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Question: 1/17 Closing Price:
<$33,000 - 4 (5.7%)
$33,000-$34,000 - 1 (1.4%)
$34,000-$35,000 - 2 (2.9%)
$35,000-$36,000 - 1 (1.4%)
$36,000-$37,000 - 1 (1.4%)
$37,000-$38,000 - 5 (7.1%)
$38,000-$39,000 - 4 (5.7%)
$39,000-$40,000 - 8 (11.4%)
$40,000-$41,000 - 8 (11.4%)
$41,000-$42,000 - 6 (8.6%)
$42,000-$43,000 - 4 (5.7%)
>$43,000 - 26 (37.1%)
Total Voters: 70

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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 25058793 times)
This is a self-moderated topic. If you do not want to be moderated by the person who started this topic, create a new topic. (157 posts by 13 users deleted.)
JayJuanGee
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How much alt coin diversification is needed? 0%?


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May 21, 2014, 08:53:24 AM

last time, it went from about 130 to over 1100 - almost a ten-bagger



this time, it's launching from 450

my question to you is, when are you selling?



Between $1200 and $5000, incrementally of course at a 1% on the low end stepping it up in increments 0.5% of the resulting new balance each ~3 days. I will build a spreadsheet so I don't get confused.

Edit:

BTC                  Amount sold       % sold
40                    0.4                   1.00%
39.6                    0.594             1.50%
39.006            0.78012               2.00%
38.22588          0.955647         2.50%
37.270233         1.11810699    3.00%
36.15212601    1.26532441         3.50%
34.8868016        1.395472064   4.00%
33.49132954    1.507109829     4.50%
31.98421971    1.599210985     5.00%
30.38500872    1.67117548      5.50%
28.71383324    1.722829994     6.00%
26.99100325    1.754415211     6.50%
25.23658804    1.766561163     7.00%





Your plan seems to be missing at least one important detail and that is the increments... you said every three days.. and that makes No sense... but if you said every $270 the price goes up, then that would divide up into 14 sales between $1200 and $5000 - but You could NOT measure specifically the time line for such a rise in BTC prices.

I am sorry the $1200-$5000 was meant to be that range of selling I will start at $1200 and 5.2857 weeks later we will be at ~$5000. My math is correct, so is my high hope.


Thanks for the clarification. 

You are confirming my suspicion that your plan is incomplete, and pie in the sky (at least regarding the timeline projection). 

It seems very unrealistic to have your trigger points to rake profits to be number of days to trigger the next raking of profits b/c it remains very improbable that any increase in BTC prices would follow a incremental and predictable uptrend.. it will not be linear and will likely be spurts and ups and downs - two steps forward and one step back and three steps forward and two steps back and four steps forward and four steps back and ten steps forward and three steps back... you get the picture?  In other words there is likely to be ups and downs in the price increases.  In other words, you should calculate dollar amount increases or percentages, such as ($270 or some similar amount) to trigger your next rake of profits.  Maybe the dollar amount would be lower at the low end of the projection b/c a lower amount represents a higher percentage of gain, and the dollar amount would be higher at the higher end of the projection. 

Actually, you can trigger a rake at every 10% growth or every 12% growth since your last rake.  Some of these terms and ideas are similar to the Rpietila SSS thread.





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ChartBuddy
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1PwXK9TpmmaaqaZz2eqcLkPU2C1Fcva39G


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May 21, 2014, 09:00:40 AM


Explanation
JayJuanGee
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How much alt coin diversification is needed? 0%?


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May 21, 2014, 09:06:50 AM

You mean the rally was caused by this post of mine:

Did you finally buy a bitcoin? No? Then you had nothing to do with the rally.

Jorge retains some fantasy illusion that his posts affect the behavior of some marginal newbies, and if he just saves one person or a few people from investing in BTC, then he has accomplished his objective - total bullshit, but what can one do?   probably we have to accept his to some extent.... or tolerate.....  NOT like we can get him banned - and he is pleasant enough, even though he can be a little annoying at times with his whimsical and outlandish theories.  Tongue
wachtwoord
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May 21, 2014, 09:23:10 AM

You mean the rally was caused by this post of mine:

Did you finally buy a bitcoin? No? Then you had nothing to do with the rally.

Jorge retains some fantasy illusion that his posts affect the behavior of some marginal newbies, and if he just saves one person or a few people from investing in BTC, then he has accomplished his objective - total bullshit, but what can one do?   probably we have to accept his to some extent.... or tolerate.....  NOT like we can get him banned - and he is pleasant enough, even though he can be a little annoying at times with his whimsical and outlandish theories.  Tongue

Please don't try to ban people that are civil.
Davyd05
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May 21, 2014, 09:42:59 AM

I will admit Jorge does keep it rather civil and on topic.. I consider animals on charts on topic Cheesy
ChartBuddy
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1PwXK9TpmmaaqaZz2eqcLkPU2C1Fcva39G


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May 21, 2014, 10:00:40 AM


Explanation
flynn
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May 21, 2014, 10:12:39 AM

there is clearly an urgent need for some dinosaurs
p0peji
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May 21, 2014, 10:13:07 AM

So all the money waiting on the sidelines has bought back in already? Huh
GreekGeek
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Jesus was a (Goddamn) hippy socialist


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May 21, 2014, 10:22:12 AM

So all the money waiting on the sidelines has bought back in already? Huh

not all  Roll Eyes

mladen00
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K-ing®


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May 21, 2014, 10:24:13 AM

Great Chinese wall on 500
simtal
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May 21, 2014, 10:32:59 AM

Does anyone think that now is a good idea to buy? Ive waited for a few months like I was told and now this has reverse?
ChrisML
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May 21, 2014, 10:34:04 AM

Does anyone think that now is a good idea to buy? Ive waited for a few months like I was told and now this has reverse?

The worst someone can do here is tell others to buy and sell. That is up to you.

latoxine
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May 21, 2014, 10:38:46 AM

Does anyone think that now is a good idea to buy? Ive waited for a few months like I was told and now this has reverse?


Welcome to the club...I've waited like you, a good advise I've received here was that whatever you choose, it is Your choice...
kehtolo
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May 21, 2014, 10:40:19 AM

Does anyone think that now is a good idea to buy? Ive waited for a few months like I was told and now this has reverse?

I'm not telling you to buy or sell..

I think this IS a/the breakout.
More confirmations required to confirm reversal. We need to stay above $550 in my opinion for reversal confirmation.
Though it would appear the downtrend is in fact broken.

A better time to buy would have been at $400-$430..

If momentum continues right through June.. we'll e over $600 by then. So, ask yourself.. what is the entry point you are looking for?
michaelGedi
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May 21, 2014, 10:47:56 AM

yeah buying at $450 or below would have been a better plan... what is the likelyhood of it going back down that way again? Feels slim... and I've not even been following the discussion charts.

I bought back in at $575 at my lowest because I got impatient.

You've been very patient, just don't be too patient. Ultimately the choice is yours, but I've been telling my brother to buy since we hit $500.


If the predictions of anything above the last all time high are correct, well, to buy anytime now is potentially good for you really.
GreekGeek
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May 21, 2014, 10:48:46 AM

Does anyone think that now is a good idea to buy? Ive waited for a few months like I was told and now this has reverse?

I apply this simple rule

how sure you feel this is the reversal/bottom/CCMF-begining ?

if you feel X% sure
then turn X% of your available fiat to bitcoins

for me X=25% now


latoxine
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May 21, 2014, 10:51:09 AM



Are we waiting for bad news that could bring down prices ?
oda.krell
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May 21, 2014, 10:52:16 AM

Yeah, IMO you aggressive bulls are jumping the gun here.  We popped a bit which caused wavering fence sitters to freak out and buy.  We'll consolidate here for a bit, and hopefully trickle up for a month... this price action will start convincing the larger players and the media that the next run is coming.  But I don't think its bubble time, instead compare it to the rebound from 2 to 4+ (in early 2012).


Great way of putting it.

I'm more optimistic than I have been in more than a month, but I'm puzzled when I see senior and hero members talk about the next ATH rally after we just broke the first line resistance, one of many more that we need to go through, complete with many more chances to retrace (and flatline) again for long stretches of time.
KFR
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May 21, 2014, 10:53:32 AM

Does anyone think that now is a good idea to buy? Ive waited for a few months like I was told and now this has reverse?

Most of my smart chums that were still waiting on the sidelines bought in at approx. $420 in the belief that it wouldn't go much lower, if at all. 

Do not invest more than you can afford to lose.  If you should decide to invest anything at all, buy it and hold it.  At some point you'll (probably and hopefully) have enough value to sell some, recoup your original fiat investment and retain a little coin as a long term investment.  Do not watch the charts every day and do keep your emotions in check.  If you're not a regular trader, charts can be very dangerous and very false friends.  Buy, hold, sell a bit when you can and keep some for the future. 

That's my advice.

Also, don't listen to anyone's advice on the Internet. Wink
magicmexican
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May 21, 2014, 10:54:57 AM

there is clearly an urgent need for some dinosaurs

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