All posts made by favelle75 in Bitcointalk.org's Wall Observer thread



1. Post 2017613 (copy this link) (by favelle75) (scraped on 2020-04-04_Sat_10.55h):

Quote from: Nightowlace on May 03, 2013, 05:47:52 PM

Btw, this is the last day when we see $95 EVER, you can quote me on that.  Cool

And quoted.

Wonder if that will ever go explained, because I've seen $95 (and lower) now so many times in the last 24 hours....



2. Post 2022973 (copy this link) (by favelle75) (scraped on 2020-04-04_Sat_10.56h):

What I don't understand is why we put ANY belief in the graphs.  First rule of investing is that past performance is NOT indicative of future performance (good or bad).



3. Post 2027171 (copy this link) (by favelle75) (scraped on 2020-04-04_Sat_10.56h):

If I had that much influence in the Bitcoin world, and I proclaimed that it would NEVER hit $95 again, I would use my supernode powers to AT LEAST make sure it didn't hit $95 about six hours later,  LMAO.



4. Post 2056733 (copy this link) (by favelle75) (scraped on 2020-04-04_Sat_10.56h):

Quote from: Nightowlace on May 07, 2013, 04:21:02 AM


$50 is the new $5, so bitcoin is obviously going to $500 next. I don't mind 1,000% gains even if we go to 50. And will buy more sub-100.

Ok if we breach 78, it will likely resume downtrend for a time, but I think we will not see 78 again.

I hate it when you say "we will not see $xx again" because when you do we ALWAYS see that number again and it usually doesn't take long after you say it.

Well I was sitting on the sidelines but I better sell a few so I have some cash for the $78 hit coming in the next two hours.
[/quote]

THIS.  Its gotten bloody annoying. Everytime he says "it will NEVER hit that price again", within a day it hits that price (and lower).



5. Post 2150390 (copy this link) (by favelle75) (scraped on 2020-04-04_Sat_10.58h):

I sold everything I had at $119....now when to buy back in...... Tongue



6. Post 2150408 (copy this link) (by favelle75) (scraped on 2020-04-04_Sat_10.58h):

Quote from: klee on May 15, 2013, 12:05:50 AM
I sold everything I had at $119....now when to buy back in...... Tongue
100


Yup, that's what I was thinking...



7. Post 2326658 (copy this link) (by favelle75) (scraped on 2020-04-04_Sat_11.01h):

1st rule of ANY stock-type item is that past performance is NEVER indicative of future performance.  It doesn't matter what the eff BCT did in the past. That has no bearing on its future.



8. Post 2331051 (copy this link) (by favelle75) (scraped on 2020-04-04_Sat_11.01h):

Quote from: Rampion on May 31, 2013, 07:39:09 AM
1st rule of ANY stock-type item is that past performance is NEVER indicative of future performance.  It doesn't matter what the eff BCT did in the past. That has no bearing on its future.

Sure. If you read my post history you will see I scream: "this is no 2011". I said many times that IMO the very post crash bottom was $50, which is a bullish indicator taking into account we were at $14 in January. But it's still interesting to point out both differences and similarities to the summer of 2011 situation.

Past performance may not be an indicative of future performance, but it's fun watching people saying similar things in similar situations, and making the same mistakes - over and over.

Totally agreed on that.  People RARELY learn from their mistakes and will continue to repeat them ad inifnity!



9. Post 2399989 (copy this link) (by favelle75) (scraped on 2020-04-04_Sat_11.02h):

I cashed out at $142...the question now is, when to buy back in?



10. Post 2400142 (copy this link) (by favelle75) (scraped on 2020-04-04_Sat_11.02h):

Quote from: billington.mark on June 07, 2013, 10:49:10 AM
I cashed out at $142...the question now is, when to buy back in?

Im pretty sure alot of people just muttered "F*ck you" under their breath.. haha

You have no idea how many people said I was crazy to sell (it went to $145 two hours later)....I've been looking for a re-entry point but its been so weird the last 3 weeks.



11. Post 2400181 (copy this link) (by favelle75) (scraped on 2020-04-04_Sat_11.02h):

Quote from: niothor on June 07, 2013, 10:47:53 AM
I cashed out at $142...the question now is, when to buy back in?


You waited 2 months wondering when? wow Smiley

2 months?  Wat?



12. Post 2400195 (copy this link) (by favelle75) (scraped on 2020-04-04_Sat_11.02h):

Quote from: Rampion on June 07, 2013, 10:49:24 AM
I cashed out at $142...the question now is, when to buy back in?

I never place bids in a single spot.

I place them just above different support points, and the bids get bigger to each step down (for example: $1 bid at $84.3; a $2 bid at $71.34; a $5 bid at $51.75, etc.)


Smart idea man! Nice!



13. Post 2406936 (copy this link) (by favelle75) (scraped on 2020-04-04_Sat_11.03h):

Bought all back in at $112......wondering if I made a mistake.  Obviously missed the bottom, but was that just a false bottom?



14. Post 2436169 (copy this link) (by favelle75) (scraped on 2020-04-04_Sat_11.03h):

Quote from: inbox on June 11, 2013, 01:18:17 AM


never seen virtex so active.

Liberty Bit shut down. Where else are Canucks going to trade?



15. Post 3632684 (copy this link) (by favelle75) (scraped on 2020-04-04_Sat_11.25h):

Quote from: Vycid on November 19, 2013, 01:43:27 AM
I know I just lost a spectacular amount of paper money, but for some reason I'm having a really good time.

LOL, I am with you on this one. When one of my stocks goes down, I am in a bad mood for like a week.  This to me is just fun. A TON of $$ just got lost, but this is BTC....you better buckle up if you're gonna play!



16. Post 3646193 (copy this link) (by favelle75) (scraped on 2020-04-04_Sat_11.26h):

Quote from: BroodAap on November 20, 2013, 01:27:46 AM
Just bought another coin for 515 euro one hour ago. May take a couple of weeks, but I'm thinking I will at least make that a 800 euro's. What are your expectations ?

I sold at $720. I have my mouse ready to click at $500 CDN on CAVirtex...but the greedy mongrel in me wants to hold out for ~$350! Sad



17. Post 3720029 (copy this link) (by favelle75) (scraped on 2020-04-04_Sat_11.29h):

Quote from: Parazyd on November 26, 2013, 10:01:36 AM
Damn, I love Bitcoin Grin

Right now, I'm loving Litecoin!



18. Post 3788985 (copy this link) (by favelle75) (scraped on 2020-04-04_Sat_11.31h):

Quote from: OldGeek on December 01, 2013, 04:00:25 AM


What makes you say this?


Huh Because the price is down?



19. Post 4376497 (copy this link) (by favelle75) (scraped on 2020-04-04_Sat_11.53h):

Quote from: Walsoraj on January 07, 2014, 11:34:25 PM
Hodling is stupid right now. Nothing but negative news on the horizon from China. Why wait until the end of the month?

January 7th.....quoted for future reference.



20. Post 4447192 (copy this link) (by favelle75) (scraped on 2020-04-04_Sat_11.54h):

Quote from: favelle75 on January 07, 2014, 11:50:47 PM
Hodling is stupid right now. Nothing but negative news on the horizon from China. Why wait until the end of the month?

January 7th.....quoted for future reference.


So if by "stupid" you mean making money....then yes, it was silly to hodl as the price goes up.....ROFL.



21. Post 4453485 (copy this link) (by favelle75) (scraped on 2020-04-04_Sat_11.54h):

Quote from: favelle75 on January 11, 2014, 12:16:26 PM
Hodling is stupid right now. Nothing but negative news on the horizon from China. Why wait until the end of the month?

January 7th.....quoted for future reference.


So if by "stupid" you mean making money....then yes, it was silly to hodl as the price goes up.....ROFL.

Quoted again because apparently its "stupid" to hodl on to investments that continue to increase in value.



22. Post 4478324 (copy this link) (by favelle75) (scraped on 2020-04-04_Sat_11.55h):

Quote from: hyphymikey on January 13, 2014, 02:29:39 AM
I skimmed through the last few pages but couldn't find anything new. We're going down because people still panic about that huobi account thing?

There is no buying pressure. So after our new "Weekend Buyer(s)" is done, we go back down.

So weird to be going back down after the weekend is done rather than on Friday night.  Very weird weekend IMO.



23. Post 4633378 (copy this link) (by favelle75) (scraped on 2020-04-04_Sat_11.57h):

Quote from: shmadz on January 21, 2014, 02:09:05 AM
It's because Emptygox doesn't spit out the money it owes its customers.
Does this have any relation with MtGOX's withdrawal delays?
http://www.theverge.com/2013/8/23/4651926/us-government-seized-5-million-from-bitcoin-behemoth-mt-gox

Is it confirmed that JPY withdrawals work?  What prevents one from withdrawing in JPY and then converting to USD by other channels?

Nothing, that channel of arbitrage works afaik. SEPA (I hear up to 5-6 weeks) and JPY (I hear up to 1-2 weeks) have some delays as well though. SWIFT on the other hand will never go through, as the queue dates back more than half a year and it's growing.

Im in Canada, does this mean I am never getting my 2.5k out of gox Huh
I'm in Canada also, I briefly looked at Gox, but I could not see any reliable way to get fiat in or out. (as a miner, getting fiat out is a bit of a concern)

luckily cavirtex opened soon after and now I can get fiat out in a couple days instead of a couple months...

Same here.  I was LIbertyBit at first, then when they closed down I moved everything to CAVirtex.



24. Post 5500651 (copy this link) (by favelle75) (scraped on 2020-04-04_Sat_12.23h):

Quote from: Krabby on March 04, 2014, 09:03:41 AM
Jeeze, what just happened to litecoin?

It was added to BTC China....that's what.



25. Post 5500713 (copy this link) (by favelle75) (scraped on 2020-04-04_Sat_12.23h):

Quote from: MAbtc on March 04, 2014, 09:23:05 AM
Seeing people say in the TV chat that it's LTC on BTCChina.

Dude, I already told you that 4 posts up....the top of this page.



26. Post 5500728 (copy this link) (by favelle75) (scraped on 2020-04-04_Sat_12.23h):

And don't let people tell you anything....its friggin' plastered all over the front page of BTC China:

https://vip.btcchina.com/



27. Post 6026671 (copy this link) (by favelle75) (scraped on 2020-04-04_Sat_12.31h):

Quote from: JayJuanGee on April 02, 2014, 12:37:29 AM

Indeed, I loled hard. That "redactor" is really epic ; can't even plead incompetence, he's really doing it on purpose... or maybe :
- he just took a random range : 3 months (yeah 3 is good),
- from hmm let's say since the ATH and oh surprise after an ATH we got a correction. Ok so it's "a crash", -38% value OMG worst investissement ever ! (So why not the title, really shinny)
- let's not check the 4 years before with around +10000%/year instead of -38%.

I guess some of the words in his Twitter description needs to be switched : "I write about finance, markets and economics for Quartz. Decent guitarist. Terrible banjo player." !


We could also measure BTC from late November 2013 to its present price, and achieve more than 60% loss in value. 

Funny thing also, is currently, when I look up the November 2013 time-frame on bitcoincharts.com.  Regarding Bitstamp, I find a BTC price high of about $1150; however, I bought my first BTC on 11/29 through Localbitcoins for $1200 per BTC.  We already know that Localbitcoins can have a very wide range of prices, and frequently the sellers thereon are able to sell at much beyond the price in other venues.   I recall that I did NOT buy from the highest vender or on the highest day. And I recall between November 29 and December 5 -ish seeing that there were advertisements on localbitcoins for nearly $1600 per BTC.  I do NOT know whether many BTC were transacted at prices between $1200 and $1600, yet with all the hype at the time, I would imagine that there would have been quite a few BTCs transacted in that price range.

I do NOT mind flash crashes, but hovering and lingering in the $480 range for too long causes me to begin to believe that it is going to take a while for BTC prices to return to ATH... and maybe, just maybe we will NOT see another ATH this calendar year.  A lot of us were banking on another BTC ATH this calendar year..  but maybe that new ATH will be put off until 2015?  If I were a betting man, I would need to be given fairly decent odds before I would take the new ATH in 2014 bet.

in other words... currently, blood is beginning to seep into the streets... and if BTC prices were to go to the $300s and then linger in the $300s... that would increase perceptions of BTC doom and gloom... though ATM, I would place the odds of reaching $390 in the next month to be greater than the odds of reaching a new ATH before August 2014... that is my current thinking... but I am talking out of my ass somewhat b/c I am like a cave dweller in plato's allegory of the cave... with very much incomplete information and I realize that if some big ass investor (anything of 100 million or greater) were to come into BTC at any minute.. that new entrance into BTC could cause a real high demand for BTC and a rippling effect beyond any lines on any charts.. and suddenly considerable volume would materialize where, at the moment, LITTLE volume seems to be in sight.






Good thing you don't play real stocks or forex...because 6 months is a tiny blip on the radar in the real financial world.



28. Post 6656393 (copy this link) (by favelle75) (scraped on 2020-04-04_Sat_12.44h):

Quote from: spooderman on May 10, 2014, 05:43:40 PM
if gox came back, it would likely be the best exchange out there. It would have a point to prove.

That's just it. It probably would be the best, simply because it had to be. I would look forward to that.



29. Post 9516663 (copy this link) (by favelle75) (scraped on 2020-04-04_Sat_13.30h):

Quote from: marcus_of_augustus on November 12, 2014, 06:52:32 AM
...places that haven't participated significantly in the previous waves, like Argentina, Phillipines, Canada, Mexico, Australia, U.K., Carribean, Switzerland ...

Canada? Are you kidding?

Home of Ethereum, first public BTC ATM, rich mining tradition?

Maybe you should add Germany, the USA, Russia and China to the list. LOL

oh yeah, canada this time last year was 2 or 3 guys in the vancouver office at bitcoiniacs ... mega player, my bad.

I left out Singapore and Hong Kong, they look ready to play this time around too.


Huh Vancouver had the WORLD'S FIRST Bitcoin ATM.