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

[kurious]

Hmmm... I work up there a bit, but it's a close call.  I think 'no' will be the result - but the unintended consequences of a 'yes' vote will have ramifications for the UK. Speaking from another part of the UK - it will not do me much good, personally - but it does fascinate me.

I can't see a Bitcoin benefit anytime soon, though - that is a little fanciful.  They will just keep the pound (whether England likes it or not) for now, perhaps for a long time to come.

'Yes' will be a bombshell for the UK and its place in the world will be questioned and a 'yes' will be also be more exciting to see - but I just don't see it (quite).

I just arrived in Scotland an hour ago with a colleague. We're going to be meeting with Labor at 6am to take part in the campaign during the day and then watch the votes come in at night. I don't really have a strong opinion. It does look like the vote will be 'No', so anything else will be a real shocker. The look of the woman at the front desk of our hostel was priceless when she heard that an Australian and an American had just arrived in town to campaign on the 'No' side.

If anyone is in Glasgow from now until Monday, send me a PM.

Am not there - but will be watching news with great interest - Glasgow is a great town.  Good luck with your efforts there, I hope you will prevail.

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[oda.krell]

Anyone knows loaded's stance on bitcoin these days?

I know he had a shit load of coins, probably around 80k

Must feel pretty shitty to lose all that money when price is going down lol. unless he sold

I think he was caught up in the Gox implosion and hasn't been very talkative since.

To quote the man himself:

It was not sizable enough to warrant a flight to Japan. However, it is sizable enough to ruin my weekend.

[adamstgBit]

we are bouncing



EDIT: well, maybe not 

who cares!

look at tho tits!

O_O

[ChartBuddy]

Explanation

[ShroomsKit]

And there we go.

[adamstgBit]

ah fuck this

* cutting looses *

[podyx]

ah fuck this

* cutting looses *

[nioc]

ah fuck this

* cutting looses *

When I bought my new computer in April one of the first things I did was add BitcoinWisdom to my favorites.  It shows the bitstamp price when I did so which is 445.75

So my btc are only worth what they were 5 months ago.

[Ultros]

ah fuck this

* cutting looses *

[mb300sd]

Just sold to pay this months credit card bill, clear sign it's going to go up any moment now.

[hodlmybtc]

Never expected to see coins this cheap again.

I'm buying all I can now

For you panic sellers out there you can sell your BTC at Bitstamp rate for Pokerstars $, Neteller/Skrill.

See my thread for more info: https://bitcointalk.org/index.php?topic=698739.0

[blade87]

Bubble delayed until 2016.

[derpinheimer]

ah fuck this

* cutting looses *

Not sure if serious, but, even as a "bear", I dont think this is a good exit price. I'd wait around for $465 then sell.

/Just my guess

If you make money off of my financial advice, send profits to: 1HB5XMLmzFVj8ALj6mfBsbifRoD4miY36v
If you lose money, too bad

[hodlmybtc]

People will regret so hard for selling under $600.

[chromosoma]

Children, what is going on? Why BTC is going down again?

[JayJuanGee]

This is so fucked up..

makes zero fucking sense
anyone thinks there's a chance for sub 300??
I don't know if I will sell my whole fucking stash or leverage HARD if we would sub 300

How much are down from your original investment, in %, if I may ask?

It looks to me like you're over-invested, and the best thing to do in all likelihood would be to reduce your position - not now maybe, but on the next larger rebound - to a size that makes you look at the market with less apprehension.

I know it sounds somewhat counter-intuitive, but any chance you could see yourself doing that?

Well my life savings are down about 40% but I also invested all my money(about 25% of life savings) on an average of about $120 so technically i'm not losing any money yet but I really don't wanna sell the coins I invested in at $120(they are in cold storage in several different banks) so you could say i'm down 40% with alot of money

My plan was to get my initial investments out when we would go for the next bubble ($4-5k)

So you're still up around 20% in total currently. At $300 though, you would be down around 20% in total.

I understand the reluctance to sell at less than what you had planned. Try not to panic sell, I'd say, and give it at least a thought to sell a part of your position when price seems to recover again, to reduce your exposure. Good luck

I don't know how you come to any kind of conclusion regarding the extent to which Podyx is up or down.


In reality, Podyx should add up all his BTC and add up all that he invested into it,including administrative and transaction costs - and that will give him his average cost per BTC.  Then when he compares that number to the current price then he will know the exact percentage that he is either up or down.

It is a little more complicated if taking all the various investments that a person has and then to figure whether up or down, but at least he would be able to provide a more specific estimate for the state of his BTC holdings.  And, having only $4-5k invested is NOT a great amount.. in my thinking (but that amount is all relative to a person's total wealth and other assets and income earning potential, I suppose)

High school algebra? Maybe even late elementary school?

HEY!!!!  We seem to have something in common!!!   I also have math and some basic algebra skills; however, I still had concluded that Podyx had NOT provided sufficient (and non-contradictory) facts in order to really figure out the specifics regarding the up or down status of his BTC portfolio. 

Maybe I just need to be lead more?

"Well my life savings are down about 40% but I also invested all my money(about 25% of life savings)" => ratio of investments known, 1 to 0.25

"I also invested all my money(about 25% of life savings) on an average of about $120" => investment sits at 450/120 of original value.

"Well my life savings are down about 40%" => bought (on average) at 450/0.6  = 750, so investment now at 450/750

==> (450/750+0.25*450/120)/1.25 = 1.23, he's up ~23% currently on the total investment (according to the numbers he gave. no further claim to correctness beyond that.)

Thanks for spoonfeeding me, and yes it appears that Podyx had given quite a few number to assist those up to the puzzle solving challenges.

Nonetheless, if Podyx is approximately 23%, then I am a bit unclear regarding the level of his complaining over spilled milk - that he could have been ahead more if the price had NOT gone down or if he would have taken another course of investment action.

[bigdave]

People will regret so hard for selling under $600.

If you sell as its going down and buy back cheaper, how do you figure?

[ChartBuddy]

Explanation

[derpinheimer]

People will regret so hard for selling under $600.

If you sell as its going down and buy back cheaper, how do you figure?

What he says is fact because a line on a chart PROVES that the price will approach infinity. There is absolutely no doubt that the price will rocket up by the end of Q1 2015. Its IMPOSSIBLE!! FOR THE PRICE TO STAY THIS FAR BELOW THE LINE. IT WILL APPROACH THE LINE AND OVERSHOOT IT.

My analytical skills mostly learned from:
https://www.youtube.com/watch?v=8wHMaJ6AtNs

[JayJuanGee]

@jayguanjee the $4k-5k figure was the price of bitcoin, not my investment

and @oda.krell some nice math skills you got there. I was impressed that you would call it right

I realize that a lot of us have high hopes for BTC prices to go into the 2x, 5x, 10x, 100x and potentially further... but really, it does NOT seem psychologically healthy to count on it.. I feel pretty good if my investment maintains its value, but surely, my perception of price appreciation on top of that is icing on the cake... In other words, we have to also maintain other wealth building and appreciation strategies.... though I have to admit that I, also, have placed a larger and larger percentage of my investment nuts into the BTC basket.