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

[ChartBuddy]

Coin



Explanation

[r0ach]

Who has been holding from $502, $475, $465, and $428? 

When are you gonna sell? at $350? 300? 200?

Price can't go up because transaction volume can't go up. It's that simple, so unless you know about some secret deal between core, nodes and miners to increase capacity, enjoy watching the value of your holdings slowly deteriorate.

Lightning Network isn't priced in at all, so assuming it ever comes out and functions, that will be a huge bump for price even with 1.6MB blocks.

[billyjoeallen]

Who has been holding from $502, $475, $465, and $428? 

When are you gonna sell? at $350? 300? 200?

Price can't go up because transaction volume can't go up. It's that simple, so unless you know about some secret deal between core, nodes and miners to increase capacity, enjoy watching the value of your holdings slowly deteriorate.

Lightning Network isn't priced in at all, so assuming it ever comes out and functions, that will be a huge bump for price even with 1.6MB blocks.

How do you know? Maybe without your vaporware promises, the price would be even lower.

[Cconvert2G36]

If you can handle the sub-par production quality, the roundtable put on by BitFury in miami is worth a watch:

http://www.youtube.com/watch?v=PJMI928Ihsc&t=11m22s

Hard to make investment decisions without knowing the overall lay of the land, and how that impacts our future travels.

[shmadz]

Who has been holding from $502, $475, $465, and $428? 

When are you gonna sell? at $350? 300? 200?

Price can't go up because transaction volume can't go up. It's that simple, so unless you know about some secret deal between core, nodes and miners to increase capacity, enjoy watching the value of your holdings slowly deteriorate.

You're such a douche.

[Cconvert2G36]

Who has been holding from $502, $475, $465, and $428? 

When are you gonna sell? at $350? 300? 200?

Price can't go up because transaction volume can't go up. It's that simple, so unless you know about some secret deal between core, nodes and miners to increase capacity, enjoy watching the value of your holdings slowly deteriorate.

You're such a douche.

QED level retorts, in tha house. #R3KT

[cbeast]

If you do sell, don't expect to buy in when they decide to upgrade Bitcoin's carry capacity. The exchanges usually shut down until it settles higher.

[JayJuanGee]

Who has been holding from $502, $475, $465, and $428? 

When are you gonna sell? at $350? 300? 200?

Price can't go up because transaction volume can't go up. It's that simple, so unless you know about some secret deal between core, nodes and miners to increase capacity, enjoy watching the value of your holdings slowly deteriorate.

You are a fucking jerk when you spin and threaten with your exaggerations.


The price is up and down and up and down.. but mostly up, especially in the past year, and you remind me of some playground bully who is attempting to mislead with spin and trying to take away the marbles.

HODL your marbles people....

hahahahaha... 


Hodl and buy more marbles... dollar cost average, and things should continue to progress with bitcoin... in the meantime, including this year is likely going to be decent for BTC prices, whether you already had coins or if you are buying in the $300s, $400s or $500s.


Actually, I'm not sure if there are too many people who are newbies reading this thread... but just in case, HODL... and buy.

[ChartBuddy]

Coin



Explanation

[JayJuanGee]

If you do sell, don't expect to buy in when they decide to upgrade Bitcoin's carry capacity. The exchanges usually shut down until it settles higher.

What's that supposed to mean?


Bitcoin never closes, and it is getting worse and worse in terms of its security and the abilities to buy and sell bitcoin.. .never shuts down baby....


Even during a stock split...  if there is such a thing...

[Cconvert2G36]

Who has been holding from $502, $475, $465, and $428?  

When are you gonna sell? at $350? 300? 200?

Price can't go up because transaction volume can't go up. It's that simple, so unless you know about some secret deal between core, nodes and miners to increase capacity, enjoy watching the value of your holdings slowly deteriorate.

You are a fucking jerk when you spin and threaten with your exaggerations.


The price is up and down and up and down.. but mostly up, especially in the past year, and you remind me of some playground bully who is attempting to mislead with spin and trying to take away the marbles.

HODL your marbles people....

hahahahaha...  


Hodl and buy more marbles... dollar cost average, and things should continue to progress with bitcoin... in the meantime, including this year is likely going to be decent for BTC prices, whether you already had coins or if you are buying in the $300s, $400s or $500s.


Actually, I'm not sure if there are too many people who are newbies reading this thread... but just in case, HODL... and buy.

[dropt]

Who has been holding from $502, $475, $465, and $428? 

You have.  How are those losses treating you? 

[DaRude]

Who has been holding from $502, $475, $465, and $428? 

You have.  How are those losses treating you? 

Pffft been holding since 1200 beat that

[JayJuanGee]

Who has been holding from $502, $475, $465, and $428? 

You have.  How are those losses treating you? 

Pffft been holding since 1200 beat that

Hahahahaha..

I'm really curious about your personal situation, because many times when people attempt to describe the existence of $1,200 hodlers, I frequently argue that such a creature does not exist except in a hypothetical form. 

My argument, in part is that no one would really buy bitcoins at $1,200 and then sit on them for more than 2 years and still be holding BTC averaging $1,200.

Take my case, for example, the very first coin that I bought was $1,200 (that is 1.24BTC at $1,500).  That was the most expensive BTC that I have bought, to date.  Surely, hypothetically, my 1.24 BTC has never been sold, but I continued to buy and sell btc and today, my average cost per BTC is considerably lower than $1,200 and my BTC holdings is considerably higher than 1.24.


Anyhow, I would appreciate if you would elaborate a little bit about your $1,200 BTC holding(s), if you don't mind.

[ChartBuddy]

Coin



Explanation

[DaRude]

Who has been holding from $502, $475, $465, and $428? 

You have.  How are those losses treating you? 

Pffft been holding since 1200 beat that

Hahahahaha..

I'm really curious about your personal situation, because many times when people attempt to describe the existence of $1,200 hodlers, I frequently argue that such a creature does not exist except in a hypothetical form. 

My argument, in part is that no one would really buy bitcoins at $1,200 and then sit on them for more than 2 years and still be holding BTC averaging $1,200.

Take my case, for example, the very first coin that I bought was $1,200 (that is 1.24BTC at $1,500).  That was the most expensive BTC that I have bought, to date.  Surely, hypothetically, my 1.24 BTC has never been sold, but I continued to buy and sell btc and today, my average cost per BTC is considerably lower than $1,200 and my BTC holdings is considerably higher than 1.24.


Anyhow, I would appreciate if you would elaborate a little bit about your $1,200 BTC holding(s), if you don't mind.

Well yeah i'm being a bit dramatic. I didn't say my average is 1200, just like you bought a coin for $1200 and its been sitting in cold storage since then 

[nor9865]

www.Circle.com or www.Coinbase.com are easy solutions with minimal to no fees. You can also use www.LocalBitcoins.com for a swift cash deposit at an above preev price. Nor, do you mind me asking what your average buy price is for your stockpile? Pure curiosity.

I thought that he already said around $280, so even selling at $380, he would be up $100 per BTC.. something like that.

ohhh he meant at what price i bought them. sorry i thought you said at what price i am selling them..

I'm not going to go back through the posts, but my recollection, more or less, was that you asserted that you hold about 190 BTC, and you were becoming somewhat anxious regarding when to sell them.. but also Peonminer was asking you about your average buy price.


I had understood that you had made a couple of purchases, and that your profits would be around $100 per coin, if you sold at current price.

I don't recall whether you specified if that was your average buy price only for the 40 coins or if your total portfolio had an average buy price in the upper $200s.


You know many of us who have been buying BTC for a while, and even trading BTC to some extent have made a large number of transactions, and we come up with a variety of ways to attempt to calculate our average costs per BTC and the extent to which we are profitable or not.  

I personally think that these profitability considerations are all valid, and also, I am totally accepting of the fact that posters have a considerable variety in their ways of calculating their investment in bitcoin and the extent to which they may be profitable or not.

You do not necessarily need to disclose either your total number of coins or your average buy price or your framework; however, sometimes it can be helpful towards considering what to do and how to perceive your situation... and peonminer was asking you about your average price per btc for your whole BTC holdings... which is up to you whether you disclose such details.

oh right, no i dont mind disclosing, its considered as informative.

100 below $230 and 50 between $230-$245 (banked a large cash so converted a portion) and around 40.69 between $260-$290

thats why i wanted to sell a little bit over $400. i would feel more profitable. but still, in about 24hours, ill drop maybe 30-35coins. just to get a little bit of liquidity and the rest i will keep them (for the time being because the situation is not yet critical critical) but if it drops to $380-$385 am dumping all and do something else with my life.

So your average buy in price is quite a bit less than what I had initially thought that you had said..

Anyhow, based on what you said, I will place your average buy in price around $245 per BTC, and your total amount invested around $45k.

Actually cashing out all or a very large portion of your BTC holdings may not be a bad idea, because taking or locking in profits can be a good thing and then to reconsider your situation.  

One problem with taking profits;however, could be tax consequences, and you may want to consider keeping some of your bitcoins invested in BTC in order that you will not need to consider tax consequences (at least defer such considerations until when you cash out).

But that is a personal choice.

It seems that your personal amount invested in BTC is around $45k, and the value of your BTC holdings is around $75K (at $400).  

Personally, I would recommend that you consider some form of moderate approach in cashing out that would keep a portion of your BTC holdings.  

You could cash out a bit over half of your BTC holdings or even around half, and get back most of your initial dollar investment, but even if bitcoin remains, quite volatile, if you continue to hold 50 to 90 BTC, you will still be in a considerably decent position without having a whole lot of your personal money invested (mostly just profits), so for example, you could cash out the equivalent of $45k, and still maintain nearly half of your coins for the longer term...

Anyhow, ultimately, the choice is yours to make in light of your total circumstances.

By the way, providing specific numbers does help us to consider your particular matter more thoroughly, but it does also disclose personal information about you too that may not be necessary in order to brainstorm with you about considerations in making a decision.. because ultimately, when you make a decision about what to do with your bitcoins and your life investment choices, you are likely weighing other factors merely beyond your bitcoin holdings.


 

you are totally on target about what i am planning to do. but i have to say if this is a plan of the whale then the scenario has already been made once. remember it reached a top high $320 and then drop to $220 (thats when i thought it was wise to buy fast)
then few months later it topped over $400.

now, i am not saying i should not cashout, but like you said, cashing out a small considerable amount to keep the cash in liquid money and able to do something about it is not a bad idea. i actually like your reasoning and you have been speaking my mind out.

few hours from now, i am going to sell 35 btc at $400 per btc. but the minimum buying is 1btc and not less.

if i do happen to do it, ill let you know. but if i dont you will see me speculate about probable positivity on the thread again lol.


edit : if any of you have a good reliable idea or exchanger i can cash out 35btc at once. let me know.

Regular verified Coinbase accounts allow you to cash out $50,0000 at once.  You can also create an account on uphold and cash out without moving the coins to a bank... or you can put all your cashing out coins on circle or coinbase, and just convert the whole account to dollars... which is effectively accomplishing the cashing out for free... and then just withdrawal at your own pace.

international bank transfer is possible from coinbase??

Maybe limitations depend upon which country you attempt to set up an account, and from where you have a bank account?

Here's a coinbase link that describes USA, Canada, and various other European countries that are possible.  I am not familiar with all of the options, and probably will depend upon your country, too.

https://support.coinbase.com/customer/en/portal/articles/1392031-can-i-buy-bitcoin-with-an-international-bank-account-credit-card-or-paypal-


Edit 1:  I looked at your profile, and you have been participating in bitcoin forums for nearly 4 years, so you should know these various options, no?  

Edit 2:  Rich93 beat me to most of the content of my post.. ...

its a bought account from mid last year. anyways, dumped 100 on localbitcoins few hours ago. it was still above $393. looking at the price it is now, i am quite relieved!

[JayJuanGee]

www.Circle.com or www.Coinbase.com are easy solutions with minimal to no fees. You can also use www.LocalBitcoins.com for a swift cash deposit at an above preev price. Nor, do you mind me asking what your average buy price is for your stockpile? Pure curiosity.

I thought that he already said around $280, so even selling at $380, he would be up $100 per BTC.. something like that.

ohhh he meant at what price i bought them. sorry i thought you said at what price i am selling them..

I'm not going to go back through the posts, but my recollection, more or less, was that you asserted that you hold about 190 BTC, and you were becoming somewhat anxious regarding when to sell them.. but also Peonminer was asking you about your average buy price.


I had understood that you had made a couple of purchases, and that your profits would be around $100 per coin, if you sold at current price.

I don't recall whether you specified if that was your average buy price only for the 40 coins or if your total portfolio had an average buy price in the upper $200s.


You know many of us who have been buying BTC for a while, and even trading BTC to some extent have made a large number of transactions, and we come up with a variety of ways to attempt to calculate our average costs per BTC and the extent to which we are profitable or not.  

I personally think that these profitability considerations are all valid, and also, I am totally accepting of the fact that posters have a considerable variety in their ways of calculating their investment in bitcoin and the extent to which they may be profitable or not.

You do not necessarily need to disclose either your total number of coins or your average buy price or your framework; however, sometimes it can be helpful towards considering what to do and how to perceive your situation... and peonminer was asking you about your average price per btc for your whole BTC holdings... which is up to you whether you disclose such details.

oh right, no i dont mind disclosing, its considered as informative.

100 below $230 and 50 between $230-$245 (banked a large cash so converted a portion) and around 40.69 between $260-$290

thats why i wanted to sell a little bit over $400. i would feel more profitable. but still, in about 24hours, ill drop maybe 30-35coins. just to get a little bit of liquidity and the rest i will keep them (for the time being because the situation is not yet critical critical) but if it drops to $380-$385 am dumping all and do something else with my life.

So your average buy in price is quite a bit less than what I had initially thought that you had said..

Anyhow, based on what you said, I will place your average buy in price around $245 per BTC, and your total amount invested around $45k.

Actually cashing out all or a very large portion of your BTC holdings may not be a bad idea, because taking or locking in profits can be a good thing and then to reconsider your situation.  

One problem with taking profits;however, could be tax consequences, and you may want to consider keeping some of your bitcoins invested in BTC in order that you will not need to consider tax consequences (at least defer such considerations until when you cash out).

But that is a personal choice.

It seems that your personal amount invested in BTC is around $45k, and the value of your BTC holdings is around $75K (at $400).  

Personally, I would recommend that you consider some form of moderate approach in cashing out that would keep a portion of your BTC holdings.  

You could cash out a bit over half of your BTC holdings or even around half, and get back most of your initial dollar investment, but even if bitcoin remains, quite volatile, if you continue to hold 50 to 90 BTC, you will still be in a considerably decent position without having a whole lot of your personal money invested (mostly just profits), so for example, you could cash out the equivalent of $45k, and still maintain nearly half of your coins for the longer term...

Anyhow, ultimately, the choice is yours to make in light of your total circumstances.

By the way, providing specific numbers does help us to consider your particular matter more thoroughly, but it does also disclose personal information about you too that may not be necessary in order to brainstorm with you about considerations in making a decision.. because ultimately, when you make a decision about what to do with your bitcoins and your life investment choices, you are likely weighing other factors merely beyond your bitcoin holdings.


 

you are totally on target about what i am planning to do. but i have to say if this is a plan of the whale then the scenario has already been made once. remember it reached a top high $320 and then drop to $220 (thats when i thought it was wise to buy fast)
then few months later it topped over $400.

now, i am not saying i should not cashout, but like you said, cashing out a small considerable amount to keep the cash in liquid money and able to do something about it is not a bad idea. i actually like your reasoning and you have been speaking my mind out.

few hours from now, i am going to sell 35 btc at $400 per btc. but the minimum buying is 1btc and not less.

if i do happen to do it, ill let you know. but if i dont you will see me speculate about probable positivity on the thread again lol.


edit : if any of you have a good reliable idea or exchanger i can cash out 35btc at once. let me know.

Regular verified Coinbase accounts allow you to cash out $50,0000 at once.  You can also create an account on uphold and cash out without moving the coins to a bank... or you can put all your cashing out coins on circle or coinbase, and just convert the whole account to dollars... which is effectively accomplishing the cashing out for free... and then just withdrawal at your own pace.

international bank transfer is possible from coinbase??

Maybe limitations depend upon which country you attempt to set up an account, and from where you have a bank account?

Here's a coinbase link that describes USA, Canada, and various other European countries that are possible.  I am not familiar with all of the options, and probably will depend upon your country, too.

https://support.coinbase.com/customer/en/portal/articles/1392031-can-i-buy-bitcoin-with-an-international-bank-account-credit-card-or-paypal-


Edit 1:  I looked at your profile, and you have been participating in bitcoin forums for nearly 4 years, so you should know these various options, no?  

Edit 2:  Rich93 beat me to most of the content of my post.. ...

its a bought account from mid last year. anyways, dumped 100 on localbitcoins few hours ago. it was still above $393. looking at the price it is now, i am quite relieved!

Yeah, maybe you can rest a little bit better now.... .. and yeah if you liquidated half of your holdings, then at least you got out all of the profits, and you don't have to worry so much.

I do have a hard time considering that you would be able to liquidate that many coins very quickly on localbitcoins... but I suppose it is possible.. to get lucky and find someone with that much cash.

I attempt a little bit to buy and sell bitcoins, and coincidentally, I sold 3BTC on Local Bitcoins for $408, about 1 hour before the price dropped. 

But at that time,  I was feeling quite unclear about the direction of the price, and i wanted to lock in some of the profits right away, so I bought 2BTC back at $393 and then after the price dropped .5BTC at $383 and another .5BTC at $377.  I am feeling pretty good about that whole situation, even though it is small numbers, but I also am prepared to buy some more BTC if the price continues dropping lower and to sell some more on the way up, which to me seems more likely..

 I seem to be much more bullish about bitcoin than you... and I have a hard time believing that we are going down from here...  rather than up (but I have been surprised several times before in my bitcoin price anticipations).

[nor9865]

www.Circle.com or www.Coinbase.com are easy solutions with minimal to no fees. You can also use www.LocalBitcoins.com for a swift cash deposit at an above preev price. Nor, do you mind me asking what your average buy price is for your stockpile? Pure curiosity.

I thought that he already said around $280, so even selling at $380, he would be up $100 per BTC.. something like that.

ohhh he meant at what price i bought them. sorry i thought you said at what price i am selling them..

I'm not going to go back through the posts, but my recollection, more or less, was that you asserted that you hold about 190 BTC, and you were becoming somewhat anxious regarding when to sell them.. but also Peonminer was asking you about your average buy price.


I had understood that you had made a couple of purchases, and that your profits would be around $100 per coin, if you sold at current price.

I don't recall whether you specified if that was your average buy price only for the 40 coins or if your total portfolio had an average buy price in the upper $200s.


You know many of us who have been buying BTC for a while, and even trading BTC to some extent have made a large number of transactions, and we come up with a variety of ways to attempt to calculate our average costs per BTC and the extent to which we are profitable or not.  

I personally think that these profitability considerations are all valid, and also, I am totally accepting of the fact that posters have a considerable variety in their ways of calculating their investment in bitcoin and the extent to which they may be profitable or not.

You do not necessarily need to disclose either your total number of coins or your average buy price or your framework; however, sometimes it can be helpful towards considering what to do and how to perceive your situation... and peonminer was asking you about your average price per btc for your whole BTC holdings... which is up to you whether you disclose such details.

oh right, no i dont mind disclosing, its considered as informative.

100 below $230 and 50 between $230-$245 (banked a large cash so converted a portion) and around 40.69 between $260-$290

thats why i wanted to sell a little bit over $400. i would feel more profitable. but still, in about 24hours, ill drop maybe 30-35coins. just to get a little bit of liquidity and the rest i will keep them (for the time being because the situation is not yet critical critical) but if it drops to $380-$385 am dumping all and do something else with my life.

So your average buy in price is quite a bit less than what I had initially thought that you had said..

Anyhow, based on what you said, I will place your average buy in price around $245 per BTC, and your total amount invested around $45k.

Actually cashing out all or a very large portion of your BTC holdings may not be a bad idea, because taking or locking in profits can be a good thing and then to reconsider your situation.  

One problem with taking profits;however, could be tax consequences, and you may want to consider keeping some of your bitcoins invested in BTC in order that you will not need to consider tax consequences (at least defer such considerations until when you cash out).

But that is a personal choice.

It seems that your personal amount invested in BTC is around $45k, and the value of your BTC holdings is around $75K (at $400).  

Personally, I would recommend that you consider some form of moderate approach in cashing out that would keep a portion of your BTC holdings.  

You could cash out a bit over half of your BTC holdings or even around half, and get back most of your initial dollar investment, but even if bitcoin remains, quite volatile, if you continue to hold 50 to 90 BTC, you will still be in a considerably decent position without having a whole lot of your personal money invested (mostly just profits), so for example, you could cash out the equivalent of $45k, and still maintain nearly half of your coins for the longer term...

Anyhow, ultimately, the choice is yours to make in light of your total circumstances.

By the way, providing specific numbers does help us to consider your particular matter more thoroughly, but it does also disclose personal information about you too that may not be necessary in order to brainstorm with you about considerations in making a decision.. because ultimately, when you make a decision about what to do with your bitcoins and your life investment choices, you are likely weighing other factors merely beyond your bitcoin holdings.


 

you are totally on target about what i am planning to do. but i have to say if this is a plan of the whale then the scenario has already been made once. remember it reached a top high $320 and then drop to $220 (thats when i thought it was wise to buy fast)
then few months later it topped over $400.

now, i am not saying i should not cashout, but like you said, cashing out a small considerable amount to keep the cash in liquid money and able to do something about it is not a bad idea. i actually like your reasoning and you have been speaking my mind out.

few hours from now, i am going to sell 35 btc at $400 per btc. but the minimum buying is 1btc and not less.

if i do happen to do it, ill let you know. but if i dont you will see me speculate about probable positivity on the thread again lol.


edit : if any of you have a good reliable idea or exchanger i can cash out 35btc at once. let me know.

Regular verified Coinbase accounts allow you to cash out $50,0000 at once.  You can also create an account on uphold and cash out without moving the coins to a bank... or you can put all your cashing out coins on circle or coinbase, and just convert the whole account to dollars... which is effectively accomplishing the cashing out for free... and then just withdrawal at your own pace.

international bank transfer is possible from coinbase??

Maybe limitations depend upon which country you attempt to set up an account, and from where you have a bank account?

Here's a coinbase link that describes USA, Canada, and various other European countries that are possible.  I am not familiar with all of the options, and probably will depend upon your country, too.

https://support.coinbase.com/customer/en/portal/articles/1392031-can-i-buy-bitcoin-with-an-international-bank-account-credit-card-or-paypal-


Edit 1:  I looked at your profile, and you have been participating in bitcoin forums for nearly 4 years, so you should know these various options, no?  

Edit 2:  Rich93 beat me to most of the content of my post.. ...

its a bought account from mid last year. anyways, dumped 100 on localbitcoins few hours ago. it was still above $393. looking at the price it is now, i am quite relieved!

Yeah, maybe you can rest a little bit better now.... .. and yeah if you liquidated half of your holdings, then at least you got out all of the profits, and you don't have to worry so much.

I do have a hard time considering that you would be able to liquidate that many coins very quickly on localbitcoins... but I suppose it is possible.. to get lucky and find someone with that much cash.

I attempt a little bit to buy and sell bitcoins, and coincidentally, I sold 3BTC on Local Bitcoins for $408, about 1 hour before the price dropped. 

But at that time,  I was feeling quite unclear about the direction of the price, and i wanted to lock in some of the profits right away, so I bought 2BTC back at $393 and then after the price dropped .5BTC at $383 and another .5BTC at $377.  I am feeling pretty good about that whole situation, even though it is small numbers, but I also am prepared to buy some more BTC if the price continues dropping lower and to sell some more on the way up, which to me seems more likely..

 I seem to be much more bullish about bitcoin than you... and I have a hard time believing that we are going down from here...  rather than up (but I have been surprised several times before in my bitcoin price anticipations).

yes i got my investment back for the rest i dont know yet, but depending on the market situation i will see if i will drop them or keep them (tho i want to keep them)
if there is one thing i learnt, do not hope. if you see a downfall drop your coins, you can always buy them again later.
i had to do different trades, most of them havent been completed yet but i jumped in on the 393$ price at least i know its safe.
moneygram, westernunion, banktransfer i did all of them before its too late.

even if the price jumps over $500 by a miracle i know i still have a few left to win on this too.

also, analysing price on btc you will always find drop and rise. thats how big wallets gets richer. (not jealous but i do envy them)

[ChartBuddy]

Coin



Explanation