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Question: How many BTC does it take to be a fuckyoucoiner?
1 - 13 (11.1%)
2-9 - 3 (2.6%)
10-19 - 5 (4.3%)
20-39 - 5 (4.3%)
40-69 - 9 (7.7%)
70-99 - 5 (4.3%)
100-149 - 19 (16.2%)
150-199 - 4 (3.4%)
200-499 - 9 (7.7%)
500-999 - 10 (8.5%)
1000+ - 35 (29.9%)
Total Voters: 117

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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 21071970 times)
This is a self-moderated topic. If you do not want to be moderated by the person who started this topic, create a new topic. (13 posts by 6 users deleted.)
d_eddie
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October 03, 2018, 02:53:49 PM

Bitcoin doesn't give a fuck what regulations we put on it. If it ever does, we'll just use Monero.

For crypto transfers, large or small, it's a good solution indeed. But if conversion to fiat is needed, it's back to KYC/AML one way or another.

In several years, I'm hoping we won't need fiat conversion. But yeah, we're pretty much stuck in KYC/AML hell until then.
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.

In other words:
Crypto does not solve the laundering problem nor really helps in tax evading in a significant way.
... but creative corporate accounting does. Boxes inside boxes, that kind of stuff.
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October 03, 2018, 03:00:27 PM

laws always work better for the ownership class

just make sure you land on the right side of the fence
micgoossens
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October 03, 2018, 03:07:21 PM

via Imgflip Meme Generator

 Grin LOL ,BCH what a Joke......
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October 03, 2018, 03:11:59 PM
Merited by JayJuanGee (1)

This will be Rosewater and all weak hands look, when Bitcoin recovers and reaches new ATH's.

I know that 6 digit price looks impossible now, but in several years it WILL become reality. Bitcoin is here to stay, for sure. With more and more Bitcoin atm's, there will be no need to convert to fiat.
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October 03, 2018, 03:14:55 PM
Merited by BobLawblaw (1)

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

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  Tongue
pönde
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October 03, 2018, 03:19:44 PM

Bitcoin doesn't give a fuck what regulations we put on it. If it ever does, we'll just use Monero.

For crypto transfers, large or small, it's a good solution indeed. But if conversion to fiat is needed, it's back to KYC/AML one way or another.

You can convert to fiat without passing KYC/AML. I mean, you could potentially find someone that gives you a briefcase full of cash fiat for your crypto no questions asked. But you have not laundered anything as you end up with an "out of the system" briefcase full of cash that you can use for your daily spending but not for making a high value purchase (real estate, lambo, stocks, etc) without laundering it first.

Crypto does not solve the laundering problem nor really helps in tax evading in a significant way.


I think finally crypto will sneak in everyday trade and begin replace fiat. So need for krypto-fiat exchange will decline. First crypto will be used to buy un-tangible commodities like webhosting. Monero can already be used for it.
https://www.reddit.com/r/Monero/comments/9kk8ar/you_can_now_buy_webhosting_with_monero/

Well, problems will arise if the secret police looks account book and finds out the crypto to be used. But when the systems like file sharing, computing, AI and such will begin to buy and sell resources with other such systems, using cryptos, while they are unable to handle the momentary heavy load, there is no need to give receipts or write anything to account book. So there is no way to get busted.

And these purchases between the systems can happen millions in every second and they will ultimately be so significant for the operation of technology that it is impossible to interfere with them. Mankind just depends too much of them. Too big to fail.

Also, people could buy resources from decentralized systems by crypto. Again. No receipts no account books. No way to get busted.

One of these kind on could be a decentralized twitter or reddit. People could pay for the system to store their message for some period of time. After that the message is destroyed. The max strorage time could be one month. That is long time enough to to brake down the corrupted power of centralized twitter and such. Also, this way the storage size will not increase for ever.

Are there any of this kind of a service available?
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October 03, 2018, 03:27:24 PM





https://twitter.com/cryptostardust/status/1047139458422886400
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October 03, 2018, 03:42:55 PM

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/
jojo69
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October 03, 2018, 03:44:10 PM

nobody wants the petro
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October 03, 2018, 03:48:50 PM
Merited by JayJuanGee (1)

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.
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October 03, 2018, 04:21:54 PM
Merited by bones261 (2)

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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October 03, 2018, 04:23:56 PM
Merited by Last of the V8s (1)

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

Quote
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.
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October 03, 2018, 04:41:26 PM



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!!!!
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October 03, 2018, 05:02:48 PM
Merited by bitserve (1)

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

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  Tongue

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.
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October 03, 2018, 05:06:08 PM

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

Quote
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..?
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October 03, 2018, 05:09:43 PM
Last edit: October 03, 2018, 05:52:44 PM by BobLawblaw

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.

EDIT: (30 minutes later) OK. Just to be absolutely sure, I need to test with Beer #4 before writing this experiment off as an abject failure; Attempting to will BTC prices into positive territory via focused and disciplined meditative alcoholic consumption.
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October 03, 2018, 05:14:03 PM

a sober up week nice

Give yourself a break this weekend Grin
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October 03, 2018, 05:16:27 PM
Merited by JayJuanGee (1)

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 Wink
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October 03, 2018, 05:27:19 PM

(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 Wink
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!"
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October 03, 2018, 05:27:43 PM
Merited by BobLawblaw (2)

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
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