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

[Oblodo]

Fun while it was going up. Now we are going to see a correction.. back to 3 digits.

Care to make a wager on that?

No.. I hope we stay above 1500 USD. But anything is possible and right now we are 4% down in less than an hour.

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[bitserve]

The short in Poloniex is so big that BTC lending rates are now at: Poloniex BTC   0.6699%/d - 1043.8%/y

Yet the price is still somewhat stable... REKT them shorters!

[simmo77]

Who sold at the top?

[droizs]

The short in Poloniex is so big that BTC lending rates are now at: Poloniex BTC   0.6699%/d - 1043.8%/y

Yet the price is still somewhat stable... REKT them shorters!

oh baby... lending paradise. Bitcoin is getting scarce by the day.
With this lending rates, I don't even have to risk gambling with trading, I just lend my btc  

[ft73]

Lock in profit, brace, wait.

[pfrtlpfmpf]

Please, where do i pay tax ? but iut goes to fast, i tried, but i ciouldn´t.

[Searing]

Please, where do i pay tax ? but iut goes to fast, i tried, but i ciouldn´t.

er huh? google translate issues ...tax?

[toknormal]

Bitcoin skyrocketing.

[Naokia980]

Bitcoin skyrocketing.

Yeah Just join the crowd and sell at 2000$. If you have enough patience wait for price hit the 2500$ and check  market when price hits sell stops  Patience is virtue.. That's how traders make profit. Not with trading just sit tight and hope for another bump..

[droizs]

Bitcoin skyrocketing.

Yeah Just join the crowd and sell at 2000$. If you have enough patience wait for price hit the 2500$ and check  market when price hits sell stops  Patience is virtue.. That's how traders make profit. Not with trading just sit tight and hope for another bump..

Sell at 2500$? Pls... I'm hodling since 2014 waiting for the 10k+ per btc.
No weak hands here.

[toknormal]

Yeah Just join the crowd and sell at 2000$. If you have enough patience wait for price hit the 2500$ and check  market when price hits sell stops  Patience is virtue.. That's how traders make profit. Not with trading just sit tight and hope for another bump..

The dips are being so heavily bought that it's having trouble even correcting at the longer ranges.

[JayJuanGee]

Bitcoin skyrocketing.

Yeah Just join the crowd and sell at 2000$. If you have enough patience wait for price hit the 2500$ and check  market when price hits sell stops  Patience is virtue.. That's how traders make profit. Not with trading just sit tight and hope for another bump..

Your framing of your response is strange, and seems to assume that people think alike.. or are engaged in some kind of gambling endeavor.

The fact of the matter is that there are a variety of approaches, and some people will sell on the way up, and some people will just be jumping on board the bitcoin train.

Some people will sell large portions of their stash and take profits, and some people may be torn about what to do.

I doubt that there are exact price points to take action, but there are psychological barriers at certain price points, and even some assessment regarding whether taking profits may be good after a pretty large run without any kind of meaningful correction, and yeah, getting past $2000 is going to likely get us into the $2500 territory, but some people will feel comfortable cashing out somewhere in the middle somewhere between $2k and $2.5k (all or part of their stash).

I personally recommend NOT to play with all of your stash, but instead, if you are going to cash out various amounts of your bitcoin on the way up, be careful not to cash out too much at any one price point in case prices keep going up beyond your expectations, rather than correcting as you might expect.

[rjclarke2000]

For me, hodling makes the most sense. I'd cry if I messed up a selling high and buying back in during a dip.

I'm ok seeing the Ups and downs like I have been for 4 years now.

[quarternions]

So my money finally arrived after some troubles with the bank this weekend, would you guys wait till EFT posts a definite answer (probably no)? IK will probably go up anyway afterwards but do you guys think there will be a (small) dip? Because I can also do some HODL with my euro's  

also a bit afraid since I can't stay with the coins the whole day have to go out soon and don't want to miss a nice surge.

[toknormal]

wait till EFT posts a definite answer

Bitcoin Eclectic F*ckTard ?

I'm sure he'll get back to you within seconds

If, on the other hand you mean the bitcoin Exchange Traded Fund, they may take a little longer.

[European Central Bank]

So my money finally arrived after some troubles with the bank this weekend, would you guys wait till EFT posts a definite answer (probably no)? IK will probably go up anyway afterwards but do you guys think there will be a (small) dip? Because I can also do some HODL with my euro's  

surely a no is guaranteed. the market looks even more screwed than it was when they said no the last time.

maybe there are enough stupid traders to get a dip going if there was a no. it would be pathetic but possible but i would hope most people are clever enough to know what the answer already is.

anyway there's no decision today. all it is is the end of the comments period.

[LFC_Bitcoin]

Bitcoin skyrocketing.

Is it?

We're at $1752 on Stamp, in the same range we've been at for a week now.

[toknormal]

We're at $1752 on Stamp, in the same range we've been at for a week now.

A week is a long time to you ?

Some of us have been watching this for 4 years.

[Ted E. Bare]

Bearstamp.

[Torque]

So now comes the part of the rally when the whales try hard to convince you that the bull run is over.

Party over folks! Dump your bitcoin on the way out! Come back next year!