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

[TReano]

anybody planing / shorted already here?

* scalp short ofc.

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[1714325190]

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[macsga]

anybody planing / shorted already here?

I think we will go up... volume is catching up and the trend is rather clear.

[TReano]

anybody planing / shorted already here?

I think we will go up... volume is catching up and the trend is rather clear.

if it would be so clear that we go up we would have already gone higher ... Also BFX wouldn't be so packed with 10k coins to 400$ if it would be crystal clear that we go much much higher soon.

I am not talking about long term, just for mid term...

[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?



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.

ya anything is possible in bitcoin land. and we wouldn't really be skipping over the 600-1000 range we've seen these numbers before... infact TA suggest that we will "skip over this range", TA says resistance at 400 is the thing to beat, once that's said and done all bets are off. once 400 is history ( trading above 450 for weeks on end, or spike >600, would qualify) i wouldn't go selling, i think what we will see there is the odd  "bitcoin is more desirable at higher prices" paradox take full effect.

[hdbuck]

anybody planing / shorted already here?

I think we will go up... volume is catching up and the trend is rather clear.

if it would be so clear that we go up we would have already gone higher ... Also BFX wouldn't be so packed with 10k coins to 400$ if it would be crystal clear that we go much much higher soon.

I am not talking about long term, just for mid term...

short term, you never know.

last rally up to $500 surprised most people.

still, cashing in some profit along a rise is healthy.

[ChartBuddy]

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Explanation

[Muttley]

Hello experts,
Noob question, Is there a site (biststamp, bitfinex or any other chinese) which rules the BTC price due its huge volume?

Thanks in advance.

[JayJuanGee]

Hello experts,
Noob question, Is there a site (biststamp, bitfinex or any other chinese) which rules the BTC price due its huge volume?

Thanks in advance.

I believe that the consensus is that Bitstamp is largely the price leader - however, it is inevitable that various activities, including extraordinate volume and upward price pressures will cause Bitstamp to gravitate in the direction of dominant price trends (but that following does not remove bitstamp from being the best guage for price and price direction). 

likely, you will arrive at erroneous conclusions if you focus too heavily on exchanges that allow both marginal trading and no fee trading - but in order to have a better understanding of bitcoin price and its movements, you are better off to watch the trends on those platforms, as well - which tends to be the case with many of the participants of this thread (once you remove the disingenuous trolls from the mix)

[Muttley]

Hello experts,
Noob question, Is there a site (biststamp, bitfinex or any other chinese) which rules the BTC price due its huge volume?

Thanks in advance.

I believe that the consensus is that Bitstamp is largely the price leader - however, it is inevitable that various activities, including extraordinate volume and upward price pressures will cause Bitstamp to gravitate in the direction of dominant price trends (but that following does not remove bitstamp from being the best guage for price and price direction). 

likely, you will arrive at erroneous conclusions if you focus too heavily on exchanges that allow both marginal trading and no fee trading - but in order to have a better understanding of bitcoin price and its movements, you are better off to watch the trends on those platforms, as well - which tends to be the case with many of the participants of this thread (once you remove the disingenuous trolls from the mix)

Thanks for the prompt reply Jay,
I understood.

[r0ach]

Perhaps I am a better bitcoiner than buttcoiner after all... 

Stolfi hyping Bitcoin to the moon in Brazil!

BITCOIN FEVER SPREADS ACROSS BRAZIL

http://bravenewcoin.com/news/bitcoin-fever-spreads-across-brazil/

[ImI]

https://www.reddit.com/r/Bitcoin/comments/3uu3we/bitstamp_will_switch_to_bip_101_this_december/cxi370c?context=3

astonishing that we see this little bull run although we have this kiddy nerd fight going on at the same time

[MatTheCat]

https://www.reddit.com/r/Bitcoin/comments/3uu3we/bitstamp_will_switch_to_bip_101_this_december/cxi370c?context=3

astonishing that we see this little bull run although we have this kiddy nerd fight going on at the same time

wtf is BIP 101?

[ssmc2]

Finishing off Ultimate Cup in 5...4...3...


 

[BlindMayorBitcorn]

https://www.reddit.com/r/Bitcoin/comments/3uu3we/bitstamp_will_switch_to_bip_101_this_december/cxi370c?context=3

astonishing that we see this little bull run although we have this kiddy nerd fight going on at the same time

Even the mods are lining up against him. Is he on the wrong side of history here?

[bitebits]

[snip] I wouldn't go selling, i think what we will see there is the odd  "bitcoin is more desirable at higher prices" paradox take full effect.

That is actually a really interesting thought. The more difficult it gets being able to own one whole bitcoin, the more desirable it gets to actually own one. Stupid human brain.

[ChartBuddy]

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Explanation

[Jacksp]

What about volume?
Its wear...
bitstamp, kraken, btcc, bitfinex... Bots have off

[Cconvert2G36]

https://www.reddit.com/r/Bitcoin/comments/3uu3we/bitstamp_will_switch_to_bip_101_this_december/cxi370c?context=3

astonishing that we see this little bull run although we have this kiddy nerd fight going on at the same time

Even the mods are lining up against him. Is he on the wrong side of history here?

[–]theymos
If they do it, then yes, they will be banned.
Very disappointing. I thought that BitStamp was one of the better exchanges.

https://archive.is/4rvPe

dat gate keeper

He really does think that he, personally, is the one man standing between Bitcoin and utter chaos and destruction. It would be kinda cute if it wasn't so damned destructive.

[gentlemand]

https://www.reddit.com/r/Bitcoin/comments/3uu3we/bitstamp_will_switch_to_bip_101_this_december/cxi370c?context=3

astonishing that we see this little bull run although we have this kiddy nerd fight going on at the same time

Un FOOKIN believable.

Looks like our moderating friend and that Romanian freak and his ickle minions will be able to ride off together into the sunset sooner than we expected.

[ChartBuddy]

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Explanation