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

[marcus_of_augustus]

"Cashing out" is a relative term ... for those of us who felt imprisoned by the fiat monetary system, buying BTC was our "cashing out" moment.

P.S. ... are you, btw, the good Sir Richard?

I'm not good. I will take your bitcoin and your fiat  

So what's the deal with these space planes ... when can I get from Auckland to London in an hour in one of these rocket-fueled tubes and how much will it cost?

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[sir faps]

As Hyphymikey's posts show, people can take what is said here seriously and base their investment strategies on users comments

I can't believe that people actually do that. Nobody has ANYTHING to gain by giving the world advance notice of their trading intentions. The best thing to do is either ignore, or do the opposite of what large holders claim they will be doing in the near future.

A fool and their money...

False. People have REPUTATION to gain. Never underestimate how powerful praise can be if you are deemed a demigod of trading (or predict anything ahead of time for that matter). I can give you a very specific, recent, and pertinent example:

 Rpietila said there would be a drop to low 400s in December. I held my fiat and waited. Sure enough, my phone started blowing up with notifications of falling BTC price. I waited, it hit 400, I bought, and it immediately rose hundreds of dollars. I said thank you to Rpietila for his advice. I am now up over 100%. Some fool I am...

[virtualfaqs]

Goxed?

I can't login. None of charts are updating. Hmmm...  

[Ashitank]

Lol we could panic crash now 

[Ducky1]

Bot still buying on MtGox though.. Are they afraid of running out?

[ChartBuddy]

[DaRude]

As Hyphymikey's posts show, people can take what is said here seriously and base their investment strategies on users comments

I can't believe that people actually do that. Nobody has ANYTHING to gain by giving the world advance notice of their trading intentions. The best thing to do is either ignore, or do the opposite of what large holders claim they will be doing in the near future.

A fool and their money...

False. People have REPUTATION to gain. Never underestimate how powerful praise can be if you are deemed a demigod of trading (or predict anything ahead of time for that matter). I can give you a very specific, recent, and pertinent example:

 Rpietila said there would be a drop to low 400s in December. I held my fiat and waited. Sure enough, my phone started blowing up with notifications of falling BTC price. I waited, it hit 400, I bought, and it immediately rose hundreds of dollars. I said thank you to Rpietila for his advice. I am now up over 100%. Some fool I am...

Hope you didn't listen to his last prediction. So he's 50/50 by my count just like a coin

[fluidjax]

As Hyphymikey's posts show, people can take what is said here seriously and base their investment strategies on users comments

I can't believe that people actually do that. Nobody has ANYTHING to gain by giving the world advance notice of their trading intentions. The best thing to do is either ignore, or do the opposite of what large holders claim they will be doing in the near future.

A fool and their money...

False. People have REPUTATION to gain. Never underestimate how powerful praise can be if you are deemed a demigod of trading (or predict anything ahead of time for that matter). I can give you a very specific, recent, and pertinent example:

 Rpietila said there would be a drop to low 400s in December. I held my fiat and waited. Sure enough, my phone started blowing up with notifications of falling BTC price. I waited, it hit 400, I bought, and it immediately rose hundreds of dollars. I said thank you to Rpietila for his advice. I am now up over 100%. Some fool I am...

There are only 3 possible scenarios for ALL time scales, realistically only 2 matter, up and down (otherwise you can wait and see). So even a monkey has a 50/50 chance of getting it right, in fact a monkey will probably be better than a lot of inexperienced traders.

[TiagoTiago]

Goxed?

I can't login. None of charts are updating. Hmmm...  

go to some URL that requires login (like https://www.mtgox.com/trade ) and use the login form in the middle of the page instead of the one on the top-right

[mmitech]

Goxed?

I can't login. None of charts are updating. Hmmm...  

go to some URL that requires login (like https://www.mtgox.com/trade ) and use the login form in the middle of the page instead of the one on the top-right

everything looking cool from here, I don't know what kind of issues you are having !!1

[Ducky1]

So, we have passed the dead-cat-bounce price of 1068.99999 1067.99999 without much volume. What to expect now?

[traderCJ]

Rpietila said there would be a drop to low 400s in December. I held my fiat and waited. Sure enough, my phone started blowing up with notifications of falling BTC price. I waited, it hit 400, I bought, and it immediately rose hundreds of dollars. I said thank you to Rpietila for his advice. I am now up over 100%. Some fool I am...

Look at his predictions before that.  I don't have a list of them in front of me, but I went through a few months of his speculation posts when he made that December prediction and found them to be generally wrong.

[sir faps]

As Hyphymikey's posts show, people can take what is said here seriously and base their investment strategies on users comments

I can't believe that people actually do that. Nobody has ANYTHING to gain by giving the world advance notice of their trading intentions. The best thing to do is either ignore, or do the opposite of what large holders claim they will be doing in the near future.

A fool and their money...

False. People have REPUTATION to gain. Never underestimate how powerful praise can be if you are deemed a demigod of trading (or predict anything ahead of time for that matter). I can give you a very specific, recent, and pertinent example:

 Rpietila said there would be a drop to low 400s in December. I held my fiat and waited. Sure enough, my phone started blowing up with notifications of falling BTC price. I waited, it hit 400, I bought, and it immediately rose hundreds of dollars. I said thank you to Rpietila for his advice. I am now up over 100%. Some fool I am...

Hope you didn't listen to his last prediction. So he's 50/50 by my count just like a coin

If you backtest his predictions, he's definitely done better than 50/50. However, that can definitely be a ton of homework seeing as he's got a ridiculous amount of posts. In short: Take what people say with a grain of salt, do your own research, come to your own conclusions. I've done that with many of the posters on here I feel are smarter than the average bear (no pun) and it has been very lucrative thus far. However, I think we can both agree that blindly following any person is not a smart idea

[sir faps]

As Hyphymikey's posts show, people can take what is said here seriously and base their investment strategies on users comments

I can't believe that people actually do that. Nobody has ANYTHING to gain by giving the world advance notice of their trading intentions. The best thing to do is either ignore, or do the opposite of what large holders claim they will be doing in the near future.

A fool and their money...

False. People have REPUTATION to gain. Never underestimate how powerful praise can be if you are deemed a demigod of trading (or predict anything ahead of time for that matter). I can give you a very specific, recent, and pertinent example:

 Rpietila said there would be a drop to low 400s in December. I held my fiat and waited. Sure enough, my phone started blowing up with notifications of falling BTC price. I waited, it hit 400, I bought, and it immediately rose hundreds of dollars. I said thank you to Rpietila for his advice. I am now up over 100%. Some fool I am...

There are only 3 possible scenarios for ALL time scales, realistically only 2 matter, up and down (otherwise you can wait and see). So even a monkey has a 50/50 chance of getting it right, in fact a monkey will probably be better than a lot of inexperienced traders.

I agree that markets have 3 directions. I agree that a money can pick between two choices. A monkey would be hard-pressed to predict the movement, the price point at which it will reverse direction, and a timeline for that movement.

[el_rlee]

Nope.

Whats up with the username, goat?

also, all hell is going to break loose tomorrow after deposits get credited. Over the holidays, and weekend delays, I feel alot of buy support will be there tomorrow

The trust system here is lulz.

How do you even change your username?

give theymos 50 btc.

A real bargain. I'm tempted; however I'll talk to my wife first, but why shouldn't she agree?

[Nemo1024]

One of Risto's best advice when new money come into exchange here https://bitcointalk.org/index.php?topic=345065.0 is

It is important to buy in as soon as possible

I burnt by not buying at 750 on Friday, even though I got fresh funds cleared on Stamp by then. I was influenced by my prior bad trade, hoping for a week-end dip.
Note to self: always keep fresh money decisions for holding emotionally separated from trading decisions.

[Davyd05]

One of Risto's best advice when new money come into exchange here https://bitcointalk.org/index.php?topic=345065.0 is

It is important to buy in as soon as possible

I burnt by not buying at 750 on Friday, even though I got fresh funds cleared on Stamp by then. I was influenced by my prior bad trade, hoping for a week-end dip.
Note to self: always keep fresh money decisions for holding emotionally separated from trading decisions.

I've learned to stagger the buys up and down from a price point.. so you never get left in the full fiat for what you hoped to spend atleast.

[fred1111]

And now the volume is picking up!

[pdawg]

At this rate we will hit $1500 this week 

[windjc]

At this rate we will hit $1500 this week 

We are going to correct soon, imo. This is unsustainable. Unless masses of new fiat hit the exchanges tomorrow, there is going to be a snapback. If we blow through ATHs like butter, I will be as shocked as anyone.