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

[gandhibt]

Poor bears. Pockets full of fiat, feeling sad and lonely because the choo choo train is leaving them behind

Just joking. Huge resistance at $650 on Stamp, BTC1,500 mini-wall (not so mini these days at the current exchange rate) not getting chewed.

For those who took profits in the $670-$700 range (Stamp) these were great moments. I personally managed to sell 10% of my stash at $675, re-bought at $420 and just sold again a few hours ago around $630. Let me add that it was mostly sheer luck, my intention was to just take profits and not to daytrade, but you cannot say no to such an opportunity

Gotta love bitcoin....

I'm thinking you have something between 2000-5000 BTC? So that's nice win, feel good! =)

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[seanneko]

One thing that I have to say when reading this "bitcoin online bar" is that if you have a lot of bitcoins it surely doesn't mean that you would know something more about trading than those who have fewer.

Couldn't agree more. Someone with lots of BTC claiming that they "know the market" better than anyone else just screams arrogance.

Was the guy last month who found out he had $880k worth a master of Bitcoin?

[niothor]

Poor bears. Pockets full of fiat, feeling sad and lonely because the choo choo train is leaving them behind

Just joking. Huge resistance at $650 on Stamp, BTC1,500 mini-wall (not so mini these days at the current exchange rate) not getting chewed.

For those who took profits in the $670-$700 range (Stamp) these were great moments. I personally managed to sell 10% of my stash at $675, re-bought at $420 and just sold again a few hours ago around $630. Let me add that it was mostly sheer luck, my intention was to just take profits and not to daytrade, but you cannot say no to such an opportunity

Gotta love bitcoin....

So what happened  to bitcoin must crash to 50-40 in order to fly to the sky?

[gandhibt]

One thing that I have to say when reading this "bitcoin online bar" is that if you have a lot of bitcoins it surely doesn't mean that you would know something more about trading than those who have fewer.

Couldn't agree more. Someone with lots of BTC claiming that they "know the market" better than anyone else just screams arrogance.

Was the guy last month who found out he had $880k worth a master of Bitcoin?

Yep, hurts my ears when someone is trying to create these kinds of power structures with just silly talk =)

[Parazyd]

The train is leaving

I have no fiat lefi... Hope to sell some at $1000 and use the chance of others dumping. Good idea?
I suppose a lot of people will start selling at $1000.

[emanymton]

One thing that I have to say when reading this "bitcoin online bar" is that if you have a lot of bitcoins it surely doesn't mean that you would know something more about trading than those who have fewer.

Couldn't agree more. Someone with lots of BTC claiming that they "know the market" better than anyone else just screams arrogance.

Was the guy last month who found out he had $880k worth a master of Bitcoin?

I have a feeling that was a load of shit to get around tax obligations.
So yes he was a master of bitcoins.

[ChartBuddy]

[PrymeTyme]

lol ...

[prof7bit]

Every time it's a bigger bubble, bigger losses, and more negative publicity.

Did you even bother to look at the chart before claiming such nonsense? Your so called "bubbles" are becoming smaller and smaller every time and volatility is decreasing! Look at the all-time chart to see it yourself.

[Searing]

The train is leaving

I have no fiat lefi... Hope to sell some at $1000 and use the chance of others dumping. Good idea?
I suppose a lot of people will start selling at $1000.

would dumping at 1000 even work....I hear this last time people tried to dump at 900 all it did was lock up and no one was able to sell on www.bitstamp.net for a bit prob www.mtgox.com as well...quite the racket if you buy and it goes high you can't sell at that price due to the bottleneck and logjam

advice on how to get around this (prob by selling sooner before the mad rush ...assuming you can even time that)

anyway advice for the next time everyone tries to go thru the *sell* door at the same time and gets jam'd up


er of course you could look at this as bitcoins version of "tamper proof locks* so the children don't sell too early...or some such?

Searing

[Rampion]

resistance on $650 (stamp) is growing. +2300BTC before $650.01

[Rampion]

Every time it's a bigger bubble, bigger losses, and more negative publicity.

Did you even bother to look at the chart before claiming such nonsense? Your so called "bubbles" are becoming smaller and smaller every time and volatility is decreasing! Look at the all-time chart to see it yourself.

This.

[Parazyd]

The train is leaving

I have no fiat lefi... Hope to sell some at $1000 and use the chance of others dumping. Good idea?
I suppose a lot of people will start selling at $1000.

would dumping at 1000 even work....I hear this last time people tried to dump at 900 all it did was lock up and no one was able to sell on www.bitstamp.net for a bit prob www.mtgox.com as well...quite the racket if you buy and it goes high you can't sell at that price due to the bottleneck and logjam

advice on how to get around this (prob by selling sooner before the mad rush ...assuming you can even time that)

anyway advice for the next time everyone tries to go thru the *sell* door at the same time and gets jam'd up

Searing

I guess I'll be keeping my coins safe then...

[Rampion]

Poor bears. Pockets full of fiat, feeling sad and lonely because the choo choo train is leaving them behind

Just joking. Huge resistance at $650 on Stamp, BTC1,500 mini-wall (not so mini these days at the current exchange rate) not getting chewed.

For those who took profits in the $670-$700 range (Stamp) these were great moments. I personally managed to sell 10% of my stash at $675, re-bought at $420 and just sold again a few hours ago around $630. Let me add that it was mostly sheer luck, my intention was to just take profits and not to daytrade, but you cannot say no to such an opportunity

Gotta love bitcoin....

So what happened  to bitcoin must crash to 50-40 in order to fly to the sky?

It crashed to $50 on April 10th, tough

Let me add that:

- being a bear is very satisfying*. If you are right, you are right; if you are wrong, you are rich
- I only daytrade during bear markets. I don't see how I can increase my BTC in a bull market, and increasing my BTC is the only purpose of daytrading for me.

*I assume that bear or bull, nobody sane is 100% fiat, ever. The chances of the choo choo train leaving you behind are too high. This is why even the super-bears as Blitz do not short BTC

[gandhibt]

Poor bears. Pockets full of fiat, feeling sad and lonely because the choo choo train is leaving them behind

Just joking. Huge resistance at $650 on Stamp, BTC1,500 mini-wall (not so mini these days at the current exchange rate) not getting chewed.

For those who took profits in the $670-$700 range (Stamp) these were great moments. I personally managed to sell 10% of my stash at $675, re-bought at $420 and just sold again a few hours ago around $630. Let me add that it was mostly sheer luck, my intention was to just take profits and not to daytrade, but you cannot say no to such an opportunity

Gotta love bitcoin....

So what happened  to bitcoin must crash to 50-40 in order to fly to the sky?

It crashed to $50 on April 10th, tough

Let me add that:

- being a bear is very satisfying*. If you are right, you are right; if you are wrong, you are rich
- I only daytrade during bear markets. I don't see how I can increase my BTC in a bull market, and increasing my BTC is the only purpose of daytrading for me.

*I assume that bear or bull, nobody sane is 100% fiat, ever. The chances of the choo choo train leaving you behind are too high. This is why even the super-bears as Blitz do not short BTC

Is it shorting only when you are all out of coins, but when you sell 50% of your coins it isn't? I'm just curious because people use this word differently.

[alexeft]

- I only daytrade during bear markets. I don't see how I can increase my BTC in a bull market, and increasing my BTC is the only purpose of daytrading for me.

Honest enough!!!

[BldSwtTrs]

Few months ago I had create a thread about Bictoin in some other forum where I have my habits.

Right now people are asking : "what I need to do to buy some BTC?".

[Parazyd]

- I only daytrade during bear markets. I don't see how I can increase my BTC in a bull market, and increasing my BTC is the only purpose of daytrading for me.

Any advices on how to get better at it

[Rampion]

Poor bears. Pockets full of fiat, feeling sad and lonely because the choo choo train is leaving them behind

Just joking. Huge resistance at $650 on Stamp, BTC1,500 mini-wall (not so mini these days at the current exchange rate) not getting chewed.

For those who took profits in the $670-$700 range (Stamp) these were great moments. I personally managed to sell 10% of my stash at $675, re-bought at $420 and just sold again a few hours ago around $630. Let me add that it was mostly sheer luck, my intention was to just take profits and not to daytrade, but you cannot say no to such an opportunity

Gotta love bitcoin....

So what happened  to bitcoin must crash to 50-40 in order to fly to the sky?

It crashed to $50 on April 10th, tough

Let me add that:

- being a bear is very satisfying*. If you are right, you are right; if you are wrong, you are rich
- I only daytrade during bear markets. I don't see how I can increase my BTC in a bull market, and increasing my BTC is the only purpose of daytrading for me.

*I assume that bear or bull, nobody sane is 100% fiat, ever. The chances of the choo choo train leaving you behind are too high. This is why even the super-bears as Blitz do not short BTC

Is it shorting only when you are all out of coins, but when you sell 50% of your coins it isn't? I'm just curious because people use this word differently.

Shorting = borrowing coins to sell them, in the hopes that the price per coin will be lower when you have to give them back. A "short sell" is to sell an asset (BTC) you don't own, you just have borrowed it to sell it because you anticipate the price to go down.

That's extremely dangerous with BTC, because the price has the potential to double multiple times very quickly, and thus you can face huge losses by shorting.

That's what "shorting" means, but in these forums many people say they are "short" when they have sold coins, which is not correct. What can you expect in a forum where most of people thinks that ROI is a synonym for break-even....

[miningnew]

http://www.youtube.com/watch?v=72wEi4RfI3E