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

[grappa_barricata]

Well hopped on and got .36 BTC at $495.25 on coinbase...... for the sole purpose of popping my cherry to have over 50 BTC now.

Just a heads up ...I always punch the ticket too soon..it will likely fall more...just watch...

anyway got 50 coin now.... managed to squeak (maybe) out of minnow status?

this catching a falling knife stuff is tricky

Searing

Oh no what have you done! 

[escalicha]

That btc-e volume

Yes, thats   

[Searing]

Well hopped on and got .36 BTC at $495.25 on coinbase...... for the sole purpose of popping my cherry to have over 50 BTC now.

Just a heads up ...I always punch the ticket too soon..it will likely fall more...just watch...

anyway got 50 coin now.... managed to squeak (maybe) out of minnow status?

this catching a falling knife stuff is tricky

Searing

Oh no what have you done! 

last of the big spenders I am.....(swims away minnow like in the BTC ocean.......heh.....)

Searing

[thefunkybits]

Hanging off a cliff here...

I wouldn't even mind a nice dip to $400 at this point  

[grappa_barricata]

Meanwhile in meat-space:

[JayJuanGee]

Obviously Fallling is a bit of a dick but the guy is honestly right more than any of you bulls are. Fallling why exactly do you troll so much and hate bitcoin is it because you honestly see no need for it? I finally made an account on here out of frustration because I guess I'm a "weak-hand". I buy 5 BTC a week ago because all the experts on here tell me we should start seeing some upward pressure but all I've seen is my money down the toilet and don't expect to see any actual gains any time soon. My knowledge of trading is very elementary but it appears most people's views on here are pretty out of touch with reality. Anytime you say "Cheap coins!?" because the price is dropping and then a week later it drops some more..well you messed up there didn't you because ya could have gotten them a tad bit cheaper.

There are basically to ways to invest:
1) Buy when there is blood - you may catch a falling knife though
2) Buy in a rally (in the beginning, you should be able to tell when it is worth getting in) - you may get in late

Usually if you respect your fiat you choose 2)
If you invest what you can afford to lose you go with 1)

Don't accuse the 'experts' bro..

Klee - It seems that you are leaving out the dollar cost averaging practice, and implicitly suggesting that investors put all their money in at once or some variation of putting in all your money at once.

Otherwise, I do NOT disagree with you b/c it seems as if, here, 2collect is attempting to shirk responsibility for his/her own investment choices and decision-making... and it remains a bit irritating to be blamed b/c the price moved the opposite as expected (at least in the short-term)

[esse83]

wtf btc-e 

[escalicha]

wtf btc-e 

big whale is losing his money with fee, or not.

[JorgeStolfi]

GABI will be competing with PBP, SMBIT, Exante, and perhaps a few other bitcoin funds.

SMBIT (now with ~107'000 BTC) has not attracted any significant investment since May, and has actually shrunk a bit over the last month.  Exante was started in 2011 and has some ~90'000 BTC, I don't know how it is evolving.  I know nothing about the other funds.   

The value of SMBIT's shares is pegged to the market price of BTC.  Officially, they buy BTC when clients invest, sell BTC when clients liquidate, and make profit from fees.  I suppose that the other funds work the same way, is that correct?

What is special about GABI that would convince someone to invest in GABI but not in the other funds?

[JayJuanGee]

Momentum hasn't picked up too heavily yet, but I suspect it might. We kept pounding on that 3100/500 level until it gave in. I think when we bounce next, it may become a strong resistance. We'll see, but it looks like there is more down incoming.

told ya, you have to face bitcoin's downfall sooner or later

falling STFU

i went to a crazy party last night and i said so crazy shit

but saying bitcoin was gonna go to the moon in 10 years or pretty fucking son so BUY BUY BUY!

wasn't one of them.

bitcoin is fucking Gold my friend, Gold!

deal with it.


you know this..... you know bitcoin....

sell walls at $500 are being built, soon $500 will be a unreachable target or replace the definition of "moon"

irrelative. you know this....

honestly fuck i hope a bunch of restarts sell their gold, i need to replenish my stash really... dont mind doing that on the Cheap! Lol.

If BTC drops further doesn't that mean the coins you bought were not that cheap? Hope your party was good.

YES>>>>>> You are a whiner... ..

A lot of us are considering these coins cheap under $1,000 per BTC... even though they are cheaper NOW than they were 2 weeks ago..

When the price sky rockets up, in the next week, month, 6 months, year or maybe a little longer, it will likely NOT matter if your average price per BTC was $400 or $800 b/c the price will be much higher than that.  Surely, it is better if you can acquire the coins cheaper, but you do the best that you can to attempt to accumulate at the best cost that you can without whining about your decisions... ALSO... Do NOT invest more than you can afford to lose, just in case this whole thing blows up and becomes worth pennies ...   And grow some balls... 

[JayJuanGee]

Obviously Fallling is a bit of a dick but the guy is honestly right more than any of you bulls are. Fallling why exactly do you troll so much and hate bitcoin is it because you honestly see no need for it? I finally made an account on here out of frustration because I guess I'm a "weak-hand". I buy 5 BTC a week ago because all the experts on here tell me we should start seeing some upward pressure but all I've seen is my money down the toilet and don't expect to see any actual gains any time soon. My knowledge of trading is very elementary but it appears most people's views on here are pretty out of touch with reality. Anytime you say "Cheap coins!?" because the price is dropping and then a week later it drops some more..well you messed up there didn't you because ya could have gotten them a tad bit cheaper.

There are basically to ways to invest:
1) Buy when there is blood - you may catch a falling knife though
2) Buy in a rally (in the beginning, you should be able to tell when it is worth getting in) - you may get in late

Usually if you respect your fiat you choose 2)
If you invest what you can afford to lose you go with 1)

Don't accuse the 'experts' bro..

Well, good thing you sold then.. b/c it sounds as if you do NOT know what you are doing.. and you do NOT have sufficient patience for BTC investing... also, it seems that you are incapable of taking responsibility over your own decision making b/c you are whining about the movement of the market.. and blaming people in this forum.

I made a hefty penny off the last big rally in May. If I had kept my btc I would have lost any gains whatsoever by now.

[Sandia]

That btc-e volume

That is hilarious!  Two bots fighting it out?  There were hundreds of trades back and forth between 2 prices in less than a minute..

[JayJuanGee]

No one are speaking about btc-e trades? crazy boot? No fee? xD

BTC - e charges a trading fee of .2%, no? 

[thefunkybits]

wtf btc-e 

big whale is losing his money with fee, or not.

8000 BTC volume in 30 min?

  unlike btc-e to get that kind of volume with $10-15 slippage

[grappa_barricata]

This must be the bottom for now

Edit: or maybe not 

[ChartBuddy]

Explanation

[klee]

Obviously Fallling is a bit of a dick but the guy is honestly right more than any of you bulls are. Fallling why exactly do you troll so much and hate bitcoin is it because you honestly see no need for it? I finally made an account on here out of frustration because I guess I'm a "weak-hand". I buy 5 BTC a week ago because all the experts on here tell me we should start seeing some upward pressure but all I've seen is my money down the toilet and don't expect to see any actual gains any time soon. My knowledge of trading is very elementary but it appears most people's views on here are pretty out of touch with reality. Anytime you say "Cheap coins!?" because the price is dropping and then a week later it drops some more..well you messed up there didn't you because ya could have gotten them a tad bit cheaper.

There are basically to ways to invest:
1) Buy when there is blood - you may catch a falling knife though
2) Buy in a rally (in the beginning, you should be able to tell when it is worth getting in) - you may get in late

Usually if you respect your fiat you choose 2)
If you invest what you can afford to lose you go with 1)

Don't accuse the 'experts' bro..

Klee - It seems that you are leaving out the dollar cost averaging practice, and implicitly suggesting that investors put all their money in at once or some variation of putting in all your money at once.

Otherwise, I do NOT disagree with you b/c it seems as if, here, 2collect is attempting to shirk responsibility for his/her own investment choices and decision-making... and it remains a bit irritating to be blamed b/c the price moved the opposite as expected (at least in the short-term)

Not sure that I understand what you wrote but I refer to the amount of money someone has already decided to invest - if it is relative big for him better go with  2), if it is small then 1).

[heslo]

Well hopped on and got .36 BTC at $495.25 on coinbase...... for the sole purpose of popping my cherry to have over 50 BTC now.

Just a heads up ...I always punch the ticket too soon..it will likely fall more...just watch...

anyway got 50 coin now.... managed to squeak (maybe) out of minnow status?

this catching a falling knife stuff is tricky

Searing

Jealous, here I am with my 12ish coins and wish I had 50. Good work!

[JayJuanGee]

Well hopped on and got .36 BTC at $495.25 on coinbase...... for the sole purpose of popping my cherry to have over 50 BTC now.

Just a heads up ...I always punch the ticket too soon..it will likely fall more...just watch...

anyway got 50 coin now.... managed to squeak (maybe) out of minnow status?

this catching a falling knife stuff is tricky

Searing

50BTC is a pretty decent quantity.  Likely much better than minnow status in the event that BTC experiences another 10X -ish bubble... Who knows, though?  Even people with 5-20BTC would be doing pretty well in the event that BTC begins to get some decent momentum in wallstreet trading and money transmittal and storage of wealth.. Since you registered in May 2013, I imagine your average price per BTC is lower.. I mean you are probably currently in the black, no? 

My average price per BTC is about $606, so I am currently nearly 20% in the red... though currently, I am NOT too worried and I plan to buy more as my fiat comes in.. Actually, I was going to have $4500 to buy BTC in the coming weeks, but my business partner screwed up some things, and it looks as if I am only going to have around $3000... and I probably need to be careful that i do NOT over extend some of my reserves when these kinds of negative money flow things cause for needs for cash.

[HarHarHar9965]

3000 broke on Huobi, but there is some mid-term support right below. Bounce here? Bear flag maybe? I can't say the chart looks bullish, but maybe the bleeding will stop for a little bit.