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

[bitserve]

via Imgflip Meme Generator

As you see....

A White Russian....

This might be talking .....

Knew it! :

And... are those two drinks on the sides Margaritas? Hard to tell for sure with that lighting, but could perfectly be.

[HI-TEC99]

Moon when?

When we get to the yellow bit on this chart.

[Last of the V8s]

https://youtu.be/AKQi3wzNFGQ ugh

[somac.]

Moon when?

You know better than everyone else causes you are "Legendary", I still think it's later this month not 100% accurate There is a possibility.

Everyone's question is whether the halving has been priced in already or not.

Yeah same to me a lot of time discussion BTC price and halving a lot of people said that bitcoin pumped and movement near "halving" but not sure  people just idea, that so bitcoin is the real main pairs so opinion going more and more so that we have conception "Moon soon" before halving.

A halving doesn't get priced in. It might get temporarily pumped by whales beforehand to screw over the noobs, but, that's it. The halving is purely a supply and demand thing. Over the long term, the reduced supply will absolutely increase the price, provided demand remains the same or increases. I've said it before, mathematically bitcoin is designed to always increase in price, just as fiat money is designed to reduce in price.

The reduction in supply can't be priced in before hand, because there is too much supply to maintain a priced in (higher) price. Same as any commodity.

[STT]

Unfortunately our fates are intertwined with them so the prophecy can be fulfilled.

Tota Lege  
The fit is perfect for the thread

Everyone's question is whether the halving has been priced in already or not.

No its still retracting from the last wave, people jumping the gun and getting fingers muzzle burnt.

We already have unlimited blocks and built-in pruning in physical silver.

Confirmation is reliable but a little too slow for the modern world, you already know silver is not compact enough to be used by itself.   Silver and gold are going to be more used then now for sure but so will many things beyond FIAT.

[Last of the V8s]

“Stick to rounding up everyone who should be rounded up,” it said. “If they’re there, round them up.”

https://www.nytimes.com/interactive/2019/11/16/world/asia/china-xinjiang-documents.html

Secret teams of investigators traveled across the region identifying those who were not doing enough. In 2017, the party opened more than 12,000 investigations into party members in Xinjiang for infractions in the “fight against separatism,” more than 20 times the figure in the previous year, according to official statistics.

Mr. Wang may have gone further than any other official.

Quietly, he ordered the release of more than 7,000 camp inmates — an act of defiance for which he would be detained, stripped of power and prosecuted.

https://www.nytimes.com/interactive/2019/11/16/world/asia/china-detention-directive.html

[Searing]

Sorry to distract ya'll from an apparent dick measuring contest...

What's your take on perpetual trusts?
Here is Guardian's:
https://www.theguardian.com/world/2019/nov/14/the-great-american-tax-haven-why-the-super-rich-love-south-dakota-trust-laws

I think that this would be relevant to bitcoin later on.
There are lots of "golden nuggets" in this article.
The main conclusion is that we might be changing the society by allowing perpetual trusts (details in the article).

This golden nugget is relevant to some US bitcoiners right now. How many will be moving to South Dakota before cashing out to avoid capital gains tax?

https://www.theguardian.com/world/2019/nov/14/the-great-american-tax-haven-why-the-super-rich-love-south-dakota-trust-laws

South Dakota has no income tax, no inheritance tax and no capital gains tax

The perpetual trusts thing seems a massive deal, and probably will be relevant to Bitcoin later on.

Well, hold your horses, there are still federal taxes, including capital gains tax. It's not written very clearly.
The only no cap gains tax for US citizens is the Puerto-Rico deal, but it is only until 2035 and only on cap gains AFTER you domesticated/moved your assets there.
Plus, you HAVE to reside there 183 days/year.

That explains why nobody has already suggested South Dakota.

I read about the pros and cons of the Puerto-Rico deal here. Like you say, it's complicated.

https://cointelegraph.com/news/are-tax-moves-to-puerto-rico-worth-it-for-crypto-holders

I thought there was a tax in Puerto Rico has a 10.5% sales tax https://www.avalara.com/taxrates/en/state-rates/puerto-rico.html

https://en.m.wikipedia.org/wiki/Taxation_in_Puerto_Rico

Still confused about if/how or if you pay any Commenwealth Taxes or Provencial Taxes on top of the above.

[Biodom]

Sorry to distract ya'll from an apparent dick measuring contest...

What's your take on perpetual trusts?
Here is Guardian's:
https://www.theguardian.com/world/2019/nov/14/the-great-american-tax-haven-why-the-super-rich-love-south-dakota-trust-laws

I think that this would be relevant to bitcoin later on.
There are lots of "golden nuggets" in this article.
The main conclusion is that we might be changing the society by allowing perpetual trusts (details in the article).

This golden nugget is relevant to some US bitcoiners right now. How many will be moving to South Dakota before cashing out to avoid capital gains tax?

https://www.theguardian.com/world/2019/nov/14/the-great-american-tax-haven-why-the-super-rich-love-south-dakota-trust-laws

South Dakota has no income tax, no inheritance tax and no capital gains tax

The perpetual trusts thing seems a massive deal, and probably will be relevant to Bitcoin later on.

Well, hold your horses, there are still federal taxes, including capital gains tax. It's not written very clearly.
The only no cap gains tax for US citizens is the Puerto-Rico deal, but it is only until 2035 and only on cap gains AFTER you domesticated/moved your assets there.
Plus, you HAVE to reside there 183 days/year.

That explains why nobody has already suggested South Dakota.

I read about the pros and cons of the Puerto-Rico deal here. Like you say, it's complicated.

https://cointelegraph.com/news/are-tax-moves-to-puerto-rico-worth-it-for-crypto-holders

I thought there was a tax in Puerto Rico has a 10.5% sales tax https://www.avalara.com/taxrates/en/state-rates/puerto-rico.html

https://en.m.wikipedia.org/wiki/Taxation_in_Puerto_Rico

Still confused about if/how or if you pay any Commenwealth Taxes or Provencial Taxes on top of the above.

That's a very confusing article.
Maybe read this one instead:
https://prbusinesslink.com/act-22/

Personally, I am too lazy and set in my ways to uproot myself, but there are a bunch of youtube videos that describe the experience.

[alevlaslo]

Sell, wait for 3200 and then buy bitcoins. In altcoins there is no sense at all, bitcoin will screw everything if necessary: masternodes and instantsend from DASH, side chains and DEX from Komodo, a large block from BSV, smart contracts from BCH, etc. Altcoins are only needed for testing new technologies

[jojo69]

this sucks

[fillippone]

Hello WO gang!
Observing 8,471@stamp
All is good, 1BTC =1BTC

Look who entered the art contest!
https://bitcointalk.org/index.php?topic=5193860.msg53096814#msg53096814

[makrospex]

Hello WO gang!
Observing 8,471@stamp
All is good, 1BTC =1BTC

Look who entered the art contest!
https://bitcointalk.org/index.php?topic=5193860.msg53096814#msg53096814

Merited.
Hats off! 

[Cryptotourist]

Whats up Cryptotourist.

Can we have the old Lambie back now?

#

I was all-in on Bitcoin ~

~ and have lived to regret cashing them all out, way too soon.

#

(not that I sell any BTC from the hoard, but still as a spectator sport your BTC hoard vs USD worth it sucks)

Assuming you are referring to my stack, it does suck.
Not much fiat available to convert to BTC before the halving unfortunately.

#

Dick size does matter,
hodling a healthy BTC stack,
sex life guaranteed. #haiku

[vroom]

finally there is some volume. big pump incoming.

[Phil_S]

this sucks

nuh. this is fine.

[VB1001]

https://twitter.com/CryptoHornHairs/status/1195723177957167104

I still remember the exact moments of each of these stop runs on $BTC during 2017. Each turned out to be a turning point and end of a corrective period in the larger bull run.

I can't help but think we saw the exact same thing happen recently, just on the weekly chart.

We can continue like this +/- 8,500 and stay here until the end of the year or we can take off at any time, I prefer to think that we will take off soon.

The example of 2017 can happen again.

Hodl.

[serveria.com]

https://twitter.com/CryptoHornHairs/status/1195723177957167104

I still remember the exact moments of each of these stop runs on $BTC during 2017. Each turned out to be a turning point and end of a corrective period in the larger bull run.

I can't help but think we saw the exact same thing happen recently, just on the weekly chart.

We can continue like this +/- 8,500 and stay here until the end of the year or we can take off at any time, I prefer to think that we will take off soon.

The example of 2017 can happen again.

Hodl.

My prediction still stands. New ATH later this year (December). Go BTC go!

[JSRAW]

Molly? mimic? Harlem? wtf you all on about? stop speaking in riddles. clear and effective communication if you'd be so bloody kind.

In other grumbles, I am getting increasingly tired of William Dalrymple and his liberal whimperings. The conclusions are a spew of vicious socialism designed purely to skew the election. Just because these fuckers were regularly buggered up the arse by their monks doesn't mean they have to try and force their communist muddleheadedness down peoples' throats. JSRAW I suppose he's practically worshipped over there eh? Well

Dalrymple steers his conclusion toward a resonant denunciation of corporate rapacity and the governments that enable it. This story needs to be told, he writes, because imperialism persists, yet “it is not obviously apparent how a nation state can adequately protect itself and its citizens from corporate excess”. And it needs to be read to beat back the wilfully ignorant imperial nostalgia gaining ground in Britain and the poisonously distorted histories trafficked by Hindu nationalists in India. It needs to be read because with constitutional norms under threat in both countries, the defences seem more fragile than ever.

completely misses every point of importance ever.

His target audience are from West. Indians generally don't appreciate when any western historian tells us how bad was the Empire. after all We have first hand experience

About buzzwords Hindu nationalist and Distortion of history. India is old but for liberal historians India's history starts from Mughal Empire which ends with British. they don't want complete history because it doesn't suits their Narrative in India. Many portrays only lovey dovey picture of Islam in Indian subcontinent but in reality its brutal, filled with blood. if it wasn't for Hindus and later Sikhs, India could have turn into Islamist country long ago just like other nations and then there would be no such thing as constitution or other big words. India is fine as long as it has Hindu roots.

With 1000 years of long Islamic history in Indian subcontinent only couple of Mughals are celebrated in India and considered Indians not conqueror, it's another debate that they were ruthless but at least they didn't looted India. having said that We still have fair share of nut jobs who create problem and thinks Muhammad bin Qasim, Muhammad Ghori or Aurangjeb are their hero. Its like Chinese going into Yasukuni Shrine and paying respect, or I am saying British Empire and Churchill were my saviour and Jews admiring how effectively Hitler killed them.

 
One example of selective history from Liberal Mind. Same guardian article you quoted

As to the Battle of Plassey of 1757, which won the company control of Bengal and which generations of British schoolchildren would memorise as a glorious imperial victory, the real story was substantially more complicated. The volatile, widely disliked Nawab of Bengal, Siraj ud-Daula, had made an intractable enemy of Bengal’s Marwari bankers, the Jagat Seths, who saw better prospects in investing with the East India Company than supporting him. The Jagat Seths offered the company more than £4m (about a hundred times that in current terms, reckons Dalrymple) to unseat Siraj ud-Daula and install a compliant collaborator in his stead. Clive, who stood to make an immense personal fortune, gladly accepted. Plassey was in truth a “palace coup”, executed by a greedy opportunist, won by bribery and betrayal.

This article mentioned only one name and left out other Main conspirators. One "collaborator" was Mir Jafar who was the key person. just to give you example how important this details is, if you want to piss any one from Indian subcontinent (Indian, Paki, Bangladeshi) just say " you are Mir Jafar" they would lose their shit. But History is game of Narrative so not surprised how he left other names and connected the dot from Banker to corporate etc.

 

[VB1001]

1,000 new machines deployed since June

https://cointelegraph.com/news/bitcoin-atms-worldwide-hit-new-milestone-surpassing-6-000

[Phil_S]

I don't have much hopes for the rest of 2019, but maybe we'll get out of that cursed range by January.