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

[jojo69]

[ChartBuddy]

Explanation

[suchmoon]

Good advice. Make sure to call Bitcoin a ponzi and tell everyone that you've shorted it with 100x leverage. OPSEC.

[bct_ail]

I do prefer

Weekendpumps

[sirazimuth]

Does anyone have a link?

https://www.teepublic.com/hoodie/16787400-ho-ho-hok-boomer-ugly-christmas-sweater-ok-boomer?feed_sku=16787400D4V&utm_source=google&utm_medium=shopping&utm_campaign=%5BG%5D+%5BG.NAM%5D+%5BL.ENG%5D+%5BGEN%5D+%5BC.Hoodies%5D+%5BPLF%5D&utm_id=notset&utm_content=ok+boomer

uh oh, one of those spammy long links. Sorry bout that. It works for me, not sure if it will for you, Arrie.
 (Hey Mods, I promise I'm not spamming.)

[ChartBuddy]

Explanation

[dragonvslinux]

Price just closed below the 200 Day MA for the first time since September, not a good sign by any means. It suggests $46K won't hold either, despite attempts to save it:



On shorter time-frames price was harshly rejected by selling pressure, despite buyers stepping in to defend $46K, only to turn local support into new resistance:



Next stop looks like the $45K buy wall that's growing. The $40K buy wall is otherwise starting to take form, but one step at a time:



$44.4K is the last fib retracement level, the 0.382, but given the current price structure I wouldn't be too hopeful it will now hold.
Retesting $40K range, like many have expected, is looking increasing likely, unless price can quickly reclaim the long-term MA.

[HI-TEC99]

I do prefer

Weekendpumps

[Bitcoldcash]

https://hardforum.b-cdn.net/data/attachment-files/2021/11/544236_Screenshot_20211127-105923_Chrome.jpg

"Crypto"?  What the fuck is that?

Jojo.. you gotta know better, no?

Hasn't no one learnt you nuttin properly yet?

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.

Where can I send my crypto?

I feel like over the years, we've seen these kinds of accounts come and go.

They come in, talk a big game about buying Bitcoin because libertarian ideology and how they are going to hodl forever.

Then in just a short time they quietly hit some pitiful goal and sell all, or quietly panic sell all.

Then they disappear from the forum, never to be heard from again.

Bitcoin has also been around a little while now. Many members of the community have passed away due to various issues. Some have gone to prison or fallen ill. I doubt it’s always about the money alone. While I’m sure there are plenty of people who have cashed out and are out living their dreams, I don’t know if we can assume that’s everyone’s story.

Ultimately, I agree with you OgNasty in respect that there are a considerable number of stories out there, but seems to me that Torque is expressing a certain amount of legitimate skepticism regarding whether some accounts are actually being genuine with us in terms of their actual stories.... and also there is a certain level of dumbness that comes through the average JoeBlow, even if he is being genuine... come into bitcoin and acting like he has some kind of BIG plan while at the same time lacking in a lot of fortitude and stay-with-it-ness .. in terms of actions speak louder than words.. and talking a BIG game is not the same as actually sticking with the plan without whimping out along the way.

[jojo69]

Bitcoin Is The Perfect Option, And Central Banks Will Have To Buy In

In essence, it has heretofore been assumed that the Fed would always be there to rescue markets. The tool chest includes quantitative easing, asset purchases and interest rate relief. But what happens if these tools do not work in the future? What happens if the market loses all confidence that continuously kicking the can down the road is only delaying an inevitable collapse, and that collapse starts to happen and cannot be stopped by any of the Fed’s tools?

A suitable form of insurance in this catastrophic event would have to be an asset that is not fiat based. It would be an asset that is “short” credit on all fiat currencies, that is not centralized, and that is portable and transferable over time and space on payment rails that are not controlled by the legacy financial system. Enter stage left: bitcoin.

A “put on a put” becomes a second derivative position. The Fed has essentially sold a put to the market. As the seller of a put, the Fed would use a technique called “delta hedging” in order to manage risk. If you recall from the explanation of “gamma” in “part one,” if the Fed is exposed to the gamma squeeze, in the event that the tools of the conventional Fed put do not work, and investors rush to exit traditional assets, what is the Fed to do? We argue that the Fed would have to buy the “put on the put,” i.e., the Fed would have to buy bitcoin.

This opens an interesting game theory conundrum. When the global markets (finally) figure out that all central banks are also counting on the Fed put, and since all other global central banks will fail before the Federal Reserve fails, then shouldn’t all other central banks commence buying bitcoin as soon as possible? Moreover, when the Fed does the same exercise and realizes it could be forced to buy bitcoin in a catastrophic leverage unwind — gamma squeeze — that cannot be stopped by any Fed fiat action, perhaps it would be wise to start buying bitcoin in the here and now, too.

[JayJuanGee]

[edited out]

I just tracked the PayPal holdings which would be all that I would sell since they cannot be pulled out as BTC

third account is at 762 . A   3 dollar short term loss  if I sell it all today. But if I wait till  Dec 23 2020 I started with 100 at  30k so I could shift almost 150 of the 762 to long term. and the remaining 612 would be about a 53 dollar short term loss.

second account is  1105 at a 234 gain, but 125 was purchased at 30 k  and is past a year so that is around 188 of the 234 gain the rest about 46 is short term


first account is 2659 at 359 gain 167 is long term which is worth 250  so not worth selling


But looking at the three accounts the third one is going to be sold off maybe tomorrow. Since it does offset the other sales at profit a bit

I think I keep account 1 and 2.

It seems a bit strange to me to be dickering around with such small amounts, and surely there can be some advantages to being married and filing jointly in these circumstances because it seems that if you are filing jointly, then you would not even begin to pay any capital gains unless your joint taxable income is above $80,800.... so with the numbers you are talking about, it just seems too small to matter very much.  Of course, if you are filing as single the threshold is pretty low.. at $40,400.. so the exemption to tax on Capital gains may ONLY have limited application, but seems that when you are talking about amounts that are under $10k or even $20k, then maybe you might end up qualifying to have some of your capital gains to come in with that first level of exemption..

[philipma1957]

[edited out]

I just tracked the PayPal holdings which would be all that I would sell since they cannot be pulled out as BTC

third account is at 762 . A   3 dollar short term loss  if I sell it all today. But if I wait till  Dec 23 2020 I started with 100 at  30k so I could shift almost 150 of the 762 to long term. and the remaining 612 would be about a 53 dollar short term loss.

second account is  1105 at a 234 gain, but 125 was purchased at 30 k  and is past a year so that is around 188 of the 234 gain the rest about 46 is short term


first account is 2659 at 359 gain 167 is long term which is worth 250  so not worth selling


But looking at the three accounts the third one is going to be sold off maybe tomorrow. Since it does offset the other sales at profit a bit

I think I keep account 1 and 2.

It seems a bit strange to me to be dickering around with such small amounts, and surely there can be some advantages to being married and filing jointly in these circumstances because it seems that if you are filing jointly, then you would not even begin to pay any capital gains unless your joint taxable income is above $80,800.... so with the numbers you are talking about, it just seems too small to matter very much.  Of course, if you are filing as single the threshold is pretty low.. at $40,400.. so the exemption to tax on Capital gains may ONLY have limited application, but seems that when you are talking about amounts that are under $10k or even $20k, then maybe you might end up qualifying to have some of your capital gains to come in with that first level of exemption..

Paypal was always a flyer. Not for investing as much for advertising.

But It serves to illustrate what can be done with multiple accounts.

[ChartBuddy]

Explanation

[jojo69]

[somac.]

A end of year santa rally would be nice right about now, not liking these 40s, 50s is where its at.

[somac.]

https://twitter.com/ultravirtu/status/1471883108945469446

[HI-TEC99]

[somac.]

[ChartBuddy]

Explanation

[BitcoinBunny]

Pretty good.

I still don't get the fascination at all.

I mean I would much prefer to hang this type of art on my wall


or if I wanted to help out an artist that deserved some money from huge effort I'd also prefer one of her pieces (drawn by foot):



over this piece of crap:


Wouldn't even use that as toilet paper.

But that's just me.