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

[600watt]

back to $1000

good bye triple digits 

There has been a very long red candle on Stamp half an hour ago. Did you see that? we got back to the triple digits but the price bounced back without problems. I'd say, yeah 

this red candle was exactly what i meant when i was considering a stop loss in my previous post.  a stop loss to close to the actual price could get triggered but if afterwards price climbs back so fast it is possible that you wake up just to learn that your coins are gone for a cheaper price and price continues to rally.

i guess i better just don´t fuck around at all with any of my coins. after all those years i learned that for me this is the safest strategy. especially in an uptrend. bitcoin is a beast and even though there is only one dimension that the price can move (up/down) there seems to a myriad of ways for an unskilled noob like me to lose coins when trading this roller coaster.

missing the sell@top/buy the dips opportunities is easier to handle than actually lose some of my beloved shiny holy coins.  i keep watching, that is entertaining enough.

That is why you do not employ any of those leveraging tools, or margin or anything like that....  it is too risky, unless you are going to be really actively involved and you employ a bunch of off set strategies that cause you to win big for every 5 times that you end up losing... hahahahaha

stick to really simple and small and non leveraged (and later, you can increase the amounts, once you get a decent feeling for it)

fine if that works for you. i stick to hodling. 

[Ted E. Bare]

PoolMinor is too bearish. Did he sell at the bottom?

[JayJuanGee]

back to $1000

good bye triple digits  

There has been a very long red candle on Stamp half an hour ago. Did you see that? we got back to the triple digits but the price bounced back without problems. I'd say, yeah  

this red candle was exactly what i meant when i was considering a stop loss in my previous post.  a stop loss to close to the actual price could get triggered but if afterwards price climbs back so fast it is possible that you wake up just to learn that your coins are gone for a cheaper price and price continues to rally.

i guess i better just don´t fuck around at all with any of my coins. after all those years i learned that for me this is the safest strategy. especially in an uptrend. bitcoin is a beast and even though there is only one dimension that the price can move (up/down) there seems to a myriad of ways for an unskilled noob like me to lose coins when trading this roller coaster.

missing the sell@top/buy the dips opportunities is easier to handle than actually lose some of my beloved shiny holy coins.  i keep watching, that is entertaining enough.

That is why you do not employ any of those leveraging tools, or margin or anything like that....  it is too risky, unless you are going to be really actively involved and you employ a bunch of off set strategies that cause you to win big for every 5 times that you end up losing... hahahahaha

stick to really simple and small and non leveraged (and later, you can increase the amounts, once you get a decent feeling for it)

fine if that works for you. i stick to hodling.  

you are the one who had been asking about strategies to protect yourself (or your BTC holdings from volatility)


And, also, you were suggesting some method that includes stop loss bullshit (which in essence is a kind of gambling - as you already seemed to acknowledge)

Also, if you sell an amount of BTC that is small enough, then you should not really give any kind of ratt's ass if you ever use those proceeds to buy back (in the event that you get left behind), because even if the price never ever comes back down again...  you still have plenty of BTC to get richie in the event that prices go up 2x, 5x, 10x, 100x.. or whatever is your thinking of upside price possibilities


So, yeah, such a strategy works for me, but it can work for anyone as long as that person picks numbers that are comfortable for them.... .. furthermore, it does not seem to be a good strategy to sell BTC at all when you are in early BTC accumulation stages.. or even if you feel that you are in BTC accumulation stages to establish a comfortable base stake in BTC.

[Oblodo]

So BTC is still down 3.74 % last 30 days.....

[PoolMinor]

PoolMinor is too bearish. Did he sell at the bottom?

quoted for when I am correct in the soonish drop followed by another small rise followed by another small drop, followed by a steady sideways before any to da moon scenario.

No I did not sell at the bottom. I buy on the way down and sell on the way up, simple strategy as a chartist trader.

[TeeBone]

Sellers looking for a reason to unload in this range me thinks, any blip out of china or something else and down she goes.

3 day macd turns green in a day or so, traders paying attention to that for sure.

[600watt]

you are the one who had been asking about strategies to protect yourself (or your BTC holdings from volatility)

And, also, you were suggesting some method that includes stop loss bullshit (which in essence is a kind of gambling - as you already seemed to acknowledge)

no. i wasn´t asking for strategies in my post. instead i was clearly asking:

so where would you armchair experts suggest a sweet spot for a stop loss ?

while i was asking that, there was a $30 drop which showed me live that it might not be a good idea at all.

you keep repeating your strategy which is totally ok with me if it works for you. i personally do not prefer your strategy - so i said:

fine if that works for you. i stick to hodling.  

it wasn´t me asking for a strategy, it was you rolling out your strategy. so please don´t turn around and open your post with this "you are the one..." rhetoric. because actually it was -as always

you.  

[Meuh6879]

LEGIT ...

[julian071]

1000$ / 7000 Yuan is starting to look like a support level.

[soullyG]

Yup, a couple more dumps to shore up support and we're going up, next target ATH?

[Ted E. Bare]

Last chance to buy under $1000 forever?!

[Arcteryx]

Yup, a couple more dumps to shore up support and we're going up, next target ATH?

So that's how it's done.
Interesting to know to get it to uptick by a couple of tenors to get it past the ATH.
Pretty sly.
But that isn't enough to keep it stable for the long run.
We need more whales to keep the rally going and not just small time buys to just have a drop in the bucket.

[minero1]

So BTC is still down 3.74 % last 30 days.....

And were back below $1000. It was not stable enough to keep it's head above water.

[jaberwock]

1000$ / 7000 Yuan is starting to look like a support level.

how can $1000/7000 be the support level if the maximum still little less than $1000 in most exchanges($1022 on Bitstamp) and btc-e has maximum of $999?

[Riddikulo]

[starmman]

Last chance to buy under $1000 forever?!

Will be great for BTC if that's the case. I guess we will see over the coming months were the price takes us - the momentum is certainly bullish right now

[LFC_Bitcoin]

Last chance to buy under $1000 forever?!

It could well have been, it's a real possibility. I hope so any way, I'd love $1,000 to be seen as a new floor.

[Paashaas]

Sub $1000 = cheapest price possible.

[DeathAngel]

Sub $1000 = cheapest price possible.

How far sub $1000 though, I hope we don't see anything stupid again like sub $900

[Torque]

Back above $1K, and not a single Average Joe around me knows anything more about Bitcoin/blockchain than they did in 2013, or even seems to care.  This is amazing.

Now I know why they call them "late adopters".  I don't blame the really old, the really young or the unborn. I blame the older, middle-aged folks who have money to invest, but are just too plain ignorant or scared to see the financial change tsunami that is coming.  By the time they finally look up, Bitcoin will be well north of $10K.

I remember my grandmother still writing physical checks for everything, 7-8 years after the rest of society had moved on to using the debit card. She finally used one a few years before she died, and I remember the look on her face.... she was blown away at the speed and convenience. Priceless.

I remember me getting on dial-up on the PC in my bedroom, when my parents though I was in there "hacking" ala War Games style.  They thought the internet was and always would be just a toy for nerds.

I remember carrying around a clunky Treo smartphone (which was actually smaller than your average smartphone today), when literally *everyone* had crappy flip phones and thought that smartphones were only for nerds.  Especially the women, lol.