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

[Paashaas]

Coronavirus Cases: 7,142,910. Deaths: 407,326. Recovered: 3,484,678.

- The world just reported more than 136,000 cases in a singel day, its highest number so far.

- 2m total cases in the U.S.

- Morocco extends lockdown after new outbreak in Marrakesh.

- Poland has ordered the temporary closure of 12 coalmines after a major outbreak among miners.

- Sweden recorded three consecutive days of over 1,000 new cases.

- Brazil reported a record number of daily deaths, overtakes Italy to become third highest worldwide.

- Mexico sees deaths twice as high as previous record.

- Argentina extends lockdown.

- South Africa sees record rise in cases.

- Brazil stops releasing Covid 19 death toll and wipes data from official site after soaring deaths.

- Suriname goes into total lockdown. Dutch ABC islands (Aruba/Bonaire/Curaçao) not effected.

- Turkey announces weekend lockdown in 15 cities.

- Pakistan reports record jump in cases.

- Concerns are growing about the true extent of the Coronavirus outbreak in Afghanistan.

- Iran reaches new peak in virus transmission.

- Hospitals collapsed in Armenia they can no longer cope with the number of patients.

- Guatemala president to work remotely after 18 staff get Coronavirus.

- Thousands of Dutch Covid 19 patients likely have permanent lung damage, some of them are out of breath after walking few meters.

- Japan's household spending falls at record pace as virus stalls economy.

- New Zealand lifts all social and economic restrictions except border controls after declaring it is free of the virus.

           

[Torque]

The U.S. stock market so divorced from underlying fundamentals it's not even funny anymore.

I guess the difference between the two lines is "inflation"? Looks scary.

"Asset price inflation". Aka "Minsky Melt-up".

"This surge in asset prices will benefit a small minority of wealthy Americans and actively harm the vast majority via costs of living surging versus significant unemployment, flat wages, and eventually goods and services inflation."

[Xian01]

I raise you.

[Icygreen]

I'm shorting BTC for the first time in my life.
Sorry guys  

This chart is very likely. Still bullish AF in the long run:

Happened upon this gold nugget with a miss-click.
Bitcoin still surprising the majority. HODL


Noticing traditional markets are punching new ATH's lately. AAPL, TSLA etc.  That environment scares me.
Suspect that BTC will ultimately follow the trend created by the free FED dollars.

I voted 0%
Reason being is that I fully intend on not returning to traditional finance with my BTC value but likely rather diversify with it into real estate or other hard assets when the opportunities are greater.  I also do not want to believe the narrative that BTC will enter another boom bust cycle like that of 2017-18 where everyone will pile on in expectation of the same outcome.
I think the next cycle in BTC will be much smarter, stable money with a plan.  For these reasons, I expect HODL to outperform a sell/buyback strategy.

[rdbase]

~oh snap~

I raise you.

Isn't it weird in germany and england they were saying george floyd's name.

During his dying words he called out to his mother and just we all realized she had died two years ago.
This is quite sad to hear after all that has transpired during the past two weeks with all the rioting and shit going on within this storm of chaos.


- link not working click the one below
https://giphy.com/gifs/racism-aKAO3vVu4jRDi

[Ibian]

Government over-reach again. Or perhaps under-reach, depends how they go about it.

As long as it is strictly advisory it's fine. We have those in denmark too and nobody is going to come running if you stand a little too close to someone. Hand sanitizers are in every major store and I never use them, never even got a sideways look for that. Let people choose and things will work out.

Umm yeah, you need to reread this.

Yeah, funny. People keep getting dumber including in government. Still stands.

[Indymoney]

Government over-reach again. Or perhaps under-reach, depends how they go about it.

As long as it is strictly advisory it's fine. We have those in denmark too and nobody is going to come running if you stand a little too close to someone. Hand sanitizers are in every major store and I never use them, never even got a sideways look for that. Let people choose and things will work out.

Umm yeah, you need to reread this.

Yeah, funny. People keep getting dumber including in government. Still stands.

These type dumbers available in every country we also have many and they are doing good job for this all

[JayJuanGee]

That's some strong ass hopium.

I'll throw this out there too, from AnonyMint:

Don't you just love all these guys that rage quit BTC for some shitcoin fork(ABC, BCH, BSV), but still deeply care about Bitcoin's future price development?

I personally don't consider it a good idea to be forwarding the messages of banned members..  call me a prude.

[Elwar]

Pay off most things like mortgage and be a free man... let the rest mature further

Nothing free about having to pay taxes.

New poll suggestion. Do you say yes or no to the taxman? Is it better to be a slave or a prisoner?

I keep my capital gains under the level required to have a tax rate of 0%. It used to be $35k which was fine living in Thailand. Now I am married so that is now just over $70k. Plenty of income for me per year. It's fairly cheap living here in Panama.

Speaking of, we are considering eventually moving to somewhere in the US. Does anyone know of which state has the lowest/almost zero property taxes?

[Torque]

Pay off most things like mortgage and be a free man... let the rest mature further

Nothing free about having to pay taxes.

New poll suggestion. Do you say yes or no to the taxman? Is it better to be a slave or a prisoner?

I keep my capital gains under the level required to have a tax rate of 0%. It used to be $35k which was fine living in Thailand. Now I am married so that is now just over $70k. Plenty of income for me per year. It's fairly cheap living here in Panama.

Speaking of, we are considering eventually moving to somewhere in the US. Does anyone know of which state has the lowest/almost zero property taxes?

Hawaii, but then you have to deal with the volcano situation.

I'd look at southern states like Alabama, Louisiana, or Tennessee. Maybe Utah as well, they are fairly pro-Libertarian.

[Toxic2040]

Pay off most things like mortgage and be a free man... let the rest mature further

Nothing free about having to pay taxes.

New poll suggestion. Do you say yes or no to the taxman? Is it better to be a slave or a prisoner?

I keep my capital gains under the level required to have a tax rate of 0%. It used to be $35k which was fine living in Thailand. Now I am married so that is now just over $70k. Plenty of income for me per year. It's fairly cheap living here in Panama.

Speaking of, we are considering eventually moving to somewhere in the US. Does anyone know of which state has the lowest/almost zero property taxes?

Hawaii, but then you have to deal with the volcano situation.

I'd look at southern states like Alabama, Louisiana, or Tennessee.

 

https://wallethub.com/edu/states-with-the-highest-and-lowest-property-taxes/11585/

[Biodom]

Pay off most things like mortgage and be a free man... let the rest mature further

Nothing free about having to pay taxes.

New poll suggestion. Do you say yes or no to the taxman? Is it better to be a slave or a prisoner?

I keep my capital gains under the level required to have a tax rate of 0%. It used to be $35k which was fine living in Thailand. Now I am married so that is now just over $70k. Plenty of income for me per year. It's fairly cheap living here in Panama.

Speaking of, we are considering eventually moving to somewhere in the US. Does anyone know of which state has the lowest/almost zero property taxes?

Hawaii, but then you have to deal with the volcano situation.

I'd look at southern states like Alabama, Louisiana, or Tennessee.

 

https://wallethub.com/edu/states-with-the-highest-and-lowest-property-taxes/11585/

I think that the best combo (as far as taxation levels) is Wyoming with 0.61% RE tax, but NO state tax.
Louisiana and Alabama both have slightly lower RE tax, but a hefty state tax.
https://www.thebalance.com/state-income-tax-rates-3193320

However, if given a choice, for me it would be either Hawaii, Colorado or Washington/Oregon. I don't mind paying a bit for beautiful nature and/or access to water.
Re Hawaii: I have been on Maui when volcano was erupting on the big island. I felt nothing on the west side of Maui. One thing for sure: if you are interested in in RE investment income, then Hawaii is the place to buy RE (even if it is expensive there). There always be tourists paying good money to rent once the current craziness passes.

[Toxic2040]

Pay off most things like mortgage and be a free man... let the rest mature further

Nothing free about having to pay taxes.

New poll suggestion. Do you say yes or no to the taxman? Is it better to be a slave or a prisoner?

I keep my capital gains under the level required to have a tax rate of 0%. It used to be $35k which was fine living in Thailand. Now I am married so that is now just over $70k. Plenty of income for me per year. It's fairly cheap living here in Panama.

Speaking of, we are considering eventually moving to somewhere in the US. Does anyone know of which state has the lowest/almost zero property taxes?

Hawaii, but then you have to deal with the volcano situation.

I'd look at southern states like Alabama, Louisiana, or Tennessee.

 

https://wallethub.com/edu/states-with-the-highest-and-lowest-property-taxes/11585/

I think that the best combo is Wyoming with 0.61% RE tax, but NO state tax.
Louisiana and Alabama both have slightly lower RE tax, but a hefty state tax.
https://www.thebalance.com/state-income-tax-rates-3193320

valid point..saving a few bucks on property taxes and then get eaten alive on a sales tax or state income tax...they seem to have the game sufficiently rigged no matter where you go...

this aggression will not stand man

[Arriemoller]

Government over-reach again. Or perhaps under-reach, depends how they go about it.

As long as it is strictly advisory it's fine. We have those in denmark too and nobody is going to come running if you stand a little too close to someone. Hand sanitizers are in every major store and I never use them, never even got a sideways look for that. Let people choose and things will work out.

Ibian, it's a joke, it says pubic instead of public.

[JimboToronto]

Good afternoon Bitcoinland. Finally got some internet connectivity after an outage of almost 2 days. The trouble I had connecting to some sites that I posted about 2 days ago was just the start of a total breakdown. No internet means no contact with the outside world here. Thank gawd for large MP4/DivX collections on external SSDs. Thank you Bittorrent.

As it is, I didn't miss much in the world of Bitcoin. After a bit of bouncing, we're still in the mid-$9xxx range... currently $9708USD (Stamp). Can't quote Bitcoinaverage because it's one of the sites I still can't connect to.

Go Bitcoin go.

Jimbo is a boomer. He complains about being lumped in with those "other" boomers of a slightly different age, yet says not a word about the taxes they have imposed on all of us. Boomers are inherently narcissistic. Look elsewhere for answers.

Lawl. Which taxes exactly did boomers "impose on all of us"? The most evil of taxes, income tax, is centuries old in Britain. Even in the USA, the 16th Amendment is over a century old. The free government spending of the New Deal started long before the boomers were born. Boomers are victims just like everyone else since.

As for boomers being narcissistic, look who's talking. Boomers aren't the ones referred to as "snowflakes".

Boomers were about change: civil rights, the sexual revolution, the peace movement, the counterculture, rebelling against the military industrial complex, etc.

Look elsewhere for scapegoats.

[Arriemoller]

Coronavirus Cases: 7,142,910. Deaths: 407,326. Recovered: 3,484,678.

- The world just reported more than 136,000 cases in a singel day, its highest number so far.

- 2m total cases in the U.S.

- Morocco extends lockdown after new outbreak in Marrakesh.

- Poland has ordered the temporary closure of 12 coalmines after a major outbreak among miners.

- Sweden recorded three consecutive days of over 1,000 new cases.

- Brazil reported a record number of daily deaths, overtakes Italy to become third highest worldwide.

- Mexico sees deaths twice as high as previous record.

- Argentina extends lockdown.

- South Africa sees record rise in cases.

- Brazil stops releasing Covid 19 death toll and wipes data from official site after soaring deaths.

- Suriname goes into total lockdown. Dutch ABC islands (Aruba/Bonaire/Curaçao) not effected.

- Turkey announces weekend lockdown in 15 cities.

- Pakistan reports record jump in cases.

- Concerns are growing about the true extent of the Coronavirus outbreak in Afghanistan.

- Iran reaches new peak in virus transmission.

- Hospitals collapsed in Armenia they can no longer cope with the number of patients.

- Guatemala president to work remotely after 18 staff get Coronavirus.

- Thousands of Dutch Covid 19 patients likely have permanent lung damage, some of them are out of breath after walking few meters.

- Japan's household spending falls at record pace as virus stalls economy.

- New Zealand lifts all social and economic restrictions except border controls after declaring it is free of the virus.

           

The rise in Sweden is due to more extensive testing, some of those who went untested before are no being tested.

[Torque]

Jimbo is a boomer. He complains about being lumped in with those "other" boomers of a slightly different age, yet says not a word about the taxes they have imposed on all of us. Boomers are inherently narcissistic. Look elsewhere for answers.

Lawl. Which taxes exactly did boomers "impose on all of us"? The most evil of taxes, income tax, is centuries old in Britain. Even in the USA, the 16th Amendment is over a century old. The free government spending of the New Deal started long before the boomers were born. Boomers are victims just like everyone else since.

As for boomers being narcissistic, look who's talking. Boomers aren't the ones referred to as "snowflakes".

Boomers were about change: civil rights, the sexual revolution, the peace movement, the counterculture, rebelling against the military industrial complex, etc.

Look elsewhere for scapegoats.

Not to mention, the vast majority of Boomers I have met in my lifetime said that they voted against the raising of taxes (through parties or reps) at every step in their lives. But with such a corrupt political system, they were going to go up regardless.

[Ibian]

Good afternoon Bitcoinland. Finally got some internet connectivity after an outage of almost 2 days. The trouble I had connecting to some sites that I posted about 2 days ago was just the start of a total breakdown. No internet means no contact with the outside world here. Thank gawd for large MP4/DivX collections on external SSDs. Thank you Bittorrent.

As it is, I didn't miss much in the world of Bitcoin. After a bit of bouncing, we're still in the mid-$9xxx range... currently $9708USD (Stamp). Can't quote Bitcoinaverage because it's one of the sites I still can't connect to.

Go Bitcoin go.

Jimbo is a boomer. He complains about being lumped in with those "other" boomers of a slightly different age, yet says not a word about the taxes they have imposed on all of us. Boomers are inherently narcissistic. Look elsewhere for answers.

Lawl. Which taxes exactly did boomers "impose on all of us"? The most evil of taxes, income tax, is centuries old in Britain. Even in the USA, the 16th Amendment is over a century old. The free government spending of the New Deal started long before the boomers were born. Boomers are victims just like everyone else since.

As for boomers being narcissistic, look who's talking. Boomers aren't the ones referred to as "snowflakes".

Boomers were about change: civil rights, the sexual revolution, the peace movement, the counterculture, rebelling against the military industrial complex, etc.

Look elsewhere for scapegoats.

The welfare state. And the fact that your only defense is "lawl" just further reinforces things.

[Ibian]

Jimbo is a boomer. He complains about being lumped in with those "other" boomers of a slightly different age, yet says not a word about the taxes they have imposed on all of us. Boomers are inherently narcissistic. Look elsewhere for answers.

Lawl. Which taxes exactly did boomers "impose on all of us"? The most evil of taxes, income tax, is centuries old in Britain. Even in the USA, the 16th Amendment is over a century old. The free government spending of the New Deal started long before the boomers were born. Boomers are victims just like everyone else since.

As for boomers being narcissistic, look who's talking. Boomers aren't the ones referred to as "snowflakes".

Boomers were about change: civil rights, the sexual revolution, the peace movement, the counterculture, rebelling against the military industrial complex, etc.

Look elsewhere for scapegoats.

Not to mention, the vast majority of Boomers I have met in my lifetime said that they voted against the raising of taxes (through parties or reps) at every step in their lives. But with such a corrupt political system, they were going to go up regardless.

Then you have not met the vast majority of boomers. Either that, or voting actually does not matter.

Edit: Or they are just lying. That's one of the defining characteristics of narcissists, incidentally.

[Biodom]

Nasdaq 10K maybe tomorrow, what craziness is that?