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

[adamstgBit]

GO GO GO!

seems like the rally might start up sometime soon the usefulness of bitcoin is whats driving this to $1000+

 

i dont understand why no one seem to see this

there's clearly ALOT of things BIG things being worked on and  or just starting to get off the ground when it come to bitcoin's usefulness, when the ATMs are more widespread WU will fall, but obviously bitcoin will not stop there.

and then you look at the current market cap
and then you look back at development
and then you look at the current market cap

and then your like wtf!? why is the value so god damn low!

I'd like the believe that I am (and others are) here because I (we) do see the usefulness and the value.

I am here to take part in something i strongly believe in, the fiat scheme MUST GO!

[CryptStorm]

Stupid bot sold all my bitcoins at a loss and now it seems it will buy again at a loss bitcoin-wise too

Why do you think we keep saying "Buy and hold". Do you think we're joking? Do you think this is some kind of game?

Buy. and. hold!!!

For the longest time.

It's funny (or tough?). I know that (holding) is the right thing to do, most likely, even in this scenario, but can't help to want to up trade the rogue waves. I imagine that even had I bought in at 4$ (yes, I'm jealous), I might still be tempted to trade the major parabolic swings (April, now).

[ChartBuddy]

[Richy_T]

I really don't understand the "all or nothing" mentality of some people. Hold some, trade some. Even when you lose, you win.

[justusranvier]

I really don't understand the "all or nothing" mentality of some people. Hold some, trade some. Even when you lose, you win.

You're neglecting opportunity cost.

What if you spend hours per day trading for months, just to end up where you would have been with a buy and hold strategy? What else could you have done with your life during those months?

[CoinDox]

I really don't understand the "all or nothing" mentality of some people. Hold some, trade some. Even when you lose, you win.

You're neglecting opportunity cost.

What if you spend hours per day trading for months, just to end up where you would have been with a buy and hold strategy? What else could you have done with your life during those months?

This is so very true...

[TERA]

Stupid bot sold all my bitcoins at a loss and now it seems it will buy again at a loss bitcoin-wise too

Why do you think we keep saying "Buy and hold". Do you think we're joking? Do you think this is some kind of game?

Buy. and. hold!!!

For the longest time.

It's funny (or tough?). I know that (holding) is the right thing to do, most likely, even in this scenario, but can't help to want to up trade the rogue waves. I imagine that even had I bought in at 4$ (yes, I'm jealous), I might still be tempted to trade the major parabolic swings (April, now).

Hold some btc in an exchange like bitfinex and use it as collateral for margin trading. use margin to trade the waves.

[seleme]

If these buy and hold smartasses could have it on their own someone would still trying to buy a pizza with 10 000 coins.

What a load of bullshit.

[adamstgBit]

If these buy and hold smartasses could have it on their own someone would still trying to buy a pizza with 10 000 coins.

What a load of bullshit.

lol no.

[NewLiberty]

No dont get discouraged.  Butter bot threads full of people with success ... But if you look through the help the OP gives, you have to do your back testing and make sure you set the values to what other people that are successful with.  I'm pretty new to this all too, but when I calibrated one of the bitcoincharts using EMA 9/20 and a HOURLY sample, it appeared to be giving a pretty solid sell signal.  But, if you notice, most people using the butter bot have it set to 2 hour intervals.  When you go to the same chart and set it to 2 hours, the lines don't converge.. D'OH!  Don't forget golden rule of trading is you'll win some and lose some...Just try to win MORE when you win .  When you get the bot configured right, you should have more positive experience.

Or set it to 1:58 and front-run the herd?

[justusranvier]

What a load of bullshit.

You misspelled science.

[Richy_T]

I really don't understand the "all or nothing" mentality of some people. Hold some, trade some. Even when you lose, you win.

You're neglecting opportunity cost.

What if you spend hours per day trading for months, just to end up where you would have been with a buy and hold strategy? What else could you have done with your life during those months?

I was more referring to trading strategy. "I'm all in, I'm all out" only leads to tears. Personally, I've been holding (and occasionally spending) 100% for a while.

[Odrec]

No dont get discouraged.  Butter bot threads full of people with success ... But if you look through the help the OP gives, you have to do your back testing and make sure you set the values to what other people that are successful with.  I'm pretty new to this all too, but when I calibrated one of the bitcoincharts using EMA 9/20 and a HOURLY sample, it appeared to be giving a pretty solid sell signal.  But, if you notice, most people using the butter bot have it set to 2 hour intervals.  When you go to the same chart and set it to 2 hours, the lines don't converge.. D'OH!  Don't forget golden rule of trading is you'll win some and lose some...Just try to win MORE when you win .  When you get the bot configured right, you should have more positive experience.

Or set it to 1:58 and front-run the herd?

I actually have it set at -2 tick offset   

[accord01]

It's my opinion that there won't be a weekend mini crash.  I think the mini crash happened earlier which was today?, and a lot less noticeable.  The recovery was fast and made a nice cup and handle that wasn't too steep.  

Next week i think the volume will pick up as the week goes on, and prices will likely hit 500-550, God forbid some bad news such as www has crashed, or Congress enforces death penalty on all those that own bitcoins.

[ChartBuddy]

[TERA]

On the topic of wall observation... This is UNREAL

[seleme]

If these buy and hold smartasses could have it on their own someone would still trying to buy a pizza with 10 000 coins.

What a load of bullshit.

lol no.

Lol, yes. If absolutely all people would just hold like some are giving "smart" advices here, nobody would be able to buy a coin as nobody would selling them, so those coins would be absolutely worthless as Satoshi and 100 others would know about them.

"Buy and hold" gang (who would they buy from if everyone would do that..) are the biggest enemy of the Bitcoin. They're just too greedy twats to understand that.

[solex]

On the topic of wall observation... This is UNREAL

The sky-high valuation predictions that have been in this forum for a few years are now percolating into the mainstream.

For example: Fox Business repeating that Bitcoin might go to $1 million
http://video.foxbusiness.com/v/2841813371001/is-bitcoin-the-currency-of-the-future/

This type of headline/hype is certainly keeping the world's best asset right in the face of every investor.

[octaft]

For example: Fox Business repeating that Bitcoin might go to $1 million
http://video.foxbusiness.com/v/2841813371001/is-bitcoin-the-currency-of-the-future/

This type of headline/hype is certainly keeping the world's best asset right in the face of every investor.

Make no mistake about it, Fox news is an enemy of holders, and they have a lot of sway in the US due to a relatively large viewership. I would be shocked if Bitcoin were ever presented in a positive light on that station.

[tHash]

If these buy and hold smartasses could have it on their own someone would still trying to buy a pizza with 10 000 coins.

What a load of bullshit.

lol no.

Lol, yes. If absolutely all people would just hold like some are giving "smart" advices here, nobody would be able to buy a coin as nobody would selling them, so those coins would be absolutely worthless as Satoshi and 100 others would know about them.

"Buy and hold" gang (who would they buy from if everyone would do that..) are the biggest enemy of the Bitcoin. They're just too greedy twats to understand that.

Let's not single out the buy/hold crowd as the only greedy ones.   To be sure, the goal of EVERY trader is to increase his wealth.   That being said, you are exactly right, we need sellers.   Most of the current crop of holders will be sellers at whatever point they feel they have gained sufficient wealth to buy some of the things they need, say a car or house.