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

[adamstgBit]

Should I sell BTC before US auction of btc begins or should I hold ?

i'd sell if it spikes up b4 the auction, and look to buy it back should there be a dip after the auction

but might be best to hold.

[empowering]

The longer I persist in my negative view, the greater will be your fun when I will be finally proved wrong.  

What would take to "finally prove you wrong"? Certain price level over time? Legal skeleton in one of major countries behind BTC? Large company accepting it (like Ebay etc.) ? Really, i'm wondering, what would it take?

 He already explained a hundred times (barely exaggerated at this point) what precisely it would take to conform w/ his definition of 'ok I'm sorry guys you were right in the end - I have to admit bitcoin is now finally successful' ~>

1] Widespread, government-sanctioned (or even promoted) adoption by the public in at least several countries.

2] ^ Due to actual, tangible, John-Q-Public-relevant benefits of using a blockchain-based currency that are OVER and beyond the economical, security, privacy, speed and convenience of use benefits afforded by traditional payment systems & infrastructure..

3] ^ To such an extent that above-referenced general mainstream public now has a NO-BRAINER choice in naturally & easily using a cryptocurrency as payment system.

Is it really that hard to see the writing on the wall though ? really ?

[Youghoor]

Should I sell BTC before US auction of btc begins or should I hold ?

If you cannot decide on your own what to do or whom to follow, then do nothing. Presumably there is a reason that you bought BTC. If it still exists, hold. If it doesn't or never did, sell.

I bought BTC because concept of decentralization appealed to me. I am not in it for profit as I don't hold much BTC.

[adamstgBit]

Should I sell BTC before US auction of btc begins or should I hold ?

If you cannot decide on your own what to do or whom to follow, then do nothing. Presumably there is a reason that you bought BTC. If it still exists, hold. If it doesn't or never did, sell.

I bought BTC because concept of decentralization appealed to me. I am not in it for profit as I don't hold much BTC.

its good to participate in the market, helps liquidity and price discovery, every bitcoiner should have a trading account.

[Chalkbot]

Hardly ever (maybe not ever?) seen someone here proudly proclaim they ignored someone because he was being bullish all the time, or for being a bull troll.

Haha, kinda true.

I'm admittedly perma-bull, but I like keeping my finger on the community pulse, so I don't ignore people. There is more information in what is being posted than the words therin. That being said, the only person I really considered ignoring on here is a bull troll. It took all of my willpower not to, and every time I read his posts, the words echo in my head in a super annoying voice. My biggest fear is that I might sound like that to someone else on here.

[madmat]

Should I sell BTC before US auction of btc begins or should I hold ?

If you cannot decide on your own what to do or whom to follow, then do nothing. Presumably there is a reason that you bought BTC. If it still exists, hold. If it doesn't or never did, sell.

I bought BTC because concept of decentralization appealed to me. I am not in it for profit as I don't hold much BTC.

its good to participate in the market, helps liquidity and price discovery, every bitcoiner should have a trading account.

Yes, I should try. I have a trading account on kraken. I should try to trade with the money i earn from signature. Nothing to lose.

[SFHere]

Should I sell BTC before US auction of btc begins or should I hold ?

If you cannot decide on your own what to do or whom to follow, then do nothing. Presumably there is a reason that you bought BTC. If it still exists, hold. If it doesn't or never did, sell.

I bought BTC because concept of decentralization appealed to me. I am not in it for profit as I don't hold much BTC.

If it's not about the profit then hold. Support bitcoin's concept of decentralization.

[adamstgBit]

Should I sell BTC before US auction of btc begins or should I hold ?

If you cannot decide on your own what to do or whom to follow, then do nothing. Presumably there is a reason that you bought BTC. If it still exists, hold. If it doesn't or never did, sell.

I bought BTC because concept of decentralization appealed to me. I am not in it for profit as I don't hold much BTC.

If it's not about the profit then hold. Support bitcoin's concept of decentralization.

support the concept by accepting it as payment and using it for payment.

[maok]

its good to participate in the market, helps liquidity and price discovery, every bitcoiner should have a trading account.

+1

[adamstgBit]

its a real pleasure buying things online with bitcoin feels much better than paying with visa.

[blatchcorn]

its a real pleasure buying things online with bitcoin feels much better than paying with visa.

Yup.  Fiat is boring

[okthen]

its a real pleasure buying things online with bitcoin feels much better than paying with visa.

Not only it feels better, it's also so much cheaper!
Those Visa people really rip us off!

[Bios Optimus]

its a real pleasure buying things online with bitcoin feels much better than paying with visa.

I wish I could spend some.   I got in the game late and I don't want to part with what I have yet.

[KFR]

Just replace what you use.

[Bios Optimus]

Just replace what you use.

I know you are right but I just can't bring myself to spend any right now.

[ChartBuddy]

Explanation

[kireinaha]

weekend crash/long squeeze coming. This isn:t looking good, is it?

[Adrian-x]

Should I sell BTC before US auction of btc begins or should I hold ?

If you cannot decide on your own what to do or whom to follow, then do nothing. Presumably there is a reason that you bought BTC. If it still exists, hold. If it doesn't or never did, sell.

I bought BTC because concept of decentralization appealed to me. I am not in it for profit as I don't hold much BTC.

You are then part of the P2P Fed replacement. For best results and maximum benefit to all participants in this decentralized experiment you should :

Hold (and accumulate) when liquidity is high - price is falling.
Sell when liquidity is low. Price goes up too fast.

For a rough guide on when the price is too high or too low see https://bitcointalk.org/index.php?topic=366214.0 this projection is a little steep but I hope you get the idea.

[JayJuanGee]

There is a timing problem with the 'buy to dump immediately on exchanges' scenario: [ ... ] The buyer has to be cautious with respect to market movement 27th June - 3rd July.

Yes, he must include that forced delay in his estimate of how much money he would get if he got those coins.  It is irrelevant for the optimistic bidder, very important for the pessimistic bidder.

The delay is does NOT make any difference whether a person is optimistic or pessimistic... but it would likely weed out some short term manipulations.  In that respect the delay affects long term versus short term calculations regarding those coins. 

NONETHELESS, i believe one theory is that many of the bidders would likely already hold a large number of coins - and accordingly, their total investment in bitcoin could be enhanced by any kind of manipulative affect from the coin sales... 

[aminorex]

DRK has forked again.