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

[Lambie Slayer]

Lambie, I’m over 90% in the King.

I have my home & an apartment but if you don’t include them then I’m over 90% in bitcoin.

Well done sir.

[kurious]

Had a Gox notification that my claim is 'agreed'. 

Seems civil rehabilitation and bankruptcy proceedings are both running.  No news on when anything will be paid out, though.  Next creditors meeting in March.

Claimants should have had a confirmation mail - do check if you are involved.

[Hueristic]

Hmm Risto's trust page is a shitshow.

[P_Shep]

Had a Gox notification that my claim is 'agreed'. 

Seems civil rehabilitation and bankruptcy proceedings are both running.  No news on when anything will be paid out, though.  Next creditors meeting in March.

Claimants should have had a confirmation mail - do check if you are involved.

Hmm, not yet...

[Hyperjacked]

Had a Gox notification that my claim is 'agreed'. 

Seems civil rehabilitation and bankruptcy proceedings are both running.  No news on when anything will be paid out, though.  Next creditors meeting in March.

Claimants should have had a confirmation mail - do check if you are involved.

Hmm, not yet...

It's all bs... same old same old!

[P_Shep]

Had a Gox notification that my claim is 'agreed'. 

Seems civil rehabilitation and bankruptcy proceedings are both running.  No news on when anything will be paid out, though.  Next creditors meeting in March.

Claimants should have had a confirmation mail - do check if you are involved.

Had my amount agreed a long time ago though.

Just noticed a fairly significant OPSEC violation in the claims: Have access to all claims, names and amounts!

[bitserve]

Had a Gox notification that my claim is 'agreed'. 

Seems civil rehabilitation and bankruptcy proceedings are both running.  No news on when anything will be paid out, though.  Next creditors meeting in March.

Claimants should have had a confirmation mail - do check if you are involved.

Had my amount agreed a long time ago though.

Just noticed a fairly significant OPSEC violation in the claims: Have access to all claims, names and amounts!

That's not new. Several years ago the full list of claimants/claims was published by the trustee itself. It is ok considering it is standard procedure in bankruptcy proceedings.

[JayJuanGee]

Lambie, I’m over 90% in the King.

I have my home & an apartment but if you don’t include them then I’m over 90% in bitcoin.

There are a lot of ways to attempt to categorize how much value you have invested into bitcoin versus what is your investment (or quasi-investable assets).  You have a business too, right?  I understand that some investments are not very liquid, but I think that amongst the most accurate ways to calculate your investment into bitcoin as compared with other assets is to count them all, including your home and an apartment that you own and your business. 

Sure, sometimes, you might want to shave off some of the value of certain investments if they are either NOT very liquid or if they have some encumbrances, such as a co-owner who you may have to convince to liquidate, if you were to need to.

Another calculation might be to figure out how much money that you might have that you have already dedicated to BTC.  I tend to set money aside for BTC, but I don't necessarily spend it right away on BTC, but I instead plug it into my formula that has various categories.  Let's say that I have already projected that I have $200 extra in cash coming in in March, May, July and August, and I have $500 extra coming in April and June, so that has already been plugged into my anticipated cash available for bitcoin investments and it counts in my calculating of what I have available so it would be dedicated to DCA and buying on dips.  However, for some reason during that 6 month period, I receive an extra $900 that I had not expected.  The extra $900 would be divided into 3 to buy immediately with $300 and then the other two portions of $300 would each be plugged in for DCA and buying on dips, respectively.

Also, for me, personally, I have repeated almost a zillion times to that deaf-ass diptwat, lambie bambie, that I had targeted 10% as my initial investment amount that I had largely reached in late 2014 - yet we know what happened in 2015... (largely flat prices at the bottom), so DCA had pretty much caused my own allocation to end up going into the 13% territory... and then we also know what happened between late 2015 and late 2017, BTC did about a 78x price increase, and it still did not really bottom out below 12x (to preserve at least 12x), so I personally had already decided that personally I was not going to diversify out of BTC..... so fuck that diptwat deaf-ass hears what he wants to hear lambie bambie, and I don't need to disclose anymore of my particulars, even though I continue to recommend that starting considerations during injecting new value into BTC are likely good to be focusing on 1% to 10% as a starting guideline, and with bitcoin you largely do not need to leverage or to overdo anything in order to still have a large chance of getting rich as fuck from BTC... No need to gamble, leverage or jeopardize yourself in any kind of way in order to still become rich as fuck.   

[JayJuanGee]

Is Kraken any good?

fuck Kraken in their tentacled face

-froze our account with almost no notice

-ran us through pointless KYC hoops, "support" was clueless, might as well have been flipping burgers, did not seem to believe that mining was a real thing.

-after weeks of support circular logic and being trapped in trades now gone bad due to locked account they finally figured out that the reason was that they were dropping support for our jurisdiction...a major tech heavy US state.

lost a lot of money there

Did they simply took your money and just tell you to fuck off?? :-O

I was forced to convert the entire account to BTC at a significant loss in a tight timeframe to move it off the platform.

The timing of these events was...not good.

Had "support" not had their heads fully inserted and had told us what was up at the beginning I would have had weeks to trade out in an orderly fashion...but no.

Incompetence or malice?  With Kraken you get to take your pick.  tm


I have told the story several times here, so my apologies to anyone bored by its repetition, but this account is the only revenge I get in this situation.  I am never going to shut up about it.

Repetition has never stopped me.    

[JimboToronto]

I think BTC is going to rise.

Look a ghost!

Someone hacked Risto's account?

Hmm there's only one way to know for sure, lets wait to see if it starts shilling monero again

Most of the Monero OG crowd might prefer he didn't speak for the coin, he disappeared under a cloud.  Last I saw anything about him was when the castle burned down around the time of rumours he'd gone off the rails...

I don't think anyone's heard from him since his castle burned down. I was wondering if he's still alive.

As for going off the rails, he was always somewhat "colorful". Obviously didn't GAF about opsec. Arrogantly flamboyant.  

[bitserve]

Damn!

The law that forces everyone to report/declare any crypto holdings have been passed (not yet effective). Soon I will have to do it or risk never been able to convert to banking fiat in the future. Also HUGE fines for anyone that doesn't do it and it is later discovered.

I always knew this had to happen eventually as that is the most effective way of control against tax fraud and money laundering but I had hope that it would take a few more years.

The country is Spain, but I don't see any reasons for other countries not doing the same eventually.

[Vin]

Damn!

The law that forces everyone to report/declare any crypto holdings have been passed (not yet effective). Soon I will have to do it or risk never been able to convert to banking fiat in the future. Also HUGE fines for anyone that doesn't do it and it is later discovered.

I always knew this had to happen eventually as that is the most effective way of control against tax fraud and money laundering but I had hope that it would take a few more years.

The country is Spain, but I don't see any reasons for other countries not doing the same eventually.

Do you have a link?

[bitserve]

https://www.libremercado.com/2020-02-20/gobierno-criptomonedas-limite-bitcoiin-1276652560/

[Vin]

https://www.libremercado.com/2020-02-20/gobierno-criptomonedas-limite-bitcoiin-1276652560/

Thank you very much.
Not a good sign.

[bitserve]

https://www.libremercado.com/2020-02-20/gobierno-criptomonedas-limite-bitcoiin-1276652560/

Thank you very much.
Not a good sign.

Not at all. I am very pissed atm. But I knew that had to happen. I just thought crypto was still minor enough to not warrant that kind of new rules. I guess adoption is already reaching levels where they think they need to use the "tools" at their disposal.

Governments would never let everyone go and switch to a different kind of asset they can't control in some way. Making kind of "ilegal" to have "hidden assets" (unreported to them) they secure they can control the flow (and taxable events) of those.

Also, this is what happens when a radical left wing alliance takes over the government as it has happened in Spain: The horror.

Fucking communists.

[JayJuanGee]

I think BTC is going to rise.

Ohh wow no sh*t?    You should start offering some paid financial/investment advice ASAP.

Edit: didn't even notice who posted this   living legend!  

Edit 2: first time I see a donator badge... impressive..

Surely rpietila has had some of his days of fame in the forum, but he seemed to have had gone completely bonkers including a lot of drama and including scamming the fuck out of peeps.

Funny that he would want to show himself in these here parts.  Maybe he got some help?  Hopefully.  Maybe he could update us on what is going on in his life.  Some peeps had even speculated that he might no longer be alive after certain happenings, but then we had the burning of the castle drama, too.... so might be some opportunities to get updated on some of those matters, if we can take the possible drama.  Pray tell, rpietila.

I think BTC is going to rise.

oh   my   god

he seems well https://www.youtube.com/channel/UCWqPhofXxGG3CQ5P7DTvM7g

I should say, "oh my god," too.

I guess he is back into pumpening efforts, so yeah, he seems to be able to assemble some order, and surely he is not a dumb guy, even if he has burned a lot of bridges, already, in these here parts.

Accordingly, there are people looking for a leader, and he is looking to lead... ... so maybe it is all going to work out, like Ruja Ignatova.

[jojo69]

Had a Gox notification that my claim is 'agreed'. 

Seems civil rehabilitation and bankruptcy proceedings are both running.  No news on when anything will be paid out, though.  Next creditors meeting in March.

Claimants should have had a confirmation mail - do check if you are involved.

Had my amount agreed a long time ago though.

Just noticed a fairly significant OPSEC violation in the claims: Have access to all claims, names and amounts!

brilliant

[Hueristic]

https://www.libremercado.com/2020-02-20/gobierno-criptomonedas-limite-bitcoiin-1276652560/

Thank you very much.
Not a good sign.

Not at all. I am very pissed atm. But I knew that had to happen. I just thought crypto was still minor enough to not warrant that kind of new rules. I guess adoption is already reaching levels where they think they need to use the "tools" at their disposal.

Governments would never let everyone go and switch to a different kind of asset they can't control in some way. Making kind of "ilegal" to have "hidden assets" (unreported to them) they secure they can control the flow (and taxable events) of those.

Also, this is what happens when a radical left wing alliance takes over the government as it has happened in Spain: The horror.

Fucking communists.

That is why we need the infrastructure in place to bypass them completely.


Working with institutions is only going to lead to more of the same.

[bitserve]

https://www.libremercado.com/2020-02-20/gobierno-criptomonedas-limite-bitcoiin-1276652560/

Thank you very much.
Not a good sign.

Not at all. I am very pissed atm. But I knew that had to happen. I just thought crypto was still minor enough to not warrant that kind of new rules. I guess adoption is already reaching levels where they think they need to use the "tools" at their disposal.

Governments would never let everyone go and switch to a different kind of asset they can't control in some way. Making kind of "ilegal" to have "hidden assets" (unreported to them) they secure they can control the flow (and taxable events) of those.

Also, this is what happens when a radical left wing alliance takes over the government as it has happened in Spain: The horror.

Fucking communists.

That is why we need the infrastructure in place to bypass them completely.


Working with institutions is only going to lead to more of the same.

Bypass governments? Near 100% habitable land on earth is already government controlled. At the most you can choose which one do you prefer to live under...

[Icygreen]

Just got an email from Trezor with a link to their halving blog which mostly shits on PlanBTC stock to flow model.  I've always considered the S2F strong hopium for hodlers so nothing new but nice to get level-headed approach to alternative narratives.


TLDR, S2F model shows scarcity, not demand. Price and demand historically goes up with each supply halving, how much this time, still nobody knows.