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

[Anon136]

Blockchain does suck. The only real use is to avoid any kind of trust in a centralized authority. In the real world a better world than the one we actually live in there are much better databases.

[Icygreen]

Even if parts of bitcoin were centralized, we'd still achieve trust and a degree of transparency which is light-years ahead of a legacy government controlled debt-slavery coin.  

[DaRude]

Even if parts of bitcoin were centralized, we'd still achieve trust and a degree of transparency which is light-years ahead of a legacy government controlled debt-slavery coin.  

Of course it's not 100% pure decentralization (whatever that would mean  ) But currently bitcoin is the closest we can come to it

[pfrtlpfmpf]

Whats this?

Calm down, i don´t know half the time, what they are talking about, I think, they are Americans.  

My condolences !

[jojo69]

this last pump and dump was not very impressive

you think they broke even?

[RoomBot]

..I'm all for just simply merging with AI as this will make the AI threat irrelevant by "upgrading" humans.

If you had to choose between being "upgraded" into a cyberman or a dalek which you rather be?

That's a trick question!

For me.

[RoomBot]

dalek, hands down

exterminate some bitches

Cyberman for me.

I'm seeing double, LMAO

[JayJuanGee]

Actually, I started going to the gym a bit more recently, and I started to think that if ever I was homeless, a gym membership would be a good thing to attempt to maintain.

Bitcoiners taking over a gym near you!

How dare you doxx me like that?   

[BTCMILLIONAIRE]

I love this thread.

obligatorycatlovesthread.png

[JayJuanGee]

Don't really care about that 2014 comparison.  Seen it on trading view and think it's crap.  Seriously, they are comparing over a year of price to just 3 months.  Sure you can compress/extend time frames to see about anything you want to see.   + Drkenergy has been wrong about 90% of the time.  Maybe most viewed but damn, if you traded on his advice you would be broke about now.

Another aspect that seems faulty of the 2014 / 2018 comparison is that it took nearly two years for bitcoin to run its bull market by late 2017..

the lead up to late 2013 had played out differently and seemingly spiking up faster in two periods in 2013.

[realr0ach]

Even if parts of bitcoin were centralized, we'd still achieve trust and a degree of transparency which is light-years ahead of a legacy government controlled debt-slavery coin.  

Bullshit non-argument by claiming fiat is the only alternative.  Bitcoin does not solve A SINGLE PROBLEM that physical silver and gold does not already solve better.  Bitcoin is designed to centralize so it has zero fundamentals and no value since that's what it's entire value prospect is supposed to be based on.  

Non-fungible currencies are also complete garbage.  It's just a govt tracking system that abolishes the 5th amendment and places a govt spy there watching everything you do.  You would have to be a complete idiot to want this to be the world reserve currency over physical metals.  Metals are pro-freedom.  Shitcoins are anti-freedom, permissioned ledgers and surveillance systems.  

The current thread maintainer here even had coins blacklisted from exchanges himself and we've only just scratched the surface of shitcoin's Orwellian start.  We're only 1% of the way into the tyranny of shitcoins.  It only goes up by orders of magnitude from here in terms of being a 1984 permissioned ledger.  Centralized currencies have no value.  Non-fungible currencies have no value.  They are strictly systems of control.

[TERA2]

Bitcoin does not solve A SINGLE PROBLEM that physical silver and gold does not already solve better.

Nope. Here's a problem Bitcoin solves that silver doesnt. I want to hold something that isnt a physical object and that I dont have to have physically guarded. The silver can be be lost or stolen by force or by natural disaster, etc. Its also heavy and impossible to conceal when travelling by airplane.

[Jacques_Bittard]

Sold 70% of my stash for a probable upcoming profit taking dump. Would be interesting to see this upwards movement get tested by some proper selling volume, would be easier to trust it then.

[Elwar]

Bitcoin does not solve A SINGLE PROBLEM that physical silver and gold does not already solve better.

Nope. Here's a problem Bitcoin solves that silver doesnt. I want to hold something that isnt a physical object and that I dont have to have physically guarded. The silver can be be lost or stolen by force or by natural disaster, etc. Its also heavy and impossible to conceal when travelling by airplane.

Was going to say not to quote the troll but another problem gold and silver has is my situation as a digital nomad traveling the world. How do I pack up all of my belongings and relocate to my next country (as I tend to do) with all of my gold in my suitcase?

The amount of bitcoins I have I can protect with some steel plates and information in my head. I can carry them through even countries like Thailand, Cambodia, Vietnam without worrying about them getting stolen or having security confiscate it at the airport. To carry the amount of gold or silver equivalent to how much I have in bitcoins...well, actually I literally could not carry it.

I have no idea how I would pay my hosting service every month with gold. Or buy my plane tickets, book my hotel rooms, buy stuff on Amazon, etc.

I haven't needed to open a bank account here in Tahiti thanks to Bitcoin...I don't need to go to the rip off exchanges in the countries I visit. The rate charged at the local exchange from USD to CPF is literally 20%.

[BTCMILLIONAIRE]

Bitcoin does not solve A SINGLE PROBLEM that physical silver and gold does not already solve better.

Nope. Here's a problem Bitcoin solves that silver doesnt. I want to hold something that isnt a physical object and that I dont have to have physically guarded. The silver can be be lost or stolen by force or by natural disaster, etc. Its also heavy and impossible to conceal when travelling by airplane.

Silver isn't a limited resource either. Nor is it practicable to carry around enough of it to buy a house, or even a car. Heck, I wouldn't even want to pay a new TV in 10 kilograms worth of silver.

[BTCMILLIONAIRE]

Bitcoin does not solve A SINGLE PROBLEM that physical silver and gold does not already solve better.

Nope. Here's a problem Bitcoin solves that silver doesnt. I want to hold something that isnt a physical object and that I dont have to have physically guarded. The silver can be be lost or stolen by force or by natural disaster, etc. Its also heavy and impossible to conceal when travelling by airplane.

Was going to say not to quote the troll but another problem gold and silver has is my situation as a digital nomad traveling the world. How do I pack up all of my belongings and relocate to my next country (as I tend to do) with all of my gold in my suitcase?

The amount of bitcoins I have I can protect with some steel plates and information in my head. I can carry them through even countries like Thailand, Cambodia, Vietnam without worrying about them getting stolen or having security confiscate it at the airport. To carry the amount of gold or silver equivalent to how much I have in bitcoins...well, actually I literally could not carry it.

I have no idea how I would pay my hosting service every month with gold. Or buy my plane tickets, book my hotel rooms, buy stuff on Amazon, etc.

I haven't needed to open a bank account here in Tahiti thanks to Bitcoin...I don't need to go to the rip off exchanges in the countries I visit. The rate charged at the local exchange from USD to CPF is literally 20%.

Is it possible to own property in some of the Western/Asian countries as a digital nomad? E.g. could I own two or three homes and just rotate them (without being liable for taxes)?

[HairyMaclairy]

I am pretty sure you can game the tax systems by “earning” all your income while offshore or in a tax free jurisdiction  and not staying in any particular Western country for more than 179 days [does not work for US citizens]

So fly to Dubai to cash out your BTC and then go skiing for a couple of months, rinse repeat. 

[Elwar]

I am pretty sure you can game the tax systems by “earning” all your income while offshore or in a tax free jurisdiction  and not staying in any particular Western country for more than 179 days [does not work for US citizens]

So fly to Dubai to cash out your BTC and then go skiing for a couple of months, rinse repeat. 

You can take the foreign earned income exclusion which is about $102k if you are outside of the US for 330 days out of the year.

The thing is, that's different from capital gains tax...no exclusion there.

I have tried every avenue to turn my bitcoin capital into income. My original idea was to give/loan/etc. my bitcoins to a foreign company in Turks & Caicos (allows for a single owner of a company, 0% capital gains and income taxes).

But there is a law in the US where if you have over 10% ownership in a company and they sell any capital, you have to pay taxes on it as if you yourself sold that capital.

I considered a Charitable Remainder Trust that allows you to put your money into a trust with a certain amount going to a charity upon your death with the rest held by the trust and you can earn income from that. But with that you have to hand over control of all of that money to another entity to invest with no input from you. Part of your investment would be held for the charitable contribution.

Instead I am just hodling until the US collapses. I can cash out (spend) about $37k of my bitcoins each year and pay no taxes. I am a minimalist so that is plenty for me.

[HairyMaclairy]

Sure.

The US has a problem in that it’s citizens still have to pay tax on their global income even if they are not US tax residents.  This is a uniquely US problem afaik.  

Giving up US citizenship for something like NZ citizenship is one obvious route.  You can buy NZ citizenship through an investment scheme. 

https://www.newzealandnow.govt.nz/investing-in-nz/visas/investor-visa

[Elwar]

Sure.

The US has a problem in that it’s citizens still have to pay tax on their global income even if they are not US tax residents.  This is a uniquely US problem afaik.  

Giving up US citizenship for something like NZ citizenship is one obvious route.  You can buy NZ citizenship through an investment scheme. 

https://www.newzealandnow.govt.nz/investing-in-nz/visas/investor-visa

Giving up your US citizenship comes with an exit fee plus you have to pay taxes on all of your assets as if you sold them right then (even without selling it).