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

[Cassius]

If I am not mistaken, this run will take Bitcoin all the way to 6500-7000 USD (based on how it rose last bull run from 60 to around 1200).
There might be some flashcrashes on the way but the major correction will come when the price is at the range of 6500-7000 USD.
I have been buying coins and even today I made a fiat transfer to Bitstamp so fresh cash is on the way. I still have significiant cash reserves to push the coin higher if it is necessary. Right now I do not recommend to short. The odds are that the price will go pretty high. Who am I to stop BTC running even towards 10 000 USD?

That is one heck of an assumption and the thinking that lies behind every speculative bubble in history.
I'm not going to put a ceiling price on bitcoin, but I won't make assumptions like that either!

[ShroomsKit_Disgrace]

I don't have any clue wtf to do now.

I bought my first btc at around 680 because there were "cheap coins."

I bought more on the way down to 500 to "cost average"

I put almost my entire savings at 480

Then everyone said if it broke 400 we were screwed and there was NO good news from China at all so I sold at 399.

So wtf do I do now? I've lost thousands and the money hasn't hit my bank account so I can't even buy back in. Wtf do i do?

You panic sold. You created your own problem. You took the price down and caused others to sell as well. You get what you deserve. Sorry, can't bring it any nicer.

That's simply the worst thing I have ever read on these forums!  you are a disgrace and a horrible person.  

That is the UNIQUE reason of my existence.

ShroomsKit is a DISGRACE

[Jomppe]

If I am not mistaken, this run will take Bitcoin all the way to 6500-7000 USD (based on how it rose last bull run from 60 to around 1200).
There might be some flashcrashes on the way but the major correction will come when the price is at the range of 6500-7000 USD.
I have been buying coins and even today I made a fiat transfer to Bitstamp so fresh cash is on the way. I still have significiant cash reserves to push the coin higher if it is necessary. Right now I do not recommend to short. The odds are that the price will go pretty high. Who am I to stop BTC running even towards 10 000 USD?

These predictions are ridiculous. Not saying it's not possible but there is no way whatsoever to predict something specific like 6500-7000.

It takes some time to achieve there.
Now fresh cash is entering to the markets - I see it within my circle. People are buying BTC like there is no end.
My recommendation right now is to close the shorts and go long. It will be rewarded within a few months generously.

I recommend to listen up to Reptilian and start making that money. Please do not troll him - he is probably richer than most of you. Not necessarily the richest but definetely on his way to be that.

[dreamspark]

That's simply the worst thing I have ever read on these forums!  you are a disgrace and a horrible person.  

Its blunt but its not the worst thing thats been said around here! The guy broke a number of investment rules and I'm sure will learn from it. Plus thats shroomskit for ya

[TERA]

If Huobi goes back to 2900 today it's going to look really bad.

[jonoiv]

The days of sub-$500 btc are over

lol not yet !

[dreamspark]

If Huobi goes back to 2900 today it's going to look really bad.

A pull back is to be expected no ? Maybe not as far as 2900 though.

[chessnut]

If I am not mistaken, this run will take Bitcoin all the way to 6500-7000 USD (based on how it rose last bull run from 60 to around 1200).
There might be some flashcrashes on the way but the major correction will come when the price is at the range of 6500-7000 USD.
I have been buying coins and even today I made a fiat transfer to Bitstamp so fresh cash is on the way. I still have significiant cash reserves to push the coin higher if it is necessary. Right now I do not recommend to short. The odds are that the price will go pretty high. Who am I to stop BTC running even towards 10 000 USD?

That is one heck of an assumption and the thinking that lies behind every speculative bubble in history.
I'm not going to put a ceiling price on bitcoin, but I won't make assumptions like that either!

yeah lol.... cant trust fools to buy when it's cheap..... and you cant trust them to stop buying when it's expensive! mania knows no ceilings.

[Dr. LY]

I don't have any clue wtf to do now.

I bought my first btc at around 680 because there were "cheap coins."

I bought more on the way down to 500 to "cost average"

I put almost my entire savings at 480

Then everyone said if it broke 400 we were screwed and there was NO good news from China at all so I sold at 399.

So wtf do I do now? I've lost thousands and the money hasn't hit my bank account so I can't even buy back in. Wtf do i do?

You panic sold. You created your own problem. You took the price down and caused others to sell as well. You get what you deserve. Sorry, can't bring it any nicer.

I didn't panic sell. I chose a point at which to cut losses. $400 was the major support that everyone said would be a sign of a long-term down trend. So I set an alarm on my phone and told myself I would sell when that alarm went off, regardless of anything else, being tired of having had nothing but incredible losses over the last few months. I took the advice of the experienced traders on this forum. And it was right, for a day, until the PBOC suddenly decided "oops, just kidding that whole notice doesn't exist even though all these exchanges are limiting deposit options."

In other words, fuck off. Considering you're the asshole giving awful advice calling it "panic selling" when people sold at $600+ a month ago, I'm going to go ahead and pass on your advice.

[TERA]

If Huobi goes back to 2900 today it's going to look really bad.

A pull back is to be expected no ? Maybe not as far as 2900 though.

2900 will look like a h&S forming after a divergence on high volume, just like last time

[sonofliberty]

I don't have any clue wtf to do now.

[...]

Then everyone said [...] so I sold at 399.

So wtf do I do now? [...]

See a pattern here?

[Dr. LY]

I don't have any clue wtf to do now.

[...]

Then everyone said [...] so I sold at 399.

So wtf do I do now? [...]

See a pattern here?

Yes, because I don't know much about buying bitcoin, so I'm trying to learn from people more experienced than I am.

[gagalady]

The days of sub-$500 btc are over

lol not yet !

I believe bitcoin will be $520-$530 tomorrow

[seldon]

Last chance to sell this high boys. We Won't see this price again.

Good call! Oh wait, you said "sell"..

Quoted again for funsies

[magicmexican]

Bitcoin logistic model for 1 million USD maximum price . . .

https://docs.google.com/spreadsheet/ccc?key=0ArD8rjI3DD1WdFIzNDFMeEhVSzhwcEVXZDVzdVpGU2c

Cheers man!

[jonoiv]

I don't have any clue wtf to do now.

I bought my first btc at around 680 because there were "cheap coins."

I bought more on the way down to 500 to "cost average"

I put almost my entire savings at 480

Then everyone said if it broke 400 we were screwed and there was NO good news from China at all so I sold at 399.

So wtf do I do now? I've lost thousands and the money hasn't hit my bank account so I can't even buy back in. Wtf do i do?

You panic sold. You created your own problem. You took the price down and caused others to sell as well. You get what you deserve. Sorry, can't bring it any nicer.

I didn't panic sell. I chose a point at which to cut losses. $400 was the major support that everyone said would be a sign of a long-term down trend. So I set an alarm on my phone and told myself I would sell when that alarm went off, regardless of anything else, being tired of having had nothing but incredible losses over the last few months. I took the advice of the experienced traders on this forum. And it was right, for a day, until the PBOC suddenly decided "oops, just kidding that whole notice doesn't exist even though all these exchanges are limiting deposit options."

In other words, fuck off. Considering you're the asshole giving awful advice calling it "panic selling" when people sold at $600+ a month ago, I'm going to go ahead and pass on your advice.

Really the best thing you can do with that user is click ignore.  

I feel very sorry for you.  But the uptrend is looking shaky now.  you may get a chance to buy back cheaper than you sold.  

[dreamspark]

I didn't panic sell. I chose a point at which to cut losses. $400 was the major support that everyone said would be a sign of a long-term down trend. So I set an alarm on my phone and told myself I would sell when that alarm went off, regardless of anything else, being tired of having had nothing but incredible losses over the last few months. I took the advice of the experienced traders on this forum. And it was right, for a day, until the PBOC suddenly decided "oops, just kidding that whole notice doesn't exist even though all these exchanges are limiting deposit options."

In other words, fuck off. Considering you're the asshole giving awful advice calling it "panic selling" when people sold at $600+ a month ago, I'm going to go ahead and pass on your advice.

Just to re iterate, your main problem was listening to people on the internet. You took the advice of traders on a forum who will always talk their book. The PBoC notice has never changed they have never said they were banning it and all they did was reiterate the banking rules and double confirm (for anyone still listening to people saying China is banning it) that a ban was not happening.

I respect your stop loss and its wise if this was an investment rather than wanting to have and use BTC but you cant blame people on a forum.

If your here to get rich then it burns to loose money but if your generally interested in BTC, buy back with an amount you can afford to loose and ride the waves and hodl. There are many around that sold out super low and never returned.

[Cassius]

If I am not mistaken, this run will take Bitcoin all the way to 6500-7000 USD (based on how it rose last bull run from 60 to around 1200).
There might be some flashcrashes on the way but the major correction will come when the price is at the range of 6500-7000 USD.
I have been buying coins and even today I made a fiat transfer to Bitstamp so fresh cash is on the way. I still have significiant cash reserves to push the coin higher if it is necessary. Right now I do not recommend to short. The odds are that the price will go pretty high. Who am I to stop BTC running even towards 10 000 USD?

That is one heck of an assumption and the thinking that lies behind every speculative bubble in history.
I'm not going to put a ceiling price on bitcoin, but I won't make assumptions like that either!

yeah lol.... cant trust fools to buy when it's cheap..... and you cant trust them to stop buying when it's expensive! mania knows no ceilings.

The strangest/funniest thing is the change in sentiment from just 2 days ago. It's like a bipolar switch. Bam... and it's a bull market.

[Rampion]

I don't have any clue wtf to do now.

I bought my first btc at around 680 because there were "cheap coins."

I bought more on the way down to 500 to "cost average"

I put almost my entire savings at 480

Then everyone said if it broke 400 we were screwed and there was NO good news from China at all so I sold at 399.

So wtf do I do now? I've lost thousands and the money hasn't hit my bank account so I can't even buy back in. Wtf do i do?

Next time just be rational.

• Do not take seriously any trading advice from this thread, or the speculation subforum.
• Use the posts on here as a contrarian indicator: when these boards are flooded by posts that scream "OMG we are screwed", "Bitcoin will never recover", "I'm all out", etc. -> buy. When these boards are flooded by posts that scream "OMG we are going to the moon", "10k by the end of the year", "Choo choo motherfucker", etc. -> sell.
• Generally speaking, you should realize profits when the trend is UP, and buy more when the trend is DOWN.
• Bitcoin is not such of a gamble as it was a few years ago, but it is still a high risk/high potential return investment. It is extremely volatile, thus you should invest only what you can afford to lose. Forget about "cutting losses". Mentalize yourself that this is "all" or "nothing", and you will not make mistakes.
• Outline a rational plan (I will sell x% of my stash if we reach this price, another x% when the price doubles from the first time I sold, etc.) and FOLLOW IT.
• Do not trade on emotions.
• Profit.

Everybody who has followed such a rational approach has profited A LOT from Bitcoin, while still retaining a huge amount of coins. We could exclude the people that bought at the top of the last bull run, but if they did not realize their losses by selling they will be just fine.

[sonofliberty]

Yes, because I don't know much about buying bitcoin, so I'm trying to learn from people more experienced than I am.

So you put your life savings into something you "don't know much about". Man, this is one fucking expensive lesson. I'm sorry.