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

[NotLambchop]

"Dollar averaging" is not a rational thing to do, it is only a psychological pacifier, right?

If one bought 100 coins at 800$, buying 100 more at 400$ does not compensate or alleviate the loss of the first buy.  It only mixes a vexing mistake with a minor mistake to make a double dose of a medium-strength mistake.  The loss from the first buy is still there.  Right?

Wrong.

If you bought 100 coins at $800, you should buy 200 coins at $400.

And if it drops further to $200, you should buy an additional 400 coins.

Duh. 

This!

That is why when you start buying BTC for the first time you start with only 10% of your funds dedicated to buying BTC.

Another glimpse of the Bitcoiner mentality

[ChuckBuck]

"Dollar averaging" is not a rational thing to do, it is only a psychological pacifier, right?

If one bought 100 coins at 800$, buying 100 more at 400$ does not compensate or alleviate the loss of the first buy.  It only mixes a vexing mistake with a minor mistake to make a double dose of a medium-strength mistake.  The loss from the first buy is still there.  Right?

Wrong.

If you bought 100 coins at $800, you should buy 200 coins at $400.

And if it drops further to $200, you should buy an additional 400 coins.

Duh. 

This!

That is why when you start buying BTC for the first time you start with only 10% of your funds dedicated to buying BTC.

Another glimpse of the Bitcoiner mentality

Just out of curiousity, what is your specific mentality when it comes to Bitcoin?

Or are you sold out of all your positions already?

[hdbuck]

[billyjoeallen]

"Dollar averaging" is not a rational thing to do, it is only a psychological pacifier, right?

If one bought 100 coins at 800$, buying 100 more at 400$ does not compensate or alleviate the loss of the first buy.  It only mixes a vexing mistake with a minor mistake to make a double dose of a medium-strength mistake.  The loss from the first buy is still there.  Right?

Quite true. The number of coins one owns is irrelevant. It's the Return on Investment that matters, and the only way to be sure of that is to wait until someone else finds the bottom and jump in after the market has clearly turned bullish.

I'm starting to wonder if the Bearwhale will get the last laugh.

[LFC_Bitcoin]

The fiat & BTC poor trolls are out in force today.
They must be terrified incase the price rises after this auction.

It's so bitter I can almost taste the lemon.

[macsga]

The fiat & BTC poor trolls are out in force today.
They must be terrified incase the price rises after this auction.

It's so bitter I can almost taste the lemon.

CCMF soon. 850 BTC wall buy on Finex.

[noobtrader]

"Dollar averaging" is not a rational thing to do, it is only a psychological pacifier, right?

If one bought 100 coins at 800$, buying 100 more at 400$ does not compensate or alleviate the loss of the first buy.  It only mixes a vexing mistake with a minor mistake to make a double dose of a medium-strength mistake.  The loss from the first buy is still there.  Right?

Quite true. The number of coins one owns is irrelevant. It's the Return on Investment that matters, and the only way to be sure of that is to wait until someone else finds the bottom and jump in after the market has clearly turned bullish.

I'm starting to wonder if the Bearwhale will get the last laugh.

but Return on Investment would be more realistic to do with dollar averaging for example that one buy at 1000 then flash crash to 300, it would be easier to buy more at 350 and wait for 700 than just sit there wait for 1000

[NotLambchop]

...
I assertively disaccord. His contretemps fail to presume the prolific physis of a bitcoiner. ...

^How dumb people imagine smart people talk.

Smartiferous cerebrocity intensifies

[LFC_Bitcoin]

The fiat & BTC poor trolls are out in force today.
They must be terrified incase the price rises after this auction.

It's so bitter I can almost taste the lemon.

CCMF soon. 850 BTC wall buy on Finex.

Cool.

[NotLambchop]

"Dollar averaging" is not a rational thing to do, it is only a psychological pacifier, right?

If one bought 100 coins at 800$, buying 100 more at 400$ does not compensate or alleviate the loss of the first buy.  It only mixes a vexing mistake with a minor mistake to make a double dose of a medium-strength mistake.  The loss from the first buy is still there.  Right?

Wrong.

If you bought 100 coins at $800, you should buy 200 coins at $400.

And if it drops further to $200, you should buy an additional 400 coins.

Duh. 

This!

That is why when you start buying BTC for the first time you start with only 10% of your funds dedicated to buying BTC.

Another glimpse of the Bitcoiner mentality

Just out of curiousity, what is your specific mentality when it comes to Bitcoin?

Or are you sold out of all your positions already?

You can find out by reading my posts in this thread.  
While I feel that it is my duty to offer bare rudiments of an education to intrepid investors and finance enthusiasts of this thread, you must make a sincere effort to learn.

[billyjoeallen]

Griping about manipulation is stupid and pointless. If someone is driving the price down just to buy, then you benefit from temporarily lower prices.

the reason there is less demand is because market participants correctly (IMHO) anticipate that there are too many holders who will sell if the price goes just a hundred or two higher. Price has to go lower to attract new money. We are just taking it from each other at this point.

We need new money and that means we need lower prices. The retail money won't really start pouring in until after the rally is well under way and it hasn't even started yet.

[hdbuck]

Griping about manipulation is stupid and pointless. If someone is driving the price down just to buy, then you benefit from temporarily lower prices.
the reason there is less demand is because market participants correctly (IMHO) anticipate that there are too many holders who will sell if the price goes just a hundred or two higher. Price has to go lower to attract new money. We are just taking it from each other at this point.
We need new money and that means we need lower prices. The retail money won't really start pouring in until after the rally is well under way and it hasn't even started yet.

they only way we are gonna get tons of new money to sustain a huge rally is not because of lower prices.. but because macro economics deteriorates and people wanting to save the day - at all cost.
this is how we'll go to +$4k. and then moon.

[greenlion]

notlampchop is one of the best trolls I have ever seen. I hope he get paid well, in case he isn't he should seriously consider professionalizing his abilities.

kudos to him

No way, he's just an asshole acting out because there are no consequences.

Trollfi is a great troll, because he starts conversations with innocuous-sounding questions or observations, but he's just weaving a trap to dump some bullshit on you.

[Fatman3001]

I had to store this one

[bobboooiie]

do we know exact time of this acution ?

[hdbuck]

do we know exact time of this acution ?

no. we know nothing.

[findftp]

"Dollar averaging" is not a rational thing to do, it is only a psychological pacifier, right?

If one bought 100 coins at 800$, buying 100 more at 400$ does not compensate or alleviate the loss of the first buy.  It only mixes a vexing mistake with a minor mistake to make a double dose of a medium-strength mistake.  The loss from the first buy is still there.  Right?

Quite true. The number of coins one owns is irrelevant. It's the Return on Investment that matters,

So what is your goal?
Making fiat or making bitcoin. I already wondered this yesterday when you were talking about making "money".

Define money.
Wealth in general, fiat or bitcoin?

[aminorex]

"Dollar averaging" is not a rational thing to do, it is only a psychological pacifier, right?

If one bought 100 coins at 800$, buying 100 more at 400$ does not compensate or alleviate the loss of the first buy.  It only mixes a vexing mistake with a minor mistake to make a double dose of a medium-strength mistake.  The loss from the first buy is still there.  Right?

You are doing it wrong.  Dollar cost averaging means buying 100 at $800 and 200 at $400.  It will result in a gain on the total investment, with p -> 1.0 as t -> oo, if conducted without fail at a constant rate without slippage on a log-normal distributed series of increments.

[rebuilder]

"Dollar averaging" is not a rational thing to do, it is only a psychological pacifier, right?

If one bought 100 coins at 800$, buying 100 more at 400$ does not compensate or alleviate the loss of the first buy.  It only mixes a vexing mistake with a minor mistake to make a double dose of a medium-strength mistake.  The loss from the first buy is still there.  Right?

AFAIK it's a common strategy for long-term investors. By spreading out your buys you reduce your risk of buying at a local high but also reduce your chances to buy in on the cheap.

[NotLambchop]

notlampchop is one of the best trolls I have ever seen. I hope he get paid well, in case he isn't he should seriously consider professionalizing his abilities.

kudos to him

No way, he's just an asshole acting out because there are no consequences.

Trollfi is a great troll, because he starts conversations with innocuous-sounding questions or observations, but he's just weaving a trap to dump some bullshit on you.

If it's not too painful, Please stay on topic by discussing the tanking Bitcoin price.
Space Wanderer.