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

[fonsie]

Ignoring people because they have different opinions than yours is the reason you holders are losing money every day, while people like me who are able to consider other peoples points of view cut their losses long ago.

I'll be listening for the butthurt to ratchet up a notch once we get sub 300. Shouldn't be long now. This train is off the rails.

It's impossible to lose money if you don't sell.

They already cut there losses, thats why they are so defencive. If you keep going at it, you can push every single one of them into a corner and they all squeal like a pig, admitting defeat and confessing that they lost money. Now they are just hoping to buy back lower.

That won't be difficult

Well for NotLambchop it needs to drop to 203$, better wish him good luck.

at this rate, we'll be there in a couple of weeks

We will see, but don't get your hopes up. Either way, I'm up for it.

[ChartBuddy]

Explanation

[octaft]

Bitcoin is great and all, but my biggest mistake is finding this thread.
All that endless yapping from the trolls with some sort of Messiah complex, trying to save us poor souls. Some of them even having a "Academic" complex.

Yawn.

Personally, I appreciate Jorge's analysis, and encourage him to continue it. If you don't like it, put him on ignore and leave it at that.

Not a big fan of the "Ignore" button, I like to read the good and the bad, and comment as I wish!

I'd say you seem easily baited and would do well with the ignore button, but hey, it's your sanity, not mine, and that's just, like, my opinion, man. The more important part for me is pointing out that you can't throw Jorge in with the DOOMnoDOOMDOOMotherDOOMDOOMcontentDOOMDOOMDOOM trolls.

Oh, he could be trolling, setting the forum up for "DICKS EVERYWHERE" or whatever in about 6 months, for sure, just like anyone on here could. But if he is, he is certainly putting in a lot more effort than I've ever seen a troll put in, anywhere. Those 4 paragraph analyses don't grow on trees, and anyone who is setting up a forum for years usually goes with the status quo before striking so as not to arouse suspicion (so he would be a bull). Which means even if he is ultimately a troll, I would doubt it's a long-con setup scenario.

[BitAddict]

Ignoring people because they have different opinions than yours is the reason you holders are losing money every day, while people like me who are able to consider other peoples points of view cut their losses long ago.

I'll be listening for the butthurt to ratchet up a notch once we get sub 300. Shouldn't be long now. This train is off the rails.

It's impossible to lose money if you don't sell.

That argument is usually used by gamblers. Even if you don't sell, what matters is how much that bitcoins are worth now compared when you bought. So if you bought higher you are losing money. The past is over and you don't know what will happen in the future, the only thing that counts is the present.

Technically not selling is the same than buying (ignoring fees, etc). So if you invested $1,000 and it is now worth $500 and you decide to keep invested, would be the same than if you have $500, no bitcoins, and you decide to buy.
That's all.

[BlindMayorBitcorn]

Ignoring people because they have different opinions than yours is the reason you holders are losing money every day, while people like me who are able to consider other peoples points of view cut their losses long ago.

I'll be listening for the butthurt to ratchet up a notch once we get sub 300. Shouldn't be long now. This train is off the rails.

It's impossible to lose money if you don't sell.

That argument is usually used by gamblers. Even if you don't sell, what matters is how much that bitcoins are worth now compared when you bought. So if you bought higher you are losing money. The past is over and you don't know what will happen in the future, the only thing that counts is the present.

Yes. It's called unrealized loss.

[janos666]

Ignoring people because they have different opinions than yours is the reason you holders are losing money every day, while people like me who are able to consider other peoples points of view cut their losses long ago.

I'll be listening for the butthurt to ratchet up a notch once we get sub 300. Shouldn't be long now. This train is off the rails.

It's impossible to lose money if you don't sell.

That argument is usually used by gamblers. Even if you don't sell, what matters is how much that bitcoins are worth now compared when you bought. So if you bought higher you are losing money. The past is over and you don't know what will happen in the future, the only thing that counts is the present.

Yes. It's called unrealized loss.

And let's not forget that 1 BTC will always worth 1 BTC

[fonsie]

I'd say you seem easily baited and would do well with the ignore button, but hey, it's your sanity, not mine, and that's just, like, my opinion, man.

You really need to lighten up   You are in the "Troll Observer" thread here. You'll need to learn to take everything with a pich of salt. Otherwise it's going to be you ending up in the nutt house.  

[macsga]

I'd say you seem easily baited and would do well with the ignore button, but hey, it's your sanity, not mine, and that's just, like, my opinion, man.

You really need to lighten up   You are in the "Troll Observer" thread here. You'll need to learn to take everything with a pich of salt. Otherwise it's going to be you ending up in the nutt house.  

Nah. This is totally wrong... It's called:

Code:

__          __     _      _             ____  ______       _______ _____   ____  _      _      
\ \        / /\   | |    | |           / __ \|  ____|     |__   __|  __ \ / __ \| |    | |     
 \ \  /\  / /  \  | |    | |          | |  | | |__           | |  | |__) | |  | | |    | |     
  \ \/  \/ / /\ \ | |    | |          | |  | |  __|          | |  |  _  /| |  | | |    | |     
   \  /\  / ____ \| |____| |____      | |__| | |             | |  | | \ \| |__| | |____| |____ 
    \/  \/_/    \_\______|______|      \____/|_|             |_|  |_|  \_\\____/|______|______|

[ChartBuddy]

Explanation

[relm9]

Gut feeling is that there's going to be a big movement upward in the next few days. I don't expect it to drop much lower from these levels.

[mmitech]

Ignoring people because they have different opinions than yours is the reason you holders are losing money every day, while people like me who are able to consider other peoples points of view cut their losses long ago.

I'll be listening for the butthurt to ratchet up a notch once we get sub 300. Shouldn't be long now. This train is off the rails.

It's impossible to lose money if you don't sell.

watching your posts lately really hurt my eyes, the level of writing doesn't really reflect posts from a PHD holder (as you claim).... especially a computer science one, when the most thing that profession relay on is the things that you seem to be missing (math+logic).

[solex]

Gut feeling is that there's going to be a big movement upward in the next few days. I don't expect it to drop much lower from these levels.

I agree with you, except also, that I was thinking the same thing when it was bumping along at $385

[BitChick]

Gut feeling is that there's going to be a big movement upward in the next few days. I don't expect it to drop much lower from these levels.

I agree with you, except also, that I was thinking the same thing when it was bumping along at $385

I think this is true, at least I hope so.  My husband was threatening to sell some again. He always does that when it is low though.  I think one of his "super-powers" is an uncanny desire to buy high and sell low!     Of course, the only reason we are well into the green is that we have managed to hold long enough.  Hopefully he has just a little more patience before he gives up this time.  Once the price rebounds he will decide to buy and not sell any again.    

[BitAddict]

Gut feeling is that there's going to be a big movement upward in the next few days. I don't expect it to drop much lower from these levels.

I agree with you, except also, that I was thinking the same thing when it was bumping along at $390

Even if a small pump happens, then what? Miners, merchants and bitcoiners giving up (or cashing out at their breakeven point) will lead to more slow bleeding until market sentiment changes. And sentiments don't change from one day to another, it needs time for consolidation which we still didn't have (or a miracle).

[shmadz]

Gut feeling is that there's going to be a big movement upward in the next few days. I don't expect it to drop much lower from these levels.

I agree with you, except also, that I was thinking the same thing when it was bumping along at $385

My gut is starting to feel uneasy. Bumpy roads indeed.

[JorgeStolfi]

IG Launched Flexible Bitcoin Trading
http://www.ig.com/au/bitcoin-btc

That is not bitcoin trading, in fact it does not use bitcoin at all.  It seems to be just a glorified gambling site, where one can bet on bitcoin price swings using ordinary money.

[coins101]

Gut feeling is that there's going to be a big movement upward in the next few days. I don't expect it to drop much lower from these levels.

I agree with you, except also, that I was thinking the same thing when it was bumping along at $390

Even if a small pump happens, then what? Miners, merchants and bitcoiners giving up (or cashing out at their breakeven point) will lead to more slow bleeding until market sentiment changes. And sentiments don't change from one day to another, it needs time for consolidation which we still didn't have (or a miracle).

...and yet difficulty is up and the number of transactions is at its highest.

[DeadCoin]

Ignoring people because they have different opinions than yours is the reason you holders are losing money every day, while people like me who are able to consider other peoples points of view cut their losses long ago.

I'll be listening for the butthurt to ratchet up a notch once we get sub 300. Shouldn't be long now. This train is off the rails.

It's impossible to lose money if you don't sell.

watching your posts lately really hurt my eyes, the level of writing doesn't really reflect posts from a PHD holder (as you claim).... especially a computer science one, when the most thing that profession relay on is the things that you seem to be missing (math+logic).

lol, are you Slovenian? Your English is pretty bad considering most of the Slovenians speak English fluently.

[inca]

...and yet difficulty is up and the number of transactions is at its highest.

Yes curious divergence isn't it. Something has to give

[BitAddict]

Gut feeling is that there's going to be a big movement upward in the next few days. I don't expect it to drop much lower from these levels.

I agree with you, except also, that I was thinking the same thing when it was bumping along at $390

Even if a small pump happens, then what? Miners, merchants and bitcoiners giving up (or cashing out at their breakeven point) will lead to more slow bleeding until market sentiment changes. And sentiments don't change from one day to another, it needs time for consolidation which we still didn't have (or a miracle).

...and yet difficulty is up and the number of transactions is at its highest.

Higher difficulty means less profit for miners, so they need to dump more percentage of their daily mining income to pay bills.... That's something bad for bitcoin price (and only good for security).

Highers transactions means more users, but if they are not willing to buy then it doesn't mean price will go up. People like to invest when price is going up, and when they look last year chart they get scared as fuck. This users will probably buy, but they will feel the real urge to buy when bitcoin is 2x or 3x over ATH because bitcoin will be "cool again" and they won't want to "miss the train".
And I'm also convinced it is growing faster because people are sending more bitcoins to exchanges and expending them, adding more selling pressure.

I think bitcoin will have a shiny future, but it will need time to develop, maybe 6, 12 or 18 months. It is not magically goin to rally like lot of people think here.