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

[oda.krell]

Hey guys 'n gals.

Did I miss anything important? What's the big topic of the month?

[1714061644]

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[Ibian]

Polish Bitcoiners protesting against the 1000% tax plan from their goverment on Bitcoin.

1000%...

You know, if there was just a flat 20% tax on bitcoin gains when converting them to fiat, I could live with that. Let them have their blood money. But I suspect it will be closer to 50% around these parts

[Torque]

• it can only support a deflationary monetary system, no inflationary ones and so is useless as a trading currency
 • it has no native fungibility maintenance
 • governance is by contention only, which has already lead to forks in the community as well as the chain itself
 • it's one of the most centralised assets in the financial universe with 98% of the supply being held by less than 0.1% of the world population
 • it's slow at confirmation (a good thing IMO, but if you're trying to top up your credit card when the shop's closing in 10 minutes, forget it)
 • the Lightning network will not fix this as it only works for off-chain transactions plus...this

I'd better stop there for now cos my "koolaid" tank seems to keep topping itself up and I might get a bit sick

Your criticisms are all the strengths of the current fiat digital monetary system. Enjoy, you have it today.

[toknormal]

• it can only support a deflationary monetary system, no inflationary ones and so is useless as a trading currency
 • it has no native fungibility maintenance
 • governance is by contention only, which has already lead to forks in the community as well as the chain itself
 • it's one of the most centralised assets in the financial universe with 98% of the supply being held by less than 0.1% of the world population
 • it's slow at confirmation (a good thing IMO, but if you're trying to top up your credit card when the shop's closing in 10 minutes, forget it)
 • the Lightning network will not fix this as it only works for off-chain transactions plus...this

I'd better stop there for now cos my "koolaid" tank seems to keep topping itself up and I might get a bit sick

Your criticisms are all the strengths of the current fiat digital monetary system. Enjoy, you have it today.

Which is why bitcoin is not about to replace it. There are many "alts" already doing so instead.

Bitcoin may replace the gold sitting idly in vaults.

[JimboToronto]

Good morning Bitcoinland.

Still sideways with a slight upward drift... currently $8510USD/$10822CAD (Bitcoinaverage).

I'm up a little early today but I've got to deposit some cash into my "credit" card to send to Mexico.

I'm buying another property there. Luckily I won't need to sell any bitcoins. I can do it from the cash I'd set aside for the next buyable dip.

Land is cheap in Mexico. Life is good.

Go Bitcoin go.

[Toxic2040]

Hey guys 'n gals.

Did I miss anything important? What's the big topic of the month?

Rationality...

Other than that the usual. Wb.  

[Torque]

Polish Bitcoiners protesting against the 1000% tax plan from their goverment on Bitcoin.

1000%...

Translation:
We don't recognize Bitcoin as a currency. Or a legitimate asset. We didn't create it. It's fucking digital tulips and has no value. We didn't even say you were allowed have it or own it. But since we can't stop you from buying it, we will tax it 1000%. We have zero right to do this, but we're going to do it anyway.

Fuck. All. Governments.

[Gab0]

Good morning Bitcoinland.

Still sideways with a slight upward drift... currently $8510USD/$10822CAD (Bitcoinaverage).

I'm up a little early today but I've got to deposit some cash into my "credit" card to send to Mexico.

I'm buying another property there. Luckily I won't need to sell any bitcoins. I can do it from the cash I'd set aside for the next buyable dip.

Land is cheap in Mexico. Life is good.

Go Bitcoin go.

Hello Jimbo
I have read about your journey through Mayan lands, and I am glad that life is treating you well.
When you say that the earth is cheap ... How cheap is it?

Thanks in advance.

[Last of the V8s]

In other news who's gone short on 4/20 day?? bad move, expect the pump on 4/20.

I'm going real long on 4/20 day, if you catch my meaning, friend.

Also, although bitcoin is ... technologically crippled and so alts are here to stay

Yeah, well, you know, that's just, like, your opinion, man.

Oh hey Bob. before you sink completely into oblivion, here's a video of a little bug nipping about the track
https://www.youtube.com/watch?v=65jW-FVAd2o
6:56.4 minutes – Onboard video of the new 911 GT3 RS at the Nürburgring-Nordschleife

[KyleSpades]

https://www.youtube.com/watch?v=65jW-FVAd2o

On an almost completely unrelated sidenote, that velocimeter brought me a sizeable amount of joy. Whichever use of the metric system versus the imperial system is a point of good winning the battle against evil.

[KyleSpades]

Anyone willing to bet?

[Karartma1]

Polish Bitcoiners protesting against the 1000% tax plan from their goverment on Bitcoin.

1000%...

Translation:
We don't recognize Bitcoin as a currency. Or a legitimate asset. We didn't create it. It's fucking digital tulips and has no value. We didn't even say you were allowed have it or own it. But since we can't stop you from buying it, we will tax it 1000%. We have zero right to do this, but we're going to do it anyway.

Fuck. All. Governments.

Again and again and again. We are at war! Holding bitcoin today is going to be recognized as a revolutionary act tomorrow. Whatever will be I hope to stand still until we eventually win.
This is our last freedom chance

[Rosewater Foundation]

Comedy share. I'm a Blockchain Technology CEO nao. AMA
https://www.reddit.com/r/IAmA/comments/8akjc8/hi_redditors_i_am_pradeep_goel_an_it_healthcare/?st=jfpsh4cq&sh=9a427f69

[jojo69]

ask him why we can't 3D print a blockchain

[Karartma1]

Anybody still holding Byteball? That's one of the few BTC airdrops I never dumped. It seems like it's been tanking the last 8 months though.

Yes bro! My favorite after Bitcoin. There have been hard times with the distribution model but, hey, so far so good. One of the best projects around.

Back to bitcoin, i bought some more. 19th of every month is my bitcoin buying day

It seems like you made some cash if you sold them by the 20 something of every month, there have been a few peaks at the 20s past few months, right?

Maybe you misunderstood me: I don't sell, I am buying only and increasing my war chest. There's no point selling so cheap. I have much higher targets 

[Raja_MBZ]

Polish Bitcoiners protesting against the 1000% tax plan from their goverment on Bitcoin.

1000%...

Translation:
We don't recognize Bitcoin as a currency. Or a legitimate asset. We didn't create it. It's fucking digital tulips and has no value. We didn't even say you were allowed have it or own it. But since we can't stop you from buying it, we will tax it 1000%. We have zero right to do this, but we're going to do it anyway.

Fuck. All. Governments.

Again and again and again. We are at war! Holding bitcoin today is going to be recognized as a revolutionary act tomorrow. Whatever will be I hope to stand still until we eventually win.
This is our last freedom chance

No one can stop bitcoin. No one can stop a revolution.

https://cointelegraph.com/news/us-tax-filing-service-says-004-of-users-reported-crypto-to-irs-as-deadline-nears

This will be the end result of anyone trying to tax with cruelty. People will not report the crypto holdings, it's almost impossible to trace out them for the governments.

If they really want to gain some tax from crypto holders/traders, they need to make their tax policies related to crypto "friendly", not cruel.

[Last of the V8s]

might just stay here and not make any hasty decisions

[Rosewater Foundation]

Someone must have tried to buy some blockchains and got confused.

[mindrust]

• it can only support a deflationary monetary system, no inflationary ones and so is useless as a trading currency
 • it has no native fungibility maintenance
 • governance is by contention only, which has already lead to forks in the community as well as the chain itself
 • it's one of the most centralised assets in the financial universe with 98% of the supply being held by less than 0.1% of the world population
 • it's slow at confirmation (a good thing IMO, but if you're trying to top up your credit card when the shop's closing in 10 minutes, forget it)
 • the Lightning network will not fix this as it only works for off-chain transactions plus...this

I'd better stop there for now cos my "koolaid" tank seems to keep topping itself up and I might get a bit sick

Your criticisms are all the strengths of the current fiat digital monetary system. Enjoy, you have it today.

Which is why bitcoin is not about to replace it. There are many "alts" already doing so instead.

Bitcoin may replace the gold sitting idly in vaults.

Bitcoin's main strength is not its speed, not its block time or size, not its mining algo, suppy cap... I am not saying bitcoin is an outdated tech though. It has the highest dev activity out there. Most of the altcoin devs are still copying core's work to create their own blockchain and that's a good thing. What iam saying is Its main strength is its immutability. Everybody knows once its on the block chain, it is done. There isn't a way to undo it.

In other words, bitcoin is the true decentralized/leaderless blockchain. (unlike eth or bcash or almost any other shitcoin out there)

Bitcoin didn't do partnerships, satoshi didn't buy google ads or hired shills to promote bitcoin... Everything happened because... bitcoin was good, people thought bitcoin was above partnerships, CEOs, leaders, corporates. People bought it and exchanges had to list it, businesses had to accept it as a payment method. Nobody signed nothing. That's why it is not going anywhere (nowhere bad) as long as it stays that way.

[KyleSpades]

Anybody still holding Byteball? That's one of the few BTC airdrops I never dumped. It seems like it's been tanking the last 8 months though.

Yes bro! My favorite after Bitcoin. There have been hard times with the distribution model but, hey, so far so good. One of the best projects around.

Back to bitcoin, i bought some more. 19th of every month is my bitcoin buying day

It seems like you made some cash if you sold them by the 20 something of every month, there have been a few peaks at the 20s past few months, right?

Maybe you misunderstood me: I don't sell, I am buying only and increasing my war chest. There's no point selling so cheap. I have much higher targets 

I see, thank you for clarifying that.

Just out of curiosity, have you never felt inclined to trade a bit? I mean, not selling your coins all at once but trying to profit some % every now and then while still holding/increasing your wallet? Wouldn't it help you grow your wallet a little more than just by simply holding?