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

[SnokkomBTC]

Bitcoin horror story, read this:

https://www.reddit.com/r/BitcoinMarkets/comments/2kalug/desperate_personal_advice_sought_after_buying_at/


It's very sad and it's not a joke, I wouldn't even know what to say to that poor guy.
A very important reminder that one should NEVER expose himself to risk in investing/trading more that one is afford to lose.
Never expose yourself to that kind of risk.


Jesus Christ.

Very sad for this guy, but he earns 79,000 $ per year. He can pay off in a few years. It's just an expensive learning phase.

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[findftp]

Bitcoin horror story, read this:

https://www.reddit.com/r/BitcoinMarkets/comments/2kalug/desperate_personal_advice_sought_after_buying_at/


It's very sad and it's not a joke, I wouldn't even know what to say to that poor guy.

I know:
That he's a dumb idiot who sooner or later lost all his 'money' anyway.

[octaft]

I know:
That he's a dumb idiot who sooner or later lost all his 'money' anyway.

You'd best not be so judgmental, considering it's dumb idiots like him that you're going to need to fuel any future bubbles. Once enough of those idiots stop being idiots, what happens to the price, then?

[findftp]

I know:
That he's a dumb idiot who sooner or later lost all his 'money' anyway.

You'd best not be so judgmental, considering it's dumb idiots like him that you're going to need to fuel any future bubbles. Once enough of those idiots stop being idiots, what happens to the price, then?

He sounds pathetic, he is loving that paper money way too much to feel bad about the investment.
He even says he is not in any financial problem or anything like that.
The only thing left is his investment is less worth than what it was when he started.
Well, we all would be gazillionaires if we were able to catch the bottom.

Everybody lost a trade because you can't win all the time, then you should be called JPMorgan or something (because *they* can)
To anyone in the same situation: stop whining, count your coins and keep them safe.

But you're right, we need the idiots. But he's asking to be judged because he posts his story on a website.

[Wandererfromthenorth]

Yeah it's true that it could have been a lot worse.


Edit: Ok I didn't read the last part.
Well in that case he just sounds like a greedy whiny dumb fuck.  lol

[octaft]

He sounds pathetic, he is loving that paper money way too much to feel bad about the investment.
He even says he is not in any financial problem or anything like that.
The only thing left is his investment is less worth than what it was when he started.
Well, we all would be gazillionaires if we were able to catch the bottom.

Everybody lost a trade because you can't win all the time, then you should be called JPMorgan or something (because *they* can)
To anyone in the same situation: stop whining, count your coins and keep them safe.

But you're right, we need the idiots. But he's asking to be judged because he posts his story on a website.

Well when everyone is telling you OMG OMG OMG BUY BUY BUY and WE WILL NEVER SEE <1000 AGAIN, what do you think the point of those posts is? To get people who missed the train to panic and buy, obviously, when the correct play is to say "fuck it I missed the train, wait for it to come back." But of course the over-enthusiastic (and possibly over-invested) people won't ever tell you that, because they want it to keep going up on the back of greater fools.

What's funny is many of the same people who judge him for his poor decision now would probably have congratulated him when we were near the top for getting them "so cheap."

Yeah it's true that it could have been a lot worse.


Edit: Ok I didn't read the last part.
Well in that case he just sounds like a greedy whiny dumb fuck.  lol

I mean it's true, but he cops to it and admits his greed has been his undoing, at least. That's a ray of hope for him that he'll learn from this mistake instead of burying himself all the way to hell.

[Erdogan]

When the panic buys come and there is no Mt Gox to sell fractional reserve coins, how much faster will the price rise?

Interesting angle.

[findftp]

Well when everyone is telling you OMG OMG OMG BUY BUY BUY and WE WILL NEVER SEE <1000 AGAIN, what do you think the point of those posts is? To get people who missed the train to panic and buy, obviously, when the correct play is to say "fuck it I missed the train, wait for it to come back."

I actually gave that advise once.
A friend of mine called me to ask for the easiest way to convert 10k into bitcoin. It was his boss wanting to 'invest'. (somewhere when bitcoin did 700 in november)
I told him to call his boss an absolute idiot who could better flush his cash into the toilet.
What a dumb fuck that was,.. I was even feeling angry at the time, how could anyone invest in something they did not understand? I felt that I had to protect someone who was too stupid to figure out how to typ "how do I buy bitcoin" into google.

But of course the over-enthusiastic (and possibly over-invested) people won't ever tell you that, because they want it to keep going up on the back of greater fools.

Yes of course! Because without poor no rich!

[findftp]

Nothing. Deleted

You know there is a button to delete the complete post do you? Just next to the edit button

[Coinshot]

Bought in too early, thought it will go up off 350.

Will get paid on Monday and so hoping that prices stay like this till next Thursday.

[jonoiv]

in about 1 -2 hours the break out should happen.  It looks pretty bullish to me.

[touhonoob]

in about 1 -2 hours the break out should happen.  It looks pretty bullish to me.

http://s18.postimg.org/j54r18709/ppp.png

break out again  

[octaft]

in about 1 -2 hours the break out should happen.  It looks pretty bullish to me.

If you're just looking to buy and hold, you probably should not be using 15 minute charts.

[smoothie]

Bitcoin horror story, read this:

https://www.reddit.com/r/BitcoinMarkets/comments/2kalug/desperate_personal_advice_sought_after_buying_at/


It's very sad and it's not a joke, I wouldn't even know what to say to that poor guy.
A very important reminder that one should NEVER expose himself to risk in investing/trading more that one is afford to lose.
Never expose yourself to that kind of risk.


Jesus Christ.

Bitcoin is now in the despair phase.

Getting really close I would say. When it hit $275 that was despair. If it goes near that again that would be the same.

Let all the weak hands sell now so we can start the march on UP.

[jonoiv]

in about 1 -2 hours the break out should happen.  It looks pretty bullish to me.

If you're just looking to buy and hold, you probably should not be using 15 minute charts.

I do a bit of everything. But i'm using the 15 min to show when the ext big movement will come.   And it will come in in the next hour or so imho

[lyth0s]

in about 1 -2 hours the break out should happen.  It looks pretty bullish to me.

If you're just looking to buy and hold, you probably should not be using 15 minute charts.

I do a bit of everything. But i'm using the 15 min to show when the ext big movement will come.   And it will come in in the next hour or so imho

I seriously doubt it, but I'd love to be wrong

[jonoiv]

If you're just looking to buy and hold, you probably should not be using 15 minute charts.

I do a bit of everything. But i'm using the 15 min to show when the ext big movement will come.   And it will come in in the next hour or so imho

I seriously doubt it, but I'd love to be wrong

You will be loving it 

[ejinte]

look what happened last year at this time

[Newbie1022]

Ok, so I am a bear, but what the f--- are these maniac shorters doing? The shorts have been around 13,000 on BFX for several hours, the price has stabilized or gone up slightly, and the price on BFX is $3 below that of BTC-e. For a while I thought there might be a chance for a flash crash on manipulation, but we've stabilized. I can understand being wary to buy in at this point, but to have a short right now is pure f---ing madness. Who the hell wants to be in a line with 13,000 BTCs trying to close out the shorts? That's f---ing nuts.

[brg444]

When the panic buys come and there is no Mt Gox to sell fractional reserve coins, how much faster will the price rise?

Interesting angle.

and no China to fake ban Bitcoin