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

[sarc]

Just curious: why don't folk reveal the position of their bids in advance, if this thread has no impact on the price?  

Certain people here are claiming that nothing being said in a silly speculation forum is affecting the price, on the other hand the same people can say things like "if you had listened to us and sold you would have been much better off now".

Of course what is being said in here matters, not much maybe, but there are people affected by what's being said here, even the troll box can influence people in their buying / selling.

it's good to be upfront about such things, thanks.

 

[N12]

The price declined just fine without me posting here, so I hope you guys can acknowledge that I do this simply because it's fun.

[gandhibt]

Bought at 65.5 sold at 69.99.. Suckers are making this easy..
wished i had guts to expose more of my dear fiat.

those "suckers" are the ones with guts. You can't win every round, but hey- like you said, you don't have the guts to expose your fiat, thus you also can't really ever 'win'. :-)

Following a rally is easier than taking the knife..And i consider my net profit of $1500 to be a win, you don't win until you sell 

See that's the thing. $1500 isn't profit. BTC is profit. Any fool can make $ in this market, but to increase your share of the limited supply of bitcoin is what will really matter in the end.

Well said. BULL does this for BTC, BEAR does this for fiat. I'm a bull in a bear market.

[N12]

I love the smell of freshly minted Bitcoins hitting MtGox in order to crush the delusions and denials of the bulls.

The Great Dollar Extraction.

[TheKoziTwo]

I love the smell of freshly minted Bitcoins hitting MtGox in order to crush the delusions and denials of the bulls.

The Great Dollar Extraction.

Don't forget to pay capital gains on your fiat profit. By the sound of it (assuming you sold $100+) that's going to be quite a dollar extraction from your wallet to the state.

[gizmoh]

Bought at 65.5 sold at 69.99.. Suckers are making this easy..
wished i had guts to expose more of my dear fiat.

those "suckers" are the ones with guts. You can't win every round, but hey- like you said, you don't have the guts to expose your fiat, thus you also can't really ever 'win'. :-)

Following a rally is easier than taking the knife..And i consider my net profit of $1500 to be a win, you don't win until you sell  

See that's the thing. $1500 isn't profit. BTC is profit. Any fool can make $ in this market, but to increase your share of the limited supply of bitcoin is what will really matter in the end.

More Fiat with cheaper Coins, more Win. The bear trend warrants me to have more fiat than coins
Fiat entering bitcoin economy is more limited than supply of coins currently, hence the decline.
Being stubborn can hurt in this game..

I want to hear about the BTC profits you make, fiat is only a temporary means to acquire more of the true asset. If you end up left behind in the coming rallies your fiat profit will leave a bitter taste in your mouth.

Clearly our ideology differs, you think in terms of coins but worry about the underlying dollar value of that asset, else you wouldn't be here!
I'm managing risk, and protecting my Fiat against a declining asset.
When there is a sustainable rally, il gladly hop in even if i missed the 1st class seat.

[N12]

I love the smell of freshly minted Bitcoins hitting MtGox in order to crush the delusions and denials of the bulls.

The Great Dollar Extraction.

Don't forget to pay capital gains on your fiat profit. By the sound of it (assuming you sold $100+) that's going to be quite a dollar extraction from your wallet to the state.

Worrying about taxes on your profits – first world problems.

[sarc]

The price declined just fine without me posting here, so I hope you guys can acknowledge that I do this simply because it's fun.

it wasn't a question pointed at anyone in particular, it was less specific.

[hlynur]

Just curious: why don't folk reveal the position of their bids in advance, if this thread has no impact on the price?  

Certain people here are claiming that nothing being said in a silly speculation forum is affecting the price, on the other hand the same people can say things like "if you had listened to us and sold you would have been much better off now".

Of course what is being said in here matters, not much maybe, but there are people affected by what's being said here, even the troll box can influence people in their buying / selling.

it's good to be upfront about such things, thanks.

only the whales can really decide when to call it a bottom and begin to buy in at some point.
the sheeps will follow their leader.
at this point you can only try following patterns if you want to trade.

People are known for their love of numbers so i see 50$ as a good psychological bottom,
but that's just my 2nd beer talking right now

[Voodah]

Bought at 65.5 sold at 69.99.. Suckers are making this easy..
wished i had guts to expose more of my dear fiat.

those "suckers" are the ones with guts. You can't win every round, but hey- like you said, you don't have the guts to expose your fiat, thus you also can't really ever 'win'. :-)

Following a rally is easier than taking the knife..And i consider my net profit of $1500 to be a win, you don't win until you sell  

See that's the thing. $1500 isn't profit. BTC is profit. Any fool can make $ in this market, but to increase your share of the limited supply of bitcoin is what will really matter in the end.

I'm sorry but this is extremely short-sighted and worthy of someone with 0 trading knowledge.

We're talking profit here. Even for long bulls, more USD means more BTC. It's as simple as that. Whether you like it or not, he now has 1500 USD worth of extra BTC.

Being a long bull DOES NOT mean you have take every loss that BTC goes through. There will ALWAYS be times when having more USD is the better way to have more BTC.

[Dalib]

Bought at 65.5 sold at 69.99.. Suckers are making this easy..
wished i had guts to expose more of my dear fiat.

those "suckers" are the ones with guts. You can't win every round, but hey- like you said, you don't have the guts to expose your fiat, thus you also can't really ever 'win'. :-)

Following a rally is easier than taking the knife..And i consider my net profit of $1500 to be a win, you don't win until you sell  

See that's the thing. $1500 isn't profit. BTC is profit. Any fool can make $ in this market, but to increase your share of the limited supply of bitcoin is what will really matter in the end.

I'm sorry but this is extremely short-sighted and worthy of someone with 0 trading knowledge.
We're talking profit here. Even for long bulls, more USD means more BTC. It's as simple as that. Whether you like it or not, he now has 1500 USD worth of extra BTC.
Being a long bull DOES NOT mean you have take every loss that BTC goes through. There will ALWAYS be times when having more USD is the better way to have more BTC.

But, when is Uptrend you need to have profit (USD) greater than the increasimg price for more BTC.
Now in down trend - You don't need "to do anything" for more Btc. (only sell soon after top and then buy at the beginning of the next uptrend)  

[TheKoziTwo]

I love the smell of freshly minted Bitcoins hitting MtGox in order to crush the delusions and denials of the bulls.

The Great Dollar Extraction.

Don't forget to pay capital gains on your fiat profit. By the sound of it (assuming you sold $100+) that's going to be quite a dollar extraction from your wallet to the state.

Worrying about taxes on your profits – first world problems.

So you're living in a third world country? Or are you happy to pay ~30% of your profit, effectively erasing all otherwise would-be profits made from a price decrease in the range of $100 to ~$77?

Bought at 65.5 sold at 69.99.. Suckers are making this easy..
wished i had guts to expose more of my dear fiat.

those "suckers" are the ones with guts. You can't win every round, but hey- like you said, you don't have the guts to expose your fiat, thus you also can't really ever 'win'. :-)

Following a rally is easier than taking the knife..And i consider my net profit of $1500 to be a win, you don't win until you sell  

See that's the thing. $1500 isn't profit. BTC is profit. Any fool can make $ in this market, but to increase your share of the limited supply of bitcoin is what will really matter in the end.

More Fiat with cheaper Coins, more Win. The bear trend warrants me to have more fiat than coins
Fiat entering bitcoin economy is more limited than supply of coins currently, hence the decline.
Being stubborn can hurt in this game..

I want to hear about the BTC profits you make, fiat is only a temporary means to acquire more of the true asset. If you end up left behind in the coming rallies your fiat profit will leave a bitter taste in your mouth.

Clearly our ideology differs, you think in terms of coins but worry about the underlying dollar value of that asset, else you wouldn't be here!
I'm managing risk, and protecting my Fiat against a declining asset.
When there is a sustainable rally, il gladly hop in even if i missed the 1st class seat.

I don't "worry" a whole lot about the underlying value, I'm holding roughly 95% in bitcoin and 5% in fiat and I sleep like a baby, and the only reason I hold any fiat at all is to buy back cheaper and increase the amount of bitcoins I own. It's all about BTC profits for me, in fact I don't mind the price going down at all, if it goes down far enough I will simply buy more, like I did in the previous bubble down to $2, I approximately quadrupled my position back then by buying in single and lower double digits. I would love to do that again.

Ideally I will never have to realize any fiat profit and be able to purchase everything I need with bitcoin.

Bought at 65.5 sold at 69.99.. Suckers are making this easy..
wished i had guts to expose more of my dear fiat.

those "suckers" are the ones with guts. You can't win every round, but hey- like you said, you don't have the guts to expose your fiat, thus you also can't really ever 'win'. :-)

Following a rally is easier than taking the knife..And i consider my net profit of $1500 to be a win, you don't win until you sell  

See that's the thing. $1500 isn't profit. BTC is profit. Any fool can make $ in this market, but to increase your share of the limited supply of bitcoin is what will really matter in the end.

I'm sorry but this is extremely short-sighted and worthy of someone with 0 trading knowledge.

We're talking profit here. Even for long bulls, more USD means more BTC. It's as simple as that. Whether you like it or not, he now has 1500 USD worth of extra BTC.

Being a long bull DOES NOT mean you have take every loss that BTC goes through. There will ALWAYS be times when having more USD is the better way to have more BTC.

Well there you go, it really is that simple, more BTC is what it's all about, just like I said. USD is a means to an end.

[yefi]

Who is this joker putting 3000 BTC at 70? Does he think he can single-handedly turn the market

[TheKoziTwo]

Seems some are still quite confident  

[Dalib]

by the way, someone built 3K Bids wall at 70.00 on the MtGox  

[wonkytonky]

nom nom bidwall

[bitcodo]

Wanted to post that, but wall was eaten

[seleme]

by the way, someone built 3K Bids wall at 70.00 on the MtGox  

what wall? 

eaten in 2 minutes, lol

[thef]

3k wall eaten in minutes. We are going down hard.

[TheKoziTwo]

aaaannnd it's gone