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

[Fatman3001]

sellllllllllllll!!!
https://www.cnbc.com/2017/10/13/jamie-dimon-says-people-who-buy-bitcoin-are-stupid.html

Dimon is a fool & hasn’t got a clue about the path that bitcoin is taking. Anybody who reacts to comments by him is an idiot.

I totally agree. What an ignorant comment. Not everyone has a $30 million annual salary that they can just "not care" about Bitcoin. Such arrogance in his uneducated opinion.

My formerly smart daughter.

why he keeps busting on his daughter? Not sure which one owns BTCs
[img ]http://static1.businessinsider.com/image/4b81bf540000000000d854c7-400/julia-dimon-daughter-of-jpmorgan-ceo-jamie.jpg[/img]
[img ]http://static1.businessinsider.com/image/4b81c9c00000000000b1776a-400/and-laura-dimon.jpg[/img]
[img ]http://static1.businessinsider.com/image/4b81c41f00000000005bf485-400/and-kara-leigh-dimon.jpg[/img]

They all made it to Introducing Wall Street's Hottest Offspring http://www.businessinsider.com/introducing-wall-streets-hottest-offspring-2010-2

Dimon also says it can go to $100K. Now I understand why they say stupid people are happier.


"I could care less what bitcoin trades for, how it trades, why it trades, who trades it. If you're stupid enough to buy it, you'll pay the price for it one day. I've also told people that it can trade at $100,000 before it trades to zero. Tulip bulbs traded for $75,000 or something like that."

[Meuh6879-1]

Be careful : Hacked database of passwords of all usernames is used to change your profile (and so, your password) without email notification (and so, your email linked to your profile).

Please change immediately your password with one that Bitcointalk don't have seen since ... 2014.
Please change email password if 1 of the password have been seen per Bitcointalk in your profile.

https://bitcointalk.org/index.php?topic=2272567.0

[jojo69]

again?

[sirazimuth]

Dimon also says it can go to $100K. Now I understand why they say stupid people are happier.


"I could care less what bitcoin trades for, how it trades, why it trades, who trades it. If you're stupid enough to buy it, you'll pay the price for it one day. I've also told people that it can trade at $100,000 before it trades to zero. Tulip bulbs traded for $75,000 or something like that."

I buy bitcoin and yes, I "pay the (going) price for it" ... everytime I buy it no less! Imagine that!
Been doing it every week for past 3 years actually... not just "one day"


oh jeezus, not the tulip thing again!
(faceplant in keyboard)

[yefi]

Ok, now I get it!
I had a legacy Bittrex account: I could use it for crypto-crypto trades only and my withdrawal limit was huge (more than 500BTC per day). After reading this post I had a feeling they finally implemented the KYC for all and they did it.
My legacy account is considered as new and if I don't fill the Basic verification form I can't do anything else.

Such a bad Sunday news

Ah, that makes sense. Interesting to hear I was not alone in having an elite withdrawal limit.

p.s. For whatever reason my legacy account is still operational.

[Searing]

Dimon also says it can go to $100K. Now I understand why they say stupid people are happier.


"I could care less what bitcoin trades for, how it trades, why it trades, who trades it. If you're stupid enough to buy it, you'll pay the price for it one day. I've also told people that it can trade at $100,000 before it trades to zero. Tulip bulbs traded for $75,000 or something like that."

I buy bitcoin and yes, I "pay the (going) price for it" ... everytime I buy it no less! Imagine that!
Been doing it every week for past 3 years actually not just "one day"

Yeah...Dimon.....

I have an impressive btc hoard that I've kept at a stable number since 2015. So his advice in 2013 at $150 usd would be sell,
2014 at say $250 sell, 2015 at say $450 sell, 2016 say at $850 sell and now 2016 at current $5,575 per btc ..you guessed it ...he says sell. (sheesh)

Oh, and this hoard in question is all profit. Mined and paid off equip to ROI. This is the cream off the top!

So, yeah, say it all goes tulips as he says, I'm out nothing, money into crypto wise anyway, and man'd up and took a chance on the closest thing to a Venture Capitalist,

Black Swan event (maybe) that will ever come in my everyman boring direction....

So wtf, let it ride...the view of only lose what you can afford applies here in my case, and hodl has been good to me so far, (knock, wood)

I suspect, if he had my number of bitcoins (chump change for him), he'd be singing a different ton. People asr usually only this angry, when they fear something,

and in his job and with his bank role, the stress it seems is making him crack....

[realr0ach]

Oh, and this hoard in question is all profit.

Did you cite to Jamie Dimon why you aren't required to pay any tax/extortion to the Pharisee/Ashkenazi fake Jews at the fed from the profit?

http://www.quora.com/What-did-Jesus-mean-when-he-said-Render-unto-Caesar-the-things-which-are-Caesars-and-unto-God-the-things-that-are-Gods

"The governor was Pilate, who was also procurator, responsible to Rome for the collection of "Caesar's tax" in Judea. The chief priests who sent the spies were confident Jesus would condemn Caesar's tax, for taxation is identical to extortion and a violation of the Commandment of God, "Thou shall not steal?" The Commandment does not exempt the State nor its tax collectors from its unequivocal prohibition."

[d_eddie]

Be careful : Hacked database of passwords of all usernames is used to change your profile (and so, your password) without email notification (and so, your email linked to your profile).

Please change immediately your password with one that Bitcointalk don't have seen since ... 2014.
Please change email password if 1 of the password have been seen per Bitcointalk in your profile.

https://bitcointalk.org/index.php?topic=2272567.0

Oh sh***. Thanks for the heads up, Meuh.

It seems legendary accounts are the most heavily targeted. I just changed my password - but I don't get it: is it that some cracker gang got hold of an old passwd database, or are they simply able to get new versions whenever they feel like it?

[realr0ach]

Be careful : Hacked database of passwords of all usernames is used to change your profile (and so, your password) without email notification (and so, your email linked to your profile).

Please change immediately your password with one that Bitcointalk don't have seen since ... 2014.
Please change email password if 1 of the password have been seen per Bitcointalk in your profile.

https://bitcointalk.org/index.php?topic=2272567.0

Oh sh***. Thanks for the heads up, Meuh.

It seems legendary accounts are the most heavily targeted. I just changed my password - but I don't get it: is it that some cracker gang got hold of an old passwd database, or are they simply able to get new versions whenever they feel like it?

Yep, my acct and a few other people's acct were targeted first...

[xhomerx10]

Be careful : Hacked database of passwords of all usernames is used to change your profile (and so, your password) without email notification (and so, your email linked to your profile).

Please change immediately your password with one that Bitcointalk don't have seen since ... 2014.
Please change email password if 1 of the password have been seen per Bitcointalk in your profile.

https://bitcointalk.org/index.php?topic=2272567.0

Oh sh***. Thanks for the heads up, Meuh.

It seems legendary accounts are the most heavily targeted. I just changed my password - but I don't get it: is it that some cracker gang got hold of an old passwd database, or are they simply able to get new versions whenever they feel like it?

DAMMIT!  I started getting crypto spam daily on Sept 15th 2017 to the gmail account that I use here but I just noticed yesterday since I rarely check the Spam folder.

[realr0ach]

In case anyone wondered from my previous reply to Searing, that post was not an endorsement of Bitcoin.  Why bitcoin is garbage and only physical, commodity currency (aka things like silver and gold) are permissionless and money:

Agreed we strive to understand how to live in harmony and not just destroy each other, but putting ideologues in charge with their aliasing error as follows meaning we get Frankenstein horrific outcomes

I would say anyone who supports bitcoin or anything blockchain related falls into that category.  For instance, bitcon transactions are not blinded and the system has built-in middlemen (transaction validators/miners).  If I have a gold or silver coin on my table, I'm not required to ask anyone permission or pay anyone extortion fees in order to be able to spend or trade with it.  Bitcon is the exact opposite.  In order to be able to do anything with a bitcon (since transactions aren't blinded), I'm not only required to ask permission to a centralized transaction validator, but also required to pay extortion fees to them (which they can artificially raise to the moon) to do anything with it.

For the religious nuts who keep posting in this thread (Coincube), Jesus is essentially defining forced taxation by the state as extortion and theft - paying tribute to a false god (Caesar).  So if bitcon is not only a permissioned system (from transactions not being blinded and transaction validators being designed to centralize), but also has a taxation and extortion system built-in, then you should probably not be using it.

[Searing]

Oh, and this hoard in question is all profit. Mined and paid off equip to ROI. This is the cream off the top!

Even better if you consider the RogerBucks dividend ! Did you cash out as well ?

Nope. My CPA in the USA said it was likely to be a taxable event if I sold any. She said leave it alone for 1 year and 1 day for
20% capital gains tax, here in the states, (rather than 40% if less time) and she 'assumes' the IRS will just see it as a stock split.

I also 'assume' Jihan  Wu of bitmain , (in that he is only taking BCH for all equip now), is gonna screw the segwit2_2mb vow he took,

and there will be a 3 way split core/segwit2+2mb/bitcoin cash

won't that be fun Thus let if ride, there can only be one! (fork that is) (er suposedly)

[bones261]

..snip Typical R0ach post about PMs and how BTC is the shitiest form of money every conceived.

Let me guess.. What really happened is that you shorted BTC near the all time high and are looking to increase you profit margins by just a little bit more in this dip; hoping someone here decides to take their BTC and buy some PMs. (Win Win situation for you, if that is true.)

[Last of the V8s]

[Karartma1]

snip

snip

snip

Ok, now I get it!
I had a legacy Bittrex account: I could use it for crypto-crypto trades only and my withdrawal limit was huge (more than 500BTC per day). After reading this post I had a feeling they finally implemented the KYC for all and they did it.
My legacy account is considered as new and if I don't fill the Basic verification form I can't do anything else.

Such a bad Sunday news

So I gather you are Batman....and can't get your funds unless you reveal your secret identity ... bummer

Bummer   You made me laugh man. What do you think? I had no funds on bittrex I've always used it responsibly. When I needed to trade I used it otherwise no funds over there! I will probably not verify. I do not trust them having my personal data.
I guess I will have to start a new account somewhere else: it's becoming harder and harder to be Batman in crypto.

[realr0ach]

https://i.imgur.com/geAUVd3.jpg

Your picture seems to have overlooked the fact that "cybermoney" uses the state's infrastructure (internet and other facilities) with non-obfuscated traffic, centralized transaction validators (miners) that the state  can easily take over or attack, and centralized exchanges.  There is also the fact that blockchains don't scale to be anything more than a settlement network which is not used for daily commerce by citizens (a centralized one at that, no different than things like SWIFT that already exist).

There is also the fact that it requires orders of magnitude fewer resources to wage a police state on the digital world than the physical one, so no matter what angle you look at this from, if anyone was trying to defeat the state, they would not be doing anything digital or craptocurrency related.  Using anything digital is falling right into their hands - a domain they can actually afford to run a police state in.  The real future of freedom and wealth is located in the physical world with physical commodity based money (silver and gold) - a domain where you can just ignore anything the state says because they can't afford to run a police state over every km^2 of earth.

[Last of the V8s]

... you can just ignore anything the state says because they can't afford to run a police state over every km^2 of earth.

agreed

[Last of the V8s]

https://medium.com/@philipn/want-to-see-something-crazy-open-this-link-on-your-phone-with-wifi-turned-off-9e0adb00d024
oh that's cool. anyone, not just the cops, can find you if they know your number. such freedom of info

[lightfoot]

Nope. My CPA in the USA said it was likely to be a taxable event if I sold any. She said leave it alone for 1 year and 1 day for
20% capital gains tax, here in the states, (rather than 40% if less time) and she 'assumes' the IRS will just see it as a stock split.

Correct. This is also why I ran my business as a LIFO based accounting system: When I need money for parts or power or taxes I sell bitcoins at a rate that is close to what I received, thus minimal short term CG taxes. Since I receive payments in bitcoin I make sure to pay income taxes on the money received at the value of bitcoin at the time the work was agreed to (because the price might change by the time the work is completed and I receive payment, but I consider that to be float, not increased revenue. Need to check with a CPA or the IRS on that, but I do the best I can do).

Thus the stuff I made over the years is free and clear of anything but capital gains taxes, which would be paid if I sold deep enough into my account.

And since I have never purchased a bitpenny, if bitcoin went tits up I would really not lose anything in the real world other than the value of my labor.

A really interesting side-effect happens when I buy other services for bitcoin, tax analysis on that is a bitch on wheels. Have to convert to cash virtually on the ledger, then convert back to goods and services. Sucks.

[bones261]

Your picture seems to have overlooked the fact that "cybermoney" uses the state's infrastructure (internet and other facilities) with non-obfuscated traffic, centralized transaction validators (miners) that the state  can easily take over or attack, and centralized exchanges.  There is also the fact that blockchains don't scale to be anything more than a settlement network which is not used for daily commerce by citizens (a centralized one at that, no different than things like SWIFT that already exist).

There is also the fact that it requires orders of magnitude fewer resources to wage a police state on the digital world than the physical one, so no matter what angle you look at this from, if anyone was trying to defeat the state, they would not be doing anything digital or craptocurrency related.  Using anything digital is falling right into their hands - a domain they can actually afford to run a police state in.  The real future of freedom and wealth is located in the physical world with physical commodity based money (silver and gold) - a domain where you can just ignore anything the state says because they can't afford to run a police state over every km^2 of earth.

Wouldn't that include posting on this forum? After all, everything posted here is archived, and can eventually be tracked to the source with some effort. Best hole up in a retreat in Montana and fall completely off the grid. (or perhaps make your own floating country in the middle of the Ocean.)