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

[ErisDiscordia]

Although many people (myself included) are unhappy about the government they have, the vast majority actually wants a strong government with effective laws,  police and courts -- because they know what happens when those things fail.

Really? They KNOW what happens when those things fail? Must resist urge to post famous Bertrand Russel quote...

[JorgeStolfi]

Then either TibonneTheCat is collaborating in the fraud and also lending 100,000 BTC to the exchange knowing full well it doesn't have it (so basically making a very risky investment) or the exchange runs the risk of TibonneTheCat discovering his balance not being included and making an effective fuzz about it.

TibonneTheCat is the owner's cat.  It will not complain because it knows that it will be the first in line to withdraw when there is a rush, I mean, when the usual hacker attacks and steals 100,000 bitcoins sorry folks.

[JayJuanGee]

This feels totally diffferent then the last 2 drops to 400. Almost everyone saw those flash crashes coming and that it would quickly rebound within hrs, which it did.

Here we are in the low/mid 400's for over a week and there is no mad rush to buy coins at this insanely 'discounted' price.

Permabulls are hoping for a hail-mary pass, but i just dont see it, i dont think we've grinded this far down for not at least a vicious 400 retest.

Sharks are waiting in the wings patiently. 400 is key, if that breaks watch the fuck out, it could drop like a rock to the 200's. This market is dying to shake out all the gamblers who bought in at 1K.

That's exactly how I see it too, but Bitcoin isn't known for being predictable.

True. That's why im split up, 40% trading (all fiat right now) and 60% savings. However, if 400 is breached i probably will be dipping into my savings to sell some more.

If $400 is breached, I am certainly buying some more.... yet the exact price point in which I buy and how much would depend upon how fast it drops and whether based on any additional news (or FUD) -

 Maybe I will buy yours TeeBone?

[spooderman]

This feels totally diffferent then the last 2 drops to 400. Almost everyone saw those flash crashes coming and that it would quickly rebound within hrs, which it did.

Here we are in the low/mid 400's for over a week and there is no mad rush to buy coins at this insanely 'discounted' price.

Permabulls are hoping for a hail-mary pass, but i just dont see it, i dont think we've grinded this far down for not at least a vicious 400 retest.

Sharks are waiting in the wings patiently. 400 is key, if that breaks watch the fuck out, it could drop like a rock to the 200's. This market is dying to shake out all the gamblers who bought in at 1K.

That's exactly how I see it too, but Bitcoin isn't known for being predictable.

True. That's why im split up, 40% trading (all fiat right now) and 60% savings. However, if 400 is breached i probably will be dipping into my savings to sell some more.

If $400 is breached, I am certainly buying some more.... yet the exact price point in which I buy and how much would depend upon how fast it drops and whether based on any additional news (or FUD) -

 Maybe I will buy yours TeeBone?

It ain't gonna be we all got tonnes of fiat waiting for this. Maybe 420 (blaze it fgt) once more, but I think that's it.

[spooderman]

Oh and btw, there should be ZERO trading for a few days while heartbleed is sorted out. Anyone logging in to any sites right now is taking a risk if I understand this correctly.

[octaft]

Oh and btw, there should be ZERO trading for a few days while heartbleed is sorted out. Anyone logging in to any sites right now is taking a risk if I understand this correctly.

What is heartbleed?

EDIT: Nevermind I found it on google. Wow.

[koryu]

here look at this line I fit on the graph. cool huh. (break out)

we have still struggle to break out.  And as soon as there is a little drop people will scream its the end of bitcoin again.

[JorgeStolfi]

Although many people (myself included) are unhappy about the government they have, the vast majority actually wants a strong government with effective laws,  police and courts -- because they know what happens when those things fail.

Really? They KNOW what happens when those things fail? Must resist urge to post famous Bertrand Russel quote...

I do not know how Somalia and Sudan are doing these days, but not long ago they were libertarian paradises. 

And if you quote Russel, I will quote Churchill. 

[JayJuanGee]

Unfortunately, I do NOT have any advice for you, JJG. hehehe!! no? not funny? oh well

this is why I don't do sales.

I can't lie very well, I can't tell you the future, I can't tell you that as long as you hold on to those $1,200 coins for at least a year, then you'll be just fine.

That's o.k. about the lack of advice b/c these matters can be very complicated - especially when you nor anyone else on the forum knows my exact holdings and my aspirations and my risk tolerance and a variety of other factors that would go into providing some input(s) concerning my investment decisions.   I have already had some guys providing advice based on very incomplete information about my situation, and surely, I would NOT necessarily even want to share all the details.

Also, I am fairly capable of calculating various risks and then living with my decision(s) at any point of time and realizing the extent to which I may need to reconsider my exit strategy, if needed. 

As far as the $1200 coins, that does NOT really motivate me b/c I consider my average cost per BTC including transaction fees, which is currently about $640.  Surely, my average cost per BTC could have been lower, or i could currently could make it lower by buying more, but overall I am satisfied with having had brought down my average cost to that point. 

I believe the chances are fairly decent that BTC prices will rise above my average price point within the next couple of years, and on average I get about 6% per year on my other investments.  So if in two years, I am able to get 6% per year out of BTC, then I would be very happy with that kind of an outcome.. 12% would mean getting to a price of $720 in the next two years... and I believe that is very likely.... and a higher price would surely be additional icing on the cake.   

And, even if I do NOT make money, I believe that BTC remains a gamble worth taking, given its apparent innovative aspects. It is really an exciting kind of system that is evolving, and I believe that my investment into BTC allows for a bird's eye perspective.

I actually shouldn't even be speaking right now, but I feel a compulsive urge to be involved in this thing somehow, and perhaps this is just my way of acting out, thowing a tantrum and all that.


I've always had the feeling that I would be involved in something great. maybe it's just a dream, a dream that everyone shares?
as far as price action? that is for traders, if you want to be a trader, then you can.

personally I think we are approaching some interesting times and I'm not very excited about some of the possible outcomes.

Sounds as if you have some mysterious secrets and a lot more to tell... he he he.. but you are holding back...

Bitcoin can bring us into a lot of different areas including  questions about wealth distribution and politics and even quality of life issues... .. and surely, it is nice to have a certain level of passive income that allows a person to be able to live in comfort.  Some of that can come through bitcoin and some may need to be safeguarded by diversifying investments... whether we are talking about how to allocate our finances or how to allocate our time.

 

[ErisDiscordia]

Although many people (myself included) are unhappy about the government they have, the vast majority actually wants a strong government with effective laws,  police and courts -- because they know what happens when those things fail.

Really? They KNOW what happens when those things fail? Must resist urge to post famous Bertrand Russel quote...

I do not know how Somalia and Sudan are doing these days, but not long ago they were libertarian paradises.  

And if you quote Russel, I will quote Churchill.  

I suppose you're referring to this quote?



If so, shall we pretend that this is an argument FOR democracy? Or shall we realize that is actually an argument AGAINST government? Think carefully..

For if this is the best we could come up with...we should probably stop trying.

EDIT: even Churchill knew this at some level

[ChartBuddy]

Explanation

[JayJuanGee]

Y'all chase this rally if you want. Bitcoin's been good to me and I'm not going to be greedy. I'll stay with my low buy orders to provide a safety net in case this some kind of trap.

Bitcoin ate my greed.

Way too early to leave the game or the arena... even though the third string and the waterboy are playing.

There's still a chance... just gotta have a plan, no?

 

[JorgeStolfi]

Would someone please explain how one becomes a paid troll? Perhaps I can bill them for a hundred bucks (old-fashioned money, of course) for every insult I get here.  

One way is earn tenure at a university.
Another is proffit off Bitcoin fud.

Actually my salary from the university does not depend at all on what I post or don't post.  I could even stop showing up at my classes, and it may be a couple of years and several pounds of paperwork before the university manages to cut my salary.  That, if I do not put up a fight.

(Some 15 years ago the university extinguished its Forensic Medicine Department in a desperate attempt to get rid of a particularly inconvenient prof there.  It did not work, the prof found a friendly judge who ordered the university to re-hire him.  To this day he has his salary, even if he does not teach or do research, has no office, no students, and no duties.)

[JayJuanGee]

Oh and btw, there should be ZERO trading for a few days while heartbleed is sorted out. Anyone logging in to any sites right now is taking a risk if I understand this correctly.

What is heartbleed?

EDIT: Nevermind I found it on google. Wow.

So heartbleed will make BTC prices more stable b/c no logging in?

[spooderman]

Oh and btw, there should be ZERO trading for a few days while heartbleed is sorted out. Anyone logging in to any sites right now is taking a risk if I understand this correctly.

What is heartbleed?

EDIT: Nevermind I found it on google. Wow.

So heartbleed will make BTC prices more stable b/c no logging in?

It should. Whether it does or not depends on how brave/stupid people are.

[JorgeStolfi]

I suppose you're referring to this quote?

[ ... ]

Yes, that one.

What was your Russel quote? I had the wrong name, thought it was this one:

"Democracy is a device that insures we shall be governed no better than we deserve."
George Bernard Shaw

But I think this one is slightly better:

"Democracy is the theory that the common people know what they want, and deserve to get it good and hard."
H. L. Mencken

And this one:

"In democracy, only your vote counts. In feudalism, only your Count votes."
Unknown

 

[octaft]

Oh and btw, there should be ZERO trading for a few days while heartbleed is sorted out. Anyone logging in to any sites right now is taking a risk if I understand this correctly.

What is heartbleed?

EDIT: Nevermind I found it on google. Wow.

So heartbleed will make BTC prices more stable b/c no logging in?

Fuck, I'm terrified to log into anything important, now.

[ErisDiscordia]

I suppose you're referring to this quote?

[ ... ]

Yes, that one.

What was your Russel quote? I had the wrong name
[snip]

This one:



It was meant as a reaction to your "people, who KNOW what happens without government"

"In democracy, only your vote counts. In feudalism, only your Count votes."
Unknown

I like this one!  

[Erdogan]

Would someone please explain how one becomes a paid troll? Perhaps I can bill them for a hundred bucks (old-fashioned money, of course) for every insult I get here.  

One way is earn tenure at a university.
Another is proffit off Bitcoin fud.

Actually my salary from the university does not depend at all on what I post or don't post.  I could even stop showing up at my classes, and it may be a couple of years and several pounds of paperwork before the university manages to cut my salary.  That, if I do not put up a fight.

(Some 15 years ago the university extinguished its Forensic Medicine Department in a desperate attempt to get rid of a particularly inconvenient prof there.  It did not work, the prof found a friendly judge who ordered the university to re-hire him.  To this day he has his salary, even if he does not teach or do research, has no office, no students, and no duties.)

Sounds like your government is one of the extraordinary efficient type.

[Erdogan]

Here is some fiat:



Now go and buy!