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

[ChartBuddy]

Explanation

[1714031255]

1714031255

[1714031255]

1714031255

[El duderino_]

[savetherainforest]

I moved just 1 bitcoin onto coinbase a few weeks ago and this morning I got this from HMRC
fucking vultures

I see you fell for the KYC trap.

Binance keeps warning me that they will ban or block my accounts if I don't do KYCs for the last 2 years. (hint: they haven't closed them, blocked or anything)

If you use only crypto-to-crypto trough the DEX wallets added to the platform, u'r basically 'out there'.
They did limited the withdrawals down to 0.06BTCiTcoins I think, but u can always move 1 whole bitcoin like in 16-18 days. + the 25$ fee per day. Or you can change to some low fee sh!tcoin (like LTC/DGB/Doge...etc) that will allow you to do the peer-to-peer atomic swap thingy. And then you change a whole coin from the mighty alts.

Anyway... WAZZZZZZZZUP PLEBS!??? ... did you bought the dip from the last week or so??            


*edit(): Also cryto-to-crypto ... is not a taxable event.

[Hueristic]

For anyone who missed the dip, now is the time to try again. If you pussy out you'll regret it in a few months I reckon.

I swear I can predict the dip by when I am fiat broke!

Never Fails.

The danger for us, who know what Bitcoin means, is similar - to be tempted to sell at the "top" of the cycle and rebuy at the "bottom" of the bear market. It sound so tempting, for example if we sold at 20K in Dec 2017 and rebought in 2018 at 3100, we would have had >6x more coins! And this thought was so depressing for me during the 3 year bear market. But there is nothing to be done about it. On the chart it looks so easy, but how many succeeded selling and rebuying with such a huge profit? The odds are much smaller than betting on a single number of a roulette in a casino. They are higher if we aim for a smaller profit like 10-20%, but does it look fine betting 100% of our stash for, say a 25% chance of winning? This is only a rough estimation.

This is soo true, even if you do catch the top which I did the chances of getting back in with the original amount or more is slim for a myriad of reasons.

Mine were mostly partying and gambling.


Stinking 4 pages to catch up, teach me to go get a tooth done.

[philipma1957]

time to revisit this prediction from page 27069:

Dec 9th 2021 $261k

sigh...  

OMG that would be one huuuuuuge green dildo! 

That would be the shaft of ages.  @nohomo

[El duderino_]

https://twitter.com/pierrepoilievre/status/1468594502080237568?s=21

[Hueristic]

I moved just 1 bitcoin onto coinbase a few weeks ago and this morning I got this from HMRC
fucking vultures

Coinbase! Haven't you been listening at all, COINBASE is a fucking FED honeypot..

Jesus when will people learn.

I have Another definition of "JayJuanGee". In my Local Language "JayJuanGee" Means- "WinYoungGhee"   Jay = Win,  Juan = Young, Gee = Ghee, = WinYoungGhee.
I know it doesn't make any sense. But it is what it is.

so, just to boil this down to the essentials:

JJG = doesn't make any sense.

got it

ha ha ha.  

I don't expect someone to call him WYG Now.  
He will be mad at me.

JJG is 100% WYSIWYG.

.... However, what other choice do governments have? ...

They have the same choice El Salvador made.

https://twitter.com/pierrepoilievre/status/1468594502080237568?s=21

Holy shit that was awesome!!!

A babbling MAximillion!

Fucker got the wrong name!

[savetherainforest]

For anyone who missed the dip, now is the time to try again. If you pussy out you'll regret it in a few months I reckon.

I swear I can predict the dip by when I am fiat broke!

Never Fails.




Stinking 4 pages to catch up, teach me to go get a tooth done.

Try to avoid JJG's posts and you will be scrolling through the pages in no time...

[naim027]

I have Another definition of "JayJuanGee". In my Local Language "JayJuanGee" Means- "WinYoungGhee"   Jay = Win,  Juan = Young, Gee = Ghee, = WinYoungGhee.
I know it doesn't make any sense. But it is what it is.

so, just to boil this down to the essentials:

JJG = doesn't make any sense.

got it

hahaha.  

I don't expect someone to call him WYG Now.  
He will be mad at me.

JJG is 100% WYSIWYG.

Knock Knock!!

Secret Special Force of JJG Here. 😈👮‍♂️
Open The Door else you are going to get Fucked up 💣

Try to avoid JJG's posts and you will be scrolling through the pages in no time...

Want the same as @Hueristic?
Hold on. My Secret Special Force on the way 🕵️‍♀️

-JJG

[savetherainforest]

Try to avoid JJG's posts and you will be scrolling through the pages in no time...

Want the same as @Hueristic?
Hold on. My Secret Special Force on the way 🕵️‍♀️

-JJG

You leave my BTCiTcoin sausage fest party gay buddy alone!!! JeJeGey is in a committed abusive relationship with just a few of us!!!      

[ChartBuddy]

Explanation

[naim027]

Try to avoid JJG's posts and you will be scrolling through the pages in no time...

Want the same as @Hueristic?
Hold on. My Secret Special Force on the way 🕵️‍♀️

-JJG

You leave my BTCiTcoin sausage fest party gay buddy alone!!! JeJeGey is in a committed abusive relationship with just a few of us!!!      

Yeak, Eeeeuuuu. I am not going to say anything. Wait for the Great JJG 💂‍♂️

[strawbs]

.... However, what other choice do governments have? ...

They have the same choice El Salvador made.

Oh, if only that were true. The UK (we began this with a post about UK taxation/HMRC) is at the very heart of the legacy financial system. Remember that the Federal Reserve's modus operandi was based on the Bank of England's. I would love to see the UK accept btc as legal tender. In fact, that would be astonishingly good. But that would be akin to a bitcoin phoenix rising from the flames of a rotten corpse. I suspect UK plc will be one of the very last to embrace btc. We can live in hope though.

[Hueristic]

.... However, what other choice do governments have? ...

They have the same choice El Salvador made.

Oh, if only that were true. The UK (we began this with a post about UK taxation/HMRC) is at the very heart of the legacy financial system. Remember that the Federal Reserve's modus operandi was based on the Bank of England's. I would love to see the UK accept btc as legal tender. In fact, that would be astonishingly good. But that would be akin to a bitcoin phoenix rising from the flames of a rotten corpse. I suspect UK plc will be one of the very last to embrace btc. We can live in hope though.

I'm not sure what you mean by the bolded although I have spent zero time researching the Fed as its all obfuscated and hidden from prying eyes.

Maybe you can explain this?

In 1791, the government granted the First Bank of the United States a charter to operate as the U.S. central bank until 1811.[144] The First Bank of the United States came to an end under President Madison when Congress refused to renew its charter. The Second Bank of the United States was established in 1816, and lost its authority to be the central bank of the U.S. twenty years later under President Jackson when its charter expired. Both banks were based upon the Bank of England.[145] Ultimately, a third national bank, known as the Federal Reserve, was established in 1913 and still exists to this day.

https://en.wikipedia.org/wiki/Federal_Reserve


Added:

The Fed’s reputation for policy competence and independence
owes much more to the role of strong Chairmen in recent years than to any statutory design.  By contrast, the Bank of England was founded as a private bank. Concerns about
independence played no part in its early history and only came to the fore after it had acquired,
step by step, the responsibilities of a central bank.

https://www2.uwe.ac.uk/faculties/BBS/BUS/Research/Economics13/1311.pdf

[fillippone]

I post it because you guys know how much the man:

• I am a self proclaimed “PlanB Zealot” as per my Twitter Bio
• I have a thread where I spread PlanB gospel: Stock-to-Flow Model: Modeling Bitcoin's Value with Scarcity
  ^{Please don’t post this on that thread as it would be considered blasphemy}

So I felt guilty when I giggled at this:

[BobLawblaw]

So I felt guilty when I giggled at this:

* BobLawblaw grumbles

https://bitcointalk.org/index.php?topic=5362774.msg58651564#msg58651564

[eXPHorizon]

https://www.youtube.com/watch?v=gAYL5H46QnQ

 

This song sums it up around here xD

[ChartBuddy]

Explanation

[strawbs]

.... However, what other choice do governments have? ...

They have the same choice El Salvador made.

Oh, if only that were true. The UK (we began this with a post about UK taxation/HMRC) is at the very heart of the legacy financial system. Remember that the Federal Reserve's modus operandi was based on the Bank of England's. I would love to see the UK accept btc as legal tender. In fact, that would be astonishingly good. But that would be akin to a bitcoin phoenix rising from the flames of a rotten corpse. I suspect UK plc will be one of the very last to embrace btc. We can live in hope though.

I'm not sure what you mean by the bolded although I have spent zero time researching the Fed as its all obfuscated and hidden from prying eyes.

Maybe you can explain this?

In 1791, the government granted the First Bank of the United States a charter to operate as the U.S. central bank until 1811.[144] The First Bank of the United States came to an end under President Madison when Congress refused to renew its charter. The Second Bank of the United States was established in 1816, and lost its authority to be the central bank of the U.S. twenty years later under President Jackson when its charter expired. Both banks were based upon the Bank of England.[145] Ultimately, a third national bank, known as the Federal Reserve, was established in 1913 and still exists to this day.

https://en.wikipedia.org/wiki/Federal_Reserve


Added:

The Fed’s reputation for policy competence and independence
owes much more to the role of strong Chairmen in recent years than to any statutory design.  By contrast, the Bank of England was founded as a private bank. Concerns about
independence played no part in its early history and only came to the fore after it had acquired,
step by step, the responsibilities of a central bank.

https://www2.uwe.ac.uk/faculties/BBS/BUS/Research/Economics13/1311.pdf

I've had a little too much price-discounted Rioja to respond fully, and it's almost bed time. You're right though - the BoE was founded as a private bank in 1694. The Federal Reserve was also founded by a cartel of private banks in 1913. Both were given, by their respective nation's government, the privilege of issuing bank notes as a means of raising and then lending money to the state.

I apologise, but that's all I can really muster at this stage ¯\_(ツ)_/¯

I do agree that it's VERY difficult to do any meaningful research into the Federal Reserve. I wonder why.....

As Henry Ford (may have) said "It is perhaps well enough that the people of the nation do not know or understand our banking and monetary system, for if they did I believe there would be a revolution before tomorrow morning".

[JayJuanGee]

time to revisit this prediction from page 27069:

Dec 9th 2021 $261k

sigh...  

$261,000 is coming, just not yet. We’ll see it before 2030, I’m pretty certain of that. Might even see it after the next halving so some time in 2025.

You are starting to worry me LFC.



It does not seem like an outrageous scenario for $261k to be "seen" this cycle..... so anytime between the first and 3rd quarters of 2022... If we were not to see $216k by 3rd quarter 2022... then anything less than the $150k to $250k range is going to play out as a very weird cycle.. so Jesus we might need to reassess what is going on exactamente in bitcoinlandia.. .. just seems way too soon in bitcoin's adoption to be smoothing out the ups and downs too much.. and surely if we were to "suffer" from such levels of smoothening out of the violence, it could be that some of the financial tools had been successful in keeping our saviour king daddy down.. and even that seems a bit of a strange way for matters to play out in the coming years...

Don't get me wrong-- I am not wedded to having to have outrageousness or having to have blow-off tops or even financially or psychologically wedded to such things to happen in order to still be in a real great position with my bitcoin.. including my witnessing that the 208-week moving average continues to move up greater than 60% per year.

I am just having some troubles foreseeing the vanishing of such likely ongoing outrageousness, violence, battles and all that goes with the recking and unreckening of betters so early in BTC's life..

Such scenario comes off as  strange.. just would be strange.. at the point where we are at..

We (or maybe just I) would have to rethink BTC.... and sure maybe someone is going to provide a model or yeah maybe the facts in terms of how they play out will help to show what is actually going on in order to help to clarify reasons for what we would be seeing in such a whimpy bitcoin play..

TLDR (for you Hueristic).... the next three quarters are critical^tm.

By the way.. regarding your whimpy-ass way of saying that it would happen by 2025.. sure I am willing to concede that in theory.. but we surely have to figure out how we are getting there.. .. in other words, you just seem to be conceding that bitcoin entering into a disappearance of blow off tops or outrageousness would still allow for it to get up to $261k in the next cycle.... just seems weird getting there like that.. if all of this were to end up playing out in terms of your kind of alternative scenario.. our new BTC... .. who have you been reading?  What have you been smoking?  sorry to get personal.. but I am struggling with the vision a bit... sounds like something dragonvslinux might say. #nohomo