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

[adamstgBit]

and win nothing ... last trade : 6 BTC = gain in 4 days = 0,1 BTC.
to risky for me.

if your going to watch the charts fallow the news and think about where it's going next might aswell have some skin in the game
its not about the profits its about having fun drawing lines on charts, devising a strategy and sticking to it.
for sure you should have 90% of your bitcoins in cold storage long term hodl, because in the end you want to be invested in bitcoin not just day trading it. but day trading can be fun.

[adamstgBit]

I'd love to have a go at trading (only small amounts) but I have no clue where to even start! any advice?

First You need a trading account and then... buy low and sell high:)

Actually better strategy now is sell high, rebuy low

Sell in May and go away

ya and Buy in Dec. and HODL ON TIGHT 

[Wandererfromthenorth]

[sAt0sHiFanClub]

    Back when SQL was disruptive....

[tarmi]

After a 2 week ban I am back.

 

Ban for what?

I mentioned an altcoin in this thread, although I was just joking.

desperate times call for desperate measures, I guess.
 

 

[BayAreaCoins]

start trading.

Paper trade before you blow any bitcoin.

Scared Bitcoins don't make no Bitcoins.

Need to change this HODLER mentality into a HODL on leverage mentality.

Most say a healthy economy the average trader is leveraged 7.5% (I believe I saw a video of Warren Buffet saying that.)

If you believe in Bitcoin put that shit with a bust @ $150 or higher.

[aztecminer]

hey everyone.. how is bitcoinland going ?? I been busy releasing my latest book.

i heard about ripple. That is ridiculous how the government stealing from everyone like that. bankrupt usa has to confiscate and steal to service the loans. everyone is talking about it. i talk to people about how money institutions have to report suspicious activity or be fined. i get reported at least twice a month for removing money from the bank. they have not swat raided me yet. the other day i paid cash for some groceries and i asked the lady if she needed take a picture of me and get my ss#, dl#, my address, my moms address, and stuff since i was being suspicious by paying in cash. ridiculous. they are outlawing cash while using suspicious money laundering to cover their stealing money grabs like they did to ripple.

btw... i just learned today that i am black ops. that what homeboy said on my facebook. i really need to step up my game then if i am black ops. I might need buy some more bitcoins soon.

[sAt0sHiFanClub]

[ChartBuddy]

Coin
Explanation

[JimboToronto]

Good morning Bitcoinland.

Just got back from buying my first few coins after weeks of sideways motion.

Last night's little dip happened minutes after my neighborhood BTC ATM closed for the night and I thought I'd missed out on the first decent buying opportunity since April. When I woke up and saw it had barely rebounded $2 overnight, I jumped at the chance.

Now I really need that coffee. Mmmm...

[adamstgBit]

Good morning Bitcoinland.

Just got back from buying my first few coins after weeks of sideways motion.

Last night's little dip happened minutes after my neighborhood BTC ATM closed for the night and I thought I'd missed out on the first decent buying opportunity since April. When I woke up and saw it had barely rebounded $2 overnight, I jumped at the chance.

Now I really need that coffee. Mmmm...

isnt there a huge fee for buying with an ATM?

[bananaControl]

Last night's little dip happened minutes after my neighborhood BTC ATM closed for the night and I thought I'd missed out on the first decent buying opportunity since April. When I woke up and saw it had barely rebounded $2 overnight, I jumped at the chance.

Out of curiosity, what's the premium on those things?

[HI-TEC99]

I'd love to have a go at trading (only small amounts) but I have no clue where to even start! any advice?

First You need a trading account and then... buy low and sell high:)

Actually better strategy now is sell high, rebuy low

Sell in May and go away <==best strategy

That applies to stocks, and the saying advises to buy back after Halloween in November. If you applied it to Bitcoin last year you might have done well selling at the peak of the rally in May, but if you bought back in November you would have been slaughtered by the crash after Christmas

[Wandererfromthenorth]

Usually BTC ATMs have 10% fees.
No joke.

[gentlemand]

That applies to stocks, and the saying advises to buy back after Halloween in November. If you applied it to Bitcoin last year you might have done well selling at the peak of the rally in May, but if you brought back in November you would have been slaughtered by the crash after Christmas

I wonder where all the millions of traders go for more than half the year. They could save themselves lots of electricity and hassle by shutting everything down until the winter again.

[JimboToronto]

isnt there a huge fee for buying with an ATM?

Out of curiosity, what's the premium on those things?

They recently raised the rate from 5% to 7.5% so it's getting less affordable.

I always justified the 5% by saving the hassle and expense of transferring money from my bank to the exchange, the (albeit small) exchange fees, and the time wasted on hassling with the banking and transfer process. Often the money saved by not waiting a week for an exchange deposit more than pays the fee. ATMs are fast, easy and very suitable for small (less than 3 coins) purchases. I still will use an exchange for larger buys.

I also treat part of the fee as an insurance premium against having to leave money (Bitcoin or fiat) on an exchange, exposed to the internet. I lost 50 bitcoins at MtGox. Once bitten, twice shy. Offline paper wallets FTW.

An added bonus is that the ATM coins are anonymous (or should I say pseudonymous?) at least until you crack the paper wallets and expose the coins to the 'net. This is probably worth a few points to many people.

[tarmi]

who cares about ATM? those are for noobs.

gentlemen, stay on topic. and the topic is impending sub 200 dump.

[Sitarow]

[ChartBuddy]

Coin
Explanation

[adamstgBit]

isnt there a huge fee for buying with an ATM?

Out of curiosity, what's the premium on those things?

They recently raised the rate from 5% to 7.5% so it's getting less affordable.

I always justified the 5% by saving the hassle and expense of transferring money from my bank to the exchange, the (albeit small) exchange fees, and the time wasted on hassling with the banking and transfer process. Often the money saved by not waiting a week for an exchange deposit more than pays the fee. ATMs are fast, easy and very suitable for small (less than 3 coins) purchases. I still will use an exchange for larger buys.

I also treat part of the fee as an insurance premium against having to leave money (Bitcoin or fiat) on an exchange, exposed to the internet. I lost 50 bitcoins at MtGox. Once bitten, twice shy. Offline paper wallets FTW.

An added bonus is that the ATM coins are anonymous (or should I say pseudonymous?) at least until you crack the paper wallets and expose the coins to the 'net. This is probably worth a few points to many people.

I guess its not a half bad deal.