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

[Toxic2040]

As we narrowly miss seeing a possible evening star doji bitcoin continues to trade above $5k on stalled momentum. Further consolidation along the 0.236 fib seems probable in the short term as longer time frame indicators begin to relax. #dyor



D

#stronghands'19

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[katrinmi]

[Toxic2040]

 

gigo

not bad

+1WOsMerit

[jojo69]

Does anybody know if there are rules about switching between LIFO and FIFO?

my duckduckfu is failing me

[HairyMaclairy]

Does anybody know if there are rules about switching between LIFO and FIFO?

my duckduckfu is failing me

I would be very surprised if you could switch in relation to the same asset. You might be able to apply different rules to different assets.

Edit:  this suggests using FIFO on a wallet by wallet basis.

https://bravenewcoin.com/insights/capital-gains-on-cryptocurrency-fifo-lifo-or-specific-identification

[goldkingcoiner]

Time to go to sleep. I am expecting a bounceback around 4,7k back to 4,9k and from there we go back to 4,4k if I am being a pessimist next week. Also, the September futures are looking juicyyy

Also Goosy, I love your food but I kind of wish the portions were bigger. Ever had a straight up hog shank with beer sauce and knödel? Thats the food of the gods hodlers.

Dearest goldie:

I hope that you are not attempting anything even close to the ballpark of an 80x** bet on downwards BTC price movement in the price territories that you describe that would be 60% in the bestest of short-term scenarios.



**  Even a 10x or 20x bet could R3ckt a guy very quickly and decisively with only a modest move in the price direction opposite his bet.

Thank you for worrying. As of now I think I will just hedge short and see where we go.

[smartcomet]

https://twitter.com/TuurDemeester/status/1117158105563971584

Bitcoin adoption is roughly tracking the trend for internet adoption. I made this in 2014, predicting 500M holders by 2020. @Wences estimates that we're currently at 60M Bitcoin holders.

but
Bitcoin addresses richer than 100 usd$ : 5,140,605
https://bitinfocharts.com/top-100-richest-bitcoin-addresses.html

i guess there are only 20M total crypto users  in the world now, so reaching 500M holders is long way to go, maybe 2028.

[lightfoot]

Does anybody know if there are rules about switching between LIFO and FIFO?

my duckduckfu is failing me

I would be very surprised if you could switch in relation to the same asset. You might be able to apply different rules to different assets.

Edit:  this suggests using FIFO on a wallet by wallet basis.

https://bravenewcoin.com/insights/capital-gains-on-cryptocurrency-fifo-lifo-or-specific-identification

Depends. I use LIFO because as a miner and fixer of things I need to expense costs at the time I am getting the bitcoin. Therefore it makes absolutely no sense to use FIFO (it's operating capital not investments). Truth is you wind up paying the same amount in taxes anyway because as I withdraw more I go deeper into my "stack" into coins made at a high price, and at a lower price.

You just don't change mid-stream. I suppose if you get a new wallet and fill it with new coins you could switch for that wallet, but if you ever move coins from your LIFO wallet into the FIFO one you would have to record the LIFO profit/loss first then use today's price as the basis point for the new FIFO coins.

Either way you're fucked in the long run.

[jojo69]

bunch of fucking bullshit

[lightfoot]

bunch of fucking bullshit

Sure. But coherent bullshit.

[Hueristic]

I'm actually a bit of a collector (or want to be when I have the space) of the vintage 80s micros. My only decent one at the moment is the Epson HX-20 (first laptop), it has a built-in dot matrix and micro cassette, I use it for printing out wallet seeds and passwords private keys etc. Very cool. Also, my son enjoys learning to type on it, because of the printer.

heh i have a bit of a collection of early (early to me, i envy you guys with the serious old iron stuff) computers too.

* timex sinclair ts 1000 (zx-81 clone) with 16k ram expansion and sparky printer - my 1st computer
* commodore 64 with tape drive and 2x1541 floppy drives
* trs-80 model 100, looks very similar to your Epson HX-20 but minus the printer (very early portable laptop type computer) with 2400 (or maybe 1200  baud) modem
* trs-80 model one with expansion interface, 48k ram, tape drive, 4x5.25 floppy drives
* lnw-80 (trs-80 clone, uses trs-80 5.25 drives plus two shugart 8 inch drives)
* trs-80 model 4P (two) with 128k ram, bank switched, runs cp/m as well as native trsdos - a portable computer the size and weight of a sewing machine, but it has a handle and is fully self contained. find an outlet and youre up and running, has two 5.25 drives and a green screen plus a built in 2400 baud modem
* apple mac classic and mac plus (plus an external apple hard drive)
* apple lisa (two) - the later lisas, not the 1st model
* one of the 1st ibm clones (cant remember the name), 8088 (8086?), 8 bit expansion slots.. love that HUGE red power lever. took the hard drive like 5 minutes to spin down on power off.

everything boots.

all work but the floppies are getting to be hit or miss now. there are various software/hardware adapters to use another computer to simulate floppies/hard drives.. gotta seriously look into them.

i cut my teeth on those things. all have a fond place in my heart, many many hours of fun and learning.

IIRC norton utilities has a diskette refresh recovery utility but I'm not sure if it was os dependant. I think it was sector based.

[Retina]

Happy Bangla new year, thanks all Bitcoin lover celebrite "Elish and Pantha" 

[HairyMaclairy]

I use exclusively LIFO.  Tax delayed is tax unpaid. But I’m not in the US.

[Hueristic]

Yeah, I had an Osborne, very similar, ran CP/M, not my first though

My Zenith 5150 had cp/m, not for long though.

You guys remember this?



I spent hours...days playing it

Afraid I don’t know what that is.  

This one though I had hours days years played ....

This one took me 6 months for the first game.

[jojo69]

Sure. But coherent bullshit.

I beg to differ.

Were it, in fact, coherent, I would not mind paying near as much as I do.

It is the unnecessary complexity and intentional opacity that offends me the most.

[xhomerx10]

Happy Bangla new year, thanks all Bitcoin lover celebrite "Elish and Pantha" 

 Happy New Year and Bon Appetit!

As an aside I was looking for a Bengali translation for bon appetit and I found উপভোগ ক্ষুধা which when google-translated literally means "enjoy hunger"
 lol  translation fail!

[Retina]

Happy Bangla new year, thanks all Bitcoin lover celebrite "Elish and Pantha" 

 Happy New Year and Bon Appetit!

As an aside I was looking for a Bengali translation for bon appetit and I found উপভোগ ক্ষুধা which when google-translated literally means "enjoy hunger"
 lol  translation fail!

Google translate Does not always give correct answers, Sometimes fail negative answers 

[kenzawak]

OMG, Jihan:

Calvin's full name even means 'my little bald penis'. I'm not even kidding.

 

Is this his real page seriously ? I checked some of his tweets, they're... hilarious.

[kenzawak]

Binance Research Report Claims That Less Than 7% of Crypto is Owned by Institutions

https://www.newsbtc.com/2019/04/13/binance-research-report-claims-that-less-than-7-of-crypto-is-owned-by-institutions/

"Binance – explained that an estimated 7% of all cryptocurrencies are already owned by institutional investors, signaling that the crypto markets have a long way to go before they are flush with institutional capital."

[Hueristic]

Binance Research Report Claims That Less Than 7% of Crypto is Owned by Institutions

https://www.newsbtc.com/2019/04/13/binance-research-report-claims-that-less-than-7-of-crypto-is-owned-by-institutions/

"Binance – explained that an estimated 7% of all cryptocurrencies are already owned by institutional investors, signaling that the crypto markets have a long way to go before they are flush with institutional capital."

Thats already way too much!