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

[molecular]

I've traded and made money. I'll trade again and try to make more. Skill, luck or whatever it would be, don't give a shit.

As long as you're having fun, go for it.

It's like the casino or race track. Enjoy the flashing lights and pretty horses as entertainment and if you get lucky and actually win something, consider it a bonus.

Just don't become one of those people who commit suicide in the casino parking lot because they took it too seriously.

I doubt I send signals as someone who would commit suicide for 900$ invested in BTC

You guys are pussies and are making a drama of trading really. There is no difference in making a bad trade and then wait for market to reverse than to hold coins, see it plummeting 50% and wait for market to reverse. The only difference is that trading can possibly make you more btc in that reverse and holding can't, only more fiat. That's why I think than those who talk mostly about holding are those that care most about fiat despite making it like they care most about btc

Interesting take. In my case, though: pussy? yes. Loving fiat over bitcoin? no.

[Davyd05]

I've traded and made money. I'll trade again and try to make more. Skill, luck or whatever it would be, don't give a shit.

As long as you're having fun, go for it.

It's like the casino or race track. Enjoy the flashing lights and pretty horses as entertainment and if you get lucky and actually win something, consider it a bonus.

Just don't become one of those people who commit suicide in the casino parking lot because they took it too seriously.

I doubt I send signals as someone who would commit suicide for 900$ invested in BTC

You guys are pussies and are making a drama of trading really. There is no difference in making a bad trade and then wait for market to reverse than to hold coins, see it plummeting 50% and wait for market to reverse. The only difference is that trading can possibly make you more btc in that reverse and holding can't, only more fiat. That's why I think than those who talk mostly about holding are those that care most about fiat despite making it like they care most about btc

Interesting take. In my case, though: pussy? yes. Loving fiat over bitcoin? no.

I guess as long as we're clear day trading with your whole stash of btc is a recipe to end up with no BTC, I am all for day trading just really need to observe bitcoin for a while. Or end up with gox dollars or pockets of fiat :d 

[kurious]

I wouldn't trade BTC now in any direction if my life would depend on it..

The trend is still up but it will take a lot to break that 5600/900 barrier. If that bots there to push the price down as low as possible then I'd guess its also low on coins and if 900 can break then 1000 wont offer as much resistance. It doesn't seem too intent on going down hard though, not figured out if it has a low trigger yet but if its happy with a steady move in either direction then things could be calm for a while.

Whatever it goes I am not touching it until it's clear as sun. It's in a stage where losing money is almost guaranteed.

As others have said, buy and hold, daytrading in Bitcoin is a 90% sure way of losing money. All the TA in the world is no defence against even a single whale trade and bots are the most advanced and high budget area of AI  R and D. An army of corporate geeks get fat pay checks to find ways to fool you into losing money and their work is backed up by enough funds to clean out all the exchanges in an instant. Its only getting started too, when all wall street is playing with the charts anything we do will be like walking into a war with a pop gun.

No, it's not. Daytrading made my Bitcoin position some 30 times bigger. I made twice or triple of amount of Bitcoins I initially bought multiple times in one single day. I had many red days too but overall daytrading was good to me. Not sure for how long it would be now though as altcoin game changed as it's not as easy to jump in and out between them and btc anymore but so far it's been a good.

Yes it is. Some people win with roulette too. You won with trading. Congrats, but it wasn't skill

I hope you don't think I give a flying one what it was.

I'm not rpietilla, I don't have any complexes or mental problems and don't need people to think I am second coming.

I've traded and made money. I'll trade again and try to make more. Skill, luck or whatever it would be, don't give a shit.

Skill / lack of it?  'Let he who hath no guilt cast the first stone'.

This is a speculation forum and I certainly do not have this one on ignore - anyone who admits a cock up on shorting is someone who has my respect, and I will tend to think them more credible, not less.  

I have day traded a bit and lately, it has worked out positive, so I know it is possible, especially since any position that went wrong in one time frame, simply required waiting!  

[TERA]

Chinas supporting trend broken.Next step: daily EMA down cross. Victory for bears.

[adamstgBit]

...
How much is required to invest? Can we invest in small amounts? i.e. less than 1 BTC?

yes these companies are split up in millions of shares, you can buy just 1 if you like.

go try it out send a bitcoin and build yourself a profoilo

its FUN FUN FUN  

way better opportunities then "investing" in SCAMCOIN of the week

+1, apparently Havelock's fairly scrupulous but the biggest risk imho are those running the investments, can stress enough how important it is to do the research. Day trading can work out well too, there's some very predictable behaviour on some stocks. Again, caution and good luck

EDIT: Be very careful of mining operations and if you see a guy called pirateat40 get the hell out

I looked at each fund, all of them seem to be losing value. Any fund that you recommend?

No.
The 30000 foot view, looks like this to me: new comers to Bitcoin get board just saving and want to play a proactive role in there investment, so after a growth spurt they look to invest there XBT, so XBT stocks go up, no other fundamental than demand from the likes of new investors. But given Bitcoin is growing and experiencing deflation not many companies will be able to outperform a 1000% growth per year.

If kept track of the performance of these stocks in $ terms, you'd see that some of them have done very well.

I'm looking to rebuild my portfolio. ( i cashed the fuck out when i saw the stampede of poeple coming to buy bitcoin )  

I'm not 100% sure yet, but i think i'll be buy into HIM PETA VTX CBTC and SFI

[Davyd05]

Chinas supporting trend broken.Next step: daily EMA down cross. Victory for bears.

Well it was clarified that there will be no btc pricing for good and services in China for the time being.

[pera]

Chinas supporting trend broken.Next step: daily EMA down cross. Victory for bears.

agree, it looks pretty bearish... but today is Friday so this was expected

[Davyd05]

Chinas supporting trend broken.Next step: daily EMA down cross. Victory for bears.

agree, it looks pretty bearish... but today is Friday so this was expected

one of these Fridays will be different.. which one I do not know for sure.

[JimboToronto]

There is no difference in making a bad trade and then wait for market to reverse than to hold coins, see it plummeting 50% and wait for market to reverse. The only difference is that trading can possibly make you more btc in that reverse and holding can't, only more fiat. That's why I think than those who talk mostly about holding are those that care most about fiat despite making it like they care most about btc

The flip side of that coin is that you can't lose any BTC by holding. Only by selling are you rolling the dice.

There are no exchange fees on holding and holding doesn't involve playing a zero-sum game in competition with people who have far greater resources. If I were a multimillionaire or early adopter with tens of thousands of coins to play with, I'd probably trade more. Unfortunately I'm not.

Don't get me wrong. I'm not against having a little fun daytrading.   I've done it myself (and profited) but never with more than 10% of my coins.

[GreekGeek]

I looked at each fund, all of them seem to be losing value. Any fund that you recommend?

NeoBee  , the first bitcoin bank   based in Cyprus

[wachtwoord]

I looked at each fund, all of them seem to be losing value. Any fund that you recommend?

NeoBee  , the first bitcoin bank   based in Cyprus

Starfish was first! (or was it IBM?)

[Davyd05]

0.01 x 20 lol .. enjoy seeing those slow rolling walls of red 0.01s

[I_bitcoin]

My suggestion for whales who want to see Bitcoin succeed.   

Note the following, we are heading into a holiday period where gifts are exchanged.   Many are now providing Bitcoin as gifts to newbies.   If you want to impress the newbies with Bitcoin then you would provide a nice gradual ramp through March so that they can see how awesome a deflationary/scarce currency can be .

Tis the season to drive massive uptake.   Let's make the devs and miners work to keep up with the TPS!

[DaRude]

Nike 1k wall @ 920 on Gox, Intimidation or just trying to cash out   hope he doesn't do a market order

[bombartier357]

Nike 1k wall @ 920 on Gox, Intimidation or just trying to cash out   hope he doesn't do a market order

Good question, my bots are 50/50 bull/bear right now.  I guess time will tell.

[Davyd05]

Nike 1k wall @ 920 on Gox, Intimidation or just trying to cash out   hope he doesn't do a market order

Good question, my bots are 50/50 bull/bear right now.  I guess time will tell.

going to take my grandpa shopping.. if the btc gods see fit they will hold till I return. I doubt someone really wants to let em all go for that maybe has some shorts

[mbets]

I'm all BTC now, fingers crossed.

[Davyd05]

Something weird with the volume at stamp, looks a bit braindead so it could just be this new cross exchange thing from gox.

Friday has sadly had low volumes as of late. I hope to see a trend breaker. but who knows

[adamstgBit]

My suggestion for whales who want to see Bitcoin succeed.   

Note the following, we are heading into a holiday period where gifts are exchanged.   Many are now providing Bitcoin as gifts to newbies.   If you want to impress the newbies with Bitcoin then you would provide a nice gradual ramp through March so that they can see how awesome a deflationary/scarce currency can be .

Tis the season to drive massive uptake.   Let's make the devs and miners work to keep up with the TPS!

like anything that said he matters
 

[adamstgBit]

comeon bears, i have a 10,000$ prize for you, you know you want it!