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

[KFR]

Ya, I could have said it a little differently:  Bears are the ones who will buy at some point.  Bulls are waiting for the place to sell.

Some have no intention of selling.  They may take some small fiat profits along the way up to pay the bills until the world is ready to take their coins directly. 

[JayJuanGee]

more deletions.

I think that deletions should be banned...

Is Adam trying to keep the trollbox clean and tidy or what? Ridiculous.

Probably Adam would deny such.  I believe it is individuals deleting their own post,and one of the theories is that it could because of tax implications.  But still... we are quasi- anonymous here.. and some forums do NOT allow the ability to delete old posts... maybe after 24 hours or something, should NOT be able to edit or delete them.

[JayJuanGee]

Bears frustrated for sure...the louder they are the more impatient they are getting...

Price falls from 1143 to 400$ and stays there -> bears are frustrated -> sure thing

 

Join the party

I have a feeling this party won't be lasting much longer, smoke the drugs while you can still enjoy them. ..

In other words, we be headin up, soon... ... maybe one more day of bear territory.. down to $415-ish or maybe $420-ish... before we depart the train station?... ALL ABOARD!!!!!!

[MiningHabit]

I do NOT like to jump into anything too quickly before I kind of have some ideas about it.... and by the time I was getting more informed the price was skyrocketting.  Accordingly, I began my investment at about $1200.

Pro tip: learn quicker. That way you don't stagnate and buy in at the top; losing a bundle dollar costing all the way down....

[JayJuanGee]

All bears will turn into bulls when their price is available.  Likewise all bulls will become bears when their price is available (unless they burn their private keys).

True to some extent, for those that have a price target.

....but unfortunately, for most bears here, their price target is becoming more delusional by the day.

My price target is at its lowest 405. Hasn't changed for over a week.

What about before that?  what about last month?  What about in November, December, January, February?

You are playing the ups and downs of BTC, right?   

You are a bear b/c you do NOT really believe in the long-term likelihood of success of BTC?  Or maybe you do NOT believe it to be a good long term investment.. beyond day trading? 

So, for the next 24 hours, maybe your confidence on the BTC downside would be that we would reach the following prices on bitstamp? 

$430  = 90%

$425  = 75%

$420  = 50%

$415  = 35%

$410  = 25%

$405  = 20%


Something like that?  Or do you think about these possibilities differently or maybe you have a longer timeline or more patience for the potential of $405?

I know sometimes, if we break through a certain barrier, then it changes the probabilities concerning the other barriers.. so the formula may be a little more complicated....

For example, if we break $418, then we are pretty likely to reach $405.. so the likelihood for $415, $410 and $405 may be very similar... but they depend upon breaking $418... for example..

[JayJuanGee]

All bears will turn into bulls when their price is available.  Likewise all bulls will become bears when their price is available (unless they burn their private keys).

True to some extent, for those that have a price target.

....but unfortunately, for most bears here, their price target is becoming more delusional by the day.

Not nearly as delusional as the hodlers who say they'll only sell at 50K minimum, hows that for a price target lol

That would be a rare beast that you are describing..... and also, if we went up to $50k within 1 year or some very short time-period, there may be a few people who are affected to sell off some by the quick rise in a short time-line.... something like that would be truly amazing.. and quite difficult to comprehend someone holding 1000 coins becoming that well off that quickly.. even someone holding only 20 coins would all of a sudden be a millionaire... that is a bit difficult to fathom at the moment.... so that unexpectedness could change minds and hearts...

[JayJuanGee]

^^ They say that now, but if the price should get back to ATH I'll bet there would be some heavy selling by those same hodlers.

I thought that everyone would sell when we got past the ATH of $266 in November but it did not seem to stop the buyers then.

Yeah... NO matter what the price, there is potential for lot's of buyers... so long as they perceive value in it.

[JayJuanGee]

I do NOT like to jump into anything too quickly before I kind of have some ideas about it.... and by the time I was getting more informed the price was skyrocketting.  Accordingly, I began my investment at about $1200.

Pro tip: learn quicker. That way you don't stagnate and buy in at the top; losing a bundle dollar costing all the way down....

So, you are the supposed "pro" giving the supposed "tip?"  A bit patronizing, no?..

In fact, I doubt that you know me, my life, my risk profile, my financial circumstances sufficiently in order to be hindsight judging what "should have happened" in a supposed ideal world within your vision of what would have been a best or a better strategy under those particular circumstances.  

Does it make you feel good on a quasi-anonymous forum to spout out some supposed credentials?  And to suggest that your way would have been better or some other abstract way would have been better?    

Why don't you provide some of your details, without doctoring them up in order that you may share in some supposed "constructive feedback?"  

 Actually, better than spouting out some supposed resume, why don't you describe a few paragraphs of some learning experience(s) that you had that had "enlightened" you about the ways of the world and in order to be able to "enlighten" some of us regarding "better" ways?

 I'm waiting.. or otherwise, if you prefer to share some of your personal details via PM, that is fine with me, also.  Send me a PM...

Otherwise, if you do NOT give some context, I question the validity or the integrity of your self-described "pro tip."

Also, your assumption about me losing money is so far unfounded in part b/c I have NOT cashed out yet.. and these kinds of risks are frequently taken into account in strategizing ways to go forward.  You do NOT know whether or NOT or the extent to which some of these risks may have already been considered by me... at the beginning of my investment or during my investment and also there are a lot of "smart" financial people (whether I am one of those or NOT)(or whether you are one of those or not) who, currently, are in the red in terms of the BTC portion of their investment portfolio..  

So to suggest "I told you so".. seems a bit disingenuous in these circumstances.

[KFR]

You don't need to defend yourself to anyone JJG. Chill. 

[JorgeStolfi]

Weird.

I was expecting that Huobi's note "no problem with banks" would cause a price surge today.

Was it all "spent" on yesterday's surge, that lifted the price from ~2500 CNY to ~2650?

[PoolMinor]

Change bars looking good on stamp.

[seleme]

I bloody hate Metatrader. It just crashed and no way to open it after.

[Le Happy Merchant]

Some have no intention of selling.  They may take some small fiat profits along the way up to pay the bills until the world is ready to take their coins directly. 

AKA: The Smart Bulls.


The idea that anyone (long) bullish on BTC is only bullish until a certain value confuses the hell out of me.

The higher the price goes, the more (long) bullish I feel.

[freedomno1]

How many speculators are on this forum dammmmnnnn long thread
Anyways almost the 1 year anniversary of this thread lol

[Dr. LY]

Some have no intention of selling.  They may take some small fiat profits along the way up to pay the bills until the world is ready to take their coins directly. 

AKA: The Smart Bulls.


The idea that anyone (long) bullish on BTC is only bullish until a certain value confuses the hell out of me.

The higher the price goes, the more (long) bullish I feel.

So then you're never planning on selling Bitcoin unless it is lower than it is now? Interesting strategy...

[explorer]

How many speculators are on this forum dammmmnnnn long thread
Anyways almost the 1 year anniversary of this thread lol

Probably 20% 10% of the posts have been liquidated recently, so it's not as long as it was 

Start at the beginning, let us know when you catch up 

[freedomno1]

How many speculators are on this forum dammmmnnnn long thread
Anyways almost the 1 year anniversary of this thread lol

Probably 20% 10% of the posts have been liquidated recently, so it's not as long as it was  

Start at the beginning, let us know when you catch up  

HAHA maybe someday if the form ever makes a text version of the thread
Or someone makes a picture book summary sure there is a story in here somewhere lol.
https://bitcointalk.org/index.php?topic=528690.0

[Adrian-x]

Weird.

I was expecting that Huobi's note "no problem with banks" would cause a price surge today.

Was it all "spent" on yesterday's surge, that lifted the price from ~2500 CNY to ~2650?

You'll know when the Bank stop processing withdrawals. The price of Bitcoin will shoot up. So long as you can get fiat out the FUD drivers people sell Bitcoin's, and withdraw fiat, when you have fiat on an exchange but can't withdraw it you buy Bitcoin and withdraw that.

The effect shoots the price up. It's FUD untill we see people panic buy into Bitcoin.

[MiningHabit]

I do NOT like to jump into anything too quickly before I kind of have some ideas about it.... and by the time I was getting more informed the price was skyrocketting.  Accordingly, I began my investment at about $1200.

Pro tip: learn quicker. That way you don't stagnate and buy in at the top; losing a bundle dollar costing all the way down....

why don't you describe a few paragraphs of some learning experience(s) that you had that had "enlightened" you about the ways of the world

Um, ok then, I guess.

I have always been really into the Cosmos. I used to be just chillin in the back of my Montessori Pre-K school content for hours reading books about space. I got into the practicalities of capitalism during my teenage years, starting my first successful business at 18 and operated that for nearly five years throughout college. Man what a time that was.  Then I went to Oxbridge for a bit, studying Maths and Philosophy. Ho and hummed through my mid 20s, including > a year at a hedge fund as a trader. Was Valedictorian of my Grad program at a top 2 engineering institution after that.

Always business minded, and liked to build shit. But I've never lost that love of the Cosmos. All that was Preamble to my main point. Here's one Learning Experience that makes me qualified to say what I said after reading dozens of your posts ITT....

I decided to take a grad course in Physics, though I'd never formally even taken any course like that during my years in undergrad. I was, and have always been fascinated with the deepest realities of existence. So I got to wondering about some things, and realized the coolest dude on campus to speak to was this guy who was a Nobel Prize winner. We had a similar background, with the Oxbridge thing. So I thought, I'll just email him and we'll chat.

And that's exactly what happened. For one Summer a few years back I got the chance to talk a couple of times, one-on-one, deep, with a Nobel Laureate. The kind of dude who drops anecdotes and kernels of understanding so deep, I'll spend a lifetime thinking about the questions they raise. Knowing that I'm likely not ever to stumble on the answers, because I'm not quite that bright.

You ever done that? Ok then. I stand by my statement. Learn quicker, it can be done.

Pro tip #2...rely on your intuition, after learning to well hone its snap judgements....
“The intuitive mind is a sacred gift and the rational mind is a faithful servant. We have created a society that honors the servant and has forgotten the gift.”
-Einstein

[keewee]

How many speculators are on this forum dammmmnnnn long thread
Anyways almost the 1 year anniversary of this thread lol

This thread is mk2 of the original Wall Observer thread that started in June 2012 (https://bitcointalk.org/index.php?topic=85687.0) and reached 1191 pages. We thought that thread was long!  It even got it's own meta thread here https://bitcointalk.org/index.php?topic=155012.0. Hilarious to see the price at that time