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

[gandhibt]

Instead of quoting and making insults, why don't you just count your BTC and learn from them who have more??  

You're such a pathetic idiot. An extremely mentally ill troll who is full of himself.

well that's is a good example of insult with hate, good job shroomsy...

[ShroomsKit]

Your hate-posts are noise. Wise up and quit posting them.

Quite many want to hear my predictions (or yours), but nobody wants to hear how much you hate me because I am richer for the reason that I have better track record than you in BTC.

I listen to Goat and Loaded because they have more BTC than me. Then some are smarter than me for example Zanglebert, wachtwoord and oakpacific. BitChick is just cute. But the others, no need to reply just to show hate; the time is better spent honing your own excels.

Amazing that you think everyone hates you for having some money. I think many people tried to explain this to you before. People here don't hate you. They are also not jealous. They just don't like you and your attitude. They simply think you're a mentally challenged narcissistic idiot. Which you are.
Of course you refuse to understand this because of the same narcissism. It's very sad actually.

[mmitech]

This thread quite closely echo's many op-ed pieces in the press from market experts, its fairly obvious who knows the price of everything but the value of nothing. The "I've got more so therefore I know more" posts and articles are funny considering some of the biggest holders are early adopters who have no interest in the price and value their holdings purely on the systems potential and those people can move the markets as much as any whale. That's why TA is only useful as a way of seeing what the purely speculative interest sees and has little overall effect on a market that doesn't have a board, a business plan, profit and loss reports or any of the usual sources used as a base for predictions. Speculators and manipulators only move the price in a relatively narrow band, its the masses that make the big moves and a good part of that is based on the systems value. The price crashes only serve to reduce the speculative interest, they cant break the system so the value is unaffected.

+1

[MicroFi]

So much hatred, the last couple of pages.
Let's just try to agree on ignoring someone when you don't like what they're saying - it makes for a cleaner topic.

[mmitech]

So much hatred, the last couple of pages.
Let's just try to agree on ignoring someone when you don't like what they're saying - it makes for a cleaner topic.

when someone being racist or when someone being a jerk we can not just let him continue, we have to tell him to stop doing that, I agree that an aggressive an insulting way is not the way, but it has to be done....


Edit: watching something wrong and being quiet about it is worst than the wrong thing itself

[elg]

come on guys.... this way it isn't fun reading on here.....

[fognozz]

I'm with wachtwoord on this.

I'm in BTC as a binary investment, it goes to $0 or >$50K before I really care, and at that point whether I bought in at $500 or $1000 per coin really makes little difference, either I've lost my gambling money or I'm very comfortable (I'm pretty modest in my needs, no lambo for me).

So while it's fun to watch the chart, I'm not too worried about the dips and rises, it's all about the trend.

Just my .02BTC

[Parazyd]

come on guys.... this way it isn't fun reading on here.....

This is my favorite thread on this forum!

[oakpacific]

Whether it's up or down, Loaded probably is going to move the market anyway,

[heslo]

I'm with wachtwoord on this.

I'm in BTC as a binary investment, it goes to $0 or >$50K before I really care, and at that point whether I bought in at $500 or $1000 per coin really makes little difference, either I've lost my gambling money or I'm very comfortable (I'm pretty modest in my needs, no lambo for me).

So while it's fun to watch the chart, I'm not too worried about the dips and rises, it's all about the trend.

Just my .02BTC

You might be onto something there, I've never really thought about it that way

[medialab101]

So much hatred, the last couple of pages.
Let's just try to agree on ignoring someone when you don't like what they're saying - it makes for a cleaner topic.

BTC price stuck in a narrow range for the past 12 hours.... attacking each other makes the time go by quicker I suppose  

[ChartBuddy]

[mmitech]

the market really have to move now up or down, or some many feelings will be hurt today hahahahahaha

[gandhibt]

I'm with wachtwoord on this.

I'm in BTC as a binary investment, it goes to $0 or >$50K before I really care, and at that point whether I bought in at $500 or $1000 per coin really makes little difference, either I've lost my gambling money or I'm very comfortable (I'm pretty modest in my needs, no lambo for me).

So while it's fun to watch the chart, I'm not too worried about the dips and rises, it's all about the trend.

Just my .02BTC

if you invest $1000 at $500 or at $1000, your invest is at $50k = $100k or $50k, there's $50k difference

this is not so trivial as it seems because at that point fiat is faster and faster losing its value, i think that it's shorter amount of time to go from $100 to $1000 than from $100k to $1000k, despite the fact that there has to be a lot more fiat involved, in 100k-1000k case fiat collapses like zimbabwes dollar

but its a long way to there and it's not certain that we get there

[rpietila]

;TLDR Not being in Bitcoin today is too risky.

This is what I also believed before jumping in to be a full time market analyst. But with decent excel skills it is possible to model many situations where it makes sense to have less than 100% in bitcoins, or trade.

I have so many lines of data and charts, for example I have analysed the bottoms of the recent crashes to 5 minute precision in all of the exchanges to find out where I get the coins cheapest and in largest quantity, and how quickly it falls, how quickly it bounces back, what volume is reasonable to expect, so what size of orders are best to use. From next week I have a new half-time assistant doing mainly the analysis of exchange behavior, so that the capturing of tops and bottoms should happen with even greater precision.

Why I mentioned limit orders is that unless you have 24/7 trading (which I don't know if anyone has), it is reasonable to have quite a lot of fiat parked in the range 20-50% below the current price. The crashes are so deep and in a sense so predictable (not possible to know when they will happen, but play out quite the same every time) that the exact placement of orders can net you BTC10s easily. For example the Silk Road crash was an actual opportunity to buy at $90 in October. Yes, December-November-October. So many things happen in Bitcoin which cannot be predicted but can be captured with limit orders. Not being in Bitcoin is risky, but cutting your # of coins in half by insisting to buy now is not too smart either.

It is a shame that only stupid people tend to reply to my analysis, you know the ones who only want to know if the market will go up this afternoon (which in fact is the thing I could influence the most, thus nullifying the actual predicting) and cannot comprehend an advanced prediction such as "with 70% certainty we visit $450 before hitting $1,100 which makes it a wildly profitable +32% EV play after fees".

I am sorry if any person in any standing whatsoever has been offended because of my hard speech towards the trolls who don't know how to behave respectfully.

Besides there are some strawmen arguments that I have been wrong with market calls. There is one that I remember (quitting yelling "crash" when we had climbed to the top) but every other call since the start of the October bull market has been correct afaik. If you want to say that I was wrong, please post the wrong call in context and explain why it was wrong. Or refrain from lying.

[MicroFi]

Meanwhile on Gox ...

[fognozz]

I'm with wachtwoord on this.

I'm in BTC as a binary investment, it goes to $0 or >$50K before I really care, and at that point whether I bought in at $500 or $1000 per coin really makes little difference, either I've lost my gambling money or I'm very comfortable (I'm pretty modest in my needs, no lambo for me).

So while it's fun to watch the chart, I'm not too worried about the dips and rises, it's all about the trend.

Just my .02BTC

if you invest $1000 at $500 or at $1000, your invest is at $50k = $100k or $50k, there's $50k difference

this is not so trivial as it seems because at that point fiat is faster and faster losing its value, i think that it's shorter amount of time to go from $100 to $1000 than from $100k to $1000k, despite the fact that there has to be a lot more fiat involved, in 100k-1000k case fiat collapses like zimbabwes dollar

but its a long way to there and it's not certain that we get there

I understand your logic, gandhibit, but for me, I've bought enough BTC (small amount) that at a BTC price of 50K (which I believe is possible) my life will be very comfortable. Yeah, having twice that would be fun (due to buying BTC at, say $500 instead of $1000), but it's not going to significantly change my lifestyle (my desires are pretty simple). And avoiding the stress of trying to time the dips and daytard to get more BTC is priceless to me.

Thanks for the comments!

[chilin_dude]

^ Yes, but by that logic then the price hitting 25k having bought at $500 as opposed to $1,000 is the same as it hitting $50k, so it does make a big difference - double.

[macsga]

WTF happened while I was missing? You turned one unto each other here?
Let's see some pennants

and double bottoms

and return to normal speculation stuff, shall we? 

[fognozz]

^ Yes, but by that logic then the price hitting 25k having bought at $500 as opposed to $1,000 is the same as it hitting $50k, so it does make a big difference - double.

You are totally correct, but I'm looking at it in a different way than just numerically. I have an extremely long investment timeframe (10 years or more), and modest desires, so any kind of "large gains" will create a life-improving situation for me.

So 10K, 50K, 1000K per BTC it's all fine....although I'd be concerned about the high end. Frankly, I've read and seen what "wealth beyond avarice" does to people, I don't assume that I'm going to be the one who would resist that.