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

[seleme]

Come on TERA, come to EToro, trade some forex and stocks, need someone to follow there until I learn the game  

You should read risto's thread

He makes the most sense on these forums by far

Learn it, follow it and you will be making mad stacks

I made up to 80 times of my initial Bitcoins and up to 300 times of my initial dollar investment until it was a normal market.

I am learning TA now though as I want to slowly move to Forex and trade with less stress and without all this China bullshit. Will keep some Bitcoin position of course but no trading anymore before new ATH or so.

[podyx]

Come on TERA, come to EToro, trade some forex and stocks, need someone to follow there until I learn the game  

You should read risto's thread

He makes the most sense on these forums by far

Learn it, follow it and you will be making mad stacks

I made up to 80 times of my initial Bitcoins and up to 300 times of my initial dollar investment until it was a normal market.

I am learning TA now though as I want to slowly move to Forex and trade with less stress and without all this China bullshit. Will keep some Bitcoin position of course but no trading anymore before new ATH or so.

If it's true, pretty impressive i admit

That means you entered the game at $170(your average buy-in) based on 500/3
Which seems improbable seeing as you registered on these forums in 2011

[TERA]

I did good trading doge today too. Just bought that crash at 123 and sold it at 132. It might go higher but when it comes to alts I'm all about just taking the free money without any speculation.

[seleme]

Come on TERA, come to EToro, trade some forex and stocks, need someone to follow there until I learn the game 

etoro's main feature is its social network and it is not actually a very good broker in terms of order execution. I have already just opened up an account with one of the top brokers in the world who will offer me the best quality executions and direct interbank market access.

yep, it's not ideal platform but it's easy to deposit the money with Paypal, I can't bother sending wires.

[seleme]

Come on TERA, come to EToro, trade some forex and stocks, need someone to follow there until I learn the game  

You should read risto's thread

He makes the most sense on these forums by far

Learn it, follow it and you will be making mad stacks

I made up to 80 times of my initial Bitcoins and up to 300 times of my initial dollar investment until it was a normal market.

I am learning TA now though as I want to slowly move to Forex and trade with less stress and without all this China bullshit. Will keep some Bitcoin position of course but no trading anymore before new ATH or so.

If it's true, pretty impressive i admit

That means you entered the game at $170(your average buy-in) based on 500/3
Which seems improbable seeing as you registered on these forums in 2011

I entered at 140, never bought back in 2011. wasn't really good with money back then and it wasn't easy to buy coins then.

Those gains were when we were around 650. I doubt I'd collect more than 200 times gains now even if I'd sold all alts I have at highest price and that's impossible with such bad liquidity.

[joburgtaxi]

I'm never one to buy into the old cliche's of "Weak hands selling their coins for cheap" etc. But today, I believe that is exactly what is happening.

Summarised, the news is a rehash of the information that's been readily available this week about certain banks closing down accounts that were connected with Chinese exchanges. This is not new information, most of it is available to read on here, Reddit and in some cases on the actual exchange websites.



Some people don't deserve Bitcoins!

Source: Huobi's customer support team.

Had to laugh at the quote above "The Silly Americans are selling on this news" both sides blaming each other

[dreamspark]

Ive never really sat and watched Huobis trades going through. My god that place is insane.

[rudius]

I'm never one to buy into the old cliche's of "Weak hands selling their coins for cheap" etc. But today, I believe that is exactly what is happening.

Summarised, the news is a rehash of the information that's been readily available this week about certain banks closing down accounts that were connected with Chinese exchanges. This is not new information, most of it is available to read on here, Reddit and in some cases on the actual exchange websites.



Some people don't deserve Bitcoins!

Source: Huobi's customer support team.

Had to laugh at the quote above "The Silly Americans are selling on this news" both sides blaming each other

Lol made my day
It s a good test of 3200. i wonder if it will break.

[mmitech]

Ive never really sat and watched Huobis trades going through. My god that place is insane.

that place is fake...

[gizmoh]

I'm never one to buy into the old cliche's of "Weak hands selling their coins for cheap" etc. But today, I believe that is exactly what is happening.

Summarised, the news is a rehash of the information that's been readily available this week about certain banks closing down accounts that were connected with Chinese exchanges. This is not new information, most of it is available to read on here, Reddit and in some cases on the actual exchange websites.
Some people don't deserve Bitcoins!

Source: Huobi's customer support team.

Had to laugh at the quote above "The Silly Americans are selling on this news" both sides blaming each other

Indeed the first to pull the trigger was 6k sell by china man.

[lemonte]

I'm never one to buy into the old cliche's of "Weak hands selling their coins for cheap" etc. But today, I believe that is exactly what is happening.

Summarised, the news is a rehash of the information that's been readily available this week about certain banks closing down accounts that were connected with Chinese exchanges. This is not new information, most of it is available to read on here, Reddit and in some cases on the actual exchange websites.



Some people don't deserve Bitcoins!

Source: Huobi's customer support team.

Had to laugh at the quote above "The Silly Americans are selling on this news" both sides blaming each other

Whacked that in for the Lolz. Silly Europeans as well to be fair. Stamp reacted worse than Huobi.

Think the Chinese dump was likely manipulation, knowing how the rest of the world would react.

[dreamspark]

Ive never really sat and watched Huobis trades going through. My god that place is insane.

that place is fake...

It looks it but while the west follows its every move it cant be ignored!

[seleme]

We'd probably correct at about these levels anyway at some point. But the fact that any Chinese fart of the news can cause such moves is not doing any favour to Bitcoin and us who'd like to trade it. There's just no safety anymore that you could rely on charts, orderbook, momentum, fundamentals when any moment some shit could come from China and cancel all that.

I mean what's the point of waiting 3d MACD to cross when China could cause a hit to the price any moment.

[blatchcorn]

Ive never really sat and watched Huobis trades going through. My god that place is insane.

that place is fake...

It looks it but while the west follows its every move it cant be ignored!

Haha what a world we live in

[rudius]

We'd probably correct at about these levels anyway at some point. But the fact that any Chinese fart of the news can cause such moves is not doing any favour to Bitcoin and us who'd like to trade it. There's just no safety anymore that you could rely on charts, orderbook, momentum, fundamentals when any moment some shit could come from China and cancel all that.

I mean what's the point of waiting 3d MACD to cross when China could cause a hit to the price any moment.

?? do you really think trading is that easy?

[seleme]

We'd probably correct at about these levels anyway at some point. But the fact that any Chinese fart of the news can cause such moves is not doing any favour to Bitcoin and us who'd like to trade it. There's just no safety anymore that you could rely on charts, orderbook, momentum, fundamentals when any moment some shit could come from China and cancel all that.

I mean what's the point of waiting 3d MACD to cross when China could cause a hit to the price any moment.

?? do you really think trading is that easy?

There's no easier way on the Earth to make money than crypto trading in normal circumstances.

[rudius]

We'd probably correct at about these levels anyway at some point. But the fact that any Chinese fart of the news can cause such moves is not doing any favour to Bitcoin and us who'd like to trade it. There's just no safety anymore that you could rely on charts, orderbook, momentum, fundamentals when any moment some shit could come from China and cancel all that.

I mean what's the point of waiting 3d MACD to cross when China could cause a hit to the price any moment.

?? do you really think trading is that easy?

There's no easier way on the Earth to make money than crypto trading in normal circumstances.

there s could be some truth about it. but if you cant take BTC trading because of the FUD, you shouldn t try forex... There s nothing more difficult than forex trading.

But i guess you have to see it by yourself.

[strawbs]

We'd probably correct at about these levels anyway at some point. But the fact that any Chinese fart of the news can cause such moves is not doing any favour to Bitcoin and us who'd like to trade it. There's just no safety anymore that you could rely on charts, orderbook, momentum, fundamentals when any moment some shit could come from China and cancel all that.

I mean what's the point of waiting 3d MACD to cross when China could cause a hit to the price any moment.

?? do you really think trading is that easy?

Trading is gambling.  You can make a living doing either.  Or you can lose everything doing either.  Once again, as has been shown today, I feel compelled to re-state that TA does not work with bitcoin.  Anyone who thinks it does has either simply got lucky a few times and so concludes that their TA is accurate, or they simply use it as a psychological support tool.

[rudius]

We'd probably correct at about these levels anyway at some point. But the fact that any Chinese fart of the news can cause such moves is not doing any favour to Bitcoin and us who'd like to trade it. There's just no safety anymore that you could rely on charts, orderbook, momentum, fundamentals when any moment some shit could come from China and cancel all that.

I mean what's the point of waiting 3d MACD to cross when China could cause a hit to the price any moment.

?? do you really think trading is that easy?

Trading is gambling.  You can make a living doing either.  Or you can lose everything doing either.  Once again, as has been shown today, I feel compelled to re-state that TA does not work with bitcoin.  Anyone who thinks it does has either simply got lucky a few times and so concludes that their TA is accurate, or they simply use it as a psychological support tool.

TA IS a psychological support tool. What did you think it was?

TA works because traders use it.

[lemonte]

Was it really China? Or was it this:
http://www.reuters.com/article/2014/04/16/us-bitcoin-mtgox-idUSBREA3F09U20140416
Either way, this is plain stupid. When will they learn not to panic sell into a flash crash?

https://twitter.com/Magiicaltux/status/456329209624154112