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

[HairyMaclairy]

Bullish

Bloomberg says Bitcoin on the way to zero.  Keep it up. 

https://twitter.com/business/status/1069044907854094336?s=20

[realr0ach]

If you can take out a loan on your capital it means you don't have to pay capital gains taxes since you never sold for a profit.

And you've just uncovered one reason why bitcoin is completely useless.  Imaginary, valueless tokens are impossible to act as collateral for anything.  What's worse is that it's not even possible to legally define what the fuck a bitcoin is in the first place for contract law because someone can just randomly exert more hashpower and change the rules of what it is.  Then it's entirely arbitrary whether you owe the other party the previous token that's non-fungible at best, or completely incompatible at worst.  Segwit tokens for instance are non-fungible with previous tokens because it alters the security model no matter how many people lie about it and pretend it doesn't.

Gold and silver = actually functions as collateral because no dumbass in their basement or Chinese mining monopoly can randomly fork them into something else against your wishes.  If you look at them then turn away, you don't have to worry that they will be something entirely different when you look back at them again.  Traits like this are required for something to be money and to function in contracts.

[xhomerx10]

Put your affairs in order lads.

Billionaires and millionaires in the U.S. are arranging loans to have funds readily available so they won’t have to sell off investments in the event of an economic downturn, according to Jim Steiner, head of Wells Fargo & Co.’s ultra-high-net-worth business.

“They always want to have lines in place for if markets do turn down and they get capital calls on private investments,” Steiner, who leads Wells Fargo’s Abbot Downing unit, said Monday in a Bloomberg Television interview. “They want to be able to make those capital calls through use of the line as opposed to basically selling equities in the public markets.”

https://www.bloomberg.com/news/articles/2018-11-26/billionaires-are-leveraging-up-in-case-of-downturn-banker-says

If you can take out a loan on your capital it means you don't have to pay capital gains taxes since you never sold for a profit.

 Would it be possible to get a forgivable loan and not pay capital gains taxes?

I am guessing that forgiving the loan would trigger a taxable event.  But why not repay the loan in BTC.  

 Interest-free and forgivable on the date of my death - tbd?

[HairyMaclairy]

Uhh who is going to lend to you on those terms?  

[xhomerx10]

Uhh who is going to lend to you on those terms?  

 I haven't worked out all the bugs yet.  My parents with my Bitcoin that I slip them the private keys for?

edit: screw that, they'd leave for florida immediately.

[realr0ach]

The Zerohedge goyim are closing in on the scam.  Don't you love how the entire Zerohedge comment section (which far more represents the mainstream silent majority than this forum) is an exact replica of me?

[phishead]

pro tip phishead

monero is /somewhat/ tolerated here, quoting the r0ach...not so much

Oh cool, glad you told me what is “tolerated” when discussing the issues of centralization. Hahaha.

It’s ok, I’ll be sure to shut up hopefully. Don’t want to piss off the powers that be here on this thread. Please continue your discussion on how centralization and censorship by a core group of people are horrible... my apologies to r0ach...

You can write whatever the fuck you want.

Best to back up what you say, and surely there are some posters who post a lot of crap here, especially roach.

However, from time to time, even roach makes some interesting posts.

If someone gives you a hint about which posters are not so acceptable, then you can certainly take that with a grain of salt, but perhaps you can also attempt to figure out why that was said, rather than getting on some bullshit censorship theme that is largely considered a stupid ass bullshit argument.  

Go ahead, make some points and attempt to back them up, instead of whining about supposed censorship.  

Edit:  
I saw in a subsequent post you kissed and made up with Jojo and decided to ignore roach. I will leave my comments stand, and surely, my intention is to suggest that you don't need to fear presenting controversial ideas in this thread - whether you are supportive of bitcoin's current direction or not or whether you believe core is too centralized (which does seem to be a bit of a spurious talking point that trolls, pumpers or bitcoin naysayers(nocoiners) like to make), and especially if you are able to back them up with facts and/or logic (hopefully both).  Personally, I do think that you can get yourself into trouble when aligning with trolls or seemingly really dumb ideas before guys and gal in this thread get to know you a bit...   Yet, even if you are known, I doubt that you would need to take any attacks on your post ideas personally - because even though there may seem to be some agreement with so many of the regulars wearing hats, frequently, there is decently high levels of disagreement about bitcoin related topics, relevancy of topics and even whether some kind of happening, such as "stable coins" is bullish, bearish or a bitcoin attack vector.

First off this is a Bitcoin forum man... calm down. In terms of me doing my own research, I can go 20 posts deep in his post history and find that a majority of what he says are things I would see in a 4chan thread. I would ignore this guy in real life anyways if this is how he acted and I just met him.

[realr0ach]

I can go 20 posts deep in his post history and find that a majority of what he says are things I would see in a 4chan thread.

Oh no, another shitcoin scammer is mad because I won't promote their lies that imaginary, valueless tokens are somehow better than physical metals.  The funny part is most of the people who post on here don't even believe it themselves, they just try to push the lie to try and hype their pump and dump "investment".  The only person that actually believes it is JayJuanGee (LOL).

[HairyMaclairy]

On the knife edge of a break out to $4400

[realr0ach]

And how the fuck does what I type look like a 4chan thread?  This is what a 4chan thread looks like:

[jojo69]

Bullish

Bloomberg says Bitcoin on the way to zero.  Keep it up. 

https://twitter.com/business/status/1069044907854094336?s=20

[criptix]

On the knife edge of a break out to $4400

Fakeout :/

Dont you think the volume is too low for a break out?


/edit

Thats not /pol/ @roach 

[realr0ach]

https://twitter.com/business/status/1069044907854094336?s=20

One of the posters near the top nailed it (on accident).  Shitcoins and fiat are both fake, counterfeit money.  Only physical commodity currency like metals are real.

[HairyMaclairy]

Where does the upper line you drew start? Mine is placed on the 4409.8, meaning it has not breached it yet.

Yes you are right.  Either I made a mistake or it might be because I drew the line in a different time frame and it didn't translate properly when switching to 15m.  TV does that sometimes.

I have redrawn the line.  It is still very close but not actually breached.



Edit:  strange bitcoinwisdom has the same issue when switching from 4H to 1H

Dont you think the volume is too low for a break out?

Long / shorts is uncomfortably low at 0.80.  The number of shorts outstanding is really high at 34k. 

[Toxic2040]

Looking at these fibs from May, somewhere between the -0.236 and -0.382 catches my eye. Not sure what the end of the month will bring but the next week or so looks pretty good if volatility stays around. #dyor


D

[realr0ach]

I have redrawn the line.  It is still very close but not actually breached.

The line has been breached:

https://www.zerohedge.com/news/2018-03-19/top-us-general-says-american-troops-should-be-ready-die-israel

[PoolMinor]

Where does the upper line you drew start? Mine is placed on the 4409.8, meaning it has not breached it yet.

Yes you are right.  Either I made a mistake or it might be because I drew the line in a different time frame and it didn't translate properly when switching to 15m.  TV does that sometimes.

I have redrawn the line.  It is still very close but not actually breached.



Edit:  strange bitcoinwisdom has the same issue when switching from 4H to 1H

Perhaps this thread does change the minds of the marketeers.  

Down she goes...

Edit:

Spectacles pattern on the 30 minute chart.

[nutildah]

    $200: An altcoin is anything other than ____?
    $400: This rapper killed Coinye.
    $600: Each transaction is [in]a block connected in these digital ledgers that enable crypto to work.
    $800: This 3-letter chat app created a currency similar to its name Kin.
    $1000: Which country created the Petro?
https://sludgefeed.com/cryptocurrencies-featured-on-jeopardy/

Pretty cool.

"Interesting(ly), the category was left untouched until the end of the round..."

I'm surprised they included #4, I don't think most crypto people (or anybody) knows what Kik is... I only know about it because I write about obscure coins for my job.

[jojo69]

doom doom doom doom

doom doom a dooma doom

doom doom doom doom

doom doom a dooma doom


widdala widdala widdala widdala

coda

[Toxic2040]

Beautiful symmetry of fractals. #btfd

1h