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

[nullius]

It should not need to be said that I am not giving advice here.  However...

The primary reason why I avoid “KYC” is that I will not answer these questions.  On principle.  [...]

as to my private wallets, what happens there, stays there.

It should not need to be said that I am not giving advice here.  However...

The primary reason why I avoid “KYC” is that I will not answer these questions.  On principle.

Surely interesting points, and I hope that you are not overdoing matters.  I probably have communicated with you about this matter previously, but in my thinkening there can be some advantages (and even practicality, me thinks) in having a foot in both worlds, and I would hope that you would have something like that going on, as well...

In my country, there is an exchange which I use, which gives me a call about once a year. They ask the same questions, I always give them the same answers, which are generic or vague. If they need something specific, I also have an answer for that as well.

The truth is they will never really know, but at least I keep them satisfied so they don't fry my accounts.

I think the trick is not that you are invisible or anonymous, but something along hiding in plain sight, and below the radar.

I have no idea about your particular situations, and I do not want to know.  The following applies only to me.  YMMV.

A part of the problem is that if I were to do as you say, then I may need to lie (whether explicitly or by omission).  As it stands, where I am located, to the best of my knowledge, I am not doing anything whatsoever illegal.  Whereas I may trap myself, if I tried to answer any questions that I refuse to answer.  Moreover, TPTB probably know that some Bitcoiners don’t spill the beans.  I am not on any lists for potential audits or targeted surveillance as to this (albeit almost certainly on many other little lists—enough for me!).

I think of it like cash.  I am not doing anything otherwise illegal; and there is no law against my possessing a significant quantity of legally obtained cash (although it may be uncomfortable if I were found with it—so much for the honesty of laws...).  I would not place myself in a position ever to be asked questions about whether or not I keep cash, what I do with it, etc.  None of your business.

In my situation, the golden silence that I achieve by avoiding “KYC” exchanges altogether can never be held against me—not in theory, and not in practice.

O, what a tangled web we weave,
When first we practise to deceive!

Furthermore, I don’t give the “KYC” exchanges any profit; I am effectually boycotting the rat-bastards.

Thus, I lead a different kind of double life with “a foot in both worlds” as naïve nocoiner, and a secret Bitcoin fanatic.

During the December 2017 pump, some idiot who knows me as a moderately adequate tech enthusiast e-mailed me to ask my opinion of Bitcoin.  I replied dismissively:  It’s all bullshit, it will crash, don’t bother with it.  I figured that anyone stupid enough to e-mail my IRL identity about Bitcoin from a @gmail.com address does not deserve Bitcoin, anyway.  Protip:  If you want an honest answer, ask me in private!

If I had at least an order of magnitude more money than I actually have, then I may not be able to pull this off whilst satisfying my desire to hoard as many magic coins as I can.  (“Focus on the IF.”)  So, if you are richer than I am not too poor, then you may need a different strategy.


Historic Currency

On a related note:  In the modern world, never show too much intelligence.  Smart plus principled equals dangerous.

High-IQ weaklings who are subservient to the system, or who compromise with it, are useful.  Smart men who refuse to compromise are ipso facto undesirable threats.  Smart plus principled equals “evil”, worse than “criminal”.

* nullius keeps his brain hidden under the mattress, with his bitcoins and some private photos of trysts with Phryne.

[Unknown01]

Not only the market indicators seems to be bullish, also most people in the board are bullish... i hope the time for the bullrun has come and soon we‘ll see new ATH‘s  

Stay positive!

Greetings from the german board  

Greetings mein bruder, we go to the moon next year

I‘m more optimistic, i think and hope that at the end of the year we‘ll start the rocket to the moon.. of course the flight to the moon takes a little longer  

I think my guess in august was correct, right?  

I'll make another forecast: we'll see a new ath this year   (around 22k$)


Edit: no guarantee this time 

[nullius]

It’s Monday.

Shut the fuck up, nullius!

😈  ← clicky-clicky

[strawbs]

Taking an extra 250mg of Thiamine (five times the usual dose) resolved all this within a matter of three days.


After a week i'm on 200mg daily, about to try higher doses soon

Hey OutofMemory, I'm curious as to how you're getting on with your increased dose. Any updates? (asking for a friend)

Hope you're still feeling (even) better.

[Toxic2040]

#dyor

D


W

#stronghands

[jojo69]

[nullius]

“TV era KYC/AML ID pox” is an anagram for “lack my private dox”.

Although in reality I would have hidden a sheep under the stairs.

I have mutton and lamb chops in a deep freezer under the stairs.  Good?  🐺

Louis nullius, I think this is the beginning of a beautiful friendship.

Your name checks out.  Just as long as you do not peddle Faketoshi’s gold.


She serves the gourmet,
Whilst he whistles an old ode to our rude modern times:
Albaner Mädchen Türken Männer, modernd moderne Untreue,
Italiener Wein Amerikaner Whine und Internationale Sang...


A bank’s KYC/AML compliance officer once tried to test me.  I was critical of his discourteous intrusion.


Confirmed science in the hands of Americans will destroy the world!


On a serious note, many of my posts are laced with much subtler (and less corny) hidden messages.

Much of my more serious writing contains cryptic literary allusions.  I do hope that someday, professors will apply the proper methods of hermeneutics and textual criticism to find all of the hidden meanings subtly onion-layered into my forum posts.  (To be clear, my only lack of confidence is in the hope that scholars will exist in the future.)

[Toxic2040]

“TV era KYC/AML ID pox” is an anagram for “lack my private dox”.

Although in reality I would have hidden a sheep under the stairs.

I have mutton and lamb chops in a deep freezer under the stairs.  Good?  🐺

Louis nullius, I think this is the beginning of a beautiful friendship.

Your name checks out.  Just as long as you do not peddle Faketoshi’s gold.


She serves the gourmet,
Whilst he whistles an old ode to our rude modern times:
Albaner Mädchen Türken Männer, modernd moderne Untreue,
Italiener Wein Amerikaner Whine und Internationale Sang...


A bank’s KYC/AML compliance officer once tried to test me.  I was critical of his discourteous intrusion.


Confirmed science in the hands of Americans will destroy the world!


On a serious note, many of my posts are laced with much subtler (and less corny) hidden messages.

Much of my more serious writing contains cryptic literary allusions.  I do hope that someday, professors will apply the proper methods of hermeneutics and textual criticism to find all of the hidden meanings subtly onion-layered into my forum posts.  (To be clear, my only lack of confidence is in the hope that scholars will exist in the future.)

Nulli..I am sure you have thought about this..but we are just a bunch of dumb hicks around here for the most part. you come in with a scalpel when we are used to the bludgeon.

That being said..who woulda thunk that eggs go with a chianti.


Michael Barera, CC BY-SA 4.0 <https://creativecommons.org/licenses/by-sa/4.0>, via Wikimedia Commons

[JayJuanGee]

Where that guy left, that was posting how much Bitcoins cost a 400 ounces gold ingot. I remember he posted it million times while price of Bitcoin did not move, so was mostly the same. Now that there are moves we are missing him

Just in July, August and September we were hearing all kinds of nonsense from Goldbugs, as if they could proclaim that they were correct all along in terms of Gold being the savior and that it was supposedly going to outperform bitcoin during our impending Armageddon, blah blah blah blah.. and really have not heard shit from them since September, especially since their little gold story has not been as convincing of a story, especially when seeing how it performs relative to bitcoin.

So hopefully NOT too many members here diversified into gold or bought those nonsense correlation stories - because they would be missing out on BTC profits... which are likely to continue... and yeah, I know that there are a considerable number of gold bugs in this thread and even in bitcoin who are trying to suggest that there is some kind of potential benefits to having both.. in that regard, they might not be proclaiming that bitcoin might be equal to gold rather than the more realistic assessment that BTC / Gold would probably be more prudently 90/10 or less rather than anything even close to approaching 50/50.

It’s Monday.

Shut the fuck up, nullius!

😈  ← clicky-clicky

I never advertised my day...


It just came, organically (through actual hatred for me)...


 

[Toxic2040]

consider it a position of honor juansnowgee        much easier on the palate

[savetherainforest]

... Goldbugs, ...

They sold their stash and learned the intricate process of "how to physically own bitcoin on your computer."

[600watt]

this is to all the PayPal news naysayers. Pantera Capital claims that PayPal is forced to buy btc 1:1 as customers push the "buy" button.

When PayPal went live, volume started exploding. The increase in itBit volume implies that within four weeks of going live, PayPal is already buying almost 70% of the new supply of bitcoins.
PayPal and Cash App are already buying more than 100% of all newly-issued bitcoins.

Pantera Capital owns bitstamp, so they kinda sorta know I would say.

https://www.crypto-news-flash.com/paypal-users-are-buying-huge-amounts-of-bitcoin-data-shows/

the original medium post of Pantera Capital is ssssssuuuuuper bullish af. there are some weird sentences about shitcoins in there as well, but the rest is some real bull conviction.


and to all of you who wondered if Dan Morehead and Mike Novogratz´s funds have enough ammo:

“Dan put in a big wedge of capital, and at that point, Pete Briger and I, who were the other two amigos of the threesome, Fortress had done well, we were certainly wealthier, and we were like, ‘Damn, if he’s putting that in, we have to at least put one dollar more than him.’ And so, in lots of things in investing, if you get in at good levels early and you put a lot in, it makes the whole game a lot easier. We bought like 90,000 coins between the three of us.

 


https://panteracapital.medium.com/bitcoin-shortage-172a9205dc0

credit goes to our guy Gyrsur

edit: paypal is forced to buy 1:1, but they are not forced to sell in the same way. they are the worlds biggest bank when it comes to customer count. they will soon be also the worlds largest bitcoin exchange. they see all the orders of all their customers. they could buy/sell strategically in order to profit on the spread. they will buy the dips in order to sell the coins to their customers later. it is actually also a reason why we don't see retail demand through google searches: PayPal users don't need to to google "bitcoin", they just click a button on their PayPal site. 100mio users of btc network needed ten years to build up. 300mio PayPal users could enter the game in no time. combine that with institutional fomo and supply halving. perfect storm.  imagine someone put up hundreds of millions of bitcoin ATM's at once. (they are in the tens of thousands currently) and that is what PayPal sort of did: adding 300 mio virtual btc ATM's with one stroke.

[JayJuanGee]

... Goldbugs, ...

They sold their stash and learned the intricate process of "how to physically own bitcoin on your computer."

Sure, the smarter ones got into bitcoin.. but there are a good number of goldbugs still fighting bitcoin and also consultants who are not afraid to tell their clients about gold but fail/refuse to introduce their clients to bitcoin.. and the relatively flat performance of gold, in spite of the recent gold exuberance, was the context of my post that you cited to describe that ongoing phenomenon.. and relatively slow migration of the gold bugs over to bitcoin, and of course, there are layers, too.. and some gold bugs that are going to take longer before they come over to bitcoin.

By the way, I see that last week's candle was a pretty BIG ass green wick.  It opened $15,975 and it closed $18,435 (nearly $2,500 between open and close - so a pretty hot candle)... so, yesterday's little $1,000 dip and then mostly recover brought the closing BTC price down a wee bit (maybe $200-ish, perhaps).. but surely, we are still going into the 8th weekly green candle with a bit of a high number that is not impossible to sustain as green, but surely this eighth's week green candle is going to be interesting to watch... the next 7 days continue to be critical.^tm

[savetherainforest]

... Goldbugs, ...

They sold their stash and learned the intricate process of "how to physically own bitcoin on your computer."

Sure, the smarter ones got into bitcoin.. but there are a good number of goldbugs still fighting bitcoin and also consultants who are not afraid to tell their clients about gold but fail/refuse to introduce their clients to bitcoin.. and the relatively flat performance of gold, in spite of the recent gold exuberance, was the context of my post that you cited to describe that ongoing phenomenon.. and relatively slow migration of the gold bugs over to bitcoin, and of course, there are layers, too.. and some gold bugs that are going to take longer before they come over to bitcoin.

By the way, I see that last week's candle was a pretty BIG ass green wick.  It opened $15,975 and it closed $18,435 (nearly $2,500 between open and close - so a pretty hot candle)... so, yesterday's little $1,000 dip and then mostly recover brought the closing BTC price down a wee bit (maybe $200-ish, perhaps).. but surely, we are still going into the 8th weekly green candle with a bit of a high number that is not impossible to sustain as green, but surely this eighth's week green candle is going to be interesting to watch... the next 7 days continue to be critical.^tm

Trust me! ... ... I'm a programmer. And BTCiT-coin is worse then any competitive video game. YOU JUST CAN"T WIN ! With that in mind, I don't think these "pumps" are just pumps. The fact that the dips have a short duration, means more then it should.


Edit(0)*: I should do some research into who coined the term "bite" or "byte" so I can make an astral chart to get some clarity into all this nonsense!  

edit(1)*:  Considering " B I T C O I N " has the numerology of " 2 9 2 3 6 9 5 " ... meaning it is getting down to : 6 ....  ... 6 is about f%^cking, love, exchange, harmony... But mostly f^cking having a good time.  

[Karartma1]

this is to all the PayPal news naysayers. Pantera Capital claims that PayPal is forced to buy btc 1:1 as customers push the "buy" button.

Ok, then all good! If that's confirmed by math and science, and Pantera Capital, we shouldn't worry anymore.

[Cryptotourist]

No wonder CT.... you have such shitcoiner roots...     

Gee, thanks Jay, good thing Juan gets it.

Have you seen ETH today?


There is nothing like the smell of an incoming ATH in the morning.
Observing $18545. We had our dip, so ... go BTC, go!

[Lambie Slayer]

this is to all the PayPal news naysayers. Pantera Capital claims that PayPal is forced to buy btc 1:1 as customers push the "buy" button.

When PayPal went live, volume started exploding. The increase in itBit volume implies that within four weeks of going live, PayPal is already buying almost 70% of the new supply of bitcoins.
PayPal and Cash App are already buying more than 100% of all newly-issued bitcoins.

https://panteracapital.medium.com/bitcoin-shortage-172a9205dc0

credit goes to our guy Gyrsur

edit: paypal is forced to buy 1:1, but they are not forced to sell in the same way. they are the worlds biggest bank when it comes to customer count. they will soon be also the worlds largest bitcoin exchange. they see all the orders of all their customers. they could buy/sell strategically in order to profit on the spread. they will buy the dips in order to sell the coins to their customers later. it is actually also a reason why we don't see retail demand through google searches: PayPal users don't need to to google "bitcoin", they just click a button on their PayPal site. 100mio users of btc network needed ten years to build up. 300mio PayPal users could enter the game in no time. combine that with institutional fomo and supply halving. perfect storm.  imagine someone put up hundreds of millions of bitcoin ATM's at once. (they are in the tens of thousands currently) and that is what PayPal sort of did: adding 300 mio virtual btc ATM's with one stroke.

Golden Bull Run confirmed.  

All time highs by Thanksgiving still on track.

[Cryptotourist]

@proudhon here boy, come out-come out wherever you are, we need a math and science confirmation ASAP.

[AlcoHoDL]

Are you ready, Bitcoin bears?

[DaRude]

this is to all the PayPal news naysayers. Pantera Capital claims that PayPal is forced to buy btc 1:1 as customers push the "buy" button.

Ok, then all good! If that's confirmed by math and science, and Pantera Capital, we shouldn't worry anymore.

I really don't see how can it NOT be 1:1. Are you implying that PayPal taking the exposure themselves and covering the other side of the trade when gramma buys paper BTC through paypal? What would be the purpose of that, risk their $225B market cap when BTC swings up and gramma wants to take profit?

Pretty sure that's Rule#1 of any financial institution, don't bet with your own money. When they're not party to a trade they make money on volume regardless of the price.