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

[HairyMaclairy]

Bitcoin is like America.  The price will eventually do the right thing, after trying all other alternatives.

[HairyMaclairy]

I am thinking that the cost are the same after the halvening.

Only the new supply that comes out of that is reduced in half.

If costs are the same, and you get half BTC on average because the "new supply" is reduced in half, the mining cost per BTC effectively doubles.


* All other factors remaining equal, as stated before.

I would not characterize the end sum of the amount of reward as "cost," but instead profits per BTC that is reduced by half because of costs that remain the same and reward that is half.  Otherwise, I have already made my points regarding the matter.     Semantics, perhaps?

Jay you are hopelessly confusing revenue and profit

[bitserve]

I am thinking that the cost are the same after the halvening.

Only the new supply that comes out of that is reduced in half.

If costs are the same, and you get half BTC on average because the "new supply" is reduced in half, the mining cost per BTC effectively doubles.


* All other factors remaining equal, as stated before.

I would not characterize the end sum of the amount of reward as "cost," but instead profits per BTC that is reduced by half because of costs that remain the same and reward that is half.  Otherwise, I have already made my points regarding the matter.     Semantics, perhaps?

No. If we are talking about MINING COST PER BTC and after the halving you obtain HALF the BTC for the same total cost, the MINING COST *PER BTC* is effectively doubled.

What kind of really wicked semantics are you talking about? lol

[JayJuanGee]

I am thinking that the cost are the same after the halvening.

Only the new supply that comes out of that is reduced in half.

If costs are the same, and you get half BTC on average because the "new supply" is reduced in half, the mining cost per BTC effectively doubles.


* All other factors remaining equal, as stated before.

I would not characterize the end sum of the amount of reward as "cost," but instead profits per BTC that is reduced by half because of costs that remain the same and reward that is half.  Otherwise, I have already made my points regarding the matter.    Semantics, perhaps?

No. If we are talking about MINING COST PER BTC and after the halving you obtain HALF the BTC for the same total cost, the MINING COST *PER BTC* is effectively doubled.

What kind of really wicked semantics are you talking about? lol

I am sticking to my guns.  

@ hairy.  Ditto my above statement.  

Now.  Let's move to a topic that we can agree on.

 


We are all fucked if relying upon me for economic's clarity.   YMMV.   DYOR.  BTFD. 

[Globb0]

Do you agree you would have to do twice the work to achieve the same result?

[HairyMaclairy]

I would prefer not to work at all, frankly.

[JayJuanGee]

Do you agree you would have to work twice as hard to achieve the same result?

You are jumping in, too, Globb0?

I am just going to say:  "ditto" if anyone further attempts to interrogate me on this topic.  Otherwise, I agree with the working twice as hard part.  

Edit 1:  Look at ur lil selfie, Globb0....    Can't even properly attach a batman pic.       And, trying to lecture me on economical definitions.  

Edit 2:  Looks like you fixed your pic attachment issue.  So I take back my comments in Edit 1.  Bitserve (or maybe Mic?) probably sent you a PM to explain... hahahahahhaha

[El duderino_]

I have to rub my eyes I think.... Thursday and every other post is a JJG one??

 

[jojo69]

Jay you are hopelessly confusing

ftfy

[Globb0]

Do you agree you would have to work twice as hard to achieve the same result?

You are jumping in, too, Globb0?

I am just going to say:  "ditto" if anyone further attempts to interrogate me on this topic.  Otherwise, I agree with the working twice as hard part.  

Edit:  Look at ur lil selfie, Globb0....    Can't even properly attach a batman pic.       And, trying to lecture me on economics.   

Go on then, while you are there.

"How much alt coin diversification is needed? 0%?"

Can you cite any links or proof that this is the case? perhaps share a snap of your mystical future seeing crystal ball?

[whiteboy420]

47.0k BTCUSD long (valued at $337m) utilizing $124m USD margin.
BTCUSD longs costing $45k per day to #hodl.

7,475 BTCUSD shorts (valued at $54m) utilizing 6,268 BTC of margin.
BTCUSD shorts costing 0.558 BTC per day in fees.
84% of the shorts are fully collateralized.
 


Watch out guys.

We are at critical level.

If it breaks, we could insta dump very quickly - if you're long imo you should either put a stop, or manually baby-sit your position right now.

the next 24h are critical.

[Globb0]

[JayJuanGee]

Do you agree you would have to work twice as hard to achieve the same result?

You are jumping in, too, Globb0?

I am just going to say:  "ditto" if anyone further attempts to interrogate me on this topic.  Otherwise, I agree with the working twice as hard part.  

Edit:  Look at ur lil selfie, Globb0....    Can't even properly attach a batman pic.       And, trying to lecture me on economics.  

Go on then, while you are there.

"How much alt coin diversification is needed? 0%?"

Exactly!!!! We agree on something.

Can you cite any links or proof that this is the case? perhaps share a snap of your mystical future seeing crystal ball?

Actually, such statement is a maxim to live by, and no need for proof is required.  In other words, proof is optional.

Here is a snapshot of my crystal ball, and i am just going to forsake Opsec on this one occasion.  This one is for you, mic.  

I have to rub my eyes I think.... Thursday and every other post is a JJG one??

 

Stop rubbing your eyes, mic.  You are going to end up looking like the below-attached guy.  As you see: I already tried to warn Hueristic about playing around with his eyes.

Still Hodling with a small grimace.

Good.  Don't let your eye bugger out too much, it is not good for your health.

And you don't want your eyes to get stuck or to end up looking like this guy.

[El duderino_]

Saw that dude last evening in the new Star Wars, such moments makes my day

[JimboToronto]

I would prefer not to work at all, frankly.

Curse of the drinking class. 

[makrospex]

Saw that dude last evening in the new Star Wars, such moments makes my day

Admiral Ackbar in the new Star Wars movie?! 

[El duderino_]

Saw that dude last evening in the new Star Wars, such moments makes my day

Admiral Ackbar in the new Star Wars movie?! 

There are a few known appearances

Babu frik maybe is one of the most pleasant characters

[LUCKMCFLY]

This article is interesting about Tendencies and Opportunities of Bitcoin Taxation in the EU.

In the meantime, while it is absolutely possible to Live on Bitcoin in Europe, as Bitcoin Magazine’s Colin Harper did, the experience will be much more difficult, given the complexity and disparities between European tax systems, to meet the many reporting obligations that this lifestyle will generate.

Source: https://bitcoinmagazine.com/articles/bitcoin-taxation-eu-tendencies-opportunities

[bitserve]

This article is interesting about Tendencies and Opportunities of Bitcoin Taxation in the EU.

In the meantime, while it is absolutely possible to Live on Bitcoin in Europe, as Bitcoin Magazine’s Colin Harper did, the experience will be much more difficult, given the complexity and disparities between European tax systems, to meet the many reporting obligations that this lifestyle will generate.

Source: https://bitcoinmagazine.com/articles/bitcoin-taxation-eu-tendencies-opportunities

I think that map is wrong. Spain should be above 20% (21% to be precise for that figures). UK only between 0 and 10%? And.... Italy and Portugal 0%? Really?

Also, what's up with the hard to differentiate colours?

[fillippone]

Italy 0% because regulator still didn’t figure out how to tax bitcoins or other cryptos.
As soon they discover how to tax it: 23%.