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

[JimboToronto]

Good morning Bitcoinland.

Another day, another sideways... currently $6395USD/$8328CAD (Bitcoinaverage).

Ho hum, yawn, etc. Glad I don't have to worry about the price. It's more like checking the scores in sports.

I said I'd pull out my original investment when the price hit $4kCAD to buy some toys. That happened last year, except I only spent about half of what I put in so far. I still have to pay for my dental implants and new zirconia teeth, and build another house in Mexico. That should finish my original investment and  leave me with nothing but gravy.

That will leave me with new teeth, 3 properties and 2 houses in Mexico, and enough Bitcoin to live happily ever after. Of course the taxman also needs his cut, but only here in Canada. No taxes in Mexico. Even if the price drops to $4k, I'm still ahead of the game.

Life is good. Go Bitcoin go.

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[Phil_S]

I'm afraid once fiat conversion is unnecessary, they'll move the tracking to the actual goods, as they're already doing for assets with substantial value, e.g., cars, real estate etc - as pointed out several times in recent posts.

Exactly. And they'll even apply it retroactively:

http://www.cityam.com/264481/mystery-bankers-wife-losses-anti-corruption-order-appeal

The high-rolling wife of an anonymous banker has been defeated in her push to overturn efforts by the National Crime Agency (NCA) to make her reveal how she was able to afford properties in Britain worth £22m.

A High Court judge overturned an attempt by the woman, identified as Mrs A, to block the NCA’s use of one of its first-ever “unexplained wealth orders” (UWOs) – new powers to battle corruption which force owners of assets worth £50,000 or more to prove they acquired them legitimately.

The NCA’s order said that Mrs A – who is the wife of a banker from a non-EEA country – had to reveal the source of her income, or face having the properties taken away from her.

The new orders – which reverse the burden of proof, forcing those suspected of gaining assets through crime to prove they were legally obtained – came into effect in January.

The court was told Mrs A had made lavish purchases, including spending over £16.3m over a decade at luxury department store Harrods, and has access to fine wines, private jets and luxurious properties.

[goldkingcoiner]

Stay strong for Bitcocain is on our side! This Sideways action won't stay for long because it can't. Because I am out of booze and this is not fun right now. Some whale do something please! Anything! I am so boreeeed!!!!

[kurious]

Mike Novogratz - making Bitcoin price predictions like a drunk Vinny Lingham 

https://www.cnbc.com/2018/10/03/bitcoin-wont-top-9000-by-years-end-former-hedge-fund-legend-novogratz-says.html

These guys have absolutely no idea, just like the rest of us 

You're right of course, Torque.  However, even though I actually think Novogratz is one of the better 'suits' in crypto, he has been so bad so far, he's actually become a decent contrary indicator.

So his 'no 9K this year' is pretty bullish.

[kurious]

I'm afraid once fiat conversion is unnecessary, they'll move the tracking to the actual goods, as they're already doing for assets with substantial value, e.g., cars, real estate etc - as pointed out several times in recent posts.

Exactly. And they'll even apply it retroactively:

http://www.cityam.com/264481/mystery-bankers-wife-losses-anti-corruption-order-appeal

The high-rolling wife of an anonymous banker has been defeated in her push to overturn efforts by the National Crime Agency (NCA) to make her reveal how she was able to afford properties in Britain worth £22m.

A High Court judge overturned an attempt by the woman, identified as Mrs A, to block the NCA’s use of one of its first-ever “unexplained wealth orders” (UWOs) – new powers to battle corruption which force owners of assets worth £50,000 or more to prove they acquired them legitimately.

The NCA’s order said that Mrs A – who is the wife of a banker from a non-EEA country – had to reveal the source of her income, or face having the properties taken away from her.

The new orders – which reverse the burden of proof, forcing those suspected of gaining assets through crime to prove they were legally obtained – came into effect in January.

The court was told Mrs A had made lavish purchases, including spending over £16.3m over a decade at luxury department store Harrods, and has access to fine wines, private jets and luxurious properties.

Russian oligarch's trophy wife, I would hazard a guess..?

[El duderino_]

a sober up week nice

Give yourself a break this weekend

[Aby Normal]

This should pump up the price of BTC pretty fast when those who are wanting to buy this petro coin are needing bitcoin to do so on Nov 5.
https://www.reddit.com/r/CryptoCurrency/comments/9kzzgv/due_to_hyperinflation_venezuela_goes_full_on/

Man that coin is full on shit coin.  I hear gazilion news about it for a year and all I know is that is or will be issued on NEM.  I can check 999 coins how are issued where and where are traded and at what price are traded and I never heard of them. Of Petro I heard so many times but zero useful information. Zero.

It is really sad that first country that decided to give crypto a try did it so unprofessionally.

Maybe Petro is an utter bleepcoin and its prolly a bad investment but I will use it to send money to my girl there in Venezuela cos she's stuck there for two months already getting her papers done. Currently I'm using BTC for that but the rates on the street are total ripoff with 10-20% fees when buying or selling, they say that's because of hyperinflation and traders have to protect themselves with high fees. If Petro gets listed on any decent exchange I'll be able to send her money instantly without being robbed extra 20%, simply don't care what will be its price when buying cos she can use it there immediately, in a country hit by hyperinflation that's a blessing, as well as the fact that Venezuela would have fast and cheap international money transfers independent from the Central Bank. If the people in Venezuela start using Petro in theirs everyday activities, it would be a big victory for whole crypto world. I'm kinda confident that they will use it since many of them depend on help sent from friends and relatives living in other countries and Petro would be cheapest and fastest way to do that, also they are prolly one of the top crypto-educated nations atm.
If I was a bankster I would be very worried now because if that works out fine for Venezuela then some other countries would follow as well

[d_eddie]

(snip)

Venezuela would have fast and cheap international money transfers independent from the Central Bank. If the people in Venezuela start using Petro in theirs everyday activities, it would be a big victory for whole crypto world. I'm kinda confident that they will use it since many of them depend on help sent from friends and relatives living in other countries and Petro would be cheapest and fastest way to do that, also they are prolly one of the top crypto-educated nations atm.
If I was a bankster I would be very worried now because if that works out fine for Venezuela then some other countries would follow as well

Right, but I can already hear the choir of bankster FUD.

"See what they got to? That country began going to the dogs the day they revoked concessions to the big corporations, and it was downhill from there. Now they even lost control of their own money. It's going to be a hemorrhage, I tell you. See that we never get to that!"

[jojo69]

Ok.

Beer #2, and no discernible affect on BTC prices yet.

Going to crack open Beer #3.

If we don't go up at least $50 in the next 30 minutes, I'm cancelling this experiment, and drying myself out for a week.

and leave me here all alone?

you bastard

[El duderino_]

Good morning Bitcoinland.

Another day, another sideways... currently $6395USD/$8328CAD (Bitcoinaverage).

Ho hum, yawn, etc. Glad I don't have to worry about the price. It's more like checking the scores in sports.

I said I'd pull out my original investment when the price hit $4kCAD to buy some toys. That happened last year, except I only spent about half of what I put in so far. I still have to pay for my dental implants and new zirconia teeth, and build another house in Mexico. That should finish my original investment and  leave me with nothing but gravy.

That will leave me with new teeth, 3 properties and 2 houses in Mexico, and enough Bitcoin to live happily ever after. Of course the taxman also needs his cut, but only here in Canada. No taxes in Mexico. Even if the price drops to $4k, I'm still ahead of the game.

Life is good. Go Bitcoin go.

Good set up ..... good to go 

Always important of taking care of personal business ..... 

[bitserve]

(snip)

Venezuela would have fast and cheap international money transfers independent from the Central Bank. If the people in Venezuela start using Petro in theirs everyday activities, it would be a big victory for whole crypto world. I'm kinda confident that they will use it since many of them depend on help sent from friends and relatives living in other countries and Petro would be cheapest and fastest way to do that, also they are prolly one of the top crypto-educated nations atm.
If I was a bankster I would be very worried now because if that works out fine for Venezuela then some other countries would follow as well

Right, but I can already hear the choir of bankster FUD.

"See what they got to? That country began going to the dogs the day they revoked concessions to the big corporations, and it was downhill from there. Now they even lost control of their own money. It's going to be a hemorrhage, I tell you. See that we never get to that!"

The moment it is evident your word is worth NOTHING no one will ever trust you anymore. The moment Venezuela started expropiating corporates and revoking concessions no one would invest any single penny on it. That's not a case of bankster FUD, it's just reality... would you invest in Venezuela?

Petro will go NOWHERE. Remember it is not exactly a decentralised crypto... it is controlled by the Venezuelan government. So much for trust, uh?

[Febo]

This should pump up the price of BTC pretty fast when those who are wanting to buy this petro coin are needing bitcoin to do so on Nov 5.
https://www.reddit.com/r/CryptoCurrency/comments/9kzzgv/due_to_hyperinflation_venezuela_goes_full_on/

Man that coin is full on shit coin.  I hear gazilion news about it for a year and all I know is that is or will be issued on NEM.  I can check 999 coins how are issued where and where are traded and at what price are traded and I never heard of them. Of Petro I heard so many times but zero useful information. Zero.

It is really sad that first country that decided to give crypto a try did it so unprofessionally.

Maybe Petro is an utter bleepcoin and its prolly a bad investment but I will use it to send money to my girl there in Venezuela cos she's stuck there for two months already getting her papers done. Currently I'm using BTC for that but the rates on the street are total ripoff with 10-20% fees when buying or selling, they say that's because of hyperinflation and traders have to protect themselves with high fees. If Petro gets listed on any decent exchange I'll be able to send her money instantly without being robbed extra 20%, simply don't care what will be its price when buying cos she can use it there immediately, in a country hit by hyperinflation that's a blessing, as well as the fact that Venezuela would have fast and cheap international money transfers independent from the Central Bank. If the people in Venezuela start using Petro in theirs everyday activities, it would be a big victory for whole crypto world. I'm kinda confident that they will use it since many of them depend on help sent from friends and relatives living in other countries and Petro would be cheapest and fastest way to do that, also they are prolly one of the top crypto-educated nations atm.
If I was a bankster I would be very worried now because if that works out fine for Venezuela then some other countries would follow as well

You missed my point.  My point was why the fuck all this announcements and pre announcements of an announcements and no real datas and stats and facts. Yes of course I would love to see they succeed. But as it looks to me right now and I might be totally wrong, they copied the worse possible way to make a shitcoin. 

[d_eddie]

(snip)

Venezuela would have fast and cheap international money transfers independent from the Central Bank. If the people in Venezuela start using Petro in theirs everyday activities, it would be a big victory for whole crypto world. I'm kinda confident that they will use it since many of them depend on help sent from friends and relatives living in other countries and Petro would be cheapest and fastest way to do that, also they are prolly one of the top crypto-educated nations atm.
If I was a bankster I would be very worried now because if that works out fine for Venezuela then some other countries would follow as well

Right, but I can already hear the choir of bankster FUD.

"See what they got to? That country began going to the dogs the day they revoked concessions to the big corporations, and it was downhill from there. Now they even lost control of their own money. It's going to be a hemorrhage, I tell you. See that we never get to that!"

The moment it is evident your word is worth NOTHING no one will ever trust you anymore. The moment Venezuela started expropiating corporates and revoking concessions no one would invest any single penny on it. That's not a case of bankster FUD, it's just reality... would you invest in Venezuela?

Petro will go NOWHERE. Remember it is not exactly a decentralised crypto... it is controlled by the Venezuelan government. So much for trust, uh?

I agree with you word for word, and of course Petro is not your typical crypto.
I wasn't defending Venezuela, though. It's undefendable in its current predicament.
My point was that I doubt there will much bankster worry.
The FUD bit is when the choir goes "see that we never get to that!" - with a hint at stricter crypto controls.

[Aby Normal]

(snip)

Venezuela would have fast and cheap international money transfers independent from the Central Bank. If the people in Venezuela start using Petro in theirs everyday activities, it would be a big victory for whole crypto world. I'm kinda confident that they will use it since many of them depend on help sent from friends and relatives living in other countries and Petro would be cheapest and fastest way to do that, also they are prolly one of the top crypto-educated nations atm.
If I was a bankster I would be very worried now because if that works out fine for Venezuela then some other countries would follow as well

Right, but I can already hear the choir of bankster FUD.

"See what they got to? That country began going to the dogs the day they revoked concessions to the big corporations, and it was downhill from there. Now they even lost control of their own money. It's going to be a hemorrhage, I tell you. See that we never get to that!"

The moment it is evident your word is worth NOTHING no one will ever trust you anymore. The moment Venezuela started expropiating corporates and revoking concessions no one would invest any single penny on it. That's not a case of bankster FUD, it's just reality... would you invest in Venezuela?

Petro will go NOWHERE. Remember it is not exactly a decentralised crypto... it is controlled by the Venezuelan government. So much for trust, uh?

Unfortunately Venezuelan people as well as all other people in the world are obliged to use theirs official national currencies in their everyday life, of course its not decentralized nor it has any tech innovation, but at least they will be able to use CRYPTO for theirs everyday activities, millions will be paying bills and buying stuff with Petro since getting cash in fiat money there is really pain in the ... loses value between the time you earn some money and spend it, real problem of everyday life there that could be solved if Petro survives the bankers intervention which will surely come in all kinds of FUD and even the military intervention is not excluded if Petro becomes a danger for them...

[kirreev070]

Postcard from the future

[Last of the V8s]

Bzzt-ping!


This is a test of the Sovereign Bitcoin Price Alarm System.


No action is needed.



 

[Phil_S]

Russian oligarch's trophy wife, I would hazard a guess..?

They'll publish her name eventually, as it seems they want to make an example.

The point is, it might affect some of us in the future, as £50,000 is not that much.

I guess the lesson here: sometimes it's better to rent expensive things instead of buying them.

[xhomerx10]

Ok. It's official.

I'm drying myself off for a bit.

With any luck, I shed 5 lbs of bloat in the next 7 days.

... and more importantly, Bitcorn heads towards $7k USD.

Sheeeit 

 Then it's better for all involved

[Torque]

OT : Scary article about the corporate bond market.

https://www.businessinsider.com/goldman-sachs-exec-on-corporate-bond-market-worry-2018-10

Have we (they) learned nothing??

Go Bitcoin go!

[Last of the V8s]

https://www.youtube.com/watch?v=cidZRD3NzHg George Gilder: Forget Cloud Computing, Blockchain is the Future
~transcript for d_eddie https://www.hoover.org/research/george-gilder-forget-cloud-computing-blockchain-future

Gilder argues that cloud computing, while it was the hot new technology ten years ago, has reached its limits as the physical limitations of big data storage centers maxes out. Improvements in parsing big data are incremental at this point, and it’s time for the next big technology to take its place. Gilder points to blockchain as the technology of the future, with its ability to prevent corruption and manipulation of transaction data and the infinite uses it could have in third world countries.
Gilder also discusses the history of technology, artificial intelligence, and the revolutionary bitcoin. He argues that artificial intelligence can never replace human intelligence and creativity and that in principle, it is impossible for machines to take over.