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

[magicmexican]

i am waiting for 550$, because fonzie said that if btc will get to 550 ever again he would quit this forum

[ChrisML]

In the meantime, BTC is going strong.


@post above.

please let there be a god.

[el_rlee]

i am waiting for 550$, because fonzie said that if btc will get to 550 ever again he would quit this forum

rly?

Might get quiet...

[jonoiv]

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.

unfortunately a lot of people lose btc by trying to gauge sentiment here before realising most posts are just random gibberish and those that post those things usually don't believe it themselves.

you've taken a hit but you'll recover, just remember to only trade with a portion of your btc (or just hold) so you can be patient and not freak out at sudden movements.

There were a lot of fancy charts and lines and people with autistic math friends

I've learned my lesson.

You have not learned your lesson though.  The biggest lesson is patience.  and buying back here and now is not the best place to have made a trade.

[ShroomsKit_Disgrace]

I think I'm going to do my first ever ignore on here and ignore ShroomsKit. I have said in the past I would never do one at all.  But it is so annoying every time I make a post he says something about my position. He can't get it through his head that I make posts to be social and it has nothing to do with my position and I don't even believe I have the ability to effect this market at all.  I have told him about it several times.

Probably, the wisest thing you can do in this forum.

[igorr]

Goxxed

[JayJuanGee]

Back in. I'm ready to see some rockets.

Now walk away and come back in a year or two.
The speculating over the long term is always the best way with a very volatile currency/stock.

I'm partly telling myself here since while chasing the *bottom* I missed the actual bottom and have subsequently lost all the hard-fought gains I made in the last couple of months *sigh*
Also I bought in back in December/January.... well above $700 lol

Main thing I've learned: the pain of watching it rise while out of it was far, far, far worse than watching it sink while holding.

I think if you do the math, you lose more by being out than by being in - if that makes any sense.

[MikeH]

Main thing I've learned: the pain of watching it rise while out of it was far, far, far worse than watching it sink while holding.

definitely, which is why you bought back at $500-ish when it's probably more likely to drop to $450 again before launching :]  you just can't take the risk of missing the boat..

I'd ignore the charts too, bitcoin is too susceptible to big movements by whales and/or news.

[dreamspark]

Main thing I've learned: the pain of watching it rise while out of it was far, far, far worse than watching it sink while holding.

definitely, which is why you bought back at $500-ish when it's probably more likely to drop to $450 again before launching :]  you just can't take the risk of missing the boat..

I'd ignore the charts too, bitcoin is too susceptible to big movements by whales and/or news.

While this is true its just as likely to go on an insane run and pull back to where we are now while you wait for $450

[solarflare]

I feel for all the wannabe traders who thought they could short bitcoin. I've learned my lesson a long time ago and have never been so happy to hodl and buy all the way down.

I still think it's a bull trap and we will see $400 again though.
Disclosure: i'm hodling so I couldn't care less about my own predictions.

[600watt]

i am waiting for 550$, because fonzie said that if btc will get to 550 ever again he would quit this forum

shit, lets collect all the funds we can and buy until we hit 550  

[mmitech]

if we get to 600 in 48-72 hours then you will see the real panic buying

[chessnut]

if we get to 600 in 48-72 hours then you will see the real panic buying

.... if we get to 600 we will have already seen some good panic buy for sure, and maybe we will see some more 

[JorgeStolfi]

(...)
LET'S GIVE PROBABILITIES TO THE FOLLOWING EVENTS
(...)
d) In 2014, price will visit below 400 = 80%
e) In 2014, price will visit above 500 = 30%
f) In 2014, price will visit above 750 = 5%
(...)

Well, I think somebody will just prove their deep lack of understanding of economics and human psychology in the next few weeks/months/years.

I for one going to keep the above quotes on hand.

Be sure to keep this one too (note the date):

If the rumor is false, I expect that the price will go back up to the pre-rumor level (around 3500--3700 CNY or  580--610 USD), and then resume the slow descent from there.

However there may be a permanent residual price drop, due to people becming aware that such a ban is possible in the future even if not right away.

[ChrisML]

(...)
LET'S GIVE PROBABILITIES TO THE FOLLOWING EVENTS
(...)
d) In 2014, price will visit below 400 = 80%
e) In 2014, price will visit above 500 = 30%
f) In 2014, price will visit above 750 = 5%
(...)

Well, I think somebody will just prove their deep lack of understanding of economics and human psychology in the next few weeks/months/years.

I for one going to keep the above quotes on hand.

Be sure to keep this one too (note the date):

If the rumor is false, I expect that the price will go back up to the pre-rumor level (around 3500--3700 CNY or  580--610 USD), and then resume the slow descent from there.

However there may be a permanent residual price drop, due to people becming aware that such a ban is possible in the future even if not right away.

Have you bought some BTC's already?

[Dr. LY]

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.

unfortunately a lot of people lose btc by trying to gauge sentiment here before realising most posts are just random gibberish and those that post those things usually don't believe it themselves.

you've taken a hit but you'll recover, just remember to only trade with a portion of your btc (or just hold) so you can be patient and not freak out at sudden movements.

There were a lot of fancy charts and lines and people with autistic math friends

I've learned my lesson.

You have not learned your lesson though.  The biggest lesson is patience.  and buying back here and now is not the best place to have made a trade.

And how the hell I'm ever going to guess correctly at when the "best place is?"

The whole reason I sold at 400 was to try and come back in at a lower point. All that did was waste money and energy if I really believe in a long-term hold of btc.

[igorr]

Manipulation in action.

[JorgeStolfi]

Have you bought some BTC's already?

I have been doubling my BTC holdings every day since December. 

[podyx]

if we get to 600 in 48-72 hours then you will see the real panic buying

I disagree

if we get to 600+ in 48-72 hours then you will see the real beartrap

[xulescu]

I think I will start closing my longs soon. BFX swaps are worrisome.