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

[gembitz]

The feeling of doom being right around the corner........

cheep corns my friend :-D >>sub $5000 real money buys in?

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[Ivor Biggun]

Bob's not worried about penalties. He's putting off paying until next quarter, and paying the penalty. He's hoping bitcoin going back up in price will offset that penalty.

I'm actually considering making at least a 25% payment for the Q1FY18 activity, instead of a 100% payment in Q2FY18.

Do you have to make that payment in fiat before the end of the tax year (in less than 10 days)?

[gembitz]

Bob's not worried about penalties. He's putting off paying until next quarter, and paying the penalty. He's hoping bitcoin going back up in price will offset that penalty.

I'm actually considering making at least a 25% payment for the Q1FY18 activity, instead of a 100% payment in Q2FY18.

Still expecting sticker shock from my accountant on what our April 15th FY17 obligations are, but rough mental numbers tell me I have enough cash liquid - in accounts I wouldn't feel bad touching - to deal with at least a 25% payment on my Q1FY18 activities, on top of whatever we're likely to owe for FY17.

Out buttholes have been pretty darned puckered lately, in anticipation of the tax bill.

Less than 10 days to deadline.

Sheeit.

i wonder >_> can you "airdrop" coins for a write off? :-D weeee

[Ivor Biggun]

Do you have to make that payment in fiat before the end of the tax year (in less than 10 days)?

Yep. Q1 current year payments due same date as prior FY payment.

That might partially explain the dump.

[Rosewater Foundation]

Can we stop pretending three months of crash is somehow tied to tax deadlines?

It would be great.

[bitserve]

Can we stop pretending three months of crash is somehow tied to tax deadlines?

It would be great.

We are all gonna die. Really.

[bitmover]

People are doing transactions using lightning network with this wallet on the bitcoin mainnet.

Eclair Wallet, our ⚡️ Lightning wallet for Android, is now available on Google Play (https://play.google.com/store/apps/details?id=fr.acinq.eclair.wallet.mainnet).

Soon more wallets will be doing this too. This will reflect the price anytime soon.

[infofront]

Can you even buy crypto kitties with Lightning tho?

[RoomBot]

Bob's not worried about penalties. He's putting off paying until next quarter, and paying the penalty. He's hoping bitcoin going back up in price will offset that penalty.

I'm actually considering making at least a 25% payment for the Q1FY18 activity, instead of a 100% payment in Q2FY18.

Still expecting sticker shock from my accountant on what our April 15th FY17 obligations are, but rough mental numbers tell me I have enough cash liquid - in accounts I wouldn't feel bad touching - to deal with at least a 25% payment on my Q1FY18 activities, on top of whatever we're likely to owe for FY17.

Out buttholes have been pretty darned puckered lately, in anticipation of the tax bill.

Less than 10 days to deadline.

Sheeit.

Got my refund.  Bought the dip.

Boom.

FU Capitalism!

[Paashaas]

President Trump has instructed the United States Trade Representative to consider $100 billion of additional tariffs on China.

I like this trading war between China and Uncle Sam, who got the bigger balls and who will bow in the end

[HairyMaclairy]

How do I short both sides?

[Toxic2040]

Can we stop pretending three months of crash is somehow tied to tax deadlines?

It would be great.

+1 WOsMerit

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While this is not directly related to bitcoin or the wall I think it worth reading imho.

This is a well written article..up to a point. A lot of bias is carried throughout the dialogue but I think overall its a decent perspective on globalization.

https://www.theguardian.com/news/2018/apr/05/demise-of-the-nation-state-rana-dasgupta

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Hmmm..bitcoin.

Ehav ot ays..I ma ushc a cotnraairn..vereythngi sesme ot eb oggni ewll..tey I acn nto shaek tihs fienlge I avhe eben vhinag. Tis ton a ogdo eflinge ni esac ouyr rae nowdnrgie.

Lla thsi takl of coolrde ncoi adn xeahcnesg obglncki nitlces htwi uot irpro tnioec...tsju elaves a eriretbl fateatrste ni ym uothm. I acn mmberere owh ynrag I asw hwen iths sfrit asw oesrisuly dscuissde. I asw isedsp..adn at het mite httough..ko..ihts is a htign..but we will rifuge uto soliutons thta aer fari. 5 yarse tealr...  Taht si chus a nglo
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Anyway...I need to vacate..need to clear my thoughts. Time for a weekend sail I do believe.

This chart is absolute shit.. Complete personal bias on how I think the market is behaving. That being said..I do think you will be able to spot structures that have similar resonances to what I have indicated.

Take care at the Wall and be safe out there. #dyor

[realr0ach]

President Trump has instructed the United States Trade Representative to consider $100 billion of additional tariffs on China.

I like this trading war between China and Uncle Sam, who got the bigger balls and who will bow in the end

The real monetary unit of the trade war that most people aren't paying attention to (old chart - numbers are much higher now).  It's a stealth confiscation before revaluation.  Bankers/govt rig paper market while buying all the physical:

[fabiorem]

Can we stop pretending three months of crash is somehow tied to tax deadlines?

It would be great.

Remember the chinese new year? Everybody saying it would stabilize after that...

[infofront]

President Trump has instructed the United States Trade Representative to consider $100 billion of additional tariffs on China.

I like this trading war between China and Uncle Sam, who got the bigger balls and who will bow in the end

Considering the enormous trade deficit the US has with China ($375 Billion), China has a lot more to lose from a trade war. But will they be able to surrender and still save face?

[Rosewater Foundation]

Can we stop pretending three months of crash is somehow tied to tax deadlines?

It would be great.

Remember the chinese new year? Everybody saying it would stabilize after that...

I have to admit, when Bob starts talking bollocks it makes me very nervous.

[Searing]

Can we stop pretending three months of crash is somehow tied to tax deadlines?

It would be great.

We are all gonna die. Really.

That is 'oddly' comforting.....no matter what happens to crypto boom bust to tulips or whatever


'We are all gonna die. Really'

Puts all this boom or bust crypto 'angst' in perspective...

(sh*t....I got to get out of this chair and typing on bitcointalk and start running regularly, to postpone that outcome asap....)

[Rosewater Foundation]

[Searing]

President Trump has instructed the United States Trade Representative to consider $100 billion of additional tariffs on China.

I like this trading war between China and Uncle Sam, who got the bigger balls and who will bow in the end

Considering the enormous trade deficit the US has with China ($375 Billion), China has a lot more to lose from a trade war. But will they be able to surrender and still save face?

China is NOT a capitalist country...thus they will ride this down MUCH farther than we can, IMHO, we have lots of 'fat cat' capitalists that will force our gov't to buckle first...

In China....capitalism is used to unite the communist vision of how the world should work ..it is a tool..in the western world..capitalism is the vision...trade is the tool...

(anyway, in my feeble mind...the totalitarian regime, is more worried about power than $$$..thus they will last this out longer...again just in my view..not that I know squat)

[realr0ach]

Considering the enormous trade deficit the US has with China ($375 Billion), China has a lot more to lose from a trade war. But will they be able to surrender and still save face?

The main thing at stake for China is social unrest.  In the entire world, there is no other nation with as much excess production capacity as China.  The world will simply not function on a long timeline with everything being made there.  It's peak globalization so to speak, with no place to go but downwards.  So when they are forced to scale back production capacity, it will be large scale unemployment for a lot of sectors, which then leads to some social chaos and people trying to overthrow the establishment.  This is probably why Xi just made himself dictator.  They foresee shit hitting the fan very soon.