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

[Davyd05]

Obviously you are right, but most people are by nature herd animals who bet the trend. It's the interplay between the smart money and the lemmings that give us market swings. And in this market, the smart money guys take there profits in Bitcoin, not fiat.

I still think a large portion of people are hedging 25%-50% out of btc when they see a rise of 10x or greater of their buy in price, not everyone but I'd lean to a majority as in 50.01%.

If I were to have acquired a large enough amount of bitcoin earlier I'd reinvest a fair bit of those gains into properties and reinvest the profits of those properties into bitcoin. Not to mention I will get this opportunity most likely by June of this year.

 there aren't many lemmings in bitcoin yet comparatively, I know lemmings they still think this is a big ponzi.

That's way too big a hedge, IMHO. A hedge is a bet you hope you lose, like life insurance. I hedge 10% the same way stock investors typically hedge 5-10% in precious metals.
this market has had three rallies of more than 10X, but the proportional increase is going down for each successive rally.

I guess in reality it depends how well diversified one person is to begin with, and how they accumulated bitcoin. As someone young with few assets, but no debts I do look at it as benefit to owning btc and being almost all in, however if they went up 10x in value, from my avg or median buy in price I would probably sell 10-25% to begin to diversify.

[1715686983]

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[1715686983]

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[ChartBuddy]

Explanation

[billyjoeallen]

Obviously you are right, but most people are by nature herd animals who bet the trend. It's the interplay between the smart money and the lemmings that give us market swings. And in this market, the smart money guys take there profits in Bitcoin, not fiat.

I still think a large portion of people are hedging 25%-50% out of btc when they see a rise of 10x or greater of their buy in price, not everyone but I'd lean to a majority as in 50.01%.

If I were to have acquired a large enough amount of bitcoin earlier I'd reinvest a fair bit of those gains into properties and reinvest the profits of those properties into bitcoin. Not to mention I will get this opportunity most likely by June of this year.

 there aren't many lemmings in bitcoin yet comparatively, I know lemmings they still think this is a big ponzi.

That's way too big a hedge, IMHO. A hedge is a bet you hope you lose, like life insurance. I hedge 10% the same way stock investors typically hedge 5-10% in precious metals.
this market has had three rallies of more than 10X, but the proportional increase is going down for each successive rally.

I guess in reality it depends how well diversified one person is to begin with, and how they accumulated bitcoin. As someone young with few assets, but no debts I do look at it as benefit to owning btc and being almost all in, however if they went up 10x in value, from my avg or median buy in price I would probably sell 10-25% to begin to diversify.

That seems about right, but I'd keep some of that liquid in case a crash presents another buying opportunity.

[kurious]

Another BTC withdrawal from Gox of mine has not appeared on the blockchain this morning.

I was thinking to leave it to one 'exit' a day - but this cod-theory has proved fallible.

Got the last one sorted after four days, then one yesterday cam immediatley, today's (to my wallet) is nowhere after 2 hours.

Be careful, eh...?

[ChartBuddy]

Explanation

[billyjoeallen]

Seeing some action on coinbase/stamp. The rumors of bitcoin's death have been greatly exaggerated.

[TERA]

Here we go again another recovery to $820 BS and then all the trains and moons come out. Surely this one will be it.

[billyjoeallen]

Here we go again another recovery to $820 BS and then all the trains and moons come out. Surely this one will be it.

Hopefully It'll tech some of the lemmings not to join the stampede every time some fresh FUD gets slung.  Or I'll keep taking their money. I'm good either way.

[mmitech]

Here we go again another recovery to $820 BS and then all the trains and moons come out. Surely this one will be it.

too much Fiat ?

[macsga]

Bleh... if we don't see values above $1200 I won't be surpised... after all the FUD is settled I guess we'll be there. Not yet though.

HODL!!!!!!!!!!1

[eiskalt]

Bleh... if we don't see values above $1200 I won't be surpised... after all the FUD is settled I guess we'll be there. Not yet though.

HODL!!!!!!!!!!1

Red colour says it all. Gotcha

[macsga]

Bleh... if we don't see values above $1200 I won't be surpised... after all the FUD is settled I guess we'll be there. Not yet though.

HODL!!!!!!!!!!1

Red colour says it all. Gotcha

FTFU

[gizmoh]

Bitcoin is a Bear Trap Killer.
There is much resilience fighting this bad news. Big drops are rarer now, the bear in me is near capitulation..
Too much money on the sidelines i predict over 900 on Bearstamp next week if nothing happens in china past 31st.

[eiskalt]

Bleh... if we don't see values above $1200 I won't be surpised... after all the FUD is settled I guess we'll be there. Not yet though.

HODL!!!!!!!!!!1

Red colour says it all. Gotcha

FTFU

better, but should be green.

[mmitech]

Bitcoin is a Bear Trap Killer.
There is much resilience fighting this bad news. Big drops are rarer now, the bear in me is near capitulation..
Too much money on the sidelines i predict over 900 on Bearstamp next week if nothing happens in china past 31st.

yes I totally forgot about that, hahahah so how many people still believe that the price is going down that day and are waiting aside for a drop.... it will be so much fun the next couple of days 

[macsga]

better, but should be green.

TEH ART OF HODL:

[eiskalt]

better, but should be green.

TEH ART OF HODL:

now it makes sense, well done, very good indeed

[mmitech]

better, but should be green.

TEH ART OF HODL:

ahh so that 1 at the end is intentionally, I thought you forgot hitting shift each time 

[lemonte]

What time do the New York hearings kick off?

[macsga]

better, but should be green.

TEH ART OF HODL:

ahh so that 1 at the end is intentionally, I thought you forgot hitting shift each time  

The main concept is that a Hodler is typing in panic (aka: Panic Hodler) so that he is forgetting to check what he typed before pressing "post". Thus the !!!1.