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

[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  

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

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.

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)

[vroom]

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

[Phil_S]

Bears want to push it under 30k, but I doubt they have enough ammo to achieve that.

[LFC_Bitcoin]

Morning boys!

Bad day to debut my Xmas socks?

[ultrloa]

Morning boys!

Bad day to debut my Xmas socks?

Nice socks  

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

[Cryptotourist]

No Tinder in Greece?  

I don't do social media, so having a profile on Tinder can be a problem.

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 don't think so, up to heaven and soon is more likely, cos there's been more buying than selling on this leg up - so far.
That goes for around the current top-off price level as well (referring to Bitstamp of course).


Btw, mempool is almost empty.

[600watt]

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...

relax.
i dont get "selling" btc. you want to trade btc? most professsional traders lose. almost all retail traders lose. bitcoin is longterm savings get rich slow tech. dont trade the best performing asset ever. if you bought and price dips below your entry, be thankful for the opportunity to buy more and lower your entry price.  

when trading you are trying to outperform traders that are:

-smarter
-more experienced
-with waaayyyy deeper pockets
-who are well connected
-and ruthless
-better informed

[aesma]

No new ATH today I guess.

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).

You're saying you're taxed on BTC earnings, is that right ? If so, then sell the BTC amount that will pay the tax at that same moment you get it. I'm already hating paying capital gains taxes (that has been lowered to 30%, it used to be more than 50%), but paying taxes on a value that is no longer there would be terrible.

[tertius993]

Bears want to push it under 30k, but I doubt they have enough ammo to achieve that.

Err ... ?

[dre1982]

Bears want to push it under 30k, but I doubt they have enough ammo to achieve that.

Well they got it at $27734 at Bitstamp already. So they got enough ammo to do that. Let's see how deep their pockets are.

[UnDerDoG81]

Told ya. Some guys are blindly bullish. Whales got the news earlier. I think they know some FUD coming out soon.

[El duderino_]

Bears want to push it under 30k, but I doubt they have enough ammo to achieve that.

Eeeeurhm

....
Missing 30 already, probably soon-ish where BTCack above it

[_javi_]

Is this the correction we were waiting for?

Unrealized profits come on go.. always unrealized.

[Poker Player]

LOL

Are we dead already?

I think I was lucky. I sold some bitcoin when we passed the 20k mark and then I sold some more at around 34k. Not selling anything else until we get to $50k. No matter if we stay in a bear market for years. If that is the case, I'll keep accumulating.

[aesma]

Well this is all rather special isn’t it.

Just remember, only sell when it really works for you. This bull run has only just started, we have so much more scope for price discovery.

Quick reminder -

The mindrust indicator

10BTC he sold for $40,000 combined in March/April would now be worth $330,000.

Be smart, don’t mindrust!

I keep harping on about that:

Don't sell according to the price. Sell only when necessary.

It can be necessary to have sold at a "high" price to survive the depressing times of low prices, even if you don't need to (still have a job paying the bills, for example). And use that fiat to buy back during these lows. Of course it's still a gamble so only to do with a small part of one's stash.

[HairyMaclairy]

Nice.  Bought a little bit at $29.2k.  Daily RSI starting to look much more healthy.  We were over the Daily RSI 2017 peak for awhile which was making me uncomfortable.  

[Poker Player]

Well this is all rather special isn’t it.

Just remember, only sell when it really works for you. This bull run has only just started, we have so much more scope for price discovery.

Quick reminder -

The mindrust indicator

10BTC he sold for $40,000 combined in March/April would now be worth $330,000.

Be smart, don’t mindrust!

I keep harping on about that:

Don't sell according to the price. Sell only when necessary.

It can be necessary to have sold at a "high" price to survive the depressing times of low prices, even if you don't need to (still have a job paying the bills, for example). And use that fiat to buy back during these lows. Of course it's still a gamble so only to do with a small part of one's stash.

What I have done and will continue to do is only sell part of it when it reaches certain milestones. So I will always be invested in bitcoin.

That way you enjoy part of the profit while keeping the buying power in bitcoin, or you increase it even if the price keeps going up despite selling.

Although it is obvious that if you don't sell anything at all it will be more profitable

[soullyG]

Nice healthy correction has been on the cards for a while now, we've dropped the weekly RSI to less than 80 from the 93+ we had last week which is good

[AB de Royse777]

Still alive, thanks so much to everyone for your replies and merits. Good advices given that will help me get through this.

You don't fully realise the seriousness of COVID-19 until you get it. I still don't actually know if what I have is COVID-19, but symptoms point to that direction... Should do a test to find out. Until now I'm confined at home with zero contact with others.

Now on day 4 from onset of symptoms. By day 5-6, and if things get serious, I should be getting shortness of breath, at which point I should be admitted to hospital. If this does not happen, then it may be possible to fight this at home on my own. I hope so.

Please be very careful.
I had covid in the family and while we were looking after him the rest of the family were at risk. Family member died in hospital after a long struggle. He was in ICU and everything was done to cure him. He died on 24th November. After 3 weeks we all had chest X-ray and inaction were visible in the film. We are under treatment but thank god that we decided to have this X-ray. Family doctor suggested it actually.

No one in the family have sever condition but we are in medication and hoping the infection will be clean soon.

Please stay alert all the time. It's a disease not to be afraid of but to be alert and have awareness about it. Have vitamin C type foods, foods with Zinc. Also keep your body active.

Good luck bud.

Watch for lung damage.  My wife and I got Sick  Dec 31 2019 I shook it by Jan 31 2020.  She developed 2x pneumonia was hospitalized in Mid Jan 2020. She finally shook the infection in early march. Say 65 days.  But she has lung damage.  We have been trading her for it (damaged lungs for 10 months). She was hospitalized in OCT for a procedure to help the lung issues.

And finally she is improving with breathing.  Her O2 was as low as 87.

https://www.amazon.com/gp/product/B07QDMR6XK/ref=ox_sc_act_title_1?smid=A2W69QLKDNW5O5&psc=1.

 She now gets 97 to 99. Still lung scarring but using this lung exercising device

https://www.amazon.com/gp/product/B010MAF7GE/ref=ox_sc_act_title_1?smid=A2LYX7FKX6AP16&psc=1

after steaming with this device

 https://www.amazon.com/gp/product/B075FYVVFH/ref=ox_sc_act_title_1?smid=ATVPDKIKX0DER&psc=1


along with medicines has improved her a lot.

We had 115K in medical bills for her last year.  Lucky for insurance we paid about 6k of that. A lot better than 115k

2020 was a mother fucker of a year for us.

If you go for lung rehab do it after doctor approval. Make sure infections are gone.

Good luck to anyone that has covid-19 issues.

Yeah thanks buddy!
Luckily none of us has any problem with oxygen level yet. The Oximeter has always reading equal and above 99. We have the device even before the family member got sick.

It was unfortunate with the dead member. Even though we had the device, and he had a some temperature - we never thought that it could be corona. He did not tell us that he had fever until one day he felt very sick and could not stand. Then wife checked the oxygen level and saw it dropped to 92. That day we realised something wrong and immediately we managed oxygen at home. Consulted with the doctor, and they said to admit him in the hospital. The Next day we took him to the hospital. And after two days they took him to the ICU and after four days in ICU he died eventually. Everything was too quick that we still can not believe it happened to us. His lung was 71% damaged because of post covid pneumonia.

If he told us that he had this fever then we could have a different situation in the family.

Sorry to hear your story by the way. Lucky you that you had medical insurance but most of all your wife is better now. I hope 2021 will be a better year, and we live a worry-less life.

It's head to have covid infection and harder to have a family member who have covid. You can't just leave them alone when they need you. Take care you all Wall Observer guys.

Cheers,

[ivomm]

Well, this correction is still under 20% from the ATH I think, which is absolutely normal. I am glad that I unloaded my mined 3-year-eth bag this morning at 0.035BTC. For me eth is only a tool to mine BTC with gpus, which has a huge advantage compared to asic mining for my situation. I have no other interest in that shitcoin or any other.  Normally, I would immediately convert the mined coins to BTC, but in the previous 3 years, I was mining on break even or with a small loss when the prices fell to 0.016BTC. Now it all turned to a huge profit.