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

[luis77]

I dont know anything about trading, just some month studing it for btc, i suppossed it was easier to predict a crash but I now know its not :-). most of you didnt sold on april??

Typical wannabe smart traders sold in February, held in March, bought in early April, held during May and June, even during July drop, and sold in September. Bought back in October, are now holding or perhaps already sold. Losing in every stage. No plan whatsoever.

If we take the population who had any bitcoins in the beginning of 2013, do you honestly think many of them have more bitcoins now? The oldtimers can remember what was their greatest number of bitcoins, and how many they have now. Not many can increase their stash, except by buying and refusing to sell. That way it is slow, but actually very easy

Yes probably not, this currency is insane :-)

[el_rlee]

I dont know anything about trading, just some month studing it for btc, i suppossed it was easier to predict a crash but I now know its not :-). most of you didnt sold on april??

Typical wannabe smart traders sold in February, held in March, bought in early April, held during May and June, even during July drop, and sold in September. Bought back in October, are now holding or perhaps already sold. Losing in every stage. No plan whatsoever.

If we take the population who had any bitcoins in the beginning of 2013, do you honestly think many of them have more bitcoins now? The oldtimers can remember what was their greatest number of bitcoins, and how many they have now. Not many can increase their stash, except by buying and refusing to sell. That way it is slow, but actually very easy

Didn't you sell yourself some time ago?

[Shermo]

Did anyone see the cookie monster picture on bitcoinity when the price hit $600? Nearly choked on my breakfast when I saw that!

I am moving my stash to a paper wallet and locking it away in my fire safe and hiding the key somewhere awkward for me to get to and then sitting on my hands, I think the next few months are going to be crazy and the best thing to do whilst it shoots up and possibly tumbles back down a few times is to just sit tight and hold! I've already sold too many and now I just need to hold tight with what I have left.

[Zangelbert Bingledack]

i missed a few hours of fun.

I almost got divorced tonight almost! my life is really crazy these days.
unbelievable shit.
bitcoin prices moving like this has is not helping! can't sleep, super thrilled one min, then life reminds you that money really doesn't buy happiness.

Shit man, that sucks. Bitcoin can really take you away from friends and family. That means you should probably reduce the size of your position in Bitcoin and increase the size of your position in her

[thetopham]

long term its better but i think its not bad daytrading days like today with high volatility

Not if you're a beginner(!!!)

Not even if you're an expert, unless you're exceptional. These boards are littered with the bodies of day traders who thought they could out-think the market. Some of them were very, very smart with decades of investment experience, fluents in many kinds of technical analysis. I notice the buy-and-holders are still here, whereas each monthly generation of traders has come and gone.

Luckily for you, buy and hold is also the easiest strategy for the beginner, in addition to being the most profitable. We may well crash fairly soon so now is not the best time to buy, but as rpietila said if you're still accumulating it doesn't matter much. Don't be a pig, just get in.

Here's a handy strategy guide for how to invest in Bitcoin, if you ever get stuck.

Thank you for this!

[dwdoc]

Why are the USD exchanges not following China? ^^

China exchange has a coin shortage.

What happens if they run out?

It's an exchange, not a store to buy BTC. So short of coin means no one want to sell at current price. Seems only around 1000 BTC in the ask side.

I suppose if there were all buyers and no registered sellers on an exchange and the buyers placed all their coins in cold storage the exchange could run out of coins the same way bitstamp seems to have run short of fiat.

[luis77]

long term its better but i think its not bad daytrading days like today with high volatility

Not if you're a beginner(!!!)

Not even if you're an expert, unless you're exceptional. These boards are littered with the bodies of day traders who thought they could out-think the market. Some of them were very, very smart with decades of investment experience, fluents in many kinds of technical analysis. I notice the buy-and-holders are still here, whereas each monthly generation of traders has come and gone.

Luckily for you, buy and hold is also the easiest strategy for the beginner, in addition to being the most profitable. We may well crash fairly soon so now is not the best time to buy, but as rpietila said if you're still accumulating it doesn't matter much. Don't be a pig, just get in.

Here's a handy strategy guide for how to invest in Bitcoin, if you ever get stuck.

Thank you for this!

+1

[BitThink]

Why are the USD exchanges not following China? ^^

China exchange has a coin shortage.

What happens if they run out?

It's an exchange, not a store to buy BTC. So short of coin means no one want to sell at current price. Seems only around 1000 BTC in the ask side.

I suppose if there were all buyers and no registered sellers on an exchange and the buyers placed all their coins in cold storage the exchange could run out of coins the same way bitstamp seems to have run short of fiat.

Yes, I am just saying it's not exactly like a store out of stock, but an exchange out of sellers.

Bitstamp short of fiat because the banks closing at weekend. But short of BTC only means no sellers (more precisely no one put ask orders) since BTC transactions are 24/7.

No ask orders does not mean there are no selling pressure. Sellers could be hesitating at predicting the trend. They may keep watching the market and put the mouse over the 'market sell' botton now. Some sellers may also set the selling threshold on their trading bots.

Therefore, crash may happens anytime. Just needs some one pull the trigger.

[rpietila]

I dont know anything about trading, just some month studing it for btc, i suppossed it was easier to predict a crash but I now know its not :-). most of you didnt sold on april??

Typical wannabe smart traders sold in February, held in March, bought in early April, held during May and June, even during July drop, and sold in September. Bought back in October, are now holding or perhaps already sold. Losing in every stage. No plan whatsoever.

If we take the population who had any bitcoins in the beginning of 2013, do you honestly think many of them have more bitcoins now? The oldtimers can remember what was their greatest number of bitcoins, and how many they have now. Not many can increase their stash, except by buying and refusing to sell. That way it is slow, but actually very easy

Didn't you sell yourself some time ago?

Yes. The selling was according to my divestation plan, but the timing was unforgivingly bad. Following the plan with clear head and analysis, I would probably be selling right now. Instead I sold way too early (in monetary terms, even though it's only a few months) and therefore don't have a new house for Christmas  

[ardana123]

people selling on gox CHINA DOESNT GIVE A FUK LOL

[NO2squik]

Here it goes! It's fighting!

HOLD!

[Shermo]

Yes. The selling was according to my divestation plan, but the timing was unforgivingly bad. Following the plan with clear head and analysis, I would probably be selling right now. Instead I sold way too early (in monetary terms, even though it's only a few months) and therefore don't have a new house for Christmas  

Join the club mate, I sold about 50% earlier this month to get back my initial investment of £££ and so I wasn't full in BTC as it was getting too scary. If I'd only waited a bit long I could have sold 25% instead, but thats life eh?

[pera]

+25% in 12hs, amazing!

[dwdoc]

here we go

[ardana123]

China unfazed. Rally resumes.

[dwdoc]

china following down now

[Voodah]

here we go

How low we going?



550 tryng to hold... if not.. sub 500 coins???

[Crazy]

BTCChina is laggy under volume. A selloff will come very choppily if it happens

[ChartBuddy]

[BitThink]

BTC transaction is way too slow. I should've transferred 30 minutes earlier.