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

[Davyd05]

Ahhh...there's that spike I could feel.

Went out and did some weeding...always a sure thing the market will move while I'm away.

So, educated madames et monsieurs....where do we take profits before this trend reverses?

somewhere between 1700 and 2200

Mwahhahah

Then I looked at BTCWisdom and saw 6000CNY hoving in to view...that was Mr Reptile's prediction about 2200USD...1700 probably seems more realistic.
What fun

lets see if it can fight through some of the profit taking insurance points on the way back to 1000

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[Vigil]

What sucks is that I bought back in above the point at which I sold before the crash - oh, well... at least I got in.

When will people learn from the great investing sage Zhou Tonged?

Or I could have held and it crashed to $400 and stayed there for the next 3 months - missing out on doubling my coins. This recent "crash" wasn't a real crash, obviously, but it usually makes sense to take profit and buy in at the lower price point.

[nanobrain]

Ahhh...there's that spike I could feel.

Went out and did some weeding...always a sure thing the market will move while I'm away.

So, educated madames et monsieurs....where do we take profits before this trend reverses?

somewhere between 1700 and 2200

Mwahhahah

Then I looked at BTCWisdom and saw 6000CNY hoving in to view...that was Mr Reptile's prediction about 2200USD...1700 probably seems more realistic.
What fun

lets see if it can fight through some of the profit taking insurance points on the way back to 1000

BTCChina just seems to get the shits close to 6000CNY..that's defo a profit point for a lot of investors there, big psychological barrier it seems.

[jojo69]

"chew chew"  fuck yeah!!

rofl

[justusranvier]

it usually makes sense

Bitcoin isn't usual.

All it takes is one mistake when it moves against you and you've permanently ended up with half the BTC you could have owned if you'd have just held.

[solex]

the 1000 USD mark will make lots of headlines around the world...

Almost as much as the $1279 mark (or thereabouts).

[nanobrain]

the 1000 USD mark will make lots of headlines around the world...

Almost as much as the $1279 mark (or thereabouts).

AKA the gold price?

[Vigil]

it usually makes sense

Bitcoin isn't usual.

All it takes is one mistake when it moves against you and you've permanently ended up with half the BTC you could have owned if you'd have just held.

It would have made sense two out of the three "bubbles" to do so. This price will crash as well. I am taking profit when it looks like the top and I'll double or tripple my coins on the buy-back.

[gambitv]

I am amazed it is this high already 5,731.00 CNY = 940.526 USD

Are we there yet...can I sell a wee bit more.

[jojo69]

it usually makes sense

Bitcoin isn't usual.

All it takes is one mistake when it moves against you and you've permanently ended up with half the BTC you could have owned if you'd have just held.

It would have made sense two out of the three "bubbles" to do so. This price will crash as well. I am taking profit when it looks like the top and I'll double or tripple my coins on the buy-back.

good luck with that

[btcprice]

I am amazed it is this high already 5,731.00 CNY = 940.526 USD

Are we there yet...can I sell a wee bit more.

I am amazed it is this high already 5,731.00 CNY = 940.526 USD

Are we there yet...can I sell a wee bit more.

https://www.youtube.com/watch?v=_0qsi1z4Fi8

[molecular]

it usually makes sense

Bitcoin isn't usual.

All it takes is one mistake when it moves against you and you've permanently ended up with half the BTC you could have owned if you'd have just held.

It would have made sense two out of the three "bubbles" to do so. This price will crash as well. I am taking profit when it looks like the top and I'll double or tripple my coins on the buy-back.

good luck with that

I've given up trying. Just doesn't work for me.

[Vigil]

it usually makes sense

Bitcoin isn't usual.

All it takes is one mistake when it moves against you and you've permanently ended up with half the BTC you could have owned if you'd have just held.

It would have made sense two out of the three "bubbles" to do so. This price will crash as well. I am taking profit when it looks like the top and I'll double or tripple my coins on the buy-back.

good luck with that

What is luck about it? If you sold at $250 and bought back at $100 you would have done just as well. If you did the same at $30 even better. Once this rise is done its going back down to $400-$500. You sell once it starts going parabolic and buy in. Its not that difficult. Only thing is this past bubble burst early, so get back in to make profit and let it burst again.

[jojo69]

great, report back when you double your coins

[Vigil]

great, report back when you double your coins

I've already done so multiple times.

[ChartBuddy]

[rpietila]

it usually makes sense

Bitcoin isn't usual.

All it takes is one mistake when it moves against you and you've permanently ended up with half the BTC you could have owned if you'd have just held.

For most people, holding 100% of the initial amount is not a wise choice. It is good to diversify by selling into strength to account for the possibility of a black swan event in Bitcoin technology. This way you steadily accumulate also non-BTC assets, and can learn how to handle wealth. You sleep better and don't see dips in price as an opportunity to panic, but rather an opportunity to buy back if you really feel like so. The selling plan must be based on percentages, which means that no matter how high bitcoin goes, you still have more value in your remaining BTC.

If you have BTC1,000 and you absolutely want to have the same number when it hits $million, then it is best to just bury the paper wallet into ground and wake up when you are a billionaire. Trading only makes you lose the most of it over time with no gain. But it is not healthy for anyone to suddenly become a billionaire.

If instead, you flex your Excel muscle and devise a plan to sell BTC900 in decreasing increments at exponentially rising price points, you will already be rich and well-established when bitcoin hits $1 million, and totally content with the idea that your remaining stash is still worth a cool $100M.

[marcus_of_augustus]

Ahhh...there's that spike I could feel.

Went out and did some weeding...always a sure thing the market will move while I'm away.

So, educated madames et monsieurs....where do we take profits before this trend reverses?

somewhere between 1700 and 2200

... my calcs are putting this next peak somewhere between 2500-3200 ... but not until March or so.

One thing to note is the total time taken for the run-ups at each adoption phase is longer than the last ... i.e. each bull wave gets more powerful than the last.

[crazy_rabbit]

it usually makes sense

Bitcoin isn't usual.

All it takes is one mistake when it moves against you and you've permanently ended up with half the BTC you could have owned if you'd have just held.

For most people, holding 100% of the initial amount is not a wise choice. It is good to diversify by selling into strength to account for the possibility of a black swan event in Bitcoin technology. This way you steadily accumulate also non-BTC assets, and can learn how to handle wealth. You sleep better and don't see dips in price as an opportunity to panic, but rather an opportunity to buy back if you really feel like so. The selling plan must be based on percentages, which means that no matter how high bitcoin goes, you still have more value in your remaining BTC.

If you have BTC1,000 and you absolutely want to have the same number when it hits $million, then it is best to just bury the paper wallet into ground and wake up when you are a billionaire. Trading only makes you lose the most of it over time with no gain. But it is not healthy for anyone to suddenly become a billionaire.

If instead, you flex your Excel muscle and devise a plan to sell BTC900 in decreasing increments at exponentially rising price points, you will already be rich and well-established when bitcoin hits $1 million, and totally content with the idea that your remaining stash is still worth a cool $100M.

That is incredibly sage advice and I just might take it. Really. Some people should read this carefully. You are absolutely right, being a billionaire overnight is not healthy. Not even being a millionaire overnight is healthy.

[justusranvier]

For most people, holding 100% of the initial amount is not a wise choice. It is good to diversify by selling into strength to account for the possibility of a black swan event in Bitcoin technology. This way you steadily accumulate also non-BTC assets, and can learn how to handle wealth. You sleep better and don't see dips in price as an opportunity to panic, but rather an opportunity to buy back if you really feel like so. The selling plan must be based on percentages, which means that no matter how high bitcoin goes, you still have more value in your remaining BTC.

If you have BTC1,000 and you absolutely want to have the same number when it hits $million, then it is best to just bury the paper wallet into ground and wake up when you are a billionaire. Trading only makes you lose the most of it over time with no gain. But it is not healthy for anyone to suddenly become a billionaire.

If instead, you flex your Excel muscle and devise a plan to sell BTC900 in decreasing increments at exponentially rising price points, you will already be rich and well-established when bitcoin hits $1 million, and totally content with the idea that your remaining stash is still worth a cool $100M.

For me, Bitcoin is not an investment - it's immigration.

Instead of being a fiat native who dabbles in Bitcoin, I'm now a Bitcoin native who only deals with fiat reluctantly, when it's unavoidable.

At the present time I pay for more than 50% of my monthly expenses with BTC and that percentage is trending up.