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

[dannyspk]

I shouldn't have shorted LTC.  Any opinions?

what level did you short from? are you leveraged, and are we talking a substantial amount of wonga?

it was 2000 ltc. but never mind i got an extra btc so I'll stay in Bitcoin. Thank you

[JorgeStolfi]

all i can say is, thank god im not Jorge

I hope you all are aware that bitcoin news sites like Coindesk are not supported by traders or individual bitcoiners, but by enterprises such as SMBIT, GABI, Bitpay, Bitstamp, etc..  Ditto for "advertorials" in newspapers.

Have you ever seen those media print anything negative bout those enterprises?  (They even defended Danny Brewster after he ran away...)  You cannot take what they print as the Gospel.  They will only print the pros; for the cons, you are on your own.

[Torque]

I just bought another bitcoin.  

C'mon guys, if everyone buys one, we'll rally.  BUY BUY BUY

[X7]

I just bought a bitcoin. 

C'mon guys, if everyone buys one, we'll rally.  BUY BUY BUY

When a whale moves the whale lice better move with it

[empowering]

all i can say is, thank god im not Jorge

I hope you all are aware that bitcoin news sites like Coindesk are not supported by traders or individual bitcoiners, but by enterprises such as SMBIT, GABI, Bitpay, Bitstamp, etc..  Ditto for "advertorials" in newspapers.

Have you ever seen those media print anything negative bout those enterprises?  (They even defended Danny Brewster after he ran away...)  You cannot take what they print as the Gospel.  They will only print the pros; for the cons, you are on your own.

Are the government of the Isle of Man in on it too do ya think Jorge? (GABI I mean)

answers on a postcard =

Isle of Man Government
Mount Havelock
Isle of Man
IM1 2QF



Isle of Man
Financial Supervision Commission
Contact Details
FSC
Address:    
PO Box 58
Finch Hill House
Bucks Road
Douglas
Post Code:    IM99 1DT

Also

Economic Development
Head Office
1st Floor
St George’s Court
Upper Church Street
Douglas
Isle of Man
IM1 1EX

[notme]

I shouldn't have shorted LTC.  Should I back at a loss? Any opinions?

I closed my 0.013 short below 0.01.  Just looking at LTCBTC I'd probably hold on to a short if I had one, but I'd rather be long BTC.  If you are short in USD terms, I would GTFO.

[JorgeStolfi]

all i can say is, thank god im not Jorge

I hope you all are aware that bitcoin news sites like Coindesk are not supported by traders or individual bitcoiners, but by enterprises such as SMBIT, GABI, Bitpay, Bitstamp, etc..  Ditto for "advertorials" in newspapers.

Have you ever seen those media print anything negative bout those enterprises?  (They even defended Danny Brewster after he ran away...)  You cannot take what they print as the Gospel.  They will only print the pros; for the cons, you are on your own.

Are the government of the Isle of Man in on it too do ya think Jorge? (GABI I mean)

answers on a postcard =

Isle of Man
Financial Supervision Commission
Contact Details
FSC
Address:    
PO Box 58
Finch Hill House
Bucks Road
Douglas
Post Code:    IM99 1DT

You mean Jersey perhaps?  They want businesses on their island.  As long as it is not an outright scam, they won't care much about whether the fund is a good investment or not.  Especially if the customers are expected to come from Continental Europe, Middle East, ...

And why did GABI register there, rather than in the UK?

[empowering]

all i can say is, thank god im not Jorge

I hope you all are aware that bitcoin news sites like Coindesk are not supported by traders or individual bitcoiners, but by enterprises such as SMBIT, GABI, Bitpay, Bitstamp, etc..  Ditto for "advertorials" in newspapers.

Have you ever seen those media print anything negative bout those enterprises?  (They even defended Danny Brewster after he ran away...)  You cannot take what they print as the Gospel.  They will only print the pros; for the cons, you are on your own.

Are the government of the Isle of Man in on it too do ya think Jorge? (GABI I mean)

answers on a postcard =

Isle of Man
Financial Supervision Commission
Contact Details
FSC
Address:    
PO Box 58
Finch Hill House
Bucks Road
Douglas
Post Code:    IM99 1DT

You mean Jersey perhaps?  They want businesses on their island.  As long as it is not an outright scam, they won't care much about whether the fund is a good investment or not.  Especially if the customers are expected to come from Continental Europe, Middle East, ...

And why did GABI register there, rather than in the UK?

Oh shit yes I do, ha ha . oh dear the shame   it is getting late...  (and I have Isle of Man (and their gov) on the brain atm for various reasons) though I used to work for a rather large organisation based in Jersey, I really should not be getting the two of them mixed up at all ha)

and... I am not gonna dig out the addresses for the jersey gov now.. think I should go to sleep the point is... regulation
(though Jorge- if you write them a letter , I will print it out and pop it in the post for you, and see what reply they give ; ) )

and they registered there because the island has a good history of moving quickly with regulation (goes for either of the two islands for that matter)

[ChartBuddy]

Explanation

[dannyspk]

I shouldn't have shorted LTC.  Should I back at a loss? Any opinions?

I closed my 0.013 short below 0.01.  Just looking at LTCBTC I'd probably hold on to a short if I had one, but I'd rather be long BTC.  If you are short in USD terms, I would GTFO.

Yep. It was in USD. But I'm not worried now that I look at it. I can sleep comfortably while being long in BTC. On the other hand, greed is bad. Not gonna fall for it.

[ChartBuddy]

Explanation

[Sandia]

I can't sleep.  I am convinced that the failed dump and failure of shorts to open new positions signals a rally coming.  I was hoping to see 520 before work, but it isn't going to happen.

BTC-e is willing, but the Chinese are sitting on their fiat.

[thefunkybits]

I shouldn't have shorted LTC.  Should I back at a loss? Any opinions?

I closed my 0.013 short below 0.01.  Just looking at LTCBTC I'd probably hold on to a short if I had one, but I'd rather be long BTC.  If you are short in USD terms, I would GTFO.

Yep. It was in USD. But I'm not worried now that I look at it. I can sleep comfortably while being long in BTC. On the other hand, greed is bad. Not gonna fall for it.

I'll be looking for a buy opportunity when BTC gets closer to reaching new highs..

LTC/BTC is at a decent long term price point at 0.01 (You can easily double your BTC if you hold until the next bubble). But I don't think we've seen the "point of maximum pain" yet

[5cMXezpBtm]

And here we go, $500 base building once again. This is so fu****g annoying.

Whale: "Oh, oh, what's this?? Aww no you don't.  I see you slipping there, no no, let's get you riiiight back to EXACTLY $500, right where I want you.  Therrrre we go, yesss....."

Funny one week chart from Kraken

[dannyspk]

I shouldn't have shorted LTC.  Should I back at a loss? Any opinions?

I closed my 0.013 short below 0.01.  Just looking at LTCBTC I'd probably hold on to a short if I had one, but I'd rather be long BTC.  If you are short in USD terms, I would GTFO.

Yep. It was in USD. But I'm not worried now that I look at it. I can sleep comfortably while being long in BTC. On the other hand, greed is bad. Not gonna fall for it.

I'll be looking for a buy opportunity when BTC gets closer to reaching new highs..

LTC/BTC is at a decent long term price point at 0.01 (You can easily double your BTC if you hold until the next bubble). But I don't think we've seen the "point of maximum pain" yet

I don't know mate. People thought LTC was a lost cause and anyone who bought near the 40's range must have experience the point of maximum pain.

[JayJuanGee]

Everybody is expecting a bubble and a lot of people are waiting to sell at 680-700 and up to 1000, only to get the fuck out of bitcoin. I really dont see a bubble coming like last year.

And, good luck, and good bye, "people."  By the way, you may be o.k. getting out between $680 and $850, so long as you are in the red; however, you are really gonna regret getting out between $850 and $1,000 b/c most likely once BTC prices pass $850, we are going to have a fast rise in prices past previous ATH... so sorry about that if you purported "people" so choose to get of bitcoin in the $850 to $1,000 price range.

On the other hand, there is some possibilities (small but still possible) that BTC is NOT going to experience any more exponential growths, and is merely going to grow at a much lower speed. Still may be a good investment, even absent exponential growth - either way, I would NOT write off bitcoin so soon - b/c bitcoin has experienced considerably long lull periods and the past, and has made it to the next upward trajectory and has even surprised with decent returns for people who are NOT attempting to time trades too much and staying for longer term periods....

I think that it is worth hanging out with a certain portion of your wealth in BTC, to see how this bad boy plays out... in the next several years... we have NOT had much materially bad news regarding bitcoin.. of course there have been a few negative items, but they do NOT really rise in any way to neutralize a large amount of good news developments.

[thefunkybits]

I'll be looking for a buy opportunity when BTC gets closer to reaching new highs..

LTC/BTC is at a decent long term price point at 0.01 (You can easily double your BTC if you hold until the next bubble). But I don't think we've seen the "point of maximum pain" yet

I don't know mate. People thought LTC was a lost cause and anyone who bought near the 40's range must have experience the point of maximum pain.

In USD terms, yes, I think so. I'm saying LTC/BTC still has another leg down when BTC starts making jumps so high that LTC cant keep up (this has happened in the past two "bubbles", before LTC/BTC shoots from 0.01 to 0.04 in about the timeframe of a week)

I would say now is a good time to get into LTC/USD but there will be better opportunities ahead if you trade LTC/BTC imo (I'll be waiting for 0.006-0.008)

[JayJuanGee]

Everybody is expecting a bubble and a lot of people are waiting to sell at 680-700 and up to 1000, only to get the fuck out of bitcoin. I really dont see a bubble coming like last year.

any sources? is this ....confirmed?

Nope, just my thoughts. I bought @780 and @680 and since then I am waiting that this sht goes back up to that level (not that I want to sell). And I am not the only one.

Yep... you make your personal feelings sound as if they apply to a lot of other "people,"  just because you are suffering from anxiety and probably because you are ill educated about various positive aspects of bitcoin fundamentals.  Or, alternatively, you over-invested for your own risk tolerance.  So, maybe you should cash out part of your roll in order that you feel more comfortable; however, you personally strike me as the whinny type who is just going to complain either way and then say that you wished you had invested more when the price is in the $3 to 5K range.

I am NOT trying to be overly judgemental, but I am just going by what you have already written... .. and the punchline may be that you gotta cash out part of your stash in order that you feel more comfortable.

[ChartBuddy]

Explanation

[JayJuanGee]

Everybody is expecting a bubble and a lot of people are waiting to sell at 680-700 and up to 1000, only to get the fuck out of bitcoin. I really dont see a bubble coming like last year.

any sources? is this ....confirmed?

Nope, just my thoughts. I bought @780 and @680 and since then I am waiting that this sht goes back up to that level (not that I want to sell). And I am not the only one.

And you're not the only one too.

YES... good bye together, and good luck.... we will see you at $1400-ish when you are buying back in...