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

[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?

[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?

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. 

Great. And no, you didn't lose money if you made money, btw. Losing unrealized gains isn't losing money same as winning unrealized losses isn't winning money. It's just winning less and losing less.
Maybe most people here are actually pretty sensible, or have been forced to become sensible by the bear market.

[findftp]

lost 3 btc trying to daytrade 

Thanks!
You probably lost a few satoshis on me but too bad no 3 BTC

[grappa_barricata]

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.

Sorry, i should have been clearer. When a country get 'the washington treatment' there are only two ways it can react:
  - borrow USD, entering a spiral of pain and death for an undefined time (supposedly: until the US can't enforce the treatment anymore)
  - structural reforms, constantly (this is what in these days we call 'the austerity package')

So, when you see the changes in Greece in the last years you see two things at the same time: the 'washington treatment' and the 'austerity package'.
People and politicians are attacking the latter, but they really should attack the former (albeit it will be pretty much useless, because the consensus has all scenarios covered up already). The worst thing they can do is exit the euro, because then they'll be completely defenseless and degenerate in a third world country. The best thing they can do is doing 'exactly' what the euro planners tell them to do (the structural reforms), while politically move against the 'foreign capital opening' and the other measures the consensus introduced. Not simple my friend.

[spooderman]

Fuck you bitcoin price, why you gotta be so low bitcoin price.

[JimboToronto]

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?

Hopefully most sensible adult posters do.

I recall a poll here in the Speculation sub-forum about what percentage of people's net worth was in Bitcoin. Only a few were all or mostly in Bitcoin, I seem to recall.

I've got more in antique musical instruments alone than in Bitcoin but I expect my bitcoins to be worth a lot more eventually. The one asset I'm thin in is fiat currency in the bank but most of my revenues are in fiat so that's not an issue.

[coinmaster222]

Best way I found is to hold bitcoin and short them on a trading site,the short hedges you from a sudden downturn.

[dEBRUYNE]

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.

Why do you think Monero (XMR) is a scamcoin? Please give some proper arguments if you are going to accuse a coin of being a scam.

[ChartBuddy]

Explanation

[nakaone]

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.

Why do you think Monero (XMR) is a scamcoin? Please give some proper arguments if you are going to accuse a coin of being a scam.

also normally following blitz but this is at least interesting

[coins101]

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.

Why do you think Monero (XMR) is a scamcoin? Please give some proper arguments if you are going to accuse a coin of being a scam.

I suspect he had similar comments when he was buying bitcoins for less than the cost of a McDonald's cheeseburger.

Only history will tell if XMR is a scam, just another alt project or an epic investment opportunity missed by the masses.

regardless....get back on topic, please.

[aztecminer]

Looks like you're right bro. MUST A SELL ALL MA BITCOINZ AND PUT MA MONAY IN THA BANK!

you need to get on it because the 'bail-ins' could happen at any moment and you don't want to miss that investment opportunity right ??

[aztecminer]

Hey billy well played sticking to your guns.

Thanks. I think $320 is a false bottom. Even if it is the bottom, it will be tested several times so there is no need to jump on the train the first time. Don't expect help from the BearWhale's millions above $300.

For those of you who say you're holding no matter what- why are you watching the charts? Do you enjoy pain? Let me spare you the suspense: It's prolly gonna creep up enough to give what-ever's left of the permabulls and the naive a false sense of security, and then we're gonna hammer you again.

<YAWN> ... HODLing .

[JorgeStolfi]

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.

To his credit, I recall him saying, a couple of months ago, that he went into bitcoin to make money, not to "chase unicorns"; and would be pulling out if the price did not recover soon. 

I even think that he mentioned selling his Malla manor, but I am not sure.

[macsga]

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.

To his credit, I recall him saying, a couple of months ago, that he went into bitcoin to make money, not to "chase unicorns"; and would be pulling out if the price did not recover soon. 

I even think that he mentioned selling his Malla manor, but I am not sure.

Not true. He holds his position and only diversifies with XMR which (IMHO) is better to hold some than none in the future. But who am I to tell you people what's wrong and what's right... just another random guy on the internet.

[thefunkybits]

Last shakeout before a nice breakout??

I have a feeling we could be trading in this range for a while though..

[adamstgBit]

atypical bottom forming?
back over 400 soon?
to the moon?

up, Up, or UP! ...I need answers poeple....