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

[shmadz]

https://www.congress.gov/bill/113th-congress/house-bill/5892/text

Makes sense now, good news = price drop.

Nearly every time

[oda.krell]

Back from Christmas slash New Year's vacation, and this is what I return to? Great job guys

Well, at least volume is picking up again somewhat ^_^

[findftp]

I said it already one time this year,.. but I can't hesitate.
Let me whisper it: This feels like a bottom to me.
Prices cannot much lower imho, so I bought additional. 
Hope I'm doing the right thing.

[oblox]

https://www.congress.gov/bill/113th-congress/house-bill/5892/text

Makes sense now, good news = price drop.

Nearly every time

It's introduced... not in effect as law.

[pjviitas]

What do we think the low could be?
250?

After 275...next stop single digits...then it will stay there because that is all its worth

[Tzupy]

Finally, the misleading weekly PSAR flipped on Bistamp:

[octaft]

It can't get anymore bullish.

Wut

Seems to be bearish now

NOW THE CHINESE WILL SELL ALL THE BITCOIN!!!!!!!!!!!!!!!!!!!!!!!!!!!!111111111111111111eleven
BAIL THE FUCK OUT NOW!!!!!!!!!!

Sodl or troldl?

[findftp]

pls satoshi come help us 

All he can do is sell coins..

So I guess we found the culprit!
 

[Wandererfromthenorth]

Back from Christmas slash New Year's vacation, and this is what I return to? Great job guys

Well, at least volume is picking up again somewhat ^_^

Welcome back  

[DeadCoin]

I'd rather lose my entire BTC investment at $0 than sell now.
What's the point in living life if you don't take a few risks.
I would never be happy living an average life in an average job.
You have to take risks.
I'd rather live on the street & know that I tried than sell now.

That mentality will get you nowhere in life. You're too emotional and you have gambling state of mind.

Right now, you're better off betting your money on a single number in roulette and get 3500% return on your investment if it hits, because chance of hitting a number is 2,7%, while chance of bitcoin being a $10k plus anytime soon is much less.

[shmadz]

https://www.congress.gov/bill/113th-congress/house-bill/5892/text

Makes sense now, good news = price drop.

Nearly every time

It's introduced... not in effect as law.

Yeah, and I realize it's got a snowball's chance in hell of ever passing in the US,  but it actually looks like it's well thought out and a plausible, measured approach to crypto.

I'm gonna copy paste this to the Canadian Senate, maybe first to Andreas to see if he might forward it along, they (Canadian Senate) seemed receptive to Andreas...

Can't hurt :shrug:

[White_banker]

https://www.congress.gov/bill/113th-congress/house-bill/5892/text

Makes sense now, good news = price drop.

Nearly every time

Bad news for me are you a trader you don't think about [ Miners ]

[dakota neat]

Damn, it feels so good to be a bear! Like a beargasm!

[dakota neat]

FINALLY I CAN SELL ALL THESE WORTHLESS TOKENS FOR PRECIOUS FIAT

[esse83]

Just noticed that we are at major support line at Huobi, prepare for pump. If not.. jesus we are going down so hard its not even funny.

[DieJohnny]

Bitcoin usage only will justify a price of $25-50. Current remittances and the rare purchases in bitcoin are just not high enough yet.

We will likely approach $100 before rebounding. Speculators will come again but not for another year.

[celebreze32]

Finally, the misleading weekly PSAR flipped on Bistamp:

Does that mean we are going up or down?

[shmadz]

https://www.congress.gov/bill/113th-congress/house-bill/5892/text

Makes sense now, good news = price drop.

Nearly every time

Bad news for me are you a trader you don't think about [ Miners ]

I am a miner, and I thought it looked pretty good for miners,

(e) Revenue From Mining or Creation of Cryptocurrency.--It is the
public policy of the United States that the Service's guidance that
taxpayers should have the fair market value of the cryptocurrency they
successfully ``mine'' or produce included in gross income is
inequitable, overstates actual income by overstating fair market value
by not accounting for the liquidity risk or the risk that substantial
effort may yield no production, and strongly and unfairly penalizes or
discourages such income producing efforts and deters economic growth,
activity and innovation.

Is that not good? Or at least better than when they were talking about taxing you on every coin you mine as"income"

[42t]

Bitcoin usage only will justify a price of $25-50. Current remittances and the rare purchases in bitcoin are just not high enough yet.

We will likely approach $100 before rebounding. Speculators will come again but not for another year.

So you're saying the price is low, because it isn't used as a currency often enough? With that logic we should all order pizza in btc.

[Wandererfromthenorth]

shmadz:  Are you still profitable as a miner at these prices? At what prices do you stop being in profit considering your electricity cost?
Serious question not trolling or anything