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

[ChartBuddy]

Explanation

[Sandia]

Bitstamp needs $4.12, Bfx needs $6.31 to get the party rolling.
Someone is dumping into the rally on Stamp, we will see if the bulls have any balls.

[adamstgBit]

Bitcoin Embassy in Poland

cool!

[empowering]

...
BTC is still here... and the future is even brighter and BTC is even stronger... (only a blind man cannot see this)

So therefore, for me , now is not the time to sell....
...

Horribly faulty logic.  BTC may be "even stronger," but its exchange rate is lower than it once was.  If the exchange rate continues on its downward trend, it's smart to sell, regardless of Bitcoin's eventual success.

Right... ok if that works for you, it works for you.

I am very happy with my decision, and it has worked very well for me... I am perfectly happy, the only thing I have done wrong is not buy more in the $75 region...

"If the exchange rate continues"  there is only one thing the exchange rate will continue to do.... and that is go up, and go down, and sideways and down and up etc etc

That's what most of us are here to cash in on--volatility.  Some of us make good calls, some bad.  Some, like you, claiming they don't make any calls, are indifferent to price volatility, and simply hodl no matter what.  For me, this begs the question:  What are they doing here?  Trolling?  Propagandizing?
 

If you are playing this long term, as I am, and do not really care for spending the time or the stress or the risk, playing games to increase your BTC stash, then there is nothing wrong with my "horrible logic"  it might not fit into your way of thinking, or your plan, risk tolerance, long term goals, views , financial situation/needs, lifestyle, etc but that is fine, that is why you are one individual and I another.

I'm glad that you are happy with your choice.  It's the logic you used to back up your decision that's flawed.  If, like many of us, your goal is to make BTC, you're doing it wrong.  If your goal is to make fiat?  Still doing it wrong.

This is the speculation subforum, peopled by traders--speculators.  If you are indifferent to short-term price fluctuations, my guess is you're just in the wrong place.  Not bitching about you being off-topic, that's fine with me, as long as you understand that you are off-topic.  This is about BTC price, not eventual success or failure of Bitcoin.

TL;DR:  Knowing that Bitcoin will succeed is neat, but doesn't help me make money.
inb4 "selfish greedy etc., etc":  Speculation forum about money.

  I dunno if you have noticed, but then I seem to remember that reading is not your strongest point   but this forum is a general hang out area, there are all sorts of investors, and traders, and even non owners here, and the discussison is about all things, and I am here because I like to chew the cud with some people here and it is another handy news source sometimes... no big mystery, really. So your blah blah about "if you are indifferent to short term price" and being in the wrong place is just bullaxe.... and I can be interested in the short term price, without having to explain it to you, or without it making me want to change my mind, or my long term strategy, until of course it does, then I will feel free to change my mind and do what I see as right.  Honestly, for me, if BTC continues to grow, my logic and strategy is amazing, low maintenance, high profit, and I am free to spend my time working on other things, and to have fun, the logic is not flawed, it works and continues to work very very well for me... as I said many considerations to take into account, horses for courses and all that,  if you do not accept that, then that is up to you.

 I believe this started when Klee asked about long term holders thinking of selling, and what peoples views are.... as I have held for some time, I commented... that if you were a long term holder then before would have been better to sell than now, and I pointed out my reasons for thinking so (you piped in with "hindsight" which is incidentally another reason I choose not to short term trade, as I do not have the luxury of hindsight, but I do , I hope, have a little foresight) and I elaborated in another post as to why I would not sell now (i.e BTC in my view is stonger than it was when I bought, and as a buyer with a long term view now is a odd time to sell) which was answering the question that Klee had asked.  Hope that makes sense.

[NotLambchop]

... (i.e BTC in my view is stonger than it was when I bought, and as a buyer with a long term view now is a odd time to sell) which was answering the question that Klee had asked.  Hope that makes sense.

You and the market haven't been seeing eye-to-eye since 2013.  One of you is wrong, and teh market is definitive.  So yeah.

Protip: When reality (like falling BTC price and people selling) doesn't make sense to you, don't assume that, just 'coz you don't understand it, it's somehow "wrong" or nonsensical.
Keep trying to understand.
I'm rootin' for ya!

[Richy_T]

https://hitbtc.com/market-analytics

"Talk is also starting to pick up in Bitcoin circles that big players might be considering taking some profits from their early entries and mining profitability is starting to get stressed at these prices. "

Tone Vays is a 10 year veteran of Wall Street working for the likes of JP Morgan Chase and Bear Sterns within their Asset Management divisions. Trading experience includes Equities, Options, Futures and more recently Crypto-Currencies. He is a Bitcoin believer who frequently helps run the live exchange (Satoshi Square) at the NYC Bitcoin Center and more recently started speaking at Bitcoin Conferences worldwide. He also runs his own personal blog called LibertyLifeTrail.


Thoughts?

He's probably talking about this thread

[empowering]

... (i.e BTC in my view is stonger than it was when I bought, and as a buyer with a long term view now is a odd time to sell) which was answering the question that Klee had asked.  Hope that makes sense.

You and the market haven't been seeing eye-to-eye since 2013.  One of you is wrong, and teh market is definitive.  So yeah.

Protip: When reality (like falling BTC price and people selling) doesn't make sense to you, don't assume that, just 'coz you don't understand it, it's somehow "wrong" or nonsensical.
Keep trying to understand.
I'm rootin' for ya!

Wow...

One word: Long-term. (alright two words)

another three: Works for me.

Moving on from here=

Whatever you say pro.

Good luck with everything champ.

[ChartBuddy]

Explanation

[coins101]

The path to $100,000 BTC

-> Apple launch own payments system

-> PayPal sign posts to the market it is doing something to counter with BTC

-> More traders take notice of BTC

-> Samsung, thinks it needs to enter the game with BTC.

-> Sony has to keep up and launches BTC for gamers

-> Every trader takes a stake in BTC

-> Pension funds buy as much BIT and COIN as they can get their hands on

-> Warren Buffett changes his mind on BTC

-> Retail investors buy as much BTC, BIT and COIN as they can

-> Microsoft thinks about buying all the BTC, but decides to create MSN Coin

-> We [who have BTC] all live happily ever after

I've read it 10 times. Although I'm sceptic with the last point... 

Made a minor edit. I think reads better now.

Thanks.

[oda.krell]

... (i.e BTC in my view is stonger than it was when I bought, and as a buyer with a long term view now is a odd time to sell) which was answering the question that Klee had asked.  Hope that makes sense.

You and the market haven't been seeing eye-to-eye since 2013.  One of you is wrong, and teh market is definitive.  So yeah.

Protip: When reality (like falling BTC price and people selling) doesn't make sense to you, don't assume that, just 'coz you don't understand it, it's somehow "wrong" or nonsensical.
Keep trying to understand.
I'm rootin' for ya!

Wow...

One word: Longterm.

another three: Works for me.

Moving on from here=

Whatever you say pro.

Good luck with everything champ.

Eh, sorry to barge in on this, but... not really sorry.

What the hell, NotLambchop? We had a a few pretty good discussions, I have to say. You're bearish, quite a bit more than the average poster here. I appreciate that (I hate the filter bubble this place can sometimes be).

I also get the annoyance at the anti-trader attitude that some people ... no, cut that -  a vast number of people put up in here. That said, nothing of that applies to what empowering wrote. I enjoyed his posts on the last few pages - the (kinda rare in here) perspective of a long term bull/Bitcoin optimist that is not also part of the TO DA MOON NAO! crowd.

What I'm trying to say... don't know what crawled up your arse today, but you're a bear (by position, I mean) - the price action of the past week(s) should make you a lot more relaxed than you're acting in this discussion

[empowering]

oda.krell you sir are both a gentleman and a scholar 

[falllling]

we need a quick drop to crash bulls mind

[findftp]

The path to $100,000 BTC

-> Apple launch own payments system

-> PayPal sign posts to the market it is doing something to counter with BTC

-> More traders take notice of BTC

-> Samsung, thinks it needs to enter the game with BTC.

-> Sony has to keep up and launches BTC for gamers

-> Every trader takes a stake in BTC

-> Pension funds buy as much BIT and COIN as they can get their hands on

-> Warren Buffett changes his mind on BTC

-> Retail investors buy as much BTC, BIT and COIN as they can

-> Microsoft thinks about buying all the BTC, but decides to create MSN Coin

-> We [who have BTC] all live happily ever after

-> Bitcoin will be used as global reserve currency

I've read it 10 times. Although I'm sceptic with the last point...  

Made a minor edit. I think reads better now.

Thanks.

You're welcome (did an extra addition)

[NotLambchop]

...
What I'm trying to say... don't know what crawled up your arse today, but you're a bear (by position, I mean) - the price action of the past week(s) should make you a lot more relaxed than you're acting in this discussion

Yup.  In hindsight, i was being a prick.  Sorry.

I guess what crawled up my ass is "BTC price is falling but Bitcoin is stronger."  Exchange rate reflects the overall confidence in Bitcoin.
Adoption rate, politics, ease of use--these all are, at least theoretically, factored into the market price.
My original point was very simple:
If Bitcoin continues to get stronger, while its exchange rate continues to fall, it makes perfect sense to sell.  Seems reasonable to me.

Agreed?

[Denton]

We n33d some ridiculous news it seems to break this trend. But that's not going to happen.

Acceptance from merchants doesn't cut it anymore.

What is needed is use by consumers

And this is not binary like merchant acceptance, it's steady and gradual. All that matters is that it happens at an increasing rate, which I understand is the case.

Hopefully in the not too distant future, travel correspondents will understand that a big element of choosing a holiday location is how widely adopted bitcoin is in the destination.

Breaking: IMF plans to replace SDR with bitcoin.
Price falls 20%!

Breaking: Central banks all over the world are hoarding bitcoin and dumping gold.
Price reaches a low not seen in years!

Breaking: Aliens want to sell cutting edge technology, will only accept bitcoin.
BTC price crashes, 99% of mining farms go broke.

[BBmmBB]

today is gonna be a good day.

fekkit , if everyone else bails me and you we will still linger and talk about the "good ole days" !!! muhahahah   http://smilies.newcastlebeats.com/smilies/sunny.gif

[grappa_barricata]

The markets, right now:

[oda.krell]

...
What I'm trying to say... don't know what crawled up your arse today, but you're a bear (by position, I mean) - the price action of the past week(s) should make you a lot more relaxed than you're acting in this discussion

Yup.  In hindsight, i was being a prick.  Sorry.

I guess what crawled up my ass is "BTC price is falling but Bitcoin is stronger."  Exchange rate reflects the overall confidence in Bitcoin.
Adoption rate, politics, ease of use--these all are, at least theoretically, factored into the market price.
My original point was very simple:
If Bitcoin continues to get stronger, while its exchange rate continues to fall, it makes perfect sense to sell.  Seems reasonable to me.

Agreed?

Kinda. I trade, but I also have a "going down with the ship" position. That's my, let's say, "contribution to the network". I will happily sell the trading position depending on price. The other part is kept offline, not just for safety reasons, but also with the intention of this being a significant financial stake in this experiment even if it eventually turns out it'll fail. So, yeah, guess I'm trying to rationalize here how I'm both motivated by both greed/selfishness and idealism. Not sure if that makes any sense to the outside observer...

[grappa_barricata]

Kinda. I trade, but I also have a "going down with the ship" position. That's my, let's say, "contribution to the network". I will happily sell the trading position depending on price. The other part is kept offline, not just for safety reasons, but also with the intention of this being a significant financial stake in this experiment even if it eventually turns out it'll fail. So, yeah, guess I'm trying to rationalize here how I'm both motivated by both greed/selfishness and idealism. Not sure if that makes any sense to the outside observer...

It make perfect sense to me 

[N12]

People are becoming very hateful and quarrelsome around here. It's no wonder though, many have put the highest of expectations into specific events/news the past few months, only to be disappointed again and again as they learn (and repeatedly forget) that news doesn't mean shit in a market ruled by sentiment.