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

[Hyperjacked]

Ignored... Love that button! Bye yobit scammers

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[julian071]

At least it didn't take a year to crash like last time. That was brutal.

It sure was =(. Oh, the wailing....

[ARTISTCOLONY]

Ignored... Love that button! Bye yobit scammers

https://image.slidesharecdn.com/bitcoinblockchainfriends-161115211452/95/bitcoin-blockchain-for-friends-29-638.jpg?cb=1479244616

 


lmaooo

[Hyperjacked]

At least it didn't take a year to crash like last time. That was brutal.

It sure was =(. Oh, the wailing....

Not if you have been buying every month from 2012-2016  

Dollar cost averaging... Gotta love it

[criptix]

Ahh i see many noobs got burned  

The next generation of hodlers are being made right now  

Sadly 2 k seems not to hold :/

[BlindMayorBitcorn]

At least it didn't take a year to crash like last time. That was brutal.

It sure was =(. Oh, the wailing....

Not if you have been buying every month from 2012-2016  

Dollar cost averaging... Gotta love it

[Richy_T]

So it turns out that the reappearance of Richy_T was a strong sell indicator

(Nothing personal mate, just a joke...)

Though possibly also true

[Bitcoinaire]

That was a nice bounce, we consolidate here and the next leg up is around the corner.

[toknormal]

Textbook propellor correction visible on the Bitcoin 1-Day and 3-Day charts.

Overheat fan activated to cool things down for a bit.

Perfection.

See earlier in the thread for full commentary on propellor fan-corrections:

Here and Here.

[NUFCrichard]

At least it didn't take a year to crash like last time. That was brutal.

It sure was =(. Oh, the wailing....

Not if you have been buying every month from 2012-2016  

Dollar cost averaging... Gotta love it

Dollar cost averaging is for people who can't see when the prices are high or low, so blindly invest regardless what the price is.
Why not save and invest at prudent moments?  Like now instead of 2 days ago.  2 days ago it looked far more dangerous than it doesn now.

It still could go down from here, but it is less likely.

I bought in between $200-300 and haven't bought since.

[practicaldreamer]

Dollar cost averaging is for people who can't see when the prices are high or low, so blindly invest regardless what the price is.
Why not save and invest at prudent moments?  Like now instead of 2 days ago.  2 days ago it looked far more dangerous than it doesn now.

It still could go down from here, but it is less likely.

I bought in between $200-300 and haven't bought since.

Great advice - don't try to spread the risk. Just go on instinct. And, if possible, buy at $200.

Easy to be a wise man with hinsight.

Missed a trick though - should have bought at $5

[kurious]

Dollar cost averaging is for people who can't see when the prices are high or low, so blindly invest regardless what the price is.
Why not save and invest at prudent moments?  Like now instead of 2 days ago.  2 days ago it looked far more dangerous than it doesn now.

It still could go down from here, but it is less likely.

I bought in between $200-300 and haven't bought since.

Great advice - don't try to spread the risk. Just go on instinct. And, if possible, buy at $200.

Easy to be a wise man with hinsight.

To be fair, it was not hindsight, it was foresight.

[practicaldreamer]

Dollar cost averaging is for people who can't see when the prices are high or low, so blindly invest regardless what the price is.
Why not save and invest at prudent moments?  Like now instead of 2 days ago.  2 days ago it looked far more dangerous than it doesn now.

It still could go down from here, but it is less likely.

I bought in between $200-300 and haven't bought since.

Great advice - don't try to spread the risk. Just go on instinct. And, if possible, buy at $200.

Easy to be a wise man with hinsight.

To be fair, it was not hindsight, it was foresight.

It was you being lucky and bragging about it.

And then offering bad advice.

[Nagadota]

Dollar cost averaging is for people who can't see when the prices are high or low, so blindly invest regardless what the price is.
Why not save and invest at prudent moments?  Like now instead of 2 days ago.  2 days ago it looked far more dangerous than it doesn now.

It still could go down from here, but it is less likely.

I bought in between $200-300 and haven't bought since.

Great advice - don't try to spread the risk. Just go on instinct. And, if possible, buy at $200.

Easy to be a wise man with hinsight.

To be fair, it was not hindsight, it was foresight.

It was you being lucky and bragging about it.

And then offering bad advice.

Buying at a time when the value of Bitcoin went way lower than it should have was hardly luck, more like basic intelligence.  

Just buy the dip every time (or the crash if you get that opportunity).

[jbreher]

One single person/entity on Bitfinex has controlled the entire bitcoin market from $200 till now.  

Your provocative assertion would benefit from a listing of evidence and/or supporting rationale.

[practicaldreamer]

Dollar cost averaging is for people who can't see when the prices are high or low, so blindly invest regardless what the price is.
Why not save and invest at prudent moments?  Like now instead of 2 days ago.  2 days ago it looked far more dangerous than it doesn now.

It still could go down from here, but it is less likely.

I bought in between $200-300 and haven't bought since.

Great advice - don't try to spread the risk. Just go on instinct. And, if possible, buy at $200.

Easy to be a wise man with hinsight.

To be fair, it was not hindsight, it was foresight.

It was you being lucky and bragging about it.

And then offering bad advice.

Buying at a time when the value of Bitcoin went way lower than it should have was hardly luck, more like basic intelligence.  

Just buy the dip every time (or the crash if you get that opportunity).

If you can call the tops - and the bottoms - then you are a better man than 99.9% on here.

For the rest of mankind cost averaging doesn't seem like a bad strategy to me.

[jbreher]

Loompaland?

I got to fly in a WWII B-17 Bomber plane a few days ago. Fun factoid (perhaps apocryphal) imparted by the plane's crew -



This plane was built in Burbank. There are multitudinous small spaces requiring detailed assembly operations within. Several of the diminutive actors from The Wizard Of Oz were employed on this plane's assembly line, as they could reach the crevices that others could not.

We now return you to your regularly scheduled scaling argument...

edit: upon reflection, the proper reference should have been Munchkinland, not Loompaland. c'est la guerre.

[jbreher]

Ehh well a $10MM market sell would probably devastate a small market cap company, AAPL (apple) would barely notice it

MarketCap_BTC/MarketCap_AAPL ~= 4%. Respectable.

[sirazimuth]

Dollar cost averaging is for people who can't see when the prices are high or low, so blindly invest regardless what the price is.
Why not save and invest at prudent moments?  Like now instead of 2 days ago.  2 days ago it looked far more dangerous than it doesn now.

It still could go down from here, but it is less likely.

I bought in between $200-300 and haven't bought since.

Great advice - don't try to spread the risk. Just go on instinct. And, if possible, buy at $200.

Easy to be a wise man with hinsight.

To be fair, it was not hindsight, it was foresight.

It was you being lucky and bragging about it.

And then offering bad advice.

Buying at a time when the value of Bitcoin went way lower than it should have was hardly luck, more like basic intelligence.  

Just buy the dip every time (or the crash if you get that opportunity).

If you can call the tops - and the bottoms - then you are a better man than 99.9% on here.

For the rest of mankind cost averaging doesn't seem like a bad strategy to me.

agreed,  been auto weekly buying  for past 3 years. Have done very well. Could have done even better
if i had stuck to my guns and not sold at what i thought was incoming crash that turned into a pump and vice versa.
aka... i suck at trading.  i just buy and hodle .

[yefi]

If you can call the tops - and the bottoms - then you are a better man than 99.9% on here.

For the rest of mankind cost averaging doesn't seem like a bad strategy to me.

You don't need to call tops or bottoms. If you did, you could have restocked at $155. It's more a case of aligning probabilities. I haven't bought for myself since $300 either, but I did have money allocated for a sub-$100 panic (which never materialized).

I guess a cost-averaging strategy isn't a bad idea for the other 99% however.