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December 10, 2018, 04:41:54 PM *
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Question: Dec. 15 Closing Price:
<$3,000 - 43 (25.1%)
$3,000-$3,200 - 11 (6.4%)
$3,200-$3,400 - 9 (5.3%)
$3,400-$3,600 - 4 (2.3%)
$3,600-$3,800 - 8 (4.7%)
$3,800-$4,000 - 10 (5.8%)
$4,000-$4,200 - 9 (5.3%)
$4,200-$4,400 - 4 (2.3%)
$4,400-$4,600 - 3 (1.8%)
$4,600-$4,800 - 3 (1.8%)
$4,800-$5,000 - 9 (5.3%)
>$5,000 - 58 (33.9%)
Total Voters: 171

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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 20845256 times)
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micgoossens
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yeah,well you know that's just like your opinion


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September 17, 2018, 09:19:38 PM

Who sold at the bottom?


At the last bottom....? I think not to Many in here, and i Will not if there’s a new bottom, let cheap coins come to me thx in advance..... new coins are always welcome  Smiley
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Clueless!


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September 17, 2018, 09:27:10 PM

Who sold at the bottom?


At the last bottom....? I think not to Many in here, and i Will not if there’s a new bottom, let cheap coins come to me thx in advance..... new coins are always welcome  Smiley

In HODL Horde mode ..since 2015...(not to say I'm still not clueless...more like 'frozen' on indecision I guess)

You know what they say, right now BTC is either the ATL (groan) for the year.....or the ATH (also groan!) for the year..take your pick.

chump or champ....time will tell on my 2015 HODL bet. (I"m scared......hold me....heh...I crack my self up...likely because I'm cracked up)

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September 17, 2018, 09:31:08 PM

OT: https://www.cnbc.com/2018/09/17/amazon-planning-8-new-alexa-devices-microwave-amplifier.html

This is getting hilariously stupid. They literally want you to have devices crammed in every orifice of your life so they can monitor and spy on you.... everywhere.

Talk about a Trojan horse.  Roll Eyes
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BTC or BUST


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September 17, 2018, 09:41:39 PM

Who sold at the bottom?


I sold a little when it looked like it wasn't going to break $10k and then I cried all the way to $20k and back down..
I don't feel too bad about it now but I would like to buy it back..
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Not investment advice I am a degenerate hat eater


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September 17, 2018, 09:42:53 PM
Merited by JayJuanGee (1)

Nice to see Monero back in the top ten. Could have been there for awhile mind you and I haven’t noticed.

Are you invested in monero?

I am conflicted about Monero.  I love the idea of a truly anonymous currency.  But from an investment point of view, I think their tail emissions policy is flawed.  I know it is only 0.6 XMR per block, but I feel that is enough to have a real impact on supply, meaning that Bitcoin is a far superior long term investment.  

So I watch Monero closely but don't hold any.  I had a fair stack that I sold for Bitcoin at the start of this year.  If I start to feel that Bitcoin is under threat, I might go back to holding some Monero as a hedge.  I held a stack of Monero through the Bcash debacle as a defensive hedge. 

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September 17, 2018, 09:50:49 PM

Nice to see Monero back in the top ten. Could have been there for awhile mind you and I haven’t noticed.

Are you invested in monero?

I am conflicted about Monero.  I love the idea of a truly anonymous currency.  But from an investment point of view, I think their tail emissions policy is flawed.  I know it is only 0.6 XMR per block, but I feel that is enough to have a real impact on supply, meaning that Bitcoin is a far superior long term investment.  

So I watch Monero closely but don't hold any.  I had a fair stack that I sold for Bitcoin at the start of this year.  If I start to feel that Bitcoin is under threat, I might go back to holding some Monero as a hedge.  I held a stack of Monero through the Bcash debacle as a defensive hedge. 
Far more importantly, if you have a few millions set aside and you cash them out to buy, say, a house, the taxman will show up with Questions.

Being below board is simply not worth it in the current culture.
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September 17, 2018, 09:51:55 PM
Merited by JayJuanGee (1)

Who sold at the bottom?


I sold a little when it looked like it wasn't going to break $10k and then I cried all the way to $20k and back down..
I don't feel too bad about it now but I would like to buy it back..

I doubt many of expected it to break 10k, then quickly pump up to 20k. I thought it would briefly touch 10k then crash back down again. At least you didn't buy back at a higher price than you sold at. Sell high, buy back low.
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September 17, 2018, 10:09:59 PM

Long range price forecast for balance of 2018.

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September 17, 2018, 10:13:53 PM

Nice to see Monero back in the top ten. Could have been there for awhile mind you and I haven’t noticed.

Are you invested in monero?

I am conflicted about Monero.  I love the idea of a truly anonymous currency.  But from an investment point of view, I think their tail emissions policy is flawed.  I know it is only 0.6 XMR per block, but I feel that is enough to have a real impact on supply, meaning that Bitcoin is a far superior long term investment.  

So I watch Monero closely but don't hold any.  I had a fair stack that I sold for Bitcoin at the start of this year.  If I start to feel that Bitcoin is under threat, I might go back to holding some Monero as a hedge.  I held a stack of Monero through the Bcash debacle as a defensive hedge.  
Far more importantly, if you have a few millions set aside and you cash them out to buy, say, a house, the taxman will show up with Questions.

Being below board is simply not worth it in the current culture.

I am not American so not subject to tax on my global income if I stop being a tax resident of my country of residence.  If I ever trigger a retirement event through crypto, I will just move offshore.  All perfectly legal. 
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September 17, 2018, 10:24:40 PM

Nice to see Monero back in the top ten. Could have been there for awhile mind you and I haven’t noticed.

Are you invested in monero?

I am conflicted about Monero.  I love the idea of a truly anonymous currency.  But from an investment point of view, I think their tail emissions policy is flawed.  I know it is only 0.6 XMR per block, but I feel that is enough to have a real impact on supply, meaning that Bitcoin is a far superior long term investment.  

So I watch Monero closely but don't hold any.  I had a fair stack that I sold for Bitcoin at the start of this year.  If I start to feel that Bitcoin is under threat, I might go back to holding some Monero as a hedge.  I held a stack of Monero through the Bcash debacle as a defensive hedge.  
Far more importantly, if you have a few millions set aside and you cash them out to buy, say, a house, the taxman will show up with Questions.

Being below board is simply not worth it in the current culture.

I am not American so not subject to tax on my global income if I stop being a tax resident of my country of residence.  If I ever trigger a retirement event through crypto, I will just move offshore.  All perfectly legal. 
It might be legal, in theory, now. But states always want more power and control, never less. Laws change.
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September 17, 2018, 10:41:43 PM
Merited by nanobtc (1)

OT: https://www.cnbc.com/2018/09/17/amazon-planning-8-new-alexa-devices-microwave-amplifier.html

This is getting hilariously stupid. They literally want you to have devices crammed in every orifice of your life so they can monitor and spy on you.... everywhere.

Talk about a Trojan horse.  Roll Eyes
We are your Corporate Overlords. Lower your shields and surrender your ships. We will add your biological and technological distinctiveness to our own. Your culture will adapt to service us. Resistance is futile.
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September 17, 2018, 11:03:18 PM

Wife knows all about what I got and is cool and calm about it all and trusts me to sell when it is the right time to.

We have plans to build a new house. We bought the land back in December last year, sold enough BTC to pay for the land deposit and architect fees then, pretty much a day before the peak. It has been a long drawn out process getting planning sorted, the plans are not quite finalised yet still.

What I have in BTC is enough to build half the planned house, and so we sit and wait for it to come back up before we start building.

We currently own our current house with only a small mortgage left on it as well, so we aren't wasting rent money waiting here. Just with a toddler and a baby now, the current house is getting a bit cramped.

New house is going to be in the order of 10,000 sqft all up on a 5 acre plot. Grin

Your purported situation comes off as if it were contrived in that you are both suggesting that you sold a large chunk of your BTC at the top of the market and that you are waiting for the BTC price to go up in order to be able to carry out the rest of the project - perhaps even short-sighted if you are planning real estate projects based on bitcoin price movements without any other cushion.

Does your wife happen to be a 10, too?   or at least a 9.3? Cheesy Cheesy Cheesy
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September 17, 2018, 11:08:31 PM

Would you prefer Proudhon?

You make me feel like this, Hairybeary:

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September 17, 2018, 11:27:27 PM

All of this is still just noise. Wake me up if price goes below $6,00.

Fuck!
I’ll hang myself if it goes below 6 dollars Grin


Wtf i think there Will be Many hangings if that happens.......

Right now it would actually be amusing as all the hangings would be on Wall Street! Cheesy

Everyone here would just buy M0ar!

Something similar already happened in 2011 when gox got hacked, and Bitcoin crashed to one cent each. The price went back up afterwards and 2011 hodlers are now rich. If it goes below $6 I'll be simultaneously buying and crying.

LOL, the Crying Buy! Do we have a Meme for that?

Reminds me of the Crying call in poker. Cheesy

I had to make one for a grand last week when the board went runner runner straight on my set.





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September 17, 2018, 11:42:27 PM




These so far unsuccessful about 5 attempts to break below $6k don't necessarily play well for the bear case, but they do not come anywhere close to guaranteeing a bullish scenario either, because for me to feel comfortable and out of the woods, then BTC price is going to have to return comfortably into the area in which it is testing $10k resistance and even perhaps breaking through such resistance - even if such breaking through is NOT sustained, I might become a bit more comfortable that the bottom is already in, and that our current crypto winter (baby winter) is NOT going to be as bad as the 2014-2015 crypto winter (arguably dragging into 2016).




I like your analysis generally. 

Most posters, as you point out, come out with proclamations based on either nothing, or misread/false facts.

Given that nobody has a crystal ball, it takes a bit of skill and experience to express a cogent scenario. Making cases for alternative price moves is nearly always the best way.


'Baby Winter'  :  could be possible, and it helps the case for the bottom being already in. If its a full Winter, then a bottom in the 2-3k range is more possible. I hate the idea of that, but the market often makes us take the worst tasting medicine.

Whichever way, it will be a long climb out, and patience is needed.


You would not presume that I would not quibble a bit with the tension in what you are saying, here,  which seems to be referring to: 1) a variation of possible outcomes and 2) your seeming contrasting of a "baby winter" versus a "full winter" as if those were the only two scenarios.

Your statements seems to in tension.. hahahahahaha

relieve the tension... relieve the tension.




In that regard, it seems to me that there are a lot of scenario variants in between the 1) "bottom is in" versus the 2) "bottom is in the $2k-$3k arena.   Even though one or the other scenario might be the most likely of scenarios, merely because another scenario might be less likely would not reasonably conclude that the less likely variant would NOT end up being the outcome (which plays well into the nobody knows idea, even while perhaps being able to agree on scenarios that are more likely but don't end up playing out even while they are more likely). 
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September 18, 2018, 12:00:17 AM


It appears big players are accumulating. It's only the small ones that are selling.

OBV is giving a contrary indication to EMA price moving averages and has been on an uptrend since late March.


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September 18, 2018, 12:14:06 AM


It appears big players are accumulating. It's only the small ones that are selling.

OBV is giving a contrary indication to EMA price moving averages and has been on an uptrend since late March. Top




Interesting.  Has this been an indicator of future price movement in the past?
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September 18, 2018, 12:18:31 AM

I just pulled the trigger and bought another $1000 from $6500.  Grin

It was a risky decision if you think for short term but since I am here till 2021 It doesn't matter much...


In the long run it doesn't matter much. People were trying to buy the bottom in 2015, but it didn't make much difference if you bought in at $150, or $200, or $250. By 2021 the price could be hundreds of thousands of dollars, and $6500 coins will be a distant memory.

Actually, in 2014, when the price was fluctuating between $400 and $700, I recall some members crying about coins that they bought in the $700 range or even higher, and other members asserting that in the longer run, all of those coins are going to be profitable - which ended up being the case by late 2016 - and all of those coins became very profitable by mid-2017 without really returning to being unprofitable.

In the end, if we keep buying bitcoin and engaging in a kind of hybrid dollar cost average that also attempts to buy on dips, we are likely to profit handsomely, even if we make a few mistakes here and there.  The most profitable were the ones who took some kind of stake in bitcoin and stuck with accumulating, rather than waiting on the sidelines for the price to drop - which seemed to neither come when you wanted it and price drops do not tend to inspire confidence for a lot of folks, even when attempting to HODL and ACCUMULATL through it  

So even when the folks who sold in the $1k to $3k arena may have felt profitable, at this time it still seems questionable whether they are going to be able to get back into bitcoin anywhere near their selling price and they also missed a lot of opportunity to sell some or all of their BTC at much higher prices.  By the way, if you are investing in BTC long term, rather than short term, then you should not be cashing out all of your BTC, even if the price goes shooting up, even though it might well be prudent to shave some of the profits off on the way up by selling reasonable portions of your stash that allows you to still have some, in the event that the price keeps going up beyond your expectations, which seems to be about 3x to 5x of greater than expected returns (on paper) of what happened in December 2017.
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September 18, 2018, 12:58:27 AM

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September 18, 2018, 01:13:38 AM

CAUTION! Volatile days ahead:



Yeah that doesn’t read good I’m afraid. If I was a day trader I’d go short right now.

"Going short" means using margin, right?

Is there a way to still be a day trader without using margin?  

So, if you are trader that does NOT use margin, then that would be selling, right now.  Either way (using margin to bet on down or selling right now), does not seem good to me.  But what do I know?  especially when it comes to profitably playing the dynamics of margin?
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