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

[Elwar]

Hi Elwar,

I saw your post about General Dynamics and DCGS-A.

I feel your pain.

Have you considered work where you're not so tied up to the government insanity that is the military?

One brief moment when I was looking for a job I added private companies to my list. My skillset is wide and not specialized because of how contracts work. They need someone to fill a slot, they'll put you in that slot even if you know it just a little as long as you have a lot of experience and have a degree (and a clearance). So I've been a network engineer, software engineer, system admin, Java/C++/.NET/Ada, etc. A wide range of skills but no specialization in one single skill. While searching for a job in the private sector they tend to look for someone that is very specialized in one skill set, especially at the senior level. I interviewed for several Java positions and one person told me that I was more of a junior level programmer but my salary requirement was senior level. Which was true since I use Java for most positions but I am never a Java developer.

Plus the clearance I have, only .001% of Americans have that clearance. Which makes it easy to get a good paying job for any job that requires that clearance. There is certainly no outsourcing of my job to lower paid foreigners. That and my willingness to travel and live anywhere in the world (including war zones) gives me a very good salary. Getting paid $250k-$500k per year is not unheard of for my type of work in war zone environments (working 84 hour work weeks, 365 days a year). That's a lot of bitcoins.

I do plan on retiring in a few years, work on something I can just do over the Internet and travel the world. I'll retire a lot sooner if bitcoin goes over $2-3k.

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[podyx]

Buy opportunity or sell opportunity?

Thoughts?

[respawn2]

What's going on?

[soullyG]

You're doing a great job Lambie, can you push the price down a bit more so I can get moar cheep coinz

[Elwar]

What's going on?

Very nice. Just hold that price a few more hours please.

[respawn2]

You're doing a great job Lambie, can you push the price down a bit more so I can get moar cheep coinz

Is this good enough, or still too rich for your blood?



*But at least we're seeing some volume...

[AlexGR]

What's going on?

It's called a 2.5% profit opportunity.

Buy there, sell at 665.99

[respawn2]

It's called a 2.5% profit opportunity.

Waiting a bit, step back in @ 75% profit opportunity.
BTW, to take advantage of opportunities like this, you gotta have worthless fiat waiting. Got any?
Or are you, you know, all in?

[JayJuanGee]

Buy opportunity or sell opportunity?

Thoughts?

Of course, today is a buy opportunity because, if you noticed, the price is going down.

The best practice is to buy BTC on the way down and to sell on the way up.

If you were going to sell some bitcoins, then you should have already done that.

So under the current price direction, the opportunity is here and that is to buy little bitcoins, and the only questions are how much to buy and at what price increments.

[soullyG]

No need to quote the trolls guys 

[Hyperjacked]

Couple weeks till the poll ends...anyone care to share what they voted?

I voted 650 two weeks ago

disclaimer:I'm right 76% of the time  

Anyone else vote 650$ ?

It's almost July 31...

Although I doubt it stays in a tight range till the end of the poll!

Always the most violent moves after the bollinger band narrows...

Could go either way with high volume before Aug imho

[Hyperjacked]

What's going on?

It's called a 2.5% profit opportunity.

Buy there, sell at 665.99

Or it could go lower....

[Hyperjacked]

Buy opportunity or sell opportunity?

Thoughts?

I have plenty of thoughts but Adam likes deleting my posts...

[podyx]

Buy opportunity or sell opportunity?

Thoughts?

Of course, today is a buy opportunity because, if you noticed, the price is going down.

The best practice is to buy BTC on the way down and to sell on the way up.

If you were going to sell some bitcoins, then you should have already done that.

So under the current price direction, the opportunity is here and that is to buy little bitcoins, and the only questions are how much to buy and at what price increments.

Yup, I'm leaning towards buy opportunity too.

Just gonna wait a while to make sure it doesn't continue downwards.

I think some huge gains are in sight the coming months.

[White sugar]

Is this really a surprise?

Every end of month there is a mini dump because people need to sell BTC to pay taxes.

Things must be really boring now t opeople mind about $10 changes

[Dafar]

Buy opportunity or sell opportunity?

Thoughts?

Of course, today is a buy opportunity because, if you noticed, the price is going down.

The best practice is to buy BTC on the way down and to sell on the way up.

If you were going to sell some bitcoins, then you should have already done that.

So under the current price direction, the opportunity is here and that is to buy little bitcoins, and the only questions are how much to buy and at what price increments.

Yup, I'm leaning towards buy opportunity too.

Just gonna wait a while to make sure it doesn't continue downwards.

I think some huge gains are in sight the coming months.

How huge tho?

90% of my net worth is in bitcoin now hehe... I'm either retarded or a genius

[savetherainforest]

Buy opportunity or sell opportunity?

Thoughts?

Buy 100% ... Someone wants more coins, and they can't get enough as much as they want to get. And in the same time the rest don't have enough fiat to buy more just yet.That is essentially the problem we are facing...

*Edit: We are undervalued at least $150+ ... That's where the normal price should be staying and be safe. Everything Above $900+ in August would be good for selling!

*Edit1: I have a strange feeling we will see $900+ in 1 or 2 weeks. As the first leg up. Then the next leg is $1200-1300$ ... the 3rd leg up.. who knows.. maybe 2000$ in the mid-late September.

[JayJuanGee]

Buy opportunity or sell opportunity?

Thoughts?

Of course, today is a buy opportunity because, if you noticed, the price is going down.

The best practice is to buy BTC on the way down and to sell on the way up.

If you were going to sell some bitcoins, then you should have already done that.

So under the current price direction, the opportunity is here and that is to buy little bitcoins, and the only questions are how much to buy and at what price increments.

Yup, I'm leaning towards buy opportunity too.

Just gonna wait a while to make sure it doesn't continue downwards.

I think some huge gains are in sight the coming months.

I just think that it is too risky to either wait too long to buy BTC or to buy too much BTC at any given price point. 

Let's say for example that you have 100BTC and $5,000 in your BTC investment fund, then you likely could spread that $5,000 over increments down to $550, such as buying $500 every $10 down, or some other arrangement that is comfortable for you and maybe depending upon how fast the BTC price goes down (or if it goes down).   

Yet, if BTC prices go up, then for every dollar it goes up, you have $100 in profits, then if the price goes up by $50, then your portfolio is going to be up by $5k anyhow, even if you do not buy any, and maybe in that case, you could sell $2.5k or so of those profits in order to be able to buy back... and therefore if BTC prices go up to $700, then you may have $7,500 in cash and only about 96 BTC. 


That is kind of the way that I play these ups and downs in prices, yet overall my number of BTC keeps going up (little by little without very much overall risk)

[Yakamoto]

There is no way to determine whether or not it is a good buy time because we haven't seen a lot of potential energy coming from the market, and there doesn't seem to be much enthusiasm with the traders right now, so it doesn't seem like buying today is a good idea. Maybe in a week or two I can see more of a buy scenario, but for now I would hold off and see where it goes.

There might be a breakout coming for Bitcoin soon, but we'll have to wait and see.

[Fatman3001]

Hi Elwar,

I saw your post about General Dynamics and DCGS-A.

I feel your pain.

Have you considered work where you're not so tied up to the government insanity that is the military?

One brief moment when I was looking for a job I added private companies to my list. My skillset is wide and not specialized because of how contracts work. They need someone to fill a slot, they'll put you in that slot even if you know it just a little as long as you have a lot of experience and have a degree (and a clearance). So I've been a network engineer, software engineer, system admin, Java/C++/.NET/Ada, etc. A wide range of skills but no specialization in one single skill. While searching for a job in the private sector they tend to look for someone that is very specialized in one skill set, especially at the senior level. I interviewed for several Java positions and one person told me that I was more of a junior level programmer but my salary requirement was senior level. Which was true since I use Java for most positions but I am never a Java developer.

Plus the clearance I have, only .001% of Americans have that clearance. Which makes it easy to get a good paying job for any job that requires that clearance. There is certainly no outsourcing of my job to lower paid foreigners. That and my willingness to travel and live anywhere in the world (including war zones) gives me a very good salary. Getting paid $250k-$500k per year is not unheard of for my type of work in war zone environments (working 84 hour work weeks, 365 days a year). That's a lot of bitcoins.

I do plan on retiring in a few years, work on something I can just do over the Internet and travel the world. I'll retire a lot sooner if bitcoin goes over $2-3k.

Sounds like you'll be retiring next year then. This sucker can't stay down much longer.