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

[NotLambchop]

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Now how about you?  Care to share your boss tradin' strategy?

I won't hold my breath!

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[inca]

Porkchop:
You know my strategy as I have also written it down here many times. I am accumulating a position gradually, started in around march 2013 and I add on weakness. Very occasionally I may trade if  i see the price go to panic extremes.

So your current trading strategy is not to trade. That only begs one remaining question, are you holding btc or not?

[inca]

Drawing some lines on charts I can see us sitting here until december the 11th before breaking up or down out of a massive wedge. Of course the US marshalls auction will likely decide the direction of breakout.

[Newbie1022]

Drawing some lines on charts I can see us sitting here until december the 11th before breaking up or down out of a massive wedge. Of course the US marshalls auction will likely decide the direction of breakout.

Oh hell, I'm a bear and I even think it will break up out of the wedge higher barring something absurd.

[NotLambchop]

^So, other than cleverly mangling my nick, you're not sharing any numbers?  How long has this buying been goin' on?  Did you buy above $600?

And of course I hold some Bitcoin--said that many times.  I still don't own any BTCeanie BTCbabies tho, but I plan to get some & join beanietalk.org to discuss world finance domination with those mental giants

Have you considered diversifying your portfolio BTW?  We can pal around on beanietalk.org.

[ChartBuddy]

Explanation

[janos666]

As the ema's cross the price dumps Such a natural market ha.

Well, Bitcoin is often marketed as something which "obeys the strict rule of math". Moving averages are basic math. Isn't it only natural then if the Bitcoin market is also moved by math...?

[inca]

As the ema's cross the price dumps Such a natural market ha.

Well, Bitcoin is often marketed as something which "obeys the strict rule of math". Moving averages are basic math. Isn't it only natural then if the Bitcoin market is also moved by math...?

You mean trading bots following the law of math

[janos666]

As the ema's cross the price dumps Such a natural market ha.

Well, Bitcoin is often marketed as something which "obeys the strict rule of math". Moving averages are basic math. Isn't it only natural then if the Bitcoin market is also moved by math...?

You mean trading bots following the law of math

Is it the the hardware which follows the command of the software of the other way around? This question can also be applied to our "hardware", the human body. And the right chemicals applied to your body can change your mind. So...

[wpalczynski]

finally gave in and ignored some of the dumbest trolls, stolfi, lambchop etc.

Stolfi isnt really a troll.  He just happens to have a bearish outlook on BTc.  Most of his arguments are thought out and well articulated.  Now this Bronie on the other hand, man is it ever a troll.

[inca]

Numbers eh? I am sure we have been through this before My portfolio is well diversified as it is thanks. I have gems such as tesco in there dragging down its annual performance :p

I made an ill informed purchase of a few coins at 680. I have bought repeatedly in the 3xx range. I made a large (for me) purchase at about 300 which i partially sold back to cash at around this price.  I tend to trickle a few coins every week or two in depending how much disposable I have left (although the OH has started asking 'how much of this bitcoin do you need to buy?' lol). As long as I buy my share allocation each month and pay the mortgage/bills the excess goes into bitcoin unless the price is very high. For me it is the most exciting part of my portfolio by a mile. If it disappears in a puff of smoke I will be sad as I was rather hoping to buy a small yacht next year.

[inca]

Any maths guys have any experience of doing roc curves?

[NotLambchop]

...I have gems such as tesco in there dragging down its annual performance :p...

Misread that as Teisco.  Have a friend who is a Teisco fiend.

[JayJuanGee]

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Nope.  It did NOT feel that bad, and part of the reason is because of the quantity being invested was NOT very high. ...

You must, at the very least, feel real stupid, no?
Or does this "investment" just blend into the background of your other fails?

I have already explained that I do NOT stupid.  Further I have successes and failures in life like a lot of people, and I have a fairly diversified financial portfolio that contains a variety of assets, and bitcoin remains the portion of my investment portfolio that hedges against the dollar (at least in my current thinking about my investment portfolio). 

I am of the sense that I engaged in a solid and viable investment strategy based on my own particulars including my timeline and my viewpoints.  Why don't you describe your investment strategy on an ongoing basis, rather than merely coming here and attempting to denigrate others and attempting to denigrate bitcoin while contributing nearly zero value.

[JayJuanGee]

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Probably doesn't feel as stupid as someone like me that sold hundreds in the 5-10 range.

 

I sold plenty of coin below today's price.  Feel like a boss--I made money.  Our friend, the intrepid investor, lost it.  Though technically, the money wasn't lost--it simply went to those who happened to be smarter than JayJuanGee.
In his case, @$1200, that meant "everyone."

You gotta work on your reading skills NOT Not pork.  Yes I believe I bought 1.24 BTC at $1,200.  So the fuck what.

[BlindMayorBitcorn]

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Probably doesn't feel as stupid as someone like me that sold hundreds in the 5-10 range.

 

I sold plenty of coin below today's price.  Feel like a boss--I made money.  Our friend, the intrepid investor, lost it.  Though technically, the money wasn't lost--it simply went to those who happened to be smarter than JayJuanGee.
In his case, @$1200, that meant "everyone."

You gotta work on your reading skills NOT Not pork.  Yes I believe I bought 1.24 BTC at $1,200.  So the fuck what.

Took one for the team. Good on you, bro!

[Newbie1022]

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Probably doesn't feel as stupid as someone like me that sold hundreds in the 5-10 range.

 

I sold plenty of coin below today's price.  Feel like a boss--I made money.  Our friend, the intrepid investor, lost it.  Though technically, the money wasn't lost--it simply went to those who happened to be smarter than JayJuanGee.
In his case, @$1200, that meant "everyone."

You gotta work on your reading skills NOT Not pork.  Yes I believe I bought 1.24 BTC at $1,200.  So the fuck what.

It's universally agreed that you are the lowest IQ of the bunch. Give it up.

[JayJuanGee]

Buying all the way down from $1200 must have felt bloody horrible. Like silver stackers who started at $50 an ounce. So many cheap coins!

Nope.  It did NOT feel that bad, and part of the reason is because of the quantity being invested was NOT very high.  Surely, there were a few moments that i was a little concerned about the value of my overall BTC portfolio, but overall, I did NOT feel badly or have trepidations or second thoughts.. again probably because I had allocated the quantities of my investment towards bitcoin, and I considered dollar cost averaging to be the best of the available options.. especially in order to continue to accumulate coins in the event that the market prices would begin to reverse.

But you said earlier that you had a lot invested in BTC. Also, you've been buying since $1200 and haven't caught the hint, yet. You must be in way over your head by this point.

Yes, too many details for little minds like yours to keep track, yet enough details for little minds like yours to grasp onto some irrelevant details in order to attempt silly-ass and distracting holes.  I also said that I have less than 10% of my total quasi-liquid investments in BTC... and that I had doubled down around $600... Accordingly, a lot is relative and a lot is doubling down at $600 which had caused more difficulties to bring down the average price per BTC while BTC prices had continued to fall from $600 but have been largely stuck in the $340 to $420 range for a couple of months.

[Newbie1022]

Buying all the way down from $1200 must have felt bloody horrible. Like silver stackers who started at $50 an ounce. So many cheap coins!

Nope.  It did NOT feel that bad, and part of the reason is because of the quantity being invested was NOT very high.  Surely, there were a few moments that i was a little concerned about the value of my overall BTC portfolio, but overall, I did NOT feel badly or have trepidations or second thoughts.. again probably because I had allocated the quantities of my investment towards bitcoin, and I considered dollar cost averaging to be the best of the available options.. especially in order to continue to accumulate coins in the event that the market prices would begin to reverse.

But you said earlier that you had a lot invested in BTC. Also, you've been buying since $1200 and haven't caught the hint, yet. You must be in way over your head by this point.

Yes, too many details for little minds like yours to keep track, yet enough details for little minds like yours to grasp onto some irrelevant details in order to attempt silly-ass and distracting holes.  I also said that I have less than 10% of my total quasi-liquid investments in BTC... and that I had doubled down around $600... Accordingly, a lot is relative and a lot is doubling down at $600 which had caused more difficulties to bring down the average price per BTC while BTC prices had continued to fall from $600 but have been largely stuck in the $340 to $420 range for a couple of months.

Yea, but what sort of s---coin do you have the other 90% in? Is that other 90% still 90% or is it now 10%     http://www.youtube.com/watch?v=ZIcnBccjgMw

I mean, you do realize that you are telling us that you not only bought at the absolute high, but also the proximate high. =S

[BlindMayorBitcorn]

Buying all the way down from $1200 must have felt bloody horrible. Like silver stackers who started at $50 an ounce. So many cheap coins!

Nope.  It did NOT feel that bad, and part of the reason is because of the quantity being invested was NOT very high.  Surely, there were a few moments that i was a little concerned about the value of my overall BTC portfolio, but overall, I did NOT feel badly or have trepidations or second thoughts.. again probably because I had allocated the quantities of my investment towards bitcoin, and I considered dollar cost averaging to be the best of the available options.. especially in order to continue to accumulate coins in the event that the market prices would begin to reverse.

But you said earlier that you had a lot invested in BTC. Also, you've been buying since $1200 and haven't caught the hint, yet. You must be in way over your head by this point.

Yes, too many details for little minds like yours to keep track, yet enough details for little minds like yours to grasp onto some irrelevant details in order to attempt silly-ass and distracting holes.  I also said that I have less than 10% of my total quasi-liquid investments in BTC... and that I had doubled down around $600... Accordingly, a lot is relative and a lot is doubling down at $600 which had caused more difficulties to bring down the average price per BTC while BTC prices had continued to fall from $600 but have been largely stuck in the $340 to $420 range for a couple of months.

Do you plan to double down again if we hit $150? And $75? Serious question