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

[Ibian]

You aren’t poor.  At least, you aren’t dirt poor.  You enjoy the freedoms afforded anyone who is affluent in a Western country.  You are probably a white middle class male with a commensurate income.  

A lot of us lefties look at the poor in America and think that the divide is too great. They fear that what happens in America will eventually happen to their country too.  We also have our alt-right and our NeoNazis.

But here our poor have free high quality healthcare and there is a modest social safety net.  No one dies in the gutter. We don’t want to live in a society where people are desperate, because people with nothing to lose are extremely dangerous and violent.  We want a nice peaceful society where everyone has equal opportunity.   Part of that is not fucking over your poor.  If you fuck over your poor you end up with South Africa or Detroit.  Yes you can have gated communities but I don’t want to live like that.  I can walk down the worst street in my large city at 2am and not worry. I like that.  

A big part of the reason is because we take care of our poor, more or less.  Too many libertarians are like Marie Aintonette “let them eat cake”.  We all know how that worked out.

There was a study done several years ago in America on the quality of life of the average family who was living below the poverty level. They had internet access, at least one large screen TV, cable or satellite for that TV, at least one car, a computer, a videogame console, air conditioning and heat, and smartphones.

Yeah, modern technology has made life incredibly comfortable for almost everyone and things will only get more efficient from here. But that's simply existing, what humans (and any animal) really craves is reproduction. And women want the top men.

Doesn't matter if "poor" people had ten mansions and twenty private jets, as long as there are people with orders of magnitudes more than that that's who women will choose. It's about relative status. Especially now that there are no restrictions on sexual activity for women.

[Torque]

All you ignorant, juvenile libertarian, conservative, racist alt-righter fuckers can all go proper fuck yourselves. History is not on your side. Bitcoin is not your personal savior.

You fuckers may be the most vocal, but you are not the majority by any means. Your own neuroses, insecurities and failures drive you to attack or disagree with anyone who might have a shred of thought different from your own carefully constructed house-of-cards conspiracy-theory cult bullshit.

Charlie Munger is that you? Awww... poor little Chucky is off his meds and wandering the lawn naked again. Warren needs to help him come back inside. It'll be ok.

[V1lpu]

^ WTF is that?

[Torque]

^ WTF is that?

Something that ur just gonna copy and paste about 2 pages from now 

[V1lpu]

^ WTF is that?

Something that ur just gonna copy and paste about 2 pages from now  

I didn't copy/pasted anything from this thread. Crypto community is small and most of the memes circulated in tight space. Sometimes it's hard to find post in tons of conspiracy theories.

[_javier_]

but we are not over that number yet..


btw, werent the Congress hearings today? any live feed?

[Elwar]

Today, I pay my fair share of taxes and everyone leaves me the fuck alone.

This, my friend, is the definition of extortion. Pay or get fucked with.

I am all for funding social buildings, schools, hospitals, fire fighting, all of those things.
I also do not support extortion.
These are two different things. You seem to think that one must exist in order for the other to happen.
Why do you think you believe this? Possibly those schools funded by extortion taught that this is normal?

[Wekkel]

Saw on /r/bitcoin.

Food for thought.

Notice that final capitulation before it started in earnest.

[AlcoHoDL]

Guys 'n' gals...

Looks like we're going Carolina soon.

About time!

via Imgflip Meme Generator

[Robin,Hood]

Just take the taxes side of things. You can't own the house because of the property taxes. You can't go anywhere without paying the taxes on the gas. You can't leave the country if you owe the IRS.
[...]
So it's fine if you're a statist cuck with no ambition. But it's no place for a sovereign individual.

....................

Uh, hit someones nerve there. Create new account to write wall of words.

Long live the sovereign individual.





I can make any graph fit without a time-frame.

[infofront]

What's the actual tax rate in the states, anyway? In my country it's about 80%. 50% income tax, 25% sales tax and a whole bunch of taxes that are not openly advertised on anything you buy adding up to another 50%.

How much of your labor needs to be taken away before you no longer consider yourself "free"?

Federal tax rate depends on income and whether you're married/single. A married couple making a combined $150,000/year, for example, has a tax rate of 22%.

State income tax rates vary greatly. States like Texas, Florida, and several other have no income tax. California, the most "progressive" state in the country, has a top tax rate of 13.3%. Most large cities also have a small income tax.

Then, there are property taxes. These vary widely and are based on the value of your home. Mine are something like $2,400/year.

State sales tax is typically around 6-7%. There is no federal sales tax.

There are other taxes, which are hidden from most people, such as corporate income taxes, gasoline tax, etc.

[Biodom]

What's the actual tax rate in the states, anyway? In my country it's about 80%. 50% income tax, 25% sales tax and a whole bunch of taxes that are not openly advertised on anything you buy adding up to another 50%.

How much of your labor needs to be taken away before you no longer consider yourself "free"?

Then, there are property taxes. These vary widely and are based on the value of your home. Mine are something like $2,400/year.

State sales tax is typically around 6-7%. There is no federal sales tax.

There are other taxes, which are hidden from most people, such as corporate income taxes, gasoline tax, etc.

Man, I wish my RE taxes were this low.
In TX they are INSANELY high.
$10K on a moderately valued home. It's a high replacement of state tax.
I am not retired, but a typical retiree cannot pay this.

[infofront]

What's the actual tax rate in the states, anyway? In my country it's about 80%. 50% income tax, 25% sales tax and a whole bunch of taxes that are not openly advertised on anything you buy adding up to another 50%.

How much of your labor needs to be taken away before you no longer consider yourself "free"?

Then, there are property taxes. These vary widely and are based on the value of your home. Mine are something like $2,400/year.

State sales tax is typically around 6-7%. There is no federal sales tax.

There are other taxes, which are hidden from most people, such as corporate income taxes, gasoline tax, etc.

Man, I wish my RE taxes were this low.
In TX they are INSANELY high.
$10K on a moderately valued home. It's a high replacement of state tax.
I am not retired, but a typical retiree cannot pay this.

Ouch. The governments will take their pound of flesh one way or another I guess.

[Last of the V8s]

https://www.c-span.org/video/?448611-1/house-panel-examines-digital-currency&live

[Elwar]

https://www.c-span.org/video/?448611-1/house-panel-examines-digital-currency&live

I'm not liking the panel they grabbed for their "panel of experts".

A Ripple guy and a bunch of professors of the legacy systems.


Ripple guy suggesting the Fed create a centrally controlled cryptocurrency. Or a cryptocurrency like...hmm...Ripple. Bitcoin is money, but not a very good one. Nothing wrong with our current system.

Heritage guy: Not Bitcoin...blockchain! (at least he suggests they get rid of capital gains taxes on spending crypto). He also mentions that centralizing crypto under Fed control wouldn't work. Adoption rate would help with volatility.

Professor: The US dollar has backing. Money is created by banks. Bitcoin not getting traction as a medium of exchange (likes Tether).

Old legacy finance guy: Private currencies have existed before. Money over time has become more centralized. Will it become decentralized due to crypto? Not likely. Central bank digital currency is a horrible idea. An increase in centralizing should be avoided.

They keep talking about a Federal Reserve deposit account.


Final summary: Cryptocurrencies are interesting and developing, it looks like we'll be coming back to this topic later.

[gentlemand]

I'm not liking the panel they grabbed for their "panel of experts".

A Ripple guy and a bunch of professors of the legacy systems.

I wouldn't have expected anything less, or more. That's how they roll.

[Last of the V8s]

"We should prohibit U.S. persons from buying or mining cryptocurrencies," says Rep. Brad Sherman, a senior Democrat on the House Financial Services Committee.

https://twitter.com/colinwilhelm/status/1019646925820264448


Bitcoin right now seems to be trying to break that psychological resistance level of $7500.

It went down $100 during his bleatings
https://www.opensecrets.org/members-of-congress/summary?cid=N00006897

This is the woke guy https://twitter.com/norbertjmichel?lang=en

Pollock is the wrecker https://imgur.com/a/wQPtnkq

[samson]

"We should prohibit U.S. persons from buying or mining cryptocurrencies," says Rep. Brad Sherman, a senior Democrat on the House Financial Services Committee.

https://twitter.com/colinwilhelm/status/1019646925820264448


Bitcoin right now seems to be trying to break that psychological resistance level of $7500 *permanently*.

Who the fuck does this Brad Sherman think he is ?

[BTCtrader71]

"We should prohibit U.S. persons from buying or mining cryptocurrencies," says Rep. Brad Sherman, a senior Democrat on the House Financial Services Committee.

https://twitter.com/colinwilhelm/status/1019646925820264448


Bitcoin right now seems to be trying to break that psychological resistance level of $7500.

It went down $100 during his bleatings
https://www.opensecrets.org/members-of-congress/summary?cid=N00006897

This is the woke guy https://twitter.com/norbertjmichel?lang=en

Pollock is the wrecker https://imgur.com/a/wQPtnkq

https://www.c-span.org/video/?448611-1/house-panel-examines-digital-currency&live

Mr Pollock ended with this: " I don't think it [future forms of currency] will be a privately issued fiat currency like bitcoin"
Not sure if he meant it, but sounded like he called bitcoin a privately issued fiat currency. Hwa??

[jbreher]

Corporations are soulless mummies mandated to maximize shareholder profit. Imagining market forces will manage humans with anything other than complete indifference is nuts.

Funny thing about profit? It can only be garnered by providing something the masses want at a price for which they are willing to pay.

Truth is, the cold indifference of profit-seeking enterprise is the mechanism by which the lowliest among us live better longer lives in more comfort than the aristocracy of merely a century ago.