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

[noobtrader]

I'm really surprised to see btc under 300.I told myself that I was happy with my long term holdings, but I am so tempted to log on to coinbase and buy 3 or 4 more...

Don't do it man.  Breaking Livermore's rule of trading #12:  never average losses

averaging is ok, catching fallen knife is not ok

[1715274109]

1715274109

[1715274109]

1715274109

[1715274109]

1715274109

[1715274109]

1715274109

[am432]

OK so moving along with the same old usual for bitcoin we all know and love. Lets not forget it has risen and fallen more then 9...12 times up and down. I am curious what can cause such a movement surely the price should have dropped slowly to spread its value among the new bitcoins; but it seems to never do this so is it possible this short small drops are the result and the low price gets everyone buying them giving a breath of new income and flow. Thus jetting up the price rapidly like we have seen it before at 1k-1.3k/bit.I also have a theory about making bitcoins into a power source but this would require some tuning to make a new coin to do this.  Anyway anyone know why exactly did it drop. Was it like that one time someone jacked a bunch of accounts linked to bitcoin and stole/destroyed a few mill?
namaste brothers and sisters

[YourMother]

Don't worry, early adopters. I will buy bitcoin at $5-$10 in a couple of weeks, just like you all did. LMFAO. It's just that i won't have to lose years of my life on a forum.

[maranello1561]

Don't worry, early adopters. I will buy bitcoin at $5-$10 in a couple of weeks, just like you all did. LMFAO. It's just that i won't have to lose years of my life on a forum.

Keep in mind, in bitcoin, moon comes to you!

[Winner]

Don't worry, early adopters. I will buy bitcoin at $5-$10 in a couple of weeks, just like you all did. LMFAO. It's just that i won't have to lose years of my life on a forum.

lol this


maybe not 2 weeks.....it'll be soon though

[maranello1561]

OK so moving along with the same old usual for bitcoin we all know and love. Lets not forget it has risen and fallen more then 9...12 times up and down. I am curious what can cause such a movement surely the price should have dropped slowly to spread its value among the new bitcoins; but it seems to never do this so is it possible this short small drops are the result and the low price gets everyone buying them giving a breath of new income and flow. Thus jetting up the price rapidly like we have seen it before at 1k-1.3k/bit.I also have a theory about making bitcoins into a power source but this would require some tuning to make a new coin to do this.  Anyway anyone know why exactly did it drop. Was it like that one time someone jacked a bunch of accounts linked to bitcoin and stole/destroyed a few mill?
namaste brothers and sisters

mostly brothers here man... as much as I'd like, girls just aint into it and with the price collapsing, we are the laughing stock of the town...

[twiifm]

Only noobs hold their losses too long.  

If you're trading on margin, then yes, I'd agree.

If you're holding on to a position in the most volatile asset class the world has ever seen for the last 4 years, and seen the market go from 2 dollars to 1200 and back again now to 300, maybe you'd have a different perspective?

Depends when you started the position.  I would not hold a long position that is making new lows.  That is suicide.  

If you day trade naked options you get 100-400% moves like everyday.  Tough as nails to trade unless you are super discipline w cutting losses and riding winners.  That and position sizing and risk management.  That's the tough thing though.  People are more psychologically prone to cut winners and ride losses.  It takes a lot of experience to do the opposite

These naked options sound... exotic.

Where can you trade these naked options on bitcoin?

There are no options on Bitcoin.  Just trade Options on equities.  Lots of liquidity in the big names like AAPL, TSLA, FB etc..  But be careful of slippage.  I like trading TSLA but honestly I'd rather use margin than options because delta 1, no theta and less slippage.  However, I sell options on Fridays a lot because speed of decay

If you want to day trade I highly recommend looking up Opening Range Breakout method or sometimes called ACD method

[am432]

OK so moving along with the same old usual for bitcoin we all know and love. Lets not forget it has risen and fallen more then 9...12 times up and down. I am curious what can cause such a movement surely the price should have dropped slowly to spread its value among the new bitcoins; but it seems to never do this so is it possible this short small drops are the result and the low price gets everyone buying them giving a breath of new income and flow. Thus jetting up the price rapidly like we have seen it before at 1k-1.3k/bit.I also have a theory about making bitcoins into a power source but this would require some tuning to make a new coin to do this.  Anyway anyone know why exactly did it drop. Was it like that one time someone jacked a bunch of accounts linked to bitcoin and stole/destroyed a few mill?
namaste brothers and sisters

mostly brothers here man... as much as I'd like, girls just aint into it and with the price collapsing, we are the laughing stock of the town...

I have faith it always has had us at the edge of our seats when it was dipping down before.

[kenji]

the bottom is in

[shmadz]

the bottom is in

Nothing is certain

[Fatman3001]

the bottom is in

I think you meant to say: the bottom is clenched

[shmadz]

the bottom is in

I think you meant to say: the bottom is clenched

Virtex has 20 coins available at the equivalent of less that 260 USD each right now.

There is some serious selling pressure going on and it smells awfully fishy to me.

[Fatman3001]

the bottom is in

I think you meant to say: the bottom is clenched

Virtex has 20 coins available at the equivalent of less that 260 USD each right now.

There is some serious selling pressure going on and it smells awfully fishy to me.

I meant a different bottom

[maranello1561]

Huge volume on Huobi. Those commies really know how to sell huh?

[ChartBuddy]

Explanation

[kenji]

dont know what to do?

is it still worth to sell or is it to late?

HOLD OR SELL???

[JayJuanGee]

this could get interesting, perfect double bottom formed with october.

LMAO. That's no double bottom dood. Plz learn the basics of TA. If you call this a double bottom, it would be always a double bottom after bouncing up and coming back down again. As it would be always a double top on the contrarian movement.

You should form a team with JJG.

http://youtu.be/lisTWZrcy9o

Nice to receive an honorable mention by a TROLL........


NOT


Cut your gooses, mooses and looses!!!!!!!!!



HODL, HODL, HODL!!!!!!!!


and

BUYDL, BUYDL, BUYDL!!!!!!!

[JayJuanGee]

Dont worry, JayJuanGee feels price might reach $9k this year Buy buy bu..Hmm wait a minute! He is a traitor, $10k, right?

There are more than 360 days left in the year, so $9k is a possibility?  I am NOT sure whether it is probable, though.  I never put exact odds on it, yet... however, sure, $9k still remains possible for the year (2015), as I type.

[BlindMayorBitcorn]

the bottom is in

I think you meant to say: the bottom is clenched

Virtex has 20 coins available at the equivalent of less that 260 USD each right now.

There is some serious selling pressure going on and it smells awfully fishy to me.

I wasn't gonna say anything...but is it possible that's where the dump started?

[coinableS]

How can there be so many people be shorting at this price?