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

[ShroomsKit]

It's so odd how many of you waited for the price to reach 500 or so to buy back in.

[soullyG]

It's so odd how many of you waited for the price to reach 500 or so to buy back in.

I'm sure there are many others (like me) waiting for more of a confirmation before fully unleashing all our fiat

[seleme]

It's so odd how many of you waited for the price to reach 500 or so to buy back in.

It's not odd at all. When you have months of bear market and tricky China situation, your best bet is to wait signs of reversal to buy in (if you're going for long term buys).

In last bubble I went full in only at 250+, never gave a flying one about not buying earlier when we hit the top. Of course I'd love if I did it earlier but gains were good enough to not lose any sleep about it.

[Bitcopia]

It's so odd how many of you waited for the price to reach 500 or so to buy back in.

I'm sure there are many others (like me) waiting for more of a confirmation before fully unleashing all our fiat

Yup. I'm waiting for a third daily candle to close above the 5 month downward trend line, although I'm almost 100% sure it will close above the trend line. Will start my calculated buying process on the 4th daily.

I'm only waiting because I told myself I would, and breaking your trading plan is almost always a bad decision.

[bitcoinsrus]

It's so odd how many of you waited for the price to reach 500 or so to buy back in.

It's not odd at all. When you have months of bear market and tricky China situation, your best bet is to wait signs of reversal to buy in (if you're going for long term buys).

In last bubble I went full in only at 250+, never gave a flying one about not buying earlier when we hit the top.

If someone waited through 800, then 700, then 600, then 500.  Why would they buy at 400?  The ones who were eager to buy, probably did at the higher prices.  Many people on here stated to be patient and not buy in a downtrend unless they were willing to take the potential loss (if it goes down even more).

Buying at an uptrend at 50-100 extra per btc is what some feel is ok (if they believe the reversal has happened).

[ChrisML]

Love the poll.

800 on june 1st. Would be epic.

[seleme]

Interesting that this time alts are not following BTC, they're even going lower. Are we going to see decoupling again like before December?

[ChartBuddy]

Explanation

[wachtwoord]

It's so odd how many of you waited for the price to reach 500 or so to buy back in.

I'm sure there are many others (like me) waiting for more of a confirmation before fully unleashing all our fiat

Yup. I'm waiting for a third daily candle to close above the 5 month downward trend line, although I'm almost 100% sure it will close above the trend line. Will start my calculated buying process on the 4th daily.

I'm only waiting because I told myself I would, and breaking your trading plan is almost always a bad decision.

So the third closes later today right?

[ShroomsKit]

It's so odd how many of you waited for the price to reach 500 or so to buy back in.

I'm sure there are many others (like me) waiting for more of a confirmation before fully unleashing all our fiat

Sure. Just wait till it reaches 600. You could've gone full in at 400 but why do that if you can spend 200 a coin more. You have to be sure, right?

[Miz4r]

Interesting that this time alts are not following BTC, they're even going lower. Are we going to see decoupling again like before December?

It's judgment day for the altcoins, a whole bunch of them will have to die because we simply have too many of them. A few will survive and will come out stronger I think, but we'll just have to wait and see.

[wasserman99]

Interesting that this time alts are not following BTC, they're even going lower. Are we going to see decoupling again like before December?

It's judgment day for the altcoins, a whole bunch of them will have to die because we simply have too many of them. A few will survive and will come out stronger I think, but we'll just have to wait and see.

I agree and I am looking forward to some alts dying off. Hopefully when the next overall alt bubble (ie not just darkcoin etc) the alt economy will have pruned back a bit, easier to ride the bubble that way and not get caught holding the wrong coins.

[oda.krell]

It's so odd how many of you waited for the price to reach 500 or so to buy back in.

I'm sure there are many others (like me) waiting for more of a confirmation before fully unleashing all our fiat

Sure. Just wait till it reaches 600. You could've gone full in at 400 but why do that if you can spend 200 a coin more. You have to be sure, right?

Sure, you could have gone "full in at 400". Quite a few did (or even below that). But the same mindset of unbridled optimism prevented a lot of people to sell at 1000. Or 900. Or 800. Or at all. You get the picture.

Point being, not everyone who bought back "late" (i.e. now) sold early early enough to buy at a profit, but not everyone who buys back now does so at a loss.

Which makes your anger at those who get in now puzzling to me. Let them buy back whenever they want. Be happy that they do so at all, I'd say.

[Marbit]

In other news, Ripple is taking a thorough spanking and Darkcoin is going stellar (again).
Anyone know what's happening there?

Jed Mcalebd unleashing hell on ripple (selling 9Bn XRP)
https://xrptalk.org/topic/2629-selling-my-xrp/

darkcoin: regular pump before it eventually fades into the abyssal alts graveyard.

LOL! There you go, biggest premine there ever was. What could ever go wrong?!?!

(referring to XRP of course)

[tuneman1980]

Interesting that this time alts are not following BTC, they're even going lower. Are we going to see decoupling again like before December?

It's judgment day for the altcoins, a whole bunch of them will have to die because we simply have too many of them. A few will survive and will come out stronger I think, but we'll just have to wait and see.

I agree and I am looking forward to some alts dying off. Hopefully when the next overall alt bubble (ie not just darkcoin etc) the alt economy will have pruned back a bit, easier to ride the bubble that way and not get caught holding the wrong coins.

Lots of money chasing the BTC rise.  Usually once BTC levels off some of the money flows back to the Alts.

[wachtwoord]

In other news, Ripple is taking a thorough spanking and Darkcoin is going stellar (again).
Anyone know what's happening there?

Jed Mcalebd unleashing hell on ripple (selling 9Bn XRP)
https://xrptalk.org/topic/2629-selling-my-xrp/

darkcoin: regular pump before it eventually fades into the abyssal alts graveyard.

LOL! There you go, biggest premine there ever was. What could ever go wrong?!?!

(referring to XRP of course)

Of course he could be evil, buy this opportunity to buy more. Then after buying publically announce his trick (which would make prices spike). And then dump into the elevated market (unannounced).

[Marbit]

In other news, Ripple is taking a thorough spanking and Darkcoin is going stellar (again).
Anyone know what's happening there?

Jed Mcalebd unleashing hell on ripple (selling 9Bn XRP)
https://xrptalk.org/topic/2629-selling-my-xrp/

darkcoin: regular pump before it eventually fades into the abyssal alts graveyard.

LOL! There you go, biggest premine there ever was. What could ever go wrong?!?!

(referring to XRP of course)

Of course he could be evil, buy this opportunity to buy more. Then after buying publically announce his trick (which would make prices spike). And then dump into the elevated market (unannounced).

Maybe, not sure about all that, but tbh, I part of me thinks cheap XRP in the next months (especially if BTC bubbles up and alts diverge again like November) could be a very good buy.... dunno if i will risk much on it though. I did manage to profit nicely on 2 XRP bubbles

[ShroomsKit]

It's so odd how many of you waited for the price to reach 500 or so to buy back in.

I'm sure there are many others (like me) waiting for more of a confirmation before fully unleashing all our fiat

Sure. Just wait till it reaches 600. You could've gone full in at 400 but why do that if you can spend 200 a coin more. You have to be sure, right?

Sure, you could have gone "full in at 400". Quite a few did (or even below that). But the same mindset of unbridled optimism prevented a lot of people to sell at 1000. Or 900. Or 800. Or at all. You get the picture.

Point being, not everyone who bought back "late" (i.e. now) sold early early enough to buy at a profit, but not everyone who buys back now does so at a loss.

Which makes your anger at those who get in now puzzling to me. Let them buy back whenever they want. Be happy that they do so at all, I'd say.

Anger? Not at all.
It just amazes me when i read all these stories here every day. Buying, selling, drawing lines, waiting to buy back in blah blah.
I buy and hold and it works perfect. And i'm pretty sure my profit if i'd sell now would be better than 9 out of 10 of the traders here.
But no, i'm not angry. Just keep using all these trading theories. Totally fine  with me.

[ShameOnYou]

It's so odd how many of you waited for the price to reach 500 or so to buy back in.

I'm sure there are many others (like me) waiting for more of a confirmation before fully unleashing all our fiat

Sure. Just wait till it reaches 600. You could've gone full in at 400 but why do that if you can spend 200 a coin more. You have to be sure, right?

Sure, you could have gone "full in at 400". Quite a few did (or even below that). But the same mindset of unbridled optimism prevented a lot of people to sell at 1000. Or 900. Or 800. Or at all. You get the picture.

Point being, not everyone who bought back "late" (i.e. now) sold early early enough to buy at a profit, but not everyone who buys back now does so at a loss.

Which makes your anger at those who get in now puzzling to me. Let them buy back whenever they want. Be happy that they do so at all, I'd say.

Anger? Not at all.
It just amazes me when i read all these stories here every day. Buying, selling, drawing lines, waiting to buy back in blah blah.
I buy and hold and it works perfect. And i'm pretty sure my profit if i'd sell now would be better than 9 out of 10 of the traders here.
But no, i'm not angry. Just keep using all these trading theories. Totally fine  with me.

Maybe thats true. Maybe not. Its not like you really have any data to support this theory. Maybe buy and hold works perfect for you. Maybe trading works better for others. Me, I needed to have at least a few X my initial investment off the table to not feel despair in a bear market

[Adrian-x]

Interesting that this time alts are not following BTC, they're even going lower. Are we going to see decoupling again like before December?

Look at Darkcoin. +30% last 24h, yeah that's sustainable.

I too have noticed that alts like LTC and DOGE are not following BTC, they are flat or even seeing new lows (DOGE).

I suspect Darkcoin and perhaps a few other alts have something to do with it. Darkcoin has anonymous transactions. Now, ignore Darkcoin and that for a second, my point is really that LTC and DOGE has basically nothing that BTC does not have (LTC has slightly faster transactions, DOGE has MARKETING) and that leaves the door open for any new altcoin that does something which is fundamentally different (more anonymous transactions, for example).

Regardless, it seems BTC has come out #1 and left the challengers in the dust this round.

Darkcoin saved my alt portfolio, but i think other ults will start pumping, when the new crypto proponents enter, this space, (they all dislike bitcoin for some reason and justify using alts, just wait until the feedback loop starts)

At the start of the bitcoin run up from $120 to $1,000 i picked up a fiew LTC at $3 it then outperformed bitcoin i believe for the reason above. I never thought it could take off, but it did.  The same thing will happen to a few select alts, not sure how LTC will go though, but it will be something to monitor.