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

[JimboToronto]

Blitz is one of the ''ancients'' here. He speaks wisely. Even if I don't fully agree with him, I'd advise you to carefully listen to him rather than trolls like LambCrap or others.

Indeed, even if he was a little off on the famous "no more triple digits in 2013" prediction he repeated so often 2 summers ago.  

No, I'm not gonna dig through his old posts. LOL  

Shroomskit already did enough of that.

[bad trader]

So.. there is resistance in the blue zone, but will it stop the crash?

[ErnieX]

Looks like we're going down some more. $335 - $346 perhaps.

Turned out to be a nice guess 

[grappa_barricata]

Some politics for the sceptics here. Many of you may, right about now, have comprehended that Greece has been the paradigm of EU politics with austerity measures that outraged the citizens and teared apart all the social structures. There has been a meeting lately about Greece being kept into the current austerity program for two more months or not. For the 1st time in Greece's 8 year of torture, the PM declared strongly that Greece should get out of the troika scheme and restore critical parts of health, social security, public sector etc.

On Dec. 4 Reuters has posted the following article: http://uk.reuters.com/article/2014/12/03/uk-greece-bailout-idUKKCN0JH0QJ20141203

The plain truth is that Greece has fought its way out and they DIDN'T ALLOW IT! As a result, the current PM called for presidential elections. The current governmental scheme is not able to elect a president (they need 180 votes - they only have 155) and thus the country will be -eventually- headed to new government elections. The left party which will probably prevail, has declared they won't be as ''flexible'' as their current government. I assure you they won't hesitate to choose the ''alternative'' road.

Today in Athens, there was a great stock market crash. The greatest since 1987! The market always predicts the facts.
Related article translated in English can be found here: https://translate.google.gr/translate?sl=el&tl=en&js=y&prev=_t&hl=el&ie=UTF-8&u=http%3A%2F%2Fwww.capital.gr%2FMarkets.asp%3Fid%3D2176586&edit-text=&search_plus_one=form

You can call me a fool, or anything you like really; but I'm very well educated, father of one and I love my country. Mark my words here:
Greece is the canary in the coalmine. EU's countries belong to a chain. If a part is broken, the chain will follow. Now I want you to remember what has happened last year before the BTC Rally. Let me refresh your memory. CYPRUS!

Keep your money to the banks. Or not. Your choice.

Cheers.

You got it wrong: IMF opened up Greece economy for the rape, as it usual for the Washington consensus guys. These guys have developed methodologies for doing this kind of thing, over the years. It is very sad, isn't it, when a superpower want to fuck with your people? Enter the EU: aka 'the resistance'. They aren't the bad guys, they are the good ones. Remember this when someone tell you to 'exit the euro' for some reasons.

[Adrian-x]

@Blitz - How much have you made through BTC?

I wish I knew about it in 2011.

The question should be how much BTC have you made

I knew about in 2012.. and flubbed it by being too cheap to risk just building a mining computer which I could've used as my gaming rig if worse came to worse.. SO SILLYYYYYYYYYYYY

but I mean who knows how long you would've held etc.. etc

One does not simply make Bitcoin. The obvious 256 hashing aside, I'm sure most traders have more value but less Bitcoin, ultimately this is the long term trend for growth, while we wait it's a good idea to buy low and sell high.    

[Newbie1022]

Ahhh.... the crazy $1000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000 Bitcoin folks are back. Must be time to short, again.

[adamstgBit]

Ahhh.... the crazy $90000000000000000000000000000000000000000000000000000000000000000000000000000000 0000000000000000000000000000000000000000000000000000000000000000000000000000000 0000000000000000000000000000000000000000000000000000000000000000000000000000000 0000000000000000000000000000000000000000000000000000000000000000000000000000000 00000000000000000000000000000000000000000000000000000000000000 Bitcoin folks are back. Must be time to short, again.

ftfy 

[N12]

I know lots of people like her followed reptilia ardently, but look where he is now. Somewhere pumping some scamcoin and playing some forum-based medieval kingdom RPG to blend out the dire reality. It's sad.

What's important to understand is that it is way worse to make a bad move than to make no move. The easiest way to do this is realize that there are actually hundreds of opportunities you aren't taking every day, where you are missing out on so much money. It's only that you have a limited scope of attention so you will be only psychologically exposed to some.

"There is the plain fool, who does the wrong thing at all times everywhere, but there is also the Wall Street fool, who thinks he must trade all the time. No man can have adequate reasons for buying or selling stocks daily– or sufficient knowledge to make his play an intelligent play." - Reminiscences of a Stock Operater, a great book.

[Newbie1022]

Ahhh.... the crazy $90000000000000000000000000000000000000000000000000000000000000000000000000000000 0000000000000000000000000000000000000000000000000000000000000000000000000000000 0000000000000000000000000000000000000000000000000000000000000000000000000000000 0000000000000000000000000000000000000000000000000000000000000000000000000000000 00000000000000000000000000000000000000000000000000000000000000 Bitcoin folks are back. Must be time to short, again.

ftfy 

 

[redsn0w]

Ahhh.... the crazy $90000000000000000000000000000000000000000000000000000000000000000000000000000000 0000000000000000000000000000000000000000000000000000000000000000000000000000000 0000000000000000000000000000000000000000000000000000000000000000000000000000000 0000000000000000000000000000000000000000000000000000000000000000000000000000000 00000000000000000000000000000000000000000000000000000000000000 Bitcoin folks are back. Must be time to short, again.

ftfy 

Woooow adamstgBit post here in the thread , let me  take a screenshot, this is a miracle. .

[ChartBuddy]

Explanation

[NotLambchop]

I know lots of people like her followed reptilia ardently, but look where he is now. Somewhere pumping some scamcoin and playing some forum-based medieval kingdom RPG to blend out the dire reality. It's sad.
...

But he owns a derelict building in some backwater shithole castle...

[Newbie1022]

I know lots of people like her followed reptilia ardently, but look where he is now. Somewhere pumping some scamcoin and playing some forum-based medieval kingdom RPG to blend out the dire reality. It's sad.
...

But he owns a derelict building in some backwater shithole castle...

I just fell down laughing!!! Bahahahahaha

[BitChick]

I know lots of people like her followed reptilia ardently, but look where he is now. Somewhere pumping some scamcoin and playing some forum-based medieval kingdom RPG to blend out the dire reality. It's sad.

What's important to understand is that it is way worse to make a bad move than to make no move. The easiest way to do this is realize that there are actually hundreds of opportunities you aren't taking every day, where you are missing out on so much money. It's only that you have a limited scope of attention so you will be only psychologically exposed to some.

"There is the plain fool, who does the wrong thing at all times everywhere, but there is also the Wall Street fool, who thinks he must trade all the time. No man can have adequate reasons for buying or selling stocks daily– or sufficient knowledge to make his play an intelligent play." - Reminiscences of a Stock Operater, a great book.

There are only two prices that matter in regards to Bitcoin:  The price you buy at and the price you sell at.  Sure, there can be more money made if trades are timed well (with a little luck and some skill) but even those of us that are less skilled at trading have done fine just buying, holding for good length of time (over a year) and then selling.  Could I have sold for more? Of course.  Did I lose money? No.  (Still holding plenty BTW so I consider myself a bull as always)

The biggest risk with BTC is the unanswered question of where it will be in a year or two or three.  It will either be wildly successful, or it will be worth very little.  These are the two most likely scenarios.

[N12]

It's not about money, it's about evading the risk of bear markets that can devastate you, and even have you selling near the bottom because maybe you need money or maybe you actually are disillusioned because of your previous unrealistic hopes.

There is another way to evade this risk, and it's to spread your investment money over many different assets, but how many of you do that?

[leen93]

lost 3 btc trying to daytrade 

[BitChick]

It's not about money, it's about evading the risk of bear markets that can devastate you, and even have you selling near the bottom because maybe you need money or maybe you actually are disillusioned because of your previous unrealistic hopes.

There is another way to evade this risk, and it's to spread your investment money over many different assets, but how many of you do that?

That is the plan.  Personally, I have real estate, 401K, etc.  But as the saying goes, "It takes money to make money."  There is a greater ability to spread wealth around when there is wealth to spread. 

[octaft]

Speerging.  That's a funny word for a bumpkin to be using.    Yore a punk.  An uneducated punk who always got beat up a lot as a kid.  Mommy wont help any more, will she?  You probably have a net worth of about -30,000.   Because you live in mommy's basement and troll internets and never could hold a job.  Dion't kill yourself over this though.  Mommy will always love you.   Punk.

I'm short and happy, that's the only reason I'm talking to you.  You've never made any real money in your life.  Punk.

Could you drop the fucking internet tough guy act for 5 goddamn seconds and just ignore the troll? You're giving him exactly what he wants: a response (and bonus points for angry ones like yours).

Get a hold of yourself, man.

[macsga]

You got it wrong: IMF opened up Greece economy for the rape, as it usual for the Washington consensus guys. These guys have developed methodologies for doing this kind of thing, over the years. It is very sad, isn't it, when a superpower want to fuck with your people? Enter the EU: aka 'the resistance'. They aren't the bad guys, they are the good ones. Remember this when someone tell you to 'exit the euro' for some reasons.

Maybe I do get it wrong. But isn't a coalition's purpose to strengthen the participants by the collaboration of many? Look what France and Italy have to say right now. I hope I'm wrong; but take my word for it: This will end badly for everyone, unless all EU countries persuade their leaders to act for the people and not the Banks. Simple as that.

[Bagatell]

This will end badly for everyone, unless all EU countries persuade their leaders to act for the people and not the Banks. Simple as that.

When have "they" ever done that?