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

[bitserve]

https://www.libremercado.com/2020-02-20/gobierno-criptomonedas-limite-bitcoiin-1276652560/

[Vin]

https://www.libremercado.com/2020-02-20/gobierno-criptomonedas-limite-bitcoiin-1276652560/

Thank you very much.
Not a good sign.

[bitserve]

https://www.libremercado.com/2020-02-20/gobierno-criptomonedas-limite-bitcoiin-1276652560/

Thank you very much.
Not a good sign.

Not at all. I am very pissed atm. But I knew that had to happen. I just thought crypto was still minor enough to not warrant that kind of new rules. I guess adoption is already reaching levels where they think they need to use the "tools" at their disposal.

Governments would never let everyone go and switch to a different kind of asset they can't control in some way. Making kind of "ilegal" to have "hidden assets" (unreported to them) they secure they can control the flow (and taxable events) of those.

Also, this is what happens when a radical left wing alliance takes over the government as it has happened in Spain: The horror.

Fucking communists.

[JayJuanGee]

I think BTC is going to rise.

Ohh wow no sh*t?    You should start offering some paid financial/investment advice ASAP.

Edit: didn't even notice who posted this   living legend!  

Edit 2: first time I see a donator badge... impressive..

Surely rpietila has had some of his days of fame in the forum, but he seemed to have had gone completely bonkers including a lot of drama and including scamming the fuck out of peeps.

Funny that he would want to show himself in these here parts.  Maybe he got some help?  Hopefully.  Maybe he could update us on what is going on in his life.  Some peeps had even speculated that he might no longer be alive after certain happenings, but then we had the burning of the castle drama, too.... so might be some opportunities to get updated on some of those matters, if we can take the possible drama.  Pray tell, rpietila.

I think BTC is going to rise.

oh   my   god

he seems well https://www.youtube.com/channel/UCWqPhofXxGG3CQ5P7DTvM7g

I should say, "oh my god," too.

I guess he is back into pumpening efforts, so yeah, he seems to be able to assemble some order, and surely he is not a dumb guy, even if he has burned a lot of bridges, already, in these here parts.

Accordingly, there are people looking for a leader, and he is looking to lead... ... so maybe it is all going to work out, like Ruja Ignatova.

[jojo69]

Had a Gox notification that my claim is 'agreed'. 

Seems civil rehabilitation and bankruptcy proceedings are both running.  No news on when anything will be paid out, though.  Next creditors meeting in March.

Claimants should have had a confirmation mail - do check if you are involved.

Had my amount agreed a long time ago though.

Just noticed a fairly significant OPSEC violation in the claims: Have access to all claims, names and amounts!

brilliant

[Hueristic]

https://www.libremercado.com/2020-02-20/gobierno-criptomonedas-limite-bitcoiin-1276652560/

Thank you very much.
Not a good sign.

Not at all. I am very pissed atm. But I knew that had to happen. I just thought crypto was still minor enough to not warrant that kind of new rules. I guess adoption is already reaching levels where they think they need to use the "tools" at their disposal.

Governments would never let everyone go and switch to a different kind of asset they can't control in some way. Making kind of "ilegal" to have "hidden assets" (unreported to them) they secure they can control the flow (and taxable events) of those.

Also, this is what happens when a radical left wing alliance takes over the government as it has happened in Spain: The horror.

Fucking communists.

That is why we need the infrastructure in place to bypass them completely.


Working with institutions is only going to lead to more of the same.

[bitserve]

https://www.libremercado.com/2020-02-20/gobierno-criptomonedas-limite-bitcoiin-1276652560/

Thank you very much.
Not a good sign.

Not at all. I am very pissed atm. But I knew that had to happen. I just thought crypto was still minor enough to not warrant that kind of new rules. I guess adoption is already reaching levels where they think they need to use the "tools" at their disposal.

Governments would never let everyone go and switch to a different kind of asset they can't control in some way. Making kind of "ilegal" to have "hidden assets" (unreported to them) they secure they can control the flow (and taxable events) of those.

Also, this is what happens when a radical left wing alliance takes over the government as it has happened in Spain: The horror.

Fucking communists.

That is why we need the infrastructure in place to bypass them completely.


Working with institutions is only going to lead to more of the same.

Bypass governments? Near 100% habitable land on earth is already government controlled. At the most you can choose which one do you prefer to live under...

[Icygreen]

Just got an email from Trezor with a link to their halving blog which mostly shits on PlanBTC stock to flow model.  I've always considered the S2F strong hopium for hodlers so nothing new but nice to get level-headed approach to alternative narratives.


TLDR, S2F model shows scarcity, not demand. Price and demand historically goes up with each supply halving, how much this time, still nobody knows.

[bitserve]

Just got an email from Trezor with a link to their halving blog which mostly shits on PlanBTC stock to flow model.  I've always considered the S2F strong hopium for hodlers so nothing new but nice to get level-headed approach to alternative narratives.


TLDR, S2F model shows scarcity, not demand. Price and demand historically goes up with each supply halving, how much this time, still nobody knows.

Which is why I have always said the S2F will only be valid until it isn't, and that is probably coming soon.... maybe in one year, maybe two... It is just a matter of time it reaches a price mathematically impossible to achieve. But way sooner than reaching that point it will begin to fail.

Can Bitcoin reach $100K in the next couple of years? Yes, it is a *possibility*. I don't even give it a 50/50 chance... which is a lot anyways!

Can S2F model still be valid 10 years from now? No, it simply can't.

Nice hopium though.

[lightfoot]

https://www.libremercado.com/2020-02-20/gobierno-criptomonedas-limite-bitcoiin-1276652560/

Thank you very much.
Not a good sign.

Kind of like when the US Govt outlawed possession of gold. Not much changes.

Don't worry though, if you are rich enough laws do not apply to you. Cultivate political pull, it is the currency of the next century.

[Ibian]

https://www.libremercado.com/2020-02-20/gobierno-criptomonedas-limite-bitcoiin-1276652560/

Thank you very much.
Not a good sign.

Not at all. I am very pissed atm. But I knew that had to happen. I just thought crypto was still minor enough to not warrant that kind of new rules. I guess adoption is already reaching levels where they think they need to use the "tools" at their disposal.

Governments would never let everyone go and switch to a different kind of asset they can't control in some way. Making kind of "ilegal" to have "hidden assets" (unreported to them) they secure they can control the flow (and taxable events) of those.

Also, this is what happens when a radical left wing alliance takes over the government as it has happened in Spain: The horror.

Fucking communists.

That is why we need the infrastructure in place to bypass them completely.


Working with institutions is only going to lead to more of the same.

Bypass governments? Near 100% habitable land on earth is already government controlled. At the most you can choose which one do you prefer to live under...

The one that only takes 20% of my corns at most. So not one of the western ones.

[Globb0]

It is a clear demonstration of an inflationary economy of fiat money against Bitcoin.

In this table we see how much money would a person have now in $ if he/she would, in a given year (first column) buy BTC for $2 (average cup of coffee?) every day.

For example: if in 2012 somebody would buy every day BTC for $2 he/she could now sell it for ~$1M.

#bitcoin #btc

Source: https://twitter.com/digitalikNet/status/1230519543224832000

another columb actual dollars spend would be good here

[bitserve]

https://www.libremercado.com/2020-02-20/gobierno-criptomonedas-limite-bitcoiin-1276652560/

Thank you very much.
Not a good sign.

Not at all. I am very pissed atm. But I knew that had to happen. I just thought crypto was still minor enough to not warrant that kind of new rules. I guess adoption is already reaching levels where they think they need to use the "tools" at their disposal.

Governments would never let everyone go and switch to a different kind of asset they can't control in some way. Making kind of "ilegal" to have "hidden assets" (unreported to them) they secure they can control the flow (and taxable events) of those.

Also, this is what happens when a radical left wing alliance takes over the government as it has happened in Spain: The horror.

Fucking communists.

That is why we need the infrastructure in place to bypass them completely.


Working with institutions is only going to lead to more of the same.

Bypass governments? Near 100% habitable land on earth is already government controlled. At the most you can choose which one do you prefer to live under...

The one that only takes 20% of my corns at most. So not one of the western ones.

Most western countries "only" take "around" 20%. Some even less.

Tbh I am more ok with paying that tax when I do sell than with the obligation to report my "hodlings". That REALLY pisses me off. I don't want them to fucking know how much (or how little) BTC I do have! What's next? Be forced to let them "custody" it for me so that I don't have a boating accident in the future?

[Globb0]

I think BTC is going to rise.

The legendary rpietila.

fixed that for you

The once legendary rpietila.

very sad but fuck off. OK thanks you got me into monero, then you robbed a lot of people.

Why arent people like this banned.

Big shame, the fallen hero from my view.

Fuck off then fuck off again.

[lightfoot]

[Ibian]

https://www.libremercado.com/2020-02-20/gobierno-criptomonedas-limite-bitcoiin-1276652560/

Thank you very much.
Not a good sign.

Not at all. I am very pissed atm. But I knew that had to happen. I just thought crypto was still minor enough to not warrant that kind of new rules. I guess adoption is already reaching levels where they think they need to use the "tools" at their disposal.

Governments would never let everyone go and switch to a different kind of asset they can't control in some way. Making kind of "ilegal" to have "hidden assets" (unreported to them) they secure they can control the flow (and taxable events) of those.

Also, this is what happens when a radical left wing alliance takes over the government as it has happened in Spain: The horror.

Fucking communists.

That is why we need the infrastructure in place to bypass them completely.


Working with institutions is only going to lead to more of the same.

Bypass governments? Near 100% habitable land on earth is already government controlled. At the most you can choose which one do you prefer to live under...

The one that only takes 20% of my corns at most. So not one of the western ones.

Most western countries "only" take "around" 20%. Some even less.

Tbh I am more ok with paying that tax when I do sell than with the obligation to report my "hodlings". That REALLY pisses me off. I don't want them to fucking know how much (or how little) BTC I do have! What's next? Be forced to let them "custody" it for me so that I don't have a boating accident in the future?

No they don't. In my country we are taxed at over 80%. No tax on bitcoin yet, but there will be, and I expect it to be something like 60%.

[Globb0]

I know somebody who has used Kraken to cash out large sums & he’s had no problems.

We should get ready for the glorious cashout day which is coming soonish so any hints on where to do it safe, fast and efficient are welcome! Exchanges? OTC? Anything else? 

OTC is supposed to be the best, speak to gentlemand.

off the chart?

over the counter?

something else?

[Ibian]

Comic was good for a long time. Then it turned into a feminist rant in picture form.

[bitserve]

Da fuck! What country are you in?!?? Never saw capital gains taxed so fucking high. That percentage is ridiculous even for regular salary income FFS!

Also, if you are completely sure you are not taxed right now (which I doubt) then sell it all and rebuy so that you "upgrade" your cost price before that is considered a taxable event.

[Ibian]

Da fuck! What country are you in?!?? Never saw capital gains taxed so fucking high. That percentage is ridiculous even for regular salary income FFS!

50% income tax, give or take depending. 25% sales tax. Hidden taxes on everytyhing, not sure how much but not less than 50%. In total, 80-90% taxation.

Which is why there is no fucking way I will get off with ONLY 20% when they get around to bitcoin. States always want More.

Denmark, by the way.