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

[jonoiv]

@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

[macsga]

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.

[Davyd05]

@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

[BitChick]

BitChick, I normally don't do this, but maybe you should have listened to the FUD spreaders rather than the hopium sellers and decreased risk exposure so that you don't keep being addicted to the Hopium.

We have seen the ups and downs and have realized it all works out in the end. 

This is the great delusion that markets bestow upon people, that a trend is invulnerable and "it all works out in the end" almost sounds like religious faith. I know that nothing I can say could possibly make you think otherwise, but still, please consider how you would react if Bitcoin slid 80% or 90% from here during the next 6 months. Even if the probability is small, are you ready for it?

Because this has happened before, and it happened in this very asset (even if you tell me that times are "different" now – well, to compensate, the price is higher to begin with!). I remember that time well. At the time, there was a long-term log support trendline, too, that was being drawn by everyone in this forum. It was violently BROKEN:



And guess what? That break ended up being the best time to buy. But few bought, for few had money to spare, and many of those who did have given up on Bitcoin. I will tell you that all along this decline, there was plenty of good news as well. I believe Bitpay was created amidst the bear market for example.

All I want to say is that eventually, all trends break. Prepare yourself for the improbable, because it is devastating to lose almost all of your wealth. Do not let your mind be compromised by Bitcoin cultists. Let this be a lesson from a former Bitcoin cultist who has made a fortune off Bitcoin by turning himself into a Bitcoin pragmaticist.

Trust me,  my husband has way less faith in BTC than I do so we have removed 100% of our "risk" at this point.  It does make it easier to sleep at night, and I still have a few "chips" in to play with, but I was one that was willing to take a greater risk than he was.  Oh well.  Win or lose Bitcoin is a fun ride for sure.

I still think we will go up dramatically though.  Things are just getting interesting and the tide can change very fast. 

[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