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

[JayJuanGee]

3K bidwall on BFX

EDIT: Aaaand it's gone.

lasted less than 1 minute, and someone sold 800 bitcoin to that wall. What do you think about this kind of trick ?

Looks like it backfired. Someone trying to push the price up or hold it up in a futile effort to keep the 1 HR moving average green.

Nobody's buying my coins retail. I have to keep lowering my premium and they still don't move. 

You are a fucking liar in this post.  You had plenty opportunity to sell your coins in the upper $420s in the past 12 hours or so, if you really wanted to sell your coins, and if you have any to sell.

The only reason you wouldn't be able to sell you coins is that you would have been attempting to sell them at a 1% or more above retail, and farting around with your price, as to never get them to sell.

So, yes, sincerity is important, when you are spinning such bullshit... regarding supposedly what you have been attempting to accomplish, but supposedly unable to accomplish.

[peonminer]

[JayJuanGee]

Good thing. I see now that price is not drop anymore (2 days ago support of 410$ was reached) Any prevision about the next days?

I've been shouting about a huge cup & handle for quite some time, but none of the TA people seem to agree. It looks artificial, but that normally doesn't seem to matter to TA nerds.

Christmas profits for October to December have been taken - expect it to bounce along in the 405-430 for a few weeks until the the next messiah/scandal event hits.

Once the train is running news are excuses, but not necessary to keep the choo choo going. Unless there's some catastrophic news, like the EU, US or China(again) banning BTC, this mofo will get into orbit and beyond.

Disclaimer: I don't know what I'm talking about.

yeah, but there is not too much excitement in the trade volume, recently.  Trade volume hasn't dried up completely, but also, it has been going down.

I am not sure what to think exactly.

given the trade action of about the past 4 months, it seems too early to conclude that we are heading into some period of stability, as some posters seem to be suggesting, but whether the next correction (or mini correction of 5% - ish) is up or down remains a bit of a mystery.

My ventured guess at the moment is 55% probability of down and 45% probability of up.

we are not mooning yet..... good chance we don't launch for another five months. then the top of that pump may not be what we think.... only post halving will true supply and demand reveal itself......

5 months is a long time in bitcoinlandia, especially after the price movement of the previous 5 months.

Regarding price direction, maybe prices between about $300 and $550, could reasonably be within realistic predictions for the upcoming 5 months... maybe at this time, I would give such a scenario a better than 70% chance... but certainly we most likely going to continue to experience fairly decent   levels of volatility in the upcoming 5 months, no?

[ImI]

i think this bitcoin-civilwar thats going on is depressing prices. 350 very likely imo. :/

[ChartBuddy]

Coin



Explanation

[Cconvert2G36]

3K bidwall on BFX

EDIT: Aaaand it's gone.

lasted less than 1 minute, and someone sold 800 bitcoin to that wall. What do you think about this kind of trick ?

Looks like it backfired. Someone trying to push the price up or hold it up in a futile effort to keep the 1 HR moving average green.

Nobody's buying my coins retail. I have to keep lowering my premium and they still don't move. 

You are a fucking liar in this post.  You had plenty opportunity to sell your coins in the upper $420s in the past 12 hours or so, if you really wanted to sell your coins, and if you have any to sell.

The only reason you wouldn't be able to sell you coins is that you would have been attempting to sell them at a 1% or more above retail, and farting around with your price, as to never get them to sell.

So, yes, sincerity is important, when you are spinning such bullshit... regarding supposedly what you have been attempting to accomplish, but supposedly unable to accomplish.

You were much more pleasant when you harbored the shame and guilt of losing half the money you plowed into BTC. Now that you're only down 17% or so... you've become fairly arrogant. I'm increasingly unsure if I can celebrate your break-even party with as much vigor as I originally intended...   

[BlindMayorBitcorn]

Same. It was so much easier to relate to him when he wasn't lecturing BJA all the time.

Edit: Baaaaaaaaahhhhhhh!!!!! Someone send me an encrypted message when the train leaves for the moon!



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[PoolMinor]

i think this bitcoin-civilwar thats going on is depressing prices. 350 very likely imo. :/

[ChartBuddy]

Coin



Explanation

[JayJuanGee]

3K bidwall on BFX

EDIT: Aaaand it's gone.

lasted less than 1 minute, and someone sold 800 bitcoin to that wall. What do you think about this kind of trick ?

Looks like it backfired. Someone trying to push the price up or hold it up in a futile effort to keep the 1 HR moving average green.

Nobody's buying my coins retail. I have to keep lowering my premium and they still don't move. 

You are a fucking liar in this post.  You had plenty opportunity to sell your coins in the upper $420s in the past 12 hours or so, if you really wanted to sell your coins, and if you have any to sell.

The only reason you wouldn't be able to sell you coins is that you would have been attempting to sell them at a 1% or more above retail, and farting around with your price, as to never get them to sell.

So, yes, sincerity is important, when you are spinning such bullshit... regarding supposedly what you have been attempting to accomplish, but supposedly unable to accomplish.

You were much more pleasant when you harbored the shame and guilt of losing half the money you plowed into BTC. Now that you're only down 17% or so... you've become fairly arrogant. I'm increasingly unsure if I can celebrate your break-even party with as much vigor as I originally intended...   

hahahaha

Well fair enough.  Each of us is entitled to our impressions regarding other posters, and surely some posters can wear on us, even when we may have previously appreciated them. 

Surely, you may perceive that my tone changed over the past several months, but I really doubt it, rather than it is likely merely your anecdotal impression.  For example, I have never harbored any shame or guilt.. etc etc.. regarding my BTC investment, and if you perceived or understood those kinds of feelings to have been occurring,  then I am sorry to have possibly conveyed that kind of impression.

   Surely, anyone goes through some changes in feelings when their investment is floating in the negative 40 to 65% territories as compared with other possible variations of less negative or even positive territory.  I have never really felt that I lost any money in BTC (even though I was restricted from cashing in BTC) because I did not lock in losses, or expect to cash in any significant quantity of my bitcoins in a negative price territory.  I have always invested in bitcoin in such a way that I would not be compelled to have to cash in for several years or unless some very unexpected (or out of expectations emergency) situation were to arise.

Through my couple of years of investing in BTC,  I have been fairly straight forward in posting in this forum regarding my BTC investment and my various strategies and my plans going forward. 

In July and August 2015, I acquired quite a few coins, and I also spent a considerable amount of time (around that time), reassessing and revising my various going forward plans with BTC.  I was more or less preparing for a worse case scenario of another 6-18 months of continued BTC bear market.

However, as we now realize the BTC market has taken a favorable turn, and because of the extent and duration of the favorable upturn in BTC prices, it had become prudent for me to abandon a large part of my July/August preparations and to tweak my plans forward, again.

 By the way, because of a few more ups and downs in BTC prices in the past few weeks, my BTC holdings have increased, my dollar cash reserves have increased, and my average BTC price has now come down from about $502 to about $487. 

Regarding parties connected to myself, I don't really seek any of that; however, I imaging that quite a few mid-term BTC investors (those investing from late 2013 and even through 2014) are recently coming out of the red, and we gotta feel good about that, no?


On a personal level, even if my BTC portfolio remains in the red for the coming months or even longer, I perceive my portfolio to be in a real decent position at the moment, due to the fortunes of the upturns in the market, that allowed me to stack BTC investment allocated money on both sides of the price direction, and in retrospect, many of us bullish about bitcoin expected an upsurge in BTC prices to happen sooner or later, and even a lot of us even recognized that then unrealized upward price potential while BTC prices were languishing in the lower $200s for what seemed like a torturous period of time.

[JayJuanGee]

Same. It was so much easier to relate to him when he wasn't lecturing BJA all the time.

Edit: Baaaaaaaaahhhhhhh!!!!! Someone send me an encrypted message when the train leaves for the moon!



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Version: BCPG C# v1.6.1.0

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Yeah.... we should let BJA alone (insert leave Brittany alone meme here)...                         (doesn't matter if he lies or not, so what.    

[ChartBuddy]

Coin



Explanation

[Cconvert2G36]

Well, you handled my thinly veiled insult with a convoluted wall of text... so at least I'm reasonably sure I am still conversing with the original owner of this nick. 

I'll forego commenting on your perception of BJA's "grievous lies".

[Fatman3001]

3K bidwall on BFX

EDIT: Aaaand it's gone.

lasted less than 1 minute, and someone sold 800 bitcoin to that wall. What do you think about this kind of trick ?

Looks like it backfired. Someone trying to push the price up or hold it up in a futile effort to keep the 1 HR moving average green.

Nobody's buying my coins retail. I have to keep lowering my premium and they still don't move. 

You are a fucking liar in this post.  You had plenty opportunity to sell your coins in the upper $420s in the past 12 hours or so, if you really wanted to sell your coins, and if you have any to sell.

The only reason you wouldn't be able to sell you coins is that you would have been attempting to sell them at a 1% or more above retail, and farting around with your price, as to never get them to sell.

So, yes, sincerity is important, when you are spinning such bullshit... regarding supposedly what you have been attempting to accomplish, but supposedly unable to accomplish.

You were much more pleasant when you harbored the shame and guilt of losing half the money you plowed into BTC. Now that you're only down 17% or so... you've become fairly arrogant. I'm increasingly unsure if I can celebrate your break-even party with as much vigor as I originally intended...   

IDK. He's more succinct when he's an asshole.

There is still plenty of room for improvement though.

The post above could be compressed to: BJA, you're full of shit!

No offense, BJA.

[Fatman3001]

Same. It was so much easier to relate to him when he wasn't lecturing BJA all the time.

Yeah.... we should let BJA alone (insert leave Brittany alone meme here)...                         (doesn't matter if he lies or not, so what.    

Did he wrong you? Go talk to Aztec. You could start a club.

[BlindMayorBitcorn]

Same. It was so much easier to relate to him when he wasn't lecturing BJA all the time.

Yeah.... we should let BJA alone (insert leave Brittany alone meme here)...                         (doesn't matter if he lies or not, so what.    

Did he wrong you? Go talk to Aztec. You could start a club.

For those times you absolutely, positively demand satisfaction...

[Fatman3001]

[blah blah blah]
Regarding parties connected to myself, I don't really seek any of that; however, I imaging that quite a few mid-term BTC investors (those investing from late 2013 and even through 2014) are recently coming out of the red, and we gotta feel good about that, no?
[yada yada yada]

Not losing money isn't much to celebrate. In Bitcoin you'll have to make 10-100x what you invested in order to earn the silly hats and firecrackers.

[billyjoeallen]

3K bidwall on BFX

EDIT: Aaaand it's gone.

lasted less than 1 minute, and someone sold 800 bitcoin to that wall. What do you think about this kind of trick ?

Looks like it backfired. Someone trying to push the price up or hold it up in a futile effort to keep the 1 HR moving average green.

Nobody's buying my coins retail. I have to keep lowering my premium and they still don't move. 

You are a fucking liar in this post.  You had plenty opportunity to sell your coins in the upper $420s in the past 12 hours or so, if you really wanted to sell your coins, and if you have any to sell.

The only reason you wouldn't be able to sell you coins is that you would have been attempting to sell them at a 1% or more above retail, and farting around with your price, as to never get them to sell.

So, yes, sincerity is important, when you are spinning such bullshit... regarding supposedly what you have been attempting to accomplish, but supposedly unable to accomplish.

Ok, let me explain to you how this works: I have a couple of coins that I sell retail. When I do, I take some of the cash I have sitting on the exchange and I rebuy the same amount I sell, thereby reducing the amount of fiat at BFX that is at risk of vanishing if the exchange goes gox while keeping my exposure to price changes neutral except for the coins I am using to ferry out my cash. 

I don't care if the price goes up or down. If it goes down far enough, I can buy with the cash I have on the exchange. If it goes up a little, I sell one or two coins at a time and rebuy with the same pile of cash. If it keeps going up and this becomes the next great bull market, I'll keep selling until my trading cash is exhausted and then I'll start selling my cold storage coins. I'll sell those until I run out and then you'll probably not hear from me again.

However if, as I suspect, this whole rally above the $300 range is a bulltrap that will end in fullblocalypse, then there will be some real bargains in the future and hodlers are going to miss an opportunity. You had better hope that doesn't happen because then this thread will get rather more sympathetic to my viewpoint.

[sAt0sHiFanClub]

Did he wrong you? Go talk to Aztec. You could start a club write a book.

ftfy

[JayJuanGee]

[blah blah blah]
Regarding parties connected to myself, I don't really seek any of that; however, I imaging that quite a few mid-term BTC investors (those investing from late 2013 and even through 2014) are recently coming out of the red, and we gotta feel good about that, no?
[yada yada yada]

Not losing money isn't much to celebrate. In Bitcoin you'll have to make 10-100x what you invested in order to earn the silly hats and firecrackers.

Well, part of my point in bringing up examples about my personal BTC portfolio / strategies is to get feedback and to share information regarding bitcoin investment strategies....