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

[jbreher]

This is amazing... back in 2009:



https://twitter.com/DrBitcoinMD/status/1165004233663496197

Yeah, but sad to see Hal make such a logic error. If the currency equalled the value of worldwide wealth, that would make all wealth the currency, leaving real wealth -- houses, cars, industrial equipment, agricultural stocks ... everything -- completely worthless.

[El duderino_]

I let my hair and beard grow for one year after I was given two life sentences plus forty years without parole.
Then I drew this picture of me in my cell...



https://twitter.com/RealRossU/status/1164572903750295552?s=20
https://medium.com/@RossUlbricht/life-in-a-box-c1a90666fabd

If someone should get another chance.... what a waste of a young mans life 

[El duderino_]

Contrarian view: 9080 was the bottom, ~one more month of sideways then we continue steadily upwards.

Don’t fight a once-in-a-millenium, civilization-changing phenomenon to try to snag a potential 8% off of a local short.

Don’t fight the trend.
Submit to it.
Embrace it.



https://twitter.com/MustStopMurad/status/1164937989774090241?s=20

[/quote]

It can go faster for me, but I can live with the idea of a steady op for a while

[rebal15]

https://www.forbes.com/sites/investor/2019/08/23/bitcoin-is-the-new-gold-trade-war/#1dbad2675953

Bitcoin Is The New Gold: Trade War
"We can see gold getting a little lead on bitcoin (BTC) in London when the China retaliation news hits but look at BTC exploding a good 90 minutes ahead of the U.S. news, well before gold, both well before the equities markets get wind of it and react."


R0ach: rebuttal?

The whole article is a shit. Hodlers agrees of shit if it is positive for bitcoin.

Correction:
some Hodlers agrees of shit if it is positive for bitcoin.

[El duderino_]

Enough Mic spam  

Of to the HODLnest for a good deep HODLsleep

[lightfoot]

The list of reasons to hold bitcoin keeps growing:

Imagine five years ago if in one solitary week the president of the United States of America -


Referred to himself as 'the chosen one'

'Hereby' ordered all American companies to leave China just like that.

Attempted to buy another country and called the PM of its custodian 'nasty' and cancelled his visit when they said they weren't too keen.


Truly, we are living in v strange times.

I do wonder what happened to the "Oath Takers", those guys who would do anything to protect the constitution against an overreaching President.

Weird.

[El duderino_]

Presented without comment



https://twitter.com/bitcoinmom/status/1164985323090132992?s=20

good good

[gentlemand]

I do wonder what happened to the "Oath Takers", those guys who would do anything to protect the constitution against an overreaching President.

Weird.

I think they're pissing in his Big Macs and the effects are slowly becoming increasingly apparent. All that Urea is forming crystals in his brain. I predict it will shatter on live TV.

[Cryptotourist]

This is amazing... back in 2009:



https://twitter.com/DrBitcoinMD/status/1165004233663496197

Yeah, but sad to see Hal make such a logic error. If the currency equalled the value of worldwide wealth, that would make all wealth the currency, leaving real wealth -- houses, cars, industrial equipment, agricultural stocks ... everything -- completely worthless.

household

And much like  e v e r y t h i n g has a value in $ or whatever fiat atm, similarly, e v e r y t h i n g will have a value expressed in BTC.
No error in the logic there man. In the year 2140.

[HairyMaclairy]

Looks like the IRS is hell bent on destroying investors...
https://cointelegraph.com/news/crypto-taxation-around-the-globe-what-do-regulations-look-like

Countries without tax on crypto

Malta
Portugal
Belarus
Panama
Puerto Rico
Singapore (individuals don't pay tax on profits from the crypto trading)
Slovenia (if you have less than 100 tradable days per year)
Germany (if you hold at least 1 year)
Liberland (very pro-bitcoin micro state)
Austria (if you hold at least 1 year)

Denmark is still taxless. It won't STAY that way, getting out while I can.

As a private person, non professional, prfits from monetary metals and BTC are taxfree in Belgium also. Even no need to declare as income.

How are they going to know that you are holding crypto if you do not publicly disclose your addresses? It's only possible if someone is willingly paying their tax and one should do so.

KYC. At some point most people have to get on a gateway to convert fiat to crypto and, at least in the developed countries, those are increasingly requiring stringent identification. Additionally there are some smart people that are already creating tools to track wallet movement and they can use a variety of techniques to tie those to people and groups. Basically, it wouldn't be smart to count on avoiding the taxman.

The tax man may not be able to track your transactions today.  But it is a public blockchain and records are there forever.  The tax man will eventually figure it out.

[HairyMaclairy]

The list of reasons to hold bitcoin keeps growing:

Imagine five years ago if in one solitary week the president of the United States of America -


Referred to himself as 'the chosen one'

'Hereby' ordered all American companies to leave China just like that.

Attempted to buy another country and called the PM of its custodian 'nasty' and cancelled his visit when they said they weren't too keen.


Truly, we are living in v strange times.

But Obama ordered a hamburger with Dijon mustard

https://youtu.be/cAvq12Sa3VE

So that makes it even

[El duderino_]

The list of reasons to hold bitcoin keeps growing:

Imagine five years ago if in one solitary week the president of the United States of America -


Referred to himself as 'the chosen one'

'Hereby' ordered all American companies to leave China just like that.

Attempted to buy another country and called the PM of its custodian 'nasty' and cancelled his visit when they said they weren't too keen.


Truly, we are living in v strange times.

But Obama ordered a hamburger with Dijon mustard

https://youtu.be/cAvq12Sa3VE

So that makes it even

And in Pulp fiction... Samuel L Jackson gets crazy, we Belgium guys eating French fries with mayonaise

[El duderino_]

^
Turning around and back in HODLsleep.......

[HairyMaclairy]

Nite mic

[Lambie Slayer]

https://www.zerohedge.com/news/2019-08-23/unprecedented-shocking-proposal-boes-mark-carney-urges-replacing-dollar-libra


"Then along came former Goldman banker and current (outgoing) BOE governor, Mark Carney, who in his lunchtime address laid out a shocking, radical proposal - perhaps the most stunning thing to ever be unveiled at Jackson Hole - urging to replace the US Dollar with a "Libra-like" reserve currency in a dramatic revamp of the global monetary, financial and economic order."


I think Carney really just wants to make Bitcoin the Global Reserve, he just brought up "Libra-like" as a Trojan Horse.  His Corn bags are full of course. 

[Millionero]

The list of reasons to hold bitcoin keeps growing:

Imagine five years ago if in one solitary week the president of the United States of America -


Referred to himself as 'the chosen one'

'Hereby' ordered all American companies to leave China just like that.

Attempted to buy another country and called the PM of its custodian 'nasty' and cancelled his visit when they said they weren't too keen.


Truly, we are living in v strange times.

But Obama ordered a hamburger with Dijon mustard

https://youtu.be/cAvq12Sa3VE

So that makes it even

And in Pulp fiction... Samuel L Jackson gets crazy, we Belgium guys eating French fries with mayonaise

Are you Flemish or Walloon?

[STT]

the most stunning thing to ever be unveiled at Jackson Hole - urging to replace the US Dollar with a "Libra-like" reserve currency

Maybe he is hoping for a million a year job with a company like that advising.  The idea isnt new, its already in existance and I dont believe it was ever intended for one country to be the global reserve.  It has always been intended to be split with various nations as a percentage reserve.    I dont know what is in effect the case now but obviously Dollar is dominant in world trade for many reasons current and historic.

THe system thats already in operation and was last commonly mentioned around 2008 is the SDR system operated by the IMF.   Again its FIAT basically with some gold and heavy political bias in there.    SDR would take over from USD most likely.   I think Carney is hoping to take over the IMF job that is changing if I remember the news right.


I would relate this to Alan Greenspan talking about gold standard, completely seperate to how he operated policy when in office really.

[Biodom]

Things are becoming more and more chaotic.
My preference would be for flat equities and for bitcoin to appreciate against this background.
It does not look this way at the moment.
Dow is actually below its Jan 22, 2018 value, some bull market we have. Oh, well.

I am still of the opinion that bitcoin needs at least a flat market to grow.
If stocks would get seriously smashed, btc would decline as well, at least initially.

Carney's libra-like ideas are meaningless without multiple major countries backing it and I don't see anyone even acknowledging it (so far).

[RoomBot]

If a european moved to PR, what would the tax situation look like?

I'd be more worried about hurricane shelters than tax shelters in Puerto Rico. On the plus side, you probably won't run out of paper towels anytime soon.

No, Trump took all the paper towels back with him on AF1.  Just a photo-op.

 

[RoomBot]

If a european moved to PR, what would the tax situation look like?

I'd be more worried about hurricane shelters than tax shelters in Puerto Rico. On the plus side, you probably won't run out of paper towels anytime soon.

No, Trump took all the paper towels back with him on AF1.  Just a photo-op.

 

Don't ANYONE approach the Orange Cheeto about Bitcoin.  He'll flip, he'll flop, he'll create total chaos.  Keep him focused on the stock market, FFS.