Quote from: aesma on July 23, 2021, 11:39:55 PM

Nice green dildo to start the week-end !

I have been wondering how BIG of a candle does it take to burn a few shorts?

Remember that we were just down to $29,296 about 2.5 days ago, so there may have already been a decent number of shorts that were already burnt - and surely there had been quite a bit of downity talk in the past two days----

Sorry for your loss elliottflz65.. hope you did not sell too much of your 0.21 BTC stash.... Well, not really. Tongue

Quote from: JayJuanGee on July 20, 2021, 09:53:17 PM

Quote from: elliottflz65 on July 20, 2021, 09:48:13 PM

I am new to the wall observer thread and I thought of something that could be fun as an introduction. You guys can decide when I next sell my Bitcoin. I will be reinvesting do not worry! Give me a number at which I should sell at and I will then reinvest when the next dip comes.

Sell ASAP.. (so around our current price of $29,750 or maybe $29,800, if you can get it) and reinvest around $19,666.. that was the high for the last period (would have been December 2017)..

For sure, 99.5% guaranteed, we are going below $19,666, but just to be safe and not too greedy, buy back at $19,666.

This is investment advice.

I know that it is a bit of wishful-thinking to get $10k or $12k in the next 24 hours or so.. or even to get 3x in the next 3 months, but based on some of our recent levels of FUD spreading, I could appreciate that enough shorting fuel has been created to incentivize the lower scenario.. and the more elaborate scenario of 3x in 3 months would just be for additional funzies... a kind of stair-stepping event.

Quote from: UnDerDoG81 on July 23, 2021, 11:53:03 PM

~~Traders~~ Influencers wrecked by bringing the price sub 30k. They still preaching 18k Cheesy

let's see. Might come. But trading in this market situation is nuts. Market could turn anytime and many who sold could miss the train.

Edit: I see Virtualbacon admits he got shaken out and believes 30k is bottom. Others could not admit. Was a fan of Elliot Trading. But as soon as he sold his stash, he started to manipulate his followers telling em bitcoin going to 13k. While he was talking about 300k while we were at 60k. Unsubbed from many of these guys.

The extreme down scenarios do inspire the placing of high leveraged shorts, so we might need to be thankful towards any of that fuel that has already been used and might still be present to get us a bit more of a weekend of reckening.. if such a thing might be possible?

I am NOT going to rest assured about the bottom (of $28,600) being "in" until we get above $46k - and more than a mere spike would be nice.

Quote from: UnDerDoG81 on July 23, 2021, 11:53:03 PM

Edit: Here is a bullish chart. Bitcoin is at its lowest in history.

Quote

The Stock to Flow (S/F) Deflection is the ratio between the current Bitcoin price and the S/F model. If deflection is ≥ 1 it means that Bitcoin is overvalued according to the S/F model, otherwise undervalued.

Yes.. thanks for that chart, UnDerDoG81. The chart shows that our current BTC price (or at least the price from a couple of days ago was at the greatest level of deviation from the stock-to-flow model, and for sure there are a lot of folks (likely prematurely) proclaiming the stock to flow model to be ded, and part of their justification for such ded proclamations of the S2F model is because the extent of the deviation (Plan B labels as deflection)... so we will see if it is really ded or not? We will see. jajajajaja