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

[JayJuanGee]

Hey mindrust, no need for name calling. Some of us are not young anymore.  We no longer trust our memory like we used too.

True, no way I'm trusting my memory to a seed. It's written down by hand on a piece of paper.

But bitcoin wallets traveling shouldn't be considered like cash. Bitcoins are not stored in a wallet, they are stored online. They are no different than having access to your traditional online banking login.

A major difference between access to your bank log in, and access to your bitcoins is that if you screw it up, the ramifications of irreversibly losing the money is much greater with bitcoin.

I think he mean in reference of the $10K international traveling limit. And I do agree.... but not completely sure the authorities could think otherwise, so better to stay safe.

Fair enough redirection.  I have seen some proposed changes to border policies that includes the possibility of increasing questioning about cryptocurrencies... I recall that there was some proposed USA legislation on that point, but I can anticipate other countries moving in that increased interrogation direction..  .. which seems to be a recipe for increasing scoff law reactions, too. 

Surely, we should be prepared for these kinds of changes in the laws, and possible increased scrutinies - especially, if governments increasingly perceive that they are losing their ability to have some kind of handle on capital controls... which they may have already lost some of that battle - yet as you already seem to suggest, any of us in the crypto space will need to continue to be educating ourselves about ways to stay private and to maintain some control over our own capital, which surely includes our crossing of borders and whether we might raise red flags in terms of practices that we might be able to modify to draw less attention ourselves.

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[bitserve]

Hey mindrust, no need for name calling. Some of us are not young anymore.  We no longer trust our memory like we used too.

True, no way I'm trusting my memory to a seed. It's written down by hand on a piece of paper.

But bitcoin wallets traveling shouldn't be considered like cash. Bitcoins are not stored in a wallet, they are stored online. They are no different than having access to your traditional online banking login.

A major difference between access to your bank log in, and access to your bitcoins is that if you screw it up, the ramifications of irreversibly losing the money is much greater with bitcoin.

I think he mean in reference of the $10K international traveling limit. And I do agree.... but not completely sure the authorities could think otherwise, so better to stay safe.

Fair enough redirection.  I have seen some proposed changes to border policies that includes the possibility of increasing questioning about cryptocurrencies... I recall that there was some proposed USA legislation on that point, but I can anticipate other countries moving in that increased interrogation direction..  .. which seems to be a recipe for increasing scoff law reactions, too.  

Surely, we should be prepared for these kinds of changes in the laws, and possible increased scrutinies - especially, if governments increasingly perceive that they are losing their ability to have some kind of handle on capital controls... which they may have already lost some of that battle - yet as you already seem to suggest, any of us in the crypto space will need to continue to be educating ourselves about ways to stay private and to maintain some control over our own capital, which surely includes our crossing of borders and whether we might raise red flags in terms of practices that we might be able to modify to draw less attention ourselves.

They have means to partly control it: Just outlaw undeclared Bitcoin transactions over XXXXX amount.

Something similar has already happened in several euro countries where it is basically ilegal to do any cash transaction over 2500€. They can't stop small undeclared transactions but they can enforce AML on anything substantial... it is basically impossible to buy even a (very) high end TV set without using a bank account. Same is happening with Bitcoin when AML is enforced in most fiat ramps everywhere (exchanges, ATM's, etc).

So they don't really need to stop you from carrying your keys to another country.... they just put limits on what you can do with it the same way as they can do with cash.

Still, (I think) Bitcoin was not meant as a way to evade tax or capital controls but to be your own bank by having direct control of your money.

[Icygreen]

This year I'll be carrying a portion my winter budget to Vietnam in Bitcoin.  Already found a money changer (gold shop) to exchange with.  I'll still need to go through Fincen at the airport because of the cash so I'll ask them directly how they treat crypto.  Not intending on declaring any however. 
 

[Wekkel]

Meanwhile, we finally seem to get a nice correction into $6,3xx. That gives the ordinary trader some room to start buying again.

[JayJuanGee]

Meanwhile, we finally seem to get a nice correction into $6,3xx. That gives the ordinary trader some room to start buying again.

You are likely correct that "ordinary traders" are beginning to hit some of their buy orders - and ultimately depends upon how BIG of a swing that such "ordinary" traders are trading.   

Personally, I have been finding it helpful to have small increments between buys, but larger increments between swings, so it sometimes it can take a bit longer for the swing to trigger.. Currently, we are at nearly 6% from the top that was nearly $6,800 to our current price that is getting into the upper $6,300s. 

Of course ETH and BCH seems to be correcting hardr, but each of them started out with BIGGER pumps, too, so could be a question about whether this correction is possibly aimed at weeding from those areas or if there is more ability to give in those areas - which could drag BTC down too. 

Sometimes the correlation is not clear, and it could be possible that BCH pumps some more while BTC is going down, and I suppose those kinds of irrationalities are frustrating about the short term movements that seem to be lacking in logic, somewhat... because it remains difficult to determine momentum that one coin or another might have to continue to go, perhaps in the opposite direction of the others for a bit of time?

[elrippos friend]

Giddy Up!



https://old.reddit.com/r/Bitcoin/comments/9kukux/its_not_rocket_science_series/

So we see the next ATH in 2022 

[JayJuanGee]

Yeeaaaahhh, Monero rising 

Good comedy screwed up with alt coin pumping.  Shame on you, elrippos friend!!!!!   

Dear JayJuanGee, go fcuk yourself 

Shame on you, elrippos friend.

Failure and refusal to acknowledge, admit or feel bad about your off-topic shit coin pumping behavior. 

[Elwar]

This year I'll be carrying a portion my winter budget to Vietnam in Bitcoin.  Already found a money changer (gold shop) to exchange with.  I'll still need to go through Fincen at the airport because of the cash so I'll ask them directly how they treat crypto.  Not intending on declaring any however. 
 

I've been to Vietnam "carrying" over $1 million in bitcoin. No questions asked. They have a bitcoin ATM at a pizza place. You just grab a pizza while you wait for your transaction to go through and get your dong.

[criptix]

This year I'll be carrying a portion my winter budget to Vietnam in Bitcoin.  Already found a money changer (gold shop) to exchange with.  I'll still need to go through Fincen at the airport because of the cash so I'll ask them directly how they treat crypto.  Not intending on declaring any however. 
 

I've been to Vietnam "carrying" over $1 million in bitcoin. No questions asked. They have a bitcoin ATM at a pizza place. You just grab a pizza while you wait for your transaction to go through and get your dong.

Lol

Feeling like living in the middleage here in europe 

[Globb0]

they certainly wouldn't appreciate you getting your dong out in a European restaurant. 

[LFC_Bitcoin]

Giddy Up!



https://old.reddit.com/r/Bitcoin/comments/9kukux/its_not_rocket_science_series/

‘Down $150 so that must mean we’re going to mid $4,000’s & I’ll manipulate a chart to show what I want to happen’


Great analysis bruh!

[StartupAnalyst]

[BTCMILLIONAIRE]

The fractal says a low of $3,800 in January 2019 but let’s wait and see.  It won’t be an exact match and lots of whales will be aggressively trying to chop up the market.

Fractals are quite subjective - maybe even moreso than other forms of TA.

https://medium.com/@coinobs/bitcoin-fractal-the-bullish-scenario-37f5dae1384f

Thanks for that link, infofront.

I was a bit embarrassed to ask what the fuck a "fractal" was.  hahahahahaha... but apparently, fractals are convincing phenomena in the eyes of some folk.  

They appear all over the place in nature, so it would not be surprising at all if they matched financial markets as well. The thing in finance and trading however is, that people just draw random charts without even understanding the Mathematics behind their favourite indicator and then end up spewing something of equal value as a horoscope.


P.S. Look fractals up in detail though. The non-finance fractals are a gorgeous (if visually represented) and mind-bending structure.

[kurious]

they certainly wouldn't appreciate you getting your dong out in a European restaurant. 

You beat me to it.   I am not sure it works too far way from our little part of the world, but you brightened my day.

[HairyMaclairy]

Do people like these sentiment updates or are they dumb?

[vroom]

Do people like these sentiment updates or are they dumb?

I like these sentiment updates, we need these rare on-topic posts

[Globb0]

Its all little bits of information that goes together to make the bigger picture.

Its all just speculation after all,

[El duderino_]

they certainly wouldn't appreciate you getting your dong out in a European restaurant. 

You beat me to it.   I am not sure it works too far way from our little part of the world, but you brightened my day.

mmmm the high class and standard of european resto's ..... even the cheap resto's in europe are already supreme @many places

[El duderino_]

Do people like these sentiment updates or are they dumb?

we do like them just like bob's REKT updates , and where just waiting when fear turns into that green zone .... keep posting them from time to time 

[El duderino_]