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

[itod]

El Salvador's President Nayib Bukele:

[1715189597]

1715189597

[1715189597]

1715189597

[ChartBuddy]

Explanation

[julian071]

Is it just me, or the world seems to be in a dark place, right now, psychologically?
The overall feeling of societal stagnation is in the air.
Maybe this is how people felt during the decline of Rome.
If we are in a similar historical point, the next few decades would not be pretty, I just hope that they would be mostly peaceful.

Strangely enough, I am very much discouraged, among other things, by the persistent silicon shortage (with regards to GPUs, mostly).
This was NOT supposed to happen in a true market economy, right?

Bitcoin is one of the true lights in the world now and, hopefully, it would survive and prosper during these tumultuous times.

This song catches that feeling really well: https://www.youtube.com/watch?v=ObOqq1knVxs&ab_channel=boburnham

[dragonvslinux]

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

[aysg76]

Others: I have bought electronic gadgets, gaming stuff, cameras and other stuff on this black Friday sale.
                        

VS

Me : I have bought btc at discount of 10-12% on this black Friday sale which was the best deal for me as this won't come up next time.




The btc prices have volatility and people selling is common but those who are selling it at loss are the one's who will later call it scam and all that bullshit but they are not seeing the past growth of bitcoin.Here is the index at each thanksgiving day :



You can see how it jumps from the the low levels and within these years it has managed to reach $56k at current even if we ignore $68k price tags as most of us are doing so but this dips doesn't mean it wall fall to zero? If it can rise when there were not too many supporters so do we believe it cannot rise when all wants to accept and invest in it.You see it your way btc maxamilist will enjoy it their way.

[julian071]

Everything "non essential" forced to close at 5pm daily in The Netherlands from Sunday because of the extremely dangerous deadly mutating Coronavirus.

Interesting comment I just read:

"Then we will just reverse everything. Go to the pub from 12pm-5pm and THEN go to work."

 

Stop lying and overexaggerate the situation. B.1.1.529 is not even active here, only 1 case in Belgium so far.

Hospitals are struggeling again with Delta patiens, doctors asked the goverment to take extra steps for some relief.

@BitcoinBunny the measures where not taken because of a new variant, but because infections are running rampant. I hear a lot of people around me who know people who are now infected, luckily all either young (kids) or vaccinated, so no one really ill (except for the nephew of a team member who died 2 weeks ago, but he had many prior medical issues). The hospitals are so overwhelmed now that all non-essential is halted and hospitals are preparing for the situation where even essential healthcare (e.i. care that has to be given immediately, or the patient will die) will have to be rationed. The husband of a friend of mine is a surgeon, he is now part of a commission that will have to make such life and death decisions.

All non essential care being halted is in itself bad enough. A friend of mine has cluster headaches (nicknamed suicide headaches) and he stopped receiving injections against that, he'll just have to deal with it. Just one little example.

Interesting thing in the NL is that we have been measuring the number of virus particles in the sewage water for quite a while now. It gives a nice objective view of how much Corona is going around and can be used to predict how many people will clog our health system two weeks later. See https://coronadashboard.rijksoverheid.nl/landelijk/rioolwater

[AlcoHoDL]

For those discussing about COVID-19, vaccines, etc., I've just posted something relevant in the other thread:

https://bitcointalk.org/index.php?topic=5362774.msg58546196#msg58546196

Real case, involving some of my dearest relatives. Read it if you like. Take it as you will.

[hisslyness]

For those discussing about COVID-19, vaccines, etc., I've just posted something relevant in the other thread:

https://bitcointalk.org/index.php?topic=5362774.msg58546196#msg58546196

Real case, involving some of my dearest relatives. Read it if you like. Take it as you will.

Sorry to hear about your uncle... so much to say, but it's not going to change the results...

[ChartBuddy]

Explanation

[AlcoHoDL]

For those discussing about COVID-19, vaccines, etc., I've just posted something relevant in the other thread:

https://bitcointalk.org/index.php?topic=5362774.msg58546196#msg58546196

Real case, involving some of my dearest relatives. Read it if you like. Take it as you will.

Sorry to hear about your uncle... so much to say, but it's not going to change the results...

Thanks. He was old, but in good health before the stroke and the COVID-19 infection.

What worries me more is about my cousin. I hope the virus clears away soon and there is no permanent damage to her health. I hope those close to her learn something from her ordeal, especially her brother.

[somac.]

Everything "non essential" forced to close at 5pm daily in The Netherlands from Sunday because of the extremely dangerous deadly mutating Coronavirus.

Interesting comment I just read:

"Then we will just reverse everything. Go to the pub from 12pm-5pm and THEN go to work."

 

Stop lying and overexaggerate the situation. B.1.1.529 is not even active here, only 1 case in Belgium so far.

Hospitals are struggeling again with Delta patiens, doctors asked the goverment to take extra steps for some relief.

@BitcoinBunny the measures where not taken because of a new variant, but because infections are running rampant. I hear a lot of people around me who know people who are now infected, luckily all either young (kids) or vaccinated, so no one really ill (except for the nephew of a team member who died 2 weeks ago, but he had many prior medical issues). The hospitals are so overwhelmed now that all non-essential is halted and hospitals are preparing for the situation where even essential healthcare (e.i. care that has to be given immediately, or the patient will die) will have to be rationed. The husband of a friend of mine is a surgeon, he is now part of a commission that will have to make such life and death decisions.

All non essential care being halted is in itself bad enough. A friend of mine has cluster headaches (nicknamed suicide headaches) and he stopped receiving injections against that, he'll just have to deal with it. Just one little example.

Interesting thing in the NL is that we have been measuring the number of virus particles in the sewage water for quite a while now. It gives a nice objective view of how much Corona is going around and can be used to predict how many people will clog our health system two weeks later. See https://coronadashboard.rijksoverheid.nl/landelijk/rioolwater

Thing is with the hospitals, we've had covid around for almost 2 years now. If our hospitals are still having issues this is because governments have been underspending on the hospital system for years pre-covid and in the last 2 years done very little to change that. In the meantime how many trillions have been handed to the world elites. IMO Current covid responses are a failure of government planning.

[hisslyness]

For those discussing about COVID-19, vaccines, etc., I've just posted something relevant in the other thread:

https://bitcointalk.org/index.php?topic=5362774.msg58546196#msg58546196

Real case, involving some of my dearest relatives. Read it if you like. Take it as you will.

Sorry to hear about your uncle... so much to say, but it's not going to change the results...

Thanks. He was old, but in good health before the stroke and the COVID-19 infection.

What worries me more is about my cousin. I hope the virus clears away soon and there is no permanent damage to her health. I hope those close to her learn something from her ordeal, especially her brother.

Close friend's grandad (80+) passed away in a similar scenario. Slipped and broke his hip, went to hospital and caught COVID from one of the nurses. Was in ICU and passed in less than 1 week.

I really don't want to get into the whole pro-vaxx and anti-vaxx shit. People will always see what they want to see. From the wise words of "Milhouse Van Houten", "THEY'RE LIKE TWO POSITIVELY CHARGED IONS"

One thing we should all be agreeing on is, with the tech available, we should be able to wipe this thing of the face of the earth! Shit we eliminated smallpox using cowpox pus, we killed bacteria with a fungi, all without the tech we have now...

[cygan]

a small reminder


https://satoshi.nakamotoinstitute.org/emails/cryptography/1/

[ChartBuddy]

Explanation

[hisslyness]

a small reminder


https://satoshi.nakamotoinstitute.org/emails/cryptography/1/

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...)

[LoyceV]

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).

[suchmoon]

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.

[ChartBuddy]

Explanation

[AlcoHoDL]

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).

That's what I thought he meant, but I couldn't be bothered to look it up. It means nothing practically. Just 0.0231 BTC short of 21M.

Less the currently unclaimed 29 BTC that suchmoon mentioned. So, still nothing.

The most significant supply reduction, that has a practical meaning, are the lost BTC (from lost keys, owners dying, etc.).

[hisslyness]

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.

Bingo! That's the answer!...

Back when i was mining, i had watched some blocks being added, and this particular block caught my eye.... It was confirmed but 12.5BTC reward wasn't added.

Block Number: 501726

Asked the question back in tech support and the legendary ranochigo answered it.

https://bitcointalk.org/index.php?topic=2667744.msg27213316#msg27213316

In theory, it is possible to have the limit of Bitcoin even lower than 21,000,000, if miners somehow screw up their OP_RETURN...

that -12.5BTC that i know about.. there are others, but it was New Years Eve 2017 and i wasn't bothered to find any previous ones.

You should take a look at the transaction... very strange

https://www.blockchain.com/btc/block/0000000000000000004b27f9ee7ba33d6f048f684aaeb0eea4befd80f1701126

184467440724.59550000 BTC in fees....

That's what I thought he meant, but I couldn't be bothered to look it up. It means nothing practically. Just 0.0231 BTC short of 21M.

Less the currently unclaimed 29 BTC that suchmoon mentioned. So, still nothing.

The most significant supply reduction, that has a practical meaning, are the lost BTC (from lost keys, owners dying, etc.).

Was just a bit of Pub Trivia....

It just makes you think, how we can and appreciate the reduction in supply, but the moment someone brings up increasing supply, we are ready to take them down!

We all understand what would happen to Bitcoin going brrrrrr....!