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

[bitmover]

I think that you're being emotional and shouldn't invest at all if you can't handle massive red candles. Selling now is like buying at >15k. Now is not the time to sell, but to keep cost averaging in.

There is no guarantee that bitcoin will really bounce back one day . I believe it will, but I am totally unqualified.

Putting more money is foolish, if you already put all the money you have reserved for high risk assets.

In past it bounced from much lower marketcap, much lower media attention, much lower infrastructure (exchanges, media, wallets, ATMs, stores that accept etc).

It's not certain that it will ever reach 10k again. I believe it will, as everyone here. But how much are you willing to bet that it will? That's he point.

[BTCMILLIONAIRE]

I think that you're being emotional and shouldn't invest at all if you can't handle massive red candles. Selling now is like buying at >15k. Now is not the time to sell, but to keep cost averaging in.

There is no guarantee that bitcoin will really bounce back one day . I believe it will, but I am totally unqualified.

Putting more money is foolish, if you already put all the money you have reserved for high risk assets.

In past it bounced from much lower marketcap, much lower media attention, much lower infrastructure (exchanges, media, wallets, ATMs, stores that accept etc).

It's not certain that it will ever reach 10k again. I believe it will, as everyone here. But how much are you willing to bet that it will? That's he point.

If you already put all that money in that's on you for not keeping enough powder dry. But regardless of how much fiat you have available, selling after a ~90% drop is anything but sensible, especially when that's roughly been the turning point for most assets that plunged and didn't die. Market cap is irrelevant too by the way, at least in the peanut amounts that we are at right now. Apple is still 10x the size of Bitcoin. And that's just one company. Bitcoin is well positioned to become the backbone of future finance.

[bitmover]

Just as you said that buying at 15k is stupid, in future selling at 3500 could be a great deal. What is it goes to 1500.? That's a 100 gain if I buy back.

[BTCMILLIONAIRE]

Just as you said that buying at 15k is stupid, in future selling at 3500 could be a great deal. What is it goes to 1500.? That's a 100 gain if I buy back.

The point is that we're already down 90% and the probability of going down further decreases exponentially as we go down. You're just falling victim to the gambler's fallacy right now.


Edit: What if it goes down to $1? It was $1 before, I could sell one Bitcoin and make 3500 Bitcoins! (fat chance)

Edit2: Invest some money in a book on investing and balancing portfolios. Read it, study it. Everything you post cements the fact that you're just gambling based on emotions. Emotions that traders use to take your money and make profits.

[gentlemand]

The point is that we're already down 90% and the probability of going down further decreases exponentially as we go down. You're just falling victim to the gambler's fallacy right now.

Agreed. It's an absolute classic noob move but it's also 100% understandable. It's how regular human minds work.

Unfortunately the people you're trading against know this and do not have regular human minds. 

[bitmover]

Just as you said that buying at 15k is stupid, in future selling at 3500 could be a great deal. What is it goes to 1500.? That's a 100 gain if I buy back.

The point is that we're already down 90% and the probability of going down further decreases exponentially as we go down. You're just falling victim to the gambler's fallacy right now.


Edit: What if it goes down to $1? It was $1 before, I could sell one Bitcoin and make 3500 Bitcoins! (fat chance)

Edit2: Invest some money in a book on investing and balancing portfolios. Read it, study it. Everything you post cements the fact that you're just gambling based on emotions. Emotions that traders use to take your money and make profits.

It is down 75%, not 90%.

 I am talking about balancing portfolios, when I said that putting more money is foolish if you already invested all you wanted in high risk assets. Less than 2% of my portfolio is in cryptocurrency.

But you are right, I am being emotional. Even though what I am saying makss Sense, because BTC can still fall to 1900 (your 90% down). We are not there yet.

[LFC_Bitcoin]

The point is that we're already down 90% and the probability of going down further decreases exponentially as we go down. You're just falling victim to the gambler's fallacy right now.

Agreed. It's an absolute classic noob move but it's also 100% understandable. It's how regular human minds work.

Unfortunately the people you're trading against know this and do not have regular human minds.  

Absolutely!
I could sell everything now & I’d still be massively up on what I originally invested. The thing is though, you just know if I do that the price will go to $6,000 or $7,000 & I’d end up buying back half the amount I currently own which would be fucking retarded.

[BTCMILLIONAIRE]

The point is that we're already down 90% and the probability of going down further decreases exponentially as we go down. You're just falling victim to the gambler's fallacy right now.

Agreed. It's an absolute classic noob move but it's also 100% understandable. It's how regular human minds work.

Unfortunately the people you're trading against know this and do not have regular human minds.  

Absolutely!
I could sell everything now & I’d still be massively up on what I originally invested. The thing is though, you just know if I do that the price will go to $6,000 or $7,000 & I’d end up buying back half the amount I currently own which would be fucking retarded.

This. If you want to sell you do it on the way up, not on the way down.

[bitmover]

Ahhhhhhhh

Thank you millionaire, gentlemad and lfcbitcoin

I will hold this shit until it goes up. You are right.

Thanks

[gentlemand]

Ahhhhhhhh

Thank you millionaire, gentlemad and lfcbitcoin

I will hold this shit until it goes up. You are right.

Thanks

That's just my take for myself. Your circumstances may be very different. Take observations on board by all means but do what works for you above all.

But if you sell into euphoria and buy into fear you're going to do better than 95% of others.

[thisisntbic]

If you did not continuously admit to bcash shilling, ...

I have never admitted to 'Bcash shilling'. You need -- once again -- to check your definitions.

I have admitted to advocating for Bitcoin Cash. I will admit to advocate for Bitcoin SV.

But the universally recognized definition for 'shilling' is predicated upon renumeration for advocacy of some thing that one would not advocate for if the payment was not made.

I have never shilled for any crypto.

Your insistence in misapplying such charged language only marks you as disingenuous. And is evidence of the actual hostility in this conversation.

Rubbish.  You constantly talk your book.  And you carefully provide misleading information when you do so.  Most of the time, what you say may not be technically wrong, but invariably amounts to a misrepresentation in the broader context.  And some of the time it is outright fabrication.

This discussion is a case in point.  You are relying on a historic definition of the term shill.  We both know that is not how the word is used in 2018 in the crypto community.  But you think yourself marvelously clever for having made the distinction.   It would be most accurate to say you are a fraud and petty conman.

Well said. This is the reason i moved him on my ignore list.

Lulz @ "We use a term incorrectly, thus you using it correctly is incorrect."

edit- grammar

[dandannn]

The point is that we're already down 90% and the probability of going down further decreases exponentially as we go down. You're just falling victim to the gambler's fallacy right now.

Agreed. It's an absolute classic noob move but it's also 100% understandable. It's how regular human minds work.

Unfortunately the people you're trading against know this and do not have regular human minds. 

I completely agree however, we must take into consideration that many people invested last year, with a buy in much greater than ours. They could already be at a loss or close to a loss, which puts them at a very different mind set to us who, would need a far greater drop in price to be in their position.

[gentlemand]

I completely agree however, we must take into consideration that many people invested last year, with a buy in much greater than ours. They could already be at a loss or close to a loss, which puts them at a very different mind set to us who, would need a far greater drop in price to be in their position.

But the more elderly members expressing their views went through the exact same thing. I was underwater for getting on for three years with BTC.

[bitmover]

I completely agree however, we must take into consideration that many people invested last year, with a buy in much greater than ours. They could already be at a loss or close to a loss, which puts them at a very different mind set to us who, would need a far greater drop in price to be in their position.

Yeah . My mind set changed completely last week when the price reached my average and I become at loss.

[El duderino_]

Price is stagnating now... you guys see still a downtrend but we are approaching the end of the year.

Difficult to predict but I sniff a pump before the 31th December.

Let’s hope so, I see more sideways with a potential for slightly lower. I think we’ll rally to over $5,000 by the end of February though.

Regardless of small price movements (and that’s what they are atm imo) ......BTFD!

thought your range was more in this direction :6245    LFC_Bitcoin

it would be better

$6245 is over $5000

I think we’ll start to move upwards in Feb regardless of BAKKT, even if they delay again.

These prices are literally ‘cheap coin’.
Like Hairy said, this is a once in a lifetime opportunity, I am buying more but I just wish I had a lot more fiat.

I agree but I think we will be in this hole or lower until late 2019.  A February recovery is too early for me.  I am buying now just to hedge in case I am wrong.   

i'm a bit curious, lets say it goes how you are saying it .... longterm that major bullish (and for you best work out road for BTC?) as in healthy etc

let say theres a recovery much sooner ... february-march-may, and a BIG BULLrun following , would you say its more bad or ?

or all the same but just another unexpected road followed by BTC?

I think we have gone deep enough that this could be a base for the next bull run (from a technical / charting perspective), especially if we steeply climbed back of our current hole and leveled off at $6k. 

That would be hugely bullish.  I also think it highly unlikely.  I don’t think we will see $6k again before 2020. 

If you would be absolutely right.... one year till 6K- BULLrun till 280K

Then it would be best for 1 year world travelling (not watching price) and really think “what am i gonna do” when Corn is @ 280k-ish


Keep feeding us HM

[LFC_Bitcoin]

{snip}
But if you sell into euphoria and buy into fear you're going to do better than 95% of others.

Simple yet solid advice there ^^

If you would be absolutely right.... one year till 6K- BULLrun till 280K

Then it would be best for 1 year world travelling (not watching price) and really think “what am i gonna do” when Corn is @ 280k-ish


Keep feeding us HM

$280,000 per bitcoin...FUCKING HELL, just imagine. I’ll probably sell 10 at $100,000 to be honest. You’d be silly not to.
Instant millionaire (fiat wise).

[mindrust]

I think that you're being emotional and shouldn't invest at all if you can't handle massive red candles. Selling now is like buying at >15k. Now is not the time to sell, but to keep cost averaging in.

There is no guarantee that bitcoin will really bounce back one day . I believe it will, but I am totally unqualified.

Putting more money is foolish, if you already put all the money you have reserved for high risk assets.

In past it bounced from much lower marketcap, much lower media attention, much lower infrastructure (exchanges, media, wallets, ATMs, stores that accept etc).

It's not certain that it will ever reach 10k again. I believe it will, as everyone here. But how much are you willing to bet that it will? That's he point.

I am not %100 sure that we'll be seeing another ATH. Let's say I am quite positive. %80.

But on the other hand I am damn sure (%100) we will see another

OVER 9000! meme again in a couple years.

And if we ever pass 9k, then $20k won't look that far away.

[gembitz]

I think that you're being emotional and shouldn't invest at all if you can't handle massive red candles. Selling now is like buying at >15k. Now is not the time to sell, but to keep cost averaging in.

There is no guarantee that bitcoin will really bounce back one day . I believe it will, but I am totally unqualified.

Putting more money is foolish, if you already put all the money you have reserved for high risk assets.

In past it bounced from much lower marketcap, much lower media attention, much lower infrastructure (exchanges, media, wallets, ATMs, stores that accept etc).

It's not certain that it will ever reach 10k again. I believe it will, as everyone here. But how much are you willing to bet that it will? That's he point.

I am not %100 sure that we'll be seeing another ATH. Let's say I am quite positive. %80.

But on the other hand I am damn sure (%100) we will see another

OVER 9000! meme again in a couple years.

over $999 lol

[gentlemand]

Simple yet solid advice there ^^

I'd qualify that as when people are truly deranged, not just bullish or gloomy. $20,000 was derangement and you could see that by how rapidly it happened and how rapidly it tailed off. Same goes for the utter euphoria on r/ethtrader where triumph was unequivocally in the bag.

I'll never bother selling with the intention of buying back. I'm incapable of getting it right.

[LFC_Bitcoin]

I think that you're being emotional and shouldn't invest at all if you can't handle massive red candles. Selling now is like buying at >15k. Now is not the time to sell, but to keep cost averaging in.

There is no guarantee that bitcoin will really bounce back one day . I believe it will, but I am totally unqualified.

Putting more money is foolish, if you already put all the money you have reserved for high risk assets.

In past it bounced from much lower marketcap, much lower media attention, much lower infrastructure (exchanges, media, wallets, ATMs, stores that accept etc).

It's not certain that it will ever reach 10k again. I believe it will, as everyone here. But how much are you willing to bet that it will? That's he point.

I am not %100 sure that we'll be seeing another ATH. Let's say I am quite positive. %80.

But on the other hand I am damn sure (%100) we will see another

OVER 9000! meme again in a couple years.

over $999 lol

Oh yes ‘LOL’

 

gemblitz man, your presence on this forum is fucking pointless.

DIE !!