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

[pfrtlpfmpf]

I appear to have mastered the art of selling low and buying high...

it´s the other way around, but i have to admit, it´s not easy !

Even though a lot of people do seem to have a kind of gambling mindset (maybe myself included).  When I talk to people in these forums and even in real life, I find that people kind of gravitate towards all or nothing thinking, but if they really focus on buying as the price goes down and then selling as the price goes up, then buying low and selling high (which is the correct way to do it) just falls into place.  

So personally, I believe it is just a matter of exercising discipline and putting into practice a kind of buying on the way down and selling on the way up and attempting a sort of incrementalism (rather than all or nothing) thinking, and then the not so easy gets trained into you through practice and discipline.. that has been my outcome... and thank you bitcoin for going up in price through out this past two year period to help me out into being successful in various regards and to cause (not selling too much) to pay off really well for me.    a kind of sentimental "happy sad" but true.   

Oh, fk it, i´m trying the contrarian thing, that´s all to complicated for me. Did anybody ever try that?
I´m doing just the opposite, of what everybody else is doing. And sleep at night.
Not a new idea, but maybe it works, and was just overlooked  

[Torque]

Well normally Bitcoin would look a little overbought here, and mild correction would come.

But Bitcoin is honey badger. Let's see what happens. 

[u9y42]

Off-topic, but... https://rationalwiki.org/wiki/Bitcoin

"the best part about bitcoins is that you get to watch libertarians slowly discover why financial regulations exist to begin with"
—@porn_horse

[...]



Thousands of servers churning all day long so that people can play an online currency trading simulation.

[...]

The moral of the story:
In a gold rush, the money's in selling shovels. Cash up front, please.
(Unless you're Butterfly Labs, in which case the shovel-sellers are crooks too.)

Pretty biased, but had a few good laughs.

[Searing]

I appear to have mastered the art of selling low and buying high...

it´s the other way around, but i have to admit, it´s not easy !

Even though a lot of people do seem to have a kind of gambling mindset (maybe myself included).  When I talk to people in these forums and even in real life, I find that people kind of gravitate towards all or nothing thinking, but if they really focus on buying as the price goes down and then selling as the price goes up, then buying low and selling high (which is the correct way to do it) just falls into place.  

So personally, I believe it is just a matter of exercising discipline and putting into practice a kind of buying on the way down and selling on the way up and attempting a sort of incrementalism (rather than all or nothing) thinking, and then the not so easy gets trained into you through practice and discipline.. that has been my outcome... and thank you bitcoin for going up in price through out this past two year period to help me out into being successful in various regards and to cause (not selling too much) to pay off really well for me.    a kind of sentimental "happy sad" but true.   

Oh, fk it, i´m trying the contrarian thing, that´s all to complicated for me. Did anybody ever try that?
I´m doing just the opposite, of what everybody else is doing. And sleep at night.
Not a new idea, but maybe it works, and was just overlooked  

Sorry, by failing and being a savant myself and selling low and trading (or mining with equip you paid too much for) too high....I can tell you there

is no chance....by failing you then do the opposite....but the 'crypto gods' know this and smite you..then you get tricky

and do a double fake on the next fail, again predictable because you are a savant on the wrong choice on when do buy/sell

its a gift/curse/etc

so stalemate

meanwhile, the crypto god's get much mirth out of your antics.

[Torque]

In a gold rush, the money's in selling shovels. Cash up front, please.

Shovel - 1860: $0.96 c
Shovel - 2017: $6.00


Gold - 1860: $20.67/oz.
Gold - 2017: $1280/oz.

I don't think shovels were the better long term investment though.  

[alexeft]

In a gold rush, the money's in selling shovels. Cash up front, please.

Shovel - 1860: $0.96 c
Shovel - 2017: $6.00


Gold - 1860: $20.67/oz.
Gold - 2017: $1280/oz.

I don't think shovels were the better long term investment though.  

Good answer!

[Wekkel]

But shovels were in major demand while Gold was not necessarily found.

[Dabs]

... being a savant myself ...

You are?

Once upon a time, I bought some LTC at $20, then sold it the next day at $40. It was luck and timing. (Well maybe I paid a little attention back then.)

[fragout]

In a gold rush, the money's in selling shovels. Cash up front, please.

Shovel - 1860: $0.96 c
Shovel - 2017: $6.00


Gold - 1860: $20.67/oz.
Gold - 2017: $1280/oz.

I don't think shovels were the better long term investment though.  

Wow. Shovels gone up to $6.00!! Im calling a top here. This is worse than tulips. fraud.

Actually a very good name for a new shit coin. The money is in shovels after all

[Searing]

... being a savant myself ...

You are?

Once upon a time, I bought some LTC at $20, then sold it the next day at $40. It was luck and timing. (Well maybe I paid a little attention back then.)

naw, surely you jest...thou..come to think of it buying and holding works for me too...then again Jamie Dimon says it will all go to zero $$$ soon..

thus if I ever do sell any coin (of any real note)

I WILL DOOM ALL OF CRYPTO!

(cursed, I am, damn it!)

So the only 'selfless thing' that I can do (since 2013) is HODL ....so you guys don't suffer the consequences of me selling.....(it would be the crypto apocalypse!)


trust me, its true....for everyone time I sell some for miner or other expenses.......well...you know 'the curse' returns...if I sold the works, again I would doom us all!

(my am I a fine fellow or what ...looking out for you all)

[d_eddie]

God that Jim Cramer is such a 2-faced weasel. I hate that guy. Such a punchable face.

Jim Cramer on Bitcoin in 2013 (never forget!):
https://www.youtube.com/watch?v=2kEySHOd4JU

Jim Cramer on Bitcoin in 2017:
https://www.youtube.com/watch?v=POh0B79untE

He can't help it. A media person, you know. That's what they do for a living. The show must go on.

[Dabs]

Shovels can haul more dirt than forks, because forks have a lot of empty space in them.

These days, I'll probably use a backhoe.

[Dabs]

naw, surely you jest...thou..come to think of it buying and holding works for me too...then again Jamie Dimon says it will all go to zero $$$ soon..

It was real, it was ... December 2013 and January 2014 ... and it was on BTC-e. But my trade was small enough not to be noticed, only about $2000 USD worth at that time. People were going crazy over LTC, so I decided to buy some, with the intention to HODL..

When it doubled, I sold it all ... it kept going a little bit higher after that, maybe up to $50 or $60, then ... well, history.

I think I might buy some just to HODL, Charlie Lee is an interesting fellow and people like him.

[Arriemoller]

Hi,

Can anyone please tell me why bitcoin rise is so strong and pushing for new all time high?

As i know the segwit2X Hard fork is cancelled. Is there something i'm missing?

CME and Wall Street, BCH failure, public awareness and adoption, etc
This strong rise has been on the cards for a while

And people selling their free BTG and Bitcore coins.

[Arriemoller]

Cheesy, but fits the situation well...

https://youtu.be/PyeWRd7ZEBs

or this?
https://youtu.be/Wn9E5i7l-Eg

Or this? https://www.youtube.com/watch?v=W25_jgiY51I

[alexeft]

Cheesy, but fits the situation well...

https://youtu.be/PyeWRd7ZEBs

or this?
https://youtu.be/Wn9E5i7l-Eg

Or this? https://www.youtube.com/watch?v=W25_jgiY51I

There! That's very money! I hope it does it for you!

[Paashaas]

Hurry up Trezor, i want to sell my BGold...ore i'll wait until Roger is going to pump it 

[drbrockcoin]

Woke up to news of a military coup underway in Zimbabwe.

Crazy times we live in. But it's overdue, those poor people have suffered enough..

Indeed. Hopefully there will be a less anti Western / pro China / pro North Korea leader in charge soon.
It would be good for the citizens if trade links with Britain and direct flights to Harare would be reestablished. Many Zims over here in the UK.

YOU ARE JOKING RIGHT???

Its not like the West (UK/Europe/USA) have a track record of raping, enslaving and pillaging in the African continent right?

Why dont those damn Africans and Middle Easterns hate us? Hmmmm let me think.... CHUMP

[drbrockcoin]

Indeed. Hopefully there will be a less anti Western / pro China / pro North Korea leader in charge soon..

Really? You mean Zims will be better if colonial status is reestablished in this country?

+1

Its not his fault there is a serious mis-understanding / lack of education of the real history of this world. Especially when it comes to the heinous crimes of the west

[drbrockcoin]

Indeed. Hopefully there will be a less anti Western / pro China / pro North Korea leader in charge soon..

Really? You mean Zims will be better if colonial status is reestablished in this country?

Of course not.
Trade doesn't mean we go back to the British rule / pillaging / apartheid days.

Surely it would be at least fruitful for the people of Zimbabwe and the Zimbabweans over here if the British prime minister made a statement about the situation in Zimbabwe and to at least state that Britain is open to have a conversation with whomever is in charge next to see if we can help.
The British government has already stated many times that foreign aid will not be cut. I don't see why a Zimbabwe without a dictator could not benefit from that.
There is life in the world outside of the EU and we should be keen to help considering the historical (mostly I agree negative) and language ties.

BUT BUT by help do you mean send in the economic hitmen with globalization? IMF Trojan loans etc? Or by help do you mean covertly funding a coup and/or economic sanctions against the population aka IRAQ/IRAN/N.KOREA/VENEZUELA/CUBA etc