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

[JayJuanGee]

Fear & Greed Index has reached 21 "Extreme Fear" today. Time to start feeling bullish again 



When was the last times Fear & Greed reached these extreme levels? Have a look at the green arrows representing extreme fear:



For over a month I've been feeling neutral, even slightly bearish short-term on price since $65K. Now the correction has reached my target, I've shed my short-term bearish bias.

Now that price has found support at the 0.618 on the shorter-term time-frames, I've gone for a high leveraged (10x) long position with tight stop loss 

DYOR

Of course, many of us assert that normies should NOT be screwing around with leverage, and I imagine any kind of leverage like that does need a decently sized stop loss. 

I don't believe in stop losses also, but I can appreciate if anyone is playing with decently high levels of leverage then the stop loss will be a godsend.

By the way you likely realize that we have not seen anyone wicks in recent times, and for sure there is an ongoing practice and dynamic for bearwhales to trigger stop losses prior to moving up.. and of course, a wick is not a prerequisite, but wicks do happen quite frequently to screw up the potentially prematurely order placements of leveraged guys.

I am not sure if people realise that there will never be 21,000,000 Bitcoins... and i don't mean lost coins (that is still part of the circulation total)...

(waiting for a reply asking why...)

That's just a rounding difference. 21 million is easier to remember than 20,999,999.9769 (which I actually had to look up).

It's less than that. Some miners haven't claimed their full reward so we're ~29 BTC short IIRC.

I do recall hearing that at least one block had a miner NOT claiming the reward (and the fees too, right?) (and that cannot be reversed once it is failed to be claimed), which surely is surprising that it had ONLY occurred once (or are you suggesting more than that suchmoon?) out of all of the blocks that have been mined to date. 

Also, is it NOT the case that the code causes the very first block that was mined by satoshi on January 3, 2009 to NOT be spendable.  So there would have been 50 BTC that would have been part of the 21 million that would not ever to be spendable.

[philipma1957]

Chances of a recovery or even a relief rally in the next week?

What do you think boys?

Surely the Friday sell off which coincided with some new bull shit covid variant breaking news & Black Friday, correlation with stocks dumping also, we will see some green soon?

What do you think?

$66,666 Dec 7th.

i hope you are right but 69420 would be better

[naim027]

Chances of recovery or even a relief rally in the next week?

What do you think boys?

Surely the Friday sell-off which coincided with some new bull shit covid variant breaking news & Black Friday, correlation with stocks dumping also, we will see some green soon?

What do you think?

As I already mentioned before. All the bad news we had already affected on the market and we still surviving over $53.5K. $53K was good support and it didn't break. Maybe we can see a couple of green candles next week if everything goes okay.

But, there are always a few "If" "But". Let's hope for the greens,

[JayJuanGee]

Next week is important isn’t it. I feel like if we don’t start going up by the end of next week then the bull could be over. I’m prepared either way, obviously heavily leaning to wanting up but there are positives to both. Let’s see what happens.

Whoaza, LFC.

You are really caught up in this calendar year nonsense.

Whatever...

You do you.

I am going to remain skeptical regarding bitcoin having to conform to some kind of a calendar year schedule.... and for sure, I look forward to some folks getting reckt as fuck because they are betting too much on such what everybody thinks scenarios.  Hopefully you do not get too reckt in the process LFC.., because I was starting to like you.. hahahahahahaha.. .#nohomo.

Agreed, I think we need to remain more conservative over utilising the phrase "doing a mindrust".

I agree that we need to sparingly and sharply use the "pulling a mindrust" term only in the most severe, discipline-lacking, and limp-wristed cases.

I've not ever personally witnessed a more bone-headed move on these forums.

I know it is gauche to talk about such things, but with regards to mindrust, do we know the approximate size of his bags when he dumped?

Are we talking 10BTC? 50? 100? Just wondering out loud how much he fucked himself, if we were to assign a dollar value to what an absolutely massive loser mindrust turned out to be.

It was 10 BTC sold at $4,500 and it was one BTC bought back somewhere between $6k and $6,500.  Then he went into shitcoins and who knows what some of his subsequent behaviors were since he did not really provide that information..as far as I know.

[edited out]

I I’m correct he had 5 max 7 BTC’s

Something like that

Think he invested 50k total and had 50k clean out of the scam

Maybe not exactly but the numbers will be pretty close

close, but no cigar...

in other words:













NOT!!!!!!









Based on his actual representations, mindrust had gotten up to 10BTC on that day.. He posted that he had gotten up to 10BTC.., and then a few hours later he posted that he sold everything.. ..

[naim027]

No offense, Just For Fun 😁😁

[JayJuanGee]

This is why you need Bitcoin BTC:



https://twitter.com/saylor/status/1464648118146842642?s=20

Incidentally, this is an old idea of mine...


https://twitter.com/fillippone1/status/1453643971272577024

Dammit!!!!!!!!!!   

Who would've thunk?   Michael Saylor stealing the ideas of the Italian stalion without even giving any kind of credit....


Must be the internet screwing up this world.

[ChartBuddy]

Explanation

[naim027]

Savage CoinmarketCap

[goldkingcoiner]

I I’m correct he had 5 max 7 BTC’s

I thought he had 10 BTC, but you're probably right. I never really looked into the details.

I seem to recall 10BTC.

He had 10 & he dumped them all at approx $4,000. I know this because I was buying at pretty much the same time he posted that he’d capitulated.

I remember my "gambling" stash getting liquidated during the same time as mindrust losing his corn. But 10 BTC? Thats gotta hurt. Especially now.

[ChartBuddy]

Explanation

[serveria.com]

Nope he's alive. But dead inside. 

[AlcoHoDL]

Nope he's alive. But dead inside. 

The worst kind of death...

[ChartBuddy]

Explanation

[jojo69]

[El duderino_]

Most important about mindrust =.......

He had invested X amount of FIAT and proudly announcement he had a positive exact amount of FIAT out of it.

Each person got his own goals, he achieved the goals he was chasing at.

[ChartBuddy]

Explanation

[goldkingcoiner]

Most important about mindrust =.......

He had invested X amount of FIAT and proudly announcement he had a positive exact amount of FIAT out of it.

Each person got his own goals, he achieved the goals he was chasing at.

[naim027]

Wait what?
Oh. Okay. Who cares?

[ChartBuddy]

Explanation

[ChartBuddy]

Explanation