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

[JayJuanGee]

Seems like 5000$ is not a dream anymore

Seems like $5000 is right around the corner, and decent chances within the next week or two, also.

Surely, no price direction is "a given" or "for sure," but we seem to have continued and ongoing upwards price pressures that could deliver $5k to us soon^TM


Edit:

By the way, guys, I find this strange as fuck.  I just looked on Stamp, and there are only 1150BTC for sale (on the books) up to $5050. 


Strange?

Frequently, walls can be a reverse indicator, so I have a hard time really believing that we might just whiz past $5k without any fight at all? 

On the other hand, as you might have noticed from my earlier post today, I am currently thinking that the next resistance point (not sure about how strong it is going to be) will be in the $5400 to $6400 arena (possibly half way through would be around $5900, to be more precise).  anyone?

[deepcolderwallet]

heres some info ill share with you all since im such a nice guy....

https://www.reddit.com/r/btc/comments/6wxbsg/3000_btc_from_jan_2010_was_just_moved_to_sw/

theres more btw....

now, as for the bet, its only for my trollbro becoin  

I don't interpret it as a imminent dump threat. Au contraire, looks like Satoshi has adopted SegWit and moved part of his stash to a SegWit address.

That's bullish!

SATOSHI NAKAMOTO LOVES SEGWIT!

[deepcolderwallet]

Is crypto dead?

York back from hell!

[RealMachasm]

Another hacked account!!
Please ignore anything from Machasm, at least till I get my account back if ever.

-----BEGIN BITCOIN SIGNED MESSAGE-----
My account machasm has been hacked. The current date is 31/08/2017.
17TiFR9SCS1bhjXWUDHSx7hn96M5HhsFgN
-----BEGIN SIGNATURE-----
IAOUwfuH/1aB2CavGqiGF5hTsavQ+SY/i1K0Pru2QupsWT+ctde4Q/9HIp1cc5+vEulGvF/9dk5DKDLxUTjpvbc=
-----END BITCOIN SIGNED MESSAGE-----

Here is the unedited post where I posted that address:
https://bitcointalk.org/index.php?topic=996318.msg21177226#msg21177226

[BlindMayorBitcorn]

Who's next to get hacked? I bet it'll be Jimbo

[BlindMayorBitcorn]

@BMB - what you talking about?  Entering BTC during 2014? and then suffering through that whole year of bear? and also 2015 was largely bearish too, until towards the end, no? 

Many of us who had been buying through 2013, 2014 and 2015 are in similar situations.... we kind of have fears about being dumped upon.. however, those fears are largely irrational because times they are achanging.. and we are likely going to continue in a bull market for a bit longer.  Don't you think?

Battered Bitcorn Syndrome. It's a thing.

[marcus_of_augustus]

yeah I'm good, hey listen I quit

[BlindMayorBitcorn]

yeah I'm good, hey listen I quit

I've never seen that movie. What kind of job does he give him?

Also, I finally got around to watching the first few minutes of 300. Why would the Persian messenger stand in front of a giant open pit?

I think it's time to revisit some of these memes for accuracy.

[Mrpumperitis]

heres some info ill share with you all since im such a nice guy....

https://www.reddit.com/r/btc/comments/6wxbsg/3000_btc_from_jan_2010_was_just_moved_to_sw/

theres more btw....

now, as for the bet, its only for my trollbro becoin  

I don't interpret it as a imminent dump threat. Au contraire, looks like Satoshi has adopted SegWit and moved part of his stash to a SegWit address.

That's bullish!

SATOSHI NAKAMOTO LOVES SEGWIT!

afaik, 1000btc have been sold so far
https://blockchain.info/address/33ZgKQ9XSZQEum5JFqNTpqGTkQR4Zdtyve
the comments should be read, it makes a nice change from this echo chamber 

[JayJuanGee]

yeah I'm good, hey listen I quit

Gosh, the last few months have considerable potential for inspiring such dramatic severance of whatever we have been doing previously.  O.k.  Yeah, things were going pretty good to go from $250 to $1000 in less than 2 years, but then the $1000 doubled and then tripled and then quadrupled - so yeah, things gotta be going pretty well for anyone who had been a hodler and/or accumulator in the triple digit price arena, no? 

Profits have multiplied as long as you had enough forbearance to NOT sell too early... don't sell too much and don't sell too early and have enough to realize decent profits when the price explodes upwards - seems to be our current status, no?

[JayJuanGee]

heres some info ill share with you all since im such a nice guy....

https://www.reddit.com/r/btc/comments/6wxbsg/3000_btc_from_jan_2010_was_just_moved_to_sw/

theres more btw....

now, as for the bet, its only for my trollbro becoin  

I don't interpret it as a imminent dump threat. Au contraire, looks like Satoshi has adopted SegWit and moved part of his stash to a SegWit address.

That's bullish!

SATOSHI NAKAMOTO LOVES SEGWIT!

afaik, 1000btc have been sold so far
https://blockchain.info/address/33ZgKQ9XSZQEum5JFqNTpqGTkQR4Zdtyve
the comments should be read, it makes a nice change from this echo chamber 

Do you have specific comments in mind that you would like folks to read?  Have you figured out whose coins they are?  they were mined in January 2010 and they were never moved until today.  O.k?  Speculation that they are Satoshi's coins, but possibly not, too, right?  What is the significance?  Someone mining in January 2010 and got several rewards of 50 coins... what else is there to this story?

[jbreher]

my problem with selling bitcoin cash and moving it to BTC proper is taxes. IF I ignore it the IRS may call it a stock split...

Granted, we're in somewhat uncharted territory here, but I really don't see what the problem is. For 'merkans, probably the closest model is a corporate spinout - like when HP (HPQ) split into HP Inc and HPE. On the day of the split, the cost bases were adjusted (or determined). The value of HP Inc stock plus HPE stock at t=0+ was equal to the value of HPQ at t=0-. No taxable event, just an accounting adjustment to the cost basis for when you actually do sell.

Of course, when you do sell, that is a taxable event. Did you expect otherwise? Of course the IRS is gonna get a share of your windfall. But using this model*, the tax would be owed upon the gain, which would be based upon the cost basis determined at the fork -- not on the entire value of what you are selling.

*Again, this is likely uncharted territory. But this is a perfectly fine model. I can't imagine anything closer. Can you?

[jbreher]

If BCH succeeds in killing BTC, then:
1) There will be a general crash in crypto because it will be proved that they can be killed by such attacks; and
2) There are many better coins than BCH to play with.

Nonsense. If the market moves strongly to Bitcoin Cash over Bitcoin Core, then the narrative that 'Bitcoin Cash is The Real Bitcoin' will have been proven true.

That is a BIG fucking
IF ,
Jbreher.

Hey, now. It's not my 'if' - it's coinosphere.tk's 'if'. I didn't set up the hypothetical. I was just fixing the conclusion.

[Elwar]

my problem with selling bitcoin cash and moving it to BTC proper is taxes. IF I ignore it the IRS may call it a stock split...

Granted, we're in somewhat uncharted territory here, but I really don't see what the problem is. For 'merkans, probably the closest model is a corporate spinout - like when HP (HPQ) split into HP Inc and HPE. On the day of the split, the cost bases were adjusted (or determined). The value of HP Inc stock plus HPE stock at t=0+ was equal to the value of HPQ at t=0-. No taxable event, just an accounting adjustment to the cost basis for when you actually do sell.

Of course, when you do sell, that is a taxable event. Did you expect otherwise? Of course the IRS is gonna get a share of your windfall. But using this model*, the tax would be owed upon the gain, which would be based upon the cost basis determined at the fork -- not on the entire value of what you are selling.

*Again, this is likely uncharted territory. But this is a perfectly fine model. I can't imagine anything closer. Can you?

It could be considered a like-kind exchange.

Though...getting the additional coins in the first place...income? dividend? magic?

[elrippos friend]

Another hacked account!!
Please ignore anything from Machasm, at least till I get my account back if ever.

-----BEGIN BITCOIN SIGNED MESSAGE-----
My account machasm has been hacked. The current date is 31/08/2017.
17TiFR9SCS1bhjXWUDHSx7hn96M5HhsFgN
-----BEGIN SIGNATURE-----
IAOUwfuH/1aB2CavGqiGF5hTsavQ+SY/i1K0Pru2QupsWT+ctde4Q/9HIp1cc5+vEulGvF/9dk5DKDLxUTjpvbc=
-----END BITCOIN SIGNED MESSAGE-----

Here is the unedited post where I posted that address:
https://bitcointalk.org/index.php?topic=996318.msg21177226#msg21177226

The admins in here don't seem to care about hacked accounts lately, waiting for an awnser since june 

[jbreher]

my problem with selling bitcoin cash and moving it to BTC proper is taxes. IF I ignore it the IRS may call it a stock split...

Granted, we're in somewhat uncharted territory here, but I really don't see what the problem is. For 'merkans, probably the closest model is a corporate spinout - like when HP (HPQ) split into HP Inc and HPE. On the day of the split, the cost bases were adjusted (or determined). The value of HP Inc stock plus HPE stock at t=0+ was equal to the value of HPQ at t=0-. No taxable event, just an accounting adjustment to the cost basis for when you actually do sell.

Of course, when you do sell, that is a taxable event. Did you expect otherwise? Of course the IRS is gonna get a share of your windfall. But using this model*, the tax would be owed upon the gain, which would be based upon the cost basis determined at the fork -- not on the entire value of what you are selling.

*Again, this is likely uncharted territory. But this is a perfectly fine model. I can't imagine anything closer. Can you?

It could be considered a like-kind exchange.

If they did not go through fiat, certainly I would argue. But I thought the discussion was cashing out of Bitcoin Cash.

Though...getting the additional coins in the first place...income? dividend? magic?

No - a spinout as described above. These things happen to stocks from time to time. Use that model. Hence, my HP example.

[JayJuanGee]

If BCH succeeds in killing BTC, then:
1) There will be a general crash in crypto because it will be proved that they can be killed by such attacks; and
2) There are many better coins than BCH to play with.

Nonsense. If the market moves strongly to Bitcoin Cash over Bitcoin Core, then the narrative that 'Bitcoin Cash is The Real Bitcoin' will have been proven true.

That is a BIG fucking
IF ,
Jbreher.

Hey, now. It's not my 'if' - it's coinosphere.tk's 'if'. I didn't set up the hypothetical. I was just fixing the conclusion.

Fair enough.....

And, concededly none of these "if"s are really fleshed out very well... in terms of how we supposedly would arrive at such an hypothetical state of affairs, which the route there also has a lot of variables and even could affect the outcome depending on the route travelled.

[edited out]

If they did not go through fiat, certainly I would argue. But I thought the discussion was cashing out of Bitcoin Cash.

Actually, you could be correct that whether one cashes out into bitcoin is one thing or cashes out into cash is another thing; however, if one leaves the cash on the exchange then that is another thing too.... so one thing is having a "taxable" event, and another thing is having a traceable event.

[Karartma1]

BearStamp says $4601.93: still $400 to go if we have to reach 5k.
Volume is low we need more useless fiat money into the game to destroy the $5000 mark. Or altcoin holders should go back to btc for good

[AlcoHoDL]

A very good morning to all,

Bitcoin Euro-ATH was broken several times since y'day... Now at 3898 €/BTC (Kraken).  

Bitcoin Cash is also gaining slightly, now at 491 €/BCH (Kraken).

So, it seems the current poll will be (pleasantly) proven wrong... Let's hope there won't be any major dump coming. I know 10k € (a 2.5x increase) seems too optimistic for the end of the year, but you never know, it happened last year, why not this year too?

[ErisDiscordia]

We're a few USD from the ATH and yet...



EDIT: New ATH at Stamp