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

[Hyperjacked]

Must admit...someone is painting the charts beautifully !

[ChartBuddy]

Coin



Explanation

[ssmc2]

New sock topics popping up like crazy again. Must be another pump on the horizon. 

[JayJuanGee]

Must admit...someone is painting the charts beautifully !

What do you mean? 

Which way are we going? 

I am expecting a small additional correction (profit-taking and attempt to test the downside) from here over the weekend, maybe just 3% down... ,  but I am just guessing too...


I can't really determine the level of effort being placed in downward pressures and whether they are getting too much resistance or if the bearwhales are just holding back some of their BTC.... or if they are running out. 

I recognize NOT being able to see who is doing what as one of the difficulties for us non whales if we are not either engaging in the trades top push downward as is the bearwhale(s) or in a position to be able to see who is doing what, such as an exchange operator would be able to see if they were employing such spying tactics.

[JayJuanGee]

Hello other bitcoiners!

What could be more fun than hanging out at playgrounds, exposing children to bitcoin?

I'm probably at a playground right now, exposing my smelly private key to your kid. Nothing you can do about it either

Because you can't stop bitcoin, so don't even try.

Dont tell me you switched sides lambie

Dooom

I believe that Lambie just attempts to titillate us with various analogies and to play a little sarcasm and maybe even reverse psychology.

Ultimately, he either wants attention or is merely attempting to distract us from the prize with various perversions... and/or attempts at shock value.

[BlindMayorBitcorn]

Coin



Explanation

This is a test of the Blockstream emergency broadcast system. Had this been an actual blockchain emergeny you would be instructed to visit your nearest Blockstream customer service client care specialist.

This is only a test.

[pleaseexplainagain]

Coin



Explanation

I think the current $450 price might well be enough to act as a tipping point for the cautious to start buying and holding.

We have wanted people to buy regularly but to date the outcomes have been very choppy. Now bitcoin has been around long enough that the numbers show that it is a very good thing to do even with some choppiness.

Lets say you buy just 1 bitcoin a year on your birthday which is 30 November ( the date of the gox ath so the “worst’ date possible to buy).

below is the average price you will have paid for your bitcoins if you started in 2010, then 2011 etc, The number in brackets is the number of bitcoins you would have.

$315(6)
$378(5)
$472(4)
$626(3)
$376(2)
$376(1)

So:
starting in 2010, 2011, 2014 and 2015 your av bitcojn cost price is below the current price.
starting in 2012 you are roughly breaking even
starting in 2013 you are in a loss


if bitcoin stays $450+ for a few years then even with the very unlucky start date in 2013 you might come out ok.

the lesson here it seems to me is that historically buying bitcoin has been a good  investment aside from the other benefits that bitcoin offers.

[ChartBuddy]

Coin



Explanation

[JayJuanGee]

Coin



Explanation

I think the current $450 price might well be enough to act as a tipping point for the cautious to start buying and holding.

We have wanted people to buy regularly but to date the outcomes have been very choppy. Now bitcoin has been around long enough that the numbers show that it is a very good thing to do even with some choppiness.

Lets say you buy just 1 bitcoin a year on your birthday which is 30 November ( the date of the gox ath so the “worst’ date possible to buy).

below is the average price you will have paid for your bitcoins if you started in 2010, then 2011 etc, The number in brackets is the number of bitcoins you would have.

$315(6)
$378(5)
$472(4)
$626(3)
$376(2)
$376(1)

So:
starting in 2010, 2011, 2014 and 2015 your av bitcojn cost price is below the current price.
starting in 2012 you are roughly breaking even
starting in 2013 you are in a loss


if bitcoin stays $450+ for a few years then even with the very unlucky start date in 2013 you might come out ok.

the lesson here it seems to me is that historically buying bitcoin has been a good  investment aside from the other benefits that bitcoin offers.

I'm not sure if I understand your chart exactly,

but I do know one thing, the world has not been priced in bitcoin between 2010 and present.


Therefore, it would make more sense to price your birthday gift in some form of fiat.

For example, every b-day, November 30, you buy $365 in BTC ($1 for each day of the year, blah blah blah), then your average is going to come out much better, but the scenario would be much more realistic, in the way that I have outlined it..

[pleaseexplainagain]

Coin



Explanation

I think the current $450 price might well be enough to act as a tipping point for the cautious to start buying and holding.

We have wanted people to buy regularly but to date the outcomes have been very choppy. Now bitcoin has been around long enough that the numbers show that it is a very good thing to do even with some choppiness.

Lets say you buy just 1 bitcoin a year on your birthday which is 30 November ( the date of the gox ath so the “worst’ date possible to buy).

below is the average price you will have paid for your bitcoins if you started in 2010, then 2011 etc, The number in brackets is the number of bitcoins you would have.

$315(6)
$378(5)
$472(4)
$626(3)
$376(2)
$376(1)

So:
starting in 2010, 2011, 2014 and 2015 your av bitcojn cost price is below the current price.
starting in 2012 you are roughly breaking even
starting in 2013 you are in a loss


if bitcoin stays $450+ for a few years then even with the very unlucky start date in 2013 you might come out ok.

the lesson here it seems to me is that historically buying bitcoin has been a good  investment aside from the other benefits that bitcoin offers.

I'm not sure if I understand your chart exactly,

but I do know one thing, the world has not been priced in bitcoin between 2010 and present.


Therefore, it would make more sense to price your birthday gift in some form of fiat.

For example, every b-day, November 30, you buy $365 in BTC ($1 for each day of the year, blah blah blah), then your average is going to come out much better, but the scenario would be much more realistic, in the way that I have outlined it..

yes you are quite correct. you would come out much better off and your buying pattern in $ is more normal. However I did it this way to show even looking at it from a very bad angle (using bitcoins) the outcome is fine. That should convince even the doomsayers to get out and buy and we need both the optimists and pessimists to be buyers.

[Mrpumperitis]

im dumping some btc over the next few days...need to hedge a bit incase btc does go down.  Not dumping for fiat...gonna buy a small basket of Alts.

[BlindMayorBitcorn]

im dumping some btc over the next few days...need to hedge a bit incase btc does go down.  Not dumping for fiat...gonna buy a small basket of Alts.

I understand there are some fine arbitrage opportunities over at Cryptsy. Why not give it a try.

[Cconvert2G36]

im dumping some btc over the next few days...need to hedge a bit incase btc does go down.  Not dumping for fiat...gonna buy a small basket of Alts.

Maybe it should have been "the last few days". She's coiling again, gentlemen.

[BlindMayorBitcorn]

im dumping some btc over the next few days...need to hedge a bit incase btc does go down.  Not dumping for fiat...gonna buy a small basket of Alts.

Maybe it should have been "the last few days". She's coiling again, gentlemen.

Like a burmese python!

[ChartBuddy]

Coin



Explanation

[JayJuanGee]

Coin



Explanation

I think the current $450 price might well be enough to act as a tipping point for the cautious to start buying and holding.

We have wanted people to buy regularly but to date the outcomes have been very choppy. Now bitcoin has been around long enough that the numbers show that it is a very good thing to do even with some choppiness.

Lets say you buy just 1 bitcoin a year on your birthday which is 30 November ( the date of the gox ath so the “worst’ date possible to buy).

below is the average price you will have paid for your bitcoins if you started in 2010, then 2011 etc, The number in brackets is the number of bitcoins you would have.

$315(6)
$378(5)
$472(4)
$626(3)
$376(2)
$376(1)

So:
starting in 2010, 2011, 2014 and 2015 your av bitcojn cost price is below the current price.
starting in 2012 you are roughly breaking even
starting in 2013 you are in a loss


if bitcoin stays $450+ for a few years then even with the very unlucky start date in 2013 you might come out ok.

the lesson here it seems to me is that historically buying bitcoin has been a good  investment aside from the other benefits that bitcoin offers.

I'm not sure if I understand your chart exactly,

but I do know one thing, the world has not been priced in bitcoin between 2010 and present.


Therefore, it would make more sense to price your birthday gift in some form of fiat.

For example, every b-day, November 30, you buy $365 in BTC ($1 for each day of the year, blah blah blah), then your average is going to come out much better, but the scenario would be much more realistic, in the way that I have outlined it..

yes you are quite correct. you would come out much better off and your buying pattern in $ is more normal. However I did it this way to show even looking at it from a very bad angle (using bitcoins) the outcome is fine. That should convince even the doomsayers to get out and buy and we need both the optimists and pessimists to be buyers.

You can paint conservative scenarios by eliminating some of the advantages of earlier years, or changing amounts purchased or even trading BTC and making mistakes, but you should not undermine the very explosive scenario of BTC's price history.


I put together a quickie Excel chart to flesh out my above-described tweaking of aspects of your earlier scenario, and BTC's price looks outrageously explosive, even if you were to attempt to tweak some more and to paint such asepects in more conservative scenarios.

One of the issues, however, is that most of us probably did not even know about BTC until 2012 or 2013.. so to be more realistic, it may be better to eliminate some of the earlier years because we would not have known or have been able to invest.


Date               BTC Price      buy amount   BTC quantity                 Total BTC bought          Total fiat invested   Average per BTC
11/30/10      $0.30          $365.00           1,216.66666667                 1,216.66666667            $365.00                     $0.30
11/30/11      $3.00          $365.00           121.66666667                 1,338.33333333            $730.00                     $0.55
11/30/12      $12.50          $365.00            29.20000000                 1,367.53333333            $1,095.00                     $0.80
11/30/13      $1,150.00     $365.00            0.31739130                 1,367.85072464            $1,460.00                     $1.07
11/30/14      $380.00          $365.00            0.96052632                 1,368.81125095            $1,825.00                     $1.33
11/30/15      $380.00          $365.00            0.96052632                 1,369.77177727            $2,190.00                     $1.60

[JayJuanGee]

im dumping some btc over the next few days...need to hedge a bit incase btc does go down.  Not dumping for fiat...gonna buy a small basket of Alts.

Sounds like a bad idea... good luck

[suda123]

im dumping some btc over the next few days...need to hedge a bit incase btc does go down.  Not dumping for fiat...gonna buy a small basket of Alts.

Looks like the economy is collapsing and Bitcoin went up...... Better the stuff that a bit bitcoin

[marcus_of_augustus]

im dumping some btc over the next few days...need to hedge a bit incase btc does go down.  Not dumping for fiat...gonna buy a small basket of Alts.

Looks like the economy is collapsing and Bitcoin went up...... Better the stuff that a bit bitcoin

http://www.usatoday.com/story/money/nation-now/2016/01/09/sale-grow-powerball-millions-saturday-drawing/78552386/

[Mrpumperitis]

im dumping some btc over the next few days...need to hedge a bit incase btc does go down.  Not dumping for fiat...gonna buy a small basket of Alts.

I understand there are some fine arbitrage opportunities over at Cryptsy. Why not give it a try.