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27601  Bitcoin / Bitcoin Discussion / Re: I am pretty confident we are the new wealthy elite, gentlemen. on: October 04, 2014, 01:06:34 AM
why creator of the post is now anonymous?



If you read the thread, you will see that it was posted by Atlas.. who was subsequently banned.. and apparently a notorious poster.
27602  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: October 04, 2014, 01:01:19 AM
no cents on that 1163?


We don't need to be that precise in our quote.. but at least our reference is the same.. probably you could say $1,160 or $1,165 or $1,170... and we will know what you mean...

But $1,250?  I know what you mean, but it was still a bit of a large rounding.. or just referring to the wrong exchange's price... I am NOT accusing you of misquoting on purpose or for spin.. .. b/c it seems you were merely making a reference to a quick rise to an ATH...
27603  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: October 04, 2014, 12:52:56 AM
Okay here is a theory for comment.

What if a fund is cashing out for tax purposes because today is the end of the fiscal year?

In other words, window dressing?

If so, tomorrow or Monday they start buying it all back.

If this is true and they are on the West Coast of US, then the dumping will stop in about a half hour.

Question,  would the fund, or business, or whoever is dumping before the fiscal year end buy back the following day?  Can they wait until after 5:00PM or do they need to wait until midnight?

I think there is definitely some validity to this theory.  

Bitchick:

I believe that your leg is being pulled - there is no extension of the fiscal year... most of the time the end of the fiscal year is going to be September 30 for those businesses using October 1 as the beginning of their fiscal year.  

I know of no exceptions to this, and if someone is describing an exception, then cite the source - or explain.

I do think that companies can set their own fiscal year, and ending the year in the middle of a week would probably not be the standard practice,  so I would believe that there is some truth to this idea.

Per Wikipedia:
Quote
Some companies choose to end their fiscal year on the same day of the week, such day being the one closest to a particular date (for example, the Friday closest to 31 December).

Last year big sell off on Bitstamp also occurred at end of fiscal year. Oct 1st was the day. Price went from $126 to $85

Then the huge rally started to 1250!!!!!!

To save ambiguity, these days, unless specifying otherwise (which exchange you are referring to) we use the Bitstamp price here as the default quoted price. which was $1,163 as the previous ATH... NOT $1,250... you must be referring to some other exchange?
27604  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: October 04, 2014, 12:12:26 AM
Okay here is a theory for comment.

What if a fund is cashing out for tax purposes because today is the end of the fiscal year?

In other words, window dressing?

If so, tomorrow or Monday they start buying it all back.

If this is true and they are on the West Coast of US, then the dumping will stop in about a half hour.

Question,  would the fund, or business, or whoever is dumping before the fiscal year end buy back the following day?  Can they wait until after 5:00PM or do they need to wait until midnight?

I think there is definitely some validity to this theory.  

Bitchick:

I believe that your leg is being pulled - there is no extension of the fiscal year... most of the time the end of the fiscal year is going to be September 30 for those businesses using October 1 as the beginning of their fiscal year.  

I know of no exceptions to this, and if someone is describing an exception, then cite the source - or explain.
27605  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: October 03, 2014, 11:43:14 PM
$341 ... damn.

That is NOT a stamp price because the lowest stamp price today, so far has been $353.75.

27606  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: October 03, 2014, 10:37:36 PM
Jesus never existed, he is and has not ever been. Not a single piece of evidence exist, just retarded, ignorant people, living in fear of reality think there is a god or super-being out there. You are just lustful, and greedy like all of us primates..  

Can we please leave religion out of here.  There is enough polarization on these boards already  Smiley.

Yeah... leave out religion and sex... Politics is o.k..   Cheesy Cheesy
27607  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: October 03, 2014, 10:24:42 PM
Wasn't Gabi supposed to take us to the moon? What usernames were repeating that every day? Why do i never see anyone here saying they were completely wrong and delusional?

Doesn't GABI allow for a lot of the same things that the COIN ETF would allow for?

no

a etf means anyone who could buy some stocks at NASDAQ can buy BTC easily as much as he like. pretty big step for bitcoin.

GABI is a hedgefund that only a fraction is allowed to invest and that has high minimal orders. also GABI lets you enter or leave only once a month.

-> completely different game as an ETF

Ok. that seems to make sense.  I know Bitcoin needs an ability to be able to get cash into the system quickly and through trust-worthy avenues because it seems that the exchanges do NOT allow for such - and they control the prices.  ON the exchanges, it is easy to get in bitcoin, but people are reluctant to send their cash to the exchanges (and it is slow).
27608  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: October 03, 2014, 10:10:56 PM
Wasn't Gabi supposed to take us to the moon? What usernames were repeating that every day? Why do i never see anyone here saying they were completely wrong and delusional?

Doesn't GABI allow for a lot of the same things that the COIN ETF would allow for?
27609  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: October 03, 2014, 09:11:45 PM
Quite frankly, I reckon the smartest thing right now is to go in with ATLEAST 30-50% of your whole capital and pray

Maybe we'll go a bit lower

i'm planing to buy just a little bit everyday

not looking to catch no bottoms

Currently, I am exercising a variation of that kind of a practice.. buying frequently, but trying to catch the bottom within that 1 day or 2 day period (depending on how frequently i am buying).

Edit: By the way Adam, is your average buy in price in the black or the red, currently?

i lost count. must be like 580ish

WTF, 580 is very high price, if you really did averaging, why don't you buy some coins
now and do avg and try to bring your price down to 450 lv .

He has run out of fiat.

Happened to me a few times, bought in too soon and then stuck without fiat for the lower prices.

That seems to happen to me on like a monthly basis, or nearly.. attempting to hang onto enough fiat.
27610  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: October 03, 2014, 09:01:36 PM
I buy coin November/December high price 1000. They say no bubble. How this go down? Please help.

You sound like a troll, and if NOT you sound silly to rely upon "they say"

probably the best solution, at this point, would be hari kari   Embarrassed Sad Cry
27611  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: October 03, 2014, 08:51:16 PM
Quite frankly, I reckon the smartest thing right now is to go in with ATLEAST 30-50% of your whole capital and pray

Maybe we'll go a bit lower

i'm planing to buy just a little bit everyday

not looking to catch no bottoms

Currently, I am exercising a variation of that kind of a practice.. buying frequently, but trying to catch the bottom within that 1 day or 2 day period (depending on how frequently i am buying).

Edit: By the way Adam, is your average buy in price in the black or the red, currently?

i lost count. must be like 580ish





I don't mean to beat a dead horse because several posters here likely assume that you are very rich in BTC because you have been involved in BTC much longer than a lot of the rest of us (since 2011-ish, i imagine), but in the past, I recall that you had posted that you had been trading BTC etc and sometimes you had made some bad trading choices.... but more recently you have fallen more into the buy and hodl practices because you are considering the buy and hodl methods to be a safer long-term approach.. given the outside whales that influence BTC (and you are NOT affiliated with any whale) and because these BTC price bottoms are so difficult to time or figure out?

Currently, I am at about $594 average per BTC - and more or less I fall into the buy and hodl school of thought, too (especially while my BTC portfolio remains in the red), though I have been considering that I will probably engage in some trading with small portions of my BTC portfolio once prices get at least 15-20% in the black for me (that is if that ever happens... he hehe).  

Currently, I have accumulated quite a bit of BTC because I thought that the moon rocket was coming in the May/June/July-ish time-frame; yet, the quantity of my BTC holdings is becoming such that it is is more and more difficult to bring down my average costs per BTC through accumulation - though at these low prices, it becomes very tempting to tap into one or two sources that I had been considering converting into BTC investments.... seems to be a big dilemma for me and ongoing temptations with these low BTC prices.

Maybe I am seeming like some other posters here who are - wanting to double down on BTC and to leverage in some respects - and seeming to be a little bit on the line whether the extent of our BTC investments are too exposed?   Seems like each of us gotta keep in mind that we cannot let potential greed and/or overly-inflated expectations regarding the future performance of BTC prices to guide us in our investment choices?


Edit:  By the way, I recommend keeping an excel spreadsheet.. b/c it is easier to keep exact track of BTC financial specifics.





27612  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: October 03, 2014, 08:26:40 PM
JayJuanGee has anyone ever told you that you´re quite a bit nosy especially when it´s about the finances of other people??


Edit: Everyone in here besides you has bought in below 20$ , lol.


First:   I'm NOT sure whether it matters what other people have told me regarding my posts and or questions of other posters here?

Second:  inquiring about various financial aspects of posters frequently is relevant to the investment practices of others and what they are suggesting concerning investment practices or even to better understand their described course of action and how they see the walls and/or chose to allocate their risks.... Some aspects of finances of other posters are more relevant than others, and I tend to share quite a few aspects of my finances as related to BTC, especially if I am making certain kinds of points or if someone suggests that my investment situation may be relevant to something that I have said... though of course, I do NOT necessarily share everything within the public thread, and I expect that others are going to have varying degrees of comfort regarding sharing information concerning details of their BTC related investments.

Third:  You hardly would seem to be a reliable source regarding the disclosure of the average buy in prices of "everyone in here," which makes me wonder about your level of BTC investment... which based on the hostility contained within your last post, i have several doubts about whether you are going to be forthright with any of your BTC investment particulars and to share them with us... even though some of these particulars may be relevant to understanding if you are suggesting that we buy or sell BTC at a certain price point... which you have done from time to time in recent times.
27613  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: October 03, 2014, 08:13:45 PM
Quite frankly, I reckon the smartest thing right now is to go in with ATLEAST 30-50% of your whole capital and pray

Maybe we'll go a bit lower

i'm planing to buy just a little bit everyday

not looking to catch no bottoms

Currently, I am exercising a variation of that kind of a practice.. buying frequently, but trying to catch the bottom within that 1 day or 2 day period (depending on how frequently i am buying).

Edit: By the way Adam, is your average buy in price in the black or the red, currently?

Bottom chasing is a thrill. Catching tops... I'm not so fond of.

Probably, I am the opposite, but possibly how you feel about the situation would depend upon if you are shorting or long or if you are in the red or in the black.
27614  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: October 03, 2014, 08:03:55 PM
Quite frankly, I reckon the smartest thing right now is to go in with ATLEAST 30-50% of your whole capital and pray

Maybe we'll go a bit lower

i'm planing to buy just a little bit everyday

not looking to catch no bottoms

Currently, I am exercising a variation of that kind of a practice.. buying frequently, but trying to catch the bottom within that 1 day or 2 day period (depending on how frequently i am buying).

Edit: By the way Adam, is your average buy in price in the black or the red, currently?
27615  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: October 03, 2014, 07:48:46 PM
It will probably stay at $200-400 for the next 2-3 years until the block rewards stop

Too much money is given away to miners. Even now at the low price of $400, they get about $1.5 million a day.



You may need to research a little bit more b/c the block rewards are NOT going away until 2140-ish, which is quite a way into the future...

And, there are costs to acquiring mining equipment and operating such equipment, so hardly seems like a give away... but then again, you seem to be just trolling with the out of touch nature of your comment.
27616  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: October 03, 2014, 07:44:17 PM
NJCarlos:   What's your average buy price per BTC including transaction fees?   Are you in the red or in the black?
I'm actually playing with gains at this point. My initial investment is currently on the sidelines in fiat. If I wait until $350 and put my initial investment back in, I imagine my average cost per coin would be around $150 or 200, since I have been buying small quantities at specific intervals since $420-430. All in all, I'm not in a bad position, and since I'm playing with gains (no disrespect to anyone that's in the red), I'm inclined to hold and not attempt to time the bottom. Instead, I'll try to time the bottom with additional fiat. That's my gut feeling atm, at least.


It sounds like you have a decent plan - i was just a bit confused by the tone of one of your earlier posts, which caused me to believe that you may have been in the red.... Much better to be in the black than in the red, especially when BTC is experiencing nearly a 70% retracement from its ATH, which could become even greater, and you seem to be pretty well situated, even if the retracement is greater.   Smiley
27617  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: October 03, 2014, 07:27:01 PM
Holy shit,check the Satoshi wallets!  Undecided
uh oh  Shocked

The CEO is selling off his Bitcoins?

Is Crypto done??  Huh

Link or it didn't happen...
27618  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: October 03, 2014, 07:19:43 PM
For the first time i'm wiring loaned money to exchange. Let's see how this turns out Cool (will be waiting for better price though. I'm thinking maybe $280 unless we see a clear reversal)

Maybe i'm already ruining my moneymaking career or my life for that matter but gotta give it a shot

Worst case scenario, i'm sure someone of you nice fellas can get me a g23 so i can blow my fucking brains out Grin (Living in sweden it's tricky to get guns)

Never invest more than you can afford to lose, and I would NOT bank on BTC prices going that low... Will be lucky to break $320, but what the fuck do I know?  Seems like these BTC price probabilities are an evolving target, and I would NOT put it past whale manipulators to keep manipulating.. and with the current set up of buying off exchange and selling on exchange, there is probably considerable ability for some of these bear whales to NOT run out of coins.
27619  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: October 03, 2014, 07:15:09 PM
I'm actually, legitimately, nervous. If we significantly breach $350 or $300, there's no telling how low we can go before the mass selling ends. Perhaps it's just a momentary paranoia speaking.

paranoia is driving prices...

we are doomed!
I'm fighting off the urge to cut my losses and accumulate a bit more. I think if we breach $360 I'll be doing that... it's hard not to. I lose money everytime I try to time downturns but this feels a bit different for some reason. Might still just hold and accumulate w/ fresh fiat if we go much lower. This paranoia isn't helping Sad

when you feel you've hit rock bottom, sell all your bitcoins.

Yeah that's one way to lose out on potential profits...  Angry   Cry
27620  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: October 03, 2014, 06:47:03 PM
I'm actually, legitimately, nervous. If we significantly breach $350 or $300, there's no telling how low we can go before the mass selling ends. Perhaps it's just a momentary paranoia speaking.

No paranoia my friend i am nervous too. But i think bitcoin will survive as technology

bitcoin could easily survive as technology with price being 10$ and lower....

That's NOT really the current and/or pressing question about whether BTC can survive as a technology...  At this point, a fairly large, if NOT overwhelming majority of us, maintain a fairly high certainty that bitcoin will survive as a technology. 

Currently, most of us are mauling over the ongoing price depreciation which seems to be moving contrary to the large amount of good news that we have been receiving.. and that most of us, including your truly remain fairly puzzled about what is taking so long for the upward price swing to begin.. .personally, I thought that we were going there in May/June/July time-frame, but thereafter, BTC prices suffered a trend reversal that has been going on ever since and really demonstrates a fairly intense downward trend in the last 10 months, in spite of a large amount of capital flow into various aspects of the BTC infrastructure, which would cause many to conclude that these investors, at some point (possibly in the near future) will want to receive some kind of return on their investment - which in part was likely calculated through expectations regarding BTC price movements.
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