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

[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

[player99]

actually I am 95% in btc now, thats why I feel the need to buy some silver tomorrow

maybe a stupid move, maybe not..

going to buy scrap (spoons, forks etc..) for scrap value 0,30 eur / gr. Those can easily be sold if needed for a profit.. I am not touching any silver coins / bars or whatever. Scrap is the way to go in the silver game

[Meuh6879]

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.

Perhaps, but scam identification is easy.





notice the debt ... public AND private. 

[gembitz]

actually I am 95% in btc now, thats why I feel the need to buy some silver tomorrow

maybe a stupid move, maybe not..

going to buy scrap (spoons, forks etc..) for scrap value 0,30 eur / gr. Those can easily be sold if needed for a profit.. I am not touching any silver coins / bars or whatever. Scrap is the way to go in the silver game

spoons and forks are legit ...meanwhile i see BTC pushing towards Marzzz weeeeee

[buyandhold]

[JayJuanGee]

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

I have not done a complete recalculation of my BTC investment / holdings since this latest $400 (8%)  uptick, but I think that I am about 90% bitcoin, 9% cash and about 1% in alts (part of that is BCH)..

When I say my BTC investment (above), that is not my total package of investment funds because I do have about 40% of the value of my total BTC investment that is invested in various traditional investments like stocks and bonds and index funds.. and when I first established my investment stake in BTC those traditional investments constituted about 86% of my total, and now those traditional investments are down to about 40% of my total - largely due to BTC appreciation and relatively mild performance of the traditional investments, especially in comparison to BTC...

Even though I had considered the matter, I have not taken any money out of those traditional investments to put into BTC.. I just left them be and to their own performance (a hedge, perhaps?  BTC was the initial hedge, but now?  The dollar based investments have become a hedge?.. anyhow, whatever it is, I am good with it being there. and my current allocation remains comfortable, even though the bitcoin one seems likely to continue on its upwards trajectory and to continue to blow the traditional investment out of the water, so to speak)  Go bitcoin, go, as some unidentified peeps have mentioned in the past.       

[deplorableaustriantroll]

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.

Perhaps, but scam identification is easy.

http://imagize[Suspicious link removed]ageshack.us/a/img922/4509/bvoqWN.jpg

http://imagize[Suspicious link removed]ageshack.us/a/img924/1130/Is2e68.jpg

notice the debt ... public AND private.  

I pay 0.5BTC for solving this riddle. And i dedicate it to JJG!

https://pastebin.com/m6ryR8Vi

Solve until 31.October 2017

https://www.youtube.com/watch?v=ISmgOrhELXs

PS

Sorry for entering this thread. Bubble will burst. Bitcoin is dead as a friggn rock

Cheers!

PPS

"The world is full of bubbles," warns former fund manager Richard Breslow but that shouldn't stop you from buying 'em. In the latest capitulation of a former realist, Breslow's confessional clarifies what many, many market participants clearly believe (and what Goldman called "unusually bullish"), "The reality is, you don’t have to like equities to buy them. And that will remain true until it isn’t. For now, beauty is in the eyes of the holder."
PPPS (c) zerohedge

[JayJuanGee]

[edited out]

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

Don't get into these kinds of patronizing self-righteous proclamations about - holier than thou... "If you would have listened to me" bullshit.  In the time of your participation in this thread, you have certainly engaged in your own fair share amounts of FUD spreading bullshit.. and blowing with the winds nonsense, seeming to talk your book "advices."  

[jbreher]

Haha! Free lunch?

Not bad.

[jbreher]

Where is adam nowadays? Does he not come here anymore?

He participates regularly on The Other Forum That Shall Not Be Named.

(He also has a secret* identity here which can be seen lurking from time to time.)

I want to celebrate with him when we reach 32k

Noble goal indeed.

*not so very