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

[JayJuanGee]

...I understand that there is also an automated bank security system that stops some payments (and I noted this right away, this is their control over my money)...

It's not your money if it's in a bank. It's the banks money until they pay you back.

Our money is in our savings and the money in the bank means it's their money (bank).
Your answer is very correct. lol

It seems you are missing something from your answer. They (bank) will not pay the money back without an order to return.
Isn't it like that?

Well, another characteristic of that money that is in the bank, is that there is something that is not quite yours also because even if you hold that money in your grubby little hands, it loses value because it is "purposefully" denigrated in order to rob little by little from every person that holds such money.  For sure, the vast majority of normies have been trained into believing that it is normal and expected to have their money denigrated, so they hardly even believe that they deserve their money to retain its value... and surely it could take generations for bitcoin to reverse the embedded training.. and some of us have figured it out sooner than others, and realized that even if we might not go 100% into bitcoin, we should not be holding too many dollars beyond the amount that might be needed to cover our expenses.. including contemplating our how sure we are about our various cashflow sources, too.

When many of us grew up learning various fiat systems, and then we have built some trust in the institutions serving the interests of the people, and surely, even if they may be "required" to "serve the interests of the people," the system itself is lacking a sufficient amount of objectivity.. and objective standards in order to incentivize serving the interests of the people.. and so many folks in those positions to oversee fiat systems might even believe that they are doing the right thing when they uphold the ongoing denigration and exploitation of the people's purchasing power and to proclaim "that's the way it is supposed to be."....

Bitcoin may well not fix these matters over night, but many of us are recognizing and appreciating that value is flowing into bitcoin because it is sufficiently neutral and has the capacities to address the corruptions and the unsoundness of the money, even when some of the people do not actually realize it... and may be part of the reason why so many normies are slow to bitcoin and it is going to take a while for them to figure it out.. they get confused... how could it be?  how could it be?

Well you better buy some, get involved and learn about bitcoin sooner rather than later, but hey if you want to wait, then that's on you... there is ONLY so much that we can do when they are looking at the price and saying " I thought that was dead?"  "no, what is dead and dying is those systems in which your value is robbed from you little by little because they have 'design flaws.' "

Got email from Coinbase saying that "if you sent your bitcoin for them to sell, then they would produce tax documents for you where they would be indicating the "base/cost" as ZERO", with a lame excuse of not knowing what it cost you (instead of indicating the value of bitcoin when they GOT IT).

For 2022 it is still not covered by automatic reporting (like stocks), but if next year they will start...and that was in some of laws that already passed, and then many of us would have huge problems, potentially, as they will report your sale price and your imaginary "cost" at ZERO to the three letter dudes.

TL;DR prepare to get wrecked next year

I am having my doubts that Coinbase is any more lame than you for repeating that nonsense.

Of course, if they do not know your basis, they have to report it as $0... so you have to figure out whether or not you are going to count the basis as zero or if you have some other records that you believe will sufficiently suffice regarding what was your basis for those coins that you decided to sell (through Coinbase)... if you think that the basis should be the BTC price at the time that the coins came into Coinbase, then that surely sounds like a novel theory that would even be worse for Coinbase to be counting the basis of your coins like that.

Another possibility could be that they just put the basis as "unknown," and that would probably be the most accurate.

*not many of use actually read this entire friggin thread (sans scrolling JJgs longer winded shit).

That almost comes off as a compliment, if read in context.

 

 


 

Got email from Coinbase saying that "if you sent your bitcoin for them to sell, then they would produce tax documents for you where they would be indicating the "base/cost" as ZERO", with a lame excuse of not knowing what it cost you (instead of indicating the value of bitcoin when they GOT IT).

For 2022 it is still not covered by automatic reporting (like stocks), but if next year they will start...and that was in some of laws that already passed, and then many of us would have huge problems, potentially, as they will report your sale price and your imaginary "cost" at ZERO to the three letter dudes.

since i send in a form 8949 with all cost basis and sells why would that matter? i assume coinbase has always sent all data they have already whether they admit or not.

That's what I was trying to say.

[Fuso.hp]

Twitter

[hisslyness]

I haven't been able to post much, but I have been reading and following the thread whenever I have the chance. I was wondering, am I the only one who reads this thread backwards to catch up on new posts?

Anyhow, I've been busy updating my servers in the datacenter where I work. It had been four years since my last visit, and I needed to replace a failed hard drive with new SSD drives, as well as update some old cPanel VMs.

All was going well until I forgot the admin password - un-fucking-believable! Panic set in as I never forget passwords or at least have them securely stored somewhere. This hypervisor contained 12 important VMs and our Primary DNS, and after an hour of trying every possible password, websites and webapps started dropping! I knew I knew the password, as I remembered rebooting it a few years back (it had over 1000 days of uptime). It was late, and the stress and pressure were really getting to me - I'm not usually like this, I work well under pressure. In fact, back in high school, I used to complete my assignments the night before and still do better than 95% of the class. Eventually, I managed to crack into the box, change the admin password and booted everything back up. Just the thought of what would have happened, caused this sinking feeling I wouldn't want to have again!

I think I'll pull the plug with working at the next ATH (whenever that may be). While I've always thought that I don't need to work, but rather want to work, the truth is that many people rely on me to show up, causing me to need to work! However, it has all started to really get to me.

As you may know, I work in IT, and the ever-changing landscape is starting to affect me negatively. I used to enjoy it, but now, even small things are starting to bother me - dropping support for "screen"? What the fuck? My muscle memory for ctrl-a-d is ingrained in my fingers! Now they want me to use tmux? That stuff is dreadful - or am I just getting too old for this shit?

CentOS has stopped development of CentOS 8 in favour of CentOS stream, and I'm not sure why. I couldn't be bothered with digesting the information to work out the advantages, etc. How does this affect me? cPanel will drop support for CentOS 7 in June 2024, and I think they've already dropped support for CentOS 8, and will not support any Stream variants. Anyhow, they're pushing for a paid version of CloudLinux, which I was very tempted to use to replace the current setup as I thought there weren't many options.

I was wrong - AlmaLinux and RockyLinux are excellent alternatives. The younger me would have realized this years ago! What I'm noticing is that I'm not doing my due diligence or researching. Has the landscape gotten so big? Am I just getting too tired to learn more, or am I holding onto the past? Or has YouTube Shorts and Instagram rewired my brain to have the attention span of a 10-year-old?


TL;DR - CentOS is now AlmaLinux

I know where your coming from.
Having worked in IT for a number of years the appetite for learning yet another distro or windows install wanes.
Eventually you get to the stage of not giving a cr@p and thats when I got out.
Too many people rely on your skillset to not care so it was time to change my job.
To be fair the size and scope of IT these days is so vast that you need many specialists.
I now enjoy my retirement with more sedate things but still tinker with computers on things that interest me.
Also remember that if you were to drop dead today your position at work would probably be filled within a week.
Life is too short to not enjoy it.

The last few months have taken its toll, both mentally and physically. I feel the under appreciation and the demands from some clients/customers to have things finalized in an unrealistic time frame hasn’t helped!

My dilemma is that I own the business and while some clients are a pain, I still consider them almost family. Some have been with me for almost 20 years, the thought of just dumping them and running, doesn’t sit well.

If I was an employee, I probably would have been relaxing on the beach with @El duderino_, posting “Where Am I?” clues.

But starting to come to terms with the idea of letting it all go! Maybe it’s time to start planning an exit strategy.

I am happy you got out and are enjoying retirement. You are right, life is way too short!

[Bitcoin_people]

The Bear Market is OVER. $30K BTCBTC   



https://twitter.com/TheBTCTherapist/status/1645606814099070977?t=opdcWWNRi3rcKRpwSOGJwg&s=19

[ChartBuddy]

Explanation

[zaki12]

#Bitcoin smesh $30k


source

[ChartBuddy]

Explanation

[Bitcoin_people]

https://twitter.com/Ashcryptoreal/status/1645653654588866560?s=19

[Suzume]

Oh !! BTCBTC $30K have a nap 

[ChartBuddy]

Explanation

[machasm]

I haven't been able to post much, but I have been reading and following the thread whenever I have the chance. I was wondering, am I the only one who reads this thread backwards to catch up on new posts?

Anyhow, I've been busy updating my servers in the datacenter where I work. It had been four years since my last visit, and I needed to replace a failed hard drive with new SSD drives, as well as update some old cPanel VMs.

All was going well until I forgot the admin password - un-fucking-believable! Panic set in as I never forget passwords or at least have them securely stored somewhere. This hypervisor contained 12 important VMs and our Primary DNS, and after an hour of trying every possible password, websites and webapps started dropping! I knew I knew the password, as I remembered rebooting it a few years back (it had over 1000 days of uptime). It was late, and the stress and pressure were really getting to me - I'm not usually like this, I work well under pressure. In fact, back in high school, I used to complete my assignments the night before and still do better than 95% of the class. Eventually, I managed to crack into the box, change the admin password and booted everything back up. Just the thought of what would have happened, caused this sinking feeling I wouldn't want to have again!

I think I'll pull the plug with working at the next ATH (whenever that may be). While I've always thought that I don't need to work, but rather want to work, the truth is that many people rely on me to show up, causing me to need to work! However, it has all started to really get to me.

As you may know, I work in IT, and the ever-changing landscape is starting to affect me negatively. I used to enjoy it, but now, even small things are starting to bother me - dropping support for "screen"? What the fuck? My muscle memory for ctrl-a-d is ingrained in my fingers! Now they want me to use tmux? That stuff is dreadful - or am I just getting too old for this shit?

CentOS has stopped development of CentOS 8 in favour of CentOS stream, and I'm not sure why. I couldn't be bothered with digesting the information to work out the advantages, etc. How does this affect me? cPanel will drop support for CentOS 7 in June 2024, and I think they've already dropped support for CentOS 8, and will not support any Stream variants. Anyhow, they're pushing for a paid version of CloudLinux, which I was very tempted to use to replace the current setup as I thought there weren't many options.

I was wrong - AlmaLinux and RockyLinux are excellent alternatives. The younger me would have realized this years ago! What I'm noticing is that I'm not doing my due diligence or researching. Has the landscape gotten so big? Am I just getting too tired to learn more, or am I holding onto the past? Or has YouTube Shorts and Instagram rewired my brain to have the attention span of a 10-year-old?


TL;DR - CentOS is now AlmaLinux

I know where your coming from.
Having worked in IT for a number of years the appetite for learning yet another distro or windows install wanes.
Eventually you get to the stage of not giving a cr@p and thats when I got out.
Too many people rely on your skillset to not care so it was time to change my job.
To be fair the size and scope of IT these days is so vast that you need many specialists.
I now enjoy my retirement with more sedate things but still tinker with computers on things that interest me.
Also remember that if you were to drop dead today your position at work would probably be filled within a week.
Life is too short to not enjoy it.

The last few months have taken its toll, both mentally and physically. I feel the under appreciation and the demands from some clients/customers to have things finalized in an unrealistic time frame hasn’t helped!

My dilemma is that I own the business and while some clients are a pain, I still consider them almost family. Some have been with me for almost 20 years, the thought of just dumping them and running, doesn’t sit well.

If I was an employee, I probably would have been relaxing on the beach with @El duderino_, posting “Where Am I?” clues.

But starting to come to terms with the idea of letting it all go! Maybe it’s time to start planning an exit strategy.

I am happy you got out and are enjoying retirement. You are right, life is way too short!

Well you will have to leave it at some point whether willingly or otherwise!
Might as well be willingly.

[John Abraham]

Seen wick yesterday….




Now I’m here… where is it….?? Let’s play

Ask Something hard. You're in a Sea Bitch 

[El duderino_]

[_Hiloveua_]

Yeah, Everything should have a destination. Action without destination is senseless.

[bitcoinPsycho]

Yeah, Everything should have a destination.

[ChartBuddy]

Explanation

[LFC_Bitcoin]

@thepowerfulHRV
The major BTC bear markets. All time high, to bottom, back to the all time high.

Current bear market shown in black.

I bet this recovery will be closer to 2013 bull run (blue line) for a number of reasons:
1. Price was artificially low due to fake FTX  paper buying.
2. Regulatory clampdown will keep money out of fakebitcoin scams and into $BTC.
3. Inflation is high, and will probably stay high.
4. We are entering a period of rapid loss in trust of fiat currency, banks, and government debt.

https://twitter.com/thepowerfulhrv/status/1645624778802483200

[Suzume]

Nice GIF. Did you create it?

Nope that is not may creation. I found a video of this from somewhere i don't remember. I changed it from video to GIF. I didn't find the source link that's the reason i didn't upload the source..

[HI-TEC99]

Regardless.... off to see John Wick 4 this weekend.

John Wick, bitstamp wick
Weak wick week, springin' in spring?
Lifeline for Deutsche Bank?




#haiku

Seen wick yesterday….




Now I’m here… where is it….?? Let’s play

Jaywick Sands.

[shahzadafzal]

Chill It's $30k ... 

That's a nice gif... something new but this one is forever!!!