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

[Taras]

Just checked my Virwox transaction history. I bought my first Bitcoin on March 29th 2013.

March 31st 2013.
Downloaded qt, tapped some faucets, forgot about it, remembered in late may, saw the price spike

[1714784429]

1714784429

[1714784429]

1714784429

[JayJuanGee]

Bitchick is a legend, always positive since day one she posted here 

Ahh. I guess I am extremely optimistic. BitChicksHusband was warning me today that on the next run in price we will sell some coins.    Why does this make me sad?  I then argue with him about it.  I think I have a problem.  I am more than a Bitcoin Hodler.  I am a Bitcoin Hoarder!

There is a time for everything.  A time to hold and a time to sell.  I will just have to let go as painful as it might be.

Maybe it depends upon how many BTC you have?  If you have less than 100BTC, then maybe would NOT want to get rid of too many, at that $3,000 price, but if you have 1000BTC, then getting rid of 100BTC may be easier to deal with at $3,000

That is my point.  We are not that early of adopters so we don't have a huge amount and that is why I just want to hold as long as possible. But there comes a point where one can sell systematically and buy back in during consolidation periods.  It does make sense to a certain degree.  

 You are about 8 months earlier than me... so in that regard, makes perfect sense to me for you to take some profits once in a while...   I am NOT quite to that stage yet, but if the price reaches even $1500 I may take a little profit... Of course, we have to consider how fast the price is going up.. and if there is a run, then that seems to be a good time to take some profit.. and buy back in later. 

Then, in essence, at some point, you may be playing completely with house money.  And, that point of having a considerable amount of one's investment as house money, is a very decent place to be, if one can get to that place (with some luck and some timing and some strategy).

[KFR]

Whatever else is true, I think most people consider that anyone resorting to threats in any argument instantly loses any shred of credibility they had remaining.

I would agree with that, but to be fair, Jorge was being taunted like a nerd set upon by a pack of schoolyard bullies.  No matter how reasonable and well-socialized and mature you may be, that sort of thing can elicit rash behaviour.  It's not an environment of rational, respectful argument.  It wasn't even worth the label "argument".    

I've spoken rashly here under less oppressive circumstances than that.

Well yeah I get that... and I do sympathise.  But it's not exactly his first day at the Internet.

Furthermore I appear to be included in the threat target group and I really don't think I'm guilty of conducting a concerted effort to direct any vitriol towards him - certainly never anything of a personal nature.  I've just expressed my increasing disappointment and frustration about his rather disingenuous 'technique', which is to present an agenda-driven opinion as if it were based on facts and objective research - not to mention consistently and consciously recycling already debunked arguments.

I too would prefer that all the people he antagonises would show some respect and civility - but throwing your toys out of the pram and threatening to 'teach people a serious and unforgettable lesson with just a few keystrokes' sounds like something an angry teenage script kiddy might say; not an academic of his years and experience.

[JorgeStolfi]

[ ... ]

It is not a "threat in an argument"; it has nothing to do with bitcoin, it is about attacking my person instead of my posts.

Why would I try to hide the fact that I delivered an apt and well deserved lesson to someone?

[boumalo]

We go down again

Last price 483USD on btc-e

Just checked my Virwox transaction history. I bought my first Bitcoin on March 29th 2013.

March 31st 2013.
Downloaded qt, tapped some faucets, forgot about it, remembered in late may, saw the price spike

It doubled between end of March and end of May but you could have sell at x3.5 in the beginning of May, you must not have get your hands on many btc in March 2013 with faucets though...

[JorgeStolfi]

I really don't think I'm guilty of conducting a concerted effort to direct any vitriol towards him.

Indeed, I hope we can just stop here.

[billyjoeallen]

The last time windjc and seleme were that agressive we were around 800$
Where´s Billie Jean btw? Busy buyin up all those cheap coins :-D

What part of "I am short" did you not comprehend?

Billy is selling his soul for more fiat, to then lock it into btc.

I really need to get to buying.. or sending money.. but I am some what content with my stash.. but 2 years from now I don't want to be saying I should have bought more on the dips.

I already sold my soul. That's what leverage is. I am leveraged long beyond all reason and sanity. There's a very real albeit improbable chance that a flash crash unrelated to fundamentals will trigger a margin call and wipe me out, but several smarter richer people will go down first if that happens.

[BitChick]

Whatever else is true, I think most people consider that anyone resorting to threats in any argument instantly loses any shred of credibility they had remaining.

I would agree with that, but to be fair, Jorge was being taunted like a nerd set upon by a pack of schoolyard bullies.  No matter how reasonable and well-socialized and mature you may be, that sort of thing can elicit rash behaviour.  It's not an environment of rational, respectful argument.  It wasn't even worth the label "argument".   

I've spoken rashly here under less oppressive circumstances than that.

Well yeah I get that... and I do sympathise.  But it's not exactly his first day at the Internet.

Furthermore I appear to be included in the threat target group and I really don't think I'm guilty of conducting a concerted effort to direct any vitriol towards him - certainly never anything of a personal nature.  I've just expressed my increasing disappointment and frustration about his rather disingenuous 'technique', which is to present an agenda-driven opinion as if it were based on facts and objective research - not to mention consistently and consciously recycling already debunked arguments.

I too would prefer that all the people he antagonises would show some respect and civility - but throwing your toys out of the pram and threatening to 'teach people a serious and unforgettable lesson with just a few keystrokes' sounds like something an angry teenage script kiddy might say; not an academic of his years and experience.

The cultists picking on Jorge again while forgetting a significant fact.

Jorge is Jorge, one of the few with the balls to front up on his identity here, a fact that is regularly used against him.  It seems bizarre that he can be accused of being insincere by people who hide behind pseudonyms.

As regards 'civility'...I've yet to see Jorge be uncivil to anyone here, while he is regularly subject to personal abuse. 

Jorge seems like a good guy.  I think the only thing that is frustrating to some of us is why he doesn't want to "join the fun" so to speak and just pick up a coin or two.   I suppose the frustrations of those that do not feel that he is "part of the team" is what can come out in antagonistic ways.  We should appreciate his honesty and his contribution to the board in that he brings different viewpoints here.

That said, I honestly wish he would buy a coin.  I wish everyone I know would.  Not for selfish reasons, but out of a sincere and altruistic desire for them to have something invested in one of the greatest opportunities that may come up in our lifetime.   

[KFR]

[ ... ]

It is not a "threat in an argument"; it has nothing to do with bitcoin, it is about attacking my person instead of my posts.

Why would I try to hide the fact that I delivered an apt and well deserved lesson to someone?

Well, 'delivering a lesson' is clearly a euphemism.

I can only speak for myself and you know that I'm not attacking you personally.

I have simply been asking you to try to be more objective and to endeavour not to mislead people.  Otherwise you are guilty of almost the very same 'crime' that you accuse these mysterious Bitcoin 'salesmen' of committing.

I'm sorry if you feel that this particular line of argument is ad hominem but if you are persistently selective about the arguments that you either ignore or respond to and if you consistently try to rehash dead issues in an effort to reinforce your own worldview - well, that's just not the same position that you're claiming to take.  It is an intellectually dishonest technique - at the very least it is certainly perceived as such.  I suspect that's what antagonises people so much.  Ad hominem is pretty much the only option they have left - not that I consider it to be a particularly honourable or even appropriate option.

So in the meantime you will continue to find that people either ignore your contributions and/or treat you with disdain, which is a very great shame because they would otherwise be most welcome.  

And I'm afraid that some people will always take things personally and direct insults towards you but that there is life on the Interweb.  I speak from experience here - I've suffered much worse unwanted forum attentions without resorting to threats.

I, and I'm sure many of the other grown-ups here, would be immensely grateful if you just took a moment to thoroughly challenge yourself and see that your position is just as you claim it to be.

We do want you here Jorge - well I certainly do.  But sometimes you make it damn hard to take you seriously.  

I can assure you that any ad hominem attacks directed at you would be treated with immense disdain, by both those who agree and disagree, if people felt that you were approaching things in a truly scientific, objective and/or academic way, which after all is the banner under which you are standing.

I mean no disrespect whatsoever and could not be more sincere.  And in that spirit I shall endeavour to refrain from commenting on your posts from now on.  Feel free to reciprocate the goodwill intended.

[Taras]

Is this the bottom? I just don't know what to think right now.
Lots of wall action, dozens of BTC100+ trades.

We go down again

Last price 483USD on btc-e

Just checked my Virwox transaction history. I bought my first Bitcoin on March 29th 2013.

March 31st 2013.
Downloaded qt, tapped some faucets, forgot about it, remembered in late may, saw the price spike

It doubled between end of March and end of May but you could have sell at x3.5 in the beginning of May, you must not have get your hands on many btc in March 2013 with faucets though...

I haven't even touched my March coins until September.
https://blockchain.info/tx/842d4cbc49af3fdd35dcdf366affe0d208b80b9f9ed37c68cf738c00c812fcff

[chessnut]

resuming long, risk is temporarily over. happy to make a penny out of the drop.

looking to short on a break of 465 however.

Hey, Chessnut!
Sorry mate...I'm not stalking you honest (but you do make a number of claims re your trading/intellectual prowess)...you seem to change your opinion very quickly (14 hours ago you were bragging about your EW mastery and posted a chart that claimed we were heading back to 540.  I see that worked out.

Since then I've been catching up and see

Quote from: chessnut on 29-03-2014, 08:43:57

...and still hodling long from 475  

12 hours later

Quote from: chessnut on Today at 08:18:09
im a day trader and it's been days since I opened long.

not to mention that i made a healthy profit.

Everyone's allowed to change their mind but its kind of shameless the way you state each changing position as being 'correct' while never acknowledging the fact you get things wrong regularly.

creekbore, changing your position and changing your mind is a different thing. I saw there was a risk of a break out so I closed my long. It did break out, but it was false and it lost momentum.
so I resumed long at a lower price, because I have'nt changed my mind. my quick thinking has served m well today, and I am not ashamed by the least.

I have been around a long time creekbore, thats not because im a loser trader. I am a very agile day trader and a long term holder aswell.


and wtf do you mean I get things wrong regularly? thats total BS. i bought at 560 and sold at 555. what else you got on me?

[JorgeStolfi]

We do want you here Jorge - well I certainly do.  But sometimes you make it damn hard to take you seriously.  

Wow, thank you very much for that.    And don't worry about taking me seriously; I am ony serious when I joke. 

[Xell]

An official denial of the rumor by the PBoC (should that happen) [...]

Hmm they had time to do that on Friday. Bitcoin is bad news for China, at least potentially. I think it's very believable they will try to get rid.

[chessnut]

and creekbore, we all notice you dont post your trades. scared?

you can stop being 'lazy cynical and insolent now'.

and seriously, look back into the trades Ive posted. Ive made only winning trades in the last 3 days. NOT A SINGLE LOSER.

[KFR]

Excuse me for interrupting the pecker measuring contest but could someone do me a favour and just sanity check something for me.

How many coins are for sale on Huobi right now?

[chessnut]

Excuse me for interrupting the pecker measuring contest but could someone do me a favour and just sanity check something for me.

How many coins are for sale on Huobi right now?

 

I wish I could help you there. but I just dont want to.

[Xell]

Excuse me for interrupting the pecker measuring contest but could someone do me a favour and just sanity check something for me.

How many coins are for sale on Huobi right now?

https://www.huobi.com/trade/index.php?a=depth

Big sell at 2910

[KFR]

Ta. 

[chessnut]

Well, there's the contradiction above plus the dick-waving you were doing yesterday about your EW chart.

You do claim to be 'right' a lot of the time...which makes a fool like me highly suspicious

If you've been around so long you'll remember (name redacted to avoid embarrassment) 'Reversal' thread (which has been deleted it seems)....that was full of very confident, highly intellectualised posts, lots of fancy graphs with lines and buckets.  It was pretty much wrong at every turn, yet every time people  would (with great agility) change their position and carry one posting new, concrete PoVs.  

And if you think I'm giving you a hard time you should have seen the stick they got.

Me, all I know is that I know little.

enough of your stupid riddles.

all you know is little, agreed.

no contradictions up there, the break out stalled and the chart is still valid fool.

this morning I sold at 495 and bought at 483.

it's easy to try bring down peoples reputations when you haven't got one isnt it?

[billyjoeallen]

An official denial of the rumor by the PBoC (should that happen) [...]

Hmm they had time to do that on Friday. Bitcoin is bad news for China, at least potentially. I think it's very believable they will try to get rid.

They officially denied a rumor a week earlier. I'm sure they think they have better things to do than deny every rumor that comes along. They had time to confirm on Frday also and they didn't do that.