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

[LFC_Bitcoin]

If its a sinking ship, so be it.

It's the way it has to be.

I've invested about 5000 GBP.
I can afford to lose that money (not that I'd be happy about it).

The BTC I hoard will either make me a large sum of cash or flitter out into nothing.
I'm here for the long term 10-20 years.

Strong hands.

Strong hands.

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[octaft]

Well, the good news is that even if we sell at $275, that is above our entry point.  So the plan is sell only when totally necessary!    The question is more about what is deemed "necessary."  If we have to sell a substantial amount we could and will but we won't need to for several more months (could delay it even longer if we take advantage of more zero percent interest credit but that is a game that I really don't like playing too much.)  I think part of me feels like it is a game of who can wait the longest.  There are people trying to shake out the weak hands and I don't want to be the "weak hands" being shaken out!  Hodl on!  

Sometimes I wonder if some of you even account for the possibility that the huge runups might be over.

[wachtwoord]

Well, the good news is that even if we sell at $275, that is above our entry point.  So the plan is sell only when totally necessary!    The question is more about what is deemed "necessary."  If we have to sell a substantial amount we could and will but we won't need to for several more months (could delay it even longer if we take advantage of more zero percent interest credit but that is a game that I really don't like playing too much.)  I think part of me feels like it is a game of who can wait the longest.  There are people trying to shake out the weak hands and I don't want to be the "weak hands" being shaken out!  Hodl on!  

Sometimes I wonder if some of you even account for the possibility that the huge runups might be over.

Well the chance of that is not that high anyway. I won't be considering this a likely outcome for years to come.

[LFC_Bitcoin]

It's the way it has to be.

I've invested about 5000 GBP.
I can afford to lose that money (not that I'd be happy about it).

The BTC I hoard will either make me a large sum of cash or flitter out into nothing.
I'm here for the long term 10-20 years.

Thats what everyone says, but it will be interesting to see if you can afford to hold BTC, if you lose a job, when you buy a house, when you have kids, etc.

If a BTC hits $50k USD in 5 years can you still hold onto it?

If 1 BTC hits 50k I will sell 75% of my stash and be a very wealthy man.

[BitChick]

Well, the good news is that even if we sell at $275, that is above our entry point.  So the plan is sell only when totally necessary!    The question is more about what is deemed "necessary."  If we have to sell a substantial amount we could and will but we won't need to for several more months (could delay it even longer if we take advantage of more zero percent interest credit but that is a game that I really don't like playing too much.)  I think part of me feels like it is a game of who can wait the longest.  There are people trying to shake out the weak hands and I don't want to be the "weak hands" being shaken out!  Hodl on!  

Sometimes I wonder if some of you even account for the possibility that the huge runups might be over.

It is about risk vs. reward.  Sure, the "runups" might be over.  In fact, Bitcoin could go to zero.  

However, it could still be very early in it's growth and we could see $100,000 per coin or more.

The question then becomes is the risk worth the reward?  I believe it is a resounding YES!

In a way, we all have the chance to become venture capitalists in Bitcoin with any small amount we are willing and able to throw in.  Usually these kinds of investment opportunities are not available to the "little people" or people like me with very little money to throw in.  By the time we get the chance to invest in the best companies, the VC's have already made millions and moved on to the next investment. These VC's are the risk takers.  They throw money into companies that lose everything.  However, for the few that make it their reward is beyond what we can imagine because most of us do not get those kinds of opportunities.

So that is why we are willing to be "all in" with what we have.  For some of us, we had very little to begin with and if we end up back to where we started we can at least say we gave it a shot.  That is a much better feeling than seeing the price rise to $1000, $5000, $10,000, or even $100,000 someday and then crying, "Why didn't I invest when it was $350!  

[JayJuanGee]

I would seriously appreciate the bottom, need to take my life back. Please.

I hear ya.  Is it just me or has anyone else been delaying things until BTC decides to go up in price again?

It is a bit painful.  We are perhaps a little "overinvested" right now.  Sure, we can sell coins right now (not even at a loss of what we paid originally) but it is a horrible time to sell, so we wait, and wait and wait.    

In the mean time, we could really use a new couch, new carpet, have a zero percent credit card that we are just delaying paying because we don't really want to sell coins and then Christmas is just around the corner.  The kids really want a nice Christmas.  Hopefully we are at least back to $600 by then?  I can hope anyways.

I'm thinking Feb., March for up trend. Cannot see people investing much in btc with Christmas looming. The new year may see more lows with people cashing in btc to pay for the holidays. Who really knows?

If we recall last year there was a USA government shutdown, which caused an additional level of uncertainty and lack of confidence in fiat system.. which also may have underpinned the motivations for Chinese to buy, buy, buy.....   This year, we do NOT have that same level of problem with fiat, even though a lot of us question the soundness and stability of the whole fiat system(s).

Won't happen this time, the bubble I mean, but it happened last year exactly in front of Christmas. It isn't important.

[touhonoob]

Well, the good news is that even if we sell at $275, that is above our entry point.  So the plan is sell only when totally necessary!    The question is more about what is deemed "necessary."  If we have to sell a substantial amount we could and will but we won't need to for several more months (could delay it even longer if we take advantage of more zero percent interest credit but that is a game that I really don't like playing too much.)  I think part of me feels like it is a game of who can wait the longest.  There are people trying to shake out the weak hands and I don't want to be the "weak hands" being shaken out!  Hodl on!  

Sometimes I wonder if some of you even account for the possibility that the huge runups might be over.

It is about risk vs. reward.  Sure, the "runups" might be over.  In fact, Bitcoin could go to zero.  

However, it could still be very early in it's growth and we could see $100,000 per coin or more.

The question then becomes is the risk worth the reward?  I believe it is a resounding YES!

In a way, we all have the chance to become venture capitalists in Bitcoin with any small amount we are willing and able to throw in.  Usually these kinds of investment opportunities are not available to the "little people" or people like me with very little money to throw in.  By the time we get the chance to invest in the best companies, the VC's have already made millions and moved on to the next investment. These VC's are the risk takers.  They throw money into companies that lose everything.  However, for the few that make it their reward is beyond what we can imagine because most of us do not get those kinds of opportunities.

So that is why we are willing to be "all in" with what we have.  For some of us, we had very little to begin with and if we end up back to where we started we can at least say we gave it a shot.  That is a much better feeling than seeing the price rise to $1000, $5000, $10,000, or even $100,000 someday and then crying, "Why didn't I invest when it was $350!  

I think we are still in an early stage of Bitcoin development.
Most of people are skeptical about Bitcoin and don't want to waste their time to understand the technology behind Bitcoin.

[BitChick]

In a way, we all have the chance to become venture capitalists in Bitcoin with any small amount we are willing and able to throw in.  Usually these kinds of investment opportunities are not available to the "little people" or people like me with very little money to throw in.  By the time we get the chance to invest in the best companies, the VC's have already made millions and moved on to the next investment. These VC's are the risk takers.  They throw money into companies that lose everything.  However, for the few that make it their reward is beyond what we can imagine because most of us do not get those kinds of opportunities.

She gets it - BTC is the first truely public IPO in which we could see the actual price and be a part of.

Look at Facebook - the VC's ate it up instantly - the votality was not seen in the public we are still in the votality stage of BTC waiting to see if BTC hits a S Curve Adoption or dies a slow painful death.

And this is why some of us hoard and hodl and don't want to sell EVER and even are tempted to mortgage our houses for more coins!

But I guess we need to at least consider the "what if's."

Then I temper my Bitcoin addiction with the knowledge that even a small stash could be worth millions someday if BTC really succeeds like we think it might!  

[JayJuanGee]

I would seriously appreciate the bottom, need to take my life back. Please.

I hear ya.  Is it just me or has anyone else been delaying things until BTC decides to go up in price again?

It is a bit painful.  We are perhaps a little "overinvested" right now.  Sure, we can sell coins right now (not even at a loss of what we paid originally) but it is a horrible time to sell, so we wait, and wait and wait.    

In the mean time, we could really use a new couch, new carpet, have a zero percent credit card that we are just delaying paying because we don't really want to sell coins and then Christmas is just around the corner.  The kids really want a nice Christmas.  Hopefully we are at least back to $600 by then?  I can hope anyways.

Do you have a plan in case bitcoin goes below $275 and stays lower for several months or even 1-2 years?
This kind of thinking of delaying and being overinvested in bitcoin is going to lead to a massive panic dump like the good old times if we go below $275. Dunno if it will break, but be careful.

My plan is HODL and continue to buy, buy, buy.... and I hope this 1-2 years of continued bear-market scenario does NOT happen.  I will stop buying and maybe even sell if something significant changes with the fundamentals - on the contrary, it seems to me that BTC fundamentals remain pretty strong.

[octaft]

Well, the good news is that even if we sell at $275, that is above our entry point.  So the plan is sell only when totally necessary!    The question is more about what is deemed "necessary."  If we have to sell a substantial amount we could and will but we won't need to for several more months (could delay it even longer if we take advantage of more zero percent interest credit but that is a game that I really don't like playing too much.)  I think part of me feels like it is a game of who can wait the longest.  There are people trying to shake out the weak hands and I don't want to be the "weak hands" being shaken out!  Hodl on!  

Sometimes I wonder if some of you even account for the possibility that the huge runups might be over.

It is about risk vs. reward.  Sure, the "runups" might be over.  In fact, Bitcoin could go to zero.  

However, it could still be very early in it's growth and we could see $100,000 per coin or more.

The question then becomes is the risk worth the reward?  I believe it is a resounding YES!

In a way, we all have the chance to become venture capitalists in Bitcoin with any small amount we are willing and able to throw in.  Usually these kinds of investment opportunities are not available to the "little people" or people like me with very little money to throw in.  By the time we get the chance to invest in the best companies, the VC's have already made millions and moved on to the next investment. These VC's are the risk takers.  They throw money into companies that lose everything.  However, for the few that make it their reward is beyond what we can imagine because most of us do not get those kinds of opportunities.

So that is why we are willing to be "all in" with what we have.  For some of us, we had very little to begin with and if we end up back to where we started we can at least say we gave it a shot.  That is a much better feeling than seeing the price rise to $1000, $5000, $10,000, or even $100,000 someday and then crying, "Why didn't I invest when it was $350!  

When I say accounting for the possibility, I don't mean simply accepting that bitcoin could go to 0. I literally mean accounting: do you all have a financial plan so that you will be okay even if bitcoin does go to 0. Racking up huge amounts of debt that you won't be able to pay off if everything goes to hell is not really a great plan.

[BitChick]

I would seriously appreciate the bottom, need to take my life back. Please.

I hear ya.  Is it just me or has anyone else been delaying things until BTC decides to go up in price again?

It is a bit painful.  We are perhaps a little "overinvested" right now.  Sure, we can sell coins right now (not even at a loss of what we paid originally) but it is a horrible time to sell, so we wait, and wait and wait.    

In the mean time, we could really use a new couch, new carpet, have a zero percent credit card that we are just delaying paying because we don't really want to sell coins and then Christmas is just around the corner.  The kids really want a nice Christmas.  Hopefully we are at least back to $600 by then?  I can hope anyways.

Do you have a plan in case bitcoin goes below $275 and stays lower for several months or even 1-2 years?
This kind of thinking of delaying and being overinvested in bitcoin is going to lead to a massive panic dump like the good old times if we go below $275. Dunno if it will break, but be careful.

My plan is HODL and continue to buy, buy, buy.... and I hope this 1-2 years of continued bear-market scenario does NOT happen.  I will stop buying and maybe even sell if something significant changes with the fundamentals - on the contrary, it seems to me that BTC fundamentals remain pretty strong.

I figure the worst case scenario would be the price stagnates until the halving in 2016.  Really, who can say that the price won't increase at that point?  I would think it has to.

2016 isn't that long.  Many investments require years of patience.  

[octaft]

I figure the worst case scenario would be the price stagnates until the halving in 2016.

You had the worst case scenario right the first time:

Bitcoin could go to zero.   

[LFC_Bitcoin]

We have to have patience.

When does big money ever come easily?

I'm 28, if BTC explodes when I'm 55-60 then I will have a great retirement.

I don't expect to become rich from BTC soon, it just won't happen.

If people can't stand the wait then get out & sell.

I'll buy your coins.

[BitChick]

Well, the good news is that even if we sell at $275, that is above our entry point.  So the plan is sell only when totally necessary!    The question is more about what is deemed "necessary."  If we have to sell a substantial amount we could and will but we won't need to for several more months (could delay it even longer if we take advantage of more zero percent interest credit but that is a game that I really don't like playing too much.)  I think part of me feels like it is a game of who can wait the longest.  There are people trying to shake out the weak hands and I don't want to be the "weak hands" being shaken out!  Hodl on!  

Sometimes I wonder if some of you even account for the possibility that the huge runups might be over.

It is about risk vs. reward.  Sure, the "runups" might be over.  In fact, Bitcoin could go to zero.  

However, it could still be very early in it's growth and we could see $100,000 per coin or more.

The question then becomes is the risk worth the reward?  I believe it is a resounding YES!

In a way, we all have the chance to become venture capitalists in Bitcoin with any small amount we are willing and able to throw in.  Usually these kinds of investment opportunities are not available to the "little people" or people like me with very little money to throw in.  By the time we get the chance to invest in the best companies, the VC's have already made millions and moved on to the next investment. These VC's are the risk takers.  They throw money into companies that lose everything.  However, for the few that make it their reward is beyond what we can imagine because most of us do not get those kinds of opportunities.

So that is why we are willing to be "all in" with what we have.  For some of us, we had very little to begin with and if we end up back to where we started we can at least say we gave it a shot.  That is a much better feeling than seeing the price rise to $1000, $5000, $10,000, or even $100,000 someday and then crying, "Why didn't I invest when it was $350!  

When I say accounting for the possibility, I don't mean simply accepting that bitcoin could go to 0. I literally mean accounting: do you all have a financial plan so that you will be okay even if bitcoin does go to 0. Racking up huge amounts of debt that you won't be able to pay off if everything goes to hell is not really a great plan.

We will get a good little tax return next year that will pay most of the credit cards off.

The question is more about wants than needs I think.  New carpet, new couch, a larger college fund for kids, better vacations,etc.  But delayed gratification never really hurt anyone.  As for college, I know many kids take out loans.  We just want our kids not to have to deal with any college loans at all.

We are not going to lose the house or anything if that is what you are worried about.

[NotLambchop]

In a way, we all have the chance to become venture capitalists in Bitcoin with any small amount we are willing and able to throw in.  Usually these kinds of investment opportunities are not available to the "little people" or people like me with very little money to throw in.  By the time we get the chance to invest in the best companies, the VC's have already made millions and moved on to the next investment. These VC's are the risk takers.  They throw money into companies that lose everything.  However, for the few that make it their reward is beyond what we can imagine because most of us do not get those kinds of opportunities.

She gets it - BTC is the first truely public IPO in which we could see the actual price and be a part of.
...

The government tries to protect investment aficionados such as yourself from losing all of your money, as is already the case for many in this thread.
Not because it cares about you, but because it doesn't want to support you when you come begging for assistance after your money's gone.

[octaft]

We will get a good little tax return next year that will pay most of the credit cards off.

The question is more about wants than needs I think.  New carpet, new couch, a larger college fund for kids, better vacations,etc.  But delayed gratification never really hurt anyone.  As for college, I know many kids take out loans.  We just want our kids not to have to deal with any college loans at all.

We are not going to lose the house or anything if that is what you are worried about.

While you were the inspiration for my curiosity, it was more of a general question. I think there will be more than a few people who would be financially obliterated if bitcoin were to take an enormous hit, and that should be unacceptable for them, for their own sake.

[BitChick]

In a way, we all have the chance to become venture capitalists in Bitcoin with any small amount we are willing and able to throw in.  Usually these kinds of investment opportunities are not available to the "little people" or people like me with very little money to throw in.  By the time we get the chance to invest in the best companies, the VC's have already made millions and moved on to the next investment. These VC's are the risk takers.  They throw money into companies that lose everything.  However, for the few that make it their reward is beyond what we can imagine because most of us do not get those kinds of opportunities.

She gets it - BTC is the first truely public IPO in which we could see the actual price and be a part of.
...

The government tries to protect investment aficionados such as yourself from losing all of your money, as is already the case for many in this thread.
Not because it cares about you, but because it doesn't want to support you when you come begging for assistance after your money's gone.

Thank you government for "protecting us" from great investment opportunities and only letting the ultra rich, that already have plenty of money, take risks so that they can make even more money.  I really appreciate that!

But it is legal for the poor to go to Vegas or buy lottery tickets and gamble it all away.  

Some of us are aware of the risks.  We are taking some "risks" but that is part of the freedoms we have a right to as Americans I would like to think.

[NotLambchop]

The government tries to protect investment aficionados such as yourself from losing all of your money, as is already the case for many in this thread.
Not because it cares about you, but because it doesn't want to support you when you come begging for assistance after your money's gone.

 

I think I will be fine.

Yeah, because government safety net.  You'll be fine because I pay taxes.

[BitChick]

We will get a good little tax return next year that will pay most of the credit cards off.

The question is more about wants than needs I think.  New carpet, new couch, a larger college fund for kids, better vacations,etc.  But delayed gratification never really hurt anyone.  As for college, I know many kids take out loans.  We just want our kids not to have to deal with any college loans at all.

We are not going to lose the house or anything if that is what you are worried about.

While you were the inspiration for my curiosity, it was more of a general question. I think there will be more than a few people who would be financially obliterated if bitcoin were to take an enormous hit, and that should be unacceptable for them, for their own sake.

True.  The rules of Bitcoin should be:

1) Only invest what you can afford to lose all of.
2) Invest as much as you possibly can knowing this.
3) Have a plan for taking advantage of the "bubbles" if and when they come, and do so with as little emotion as possible.

[redsn0w]

We will get a good little tax return next year that will pay most of the credit cards off.

The question is more about wants than needs I think.  New carpet, new couch, a larger college fund for kids, better vacations,etc.  But delayed gratification never really hurt anyone.  As for college, I know many kids take out loans.  We just want our kids not to have to deal with any college loans at all.

We are not going to lose the house or anything if that is what you are worried about.

While you were the inspiration for my curiosity, it was more of a general question. I think there will be more than a few people who would be financially obliterated if bitcoin were to take an enormous hit, and that should be unacceptable for them, for their own sake.

True.  The rules of Bitcoin *(all investment) should be:

1) Only invest what you can afford to lose all of.
2) Invest as much as you possibly can knowing this.
3) Have a plan for taking advantage of the "bubbles" if and when they come, and do so with as little emotion as possible.

A little correction .