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

[NUFCrichard]

The "non-bitcoin portion of my portfolio" is my ability to earn a living via means that would still exist if Bitcoin goes to zero.

As far as savings goes, I'm only interested in forms that are transportable frictionlessly across international borders. Whatever form I keep my savings in, it should be capable of travelling with me no matter where I choose to live.

People have different subjective valuations for financial security. In my opinion it is entirely astute to have 80% of your net worth in bitcoin, for you it might be 100%. Many find even 5% intolerable.

Life brings all kinds of situations where you cannot earn a living and need savings. It is foolhardy to think you are immortal.

I agree with this.  I guess everyone wishes they had been 100% in BTC this year, but it wasn't without its risks.  I prefer 25%, then I won't cry too much if it comes crashing down.

[smiley123]

i dont believe in 10 year holding, i think the risk is great that bitcoin will be replaced by a more convenient cryptocurrency.
nowadays bitcoin is the big thing, cryptocurrency=bitcoin. maybe tomorrow cryptocurrency = whothefuckknowswhichcoin

today we can tell bitcoin rises
but we can also tell there are many alternatives already waiting
http://www.coinwarz.com/cryptocurrency

Who can say what will happen in 10 years time - we may be bashing each other over the heads scrabbling for food.

But if we hold it together then BTC will be the gold standard for crypto although I agree that a number of the current alt coins and probably new innovative ones will probably be used for smaller purchases/every day.  

I think an alternate or interim solution would be for stores to just treat it like an account that you just settle at the end of the month similar to a bar tab. Or some sort of prepay system.  I could also envision just swiping your public key at the register and then get a bill at the end of the month you can pay with whatever coin you want.  These are just a couple of ideas that could be used that are more compatible with a broader range of coins that that don't depend on the tech behind them.

[gandhibt]

We passed the moon a LONG time ago.

nein! i don't want to go to the moon  too lonely up there.  I wanna go to singapore 

why singapore? that's one useless shopping center hell

[ChartBuddy]

[nanobrain]

why singapore? that's one useless shopping center hell

Oh, the hours/days I've spent traipsing up and down, round and round Singapore airport - hell, I tell you HELL!

[gandhibt]

It is up +100% from the start of the week, and has gone from -33% below the trend to +180% above, in about a month.

Surely you understand that either it is in a real risk of crashing, or laa laa this time is different we <3 Bitcoin.


...but that people sit too tight on their bitcoins is less of a problem than that many sell out all too soon

yet 24h rise is just 14%, too steady to crash, sry sir

small dip is possible thou, but nothing worth trading about

[MahaRamana]

I have too much fiat compared to BTC holdings

Do you think 850 is a fair entry point ?

Could it be the last time we see 850 ?

[TERA]

Drawing the handle of a cup and handle (or V and handle...). If you were trading then you should have sold at 890. Now it's a bit risky and difficult to trade.

[rpietila]

Fill in the blanks:


From March 18 to April 9, in 23 days, bitcoin appreciated 379% against the USD, which is average 7.0% daily. The following day it crashed, erasing all the gains of the last 3 weeks, and providing a stellar buying opportunity.

From November 3 to November 23, in 21 days, bitcoin appreciated 291% against the USD, which is average 6.7% daily. It still has room to appreciate __% in _ days, after which it will _____, erase ___ the gains of the last _ weeks and provide a ________ ______ ___________.


See for yourself

[Nemesis]

i can see beautiful bear trap is coming....

Lets see pigs getting slaughtered again.

[gandhibt]

Fill in the blanks:


From March 18 to April 9, in 23 days, bitcoin appreciated 379% against the USD, which is average 7.0% daily. The following day it crashed, erasing all the gains of the last 3 weeks, and providing a stellar buying opportunity.

From November 3 to November 23, in 21 days, bitcoin appreciated 291% against the USD, which is average 6.7% daily. It still has room to appreciate __% in _ days, after which it will _____, erase ___ the gains of the last _ weeks and provide a ________ ______ ___________.


See for yourself

It has just corrected 50% from top and recovered faster than anything ever in finance. After it was risen 50% in 24h. When that happened in April? You can't predict based on April.

Good way could be to just look 24h rise. If it goes parabolic, might be wise to sell little.

So you are not planning on buying back? Did your plan changed?

[mmitech]

Fill in the blanks:


From March 18 to April 9, in 23 days, bitcoin appreciated 379% against the USD, which is average 7.0% daily. The following day it crashed, erasing all the gains of the last 3 weeks, and providing a stellar buying opportunity.

From November 3 to November 23, in 21 days, bitcoin appreciated 291% against the USD, which is average 6.7% daily. It still has room to appreciate __% in _ days, after which it will _____, erase ___ the gains of the last _ weeks and provide a ________ ______ ___________.


See for yourself

well Bitcoin got more attention and new investors now, all crashes/correction after April did last only few hours or a day at max, now people are better prepared for a correction and are on standby to buy back whenever n opportunity appear.

long story short, the market will eat it, so stop dreaming and buy back before you miss it, because I will say it once again this is not the classic stock market, bitcoin is unpredictable.

[TERA]

Fill in the blanks:


From March 18 to April 9, in 23 days, bitcoin appreciated 379% against the USD, which is average 7.0% daily. The following day it crashed, erasing all the gains of the last 3 weeks, and providing a stellar buying opportunity.

From November 3 to November 23, in 21 days, bitcoin appreciated 291% against the USD, which is average 6.7% daily. It still has room to appreciate __% in _ days, after which it will _____, erase ___ the gains of the last _ weeks and provide a ________ ______ ___________.


See for yourself

Oh my god. You've cracked the code. Every bitcoin bubble runs precisely 379%. Why didn't I think of that before. Now I know exactly when to sell. Nothing can stop us now!

[rpietila]

The scornful replies to my observation indicate that you have too many bitcoins and that makes you emotional. I suggest you do what I have done and cash out a couple of $M so that you can sleep better and become less touchy 

[rebuilder]

Re: trendlines, I see no way to know what they will be in the future. Now, you can get an average trend for what has been, but extrapolating that into the future seems iffy. It's possible the market up to now has consistently been either mostly above or below whatever the trendline will turn out to look like 5 years from now. Has anyone backtested this?

[TERA]

The scornful replies to my observation indicate that you have too many bitcoins and that makes you emotional. I suggest you do what I have done and cash out a couple of $M so that you can sleep better and become less touchy  

Where do you cash out a couple of $M? Don't the exchanges have limits?

[philip2000uk]

We passed the moon a LONG time ago.

nein! i don't want to go to the moon  too lonely up there.  I wanna go to singapore 

why singapore? that's one useless shopping center hell

lol live there go thailand for hols

[philip2000uk]

why singapore? that's one useless shopping center hell

Oh, the hours/days I've spent traipsing up and down, round and round Singapore airport - hell, I tell you HELL!

NO WAY! not changi airport that's actually heaven.  Also voted the best in the world at some point (it's on and off.) can't beleive you didn't like that place, that was the only real place in singapore that i went to (plane spotter)

[rpietila]

Where do you cash out a couple of $M? Don't the exchanges have limits?

Where there is a couple of $M, there is a way.

[kurious]

The scornful replies to my observation indicate that you have too many bitcoins and that makes you emotional. I suggest you do what I have done and cash out a couple of $M so that you can sleep better and become less touchy 

Just sprayed coffee all over the keyboard laughing....

Hilarious, wish I had that solution in my problem solving box!