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

[Lauda]

Whoever dumped, many thanks for the cheap coins. Keep the good work!

<gribble> Bitstamp | Total bids: 46034286 USD. Total asks: 1994 BTC. Ratio: 23074.89489 USD/BTC. | Data vintage: 0.0156 seconds

The buy side is hitting record highs every other day. I can't possibly figure out why someone would want to sell significant sums at this point, unless they're trying to game the market. There will be a lot of hurt people who sold this year.

[fluidjax]

Whoever dumped, many thanks for the cheap coins. Keep the good work!

<gribble> Bitstamp | Total bids: 46034286 USD. Total asks: 1994 BTC. Ratio: 23074.89489 USD/BTC. | Data vintage: 0.0156 seconds

The buy side is hitting record highs every other day. I can't possibly figure out why someone would want to sell significant sums at this point, unless they're trying to game the market. There will be a lot of hurt people who sold this year.

I think some people have preset exit points, such as when it reaches just under $5k, I'll sell x% which will allow me to say buy a car, or pay off my mortgage.
People have learnt from previous points ($1k) and decided to set their price point slightly under the round figure of $5k, I bet when we get near $10, people wil  have learnt from the $5K dumps and start even earlier.

Everyone knows that it will probably go up, but when you hit a life changing price target, you'd be mad to continue taking 100% risk.

But I'm still all in.

[heartastack]

Well, if you're smart you won't believe anything you read here

[Last of the V8s]

Well, if you're smart you won't believe anything you read here

wait, what? including what you wrote?

[becoin]

Everyone knows that it will probably go up, but when you hit a life changing price target, you'd be mad to continue taking 100% risk.

Everyone knows that holding dollar, euro, yen, pound and other fiat trash is nothing else but taking 100% risk. It is not just risk. It is stupidity because it is a sure loss. Holding bitcoins is the most successful escape from that risk!

Unless, as you say, they want very much to buy something tangible like car or house. But make no mistake! This car or this house will be the most expensive house they'll ever see throughout their entire life. For instance, I know people that sold their bitcoins at 750 euros to buy a bike. At that time I warned them that they're buying the most expensive bike they'll ever see!  

[Lauda]

I think some people have preset exit points, such as when it reaches just under $5k, I'll sell x% which will allow me to say buy a car, or pay off my mortgage.

Buy a car? Such an useless waste of money.

Everyone knows that it will probably go up, but when you hit a life changing price target, you'd be mad to continue taking 100% risk.

That is absolute horse shit. If you understand something better than the 99% of the population, then you should be going 110% in (of course, only if it makes sense to invest). The best time to buy Bitcoin was 7 years ago, the second best time is today. Quote me on this in 3 years and you will see whether going in 50% or 100% was the smarter choice.

[sirazimuth]

Friendly reminder....just btfd! 

[fluidjax]

Everyone knows that it will probably go up, but when you hit a life changing price target, you'd be mad to continue taking 100% risk.

Everyone knows that holding dollar, euro, yen, pound and other fiat trash is nothing else but taking 100% risk. It is not just risk. It is stupidity because it is a sure loss. Holding bitcoins is the most successful escape from that risk!

Unless, as you say, they want very much to buy something tangible like car or house. But make no mistake! This car or this house will be the most expensive house they'll ever see throughout their entire life. For instance, I know people that sold their bitcoins at 750 euros to buy a bike. At that time I warned them that they're buying the most expensive bike they'll ever see!  

Its like that game "Deal or no Deal", the best chance of a high return is always gained by going to the end and never swapping your box. But in reality its not always the best decision.

Another example, lets say you are fairly poor, and I gave you $100K, but  said your could win another $200k, on a 50/50 coin toss (Giving you a total of $300k if you win, $0 if you lose),
I don't think the decision is so easy.  
Your life is finite, so money now is sometimes better than a chance of more money the future, you just have to assess the amounts, probabilities and risk you want to accept.
  
 

[Meuh6879]

MEMpool is empty !

[fluidjax]

I think some people have preset exit points, such as when it reaches just under $5k, I'll sell x% which will allow me to say buy a car, or pay off my mortgage.

Buy a car? Such an useless waste of money.

Everyone knows that it will probably go up, but when you hit a life changing price target, you'd be mad to continue taking 100% risk.

That is absolute horse shit. If you understand something better than the 99% of the population, then you should be going 110% in (of course, only if it makes sense to invest). The best time to buy Bitcoin was 7 years ago, the second best time is today. Quote me on this in 3 years and you will see whether going in 50% or 100% was the smarter choice.

If you believe that it is 100% certain that Bitcoin will go up, then do it!
And spend the next X years, not enjoying the fruits of your capital.
Of course you might die before you cash out, and then you got no benefit from it at all.
But perhaps your youth means you don't believe in your own death yet.

[erre]

Everyone knows that it will probably go up, but when you hit a life changing price target, you'd be mad to continue taking 100% risk.

Everyone knows that holding dollar, euro, yen, pound and other fiat trash is nothing else but taking 100% risk. It is not just risk. It is stupidity because it is a sure loss. Holding bitcoins is the most successful escape from that risk!

Unless, as you say, they want very much to buy something tangible like car or house. But make no mistake! This car or this house will be the most expensive house they'll ever see throughout their entire life. For instance, I know people that sold their bitcoins at 750 euros to buy a bike. At that time I warned them that they're buying the most expensive bike they'll ever see!  

Its like that game "Deal or no Deal", the best chance of a high return is always gained by going to the end and never swapping your box. But in reality its not always the best decision.

Another example, lets say you are fairly poor, and I gave you $100K, but  said your could win another $200k, on a 50/50 coin toss (Giving you a total of $300k if you win, $0 if you lose),
I don't think the decision is so easy.  
Your life is finite, so money now is sometimes better than a chance of more money the future, you just have to assess the amounts, probabilities and risk you want to accept.
  
 

The choice is easy indeed: just give me that 100k, and I will later decide what to do with it, a 50% all in gamble seems not the wisest possible decision. I would instead invest them in bitcoin.

[Meuh6879]

There will be a lot of hurt people who sold this year.

Well :
1) it's good for the supply, the flux ...
2) it's good for the network because we don't want this kind of holder ...

[Meuh6879]

Everyone knows that it will probably go up, but when you hit a life changing price target, you'd be mad to continue taking 100% risk.

But I'm still all in.

Network (of money) is more safe than real life (printing money machine).
I'm with you !

[becoin]

Everyone knows that it will probably go up, but when you hit a life changing price target, you'd be mad to continue taking 100% risk.

Everyone knows that holding dollar, euro, yen, pound and other fiat trash is nothing else but taking 100% risk. It is not just risk. It is stupidity because it is a sure loss. Holding bitcoins is the most successful escape from that risk!

Unless, as you say, they want very much to buy something tangible like car or house. But make no mistake! This car or this house will be the most expensive house they'll ever see throughout their entire life. For instance, I know people that sold their bitcoins at 750 euros to buy a bike. At that time I warned them that they're buying the most expensive bike they'll ever see!  

Its like that game "Deal or no Deal", the best chance of a high return is always gained by going to the end and never swapping your box. But in reality its not always the best decision.

Another example, lets say you are fairly poor, and I gave you $100K, but  said your could win another $200k, on a 50/50 coin toss (Giving you a total of $300k if you win, $0 if you lose),
I don't think the decision is so easy.  
Your life is finite, so money now is sometimes better than a chance of more money the future, you just have to assess the amounts, probabilities and risk you want to accept.

You're missing something very important!

Bitcoin will change not only the world of Finance. Bitcoin will change the world of Consumerism! It will change how people think about what they consume! "Do I or my family really need this?" With Bitcoin there will be no more inflation to pay for your mindless consumption and seduce you into debt enslavement! With Bitcoin there will be heavy consequences for every consumption you don't really need! And that is excellent because planet Earth right in front of our eyes is rapidly turning into one giant waste dump!

[Meuh6879]

I prefer this ...   because of the crash, too.

+

  and i'm old, too.

[julian071]

Haha that looks expensive too!

Aaaand we're back @ 4k euro =D

[fluidjax]

Everyone knows that it will probably go up, but when you hit a life changing price target, you'd be mad to continue taking 100% risk.

Everyone knows that holding dollar, euro, yen, pound and other fiat trash is nothing else but taking 100% risk. It is not just risk. It is stupidity because it is a sure loss. Holding bitcoins is the most successful escape from that risk!

Unless, as you say, they want very much to buy something tangible like car or house. But make no mistake! This car or this house will be the most expensive house they'll ever see throughout their entire life. For instance, I know people that sold their bitcoins at 750 euros to buy a bike. At that time I warned them that they're buying the most expensive bike they'll ever see!  

Its like that game "Deal or no Deal", the best chance of a high return is always gained by going to the end and never swapping your box. But in reality its not always the best decision.

Another example, lets say you are fairly poor, and I gave you $100K, but  said your could win another $200k, on a 50/50 coin toss (Giving you a total of $300k if you win, $0 if you lose),
I don't think the decision is so easy.  
Your life is finite, so money now is sometimes better than a chance of more money the future, you just have to assess the amounts, probabilities and risk you want to accept.
  
 

The choice is easy indeed: just give me that 100k, and I will later decide what to do with it, a 50% all in gamble seems not the wisest possible decision. I would instead invest them in bitcoin.

Exactly, mathematically the best choice is to take the gamble, the odds (risk/reward) are in your favour.
But if that $100k  would change your life to a reasonable extent, you'd be crazy to take it.

And I think this thought process is directly applicable to people holding bitcoin.

[Lauda]

If you believe that it is 100% certain that Bitcoin will go up, then do it!

I did.

And spend the next X years, not enjoying the fruits of your capital.

Enjoying the fruits is for weak individuals who need *pleasure*.

Of course you might die before you cash out, and then you got no benefit from it at all.

I do not care.

But perhaps your youth means you don't believe in your own death yet.

Death or life is also irrelevant. The only thing that matters is Bitcoin.

There will be a lot of hurt people who sold this year.

Well :
1) it's good for the supply, the flux ...
2) it's good for the network because we don't want this kind of holder ...

Speculators are annoying, aren't they?

[becoin]

I can image other people saving their BTC to become rich. But I already feel rich, I just want to enjoy life right here and now.

Many people feel they are rich and all they have different ideas about life and different methods to attract attention of the opposite sex. The way you've chosen will not bring you too much quality!

[_javi_]

i remember from the old days that they said " 5 red candles on the 15m chart = dump"..

i hope it wont happen this time...