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

[d_eddie]

Not Sunday, I know
But sudden impulse to buy...
It must be the dip.

#haiku

[Negotiation]

2019 - "Can't use #Bitcoin for payments lol fees are WAY too expensive"

1994 - "Can't use the internet for news lol ISPs are WAY too expensive"

How about shut up while we build this shit out



Source link: https://twitter.com/notsofast/status/1167145806777991168

[realr0ach]

2019 - "Can't use #Bitcoin for payments lol fees are WAY too expensive"

1994 - "Can't use the internet for news lol ISPs are WAY too expensive"

How about shut up while we build this shit out

https://i.imgur.com/M7rkfyi.png

Crap comparison because ISPs can operate independently from one another, and things like Buttalik Butterin 'sharding' - parallel processing - nullifies the entire security model and purpose of a sequential linked list in the first place. Anything 'blockchain' is inherently high overhead and low performance, which is why people like Fuserleer were forced to get rid of it entirely to try and build his "eMunie" system.  But then you just have some fragile steady state system with garbage state recovery only suitable for a centralized payment processor like Paypal that does their own backups.  The actual working "shit" with infinite throughput, fungibility, security, and everything else is already "built out".  It's called physical metals. 

Can humans make a better payment system than what nature has already provided?  You can make a system for sending around imaginary timestamps or receipts, but somewhere along the line people will demand convertability to an actual resource.  The circle is not completed and you're essentially operating the same as any regular fiat without guaranteed convertability because a timestamp is useless to a human.  What's the purpose of all the overhead from a blockchain for then if it does absolutely nothing to facilitate convertability?  There is none.  You have removed no counterparty risk without facilitating a guarantee of convertability.  Which is why money is required to be physical commodity resource - there is no question of convertability then.

[DaRude]

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/

Mu says, the DC/EP is being designed to replace the physical notes and coins in circulation, not the renminbi sitting in bank accounts in a digital form.

Oh how Europe would love to get rid of their dirty dirty fiat which is screwing with their negative interest rates

So the next stage finally begins! Big players will have to start their own cryptocurrency pretty soon, next will be cryptoRuble, cryptoEuro etc... Small players will have an option of going for BTC or get pwned to libra. Unfortunately by the time they react half of their population will already be holding libras.

Next stage would be when cryptoUSD/libra/renminbi/ruble/rupee/euro suddenly devalues and population realizes that they can preserve their buying power by switching to BTC. That's when the war against BTC will really begin. All in due time

[realr0ach]

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

Famously insane maybe.  Bitcoin is the equivalent of saying "Hey, I have absolutely nothing of value.  You too?  Okay, let's do business with one another".  Bitcoin - the imaginary economy of fools.  You have this segregated playpen of people in outer space masterbating vigourously while furiously trading imaginary, valueless widgets back and forth with one another.  Then one leaves the insane asylum venturing to town to interact with the real world to try and attain a non-imaginary object of value and farmer Bob says "Are you fucking retarded, mate?"

[JSRAW]

Bitcoin Mt.Gox flash Crash Bitcoin at $0.01 each

History is fun, exciting and depressing at the same time video is for new folks, Need time machine!

[HairyMaclairy]

She looks like a dragon

[Wilhelm]

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.

Foreign Account Tax Compliance Act 

[free-bit.co.in]

Thanks for the dump! Bought some more Bitcoins!! 💪💪💪

[HairyMaclairy]

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).

50 Hodler WAGs

https://www.totalsportek.com/list/hottest-wags-football-2015/

#19

[Wilhelm]

Thanks for the dump! Bought some more Bitcoins!! 💪💪💪

👌🏻😁 I did too yesterday. Plus some Ethereum.

[mindrust]

Thanks for the dump! Bought some more Bitcoins!! 💪💪💪

👌🏻😁 I did too yesterday. Plus some Ethereum.

ETH lost its mojo. BNB is the hot shit now.

[JayJuanGee]

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

Famously insane maybe.  Bitcoin is the equivalent of saying "Hey, I have absolutely nothing of value.  You too?  Okay, let's do business with one another".  Bitcoin - the imaginary economy of fools.  You have this segregated playpen of people in outer space masterbating vigourously while furiously trading imaginary, valueless widgets back and forth with one another.  Then one leaves the insane asylum venturing to town to interact with the real world to try and attain a non-imaginary object of value and farmer Bob says "Are you fucking retarded, mate?"

Fuck your fictional farmer bob that you have suggested does not understand the new age of the interwebs.

He better learn a bit about where we are going, rather than where we have been, otherwise he is going to get screwed with all those bunkers and guns that he built and the gold that he has accumulated but he is not able to use it.  Dumb fuck.

[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).

50 Hodler WAGs

https://www.totalsportek.com/list/hottest-wags-football-2015/

#19

Ok.. comparisons of WAGs might not be a bad thing, even though it might not be worth Opsec risks.. .. hahaha.. at least in my thinking.

[VB1001]

Successful Bitcoin holders have low time preference & judge over extended periods, e.g. risk-adjusted return over 4-year holding periods. If an economist has not researched this strong market signal for explanations of supply & demand, they don't have a useful opinion about it.

https://twitter.com/NickSzabo4/status/1167119019553411073

[makrospex]

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).

50 Hodler WAGs

https://www.totalsportek.com/list/hottest-wags-football-2015/

#19

Ok.. comparisons of WAGs might not be a bad thing, even though it might not be worth Opsec risks.. .. hahaha.. at least in my thinking.

So Sergej Ramos' face was amongst the first things i've seen this morning.
This is not a good start, i have to omit breakfast today.

But at least, the WAG pictures on the list cured some of my nausea  


EDIT: Observing $9.482 (which is roughly $150 below my expectations, so time to buy)

[El duderino_]

She looks like a dragon

Then its time to spit Some fire.....

[fillippone]

Meanwhile in the fiat realm: Argentina on the brink of yet another default

S&P slashes Argentina's long-term debt three notches on maturity extension plan

- Standard & Poors announced on Thursday that it was slashing Argentina’s long-term credit rating another three notches into the deepest area of junk debt, saying the government’s plan to “unilaterally” extend maturities had triggered a brief default.

The infamous 100 years Argentinian Bond (not yet touched by this default) taking a hit:


Bitcoin as a hard money is badly needed here.

[serveria.com]

Moar down? #HODL!!! 

[JayJuanGee]

Moar down? #HODL!!!  

Could be.  

We are not out of striking distance of the possibility of moar down, that's for sure, even though the last 24 hours have largely been flat, and only bouncing up no more than $200 (which is about 2%) from the $9,320 local bottom.  

If we get a bit of a rise, maybe 10% or so up from the local bottom (maybe even back above $10k, which is actually a little less than 10% above - 7%-ish?) then maybe we could have a little bit of comfort breathing space.

Our current ambiguity seems to be that some of the bearwhales would like to test buy support at $9k and thereafter lower.  They would always want lower and even as low as they can get for as long as they can get it, and lil baby BTC seems to be putting up a bit of a fight...   Bearwhales are asking more weak hands? more weak hands?  More scaridy cats?  More scaridy cats?

$100k question remains whether she is going to test support at $9k or are we almost ready to return to a bit of our previously scheduled program .. aka UP?

Next 12 hours are critical.^tm  Or is it 8 hours?  Hairy?