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

[MoreFun]

Is it me or is selling all your coins at the moment to hopefully buy back in cheaper next week highly risky?

I have less than 12 coins and at this current moment I wouldn't dare to sell even 1.

At this current moment the upward potential by far outweighs the chance of buying in a tiny bit cheaper along with the chance of missing out and/or having to panic buy back in at a higher price.

Also you don't lose money unless you sell at a loss, by holding in a small temporary downwards movement you don't lose anything.

We just broke 2 year bullish trend, have no buying power visible and also good news don't effect the price at all. We didn't have a bad news for a long time, we forgot the feeling...   If anyone sold short term (weeks) be careful for high up volume, otherwise not so so risky. There won't be moon here next week.  

[1715440299]

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[adamstgBit]

oh look walls!

[adamstgBit]

walls gone       

[adamstgBit]

when they pop back up.... BITE! 

[Zohann]

I think you're taking a pretty substantial risk by choosing to be in fiat here.  The sale of the Silk Road coins projected around 575-600 per coin.. That is the most your going to get from downside here.  The market could easily move up 70-150 in a day.  

We have two differing opinions, and that's what makes a market  Please post when you buy back in.

[kodtycoon]

I think you're taking a pretty substantial risk by choosing to be in fiat here.  The sale of the Silk Road coins projected around 575-600 per coin.. That is the most your going to get from downside here.  The market could easily move up 70-150 in a day.  

We have two differing opinions, and that's what makes a market  Please post when you buy back in.

thats a risk i wouldnt have taken ether.. then again im not a trader so dont know shit - held everything 99% of the time since november lol

[MoreFun]

The market could easily move up 70-150 in a day.

I agree, but I hope you have $20M on the table to bring it. Every high is lower in we have no power... But I agree, things can turn around in hours, but nothing is showing this to happen in the coming days...

[adamstgBit]

Is it me or is selling all your coins at the moment to hopefully buy back in cheaper next week highly risky?

I have less than 12 coins and at this current moment I wouldn't dare to sell even 1.

At this current moment the upward potential by far outweighs the chance of buying in a tiny bit cheaper along with the chance of missing out and/or having to panic buy back in at a higher price.

Also you don't lose money unless you sell at a loss, by holding in a small temporary downwards movement you don't lose anything.

first, selling all your coins is not recommended... you gotta have that long term hodl even if it is just 1 BTC and you trade a alot... Always be HODLING!

second, totally depends on your entry point risk tolerance and stuff.

once you got all that sorted out.

feel free too go gamble your bitcoin net worth at bitstamps!



 

[Blazed]

I think we are primed for a small bull run...HODL for now!

[Zohann]

The market could easily move up 70-150 in a day.

I agree, but I hope you have $20M on the table to bring it. Every high is lower in we have no power... But I agree, things can turn around in hours, but nothing is showing this to happen in the coming days...

GABI?  Institutional money is already moving to get in, and more than 20 million will buy in to front run the GABI launch on August 1st.

[MoreFun]

The market could easily move up 70-150 in a day.

I agree, but I hope you have $20M on the table to bring it. Every high is lower in we have no power... But I agree, things can turn around in hours, but nothing is showing this to happen in the coming days...

GABI?  Institutional money is already moving to get in, and more than 20 million will buy in to front run the GABI launch on August 1st.

Yea, "institutional money is moving in for more than half year now" and look how strong the uptrend is... blah. 

[ShroomsKit]

Is it me or is selling all your coins at the moment to hopefully buy back in cheaper next week highly risky?

I have less than 12 coins and at this current moment I wouldn't dare to sell even 1.

At this current moment the upward potential by far outweighs the chance of buying in a tiny bit cheaper along with the chance of missing out and/or having to panic buy back in at a higher price.

Also you don't lose money unless you sell at a loss, by holding in a small temporary downwards movement you don't lose anything.

Nothing points to things going up.
There is huge selling pressure. Every big buy gets instantly dumped on. Good news does absolutely nothing.
But if you sell then you are part of the reason why we keep going down. And it looks like you want us to go up. The reason we don't go up is because of sellers who think we won't go up.  

[ShroomsKit]

The market could easily move up 70-150 in a day.

I agree, but I hope you have $20M on the table to bring it. Every high is lower in we have no power... But I agree, things can turn around in hours, but nothing is showing this to happen in the coming days...

GABI?  Institutional money is already moving to get in, and more than 20 million will buy in to front run the GABI launch on August 1st.

Yea, "institutional money is moving in for more than half year now" and look how strong the uptrend is... blah. 

Yup. Wallstreet has been moving in for 6 months now. I'm just not seeing it.

[wachtwoord]

Nothing points to things going up.
There is huge selling pressure. Every big buy gets instantly dumped on. Good news does absolutely nothing.

Exactly like last September ...

[abercrombie]

First Bitcoin ATM in New York State in Albany coffee shop (video)
cbs6albany.com

[adamstgBit]

I think people are scared of the 2.0 currencies which are coming in late 2014 early 2015. There are quite a few good ones.

O_o this gif is like new kind of virtual chinese torture

[adamstgBit]

I think people are scared of the 2.0 currencies which are coming in late 2014 early 2015. There are quite a few good ones.

lol

[hodlmybtc]

We just broke 2 year bullish trend, have no buying power visible and also good news don't effect the price at all. We didn't have a bad news for a long time, we forgot the feeling...   If anyone sold short term (weeks) be careful for high up volume, otherwise not so so risky. There won't be moon here next week.  

I don't mind waiting for 2 weeks

first, selling all your coins is not recommended... you gotta have that long term hodl even if it is just 1 BTC and you trade a alot... Always be HODLING!

second, totally depends on your entry point risk tolerance and stuff.

once you got all that sorted out.

feel free too go gamble your bitcoin net worth at bitstamps!



 

For sure! Long term hodling all the way here

I'd probably be a pretty bad daytrader so I stay out of that game.

If I know for sure that during the next runup the price increase is unsustainable I will gradually sell (to buy back in later) between $3000-$7000 or higher who knows.

Until then:

[adamstgBit]

Is it me or is selling all your coins at the moment to hopefully buy back in cheaper next week highly risky?

I have less than 12 coins and at this current moment I wouldn't dare to sell even 1.

At this current moment the upward potential by far outweighs the chance of buying in a tiny bit cheaper along with the chance of missing out and/or having to panic buy back in at a higher price.

Also you don't lose money unless you sell at a loss, by holding in a small temporary downwards movement you don't lose anything.

Nothing points to things going up.
There is huge selling pressure. Every big buy gets instantly dumped on. Good news does absolutely nothing.
But if you sell then you are part of the reason why we keep going down. And it looks like you want us to go up. The reason we don't go up is because of sellers who think we won't go up.  

you make it sound like we're crashing.

vol is good, not spectacular, but neither has price action.

its all good.

[Chef Ramsay]

No chance I'd sell anything but I will still keep earning fiat on a regular basis and pumping that in as I see fit. Buying things w/ BTC=good, selling precious coins for slave stamps=barf.