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

[mccorvic]

btcchina down?

[Shak]

sure, but the chance to make money by daytrading is lower than the chance to make money by going long

@mccorvic: nope

[luis77]

Its time to sell all?? its going to correct down? or it going for 700??? Cant sleep...

Depends on so many factors. I think, first of all, you decide whether you have already had your maximum number of bitcoins or are still accumulating.

If accumulating, buy all the time and especially on dips. Now is not a 'dip', but it still qualifies for 'all the time'.

If divesting, sell on peaks. If you are sitting on good gains, it might be good to start selling already. Sell a total of 20% in this peak that we will be having soon.

Whether it is a peak or a dip, construct a rising exponential trendline and follow it.

Do not swing-trade or daytrade unless you know. I don't know any successful bitcoiners who daytrade.

Im still accumulating, but trying to sell on peaks to buy later cheaper, ive sold almost all at 400 but finally bought again at 500 and now i dont really know what to do, im a beginner... looks like it going up to maybe 1k i dont want to lose the train lol, neither the crash explode on my face ;-)

[rpietila]

successful bitcoiners[/b] who daytrade.

daytrading works on high volatility days when crashes and corrections occur. If the price is making 15%+ swings, this will give you enough room to pay your commissions and have a margin of error to make mistakes and still profit.

How much did you make daytrading (y-t-d), and how much could you have made doing something else? 

[mccoyspace]

Its time to sell all?? its going to correct down? or it going for 700??? Cant sleep...

Depends on so many factors. I think, first of all, you decide whether you have already had your maximum number of bitcoins or are still accumulating.

If accumulating, buy all the time and especially on dips. Now is not a 'dip', but it still qualifies for 'all the time'.

If divesting, sell on peaks. If you are sitting on good gains, it might be good to start selling already. Sell a total of 20% in this peak that we will be having soon.

Whether it is a peak or a dip, construct a rising exponential trendline and follow it.

Do not swing-trade or daytrade unless you know. I don't know any successful bitcoiners who daytrade.

Im still accumulating, but trying to sell on peaks to buy later cheaper, ive sold almost all at 400 but finally bought again at 500 and now i dont really know what to do, im a beginner... looks like it going up to maybe 1k i dont want to lose the train lol, neither the crash explode on my face ;-)

It is easy to panic when the price drops. But assuming you aren't using borrowed money and you don't need your cash back out for a little bit, resist the urge to sell.
Just wait it out. Nothing about the long-term advantages of bitcoin will have changed.

[rpietila]

Its time to sell all?? its going to correct down? or it going for 700??? Cant sleep...

Depends on so many factors. I think, first of all, you decide whether you have already had your maximum number of bitcoins or are still accumulating.

If accumulating, buy all the time and especially on dips. Now is not a 'dip', but it still qualifies for 'all the time'.

If divesting, sell on peaks. If you are sitting on good gains, it might be good to start selling already. Sell a total of 20% in this peak that we will be having soon.

Whether it is a peak or a dip, construct a rising exponential trendline and follow it.

Do not swing-trade or daytrade unless you know. I don't know any successful bitcoiners who daytrade.

Im still accumulating, but trying to sell on peaks to buy later cheaper, ive sold almost all at 400 but finally bought again at 500 and now i dont really know what to do, im a beginner... looks like it going up to maybe 1k i dont want to lose the train lol, neither the crash explode on my face ;-)

If you are still accumulating, don't sell! Easy as that.

Also since you are accumulating, when the crash hits, just refresh your wallet balance every 5 seconds. As long as it stays the same, you are doing good. If you scrape some cash to buy some more, you do even better.

WTF is wrong with this generation that sees a purpose in selling all that they have.. Why buy in the first place if you don't want it...

[nanobrain]

^^^from TERA's boasting over the years on the troll box I'd imagine his net worth is close to Warren Buffet.  

[luis77]

long term its better but i think its not bad daytrading days like today with high volatility

[mb300sd]

China... REST!

I need to sleep.

[luis77]

I dont need the money ive invest in BTC, my plan is to keep it some years. The question is if the price crash and drops 50% i would win the double selling and buying at smaller price. I would have 2x BTC when the price rises again..

[bnjmnkent]

Is europe ahead or behind the us in terms of time zone? Deposits showing up at stamp?

Deposits (bitfinex, fresh money) should show up on stamp starting in 2 hours from now.
UT 10-14 I was told.

[Vycid]

I'd say it is safe to sell some here temporarily. At the very least you will get a correction to this level (or lower) if not the crash. Btc has entered full parabolic mania mode, it has not tested the short daily ema since $280 and has not tested the long daily ema since $175. On gox it takes 2000btc to drop the price 20% to $500.

Yep, we're parabolic. I've started unloading on btcchina already... time shall tell.

[nanobrain]

There goes 3800CNY...I wonder if the Chinese market will get a bit superstitious about the 4000s.
('Four' sounds very much like 'death' in Mandarin)

Maybe they'll just power through to 5000 really quickly.  

[rpietila]

I dont need the money ive invest in BTC, my plan is to keep it some years. The question is if the price crash and drops 50% i would win the double selling and buying at smaller price. I would have 2x BTC when the price rises again..

Tell me when you have it. Dreamer. There is no one in the whole forum who has succeeded in that, however easy it sounds.

I started online trading 15 years ago and have twice in my life been able to increase the number of BTC by more than 2%. Even that beats the average.

[molecular]

Its time to sell all?? its going to correct down? or it going for 700??? Cant sleep...

Depends on so many factors. I think, first of all, you decide whether you have already had your maximum number of bitcoins or are still accumulating.

If accumulating, buy all the time and especially on dips. Now is not a 'dip', but it still qualifies for 'all the time'.

If divesting, sell on peaks. If you are sitting on good gains, it might be good to start selling already. Sell a total of 20% in this peak that we will be having soon.

Whether it is a peak or a dip, construct a rising exponential trendline and follow it.

Do not swing-trade or daytrade unless you know. I don't know any successful bitcoiners who daytrade.

Im still accumulating, but trying to sell on peaks to buy later cheaper, ive sold almost all at 400 but finally bought again at 500 and now i dont really know what to do, im a beginner... looks like it going up to maybe 1k i dont want to lose the train lol, neither the crash explode on my face ;-)

If you are still accumulating, don't sell! Easy as that.

Also since you are accumulating, when the crash hits, just refresh your wallet balance every 5 seconds. As long as it stays the same, you are doing good. If you scrape some cash to buy some more, you do even better.

WTF is wrong with this generation that sees a purpose in selling all that they have.. Why buy in the first place if you don't want it...

greed

btw: I can't help but feel like I felt in April, a day or two before the crash. Like everyone has gone insane.

[molecular]

I dont need the money ive invest in BTC, my plan is to keep it some years. The question is if the price crash and drops 50% i would win the double selling and buying at smaller price. I would have 2x BTC when the price rises again..

many have tried this and many have seen the backside of a train and bought back in higher, missing sizable part of the profits they would've made had they simply held.

[sonofliberty]

Boom!

[Shak]

bearstamp just flashcrashed down to 472

[thoughtfan]

No other exchanges following suit yet....

[ardana123]

Why are the USD exchanges not following China? ^^