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

[JayJuanGee]

Just hit $20 and the $850,000 wall has moved up to match.... wow

It was textbook...and now it's gone.

True but it's the most excitement there's been round here in weeks lol

It helps that I'm holding LTC and personally I'm waiting to see how things stand tomorrow.
Feels like today is a warm up

sell the news tomorrow?

Well since Huobi kick in with LTC trading tomorrow my reasoning is that there is the promise higher prices than $20
If not then I'm hoping/gambling that the 18$ and above should hold at least but I bought at $16.2 so looking safe.

Really I want to trade back to BTC so I'm hoping BTC stays put at $620 ish
That's unlikely though lol

I think the key component of your statement is "that's unlikely though."     All these cryptos seem to be too connected and foggy  in the recent months.... accordingly, they do NOT really seem to be self-contained units... especially if one of the bigger ones gets public attention of some sort... and a somewhat ironic thing about this particular situation seems to be that LTC has a potential here, maybe only in the very short term of a few weeks, to drive upward various crypto prices.... I do NOT really buy zero sum game arguments, even though there may be some of that occurring, too (between some coins).

[JayJuanGee]

you shouldn't get emotionally attached to anything even Bitcoin, when ever you see a chance you jump in, this is why you jumped into bitcoin the first place, fanatics are the worst type....

Haha very true, don't anyone misunderstand my earlier post (edit : as gloating).
I might have got lucky catching this LTC train but those LTC were picked up with BTC bought back in Nov/Dec in the $800-$900 range.

I bought BTC high and have been trying to increase holdings ever since.
This will just help me slowly out of the red lol

HOW far into the red are you?   Truly, given all the low buy opportunities over the last three months, you must be below $800 average buy-in BTC price, no?

[ChartBuddy]

Explanation

[JayJuanGee]

Today's volatility data. ChartBuddy didn't insert it, the lazy arse.

BTCUSD	617.31	617.31	591.13	0.627466329916925
GBPUSD	1.6647	1.6655	1.6605	-0.522365975197819
EURUSD	1.3932	1.3943	1.3880	-0.344672916332603
JPYUSD	0.0099	0.0099	0.0098	0.00436480540245543
UAHUSD	0.1024	0.1041	0.1024	0.22014896473846

I don't mean to get too personal with you, Richy_T, but I was wondering whether you and Chartbuddy have a special relationship? 

For example, will chartbuddy take your side in a political discussion?  or does chartbuddy do the opposite?  B/c if chartbuddy does the opposite, then you may want to try some reverse psychology with him/her? 

[TakeTheSkyRoad]

you shouldn't get emotionally attached to anything even Bitcoin, when ever you see a chance you jump in, this is why you jumped into bitcoin the first place, fanatics are the worst type....

Haha very true, don't anyone misunderstand my earlier post (edit : as gloating).
I might have got lucky catching this LTC train but those LTC were picked up with BTC bought back in Nov/Dec in the $800-$900 range.

I bought BTC high and have been trying to increase holdings ever since.
This will just help me slowly out of the red lol

HOW far into the red are you?   Truly, given all the low buy opportunities over the last three months, you must be below $800 average buy-in BTC price, no?

Well I bought first coins back in June but that was just a tester.

My big buy in started late November and I'd spent all I had budgeted by the first week in January.
Not the best timing in retrospect but there's no crystal ball for this and I'm in for the long term ride with a plan to take stock after 12/18 months.

However if I can lower my average cost in the mean time then that's all good (but not without risk).
Ideally I'd like to bring my buy in down to more like $600

[spooderman]

wtf kind of poll is that? If I believed this ship would sink I would not be on it, I don't so the poll is meaningless.

From the perspective of a super bear I guess that means my answer is "yes," but from my perspective it's like asking how long purple is.

[PoolMinor]

how long purple is.

288

[JayJuanGee]

you shouldn't get emotionally attached to anything even Bitcoin, when ever you see a chance you jump in, this is why you jumped into bitcoin the first place, fanatics are the worst type....

Haha very true, don't anyone misunderstand my earlier post (edit : as gloating).
I might have got lucky catching this LTC train but those LTC were picked up with BTC bought back in Nov/Dec in the $800-$900 range.

I bought BTC high and have been trying to increase holdings ever since.
This will just help me slowly out of the red lol

HOW far into the red are you?   Truly, given all the low buy opportunities over the last three months, you must be below $800 average buy-in BTC price, no?

Well I bought first coins back in June but that was just a tester.

My big buy in started late November and I'd spent all I had budgeted by the first week in January.
Not the best timing in retrospect but there's no crystal ball for this and I'm in for the long term ride with a plan to take stock after 12/18 months.

However if I can lower my average cost in the mean time then that's all good (but not without risk).
Ideally I'd like to bring my buy in down to more like $600

Yes, I can relate to some degree. 

I have a fairly accurate Excel spreadsheet that allows me to keep track of various particulars regarding my BTC investment actions.

And, I have employed a couple of methods to attempt to bring down my average BTC buy-in price, which I am sure are similar to what you have attempted.. maybe with differing budget, timing (or luck).

One tactic has been to attempt to buy more BTC at a lower price (if we can figure that out), and then the other tactic is to trade... sell and then buy again lower (if we can figure that out).  I got burned a few times trying the trade method..  so I feel a bit more comfortable with the keep buying method.

In the end, we each buy within our budget, risk tolerance and prediction parameters and attempt to budget accordingly without panicking.

Whether rosie color glasses or NOT, I was thinking 1-2 years in BTC, too... unless there is some dramatic news that changes the fundamentals...Accordingly, in the end, within the coming months, BTC does seem to be have pretty good fundamentals and upside potential to get us into the black and to cause us to stay in the black... with a little cushion....

[bitcodo]

how long purple is.

288

Isn't wavelength about 400 nm?

[spooderman]

how long purple is.

288

Isn't wavelength about 400 nm?

lol fucking bitcoiners. So damn knowledgeable.

[billyjoeallen]

LTC is closer to thread than the twenty pages of philisophical ranting about the true nature of man ...

The true nature of man is irrelevant. If man is basically good, then no monopoly government is necessary. If Man is basically evil, then a monopoly government is too dangerous, because politicians, bureaucrats and cops are men too.  

Even though the nature of man was somewhat woven into parts of our more than 50 scattered pages of discussion of such topics, nature of man was NOT really the essence of the side track... if we should call it a side track....   I think that we were mostly focused around the extent to which government is necessary in a future society which hinged upon questions regarding whether government served any meaningful purpose that would justify receiving taxes whether voluntarily or by force.  Surely, some posters were weaving in other topics as well and even deviating from the deviation... and possibly even I was guilty of such..... especially when from time to time my own human nature was put into question... ... .......... It's all good, no? 

We both agree that governance is necessary. It's your conflation of governance with monopoly government that is the sticking point. Just using the phrase "the extent to which (monopoly) government is necessary" indicates that you don't quite understand my position, even enough to disagree with it. Competing market participants can provide all the services a monopoly can provide and do so for less costs and no coercion. The one thing they can't do is coerce their customers into paying for things they may not want or need. I argue this makes competitive distributed governance a better choice. You argue this makes it a worse one.

As to your nature, I assume that you are arguing in good faith. I wouldn't waste my time otherwise. What concerns me is that you are advocating using threat of force against me for my own good. This is as ludicrous as if I argued that I should rape your sister for her own good. It doesn't matter how good of a mating prospect I am or what her other options are. It's not my decision to make. Similarly, it doesn't matter if monopoly governments made us all infinitely richer, safer or happier. If they don't make us more free, they are not worth having.

A government that doesn't allow competition for governance must believe that it couldn't compete in a free market. They may have good reason to believe that.
If U.S. dollars need legal tender laws to ensure their utility as a store of value and medium of exchange, I think this indicates a weakness, not a strength.

[Richy_T]

For example, will chartbuddy take your side in a political discussion? 

No, I'm a libertarian whereas Chartbuddy believes in an over-arching techno-tyranny and the extermination of all humans (His father was a T-1000 and his mother a Saberhagen Berserker). It can make discussions tense sometimes.

[bassclef]

For example, will chartbuddy take your side in a political discussion? 

No, I'm a libertarian whereas Chartbuddy believes in an over-arching techno-tyranny and the extermination of all humans (His father was a T-1000 and his mother a Saberhagen Berserker). It can make discussions tense sometimes.

That'll make for some awkward dinner conversations.

[PoolMinor]

how long purple is.

288

Isn't wavelength about 400 nm?

Oh, the "Color Purple" is 288 pages. 

[solarflare]

Yes, I can relate to some degree. 

I have a fairly accurate Excel spreadsheet that allows me to keep track of various particulars regarding my BTC investment actions.

And, I have employed a couple of methods to attempt to bring down my average BTC buy-in price, which I am sure are similar to what you have attempted.. maybe with differing budget, timing (or luck).

One tactic has been to attempt to buy more BTC at a lower price (if we can figure that out), and then the other tactic is to trade... sell and then buy again lower (if we can figure that out).  I got burned a few times trying the trade method..  so I feel a bit more comfortable with the keep buying method.

Same feeling here, especially since you can end up with a ROI higher than the ATH if you are a bad trader! (and I'm one).
My ROI is already much higher than I am comfortable with... And so I learned to buy and hold.
I applied this strategy to my friends and family BTCs account (which I kindly manage) and they all have sub $600 averages (suckers!).

[bitcodo]

For example, will chartbuddy take your side in a political discussion? 

No, I'm a libertarian whereas Chartbuddy believes in an over-arching techno-tyranny and the extermination of all humans (His father was a T-1000 and his mother a Saberhagen Berserker). It can make discussions tense sometimes.

You have a naughty child. I hope you let him play just in sandbox.

[bitcodo]

how long purple is.

288

Isn't wavelength about 400 nm?

Oh, the "Color Purple" is 288 pages. 

Aha, thanks, next book when I go to library.

[GaliX]

todays pump and dump coin:
LTC

[electronistul]

GaliX, LTC gains traction as people move their cash / fiat / wealth / investment (call it whatever you want) from BTC over to LTC.
It's free (at some places) and ... they're expecting to profit from anything. You would too.

[PoolMinor]

The good news is, there are only 19,000 BTC on Stamp until the price can go above $6000.