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

[mindrust]

600k+ $BTC by Sept 2021 if we copy the 2015-2017 price action 😎🚀

#Bitcoin2019 #bitcoin


https://twitter.com/Crypto_Tone1/status/1158361271022030848?s=20

When people getting overly Bullish and talking my language

Lol fuck off mic!
That is seriously overly bullish although just imagine  

Edit - Whoever pulled the flush again - You are dead to me  

That is less bullish than McAfee.  Remember McAfee prediction 1:  BTC to $500k by end of 2020.   McAfee prediction 2:  BTC to $1 million by end of 2020.

Now take a long breath so your brain cells can work in full capacity and think:

What if McAfee was right?

What If any price between $50k and 100k isn't final before the bear run?

What if it doesn't stop at $100k and go way beyond?

And what if you unload everything between those 2 numbers. ($50-100k)

Would you feel like shit?

If yes > Hodl, (at least some)
If no > Sell and don't look back.

***I am (and will be) keeping at least 1 full piece, no matter what happens.***

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[JayJuanGee]

For few minutes (an hour ago I think) I witnessed $13,000

However now it's $11,800

Can not complain. $15K soon?

Focus.... .Focus....

Bitstamp...

High on Bitstamp a few hours ago was $12,325...   That is NOT $13k... cannot even be rounded to $13k...

Edited:

For few minutes (an hour ago I think) I witnessed $13,000

However now it's $11,800

Can not complain. $15K soon?

Might have been something you ate? I'm looking at $12.325 as the daily high.

Perhaps it was some strange exchange? We use Bitstamp BTC/USD here. Anything else and the natives get restless...

Toscha said everything.

[JayJuanGee]

[edited out]

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. 

You want to teach us something related to bitcoin?  Will it be helpful to our profits?  What's your own profit's track record?  Did you get back in with you .25 BTC purchase?  since you were only able to buy back .25BTC from the .5BTC that you sold at $6k, right?

[mindrust]

https://www.zerohedge.com/news/2019-08-04/when-teslas-crash-they-come-here-auction

If you ever crash your tesla, forget about repairing, forget about selling it to someone else. It is done. Dead.

Another reason to avoid that thing.


https://twitter.com/KeefWivanef1

[JayJuanGee]

600k+ $BTC by Sept 2021 if we copy the 2015-2017 price action 😎🚀

#Bitcoin2019 #bitcoin


https://twitter.com/Crypto_Tone1/status/1158361271022030848?s=20

When people getting overly Bullish and talking my language

Lol fuck off mic!
That is seriously overly bullish although just imagine  

Edit - Whoever pulled the flush again - You are dead to me  

That is less bullish than McAfee.  Remember McAfee prediction 1:  BTC to $500k by end of 2020.   McAfee prediction 2:  BTC to $1 million by end of 2020.

Now take a long breath so your brain cells can work in full capacity and think:

What if McAfee was right?

What If any price between $50k and 100k isn't final before the bear run?

What if it doesn't stop at $100k and go way beyond?

And what if you unload everything between those 2 numbers. ($50-100k)

Would you feel like shit?

If yes > Hodl, (at least some)
If no > Sell and don't look back.

***I am (and will be) keeping at least 1 full piece, no matter what happens.***

Yeah... I think that many of us here have learned some lessons along the way in terms of still being able to get pretty damned rich, but not having to sell all of your stash.

I know a lot of people do seem to get into a kind of second guessing of their decision to NOT have sold after the price corrects in the 50% to 85% arena. 

It is possible to sell decently high portions of your stash on the way up without even selling greater than 50% and still be rich as fuck from having had invested into bitcoin... but yeah, we don't really know if we are going to have repetitions of previous 10x or more price increases, so there is that, too.

[gentlemand]

https://www.zerohedge.com/news/2019-08-04/when-teslas-crash-they-come-here-auction

If you ever crash your tesla, forget about repairing, forget about selling it to someone else. It is done. Dead.

Another reason to avoid that thing.

I guess so many people lease cars now that they don't care about that stuff. I dunno where that leaves the weirdos who actually favour owning things. I do know electric car insurance is significantly higher and tales like that must be why.

I wouldn't be too devastated if Amazon pulled that Taylor Swift album I touch myself to I was leasing from them. It's rather different if Tesla choose to brick me from 5000 miles away.

BMW are now charging a subscription to be able to use Apple Carplay. It's a slippery slope that's gathering pace.

Luckily I am fully stocked up with enough of these to last a lifetime.



I may sell some to favoured members from this thread with a full node installed.

The node will take a modest fee of 45% per transaction you send from the luxury of your walnut and leather interior.

[jbreher]

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.

US? Absolutely false. Early years, one could make the argument that crypto-crypto trades were 'like kind exchanges' under 1031. In TY 2018, the law was changed in order to specifically outlaw like kind exchanges for anything other than real property (e.g., real estate).

Note: IANAL, and this is not tax advice. Evidently, neither is bkbirge.

[HairyMaclairy]

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.

We momentarily broke out of the wedge but now we are back inside it.

[HairyMaclairy]

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.

Not familiar with HMRC guidance on this point but this is highly unlikely.  All other major economies have CGT levied on any sale, including sale for other digital assets.  

Edit:  caught up now and see the issue has been sorted

[bkbirge]

Note: IANAL, and this is not tax advice. Evidently, neither is bkbirge.

gentlemand beat you all to the punch, I am properly chastised by my WO elders. Don't take anything I say, ever, as tax advice, lol. 

[Biro Bob]

@gentlemand How much to lease one of your fine brown allegros?

[HairyMaclairy]

https://www.zerohedge.com/news/2019-08-04/when-teslas-crash-they-come-here-auction

If you ever crash your tesla, forget about repairing, forget about selling it to someone else. It is done. Dead.

Another reason to avoid that thing.

I guess so many people lease cars now that they don't care about that stuff. I dunno where that leaves the weirdos who actually favour owning things. I do know electric car insurance is significantly higher and tales like that must be why.

I wouldn't be too devastated if Amazon pulled that Taylor Swift album I touch myself to I was leasing from them. It's rather different if Tesla choose to brick me from 5000 miles away.

BMW are now charging a subscription to be able to use Apple Carplay. It's a slippery slope that's gathering pace.

Luckily I am fully stocked up with enough of these to last a lifetime.



I may sell some to favoured members from this thread with a full node installed.

The node will take a modest fee of 45% per transaction you send from the luxury of your walnut and leather interior.

• Zerohedge FUD is best FUD
• Anyone treating autopilot as an autonomous driving system is an idiot
• Don’t crash your car, you aren’t 17 anymore
• Anyone who doesn’t have full insurance is an idiot
• Morris Marina?

[yefi]

Correct me if I’m wrong but you only pay capital gains tax when you start to sell?

Take note that any interest you've earned from lending or staking is liable to Income Tax. As others have mentioned, any crypto-crypto trade is treated as a disposal which falls typically under CGT in the UK.

[Hueristic]

OK, Looks good since I've been online, we were struggle 5 digits last time I was online.

I will need to make a small sell later today so what do you guys think?

Is the daily spike over or should I place a sell @ like 12.3k?

[gentlemand]

@gentlemand How much to lease one of your fine brown allegros?

Other than the 45% cut for using Bitcoin via the in-Austin node there will be no monetary cost. There will be a human cost, one so high I'm not really comfortable discussing it here. We'll fall off that bridge when we come to it.

• Morris Marina?

No, sir. That would be unspeakably downmarket.

Austin Allegro Vanden Plas.

[HairyMaclairy]

If I had to guess, I would say we are more likely to go down a bit from here over the next few days rather than upwards. 

[Hueristic]

If I had to guess, I would say we are more likely to go down a bit from here over the next few days rather than upwards. 

Thanks man, my thoughts as well.

I am finally going to try that Paxos portal I setup a few weeks back.

[LFC_Bitcoin]

If I had to guess, I would say we are more likely to go down a bit from here over the next few days rather than upwards. 

HODLERS NOT AFFECTED

[Hueristic]

If I had to guess, I would say we are more likely to go down a bit from here over the next few days rather than upwards.  

HODLERS NOT AFFECTED

Nope, but users are.

[JayJuanGee]

If I had to guess, I would say we are more likely to go down a bit from here over the next few days rather than upwards.  

HODLERS NOT AFFECTED

Nope, but users are.

HODLers are a type (or a subset) of user.  

No coiner or fence sitter are nearly out of the category of user, unless they are attempting to contemplate an entry level and/or an entry strategy.  So, even no coiners and fence sitters could become future users, and also affected by the whole market dynamics that bitcoin creates through its incentives....  

Guys like Roach and jonoiv, are surely affected.  Roach is affected by how pissed off he continues to be about money gravitating away from PMs such as gold and silver into bitcoin, and guys like jonoiv are struggling with pie in the sky hopium regarding their own smartness in being able to re-enter at some price point lower than he sold.... good luck with those sub $6ks... but you never know?