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41  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: March 12, 2021, 08:41:06 PM
“BREAKING: The value of Bitcoin and a raft of other cryptocurrencies fell briefly today after it was revealed a US financial authority – the Commodity Futures Trading Commission (CFTC) – was investigating the world’s largest trading platform.”

https://www.cityam.com/crypto-markets-hit-after-us-authorities-look-into-binance-exchange

The US government is becoming increasingly hostile towards its own citizens. This won't end well.
42  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: March 12, 2021, 11:56:49 AM
Today is the mindrust day. One year ago, on that evil day, mindrust panic sold all his 10BTC stash for $4000 - the average price he has bought his stash. He had twice that sum in fiat, but instead of buying at these incredibly cheap prices, he decided to buy USD, monero and other shitcoins. His ghost reportedly appears still on bitcointalk topics arguing that his decision was right. To him and others fallen comrades by the poison of Peter Schiff's kinda FUD, a minute of silence.


Happy mindrust day brethren! Hodl strong!  Cool

I disagree with this way of thinking. All of us have to make our own financial decisions. Sure, his move was stupid but leave the poor guy alone. Everyone has the right to move on.
43  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: March 12, 2021, 11:54:41 AM

And we (TINW) need to stop thinking in terms of dollars.  We (editorial “we”) know that 1 BTC = 1 BTC; but what is a dollar worth?  A dollar must be valued in sats.  We (royal “we”) therefore decree by fiat that henceforth, we shall quote sats/USD as we observe dollar sell walls.


Bitcoins value should be measured in Gold instead.

1 BTC ~ 942.322 gm
1 BTC ~ 33.239 oz

One of the most obvious similarities between gold and Bitcoin is the cap on the quantity available. Whereas fiat money can be printed into infinity, both gold and Bitcoin have specific restrictions on the amount that can be introduced into the economy. For Bitcoin, there is a 21 million bitcoin limit, As for gold, the yearly new supply is limited to around 2,500 tons.”

https://www.buybitcoinworldwide.com/bitcoin-price-in-gold/

You mean gold should be priced in BTC, the lesser does not dictate the greater.
44  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: March 09, 2021, 11:54:25 AM
A 2017 fractal update.  We are doing fine.



Can you show how it lines up going forward? Also, do you have one for 2013?
45  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: March 08, 2021, 06:55:57 PM
Coins still leaving exchanges. What are they up to?

https://twitter.com/btc_archive/status/1368979466798694402?s=21

Hodling. Smart people don't leave coins on exchange.
46  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: March 05, 2021, 04:35:31 PM

Candidate for a poll:

What's your average Bitcoin buy price?

< $1
$1 - $10
$11 - $100
$101 - $1,000
$1,001 - $2,000   <--- I am here.
$2,001 - $5,000
$5,001 - $10,000
$10,001 - $20,000
$20,001 - $50,000
> $50,000
I don't own any.
I mined it all.
I mindrusted it all!


Freeroll (cashed out more than I put in)   <--- I am here.
47  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: February 25, 2021, 10:56:46 AM
Cøbra, the admin of bitcoin.org tweeted this

https://www.twitter.com/CobraBitcoin/status/1364582843796578307


Quote
A while ago Craig threatened to "bankrupt" and "destroy the lives" of developers. Today, some of Bitcoin Core's longest and most talented developers are getting sued by him. He's trying to drive them away, bully them, and ultimately tie them up in nonsense litigation.

Quote
If you hold Bitcoin, you need to seriously start campaigning to get BSV delisted everywhere. And fight back *hard* against this rubbish. If he scares away our best developers, and distracts them with legal rubbish, he's hurting Bitcoin's technical progress.

Quote
We need to make noise, and make sure the people contributing to Bitcoin Core don't get bullied by this man. It won't ever end, the next thing will be patent trolling, or some other kind of legal bullying. Enough is enough. BSV *has* to be removed from every exchange.


CSW truly is rat poison squared.

Lawsuits can actually bankrupt and destroy lives of innocent people. This is very sad. The saddest part though is thinking that any node or miner would run a version of the software that gave anyone access to coins they don't have the keys to. Anyone running such software would be running a fork of BTC and the coins he got access to on this special version would be worth $0.

Will CSW sue the whole planet next to get them to run his personal version of bitcoin that gives him special access?

The stupidity is astounding. Hey CSW, do you even bitcoin bro?
48  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: February 25, 2021, 01:16:48 AM
i feel like i will be kinda disappointed if i actually make money on gme..
Well, disappointed is overstating it slightly, in my case.
I considered GME as a crazy diamond hand training exercise.

it's $154.36 after hours trading currently. wish I had bought. CFO has quit today.

$172 now. It's going parabolic

Got a site to watch after hours without insane delays?


@lightfoot I'm not following you on the prison thing, and a search didn't help much. Was it a joke or what's the deal?

I'm just using Yahoo. Seems pretty accurate. Sometimes have to reload the page though. Trading does get halted quite often when prices are moving like this.

https://finance.yahoo.com/quote/GME
49  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: February 24, 2021, 11:59:12 PM
i feel like i will be kinda disappointed if i actually make money on gme..
Well, disappointed is overstating it slightly, in my case.
I considered GME as a crazy diamond hand training exercise.

it's $154.36 after hours trading currently. wish I had bought. CFO has quit today.

$172 now. It's going parabolic
50  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: February 24, 2021, 09:41:09 PM
Performing like a shitcoin:

https://finance.yahoo.com/quote/GME
51  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: February 23, 2021, 02:20:45 PM

Are you seriously coming back to this thread after all this time to start this shit again. Fork off!

Checks for admin or mod flair. Observes none. Disregards gatekeeping attempt.

Some people get really uncomfortable hearing views which don't agree with their own. It's the curse of this age.

Not sure what any of that means but these things have been discussed thousands of times already on here, but you already knew that. I'm not going to dredge up old arguments to satisfy your sadistic obsession with the topic.
52  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: February 23, 2021, 01:56:49 PM
necessarily small.

Please show your working. Also please explain how "necessarily small" has been updated to include up to 4MB of segwit data (while only apparently managing 0.3).

This dead horse needs to be left alone.

People with weak arguments tend not to want to have to justify them.

I said that fees were artificially high and I've justified my position. I'm happy to leave it there if others are.

Are you seriously coming back to this thread after all this time to start this shit again. Fork off!
53  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: February 23, 2021, 02:58:40 AM

i too am fine with the current setup of small blocks. i want to be able to have my own local copy of the blockchain to verify transactions and holdings for myself. so occasional transfers where i dont mind 1 percent say or 100 buck fees to move something. but sooner or later its gonna be a whales only game with full blocks with large enough transactions where like say a minimum $20k USD miner fee will price plankton like myself out.

The blockchain is currently 320GB. Take your $100 and buy yourself a 4tb hard drive and store some porn on the free space.

Bear in mind that many, many bitcoin users do not verify their blocks themselves (including myself. I powered down my full node a couple of years ago). you are asking them to support your need. Do you actually run a full node yourself BTW? I found it was providing no benefit and simply the fact that I *could* if I wanted to was good enough for me.

Either way, fees are artificially high. Which is what I'm saying.

There is a very good reason for keeping the blocks small, therefore fees are not "artificially" high. They are as high as the free market determines they need to be to keep the blocks necessarily small. This dead horse needs to be left alone.
54  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: February 19, 2021, 05:18:45 PM
https://finance.yahoo.com/news/okcoin-delists-bitcoin-cash-bitcoin-150000460.html

OKCoin Delists Bitcoin Cash, Bitcoin SV to Avoid ‘Misleading’ New Bitcoin Clients

https://www.coindesk.com/okcoin-delist-bitcoin-cash-bitcoinsv-misleading-clients

... ouch for shitcoins eh..

A few years late if they were worried about misleading people.
55  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: February 16, 2021, 03:45:19 PM
supply crisis is in.



It's not a "crisis". It's by design.
56  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: February 14, 2021, 06:18:43 PM
$1m per coin before 2030 and it will up another 10x from 2030 to 2040.



Too bearish, that would mean all current patterns break and some new dynamic takes over to delay everything by 10 years.
57  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: February 11, 2021, 04:21:56 PM
I hope they learnt a lesson with GameStop!

I doubt it. Apparently Congress showed more interest in hearing the guy called DeepF_Value (the reddit poster who started it all) rather than shedding light on the shit that went on between RobinHood and one or more clearing houses.

Exactly, basically Robinhood got margin called for 3 Billion even though most of the buyers on Robinhood were cash buyers and nearly every position on Robinhood was in profit at the time.

The clearinghouse is working for the hedge funds and margin called the wrong side of the trade. Will this fact make it to congress and will they do anything about it? No.
58  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: February 10, 2021, 04:25:27 PM
If wealth taxes start being egregious, it might be time to consider an exit. Lots of countries where your money will go a long way.

here in the USA to renounce your citizenship (and thus never pay taxes to uncle sam again) you need to pay the exit tax on the entirety of your net worth. dont recall the percentage but 30% sticks in my head for some reason.
Anybody got a link?

It's not net worth, it's your unrealized gains and only if you're worth more than $2million

https://www.irs.gov/individuals/international-taxpayers/expatriation-tax
Thanks for the link.  quote
IRC 877A imposes a mark-to-market regime, which generally means that all property of a covered expatriate is deemed sold for its fair market value on the day before the expatriation date.  Any gain arising from the deemed sale is taken into account for the tax year of the deemed sale
That's pretty evil.  I understand they're doing it to keep people from walking off with huge gains, but it's evil.  You pay cap gains, your assets drop in price, and you're screwed.  You just paid tax on non-existent gains.

I think they adjust the gain once you actually realize it and you can defer the payment of the tax due until you realize the actual gain by securing a bond. I don't think it's too bad. You're just paying for your existing gains that you would have paid capital gains on at some point anyway and starting fresh as a non-citizen. It's not like you owe capital gains and a separate exit tax. It's the same thing.
https://www.irs.gov/irb/2009-45_IRB

There is really no reason to renounce US citizenship for tax purposes though as long as you can still move down to Puerto Rico and get a 0% tax rate on capital gains under their Act 60 program. If that program goes away then yeah, renouncing is the only other option.
https://relocatepuertorico.com/
59  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: February 10, 2021, 02:49:57 PM
yep... yesterday 6k on coins are flown out of f2pool



There are millions of market participants and 6k coins is nothing compared to the whole market. If they want to sell at 1/10th of the cycle top, let them. There will either be buyers at this price or there won't. In the long run, it doesn't matter.
60  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: February 10, 2021, 02:38:59 PM
If wealth taxes start being egregious, it might be time to consider an exit. Lots of countries where your money will go a long way.

here in the USA to renounce your citizenship (and thus never pay taxes to uncle sam again) you need to pay the exit tax on the entirety of your net worth. dont recall the percentage but 30% sticks in my head for some reason.
Anybody got a link?

It's not net worth, it's your unrealized gains and only if you're worth more than $2million

https://www.irs.gov/individuals/international-taxpayers/expatriation-tax
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