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

[realr0ach]

What percent of you net worth is invested in Bitcoin. If its under 90 than guess what, you are the bears, not me.  

I was all-in on Bitcoin at $200 and viewed it strictly as gambling.  The fact you're all-in on Bitcoin at $8500 and view it as not gambling is laughable.  I know most of you are complete fools and have brainwashed yourselves into thinking the price can only go up and never down, but the fact that the price was MUCH MUCH lower just very recently means it can collapse back down there again, especially considering almost all of it's upward movement was fraud and manipulation by a single entity on Bitfinex along with their Tether scams and other BS.

No, it is not impossible that the price could collapse to 1/10th of what it is now again in the same way it was artificially manipulated upwards.  Lots of Chinese communist miners go bankrupt, but there's nothing in the protocol that says Chinese communists are too big to fail. Yes, it will also cause a chain freeze and Luke Jr will crawl out of his basement saying he needs to hardfork Bitcoin exposing the entire thing as a centrally administered, non-autonomous scam, but that's what I've been telling you people it is for years.  Looks like shitters will learn physical metals are the base of Exter's Pyramid soon and not imaginary, valueless timestamps:

[HI-TEC99]

This was a cool thread I found while browsing satoshi posts... don't know where else to put it, so I'm putting it here for now.

Who's the Spanish jerk draining the Faucet?

I just shut down freebitcoins.appspot.com; it looks like somebody in Spain is being a jerk and getting a new IP address, bitcoin address, and solving the captcha.  Over and over and over again:

(...code bit snipped out...)

Those IP addresses all map to Telefonica de Espana.  If it was you:  give them back, please: 15VjRaDX9zpbA8LVnbrCAFzrVzN7ixHNsC

Now that 5 bitcoins is worth a fair bit, I'm thinking I need more cheating countermeasures.  I can think of four things to try:

(...technical bit snipped out...)

If you get rate limited, you'll get a message that asks you to try again tomorrow.

BitcoinFX: thanks again for the donation to the faucet; I'm going to drain the Faucet below 500 coins temporarily, and will refill it with your donation after the new cheating countermeasures are in place.

Wonder if our dirty Spaniard was much of a HODLer....

Wobber also drained the faucet, but only as a demonstration to warn Gavin with. He paid back the 50 BTC.

gavinandersen

I've been able to drawn 50 BTC in minutes using Tor. Please add some address filter too, so the same address can't be used twice. I'll also provide a Tor blacklist if you'd like.
PS: I've paid back those BTCs.

[Last of the V8s]

so, welease wobber?

[realr0ach]

Gavin in 2019, shilling for Coinbase and Ethereum lol (is this a paid ad?):

[El duderino_]

via Imgflip Meme Generator

Time to get F***ed up brothers

Cheers

[Searing]

It smells like weekend pump is around the corner - fuckery included.

Lambie, dude, WTF?

We are months before the halving, & $6.5k is our local bottom till then. And that's with a big IF.
I would DCA your remaining fiat soon, stop fantasizing with the obvious short term downtrend (no, I'm not in denial), and focus on when raptor green dildos might occur before the halving. Just remember we are in a fucking bull run, didn't late October reassure you?

Bargain boyz had their chance at the beginning of the year, and large volume is not always the epitome of manipulation.

Well, I'm 'attic mining' or selling stuff I'd otherwise die with..so hell get it out of my attic and sell on eBay and use to buy BTC.

That is all I can do 'if' I believe in BTC/Crypto Universe. I'm in the 'rabbit hole' so

deep I'm just looking at this as an opportunity to 1) clean out the attic of stuff I'd otherwise die with an make a rec room and 2) get as much BTC dust as I can from the process.

Treating BTC as virtual land that is 80% occupied/mined, for the whole USD value/rarity argument for prices. I can only hope that my view is correct and 1/2 the land being 'made' so to

speak happens next year and the adoption/use/value of Bitcoin, as a result, reflects USD value at over at least frigging $12k say as a base in USD price for the future from that point.

Whatever, drank the kool-aid on BTC/Crypto in 2013, its too far along for me to 'crack' on this yet.

Whatever, how I am seeing this and what I'm doing to motivate myself for more BTC dust now that I'm out of ASIC mining.

(doubly screwed....25% tariff and with the equipment depreciation I have for the next couple years for mining previous to 2019 *unused* no real 'logic' on the equipment

depreciation I'd at least justified ASIC miner purchases in the past. No way helps with 2020 purchases, even if legit equipment. That boat don't float. Would be 50% down at the

start of any income mined, kinda sorta)

Anyway, I just have to assume this is a buying phase and that the BTC halving next year this will correct some of this price-wise per usd lameness on BTC and USD prices.

(not that I sell any BTC from the hoard, but still as a spectator sport your BTC hoard vs USD worth it sucks)

anyway my 2 satoshis' view

(big whoop ...like I know zip stalling here from weekend chores on bitcointalk)

later

Brad

[LUCKMCFLY]

Payment volumes between Bitcoin vs. Visa, Master Card and Paypal.

The volume of Payments And Transactions: BTC vs Payment Systems

🔹 $BTC takes 3rd place by transaction and payments volume outpacing
@Paypal

🔹The average volume of BTC transactions exceeds 462 times the volume of
@Visa

Source: https://twitter.com/CryptoRank_io/status/1194948335175647235

This year, adoption continues to grow and Asian events in recent events can bring that next year to the expected halving, it will surely climb the third place occupied by Bitcoin compared to traditional payment operators.

[ðºÞæ]

Gavin in 2019, shilling for Coinbase and Ethereum lol (is this a paid ad?):

One would think an early adapter like Gavin would enjoy life instead of common money whoring at this stage.
It just shows never had any serious skin in the game, poor bugger.

[sirazimuth]

via Imgflip Meme Generator

Time to get F***ed up brothers

Cheers

sounds like a plan my friend.... hopefully no one will sneak a cheek and emit

..... A big fat stinking fart at the dinner table ....
...

[BitcoinGirl.Club]

Good evening WO!
Observing @ $8,470

[HairyMaclairy]

Sorry to distract ya'll from an apparent dick measuring contest...

What's your take on perpetual trusts?
Here is Guardian's:
https://www.theguardian.com/world/2019/nov/14/the-great-american-tax-haven-why-the-super-rich-love-south-dakota-trust-laws

I think that this would be relavant to bitcoin later on.
There are lots of "golden nuggets" in this article.
The main conclusion is that we might be changing the society by allowing perpetual trusts (details in the article).

Oh wow.  Yeah this is a big deal.

[HI-TEC99]

Sorry to distract ya'll from an apparent dick measuring contest...

What's your take on perpetual trusts?
Here is Guardian's:
https://www.theguardian.com/world/2019/nov/14/the-great-american-tax-haven-why-the-super-rich-love-south-dakota-trust-laws

I think that this would be relevant to bitcoin later on.
There are lots of "golden nuggets" in this article.
The main conclusion is that we might be changing the society by allowing perpetual trusts (details in the article).

This golden nugget is relevant to some US bitcoiners right now. How many will be moving to South Dakota before cashing out to avoid capital gains tax?

https://www.theguardian.com/world/2019/nov/14/the-great-american-tax-haven-why-the-super-rich-love-south-dakota-trust-laws

South Dakota has no income tax, no inheritance tax and no capital gains tax

Both jbreher and infofront were discussing Puerto Rico regarding that.

I researched Puerto Rico quite thoroughly a while ago. I think it ended up being 0% capital gains taxes all the way around.

The problem is, you still pay full capital gains taxes on anything you've purchased up to the point of becoming a resident. It's only the capital gains taxes you accrue after becoming a resident that are tax free.

Takes half-year+1day to establish residency. Not too onerous, for someone sitting on a pile of cap gains. Not by half.

The perpetual trusts thing seems a massive deal, and probably will be relevant to Bitcoin later on.

[jojo69]

[Raja_MBZ]

"The first word you see is the only "crypto" that matters."



https://twitter.com/zackvoell/status/1195781900209729536

[Biodom]

Sorry to distract ya'll from an apparent dick measuring contest...

What's your take on perpetual trusts?
Here is Guardian's:
https://www.theguardian.com/world/2019/nov/14/the-great-american-tax-haven-why-the-super-rich-love-south-dakota-trust-laws

I think that this would be relevant to bitcoin later on.
There are lots of "golden nuggets" in this article.
The main conclusion is that we might be changing the society by allowing perpetual trusts (details in the article).

This golden nugget is relevant to some US bitcoiners right now. How many will be moving to South Dakota before cashing out to avoid capital gains tax?

https://www.theguardian.com/world/2019/nov/14/the-great-american-tax-haven-why-the-super-rich-love-south-dakota-trust-laws

South Dakota has no income tax, no inheritance tax and no capital gains tax

The perpetual trusts thing seems a massive deal, and probably will be relevant to Bitcoin later on.

Well, hold your horses, there are still federal taxes, including capital gains tax. It's not written very clearly.
The only no cap gains tax for US citizens is the Puerto-Rico deal, but it is only until 2035 and only on cap gains AFTER you domesticated/moved your assets there.
Plus, you HAVE to reside there 183 days/year.

[bitserve]

"The first word you see is the only "crypto" that matters."



https://twitter.com/zackvoell/status/1195781900209729536

CLARPER?! 

[Biodom]

"The first word you see is the only "crypto" that matters."



https://twitter.com/zackvoell/status/1195781900209729536

CLARPER?!  

8/8 (from bottom/from left)
 

I don't know what words like "solvent", "believe" and "expert" are doing there (no such currencies, lol)

[HI-TEC99]

Sorry to distract ya'll from an apparent dick measuring contest...

What's your take on perpetual trusts?
Here is Guardian's:
https://www.theguardian.com/world/2019/nov/14/the-great-american-tax-haven-why-the-super-rich-love-south-dakota-trust-laws

I think that this would be relevant to bitcoin later on.
There are lots of "golden nuggets" in this article.
The main conclusion is that we might be changing the society by allowing perpetual trusts (details in the article).

This golden nugget is relevant to some US bitcoiners right now. How many will be moving to South Dakota before cashing out to avoid capital gains tax?

https://www.theguardian.com/world/2019/nov/14/the-great-american-tax-haven-why-the-super-rich-love-south-dakota-trust-laws

South Dakota has no income tax, no inheritance tax and no capital gains tax

The perpetual trusts thing seems a massive deal, and probably will be relevant to Bitcoin later on.

Well, hold your horses, there are still federal taxes, including capital gains tax. It's not written very clearly.
The only no cap gains tax for US citizens is the Puerto-Rico deal, but it is only until 2035 and only on cap gains AFTER you domesticated/moved your assets there.
Plus, you HAVE to reside there 183 days/year.

That explains why nobody has already suggested South Dakota.

I read about the pros and cons of the Puerto-Rico deal here. Like you say, it's complicated.

https://cointelegraph.com/news/are-tax-moves-to-puerto-rico-worth-it-for-crypto-holders

[HI-TEC99]

"The first word you see is the only "crypto" that matters."



https://twitter.com/zackvoell/status/1195781900209729536

CLARPER?!  

8/8 (from bottom/from left)
 

I don't know what words like "solvent", "believe" and "expert" are doing there (no such currencies, lol)

Hodl coin (top right) is a crypto currency, but it's a shitcoin crypto currency, so it doesn't matter.

[Negotiation]

2 years ago, I thought SegWit2x was the best path forward for Bitcoin. I‘ve since come to realize that it was extremely dangerous & irresponsible to push for a contentious hard fork w/o replay protection, esp. when there wasn’t consensus. Mea culpa!
Bitcoin is the real Bitcoin.
Source: https://twitter.com/bobbyclee/status/1195731426546597888