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

[realr0ach]

Is Elwar trolling us with seastead timeshares again

[1713950242]

1713950242

[arklan]

I feel like there is a joke in here somewhere.

yea, there's gotta be... but i can't parse it.

[realr0ach]

[HairyMaclairy]

Why did the developer cross the road?
Because he wanted to exit scam

[JayJuanGee]

Target 1 would be 8,600-8,800$ if BTC breaks that we are off to the 9,000$ level again.

Everytime it breaks $9000 somebody on reddit creates a topic and says "this is the last time we see btc under $9k" and then few days later we go under $9k again.

I think they are dumping on us and like many told before they'll keep dumping it till we hit below $5k. They probably have enough bitcoins to give us 2-3 painful years before the next big boom.

Give me a break with your discussion of what you believe to be powerlessness and seeming inevitability of downward price actions.  

if you really think about the matter and open your eyes, you should already know that there is no inevitability in either price direction.  Currently, BTC prices are not in a bad place, and even $5k would not be a bad place, if it were to occur, which is far from a given.

They "seem" to have enough coins to continue to dump on us, until they don't.  

[JayJuanGee]

This tweet from Charlie Lee has surprised me:

https://twitter.com/SatoshiLite/status/997978007875670016

He was millionaire before Bitcoin? Surprising. Anyone knows what he was doing before?

I think he worked at google right?

That would make for it yeah. Also probably he is older than he looks like (in fact in recent pictures he does).

A million dollars isn’t that much in the scheme of things.  That’s half a house in Vancouver, Canada.   Probably a third of a house in Silicon Valley.   It’s not even a downpayment in London unless you are an hour from the City.

It's not that much if you need to be in one of those places you listed. Where, if you are, you will be paid well enough to be able to afford it (out of necessity) but will still only have a lifestyle on par with someone making 1/5th of your salary elsewhere. A really comfortable retirement starting at age 30 only requires about 2 million though. So it's not that a million is a small amount of money so much as it's that the particular examples you gave are WAY overpriced. For reference you need about 7 million dollars in assets to be in the american 1% and about 3 million to be in the global 1% (those figures assume that you have only assets and no income).

But yea there is a sense in which you are absolutely right. A lot of very financially illiterate people have very bad misconceptions about what a million dollars means. They will play a lottery that promises to pay out a million dollars and think if they could just win than they could live like an elite and never have to work again, which of course is not even close to accurate. It's also why everyone who wins the lottery blows through it all in a couple years, they think they won WAY more than they actually did.

Still, having a net worth over 1 million with less than 30 years is a great start. And not something that usual even if there are places where $X00.000 salaries are frequent.

The other day I was reading some article that states that there are many people making those salaries and living from paycheck to paycheck with almost no savings beyond 401k. Here is the article: https://www.cnbc.com/2018/03/06/budget-breakdown-of-a-couple-that-makes-500000-a-year-but-cant-save.html

I supposse there must be a lot of exaggeration and sensationalism in it, but still..... The biggest joke in that "budget" is buying the car with credit....

If their only investment is their house and their 401k, they seem to have considerable room for savings and investment in other things such as bitcoin.  They are in no fucking way struggling with 3 vacations a year at $18k, for example, and also each of them is maximizing their 401k, which seems to be pretty smart and a decent set up for continued prosperity, too.  They would be able to do quite well with even 1/3 of that salary, between two peeps.

[JayJuanGee]

2. Who gives a XXXX

we use a thing called language here...it is for communicating

bye bye

Oh come on. That's a bit harsh. Take it easy.  
"crypto is electronic currency" and my personal welcome "Your welcome" already made my day.
Apparently the previous IQ discussion is still relevant. Legendary...

To be fair, menace has been teetering on the edge for a while.

It is pretty amazing how effectively some people are able to demonstrate the abrasive nature of their personality in a few lines of text.

Thanks for the heads up

did not realize it come across that way

time for a reality check, do not want to be abrasive


2. Instead of Who gives a XXXX, I Should of typed

who cares?

lol

I understand again apologies

I think "who gives a fuck?" is fine, depending on the tone and the emphasis that you intend to provide.

If you later concede that you did not intend such tone or emphasis, then so be it... Any of us can make those kinds of mistakes.. seems to me.

[Robin,Hood]

It's the travel business. Guaranteed profits you know. Because... who doesn't like to travel to exotic places?

Don't be so picky and go all in, you are missing the train!

I just bought a bunch with my credit card. Should be able to lock in some pretty sweet profits before my bill is due.

Missing this opportunity of a lifetime  would be an unforgiving mistake.

[Totscha]

Now can we get on with doing the same for all the mETH heads and all the ICO shitcoin lovers?

The only ICO that isn't for a shitcoin is the HoweyCoins ICO that's endorsed by theymos and all the mods. It's officially registered with the U.S. government and SEC compliant. You are GUARANTEED PROFIT from your investment from it.

Theymos himself made its announcement thread.

https://bitcointalk.org/index.php?topic=3920469.0

Invest all your Bitcoins in it, and if you don't have any money to invest get a huge loan.

This is the bounty thread.

https://bitcointalk.org/index.php?topic=4029040.0

Theymos GUARANTEES PROFIT from it.

Et tu, Theymos?

[savetherainforest]

Well, this is strange. Just noticed they made a Jeepers Creepers 3 movie and people randomly decided to care the director of the movie was caught raping some kid while seemingly not caring about this fact for the first 2 movies he made even though it was already known then lol:

http://horrorfreaknews.com/horror-fans-launch-petition-boycott-jeepers-creepers-3/15472

The comment section is full of delusional SJW transgenders and shit:



It's the most bizarre, trainwreck of comment section I've ever seen as it seems like half the comments are from old women in the boomercuck generation and all say he should retroactively recieve the death penalty, while all these super flaming and transgender people are posting trying to remove the age of consent entirely lol.

Very bullish!!!


Green Dildos Everywhere!!!

[HairyMaclairy]

This tweet from Charlie Lee has surprised me:

https://twitter.com/SatoshiLite/status/997978007875670016

He was millionaire before Bitcoin? Surprising. Anyone knows what he was doing before?

I think he worked at google right?

That would make for it yeah. Also probably he is older than he looks like (in fact in recent pictures he does).

A million dollars isn’t that much in the scheme of things.  That’s half a house in Vancouver, Canada.   Probably a third of a house in Silicon Valley.   It’s not even a downpayment in London unless you are an hour from the City.

It's not that much if you need to be in one of those places you listed. Where, if you are, you will be paid well enough to be able to afford it (out of necessity) but will still only have a lifestyle on par with someone making 1/5th of your salary elsewhere. A really comfortable retirement starting at age 30 only requires about 2 million though. So it's not that a million is a small amount of money so much as it's that the particular examples you gave are WAY overpriced. For reference you need about 7 million dollars in assets to be in the american 1% and about 3 million to be in the global 1% (those figures assume that you have only assets and no income).

But yea there is a sense in which you are absolutely right. A lot of very financially illiterate people have very bad misconceptions about what a million dollars means. They will play a lottery that promises to pay out a million dollars and think if they could just win than they could live like an elite and never have to work again, which of course is not even close to accurate. It's also why everyone who wins the lottery blows through it all in a couple years, they think they won WAY more than they actually did.

Still, having a net worth over 1 million with less than 30 years is a great start. And not something that usual even if there are places where $X00.000 salaries are frequent.

The other day I was reading some article that states that there are many people making those salaries and living from paycheck to paycheck with almost no savings beyond 401k. Here is the article: https://www.cnbc.com/2018/03/06/budget-breakdown-of-a-couple-that-makes-500000-a-year-but-cant-save.html

I supposse there must be a lot of exaggeration and sensationalism in it, but still..... The biggest joke in that "budget" is buying the car with credit....

If their only investment is their house and their 401k, they seem to have considerable room for savings and investment in other things such as bitcoin.  They are in no fucking way struggling with 3 vacations a year at $18k, for example, and also each of them is maximizing their 401k, which seems to be pretty smart and a decent set up for continued prosperity, too.  They would be able to do quite well with even 1/3 of that salary, between two peeps.

Yes there is a lot of fat in there that can be cut. $18k a year on charitable donations beyond their means.  Likewise they don’t need a 5 series as their second car and the kids expenses seem a bit out there.  Their life insurance looks awfully cheap though.  

Also tax must be calculated wrong.  They don’t pay 40% on all of it, only the bits in top bracket.

[mymenace]

2. Who gives a XXXX

we use a thing called language here...it is for communicating

bye bye

Oh come on. That's a bit harsh. Take it easy.  
"crypto is electronic currency" and my personal welcome "Your welcome" already made my day.
Apparently the previous IQ discussion is still relevant. Legendary...

To be fair, menace has been teetering on the edge for a while.

It is pretty amazing how effectively some people are able to demonstrate the abrasive nature of their personality in a few lines of text.

Thanks for the heads up

did not realize it come across that way

time for a reality check, do not want to be abrasive


2. Instead of Who gives a XXXX, I Should of typed

who cares?

lol

I understand again apologies

I think "who gives a fuck?" is fine, depending on the tone and the emphasis that you intend to provide.

If you later concede that you did not intend such tone or emphasis, then so be it... Any of us can make those kinds of mistakes.. seems to me.

I am sure the board can handle a few here and there, but the rules do need to be implemented.

I like jojo69 response to a question about mtgox in 2012 manipulating the market

"Who cares" is a much better response to the question of my spelling their instead of there.



anyhow amazing coincidence at the time, a discussion on mtgox bankruptcy manipulating sell offs was happening and here I am quoting jojo69 and the thread was the same manipulation mtgox was doing in 2012

https://bitcointalk.org/index.php?topic=58848.msg693795#msg693795

[El duderino_]

I am still feeling a bit of a vibe. Weekend is over but let the excitement of the small leg up launch our bitcoin up. I would like 10k in the next three days. Bitcoin, if you could do that, it would be great

a shake on that vibe .... wanna see three days of green and up movement

[El duderino_]

[STT]

Some people calculate the tax rate including sales tax and all the other kinds of tax.   By that estimation I've heard people say they pay 50% of everything they earn back to government local or federal.  Not sure its correct because it would requires millions in income (and spending) to be true but I believe its possible.  
  Rich people usually run their money through a company or trust setup because these organisations get to spread their tax over many years not just one and its far more efficient when an economy and incomes naturally vary.   Of course then that requires people to organise that company for you, so theres a bias to being rich possibly.   I agree with something along the lines of flat tax; zero discouragement to maximise your income and probably this kind of tax has to be sales based.
 Qatar has the best setup they just pay everyone 20k base income which stops welfare being any discouragement from earning.  Also Qatar is a stupidly rich state and doesnt allow 'foreign' citizens, this is why economics becomes politics very easily  

Putting money towards the pension is just a smart way to reduce tax, cant really say they are then struggling.  

You are GUARANTEED PROFIT from your investment from it.

Bad words to say.   Might as well throw a mirror over your shoulder saying such things    Profit I just call a secondary objective that might result from some very good primary objectives achieved by some project.  Where people place value is not certain, can even be random and trend based.   The market can be nonsense not reflecting innovation in proportion.     Was LTC the best of all those different coins to survive best, it was probably just a lucky mix of factors and good/early timing.


BTC held 61.8% of spring weakness, which is pretty sound.  I thought I'd log onto to see a decline past that 8092 line and 8487 is next bar in that ladder.  8092 area is roughly where the first recovery from the April bottom went sideways, so its fair place for it to find support now.

[HairyMaclairy]

Qatar has slavery for poor foreigners (Filipino maids and Pakistani construction workers) so it’s a bad example.  Much of its wealth is built on human rights abuses.

[sirazimuth]

Now can we get on with doing the same for all the mETH heads and all the ICO shitcoin lovers?

The only ICO that isn't for a shitcoin is the HoweyCoins ICO that's endorsed by theymos and all the mods. It's officially registered with the U.S. government and SEC compliant. You are GUARANTEED PROFIT from your investment from it.

Theymos himself made its announcement thread.

https://bitcointalk.org/index.php?topic=3920469.0

Invest all your Bitcoins in it, and if you don't have any money to invest get a huge loan.

This is the bounty thread.

https://bitcointalk.org/index.php?topic=4029040.0

Theymos GUARANTEES PROFIT from it.

Et tu, Theymos?

"Participants must be at least a newbie to join our campaign "

Well I guess that narrows it down.


Our leader musta got bored or something....

[Syke]

I agree with something along the lines of flat tax; zero discouragement to maximise your income and probably this kind of tax has to be sales based.

Bad idea. Very regressive.

[vapourminer]

Not much Canadian action on localbitcoins today. Everyone is cautious.

https://www.bloomberg.com/news/articles/2018-05-14/inside-google-a-debate-rages-should-it-sell-artificial-intelligence-to-the-military

wtf? This is... REALLY bad!
Military elite getting off to "Slaughterbots" while US poverty soars.

Robot cheetah that runs faster than any human with guns and faster reflexes than biology is capable of. An army of them.

The preppers are fucking right.

we are perfectly safe

K9 is ready to take out the evil google/military slaughter bots.

[HairyMaclairy]

What we need is a hovercraft with an EMP