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

[deadley]

What if it breaks?    
What are the generally accepted long term channels at the moment?

It is generally accepted that you should never sell your bitcoins for anything less than a price, which is multiple times of the ATH of the prior boom.

- If Bitcoin is in its growth channel, and you panic sell in the bottom, it will cost you most of your bitcoins when you panic buy at 5-20x higher after realizing you were wrong. (If you panic buy threshold is lower, you end up always buying high and selling low, and diluting your holdings.)

- If it it destroyed, you have no way knowing it and being able to salvage the high point of your value. Salvaging a low point, is meaningless when the same outcome in fiat terms can be achieved by selling a few %-points more in the previous boom.

this community lives in dreams just because of people full of shit like you, of course you sold most of your Bitcoins to buy a "castle" and fill your account but you tell others to don't, what a dick head.

How time is changing. A couple of months ago you was the roaring uber-bull and fonzietila the bear.

It's nothing surprising, people change bullish to bearish and vice versa.
But Market is not going anywhere atleast for 1-2 weeks too.

That people change bullish to bearish and vice versa is not surprising, yes. But that they change the side with same Emotionality. I mean, investing overloaded with emotions....

...better doing something creative with your emotions like singing, dancing, or running nude on the street but evaluating an investment...

...no!

Fully agree with you, I also learned this very hard way after loosing so much money.

Never trade with emotion. Put emotion aside when trading or investing.

[mmitech]

What if it breaks?    
What are the generally accepted long term channels at the moment?

It is generally accepted that you should never sell your bitcoins for anything less than a price, which is multiple times of the ATH of the prior boom.

- If Bitcoin is in its growth channel, and you panic sell in the bottom, it will cost you most of your bitcoins when you panic buy at 5-20x higher after realizing you were wrong. (If you panic buy threshold is lower, you end up always buying high and selling low, and diluting your holdings.)

- If it it destroyed, you have no way knowing it and being able to salvage the high point of your value. Salvaging a low point, is meaningless when the same outcome in fiat terms can be achieved by selling a few %-points more in the previous boom.

this community lives in dreams just because of people full of shit like you, of course you sold most of your Bitcoins to buy a "castle" and fill your account but you tell others to don't, what a dick head.

How time is changing. A couple of months ago you was the roaring uber-bull and fonzietila the bear.

It's nothing surprising, people change bullish to bearish and vice versa.
But Market is not going anywhere atleast for 1-2 weeks too.

That people change bullish to bearish and vice versa is not surprising, yes. But that they change the side with same Emotionality. I mean, investing overloaded with emotions....

...better doing something creative with your emotions like singing, dancing, or running nude on the street but evaluating an investment...

...no!

I see that I stepped on your dreams....

[rjp55]

MMitech is one of the most pathetic people on this board. Writes an article about how great Litecoin is...LOL. Now trolls everyone while price is dropping when he admits he just wants to make money himself. GTFO and go cry on your own.

[Ultros]

The uber-bulls often become the worst bears. Still cultist but bitter, emotionally unstable and aggressive with their former bull companions they "should never have followed to begin with". Self-despite and revenge.

Fortunately we also have a few reasonable bears that put emotions and trolling aside. Not easy on this forum, but still.

[mmitech]

MMitech is one of the most pathetic people on this board. Writes an article about how great Litecoin is...LOL. Now trolls everyone while price is dropping when he admits he just wants to make money himself. GTFO and go cry on your own.

so you are the one who read my articels 

[hyphymikey]

Just whales loosing money, that is all.

[MoreFun]

Yes! Demons are going away! we can clearly see that!

And btw. look which page is this .. 777x ...

a perfection is coming!!

$777 we are ready ! hehe.

Will you bring money to the table or where will we get at least $30M of fresh money???

[ChartBuddy]

Explanation

[iram3130]

Just whales loosing money, that is all.

Whales never lost money, they make money doesn't matter for sometime they have notional loss but at the end they always earn.

[ChartBuddy]

Explanation

[spooderman]

Gd morning bitcoiners And fuck you ecuador. You seemed so progressive re drugs, and now this?

[EvilPanda]

Gd morning bitcoiners And fuck you ecuador. You seemed so progressive re drugs, and now this?

They banned crypto because they want to make their own, which means they know its potential.
This is a great advertising and some small banana republic wouldn't influence the market anyway. They can't even deal with their own drug lords

[bananaControl]

Gd morning bitcoiners And fuck you ecuador. You seemed so progressive re drugs, and now this?

They banned crypto because they want to make their own, which means they know its potential.

It actually just means that they know it has some potential, but can't fully grasp the entire disruptiveness of the beast. If they actually did, they would know that they are now just pissing their own pants to keep warm.

[dreamspark]

Gd morning bitcoiners And fuck you ecuador. You seemed so progressive re drugs, and now this?

They banned crypto because they want to make their own, which means they know its potential.

It actually just means that they know it has some potential, but can't fully grasp the entire disruptiveness of the beast. If they actually did, they would know that they are now just pissing their own pants to keep warm.

Firstly I had to laugh that the person who replied to EvilPandas banana republic comment was bananaControl 

I agree with the whole they can see its disruptivness as I think fiat currencies in places such as that are in an even worse state than in the went in some respects.

[JorgeStolfi]

It's nothing surprising, people change bullish to bearish and vice versa.
But Market is not going anywhere atleast for 1-2 weeks too.

A nomenclature question: bulls believe the price will go up, bears believe that it will go down.  What animal believes that the price will not change?

[ChartBuddy]

Explanation

[mmitech]

If this consolidation continues for another week until Jan. 6th, bears are going to be treading on REALLY thin ice, imo.

Depends on the timeframe. Personally I expect the final capitulation in Feb +/- 1 month, so one week does not matter much. Perhaps there should be a different thread for people who trade on daily, weekly and monthly timeframe. Or less slander. If March passes without hitting $400, then the chances of seeing it again are slim.

Well my premise is this one. A lot of new fiat will be hitting the exchanges in January. People want to get in NOW given what happened between Jan to Dec of 2013. Especially if the slow trend up continues.

My timeframe is longer. Bitcoin has been around for 5 years, and it has always been a terrific enlightenment for those who have been ripe for it. The knowledge about bitcoin has grown exponentially and investment into it has grown exponentially. I expect this to continue and every year be on average 12 times more glorious (as it has been), until everybody uses bitcoin (which will happen in 2016-17 at this rate). Everything that has happened since 2009 is captured by the trend and its variations, and will be.

There has been some regularities in the growth that I have researched, some of it is published, some not. I believe knowing them gives an edge in trading, and so far it has proven to be good. I have several million dollars of my own money that I could use to purchase bitcoins but choose not to. Not at this price. I am taking a large, calculated risk, with entry points set according to mathematical model for the rest of the year. I even gave the average sell price a few posts ago. Now there is no need to comment that I am doing bad every time the price rises $10. You could as well post about how good I am doing for the reason that I always have more bitcoins than fiat anyway  

So, after smoking the best the world has to offer, I again feel that taking a break from this thread is in order.

See you at $500. And don't fall in the bull trap

you have really to brag about your millions and what you are smoking hahahaahah, man what an ego, maybe you understand some market(silver market?) but you dont understand the network effect and the technology that bitcoin offers, most of your calls were wrong, the calls where were you right was just a lucky call, like most of traders here, you need more luck than anything else.


Bitcoin is the most unpredictable asset, there is no company that you can analyze, there is only early geek adopters and really early techno savy entrepreneurs that crash the market when they decide to cahs some profit, BTW your only advantage "for these many millions" is the time when you knew about Bitcoin. many of us here invested more Fiat than you maybe saw in your life so stop braging about your "millions".... new money this is what is it called  

Looks really like switching between extreme mania to deep depression. Maybe you should not allege other people to dream and deal more with own illusional dreams and illusional nightmares. This would be more healthy.

Regarding you're doing your business (now) in the Arab way, you should thinking of doing it better the Asian-Zen way with more mental balance ;-)

that statement above is still valid, and I still think the same didn't even change my mind BTW, middle east arab countries are in ASIA, so go figure that out... 

[Torque]

MMitech is one of the most pathetic people on this board. Writes an article about how great Litecoin is...LOL. Now trolls everyone while price is dropping when he admits he just wants to make money himself. GTFO and go cry on your own.

No, now he's going on Litecointalk and posting doom about LTC, all the while promoting DRK.  Jesus dude, switch horses much?  This is how you kill personal credibility on forums.

[mmitech]

MMitech is one of the most pathetic people on this board. Writes an article about how great Litecoin is...LOL. Now trolls everyone while price is dropping when he admits he just wants to make money himself. GTFO and go cry on your own.

No, now he's going on Litecointalk and posting doom about LTC, all the while promoting DRK.  Jesus dude, switch horses much?  This is how you kill personal credibility on forums.

post a link where I doomed LTC... be a man and do it.

Edit: in fact, post a link where I doomed any coin except Dogecoin.

[ssmc2]

http://www.bloomberg.com/video/can-bitcoin-be-stable-long-term-MUW~NwTOTQeXVG3e7ML3oA.html

Stability and transaction fees? It's as if they're not even acknowledging that these "fees" are just because some people/businesses are opting to use coinbase/bitpay.