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

[realr0ach]

My future ex Tulsi is out of the upcoming debate so Yang is the next best (ultra slim) hope for a true Crypto friendly candidate. Any tax crazy lefty gets nominated and Im team Trump. Mayor Pete I would predict is unlikely to make a major tax hike so he wouldnt be to bad for a dem nominee. Luckily after watching most of Grandpa Joe's interviews and debates I can confidently say that he has early dementia setting in fast and his brain would turn to mush in a grueling election.

Extremely low IQ WO poster.  There's ABSOLUTELY ZERO difference in any dem candidate.  They're literally grade Z crisis actors reading off a script.  Like the other day as if zombies in unison they all simultaneously read from the same script using the same words saying "climate change is an existential crisis".  

There is no "climate change crisis".  c02 is a trace gas that's only 0.0391% of the atmosphere and is in absolutely no way capable of being the main driver of temperature.  c02 levels were even astronomically higher than they are now in the past when dinosaurs walked the earth.  It's always been a scam to try and force a tyrannical global govt.  Everyone will die if you do not give us all your rights and hand us infinite power!

[1714063313]

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[BitcoinGirl.Club]

Good evening WO!
Observing @ $10,070 while watching Liverpool vs Arsenal. We are 1 - 0 ahead by the way.

Come on Liverpool!

[BitcoinGirl.Club]

Nothing can stand out against Bitcoins 🤪

[realr0ach]

Roach, I found your mom for you. If you are wondering what she has been doing, she is running for City Council

https://www.washingtonpost.com/nation/2019/08/24/this-city-wanted-be-welcoming-then-candidate-vowed-keep-marysville-white-community/?noredirect=on

Well, you do support diversity, don't you?  There's probably too many noggers in Detroit and they need to make it more diverse by forcing all the noggers to leave and shipping in white people instead.  This woman is clearly politically correct.

[VB1001]

Good evening WO!
Observing @ $10,070 while watching Liverpool vs Arsenal. We are 1 - 0 ahead by the way.

Come on Liverpool!

I don't like football, but I'm glad for you and for LFC.

Let's go BTC

[lightfoot]

This picture is more suitable for alts IMHO. Right Lightfoot?

Pretty much. Alts have been having their asses kicked as of late. :-)

[BTCMILLIONAIRE]

https://www.atr.org/biden-capital-gains-tax-we-should-raise-tax-back-396-percent?amp

Biden made the remarks on Wednesday, August 21 during an interview with Iowa Public Television:

“I believe we should, in fact, the capital gains tax should be at what the highest minimum tax should be, we should raise the tax back to 39.6 percent instead of 20 percent,”

"Households subject to Obamacare’s 3.8 percent Net Income Investment Tax end up paying a 23.8% rate. And under Biden’s cap gains scheme, such households will face a 43.4 percent rate."

I dont think anyone brought this up yet on WO, and the media has hardly discussed it, but this is some serious shit if you are an American Bitcoiner like me. This would seriously affect my wealth when I cash out coins at key numbers like 100k and 1 million.  Trump is "no fan of Bitcoin", but holy shit, at least he would never double my tax rate.

My future ex Tulsi is out of the upcoming debate so Yang is the next best (ultra slim) hope for a true Crypto friendly candidate. Any tax crazy lefty gets nominated and Im team Trump. Mayor Pete I would predict is unlikely to make a major tax hike so he wouldnt be to bad for a dem nominee. Luckily after watching most of Grandpa Joe's interviews and debates I can confidently say that he has early dementia setting in fast and his brain would turn to mush in a grueling election. Hillary's past stumbling and feinting on the election trail looks competent to what Joe is starting to manifest.

TLDR: Fuck Grandpa Joe.

Bitcoin is the true candidate for 2020, everyone else is a pretender.

There are many countries you could move your residence adress to. We gave you a list of alternative countries with no tax and many commented about their country tax situation. So if you have 1 million, there shouldn't be a big problem for you.

The US taxes global income.

[BTCMILLIONAIRE]

Yeah no big problem, I can pickup a new language and build a new life for myself in just a week or two. Thanks buddy, what was I thinking

That’s pussyfoot talk.  If you aren’t agile, you are a sitting duck.  

Meh to me it would be pussyfooting to leave your home and people behind bc some gibbering dementia patient is trying to steal your money. I understand the agile sentiment, and I could move to another country with ease, but I dont typically look to run from problems anyway. Also some of the countries on that list look to be a few regulatory clarifications away from taxing crypto, PR is not a country and as Jbreher said not tax free for Crypto, and Liberland is a joke.

Hopefully Republicans maintain control of at least one branch and this doubling of cap gains never happens. If it does happen I would sell all coins and realize profits, pay taxes, then buy most of the coins back at a new cost basis before the law went into effect. This would alleviate a lot of the problem, then Id have to consider my options.

I would agree with your position if it was as you described. In reality however, that gibbering dementia patient is highly calculated and is stealing your money, rather than just trying to.

[jbreher]

https://www.atr.org/biden-capital-gains-tax-we-should-raise-tax-back-396-percent?amp

"Households subject to Obamacare’s 3.8 percent Net Income Investment Tax end up paying a 23.8% rate. And under Biden’s cap gains scheme, such households will face a 43.4 percent rate."

There are many countries you could move your residence adress to. We gave you a list of alternative countries with no tax and many commented about their country tax situation. So if you have 1 million, there shouldn't be a big problem for you.

There is no escaping the US with a big chunk of untaxed capital gains.

[El duderino_]

Good evening WO!
Observing @ $10,070 while watching Liverpool vs Arsenal. We are 1 - 0 ahead by the way.

Come on Liverpool!

I don't like football, but I'm glad for you and for LFC.

Let's go BTC

And me

[BTCMILLIONAIRE]

I think Carney really just wants to make Bitcoin the Global Reserve, he just brought up "Libra-like" as a Trojan Horse.  His Corn bags are full of course.  

derp derp

Roach, I found your mom for you. If you are wondering what she has been doing, she is running for City Council

https://www.washingtonpost.com/nation/2019/08/24/this-city-wanted-be-welcoming-then-candidate-vowed-keep-marysville-white-community/?noredirect=on

 https://www.youtube.com/watch?v=DDe-QQW2kqQ

This video is well worth a watch, the way the reporters interact with her is hilarious.

The hypocrisy in the comments is quite astounding, although not at all surprising.

Marrying within a group is a common theme among many demographics, including (parts of) Jews, Muslims and Mormons among others.

Just goes to show how many people on all sides just want to hate more than anything else. The more I watch people's behaviours the more just the world appears.

[Biodom]

Not that most people here need convincing, but here is a very detailed description of why bitcoin investment is much preferred over alts:

https://medium.com/@damiandurruty/bitcoin-not-ethereum-4d916f519f11

[BitcoinGirl.Club]

Good evening WO!
Observing @ $10,070 while watching Liverpool vs Arsenal. We are 1 - 0 ahead by the way.

Come on Liverpool!

I don't like football, but I'm glad for you and for LFC.

Let's go BTC

And me

I was predicting a 3 - 1 win and we did 🤪

[mindrust]

June 11 2017, first time we hit the MM 2.5 after a long break of ~3.5 years since the Gox crash. On June 26 2019, we again went above 2.5 MM since January 9 2018. After ~1.5 years.

The consolidation might take a bit longer but, sooner or later, if things go like we all expect, more or less, the chart will look like this.



We are getting closer,

to the endgame.

[Millionero]

noggers

Do you refer to persons of the negro persuasion?

[OverEasy]

...
The consolidation might take a bit longer ...

Interesting find, mindrust. But ATH before halving is impossible, isn't it? So I would extend everything on the time axis.

[Biodom]

June 11 2017, first time we hit the MM 2.5 after a long break of ~3.5 years since the Gox crash. On June 26 2019, we again went above 2.5 MM since January 9 2018. After ~1.5 years.

The consolidation might take a bit longer but, sooner or later, if things go like we all expect, more or less, the chart will look like this.



We are getting closer,

to the endgame.

Maybe, but timewise you are are projecting it to happen too fast.
On your graph note a jump from 450 to around 850 (in 2016)...this happened at prior halving.
If halvings are the engine, we might be range bound at least until May of 2020.
On the other hand, if halvings would have only minor influence from now on and we discount them earlier, THEN you might be right.

[mindrust]

...
The consolidation might take a bit longer ...

Interesting find, mindrust. But ATH before halving is impossible, isn't it? So I would extend everything on the time axis.

Nice catch, that's why I said, it would take a bit longer.

That's the only concern I have here.

filbfilb (some TA god) on the other hand also said this bull run might develop earlier than we all guessed so who knows.

*He said it, because we exactly know what happens after the halving, so,,, many of us will start accumulating a lot earlier than the halving date (if already haven't started),,, means, it might rocket a lot earlier. We weren't so sure about this in 2017. (I wasn't)

Edit: I missed something, just realized my mistake but I am too ashamed to say it, anyway we are all speculating.   I'll only tell this much, you probably should move the moon chart to the right by 5-6 months. What I said about "if things start sooner" is still valid though.

Edit2: Nope, I guess It looks fine as it is.

[Raja_MBZ]

This is what I'm seeing on BTC dominance graph:



Seriously, IF this breaks down, go get some alts to further increase your BTC stash.

[ssmc2]

...
The consolidation might take a bit longer ...

Interesting find, mindrust. But ATH before halving is impossible, isn't it? So I would extend everything on the time axis.

Nice catch, that's why I said, it would take a bit longer.

That's the only concern I have here.

filbfilb (some TA god) on the other hand also said this bull run might develop earlier than we all guessed so who knows.

*He said it, because we exactly know what happens after the halving, so,,, many of us will start accumulating a lot earlier than the halving date (if already haven't started),,, means, it might rocket a lot earlier. We weren't so sure about this in 2017. (I wasn't)

Yeah, sooner/later isn't as relevant as the peak and subsequent drop. If you're into EW jazz that wave could end up being III of a 5 wave run-up culminating with a 300k+/- peak around end of 2021.