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

[billyjoeallen]

Look, I'm sorry if you can lose money faster than I can make it.

This is the same prematured nonsense I heard from ShroomsKit. Why you Permabull-Guys are always thinking, if one is seeing a potencial bear market, he'll be so stupid and extreme waiting for uncertain, maybe never coming, big disasters(250 - 400). Instantly, these - you'll miss the train posting -. (or familiar meanings)

I sold at 810, rebought at 745, nevertheless potencial short/mid term bearmarket is resuming until we have leastwise a teeny-weeny new higher high.

I may be a permabull, but my magic 8 ball isn't any better than your tea leaves. I just know you're swimming against the stream. My four year log chart trumps your momentum chasing day/week charts. If it goes down, I'll be buying right with you, but only to add to my HUGE BIG GIANT STASH that I earned by not listening to chartists.

Momentum chasers are parasites that increase volatility and harm bitcoin adoption by merchants. I hate you assholes and I enjoy taking your money. Just try to make it more difficult. I like a challenge.

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[Bagatell]

Momentum chasers are parasites that increase volatility and harm bitcoin adoption by merchants. I hate you assholes and I enjoy taking your money. Just try to make it more difficult. I like a challenge.

Tell us more, please. 

[flynn]

Momentum chasers are parasites that increase volatility and harm bitcoin adoption by merchants.

This +1

And they are usually not as successful as they pretend. It's hard to beat randomness

[dgarcia]

Momentum chasers are parasites that increase volatility and harm bitcoin adoption by merchants.

This +1

And they are usually not as successful as they pretend. It's hard to beat randomness

That's true.

And even if succesful, usually it does rarely worth the stress. I'm only trading in rare cases: Last china crash, or as just mentioned, Bitinstant/Russia News. I see it more as defense than trading, even if I gain.

I tried real Daytrading with 0/0 Loss/Win and a lot of stress.

[billyjoeallen]

Momentum chasers are parasites that increase volatility and harm bitcoin adoption by merchants.

This +1

And they are usually not as successful as they pretend. It's hard to beat randomness

That's true.

And even if succesful, usually it does rarely worth the stress. I'm only trading in rare cases: Last china crash, or as just mentioned, Bitinstant/Russia News.

I tried real Daytrading with 0/0 Loss/Win and a lot of stress.

betting against the trend is so much easier.

• buy and HODL until your stake is worth ~100X what you paid for it. This should take ~1.5-3 years
• take out 10% and put it into a trading account.
• sell half of it
• • keep the account 50/50 BTC/fiat
    
  • pick a percentage of how lopsided it needs to get before you rebablance it or
    • pick a time interval between  rebalancing
      
      • keep playing until you "lose" by getting 100% fiat
        
      • cash out, spend the money on whatever you want
        
        • take 10% from your cold storage account and start over.
          
        I say "lose" because when you trade this way, your goal is to accumulate coins, not fiat. With coins going up exponentially over time, this is waaaay better than profiting in dollars. This way, you make money while trying not to. and it DECREASES volatility.

[TERA]

wow lots of new coins on the gox order book. Did they fix something?

[bangersdad]

anybody used bitsimple? ive got some funds in my pp account - is it safe to use bitsimple?

ive used virwox before but you have to buy SLC then convert to BTC - so get charged alot of commission.

[ChartBuddy]

Explanation

[billyjoeallen]

anybody used bitsimple? ive got some funds in my pp account - is it safe to use bitsimple?

ive used virwox before but you have to buy SLC then convert to BTC - so get charged alot of commission.

I haven't used bitsimple but Goat does and he has street cred. I don't like their exchange rates, but I hear they're fast. I have used virwox and they are established and take credit cards, but you have to pay two comissions to go through linden dollars and they charge you a fee for inactivity!!! I've paid almost four BTC in inactivity feeds for hodling.
if you buy there, don't keep them there unless you are actively trading.

[JorgeStolfi]

If people seriously thought that there would be a crash on the 31st, shouldn't they be selling now in anticipation of it? Clearly there's not going to be a rally in the meantime, so there's nothing to miss out on. People are hodling* because they know there's no legitimate reason for a crash.

Perhaps... But I would bet that 95% of the Chinese bitcoin traders (or of all bitcoin traders in the world, for that matter) do not know or care about external factors like the jan/31 deadline, Shrem's arrest, or the NY hearings.  At most, they will look at charts and react to the trends and patterns that they think they see.

Then there are those traders who bought at 6000 CNY and are reluctant to sell at 4800, even if they are aware of a possible crash on jan/31.

Humans are weird creatures.  They will build houses on storm-exposed beaches, on the slopes of active volcanoes, in the path of avalanches and flash floods. And they will invest all their money in "shares" of a "Bitcoin Corporation" that has no assets, no products, no services, no customers, no revenue, no business plans, and will pay no dividends, ever; because they believe that one day it will be worth a million dollars a share.

And the weirdest thing is, they may be right...

[dgarcia]

And the weirdest thing is, they may be right...

 

[TakeTheSkyRoad]

THE BITCH IS BACK

Hey y'all.

I've been taking a break from BTC/Crypto due to ongoing issues with Gox whihc my hubby has been tackling.  He has been posting here asking for advice but keeps being met with stony silence (really, you can be a rude bunch at times).

I'm not going to go into the details with Gox since there seems to enough FUD to power a small African nation but we've just transferred a small amount out of the Goxbox no problems.

Question: anyone had success moving GBP out of Gox and will they, in theory, except transfers directly to other exchanges (or does it have to go to an account with your name)?

Hope you are all well, see Adam still choochooing away. 

Love
nan
x

I follow this thread by just checking the most recent posts every now and then and I can see nobody replied so I will do my best !
(some ppl in this gossip column/mothers meeting are just rude though the thread moves quickly)

Anyway I'm interested in the same thing since I'm UK based and while I've not yet tried withdrawing anything from Gox I understand GBP/EUR withdrawals work just fine via their bank in Poland though I would advise small amounts say no more than £1000 at a time. At that level I'm sure I've seen people post they it's taken a few days to a week to have the money land in their account. 
It's USD withdrawals that are still broken and I understand there is no way to get USD out.

I would also recommend trying BTC-E if you can suffer the price difference and a euro withdrawal. I've had no problems at all with moving money in with them via SEPA though their verification process is a little odd. You submit your documents via a support ticket referencing your first transfer so there was a delay of a few days the first time but after that I made multiple deposits with just 2 to 3 days from HSBC to cash showing to spend in BTC-E

Hope this helps !

[magicmexican]

Not much happening today.

[tolega]

THE BITCH IS BACK
snip

/snip

I would also recommend trying BTC-E if you can suffer the price difference and a euro withdrawal. I've had no problems at all with moving money in with them via SEPA though their verification process is a little odd. You submit your documents via a support ticket referencing your first transfer so there was a delay of a few days the first time but after that I made multiple deposits with just 2 to 3 days from HSBC to cash showing to spend in BTC-E

Hope this helps !

My deposit to BTC-E made in November took 2 months. I ended up doing an anulation of the transaction. bitcoin.de is cheaper than btc-e, next day coins. Never again will I transfer fiat to btc-e

[ChartBuddy]

Explanation

[TakeTheSkyRoad]

THE BITCH IS BACK
snip

/snip

I would also recommend trying BTC-E if you can suffer the price difference and a euro withdrawal. I've had no problems at all with moving money in with them via SEPA though their verification process is a little odd. You submit your documents via a support ticket referencing your first transfer so there was a delay of a few days the first time but after that I made multiple deposits with just 2 to 3 days from HSBC to cash showing to spend in BTC-E

Hope this helps !

My deposit to BTC-E made in November took 2 months. I ended up doing an anulation of the transaction. bitcoin.de is cheaper than btc-e, next day coins. Never again will I transfer fiat to btc-e

That sounds like a horror story to me !  I did have an issue where the reference code they gave didn't fit into the box HSBC supply in their web form. A truncated version which still contained the account numbers worked for me and I messaged support in advance to let them know what I'd done.

[Bagatell]

Not much happening today.

Bitcoin only up 3.63% on the last 24 hours..

[magicmexican]

btc-e is really cautious nowadays, staying 10-20$ behind stamp

[podyx]

Not much happening today.

indeed

here is a little something to look at

[dgarcia]

btc-e is really cautious nowadays, staying 10-20$ behind stamp

Bearstamp now is Bullstamp.

Let's see, how long it will last.