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

[jbreher]

https://www.atr.org/biden-capital-gains-tax-we-should-raise-tax-back-396-percent?amp

"Households subject to Obamacare’s 3.8 percent Net Income Investment Tax end up paying a 23.8% rate. And under Biden’s cap gains scheme, such households will face a 43.4 percent rate."

There are many countries you could move your residence adress to. We gave you a list of alternative countries with no tax and many commented about their country tax situation. So if you have 1 million, there shouldn't be a big problem for you.

There is no escaping the US with a big chunk of untaxed capital gains.

[El duderino_]

Good evening WO!
Observing @ $10,070 while watching Liverpool vs Arsenal. We are 1 - 0 ahead by the way.

Come on Liverpool!

I don't like football, but I'm glad for you and for LFC.

Let's go BTC

And me

[BTCMILLIONAIRE]

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.  

derp derp

Roach, I found your mom for you. If you are wondering what she has been doing, she is running for City Council

https://www.washingtonpost.com/nation/2019/08/24/this-city-wanted-be-welcoming-then-candidate-vowed-keep-marysville-white-community/?noredirect=on

 https://www.youtube.com/watch?v=DDe-QQW2kqQ

This video is well worth a watch, the way the reporters interact with her is hilarious.

The hypocrisy in the comments is quite astounding, although not at all surprising.

Marrying within a group is a common theme among many demographics, including (parts of) Jews, Muslims and Mormons among others.

Just goes to show how many people on all sides just want to hate more than anything else. The more I watch people's behaviours the more just the world appears.

[Biodom]

Not that most people here need convincing, but here is a very detailed description of why bitcoin investment is much preferred over alts:

https://medium.com/@damiandurruty/bitcoin-not-ethereum-4d916f519f11

[BitcoinGirl.Club]

Good evening WO!
Observing @ $10,070 while watching Liverpool vs Arsenal. We are 1 - 0 ahead by the way.

Come on Liverpool!

I don't like football, but I'm glad for you and for LFC.

Let's go BTC

And me

I was predicting a 3 - 1 win and we did 🤪

[mindrust]

June 11 2017, first time we hit the MM 2.5 after a long break of ~3.5 years since the Gox crash. On June 26 2019, we again went above 2.5 MM since January 9 2018. After ~1.5 years.

The consolidation might take a bit longer but, sooner or later, if things go like we all expect, more or less, the chart will look like this.



We are getting closer,

to the endgame.

[Millionero]

noggers

Do you refer to persons of the negro persuasion?

[OverEasy]

...
The consolidation might take a bit longer ...

Interesting find, mindrust. But ATH before halving is impossible, isn't it? So I would extend everything on the time axis.

[Biodom]

June 11 2017, first time we hit the MM 2.5 after a long break of ~3.5 years since the Gox crash. On June 26 2019, we again went above 2.5 MM since January 9 2018. After ~1.5 years.

The consolidation might take a bit longer but, sooner or later, if things go like we all expect, more or less, the chart will look like this.



We are getting closer,

to the endgame.

Maybe, but timewise you are are projecting it to happen too fast.
On your graph note a jump from 450 to around 850 (in 2016)...this happened at prior halving.
If halvings are the engine, we might be range bound at least until May of 2020.
On the other hand, if halvings would have only minor influence from now on and we discount them earlier, THEN you might be right.

[mindrust]

...
The consolidation might take a bit longer ...

Interesting find, mindrust. But ATH before halving is impossible, isn't it? So I would extend everything on the time axis.

Nice catch, that's why I said, it would take a bit longer.

That's the only concern I have here.

filbfilb (some TA god) on the other hand also said this bull run might develop earlier than we all guessed so who knows.

*He said it, because we exactly know what happens after the halving, so,,, many of us will start accumulating a lot earlier than the halving date (if already haven't started),,, means, it might rocket a lot earlier. We weren't so sure about this in 2017. (I wasn't)

Edit: I missed something, just realized my mistake but I am too ashamed to say it, anyway we are all speculating.   I'll only tell this much, you probably should move the moon chart to the right by 5-6 months. What I said about "if things start sooner" is still valid though.

Edit2: Nope, I guess It looks fine as it is.

[Raja_MBZ]

This is what I'm seeing on BTC dominance graph:



Seriously, IF this breaks down, go get some alts to further increase your BTC stash.

[ssmc2]

...
The consolidation might take a bit longer ...

Interesting find, mindrust. But ATH before halving is impossible, isn't it? So I would extend everything on the time axis.

Nice catch, that's why I said, it would take a bit longer.

That's the only concern I have here.

filbfilb (some TA god) on the other hand also said this bull run might develop earlier than we all guessed so who knows.

*He said it, because we exactly know what happens after the halving, so,,, many of us will start accumulating a lot earlier than the halving date (if already haven't started),,, means, it might rocket a lot earlier. We weren't so sure about this in 2017. (I wasn't)

Yeah, sooner/later isn't as relevant as the peak and subsequent drop. If you're into EW jazz that wave could end up being III of a 5 wave run-up culminating with a 300k+/- peak around end of 2021.

[mindrust]

This is what I'm seeing on BTC dominance graph:

https://i.imgur.com/v08gssG.png

Seriously, IF this breaks down, go get some alts to further increase your BTC stash.

This, looks scary af. Looks like there is only one more jump left in it (to %75) and then it is a downside disaster.

[Biodom]

...
The consolidation might take a bit longer ...

Interesting find, mindrust. But ATH before halving is impossible, isn't it? So I would extend everything on the time axis.

Nice catch, that's why I said, it would take a bit longer.

That's the only concern I have here.

filbfilb (some TA god) on the other hand also said this bull run might develop earlier than we all guessed so who knows.

*He said it, because we exactly know what happens after the halving, so,,, many of us will start accumulating a lot earlier than the halving date (if already haven't started),,, means, it might rocket a lot earlier. We weren't so sure about this in 2017. (I wasn't)

Yeah, sooner/later isn't as relevant as the peak and subsequent drop. If you're into EW jazz that wave could end up being III of a 5 wave run-up culminating with a 300k+/- peak around end of 2021.

I have a slightly different long term scenario.
BTC rises to 55-60K during this bull, perhaps 350K in the next, but then succumbs to a long term bear market.
Maybe it would coincide with economic decline, maybe not, but these neat halving-induced bumps would stop (or be diminished) at some point. The timing of bear market would depend on when we will reach the mid term peak, which would be around 300-400K in the best case scenario, IMHO.

[mindrust]

We all expect and know, there will be a time in the future, Bitcoin will become just like Gold.

Lifeless, non-volatile, boring.

As long as we do these %20 daily/weekly swings, it means we still haven't gotten there.

[jbreher]

PR is not a country and as Jbreher said not tax free for Crypto,

While true, if you enter into contract with PR gov under Act 20 or 22, there are huge tax advantages - crypto or not.

[mindrust]

Check this out:
https://www.tradingview.com/chart/BTCUSD/1QSGColK-My-Secret-Chart-For-When-To-To-Buy-Bitcoin-In-A-Bullish-Trend/

Hot on tradingview lately.

[SuperTA]

Check this out:
https://www.tradingview.com/chart/BTCUSD/1QSGColK-My-Secret-Chart-For-When-To-To-Buy-Bitcoin-In-A-Bullish-Trend/

Hot on tradingview lately.

I talked about it a few days ago in this thread. I made a chart, his "secret",  9 days before him. But now it probably won't work cuz too many people will trade the same thing.

[mindrust]

Check this out:
https://www.tradingview.com/chart/BTCUSD/1QSGColK-My-Secret-Chart-For-When-To-To-Buy-Bitcoin-In-A-Bullish-Trend/

Hot on tradingview lately.

I talked about it a few days ago in this thread. I made a chart, his "secret",  9 days before him. But now it probably won't work cuz too many people will trade the same thing.

I must have missed it :/

[SuperTA]

Well nobody seemed to care cuz no one commented anything about it. But it doesn't matter cuz probably won't work anyway.