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

[ChartBuddy]

Coin
Explanation

[JimboToronto]

The market has a way of sorting this kind of thing out. One bad short on leverage can wipe you out completely.

There's investing and there's gambling.

Acquiring an asset for its potential vahue or divesting yourself of it to put your money elsewhere is investing.

Going long or short on borrowed money is gambling.

[uhoh]

The market has a way of sorting this kind of thing out. One bad short on leverage can wipe you out completely]/b].

There's investing and there's gambling.

Acquiring an asset for its potential vahue or divesting yourself of it to put your money elsewhere is investing.

Going long or short on borrowed money is gambling.

Completely agree.

[billyjoeallen]

in the last 24 hrs, oil (WTI) dropped twice as far as Bitcoin (3% vs. 1.5%)  

So in terms of oil, we're up :-)

and only 63,000 blocks (437 days) to go until the halving of the block reward.

[JorgeStolfi]

Stolfi, I was asking for the "Major Bitcoin News website" that confused one European nation with another. Sounds vague and made up to me. But I guess it doesnt matter now.

http://bravenewcoin.com/news/xapo-moves-headquarters-to-switzerland/

Switzerland has long been known as place that respects financial privacy, but that may not be true for Bitcoin companies who reside in the country. BTCX, a Swedish Bitcoin exchange, said in March that local tax authorities requested extremely “intrusive” data of 20,000 customers. ... said BTCX CEO Christian Ander at the time to a local media outlet, DN.se. “We are wondering if this situation is exactly what the Swedish Tax Authority is looking for, or if they do not know what [ ... ]

EDIT: As a redditor observed, Sweden is not Switzerland, just as USA is not USB.

[600watt]

in the last 24 hrs, oil (WTI) dropped twice as far as Bitcoin (3% vs. 1.5%)   

So in terms of oil, we're up :-)

so crude is done ?

[JimboToronto]

in the last 24 hrs, oil (WTI) dropped twice as far as Bitcoin (3% vs. 1.5%)   

So in terms of oil, we're up :-)

so crude is done ?

Time to buy a Tesla.

 

[phoenix1]

This is how markets work, everybody is after his personal gain. At least I'm honest, I don't ask bulls to buy while promising moon, on the contrary...

But it would certainly be in your best interests to do so.  Since you're okay with everyone else losing as long as you gain, why not try to coerce them into your pocket?  Would it not make more sense from a profiteer to perpetuate an environment that facilitates gains?   By openly telling people you're going to take their money if they put it in the system, you're effectively killing any possibility of growth.  Without said growth a market can decline into death and then your cash cow is gone.  Perhaps stemming your greed to the betterment of the system might enable you to reap rewards for eternity instead of a brief moment in time.

What nonsense.
Tzupy's gonna kill the market ... ok, right   Yeh, following that well trodden path whereby the WHALES that move the market publicly advertise their intentions in advance ...
If trading kills BTC then BTC was never strong enough to survive in the first place (I don't believe that will be the outcome FWIW). For now BTC is a almost entirely a speculators market as you well know and until it fully proves it's worth that is not going to change.
Not sure why this riles you so much, unless you are nervous ... there is certainly a lot of fear-mongering in your post at the very least. It reads as more manipulative than Tzupy's post for sure - he's gonna place a bet, and win or lose it, and he announced it in advance. Good luck to him. End of ...

I really can't see the difference in going long/short/leverage/no leverage - it's all a gamble at this stage. Investing in infrastructure/start-ups is also gambling, just of a different nature, different time-frame, but  it's a more 'positive' contribution than HODLing by a long shot, which at the end of the day, is basically just sitting on your arse waiting for someone else to make you rich, and no better or worse than (actively) buying and selling on leverage.

KnC is in this just for fiat profits as you told us just the other day, but I have not seen you complaining about their latest venture. Oh wait, that's because it might attract some new buyers to push the price up ... with more speculative capital.

At the end of the day that is not what is gonna determine long-term success. UTILITY will be the arbiter of that.

[Wandererfromthenorth]

The market has a way of sorting this kind of thing out. One bad short on leverage can wipe you out completely.

There's investing and there's gambling.

Acquiring an asset for its potential value or divesting yourself of it to put your money elsewhere is investing.

Going long or short on borrowed money is gambling.

Not if you have a plan/strategy, basic understanding of price structure, if you put stops, if you don't go all in, etc.


Another way to look at it: traders (whether on margin or not) have a strategy, a plan, and they execute it. The hodlers are holding a very risky asset all throughout brutal bear markets and crashes, an asset that has no guarantee to go up long term ever again.

If that's their style, no problem, it's their choice.
The fucked up part is inviting others to do the same, with the disasters we all know about as a consequence.

Hodler = bias
Trader = no bias

The former is the one gambling, not the latter  


By the way, speculators/traders are the ones providing liquidity on exchanges (without them BTC would not have a price and would be useless)  for the most part, or do you actually think that the bid/ask side on exchanges is from permabulls on r/bitcoin?

[Fatman3001]

in the last 24 hrs, oil (WTI) dropped twice as far as Bitcoin (3% vs. 1.5%)   

So in terms of oil, we're up :-)

so crude is done ?

+1

Crude ded?

[BlackSpidy]

I have a bit more free time, and now I keep checking the price. I'm getting suspenseful. Any time, now some movement's gonna happen. I'm excited to see which way.

[lemmyK]

just remember how the TPB to the case and I hope none of you does not confer the personal data to Swedes. They have commanded to share data when a person is wanted for just any little criminally Invented done in Scandinavia. It's even worse than the NSA to collect data. Do not be stupid and do not give anything to Scandinavia.

[ChartBuddy]

Coin
Explanation

[YourMother]

Is this it, gentlemen ? Is it safe to start looking for a new house and a convertible ? Up we go ?   

[Fatman3001]

just remember how the TPB to the case and I hope none of you does not confer the personal data to Swedes. They have commanded to share data when a person is wanted for just any little criminally Invented done in Scandinavia. It's even worse than the NSA to collect data. Do not be stupid and do not give anything to Scandinavia.

Or...

[LoadedButUnloading]

Is this it, gentlemen ? Is it safe to start looking for a new house and a convertible ? Up we go ?   

https://i.imgur.com/OpbV0WN.png

http://i57.tinypic.com/sbj7f7.jpg

[necrita]

good time for a Loaded smiley.

[Hyperjacked]

80% voted buy on btc and I concur!

gotta lay off the vodka...44% 

[noobtrader]

80% voted buy on btc and I concur!

80 vote which is 44%

[BlackSpidy]

80% voted buy on btc and I concur!

80 vote which is 44%

Well, about 75% voted buy or hold...