Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
if it reaches $1000 i will dump 150btc, call it a day and do something else with my life. even if it reaches the sun later, no regrets. ive tried enough
Many people will dump around $1000. That is psychological resistance. See the dumps of 27/11 - 28/11 2013.
It's rather logical. That's why I always put my orders a few dollars before the too round numbers xD
That is why dumps also occur at prices like 950$, 1050$, 1040$.
Yeah xD
And that is why you've got to find the real dumping price and get few cents before/after ^^
Sure, some of you goofballs are going to be attempting to time the market, and believe that you are making a killing when you dump all your coins at $949.83...
But, the smarter ones are going to ride out some of the waves and make sure that they are hanging onto some coins.
Playing all or nothing remains a very risky proposition... surely sometimes you can make out real well, but it is not a very good longer term strategy.. especially regarding bitcoin and its various unexpected exploding outbursts..
problem: bitcoin cannot scale..... that means it is bitcoin that is the risk..... as it stands we were told mid february XT would fork us into scale.... thats not happening... the talk is GIMP ... the truth of the matter is bitcoin has a very serious flaw.. it cannot scale.. therefore.. it cannot be used as a currency.......... meanwhile we are preping for the inevitable reset: http://plata.com.mx/Mplata/articulos/articlesFilt.asp?fiidarticulo=281
Nor do we know at what price, in dollars, the price will be set, or how it will be set. However, given the truly astronomic amounts of debt in existence, a very high price will be necessary to "liquefy" i.e. make payable remaining debt, whatever the amount remaining after the purge which is now in process. The very high price of gold will mean that all debt instruments will be subject to large losses in terms of gold value. The revaluation of gold will reduce the weight of the present debt overhang upon the world.
That's some fancy footwork Aztecminer, for you to change the topic to how bitcoin is going to supposedly fail in light of the supposed greater value of gold and other precious metals.
You are off topic.
What is being discussed, here, is bitcoin, and what is being discussed is a potential upturn in the bitcoin price and deciding at what points to cash out.
The supposed and alleged scaling issue of bitcoin (that seems to be largely fabricated) is mostly a short term issue and short term FUD propaganda in relationship to it... Yes, the issue is likely going to be used over and over and over and over in order to suggest that bitcoin is disfunctional, when the actual facts are the opposite in terms of development and computing power behind bitcoin.
Supposedly Bitcoin is not currently scaling (fast enough) and there is controversy concerning whether an actual need to increase the block size exists at the moment and if it is an emergency and what is the solution...
In the end, there are likely going to be various solutions that contribute towards resolving the purported scaleability problem (and yes, there will still be arguments and FUD about the continued supposed scaleability problem and the need for action and that bitcoin is dead and drama and fud etc etc... while the price is going up).
when BTC's price goes up, the question becomes when to cash out and how much and how frequently to take profits or just to ride it out towards higher points (while it is at the same time experiencing up and down continued volatility).