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

[rpietila]

LOL what a dump: 1.5kBTC -> 12% down 

I would like to be in the bubble-pricking team when the time comes after a few weeks 

[mb300sd]

Nearly instant recovery... market didn't even blink

[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..

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.

I d
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.

ont 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..

I dont know anything about trading, just some month studing it for btc, i suppossed it was easier to predict a crash but I now know its not :-). most of you didnt sold on april??

[thoughtfan]

Why are the USD exchanges not following China? ^^

I'd guess the more crazy the rise in China the more suspicious people get that the 0% comission market is being seriously played.  A nice little flash crash on Bitstamp may help pour some cold water on this.  Something needs to!

[thetopham]

that was scary

[dwdoc]

Why are the USD exchanges not following China? ^^

China exchange has a coin shortage.

[thoughtfan]

that was scary

If that was scary may I suggest maybe you have too much at stake?!

[Pzeudonym]

What exactly happened? Couldn't even reconstruct the screenshot with my own Bitcoinity view.

edit: ah I found it.

[thetopham]

that was scary

If that was scary may I suggest maybe you have too much at stake?!

nope not at all, I'm the smallest fish in town I only have 1 coin

don't have a lot of money

[adamstgBit]

i missed a few hours of fun.

I almost got divorced tonight almost! my life is really crazy these days.
unbelievable shit.
bitcoin prices moving like this has is not helping! can't sleep, super thrilled one min, then life reminds you that money really doesn't buy happiness.

ahhh its 3;30am

lol

keep it real.

[ardana123]

Why are the USD exchanges not following China? ^^

China exchange has a coin shortage.

What happens if they run out?

[seanneko]

Even though I'm 100% bullish, I think for the rest of tonight I'm a bear. The growth over the last 24 hours has been insane.

I'm holding on anyway. Paper wallets in a locked safe ftw ^_^

[wildbud]

Can this really keep going up at this rate? I just sold 1/3 of my coins at 607

[rpietila]

I dont know anything about trading, just some month studing it for btc, i suppossed it was easier to predict a crash but I now know its not :-). most of you didnt sold on april??

Typical wannabe smart traders sold in February, held in March, bought in early April, held during May and June, even during July drop, and sold in September. Bought back in October, are now holding or perhaps already sold. Losing in every stage. No plan whatsoever.

If we take the population who had any bitcoins in the beginning of 2013, do you honestly think many of them have more bitcoins now? The oldtimers can remember what was their greatest number of bitcoins, and how many they have now. Not many can increase their stash, except by buying and refusing to sell. That way it is slow, but actually very easy

[BitThink]

Why are the USD exchanges not following China? ^^

China exchange has a coin shortage.

What happens if they run out?

It's an exchange, not a store to buy BTC. So short of coin means no one want to sell at current price. Seems only around 1000 BTC in the ask side.

[justusranvier]

Just remember no matter how badly you trade, at least you're not this guy (remember him?): http://www.youtube.com/watch?v=S3xhyj-e0Kk

[dwdoc]

Why are the USD exchanges not following China? ^^

China exchange has a coin shortage.

What happens if they run out?

[Zangelbert Bingledack]

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

Not if you're a beginner(!!!)

Not even if you're an expert, unless you're exceptional. These boards are littered with the bodies of day traders who thought they could out-think the market. Some of them were very, very smart with decades of investment experience, fluents in many kinds of technical analysis. I notice the buy-and-holders are still here, whereas each monthly generation of traders has come and gone.

Luckily for you, buy and hold is also the easiest strategy for the beginner, in addition to being the most profitable. We may well crash fairly soon so now is not the best time to buy, but as rpietila said if you're still accumulating it doesn't matter much. Don't be a pig, just get in.

Here's a handy strategy guide for how to invest in Bitcoin, if you ever get stuck.

[wildbud]

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

Not if you're a beginner(!!!)

Not even if you're an expert, unless you're exceptional. These boards are littered with the bodies of day traders who thought they could out-think the market. Some of them were very, very smart with decades of investment experience, fluents in many kinds of technical analysis. I notice the buy-and-holders are still here, whereas each monthly generation of traders has come and gone.

Luckily for you, buy and hold is also the easiest strategy for the beginner, in addition to being the most profitable. We may well crash fairly soon so now is not the best time to buy, but as rpietila said if you're still accumulating it doesn't matter much. Don't be a pig, just get in.

Here's a handy strategy guide for how to invest in Bitcoin, if you ever get stuck.

And I bought back in lol thanks for the inspiration.

[BitThink]

Currently, BTC transaction takes much longer (it shows 2 hours in blockchain.info) than fiat transferring. Ironic.

EDIT: seems the prediction of blockchain.info is far from accurate.