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

[Paashaas]

Taproot upgrade is now supported by 25% of the network hash power. Supported so far by Pooling, Slush pool and Btccom.

F2Pool + AntPool joined the party making around 56% of the hashrate.

Getting consensus for Taproot should go smooth.

[philipma1957]

How can it be considered wiser to rent from an individual owner as opposed to 'renting' from the bank - you'd be obliged to either one and both could theoretically kick you out for non-payment.

How about, um, owning your own home?  As in:  Free and clear.

What a nice society you have:  The “American dream” of home ownership is truly dead, out of reach and unthinkable to the overwhelming majority of Americans.  It has been replaced by an illusion based on a false dichotomy between renting from the bank via an intermediary “landlord” who rents from a bank, and renting directly from the bank.

The banks own everything!  You are so immersed in debt culture based on debt-“backed” money and total submission to the banks, you cannot even see what is wrong with your proposition.

Bitcoin, and home ownership:  Be your own bank.  Be the king of your castle.

"The Times 03/Jan/2009 Chancellor on brink of second bailout for banks"
😼 Bitcoin Core (onion)

Don’t get me started on the rents known as “property taxes”.  Are you even aware of how recent a development that is in the United States?
See also:

Historically, besides heritable class status, the single most effective guarantor of voter quality was a real property ownership requirement.  [...]

Naturally, I think that such a requirement must logically exclude mortgaged properties, which (especially in today’s society) are effectively rented from the bank.

Well my wife and I own our home "free and clear".
But we have to pay property taxes on the mofo. 
So a mortgage free home is nice but not as free and clear as one may think.

With covid-19 and my home state pretty much tapped out I am sure property taxes will 2x in under 10 years. 

So go btc go!

[friends1980]

How can it be considered wiser to rent from an individual owner as opposed to 'renting' from the bank - you'd be obliged to either one and both could theoretically kick you out for non-payment.

How about, um, owning your own home?  As in:  Free and clear.

What a nice society you have:  The “American dream” of home ownership is truly dead, out of reach and unthinkable to the overwhelming majority of Americans.  It has been replaced by an illusion based on a false dichotomy between renting from the bank via an intermediary “landlord” who rents from a bank, and renting directly from the bank.

The banks own everything!  You are so immersed in debt culture based on debt-“backed” money and total submission to the banks, you cannot even see what is wrong with your proposition.

Bitcoin, and home ownership:  Be your own bank.  Be the king of your castle.

"The Times 03/Jan/2009 Chancellor on brink of second bailout for banks"
😼 Bitcoin Core (onion)

Don’t get me started on the rents known as “property taxes”.  Are you even aware of how recent a development that is in the United States?
See also:

Historically, besides heritable class status, the single most effective guarantor of voter quality was a real property ownership requirement.  [...]

Naturally, I think that such a requirement must logically exclude mortgaged properties, which (especially in today’s society) are effectively rented from the bank.

Well my wife and I own our home "free and clear".
But we have to pay property taxes on the mofo. 
So a mortgage free home is nice but not as free and clear as one may think.

With covid-19 and my home state pretty much tapped out I am sure property taxes will 2x in under 10 years. 

So go btc go!

If you have enough on the side to not have to work any more, is anything keeping you from moving to a country where there's no or lower property tax? Friends, family, children maybe? If not, I wouldn't hesitate, mate.

[savetherainforest]

But after it goes over 1 million $ . How will we consider the US dollar or mostly the traditional fiat currencies as viable comparison measure??              

[aesma]

Good feeling with the price these days. And I wouldn't mind a crash either, my buy orders are ready. If it got to this price twice it will go to it again anyway. I feel 4 digits is less and less likely to happen though, oh well, my bag will be big enough when 1 coin = millions of $ :d

About houses, I'm still looking, just found one that checks a number of boxes for me, aside from the price which is a bit above what I wanted, but I guess I can cancel some of the buy orders and add that fiat to the house if it's worth it.

I don't mind having to borrow money to a bank for it, after all it's just fiat. It could very well be worth much less in a few years, then paying it back would be that much easier. The mortgage repayment wouldn't be too high, less than minimum wage. I'd only borrow about half of the value of the house, so impossible to get upside down (at least here, where real estate never really crashes, at worst it goes down a bit). Also my brother is a banker :d And a far leftist, go figure.

Property taxes, that's another issue, they're not new here in France. There are two kinds in fact, one you pay because you live somewhere, even if you rent, one you pay because you own some place. The first one is being abolished, with other taxes supposedly covering the lost income, in practice there are fears it will mean the tax for owners will go up. Anyway the house I'm looking at would cost me more in property tax than what I pay in income tax, not great. At least it would cover the needs for a "second home", as it's basically a second home already (and was built as one), with a big park around, fireplaces, a view, no neighbours... My parents own two houses and the costs are staggering, even though the houses themselves weren't that expensive (and in good shape).

[cygan]

i can see that we will see the ath soon and arrive at least 25k USD by the end of the year
or does someone find my glass ball too shabby?

[BobLawblaw]

[aesma]

BobLawblaw : is that a meme ?

I also wanted to say that this signature campaign stuff is feeling like real work. But it's also paying OK, adding to my bag. One day I might say I was paid X000$ a week to do this... Not even talking about chipmixer's campaign, some participants must have been paid several coins by now.

[AlcoHoDL]

https://youtu.be/6jJkdRaa04g

[cAPSLOCK]

LOL, elite bankers will be on here soon with newb accounts calling anyone a Beartard who thinks the moon is less than 200k. 

I think any hats Homer makes them should be pointy.

[FullNode]

Support for Bitcoin’s Taproot Upgrade Surges to 45%
Bitcoin miners are signaling that they support the Taproot upgrade, which aims to boost privacy and efficiency.
Nov 19, 2020
Bitcoin mining pool F2Pool supports the Taproot upgrade proposal.
As a result, the upgrade is now supported by 45% of the blockchain's hash power.
Once activated, Taproot should improve the privacy and efficiency of Bitcoin transactions.

https://decrypt.co/48844/support-for-bitcoins-taproot-upgrade-surges-to-45

[Torque]

How can it be considered wiser to rent from an individual owner as opposed to 'renting' from the bank - you'd be obliged to either one and both could theoretically kick you out for non-payment.

How about, um, owning your own home?  As in:  Free and clear.

What a nice society you have:  The “American dream” of home ownership is truly dead, out of reach and unthinkable to the overwhelming majority of Americans.  It has been replaced by an illusion based on a false dichotomy between renting from the bank via an intermediary “landlord” who rents from a bank, and renting directly from the bank.

The banks own everything!  You are so immersed in debt culture based on debt-“backed” money and total submission to the banks, you cannot even see what is wrong with your proposition.

Bitcoin, and home ownership:  Be your own bank.  Be the king of your castle.

In 2018 I had no choice, I was in a situation where I needed to acquire a house asap. My plan was to get a mortgage, sell only enough btc for a down payment, and let the rest ride. Then I would hodl my btc until it appreciated years later and eventually would pay off the loan early.

The problem I ran into was that a) in 2018 bitcoin value was falling rapidly, and b) the bank would not certify me for a "jumbo loan" which would have been required to buy the house + the land **. So reluctantly I had to sell enough btc to buy the property outright. Which ended up being a smart move overall, but cost me a big chunk of my total bitcoin. The price of bitcoin is obviously now higher than when I had to sell, so that really sucks.

I will say though, owning your house outright does feel good, especially when it is your "forever home" that you plan to live in until you die. The only costs are the property taxes (extremely low where I live) and the monthly bills.

Edit: ** Oh, you guys may also find this interesting. When I broached the bank to use my bitcoin as collateral for the loan, they still didn't know what it was. I had to explain it to them, and still I couldn't use it as collateral. Lol. I'm sure that will be changing very soon.  

[eXPHorizon]

Have i been talking to walls the past 3 years? Or just Baby boomers? Im out of this bs, anyone sent me  PM when they will wanna give me my Coins back or finance some real skill. Peace

T _ _    C _ N T O N _ A N _

Would I love to see BTC go to $100, just to see how PayPal would shit their pants with their IOUs.
(also, I'd probably buy some more)

Not cool.

Look , Deal with it.. no matter how many fish in the sea it just feels so empty without me . I think you are aware that i could make this Puppy hype like never before. Probably the only one.
P.S : When will your Country pay the Debt it owes to us? :p

Jayoboy i did more than your brain can comprehend. I am aware what you want

I am simply asking , Nicely,  for the Belongings to be returned to their rightful owner.  

[JimboToronto]

Good morning Bitcoinland.

The battle for $18k continues... currently $17988USD/$23555CAD (Bitcoinaverage).

Coiling. Go Bitcoin go.

Well my wife and I own our home "free and clear".
But we have to pay property taxes on the mofo. 
So a mortgage free home is nice but not as free and clear as one may think.

Also the government can expropriate your land even if you've faithfully paid your rent taxes and give you only what they arbitrarily decide it's worth.

Home "ownership"? Lawl.

[vapourminer]

The battle for $18k continues... currently $17988USD/$23555CAD (Bitcoinaverage).

checked just now at coinbase (ya i know) and it was at exactly 18,000. by the time i screen shotted it it was 18,035

guess ill try my snooze button again, this time hopefully at 19k

edit: now 17,985

stupid snooze button

[xhomerx10]

How can it be considered wiser to rent from an individual owner as opposed to 'renting' from the bank - you'd be obliged to either one and both could theoretically kick you out for non-payment.

How about, um, owning your own home?  As in:  Free and clear.

What a nice society you have:  The “American dream” of home ownership is truly dead, out of reach and unthinkable to the overwhelming majority of Americans.  It has been replaced by an illusion based on a false dichotomy between renting from the bank via an intermediary “landlord” who rents from a bank, and renting directly from the bank.

The banks own everything!  You are so immersed in debt culture based on debt-“backed” money and total submission to the banks, you cannot even see what is wrong with your proposition.

Bitcoin, and home ownership:  Be your own bank.  Be the king of your castle.

"The Times 03/Jan/2009 Chancellor on brink of second bailout for banks"
😼 Bitcoin Core (onion)

Don’t get me started on the rents known as “property taxes”.  Are you even aware of how recent a development that is in the United States?
See also:

Historically, besides heritable class status, the single most effective guarantor of voter quality was a real property ownership requirement.  [...]

Naturally, I think that such a requirement must logically exclude mortgaged properties, which (especially in today’s society) are effectively rented from the bank.

 Nearly everyone in this world would love to own their home 'free and clear'!  I'm not sure of your intended audience in this thread but I'm sure that your preaching to a choir of Bitcoin hodlers is a pointless exercise; I imagine none of us will have been enlightened.

  The 'American Dream' has little or nothing to do with simple home ownership.  Did you purposely reduce it to such an inane concept or was that comically unintentional?  In fact, the 'American Dream' has little or nothing to do with material prosperity. The American Dream (at the very least) is that anyone, regardless of their present status in life, can realize their aspirations with hard work, passion and dedication; even if you think the system is rigged in favour of others, with the right attitude and dedication, that indignation alone might be all that's needed to spur you to success.
Don't go all Nietzsche on my ass; I did not mention "pursuit of happiness".

Americans stereotypically have a total lack of perspective which is both tragic, and unintentionally comical.

 Should we still rejoice when Bitcoin's valuation improves as compared to the same American Dollar used by those totally, stereotypically-perspective-lacking fucks?

 ▲rhetorical question▲

[Cryptotourist]

Look , Deal with it..

I am.

no matter how many fish in the sea it just feels so empty without me .

Wut, you're an amoeba now? Lowlife was fine.

I think you are aware that i could make this Puppy hype like never before.

Let's get this straight. You can't do shit. Epic fail all around.

Probably the only one.

Yeah, fuck off, you lying bitch.

Jayoboy i did more than your brain can comprehend. I am aware what you want

Yet, I do know what you want:

I am simply asking , Nicely,  for the Belongings to be returned to their rightful owner. 

Plot twist? Don't answer that, we don't want to know.

[cAPSLOCK]

What is this?  A dump for ants?

[dragonvslinux]

What is this?  A dump for ants?

Doesn't look like a dump to me, more like consolidation on lower time-frames. A bull flag within a bull flag is still very bullish imo.



We're building up some good volume support around $17.7K. Even a move back down to $17.2K would remain bullish for me.

[STT]

I concur

Bob great chart but I want that chart to continue the Nasdaq till present day because stocks especially large cap tech might relate to BTC really.    I have a relative who has a tech fund from the duration of that chart prior to century end and it went from initial issue mid nineties to now over 32x

I think Tone Vays is calling for a pullback going into Thanksgiving holiday but I dont see why one holiday in one area of the world should be that important, he says its a sell without that pullback.    We're resumed above the 2 day average once again, momentum of a freight train tbh.