potential of the BTC price to skip a whole large range - that is part of the reason that I get nervous to sell whole chunks of BTC. Regarding quantities of BTC that I have been trading in recent months, my total trading quantity remains relatively small and so far, comprises of less than 2% of my total BTC holdings... even when I add up several of the BTC sales that I have made and have not yet bought back (because the BTC price seems to have left that particular range). Even with such small percentages, I still get nervous that the price is going to shoot up and leave me in dollars with that portion of my portfolio. On the other hand, I have authorized myself to trade higher quantities of BTC in the higher price ranges ($600 to $1000), and you have touched upon one of my ongoing fears, and that is the possibility of having had sold a total of nearly 1/3 of my BTC stash between $600 to $1,000, and then BTC prices never ever again returning to such $600 to $1,000 price levels, which is certainly possible because such explosive dynamics have happened several times before in Bitcoinlandia. ya anything is possible in bitcoin land. and we wouldn't really be skipping over the 600-1000 range we've seen these numbers before... infact TA suggest that we will "skip over this range", TA says resistance at 400 is the thing to beat, once that's said and done all bets are off. once 400 is history ( trading above 450 for weeks on end, or spike >600, would qualify) i wouldn't go selling, i think what we will see there is the odd "bitcoin is more desirable at higher prices" paradox take full effect. |
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sell off after cyber monday is to be expected.
[https://ip.bitcointalk.org/?u=http%3A%2F%2Fi.imgur.com%2FuMdhTS1.png%26t%3D558%26c%3DffD7JPayg1tXoA&t=558&c=J8Hk3F55ckTYxg[/img] so i'll get to cover then? good i'll double down now Adam, you may recall that I tend to sell very few coins; however, when the price is going down, it's inevitable that I wished I would have sold a few more.... today is one of those days for me. Also, if I do finally sell, then I tend to buy back too soon... for example buying back after a $5 or $10 or even a $20 drop (more extreme)..... I just tend to be a bit gun shy in terms of not having enough bitcoins in my portfolio, yet I believe I will get a bit better at selling a few more when prices move into the $500s and $600s, which could take place in December. What could be a good target date for a new poll? Some things in China seem to be currently affecting BTC prices... at least the appearance of a lot of volume, which may be fake or at least artificially driven by low fees and margin trading. Bitstamp has not really been too affected by all of that. I am not sure about whether the BTC scalability topic or conference is really having any meaningful effect on prices these days? Maybe selecting a longer term projection for a poll or even a compound question in the poll, for shits and giggles? What will be the high prices of bitcoin December 10? December 15? I don't really have a clue, but upwards seems fairly likely in my thinking..... Maybe I would guestimate $418 on December 10 and $444 on December 15 - with some ups and downs in between? sell very few coins is a good idea, if the price runs up higher and higher you can more easily double down, if you sell 1/3 of you bitcoin at 370 thinking " I am SURE charts will paint a double top " then price runs up, now you have to sell another huge chunk of bitcoin to affect your avg price. waiting for 600's might be longer then we think, i like to say >32000 in <2 years, but it could easily take 10 years, and it doesn't necessarily mean it will get there slowly, it could hang around in the sub 500 for a long long time and then years later break out of that and THEN head for 32,000$ who knows. or you wait a year for 600's, because you perceive this range as safe to trade, but you find out market had other ideas and pretty much skips 600-1000 range. take advantage of the price swings we see today, pretty sure 300-400 is a nice range to play in for the next few months. if you think of a poll you want to see please feel free to PM me. |
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sell off after cyber monday is to be expected.
 so i'll get to cover then? good i'll double down now |
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i sold a bit.
hanging in there for more ups and downs.
i see painful lessons ahead of you  i told ya  this is nothing, the painful lesson is when i double down and it KEEPS ON GOING UP! |
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how i feel having sold at 345  |
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as the hours pass the following hours become increasingly critical
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0.125125BTC
I guess I won no bids for the last 6 hours... yes, this auction is over. wttbs won. |
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I have a feeling that it will test at least one more time 350 USD before further rise and I think rise it is.
Any thoughts?
 this looks fairly bullish to me, but i'd say we are overbought, and there is alot of overhead resistance placed at this level. if we do break down, 350 is a pretty good target, initially i was thinking 333, but the charts have since painted a much more bullish picture then i anticipated. Thank you for your response! It also looks bullish to me but I feel it needs a little downward to bunch up from there. Also looking 1w KDJ its turning already but it feels like it needs bit more townward movement before turning confidently upside and making nice cross through. In the same time its just laging indicator but going through history it newer turned so high before. Maybe this time is different. Whats your feeling about that? Thank you!  this time might be a little different...  market is more confident than 3 months ago, KDJ will probably turn higher than before, but it looks like KDJ can still go a little lower, and Stochastics are telling price is high not low. there's been much overhead resistance placed at 370ish, from that 500 spike before and let's not forget 400 was an extremely important number during the bear market the overhead resistance right above us must be monumental, shorting this isn't dangerous, sooner or later we'll see <350 once again. |
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I have a feeling that it will test at least one more time 350 USD before further rise and I think rise it is.
Any thoughts?
this looks fairly bullish to me, but i'd say we are overbought, and there is alot of overhead resistance placed at this level. if we do break down, 350 is a pretty good target, initially i was thinking 333, but the charts have since painted a much more bullish picture then i anticipated. Thank you for your response! It also looks bullish to me but I feel it needs a little downward to bunch up from there. Also looking 1w KDJ its turning already but it feels like it needs bit more townward movement before turning confidently upside and making nice cross through. In the same time its just laging indicator but going through history it newer turned so high before. Maybe this time is different. Whats your feeling about that? Thank you! this time might be a little different... market is more confident than 3 months ago, KDJ will probably turn higher than before, but it looks like KDJ can still go a little lower, and Stochastics are telling price is high not low. |
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I have a feeling that it will test at least one more time 350 USD before further rise and I think rise it is.
Any thoughts?
this looks fairly bullish to me, but i'd say we are overbought, and there is alot of overhead resistance placed at this level. if we do break down, 350 is a pretty good target, initially i was thinking 333, but the charts have since painted a much more bullish picture then i anticipated. |
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