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

[windjc]

Wow damn, trying not to panic sell. Bought 17.5 Coins at 766$ 2-3 days ago. I´m nervous to lose my 13.5k$

I'm going to be very honest with you. You probably should not be trading bitcoin.  If you are worried right now about your 13k investment just cash out and go do something else. You are asking all these questions on this forum without researching for yourself.

If today makes you nervous this isn't for you. Just keep enough that you don't mind losing and walk away. Check back next year to see how it's doing.

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[sumantso]

Wow damn, trying not to panic sell. Bought 17.5 Coins at 766$ 2-3 days ago. I´m nervous to lose my 13.5k$

Rule number one on bitcoin : do not sell on weekends.

Except last weekend was a good time to sell.

[macsga]

Wow damn, trying not to panic sell. Bought 17.5 Coins at 766$ 2-3 days ago. I´m nervous to lose my 13.5k$

I'm going to be very honest with you. You probably should not be trading bitcoin.  If you are worried right now about your 13k investment just cash out and go do something else. You are asking all these questions on this forum without researching for yourself.

If today makes you nervous this isn't for you. Just keep enough that you don't mind losing and walk away. Check back next year to see how it's doing.

I'd advise you the very same...

[windjc]

Wow damn, trying not to panic sell. Bought 17.5 Coins at 766$ 2-3 days ago. I´m nervous to lose my 13.5k$

I'm going to be very honest with you. You probably should not be trading bitcoin.  If you are worried right now about your 13k investment just cash out and go do something else. You are asking all these questions on this forum without researching for yourself.

If today makes you nervous this isn't for you. Just keep enough that you don't mind losing and walk away. Check back next year to see how it's doing.

I'd advise you the very same...

Not sure what you mean.  I'm excited. Can't wait for tomorrow.

[Shak]

I believe in a. but dont want to miss the bottom to get more coins. But its a dangerouse game I know.

But it feels like Bitcoin has lost is power since yesterday.

the exchange-rate isn't acting like the stock value of well-established companies. most daytraders got severly burned by going short - drops occour out of nothing and stop without reaching a predictable line of resistance. sometimes it follows a pattern, thats when all those TA followers post their fancy graphs. most of the time you just sit there and watch astonished. if you want to try it, i advice you to take only a fraction of your btc and play along. if you reduced it by 25% like a lot of people did, you may rethink about your "feelings"


best aproach if you believe in bitcoin: just tell yourself that you lost your 13.5k. gone. nothing to do about it anymore.
then come back in 2 or 3 years

[Biro Bob]

Wow damn, trying not to panic sell. Bought 17.5 Coins at 766$ 2-3 days ago. I´m nervous to lose my 13.5k$

Rule number one on bitcoin : do not sell on weekends.

I've been buying since Feb this year. My last batch at $740 may not have been the best price, but they're certainly better off in Bitcoin than my bank. The last two times I sold to buy in lower during this rally resulted in a loss - so time to switch off the computer and forget about them.

I didn't lose any USD - but I did lose BTC. If you don't need the USD right now, leave them alone!

[Mirsad]

Wow damn, trying not to panic sell. Bought 17.5 Coins at 766$ 2-3 days ago. I´m nervous to lose my 13.5k$

Better sell NOW!
Losing 13.5k$ is no fun! Just be safe. Sell and buy later.

[dani]

Wow damn, trying not to panic sell. Bought 17.5 Coins at 766$ 2-3 days ago. I´m nervous to lose my 13.5k$

Better sell NOW!
Losing 13.5k$ is no fun! Just be safe. Sell and buy later.

that ignore button is starting to shine to me..

[Davyd05]

It seems pretty clear that the trend has reversed.

what charts are you looking at .. to me it seems undecided.

I am just wanting to see CaVirtEx resume its bloody 30-50 dollars less than gox or stamp trend. Being above or at parity with them is driving me insane.. LOL I want my cheap coins all the time llol

[beaconpcguru]

The money currently floating the prices is from both the profits that have been taken and money that was already sitting on the sidelines.  Sure, the capital can come at some point to continue to keep us up here, but for now its not here to stay without a day to day change in the 10-30% range, whether it be up or down.  The people who have a significant amount of coins switched to a significant amount of fiat and are currently going in and out.  I couldn't have believed that the money I spent in January and February would be what it is now if you had told me.  There are very experienced traders here and they will manipulate to their satisfaction.

[ChartBuddy]

[hlynur]

It seems pretty clear that the trend has reversed.

bitcoin was discussed by US auth, google search trends bigger than april and you can even buy your tickets for space travel with btc....
trend is nowhere near reversal....  

it's weekend, low volume, no fresh flow of new money until monday and some whales doing their splashes trying to paint the charts and scare some weak hands...
looks normal to me  

[gizmoh]

It seems pretty clear that the trend has reversed.

It seems clear sellers are taking profit , and some weak hands panicking, and buyers are awaiting cash from bank. Rally resumes Monday,and continue the whole week, that i have little doubt. I'l be selling only on 4 digits now. 

[gandhibt]

maybe small cup forming

[beaconpcguru]

1HBa5ABXb5Yx1YcQsppqwKtaAGFPYe5xzY
1JT6DTNLMzR4F6cPziRYhBGcJ3cptP2KXZ
1933phfhK3ZgFQNLGSDXvqCn32k2buXY8a
1HQ3Go3ggs8pFnXuHVHRytPCq5fGG8Hbhx
1P3S1grZYmcqYDuaEDVDYobJ5Fx85E9fE9
14o7zMMUJkG6De24r3JkJ6USgChq7iWF86

Which moon do you think these are waiting for?  If you owned them would you sell with 70% slippage or wait until there was enough orders to fill them?  Have you calculated just the amount of money on the exchanges books (all of them).  Or the amount of coins on the sell books at any one time?  You will find alot of greed here in this field, do you think there is 11,750,000 coins that everyone has already cold stored?  Greed makes everyone look at slippage.  If Loaded were to un(load) (one) of his 40,000 bitcoin wallets it would sink us back to $300 and he would lose more profits in slippage than he could sell.   Everyone talks about being the wealthy elite and there are quite a few now, heres to hoping they don't flush it all and actually do some good with it.

[fred1111]

Bear trap complete, monday rush getting priced in. The resistance at ~760 (on bitstamp) was surprisingly high. Very bullish sign IMO.

[beaconpcguru]

Its 5 am, there should be some more happy people waking up to "cheap" coins soon  Panic buying shall ensue shortly.

[molecular]

Wow damn, trying not to panic sell. Bought 17.5 Coins at 766$ 2-3 days ago. I´m nervous to lose my 13.5k$

Rule number one on bitcoin : do not sell on weekends.

It seems not everyone got that memo.

[molecular]

I believe in a. but dont want to miss the bottom to get more coins. But its a dangerouse game I know.

But it feels like Bitcoin has lost is power since yesterday.

the exchange-rate isn't acting like the stock value of well-established companies. most daytraders got severly burned by going short - drops occour out of nothing and stop without reaching a predictable line of resistance. sometimes it follows a pattern, thats when all those TA followers post their fancy graphs. most of the time you just sit there and watch astonished. if you want to try it, i advice you to take only a fraction of your btc and play along. if you reduced it by 25% like a lot of people did, you may rethink about your "feelings"


best aproach if you believe in bitcoin: just tell yourself that you lost your 13.5k. gone. nothing to do about it anymore.
then come back in 2 or 3 years

and try to remember that darn passphrase to the paper wallet backup.

[gizmoh]

1HBa5ABXb5Yx1YcQsppqwKtaAGFPYe5xzY
1JT6DTNLMzR4F6cPziRYhBGcJ3cptP2KXZ
1933phfhK3ZgFQNLGSDXvqCn32k2buXY8a
1HQ3Go3ggs8pFnXuHVHRytPCq5fGG8Hbhx
1P3S1grZYmcqYDuaEDVDYobJ5Fx85E9fE9
14o7zMMUJkG6De24r3JkJ6USgChq7iWF86

Which moon do you think these are waiting for?  If you owned them would you sell with 70% slippage or wait until there was enough orders to fill them?  Have you calculated just the amount of money on the exchanges books (all of them).  Or the amount of coins on the sell books at any one time?  You will find alot of greed here in this field, do you think there is 11,750,000 coins that everyone has already cold stored?  Greed makes everyone look at slippage.  If Loaded were to un(load) (one) of his 40,000 bitcoin wallets it would sink us back to $300 and he would lose more profits in slippage than he could sell.   Everyone talks about being the wealthy elite and there are quite a few now, heres to hoping they don't flush it all and actually do some good with it.

Those are usually strong hands, coins bought on low double digits, even single digits. If they didn't sell so far,i doubt they will unload everything just when bitcoin is gaining recognition. Also who says they will sell on exchange with huge slippage, there are surely big investors out there interested to buy thousands of coins with No slippage, its Win-win for both buyer and seller.