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

[fitty]

I got crushed today, $10,000s underwater. I don't think it is fun, and don't recommend shorting bitcoin.

Buy and hold.

Vladimir knows something you don't.

Why the fuck would you short bitcoin. There's been tons of buying pressure and obvious selling pressure trying to contain it (ask walls, not actually people wanting to sell). There's been a zillion bullish indicators, if you're shorting bitcoin right now you're blind.

[1714998452]

1714998452

[1714998452]

1714998452

[1714998452]

1714998452

[1714998452]

1714998452

[dohse]

https://i.imgur.com/VmF5CIO.png

$165.00
$166.00

[lebing]

I got crushed today, $10,000s underwater. I don't think it is fun, and don't recommend shorting bitcoin.

Buy and hold.

Vladimir knows something you don't.

Why the fuck would you short bitcoin. There's been tons of buying pressure and obvious selling pressure trying to contain it (ask walls, not actually people wanting to sell). There's been a zillion bullish indicators, if you're shorting bitcoin right now you're blind.

But, but all of the pretty lines were saying we were headed down...  

[awakening]

I got crushed today, $10,000s underwater. I don't think it is fun, and don't recommend shorting bitcoin.

Buy and hold.

Vladimir knows something you don't.

1500$ here.   Didn't thought It would surpass 165$ that easy, and that soon.

[cedivad]

Didn't shorted it, but i sold at 159.7;
Awaiting with calm to buy back in.

[Sword Smith]

I got crushed today, $10,000s underwater. I don't think it is fun, and don't recommend shorting bitcoin.

Buy and hold.

Vladimir knows something you don't.

Why the fuck would you short bitcoin. There's been tons of buying pressure and obvious selling pressure trying to contain it (ask walls, not actually people wanting to sell). There's been a zillion bullish indicators, if you're shorting bitcoin right now you're blind.

Take it easy. This guy has a fairly large stash of BTCs. He just sold a tiny portion

[DougTanner]

Hibernation just ended. Bears are waking up HUNGRY.

[Luis_GT]

I got crushed today, $10,000s underwater. I don't think it is fun, and don't recommend shorting bitcoin.

Buy and hold.

Vladimir knows something you don't.

1500$ here.   Didn't thought It would surpass 165$ that easy, and that soon.

On the other hand... I wish I had bought 2 grand worth of coins at 140 rather than just 500...

[rpietila]

I got crushed today, $10,000s underwater. I don't think it is fun, and don't recommend shorting bitcoin.

Buy and hold.

Vladimir knows something you don't.

Why the fuck would you short bitcoin. There's been tons of buying pressure and obvious selling pressure trying to contain it (ask walls, not actually people wanting to sell). There's been a zillion bullish indicators, if you're shorting bitcoin right now you're blind.

Y'know someone's got to sell, otherwise it is game over for the whole fiat economy, duh? 

[awakening]

I got crushed today, $10,000s underwater. I don't think it is fun, and don't recommend shorting bitcoin.

Buy and hold.

Vladimir knows something you don't.

1500$ here.   Didn't thought It would surpass 165$ that easy, and that soon.

On the other hand... I wish I had bought 2 grand worth of coins at 140 rather than just 500...

I sold some at 140.. So maybe you bought mines   

[thezerg]

I got crushed today, $10,000s underwater. I don't think it is fun, and don't recommend shorting bitcoin.

Buy and hold.

Vladimir knows something you don't.

Why the fuck would you short bitcoin. There's been tons of buying pressure and obvious selling pressure trying to contain it (ask walls, not actually people wanting to sell). There's been a zillion bullish indicators, if you're shorting bitcoin right now you're blind.

Y'know someone's got to sell, otherwise it is game over for the whole fiat economy, duh?  

I am also SOOOOO f**king smart.  I spent my trading cash Monday @125 with a plan to sell Wed evening GMT (a few hrs ago). Remember the cardinal rule:  STICK to your strategy!  So I stuck to it...  

rpietila: PMed you...

[crazy_rabbit]

I got crushed today, $10,000s underwater. I don't think it is fun, and don't recommend shorting bitcoin.

Buy and hold.

Vladimir knows something you don't.

oh man, why? Why would you short it? Sorry for that. That hurts.

[rpietila]

I think even 30% per week is unsustainable. That's why I shorted when it shot up about 20% per day. Long term I make money if I stick to this strategy.

Forgive me for my pathetic attempts to talk the price down. I am better at the opposite:

"Study the price behaviour for 7/2010-6/2011 if you want to have a million dollars."

[rpietila]

rpietila: PMed you...

Did not receive PM 

Thank you all for taking care of me. I still have more bitcoins than most of you, and I feel fine. See my diary for details.

[crazy_rabbit]

I think even 30% per week is unsustainable. That's why I shorted when it shot up about 20% per day. Long term I make money if I stick to this strategy.

Forgive me for my pathetic attempts to talk the price down. I am better at the opposite:

"Study the price behaviour for 7/2010-6/2011 if you want to have a million dollars."

Well you are right on that point, 30% is unsustainable. However bitcoin has a habit of peaking and crashing a bit higher then it peaked/crashed before. I think the market is too young to really come away with any more knowledge about the market then your intuition can give you. Even the way the gox engine works this week is different from two weeks ago- and that stuff makes a big difference. The market isn't mature enough to know whats happening. Today it's worth a billion, but what will long term stability show it's worth? 100 billion? 500 billion?

[rpietila]

I think even 30% per week is unsustainable. That's why I shorted when it shot up about 20% per day. Long term I make money if I stick to this strategy.

Forgive me for my pathetic attempts to talk the price down. I am better at the opposite:

"Study the price behaviour for 7/2010-6/2011 if you want to have a million dollars."

Well you are right on that point, 30% is unsustainable. However bitcoin has a habit of peaking and crashing a bit higher then it peaked/crashed before. I think the market is too young to really come away with any more knowledge about the market then your intuition can give you. Even the way the gox engine works this week is different from two weeks ago- and that stuff makes a big difference. The market isn't mature enough to know whats happening. Today it's worth a billion, but what will long term stability show it's worth? 100 billion? 500 billion?

Long term it is worth no more than $10,000 billion, and this is the most important thing to remember.

DO NOT BUY AT ANYTHING OVER $300K FOR THERE IS A REALISTIC RISK THAT IT IS A BUBBLE AND YOU LOSE.

You still have plenty of time to buy, as short-term anything over 30% per week is unsustainable.

That is 0.15% per hour, folks. Why would you buy after a 30% daily gain. I will not close my short at a profit for sure but I don't think we go to $200 today, LOL.

[crazy_rabbit]

I think even 30% per week is unsustainable. That's why I shorted when it shot up about 20% per day. Long term I make money if I stick to this strategy.

Forgive me for my pathetic attempts to talk the price down. I am better at the opposite:

"Study the price behaviour for 7/2010-6/2011 if you want to have a million dollars."

Well you are right on that point, 30% is unsustainable. However bitcoin has a habit of peaking and crashing a bit higher then it peaked/crashed before. I think the market is too young to really come away with any more knowledge about the market then your intuition can give you. Even the way the gox engine works this week is different from two weeks ago- and that stuff makes a big difference. The market isn't mature enough to know whats happening. Today it's worth a billion, but what will long term stability show it's worth? 100 billion? 500 billion?

Long term it is worth no more than $10,000 billion, and this is the most important thing to remember.

DO NOT BUY AT ANYTHING OVER $300K FOR THERE IS A REALISTIC RISK THAT IT IS A BUBBLE AND YOU LOSE.

You still have plenty of time to buy, as short-term anything over 30% per week is unsustainable.

That is 0.15% per hour, folks. Why would you buy after a 30% daily gain. I will not close my short at a profit for sure but I don't think we go to $200 today, LOL.

Is that $10,000 per bitcoin or $10,000 BILLION dollars IE: $10,000,000,000,000?

[rpietila]

$10,000B market cap

[Kazu]

Small correction to sub-$165 levels.

[Sword Smith]

I think even 30% per week is unsustainable. That's why I shorted when it shot up about 20% per day. Long term I make money if I stick to this strategy.

Forgive me for my pathetic attempts to talk the price down. I am better at the opposite:

"Study the price behaviour for 7/2010-6/2011 if you want to have a million dollars."

Well you are right on that point, 30% is unsustainable. However bitcoin has a habit of peaking and crashing a bit higher then it peaked/crashed before. I think the market is too young to really come away with any more knowledge about the market then your intuition can give you. Even the way the gox engine works this week is different from two weeks ago- and that stuff makes a big difference. The market isn't mature enough to know whats happening. Today it's worth a billion, but what will long term stability show it's worth? 100 billion? 500 billion?

Long term it is worth no more than $10,000 billion, and this is the most important thing to remember.

DO NOT BUY AT ANYTHING OVER $300K FOR THERE IS A REALISTIC RISK THAT IT IS A BUBBLE AND YOU LOSE.

You still have plenty of time to buy, as short-term anything over 30% per week is unsustainable.

That is 0.15% per hour, folks. Why would you buy after a 30% daily gain. I will not close my short at a profit for sure but I don't think we go to $200 today, LOL.

Is that $10,000 per bitcoin or $10,000 BILLION dollars IE: $10,000,000,000,000?

USD 10,000bn
3*10^5*2.1*10^7 USD = 6.3* 10^12 USD = 6tr USD