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

[realr0ach]

False.
With the power consumption of IDLE devices on the US only , you could power the bitcoin mining industry for 3.6 years

All you're doing is plagiarizing Gavin's dumb idea now.  Nobody is going to CONSTANTLY change out ASICs in coffee makers and other bullshit every 3 months.  Please come up with better bullshit next time.  It's not like that would even eliminate idle 'waste' power in the first place.  It would only add even more power usage and be culmulative WITH the idle power waste.  So there would be no point doing it.  You would need to be a dedicated, full-scale miner, or not a miner at all.

[GreatArkansas]

Shitty mobile phone chart
https://i.imgur.com/j9fN0EE.jpg

What can you say on that chart or current situation of BTC? Love to hear yours.
Since in my lower time frames, I'm bullish.

[El duderino_]

Most people are woefully uneducated about Bitcoin.

It appears that everyone who can explain it is extremely bullish.
https://twitter.com/bitcoindeezy/status/1158053269874196480?s=20



@r0ach, educate yourself, fight the inner bitterness, jump on the train, forget your Nazi sh*t thinking, forget trolling the WO, become a brother its not yet to late

This is why we are here.
Spread the word.
Spread the knowledge.
Bitcoin is a difficult topic, at the crossroad of different fields of human knowledge (monetary theory, cryptography, game theory, distributed calculation, network engineering...).
Also as a paradigm shift challenges us on many aspect of our life we are used to think about as "certainties". This is why also adoption is coming slowly: a lot of people prefer to "close the eyes" and stay in their comfortable habits of ignorance (no negative term here, only ignorance as "not knowledge").
Bitcoin is difficult, but the stake is too high not to be educated about it.
But once you see bitcoin, it cannot be unseen.


 

I have seen r0ach been lectured numerous times in here, yet he don’t understand BTC.....

Your statement of a difficult topic is very correct!

[GreatArkansas]

https://i.imgur.com/DbSJzGM.png
What do tradingview gurus call this? Wedge? Looks like I found one. I became a TradingView pleb too.

I have the same setup as yours but I'm in lower timeframes with combination of some momentum indicators.
For me, that kind of triangle is considered as continuation pattern, once it will break upwards, we can see test the previous yearly high which is around $13,000 to $14,000.

[mindrust]

https://i.imgur.com/DbSJzGM.png
What do tradingview gurus call this? Wedge? Looks like I found one. I became a TradingView pleb too.

I have the same setup as yours but I'm in lower timeframes with combination of some momentum indicators.
For me, that kind of triangle is considered as continuation pattern, once it will break upwards, we can see test the previous yearly high which is around $13,000 to $14,000.

I don't deny that. It can be broken before maturing. I've been wrong before, this might be just another fail chart from me.  

[fillippone]

Speaking of education.

Bitcoin is often labeled as a Ponzi scheme.

Well: what can you say about a negative yielding bond?

why should you buy a negative yielding bond if it not to sell it later at an higher price?

here you go: total nominal velue of negative yield bonds: 15 TRLN of USD.

[MERlT]

Fuck.

Right after I bought $100 worth of btc from $12300 it started to go down.

Observing $11680.

$1000 incoming.  

Just Bitmex Exchange and their shorting games..... never use this exchange it is GOV owned.

Blame Arthur Hayes and his leveraged gambling games.

Bitmex causes most of the "Bart" patterns, with its chained long & short liquidations.

Can’t be arsed looking but I am sure Barts were around before Mex existed

Bitmex is a FUD dump factory, disguised  as a crypto exchange, just like Poloniex is a shitcoin factory, disguised as a crypto exchange.

[rdbase]

Speaking of education.

Bitcoin is often labeled as a Ponzi scheme.

Well: what can you say about a negative yielding bond?

why should you buy a negative yielding bond if it not to sell it later at an higher price?

here you go: total nominal velue of negative yield bonds: 15 TRLN of USD.

Indivduals who are labeling it as a ponzi scheme either got burnt during the internet bubble in the early 2000s or are nocoiners.

[OcTradism]

9 more months till Bitcoin halving next year, I think it is good time to look at bitcoin price and halving history in order to make our plans for next months.

Source: https://ihodl.com/infographics/2018-04-09/chart-day-bitcoin-reward-halving-and-price-history/

[DeathAngel]

$12,3xx to $11,6xx

Those whales playing with us again, hey? It wouldn’t shock me if we went back to $9,xxx again by next week & then all the way back to where we are now.

Lots of games being played by those with deep pockets I think. Reassuring to know all this will stop when the FOMO begins after the halving. You can’t control the beast when it’s in BEAST MODE.

[jonoiv]

9 more months till Bitcoin halving next year, I think it is good time to look at bitcoin price and halving history in order to make our plans for next months.

Source: https://ihodl.com/infographics/2018-04-09/chart-day-bitcoin-reward-halving-and-price-history/

Look up elliot wave principle, look up all the major FTSE or dow jones companies lifetime graphs.

While you're at it look at the oh so hyped LTC halving.  look at the effect it had on the price. 

[Paashaas]

9 more months till Bitcoin halving next year, I think it is good time to look at bitcoin price and halving history in order to make our plans for next months.

Source: https://ihodl.com/infographics/2018-04-09/chart-day-bitcoin-reward-halving-and-price-history/

Consider the fact that Bitcoin is still in his start-up fase, looking at the right column seeing $100k to $1m per coin is not fantasy.

Pretty sure $1m per coin within 10 years.

[JSRAW]

@LFC

British tax authority seeks customer data from crypto exchanges in search of tax evaders

HM Revenue & Customs, the British tax authority, is pressuring cryptocurrency exchanges to reveal customers’ names and transaction histories, in a bid to claw back unpaid taxes, industry sources said.

Letters requesting lists of customers and transaction data have landed on the doorsteps of at least three exchanges doing business in the U.K. – Coinbase, eToro and CEX.IO – in the last week or so, the sources said. None of the three firms would comment by press time.

“If they [HMRC] do only go back two or three years, I think the interesting thing here is, that the individuals who went into crypto very early on in 2012-13 will not be affected. The ones who probably made the largest gains won’t be affected, it will be the people who came in around the time crypto peaked.”

[LFC_Bitcoin]

@LFC

British tax authority seeks customer data from crypto exchanges in search of tax evaders

HM Revenue & Customs, the British tax authority, is pressuring cryptocurrency exchanges to reveal customers’ names and transaction histories, in a bid to claw back unpaid taxes, industry sources said.

Letters requesting lists of customers and transaction data have landed on the doorsteps of at least three exchanges doing business in the U.K. – Coinbase, eToro and CEX.IO – in the last week or so, the sources said. None of the three firms would comment by press time.

“If they [HMRC] do only go back two or three years, I think the interesting thing here is, that the individuals who went into crypto very early on in 2012-13 will not be affected. The ones who probably made the largest gains won’t be affected, it will be the people who came in around the time crypto peaked.”

I started buying in May 2014. I’ve never declared any tax at all. Correct me if I’m wrong but you only pay capital gains tax when you start to sell?

[JSRAW]

yes


Yes and yes i read it  

Yes, you must!!

[bkbirge]

I started buying in May 2014. I’ve never declared any tax at all. Correct me if I’m wrong but you only pay capital gains tax when you start to sell?

Only when you sell for fiat. If you convert to another digital asset you don't pay capital gains. At least not yet.

[_javi_]

...it's not even really possible for mining to go up like 10x anymore...

Maths: you can always make a math problem harder and it will need more work to be solved. Always

Infinite dams needed? ROFL

Make the reward interesting enough, and everybody will join and mine.

[LFC_Bitcoin]

yes


Yes and yes i read it  

Yes, you must!!

Lol

Ninja edit, didn’t want to incriminate myself

[kurious]

There were originally reports of r0ach sockpuppets spreading conspiracy theories and race hatred.

Quoting nonsense:  ignored

[VB1001]

Both are garbage.  Since Bitcoin is not fungible, the govt will just claim ANY attempt to mix or obfuscate transaction history is a money laundering crime.  So the default state of Bitcoin's existence will always just be a govt tracking and control system that abolishes the 5th amendment where everything you do is monitored in real-time.

This is among the long lists of reasons why you should NEVER support any piece of shit, non-fungible currency and should always insist on using real, fungible, physical commodity money (gold, silver, copper, etc) that doesn't function as both a tracking system and permissioned ledger.  Anything non-fungible will always be a permissioned ledger in the end.  The only possible endgame evolution of craptocurrency will be identical to the Chinese social credit score system.  You 3rd world Indian children scammers need to fuck off with your shilling for crypto garbage that are just trojan horses for a cashless society slavery system from (((the state))).

Since the 1st of the month. If you are not bullish on Bitcoin you are doing it wrong.

$BTC $XAU $SPX

https://twitter.com/CanteringClark/status/1158375817904369667

Keep buying rocks.