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

[valta4065]

where to fish this bottom?

Pretty much anytime is the bottom right now :/

I mean we've reached the 20k... We're at 11k...
So you can buy anytime and hold tight.
If you try to fish the bottom there is statistically a rather low chance that you hit the right point. YOu'll probably miss the bottom and sooner than you think it'll be over 20k again ^^

[jojo69]

fuck...missed it

Pretty much anytime is the bottom right now :/

I mean we've reached the 20k... We're at 11k...
So you can buy anytime and hold tight.
If you try to fish the bottom there is statistically a rather low chance that you hit the right point. YOu'll probably miss the bottom and sooner than you think it'll be over 20k again ^^

yeah, I'm kinda famous (in my house) for picking up pennies in front of the steamroller

I am refining it to a fine art

[Higher Altitude]

fuck...missed it

Pretty much anytime is the bottom right now :/

I mean we've reached the 20k... We're at 11k...
So you can buy anytime and hold tight.
If you try to fish the bottom there is statistically a rather low chance that you hit the right point. YOu'll probably miss the bottom and sooner than you think it'll be over 20k again ^^

yeah, I'm kinda famous (in my house) for picking up pennies in front of the steamroller

I am refining it to a fine art

I can always say: "I thought about buying/selling at that price" because often it did cross my mind to buy the bottom or sell the peak but then I never execute. And as valta pointed out, you can buy anywhere right now and will be in the green once Bitcoin starts testing the old ATH.

[realr0ach]

Pretty much anytime is the bottom right now :/

I mean we've reached the 20k... We're at 11k...

Since when does a completely parabolic BLOW OFF top entirely based on speculation not go below 50% retracement?  Anyway, this is all painting the tape nonsense by the Bitfinex spoofer & company.  It will go wherever it's spoofed as he moves both the buy and sell side at the same time.

Everyone on this thread should collectively pledge to ignore anything the Anti Semite posts for eternity.

Do not respond to anti-goyimite posts.  The goyim are the chosen ones chosen by a magical, imaginary entity, and anyone who denies this is anti-goyim.

[realr0ach]

Also, can you Yids explain this?  WTF?  How is this not a sign of the end of times?

[jbreher]

Once the exchanges start using lightning to send BTC between them, it’s game over for many altcoins.

Hmm. How often do you suppose exchanges send BTC between each other today?

[iCEBREAKER]

https://twitter.com/saifedean/status/954931333087637505
in which fluffypony rekts saifedean
i swear it's the carnivore thing makes them so dull-witted

Went for fluffypony's domination tweets, couldn't find them.    I'm guessing the word "fungible" was applied liberally directly to the tweetstorm.

The butthurt of the Bitcoin Maximalist Supremacist Monopolists is in direct proportion to the cognitive dissonance they suffer from watching their analytical frameworks fail to be validated with predictive power.

The canonical example (besides Frap.doc's anti-altcoin rantings here) is Daniel Krawisz's obscenely inaccurate exaggeration of "The Coming Demise of the Altcoins" (http://nakamotoinstitute.org/mempool/the-coming-demise-of-altcoins/).

For such a smart guy, he really screwed the pooch on this one.  But then again, so did Blockstream's (not-coincidentally former) Head of Strategy.

Let's all laugh at how wrong whiny little Daniel's bigoted expectations have proven to be!

Isn't it impressive how absolutely convinced he is of his own hilariously incorrect assumptions?

A new altcoin cannot survive with only a fraction of the cryptocurrency pie. It must defeat everything else to succeed, including Bitcoin. Since it begins at an extreme disadvantage with respect to Bitcoin, it cannot succeed with technology that is marginally superior to Bitcoin. It must be as significant an advance over Bitcoin as Bitcoin is over the dollar.

...

Altcoins are not viable because they cannot reproduce that which gives Bitcoin an overwhelming competitive edge: its market cap. It is unethical to create an altcoin with the purpose of making money off of it for this reason. They should not be taken seriously. The way to defeat them is to keep demanding of the altcoin promoters that they spell out why their altcoin makes sense as an investment. The more that this demand is made, the worse altcoins will look.

I guess the new altcoins didn't get the memo huffily declaring why it was impossible for them to survive, given the (admittedly flakey) Bitcoin Domination Index's sustained collapse to a humiliating (in the literal sense of more humility and less hubris) 33%.  It's past time to rename that figure to either the Bitcoin Submission Index, or the Altcoin Domination Index.

Saifedean and Frap.doc, unlike Krawisz before them, right off the bat fail to account for Namecoin, the OG alt partially created and thus Blessed with propriety directly from Satoshi.

These overeducated derps failure of imagination was completely predictable.  Here is a simple substitution exposing the paltry tissue of bad faith on which rests the entirety of Krawisz's line of argumentation.

Bitcoin cannot survive with only a fraction of the fiat currency pie. It must defeat everything else to succeed, including the dollar. Since it begins at an extreme disadvantage with respect to fiat currencies, it cannot succeed with technology that is marginally superior to fiat currencies. It must be as significant an advance over fiat currencies as fiat currencies are over barter.

Crypto-currencies are not viable because they cannot reproduce that which gives fiat money an overwhelming competitive edge: its market cap. It is unethical to create a crypto-currency with the purpose of making money off of it for this reason. They should not be taken seriously. The way to defeat them is to keep demanding of the crypto-currency promoters that they spell out why their Bitcoin makes sense as an investment. The more that this demand is made, the worse Bitcoin will look.

QED the Never-Alters were wrong to begin with, comporting with the consensus reality that emphasizes this fact every day in which alts persist in their domination of Bitcoin. 

[rezurect007]

Does anybody know a mempool visualizer which can show thebelow:

[jbreher]

Chartstrology, indeed.

When the moon is in the Seventh House
And Jupiter aligns with Mars
Then peace will guide the planets
And love will steer the stars

[jbreher]

Ugh, I just did my taxes on TurboTax and can't bring myself to hit the send button.   This sucks. Should I just suck it up, sell 0.2BTC and transfer to my bank and be done with it? I despise giving the US government any more money.

Payment isn't due for several months yet. Might be 0.1 BTC or less at that point.

#justsayin

[jbreher]

https://bitcoin.tax/

It supports the report format of most major exchanges.

It sounds like a useful service. But at what price? What might they be doing with the data other than crunching it for your benefit? Don't forget the universal maxim - if a service is free, then you're not the customer, you're the product.

[bones261]

Ugh, I just did my taxes on TurboTax and can't bring myself to hit the send button.   This sucks. Should I just suck it up, sell 0.2BTC and transfer to my bank and be done with it? I despise giving the US government any more money.

Payment isn't due for several months yet. Might be 0.1 BTC or less at that point.

#justsayin

Or it could be .3 BTC or .5 BTC. I am not going to speculate when it comes to giving Uncle Sam their pound of flesh. I am very small fry, as you can tell about me bitching over a somewhat trivial amount.

https://bitcoin.tax/

It supports the report format of most major exchanges.

It sounds like a useful service. But at what price? What might they be doing with the data other than crunching it for your benefit? Don't forget the universal maxim - if a service is free, then you're not the customer, you're the product.

If you have over 100 transactions, they charge 30.00. I paid the fee since I had well over 100 transactions and it is a lot easier than me trying to manipulate csv files myself to convert to something I can port over to a tax software program. I'm certainly not going to write by hand all the transactions on a schedule D form. They may be using my information for other purposes, but that's the price to pay for the convenience.

[jbreher]

Just learned that you can cash out from Conbase at 2.5% using paypal 

Why? Cashing out of GDAX is freekin' _free_.

[realr0ach]

The butthurt of the Bitcoin Maximalist Supremacist Monopolists is in direct proportion to the cognitive dissonance they suffer from watching their analytical frameworks fail to be validated with predictive power.

No cryptocurrency is exempt from the Ted Kaczynski rule.  They will all be subsidizing some type of enslavement in the end.  In fact, monero might do it the complete opposite way.  An anonymous currency (if it actually manages to stay anonymous) would cause the state to collapse from inability to collect taxes, or enough taxes to prevent being taken over by it's more collectivist, imperial neighbor.  

An anonymous currency is simply mandating libertarianism, and libertarianism doesn't actually exist, it's just a power vacuum that is filled by a strong man.  So unless Monero took over the entire globe and caused every govt to collapse simultaneously, it just selectively weakens different ones, then allows the others to move in and take them.  This is also the basis of the protocols of the elders of Zion.  You purposely try to get nations to adopt libertarianism to make them weak and easy to take over.

[jbreher]

I have so many accounts on so many exchanges I have lost a couple of Eth and have no idea where they are. 

The other day, I re-discovered the fact that I have a wallet at blockchain.info. It even had a couple BTC in it. Score!

[bones261]

Just learned that you can cash out from Conbase at 2.5% using paypal 

Why? Cashing out of GDAX is freekin' _free_.

I use it from time to time since I can then transfer the funds from Paypal to my bank, instantly, for .25 cents and it shows up as being from Paypal rather than Coinbase at the bank. My funds are usually available within minutes rather than a business day or two. I'm not sure what my bank's policy is regarding Bitcoin transactions, they haven't given me any trouble, so far. However, I don't want to push the envelope too far.

[Last of the V8s]

Does anybody know a mempool visualizer which can show thebelow:
https://pbs.twimg.com/media/DUCmEfJX4AA1W78.jpg[/img]

https://pbs.twimg.com/media/DUBvft7XcAAxvoE.jpg[/img]

https://dedi.jochen-hoenicke.de/queue/#24h

[Last of the V8s]

https://twitter.com/saifedean/status/954931333087637505
in which fluffypony rekts saifedean
i swear it's the carnivore thing makes them so dull-witted

Went for fluffypony's domination tweets, couldn't find them.    I'm guessing the word "fungible" was applied liberally directly to the tweetstorm.
  

all it was was https://twitter.com/fluffypony/status/955062049100521473

also: https://twitter.com/WeathermanIam/status/955122131859394562
@WeathermanIam
3h3 hours ago
Replying to @WeathermanIam @giacomozucco and

The PR firm that put together this campaign for @rogerkver and co is very good at this.

They identify personas and then the “influencers” that can hit them.

Then they work with those influencers to develop viable narratives.

@DanielKrawisz @bitstein and @pierre_rochard #bought

[Enjel]

Crypto taxes are unenforceable, period. Anyone who is bending over backwards to try to do taxes should just stop and do the easy thing.

I recently just realized that Cryptopia not only allows you to withdraw coins while remaining totally anonymous (I know that Bittrex holds your coins until you verify identity), but also I think they delete your transaction history past 24 hours or something (I can't find my transaction history, which probably has tens of thousands of transactions, if not more).

What's to stop someone from just sending coins to some random/new fiat account, then cashing out? What are they going to do? Go through all of the stuff, when it's not even incriminating or suspicious?
Knowing the US government, I doubt that they wouldn't try, but it's just not practical, especially with the inefficient bureaucracy.

Not recommending breaking the law if you can avoid it, but if you started trading a month ago even, it's practically impossible to pay correct taxes, especially with this new tax act.

[Enjel]

Bottom line, any tax problems with crypto are the government's own doing to itself to try to exploit people.

They have no power except for intimidation - if you can do taxes, then do them, but if you can't, well too bad.