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

[Toxic2040]

Do you still have coins/have bought back ?

Yesterday and today, BTC drops about ~10%. Meanwhile my company's stock, which was stuck in a narrow range for the whole year, jumps 10%, almost making up the difference !

I think it's even positive if considering the tax situation, as the company stock is completely tax free.

I would probably sell about 1BTC worth and buy a coin, if that wasn't unreasonable and not my current plan. That will wait until I got a house.

Well...you see about that...

There was this terrible boating accident awhile back...afraid to say....all that data was lost..permanently.  I try to carry on as best as I am able.

[JayJuanGee]

[edited out]

That being said..Id be happy to compare strike rates anytime.   

What are "strike rates?"  Similar to penis sizes?

[aesma]

Toxic2040 : ah yes I remember having read something about it.

[HairyMaclairy]

[edited out]

That being said..Id be happy to compare strike rates anytime.    

What are "strike rates?"  Similar to penis sizes?

= Lambos and WAGs

[Toxic2040]

[edited out]

That being said..Id be happy to compare strike rates anytime.   

What are "strike rates?"  Similar to penis sizes?

Yes Jay..exactly.     


-------

Toxic2040 : ah yes I remember having read something about it.

I am sure I am not the only unfortunate one out there to experience such a terrible tragedy...let alone the first.

[makrospex]

[edited out]

That being said..Id be happy to compare strike rates anytime.   

What are "strike rates?"  Similar to penis sizes?

Lambo horsepowers 

[Hueristic]

If bitcoin falls to 5k that would be the first time in bitcoin's history to make a 8 month bull trap and go bearish again.

This time it is different. ™

Why so?

Institutional futures for one.

Mic = no computer expert

And out in a few minutes, its thursday @the movies day

Thx for reminding me,


Stfu JJG!

[JSRAW]

"Theymos Is Deleting Bitcoin's History - Roger Ver"    

https://www.youtube.com/watch?v=hU7343Ji8GI

Theymos Reply in Meta

What really happened was that in 2012 he posted his Bitcoinica topic twice: once mistakenly in the Russian section, and once in the proper section. Then recently a Russian user happened to stumble across the Russian duplicate for some reason, reported it as non-Russian-language, and a Russian mod archived it. The real topic with replies was never touched. You can verify all of this with archive.org if you want.

I wonder if he's actually paranoid enough to believe that I'm secretly editing this kind of ancient history for some arcane reason (while also sending out notifications about it), or if it's pure propaganda. I've always found it amusing how Roger Ver, who styles himself some "high-powered CEO", seems to get so worked up about little old me, a 4chan troll at heart who admits to having essentially zero personal ambition.

 Original thread with replies

@John don't worry bro, but i do feel bad for him because of hack.

[John Abraham]

"Theymos Is Deleting Bitcoin's History - Roger Ver"    

https://www.youtube.com/watch?v=hU7343Ji8GI

Theymos Reply in Meta

This statement is true if you know how much true his claim of BCH as real BTC.

Don't make this news so viral, this is probably his target to get attention from newbie and trapped them into BCH as real BTC.

[SuperTA]

@Hueristic

If you mean Bakkt,  they will have physically settled bitcoin futures so it won't have unregulated and manipulative market activity.
I heard before that the futures will bring bitcoin from 20k to $700. Well it didn't. It corrected as always around 80% in the bear markets.

[El duderino_]

If bitcoin falls to 5k that would be the first time in bitcoin's history to make a 8 month bull trap and go bearish again.

This time it is different. ™

Why so?

Institutional futures for one.

Mic = no computer expert

And out in a few minutes, its thursday @the movies day

Thx for reminding me,


Stfu JJG!

Angel has fallen.... it was better as the previous 2 movies (not a +8 movie but enjoyable)

[Biodom]

Most fiat money is debt, so negative interest rates mean that more money gets borrowed, meaning more debt is created, meaning more money is being printed.
Asset inflation continues unabated.
Market will lose confidence in the sustainability of money-printing suddenly.

https://twitter.com/jimmysong/status/1167203731550670851?s=21



Mmmmmm plan BTC

Suddenly? I thought so too, then remembered that Japanese are at it since 1989 (for 30 years).
I don't wish for that day to come, so this suspended animation might be OK
I give the sudden loss of confidence 50:50 chance in the next 10-20 years.

[El duderino_]

Most fiat money is debt, so negative interest rates mean that more money gets borrowed, meaning more debt is created, meaning more money is being printed.
Asset inflation continues unabated.
Market will lose confidence in the sustainability of money-printing suddenly.

https://twitter.com/jimmysong/status/1167203731550670851?s=21

Mmmmmm plan BTC

[JayJuanGee]

[edited out]

That being said..Id be happy to compare strike rates anytime.    

What are "strike rates?"  Similar to penis sizes?

= Lambos and WAGs

What are WAGs?

[edited out]

That being said..Id be happy to compare strike rates anytime.    

What are "strike rates?"  Similar to penis sizes?

Yes Jay..exactly.    

Hm?  You are strutting a decent amount of confidence, even while I have no recollection of my Opsec devolving in that measure of grandeur or lackenings.

[edited out]

That being said..Id be happy to compare strike rates anytime.   

What are "strike rates?"  Similar to penis sizes?

Lambo horsepowers 

That's starting to make sense.

[Saint-loup]

China could launch its cryptocurrencyCBDC as soon as November 11...

Speaking under terms of anonymity, the source, who previously worked for the Chinese government, confirmed that the technology behind the cryptocurrency has been ready since last year and that the cryptocurrency could launch as soon as November 11, China’s busiest shopping day, known as Singles Day.

Paul Schulte, who worked as global head of financial strategy for China Construction Bank until 2012, says the largest bank in the world, the Industrial and Commercial Bank of China, the second largest bank in the world, his former employer, the Bank of China, the Agricultural Bank of China; two of China’s largest financial technology companies, Alibaba and Tencent; and Union Pay, an association of Chinese banks, will receive the cryptocurrency.

At the time of launch, the recipient institutions will then be responsible for dispersing the cryptocurrency to 1.3 billion Chinese citizens and others doing business in the renminbi, China’s fiat currency, according to the source.

https://www.forbes.com/sites/michaeldelcastillo/2019/08/27/alibaba-tencent-five-others-to-recieve-first-chinese-government-cryptocurrency/

[Biodom]

WAGs=wives and girlfriends, usually of famous personalities, rockstars and/or football players (football that is called soccer in US).
This term is not typical in US, mostly in use in UK and probably Australia.

[realr0ach]

Most fiat money is debt, so negative interest rates mean that more money gets borrowed, meaning more debt is created, meaning more money is being printed.
Asset inflation continues unabated.
Market will lose confidence in the sustainability of money-printing suddenly.

https://twitter.com/jimmysong/status/1167203731550670851?s=21

I don't like this tweet because it doesn't really address the correct mechanics or ramifications of negative interest rates at all.  There's a lot of points you can discuss when talking about negative interest rates and how none of it makes sense or will work from a theoretical or real world perspective, but I think one of the big issues that nobody discusses is that negative interest rates are essentially helicopter money for the rich.  Why?  Because in negative interest rates you technically get paid to borrow, but here is the kicker...only the people who are already rich are qualified borrowers in the first place for being given vast sums of money for investment potential.

What happens then?  If rates are just negligibly negative then not a whole lot happens economically besides the price of silver and gold going up.  Nobody is going to borrow vast sums of money if they think the interest rate can flip back on them and catapult to 10-20% or something.  To get the actual effects wanted by negative interest rates (things like increased money velocity and mass inflation) you would need massively negative rates to lure anyone into taking the arb opportunity, and then it REALLY IS helicopter money for the rich aka 'the most qualified borrower'.

Negative rates - and just how low you would need to try and set them to have an effect in this context - are even worse than standard Ben Bernanke helicopter money where the govt just hands people money out of the blue.  At least that has an even distribution and works as an actual macro correction mechanism.  Helicopter money for the rich while wealth distribution and income inequality are already laughable is totally insane unless your goal is to cause societal collapse and anarchy.

[jbreher]

Retiring to Portugal, 

https://cointelegraph.com/news/portugal-tax-authority-bitcoin-trading-and-payments-are-tax-free

Does not matter if you are a U.S. Citizen, you always have to pay income tax no matter where you are in the world.

You can't change U.S. citizenship?

As I posted in reply to you several days ago (albeit with not as much specificity, as I thought all needed was a reminder), you can renounce your US citizenship, but you get taxed for the privilege of doing so. Heavily.

[JayJuanGee]

WAGs=wives and girlfriends, usually of famous personalities, rockstars and/or football players (football that is called socccer in US).
This term is not typical in US, mostly in use in UK and probably Australia.

Oh.  Good implication that HODLers, including yours truly, are gonna be (if not already) famous (presumably through level of rich).

[jojo69]

Retiring to Portugal, 

https://cointelegraph.com/news/portugal-tax-authority-bitcoin-trading-and-payments-are-tax-free

Does not matter if you are a U.S. Citizen, you always have to pay income tax no matter where you are in the world.

You can't change U.S. citizenship?

As I posted in reply to you several days ago (albeit with not as much specificity, as I thought all needed was a reminder), you can renounce your US citizenship, but you get taxed for the privilege of doing so. Heavily.

They take half as I understand it.

Land of the free indeed.