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

[adamstgBit]

I don't understand why holders are selling their btc



People that hold btc are doing so because they believe that it will be used worldwide by pretty much everybody, right? (="going to the moon")

This means that each btc will be worth thousands (or millions) of dollars, according to this thery.

In this view, btc are underpriced now... so why sell?

The only possible answer would be that they don't really believe in this technology, I guess

that and or they think they can buy back lower.

which might be true.. i don't think they will be able to... but they can sure as hell try.

who knows!

[adamstgBit]

all i know is bitcoin isn't going to get bailed out... but that doesn't mean it will die off, quite the opposite.

[abercrombie]

I don't understand why holders are selling their btc

People that hold btc are doing so because they believe that it will be used worldwide by pretty much everybody, right? (="going to the moon")

This means that each btc will be worth thousands (or millions) of dollars, according to this thery.

In this view, btc are underpriced now... so why sell?

The only possible answer would be that they don't really believe in this technology, I guess

I got in this Spring around $455.  Was proud of my paper wallets watching BTC rise to $680.  Sold last month above my buy-in.  

As a trader, never let a winner turn into a loser.  Lastly, don't fall in love with a stock (or Coin).  

I do believe in Bitcoin long term, and do think we'll see 1,000's but short term, it's a falling knife.

[yefi]

[JayJuanGee]

Holy shit,check the Satoshi wallets!  

uh oh  

The CEO is selling off his Bitcoins?

Is Crypto done??  

Link or it didn't happen...

[adaseb]

It will probably stay at $200-400 for the next 2-3 years until the block rewards stop

Too much money is given away to miners. Even now at the low price of $400, they get about $1.5 million a day.

[InvestorPerson]

ah all that talk about manipulation

bitcoin is still overpriced right now, we are still in a correction after last winter

[fonzie]

ah all that talk about manipulation

bitcoin is still overpriced right now, we are still in a correction after last winter

Ok thanks, i almost bought some. Could you tell us when the price is right?

[InvestorPerson]

ah all that talk about manipulation

bitcoin is still overpriced right now, we are still in a correction after last winter

Ok thanks, i almost bought some. Could you tell us when the price is right?

150-200 seems ok

[adamstgBit]

ah all that talk about manipulation

bitcoin is still overpriced right now, we are still in a correction after last winter

Ok thanks, i almost bought some. Could you tell us when the price is right?

seriously i want to know!

[adamstgBit]

ah all that talk about manipulation

bitcoin is still overpriced right now, we are still in a correction after last winter

Ok thanks, i almost bought some. Could you tell us when the price is right?

150-200 seems ok

bids at 200.1

fuck it 202

ahhh wtv 230

[yokosan]

Finally some bad news. Russia banning bitcoin. Prepare to reach new highs.

[Schickeria]

ah all that talk about manipulation

bitcoin is still overpriced right now, we are still in a correction after last winter

Ok thanks, i almost bought some. Could you tell us when the price is right?

150-200 seems ok

bids at 200.1

fuck it 202

ahhh wtv 230

I don't think it will go below 300 on this swing.

[degold]

ah all that talk about manipulation

bitcoin is still overpriced right now, we are still in a correction after last winter

Ok thanks, i almost bought some. Could you tell us when the price is right?

150-200 seems ok

Lol, are you serious, 150-200 is very less.
How miner will recover their cost.

[NotLambchop]

ah all that talk about manipulation

bitcoin is still overpriced right now, we are still in a correction after last winter

Ok thanks, i almost bought some. Could you tell us when the price is right?

150-200 seems ok

Lol, are you serious, 150-200 is very less.
How miner will recover their cost.

They won't.

[fonzie]

KICK IT

[adamstgBit]

360 is done.

[JayJuanGee]

NJCarlos:   What's your average buy price per BTC including transaction fees?   Are you in the red or in the black?

I'm actually playing with gains at this point. My initial investment is currently on the sidelines in fiat. If I wait until $350 and put my initial investment back in, I imagine my average cost per coin would be around $150 or 200, since I have been buying small quantities at specific intervals since $420-430. All in all, I'm not in a bad position, and since I'm playing with gains (no disrespect to anyone that's in the red), I'm inclined to hold and not attempt to time the bottom. Instead, I'll try to time the bottom with additional fiat. That's my gut feeling atm, at least.

It sounds like you have a decent plan - i was just a bit confused by the tone of one of your earlier posts, which caused me to believe that you may have been in the red.... Much better to be in the black than in the red, especially when BTC is experiencing nearly a 70% retracement from its ATH, which could become even greater, and you seem to be pretty well situated, even if the retracement is greater.   

[adamstgBit]

we're probably going to start falling faster and faster now.

its a bear bubble.

[Oblodo]

DEFINITION of 'Arbitrage'

The simultaneous purchase and sale of an asset in order to profit from a difference in the price. It is a trade that profits by exploiting price differences of identical or similar financial instruments, on different markets or in different forms. Arbitrage exists as a result of market inefficiencies; it provides a mechanism to ensure prices do not deviate substantially from fair value for long periods of time.

Buy at BTC-e and sell over at Huobi.. $20 difference now...

This is just another hurdle.. RIGHT? Right... oh, I am still mining, and buying. So I must be a bit retarded...or maybe just not shortsighted?