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

[Syke]

EDIT: thefuck ?!

https://twitter.com/NODEfather/status/963931009518456832

Sure, it might be tax exempt for the state, but it's not tax exempt for federal.

[jojo69]

repeat of shill advertisement redacted

GET   THE   FUCK   OUT  !!

[BTCMILLIONAIRE]

So since trillionaires are almost a given in the coming decades, how much longer do you think until the global economy could feasibly produce the first quadrillionaire?

I am saddened to know that I will never become more than a billionaire  

Are you that old? Or just no ambition to try and shoot higher?

There is no hard limit to how much one bitcoin can be worth, but there is a soft limit. And I only have so many of them.

So it's the latter (aka no interest to invest, trade, or start ventures).

Sure, maybe, but that's not really my thing.

My basic life thesis is that humans are not biologically and psychologically designed to work nearly as much as we do. That's why I went all in on bitcoin in the first place, to make enough money so I wouldn't have to work and could focus on my hypothetical future family, because that's what kids need to develop properly. They need their parents around. So if it's a choice between having enough money to support a woman and five kids, or having twice as much money and seeing them a quarter as much, then it's an obvious choice.

How are we not designed to work 24/7? That's what people were doing when they lived in the woods and that has changed only fairly recently as far as I'm aware.

No, the actual work in a tribe is maybe 4 hours a day or so. The rest of the time is spent socializing, fucking, and relaxing.

Agriculture allowed us to feed... say 20 times as many people on the same amount of land. But it also meant a lot more work. And the resulting population growth gave us a whole other set of problems.

I do share the sentiment of making sure to have enough money to be able to freely ignore the world whenever I choose to. But I don't see myself not spending most of my time working on something, regardless of whether or not normal people would consider it work. I find picking up instruments and composition, science, cooking, investing, traveling and whatever else highly interesting. So the reason for me wanting full financial independence for life would be to the ability to learn and experience as much as I possibly can. And while I really want kids that I can homeschool and learn stuff with together, I'd need to make sure that the wife was perfect for that kind of lifestyle. Don't want someone nagging all day about how they know better when they don't.
But in either case, whatever you do, unless you're just consuming 24/7 you'd be "working" in my book. Life seems more of a choice between doing something fulfilling and mindlessly playing along.

What we today call a job is, effectively, slavery. Yes people can choose what kind of work they do, but they can't decide if they want to do it - they have to work.

Jordan Peterson said it perfectly. If you can't say no, you can't negotiate. And if you can't negotiate you are a slave. Jobs are slavery, even if we are determined not to think of them as such.

And it's not like I do nothing but sit around, now that I have the option to do so. I have been studying anthropology for the past... almost 7 years now, and see myself doing it for perhaps the rest of my life. It is endlessly fascinating and there is always more to learn, and it has practical utility. But it is not a job. It is something I choose to do, and for which I receive no direct compensation. And that makes all the difference. I could not do it to the same degree if I was saddled with a Job.

Fair enough. I was only thinking about the actual process of a job vs the process of learning something else. The lack of choice was always the most important factor in my dislike of jobs and formal education though.

[bones261]

Just find it funny that the American Revolution was sparked in part by a 5% tax.  They would be burning everything in sight if they had to deal with today's taxes.  

Calculated my effective tax was about 55% at one point.  Income Fed/State Tax, SS, Medicare, Property, Sales taxes on everything you buy.  It's getting out of control really.

Blame the current income tax situation on the prohibitionists. In order to get alcohol banned, the government needed to come up with an alternate source of revenue. Unfortunately, by the time prohibition got repealed, FDR came into power and the government wanted the extra money for the New Deal. Later they wanted to fund a war. Now the US federal government is bloated in social programs and "defense." Not sure why the US feels it needs to outspend the rest of the nations in defense. It's especially ridiculous since most of the wars the US have been involved in since WWII have resulted in stalemates or a loss. Only victory that I recall was Operation Desert Storm.

[BTCMILLIONAIRE]

Just find it funny that the American Revolution was sparked in part by a 5% tax.  They would be burning everything in sight if they had to deal with today's taxes.  

Calculated my effective tax was about 55% at one point.  Income Fed/State Tax, SS, Medicare, Property, Sales taxes on everything you buy.  It's getting out of control really.

"getting" ?

The US was one of the countries that I was considering moving into for tax reasons. But the fact that they have a fucking exit tax on top of the already criminally high tax rates put me off. Not to mention all the fucking idiots that feel like starting shit in public for no good reason (retards like the dipshit in Vegas, Antifa, etc.). Having to look up if there's some stupid event that should best be avoid whenever I go out doesn't seem particularly fun.

[mike4001]

Whats with these huge sell walls ??

1100 BTC between the current 10,8k and 11k ...

(@Bitstamp)

[suchmoon]

Whats with these huge sell walls ??

1100 BTC between the current 10,8k and 11k ...

(@Bitstamp)

I'm sure the TA folks can conjure a more eloquent explanation for this but it bounced on 11k for about two weeks on the way down so it will be substantial resistance now.

[600watt]

Just find it funny that the American Revolution was sparked in part by a 5% tax.  They would be burning everything in sight if they had to deal with today's taxes.  

Calculated my effective tax was about 55% at one point.  Income Fed/State Tax, SS, Medicare, Property, Sales taxes on everything you buy.  It's getting out of control really.

Blame the current income tax situation on the prohibitionists. In order to get alcohol banned, the government needed to come up with an alternate source of revenue. Unfortunately, by the time prohibition got repealed, FDR came into power and the government wanted the extra money for the New Deal. Later they wanted to fund a war. Now the US federal government is bloated in social programs and "defense." Not sure why the US feels it needs to outspend the rest of the nations in defense. It's especially ridiculous since most of the wars the US have been involved in since WWII have resulted in stalemates or a loss. Only victory that I recall was Operation Desert Storm.

the u.s. is the modern rome. it rules over an imperium that is the biggest and mightiest in history.  this is the pax americana. the u.s. itself and all its allies, especially western europe have lived very well in the past decades because of this imperium. it needs to outcompete the entire world because it rules -almost- over the entire world. the wars the u.s. fights are not about winning but about destabilizing.

[bones261]

Whats with these huge sell walls ??

1100 BTC between the current 10,8k and 11k ...

(@Bitstamp)

My guess is either the whale(s) has/have a short position to cover or they want to suppress the price, so they can accumulate for a later pump.

[rolling]

Just find it funny that the American Revolution was sparked in part by a 5% tax.  They would be burning everything in sight if they had to deal with today's taxes.  

Calculated my effective tax was about 55% at one point.  Income Fed/State Tax, SS, Medicare, Property, Sales taxes on everything you buy.  It's getting out of control really.

Blame the current income tax situation on the prohibitionists. In order to get alcohol banned, the government needed to come up with an alternate source of revenue. Unfortunately, by the time prohibition got repealed, FDR came into power and the government wanted the extra money for the New Deal. Later they wanted to fund a war. Now the US federal government is bloated in social programs and "defense." Not sure why the US feels it needs to outspend the rest of the nations in defense. It's especially ridiculous since most of the wars the US have been involved in since WWII have resulted in stalemates or a loss. Only victory that I recall was Operation Desert Storm.

The US Defense Industrial complex is the biggest social program in the US. Some programs in development are not even wanted by the military itself. It is usually defense contractors lobbying their congressmen to get the contract included in the budget so there are more jobs in the congressman's district. It's all about the jobs.

[fragout]

Whats with these huge sell walls ??

1100 BTC between the current 10,8k and 11k ...

(@Bitstamp)

I have been observing it all day. It appears someone is buying up anything that goes on sale below $10800. My guess is they will pull the wall when they have accumulated their target amount of bitcoin.

[Torque]

Just find it funny that the American Revolution was sparked in part by a 5% tax.  They would be burning everything in sight if they had to deal with today's taxes.  

Calculated my effective tax was about 55% at one point.  Income Fed/State Tax, SS, Medicare, Property, Sales taxes on everything you buy.  It's getting out of control really.

Most Americans don't know that in 1913, a permanent Federal income tax was passed into law primarily because it was sold to the American citizens as a "tax on the rich". And they bought it.

Ever since then, the rich have been lobbying Congress to pass tax loopholes to enable the massive shift from taxing the rich to purely taxing the middle class and the poor.

Smart fuckers. Learn to play their game, or get left in the dust.

[BTCMILLIONAIRE]

Just find it funny that the American Revolution was sparked in part by a 5% tax.  They would be burning everything in sight if they had to deal with today's taxes.  

Calculated my effective tax was about 55% at one point.  Income Fed/State Tax, SS, Medicare, Property, Sales taxes on everything you buy.  It's getting out of control really.

Most Americans don't know that in 1913, a permanent Federal income tax was passed into law primarily because it was sold to the American citizens as a "tax on the rich". And they bought it.

Ever since then, the rich have been lobbying Congress to pass tax loopholes to enable the massive shift from taxing the rich to purely taxing the middle class and the poor.

Smart fuckers. Learn to play their game, or get left in the dust.

The irony is too strong. Bunch of dweebs trying to legally steal money from "the rich" getting screwed. I genuinely love the world that we live in.

[suchmoon]

The US Defense Industrial complex is the biggest social program in the US. Some programs in development are not even wanted by the military itself. It is usually defense contractors lobbying their congressmen to get the contract included in the budget so there are more jobs in the congressman's district. It's all about the jobs.

"Jobs" is a good excuse that resonates with voters but without the "fear" component these jobs wouldn't be in the military industry.

Fear is good for business.

[B1tUnl0ck3r]

Just find it funny that the American Revolution was sparked in part by a 5% tax.  They would be burning everything in sight if they had to deal with today's taxes.  

Calculated my effective tax was about 55% at one point.  Income Fed/State Tax, SS, Medicare, Property, Sales taxes on everything you buy.  It's getting out of control really.

Blame the current income tax situation on the prohibitionists. In order to get alcohol banned, the government needed to come up with an alternate source of revenue. Unfortunately, by the time prohibition got repealed, FDR came into power and the government wanted the extra money for the New Deal. Later they wanted to fund a war. Now the federal government is bloated in social programs and "defense." Not sure why the US feels it needs to outspend the rest of the nations in defense. It's especially ridiculous since most of the wars we have been involved in since WWII has resulted in stalemates or a loss. Only victory that I recall was Operation Desert Storm.

first ban alcohol, say that tax to compensate needed, introduce new taxes, legalize alcohol tax it and keep the new taxes = more for them. then send them to die in a war...

EDIT: thefuck ?!

https://twitter.com/NODEfather/status/963931009518456832

Sure, it might be tax exempt for the state, but it's not tax exempt for federal.

taxes can be opposed politically or by civil war...

What would you do if they make bitcoin and all form of crypto illegal in the us, possession, trading, like alcohol during the prohibition?

Does your elected representative want to regulate or make cryptos illegals? Maybe even fighting all forms of encryption technology from the public hands?

In India a long time ago there was a monkey who was seeing very well even at night, and he always observed a specific cow, all the time, the cow was very annoyed from this constant observation and tried everything for the monkey to stop his constant harassing watching. then the cow was sad. shiva saw the sad cow...

and before all the nations all they had build was gone, in one instant.

Life is a casino? Which shop accept btc on the strip for chips btw?

Just find it funny that the American Revolution was sparked in part by a 5% tax.  They would be burning everything in sight if they had to deal with today's taxes.  

Calculated my effective tax was about 55% at one point.  Income Fed/State Tax, SS, Medicare, Property, Sales taxes on everything you buy.  It's getting out of control really.

"getting" ?

The US was one of the countries that I was considering moving into for tax reasons. But the fact that they have a fucking exit tax on top of the already criminally high tax rates put me off. Not to mention all the fucking idiots that feel like starting shit in public for no good reason (retards like the dipshit in Vegas, Antifa, etc.). Having to look up if there's some stupid event that should best be avoid whenever I go out doesn't seem particularly fun.

add crumbulling infrastructure, total individualistic egoistical hyper competitive life style, total segregation between wealth groups... poor it is gmos, frack fluids, radioactive trails, low end tier system for everything public, from firefighters, to hospitals, to police to parks to justice to education... while on the other side it is fossil water from the fidji, clean nano filtred air from private jets, mcmansion with helipads far from frak exhausts, gmo and pesticides spray zones, radiation fall outs (only for those with an iqs, the others are failswitchs)...

digitalization + globalization will only make the flaws more evident, until becoming aberrant and then borderline stupid.

Just find it funny that the American Revolution was sparked in part by a 5% tax.  They would be burning everything in sight if they had to deal with today's taxes.  

Calculated my effective tax was about 55% at one point.  Income Fed/State Tax, SS, Medicare, Property, Sales taxes on everything you buy.  It's getting out of control really.

Blame the current income tax situation on the prohibitionists. In order to get alcohol banned, the government needed to come up with an alternate source of revenue. Unfortunately, by the time prohibition got repealed, FDR came into power and the government wanted the extra money for the New Deal. Later they wanted to fund a war. Now the US federal government is bloated in social programs and "defense." Not sure why the US feels it needs to outspend the rest of the nations in defense. It's especially ridiculous since most of the wars the US have been involved in since WWII have resulted in stalemates or a loss. Only victory that I recall was Operation Desert Storm.

The US Defense Industrial complex is the biggest social program in the US. Some programs in development are not even wanted by the military itself. It is usually defense contractors lobbying their congressmen to get the contract included in the budget so there are more jobs in the congressman's district. It's all about the jobs.

graves and funerals have a tendency to reset all surviving military system, the others died.

Just find it funny that the American Revolution was sparked in part by a 5% tax.  They would be burning everything in sight if they had to deal with today's taxes.  

Calculated my effective tax was about 55% at one point.  Income Fed/State Tax, SS, Medicare, Property, Sales taxes on everything you buy.  It's getting out of control really.

Blame the current income tax situation on the prohibitionists. In order to get alcohol banned, the government needed to come up with an alternate source of revenue. Unfortunately, by the time prohibition got repealed, FDR came into power and the government wanted the extra money for the New Deal. Later they wanted to fund a war. Now the US federal government is bloated in social programs and "defense." Not sure why the US feels it needs to outspend the rest of the nations in defense. It's especially ridiculous since most of the wars the US have been involved in since WWII have resulted in stalemates or a loss. Only victory that I recall was Operation Desert Storm.

the u.s. is the modern rome. it rules over an imperium that is the biggest and mightiest in history.  this is the pax americana. the u.s. itself and all its allies, especially western europe have lived very well in the past decades because of this imperium. it needs to outcompete the entire world because it rules -almost- over the entire world. the wars the u.s. fights are not about winning but about destabilizing.

and one point roman senators and populace were smart, educated and rooted in common sense... then they chose a certain metal for their pipes...

Whats with these huge sell walls ??

1100 BTC between the current 10,8k and 11k ...

(@Bitstamp)

My guess is either the whale(s) has/have a short position to cover or they want to suppress the price, so they can accumulate for a later pump.

finally thanks!

Just find it funny that the American Revolution was sparked in part by a 5% tax.  They would be burning everything in sight if they had to deal with today's taxes.  

Calculated my effective tax was about 55% at one point.  Income Fed/State Tax, SS, Medicare, Property, Sales taxes on everything you buy.  It's getting out of control really.

Most Americans don't know that in 1913, a permanent Federal income tax was passed into law primarily because it was sold to the American citizens as a "tax on the rich". And they bought it.

Ever since then, the rich have been lobbying Congress to pass tax loopholes to enable the massive shift from taxing the rich to purely taxing the middle class and the poor.

Smart fuckers. Learn to play their game, or get left in the dust.

How could they have known without the internet? You believe that in Kansas they knew about what was going on?

[suchmoon]

How could they have known without the internet? You believe that in Kansas they knew about what was going on?

So no communication existed before the internet? Is that what you're implying?

I've met folks who think the universe was concocted 6 thousand years ago but you're way more fun. Please tell us more.

[B1tUnl0ck3r]

How could they have known without the internet? You believe that in Kansas they knew about what was going on?

So no communication existed before the internet? Is that what you're implying?

I've met folks who think the universe was concocted 6 thousand years ago but you're way more fun. Please tell us more.

Today they know in arkansas what is going on... then? you believe so? you prefer civil war communication level or today ? low techs are exhausting...

[explorer]

Huge sell walls up to $11100 on bitstamp but its being bought into at a steady pace. 1800btc atmo

Remember the bear whale's wall on bearstamp? Suppressing the price with walls doesn't always work.

The bearwhale wall wasn't a suppression, it was a sale.

When it didn't go fast enough, he lowered it until it did.  He did not ease it up as it got nibbled at 325.  he pushed it down into bids at 275.  I might have the numbers off a bit, it was a while ago.  But I watched it all the way through, and even grabbed a bit of it off the bottom.

[suchmoon]

How could they have known without the internet? You believe that in Kansas they knew about what was going on?

So no communication existed before the internet? Is that what you're implying?

I've met folks who think the universe was concocted 6 thousand years ago but you're way more fun. Please tell us more.

Today they know in arkansas what is going on... then? you believe so? you prefer civil war communication level or today ? low techs are exhausting...

What are talking about? I've actually been alive before the internet. I don't have to believe anything. I know things existed before the internet. And people knew things. Weird but true.

[El duderino_]

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UPDATE     AND GOOD LUCK