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

[Toxic2040]

Good morning.




#dyor
1h

#stronghands

[1713259436]

1713259436

[vapourminer]

thats why i never bothered with mixers [...]

Tax in Netherlands is just 1.2% per year of the Jan 1st "value", nothing on actual gains. Never used a mixer but I assume they charge more than 1.2%. Looks like they spend a year collecting information about really dumb people.

in the USA we pay capitol gains on the difference in price when bought vs when sold. so i actually like having a very simple straight forward way to match my coins for tax purposes. there are a few different ways to do it, last in 1st out; 1st in 1st out etc. it can make a big difference in what you pay.

[El duderino_]

Hehe finally first tournament starting here, but but few other playing scoops as well

[Last of the V8s]

'capitol' gainz is correct terminology

[vapourminer]

((they)) may not be able to trace some transactions and link them to people now, but i am certain they will be able to do so to a large extent in the future. they will be able to go back as far as they want as its all public anyway. and i would rather not have the IRS, or whoever, make my life miserable down the road.

Yep, tax office depending on jurisdiction has like 10 to 20 years time to jail you for dodging taxes.

Via chain analysis and kyc on exchanges .gov will know what you do, hard to escape this.

yup thats the way i figure it. sure be a drag to be lounging in my mega yacht 10 years from now and suddenly have 3 letter agencies crawling over your life, all because you tried to avoid paying a few thousand in taxes.

[vapourminer]

'capitol' gainz is correct terminology

oops my bad i suck at financial terminology. i just wanna be rich.

[Toxic2040]

'capitol' gainz is correct terminology

oops my bad i suck at financial terminology. i just wanna be rich.

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Hodlerz partying.



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[MrFreeRoMan]

"Bitcoin is too volatile, it will never be money"

Bitcoin yearly lows:

2011: $1
2012: $4
2013: $65
2014: $200
2015: $185
2016: $365
2017: $780
2018: $3,200

Bitcoin yearly volatility:

2011: 16%
2012: 11%
2013: 14%
2014: 13%
2015: 8%
2016: 5%
2017: 6%
2018: 7%

https://twitter.com/Rhythmtrader/status/1128657389677436928?ref_src=twsrc%5Etfw

[Last of the V8s]

you cat people will be the death of me

[siggy_77]

"Bitcoin is too volatile, it will never be money"


Bitcoin yearly volatility:

2011: 16%
2012: 11%
2013: 14%
2014: 13%
2015: 8%
2016: 5%
2017: 6%
2018: 7%

https://twitter.com/Rhythmtrader/status/1128657389677436928?ref_src=twsrc%5Etfw

Umm.. how is "volatility" defined in the above?  those numbers seem way low to me.....

[Raja_MBZ]

https://twitter.com/cz_binance/status/1131260191242981376

[jbreher]

?? So you actually RL use it ? What for, where, to who ......?

On the new internet the "MetaNet"
Homepage for it  https://www.agora.icu/

Ah, OK, so nowhere then. Kind of as I suspected...

We estimate the website value of agora.icu is currently at $ 278 USD and reaches roughly 361 unique users each day that generate 381 daily pageviews with a daily revenue (from advertisements, i.e Google AdSense) of $ 0 USD approximately.

http://www.siteworthtraffic.com/report/agora.icu

Your observation of very little user count is likely valid.

However, the use of Google AdSense as a means of measuring revenue on a system that was expressly architected in order to use other than eyeball advertising for its revenue model is beyond stupidity.

[jbreher]

You guys think we will ever see BCash @$4k again within any bullrun? I feel like I lost a fortune by not selling @4k and kept that scam hodling.

You will not find anyone here who thinks that BCH will ever be $4k again

False statement is false.

XD

Well have you been to the Altcoins section? Everyone and their mother thinks Shitcoin X is going to upser Bitcoin and be worth 1mil.

Yes, but Shitcoin X can't trace back to the Satoshi Genesis block, and Shitcoin X's protocol does not have more in common with the original Bitcoin protocol than does that of BTC.

Like our little reality tv show move of trying to copy write Bitcoin and the Genesis paper. The fucker can't prove he's Satoshi and hell has essentially disproved it, but knows how to rile up new comers to crypto during runs doesn't he?

::le sigh:: ...aaaand we're back to 'Aussie man bad!'

And we still have not discussed the fact that Majormax was flamingly wrong in his/her blanket statement.

PLENTY of shitcoins are forks of Bitcoin that doesn't mean anything, fuck I could fork Bitcoin and put a 1 minute block with 1tb max blocks and feel like goofey everything chainer's would be drooling at it.

Yes, but that would be an even more grievous diversion from the original Bitcoin protocol. Try again.

Aussie man is the only reason the coin is still even discussed or betted on.

False statement is false.

[MrFreeRoMan]

"Bitcoin is too volatile, it will never be money"


Bitcoin yearly volatility:

2011: 16%
2012: 11%
2013: 14%
2014: 13%
2015: 8%
2016: 5%
2017: 6%
2018: 7%

https://twitter.com/Rhythmtrader/status/1128657389677436928?ref_src=twsrc%5Etfw

Umm.. how is "volatility" defined in the above?  those numbers seem way low to me.....

https://www.buybitcoinworldwide.com/volatility-index/

[jbreher]

Nodes set the rules, not miners
If the majority of miners mine blocks against consensus rules, as defined by nodes, nothing happens, as mined block, even if the longest chain is produced, are not relayed trough the network as rejected by the nodes.

The only option a so-called 'node' has when it encounters a chain it doesn't like is to orphan itself from that chain. And hope it can find another it is happy with. If the miners en masse move to a new implementation, each and every so-called 'node' merely fucks itself individually.

[Biodom]

"Bitcoin is too volatile, it will never be money"

Bitcoin yearly volatility:

2011: 16%
2012: 11%
2013: 14%
2014: 13%
2015: 8%
2016: 5%
2017: 6%
2018: 7%

https://twitter.com/Rhythmtrader/status/1128657389677436928?ref_src=twsrc%5Etfw

So, he is saying that volatility is "steadily" increasing during the last three years?
Lol, it does feel this way, regardless.

[siggy_77]

"Bitcoin is too volatile, it will never be money"


Bitcoin yearly volatility:

2011: 16%
2012: 11%
2013: 14%
2014: 13%
2015: 8%
2016: 5%
2017: 6%
2018: 7%

https://twitter.com/Rhythmtrader/status/1128657389677436928?ref_src=twsrc%5Etfw

Umm.. how is "volatility" defined in the above?  those numbers seem way low to me.....

https://www.buybitcoinworldwide.com/volatility-index/

Ok.. so from the FAQ on that page:

How volatile is Bitcoin relative to gold and other currencies?
For comparison, the volatility of gold averages around 1.2%, while other major currencies average between 0.5% and 1.0%.

so the above numbers don't seem very high.. until you compare them to gold and USD....

[jbreher]

More tediouser than Game of Dragons
More bloodier than Deadwood
More fireworksier than Chinese New Year
More drugsier than The Wire
Duller than Soccer itself
Shinier than a Lamorghini
TV's latest sensation is
The Wall

current episode #2391x featuring
-old memes
-baby nazi
-aussie man bad
-fake coins, fake people
-merit circle jerk
-depressed gay intellectual
-soft pornos
-sex, trains, rockets, cats and dildos
-graphic pictures of lines going down and up
-people realising bitcoin is not for coffee or pizza - again

Lulzworthy.

Speaking of which, today is Laszlo's Pizza Day. Eat a pizza.

[Paashaas]

Moved Jbreher on unignored out of curiosity, perhaps he changed.

Quite disappointed to see (as expected) the usual bullshit.



Back on ignored...lol.

[jbreher]

The immutability of the 1MB blocksize still stands if we throw out the word "protocol". Satoshi knew that once he slipped that blocksize limit into the core client, it would be there forever, and become the de facto standard in all bitcoin software implementations. That's why Garzik and the others were opposed to it at the time. Satoshi said that it was temporary, but he knew enough about game theory to realize 1MB blocks would become a Schelling Point within the bitcoin network if it was left in the core client long enough.

I agree fully with the above but unfortunately the 1MB block size has already been abandoned when segwit was introduced.

Reading between the lines, it appears that infofront may adhere to the following hypothesis:
Once enough value gets bound up in segwit addresses, it becomes an irresistible honeypot. For while those addresses hold value under segwit rules, under the previous protocol rules, they are 'anyonecanspend' transactions. To the extent that the miners collude to roll back the chain, they are free to claim these 'anyonecanspend' TXOUTs for themselves. Every additional UTXO held in a segwit addy is additional incentive for them to behave thusly.

Once done, then the protocol and system would be back to the ersatz immutable 1MB block chain cap.

But hey - we've been over this already.

It's a theory. One which infofront may also not adhere to.