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

[barbs]

well i freaked out and sold out at 72.9 like an idiot.

 

[tarmi]

well i freaked out and sold out at 72.9 like an idiot.

 

as long as you dont buy in at 79, you will have your opportunity to earn some btc.

[rezurect]

offtopic:
fuck, theres two of them.

http://en.wikipedia.org/wiki/Jaros%C5%82aw_Kaczy%C5%84ski
http://en.wikipedia.org/wiki/Lech_Kaczy%C5%84ski

guys, stop insulting the former PM and President of poland. Its rude.

DoubleTroll

[gandhibt]

Anyone been moving your orders back yet?

I caught the bottom perfectly this time around - my offer got bought at 75.17 (bitstamp, lowest was 75.11).
Now to watch how it develops. Ready to sell again on very short notice...

$78ish seeks an excellent place to sell those coins, now that you still can

Working through this thread cos I went to sleep with a (small) buy order at $71.11 - it filled of course, and I sold back out at $77.  Not sure why people on this thread aren't paying more attention to you and IAS?  I'm as bullish as anyone about Bitcoin as a disruptive technology, but paying too much for it doesn't help it *at all*

Thanks to Rampion, IAS and also to Blitz, although I don't eat his prediction of years of <100 USD/BTC. The probability for trend reversal is just too big if we are talking about that long time frame.

EDIT. And lets not forget to thank Frozenlock. Coinseeker though is just a troll, who didn't know shit was just trolling and now he's trying to take the glory. =)

[Jozzaboy]

fuck, theres two of them.


guys, stop insulting the former PM and President of poland. Its rude.

On the off chance he is the real thing, I wouldn't bring up his brother Lech, who passed away.

Wail on Jaroslaw all you like but I believe in respecting the dead.  

[circuitry]

my feeling is everyone is calmly and silently bracing for 55$. No fear, no panic, just waiting.

You'd be surprised at the amount of people who can't wrap their heads around the idea of "selling high and minimize your losses and then buying lower more of the stuff you like".

The "spartans hold" mentality is widespread and very harmful, but frequently people have to learn it the hard way.

[ag@th0s]

Stage 3? https://en.wikipedia.org/wiki/K%C3%BCbler-Ross_model#Stages

Does anyone else think that it is a little strange and inappropriate for a moderator of a bitcoin forum to be relentlessly campaigning against it?

No - he's telling the truth.  Take it as a public service exercise.

[gandhibt]

Why bounce from 55 and 65 but not from 50 and 60?

[wonkytonky]

my feeling is everyone is calmly and silently bracing for 55$. No fear, no panic, just waiting.

You'd be surprised at the amount of people who can't wrap their heads around the idea of "selling high and minimize your losses and then buying lower more of the stuff you like".

The "spartans hold" mentality is widespread and very harmful, but frequently people have to learn it the hard way.

yeah.. like i always do    sell low.. buy higher
goddamit.. sold at 72  .. drove to work..    its 78 - 79 !

every fucking time!!! i'm on the way to or from work ..   Think 'm going to quit my job..

[rezurect]

Stage 3? https://en.wikipedia.org/wiki/K%C3%BCbler-Ross_model#Stages

"Kübler-Ross did not take the personal environment into consideration. If patients are surrounded by positive experiences, they will experience things differently than if they were surrounded by negatives."

[gandhibt]

my feeling is everyone is calmly and silently bracing for 55$. No fear, no panic, just waiting.

You'd be surprised at the amount of people who can't wrap their heads around the idea of "selling high and minimize your losses and then buying lower more of the stuff you like".

The "spartans hold" mentality is widespread and very harmful, but frequently people have to learn it the hard way.

yeah.. like i always do    sell low.. buy higher
goddamit.. sold at 72  .. drove to work..    its 78 - 79 !

every fucking time!!! i'm on the way to or from work ..   Think 'm going to quit my job..

Quit your job and buy back at 50-65 USD.

[ag@th0s]

I come back and I would have figured sentiment would be coming more inline with reality.  But...this is Bitcointalk, where the bottom is right here...no there...wait here....up, up, up....no wait...it's just a correction, let me draw a line on my chart.  Oh snap, even the scammer Tradefortress popped in...must be serious...no, its Bitcoin...it can never die....Satoshi will save us...yeah....to the moon!!!!    

Seriously guys...what does it take for you to realize the severity of this situation?  In the "Hardcore Wall Observer", how many WALLS must be torn through, like the tin foil in your hats, before you stop asking where the bottom is?  Stop trying to justify it or explain it away.  There is no explanation other than this is REAL and it's happening.  Deal with it.  It's not as if you weren't warned...repeatedly.  I've got the ignore button glowing like a Las Vegas Strip club sign, to prove it.   

+1

[weaknesswaran]

Just had a call from Satoshi...he is very depressed that his creation is now being treated like a roulette wheel...so he has decided to sell up.

will we see the first million BTC wall on gox?

[Jozzaboy]

Buy pressure not swaying, even in sight of wallzirra jr.

[Rampion]

Why bounce from 55 and 65 but not from 50 and 60?

First big bounce in the $50s is expected to be in the mid or high $50s, too much people wanting in at $50.

Still, depending on how painful are the traps and crashes before that point, confidence that $50 will hold may be very damaged. Just look at how easily all the other crucial support points ($88 and $79) fell.

Personally, two months ago I was ready to bet that $50 was going to be the very bottom. Now, I'm more inclined to think that there is a 70% chance that the bottom will be lower, something between $20 and $32. Just because there is too many people saying $50 is THE bottom, and during a bubble deflation the very bottom is always lower than most think.

Still, I believe that buying BTC at $50 is again a good investment for the long term, regardless of where the very bottom will end up being. And we will have awesome action at that point, that's for sure

[barbs]

my feeling is everyone is calmly and silently bracing for 55$. No fear, no panic, just waiting.

You'd be surprised at the amount of people who can't wrap their heads around the idea of "selling high and minimize your losses and then buying lower more of the stuff you like".

The "spartans hold" mentality is widespread and very harmful, but frequently people have to learn it the hard way.

yeah.. like i always do    sell low.. buy higher
goddamit.. sold at 72  .. drove to work..    its 78 - 79 !

every fucking time!!! i'm on the way to or from work ..   Think 'm going to quit my job..

You and me both bro. tears.

[Jozzaboy]

my feeling is everyone is calmly and silently bracing for 55$. No fear, no panic, just waiting.

You'd be surprised at the amount of people who can't wrap their heads around the idea of "selling high and minimize your losses and then buying lower more of the stuff you like".

The "spartans hold" mentality is widespread and very harmful, but frequently people have to learn it the hard way.

yeah.. like i always do    sell low.. buy higher
goddamit.. sold at 72  .. drove to work..    its 78 - 79 !

every fucking time!!! i'm on the way to or from work ..   Think 'm going to quit my job..

You and me both bro. tears.

Tempted to open a short from here down. Lets see how good that 3k wall tastes first.

[barbs]

well i freaked out and sold out at 72.9 like an idiot.

 

as long as you dont buy in at 79, you will have your opportunity to earn some btc.

This will be my challenge.  At this point though, i'll sit by the sidelines all I can hope for is a dip, and I have to join Frozensmug now as a hopeful bear.

I made myself two rules

dont panic sell
don't selll everything in one go

And I did both this morning after waking up to a huge dump

[ag@th0s]

well i freaked out and sold out at 72.9 like an idiot.

 

Well my highly technical analysis at the moment is set your bids 10% below the current price (before you go to sleep)  and sell as soon as it gains $5.  Satisfaction not guaranteed  

[weaknesswaran]

Somebody buying his own wall?