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

[JayJuanGee]

$777 is the new $666, what a coincidence

I wish I bought more during $666.... regretted.. I'm too afraid to buy more now. It's expensive and not sure if I can make profit..

You probably felt the same way at $666.

Probably felt the same way at $222, $333, $444 and $555, too,,, 

you guys are right... when it's $888 I would be saying the same. At the end of the day, I missed all out.

You don't have to invest your life savings all at once.

Just dollar cost average invest into bitcoin with what you can afford, whether that is $10 per month or $400 per week or $100 per day.. or $1 per day.  There are a lot of ways to invest an amount that is comfortable and should not cause regrets, as long as you try to apportion it to your own personal financial situation.

For example, I am a kind of cautious person when it comes to investing, and it took me more than a year to establish my initial investment stake into bitcoin and to achieve a kind of feeling of comfort that I had a decent stake in bitcoin that was proportionate to my overall view of the investment (in contrast with and proportioned to other investments that I had at that time in light of my timeline and other personal circumstances)

[notme]

$777 is the new $666, what a coincidence

I wish I bought more during $666.... regretted.. I'm too afraid to buy more now. It's expensive and not sure if I can make profit..

You probably felt the same way at $666.

Probably felt the same way at $222, $333, $444 and $555, too,,, 

you guys are right... when it's $888 I would be saying the same. At the end of the day, I missed all out.

You don't have to invest your life savings all at once.

Just dollar cost average invest into bitcoin with what you can afford, whether that is $10 per month or $400 per week or $100 per day.. or $1 per day.  There are a lot of ways to invest an amount that is comfortable and should not cause regrets, as long as you try to apportion it to your own personal financial situation.

For example, I am a kind of cautious person when it comes to investing, and it took me more than a year to establish my initial investment stake into bitcoin and to achieve a kind of feeling of comfort that I had a decent stake in bitcoin that was proportionate to my overall view of the investment (in contrast with and proportioned to other investments that I had at that time in light of my timeline and other personal circumstances)

Yep... the best part about bitcoin markets is the percentage fees instead of the flat fees you see in traditional markets.  It is reasonable to buy in very small lots.

[unknown04]

Best advises I had all day! Thanks guys...it does makes a lot sense.

[Ibian]

Mats problem is that he is stuck on the idea that the only right way to make money is to daytrade. Realizing that he sucks at it, he doubles down and loses even harder.

Meanwhile I just made a hundred bucks in two minutes by buying on localbitcoins and immediately reselling on kraken. There are plenty of ways to make things work for the open minded.

In-person or purely online?

I always deal in cash in person, on principle. I want as little middleman involvement as possible (banks, other third parties) and I don't like "paper trails". Personal privacy is one of my big issues.

Yeah, the thing is I imagine getting followed and 5-dollar-wrenched by a junkie or criminal of some sort.

Denmark is incredibly peaceful. Too much for my taste. But if something like that did ever happen, well let's just say I can handle myself.

But really, the sort of people who are into bitcoin at this stage all tend to be intelligent people, and it's mostly low-IQ people who become criminals. 85 is supposedly the sweet spot for crime. It's not an issue.

[Spaceman_Spiff]

Mats problem is that he is stuck on the idea that the only right way to make money is to daytrade. Realizing that he sucks at it, he doubles down and loses even harder.

Meanwhile I just made a hundred bucks in two minutes by buying on localbitcoins and immediately reselling on kraken. There are plenty of ways to make things work for the open minded.

In-person or purely online?

I always deal in cash in person, on principle. I want as little middleman involvement as possible (banks, other third parties) and I don't like "paper trails". Personal privacy is one of my big issues.

Yeah, the thing is I imagine getting followed and 5-dollar-wrenched by a junkie or criminal of some sort.

Denmark is incredibly peaceful. Too much for my taste. But if something like that did ever happen, well let's just say I can handle myself.

But really, the sort of people who are into bitcoin at this stage all tend to be intelligent people, and it's mostly low-IQ people who become criminals. 85 is supposedly the sweet spot for crime. It's not an issue.

I guess you have a point.

[JayJuanGee]

$777 is the new $666, what a coincidence

I wish I bought more during $666.... regretted.. I'm too afraid to buy more now. It's expensive and not sure if I can make profit..

You probably felt the same way at $666.

Probably felt the same way at $222, $333, $444 and $555, too,,,  

you guys are right... when it's $888 I would be saying the same. At the end of the day, I missed all out.

You don't have to invest your life savings all at once.

Just dollar cost average invest into bitcoin with what you can afford, whether that is $10 per month or $400 per week or $100 per day.. or $1 per day.  There are a lot of ways to invest an amount that is comfortable and should not cause regrets, as long as you try to apportion it to your own personal financial situation.

For example, I am a kind of cautious person when it comes to investing, and it took me more than a year to establish my initial investment stake into bitcoin and to achieve a kind of feeling of comfort that I had a decent stake in bitcoin that was proportionate to my overall view of the investment (in contrast with and proportioned to other investments that I had at that time in light of my timeline and other personal circumstances)

Yep... the best part about bitcoin markets is the percentage fees instead of the flat fees you see in traditional markets.  It is reasonable to buy in very small lots.

Actually, I have a little bit of a personal story about this buying very small amounts of BTC and accumulating.  


Between November 2013 and about January 2015, I invested most all the money that I had preallocated to invest in bitcoin, yet, as we know through the first 8 months of 2015, bitcoin floated largely in the mid-$200s (it's lowest price for the previous 14 to 20 months), so it was a good time to add value to the bitcoin holdings.  

However between February and August 2015, I had some cash flow issues, due to some business arrangements that I had (not bitcoin related).  Therefore, through the February to August 2015 period, I would buy very very small amounts of bitcoin on almost a daily basis with every extra $4 or $20 dollars that I had coming in (besides what I needed for my living expenses and other business expenses).

 Over those about 7 months, the ongoing small and regular amounts of bitcoin purchases ended up adding up to thousands of dollars invested into bitcoin that ended up helping me to justify my beginning to trade BTC in October 2015 (meaning that I could begin selling very small amounts of BTC at a profit, after the price began to break above $250).  

In essence my ongoing accumulation of very small amounts of BTC caused me to accumulate a sufficient quantity of coins below $250 in order to justify (in my mind) that I could begin to sell small amounts of BTC at a profit and then to apportion my risks in the investment (in case the price of BTC came back down again - which it kind of went up and continued to go up from there.. hahahahaha... lucky for all of us who HODLd and continued to accumulate BTC through that long bear market period)

[Ibian]

$777 is the new $666, what a coincidence

I wish I bought more during $666.... regretted.. I'm too afraid to buy more now. It's expensive and not sure if I can make profit..

You probably felt the same way at $666.

Probably felt the same way at $222, $333, $444 and $555, too,,, 

you guys are right... when it's $888 I would be saying the same. At the end of the day, I missed all out.

You don't have to invest your life savings all at once.

Just dollar cost average invest into bitcoin with what you can afford, whether that is $10 per month or $400 per week or $100 per day.. or $1 per day.  There are a lot of ways to invest an amount that is comfortable and should not cause regrets, as long as you try to apportion it to your own personal financial situation.

For example, I am a kind of cautious person when it comes to investing, and it took me more than a year to establish my initial investment stake into bitcoin and to achieve a kind of feeling of comfort that I had a decent stake in bitcoin that was proportionate to my overall view of the investment (in contrast with and proportioned to other investments that I had at that time in light of my timeline and other personal circumstances)

Yep... the best part about bitcoin markets is the percentage fees instead of the flat fees you see in traditional markets.  It is reasonable to buy in very small lots.

Actually, I have a little bit of a personal story about this. 


Between November 2013 and about January 2015, I invested most all the money that I had preallocated to invest in bitcoin, yet, as we know through the first 8 months of 2015, bitcoin floated largely in the mid-$200s (it's lowest price for the previous 14 to 20 months), so it was a good time to add value to the bitcoin holdings.  However between February and August 2015, I had some cash flow issues, due to some business arrangements that I had.  Therefore, through the February to August 2015 period, I would buy very very small amounts of bitcoin on almost a daily basis with every extra $4 or $20 dollars that I had coming in (besides what I needed for my living expenses and other business expenses).  Over those about 7 months, the ongoing small and regular amounts ended up adding up to thousands of dollars invested into bitcoin that ended up helping me to justify my beginning to trade BTC in October 2015 (meaning that I could begin selling small amounts of BTC at a profit, after the price began to break above $250.  In essence my ongoing accumulation of very small amounts caused me to accumulate a sufficient quantity of coins below $250 in order to justify (in my mind) that I could begin to sell small amounts and then to apportion my risks (in case the price of BTC came back down again - which it kind of went up and continued to go up from there.. hahahahaha... lucky for all of us who HODLd and continued to accumulate BTC through that long bear market period)

It's not really luck. There is nothing technically difficult about buying something and then not touching it, the hard part is having the intelligence to see the value of bitcoin and having the discipline to make a plan and follow through. Most people are far too emotional to do that.

[JayJuanGee]

......[edited out]................In essence my ongoing accumulation of very small amounts caused me to accumulate a sufficient quantity of coins below $250 in order to justify (in my mind) that I could begin to sell small amounts and then to apportion my risks (in case the price of BTC came back down again - which it kind of went up and continued to go up from there.. hahahahaha... lucky for all of us who HODLd and continued to accumulate BTC through that long bear market period)

It's not really luck. There is nothing technically difficult about buying something and then not touching it, the hard part is having the intelligence to see the value of bitcoin and having the discipline to make a plan and follow through. Most people are far too emotional to do that.

Well, maybe you are correct that luck is a little too fateful of a term and maybe a bit too imprecise, because you are correct that it does take a certain level of perseverance to continue to buy BTC during a bear market and to continue to HODL and accumulate BTC (and not sell when prices are either flat or appearing to want to go down more) while there were ongoing attempted battles to push BTC prices below $200 (which ended up being the bottom - and maybe there was also some "luck" in the whole scheme of things... that the Bitfinex hack (for example) did not happen in the lower $200s rather than in the lower $600s? )

[julian071]

$888 by christmas?

[soullyG]

If we manage to stay above $760 then I'm expecting $800 by next week

[podyx]

This is another strange drop.

This could be a good long entering position with high leverage.

[julian071]

This is another strange drop.

This could be a good long entering position with high leverage.

And the exact minute it happens, a newbie account is created and FUD spread. This is either an automated process, or coordinated in advance. I really wonder why they bother.

[JimboToronto]

Good AM Bitcoinland.

I see I woke up just a bit too late and missed a tiny micro-dip of a dime and recovery halfway back... currently $783USD at Bitcoinaverage.

I've stopped posting the CAD prices since it's been over $1000 for a month now and solidly over $1000 for over 2 weeks. I'll resume when we're near the CAD ATH.

In the current bull market these dips don't last long. We're still basically where we've been for the last couple of weeks.

$888 by christmas?

$999 by Easter? $10101.0 by 2020?    

[JayJuanGee]

This is another strange drop.

This could be a good long entering position with high leverage.

What are your "arguably" reasonable long term bear thoughts, Tzupy?   Are you thinking down from here or up?  We going below $750 before we go above $800?

I was kind of thinking above $800 first, and I was also thinking about revising my top range for this up streak to somewhere between $833 and $888 before we get at least one more 15% to 25% correction.... but yeah, we gotta solidly get beyond these upper $700 price points first...and another decent correction of 10% or more could squeeze a number of longs in order to make "up" more comfortable.. but wouldn't it take at least 15% or even 20% down to sufficiently trigger the squeezing of longs?

[Tzupy]

For now, I think we've topped. It took too long to get up here and it's not looking impulsive.
So I am expecting a 25% correction, which could take a couple of months to reach the bottom.
After that, slow up with corrections, for most of 2017, break the ATH only in 2018.
I am not at all happy with this scenario, because a slow market is killing me...

[podyx]

For now, I think we've topped. It took too long to get up here and it's not looking impulsive.
So I am expecting a 25% correction, which could take a couple of months to reach the bottom.
After that, slow up with corrections, for most of 2017, break the ATH only in 2018.
I am not at all happy with this scenario, because a slow market is killing me...

We just broke key resistance and you're predicting we're going down??

[crypto research]

If we manage to stay above $760 then I'm expecting $800 by next week

Good point.
If I will hold my 1 million BTC.

[JayJuanGee]

For now, I think we've topped. It took too long to get up here and it's not looking impulsive.
So I am expecting a 25% correction, which could take a couple of months to reach the bottom.
After that, slow up with corrections, for most of 2017, break the ATH only in 2018.
I am not at all happy with this scenario, because a slow market is killing me...

I'm going to give you the benefit of the doubt that you are providing your genuine assessment, and not talking your book.  I know that some folks want to come in here and talk their books, but you really don't strike me that way... (in regards to "talking book", there is nothing wrong with making various BTC price predictions and betting accordingly, but I think that it is another story that a book talker takes a position, and then comes in here attempting to get others to follow the already taken position).

Sure, each of us is entitled to our own scenarios and viewpoints about the price direction of bitcoin, yet to me, it seems as though you are describing a scenario that is less than likely to occur, especially when you are suggesting that the new ATH will not be reached until 2018.

Even though I am thinking up to a 25% correction sometime before $888, I really don't think such a correction is going to keep us down for more than a few months.... and yeah a 25% correction could take place at any time.. including right now or wait a little bit longer.

We are all just winging it in prediction land - but in the end, to me, there just seems to be too much widespread adoption taking place including looking at local bitcoin stats, infrastructure development, positive developments with seg wit, major currency problems around the world, ongoing manipulation of gold and silver, dumbass trump election results, an already experienced correction of nearly 3 years (from $1163 to present) and even overall lack of regulatory hostility.  

Accordingly, bitcoin's market cap remains so small while there continues to exist a multitude of reasons that there are multiple upwards price pressures... including also the fact that bitcoin still is a paradigm changing invention that is delivering a product that is unlike any other product previously seen... and still has no meaningful competition.  

I am NOT saying that your described scenario could not occur, but given the whole scheme of things, including factors that I mentioned above, your scenario is seeming like about a less than 25% chance of occurring (including the part in which you assert that a new ATH is not reached until 2018).

[huanglui]

If we manage to stay above $760 then I'm expecting $800 by next week

Good point.
If I will hold my 1 million BTC.

Please do not  start dumping. I buy BTC for 750$ in Jun. and You can pump this shit to 1000$  before dump.

[0xfff]

I should have bought the dip.... So much missed $$$$. So much regret 
Ahh, the life of a trader is hard. (unless you hit it big and retire)