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

[xhomerx10]

Very nice.  Thanks Bob and Rick!

[cAPSLOCK]

29297$ on Bisq

Merited entirely for "on bisq".

[JayJuanGee]

On top of the wallet rule now only three days from final adoption, FinCEN just announced ANOTHER rule.
https://www.coindesk.com/fincen-foreign-crypto-exchange-disclosure-rule
With a bare three weeks before leaving office, it's impossible to have a public comment period that complies with the Administrative Procedure Act.
Treasury hasn't even provided a timeline yet.  
We only know that this new midnight rule will have an illegally short comment period, just like the last one.
The fact that the procedure is done illegaly won't prevent the rule from being enforced.  This is a standard administrative procedure whereby government agencies like Treasury write regulations into law without actually having to go to Congress.  Once these new regulations go into effect, overturning them involves a politically difficult congressional procedure; the incoming administration can't simply rescind rules that went on the books before they came to office.
In other words, we're fucked.
There's still time to comment on the wallet rule, though
https://beta.regulations.gov/commenton/FINCEN-2020-0020-0001

Meanwhile Mnuchin expects us crypto people to party instead of paying attention.

Your analysis is fine and your providing this kind of news is fine too, except for the "we are fucked part."

Overregulation is not necessarily a one way street, and there are going to be tradeoffs including potentially causing people to sell their bitcoin when they should be taking other measures.... so good luck to you guys who are overly pessimistic about these matters or believe that various administrative agencies are going to end up having the last word in regards to king daddy.

we're heading to reach $30K, personally I'm so much excited. we all hope there no dumps however, I have no clue. It might not happen at all. with so much momentum, BTC might keep climbing.

I expected a dump after hitting $20k, $25k and so on but it hasn't come yet. But there will be one for sure. This can't continue like this.

In other words, Dip incoming...

we are all fucked.   

Good luck everybody with how you approach your own stash....

in udder wurds..

corn = ded

[BitcoinGirl.Club]

Happy New Year Wall Observer Brothers!
Another new year, another roller costar ride is awaiting.


Image source: Web


It's been a pleasure hanging up with you all. It never gets old.
Observing @ $28,960 🚀

[JayJuanGee]

I think Bitcoin could hit around $32,000 before we see any considerable correction from it.

Also keep in mind that Bitcoin has been kind of following SPX/USD chart and its trends since the pandemic so as long as US market is up you could expect Bitcoin to stay up, but then again SPX is also due for a correction for a while now, and soon enough we will see if Bitcoin keeps following SPX after its correction that will eventually happen or it will just go its own way.

Comparison between BTC and SPX chart after the pandemic(Jan 30th):

   

                                                     

I was about to send you a merit XZERO1 until I realized that your overall point was/is bullshit.


Dee corns don't give any shits about the stock market, and even if you might see or feel that you can see some short term correlation, you are likely delusional by attempting to extrapolate too much significance to such things that you believe that you are seeing...  

https://twitter.com/100trillionusd/status/1344981849634959361?s=21

A nice happy new year from our favorite .... though this saylor guy could be one of my favorites as well

There is a rule in these here parts:  you need to limit ur lil selfie to one favorite at a time, you fuck. #nohomo...


And happy new year to you, too.

[BitcoinGirl.Club]

Where I'm going to be then, I won't be able to post, so I sent 'em early... With brotherly love and kisses.

Someone's dream became true, not only true but it's now 3x true 🥳

What will change my life is when 1 BTC > $10000. Then I will be gaining hundreds of thousands of $ (€ in my case). At that point (if we ever get there -- and I hope and believe we will), I will sell some (but not all) of my 15 BTC, enjoy my earnings, and still be in the Bitcoin rocket on its way to the moon. I do believe and speculate that this will happen and I expect this to take no longer than 10 years.

https://bitcointalk.org/index.php?topic=1924731.0

Thanks man for that reminder. It's so cool to see your dreams come true and even multiplied.

Away from PC, so no #homo color BBCodes.

Once more, Happy New Year All!

You are welcome brother. It's good to see bitcoin changing our lives. Stay safe and have a cracking time.

[JayJuanGee]

https://twitter.com/alistairmilne/status/1344732035546570753?s=21

Google search UP..... noobs are coming ?

That seems to be the case. I've mentioned it in other threads. Searches are up around the world but in countries with high inflation like Argentina or Turkey they are at an ATH. Add that to institutional investors' demand and see what 2021 will bring us.

This is more, earlier than expected.   Which leaves us with the question.  Is this a supercycle?  Or is it just early?

i believe we are in a 2013 kind of scenario:

price will rise until April, peaking somewhere between $80k and $240k.

then a dump during summer with a low in August around $40k to $80k.

2nd peak in Nov/Dez around $500k or even $1mil


uups... new ath...   congrats... observing 29600  

I find this to be a more than reasonable outline of a kind of possible happenings... but I am wondering somewhat about some of the seeming rigidity in your outline of dates, including confining such a scenario to this upcoming calendar year, when there could be such a situation that would drag out such a second peak significantly into 2022 (maybe even into the middle or late 2022 to throw off a lot of peeps who are too rigid in their thinkenings about dee corns).. perhaps if such a thing were to even be possible?.. [insert meme here]

[OutOfMemory]

On top of the wallet rule now only three days from final adoption, FinCEN just announced ANOTHER rule.
https://www.coindesk.com/fincen-foreign-crypto-exchange-disclosure-rule
With a bare three weeks before leaving office, it's impossible to have a public comment period that complies with the Administrative Procedure Act.
Treasury hasn't even provided a timeline yet.  
We only know that this new midnight rule will have an illegally short comment period, just like the last one.
The fact that the procedure is done illegaly won't prevent the rule from being enforced.  This is a standard administrative procedure whereby government agencies like Treasury write regulations into law without actually having to go to Congress.  Once these new regulations go into effect, overturning them involves a politically difficult congressional procedure; the incoming administration can't simply rescind rules that went on the books before they came to office.
In other words, we're fucked.
There's still time to comment on the wallet rule, though
https://beta.regulations.gov/commenton/FINCEN-2020-0020-0001

Meanwhile Mnuchin expects us crypto people to party instead of paying attention.

Looks like the trump administration is quickly shooting out some inconvenient rules to protect their (clients) interests?
It would be good to ban lawmaking after an offcial winner has been announced in presidential votes, until the new president is put in place.
Mnuchin also seems to be some character of the lowest variety, imho.

EDIT: 1000 posts! Hooray 

[JimboToronto]

[serveria.com]

Happy New Year Bob & Rick! 

[Biodom]

On top of the wallet rule now only three days from final adoption, FinCEN just announced ANOTHER rule.
https://www.coindesk.com/fincen-foreign-crypto-exchange-disclosure-rule
With a bare three weeks before leaving office, it's impossible to have a public comment period that complies with the Administrative Procedure Act.
Treasury hasn't even provided a timeline yet.  
We only know that this new midnight rule will have an illegally short comment period, just like the last one.
The fact that the procedure is done illegaly won't prevent the rule from being enforced.  This is a standard administrative procedure whereby government agencies like Treasury write regulations into law without actually having to go to Congress.  Once these new regulations go into effect, overturning them involves a politically difficult congressional procedure; the incoming administration can't simply rescind rules that went on the books before they came to office.
In other words, we're fucked.
There's still time to comment on the wallet rule, though
https://beta.regulations.gov/commenton/FINCEN-2020-0020-0001

Meanwhile Mnuchin expects us crypto people to party instead of paying attention.

An annoyance, but foreign exchange rule is of less consequence for most and I doubt that it would be fought hard. We should push for 60-90 days comments, of course.

I kind of anticipated this from the beginning and thereby never opened (or at least funded) a mtgox, bitstamp or bitfinex account.
Basically, you would have to file a FBAR every time (yearly) you have cash at or over $10K in a foreign account. There are other important points, described below.
https://www.greenbacktaxservices.com/blog/determining-need-file-fbar-form-8938/
Interesting points (a difference between FBAR and form 8938-that one has much higher monetary limits):
Foreign stock, held outside of foreign account: FBAR-NO, form 8938-YES
foreign Mutual funds-yes for both FBAR and form 8938

[lightfoot]

My guess is Trump expected a taste from bitcoin, didn't get it, and thus we have to deal.

[Krubster]

Congratulations to all of our This Is Gentlemen Official Wall Observer Coloring In Competition competitors.  

The competition was extremely tough but one clear winner emerged chosen by the people.  Congratulations to Krubster!  Please feel free to tell all your friends, family and distant relations.  

Thank you, I'm honoured. My parents will be so proud of me when they will find out about this.

[Toxic2040]

noon charts


happy new year gentlemen

#dyor

1h



4h



D

#stronghands

[serveria.com]

Congratulations to all of our This Is Gentlemen Official Wall Observer Coloring In Competition competitors.  

The competition was extremely tough but one clear winner emerged chosen by the people.  Congratulations to Krubster!  Please feel free to tell all your friends, family and distant relations.  

Thank you, I'm honoured. My parents will be so proud of me when they will find out about this.

Wow it's a nice setup you have there... is that an 086? 5.25 floppies right? 

[OutOfMemory]

^ looks like an IBM XT (with 8086 or 8088) with removed or photoshopped logo. Good old times and burnt in monitors...

EDIT: 5.25" 360KB (iirc) Floppy disks were standard. You could cut/punch out the write-enable tab at the other side and turn em around (vertical flip) and use em double-sided. Just like the old 8" dinosaurs, but a little more handy and soo above punch cards and tape reels back then.

[serveria.com]

^ looks like an IBM XT (with 8086 or 8088) with removed or photoshopped logo. Good old times and burnt in monitors...

EDIT: 5.25" 360KB (iirc) Floppy disks were standard. You could cut/punch out the write-enable tab at the other side and turn em around (vertical flip) and use em double-sided. Just like the old 8" dinosaurs, but a little more handy and soo above punch cards and tape reels back then.

I had a very similar-looking Siemens Nixdorf XT 088 with a monochrome monitor (black and amber?orange?) and a dot matrix printer  these floppies had to be handled very carefully and didn't last long anyway 

[jojo69]

[serveria.com]

Yeah good ol' times... config.sys missing though... 

[vapourminer]

^ looks like an IBM XT (with 8086 or 8088) with removed or photoshopped logo. Good old times and burnt in monitors...

EDIT: 5.25" 360KB (iirc) Floppy disks were standard. You could cut/punch out the write-enable tab at the other side and turn em around (vertical flip) and use em double-sided. Just like the old 8" dinosaurs, but a little more handy and soo above punch cards and tape reels back then.

I had a very similar-looking Siemens Nixdorf XT 088 with a monochrome monitor (black and amber?orange?) and a dot matrix printer  these floppies had to be handled very carefully and didn't last long anyway 

yeah looked like a green monochrome monitor. got one out in the barn somewhere.