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

[seleme]

Well, this is not funny anymore, I definitely shorted BTC at very bad time 

You could not have known. Nobody could.

Doesn't help my wallet but yeah, it was odd one 

[maz]

Even as a short-term bear I could see last night coming a mile away. It's a basic rule that the price crashes when everyones going to the moon, so with bitfinex totally shorted out last night and everyone expecting the drop, what was there left to do but buy back in when it didn't drop, now we're back up at the high 900's when we were almost finding a stable platform at high 800's low 900's. This bull/bear yoyo'ing could go on for weeks now because there wont be another rally for a while most likely.

[Le Happy Merchant]

I don't do TA, but I'm amazed nobody has pointed out the closing triangle on the 6 month chart.

Legit TA follows:

CHOO CHOO ┗(°0°)┛!!!

Bitcointalk in a post.

[Vycid]

Half a million USD wall at $990? Pfffft.

[seleme]

And millionth time, I don't care about holding bitcoin all the time, unlike permabulls who care only about usd dollar worth of their bitcoins I care about rising my Bitcoin value. That's why I trade and that's what I managed to do trading. Bad trade here and there is acceptable and perfectly normal.

I seek constantly to increase my bitcoin holdings, but it is even more unacceptable to have fewer bitcoins than I do now than to have additional coins.

Therefore I do not even consider currency trading unless I genuinely have a larger edge on the market than the transaction fees will cost me (I do not believe this has ever been the case).

No risk, no gain.

I would be scared to trade only if I would reach quantity of Bitcoin that would make me completely happy.

Til then I'll trade like there is no tomorrow, I'll be rich soon with this shit or I won't have any.

Something between is not acceptable.

[Vycid]

And millionth time, I don't care about holding bitcoin all the time, unlike permabulls who care only about usd dollar worth of their bitcoins I care about rising my Bitcoin value. That's why I trade and that's what I managed to do trading. Bad trade here and there is acceptable and perfectly normal.

I seek constantly to increase my bitcoin holdings, but it is even more unacceptable to have fewer bitcoins than I do now than to have additional coins.

Therefore I do not even consider currency trading unless I genuinely have a larger edge on the market than the transaction fees will cost me (I do not believe this has ever been the case).

No risk, no gain.

I would be scared to trade only if I would reach quantity of Bitcoin that would make me completely happy.

Til then I'll trade like there is no tomorrow, I'll be rich soon with this shit or I won't have any.

Something between is not acceptable.

Not true. I do not believe I ever took significant risk with my ASICMiner options strategy and I made a buttload of money. I would be a millionaire if there was any depth to the derivatives market.

Where irrationality rules, money is easy.

By the way, you obviously have 100+ coins. That means if Bitcoin succeeds, even marginally, you're rich. So at this point you should stop playing games with your money.

[solex]

this is something that I can't wrap my head around. Isn't it enough that your bitcoins gain thousands of percent per year? I have few bitcoins and I'm happy with that, they will be worth a lot anyway if bitcoin will succeed. Why many of you have to have moar and moar bitcoins instead of just increase in value? When you speculate you are making volatile market and hurting bitcoin economy which is bad for all...

Human greed has no limit.

[gandhibt]

I have been saying, but it seems to be too hard to understand to some of traders here... (seleme and nemo to name a few)

If you are trading bitcoins, one good approach is that you normally have 100% BTC (from your invested fiat) and if something happens like big up or down then you should have a clear plan what to do, short-term future becomes a lot more easy to predict when these major spikes appear first.

Forget about how much USD you have short-term, focus only to get more BTC, because longest trend is UP UP UP.

I have noticed that my biggest loses (BTC) come when I'm holding USD and waiting too long. Don't wait that the price falls.

Make a plan and stick to it when something happens.

This will get you with more fiat and more btc.

Lol, what do you think I am doing my trading for but to get more BTC.

I will never get more BTC just looking it going up, up and up.

I'm very fine with having bad trades, if I only would have good ones I'd be filthy rich now.

And millionth time, I don't care about holding bitcoin all the time, unlike permabulls who care only about usd dollar worth of their bitcoins and who bought at single numbers or so and now talking bullshit about holding to me who bought my first coins in March or to those who bought at 1k, I care about rising quantity of Bitcoins I hold. That's why I trade and that's what I managed to do trading.

Bad trade here and there is acceptable and perfectly normal.

The only thing I have to force myself to avoid is to trade as less btc vs usd as possible. I'm not good in that and I usually make bad decisions in that pair as I'm extremely small fish in that pair and got run over too easily.

I am not suggesting that you hold forever.

[macsga]

Even as a short-term bear I could see last night coming a mile away. It's a basic rule that the price crashes when everyones going to the moon, so with bitfinex totally shorted out last night and everyone expecting the drop, what was there left to do but buy back in when it didn't drop, now we're back up at the high 900's when we were almost finding a stable platform at high 800's low 900's. This bull/bear yoyo'ing could go on for weeks now because there wont be another rally for a while most likely.

I'd give it a day or two... THIS IS SPART... errr.. I mean Bitcoin.

[kidbitter]

This is so strong. Hope we can just build some volume here before taking off again next week maybe. Important to build support.

[seleme]

And millionth time, I don't care about holding bitcoin all the time, unlike permabulls who care only about usd dollar worth of their bitcoins I care about rising my Bitcoin value. That's why I trade and that's what I managed to do trading. Bad trade here and there is acceptable and perfectly normal.

I seek constantly to increase my bitcoin holdings, but it is even more unacceptable to have fewer bitcoins than I do now than to have additional coins.

Therefore I do not even consider currency trading unless I genuinely have a larger edge on the market than the transaction fees will cost me (I do not believe this has ever been the case).

No risk, no gain.

I would be scared to trade only if I would reach quantity of Bitcoin that would make me completely happy.

Til then I'll trade like there is no tomorrow, I'll be rich soon with this shit or I won't have any.

Something between is not acceptable.

Not true. I do not believe I ever took significant risk with my ASICMiner options strategy and I made a buttload of money. I would be a millionaire if there was any depth to the derivatives market.

Where irrationality rules, money is easy.

By the way, you obviously have 100+ coins. That means if Bitcoin succeeds, even marginally, you're rich. So at this point you should stop playing games with your money.

Of course you took the risk, lol... The fact you think you didn't is irrelevant completely. Risk is sometimes smaller, sometimes bigger but as soon as you send coins from your wallet you're at risk . I've had many trades that look like easy money that went bad or vice verse.

Yes, I do hold 100+ btc in various crypto investments. I do not think that is enough though.

[mb300sd]

I'm feelin the amibiens... With my lick, its breaking 1000 the moment i pass out...

┗(°0°)┛!!!

[wachtwoord]

Yes, I do hold 100+ btc in various crypto investments. I do not think that is enough though.

It is. Don't take considerable risk to increase it would be my advice.

[Vycid]

And millionth time, I don't care about holding bitcoin all the time, unlike permabulls who care only about usd dollar worth of their bitcoins I care about rising my Bitcoin value. That's why I trade and that's what I managed to do trading. Bad trade here and there is acceptable and perfectly normal.

I seek constantly to increase my bitcoin holdings, but it is even more unacceptable to have fewer bitcoins than I do now than to have additional coins.

Therefore I do not even consider currency trading unless I genuinely have a larger edge on the market than the transaction fees will cost me (I do not believe this has ever been the case).

No risk, no gain.

I would be scared to trade only if I would reach quantity of Bitcoin that would make me completely happy.

Til then I'll trade like there is no tomorrow, I'll be rich soon with this shit or I won't have any.

Something between is not acceptable.

Not true. I do not believe I ever took significant risk with my ASICMiner options strategy and I made a buttload of money. I would be a millionaire if there was any depth to the derivatives market.

Where irrationality rules, money is easy.

By the way, you obviously have 100+ coins. That means if Bitcoin succeeds, even marginally, you're rich. So at this point you should stop playing games with your money.

Of course you took the risk, lol... The fact you think you didn't is irrelevant completely. Risk is sometimes smaller, sometimes bigger but as soon as you send coins from your wallet you're at risk . I've had many trades that look like easy money that went bad or vice verse.

Yes, I do hold 100+ btc in various crypto investments. I do not think that is enough though.

Upon reflection, yeah, the counterparty risk was significant. I guess I knew that at the time, although I didn't really anticipate we'd lose both Bitfunder and BTCT before the end of the year.

[macsga]

Of course you took the risk, lol... The fact you think you didn't is irrelevant completely. Risk is sometimes smaller, sometimes bigger but as soon as you send coins from your wallet you're at risk . I've had many trades that look like easy money that went bad or vice verse.

Yes, I do hold 100+ btc in various crypto investments. I do not think that is enough though.

You should hangout with Risto then. I find 100BTC perfectly enough for anyone. My advice is "Don't be greedy". All you have to do is hold.

[seleme]

I have been saying, but it seems to be too hard to understand to some of traders here... (seleme and nemo to name a few)

If you are trading bitcoins, one good approach is that you normally have 100% BTC (from your invested fiat) and if something happens like big up or down then you should have a clear plan what to do, short-term future becomes a lot more easy to predict when these major spikes appear first.

Forget about how much USD you have short-term, focus only to get more BTC, because longest trend is UP UP UP.

I have noticed that my biggest loses (BTC) come when I'm holding USD and waiting too long. Don't wait that the price falls.

Make a plan and stick to it when something happens.

This will get you with more fiat and more btc.

Lol, what do you think I am doing my trading for but to get more BTC.

I will never get more BTC just looking it going up, up and up.

I'm very fine with having bad trades, if I only would have good ones I'd be filthy rich now.

And millionth time, I don't care about holding bitcoin all the time, unlike permabulls who care only about usd dollar worth of their bitcoins and who bought at single numbers or so and now talking bullshit about holding to me who bought my first coins in March or to those who bought at 1k, I care about rising quantity of Bitcoins I hold. That's why I trade and that's what I managed to do trading.

Bad trade here and there is acceptable and perfectly normal.

The only thing I have to force myself to avoid is to trade as less btc vs usd as possible. I'm not good in that and I usually make bad decisions in that pair as I'm extremely small fish in that pair and got run over too easily.

I am not suggesting that you hold forever.

But what do you suggesting then?

I went short when it looked like drop is imminent, I usually play on safe and take moderate profits so I needed 10$ drop or so more, to put my trailing stop orders and finish that trade with profit even if it would reverse. It didn't happen, I went to bed, it rose contrary to all indicators and went away from me so I took a lost. Shit happens

I don't regret my trade at all, the only thing I partially regret is that I used leveraged shorting, that made my loss bigger. But it made my profit yesterday bigger too, bit smaller than loss but that's life

[aazssx]

Watching your futile attempts to sustain the current price will provide me with a lot of amusement over the next few days

[Carra23]

Watching your futile attempts to sustain the current price will provide me with a lot of amusement over the next few days

Whose attempts? Are you talking to your monitor?

[macsga]

Watching your futile attempts to sustain the current price will provide me with a lot of amusement over the next few days

There bear... There: https://bitcointalk.org/index.php?topic=368572.0 

[seleme]

Of course you took the risk, lol... The fact you think you didn't is irrelevant completely. Risk is sometimes smaller, sometimes bigger but as soon as you send coins from your wallet you're at risk . I've had many trades that look like easy money that went bad or vice verse.

Yes, I do hold 100+ btc in various crypto investments. I do not think that is enough though.

You should hangout with Risto then. I find 100BTC perfectly enough for anyone. My advice is "Don't be greedy". All you have to do is hold.

No, I won't hold as long as I think there is opportunity to trade.

100 could settle me for life only if BTC completely explode.

500 or 1000 could do it earlier. And I think betting with trading to reach 500/1000 is much safer option than to bet BTC will be 20-30k worth one day.