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

[adamstgBit]

sell off after cyber monday is to be expected.

so i'll get to cover then? good i'll double down now

[1714316417]

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[1714316417]

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[1714316417]

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[1714316417]

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[ChartBuddy]

Coin



Explanation

[JayJuanGee]

sell off after cyber monday is to be expected.

[https://ip.bitcointalk.org/?u=http%3A%2F%2Fi.imgur.com%2FuMdhTS1.png%26t%3D558%26c%3DffD7JPayg1tXoA&t=558&c=J8Hk3F55ckTYxg[/img]

so i'll get to cover then? good i'll double down now

Adam, you may recall that I tend to sell very few coins; however, when the price is going down, it's inevitable that I wished I would have sold a few more.... today is one of those days for me.

Also, if I do finally sell, then I tend to buy back too soon... for example buying back after a $5 or $10 or even a $20 drop (more extreme)..... I just tend to be a bit gun shy in terms of not having enough bitcoins in my portfolio, yet I believe I will get a bit better at selling a few more when prices move into the $500s and $600s, which could take place in December.


What could be a good target date for a new poll?  

Some things in China seem to be currently affecting BTC prices... at least the appearance of a lot of volume, which may be fake or at least artificially driven by low fees and margin trading.  Bitstamp has not really been too affected by all of that.

 I am not sure about whether the BTC scalability topic or conference is really having any meaningful effect on prices these days?

Maybe selecting a longer term projection for a poll or even a compound question in the poll, for shits and giggles?  

What will be the high prices of bitcoin December 10?  December 15?

I don't really have a clue, but upwards seems fairly likely in my thinking.....   Maybe I would guestimate $418 on December 10 and $444 on December 15 - with some ups and downs in between?


EDIT:   I do realize that a problem with my fairly short-term price projection is that once prices start to go up and if they were to go up an additional 15% or 30% in one to two weeks from today's price point, there is not only cashing in from profit takers, but likely there will evolve some stronger dynamics of additional upward exuberance that would cause BTC prices to go up to and beyond $500 again... maybe $500 or close to $600 becomes inevitable soon after crossing $420-ish?     And, if prices get into $600... we may be fucked (in a good way) into the new ATH price levels?  We should know that with current market caps (and the dominance of price setting on a few exchanges - mostly Bitstamp) Bitcoin tends to overshoot any semblance of what would otherwise be considered reasonable.

[BlindMayorBitcorn]

Monkey likes BTC for the next 5 days at least.

[Fatman3001]

Monkey likes BTC for the next 5 days at least.

This normally means down...

so i'll get to cover then? good i'll double down now

... but this normally means up.

I'm confused.

[adamstgBit]

sell off after cyber monday is to be expected.

[https://ip.bitcointalk.org/?u=http%3A%2F%2Fi.imgur.com%2FuMdhTS1.png%26t%3D558%26c%3DffD7JPayg1tXoA&t=558&c=J8Hk3F55ckTYxg[/img]

so i'll get to cover then? good i'll double down now

Adam, you may recall that I tend to sell very few coins; however, when the price is going down, it's inevitable that I wished I would have sold a few more.... today is one of those days for me.

Also, if I do finally sell, then I tend to buy back too soon... for example buying back after a $5 or $10 or even a $20 drop (more extreme)..... I just tend to be a bit gun shy in terms of not having enough bitcoins in my portfolio, yet I believe I will get a bit better at selling a few more when prices move into the $500s and $600s, which could take place in December.


What could be a good target date for a new poll?  

Some things in China seem to be currently affecting BTC prices... at least the appearance of a lot of volume, which may be fake or at least artificially driven by low fees and margin trading.  Bitstamp has not really been too affected by all of that.

 I am not sure about whether the BTC scalability topic or conference is really having any meaningful effect on prices these days?

Maybe selecting a longer term projection for a poll or even a compound question in the poll, for shits and giggles?  

What will be the high prices of bitcoin December 10?  December 15?

I don't really have a clue, but upwards seems fairly likely in my thinking.....   Maybe I would guestimate $418 on December 10 and $444 on December 15 - with some ups and downs in between?

sell very few coins is a good idea, if the price runs up higher and higher you can more easily double down, if you sell 1/3 of you bitcoin at 370 thinking " I am SURE charts will paint a double top " then price runs up, now you have to sell another huge chunk of bitcoin to affect your avg price.

waiting for 600's might be longer then we think, i like to say >32000 in <2 years, but it could easily take 10 years, and it doesn't necessarily mean it will get there slowly, it could hang around in the sub 500 for a long long time and then years later break out of that and THEN head for 32,000$ who knows.

or you wait a year for 600's, because you perceive this range as safe to trade, but you find out market had other ideas and pretty much skips 600-1000 range.

take advantage of the price swings we see today, pretty sure 300-400 is a nice range to play in for the next few months.

if you think of a poll you want to see please feel free to PM me.

[JayJuanGee]

Monkey likes BTC for the next 5 days at least.

This normally means down...

so i'll get to cover then? good i'll double down now

... but this normally means up.

I'm confused.

hehehehehehe...   


These are confusing times, even with fairly trustworthy posters, we are getting all-over-the-place signals.

[peonminer]

Where's the beaker running aimlessly .gif when you need it?

[ImI]

Where's the beaker running aimlessly .gif when you need it?

i have only that to offer

[simmo77]

Monkey likes BTC for the next 5 days at least.

Monkey also liked XMR and now has a bad back from carrying around bags and bags of that shite...

[Fatman3001]

Monkey likes BTC for the next 5 days at least.

Monkey also liked XMR and now has a bad back from carrying around bags and bags of that shite...

I'm starting to think Aminorex is messing with our minds.

I think he's got an actual monkey, pointing aimlessly at the screen while Aminorex is writing down whatever it's pointing at.

[ChartBuddy]

Coin



Explanation

[simmo77]

Monkey likes BTC for the next 5 days at least.

Monkey also liked XMR and now has a bad back from carrying around bags and bags of that shite...

I'm starting to think Aminorex is messing with our minds.

I think he's got an actual monkey, pointing aimlessly at the screen while Aminorex is writing down whatever it's pointing at.

Monkey prefers not to elucidate. Monkey prefers to shit in his hand and throw it at naive observers.

[JayJuanGee]

sell off after cyber monday is to be expected.

[https://ip.bitcointalk.org/?u=http%3A%2F%2Fi.imgur.com%2FuMdhTS1.png%26t%3D558%26c%3DffD7JPayg1tXoA&t=558&c=J8Hk3F55ckTYxg[/img]

so i'll get to cover then? good i'll double down now

Adam, you may recall that I tend to sell very few coins; however, when the price is going down, it's inevitable that I wished I would have sold a few more.... today is one of those days for me.

Also, if I do finally sell, then I tend to buy back too soon... for example buying back after a $5 or $10 or even a $20 drop (more extreme)..... I just tend to be a bit gun shy in terms of not having enough bitcoins in my portfolio, yet I believe I will get a bit better at selling a few more when prices move into the $500s and $600s, which could take place in December.


What could be a good target date for a new poll?  

Some things in China seem to be currently affecting BTC prices... at least the appearance of a lot of volume, which may be fake or at least artificially driven by low fees and margin trading.  Bitstamp has not really been too affected by all of that.

 I am not sure about whether the BTC scalability topic or conference is really having any meaningful effect on prices these days?

Maybe selecting a longer term projection for a poll or even a compound question in the poll, for shits and giggles?  

What will be the high prices of bitcoin December 10?  December 15?

I don't really have a clue, but upwards seems fairly likely in my thinking.....   Maybe I would guestimate $418 on December 10 and $444 on December 15 - with some ups and downs in between?



EDIT:   I do realize that a problem with my fairly short-term price projection is that once prices start to go up and if they were to go up an additional 15% or 30% in one to two weeks from today's price point, there is not only cashing in from profit takers, but likely there will evolve some stronger dynamics of additional upward exuberance that would cause BTC prices to go up to and beyond $500 again... maybe $500 or close to $600 becomes inevitable soon after crossing $420-ish?     And, if prices get into $600... we may be fucked (in a good way) into the new ATH price levels?  We should know that with current market caps (and the dominance of price setting on a few exchanges - mostly Bitstamp) Bitcoin tends to overshoot any semblance of what would otherwise be considered reasonable.

sell very few coins is a good idea, if the price runs up higher and higher you can more easily double down, if you sell 1/3 of you bitcoin at 370 thinking " I am SURE charts will paint a double top " then price runs up, now you have to sell another huge chunk of bitcoin to affect your avg price.

waiting for 600's might be longer then we think, i like to say >32000 in <2 years, but it could easily take 10 years, and it doesn't necessarily mean it will get there slowly, it could hang around in the sub 500 for a long long time and then years later break out of that and THEN head for 32,000$ who knows.

or you wait a year for 600's, because you perceive this range as safe to trade, but you find out market had other ideas and pretty much skips 600-1000 range.

take advantage of the price swings we see today, pretty sure 300-400 is a nice range to play in for the next few months.

if you think of a poll you want to see please feel free to PM me.

I did edit my earlier post prior to your response (so I added my edit in bold above).

Regarding your various other points, I truly agree with them, including the potential of the BTC price to skip a whole large range - that is part of the reason that I get nervous to sell whole chunks of BTC. 

Regarding quantities of BTC that I have been trading in recent months, my total trading quantity remains relatively small and so far, comprises of less than 2% of my total BTC holdings... even when I add up several of the BTC sales that I have made and have not yet bought back (because the BTC price seems to have left that particular range).  Even with such small percentages, I still get nervous that the price is going to shoot up and leave me in dollars with that portion of my portfolio.

On the other hand, I have authorized myself to trade higher quantities of BTC in the higher price ranges ($600 to $1000), and you have touched upon one of my ongoing fears, and that is the possibility of having had sold a total of nearly 1/3 of my BTC stash between $600 to $1,000, and then BTC prices never ever again returning to such $600 to $1,000 price levels, which is certainly possible because such explosive dynamics have happened several times before in Bitcoinlandia.

[8up]

http://www.wired.co.uk/magazine/archive/2015/06/wired-world-2015/robot-propaganda

Damn it. Even more shilling and trolling on this forum. Lamby will be unemployed very soon.

[oda.krell]

Monkey likes BTC for the next 5 days at least.

Monkey also liked XMR and now has a bad back from carrying around bags and bags of that shite...

I'm starting to think Aminorex is messing with our minds.

I think he's got an actual monkey, pointing aimlessly at the screen while Aminorex is writing down whatever it's pointing at.

Monkey prefers not to elucidate. Monkey prefers to shit in his hand and throw it at naive observers.

Ouch.

For the record, I usually enjoy aminorex' longer posts, even if I don't always follow his line of thinking.

[simmo77]

Monkey likes BTC for the next 5 days at least.

Monkey also liked XMR and now has a bad back from carrying around bags and bags of that shite...

I'm starting to think Aminorex is messing with our minds.

I think he's got an actual monkey, pointing aimlessly at the screen while Aminorex is writing down whatever it's pointing at.

Monkey prefers not to elucidate. Monkey prefers to shit in his hand and throw it at naive observers.

Ouch.

For the record, I usually enjoy aminorex' longer posts, even if I don't always follow his line of thinking.

I also pay very close attention to aminorex when he cares to elaborate, but his monkey - not so much....

[GreekGeek]

is bitfinex really flat , or is it just bitcoinity?

[LMGTFY]

is bitfinex really flat , or is it just bitcoinity?

Bitcoinwisdom too. Almost an hour flat-lining. Looks like it's recovered now, though.

[ChartBuddy]

Coin



Explanation