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

[JimboToronto]

Will the Chinese BTC mining pools be shut down?

Why would they be? The PBoC isn't anti-Bitcoin. It's all about capital controls and money leaving the country. Mining is productivity.

I wouldn't be surprised if the PBoC themselves got into the BTC/CNY exchange business. They could limit BTC withdrawals within the current foreign exchange limits, steal the big three's business, and make tons of money.

Why outlaw something profitable and create a black market when you can legalize it, monopolize it, and tax it? Kinda like Justin Trudeau's cannabis biz or what's happened in some US states.

[1714491791]

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[1714491791]

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[1714491791]

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[JayJuanGee]

^This place is turning into r/BitcoinBums. It's undignified.

What do you mean?

if you are contrasting r/bitcoin as compared with r/btc, then r/bitcoin is the normal and sane discussion of bitcoin related topics. 

If you believe that some injection of retardedness, fantasy and bullshit shilling is necessary, then you would suggest that r/btc is the more "normal" group that is engaged in their constant and ongoing distractions, off-topicness, personal attacks, pettiness and unnecessary and ill-justified attempts to sabotage bitcoin.

I understand some folks drink the nutjob koolaide, and attempt to assert that it would be "more fair" to inject more nutjob fantasy thinking into normal and regular discussions about bitcoin and its direction... a kind of subtle attack on bitcoin and fantasy way of thinking.

[conspirosphere.tk]

Why outlaw something profitable and create a black market when you can legalize it, monopolize it, and tax it?

I have to stock on popcorn for when they will expropriate Jihan Wu & C. I guess BitCHcoin will become the new CHinacoin then.

[cmacwiz]

Random tax question: If I give my bitcoin to invest in a start-up, such that it's valuation is determined by by my investment, then can how are capital gains determined? I am not selling it for cash, or trading it for real goods with a tangible value. I do not think the legal machinery is established to say that at the time of investment (in this hypothetical start-up), my capital gains are determined by the USD average exchange rate of all all US bitcoin exchanges, especially if I have some contorl over the valuation of this start-up...

[Ludwig Von]

Why outlaw something profitable and create a black market when you can legalize it, monopolize it, and tax it?

I have to stock on popcorn for when they will expropriate Jihan Wu & C. I guess BitCHcoin will become the new CHinacoin then.

It is already done. And they wil not close the miners. Only, BTC will be produced for export exlusively. The BitCHcoin probably will be traded in Yuan also.

[Last of the V8s]

^This place is turning into r/BitcoinBums. It's undignified.

What do you mean?
if you are contrasting r/bitcoin as compared with r/btc, then r/bitcoin is the normal and sane discussion of bitcoin related topics.  
snip

No I think he was talking about micgoossens' competition! Mike's already said he'd make a separate thread next time. And someone else sensibly imv suggested no noobs allowed ...

[Punisher1314]

BCH pumping like hell... McAfee took too much "bath salts" after the today's meeting?  

[jojo69]

can we at least tolerate a couple announcements here of the next game?

this is the only thread I watch

[Meuh6879]

Try ... and you see.

[Last of the V8s]

can we at least tolerate a couple announcements here of the next game?

this is the only thread I watch

seconded

[Arriemoller]

can we at least tolerate a couple announcements here of the next game?

this is the only thread I watch

seconded

Thirded

[JayJuanGee]

Therefore, our question becomes do we reallocate based on that kind of investment that is way more allocated than what we had originally created.

Dump BCH holdings entirely for a considerable windfall.

Take out whatever fiat you need / want to be silly with, convert the rest to BTC. Heck. Take all the BCH-turned-fiat and reinvest into traditional holdings if you're less risk-averse.

In 2020, at the block halvening, I'm thinking of dumping $1M worth of BTC (hoping it's near $10k USD/BTC at that point), and seeing how long I can live off that, after giving Uncle Sam his 40% cut.

I think that the BCH distribution is a bit of a different question.  Sure, it had the potential to increase our BTC holdings in the neighborhood of largely 8% to 15%, and sure there was a likely individualistic question about whether that windfall should be converted into BTC or fiat or some combination of the two.  I personally converted it into BTC - but I think that it caused me to cash out a bit more of my BTC, so in the end, the distribution within by BTC investment remained somewhat constant (in the 92% to 94% category).  Actually, if you recall, BTC prices rose about 90% after the BCH fork, but then corrected down from there, and without BCH, probably, my investment in BTC would have come down to nearly 90% with such a price rise - however, the issuance of the BCH seemed to allow me to maintain a bit higher BTC allocation - in spite of BTC's price going up so rapidly... and sure, now we are only about 50% up from that post-forkening split (from $2600-ish to $4k-ish).  So how to treat the BCH distribution seems to be a slightly different question.

I think that you can have a few predetermined price points that you would like to skim off some cash from your BTC holdings, and I think that it is safer to consider those in terms of price points, rather than in terms of timeline, even though timeline does have something to do with making tentative determinations about whether you might conclude that the price has gone up too quickly and is due for another correction.... so I guess my point is to let the price dictate (somewhat) your skimming out profits rather than some specific date (although I understand that within a year, there could also be some flexibility regarding when and how exactly, you skim off those BTC profits).

If I had allocated money into BTC at 50% or some outrageous amount,  then maybe I would feel a little nervous, but since BTC price appreciation brought my 10% to 15% BTC allocation to a bit more than 50%, I don't really feel any urgency to cash out.  Furthermore, I think that some of my lacking of urgency has been my practice to skim out profits all the way up from $250 to $4980, and in recent times, I have been skimming out a bit more and causing a bigger storage of nuts - so some of that might be used to buy back on dips, but I am thinking that some of it will just be there for me to spend on whatever the fuck I want.

So, possibly my thinking has been evolving a little bit more on the topic, especially given our 2017 burst upwards in prices and also what seems to be ongoing bullishness that puts us HODLers into the bird's seat.  So, my thinking in more recent times, has been to skim out a tiny bit more of the profits than what had been my previous practice, just to have those profits available for "me", and it seems that I still have plenty of money to buy back bitcoin on dips.. just to keep that extra on the side "me" money.

So maybe I would feel a bit more urgency to reallocate into fiat or some other investment, if I had not already been skimming out profits, and/or if I really perceived that bitcoin were in some kind of bubble - which it really does not seem to be.. Our price growth in this cycle has been quite a bit less steep in this time around with plenty of corrections along the way, which causes some ongoing thoughts that at some point we are going to experience a more steep and a more exponential cycle up.. and at that point, it could be prudent to skim off a bit extra (even though I refuse to go to zero - so if I cash out 50% of my coins, that would be pretty fucking extreme for me - especially since my so far practice has only caused me to cash out about 5% in any one short period).

[JayJuanGee]

Could be the money. JJG is insufferable now.

I have to look up what is "insufferable?"  Anyhow, you could not have too much money, since you had bought at the top and sold at the bottom... so maybe you are "breaking even" with your strategy of trying to gamble and betting on propaganda of r/btc..?

 

[Fatman3001]

Today on the radio they broke from weather to announce the spot prices of gold and silver and Bitcoin the digital currency. I couldn't believe my ears, really. This is about as mainstream as it gets.

Have you bought an extra big bag of candied apples from that sweet big crypto windfall yet?

Fatty, you seem to have become kind of a dick. What gives?

Definitely, but what exactly prompted such a revelation in the mind of my old golfing buddy BMB?

Sorry Fatty, I take it back!

The money's gone to my head..

Yeah, yeah... stop squirming and answer the question!


Edit: Also, I thought you were supposed to take care of the JJG situation/infestation? What gives?

[JayJuanGee]

^This place is turning into r/BitcoinBums. It's undignified.

What do you mean?
if you are contrasting r/bitcoin as compared with r/btc, then r/bitcoin is the normal and sane discussion of bitcoin related topics.  
snip

No I think he was talking about micgoossens' competition! Mike's already said he'd make a separate thread next time. And someone else sensibly imv suggested no noobs allowed ...

Fair enough.

I do agree that it seems kind of weird that so many newbie accounts chiming into the competition, so yeah, I would think that goosen would want to create some kind of rule that disallowed the possibility of double dipping.... which is also likely frustrating for legit participants.

[El duderino_]

I don't know Why but i Just want to make same ATH guess like last time
Rules ....: the one  with the right date of ATH gets .25 btc paid directly  (UTC time)    (closest to ATH.....)
I look to Every page in here from now When a date is picked first iT cannot been taken again ( 1st =1st)
Another .25 btc is rewarded for ho makes best of technical analyse of the time When we strike ATH.... and Why iT happens at that time.....
So This .25 also only to been payed 1 time .... and not 2 times te same explanation.... (1st =1st)

Both answers to win must been inside before 20-09-2017
Goodluck to the ones that like This  

UPDATE listmaking                 notice a * is when the person put good enough explanation for other .25 BTC  (person with no * only play ATH or have to put little better )

19/9 rayx12
25/9 binaryreign*
27/9 xhomerx10
28/9 khufuking
29/9 jhayzxenon*
30/9 yermom
02/10 bitchick *
03/10 ^BuTcH^
04/10 minermannc
05/10 punisher1314*
07/10 player514*
09/10 Oinas*
10/10 bikerlezno*     LAST WINNER
11/10 ted e. bare
12/10 harrymmmm*
13/10 cryptoqueeen*
14/10 bitcoinaire*
15/10 ludwigvon*
16/11 Heater*
17/10 shroomskit_disgrace
18/10 dakustaking76
19/10 birobob*
20/10 leowonderful
21/10 paashaas
22/10 cmacwiz*
23/10 spaceman_spiff_original*
24/10 colonel panic
25/10 soullyG
26/10 weltmaster*
28/10 entons*
29/10 roombot*
30/10 notme*
31/10 twocorn
01/11 YamashitaRen
02/11 orpington
03/11 Haciendo*
04/11 lilloboy
05/11 jojo69*
06/11 d_eddie*
07/11 empowering*
08/11 northyplole*
09/11 podyx*
10/11 u9y42*
11/11 starving_marvin
12/11 sirazimuth*
13/11 dotto*
14/11 hazukison*
15/11 organic*
17/11 foxygoxy*
18/11 600watt
19/11 arriemoller
20/11 drbrockcoin*
22/11 rakessh
21/11 icygreen*
23/11 erisdiscordia
24/11 oblox*
25/11 mfort312*
26/11 globbo*
27/11 lfc_bitcoin
28/11 [Suspicious link removed]*
29/11 rjclarck2000
30/11 last of the v8s *
01/12 newworldcoiner*
02/12 souspeed*
03/12 jaapgvk
04/12 sgk*
05/12 fluidjax
08/12 imbatman
09/12 yonton
10/12 fragout*
11/12 itod
12/12 lontonbit*
13/12 CistaCista
14/12 cAPSLOCK
15/12 philivey
16/12 marcus_of_augustus*
17/12 mattimann
18/12 coincube*
24/12 bones261*
26/12 karatma1*
28/12 deathangel*
30/12 erre
31/12 elwar
01/01/2018 lewis pirenne*
02/01/2018 addressed*
18/01/2018 raja_mbz*
21/12 2dogs
22/01/2018 _javi_
26/01/2018 kurious*
28/01/2018 steelboy*
29/01/2018 alcohodl
01/02/2018 cristitcm
18/02/2018 in the silence
20/04/2018 fractal universe*
15/05/2018 oldtimegin*
15/06/2018 samson
16/08/2018 samarkand

hope to still got  everybody    LIST IS GROWING NICELY   ( hope to be sending BTC soooooon  Grin )

OK I'll try again. I see I didn't search back carefully enough to see that Oct 2, 2017 was already taken when I posted this morning.

For the same reasons, I'll have to take Oct 1,2017 even though it's a Sunday. If it's already gone, I guess I'll have to take Oct 6, 2017 which is the nearest available date following.
____

As a suggestion, if you ever do this again, make a separate thread so it would be easier to see which dates are taken without having to wade through the entire wall observer thread with its walls of text, antisemitic gold buggery and pointless debates.

Youre in So 6/10 iT was right .... ? And next time i would do ...

kindly put me down for 16/11/17 please, thanks goossens

can you please put me down for 27/10/17? thank you

OK I will take  5th Jan 2018 ...thanks

I am very optimistic, next week today new ATH!!

Can you put me 26/09/2017 thank you..

ALLREADY TAKEN

[El duderino_]

I don't know Why but i Just want to make same ATH guess like last time
Rules ....: the one  with the right date of ATH gets .25 btc paid directly  (UTC time)    (closest to ATH.....)
I look to Every page in here from now When a date is picked first iT cannot been taken again ( 1st =1st)
Another .25 btc is rewarded for ho makes best of technical analyse of the time When we strike ATH.... and Why iT happens at that time.....
So This .25 also only to been payed 1 time .... and not 2 times te same explanation.... (1st =1st)

Both answers to win must been inside before 20-09-2017
Goodluck to the ones that like This  

UPDATE listmaking                 notice a * is when the person put good enough explanation for other .25 BTC  (person with no * only play ATH or have to put little better )

19/9 rayx12
24/9 kidbitter*
25/9 binaryreign*
26/9 player99
27/9 xhomerx10
28/9 khufuking
29/9 jhayzxenon*
30/9 yermom
02/10 bitchick *
03/10 ^BuTcH^
04/10 minermannc
05/10 punisher1314*
06/10 jimbo Toronto*
07/10 player514*
09/10 Oinas*
10/10 bikerlezno*     LAST WINNER
11/10 ted e. bare
12/10 harrymmmm*
13/10 cryptoqueeen*
14/10 bitcoinaire*
15/10 ludwigvon*
16/10 BitchicksHusband*
17/10 shroomskit_disgrace
18/10 dakustaking76
19/10 birobob*
20/10 leowonderful
21/10 paashaas
22/10 cmacwiz*
23/10 spaceman_spiff_original*
24/10 colonel panic
25/10 soullyG
26/10 weltmaster*
27/10 vroom
28/10 entons*
29/10 roombot*
30/10 notme*
31/10 twocorn
01/11 YamashitaRen
02/11 orpington
03/11 Haciendo*
04/11 lilloboy
05/11 jojo69*
06/11 d_eddie*
07/11 empowering*
08/11 northyplole*
09/11 podyx*
10/11 u9y42*
11/11 starving_marvin
12/11 sirazimuth*
13/11 dotto*
14/11 hazukison*
15/11 organic*
16/11 Heater*
17/11 foxygoxy*
18/11 600watt
19/11 arriemoller
20/11 drbrockcoin*
21/11 icygreen*
22/11 rakessh
23/11 erisdiscordia
24/11 oblox*
25/11 mfort312*
26/11 globbo*
27/11 lfc_bitcoin
28/11 conspirosphere.tk*
29/11 rjclarck2000
30/11 last of the v8s *
01/12 newworldcoiner*
02/12 souspeed*
03/12 jaapgvk
04/12 sgk*
05/12 fluidjax
07/12 free-bit.co.in
08/12 imbatman
09/12 yonton
10/12 fragout*
11/12 itod
12/12 lontonbit*
13/12 CistaCista
14/12 cAPSLOCK
15/12 philivey
16/12 marcus_of_augustus*
17/12 mattimann
18/12 coincube*
24/12 bones261*
25/12 mndan
26/12 karatma1*
28/12 deathangel*
30/12 erre
31/12 elwar
01/01/2018 lewis pirenne*
02/01/2018 addressed*
03/01/2018 bathy
05/01/2018 bitcoin psycho
06/01/2018 chowhan
18/01/2018 raja_mbz*
21/12 2dogs
22/01/2018 _javi_
26/01/2018 kurious*
28/01/2018 steelboy*
29/01/2018 alcohodl
01/02/2018 cristitcm
18/02/2018 in the silence
20/04/2018 fractal universe*
15/03/2018 Carl85
15/05/2018 oldtimegin*
15/06/2018 samson
16/08/2018 samarkand

THIS IS THE LAST UPDATE OF THE LIST

chosen date of     petahashminer where allready taken so can give one UNTILL     MAXIMUM 23.59 UTC 19-09-2017    so 20 september 2017

[BlindMayorBitcorn]

Today on the radio they broke from weather to announce the spot prices of gold and silver and Bitcoin the digital currency. I couldn't believe my ears, really. This is about as mainstream as it gets.

Have you bought an extra big bag of candied apples from that sweet big crypto windfall yet?

Fatty, you seem to have become kind of a dick. What gives?

Definitely, but what exactly prompted such a revelation in the mind of my old golfing buddy BMB?

Sorry Fatty, I take it back!

The money's gone to my head..

Yeah, yeah... stop squirming and answer the question!


Edit: Also, I thought you were supposed to take care of the JJG situation/infestation? What gives?

Idk. Maybe I've joined the dark side. I can't barely tell anymore. Are you all in BCH now?

[Last of the V8s]

[Torque]