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

[NiceSoft12]

Bitcoin hasn't seen a good dump in ages. Look at these bigshot investor types with their sneaky partitioned 2000 coin buys and 100 coin walls. What do they think they're doing. They really think they can continue to hold up bitcoin like this. They think they have the float locked and everything is about these 20,000 coins on the exchanges. Just wait till the whales and the early adopters come with the sheer force of 100,000 or 2,000,000 coins hitting the market. They wont know what hit them.

It used to be that 900 individuals owned like half of all bitcoin in circulation....

What do you suppose that distribution is now?

[TERA2]

Dear lord, the flippening with ripple? The rippling?

What do you suppose that distribution is now?

Not much different #OccupyBitcoin

[NiceSoft12]

You see a lot more of these Newsweek, Forbes, etc, big news station columnists writing bulltard stories of Bitcoin nowadays. Than you take a look at who the columnist is and it always turns out to be crypto enthusiasts that probably post on this forum, and invested themselves already.

These articles were actually a lot more genuine in the past, when the columnists brought up legit questions or simply admitted they didn't understand.

[svdleer]

Godddamn bots are awake again, down 500 again
Same story as for the last 48 hours, see :

https://www.youtube.com/watch?v=30FKrP6BrnI&feature=youtu.be

[mymenace]

You rent the box and it can't be opened without a court order.

OK... so you trust your banks and government and legal system, in a vastly socialist state.   My condolences.  

Socialist?

Sweden has always been a capitalist democratic country with due process and all that.

I will allow you to be a step above Norway, maybe above Denmark.  Not difficult, as some of the most socialist western countries.

Is your schooling, healthcare, wellfare, transport government controlled?  Do you pay taxes (all right, I know you pay among the highest in the world)  Welcome to socialism, my friend.

Actually no, they are all controlled by local councils  or run privately.

I think you Americans use the word socialist differently then we do.
We use it in it's original meaning (No democracy, everything owned by the state, private ownership not allowed, dictatorship, and so on).
While you seem to glue that word on any high tax democracy with a welfare system..

Isn't that comunism?

Yup, that's communism. Communism is a system of government. One party controlling the whole country.

Socialism is about economic policy. Think of it as the opposite of capitalism. Socialism want's equal distribution of wealth among all, capitalism welcomes free enterprise and competition.

Traditionally in the 20th century all communist countries were also socialist. But just look at China. It's a perfect example of a communist capitalist country.

Nope, that's wrong, but I'm too tired to argue, let's continue on Sunday.

I welcome the opportunity to be schooled on a system of government and economic policies I was born into by someone who wasn't. Should make for a lively debate

It's you who are trying to school me on the system I was born into. You are the ones calling a capitalist democracy a socialist country.
But now I really have to go to bed.

none of them work

try a direct democracy

that will throw a spanner in the works, last thing any of these so called controlled governments want.

Direct democracy or pure democracy is a form of democracy in which people decide on policy initiatives directly.
and decentralize it all

[NiceSoft12]

Dear lord, the flippening with ripple? The rippling?

What do you suppose that distribution is now?

Not much different #OccupyBitcoin

I don't know if I agree with that. I'd like to think that a lot of the mega whales have at least cashed out on 20% of their holdings....

[Lopumbo]

why don't you all just accept our fate that a fully decentralized crypto-currency is not possible
so, we'll somehow end where we started...

buy ripple  

[alani123]

People keep talking about manipulation in USD markets but take a look at GDAX BTC/EUR. Who put up this sell wall and why?



It's a 500k EUR sell wall all of a sudden, god dammit. No other market has such a big bump of resistance in its depth chart.

[Globb0]

snip

Buying and selling dash is not a taxable event for you? How is that?

Well I understood you pay captial gains when there is a fiat gain in value at the time when you dispose it, ie sell it for fiat. I'm in the UK. I hope I got that right. If I have to proof every single trade between Dash and Bitcoin or whatever other crypto I don't know how on earth I could even start to do that   Some exchanges I have used no longer even exist.

I sympathise, in UK too. 

Since HMRC advice is so sketchy (it goes back to a vague 2014 reference effectively saying 'we will treat it all on a case-by-case basis') we are in the dark.

I only cash out in BTC and only (originally) went in via BTC so, I am asking my accountant to simply list all fiat 'in' events and fiat 'out' events and hoping it will be just CGT.  But be aware they can see it as 'badge of trade' and charge as though it was income if they think you're a trader.

I am hoping if I cough up CGT and list only Bitcoin bought and sold and just pay up, they will accept it.

If not, I will find others here in the same position and suggest we club together to get a QC to fight HMRC - as paying 45% income tax will be too much to let pass.

I know you and I have different 'cryptos of choice' but we may end up in the same expensive boat, under the same threat of a massive tax bill.

Odds on they will just take the CGT, but if not...  Let's consider a fight - I think we can probably both afford to chip in for a legal case with others, which they won't have the staff or competence to want to bother with.

Sometimes Dashheads and Moneroans can perhaps find common cause ;-)

I was reading about an ultrapreneur tax that is flat 10%, you may need to pass a few ticks and go through some hoops in the year before to meet the conditions.

[Last of the V8s]

[TERA2]

People keep talking about manipulation in USD markets but take a look at GDAX BTC/EUR. Who put up this sell wall and why?



It's a 500k EUR sell wall all of a sudden, god dammit. No other market has such a big bump of resistance in its depth chart.

That's absolutely nothing. You are calling 30 coins a wall. 30,000 coins is a wall

In other news there was a 700 coin buy order that just got filled in a single dump

[NiceSoft12]

^ Lol I was confused by the post as well.

500,000 euros is nothing.

A 1,000 coin market sale just now on BFX, even that is small which is over 10m

[Wekkel]

Someone wanting to pay for his expensive Christmas, that’s all.

[NiceSoft12]

Someone wanting to pay for his expensive Christmas, that’s all.

Lol of Bitfinex $? i wonder how long its going to take him to cash that out lol.

[Rosewater Foundation]

They had a good run..

[TERA2]

I've always wanted to dump on the pumper with the big order. I've finally been able to do it in a couple altcoins.

[Rosewater Foundation]

Breaking: National suicide hotline staff doubled.

If I didn't know any better I'd swear someone ate their own wall at 15000.

But why?

[mymenace]

Breaking: National suicide hotline staff doubled.

If I didn't know any better I'd swear someone ate their own wall at 15000.

But why?

they all selling into ripple, thats all this is

[TERA2]

I think he means why is someone buying their own wall.

[flynn]

I think he means why is someone buying their own wall.

Some people are known to be willing to eat their own d*ck ... some sort of Narcissism