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

[fillippone]

Where is the compulsory WO hand sign?


New toy/tool:

Bitcoin Supply - Visualized

[1713472289]

1713472289

[1713472289]

1713472289

[1713472289]

1713472289

[Toxic2040]

https://www.theguardian.com/film/2020/nov/29/darth-vader--dave-prowse-dies-aged-85


RIP Darth Vader




By day a Sith Lord
in the night, Green Dildo Man
who woulda thunk it

#haiku


------

In other news..


Bitcoin is trading above $18k again.

#dyor

1h


4h

#stronghands

[Phil_S]

SMA 100 days.  

Pretty... whatever they are... mountain lakes?

We've got out of the water appox. 6 months after halving day, just like the last time. I'll take it as another good sign that we're on track.  

[Wekkel]

Continued messages from the fringe that the money printing won't stop in 2021 (to the contrary).

Translation: buy everything ahead of an unprecedented dollar devaluation orgy.

2021 is gonna be a beautiful Bitcoin year.

Edit: some more words on the Guggenheim story.

[lightfoot]

Well my kid and I finally found a bitcoin ATM worth using. The first one we went to wasn't buying BTC (boo!) and was selling at 22,000 (BTC 18100). The second one was 21,000/17200 buy, and the third one (a really simple thing) was selling bitcoin at 19,100.

So the kid bought $200 of bitcoins (just a bitpenny. Wow) and I picked up $20 of LTC myself (why not!). So at least we have somewhere that is moderately rational to buy if needed.

When I decide to sell I think I'll just get a BTC machine, stick it outside my house, and sell with a $5,000 spread. People apparently will pay it, go figure.

[DaRude]

I'm worried about my local banks more actually. As a transation of ~$10k USD/EUR raises a huge red flag for almost any bank. Get ready for the questions they're going to ask. Although I have heard that UK banks are somewhat more tolerant (or simply have higher red flag limits?).

10k USD definitely raises flags at banks in the USA. so i actually try to keep withdrawals to exactly 10k or more. i dont want to be accused of trying to slide under that.. forget what the term is (laddering? but that doesnt sound right) but its a red flag thing for sure.

and my bank never blinked an eye at my amounts for years. i did get a call from my banks due diligence dept in the last few months asking what i used coinbase for and if i sent anything from coinbase out of the country (investment and no were the answers).

Structuring is the practice of conducting financial transactions in a specific pattern calculated to avoid the creation of certain records and reports required by the Bank Secrecy Act (BSA) and/or IRC 6050I, Returns relating to cash received in trade or business, etc. (Form 8300, Report of Cash Payments Over $10,000 Received in a Trade or Business)

https://www.irs.gov/irm/part4/irm_04-026-013

[vapourminer]

I thought you had to goto your bank when they closed your account?

Damn my memory I wonder who that was now.

nope never had any issue with coinbase and had one phone call from the bank.

JJG had coinbase close his account and had to sort stuff out with them. i thought someone else too.

and memory... whats that? i cant even remember where my bong is.

edit: although i think JJG mentioned he thought he and i were the same person, or something along those lines. so theres that

edit 2 yes JJG  had some issues at coinbase
https://bitcointalk.org/index.php?topic=178336.msg55711222#msg55711222

and you merited the post too lol. so.. wheres your bong?   

[DaRude]

It's one thing to play by the rules and report to IRS which is required, but it's a different ball game to actively sell tracking software to governments, why are you funding this again?

Use gemini at least the Winterfloss twins are pro bitcoin

im still there simply because of how long ive used it (in 2013 there wasnt much to choose from that was legit in the eyes of the land of the free) and ive run life changing amounts through them with zero issues. only exchange i havent had issues with tbh and ive used a few.

them buying up that spy software company that got that guy killed still pisses me off of course. "they didnt know" yeah bullshit. "firing" some people certainly wasnt enough and we now know with absolute certainty what their true colors are.

i always expected coinbase to rat out everyone at some point so when i happened it didnt really matter much (to me). id been paying taxes on corn long before they pulled that 1099 crap.

anyway poor excuse i know but there it is. at some point i wouldnt at all be surprised to see gemini have a few skeletons fall out of their closet. hopefully they keep the high road.

i did make an account at gemini a few years ago but when they wanted a wire transfer to initially set it up.. i wasnt gonna drive 20 minutes to the bank when i already had a working exchange that i knew worked fine, warts and all.

eventually ill finish setting up gemini (need to contact support as the 2fa i have on record doesnt work any more). looking forward to more kyc and hoops to jump through. yay

as one may of noticed im lazy af

Sure there are many shades of grey, but somehow when given an option, coinbase consistently tries to side with the anti bitcoin camp. Laziness might work out for you, but not a good reason to actively recommend it to others. 

[Gyrsur]

Gentlemen, fasten your seat belt...

[Wekkel]

Structuring is the practice of conducting financial transactions in a specific pattern calculated to avoid the creation of certain records and reports required by the Bank Secrecy Act (BSA) and/or IRC 6050I, Returns relating to cash received in trade or business, etc. (Form 8300, Report of Cash Payments Over $10,000 Received in a Trade or Business)

https://www.irs.gov/irm/part4/irm_04-026-013

It's also related to smurfing: explanation

[vapourminer]

as one may of noticed im lazy af

Sure there are many shades of grey, but somehow when given an option, coinbase consistently tries to side with the anti bitcoin camp. Laziness might work out for you, but not a good reason to actively recommend it to others. 

i didnt recommend it in my original reply, i just pointed out the pros and cons as ive used it a long time with no issues.

now in real life i have mentioned coinbase to some people who expressed an interest in bitcoin. the sole reason is its legit (of course others are too), very simple and i use it so i know it. once i get gemini up and running ill likely recommend that. but not till i actually use it myself.

[Gyrsur]

Bitstamp is pushing, Bitfinex holds against it

[sirazimuth]

...and I picked up $20 of LTC myself (why not!).

Why not you ask? Good lord! get a grip my friend!. Jay is gonna batman bitch slap you for engaging in such flagrant shitcoinery...

. People apparently will pay it, go figure.

Don't try estimating the intelligence of 50% of  population of the good ole USA.
Case in point... the last 4 years. (among many other things)

[JL0]

CME gap   Between 17015-18275

[bitcoinPsycho]

CME gap   Between 17015-18275

Its a gap for ants

[OutOfMemory]

offline for a while
been surprised by bitcoins rise
expected it, though

no time for debate
got me a 3D printer
a new addiction

#haiku

[kellrobinson]

Flip the chart, with dollars on the horizontal axis (log scale) and time on the vertical axis.  You get a parabola.


can also be expressed as
days = 113.347*(log(usd)+1.699)^2

[jojo69]

[Torque]

Continued messages from the fringe that the money printing won't stop in 2021 (to the contrary).

Translation: buy everything ahead of an unprecedented dollar devaluation orgy.

2021 is gonna be a beautiful Bitcoin year.

Edit: some more words on the Guggenheim story.

Yep.

[kellrobinson]

First step in understanding a massively volatile commodity is to find a smooth, monotonic trend, if possible.
In fact, the massive booms and bear markets are responses to the halving step function, superposed on the steady state (for lack of a better term) expressed in the quadratic.  I have it worked out, it just takes time to create the charts.  Stay tuned.