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

[MoreFun]

It has been very hard to win "just hold" tactic to this day, but the thing is risk management. It's very hard to predict what is going to happen and it may be wise to sell if the trend might turn, you just have to buy back soon if the trend didn't turned. You may end up losing little coins, but someday the trend will turn and then you win a lot of coins/fiat if you always remembered to pay the "insurance".

Truth 

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[RationalSpeculator]

I just hate this rise. Sold too many coins No trust anymore that it will go down again to $100. Maybe $130-$150 at best.

We are close to touching the old time high again. This is not 2011.

I'm eating my cake and it tastes like chit.  

Sorry to hear that.

I'm kind of nervous myself. I'm holding, all of it, waiting for the last moment to sell. I'd love to say "it looks like it's about to turn around", but in reality, I don't see any signs for that (likely to happen eventually) correction yet. Neither on stamp nor on gox. So, I'm holding.

Thanks so much Oda.

Yeah, I switched strategy to not sell anymore as it goes up. When price moved back up from $65 to $100, as I was selling the buying was very strong. I figured we just might have seen the low already and from here it's up but by that time I had already sold half of the coins I started with.

Glad I switched strategy but regrets also.

[samson]

Wooo hoooo - only 20k BTC until $300

This is completely sustainable  

[Erdogan]

Now less than 5% spread between gox and stamp. WTF?

[Ivanhoe]

I would have expected some panic buying after 200, doesn't look like it. Good sign though, seems healthy this way.

[Rampion]

I just hate this rise. Sold too many coins No trust anymore that it will go down again to $100. Maybe $130-$150 at best.

We are close to touching the old time high again. This is not 2011.

I'm eating my cake and it tastes like chit.  

Sorry to hear that.

I'm kind of nervous myself. I'm holding, all of it, waiting for the last moment to sell. I'd love to say "it looks like it's about to turn around", but in reality, I don't see any signs for that (likely to happen eventually) correction yet. Neither on stamp nor on gox. So, I'm holding.

Thanks so much Oda.

Yeah, I switched strategy to not sell anymore as it goes up. I felt it in my gut already when price moved back up from $65 to $100, as I was selling the buying was strong. I figured we just might have seen the low already and from here it's up but I didn't listen to my gut and continued to sell up to $130.

As I said many times: buy and hold has historically been a winning strategy with BTC. Daytrading BTC is a huge risk, and IMO it should be done ONLY after an obvious bubble pop that leads to a bear market, as we had from mid April to July/August.

In my book this is a very bad time to daytrade, is time to hold like a motherfucker, as I've been saying since the beginning of July. You made fun of me because of a trolly post I wrote at the beginning of April in which I suggested to a guy to hold to his BTC if he invested what he could afford to lose and didn't want to miss the opportunity of his life. I again stand correct on that post. I don't believe in risk management with BTC, I think the bigger risk is to lose a once in a lifetime opportunity to be really "all set", and the potential with BTC is so high that you don't need to invest a significant % of your wealth, by investing what you can comfortably afford to lose your life can change for real, very soon.

We are all still early adopters, even the guy buying today for the first time, but the window is starting to close, slowly. When it closes for good, it would be sudden. We are approaching ATH, and we all know what happens when we break ATH, right? Huge media exposure and back to bubble mode, and this time $1,000 will be broken in less time you need to blink your eye. What if a BTC ETF is approved by the SEC? You can image.

Sure, secure your profits. I guess that everybody who has been into Bitcoin at least for 1 year has recouped their investment and secured profits at some point. That's the sensible thing to do. But don't fuck up by daytrading when the bear market is over, now it's time to ride the choo choo train. Yeah, crashes will follow parabolic rallies, but will you be able to time that? Be careful, in this game the one with more BTC in his wallet  is the one winning.

[smoothie]

Now less than 5% spread between gox and stamp. WTF?

Looks like gap is closing? Perhaps rally is real and not solely based on Gox's financial status.

[smoothie]

I just hate this rise. Sold too many coins No trust anymore that it will go down again to $100. Maybe $130-$150 at best.

We are close to touching the old time high again. This is not 2011.

I'm eating my cake and it tastes like chit.  

Sorry to hear that.

I'm kind of nervous myself. I'm holding, all of it, waiting for the last moment to sell. I'd love to say "it looks like it's about to turn around", but in reality, I don't see any signs for that (likely to happen eventually) correction yet. Neither on stamp nor on gox. So, I'm holding.

Thanks so much Oda.

Yeah, I switched strategy to not sell anymore as it goes up. I felt it in my gut already when price moved back up from $65 to $100, as I was selling the buying was strong. I figured we just might have seen the low already and from here it's up but I didn't listen to my gut and continued to sell up to $130.

As I said many times: buy and hold has historically been a winning strategy with BTC. Daytrading BTC is a huge risk, and IMO it should be done ONLY after an obvious bubble pop that leads to a bear market, as we had from mid April to July/August.

In my book this is a very bad time to daytrade, is time to hold like a motherfucker, as I've been saying since the beginning of July. You made fun of me because of a trolly post I wrote at the beginning of April in which I suggested to a guy to hold to his BTC if he invested what he could afford to lose and didn't want to miss the opportunity of his life. I again stand correct on that post. I don't believe in risk management with BTC, I think the bigger risk is to lose a once in a lifetime opportunity to be really "all set", and the potential with BTC is so high that you don't need to invest a significant % of your wealth, by investing what you can comfortably afford to lose your life can change for real, very soon.

We are all still early adopters, even the guy buying today for the first time, but the window is starting to close, slowly. When it closes for good, it would be sudden. We are approaching ATH, and we all know what happens when we break ATH, right? Huge media exposure and back to bubble mode, and this time $1,000 will be broken in less time you need to blink your eye. What if a BTC ETF is approved by the SEC? You can image.

Sure, secure your profits. I guess that everybody who has been into Bitcoin at least for 1 year has recouped their investment and secured profits at some point. That's the sensible thing to do. But don't fuck up by daytrading when the bear market is over, now it's time to ride the choo choo train. Yeah, crashes will follow parabolic rallies, but will you be able to time that? Be careful, in this game the one with more BTC in his wallet  is the one winning.

This + choo choo! 

[capsqrl]

Wooo hoooo - only 20k BTC until $300

20k to $400 now.

[RationalSpeculator]

You made fun of me because of a trolly post I wrote at the beginning of April in which I suggested to a guy to hold to his BTC if he invested what he could afford to lose and didn't want to miss the opportunity of his life. I again stand correct on that post.

I did not make fun of you. I called you out on you making fun of him. I also called you out on a bad call you made. The current price being $200 or even $1000 does not turn your past short term bad calls into good ones.

[dserrano5]

Now less than 5% spread between gox and stamp. WTF?

If some people are slowly starting to get "fast" withdrawals from gox and thus be given the opportunity to arbitrate, then they will be keeping it to themselves to maximize their profit. That's what I'd do anyway. Not sure if that would explain such reduction in the gap though.

[4mherewego]

Someone asked about good btcchina ticker and I might have found it, there's alarm also! http://bitcointicker.co/

Or just use bitcoinity.org

[Gordonium]

Good Morning USA, I got a feeling that it's gonna be a wonderful day
The sun in the sky has a smile on his face and it's shining to salute to the American race.
Oh boy, it's well to say: "Good Morning USA."

"It's morning again in America, and under the leadership of Satoshi, our country is prouder and stronger and better. Why would we ever want to return to where we were less than four short years ago?"

[Richy_T]

Much less hype than last time we approached 200. Are we that far from the top?

Relatively speaking, were much further along. Then we were heading up from $10-$30 on a long climb. Crossing 100 was a big milestone also.

After 267, what's the next milestone in your book? $500? $1000? I feel like we are very far from maintaining those numbers.

Next major milestone would be 1000. 500 would be a minor milestone though. We're a good ways off. It may never be like the April rally again. That's neither a bad thing nor particularly lamentable. You only get one 16th birthday.

[Rampion]

You made fun of me because of a trolly post I wrote at the beginning of April in which I suggested to a guy to hold to his BTC if he invested what he could afford to lose and didn't want to miss the opportunity of his life. I again stand correct on that post.

I did not make fun of you. I called you out on you making fun of him. I also called you out on a bad call you made. The current price being $200 or even $1000 does not turn your past short term bad calls into good ones.

We already discussed that in your thread, all has been already said. First, mine was a "trolly" post, not serious analysis. Second, I stand correct in what I told to that guy. I'm quoting that post below, that was NOT a short-term call. That was a GENERAL ADVICE, in which I still believe. Again:

I'm considering selling all of mine at the market price of $175, and waiting to see what happens next. Its so hard to decide lol. What if it hits $200? etc.

You are in BTC because of fiat profits? SELL SELL SELL

You are in BTC because of freedom? HOLD HOLD HOLD

Every BTC sold goes from weak hands to stronger hands. Just do it!

Yep, it's a trolly post. But I still believe in what I said. If you want to secure fiat profits, just SELL - I've bought my BTC when they costed around $10 - this can be a perfect time to secure profits. If you are in BTC because you want to be FREE in the future, because you want your life TO CHANGE FOR GOOD - then just hold like a motherfucker - which is what I've been doing for a few months now.

And BTW: price did HIT $200, which is what "The Mafia" was worried about. He said specifically: what if it hits $200?. That was worrying him. Well, in fact the price DID HIT $200 shortly after his post, so I really don't see how that is such a bad call. Sure, then we had a crash... And soon we will be going to the moon. Do you see any timeframe in my post? I'm just a little bitter by the fact that you opened a post just to bash me and that you chose bad examples - I've made much worst call linked to specific timeframes in the past... But again, this was already discussed.

Enjoy the ride, and I hope that you have now much more BTC than when you started buying them. That's the loss nobody can afford to have: to have less and less BTC. That's the opportunity nobody should miss in my book.

[Miz4r]

As I said many times: buy and hold has historically been a winning strategy with BTC. Daytrading BTC is a huge risk, and IMO it should be done ONLY after an obvious bubble pop that leads to a bear market, as we had from mid April to July/August.

In my book this is a very bad time to daytrade, is time to hold like a motherfucker, as I've been saying since the beginning of July.

I also remember you saying I and other bulls were in denial and we would panic and capitulate soon when we sat around $70-80 in June/July. Turned out you were horribly wrong those days, I wonder how many people lost money listening to your bearish rants.

[Richy_T]

200!

I had to go to bed. Did bitcoinity do anything special?

[TheKoziTwo]

I just hate this rise. Sold too many coins No trust anymore that it will go down again to $100. Maybe $130-$150 at best.

We are close to touching the old time high again. This is not 2011.

I'm eating my cake and it tastes like chit.  

Sorry to hear that.

I'm kind of nervous myself. I'm holding, all of it, waiting for the last moment to sell. I'd love to say "it looks like it's about to turn around", but in reality, I don't see any signs for that (likely to happen eventually) correction yet. Neither on stamp nor on gox. So, I'm holding.

Thanks so much Oda.

Yeah, I switched strategy to not sell anymore as it goes up. I felt it in my gut already when price moved back up from $65 to $100, as I was selling the buying was strong. I figured we just might have seen the low already and from here it's up but I didn't listen to my gut and continued to sell up to $130.

As I said many times: buy and hold has historically been a winning strategy with BTC. Daytrading BTC is a huge risk, and IMO it should be done ONLY after an obvious bubble pop that leads to a bear market, as we had from mid April to July/August.

In my book this is a very bad time to daytrade, is time to hold like a motherfucker, as I've been saying since the beginning of July. You made fun of me because of a trolly post I wrote at the beginning of April in which I suggested to a guy to hold to his BTC if he invested what he could afford to lose and didn't want to miss the opportunity of his life. I again stand correct on that post. I don't believe in risk management with BTC, I think the bigger risk is to lose a once in a lifetime opportunity to be really "all set", and the potential with BTC is so high that you don't need to invest a significant % of your wealth, by investing what you can comfortably afford to lose your life can change for real, very soon.

We are all still early adopters, even the guy buying today for the first time, but the window is starting to close, slowly. When it closes for good, it would be sudden. We are approaching ATH, and we all know what happens when we break ATH, right? Huge media exposure and back to bubble mode, and this time $1,000 will be broken in less time you need to blink your eye. What if a BTC ETF is approved by the SEC? You can image.

Sure, secure your profits. I guess that everybody who has been into Bitcoin at least for 1 year has recouped their investment and secured profits at some point. That's the sensible thing to do. But don't fuck up by daytrading when the bear market is over, now it's time to ride the choo choo train. Yeah, crashes will follow parabolic rallies, but will you be able to time that? Be careful, in this game the one with more BTC in his wallet  is the one winning.

This + choo choo! 

+1

and also:

[Rampion]

As I said many times: buy and hold has historically been a winning strategy with BTC. Daytrading BTC is a huge risk, and IMO it should be done ONLY after an obvious bubble pop that leads to a bear market, as we had from mid April to July/August.

In my book this is a very bad time to daytrade, is time to hold like a motherfucker, as I've been saying since the beginning of July.

I also remember you saying I and other bulls were in denial and we would panic and capitulate soon when we sat around $70-80 in June/July. Turned out you were horribly wrong those days, I wonder how many people lost money listening to your bearish rants.

That was a bit earlier, but its true that many times my bearish calls were wrong. First (April, post-crash) I said the very bottom was already hit ($50) and that this was in no way like 2011, then I started to doubt about this and I wrote that we would probably go to $30. It turned out I was completely right in April, and completely wrong in May. Summing up, that was a bad call from my side for sure. Nevertheless, I missed the very bottom in the hope of doubling my coins, but we WERE in a bear market indeed, and those who sold at $125 in May (which is when I sold my coins, it's all on the forums) have bought for sure cheaper coins when we went again to $60/$70. I know I did, even if I was expecting them even cheaper. At the end of the day, I ended up with more coins I had pre-bubble - I didn't triple them, I didn't double them, but I increased them by a healthy 35%. I was up to 50% at some point, then sold at the very bottom in one occasion, fucking up, but you cannot be right 100% of the time.

What I feel sorry for is for those guys who had thousands of coins in 2011, and now they have only a few hundreds. What I guarantee you is that won't happen to me. I know very well what's my goal in this game: to end up with MORE btc I had. It's easy to make fiat profits with an asset that went from sub $1 to $266 in 3 years. Even a monkey can have fiat profits by trading such an asset. The difficult thing is to end up with MORE BTC in the process, and that's my only purpose.

[impulse]

Next major milestone would be 1000. 500 would be a minor milestone though. We're a good ways off. It may never be like the April rally again. That's neither a bad thing nor particularly lamentable. You only get one 16th birthday.

Yeah, but it's on your 21st birthday that you get wasted and make bad decisions. Buy this sucker up to $5000 you drunkards you!