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

[T.Stuart]

Sold 20% of my holdings @845, got a feeling all this uncertainty will send us down soon.

Is that why you were uncertain about how much to sell?  

[1714136909]

1714136909

[1714136909]

1714136909

[damiano]

I wonder if this will affect BTCe

http://www.cryptocoinsnews.com/2014/01/15/breaking-news-russia-may-outlaw-bitcoin-russian-voice/

hmm

china..
russia..

whos next?

india and brazil. bric countries against the NWO coin

No offense to India, but I have a handful of friends that live there and I have been told that majority of that country is very poor with a small middle class and a handful of the wealthy.  I don't think the majority would put to much into bitcoins.

[The Bitcoin Foundation]

http://s17.postimg.org/3kbtbnwkv/Screenshot_4.png

If you sell here do not lose sleep of being left behind

I encourage anyone to look at the weekly chart. I have looked at ever bubble pop / crash / bounce since the beginning and have noticed that anyone you sells above the 7 week moving average post bubble pop bounce CAN REBUY THEIR POSITION for less that they sold for if not substantially less at a later time. Look at the chart yourself. If you sell here don't lose sleep that the train will take off without you.

Now if you sold below the blue line it may be a different story. But it should put alot of ease to people thinking about closing their position (with intention to re-open) currently.

I was just using that as an example you can go back since BTC = $1 and come to the same conclusion

Maybe you can.  I just looked and in my opinion it is not a signal worth risking money on.  My conclusion is that you are seeing what you want to see.  Trading using a single indicator is one of the shortest paths to an empty trading account.



Im speaking to the buy and hold crowd,. You know the ones who don't want to day trade but still want to increase their BTC stack. We just ran up from 100 to 1200! how can anyone possibly have an empty bank account by selling now at $950? with the intention to buy back 20% cheaper ? Again read what I wrote. Historyically speaking anyone who did this could have rebought their position NO MATTER WHAT at a cheaper price at a far later time.

Meaning, after a POP the train does not take off again without a a few months decline

Unless of course you think 1200 to 400 was just one big bear trap in which case we should be shooting up past ATH by now

If you are speaking to the "buy and hold crowd" and not traders, then you're wasting your breath by recommending a sale.  They are, after all, the "buy and hold crowd".  Sure, historically speaking it has worked out, but futuristically speaking, you should have dramatically less certainty, especially given the extremely limited data set you are drawing your conclusions from.

Look at what happends AFTER a crash. it NEVER just shoots up to continue on to new ATHs. It has to test support levels and allow time to rethink or sell before any confidence can be restored and more panic buying can resume.

I've been here since before $1.  You're not going to convince me by telling me to look at the charts.  I saw them as they happened.  If you want to gamble, be my guest.  But if you advertise it as a sure thing, I will call you out.

Lets revisit this and see who is right . To qoute me Selling now at $950  with re-buy set at $760 (-20%)

Meaning even though Im bullish I recognize $760 WILL be revisited before going back up. Increasing my BTC holding 20%, Lets revisit this in a Month (if not sooner) and see how it plays out shall we.

[granathus]

Sold 20% of my holdings @845, got a feeling all this uncertainty will send us down soon.

Is that why you were uncertain about how much to sell?  

I am never certain about anything, I follow my intuition and my heart. This will certainly be my downfall

[notme]

If you sell here do not lose sleep of being left behind

I encourage anyone to look at the weekly chart. I have looked at ever bubble pop / crash / bounce since the beginning and have noticed that anyone you sells above the 7 week moving average post bubble pop bounce CAN REBUY THEIR POSITION for less that they sold for if not substantially less at a later time. Look at the chart yourself. If you sell here don't lose sleep that the train will take off without you.

Now if you sold below the blue line it may be a different story. But it should put alot of ease to people thinking about closing their position (with intention to re-open) currently.

I was just using that as an example you can go back since BTC = $1 and come to the same conclusion

Maybe you can.  I just looked and in my opinion it is not a signal worth risking money on.  My conclusion is that you are seeing what you want to see.  Trading using a single indicator is one of the shortest paths to an empty trading account.



Im speaking to the buy and hold crowd,. You know the ones who don't want to day trade but still want to increase their BTC stack. We just ran up from 100 to 1200! how can anyone possibly have an empty bank account by selling now at $950? with the intention to buy back 20% cheaper ? Again read what I wrote. Historyically speaking anyone who did this could have rebought their position NO MATTER WHAT at a cheaper price at a far later time.

Meaning, after a POP the train does not take off again without a a few months decline

Unless of course you think 1200 to 400 was just one big bear trap in which case we should be shooting up past ATH by now

If you are speaking to the "buy and hold crowd" and not traders, then you're wasting your breath by recommending a sale.  They are, after all, the "buy and hold crowd".  Sure, historically speaking it has worked out, but futuristically speaking, you should have dramatically less certainty, especially given the extremely limited data set you are drawing your conclusions from.

Look at what happends AFTER a crash. it NEVER just shoots up to continue on to new ATHs. It has to test support levels and allow time to rethink or sell before any confidence can be restored and more panic buying can resume.

I've been here since before $1.  You're not going to convince me by telling me to look at the charts.  I saw them as they happened.  If you want to gamble, be my guest.  But if you advertise it as a sure thing, I will call you out.

Lets revisit this and see who is right . To qoute me Selling now at $950  with re-buy set at $760 (-20%)

Meaning even though Im bullish I recognize $760 WILL be revisited before going back up. Increasing my BTC holding 20%, Lets revisit this in a Month (if not sooner) and see how it plays out shall we.

I'm not disagreeing that it might go down.  I'm disagreeing that it will go down with 100% certainty.  Giving it a month won't prove anything about my position no matter what happens.

[donut]

If you sell here do not lose sleep of being left behind

I encourage anyone to look at the weekly chart. I have looked at ever bubble pop / crash / bounce since the beginning and have noticed that anyone you sells above the 7 week moving average post bubble pop bounce CAN REBUY THEIR POSITION for less that they sold for if not substantially less at a later time. Look at the chart yourself. If you sell here don't lose sleep that the train will take off without you.

Now if you sold below the blue line it may be a different story. But it should put alot of ease to people thinking about closing their position (with intention to re-open) currently.

I was just using that as an example you can go back since BTC = $1 and come to the same conclusion

Maybe you can.  I just looked and in my opinion it is not a signal worth risking money on.  My conclusion is that you are seeing what you want to see.  Trading using a single indicator is one of the shortest paths to an empty trading account.



Im speaking to the buy and hold crowd,. You know the ones who don't want to day trade but still want to increase their BTC stack. We just ran up from 100 to 1200! how can anyone possibly have an empty bank account by selling now at $950? with the intention to buy back 20% cheaper ? Again read what I wrote. Historyically speaking anyone who did this could have rebought their position NO MATTER WHAT at a cheaper price at a far later time.

Meaning, after a POP the train does not take off again without a a few months decline

Unless of course you think 1200 to 400 was just one big bear trap in which case we should be shooting up past ATH by now

If you are speaking to the "buy and hold crowd" and not traders, then you're wasting your breath by recommending a sale.  They are, after all, the "buy and hold crowd".  Sure, historically speaking it has worked out, but futuristically speaking, you should have dramatically less certainty, especially given the extremely limited data set you are drawing your conclusions from.

Look at what happends AFTER a crash. it NEVER just shoots up to continue on to new ATHs. It has to test support levels and allow time to rethink or sell before any confidence can be restored and more panic buying can resume.

I've been here since before $1.  You're not going to convince me by telling me to look at the charts.  I saw them as they happened.  If you want to gamble, be my guest.  But if you advertise it as a sure thing, I will call you out.

Lets revisit this and see who is right . To qoute me Selling now at $950  with re-buy set at $760 (-20%)

Meaning even though Im bullish I recognize $760 WILL be revisited before going back up. Increasing my BTC holding 20%, Lets revisit this in a Month (if not sooner) and see how it plays out shall we.

I'm not disagreeing that it might go down.  I'm disagreeing that it will go down with 100% certainty.  Giving it a month won't prove anything about my position no matter what happens.

Please design a scenario in which your position will be proven false.

[knarzo]

I wonder if this will affect BTCe

http://www.cryptocoinsnews.com/2014/01/15/breaking-news-russia-may-outlaw-bitcoin-russian-voice/

hmm

china..
russia..

whos next?

india and brazil. bric countries against the NWO coin

No offense to India, but I have a handful of friends that live there and I have been told that majority of that country is very poor with a small middle class and a handful of the wealthy.  I don't think the majority would put to much into bitcoins.

Does it matter if they put "much" in? x% growth per month would even encourage poor people to buy Bitcoin. And the chance of getting rewarded is higher than to buy a lottery ticket or am i missing something?

[notme]

If you sell here do not lose sleep of being left behind

I encourage anyone to look at the weekly chart. I have looked at ever bubble pop / crash / bounce since the beginning and have noticed that anyone you sells above the 7 week moving average post bubble pop bounce CAN REBUY THEIR POSITION for less that they sold for if not substantially less at a later time. Look at the chart yourself. If you sell here don't lose sleep that the train will take off without you.

Now if you sold below the blue line it may be a different story. But it should put alot of ease to people thinking about closing their position (with intention to re-open) currently.

I was just using that as an example you can go back since BTC = $1 and come to the same conclusion

Maybe you can.  I just looked and in my opinion it is not a signal worth risking money on.  My conclusion is that you are seeing what you want to see.  Trading using a single indicator is one of the shortest paths to an empty trading account.



Im speaking to the buy and hold crowd,. You know the ones who don't want to day trade but still want to increase their BTC stack. We just ran up from 100 to 1200! how can anyone possibly have an empty bank account by selling now at $950? with the intention to buy back 20% cheaper ? Again read what I wrote. Historyically speaking anyone who did this could have rebought their position NO MATTER WHAT at a cheaper price at a far later time.

Meaning, after a POP the train does not take off again without a a few months decline

Unless of course you think 1200 to 400 was just one big bear trap in which case we should be shooting up past ATH by now

If you are speaking to the "buy and hold crowd" and not traders, then you're wasting your breath by recommending a sale.  They are, after all, the "buy and hold crowd".  Sure, historically speaking it has worked out, but futuristically speaking, you should have dramatically less certainty, especially given the extremely limited data set you are drawing your conclusions from.

Look at what happends AFTER a crash. it NEVER just shoots up to continue on to new ATHs. It has to test support levels and allow time to rethink or sell before any confidence can be restored and more panic buying can resume.

I've been here since before $1.  You're not going to convince me by telling me to look at the charts.  I saw them as they happened.  If you want to gamble, be my guest.  But if you advertise it as a sure thing, I will call you out.

Lets revisit this and see who is right . To qoute me Selling now at $950  with re-buy set at $760 (-20%)

Meaning even though Im bullish I recognize $760 WILL be revisited before going back up. Increasing my BTC holding 20%, Lets revisit this in a Month (if not sooner) and see how it plays out shall we.

I'm not disagreeing that it might go down.  I'm disagreeing that it will go down with 100% certainty.  Giving it a month won't prove anything about my position no matter what happens.

Please design a scenario in which your position will be proven false.

My position is that nobody can predict the future with 100% certainty.  If you disagree, you need to prove that someone can predict the future with 100% certainty.  Good luck.

[Sitarow]

[ChartBuddy]

Explanation

[adamstgBit]

this just in 400BTC wall at virtex is being eaten!

this is a really big wall for virtex...

wall down! wall down!

GO GO GO!

 

edit: actually the wall was half eaten and then moved to 920$

[fr33d0miz3r]

SOON 

[podyx]

this just in 400BTC wall at virtex is being eaten!

this is a really big wall for virtex...

wall down! wall down!

GO GO GO!

 

[adamstgBit]

SOON  

*img*

thats nasty what happened he jumped because bitcoin.

lol

[Chancellor]

kinda glad I sodled, looks like we're going to be going down soon

My selling level is 853. If it won't happen this time, I hold.

[Davyd05]

this just in 400BTC wall at virtex is being eaten!

this is a really big wall for virtex...

wall down! wall down!

GO GO GO!

 

edit: actually the wall was half eaten and then moved to 920$

yessir was about to point that edit out..

http://rare.us/story/overstock-com-ceo-attacks-krugman-hopefully-bitcoin-will-destroy-central-banking/ listen to this.. it made my fucking day.. lol just absolute gold

edit: Adam did you see the bit on cp24 bit the atm and coinkite, well I guess you need to be in Toronto for that. Perhaps thats why we have a mid day rally on cavirtex lol

[adamstgBit]

this just in 400BTC wall at virtex is being eaten!

this is a really big wall for virtex...

wall down! wall down!

GO GO GO!

 

edit: actually the wall was half eaten and then moved to 920$

yessir was about to point that edit out..

http://rare.us/story/overstock-com-ceo-attacks-krugman-hopefully-bitcoin-will-destroy-central-banking/ listen to this.. it made my fucking day.. lol just absolute gold

edit: Adam did you see the bit on cp24 bit the atm and coinkite, well I guess you need to be in Toronto for that. Perhaps thats why we have a mid day rally on cavirtex lol

no i didn't see that

http://rare.us/story/overstock-com-ceo-attacks-krugman-hopefully-bitcoin-will-destroy-central-banking/

good video.

virtex is seriously melting up

[Davyd05]

this just in 400BTC wall at virtex is being eaten!

this is a really big wall for virtex...

wall down! wall down!

GO GO GO!

 

edit: actually the wall was half eaten and then moved to 920$

yessir was about to point that edit out..

http://rare.us/story/overstock-com-ceo-attacks-krugman-hopefully-bitcoin-will-destroy-central-banking/ listen to this.. it made my fucking day.. lol just absolute gold

edit: Adam did you see the bit on cp24 bit the atm and coinkite, well I guess you need to be in Toronto for that. Perhaps thats why we have a mid day rally on cavirtex lol

no i didn't see that

http://rare.us/story/overstock-com-ceo-attacks-krugman-hopefully-bitcoin-will-destroy-central-banking/

good video.

virtex is seriously melting up

http://blog.coinkite.com/post/73407192238/bitcoin-atm-and-coinkite-on-citynews

melt up up up and to mars. lol

[windjc]

Looks like to me we are in a pretty obvious consolidation with higher lows and lower highs.  

I would not be surprised if this triangle didn't play out until the end of the month. Seems like traders are controlling the market right now. I kinda expect a boring market over the next two weeks barring news.

[Patel]

I wonder if this will affect BTCe

http://www.cryptocoinsnews.com/2014/01/15/breaking-news-russia-may-outlaw-bitcoin-russian-voice/

hmm

china..
russia..

whos next?

india and brazil. bric countries against the NWO coin

No offense to India, but I have a handful of friends that live there and I have been told that majority of that country is very poor with a small middle class and a handful of the wealthy.  I don't think the majority would put to much into bitcoins.

India may not have alot of wealth, but the people there cherish gold. Even the poorest people in India keep gold in their hands. The fact that Bitcoin has so many gold-like properties is my reason why I think Bitcoin would do great in India. Although the Indian government might not like it.