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

[jbreher]

I'm hauling a rebuilt 1962  Leslie cab

Very cool. I own both a 122 and a 147. You've heard these very cabs before. No shit. Longer story than appropriate here.

[nanobtc]

Mine is a FrankenLeslie, originally a single-speed I converted to 2-speed, no other quite like it.  Agreed on the stories.

Enough music variance, how bout them walls?



Not sure if pics are working, but here's foam-mounted condensers (with internal phantom power), stereo horns! All new bearings/belts  and rubber grommets, motors overhauled.

[Phil_S]

On the other hand, it might be worth putting an encrypted private key into at least one safe safe.

Most of my BTC is on hardware wallets and a smaller part on exchanges for trading purposes (probably only around 10% currently) so I feel comfortable with my storing strategy. But I wouldn't mind "diversifying" a small percentual part of my storing into an online third party *IF* it was fully insured... and no custody fee. That's what I meant.

I know, but you won't get a fully insured storage without paying an insurance fee in one form or another. If you pay it directly you know what you're getting into... with a proper contract. If you're getting the storage "free" you're paying it behind the scenes, potentially through the bank or exchange trading your Bitcorns. And at that point the counterparty risk increases dramatically. And I think we all know that banks don't keep sufficient backups and whine for bailouts when they fuck up.

And if they'll receive government's bailouts, that will be in USD, not BTC, obviously.

[bitserve]

This sounds like it could be BIG: https://www.coindesk.com/germany-considers-crypto-legal-equivalent-to-fiat-for-tax-purposes/

But I am not sure of the exact meaning. Do they mean the "conversion" will be VAT exempt (as it is obvious it already is) or does it also means than when using BTC for buying services/goods no capital gains will be needed to be reported/paid? If so, up to which amount? Cofee? Huge TV? Lambo?

Anyone fluent in german that can understand the source document and post a more specific conclusion?

[hv_]

Here you go and see Bitcoin Cash is embraced

https://www.bankfrick.li/en/about-bank-frick/news/bank-frick-allows-direct-investments-in-leading-cryptocurrencies

[TERA2]

Candlestick patterns dont really mean anything in bitcoin. Candlestick patterns are useful in forex when you dont have a volume indicator to work with

[Rsiyz]

Candlestick patterns dont really mean anything in bitcoin. Candlestick patterns are useful in forex when you dont have a volume indicator to work with

¨

yes there is amazing discusion about what candles really is or mean .. on reddit i think..?

[Toxic2040]

it can be hard over the drums

Huh? 

My dad said the first time he saw Led Zeppelin, he could not believe how loud John Bonham was..playing unmiked at the old Fillmore East.
I have these(my dads old set) in the music room still and jump on them from time to time to let it all hang out. No clicky click here.

[flynn]

Can you feel it?

Are you guys ready?

I have a PhD in procrastination. I don't even know what I'm supposed to be ready for. What did I miss?

Ask this question again tomorrow next week.

[BTCMILLIONAIRE]

This sounds like it could be BIG: https://www.coindesk.com/germany-considers-crypto-legal-equivalent-to-fiat-for-tax-purposes/

But I am not sure of the exact meaning. Do they mean the "conversion" will be VAT exempt (as it is obvious it already is) or does it also means than when using BTC for buying services/goods no capital gains will be needed to be reported/paid? If so, up to which amount? Cofee? Huge TV? Lambo?

Anyone fluent in german that can understand the source document and post a more specific conclusion?

Basically states that for strictly payment purposes there's no VAT to be paid.

For mining purposes there's no tax because there's no "taxable event", as the block rewards and transaction fees are not a paid service (probably because the fees are variable and random) and the mining (which is defined as the solving of mathematical algorithms) is a voluntary action by the miner.

If a wallet provider charges fees they are subject to taxes in the event that the fees are charged within Germany.


Basically states that cryptocurrencies are equivalent to legal tender as long as they are strictly used as a means of payment. Not included in this are "game currencies".

Doesn't say anything about capital gains taxes, so I assume they're the same as before (that is whatever the tax rate is for short term holds, and tax free for long term holds of 12 months or longer).


If electricity prices in Europe were more reasonable that would pretty much invite mining operations into Germany... I kind of doubt that 10 times more expensive electricity would make up for virtual tax exemption.

[BTCMILLIONAIRE]

Can you feel it?

Are you guys ready?

I have a PhD in procrastination. I don't even know what I'm supposed to be ready for. What did I miss?

Ask this question again tomorrow next week.

The month just started though....

[flynn]

Can you feel it?

Are you guys ready?

I have a PhD in procrastination. I don't even know what I'm supposed to be ready for. What did I miss?

Ask this question again tomorrow next week.

The month just started though....

Silly me. Of course, ask again next month then. You are the PhD in procrastination, I am still trying to pass 101 ...

[HairyMaclairy]

Badger is a pussy.  Shorts still weighing on the market.

[ghandi]

Come on Bitcoin, break the downtrend! You can do it!

[svdleer]

So who is buying 1500 BTC needed to cross 11K ?

Thank you.

[HairyMaclairy]

Another break out.  I’m not convinced - am calling bull trap. 

[JayJuanGee]

Another break out.  I’m not convinced - am calling bull trap. 

https://preview.ibb.co/h3K7kx/C182_D1_DF_31_E2_401_A_821_C_B2423_F4_ABCB7.png[/img]

Party poop!

[HairyMaclairy]

I suppose if we keep constantly violating the trend line like this eventually  it will cease to have any meaning.

From a Dark Forest perspective, we really are doing better than expected.

[svdleer]

We guess we need a bit more volume.

[marcus_of_augustus]

reinforcements needed ... troops look unconvinced