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

[Denker]

Somebody bought the dips?
We were below $1000 twice in the last 12 hours!
Curious if we will be able to continue moving up or if some guys will lose faith and start to dump.

[Dafar]

Back above $1K, and not a single Average Joe around me knows anything more about Bitcoin/blockchain than they did in 2013, or even seems to care.  This is amazing.

Now I know why they call them "late adopters".  I don't blame the really old, the really young or the unborn. I blame the older, middle-aged folks who have money to invest, but are just too plain ignorant to see the financial change tsunami that is coming.  By the time they finally look up, Bitcoin will be well north of $10K.

I remember my grandmother still writing physical checks for everything, 7-8 years after the rest of society had moved on to using the debit card. She finally used one a few years before she died, and I remember the look on her face.... she was blown away at the convenience. Priceless.

I remember me getting on dial-up on the PC in my bedroom, when my parents though I was in there "hacking" ala War Games style.  They thought the internet was and always would be just a toy for nerds.

I remember carrying around a clunky Treo smartphone (which was actually smaller than your average smartphone today), when literally *everyone* thought smartphones were for nerds.  Especially the women, lol.

Agreed, I'm surprised at how little people know about bitcoin even now. I never thought I was an early adopter but I'm beginning to think we are. I'm glad there is no hype and media attention around $1000 this time... we need to stop putting $1000 on a pedestal, it's long overdue... I want the hype to come when we hit the next milestone of $2000... and then people will be like oh shit, I knew about bitcoin when it was $900!

[LFC_Bitcoin]

Somebody bought the dips?
We had been below $1000 twice in the last 12 hours!
Curious if we will be able to continue moving up or if some guys will lose faith and start to dump.

$1,000 seems to act as some kind of psychological sell alarm to people, I don't know why but it does.
I'll probably start thinking like that at $10,000 but $1,000 is nothing.

[Denker]

Somebody bought the dips?
We had been below $1000 twice in the last 12 hours!
Curious if we will be able to continue moving up or if some guys will lose faith and start to dump.

$1,000 seems to act as some kind of psychological sell alarm to people, I don't know why but it does.
I'll probably start thinking like that at $10,000 but $1,000 is nothing.

I agree.
10k is a range where you could start thinking about taking some profits.
However the main part of the stash you own shouldn't be sold!
Bitcoin is way too precious. There could come a time where others would like to kill you just to own one single Bitcoin!

[Globb0]

I suppose in the end you cant remove the human element.

Humans tend towards generalisation, in a way 1000$ is a generalisation.

You cant separate people from feelings.

[Elwar]

If you own one bitcoin you are in the top 68% richest people in the world.

If you have 100 bitcoins you are one of the top 8% richest people in the world.

600 bitcoins and you're a one percenter.

http://www.globalrichlist.com/wealth

[JimboToronto]

An early good morning Bitcoinland.

Slept most of yesterday and I see I missed some real fun. Burst through the $1000 barrier, soared up over $1030, crashed down to triple digits and bounced most of the way back up... currently $1028USD (Bitcoinaverage).

Whew. Hopefully that was our last dip back to triple digits.

Go Bitcoin go.

[Ted E. Bare]

Next target $1111?

[gembitz]

Next target $1111?

^$1200=PriceOfGold()

 

[Meuh6879]

up above the GOLD !

[gembitz]

up above the GOLD !

ONE BITCOIN BUYS ONE GOLD!!!      WEEEEEEEEEEEEEEEEEEEEEEEE

[JimboToronto]

Current CAD price = $1337.

 

[gembitz]

Current CAD price = $1337.

 

BTC forward split two for one :-D weeeeee

[Dafar]

If you own one bitcoin you are in the top 68% richest people in the world.

If you have 100 bitcoins you are one of the top 8% richest people in the world.

600 bitcoins and you're a one percenter.

http://www.globalrichlist.com/wealth

Bullshit... I own over 100 and I'm not even 10% in America...


maybe compared to the "rest of the world" but who cares

[European Central Bank]

Bullshit... I own over 100 and I'm not even 10% in America...

maybe compared to the "rest of the world" but who cares

of course it's the rest of the world. and there are several billion people who have to rent or steal the pot they piss in.

[Dafar]

Bullshit... I own over 100 and I'm not even 10% in America...

maybe compared to the "rest of the world" but who cares

of course it's the rest of the world. and there are several billion people who have to rent or steal the pot they piss in.

It dont matter... I need bitcoin to hit $10K so I'm rich where it counts-America

[JayJuanGee]

PoolMinor is too bearish. Did he sell at the bottom?

quoted for when I am correct in the soonish drop followed by another small rise followed by another small drop, followed by a steady sideways before any to da moon scenario.

No I did not sell at the bottom. I buy on the way down and sell on the way up, simple strategy as a chartist trader.

No one is saying that you don't have a decent chance of being correct in your description, but you seem to be giving way too much precision to such prediction and also trying to suggest that such a drop is pending at this particular moment... Sure there is a chance of it.. but also there are decent chances that from this particular point prices could go up another $25, $75, $200 or even $500 before such "inevitable" drop occurs.  So under which scenarios are you going to claim to be correct? 

And, really, who fucking cares...?  I mean people are largely in agreement that there are ups and downs and there are waves... and at the same time it is prudent to prepare for both ways.. so yeah, hopefully if guys are believing down is pending, they are not selling 50% of their stash because they feel such a prediction, but selling 10% can still be very profitable and prudent, but I prefer selling much smaller amounts (yet that is me).  I already sold more about 2.5% of my stash in the rise from $800 to present, and even with that, sometimes I am feeling like maybe I sold too much - because there have not really been any decent dips to buy back... so I don't mind another dip... if it is going to come, then it is going to come...

Wow.. as I am typing, I just saw an immediate sell of more than 700 coins on stamp at $1013?   Wonder if that means down?

[JayJuanGee]

you are the one who had been asking about strategies to protect yourself (or your BTC holdings from volatility)

And, also, you were suggesting some method that includes stop loss bullshit (which in essence is a kind of gambling - as you already seemed to acknowledge)

no. i wasn´t asking for strategies in my post. instead i was clearly asking:

so where would you armchair experts suggest a sweet spot for a stop loss ?

while i was asking that, there was a $30 drop which showed me live that it might not be a good idea at all.

you keep repeating your strategy which is totally ok with me if it works for you. i personally do not prefer your strategy - so i said:

fine if that works for you. i stick to hodling.  

it wasn´t me asking for a strategy, it was you rolling out your strategy. so please don´t turn around and open your post with this "you are the one..." rhetoric. because actually it was -as always

you.  

I guess that I am saying your strategy and even your question is dumb ... because it is a dumb strategy...

You act as if there is something wrong with posters making points that they want to make that are related to your post but maybe it is not the answer that you would prefer to hear... and there is nothing wrong with that.   

I do agree with your overall point, though, that a stop loss, if you were to place it, likely has to be accounting for shorter term spikes up and down.. Maybe that is why I don't really use those strategies because I don't know exactly how you could consistently make money with such a strategy (because it is a kind of gambling)?

As compared with my own strategy... hahahahahahahaha... there I go back to my preferred, incrementalist and seemingly consistently money making strategy.   

[spud21]

I suppose in the end you cant remove the human element.

Humans tend towards generalisation, in a way 1000$ is a generalisation.

You cant separate people from feelings.

$1000 is only a bit above 7000 CNY. The Chinese probably tended to 7000 CNY, a bit below $1000, then the west probably pumped it a bit more because it tends to $1000.

[becoin]

I suppose in the end you cant remove the human element.

Humans tend towards generalisation, in a way 1000$ is a generalisation.

You cant separate people from feelings.

This might be valid for people that use $. People that use other currencies have other feelings!