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Question: What happens first:
New ATH - 43 (69.4%)
<$60,000 - 19 (30.6%)
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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 26370641 times)
This is a self-moderated topic. If you do not want to be moderated by the person who started this topic, create a new topic. (174 posts by 3 users with 9 merit deleted.)
Biodom
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January 04, 2021, 06:43:57 AM
Last edit: January 04, 2021, 06:59:30 AM by Biodom

WARNING!

My market analysis shows that we are within 0-15 days of the downturn.

Before that we can go to anywhere between 34.5K and 128K (basically 1-4X)..1x obviously means that we turn tomorrow or even later in the night, but 4x and 128K is almost equally probable, IMHO. An arithmetic average between these two numbers is about 80K, which is slightly above my prior range of 50-70K medium top, but I thought that this local top would be only in March, but it is close to impossible now as the digital assets market where btc is not less than 69% weighting and much more if you remove stablecoins is completely feverish for an unknown reason.

It is not just bitcoin anymore. Everything is crazy, very similarly to Jan 2018.
To ignore the whole market behavior is not possible as it was wrong to ignore the Nasdaq behavior in 2000 when your favorite large cap was still outperforming.

Market is telling us that this will not continue for much longer, sorry that it was kind of short-lasting even if we will squeeze it up to 50-100K in the interim.
Bottom by the spring at 1/2 or even 1/3 if we peak at 100-120K, maybe a second run in the fall.

JJ, alt season is upon us! Grin

it is insane, MANY shitcoins in the top 50-100 are showing 30-90% daily gains.
I have no idea why.
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Cryptotourist
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January 04, 2021, 06:46:17 AM

https://en.wikipedia.org/wiki/Siren_(mythology)#:~:text=In%20Greek%20mythology%2C%20the%20Sirens,small%20islands%20called%20Sirenum%20scopuli.

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In Greek mythology, the Sirens (Greek singular: Σειρήν, Seirḗn; Greek plural: Σειρῆνες, Seirênes) were dangerous creatures, who lured nearby sailors with their enchanting music and singing voices to shipwreck on the rocky coast of their island.

Well, now days we have this:



h**ps://www.sirina.tv/

JayJuanGee
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January 04, 2021, 06:50:25 AM

JJ, alt season is upon us! Grin


How does that make you feel, CT?

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January 04, 2021, 06:53:37 AM

JJ, alt season is upon us! Grin


How does that make you feel, CT?



Given that all the brothels are still in lock down, and escort services are scarce, I'm kinda horny man!
#nohomo
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January 04, 2021, 07:11:15 AM

JJ, alt season is upon us! Grin


How does that make you feel, CT?



Given that all the brothels are still in lock down, and escort services are scarce, I'm kinda horny man!
#nohomo

A little bit of dodging question (or is it called evasion in some circles?), even though admittedly your response might well relate to how you are feeling in recent times.. and admittedly perhaps some of my social interactions have been dampened in regards to some of those kinds of social interaction changes too..


It's not like the vast majority are probably feeling some similar feelings, even if they might not describe it as horny.. and then might also not put such description in the context of what's going on with shitcoins.. you fuck.   Angry Angry Angry
El duderino_
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January 04, 2021, 07:57:45 AM

https://twitter.com/rd_btc/status/1345873313990668288?s=21
serveria.com
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January 04, 2021, 07:59:16 AM

JJ, alt season is upon us! Grin


How does that make you feel, CT?



Given that all the brothels are still in lock down, and escort services are scarce, I'm kinda horny man!
#nohomo

No Tinder in Greece?  Grin
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January 04, 2021, 08:01:50 AM

MANY shitcoins in the top 50-100 are showing 30-90% daily gains.
I have no idea why.

Retail noobs.

Institutional buying drives up Bitcoin price... media reports Bitcoin price increase and use word "crypto"... noobs react to media with FOMO... noobs think, "it's too late for Bitcoin, I'll buy cheaper crypto"... noobs buy shitcoins.

It's that simple.  Roll Eyes
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January 04, 2021, 08:08:56 AM

The amounts that got sold in the last couple days are alarming. Do they know what we dont yet? Cant decide to sell or wait. I mean only the small amount I bought at 21k and 26k Euro. Have a feeling we go down to hell soon...
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January 04, 2021, 08:21:43 AM

The amounts that got sold in the last couple days are alarming. Do they know what we dont yet? Cant decide to sell or wait. I mean only the small amount I bought at 21k and 26k Euro. Have a feeling we go down to hell soon...

The spreading of the mindrust virus is alarming!  Roll Eyes
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January 04, 2021, 08:30:47 AM

The amounts that got sold in the last couple days are alarming. Do they know what we dont yet? Cant decide to sell or wait. I mean only the small amount I bought at 21k and 26k Euro. Have a feeling we go down to hell soon...

The spreading of the mindrust virus is alarming!  Roll Eyes

Did mindrust not sell before the run at $1x.xxx?? How can you even compare that to the current situation.
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yes


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January 04, 2021, 08:35:09 AM

The amounts that got sold in the last couple days are alarming. Do they know what we dont yet? Cant decide to sell or wait. I mean only the small amount I bought at 21k and 26k Euro. Have a feeling we go down to hell soon...

The spreading of the mindrust virus is alarming!  Roll Eyes

I don't want to rub salt in wounds but this is actually very bullish!
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January 04, 2021, 08:37:29 AM

If you earn btc via mining or via signature .  Selling long upticks is a must thing to do.

ie

12000
12500
13000

wait for it

15000
15500
16000
That won't work in a 2018-scenario where the price keeps dropping, so I can't do this. I am taxed on the value at the moment I earn anything, so the tax amount gets fixed to that price, while the future value is uncertain. That's okay when the price is low, but at current prices, I can't risk being taxed a high amount if the price drops a lot.
It would be a great thing to do when prices go up: earn x euro, pay tax on x euro, and sell it when the value is much higher. Capital gains aren't taxed here (but losses aren't tax deductible either).
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January 04, 2021, 08:38:16 AM

The amounts that got sold in the last couple days are alarming. Do they know what we dont yet? Cant decide to sell or wait. I mean only the small amount I bought at 21k and 26k Euro. Have a feeling we go down to hell soon...

Well going down to hell isn't going to happen but I can see it go down below $30k. That would be more like a natural correction because of the sudden spike.
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January 04, 2021, 08:51:07 AM

The amounts that got sold in the last couple days are alarming. Do they know what we dont yet? Cant decide to sell or wait. I mean only the small amount I bought at 21k and 26k Euro. Have a feeling we go down to hell soon...

I really hope you're joking...  Cool
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January 04, 2021, 09:25:35 AM
Last edit: January 04, 2021, 09:55:53 AM by johhnyUA

I'm sure you can get killed for owning some BTC there.

With ease. For honest, you can get killed whenever you are, it only depends on sums. In poor countries it will be enough to hodl 1-2 btc, and in rich you need to be linked to much greater amount. For example, one of the richest and well developed countries - Norway. And there was few incidents, one even with very bad final (bitcoin investor was murdered)

So i will be better more paranoid, but in the same time more alive and with my assets  Smiley

Quote
So which exchange could you recommend us (the royal us for sure)? Asking for a friend....  Grin

Something DEX based
For honest, i'm not selling btc even now, so i don't have need in exchange. DEX is enough to sell something like uniswap or 1inch airdrops.

The only thing that was banned in the UK by the FCA was derivatives and ETFs.

Yeah, my bad that i din't clarify what i mean.  Sorry for that.

You can freely buy and sell BTC just the same as ever.

For now. I think some people don't want to remember history lessons. I will remind you. In USA, the most "free" country, GOLD was banned for savings from 1933 up to 1974.
Quote
Private individual ownership of gold coins and bars was illegal in the United States for four decades.  “Hoarding” individual wealth in gold was banned from 1 May 1933 until 31 December 1974.  Vast amounts of gold bullion were confiscated from people, who were forced to accept instead the Monopoly Money known as “United States Dollars”.  Numerous individuals were criminally prosecuted for attempting to keep their gold—a crime according to Executive Orders 6102, 6111, 6260, and 6261, and the Gold Reserve Act passed by the U.S. Congress and signed into law by U.S. President Franklin Delano Roosevelt

If you have an eyes, you can admit one interesting moment - start of gold ban was in the times of The Great Depression. Governments like to do such things in the times of crisis.

So where the proofs that some countries will not do the same, or at least will not add some new taxes or restrictions? This is was my original replica about

Indeed, how did Ruffer Investment Management, which is based in London, spend hundreds of millions on BTC if it was banned here?

Can't admit this moment: My main point was about that if something bad will happen, it will happen only for noobs like you and me. Rich and "professional" investors will not be affected of any stupid law of the governments. So your Ruffer Investment Management will still to spend hundred of millions on BTC even if the same time you will be thrown into jail for holding 500 satoshi. You know, ancient romans have a good aphorism about that:

"Quod licet Iovi, non licet bovi" (What is permissible for Jupiter may not be permissible for a bull)
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January 04, 2021, 09:29:59 AM
Last edit: January 04, 2021, 09:46:18 AM by vroom

... Have a feeling we go down to hell soon...

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January 04, 2021, 09:49:41 AM

Bears want to push it under 30k, but I doubt they have enough ammo to achieve that.
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January 04, 2021, 09:52:42 AM
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Morning boys!

Bad day to debut my Xmas socks?

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January 04, 2021, 09:57:54 AM

Morning boys!

Bad day to debut my Xmas socks?



Nice socks  Shocked

Want to have that, it's good to wear while trading  Cheesy.
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