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Question: What happens first:
New ATH - 43 (69.4%)
<$60,000 - 19 (30.6%)
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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 26390663 times)
This is a self-moderated topic. If you do not want to be moderated by the person who started this topic, create a new topic. (174 posts by 3 users with 9 merit deleted.)
KillaMarci
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May 02, 2013, 03:11:58 PM
 #3121

Geezz....what a dive!  Yikes . Might be holding my $110 coins for a long time...

I'm holding some at 128 and some at 156 and I'm feeling mildly scared. Just mildly though...
Jaroslaw
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May 02, 2013, 03:12:56 PM
 #3122

seer you guys at 70`s Cheesy
HerrDoktor
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May 02, 2013, 03:13:16 PM
 #3123

Geezz....what a dive!  Yikes . Might be holding my $110 coins for a long time...

I'm holding some at 128 and some at 156 and I'm feeling mildly scared. Just mildly though...

sell them while you can get at least 92 Wink its at least better then nothing
DougTanner
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May 02, 2013, 03:13:28 PM
 #3124

First drink is on me!



Thanks! My bar is open to you all, let's commiserate together.

KillaMarci
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May 02, 2013, 03:14:42 PM
 #3125

Geezz....what a dive!  Yikes . Might be holding my $110 coins for a long time...

I'm holding some at 128 and some at 156 and I'm feeling mildly scared. Just mildly though...

sell them while you can get at least 92 Wink its at least better then nothing

Nope. I have done that way too many times. I have sworn to myself to never ever sell at a loss ever again. I still have fiat in my account so it's not that bad. Smiley
barbs
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May 02, 2013, 03:15:21 PM
 #3126

EEEhhhhheeehhh for the longest time. Oohhhh oooohhh oohhhh for the longest time.

 Huh

This is more interesting than dealing with drama at work! i got out at 140... there's just no real upside right now i can see worth taking the risk in this market climate.. very brave buyers between the lag and no idea where the price will be in 5 mins..
samson
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May 02, 2013, 03:17:09 PM
 #3127

Nope. I have done that way too many times. I have sworn to myself to never ever sell at a loss ever again. I still have fiat in my account so it's not that bad. Smiley

That's the way, bury your head in the sand and hope for the best !
HerrDoktor
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May 02, 2013, 03:17:58 PM
 #3128

Geezz....what a dive!  Yikes . Might be holding my $110 coins for a long time...

I'm holding some at 128 and some at 156 and I'm feeling mildly scared. Just mildly though...

sell them while you can get at least 92 Wink its at least better then nothing

Nope. I have done that way too many times. I have sworn to myself to never ever sell at a loss ever again. I still have fiat in my account so it's not that bad. Smiley

i feel you:D
KillaMarci
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May 02, 2013, 03:19:49 PM
 #3129

Nope. I have done that way too many times. I have sworn to myself to never ever sell at a loss ever again. I still have fiat in my account so it's not that bad. Smiley

That's the way, bury your head in the sand and hope for the best !

It may seem stupid to some, but everytime I sold at a loss before the price got back up within a week or so.
phoenix1
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May 02, 2013, 03:20:35 PM
 #3130

The odd thing for me is that this does not feel like panic selling ... just relentless selling pressure. Yesterday, when we broke below 120 we went into freefall ... this feels very different ... worryingly so
That's why i don't think we've seen the bottom yet ... no panic and not even that much volatility
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May 02, 2013, 03:23:11 PM
 #3131

The odd thing for me is that this does not feel like panic selling ... just relentless selling pressure. Yesterday, when we broke below 120 we went into freefall ... this feels very different ... worryingly so
That's why i don't think we've seen the bottom yet ... no panic and not even that much volatility

This feels like people are throwing in the towel. Capitulation, if you will. With none of the hype and buzz having any positive effect on the prices like it used to and a growing distaste with feeling like the price is at the whims of the puppet-masters, it seems like people are ready to step away for a while and let this burn itself out.

Or that could just be me.
phoenix1
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May 02, 2013, 03:24:25 PM
 #3132

Nope. I have done that way too many times. I have sworn to myself to never ever sell at a loss ever again. I still have fiat in my account so it's not that bad. Smiley

I hear you. But the problem with that approach is that you just got into an arranged marriage with your position. It's hard to see the market objectively from there
HerrDoktor
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May 02, 2013, 03:25:21 PM
 #3133

The odd thing for me is that this does not feel like panic selling ... just relentless selling pressure. Yesterday, when we broke below 120 we went into freefall ... this feels very different ... worryingly so
That's why i don't think we've seen the bottom yet ... no panic and not even that much volatility

This feels like people are throwing in the towel. Capitulation, if you will. With none of the hype and buzz having any positive effect on the prices like it used to and a growing distaste with feeling like the price is at the whims of the puppet-masters, it seems like people are ready to step away for a while and let this burn itself out.

Or that could just be me.

that is probably spot on. the only responsible thing to do now is - wait for it - SELL !

Or that could just be me Cheesy
humanitee
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May 02, 2013, 03:25:32 PM
 #3134

Nope. I have done that way too many times. I have sworn to myself to never ever sell at a loss ever again. I still have fiat in my account so it's not that bad. Smiley

I hear you. But the problem with that approach is that you just got into an arranged marriage with your position. It's hard to see the market objectively from there

Not everyone is here to speculate. Leave the guy alone.
phoenix1
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May 02, 2013, 03:25:45 PM
 #3135

The odd thing for me is that this does not feel like panic selling ... just relentless selling pressure. Yesterday, when we broke below 120 we went into freefall ... this feels very different ... worryingly so
That's why i don't think we've seen the bottom yet ... no panic and not even that much volatility

This feels like people are throwing in the towel. Capitulation, if you will. With none of the hype and buzz having any positive effect on the prices like it used to and a growing distaste with feeling like the price is at the whims of the puppet-masters, it seems like people are ready to step away for a while and let this burn itself out.

Or that could just be me.

Yeah, but not the end of the capitulation
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May 02, 2013, 03:26:04 PM
 #3136

The odd thing for me is that this does not feel like panic selling ... just relentless selling pressure. Yesterday, when we broke below 120 we went into freefall ... this feels very different ... worryingly so
That's why i don't think we've seen the bottom yet ... no panic and not even that much volatility

This feels like people are throwing in the towel. Capitulation, if you will. With none of the hype and buzz having any positive effect on the prices like it used to and a growing distaste with feeling like the price is at the whims of the puppet-masters, it seems like people are ready to step away for a while and let this burn itself out.

Or that could just be me.

I think you might be right because of your low post count. The pessimism at the moment seems to be coming from new users with only a couple hundred posts, and it was newbie money that really put Bitcoin stratospherically high. If so many of you are feeling as pessimistic as your posts seem to say you are- then yeah, we might be in for a much farther drop.
phoenix1
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May 02, 2013, 03:27:43 PM
 #3137

Nope. I have done that way too many times. I have sworn to myself to never ever sell at a loss ever again. I still have fiat in my account so it's not that bad. Smiley

I hear you. But the problem with that approach is that you just got into an arranged marriage with your position. It's hard to see the market objectively from there

Not everyone is here to speculate. Leave the guy alone.

That was not intended to be an attack, just an honest opinion Smiley
gizmoh
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May 02, 2013, 03:28:06 PM
 #3138

The odd thing for me is that this does not feel like panic selling ... just relentless selling pressure. Yesterday, when we broke below 120 we went into freefall ... this feels very different ... worryingly so
That's why i don't think we've seen the bottom yet ... no panic and not even that much volatility

Good analysis and it is much more worrying to forecast a price point.
On another note, Gox is lagging to an "acceptable level"
KillaMarci
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May 02, 2013, 03:29:10 PM
 #3139

Nope. I have done that way too many times. I have sworn to myself to never ever sell at a loss ever again. I still have fiat in my account so it's not that bad. Smiley

I hear you. But the problem with that approach is that you just got into an arranged marriage with your position. It's hard to see the market objectively from there

Not everyone is here to speculate. Leave the guy alone.

That was not intended to be an attack, just an honest opinion Smiley

What do you mean I can't see the market objectively from my position? I'm not a daytrader really, I'm in it for the long term.
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May 02, 2013, 03:29:25 PM
 #3140

In all honesty I am a happy bull but I have been speaking with many people in the community as well as people who wish to get into BTC and the common response from everyone is that it's just too high right now. From the poker players to the Silk Road users to the noobs. Many people want to see $50-$75 again so they can feel "comfortable" buying in or paying for their habits.

It's not too high, it just feels too high after the drop to near 50.

What basically is happening is that there are too many bitcoins being held by early adopters. Not that there is anything wrong with that per-se but they need to be teased out and into the wider community for Bitcoin to become well established. It's not going to happen all-at-once (and that's a good thing) but is going to lead to volatility along the way.
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