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

[sumantso]

At $500 ?

Oops, confused weekend with Monday. The pitfalls of having erratic shifts.

[windjc]

The money currently floating the prices is from both the profits that have been taken and money that was already sitting on the sidelines.  Sure, the capital can come at some point to continue to keep us up here, but for now its not here to stay without a day to day change in the 10-30% range, whether it be up or down.  The people who have a significant amount of coins switched to a significant amount of fiat and are currently going in and out.  I couldn't have believed that the money I spent in January and February would be what it is now if you had told me.  There are very experienced traders here and they will manipulate to their satisfaction.

Since your so worried about what the owners of those 6 wallets are going to do, why don't you just sell your btc now? Get out while you can. Put your money where your mouth is.

Of course someone with a gazillion btc could put in a gigantic market order. That could happen any day. It's just extremely unlikely given a myriad of reasons.  

But worrying about it is not a factor in trading the market. I live in LA. We could have an earthquake tomorrow. But I don't change my life accordingly.

So go ahead sell and get out if you are really concerned with a dump.

[Rampion]

Wow damn, trying not to panic sell. Bought 17.5 Coins at 766$ 2-3 days ago. I´m nervous to lose my 13.5k$

Just sell everything and forget about Bitcoin. If you are nervous it means you invested more than what you can afford to lose - that will make you too emotional and you will panic sell as soon as the price crashes (and there will be many crashes on the way up).

With that approach you will lose this game. The way to win this game? Invest what you can afford to lose and hold for the long run. Take some profits on the way, but hold onto the vast majority of your coins through bubbles and crashes. That strategy NEVER failed so far.

[philip2000uk]

Wow damn, trying not to panic sell. Bought 17.5 Coins at 766$ 2-3 days ago. I´m nervous to lose my 13.5k$

Don't sell it.  I spent $700 in total and i am not really looking at the price until it hits $150,000

[Zangelbert Bingledack]

Wow damn, trying not to panic sell. Bought 17.5 Coins at 766$ 2-3 days ago. I´m nervous to lose my 13.5k$

I'm going to be very honest with you. You probably should not be trading bitcoin.  If you are worried right now about your 13k investment just cash out and go do something else. You are asking all these questions on this forum without researching for yourself.

If today makes you nervous this isn't for you. Just keep enough that you don't mind losing and walk away. Check back next year to see how it's doing.

+1

[ChartBuddy]

[Voodah]

Why is everyone telling him to sell?

The advice should be: don't trade. Put it away for a long time, in cold secure place.

[Zangelbert Bingledack]

Why is everyone telling him to sell?

The advice should be: don't trade. Put it away for a long time, in cold secure place.

It's just rhetorical. I wouldn't expect him to actually sell it all.

What someone who is nervous at these tiny fluctuations should do is either self-bind like you suggested, or simply sell enough that they no longer feel so nervous.

[Zangelbert Bingledack]

Barry Silbert: 2013 was the year of venture capital. 2014 will be the year of Wall Street.

Buckle up.

[Searing]

Wow damn, trying not to panic sell. Bought 17.5 Coins at 766$ 2-3 days ago. I´m nervous to lose my 13.5k$

Just sell everything and forget about Bitcoin. If you are nervous it means you invested more than what you can afford to lose - that will make you too emotional and you will panic sell as soon as the price crashes (and there will be many crashes on the way up).

With that approach you will lose this game. The way to win this game? Invest what you can afford to lose and hold for the long run. Take some profits on the way, but hold onto the vast majority of your coins through bubbles and crashes. That strategy NEVER failed so far.

jeez..i just started mining around 1 month ago..by my best calculation I'll have 25 btc at the end of the current month all together conservatively (started mining oct 18th).....and that is as a noob his first month mining....more or less..how you guys manage to hang on to 100/1000/10000 coins is beyond me.....I'm finding major shrinkage going on downstairs the closer this stuff gets to 1000usd for a btc

just saying ...... I guess this is where you find out if you have big brass ones or not

so far holding

[Zangelbert Bingledack]

The way the holders have the balls to hold is that they understand what is happening. The world is switching over to secure digital asset ledgers. They are simply unquestionably superior. Since they've already cashed out enough fiat currency to meet their daily needs, the only thing they care about is increasing their share in that asset register.

If you want be able to hold on to your coins, deeper research and thought about the system in the grand sweep of things is essential. Here are some links for deep Bitcoin scholarship:

Money as Memory

http://www.minneapolisfed.org/research/sr/sr218.pdf
http://www.reddit.com/r/Bitcoin/comments/1fw3m5/bitcoin_is_memory/
https://bitcointalk.org/index.php?topic=232137.0
http://libertyhq.freeforums.org/fed-economist-predicts-bitcoin-will-end-the-fed-t938-20.html
https://bitcointalk.org/index.php?topic=230416.msg2450191#msg2450191
http://archive.freecapitalists.org/forums/t/31743.aspx

Natural Order

I, Pencil video: http://www.youtube.com/watch?v=IYO3tOqDISE
I, Pencil essay: http://en.wikisource.org/wiki/I,_Pencil
http://mises.org/journals/scholar/hasnas.pdf
http://faculty.msb.edu/hasnasj/GTWebsite/TIL.PDF
http://archive.freecapitalists.org/forums/t/8889.aspx
http://archive.freecapitalists.org//forums/t/18619.aspx
Google "FA Hayek, The Fatal Conceit" (book, available in PDF)


Panarchy

Balaji Srinivasan, Silicon Valley's Ultimate Exit: http://www.youtube.com/watch?v=cOubCHLXT6A&t=1m0s
http://athousandnations.com/2009/10/20/towards-youtopia-are-all-public-good-providers-earthbound/
http://www.panarchy.org/knott/bitcoin.html
Nullification: A Libertarian Gallop through American History

Economics

Google "Economics in One Lesson" (book, available in PDF)
http://mises.org/Books/humanaction.pdf (PDF)
Applying Economics to American History: http://www.youtube.com/watch?v=m-LJ3wZjD4I
Trade is Made of Win
Trade is Made of Win, Part 2


Also look into the revolutionary nature of:

- P2P

- Open Source

- Cryptography

(^ need links here, anyone feel free to add to this list and distribute)


Summaries

http://evoorhees.blogspot.ch/2013/05/bitcoin-2013-role-of-bitcoin-as-money.html
http://konradsgraf.squarespace.com/storage/On%20the%20Origins%20of%20Bitcoin%20Graf%2023.10.13.pdf
http://archive.freecapitalists.org/forums/p/32931/512864.aspx
https://bitcointalk.org/index.php?topic=230416.msg2450191#msg2450191


Future Applications

Mike Hearn's 2012 talk: http://www.youtube.com/watch?v=mD4L7xDNCmA

[NewLiberty]

Wow damn, trying not to panic sell. Bought 17.5 Coins at 766$ 2-3 days ago. I´m nervous to lose my 13.5k$

Rule number one on bitcoin : do not sell on weekends.

Rule number two : do not sell on weekdays
Rule number three : do not sell at night
Rule number four : bitcoin is global, it is always night somewhere.

[MickeyT2008]

Wow damn, trying not to panic sell. Bought 17.5 Coins at 766$ 2-3 days ago. I´m nervous to lose my 13.5k$

Rule number one on bitcoin : do not sell on weekends.

Rule number two : do not sell on weekdays
Rule number three : do not sell at night
Rule number four : bitcoin is global, it is always night somewhere.

Rule number five:  Don't go to sleep during trading hours - no sleep for Bitcoin speculators

[Wekkel]

deep Bitcoin scholarship:

[...]

Exactly. Saved in my Evernote scrips... 

[micalith]

The way the holders have the balls to hold is that they understand what is happening. The world is switching over to secure digital asset ledgers. They are simply unquestionably superior. Since they've already cashed out enough fiat currency to meet their daily needs, the only thing they care about is increasing their share in that asset register.

If you want be able to hold on to your coins, deeper research and thought about the system in the grand sweep of things is essential. Here are some links for deep Bitcoin scholarship:

Money as Memory

http://www.minneapolisfed.org/research/sr/sr218.pdf
http://www.reddit.com/r/Bitcoin/comments/1fw3m5/bitcoin_is_memory/
https://bitcointalk.org/index.php?topic=232137.0
http://libertyhq.freeforums.org/fed-economist-predicts-bitcoin-will-end-the-fed-t938-20.html
https://bitcointalk.org/index.php?topic=230416.msg2450191#msg2450191
http://archive.freecapitalists.org/forums/t/31743.aspx

Natural Order

I, Pencil video: http://www.youtube.com/watch?v=IYO3tOqDISE
I, Pencil essay: http://en.wikisource.org/wiki/I,_Pencil
http://mises.org/journals/scholar/hasnas.pdf
http://faculty.msb.edu/hasnasj/GTWebsite/TIL.PDF
http://archive.freecapitalists.org/forums/t/8889.aspx
http://archive.freecapitalists.org//forums/t/18619.aspx
Google "FA Hayek, The Fatal Conceit" (book, available in PDF)


Panarchy

Balaji Srinivasan, Silicon Valley's Ultimate Exit: http://www.youtube.com/watch?v=cOubCHLXT6A&t=1m0s
http://athousandnations.com/2009/10/20/towards-youtopia-are-all-public-good-providers-earthbound/
http://www.panarchy.org/knott/bitcoin.html


Economics

Google "Economics in One Lesson" (book, available in PDF)
http://mises.org/Books/humanaction.pdf (PDF)


Also look into the revolutionary nature of:

- P2P

- Open Source

- Cryptography


Summaries

http://evoorhees.blogspot.ch/2013/05/bitcoin-2013-role-of-bitcoin-as-money.html
http://konradsgraf.squarespace.com/storage/On%20the%20Origins%20of%20Bitcoin%20Graf%2023.10.13.pdf
http://archive.freecapitalists.org/forums/p/32931/512864.aspx
https://bitcointalk.org/index.php?topic=230416.msg2450191#msg2450191


Future Applications

Mike Hearn's 2012 talk: http://www.youtube.com/watch?v=mD4L7xDNCmA

nice post!

[Wekkel]

Even if you do not catch the crypto currency wave early, you will still benefit of the fairness and wealth-creating/preserving aspects of this technology.

A new Golden Age.

[hlynur]

The way the holders have the balls to hold is that they understand what is happening. The world is switching over to secure digital asset ledgers. They are simply unquestionably superior. Since they've already cashed out enough fiat currency to meet their daily needs, the only thing they care about is increasing their share in that asset register.

If you want be able to hold on to your coins, deeper research and thought about the system in the grand sweep of things is essential. Here are some links for deep Bitcoin scholarship:
....

saved as lecture during cold winterdays  
thanks, this should be a sticky...(or is it already?)

edit: i'll put mike hearn's talk on documentary thread

[gandhibt]

[maz]

I'm aware of all the good news that been coming out lately and how this creates a strong bullish sentiment. But having no previous market experience I'm just wondering if any of you other guys have some sort of term for when a market becomes 'saturated' with good news and shows a tendency to go sideways? or even down? People keep saying good news! more good news! But eventually there will be a point even for the short term, when all the people likely to invest (during this run of 'new' good news) will have either researched and disregarded, or actually invested?

Not being bearish or trolling, but it's hard to sort the wheat from the chaff when so many posters on here are blindly bullish through emotion or investment.

[600watt]

Barry Silbert: 2013 was the year of venture capital. 2014 will be the year of Wall Street.

Buckle up.

most of us owe mr silbert a lot