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

[JimboToronto]

Remember you haven't lost anything if you're HODLING.

It's amazing how many people fail to grasp that simple fact. Of course the opposite is also true. You haven't gained anything while you're still holding.
____________

Isn't this fun?

[USB-S]

Remember you haven't lost anything if you're HODLING.

It's amazing how many people fail to grasp that simple fact. Of course the opposite is also true. You haven't gained anything while you're still holding.

If you do nothing while everyone else fucks up, you're going to win regardless.

[conspirosphere.tk]

[The next 24 hours are critical]

https://btctrading.wordpress.com/2016/06/21/short-term-update-23/

[belmonty]

We were in the 300's not too long ago, this dump shouldn't bother people too much. The price will rise again significantly after the halving.

Remember you haven't lost anything if you're HODLING.

A week ago I din't think the price would break $700. It's $664 on Bitfinex, which isn't much different to a week ago. The price can't endlessly rise without some corrections, and that's all this is.

[MySecondCunt]

Remember you haven't lost anything if you're HODLING.

It's amazing how many people fail to grasp that simple fact. Of course the opposite is also true. You haven't gained anything while you're still holding.

It's kind of like Schrödinger's cat. You put a dead cat in the box, and until you open the box, you can't tell if the cat is dead or alive.
...uhm. OK, I messed something up there, but you get the idea. I mean, there's a good chance the cat wasn't really really dead when you stuck it in the box... or you can forget that the cat was dead, and keep telling yourself that your box contains a very highly valuable cat... Or maybe the cat has turned into a big lump of gold?
Alright, never mind. Just forget it.
I'll just leave this here.
https://s32.postimg.org/ljri7wvxh/Capture.gif<==That's how much poorer you are than u waz 24 hrs. ago.

[bitebits]

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.

Good for you Jimbo.

And don't guess, use CSV.
Your greedy young family will just instantly sell them to impress their peers.

[savetherainforest]

P.S. Guess what I got in my little blue bucket?

Blue Bucket Guess: Room Temperature Dried Out Cow, Horse & Bull Sh!t!





Statistical impossibility!  












I Stand by my predictions... It will go up in the next hours! ... When it is 01:30 <-> 02:00 in China ... that is when you will see a move up!

Edit*: When it is 06:30 <-> 07:00 in China

[JimboToronto]

Your greedy young family will just instantly sell them to impress their peers.

Actually, they're all over 30 years old already so hopefully they'd use them as down payments on homes or to pay down their mortgages.

[USB-S]

Your greedy young family will just instantly sell them to impress their peers.

Actually, they're all over 30 years old already so hopefully they'd use them as down payments on homes or to pay down their mortgages.

You're pretty hip for a nearly 70 year old man. I bet it feels good to be in the middle of the fountain of youth.

mmmmm, so sweet.

[JimboToronto]

Blue Bucket Guess: Room Temperature Dried Out Cow, Horse & Bull Sh!t!

You forgot Lamb.  
_________  

How many times have we been at $666 today and nobody's posted anything about it? Is this place growing up?

[inca]

I wonder where the bottom is..

I managed quite spectacularly to disappear 10 btc earlier by selling at the exact bottom and buying in higher. Time to sit this out for bit.

[JimboToronto]

You're pretty hip for a nearly 70 year old man. I bet it feels good to be in the middle of the fountain of youth.

Thanks but you know, age is relative.

When I was younger I associated mostly with people much older than me, and now most of my friends are considerably younger than me.

I have trouble hanging out with people who just want to talk about the past, complain, or discuss their diseases. I still like to party.

I also am more attracted to women who haven't reached menopause. It's not a "curse", it's a blessing.

[rjclarke2000]

You're pretty hip for a nearly 70 year old man. I bet it feels good to be in the middle of the fountain of youth.

Thanks but you know, age is relative.

When I was younger I associated mostly with people much older than me, and now most of my friends are considerably younger than me.

I have trouble hanging out with people who just want to talk about the past, complain, or discuss their diseases. I still like to party.

I also am more attracted to women who haven't reached menopause. It's not a "curse", it's a blessing.

I always thought you were  in your 30s Jimbo!

[LFC_Bitcoin]

I wonder where the bottom is..

I managed quite spectacularly to disappear 10 btc earlier by selling at the exact bottom and buying in higher. Time to sit this out for bit.

Yeah I don't think trying to make profit day trading into a market this volatile is clever.
Buy & HODL is advisable though.

[patronis]

We were in the 300's not too long ago, this dump shouldn't bother people too much. The price will rise again significantly after the halving.

Remember you haven't lost anything if you're HODLING.

A week ago I din't think the price would break $700. It's $664 on Bitfinex, which isn't much different to a week ago. The price can't endlessly rise without some corrections, and that's all this is.

well at least the price is settling where we mostly expected it to settle. I'm sure we will an upswing again soon.

[Torque]

I wonder where the bottom is..

I managed quite spectacularly to disappear 10 btc earlier by selling at the exact bottom and buying in higher. Time to sit this out for bit.

Oh man, I know how you feel.  Lost many btc in that head fake bear trap back in Nov.  But then made up for it by rebuying around 450.  I also just bought some more trying to catch this falling knife at 660.  We'll see if it holds.

My goal has always been to gain more btc over time, not reduce them.  That bear trap back in Nov really taught me something: when in doubt, do nothing (aka just Hodl).

[rjclarke2000]

The Socialist People's Republic of China ... just censored me!!!  



I just found out today! .. An interesting & important thing!!!!


*Listen:     To become a CEO/owner in China of an enterprise with global implications, you need to be a full member of the communist party!




*Edit: Meaning that the Chinese Government is 100% in cahoots with bitcoin and the control of the price and profit!


Imagine now if something happens to the Global Economy, China can devalue their currency by pumping BTCitcoin, without devaluing their currency against the other major global currencies!

[Mind Blown]

Sounds good but I'll be damned if I know what you mean or whether this is even partially true.

Does this mean we will all be rich soon?

Tell them to hurry up and pump it. I was loving the pump.

[Andre#]

That bear trap back in Nov really taught me something: when in doubt, do nothing (aka just Hodl).

How often I said this  to myself today...

[JayJuanGee]

I wonder where the bottom is..

I managed quite spectacularly to disappear 10 btc earlier by selling at the exact bottom and buying in higher. Time to sit this out for bit.

hahahahahaha


Not to laugh at the losses of others, but it does make me feel a bit better to see that my fuck up was not as large as yours.

I ended up screwing away about .1193561 BTC in one trade when I sold and then I got nervous about the price movement and bought back prematurely.

That trade action also caused me to have to reconsider when I am getting back in and how much to trade on each end... which really causes a considerable range in which I could not trade in order to make up for the loss..

In essence, the mistake causes me to self impose a kind of sitting it out until the price comes to me, which could take a while, but given the volatility, the matter of my inaction could be resolved a lot more quickly than expected..

  ... and that is fine because sometimes it is just time to take a bit of a break and to reassess the BIG picture of where we are at.

In the past couple of years, I have made a couple of mistakes that resulted in losing more than 1 bitcoin in the trade or the series of trades, and with those experiences, I think that I am going to learn.. but it remains really difficult to get caught up in the spur of the moment (especially when the price is moving around so quickly). and surely, sometimes, a bad trade could be conceptualized as a hedge as long as the trader keeps the position open; however, as soon as the trader closes the position, the loss is locked in, and a considerable amount of imagination may be needed in order to consider such trade as anything other than a loss (a learning experience may be amongst the better spins to make of it?).

[inca]

I wonder where the bottom is..

I managed quite spectacularly to disappear 10 btc earlier by selling at the exact bottom and buying in higher. Time to sit this out for bit.

Oh man, I know how you feel.  Lost many btc in that head fake bear trap back in Nov.  But then made up for it by rebuying around 450.  I also just bought some more trying to catch this falling knife at 660.  We'll see if it holds.

My goal has always been to gain more btc over time, not reduce them.  That bear trap back in Nov really taught me something: when in doubt, do nothing (aka just Hodl).

Yes. Amazing how easy it is to trade away those gains by churning your account or mistiming entry and exits. Oh well.