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

[MAbtc]

BTCChina... someone trying hard to drive up price to 5500 again, paper thin volume, though....

[MicroFi]

BTCChina... someone trying hard to drive up price to 5500 again, paper thin volume, though....

Same on Gox ... some big buys to try to get over 900

Edit: haha, there we go

[Nemo1024]

And if a trade looks bad, hang on either way, don’t panic, just wait – if it’s gone totally bad, just take the fiat out and hold what you’re left with?

Or just accept the loss and buy back in.

By the way, I've already done what you describe, and can confirm that it really helps: to wit, I have cashed out everything that I initially invested in BTC, plus some more. It has an incredible positive effect on letting you stay calm through rough stretches and experiment with different strategies.

[Coma]

This is one hell of a radioactive bouncing cat of doom.

[rpietila]

There be a huge bid wall on Bitstamp at 830. I've usually seen those before a dump!

Don't worry, it will not be there for long. Watch.

[Bugpowder]

SHOWING STRENGTH going into the weekend.   I was getting nervous with those fresh ask walls...

[kurious]

And if a trade looks bad, hang on either way, don’t panic, just wait – if it’s gone totally bad, just take the fiat out and hold what you’re left with?

Or just accept the loss and buy back in.

By the way, I've already done what you describe, and can confirm that it really helps: to wit, I have cashed out everything that I initially invested in BTC, plus some more. It has an incredible positive effect on letting you stay calm through rough stretches and experiment with different strategies.

Good for you - I haven't yet, I have made steady buys in dips to carefully increase my exposure.  I just won't bet the house on it, or get over a risk of an average price that rpietila is prepared to bet on

Play safe and minimise risk, why stress?

You and I did not buy when a pizza's worth would have been enough to retire on!

[adamstgBit]

This is one hell of a radioactive bouncing cat of doom.

 

yup, it fucking remarkable!

[Coma]

Omg, this news, I can't remember ever seeing governments move so fast and I doubt there's anyone living today that's seen the banking sector do it.

Banks won't EVER EVER show fear. Showing fear is banned from their essence by definition. Any bank that shows fear will cease to be an institution within days.

Therefore, what we need is the Bitcoin community to loose its ability to show fear.

[ablewasiereisawelba]

What happened to the radical price movement up/down everyone was talking about earlier in the week?

[macsga]

Evening people... Change of plans for the weekend. We're going up!

[Miz4r]

If there's no weekend dip this weekend we're going to see a massive rally next week. Either way is good for me.

[kurious]

...
My advice for what it is worth:
...

You're falling into a trap of thinking of value as single sided, its surprisingly hard to find a reference for where the current value stands between the 2 sides and any movement effects that middle value. Whatever works, personally I only consider the amount in btc but its the same kind of blindness Maybe there's some name for that value and a simple way to work it out but I never found a good way to do it, it can form a kind of gravity point for a bot though.

I stay fluctuating at 80% fiat - and everyone has a different strategy.  Mine has worked for me, but I am not prepared to liquidate other investments (mainly art) which are more reliable (if not quite as obsessively exciting as this!).

Good luck to all, I guess - we all want to be right, and we would not be here if we didn't think we had a chance of just that.

I think 30,000 USD soon is unrealistic, but I do think I might just pay off my mortgage in a year or so, and that will be fine by me.

It is the last debt I have - and as I live in the UK, it is substantial enough to be something I would be very happy to have done, and so far - looking realistic.  

I will settle for that and if the price allows, I will cash out - I don't want to be a multi-millionaire - really, I never met one I envied when I got to know them.

[rpietila]

There be a huge bid wall on Bitstamp at 830. I've usually seen those before a dump!

Don't worry, it will not be there for long. Watch.

Now it will go away.

[Coma]

Does anybody have a analysis of price movement during weekends?

[ChartBuddy]

[Coma]

There be a huge bid wall on Bitstamp at 830. I've usually seen those before a dump!

Don't worry, it will not be there for long. Watch.

Now it will go away.

Still there.

edit. it moved

[11ams]

All-in Doge Coin for the evening. Good night.

[pickard]

bitcoin report on ITV news in the next few mins


http://www.itv.com/itv/

[Carra23]

Does anybody have a analysis of price movement during weekends?

Yes       I
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