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

[Vycid]

China rallying all on its own  

Chinese saw that this was no big deal an are buying back....

I am all BTC for the night. Let's see what tomorrow will bring...

I thought screw it and sold my return of investment, which was about an order of magnitude more than I could afford to lose.

How could you possibly have an order of magnitude more wealth in bitcoins than you could afford to lose? Suppose you originally could afford to lose $10,000 and put all of that into Bitcoin at $100/coin. Having $110,000 at $1100/coin doesn't mean you can't afford to lose only $10,000 of that - it means you can now afford to lose $100,000 more than you could before.

It's better to think about it as, "When I bought my coins, I could afford to lose 100 BTC. I can still afford to lose 100 BTC."

[1715402924]

1715402924

[1715402924]

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[dwdoc]

Just recovered from another sell-off.  

[dwdoc]

China rallying all on its own  

Chinese saw that this was no big deal an are buying back....

I am all BTC for the night. Let's see what tomorrow will bring...

I thought screw it and sold my return of investment, which was about an order of magnitude more than I could afford to lose.

How could you possibly have an order of magnitude more wealth in bitcoins than you could afford to lose? Suppose you originally could afford to lose $10,000 and put all of that into Bitcoin at $100/coin. Having $110,000 at $1100/coin doesn't mean you can't afford to lose only $10,000 of that - it means you can now afford to lose $100,000 more than you could before.

He must have been in a deep hole to start with.

[Vycid]

China rallying all on its own  

Chinese saw that this was no big deal an are buying back....

I am all BTC for the night. Let's see what tomorrow will bring...

I thought screw it and sold my return of investment, which was about an order of magnitude more than I could afford to lose.

How could you possibly have an order of magnitude more wealth in bitcoins than you could afford to lose? Suppose you originally could afford to lose $10,000 and put all of that into Bitcoin at $100/coin. Having $110,000 at $1100/coin doesn't mean you can't afford to lose only $10,000 of that - it means you can now afford to lose $100,000 more than you could before.

He must have been in a deep hole to start with.

He had debt in excess of 10x his assets, then, and decided it was prudent to purchase Bitcoin.

[micalith]

China rallying all on its own  

Chinese saw that this was no big deal an are buying back....

I am all BTC for the night. Let's see what tomorrow will bring...

I thought screw it and sold my return of investment, which was about an order of magnitude more than I could afford to lose.

How could you possibly have an order of magnitude more wealth in bitcoins than you could afford to lose? Suppose you originally could afford to lose $10,000 and put all of that into Bitcoin at $100/coin. Having $110,000 at $1100/coin doesn't mean you can't afford to lose only $10,000 of that - it means you can now afford to lose $100,000 more than you could before.

He must have been in a deep hole to start with.

The original investment was too big, especially as my prospects of income are slim for the next few months. I got my money back, and now have about 5 times that investment, in bitcoins left over.

edit: basically, I could afford to loose about 10% of my fiat at the time of investing in bitcoin, but decided to risk allot more. That was a good decision. Trying to day trade in April and May wasn't! lol

[Vigil]

Just recovered from another sell-off.  

Short sell-off will commence for the next few hours to about 1010.

[ChartBuddy]

[chriswilmer]

Guys, I panicked and sold 5% of my bitcoins at least 1000... am I a bad person? Should I buy back?

[Vigil]

Guys, I panicked and sold 5% of my bitcoins at least 1000... am I a bad person? Should I buy back?

Buy back on this incoming dip.

[octaft]

Guys, I panicked and sold 5% of my bitcoins at least 1000... am I a bad person? Should I buy back?

5% is a small amount of your holdings. I would just consider it taking profit, personally, but I won't tell you what to do with your money.

[Vycid]

Ho hum.

Excitement is over I guess.

Where to now? Are we going to move back toward the ATH, or is this dip more permanent? What's the sentiment?

[Voodah]

Guys, I panicked and sold 5% of my bitcoins at least 1000... am I a bad person? Should I buy back?

Current price is not bad at all for a 5% rake (as rpietila would say).

Btw, did you mean you sold 1k BTC or you sold at 1k usd/btc ??

[adamstgBit]

Guys, I panicked and sold 5% of my bitcoins at least 1000... am I a bad person? Should I buy back?

you are a good person

let them have the coins they want

sell more!

[octaft]

Guys, I panicked and sold 5% of my bitcoins at least 1000... am I a bad person? Should I buy back?

Current price is not bad at all for a 5% rake (as rpietila would say).

Btw, did you mean you sold 1k BTC or you sold at 1k usd/btc ??

I would assume he meant at 1k price, since I imagine he wouldn't be panicking if he had 20k BTC, or worrying about whether he should buy back.

[nagnagnag2]

finally some high's again!

[Teslaza]

Off topic:  Nelson Mandela passed away

http://mg.co.za/article/2013-12-05-nelson-mandela-dies

[dwdoc]

Willis Report on fox business channel about to talk about bitcoin.

Rest in peace Nelson Mandela.

[Vycid]

Off topic:  Nelson Mandela passed away

http://mg.co.za/article/2013-12-05-nelson-mandela-dies

Yeah, big loss for the world. That was a rare man.

He lived to 95 though.

[Teslaza]

Willis Report on fox business channel about to talk about bitcoin.

Is there an online resource to watch?

[ChartBuddy]