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

[JimboToronto]

I've been waiting for a buying opportunity for almost a month and a half and now that it comes, it's too late to do anything about it. Hopefully it'll last until morning.

You've had 18 months worth of buying opportunity, why wait until now?

Hopefully it won't last until morning.

I stocked up quite nicely during 2015 and early 2016 thank you. Raised the average price of my coins from $120 to around $200 in the process but added about 100 coins to my stash.

When I said I was waiting for almost a month and a half, I meant that the last time we had a dip worth buying was on May 2, when I bought my last coins.  I didn't consider the dip on May 19 to be deep enough to buy. Same with June 14 or 17.

When we were toying with $780, I set $680 as the point at which I'd consider adding to my stash. Tonight we hit it. Too bad it happened so late in the day. Now maybe I'll have to wait until it dips from $980 down to $880 to buy more.

[PoolMinor]

I've been waiting for a buying opportunity for almost a month and a half and now that it comes, it's too late to do anything about it. Hopefully it'll last until morning.

You've had 18 months worth of buying opportunity, why wait until now?

Hopefully it won't last until morning.

I stocked up quite nicely during 2015 and early 2016 thank you. Raised the average price of my coins from $120 to around $200 in the process but added about 100 coins to my stash.

When I said I was waiting for almost a month and a half, I meant that the last time we had a dip worth buying was on May 2, when I bought my last coins.  I didn't consider the dip on May 19 to be deep enough to buy. Same with June 14 or 17.

When we were toying with $780, I set $680 as the point at which I'd consider adding to my stash. Tonight we hit it. Too bad it happened so late in the day. Now maybe I'll have to wait until it dips from $980 down to $880 to buy more.

So I guess your strategy is to sell the inclines and buy the declines? Otherwise any price below $880 should be a good price opportunity.

[Ted E. Bare]

Yes of course you should buy. I feel bad for the sellers.

Well, it's called being a n00b and losing money is part of the initiation to making money 

the "n00b" goes to the sellers or to  Ted E. Bare who seems very sure even if he is a simple member ?  

I'm a blockchain specialist. Respect my authority.

[calme]

^^ Of course I was referring to the sellers. Not shorters, literally (permanent) sellers

[JimboToronto]

So I guess your strategy is to sell the inclines and buy the declines? Otherwise any price below $880 should be a good price opportunity.

No. Actually my strategy is to buy the dips and never sell unless I absolutely need the fiat and don't have any other options.

I'm not a trader. I'm an investor who is accumulating a nest egg for my old age. I'm only in my 60s now and still relatively young and healthy (sex&herbs&rock&roll) but in another 20 or 30 years I would rather be treated as a guest on cruise ships and hotels than treated as an inmate in some old peoples' home. I want to be able to hire and fire my own caregivers.

Discovering Bitcoin 3.5 years ago when I was in my mid-60s was the best thing that happened to me. Sure, I was already doing OK financially but Bitcoin seemed like my last real chance to set myself up comfortably for possible old age. If I drop dead before then, I guess my nieces and nephews lucked out.

[Tzupy]

I don't think we can call BFX dead quite yet.  Too much damn money flowing into that place.  Would have to be a hell of a coke habit to blow that.  

They are probably closing everyone's positions before reopening.  Brace yourself for the cries of indignation.  Why can't I go long on trader outrage.  

That might be the safest of the options, to close everyone's position (at least within a 5 to 10% range of the current price)

I don't think they did such a thing. Anyway, my short that I placed at 743$, but was executed at 727$, was left unchanged.

And now, back to sleep...

[inca]

I don't think we can call BFX dead quite yet.  Too much damn money flowing into that place.  Would have to be a hell of a coke habit to blow that.  

They are probably closing everyone's positions before reopening.  Brace yourself for the cries of indignation.  Why can't I go long on trader outrage.  

That might be the safest of the options, to close everyone's position (at least within a 5 to 10% range of the current price)

I don't think they did such a thing. Anyway, my short that I placed at 743$, but was executed at 727$, was left unchanged.

And now, back to sleep...

Missed my bid at 674 by 1 dollar :/

Oh well. I was sort of expecting to see bitcoin at 400$ and all my bids hit and a huge amount of money lost.

[JayJuanGee]

I don't think we can call BFX dead quite yet.  Too much damn money flowing into that place.  Would have to be a hell of a coke habit to blow that.  

They are probably closing everyone's positions before reopening.  Brace yourself for the cries of indignation.  Why can't I go long on trader outrage.  

That might be the safest of the options, to close everyone's position (at least within a 5 to 10% range of the current price)

I don't think they did such a thing. Anyway, my short that I placed at 743$, but was executed at 727$, was left unchanged.

And now, back to sleep...

I was partaking in the speculation about what they would do.  I believe that shorts were less of a problem because the price went down while they were closed.

I think that the situation with the longs would have been a bit more complicated, but really I don't know enough about the dynamic of the longs, and maybe Finex merely felt it was good enough to give a 10 minute or more opportunity for traders to close their positions, if they were to choose, such.

[marcus_of_augustus]

Buy the Solstice, sell the Equinox?

[pinky]

It's funny how BFX only have problems on the way down.

[DARKHOLDER]

It's funny how BFX only have problems on the way down.

Maybe that all is just strategy to buy more btc at this price? Thought those 5k btc on bfx someone would have bought if you do not know that the price will go up? 

[chessnut]

It's funny how BFX only have problems on the way down.

Maybe that all is just strategy to buy more btc at this price? Thought those 5k btc on bfx someone would have bought if you do not know that the price will go up? 

It doesnt help to halt long liqidations in order to buy a tonne of cheap coins...

[Frost]

I am back to USD for a while... made my profit. Don't see how the price can stay that way in a long run.

[bitba.org]

btc-e $683

[DARKHOLDER]

btc-e $683

Igenerally look on biggest markets..on smallest markets the price is not correct..

[PoolMinor]

So I guess your strategy is to sell the inclines and buy the declines? Otherwise any price below $880 should be a good price opportunity.

No. Actually my strategy is to buy the dips and never sell unless I absolutely need the fiat and don't have any other options.

I'm not a trader. I'm an investor who is accumulating a nest egg for my old age. I'm only in my 60s now and still relatively young and healthy (sex&herbs&rock&roll) but in another 20 or 30 years I would rather be treated as a guest on cruise ships and hotels than treated as an inmate in some old peoples' home. I want to be able to hire and fire my own caregivers.

Discovering Bitcoin 3.5 years ago when I was in my mid-60s was the best thing that happened to me. Sure, I was already doing OK financially but Bitcoin seemed like my last real chance to set myself up comfortably for possible old age. If I drop dead before then, I guess my nieces and nephews lucked out.

So to buy, the price has to be higher before you buy (because you only buy dips) because you don't ever sell unless you have to. How about this whole big dip from ~$1100 from Dec 2013. Seems to me any price below that would be considered a good opportunity given the logic you are using.

More importantly along that same logic the price should never matter if you are strictly accumulating.

[becoin]

I am back to USD for a while... made my profit. Don't see how the price can stay that way in a long run.

The price will be much higher in a long run.

In a short run it might dip lower. Which is good because I need to buy more coins, the lower is price the better.

[spooderman]

It's funny how BFX only have problems on the way down.

yeah, remember that 2 year bear market we just had where they were offline the entire time?

[Hunyadi]

BFX down again 

[Karartma1]

BFX down again 

so it was not just me, good I emptied my btc addresses on finex lately. I don't want to leave them on the exchanges now. I think now it's the right time to simply wait until the halving