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1021
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Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
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on: November 16, 2019, 12:32:15 AM
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^ Talking about Gox.... any news on when they will distribute the coins/fiat? I would like to put that fiat to good use buying some more corn before the halving comes. Any chance?
Also it would be terrible if they keep delaying the distribution and decide to give out the coins at a much higher price. The sooner the better for everyone.
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1022
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Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
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on: November 15, 2019, 10:23:52 PM
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Well, talking about the old timers.
Jesse Livermore said that once you start counting on the market to do something specific that would allow you to buy a new house, etc, like "it would go to 100K in 18 mo", it always bites you in the proverbial ass. In 2017 NOBODY expected 20K when it was still below 1K in march or april, yet it happened.
That's exactly what worries me the most: Having so much hope that Bitcoin will get over the previous ATH sometime in the next couple of years as if it were an almost SURE thing... really scares myself and makes me wonder if I am just being naive/delusional. Also, the amount of hodlers that have plans to sell a significant percentage of their stash during the next bull run seems (maybe I am wrong) to be way bigger than previous times (where there were much less expectations). That alone would require huge liquidity on the buy side just to sustain the price. |
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1025
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Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
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on: November 15, 2019, 07:31:16 AM
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Last time I started to be worried and depressed we rallied from the bottom. Not sure if I feel depressed enough already... but it's not that far.
On the other hand I still think we are somewhat ahead on price schedule and that's probably the reason I am not so much worried.
As soon as I feel like the sky is gonna fall onto my head I will let you guys know so you can act accordingly. DYOR though.
I am starting to think we need one final capitulation event (which doesn't mean a lower bottom) before the halving rally. We will see.
HODL.
Somebody just needs to give away 50 BTC for Kryptonianus, who speaks in plural of himself (like an emperor). Everything will be fine after! The poophole references in this post were not intended, btw.
Please don't invoke that clown. It was funny the first few times, but not anymore. And please no more escrow offers either  |
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1026
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Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
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on: November 15, 2019, 07:10:01 AM
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Last time I started to be worried and depressed we rallied from the bottom. Not sure if I feel depressed enough already... but it's not that far.
On the other hand I still think we are somewhat ahead on price schedule and that's probably the reason I am not so much worried.
As soon as I feel like the sky is gonna fall onto my head I will let you guys know so you can act accordingly. DYOR though.
I am starting to think we need one final capitulation event (which doesn't mean a lower bottom) before the halving rally. We will see.
HODL.
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1029
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Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
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on: November 10, 2019, 02:02:09 AM
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How much must one bitcoin cost after halving to cover mining costs? Let's say in USA.
if you use the most efficient miner (S17 pro) and you use an average cost of electricity in US at 10c/kwh, then with CURRENT difficulty, you would be breaking even (without amortizing the miner) at about 9.7K/btc. Obviously, difficulty is likely to be higher in 7 months. $9.7K already for the most efficient miner? Wow... that's higher than what I currently thought. Of course I don't think mining farms pay nowhere near to domestic 10c/kwh but, on the other hand, they DO NEED to also amortise the machines and overhead costs or go bankrupt in the long run. |
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1030
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Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
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on: November 10, 2019, 01:51:42 AM
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How much must one bitcoin cost after halving to cover mining costs? Let's say in USA.
All factors being equal... one could say double than now (ie: $6Kx2=$12K). But factors are not and won't be equal. Hashrate, electricity cost, efficiency of new miners, cost of those new miners, overhead business costs, etc etc.... and more importantly which part of supply/FREE FLOAT is determined by mining sales. In the end it all reduces to supply and demand... and mining is just a part of that supply. Any PANIC/capitulation or FOMO/euforia phase can make mining costs completely somewhat irrelevant and disjointed from actual market price, at least in the short/medium term. In other words, hard to predict accurately and somewhat irrelevant for most purposes. |
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1034
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Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
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on: November 06, 2019, 06:40:25 PM
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Attila the Hun
Never forgive. Never forget.
Indeed, though I'm not sure which side you're coming down on in that. I have certainly not forgiven the Romans their many crimes of empire. Ynys Môn in particular sticks in my craw. I'd side against he Huns. I'll agree that the Romans weren't exactly saints either. Anyway, history is rarely black and white. Most or all of these historical figures existed in various shades of grey. Probably all of them just did what they had to do... or what they thought they had to do. Ain't always like that? |
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1036
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Other / Meta / Re: Wall Observer needs a recount
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on: November 06, 2019, 04:55:31 AM
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Would it be better if the Wall Observer thread is locked and a new one is opened ? Since the number of posts in it are more than usual we can create a new one Wall Observer 2020 starting next year and then moving forward make a new one each year.
da fuck have I just read?!?  |
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1038
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Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
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on: October 27, 2019, 01:56:42 AM
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Just looked that up, quite a long read. And yes, the UK does not charge an annual tax for property (land) like Austria (for example) does.
We limeys do pay Council Tax which is banded based on property value, however. As do we swedes, max 780 USD per annum and some properties are exempt, like some agriculture land for example. Around here (US) the tax is once a year, about 2% of the total property value (in my state) and the retarded part about it is that they tell you the exact tax at around Nov 15, but you have to shell out the cash by Jan 31. Most people escrow the estimated tax payment together with the mortgage, though. However, 2% is annoyingly high as they keep bumping the fake house prices up. Why fake? Because houses sell at the numbers that are lower than citi estimates suggest. 2% of the real market value of the property? Jesus.... what prices do have landlords have to set up to get some reasonable ROI then? The problem in that case is not that there is a tax but the ridiculously high rate it has. |
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1039
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Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
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on: October 26, 2019, 11:37:32 PM
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hmm council tax and business rates are almost exactly property tax by another name. bastards.
He said "to the government/state" (quoting from memory).  And not paying it doesn't mean they take your land, they will take a lot of other things and auction them of to get the money though, and whats left over will be returned to you. ^This. Plus the council tax is one of the few that make some sense.... ie: If you don't have any income you don't need to pay any taxes for that (income) but if you do have a property in the middle of an urban area you surely do benefit from having streets, roads, public lighting, garbage collection, etc all being maintained and paid by the council collected taxes. You can always go buy land in some remote area miles away from any urban place and pay no or negligible taxes. I would love to pay no taxes for sure but some things are reasonable (as soon as the tax-fee/benefit ratio is). I don't think it would be much different for a "seasteading community"... you could always place your seastead in the middle of the ocean hundreds of miles from anything.... but if some several individuals decide to create a joint community of seasteads they would probably organise themselves into some sort of council (even if informal) and pool resources/money to take advantage of sharing costs of common infrastructures (if any) or services. That doesn't mean you don't own your seastead. |
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