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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 25252075 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. (157 posts by 13 users deleted.)
Wekkel
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July 14, 2017, 04:01:21 AM

Guys, no need to quote meters of text from the previous posts if replying with one sentence. Keep the thread lean and mean please  Kiss
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Reply with quote  #2

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JayJuanGee
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How much alt coin diversification is needed? 0%?


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July 14, 2017, 04:05:27 AM
Last edit: July 14, 2017, 04:45:38 AM by JayJuanGee


better to buy as the price goes down and sell as the price goes up, but don't buy or sell too much in order that you do not run out of either bitcoins (on the way up) or fiat (on the way down).

So in that regard, if you only have bitcoins because you used all your fiat to buy at a price that is higher than the current price, then you just have to wait it out for however much time it takes to return to you purchase price level, even if it takes a year or two.  

In the meantime, if BTC prices continue to go down, which surely is possible, just continue to buy $10 per week (or whatever reasonable amount is in your budget), and sooner or later, you continue to bring down your average cost per BTC and you will be back in the the game and be able to sell some of your bitcoins either below $2600 or above $2600 (but as long as you are selling as the price goes up and buying as the price goes down, you should be good), and whenever BTC returns to that $2600 level (whether this week or a few years from now), you will be fully back... and hopefully learned some lessons along the way...hahahahaha   Cheesy


^ This!

Lol, yeah also my tactics. But I am running into a strategic flaw now : not enough fiat to keep buying the dips... .  Cheesy


The highest possible level of our current correction from $2980 down to $2130 - is less than 30%...

However, if you have been in the game for 6 months, then you have had a run up from $890 to $2980.

Of course, if you just got in, then you may have had some troubles accumulating in the sub$1k price arena.

I attempt to carefully monitor my fiat levels - and I understand what you mean to be running out of fiat, yet I think that we still should be prepared for less likely scenarios - and even returning to sub $1k prices is not out of the realm of possibilities.  I will admit that I will likely start to have to scramble a bit at $1500 and surely the level of scrambling would be higher if we go sub $1k.

By no means am I a bear, and I have been accumulating more and more bitcoin in preparation for up - but I still think that it remains prudent to accumulate enough fiat (and maintain enough fiat) for a certain level of outrageous and irrational down.

Surely, a lot of us might be mentally kicking ourselves if prices were to go down to sub $1k - yet even though I feel some of that kind of remorse, I still stick to my practice of largely buying on the way down and selling on the way up.. and the only times I make an exception to that practice is when I have a real high level of certainty (like 80% or 90%) of price direction of at least a 10% change.. which certainty seems to be as rare for me as naturally occurring snowballs in the tropics.


But sometimes they do happen, am i right, or am i right ?

Actually Ecuador (the country) is sited so high in the Andes that even being under the Equatorial line it is likely to have snowfalls any time of the year.


Well, fuck me, then.   Cheesy Cheesy Cheesy  Are Andes in Ecuador considered tropical snowfalls? which would lead to tropical snowballs?
JayJuanGee
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July 14, 2017, 04:07:45 AM

Guys, no need to quote meters of text from the previous posts if replying with one sentence. Keep the thread lean and mean please  Kiss


Looks like Meuh768797 is rubbing off on folks, no?  (I threw in two more 7s for goodluck)
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July 14, 2017, 04:23:35 AM


better to buy as the price goes down and sell as the price goes up, but don't buy or sell too much in order that you do not run out of either bitcoins (on the way up) or fiat (on the way down).

So in that regard, if you only have bitcoins because you used all your fiat to buy at a price that is higher than the current price, then you just have to wait it out for however much time it takes to return to you purchase price level, even if it takes a year or two.  

In the meantime, if BTC prices continue to go down, which surely is possible, just continue to buy $10 per week (or whatever reasonable amount is in your budget), and sooner or later, you continue to bring down your average cost per BTC and you will be back in the the game and be able to sell some of your bitcoins either below $2600 or above $2600 (but as long as you are selling as the price goes up and buying as the price goes down, you should be good), and whenever BTC returns to that $2600 level (whether this week or a few years from now), you will be fully back... and hopefully learned some lessons along the way...hahahahaha   Cheesy


^ This!

Lol, yeah also my tactics. But I am running into a strategic flaw now : not enough fiat to keep buying the dips... .  Cheesy


The highest possible level of our current correction from $2980 down to $2130 - is less than 30%...

However, if you have been in the game for 6 months, then you have had a run up from $890 to $2980.

Of course, if you just got in, then you may have had some troubles accumulating in the sub$1k price arena.

I attempt to carefully monitor my fiat levels - and I understand what you mean to be running out of fiat, yet I think that we still should be prepared for less likely scenarios - and even returning to sub $1k prices is not out of the realm of possibilities.  I will admit that I will likely start to have to scramble a bit at $1500 and surely the level of scrambling would be higher if we go sub $1k.

By no means am I a bear, and I have been accumulating more and more bitcoin in preparation for up - but I still think that it remains prudent to accumulate enough fiat (and maintain enough fiat) for a certain level of outrageous and irrational down.

Surely, a lot of us might be mentally kicking ourselves if prices were to go down to sub $1k - yet even though I feel some of that kind of remorse, I still stick to my practice of largely buying on the way down and selling on the way up.. and the only times I make an exception to that practice is when I have a real high level of certainty (like 80% or 90%) of price direction of at least a 10% change.. which certainty seems to be as rare for me as naturally occurring snowballs in the tropics.


But sometimes they do happen, am i right, or am i right ?

Actually Ecuador (the country) is sited so high in the Andes that even being under the Equatorial line it is likely to have snowfalls any time of the year.

Didn´t know that. Thank you.

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July 14, 2017, 04:50:18 AM
Last edit: July 14, 2017, 05:14:00 AM by nanobtc

Guys, no need to quote meters of text from the previous posts if replying with one sentence. Keep the thread lean and mean please  Kiss

Agreed. dozens of lines of quotes for a few words of reply? Life is too short. Edit your stuff.
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July 14, 2017, 05:57:47 AM

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July 14, 2017, 06:04:52 AM

Some people think that this thread is called "Wall Observer" because we watch walls on the charts.

The reality is that we watch walls of text.
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July 14, 2017, 06:50:58 AM

you watch what you post Tongue shit in - shit out

BTC is starting to look heavy on daily chart, it doesn't look too well for bulls.
In forex I would switch to 'sell rallies mode' ; but this is different beast than fiat forex.  Cheesy
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July 14, 2017, 07:00:38 AM


[NONSENSE]

G0ood points!

After this post I totally believe you should be banned forever
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Zepher is scammer!:)


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July 14, 2017, 10:48:14 AM


[NONSENSE]

G0ood points!

After this post I totally believe you should be banned forever

Today btc difficulty grows for miners +13% ...its good for btc price I think  Wink After two weeks it grows again for 13 % Cool
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July 14, 2017, 11:23:00 AM

Today btc difficulty grows for miners +13% ...its good for btc price I think  Wink
After two weeks it grows again for 13 % Cool

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July 14, 2017, 11:31:01 AM


[NONSENSE]

G0ood points!

After this post I totally believe you should be banned forever


+111111111111111111111111111111111111111111111111111111111111111111111111111111
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July 14, 2017, 12:11:24 PM

Strange USD funding wall on Bitfinex...$5.5 million at .03%.

Usually the funding is in the hundreds of thousands at most.

Not sure what it means, a lot of people can go long for a very low rate.
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July 14, 2017, 12:14:43 PM

Strange USD funding wall on Bitfinex...$5.5 million at .03%.

Usually the funding is in the hundreds of thousands at most.

Not sure what it means, a lot of people can go long for a very low rate.

Could be new Swiss player Falcon Privatbank - there are negative interest rates in Switzerland ...

  Grin

Oh shit, forgot about Swissquote - they announced Bitcoin trading today:

https://www.wallstreet-online.de/nachricht/9743236-bitstamp-and-swissquote-pioneer-bitcoin-integration-with-the-traditional-financial-system
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July 14, 2017, 12:58:21 PM

I'm shorting BTC for the first time in my life.
Sorry guys  Cool

This chart is very likely. Still bullish AF in the long run:
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July 14, 2017, 02:34:18 PM
Last edit: July 14, 2017, 02:45:05 PM by bitserve

Strange USD funding wall on Bitfinex...$5.5 million at .03%.

Usually the funding is in the hundreds of thousands at most.

Not sure what it means, a lot of people can go long for a very low rate.

It probably means there have been a LOT of sells that are now in FIAT and they don't want to widthdraw to banks so they go the lending route with their "crypto money". Bullish!
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July 14, 2017, 02:44:51 PM

It still did not fall thru the 2200USD. And there is a broker here (Bitonic) who displays how much BTC they have in stock. And that is not more than average. For what it is worth of course.
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July 14, 2017, 03:05:55 PM

Always OK for me ... nothing unusual.

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July 14, 2017, 03:19:45 PM

I'm shorting BTC for the first time in my life.
Sorry guys  Cool

Feel sorry for you loser  Cool
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July 14, 2017, 03:34:29 PM

The pound was set for a weekly advance against the dollar as the prospect of tighter monetary policy in the U.K. combined with pared bets for U.S. rate rises.
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