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November 18, 2019, 02:46:20 PM *
News: Help collect the most notable posts made over the last 10 years.
 
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Question: When will we see a new ATH? (Credit to: Biodom)
2019 - 14 (8.3%)
Early 2020 - 38 (22.6%)
Late 2020 - 50 (29.8%)
Early 2021 - 15 (8.9%)
Late 2021 - 27 (16.1%)
2022 - 4 (2.4%)
2023 - 0 (0%)
2024 - 4 (2.4%)
After 2024 - 3 (1.8%)
Never - 13 (7.7%)
Total Voters: 168

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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 21433233 times)
This is a self-moderated topic. If you do not want to be moderated by the person who started this topic, create a new topic. (129 posts by 23 users deleted.)
Saint-loup
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August 30, 2019, 01:37:38 AM

China could launch its cryptocurrencyCBDC as soon as November 11...

Speaking under terms of anonymity, the source, who previously worked for the Chinese government, confirmed that the technology behind the cryptocurrency has been ready since last year and that the cryptocurrency could launch as soon as November 11, China’s busiest shopping day, known as Singles Day.

Paul Schulte, who worked as global head of financial strategy for China Construction Bank until 2012, says the largest bank in the world, the Industrial and Commercial Bank of China, the second largest bank in the world, his former employer, the Bank of China, the Agricultural Bank of China; two of China’s largest financial technology companies, Alibaba and Tencent; and Union Pay, an association of Chinese banks, will receive the cryptocurrency.

At the time of launch, the recipient institutions will then be responsible for dispersing the cryptocurrency to 1.3 billion Chinese citizens and others doing business in the renminbi, China’s fiat currency, according to the source.

https://www.forbes.com/sites/michaeldelcastillo/2019/08/27/alibaba-tencent-five-others-to-recieve-first-chinese-government-cryptocurrency/
The Bitcoin Forum is turning 10 years old! Join the community in sharing and exploring the notable posts made over the years.
Biodom
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August 30, 2019, 01:49:47 AM
Last edit: August 30, 2019, 02:54:01 AM by Biodom

WAGs=wives and girlfriends, usually of famous personalities, rockstars and/or football players (football that is called soccer in US).
This term is not typical in US, mostly in use in UK and probably Australia.
realr0ach
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August 30, 2019, 02:17:19 AM

Most fiat money is debt, so negative interest rates mean that more money gets borrowed, meaning more debt is created, meaning more money is being printed.
Asset inflation continues unabated.
Market will lose confidence in the sustainability of money-printing suddenly.

https://twitter.com/jimmysong/status/1167203731550670851?s=21


I don't like this tweet because it doesn't really address the correct mechanics or ramifications of negative interest rates at all.  There's a lot of points you can discuss when talking about negative interest rates and how none of it makes sense or will work from a theoretical or real world perspective, but I think one of the big issues that nobody discusses is that negative interest rates are essentially helicopter money for the rich.  Why?  Because in negative interest rates you technically get paid to borrow, but here is the kicker...only the people who are already rich are qualified borrowers in the first place for being given vast sums of money for investment potential.

What happens then?  If rates are just negligibly negative then not a whole lot happens economically besides the price of silver and gold going up.  Nobody is going to borrow vast sums of money if they think the interest rate can flip back on them and catapult to 10-20% or something.  To get the actual effects wanted by negative interest rates (things like increased money velocity and mass inflation) you would need massively negative rates to lure anyone into taking the arb opportunity, and then it REALLY IS helicopter money for the rich aka 'the most qualified borrower'.

Negative rates - and just how low you would need to try and set them to have an effect in this context - are even worse than standard Ben Bernanke helicopter money where the govt just hands people money out of the blue.  At least that has an even distribution and works as an actual macro correction mechanism.  Helicopter money for the rich while wealth distribution and income inequality are already laughable is totally insane unless your goal is to cause societal collapse and anarchy.
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August 30, 2019, 02:27:26 AM



Does not matter if you are a U.S. Citizen, you always have to pay income tax no matter where you are in the world.

You can't change U.S. citizenship?

As I posted in reply to you several days ago (albeit with not as much specificity, as I thought all needed was a reminder), you can renounce your US citizenship, but you get taxed for the privilege of doing so. Heavily.
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How much alt coin diversification is needed? 0%?


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August 30, 2019, 02:34:51 AM

WAGs=wives and girlfriends, usually of famous personalities, rockstars and/or football players (football that is called socccer in US).
This term is not typical in US, mostly in use in UK and probably Australia.

Oh.  Good implication that HODLers, including yours truly, are gonna be (if not already) famous (presumably through level of rich).
jojo69
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no FOMO


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August 30, 2019, 02:40:24 AM



Does not matter if you are a U.S. Citizen, you always have to pay income tax no matter where you are in the world.

You can't change U.S. citizenship?

As I posted in reply to you several days ago (albeit with not as much specificity, as I thought all needed was a reminder), you can renounce your US citizenship, but you get taxed for the privilege of doing so. Heavily.

They take half as I understand it.

Land of the free indeed.
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August 30, 2019, 03:30:24 AM

Not Sunday, I know
But sudden impulse to buy...
It must be the dip.

#haiku
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August 30, 2019, 03:30:41 AM
Merited by Pamoldar (1)

2019 - "Can't use #Bitcoin for payments lol fees are WAY too expensive"

1994 - "Can't use the internet for news lol ISPs are WAY too expensive"

How about shut up while we build this shit out



Source link: https://twitter.com/notsofast/status/1167145806777991168
realr0ach
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August 30, 2019, 03:51:29 AM
Last edit: August 30, 2019, 04:21:31 AM by realr0ach

2019 - "Can't use #Bitcoin for payments lol fees are WAY too expensive"

1994 - "Can't use the internet for news lol ISPs are WAY too expensive"

How about shut up while we build this shit out

https://i.imgur.com/M7rkfyi.png

Crap comparison because ISPs can operate independently from one another, and things like Buttalik Butterin 'sharding' - parallel processing - nullifies the entire security model and purpose of a sequential linked list in the first place. Anything 'blockchain' is inherently high overhead and low performance, which is why people like Fuserleer were forced to get rid of it entirely to try and build his "eMunie" system.  But then you just have some fragile steady state system with garbage state recovery only suitable for a centralized payment processor like Paypal that does their own backups.  The actual working "shit" with infinite throughput, fungibility, security, and everything else is already "built out".  It's called physical metals. 

Can humans make a better payment system than what nature has already provided?  You can make a system for sending around imaginary timestamps or receipts, but somewhere along the line people will demand convertability to an actual resource.  The circle is not completed and you're essentially operating the same as any regular fiat without guaranteed convertability because a timestamp is useless to a human.  What's the purpose of all the overhead from a blockchain for then if it does absolutely nothing to facilitate convertability?  There is none.  You have removed no counterparty risk without facilitating a guarantee of convertability.  Which is why money is required to be physical commodity resource - there is no question of convertability then.
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In order to dump coins one must have coins


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August 30, 2019, 04:39:52 AM
Last edit: August 30, 2019, 04:59:11 AM by DaRude

China could launch its cryptocurrencyCBDC as soon as November 11...

Speaking under terms of anonymity, the source, who previously worked for the Chinese government, confirmed that the technology behind the cryptocurrency has been ready since last year and that the cryptocurrency could launch as soon as November 11, China’s busiest shopping day, known as Singles Day.

Paul Schulte, who worked as global head of financial strategy for China Construction Bank until 2012, says the largest bank in the world, the Industrial and Commercial Bank of China, the second largest bank in the world, his former employer, the Bank of China, the Agricultural Bank of China; two of China’s largest financial technology companies, Alibaba and Tencent; and Union Pay, an association of Chinese banks, will receive the cryptocurrency.

At the time of launch, the recipient institutions will then be responsible for dispersing the cryptocurrency to 1.3 billion Chinese citizens and others doing business in the renminbi, China’s fiat currency, according to the source.

https://www.forbes.com/sites/michaeldelcastillo/2019/08/27/alibaba-tencent-five-others-to-recieve-first-chinese-government-cryptocurrency/

Quote
Mu says, the DC/EP is being designed to replace the physical notes and coins in circulation, not the renminbi sitting in bank accounts in a digital form.
Oh how Europe would love to get rid of their dirty dirty fiat which is screwing with their negative interest rates

So the next stage finally begins! Big players will have to start their own cryptocurrency pretty soon, next will be cryptoRuble, cryptoEuro etc... Small players will have an option of going for BTC or get pwned to libra. Unfortunately by the time they react half of their population will already be holding libras.

Next stage would be when cryptoUSD/libra/renminbi/ruble/rupee/euro suddenly devalues and population realizes that they can preserve their buying power by switching to BTC. That's when the war against BTC will really begin. All in due time
realr0ach
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August 30, 2019, 04:43:10 AM

Oh.  Good implication that HODLers, including yours truly, are gonna be (if not already) famous (presumably through level of rich).

Famously insane maybe.  Bitcoin is the equivalent of saying "Hey, I have absolutely nothing of value.  You too?  Okay, let's do business with one another".  Bitcoin - the imaginary economy of fools.  You have this segregated playpen of people in outer space masterbating vigourously while furiously trading imaginary, valueless widgets back and forth with one another.  Then one leaves the insane asylum venturing to town to interact with the real world to try and attain a non-imaginary object of value and farmer Bob says "Are you fucking retarded, mate?"
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August 30, 2019, 04:52:24 AM

Bitcoin Mt.Gox flash Crash Bitcoin at $0.01 each

History is fun, exciting and depressing at the same time Grin video is for new folks, Need time machine!
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August 30, 2019, 04:53:24 AM

She looks like a dragon

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August 30, 2019, 05:27:43 AM



Does not matter if you are a U.S. Citizen, you always have to pay income tax no matter where you are in the world.

You can't change U.S. citizenship?

As I posted in reply to you several days ago (albeit with not as much specificity, as I thought all needed was a reminder), you can renounce your US citizenship, but you get taxed for the privilege of doing so. Heavily.

They take half as I understand it.

Land of the free indeed.

Foreign Account Tax Compliance Act  Angry
free-bit.co.in
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August 30, 2019, 05:32:38 AM

Thanks for the dump! Bought some more Bitcoins!! 💪💪💪
HairyMaclairy
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August 30, 2019, 05:50:09 AM

WAGs=wives and girlfriends, usually of famous personalities, rockstars and/or football players (football that is called socccer in US).
This term is not typical in US, mostly in use in UK and probably Australia.

Oh.  Good implication that HODLers, including yours truly, are gonna be (if not already) famous (presumably through level of rich).

50 Hodler WAGs

https://www.totalsportek.com/list/hottest-wags-football-2015/

#19
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August 30, 2019, 05:53:04 AM

Thanks for the dump! Bought some more Bitcoins!! 💪💪💪

👌🏻😁 I did too yesterday. Plus some Ethereum.
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August 30, 2019, 06:07:07 AM

Thanks for the dump! Bought some more Bitcoins!! 💪💪💪

👌🏻😁 I did too yesterday. Plus some Ethereum.

ETH lost its mojo. BNB is the hot shit now.
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How much alt coin diversification is needed? 0%?


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August 30, 2019, 06:09:57 AM

Oh.  Good implication that HODLers, including yours truly, are gonna be (if not already) famous (presumably through level of rich).

Famously insane maybe.  Bitcoin is the equivalent of saying "Hey, I have absolutely nothing of value.  You too?  Okay, let's do business with one another".  Bitcoin - the imaginary economy of fools.  You have this segregated playpen of people in outer space masterbating vigourously while furiously trading imaginary, valueless widgets back and forth with one another.  Then one leaves the insane asylum venturing to town to interact with the real world to try and attain a non-imaginary object of value and farmer Bob says "Are you fucking retarded, mate?"

Fuck your fictional farmer bob that you have suggested does not understand the new age of the interwebs.

He better learn a bit about where we are going, rather than where we have been, otherwise he is going to get screwed with all those bunkers and guns that he built and the gold that he has accumulated but he is not able to use it.  Dumb fuck.
JayJuanGee
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August 30, 2019, 06:13:22 AM

WAGs=wives and girlfriends, usually of famous personalities, rockstars and/or football players (football that is called socccer in US).
This term is not typical in US, mostly in use in UK and probably Australia.

Oh.  Good implication that HODLers, including yours truly, are gonna be (if not already) famous (presumably through level of rich).

50 Hodler WAGs

https://www.totalsportek.com/list/hottest-wags-football-2015/

#19

Ok.. comparisons of WAGs might not be a bad thing, even though it might not be worth Opsec risks.. .. hahaha.. at least in my thinking.
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