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

[marky89]

price depends on actual story that is happening around bitcoin, no?

True at times but there is a lot more towards the price of an asset with a 10 billion USD marketcap than a bot of media stories.

Thoughts on how the ETH hard fork may affect fundamentals? Does it affect BTC? Does it reflect badly on all cryptocurrency -- since it breaks immutability for the sake of a bailout?

It was a sad sight is all I know.

[marcus_of_augustus]

Total Reduced Supply since halvening = 25,000 btc

That's slightly more than the much ballyhooed 24,000 the australian authorities 'auction' of confiscated coins that was "dumped" on the market ...

888 by September
1000 by October.

[yefi]

ETF is bullshit (not bullish). winklewees are ever failing wannabes burning through daddy money.

trading paper coins will certainly not lead btc price higher.

just look at how gold ETFs are used to lower its price, flooding the market with their monkey gold.

ETFs have been held responsible for the rise in gold up to nearly $2000/oz, as they opened up investment to the market from participants who wouldn't have dealt with the underlying asset.

I think the problem here arises from paper claims not being backed by actual assets - Bitcoin's transparent ledger should provide a simple and incontrovertible means to assess an ETF's holdings however.

[talkingleaves]

Don't we have any traders in here that post useful info anymore...? Sad...

Looks like my <650 target a few weeks ago was dead nuts...

And Jay says I have no clue...thanks for the btc Jay and cronies 

Cheers 

what exit and reentry did you get? I sold at 680 a couple days ago and bough back at 656...was so annoyed when it went lower, I almost set my buy order for 646 but went higher because I didnt want to miss the bottom, just in case :/

What percentage of your BTC holdings are you trading on these kinds of swings?  100% of it, or some lower amount? 

100%...I only trade when I'm very very certain.

[yefi]

Regarding the crap towns vote, you missed out Sunderland. You really should visit it considering it was voted third crappest town in the UK. The best time to visit is when there's a home game against Newcastle on. Here's a few pictures of the aftermath of a previous game so you know what to expect.

...

I'd vote for Swindon: when your prime attraction is a roundabout, you know you're fucked.

[JayJuanGee]

Don't we have any traders in here that post useful info anymore...? Sad...

Looks like my <650 target a few weeks ago was dead nuts...

And Jay says I have no clue...thanks for the btc Jay and cronies 

Cheers 

what exit and reentry did you get? I sold at 680 a couple days ago and bough back at 656...was so annoyed when it went lower, I almost set my buy order for 646 but went higher because I didnt want to miss the bottom, just in case :/

What percentage of your BTC holdings are you trading on these kinds of swings?  100% of it, or some lower amount? 

100%...I only trade when I'm very very certain.

sounds very dangerous, so you probably have various techniques to deal with when you are not correct, unless you are asserting that you are always correct?   

[kobilica]

Total Reduced Supply since halvening = 25,000 btc

That's slightly more than the much ballyhooed 24,000 the australian authorities 'auction' of confiscated coins that was "dumped" on the market ...

888 by September
1000 by October.

600*24000 =  14.4 million €

I still think we need months of holding for big price increase

[chesthing]

The current poll, as usual, tells us how f'g clueless those here are. By far the highest number of voters say btc will be over $1k in a week, and the lowest number of voters at $650 will turn out to be right. Yes, this is an utterly worthless source of info as usual. Entertaining though!

[scv00]

The current poll, as usual, tells us how f'g clueless those here are. By far the highest number of voters say btc will be over $1k in a week, and the lowest number of voters at $650 will turn out to be right. Yes, this is an utterly worthless source of info as usual. Entertaining though!

It's not utterly worthless, it's an almost perfect reverse indicator of what the price will be in the future. If you bet on whatever price gets the lowest number of votes it's almost a guarantee you will win. The lowest number of votes probably gets it wrong less than 10% of the time.

[chesthing]

The current poll, as usual, tells us how f'g clueless those here are. By far the highest number of voters say btc will be over $1k in a week, and the lowest number of voters at $650 will turn out to be right. Yes, this is an utterly worthless source of info as usual. Entertaining though!

It's not utterly worthless, it's an almost perfect reverse indicator of what the price will be in the future. If you bet on whatever price gets the lowest number of votes it's almost a guarantee you will win. The lowest number of votes probably gets it wrong less than 10% of the time.

When the poll started the price was in mid $600s, the handfull of schlubs who guessed right just guessed the current price. The rest have no more clue than I what btc is going to do next, unfortunately.

[nioc]

The current poll, as usual, tells us how f'g clueless those here are. By far the highest number of voters say btc will be over $1k in a week, and the lowest number of voters at $650 will turn out to be right. Yes, this is an utterly worthless source of info as usual. Entertaining though!

It's a troll poll.

The highest value always wins and the lowest is usually second.  Must be some newbies voting in this one who thought the "reasonable" optimism of 800 was correct.

Then after the deadline people keep voting because the like being "correct" and the poll then gets closer to reality.

I don't vote because I'm clueless.  As long as the price is below the 32K Adam promised I just keep buying whenever I can.

[Meuh6879]

[marcus_of_augustus]

[Karpeles]

Lack of $666 option in the pool.

We all know that the price will be around $666 for the next 6 months, 6 days and 6 hours

[adamstgBit]

635 is coming

one last good drop before we continue on moving forward

thats my wish.

[talkingleaves]

Don't we have any traders in here that post useful info anymore...? Sad...

Looks like my <650 target a few weeks ago was dead nuts...

And Jay says I have no clue...thanks for the btc Jay and cronies 

Cheers 

what exit and reentry did you get? I sold at 680 a couple days ago and bough back at 656...was so annoyed when it went lower, I almost set my buy order for 646 but went higher because I didnt want to miss the bottom, just in case :/

What percentage of your BTC holdings are you trading on these kinds of swings?  100% of it, or some lower amount? 

100%...I only trade when I'm very very certain.

sounds very dangerous, so you probably have various techniques to deal with when you are not correct, unless you are asserting that you are always correct?   

by no means always correct, but i rarely trade, only on gut feeling based on weekly price swings. sell when she rises, buy back when she falls

[chesthing]

635 is coming

one last good drop before we continue on moving forward

thats my wish.

Wish bigger, gonna go in the $500s again.

[JayJuanGee]

Don't we have any traders in here that post useful info anymore...? Sad...

Looks like my <650 target a few weeks ago was dead nuts...

And Jay says I have no clue...thanks for the btc Jay and cronies 

Cheers 

what exit and reentry did you get? I sold at 680 a couple days ago and bough back at 656...was so annoyed when it went lower, I almost set my buy order for 646 but went higher because I didnt want to miss the bottom, just in case :/

What percentage of your BTC holdings are you trading on these kinds of swings?  100% of it, or some lower amount? 

100%...I only trade when I'm very very certain.

sounds very dangerous, so you probably have various techniques to deal with when you are not correct, unless you are asserting that you are always correct?   

by no means always correct, but i rarely trade, only on gut feeling based on weekly price swings. sell when she rises, buy back when she falls

Well, that's fair enough, and maybe even practical; however, you still did not answer my main question, and that is how do you deal with situations in which you are not correct, especially if you are trading 100% of your BTC holdings on these kinds of price swings (Note: you admitted that you are not always correct).

[aminorex]

635 is coming

one last good drop before we continue on moving forward

thats my wish.

Wish bigger, gonna go in the $500s again.

I have a bid at 580, just in case, but consider it dead money, hopeless. We are going up, not down, over the next few days, weeks.

[savetherainforest]

Ok.

So... we get the 666$ number for the end week to remain in the charts for the history books... then we go to the moons of Jupiter!

They need to have their 666$ in the damn history books as the last day when BTCeastcoin was under 1000$ ... Them religious nonsense freaks!