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

[silvermario]

From the look of the charts I'm sure we're heading to double digits now.

My dog confirmed it.

[cfrm]

In the name of Black Friday Mt. gox will have no trading fees tomorrow. Same goes for bitcoin.de btw. I predict high volume tomorrow.

[jojo69]

In the name of Black Friday Mt. gox will have no trading fees tomorrow. Same goes for bitcoin.de btw. I predict high volume tomorrow.

link?

[silvermario]

In the name of Black Friday Mt. gox will have no trading fees tomorrow. Same goes for bitcoin.de btw. I predict high volume tomorrow.

link?

https://www.mtgox.com/press_release_20131120.html

4) Bitcoin Black Friday through Cyber Monday – Trade with Zero Fees!
 
To celebrate Bitcoin Black Friday and encourage adoption of Bitcoin by merchants and consumers, MtGox is cutting trading fees to 0% for four full days starting Friday morning through midnight on Cyber Monday (Tokyo Time). Since your trading is free, get out there and support merchants that accept Bitcoin!

[callezetter]

In the name of Black Friday Mt. gox will have no trading fees tomorrow. Same goes for bitcoin.de btw. I predict high volume tomorrow.

link?

They already removed the fees at gox btw

[ChartBuddy]

[rabsie]

why so much selling pressure on bitstamp? surely the media exposure from breaking a 1000 is bullish.

[seldon]

People who wanted to get out anyways and are fearful we reached the top?

[rabsie]

I'd say 2000 is a given now, before christmas...

[prof7bit]

I'd say 2000 is a given now, before christmas...

1800 will be the top of this wave according to my analysis

[Shak]

I'd say 2000 is a given now, before christmas...

1800 will be the top of this wave according to my analysis

according to those posts I should sell

[blacksails]

I'd say 2000 is a given now, before christmas...

1800 will be the top of this wave according to my analysis

Based on what?

according to those posts I should sell

Never trust people who tells you to sell. They want you to fall for it so they can buy cheap coins.

[Teslaza]

My knowledge in regards to trading, economics and markets are on par with that of a potato. I was just interested on everybody's thoughts on what type of impact, if any, Black Friday will have on bitcoin's price.

[blacksails]

My knowledge in regards to trading, economics and markets are on par with that of a potato. I was just interested on everybody's thoughts on what type of impact, if any, Black Friday will have on bitcoin's price.

Hopefully it will bring some positive attention to bitcoins so more people realize it's actually a good system!

[micalith]

My knowledge in regards to trading, economics and markets are on par with that of a potato. I was just interested on everybody's thoughts on what type of impact, if any, Black Friday will have on bitcoin's price.

I reckon it won't have nearly as much of a dampening effect as it would have 2 months ago

[jojo69]

according to those posts I should sell

I have a serious question for ALL of you regulars here... Don't you people EVER sleep? Grin

After reading about... urm... 14 pages of debate I think I must post some thoughts here for you. Most of us here have absolutely no idea of arbitary investments / exchanging currencies. Unless you're familiar with something similar (ie: Forex/XE/derivatives etc) I suggest you pick your cryptocurrency of choice and stick to "holding". This is the safest bet you will ever have in order to get profit. Getting in and out from exchange to exchange and currency to currency (even if you're 24/7 at it) will end up in tears for you (in most cases) if you don't have previous experience and knowledge.

I personally follow and post here the 5 rules of success for you:
1. Don't get emotional from other's people thoughts.
2. Not everyone here is a "nice person" you can trust.
3. IF YOU DON'T KNOW WHAT TO DO, DON'T TRADE.
4. HOLD!!!
5. Until you desperately need the money follow rule #4.

Good Luck!

[blacksails]

I have a serious question for ALL of you regulars here... Don't you people EVER sleep? Grin

After reading about... urm... 14 pages of debate I think I must post some thoughts here for you. Most of us here have absolutely no idea of arbitary investments / exchanging currencies. Unless you're familiar with something similar (ie: Forex/XE/derivatives etc) I suggest you pick your cryptocurrency of choice and stick to "holding". This is the safest bet you will ever have in order to get profit. Getting in and out from exchange to exchange and currency to currency (even if you're 24/7 at it) will end up in tears for you (in most cases) if you don't have previous experience and knowledge.

I personally follow and post here the 5 rules of success for you:
1. Don't get emotional from other's people thoughts.
2. Not everyone here is a "nice person" you can trust.
3. IF YOU DON'T KNOW WHAT TO DO, DON'T TRADE.
4. HOLD!!!
5. Until you desperately need the money follow rule #4.

Good Luck!

These are very good advices. It should be a sticky post in the speculation section!

[OldGeek]

I’m thinking of ways to change my long-term strategy.  All-in or all-out is just not flexible enough for me.  The overall plan disregards my mining revenue, as it will always go into cold storage, and items for everyday consumption will continue to be paid in fiat.  Therefore, my strategy only deals with my disposable, discretionary, income.

So far, I have the following as a working model:
1.   One-half of the funds go into btc for cold storage ( to be kept until ::shrug:: )
2.   The other half goes into a crypto trading account
3.   Of the funds in the trading account, no more than 50% invested at once.  The remainder (trading reserve) used to catch corrections as and where possible, then cashed back to the trading reserve.
4.   Monthly profits from the trading account (yes, big assumption there) will follow the 50% rule from 1 and 2 above.
5.   Revisit the model on a quarterly basis and adjust as required.

This seems like a reasonable plan based on my risk tolerance.  Reasonable is relative of course, but I would like some of you old timers to point out any flaws that I may have overlooked.

/Frank



Turkey on the table, so I'll be back to catch the flak later.

[Joenaes]

Tomorrow China will break a new ATH + we will reach gold parity + blackfriday + zero trading fees.

Hold on tight guys, we are in for a ride! Who's with me?!

[KieranJones1]

Are 0% trading fees likely to increase or lower the price?