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

[spooderman]

420 again? this is getting ridiculous, I'm having to get high way more than I'd like.

[akujin]

Nice. Come on.. push.. 

[Davyd05]

I rest knowing the market will be wacky while I sleep

[JayJuanGee]

What is the past? A couple of dips and strong rebounds over a period of several months. Price gets higher every time.

I honestly don't understand how you can say this...if it were true, then BTC would be at an ATH wouldn't it?

The truth as I see it, is that since the beginning of the year BTC has had a couple of dips and strong rebounds, however the price doesn't get higher on every rebound which has lead to a steady decline all year.

Don't get me wrong, I'm not a troll looking to spew FUD around, I have some BTC myself, I just don't get it when people don't appear to acknowledge the decline.

Well, hopefully you will come to realize that BTC is a decent investment before it is too late and  you will be chasing the train b/c you seem to be holding back from investing in BTC  because you seem to believe that the last 9 months are reflective or indicative of what is going to continue to happen with BTC prices in the next 9 months... ..

Anyhow if you do NOT get on board the BTC train, then that remains your choice.. and good luck to you... and hopefully you will have NO regrets with your currently pessimistic state regarding BTC   

[akujin]

Huobi waiting for btce.. 

[Pala_00]

Nice. Come on.. push.. 

WILL NEVER DIE

[lyth0s]

What is the past? A couple of dips and strong rebounds over a period of several months. Price gets higher every time.

I honestly don't understand how you can say this...if it were true, then BTC would be at an ATH wouldn't it?

The truth as I see it, is that since the beginning of the year BTC has had a couple of dips and strong rebounds, however the price doesn't get higher on every rebound which has lead to a steady decline all year.

Don't get me wrong, I'm not a troll looking to spew FUD around, I have some BTC myself, I just don't get it when people don't appear to acknowledge the decline.

If you look to each "crash and rebound" prior to November's massive bubble, you will see what mooncake is talking about. I'm going to steal a quote from adamsgt by saying "digital money is happening, and it's happening here" anyone that doesn't have at least some investment in it clearly cannot see the future possibilities of how this will change money forever.

[Cryptobro]

Well, hopefully you will come to realize that BTC is a decent investment before it is too late and  you will be chasing the train b/c you seem to be holding back from investing in BTC  because you seem to believe that the last 9 months are reflective or indicative of what is going to continue to happen with BTC prices in the next 9 months... ..

Anyhow if you do NOT get on board the BTC train, then that remains your choice.. and good luck to you... and hopefully you will have NO regrets with your currently pessimistic state regarding BTC   

You've misinterpreted what I said. I am on board... I have a small amount of BTC, I would have more but that would mean creeping into 'can't afford to lose' territory. I'm actually quietly confident we've reached the bottom, or are close to it.

With that said I still wouldn't proclaim it's been a good year for BTC.

Anyway, no big deal...moving on.

[TheOnly1]

Thats what I call a "Wall":

[Cryptobro]

What is the past? A couple of dips and strong rebounds over a period of several months. Price gets higher every time.

I honestly don't understand how you can say this...if it were true, then BTC would be at an ATH wouldn't it?

The truth as I see it, is that since the beginning of the year BTC has had a couple of dips and strong rebounds, however the price doesn't get higher on every rebound which has lead to a steady decline all year.

Don't get me wrong, I'm not a troll looking to spew FUD around, I have some BTC myself, I just don't get it when people don't appear to acknowledge the decline.

If you look to each "crash and rebound" prior to November's massive bubble, you will see what mooncake is talking about. I'm going to steal a quote from adamsgt by saying "digital money is happening, and it's happening here" anyone that doesn't have at least some investment in it clearly cannot see the future possibilities of how this will change money forever.

Actually maybe I've misread mooncake...if he was referring to the run up in November then all is good.
I read 'what is the past' and 'several months' and assumed he was talking about recent times. (relatively speaking)

all good.

[AirFlame]

I think it's a good time to buy because Alibaba event seems to be over and everyone is sending money back to BTC

[ChartBuddy]

Explanation

[DutchTrades]

Double bottom: CHECK

[spooderman]

getting premature in here. Think I'll join in

(come on though btc!)

[fonzie]

Bulltrap or reversal, that is the question?

Edit: At least a good bounce to 450-480$ seems very likely.

[simmo77]

So, it sounds as if through the passage of time you made some profits with your BTC, but frequently you cashed out early... Accordingly, frequently, you were NOT very well invested in BTC during various BTC price spikes.

So, currently, what is your approximate BTC holdings and what is your approximate price per BTC... including various administrative/transaction costs??

Absolutely. I just got out too early.

EDIT: just checked it was end of Oct 2012 and I actually got $11 AUD each for my coins.

I could have bought that snowboard with other funds, but I lost faith in Bitcoin and decided that I should just sell all of what I had and at least get something out of the exercise.
 
Then I forgot about Bitcoin (had a normal life you might say) until about halfway into the run up to the ~$250 peak - I started up mining using my own electricity and also sent some fiat to Gox around the time it went through $100 for the first time. So that's when I first started actually incurring any costs.

Of the coins I purchased from exchanges, my avg buy price is over $400 AUD. I have another, much fatter, wallet with coins from alt trading/mining, gambling winnings, etc that really only cost me my time. I also bought a BTC mining contract from CloudHashing that (with prices this low) has not returned on the initial investment.

[JayJuanGee]

Well, hopefully you will come to realize that BTC is a decent investment before it is too late and  you will be chasing the train b/c you seem to be holding back from investing in BTC  because you seem to believe that the last 9 months are reflective or indicative of what is going to continue to happen with BTC prices in the next 9 months... ..

Anyhow if you do NOT get on board the BTC train, then that remains your choice.. and good luck to you... and hopefully you will have NO regrets with your currently pessimistic state regarding BTC   

You've misinterpreted what I said. I am on board... I have a small amount of BTC, I would have more but that would mean creeping into 'can't afford to lose' territory. I'm actually quietly confident we've reached the bottom, or are close to it.

With that said I still wouldn't proclaim it's been a good year for BTC.

Anyway, no big deal...moving on.

Your response pretty much reinforces that what I said was a fair response to you.  I believe that you are likely too much focusing on this recent downward trend... as if that is the be all end all for bitcoin.  Surely, BTC prices have gone largely down since end of November beginning of December 2013, yet it seems to have been an otherwise very decent year for bitcoin in terms of spreading around the world and adoption, and infrastructure building and liquidity options and really governments seem to be somewhat less hostile than I had anticipated (I still expect that they are hostile, but less than what I had anticipated going into this year.

The concept of NOT investing more than you can lose has been discussed in various recent threads on this forum.. and surely it can be a bit of a misdirection if it causes people to invest less than what would be a good investment to financially profit when the price does seem inevitable to go up...

So, if you only bought a few BTC, you may NOT profit very well as compared to investing $10 or $20k... and surely each of us has to decide our investment allocations based on our calculations of our personal financial situation, our risk tolerances, our future earning capacity and our own calculations of the probabilities of BTC prices going up or down.


Personally, in the last 9 months, I have increased my BTC holdings considerably, which adds up to a pretty sizeable amount of my investment into BTC, but the total of my apportionment of my BTC holdings still remains at less than 10% of my total quasi-liquid investment assets... Yes I have considered investing higher than 10% into BTC ... but I have some logistical and timing issues.. and just I have concerns about effective and efficient ways to move money out of one investment vehicle into another while accounting for various transaction costs and also considering various tax implications.

Whether I misread your exact details or NOT, I stand my earlier comment regarding the impression that I received from your earlier post, yet ultimately, we need NOT share the same viewpoint or prediction of BTC prices in order to be able to bat around various investment ideas and even communicate our thoughts on what we consider sound ways to move forward in our allocation of resources into BTC directly or into BTC related ventures.

[edwardspitz]

Bulltrap or reversal, that is the question?

Edit: At least a good bounce to 450-480$ seems very likely.

I'm seeing a ghost pattern and wall movements. This could be a trap  

[Pala_00]

Bulltrap or reversal, that is the question?

Edit: At least a good bounce to 450-480$ seems very likely.

I'm seeing a ghost pattern and wall movements. This could be a trap  

[edwardspitz]

Bulltrap or reversal, that is the question?

Edit: At least a good bounce to 450-480$ seems very likely.

I'm seeing a ghost pattern and wall movements. This could be a trap  

idk, maybe we are all good + I worry too much  Good support @ 420 on Stamp. I just went away for a second though.