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

[serveria.com]

Happy New Year Bob & Rick! 

[Biodom]

On top of the wallet rule now only three days from final adoption, FinCEN just announced ANOTHER rule.
https://www.coindesk.com/fincen-foreign-crypto-exchange-disclosure-rule
With a bare three weeks before leaving office, it's impossible to have a public comment period that complies with the Administrative Procedure Act.
Treasury hasn't even provided a timeline yet.  
We only know that this new midnight rule will have an illegally short comment period, just like the last one.
The fact that the procedure is done illegaly won't prevent the rule from being enforced.  This is a standard administrative procedure whereby government agencies like Treasury write regulations into law without actually having to go to Congress.  Once these new regulations go into effect, overturning them involves a politically difficult congressional procedure; the incoming administration can't simply rescind rules that went on the books before they came to office.
In other words, we're fucked.
There's still time to comment on the wallet rule, though
https://beta.regulations.gov/commenton/FINCEN-2020-0020-0001

Meanwhile Mnuchin expects us crypto people to party instead of paying attention.

An annoyance, but foreign exchange rule is of less consequence for most and I doubt that it would be fought hard. We should push for 60-90 days comments, of course.

I kind of anticipated this from the beginning and thereby never opened (or at least funded) a mtgox, bitstamp or bitfinex account.
Basically, you would have to file a FBAR every time (yearly) you have cash at or over $10K in a foreign account. There are other important points, described below.
https://www.greenbacktaxservices.com/blog/determining-need-file-fbar-form-8938/
Interesting points (a difference between FBAR and form 8938-that one has much higher monetary limits):
Foreign stock, held outside of foreign account: FBAR-NO, form 8938-YES
foreign Mutual funds-yes for both FBAR and form 8938

[lightfoot]

My guess is Trump expected a taste from bitcoin, didn't get it, and thus we have to deal.

[Krubster]

Congratulations to all of our This Is Gentlemen Official Wall Observer Coloring In Competition competitors.  

The competition was extremely tough but one clear winner emerged chosen by the people.  Congratulations to Krubster!  Please feel free to tell all your friends, family and distant relations.  

Thank you, I'm honoured. My parents will be so proud of me when they will find out about this.

[Toxic2040]

noon charts


happy new year gentlemen

#dyor

1h



4h



D

#stronghands

[serveria.com]

Congratulations to all of our This Is Gentlemen Official Wall Observer Coloring In Competition competitors.  

The competition was extremely tough but one clear winner emerged chosen by the people.  Congratulations to Krubster!  Please feel free to tell all your friends, family and distant relations.  

Thank you, I'm honoured. My parents will be so proud of me when they will find out about this.

Wow it's a nice setup you have there... is that an 086? 5.25 floppies right? 

[OutOfMemory]

^ looks like an IBM XT (with 8086 or 8088) with removed or photoshopped logo. Good old times and burnt in monitors...

EDIT: 5.25" 360KB (iirc) Floppy disks were standard. You could cut/punch out the write-enable tab at the other side and turn em around (vertical flip) and use em double-sided. Just like the old 8" dinosaurs, but a little more handy and soo above punch cards and tape reels back then.

[serveria.com]

^ looks like an IBM XT (with 8086 or 8088) with removed or photoshopped logo. Good old times and burnt in monitors...

EDIT: 5.25" 360KB (iirc) Floppy disks were standard. You could cut/punch out the write-enable tab at the other side and turn em around (vertical flip) and use em double-sided. Just like the old 8" dinosaurs, but a little more handy and soo above punch cards and tape reels back then.

I had a very similar-looking Siemens Nixdorf XT 088 with a monochrome monitor (black and amber?orange?) and a dot matrix printer  these floppies had to be handled very carefully and didn't last long anyway 

[jojo69]

[serveria.com]

Yeah good ol' times... config.sys missing though... 

[vapourminer]

^ looks like an IBM XT (with 8086 or 8088) with removed or photoshopped logo. Good old times and burnt in monitors...

EDIT: 5.25" 360KB (iirc) Floppy disks were standard. You could cut/punch out the write-enable tab at the other side and turn em around (vertical flip) and use em double-sided. Just like the old 8" dinosaurs, but a little more handy and soo above punch cards and tape reels back then.

I had a very similar-looking Siemens Nixdorf XT 088 with a monochrome monitor (black and amber?orange?) and a dot matrix printer  these floppies had to be handled very carefully and didn't last long anyway 

yeah looked like a green monochrome monitor. got one out in the barn somewhere.

[600watt]

wow, elwar made it to one of the most reputable german newspapers! (only in german)

https://www.sueddeutsche.de/leben/bitcoin-peter-thiel-libertaer-1.5161423


here is a quote:

... Nadia, die eigentlich Supranee Thepdet heißt, hat wieder etwas Gutes, Scharfes gekocht. Chad Elwartowski, ihr Mann, ein US-Amerikaner aus Michigan, Mitte 40, mit Strohhut und Shorts, blickt sie nach dem letzten Bissen dankbar an.

Dann erzählt er, wie sie 2018 nach Thailand kamen und in einer Bar in Bangkok Rudy trafen. "Wir sind nur die Sideshow", sagt Chad, "er ist die Type." "Wenn man mit ihm aus dem Haus geht", meint Supranee, "gibt es immer ein Abenteuer." Der Kontakt war im Internet entstanden, auf einem Forum der "Seasteader", der Seesiedler-Bewegung. Der Deutsche lud das Paar ein, in Phuket Quartier zu machen. Und erkor die beiden bald zu den ersten Bewohnern seines achteckigen Häuschens, das draußen auf dem Meer schweben sollte.

Rudy, vor mehr als 50 Jahren in Karlsruhe geboren, hört von Amts wegen auf den Namen Rüdiger Koch. ...

you are the man, elwar! the entire article is way more friendly/neutral than some of the reactions in bitcointalk. i am impressed. ms satoshi story is also covered.

[HairyMaclairy]

I am amused that we have made a new ATH of $29,700 and no one seems to have noticed.  Including myself. 

[LFC_Bitcoin]

I am amused that we have made a new ATH of $29,700 and no one seems to have noticed.  Including myself.  

ATH for 🐜

[philipma1957]

I am amused that we have made a new ATH of $29,700 and no one seems to have noticed.  Including myself. 

I think there are a few people that now have made serious $ or should I say serious Maybe 100+ coins

They may have decided to back off on posting like mad.

I think there are some in the 10-50 coin in holdings that now are Maybe I should shut up as my 290k to 1450k could get me hurt.

So posters with 0.5-10 coins may still be posting a lot. As they really need BTC to move to 100k or more

before they think they have decent money.

[serveria.com]

wow, elwar made it to one of the most reputable german newspapers! (only in german)

https://www.sueddeutsche.de/leben/bitcoin-peter-thiel-libertaer-1.5161423


here is a quote:

... Nadia, die eigentlich Supranee Thepdet heißt, hat wieder etwas Gutes, Scharfes gekocht. Chad Elwartowski, ihr Mann, ein US-Amerikaner aus Michigan, Mitte 40, mit Strohhut und Shorts, blickt sie nach dem letzten Bissen dankbar an.

Dann erzählt er, wie sie 2018 nach Thailand kamen und in einer Bar in Bangkok Rudy trafen. "Wir sind nur die Sideshow", sagt Chad, "er ist die Type." "Wenn man mit ihm aus dem Haus geht", meint Supranee, "gibt es immer ein Abenteuer." Der Kontakt war im Internet entstanden, auf einem Forum der "Seasteader", der Seesiedler-Bewegung. Der Deutsche lud das Paar ein, in Phuket Quartier zu machen. Und erkor die beiden bald zu den ersten Bewohnern seines achteckigen Häuschens, das draußen auf dem Meer schweben sollte.

Rudy, vor mehr als 50 Jahren in Karlsruhe geboren, hört von Amts wegen auf den Namen Rüdiger Koch. ...

you are the man, elwar! the entire article is way more friendly/neutral than some of the reactions in bitcointalk. i am impressed. ms satoshi story is also covered.

Elwar surely has some HUGE balls! He's sort of a public figure and everybody knows where he lives etc... frankly, don't want to sound cynical but I'm surprised he's still alive and well and nobody has tried to extort his coins yet    So seems like many WO-ers overestimate the importance of opsec.  Or maybe not... 

[serveria.com]

I am amused that we have made a new ATH of $29,700 and no one seems to have noticed.  Including myself. 

I think there are a few people that now have made serious $ or should I say serious Maybe 100+ coins

They may have decided to back off on posting like mad.

I think there are some in the 10-50 coin in holdings that now are Maybe I should shut up as my 290k to 1450k could get me hurt.

So posters with 0.5-10 coins may still be posting a lot. As they really need BTC to move to 100k or more

before they think they have decent money.

The thing is that "decent money" is very subjective. And while somebody's goal is $1m there are peeps who have that amount in fiat and its a not big deal for them. So they're just waiting until their 50 coins will cost say $25m... that would be a life-changing money for them...

[El duderino_]

I am amused that we have made a new ATH of $29,700 and no one seems to have noticed.  Including myself. 

A new year begun.
Eternal all time highs now.
This times different!

[Indymoney]

I am amused that we have made a new ATH of $29,700 and no one seems to have noticed.  Including myself. 

You are right but now we are at $29300 hopefully now next stop is $30K very quickly coming.

[sAt0sHiFanClub]

I am amused that we have made a new ATH of $29,700 and no one seems to have noticed.  Including myself. 

You are right but now we are at $29300 hopefully now next stop is $30K very quickly coming.

Just squeeze your butt cheeks tight and pray the tether train keeps chooching.