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

[traderCJ]

If BTC can't leave Gox, why would the other exchanges drop?  I'd say that if coins can't leave an exchange, it is no longer a player.

Yeah.

All this talk of Gox driving down the market but the lionshare of sell-off volume has been on the exchange where fiat is cashed out the easiest and fastest, Bitstamp.

Hmmmm.

[empowering]

It's the best strategy for losing traders. That is all.

Nope. Most bitcoiners are actually holders. Otherwise, the price wouldn't be where it is.

Many bitcoiners may be holders but I think you fully misunderstand the point.

Well, it is hard to lose trading if you don't trade.
And I think it is stupid to believe that you can beat this market. Maybe some can, some are lucky, perhaps there are even obvious opportunities where it is stupid to hold, but all in all I'm convinced it is the best strategy for (nearly) everyone.
So, yes, maybe he is right

If you are slow and lazy Buy & Hold is a very good strategy. And it's stress-free (very valuable).

 But it's far away from beeing the holy grail.

That we will only know with more time I am afraid... your argument does not allow for the fact that the outcome of hodlling will not be known for x amount of time in the future (2,3 years 5, 10?)  

The only indication we have of the outcome of hodling Bitcoin for over say 2-3-5 years is the past, so in the years since 2009 if we were to do a survey asking people that bought and held for say 2, 3, or 5 years what the return in their investment was and if it worked out as a good strategy what do you think the answer would be? all of them would say it was great... by contrast I am sure that there are many people who have day /short term traded and made a mint... but many have lost it all, lost money on margin, ploughed bad money after bad ... sure there are the ones doing well... bully for them... but as a whole, as it stands today, the safest, and probably (depending on how good you are at trading)  most profitable way is to buy and hold long term... or to realise some profits as the price climbs and buy dips sure..  but risking coin to make coin is all good and well if you are adept... and some are more than others.. but I have been around fx and pm's  long enough to know that weak inexperienced hands get burnt over and over, and with much less volatility than BC has to offer..  The past is not the best indicator of the future, but it is an indicator all the same.. The fundamentals with Bitcoin scream buy and hodl, so it is an easy decision.. with the aside that it is pretty much a binary outcome scenario.. and to only risk what you can afford to invest.


EDIT Also depends on what your end goal is, and what your lifestyle allows and wants...   

[ChartBuddy]

Explanation

[gentlemand]

Day trading sounds like a wonderful idea. There's no way I'd have the time, patience, skills or luck to make it work consistently.

There have been a couple of blatant no brainers recently like the China news and more Goxness. I've usually been sleeping peacefully or off the grid when that happened.

I'll remain slow and unimaginative and maintain my faith in the Bitcoin concept.

[keithers]

I wonder where we are going to stabilize off at?   I have a bad feeling there will be more bad news out of Gox coming any time soon...

[adamstgBit]

I'm buying  

[kkaspar]

[empowering]

LOOKS FUN

[KFR]

I'm buying  

Mine's a vodka coke please.  Ice no lemon.  Ta!

[dgarcia]

I'm buying  

Is it now the price where you sold last time?

[adamstgBit]

I'm buying  

Is it now the price where you sold last time?

ya pretty much...

I'm showing a profit on my trade ( fucking finally! ) so i'll start providing support.

[surfer43]

I'm buying  

good to know 
I'm hodling 

[empowering]

I am about to slay a kitten




... that is if she will let me ; )

[empowering]

sorry wrong gif ah ha ahemm (I really did put the wrong gif up, ha ha... thought I would leave it there as the accidental choice of gif was hilarious!!)

It was supoosed to be:

I am about to slay a kitten



... that is if she will let me ; )

[Syke]

<censored for everyone's benefit>

Fuck off and stop yelling, it's very impolite.

Don't waste your time. Click his ignore button like everyone else has done.

[surfer43]

sorry wrong gif ah ha ahemm (I really did put the wrong gif up, ha ha... thought I would leave it there as the accidental choice of gif was hilarious!!)

It was supoosed to be:

I am about to slay a kitten



... that is if she will let me ; )

wtf?

[empowering]

sorry wrong gif ah ha ahemm (I really did put the wrong gif up, ha ha... thought I would leave it there as the accidental choice of gif was hilarious!!)

It was supoosed to be:

I am about to slay a kitten



... that is if she will let me ; )

wtf?

not much time to explain... but hint: it involves my girlfriend.. and another hint: it does not involve any slaying...  gotta go ... happy trading


 

[ChartBuddy]

Explanation

[shmadz]

Ok so it seems Gox is just going to be dead. Other exchanges are already getting ready to replace it from there.

-> http://www.coindesk.com/secondmarket-takes-first-step-to-becoming-us-exchange-with-new-seller-service/

apologies on posting out of turn, still catching up, but this second market thing started out like this exclusive club, only for "sophisticated" investors.

And now some bat-shit crazy mofo like myself with a measly 25 bitcoin in my wallet can get in on the action?

Whatever, I guess I'm glad to be part of the club?

[arklan]

Gox still dropping, 20 usd below stamp...