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

[InvoKing]

Breaking 24777$ prediction game


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Maybe because its This time of the year we make a small game Just to call 24777$ (CET) the one with the day of breaking This price wins .25 BTC
The list Will be Made after This post So When a date is taken iT can't been taken again
When the winning date is exactly in the middle of 2 each Will get .25
Oterwhise closest to the winning date wins

LIST MAKING ENDS 25-12-2017  @ 22.00 cet

SOME HAVE TAKEN A DATE THATS ALLREADY OCCUPIED      -fluidjax
                                                                                       -vito5
                                                                                       -Dotto
                                                                                       -Ibian
                                                                                       -Roombot
                                                                                       -
                                                                                       -
              TAKE DIFFRENT DATE PLEASE , THE DATES YOU GUYS PICKED WERE TAKEN

MANY PAGES BACK I POSTED THAT YOUR MINIMUM ACTIVITY NEEDS TO BE 50+ TO COME ON THE LIST! NO NEW ACCOUNTS GR

March 3rd 2018 please!

February 28, 2018 for me, even if I expect the price rising above $24777 to happen before this

[xhomerx10]

^ I though we were gonna put this in its own thread next time^tm

[JimboToronto]

Fuckedy fuck with fucks on top

Aren't trolls freaking forking hilarious? 

[BlindMayorBitcorn]

Soooo...... anyone bought a boat lately?

confirmed

congrats!

Huh? Oh, yeah. Got two of em. Almost willing to give one away just to get rid of the hassle of having to sell it. Thinking about buying one more too.

Let me guess. "Tirpitz" and "Bismarck"?

That's a zing.

[Arriemoller]

Creation of fiat is neccessary because they amount of goods, services, and people are constantly growing. If there was no new fiat, fiat would be deflationary and then nobody would spend it - only hoard it like bitcoins.

I understand. But thank you.

Not so fast. That's the keynesian version. That is the version of economics thats been in fashion since the end of WW2. It's because of that version of economics that we now have inflationary fiat money. It's supposed to make the money flow and thus increase GDP, and in the end everybody's wealth.

However, that system doesn't seem to work. It makes it impossible to save, and makes it necessary to borrow, witch in the end makes average Joe poorer, and makes the economy crash regularly.

The economic system used before WW2, and the system that cryptocurrencies belong to is called the Austrian school of economics. It basically says that money should not be inflationary, and people should be able to save for a rainy day. A dollar or whatever currency you use should still be wort the same in a 100 years time.
People will still consume, but they will save for their consumtion instead of borrowing for it. Bitcoin is a Austrian type of currency, and one with hyper deflation at that. Something never seen before, and a very interesting economic experiment

The future will probably see two parallel economics at work at the same time, where people will save in crypto, and borrow in fiat. This might either stabilize the economy or crash it. I think it will make it more stable, but only the future can tell.

[jojo69]

droppin' more Satoshis than a clumsy Japanese obstetrician   

[Elwar]

Creation of fiat is neccessary because they amount of goods, services, and people are constantly growing. If there was no new fiat, fiat would be deflationary and then nobody would spend it - only hoard it like bitcoins.

this



Does anyone remember computers? You used to have your money set aside to buy a computer...you go to the store and buy one, then a month later you find out that the same computer money has more value now, the computer you have is worth a lot less and you could have something better...if only you didn't spend that money on the computer and waited.

I guess the ad geniuses didn't think that through when they came up with those gizmos.

[OWZ1337]

Fuckedy fuck with fucks on top

Aren't trolls freaking forking hilarious?  

good morning sir :-D $20K close!!!~next leg coming rite upppp>_> weeeeee

https://i.makeagif.com/media/9-27-2015/ulfbyE.gif

[cAPSLOCK]

Creation of fiat is neccessary because they amount of goods, services, and people are constantly growing. If there was no new fiat, fiat would be deflationary and then nobody would spend it - only hoard it like bitcoins.

this



Does anyone remember computers? You used to have your money set aside to buy a computer...you go to the store and buy one, then a month later you find out that the same computer money has more value now, the computer you have is worth a lot less and you could have something better...if only you didn't spend that money on the computer and waited.

I guess the ad geniuses didn't think that through when they came up with those gizmos.

Yup, and that why so few of them are selling.

[nikauforest]

Yeah, every trade is a taxable event to US persons. Whether that is buying coffee or litecoin. It is property according to the IRS.

Even if you thought you could get away with the like kind exchange rule, you still have to report every trade individually on the exemption form.

If it were classified as a stock, you could just report net gains and losses but not so with property.

They have made compliance nearly impossible so unless someone passes a law to exempt transactions prior to a certain date, a lot of people are going to owe back taxes and penalties if not jail time.

Simple solution: Become an expat.

Not so easy or simple, unfortunately. Have you heard of the Exit Tax? Capital gains are realized for high net worth individuals upon renouncing.

You still owe cap gains if you don't renounce and just expat. Unless you plan on just hiding and never setting foot in US again nor using any international banks cooperating with FinCen rules.

Puerto Rico offers tax free cap gains for residents, but you still owe on any gains realized up to the date you become a resident.

https://www.forbes.com/sites/robertwood/2017/02/27/renounce-u-s-heres-how-irs-computes-exit-tax/#45c8627287d4

No, I actually haven't heard of the exit tax. It does make sense to some degree, or at least it would if taxes were legitimate in the first place. But regardless of whether or not you'd choose to pay what you "owe" before renouncing, it still doesn't sound like anyone who expects any significant profits should be staying in the US any longer than absolutely necessary for whatever individual circumstances.

Agreed. However, I'm suspecting you're not married or have many close family relations in the US? The moment I brought up renouncing to my wife, and that she would need to apply for visas to visit family, friends, etc., well... you can imagine the response. Although she's warming up to it proportionally to crypto value.

Which begs the question, how much is US citizenship worth? A US passport gets you in a lot of places without visas or trouble. Attaining citizenship in another country takes time and often a good deal of (traceable, taxable) fiat. Although being stateless is an option, it's not recommended for long. You have no rights, anywhere.

I think you can buy New Zealand citizenship and that will get you anywhere US citizenship will.  You can go buy mountain in Queenstown with all the hedge fund billionaires.

New Zealand is a very nice place to live. Come on down.
https://www.newzealandnow.govt.nz/investing-in-nz/visas/investor-visa

What's the weather like in NZ?

Depends on where you  live. Wellington is windy and gets a lot of rain, although the city is beautiful. I spent many years working in Wellington and I prefer it over Auckland. Auckland is nice but it has gotten expensive and crowded. Wine country of Hawkes Bay is fantastic.( Napier and Hastings) Great weather, many wineries, great food, fantastic bike riding.

The south island is extremely beautiful. I will be spending some more time there next year. So many great places. I want to go to Lake Tekapo. It is one of our dark sky reserves for seeing the night sky.


 

[d_eddie]

Tom Lee gets it:

Fundstrat's Tom Lee says he's a buyer of the bitcoin pullback, now sees more than 35% gains from here
https://www.cnbc.com/2017/12/22/fundstrats-tom-lee-says-hes-a-buyer-of-the-bitcoin-pullback.html

And hey Tom, I bought that dip too! Nailed it at $11,500.

Hm, I'm a bit envious. I started higher, two increasing chunks on falling prices and then more at 12k. Ready for just a little bit moar around 11k. Any ballpark suggestion for a limit buy order while I'm out for a beer?

[Ibian]

Creation of fiat is neccessary because they amount of goods, services, and people are constantly growing. If there was no new fiat, fiat would be deflationary and then nobody would spend it - only hoard it like bitcoins.

this



Does anyone remember computers? You used to have your money set aside to buy a computer...you go to the store and buy one, then a month later you find out that the same computer money has more value now, the computer you have is worth a lot less and you could have something better...if only you didn't spend that money on the computer and waited.

I guess the ad geniuses didn't think that through when they came up with those gizmos.

That was a wonderful time. Things just kept getting better all the time.

Then one day I saw a pink laptop, and I knew the age of constant rapid improvement was over.

[fluidjax]

Breaking 24777$ prediction game

LIST MAKING ENDS 25-12-2017  @ 22.00 cet

SOME HAVE TAKEN A DATE THATS ALLREADY OCCUPIED      -fluidjax
                                                                                       -vito5
                                                                                       -Dotto
                                                                                       -Ibian
                                                                                       -Roombot
                                                                                       -
                                                                                       -
              TAKE DIFFRENT DATE PLEASE , THE DATES YOU GUYS PICKED WERE TAKEN

MANY PAGES BACK I POSTED THAT YOUR MINIMUM ACTIVITY NEEDS TO BE 50+ TO COME ON THE LIST! NO NEW ACCOUNTS GR

can I take

04/04/2018 Fluidjax

thanks

[JayJuanGee]

it seems that I am making way more money with $850 to $1,000 increments than I was making with smaller increments,

I would suggest that your touchy-feely analysis is just plain wrong.

you seem to be pointing out that you have been taking some breaks from trading

Yes. The 'breaks' are motivated not by time matters, but rather that in a bull market any such trading will tend to make you fiat-rich and crypto-poor. Accordingly, I trade only when I want fiat. Of course, this last two weeks being a rather large episode, I need to plan a way to gracefully wind it down.

when my increments are larger, I seem to end up leaving less money on the table when the price out runs me

You've not seen much of my sell side. Price does not outrun me.

O.k.   Fair enough with your touchy feely response. 

I do understand that taking a break could pay off, when the price seems rather bullish, but certainly it seems that if you are taking a break you are going from one extreme to another, and perhaps we are using the different words to describe a similar strategy, because to you taking a break may be that you spread your sell orders out to $1k or something like that and you do no set any of your buy orders until you are clear that there is an actual dip... which may almost result in a very similar outcome as mine.   

[jojo69]

Anybody else feel like you are the only human on an exchange full of bots?

It's like they know I'm the only one the way they snuggle right up next to my order and then go roaring back off the direction they came.

[gentlemand]

Anybody else feel like you are the only human on an exchange full of bots?

It's like they know I'm the only one the way they snuggle right up next to my order and then go roaring back off the direction they came.

It's time to launch the Chaturbate of exchanges so you can see all the trader faces on livestreams. It would be like a poker game with the occasional tossing of cookies.

[HairyMaclairy]

That would bring new meaning to the term “order spoofing”

[txtravwill]

Seems Asia is waking up and Bitfinnex is rising, both justifying and catching up with US GDAX and Gemini exchanges.  They had a $1K variance for a while.  Pushing them up also though.  16k seems like a sure thing now...

[FractalUniverse]

Anybody else feel like you are the only human on an exchange full of bots?

It's like they know I'm the only one the way they snuggle right up next to my order and then go roaring back off the direction they came.

lol yes. its happening to me time to time,but its not the rule. sometimes price turns before my order, but sometimes it triggers it and turns after that, or continues in its original direction.
my orders are small though. im far far away from being a whale

[realr0ach]

God, I'm so sick of people who are supposed to be intelligent just lying their asses off and making up nonsense to try and hide the fact it's not possible to create a decentralized digital currency.  Take this picture for instance. If what miners do don't matter at all, then what the fuck are miners being paid for? LOL.  He's basically saying mining is for distribution only while a shadowy group of authoritarian technocrats are supposed to run the system behind the scenes.  Even if you believe that, mining is completely centralized by like...one guy...so that's also completely pointless.



Stop lying you fucktards.  It's not possible to create a decentralized digital currency.  You're just making up lies and bullshit to pretend this is not the case.  The closest thing to a decentralized currency on this planet are the noble metals like physical gold, silver, and copper.  If someone corners the market on one, people just start using one of the others.  Bitcoin is not decentralized.  Never has been, never will be.  The only good and righteous option from here is to just admit to people this is all bullshit so the goyim can dump their valueless, imaginary tokens as fast as possible for physical silver or gold and LEAVE GOLDMAN SACHS HOLDING THE BAG.