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

[abz99]

Next difficulty increase is 7 hours away, bitcoin bulls are making their best, will 1135 be broken? http://zentrade.online/bitcoinusd-price-action-analysis-bitmex-perpetual-swap-xbtusd-update-20170204/

[Ted E. Bare]

Go bitcoin go!

[JimboToronto]

Go bitcoin go!

[gembitz]

Next difficulty increase is 7 hours away, bitcoin bulls are making their best, will 1135 be broken? http://zentrade.online/bitcoinusd-price-action-analysis-bitmex-perpetual-swap-xbtusd-update-20170204/

^diff increase and we are breaking through Gold price! wow this is wild! :-D

[Hyperjacked]

Go bitcoin go!

Hey Mrpumpertis !!!

Where u at playa ...?

Btc going huge...

[JimboToronto]

Where u at playa ...?

Bag holding.



 

[Wolf Rainer]

Come on, we need more volatility  

BTC//^$1200 soon!!        weeeeeeeee

Not to soon, but in the best case scenario if the markets hold for the whole weekend then we can see the price growing steady and hit the 1200 mark in the next week. But theres some big resistences at 1100 and 1150, so its better to not hurry and watch the show without getting involved just letting the Chineses do they work.

[Chef Ramsay]

I have a feeling we're going to see some more downside soon so as to create a triangle whch will breakout sometime in a month or two

If you and masterluc are right about this, we could be in the final run of the bulls followed by some red dragons and purgatory before we resume upward liftoff. Fiat at the ready, keeping powder dry. That said, the world is changing before our eyes so anything could or could not happen according to normal market flows.

[Hyperjacked]

I have a feeling we're going to see some more downside soon so as to create a triangle whch will breakout sometime in a month or two

If you and masterluc are right about this, we could be in the final run of the bulls followed by some red dragons and purgatory before we resume upward liftoff. Fiat at the ready, keeping powder dry. That said, the world is changing before our eyes so anything could or could not happen according to normal market flows.

Red dragons... ? What's next Hell's Kitchen ...?

Disclaimer: I've been buying with both hands for months

[harrymmmm]

I am an IT guy but when I first heard about Bitcoin I was defensive because I thought gold was the answer.

To this day I have not gone through all of the source code. But I did read the white paper and that got me.

Maybe some IT people might be hesitant because they understand how vulnerable most computers are.

I think it's more your economic views than your views on digital tech.

Understanding by IT people is, I think, dependent on a bit of knowledge of how cryptography works. The idea that your money can be safe by just ensuring a key is safe, etc ... I'm sure the knowledge that computers are so hard to secure feeds into it, but that crypto understanding is still a rare thing.

Agree with the economic views being important.

[ssmc2]

I have a feeling we're going to see some more downside soon so as to create a triangle whch will breakout sometime in a month or two

If you and masterluc are right about this, we could be in the final run of the bulls followed by some red dragons and purgatory before we resume upward liftoff. Fiat at the ready, keeping powder dry. That said, the world is changing before our eyes so anything could or could not happen according to normal market flows.

Word

[notme]

I've not met anyone who works in technology that didn't get it after reading the white paper (see sig if you haven't read it yet).  Most deniers simply haven't taken the time to learn what it is.  Unfortunately, the white paper is no longer front and center when you google bitcoin.

[becoin]

Fiat at the ready, keeping powder dry.

If you want to keep your powder dry keep your wealth in bitcoins, not in fiat!

[JayJuanGee]

Fiat at the ready, keeping powder dry.

If you want to keep your powder dry keep your wealth in bitcoins, not in fiat!

Yeah, but we gotta snap into reality that the world still remains dominated by fiat, no?

It could be possible that you do not understand the concept of "keeping some dry powder", no?

It seems to be a bit too lopsided to have 100% invested in bitcoin, and maybe you do not mean that?  It also would seem to be a bit imprudent to not have any fiat-related investments, no?  Maybe that depends on age, but I would argue that even if you feel that you are really young and have not really had time to build diversification in your investments, it still may be prudent to hedge a little bit - because we know that bitcoin prices have been volatile and bitcoin prices are likely to continue to be volatile.  

It surely seems that bitcoin will become a bit less volatile as the market cap goes up, but the fact of the matter remains that the price of this asset class (aka bitcoin) can be manipulated with a relatively small amount of capital - give us another 100x in price appreciation (and increase in market cap), then it will become a lot harder (relatively) to manipulate - and volatility will decrease.

In my case, I currently have a fund dedicated to bitcoin investment, and sure I would like to be at 100% in that fund, especially when the prices are going up, but I would get a bit stressed out if I were 100% in that fund because when the price starts going down, the roller coaster can be a bit much to bear, because you can never really be sure about how long and how far the price is going to go down, and therefore within my bitcoin investment fund, I am currently about 93% in bitcoin and 7% in fiat.....

I also have to tweak my bitcoin investment fund from time to time here and there to continue to feel comfortable.. while attempting to keep some "dry powder," as they say, just in case we get a decent price drop.   I even buy with price drops as small as 3%, but then if the price drops 35%, which it recently did - remember mid January?, then it is much more comfortable to have some ability to buy some BTC back with already allocated bitcoin funds and not having to scramble to come up with funds at the last minute.  

[600watt]

Fiat at the ready, keeping powder dry.

If you want to keep your powder dry keep your wealth in bitcoins, not in fiat!

Yeah, but we gotta snap into reality that the world still remains dominated by fiat, no?

It could be possible that you do not understand the concept of "keeping some dry powder", no?

It seems to be a bit too lopsided to have 100% invested in bitcoin, and maybe you do not mean that?  It also would seem to be a bit imprudent to not have any fiat-related investments, no?  Maybe that depends on age, but I would argue that even if you feel that you are really young and have not really had time to build diversification in your investments, it still may be prudent to hedge a little bit - because we know that bitcoin prices have been volatile and bitcoin prices are likely to continue to be volatile.  

It surely seems that bitcoin will become a bit less volatile as the market cap goes up, but the fact of the matter remains that the price of this asset class (aka bitcoin) can be manipulated with a relatively small amount of capital - give us another 100x in price appreciation (and increase in market cap), then it will become a lot harder (relatively) to manipulate - and volatility will decrease.

In my case, I currently have a fund dedicated to bitcoin investment, and sure I would like to be at 100% in that fund, especially when the prices are going up, but I would get a bit stressed out if I were 100% in that fund because when the price starts going down, the roller coaster can be a bit much to bear, because you can never really be sure about how long and how far the price is going to go down, and therefore within my bitcoin investment fund, I am currently about 93% in bitcoin and 7% in fiat.....

I also have to tweak my bitcoin investment fund from time to time here and there to continue to feel comfortable.. while attempting to keep some "dry powder," as they say, just in case we get a decent price drop.   I even buy with price drops as small as 3%, but then if the price drops 35%, which it recently did - remember mid January?, then it is much more comfortable to have some ability to buy some BTC back with already allocated bitcoin funds and not having to scramble to come up with funds at the last minute.  

why didn´t you just buy those 35%drop coins three months earlier, when they were under $600? don´t you end up with less coins that way?

[JayJuanGee]

Fiat at the ready, keeping powder dry.

If you want to keep your powder dry keep your wealth in bitcoins, not in fiat!

Yeah, but we gotta snap into reality that the world still remains dominated by fiat, no?

It could be possible that you do not understand the concept of "keeping some dry powder", no?

It seems to be a bit too lopsided to have 100% invested in bitcoin, and maybe you do not mean that?  It also would seem to be a bit imprudent to not have any fiat-related investments, no?  Maybe that depends on age, but I would argue that even if you feel that you are really young and have not really had time to build diversification in your investments, it still may be prudent to hedge a little bit - because we know that bitcoin prices have been volatile and bitcoin prices are likely to continue to be volatile.  

It surely seems that bitcoin will become a bit less volatile as the market cap goes up, but the fact of the matter remains that the price of this asset class (aka bitcoin) can be manipulated with a relatively small amount of capital - give us another 100x in price appreciation (and increase in market cap), then it will become a lot harder (relatively) to manipulate - and volatility will decrease.

In my case, I currently have a fund dedicated to bitcoin investment, and sure I would like to be at 100% in that fund, especially when the prices are going up, but I would get a bit stressed out if I were 100% in that fund because when the price starts going down, the roller coaster can be a bit much to bear, because you can never really be sure about how long and how far the price is going to go down, and therefore within my bitcoin investment fund, I am currently about 93% in bitcoin and 7% in fiat.....

I also have to tweak my bitcoin investment fund from time to time here and there to continue to feel comfortable.. while attempting to keep some "dry powder," as they say, just in case we get a decent price drop.   I even buy with price drops as small as 3%, but then if the price drops 35%, which it recently did - remember mid January?, then it is much more comfortable to have some ability to buy some BTC back with already allocated bitcoin funds and not having to scramble to come up with funds at the last minute.  

why didn´t you just buy those 35%drop coins three months earlier, when they were under $600? don´t you end up with less coins that way?

If you are serious rather than trolling, then maybe I should attempt to respond to your question: however, I am getting the sense that you do not quite understand the concept of incrementalism, and you are just asking to be a pain in the ass while you remain in your continued gambling all or nothing mindset... and also a bit stubborn about your own risky practices... even though they seem to stress you out a bit more than you would like (as I can tell from some of your previous posts)

Let me see if I can address this proposition somewhat...

When you buy and sell incrementally, with the vast majority of your BTC allocated funds, you are not trying to prediction the price direction of the market and therefore, you mechanically apply the incrementalist principles that you have established for yourself and for your own situation.  Sure you do not make as much money as those persons who actually go all in and predict the price direction correctly, but an underlying assumption is that it is too difficult and too risky to attempt to predict the price direction, and in the long run incrementalism will pay off more than attempting to predict because when you attempt to engage in price predictions you stand to lose more overall by the times that you predict wrong as compared to the times that you predict correctly.

By the way, I don't completely exclude myself from price prediction practices, but about 90% of my ongoing trading practice is to mechanically stick with incrementalism type principles that are tailored to my situation and to apply those principles fairly strictly.. so I am only playing around with a small portion of my trading funds.. and in the end, my BTC portfolio consistently does quite well, and mostly because I stick largely with incrementalism - even though from time to time, I continue to hone my practices to better tailor to my own personal comfort levels (which likely applies slightly differently with each person who attempts such).

[600watt]

If you are serious rather than trolling, then maybe I should attempt to respond to your question: however, I am getting the sense that you do not quite understand the concept of incrementalism, and you are just asking to be a pain in the ass while you remain in your continued gambling all or nothing mindset... and also a bit stubborn about your own risky practices... even though they seem to stress you out a bit more than you would like (as I can tell from some of your previous posts)

(snip)

thanks for taking the time explaining it. if you would - on top of that - have left out your usual assholelishness i would probably not regret having asked (and beware: even quoted you)

back on ignore.

[Meuh6879]

Are you ready to fuck the GOLD price ?

[JayJuanGee]

If you are serious rather than trolling, then maybe I should attempt to respond to your question: however, I am getting the sense that you do not quite understand the concept of incrementalism, and you are just asking to be a pain in the ass while you remain in your continued gambling all or nothing mindset... and also a bit stubborn about your own risky practices... even though they seem to stress you out a bit more than you would like (as I can tell from some of your previous posts)

(snip)

thanks for taking the time explaining it. if you would - on top of that - have left out your usual assholelishness i would probably not regret having asked (and beware: even quoted you)

back on ignore.

It is not called "assholelisheness" based on the tone that you created (and therefore asked for) in your several posts, and your seeming attempts to chide.

But, otherwise, I have no problem sharing information and strategies, even if we might have differing approaches and thoughts regarding some of these  kinds of matters.

[becoin]

Fiat at the ready, keeping powder dry.

If you want to keep your powder dry keep your wealth in bitcoins, not in fiat!

Yeah, but we gotta snap into reality that the world still remains dominated by fiat, no?

It could be possible that you do not understand the concept of "keeping some dry powder", no?

It seems to be a bit too lopsided to have 100% invested in bitcoin, and maybe you do not mean that?  It also would seem to be a bit imprudent to not have any fiat-related investments, no?  Maybe that depends on age, but I would argue that even if you feel that you are really young and have not really had time to build diversification in your investments, it still may be prudent to hedge a little bit - because we know that bitcoin prices have been volatile and bitcoin prices are likely to continue to be volatile.  

It surely seems that bitcoin will become a bit less volatile as the market cap goes up, but the fact of the matter remains that the price of this asset class (aka bitcoin) can be manipulated with a relatively small amount of capital - give us another 100x in price appreciation (and increase in market cap), then it will become a lot harder (relatively) to manipulate - and volatility will decrease.

In my case, I currently have a fund dedicated to bitcoin investment, and sure I would like to be at 100% in that fund, especially when the prices are going up, but I would get a bit stressed out if I were 100% in that fund because when the price starts going down, the roller coaster can be a bit much to bear, because you can never really be sure about how long and how far the price is going to go down, and therefore within my bitcoin investment fund, I am currently about 93% in bitcoin and 7% in fiat.....

I also have to tweak my bitcoin investment fund from time to time here and there to continue to feel comfortable.. while attempting to keep some "dry powder," as they say, just in case we get a decent price drop.   I even buy with price drops as small as 3%, but then if the price drops 35%, which it recently did - remember mid January?, then it is much more comfortable to have some ability to buy some BTC back with already allocated bitcoin funds and not having to scramble to come up with funds at the last minute.  

why didn´t you just buy those 35%drop coins three months earlier, when they were under $600? don´t you end up with less coins that way?

He did end up with less coins, of course. But that is the price he paid for his daily doze of adrenaline by "trading" bitcoins...