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

[ChartBuddy]

Explanation

[Parazyd]

Wish Bitstamp starts catching up to Gox.

[tutkarz]

Wish Bitstamp starts catching up to Gox.

they will, when China situation will be more clear.

[oda.krell]

ok who lit up a choochoo?

I sold a little. This always happens after.

never sodl!

Ahh, the great dilemma of the BTC investor: selling opens yourself up to the risk of having to buy back at a (possibly substantial) loss later on, or worse, leaving the game too early at an overall loss or at best, minor profit. Never selling on the other hand carries the real risk of losing it all, or nearly so (cf 2011). The best solution for the majority of investors is probably a) not having more of your money in BTC than you can afford to lose, and then, indeed, b) hodl... I'm just afraid too many in here fail point a).

(doesn't apply to you though, I suspect. even if price would drop by factor 10, you'd still have quite a bit.)

[wachtwoord]

ok who lit up a choochoo?

I sold a little. This always happens after.

never sodl!

Ahh, the great dilemma of the BTC investor: selling opens yourself up to the risk of having to buy back at a (possibly substantial) loss later on, or worse, leaving the game too early at an overall loss or at best, minor profit. Never selling on the other hand carries the real risk of losing it all, or nearly so (cf 2011). The best solution for the majority of investors is probably a) not having more of your money in BTC than you can afford to lose, and then, indeed, b) hodl... I'm just afraid too many in here fail point a).

(doesn't apply to you though, I suspect. even if price would drop by factor 10, you'd still have quite a bit.)

That really depends on your definition of: "can afford to lose"

[HairyMaclairy]

also this

+1

-1 for posting about $7 bitcoin

[oda.krell]

ok who lit up a choochoo?

I sold a little. This always happens after.

never sodl!

Ahh, the great dilemma of the BTC investor: selling opens yourself up to the risk of having to buy back at a (possibly substantial) loss later on, or worse, leaving the game too early at an overall loss or at best, minor profit. Never selling on the other hand carries the real risk of losing it all, or nearly so (cf 2011). The best solution for the majority of investors is probably a) not having more of your money in BTC than you can afford to lose, and then, indeed, b) hodl... I'm just afraid too many in here fail point a).

(doesn't apply to you though, I suspect. even if price would drop by factor 10, you'd still have quite a bit.)

That really depends on your definition of: "can afford to lose"

Sure. Isn't that how all financial decisions work though, based on your individual preferences?

For me it would probably be: in case of total loss, a noticeable decrease of my overall living standard in non essential areas, i.e. if I can't afford a vacation as a result of total loss: that's okay. If I need to eat sub-standard food as a result of total loss: I invested too much.

[mmitech]

ok who lit up a choochoo?

I sold a little. This always happens after.

never sodl!

Ahh, the great dilemma of the BTC investor: selling opens yourself up to the risk of having to buy back at a (possibly substantial) loss later on, or worse, leaving the game too early at an overall loss or at best, minor profit. Never selling on the other hand carries the real risk of losing it all, or nearly so (cf 2011). The best solution for the majority of investors is probably a) not having more of your money in BTC than you can afford to lose, and then, indeed, b) hodl... I'm just afraid too many in here fail point a).

(doesn't apply to you though, I suspect. even if price would drop by factor 10, you'd still have quite a bit.)

That really depends on your definition of: "can afford to lose"

Sure. Isn't that how all financial decisions work though, based on your individual preferences?

For me it would probably be: in case of total loss, a noticeable decrease of my overall living standard in non essential areas, i.e. if I can't afford a vacation as a result of total loss: that's okay. If I need to eat sub-standard food as a result of total loss: I invested too much.

I don't have all my money invested in Bitcoin, but I do not afford to lose a penny, it doesn't matter is it bitcoin or anything else, it is hard earned money and this is why I cant lose it, as simple as that....

Edit: even though, if Bitcoin goes to 0, it wont effect my actual life style, but it would ruin my plans for the future

[ShroomsKit]

Pay attention please. I think it's time to panic sell again.

[HairyMaclairy]

Pay attention please. I think it's time to panic sell again.

We need some high quality FUD. 

[ShroomsKit]

Pay attention please. I think it's time to panic sell again.

We need some high quality FUD. 

Anything works lately.

[oda.krell]

ok who lit up a choochoo?

I sold a little. This always happens after.

never sodl!

Ahh, the great dilemma of the BTC investor: selling opens yourself up to the risk of having to buy back at a (possibly substantial) loss later on, or worse, leaving the game too early at an overall loss or at best, minor profit. Never selling on the other hand carries the real risk of losing it all, or nearly so (cf 2011). The best solution for the majority of investors is probably a) not having more of your money in BTC than you can afford to lose, and then, indeed, b) hodl... I'm just afraid too many in here fail point a).

(doesn't apply to you though, I suspect. even if price would drop by factor 10, you'd still have quite a bit.)

That really depends on your definition of: "can afford to lose"

Sure. Isn't that how all financial decisions work though, based on your individual preferences?

For me it would probably be: in case of total loss, a noticeable decrease of my overall living standard in non essential areas, i.e. if I can't afford a vacation as a result of total loss: that's okay. If I need to eat sub-standard food as a result of total loss: I invested too much.

I don't have all my money invested in Bitcoin, but I do not afford to lose a penny, it doesn't matter is it bitcoin or anything else, it is hard earned money and this is why I cant lose it, as simple as that....

Edit: even though, if Bitcoin goes to 0, it wont effect my actual life style, but it would ruin my plans for the future

So you went all USD at the (double) top, right?

[mmitech]

ok who lit up a choochoo?

I sold a little. This always happens after.

never sodl!

Ahh, the great dilemma of the BTC investor: selling opens yourself up to the risk of having to buy back at a (possibly substantial) loss later on, or worse, leaving the game too early at an overall loss or at best, minor profit. Never selling on the other hand carries the real risk of losing it all, or nearly so (cf 2011). The best solution for the majority of investors is probably a) not having more of your money in BTC than you can afford to lose, and then, indeed, b) hodl... I'm just afraid too many in here fail point a).

(doesn't apply to you though, I suspect. even if price would drop by factor 10, you'd still have quite a bit.)

That really depends on your definition of: "can afford to lose"

Sure. Isn't that how all financial decisions work though, based on your individual preferences?

For me it would probably be: in case of total loss, a noticeable decrease of my overall living standard in non essential areas, i.e. if I can't afford a vacation as a result of total loss: that's okay. If I need to eat sub-standard food as a result of total loss: I invested too much.

I don't have all my money invested in Bitcoin, but I do not afford to lose a penny, it doesn't matter is it bitcoin or anything else, it is hard earned money and this is why I cant lose it, as simple as that....

Edit: even though, if Bitcoin goes to 0, it wont effect my actual life style, but it would ruin my plans for the future

So you went all USD at the (double) top, right?

I didn't sell/buy a single bitcoin since the recovery back from 500, I sold at 860 bought back all the way down at 700-600-550 and holding since then, what I meant is at this moment I do not feel comfortable wth investing more cash in Bitcoin, I am a hardcore believer in it but there is allot of stuff in my life that I have to consider before making such decision.

I feel that I am at a good position with my Bitcoin holdings, I would like to have more bitcoins but I wouldn't feel comfortable with investing even more money now, but I will reconsider this if the price will drop dramatically

[oda.krell]

Makes sense, to me at least.

[thoughtfan]

For me it would probably be: in case of total loss, a noticeable decrease of my overall living standard in non essential areas, i.e. if I can't afford a vacation as a result of total loss: that's okay. If I need to eat sub-standard food as a result of total loss: I invested too much.

I don't have all my money invested in Bitcoin, but I do not afford to lose a penny, it doesn't matter is it bitcoin or anything else, it is hard earned money and this is why I cant lose it, as simple as that....

Edit: even though, if Bitcoin goes to 0, it wont effect my actual life style, but it would ruin my plans for the future

So you went all USD at the (double) top, right?

I didn't sell/buy a single bitcoin since the recovery back from 500, I sold at 860 bought back all the way down at 700-600-550 and holding since then, what I meant is at this moment I do not feel comfortable wth investing more cash in Bitcoin, I am a hardcore believer in it but there is allot of stuff in my life that I have to consider before making such decision.

I feel that I am at a good position with my Bitcoin holdings, I would like to have more bitcoins but I wouldn't feel comfortable with investing even more money now, but I will reconsider this if the price will drop dramatically

Let me get this right.  You say you can't afford to lose a penny (because your future plans depend on zero loss) yet you trade Bitcoins??!!  If you mean what you say I would highly recommend getting out of Bitcoins totally today, working and saving until you have some money upon which your future does not depend then buying and hodling that amount.  Personally I think you're nuts if you're playing trading with money you can't afford to lose!  But that's just my take

[macsga]

* macsga thinks it's time to refresh this into our memories...

I personally follow and post here the UPDATED 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. HODL!!!
5. Until you desperately need the money follow rule #4.

Good Luck!

[sayaz]

* macsga thinks it's time to refresh this into our memories...

I personally follow and post here the UPDATED 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. HODL!!!
5. Until you desperately need the money follow rule #4.

Good Luck!

"Don't get emotional from other people's thoughts"

> Tells people to HODL!!!!! Like you are some kind of cryptospartan, because that isn't encouraging an emotional response at all.

The emotional mindset behind you permabulls is ridiculous.

[Davyd05]

* macsga thinks it's time to refresh this into our memories...

I personally follow and post here the UPDATED 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. HODL!!!
5. Until you desperately need the money follow rule #4.

Good Luck!

"Don't get emotional from other people's thoughts"

> Tells people to HODL!!!!! Like you are some kind of cryptospartan, because that isn't encouraging an emotional response at all.

The emotional mindset behind you permabulls is ridiculous.

clearly you haven't managed to hold bitcoin for a year, sorry he's sharing what to do when you do not know what to do.
generally people who buy low and sell high do not need to refer to said rules. There are so many people who panic sell for no real reason
joining in to the panic selling herd, and strong hands pick up their cheap coins and life goes on.

http://www.cnbc.com/id/101333871 fud for tuesday.

edit: I haven't even held for a year, as I got in during October...but I sure plan to hodl tight to em

[Ashitank]

Drop incoming !

[Davyd05]

Drop incoming !

though at times this is a troll box, how about you explain why?

in honor of you rally incoming !

(in honor of me, positive pressure from the humans of the world on businesses to accept btc for transactions, new exchanges opening, more physical bitcoin atm out in the world.

are people going to hedge bitcoin if the dow continues to drop ?