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

[BitcoinBunny]

How to open a door - Finnish instructional video from 1979

https://www.youtube.com/watch?v=Wof0xPUmW38

How he actually goes through the door in the end seems really weird or is it just me?
I've never entered a door with the smallest gap possible and turned around in one movement like that, as far as I remember.

Maybe I've been doing it wrong?  

That's why videos like this one are so important, like it says in the video, most people do it wrong.
After finding this video I have significantly improved my door opening skills, I will never be as good as that man though, he is obviously a professional.

Love the comments.

Does he have one showing how to open a door for others?
I seam to be slamming them behind me.
Clearly very skilled and I would like to impress on my other half by becoming more proficient myself. /s

Apparently this is what youngsters get up to these days:
https://www.youtube.com/watch?v=EmB5MThS3ao&ab_channel=TiktokViralFeed

 

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[ChartBuddy]

Explanation

[El duderino_]

My man

[serveria.com]

Ultimately I think Covid itself is going to take care of it disappearing / possibly already has done that: mutating into a less deadly strain and that's that.
I can believe the vaccination helped many people from dying, certainly those with a compromised immune system.

I totally agree.

Were all the lockdowns / mask wearing / vaccinating healthy people necessary? I have my doubts.
I can take part in all that as that is what is required in many places by law but still have those doubts.

We will never find out what it would be like without the restrictions. But I know that if it helped to save even a single person from death or severe illness it can be justified.

[xhomerx10]

 I could barely see that!  Can anyone tell me that that tiny graphic is all about?

[serveria.com]

My man

This guy has some elephant-sized balls! 

[cAPSLOCK]

I have not cast many  pearls really, because people do not listen to you, and it's a waste of time. 

yup, same experience here, waste of time.
Any thoughts on why?

guessing: friends with a history of poor judgement and short term thinking suddenly change their habits for "magic internet money"
 
Maybe Bitcoin and Marilyn are best unmentioned unless friends pass the marshmallow test?
https://en.wikipedia.org/wiki/Stanford_marshmallow_experiment

I boggles my mind, frankly.  I have been telling some of them since 2011.  Much less now than then, lol.  But those folks just keep saying things like "You still havent sold that idiotic bitcoin?  Still going down with the ship, I guess?".

I have another buddy who only wants to invest in "value stocks". But enjoys vicariously living through me as a "Bitcoin investor".  I have tried to explain to him that trying to store value in stocks, is like keeping all your bills and records still on paper and in the mail.  But he never quite gets it.

So mostly now I just smile and nod when folks tell me that some day I will be sorry when the whole thing comes crashing down...

[fillippone]

My man

This guy has some elephant-sized balls!  

The main point is he used not his own money, but investors' money through their ATM facility program. Which is now terminated.


I already updated my specific thread.
More info in my thread here:

MicroStrategy Buys $250M in Bitcoin, Calling the Crypto ‘Superior to Cash’

[shahzadafzal]

My man

This guy has some elephant-sized balls!  

More like elephant-sized brain!

Well he’s the one more open and forefront but I’m sure there’re many gobbling up like him but behind the curtains.

[ChartBuddy]

Explanation

[fillippone]

On a less serious note:

No more Lambo for me.
Now Fillippone is only :

When Lambo Branson?

I used to think kitesurfing is the most entertaining thing you can do with clothes on, but I was wrong, apparently.

[BitcoinBunny]

MicroStrategy.

124,391 BTC

~

$5.9 billion

Stock market-cap of the company:
$6.251 billion

The stock price seems undervalued considering before they started to buy BTC MicroStrategy's market-cap was already $1.5billion.

For anyone not wanting to own BTC directly for whatever reason (storing keys or whatever) buying MS shares seems a safe bet at the moment.

[ChartBuddy]

Explanation

[cAPSLOCK]

OK!  Knock knock dead on the line...  



Not looking great...

Last chance for a bounce before lower lows? Not as convincing as when previously at $46K levels. This is either the re-test of support, or the rolling over stage.

Otherwise with price getting rejected by $48K as is currently the case it opens the door for $46K and lower.

Back above $48K (volume point of control & 50 Week MA) and my mid-term bullish bias returns. The year ends tomorrow.

Likewise if the year closes below $48K support, price might be in trouble.

Should probably have extended this to end of week, but without price bouncing back by tomorrow, sounds about right now.

Well look at that!  Seems we got a decent bounce.  But now the question is what next...  the volume and all the other signs are pointing to breaking down.  And being the last day of the year coming up you would think the bears and bulls have a little shenanigans planned for the next 24-48... SUCH FUN watching the walls!

[cAPSLOCK]

How to open a door - Finnish instructional video from 1979

https://www.youtube.com/watch?v=Wof0xPUmW38

Evolution...

[Torque]

The.Book.of.Boba.Fett straight up retarded beyond description and literally stole storyiine from John Carter Warlord of Mars.

It's made by Disney, so what do people expect. Probably chock full of woke feminist bs too.

Disney has really screwed the pooch with Star Wars. I expect that they will ruin any decent IP that they get their hands on.

The only good SW movie of the Disney era was Rogue One, and Kathleen Kennedy hated both the movie and the director. So that speaks volumes.

[Torque]

@bitharington
2021 was important for Bitcoin. All the famous Bitcoin influencers, the TA accounts, the on-chain accounts: Everybody was wrong, everybody was too bullish. 2021 showed how everybody is clueless. Long term Bitcoin goes up, and that's it. We're all equal. All we need more patience.
https://twitter.com/bitharington/status/1476183257549058051?s=21


@scottmelker
Trader schizophrenia is real.

The same people in my feed who were bullish at resistance a couple of days ago are posting endless bear porn now at support.

It's a great window into the psychology of humans and the reason that almost all traders fail.
https://twitter.com/scottmelker/status/1476194013082492937?s=21

Bitcoin makes it's biggest, fastest gains when no one is paying attention any longer, when no one cares. (Look at Sept 2020 to Jan 2021.)

When they all start FOMO jumping on the bull bandwagon in unison is when the price disappoints.

That is why I said that this market likes to make "a fool of the bulls". I didn't mean long term bull HODLers, I meant the short term get-rich-quick daytarders who get made out as fools.

[cAPSLOCK]

@bitharington
2021 was important for Bitcoin. All the famous Bitcoin influencers, the TA accounts, the on-chain accounts: Everybody was wrong, everybody was too bullish. 2021 showed how everybody is clueless. Long term Bitcoin goes up, and that's it. We're all equal. All we need more patience.
https://twitter.com/bitharington/status/1476183257549058051?s=21


@scottmelker
Trader schizophrenia is real.

The same people in my feed who were bullish at resistance a couple of days ago are posting endless bear porn now at support.

It's a great window into the psychology of humans and the reason that almost all traders fail.
https://twitter.com/scottmelker/status/1476194013082492937?s=21

Bitcoin makes it's biggest, fastest gains when no one is paying attention any longer, when no one cares. (Look at Sept 2020 to Jan 2021.)

When they all start FOMO jumping on the bull bandwagon in unison is when the price disappoints.

That is why I said that this market likes to make "a fool of the bulls". I didn't mean long term bull HODLers, I meant the short term get-rich-quick daytarders who get made out as fools.

This particular moment has been extremely fascinating to me.  Because it's like a bunch of children have been waiting all year for Christmas to come, and on the day they ran into the room with the tree... and nothing.  No tree.  No presents... nothing.

This is a first for the class of '17.  All of them talking about cycles and making bullish prophecies.  But forgetting that as soon as the majority expect a thing in a market, the market typically will punish them because smarter folks are taking the other side of that trade.

The fact that this whole disconnect happens around the end of the year makes it all the more sweet/disgusting.  Because bitcoin does not give a flying fart about 2021, or 2022.  

Here is where we are currently... It will no longer be valid by the time most read this.

[tertius993]

MicroStrategy.

124,391 BTC

~

$5.9 billion

Stock market-cap of the company:
$6.251 billion

The stock price seems undervalued considering before they started to buy BTC MicroStrategy's market-cap was already $1.5billion.

For anyone not wanting to own BTC directly for whatever reason (storing keys or whatever) buying MS shares seems a safe bet at the moment.

Not sure their underlying business is in very good shape - looking at their latest quarterly results: recurring revenue (very important for a software business) is down year on year; operating losses are up year on year, losses per share has more than doubled.  Most critically they are now highly exposed to bitcoin volatility, and that will almost certainly far outweigh the contribution of their core business.  I suspect the business focus is now prioritising bitcoin acquisition above anything else.

[ChartBuddy]

Explanation