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

[ChartBuddy]

Explanation
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[Ambatman]

Where is the said sell-off, though?
It's maybe looking for a MtGox selloff?
We should ask our 'selloff specialist', perhaps.

I maybe see one but admittedly, if it was, it was pretty weak. I think the underlying motivating factors right now are good and we are yet to see the real effect of the halving supply shock.

I think many are just waiting for it to top higher before they start Selling.
Some are currently bullish so would hold for now.

Yes.. hopefully short-sighted folks like yourself looking for a spot to sell at a higher price don't end up selling too much too soon because you and them are expecting to buy back cheaper.. .  We've seen a lot of losers taking those kinds of tactics, especially treating bitcoin like a trade rather than a long term investment.. but yeah, sometimes you have to get burnt a few times before learning, and surely some folks take several burns and seem to not really learn, especially since trading tends to devolve into a kind of gambling, so it becomes quite difficult to stop yourself from doing dumb things, such as having a winning investment (such as bitcoin), and then turning it into either a loser or something that you ONLY value for short term fiat gainz.. and then realizing that you did not even actually understand the power of the thing (in this case bitcoin) that you had held.

The bitcoiners who have done the best have tended to error on the side of accumulating BTC and holding it and not really starting to sell any of their BTC until they have accumulated enough or who have overly accumulated.  No one can really tell you when you have reached such status, yet you Ambatman with a forum registration date that is ONLY slightly greater than a year, you sound like someone who might not really understand bitcoin very well if you are thinking in terms of selling on the pump and trying to buy back lower, rather than getting through a whole cycle with mostly buys. and then to reassess where you are at after a whole cycle.. unless for some reason you have reached a status of over accumulation, which surely I have my doubts, but never say never, you know your situation better than anyone else... even though likely you need to keep in mind that it can take 30-40 years or more to really build a strong investment portfolio, and even though bitcoin provides some abilities to cut that in half and potentially even greater than cutting that time in half, it still tends to take a decent amount of time to build an investment portfolio.. so hopefully if you have ONLY been in bitcoin for a bit over  year, you had been able to get a position in bitcoin in that time.. yet I have my doubts, since you are talking about selling rather than building your position.. so I have my doubts whether you have had already established any kind of meaningful bitcoin position in such a short period of time.

I don't know what brought about the conclusion that am not holding.

Your own post brought it up.  You were talking about selling at higher prices, so that sounds like a trader mentality, and the contents of my post largely already addressed my perception of the way that you were talking about dee cornz... sounds like a trader and a short-term perspective and kind of a lame perspective that is just looking for short term dollar appreciation - especially for someone so seemingly new to bitcoin.. and yeah

As can be seen
I was talking about Mt Gox sell off
A likely reason why there was barely any sell off
I was associating it with a likelihood it might be because they bullish and plan on selling when it rises
I never mentioned I.

 

am not sure if the solution is to hold money that you need in bitcoin, maybe you might have to have some stable coin in the mix if you lack confidence in your own currency holding value

I do hold in Fiat too but most time needs arises for me to add more to my holdings and savings when I feel my the need to increase my bag
When there's like an extra cash in hand.

Whatever.

you talk quite a bit like a trader, so maybe I could be wrong, yet I doubt that you have gotten over your trading mindset when it comes to dee cornz

Hmm I really can't tell how that came about
Either my message is badly sent across by me or the other way round.
I quite see Bitcoin like land from my country as a case study
Those who really gained and made life changing profits were those that held more than a decade.

Well in all it doesn't really matter much how others see it
I'm holding not just because as an investment
It helps my mood in raining or sad days that everything will be better.

[ChartBuddy]

Explanation
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[JayJuanGee]

[edited out]

As can be seen
I was talking about Mt Gox sell off
A likely reason why there was barely any sell off
I was associating it with a likelihood it might be because they bullish and plan on selling when it rises
I never mentioned I.

You likely do not need to mention "I" in order for knowledge, beliefs and/or actions to be imputed to you unless you make it abundantly clear what you are talking about and why you are talking about something like selling and seemingly overly focused on short-term BTC price actions.. especially given that you have ONLY been registered on the forum for a bit over a year.  Are we supposed to presume that you been buying bitcoin and you have been involved in bitcoin longer than your forum registration date, unless you make that clear to us.  Personally, I am going to presume that you are a relative newbie if you are presenting bitcoin-related ideas like a relative newbie and you make ambiguous statements that seem to express some kind of value in trading (or selling) bitcoin upon some kind of a supposedly meaningful pump.

Now, if you had been here more than a whole cycle and even a couple of cycles, I may well have presumed that you had already accumulated decent amounts of BTC.. and yeah, I should not really need to be presuming much at all if you just try to speak a wee bit more clearly.. and also I don't really give too many shits about your personal specifics.. even though surely some of us outline some aspects of our personal specifics in order that other members (including in this thread) get some ideas in regards to our ways of thinking about bitcoin and maybe presume our level of bitcoin holdings, whether it is 0.21BTC or more than 0.63 BTC that I proclaim to have or whatever... to give some ideas regarding where a person might consider himself to be in the BTC accumulation journey.. and surely again, I am not going to just outright presume someone like you who is talking in ambiguities and who has ONLY been registered on the forum for a wee bit Moar than a year has figured out how to accumulate BTC and to get to a level that is meaningful prior to believing that accumulation comes through selling.. which surely is a kind of trader mentality.. which you surely have not been removing me from considering that many of my presumptions about you were in the ballpark of correct... so what are we arguing about?  You seem to be using trading language and incorporating ideas of trading or value to take advantage of pumps, even prior to clearly establishing that you have accumulated enough bitcoin or more than enough.. which also sounds like a trader's approach to bitcoin... which may well end up devolving into gambling when you end up playing the waves incorrectly, which I have already predicted that you are likely putting yourself into such a position.. whether you recognize it or not and whether you believe that you are talking about others or not... many of us longer term holders hardly give too many shits about some of these short term price dynamics, even though several of us will still sometimes still express frustration and impatience in regards to consolidations that frequently seem to take a long time to play out..

am not sure if the solution is to hold money that you need in bitcoin, maybe you might have to have some stable coin in the mix if you lack confidence in your own currency holding value

I do hold in Fiat too but most time needs arises for me to add more to my holdings and savings when I feel my the need to increase my bag
When there's like an extra cash in hand.

I already said that your categories are confusing and does not take away from the impression that you are trading and gambling even if you call it holding and savings that comes prior to your selling on what you perceive to be an appropriate and meaningful rip.

Whatever.
you talk quite a bit like a trader, so maybe I could be wrong, yet I doubt that you have gotten over your trading mindset when it comes to dee cornz

Hmm I really can't tell how that came about
Either my message is badly sent across by me or the other way round.

Why does it matter?  We are repeating ourselves at this point.

I quite see Bitcoin like land from my country as a case study
Those who really gained and made life changing profits were those that held more than a decade.

Well in all it doesn't really matter much how others see it
I'm holding not just because as an investment
It helps my mood in raining or sad days that everything will be better.

Well, yeah, it takes a while to build or to hold through in order to see your BTC portfolio grow, and I doubt that bitcoiners needed 10 years in order to accomplish such.  There is quite a bit of variance based on where the person was at when starting into bitcoin, and surely newbie investors are going to take longer than someone who had already been investing prior to getting into bitcoin, so the one with longer investing experience might have more capital to bring into bitcoin, so it may well not take as long as the newbie investor who might be DCA investing $10 to $100 per week or some other fairly modest amount.. and so in some sense there may well be some advantages towards having some capital as a head start when first getting into bitcoin.

[ChartBuddy]

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[ChartBuddy]

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[ChartBuddy]

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[ChartBuddy]

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[ChartBuddy]

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[BitcoinBunny]

Enough with the Buddy Bastard posting here by himself.

[ChartBuddy]

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[SickDayIn]

Enough with the Buddy Bastard posting here by himself.

Yeah he must be lonely

However, hourly updates on pricing can sometimes be too much. When I first got into Bitcoin, I had the unhealthy addiction of constantly checking the Bitcoin price. Now I check it maximum once or twice per month. It's relieving to not be constantly checking the price. I just know and trust with my daily DCA strategy (automated so I don't have to touch it), I can sleep easy. Any sudden price changes are just short term weather patterns in a long season!

[ChartBuddy]

Explanation
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[OutOfMemory]

OT: Finally got clear skies yesterday night, with occasional thin, high clouds. Shot the Eastern Veil Nebula, after i had fixed my autofocuser driver in Windoze, for which i had to dis/connect the camera about ten times.
But then i missed to enable the sensor's anti-dew heater, not because of envornmantal coldness, but the sensor gets cooled down to -10°c and if it's very humid +20°c outside, dew will form on the antireflective window, if the glass and sensor chamber of the camera aren't heated up a little bit.
This left me with half of decent pictures and no usable calibration frames at all, but i'm lucky enough to see promising skies in tonight's forecast, so i can compensate for that.
Expect to see results in a few or more days 

On Bitcoin: Seems Gox is doing it's final magic, maybe the market is also hunting for recent longs. Regardless, because there's no remedy anyway.
With the exception of the good-ol-hodl, of course!

[goldkingcoiner]

Someone bought $301 Mill worth of Bitcoin. Institutional investors?

[modrobert]

On Bitcoin: Seems Gox is doing it's final magic, maybe the market is also hunting for recent longs. Regardless, because there's no remedy anyway.
With the exception of the good-ol-hodl, of course!

I'm thinking until the end of this week and the major/potential MtGox BTC selling will be over, it's all speculation though, and hard to predict, perhaps it will go on a bit longer.

[vapourminer]

This user is currently ignored.

[philipma1957]

Feds will announce a stand pat or a cut or a raise this week, one more FUD down.

Maybe a nice Friday rally up and over 70k to a new ATH

[ChartBuddy]

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[WatChe]

This user is currently ignored.

Oh. Seems like there is something gone wrong with ignore button. I can read the ignored post of an un-ignored person.