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

[sirazimuth]

Time to buy me a gold coin or two.
They just got a lot cheaper in bitcoin....

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[Aqualung89]

As long as this Ascension continues it means that the Countdown to Altcoins will begin. Who knows how much higher, but will continue to see what the process will show.

[JayJuanGee]

Well then, we hit another selling point for me. Now if only we could have a nice little drop, say 10% or so, that would be nice.

Sounds like you sold too much if you are hoping for a reversal at the point that you sold.       

[JayJuanGee]

Don't abuse me, but I'm guessing we're heading back towards $4500 in the next 48 hours... Buy wall will vanish any time now.

...and again, don't abuse me!

Nah... reversals do not happen like that...   The UP has to be worked a little bit more before the DOWN is relevant...


I am sorry for your loss, hopefully you can buy back in before it is too late.

[jojo69]

[vroom]

I think this raise will not stop before the b2x fork. maybe it will slow down, but people will not sell their bitcoin and miss out these other free new coins.

[gembitz]

I think this raise will not stop before the b2x fork. maybe it will slow down, but people will not sell their bitcoin and miss out these other free new coins.

$10,000 is in the cards ~ will it happen by halloween?    weeeee

[Karartma1]

you win! epic! gonna print it and put it in my office!
I'm tired of all my noobish colleagues coming to me and ask: how do I buy Bitcoin?
I often reply: bitcoin is not for you, go back to PowerPoint.

Oh by the way, I think micgoossens contest should continue: this is history in the making!

[Ibian]

Well then, we hit another selling point for me. Now if only we could have a nice little drop, say 10% or so, that would be nice.

Sounds like you sold too much if you are hoping for a reversal at the point that you sold.       

Nope, sold exactly as much as I wanted and planned to for going on four years now. I just want more.

[Ibian]

Holy shit dude that's fucking surreal.

[player99]

Holy shit dude that's fucking surreal.

Nice one, "silver certificate", this reminds me to buy some silver tomorrow

[gembitz]

buy bitcoin now!~ jgarzik gaurntees x2 or your munys back weeee

[JayJuanGee]

Well then, we hit another selling point for me. Now if only we could have a nice little drop, say 10% or so, that would be nice.

Sounds like you sold too much if you are hoping for a reversal at the point that you sold.       

Nope, sold exactly as much as I wanted and planned to for going on four years now. I just want more.

Sure, when BTC prices are going up and break through resistance, it can end up exploding upwards... so maybe you set your order (or your BTC sell point) several months ago, or even years ago.. however, when the sell point gets here (which it did), and it ends up being at a place in which the price has broken through a resistance point.. that is kind of upwardly explosive, then the trend remains up and does not seem so likely that it is just going to stop (even though it could because anything is possible in bitcoinlandia). 

Anyhow,.. it seems a bit unrealistic or ill-informed to expect a 10% correction within the neighborhood of your sell point under these kinds of current conditions... so therefore I am saying that your wishing against the trend or the likelihood seems that you may have sold too early or too much and that you are gambling and greedy... Good for you, but it seems a bit much to expect the whole market to readjust to whatever you had done --- wishful thinking... and therefore, I am again saying that if you have that much emotion in the matter, especially when the odds seem a bit against what you are hoping for, then it still seems that you likely have overplayed your hand a bit - unless your really believe that the odds are good for a reversal at this particular point and within this particular context.

It is seeming to me that it is decently likely that we are going to at least get into the $5450 to $5850 territory - before a correction becomes more plausible.. and maybe we will get a small one at that point before proceeding to the next resistance range of about $6800 to $7600?

[gembitz]

Well then, we hit another selling point for me. Now if only we could have a nice little drop, say 10% or so, that would be nice.

Sounds like you sold too much if you are hoping for a reversal at the point that you sold.      

Nope, sold exactly as much as I wanted and planned to for going on four years now. I just want more.

Sure, when BTC prices are going up and break through resistance, it can end up exploding upwards... so maybe you set your order (or your BTC sell point) several months ago, or even years ago.. however, when the sell point gets here (which it did), and it ends up being at a place in which the price has broken through a resistance point.. that is kind of upwardly explosive, then the trend remains up and does not seem so likely that it is just going to stop (even though it could because anything is possible in bitcoinlandia).  

Anyhow,.. it seems a bit unrealistic or ill-informed to expect a 10% correction within the neighborhood of your sell point under these kinds of current conditions... so therefore I am saying that your wishing against the trend or the likelihood seems that you may have sold too early or too much and that you are gambling and greedy... Good for you, but it seems a bit much to expect the whole market to readjust to whatever you had done --- wishful thinking... and therefore, I am again saying that if you have that much emotion in the matter, especially when the odds seem a bit against what you are hoping for, then it still seems that you likely have overplayed your hand a bit - unless your really believe that the odds are good for a reversal at this particular point and within this particular context.

It is seeming to me that it is decently likely that we are going to at least get into the $5450 to $5850 territory - before a correction becomes more plausible.. and maybe we will get a small one at that point before proceeding to the next resistance range of about $6800 to $7600?

bitcoin going to $10,000 this year imho why i have nooo idea weeeee

[JayJuanGee]

Example 1:

Time to buy me a gold coin or two.
They just got a lot cheaper in bitcoin....

Example 2:

[https://hardforum.com/attachments/dl8m73pvoaa-uwq-jpg.39418/[/img]

Holy shit dude that's fucking surreal.

Nice one, "silver certificate", this reminds me to buy some silver tomorrow

We got a couple guys coming in here posting about hedging with gold and silver and therefore suggesting that there can be some value in PM diversity.

I cannot really deny that it may be a decent practice to skim off a little off the top, here and there, to place value in some other assets... possibly without losing sight of the prize... that is bitcoin... so possibly some long term diversification can be o.k.. .and maybe there could be some question about whether you have enough liquid assets (such as cash) to buy back bitcoin during inevitable dips... again keeping your eyes on the prize, which is bitcoin... One of the problems with the "inevitable" dips in bitcoin could be that we get to $13k or some number like that before we actually get a decently sized correction - 30% or so.. even though buying 10% corrections is not necessarily bad either as long as you have been incrementally selling BTC on the way up.

[gembitz]

Example 1:

Time to buy me a gold coin or two.
They just got a lot cheaper in bitcoin....

Example 2:

[https://hardforum.com/attachments/dl8m73pvoaa-uwq-jpg.39418/[/img]

Holy shit dude that's fucking surreal.

Nice one, "silver certificate", this reminds me to buy some silver tomorrow

We got a couple guys coming in here posting about hedging with gold and silver and therefore suggesting that there can be some value in PM diversity.

I cannot really deny that it may be a decent practice to skim off a little off the top, here and there, to place value in some other assets... possibly without losing sight of the prize... that is bitcoin... so possibly some long term diversification can be o.k.. .and maybe there could be some question about whether you have enough liquid assets (such as cash) to buy back bitcoin during inevitable dips... again keeping your eyes on the prize, which is bitcoin... One of the problems with the "inevitable" dips in bitcoin could be that we get to $13k or some number like that before we actually get a decently sized correction - 30% or so.. even though buying 10% corrections is not necessarily bad either as long as you have been incrementally selling BTC on the way up.

whoever followed roachtards advice around $2000 is hella rekt lols

[player99]

Yes, I would suggest 70% btc, 10% solid dividend paying stocks, 10% cash, 3% alts, 3% silver, 3% gold and some 1% in collectables

[gembitz]

Yes, I would suggest 70% btc, 10% solid dividend paying stocks, 10% cash, 3% alts, 3% silver, 3% gold and some 1% in collectables

all into bitcoin you moron >.> go sell farm , hogs, wife ~ buy magical internet muny weeee

[JayJuanGee]

Well then, we hit another selling point for me. Now if only we could have a nice little drop, say 10% or so, that would be nice.

Sounds like you sold too much if you are hoping for a reversal at the point that you sold.      

Nope, sold exactly as much as I wanted and planned to for going on four years now. I just want more.

Sure, when BTC prices are going up and break through resistance, it can end up exploding upwards... so maybe you set your order (or your BTC sell point) several months ago, or even years ago.. however, when the sell point gets here (which it did), and it ends up being at a place in which the price has broken through a resistance point.. that is kind of upwardly explosive, then the trend remains up and does not seem so likely that it is just going to stop (even though it could because anything is possible in bitcoinlandia).  

Anyhow,.. it seems a bit unrealistic or ill-informed to expect a 10% correction within the neighborhood of your sell point under these kinds of current conditions... so therefore I am saying that your wishing against the trend or the likelihood seems that you may have sold too early or too much and that you are gambling and greedy... Good for you, but it seems a bit much to expect the whole market to readjust to whatever you had done --- wishful thinking... and therefore, I am again saying that if you have that much emotion in the matter, especially when the odds seem a bit against what you are hoping for, then it still seems that you likely have overplayed your hand a bit - unless your really believe that the odds are good for a reversal at this particular point and within this particular context.

It is seeming to me that it is decently likely that we are going to at least get into the $5450 to $5850 territory - before a correction becomes more plausible.. and maybe we will get a small one at that point before proceeding to the next resistance range of about $6800 to $7600?

bitcoin going to $10,000 this year imho why i have nooo idea weeeee

[https://steemit-production-imageproxy-web.s3.amazonaws.com/U5drtbaTf6J1Wwb3rfhzUaYtY6nTgvt[/img]

I certainly have no problem with Ibian's claim that he is selling on the way up and buying on the way down because that seems to be amongst the best strategies for any of us mere mortals. 

My problem is that he seems to have a kind of desire to implement a sell on the way up strategy, but then regretting the amount that he sold because he wants more... or in other words, wanting to have his cake and eat it too when the market does not work like that.

Your suggestion to buy, buy, buy, also seems to be out of touch with good practices... most folks who have been in bitcoin for a while should already have a decent btc holding, so now, either they should be hodling or selling small amounts rather than buying.

Newbies might have to make a decision about how much of a stake that they want to take when they might be chasing the price up, but usually it is not a good strategy to chase the price up, even though someone has to make the price go up. and some of those folks get screwed, and others of those folks happen to be market makers so they are not really screwed in their practice to buy up because they stop at certain strategic points and let the FOMO take over, usually. so they can then start to cash out of the coinst that they had used to get the price moving in the first place (in this instance a large number of coins were bought in the $4900 to $5100 range to really get this baby moving upwards)

[gembitz]

Well then, we hit another selling point for me. Now if only we could have a nice little drop, say 10% or so, that would be nice.

Sounds like you sold too much if you are hoping for a reversal at the point that you sold.      

Nope, sold exactly as much as I wanted and planned to for going on four years now. I just want more.

Sure, when BTC prices are going up and break through resistance, it can end up exploding upwards... so maybe you set your order (or your BTC sell point) several months ago, or even years ago.. however, when the sell point gets here (which it did), and it ends up being at a place in which the price has broken through a resistance point.. that is kind of upwardly explosive, then the trend remains up and does not seem so likely that it is just going to stop (even though it could because anything is possible in bitcoinlandia).  

Anyhow,.. it seems a bit unrealistic or ill-informed to expect a 10% correction within the neighborhood of your sell point under these kinds of current conditions... so therefore I am saying that your wishing against the trend or the likelihood seems that you may have sold too early or too much and that you are gambling and greedy... Good for you, but it seems a bit much to expect the whole market to readjust to whatever you had done --- wishful thinking... and therefore, I am again saying that if you have that much emotion in the matter, especially when the odds seem a bit against what you are hoping for, then it still seems that you likely have overplayed your hand a bit - unless your really believe that the odds are good for a reversal at this particular point and within this particular context.

It is seeming to me that it is decently likely that we are going to at least get into the $5450 to $5850 territory - before a correction becomes more plausible.. and maybe we will get a small one at that point before proceeding to the next resistance range of about $6800 to $7600?

bitcoin going to $10,000 this year imho why i have nooo idea weeeee

[https://steemit-production-imageproxy-web.s3.amazonaws.com/U5drtbaTf6J1Wwb3rfhzUaYtY6nTgvt[/img]

I certainly have no problem with Ibian's claim that he is selling on the way up and buying on the way down because that seems to be amongst the best strategies for any of us mere mortals. 

My problem is that he seems to have a kind of desire to implement a sell on the way up strategy, but then regretting the amount that he sold because he wants more... or in other words, wanting to have his cake and eat it too when the market does not work like that.

Your suggestion to buy, buy, buy, also seems to be out of touch with good practices... most folks who have been in bitcoin for a while should already have a decent btc holding, so now, either they should be hodling or selling small amounts rather than buying.

Newbies might have to make a decision about how much of a stake that they want to take when they might be chasing the price up, but usually it is not a good strategy to chase the price up, even though someone has to make the price go up. and some of those folks get screwed, and others of those folks happen to be market makers so they are not really screwed in their practice to buy up because they stop at certain strategic points and let the FOMO take over, usually. so they can then start to cash out of the coinst that they had used to get the price moving in the first place (in this instance a large number of coins were bought in the $4900 to $5100 range to really get this baby moving upwards)

if you would have listen to me from $150 $500 ..etc you would have won big!!!now i'm telling people on the street buy .1btc and hodl