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

[infofront]

Then after Kamala, no chrome.

Why would you care anymore? That's the whole point of bitcoin.

The introduction of wealth taxes, and increasing capital gains taxes can take an even larger chunk of our bitcoin though.

[Richy_T]

If wealth taxes start being egregious, it might be time to consider an exit. Lots of countries where your money will go a long way.

[True Myth]

If wealth taxes start being egregious, it might be time to consider an exit. Lots of countries where your money will go a long way.

Agreed.  It's amazing how far your money (or Bitcoin) goes in some other beautiful places in other countries.

My exit strategy is planned, locked, and loaded.

[lightfoot]

Then after Kamala, no chrome.

Why would you care anymore? That's the whole point of bitcoin.

The introduction of wealth taxes, and increasing capital gains taxes can take an even larger chunk of our bitcoin though.

Fortunately those items would be DOA: One of the nice things about being in a plutocracy is that the wealthy will NEVER harm themselves. So anything more than a token increase in CG isn't going to happen, and wealth taxes won't happen either.

It's possible TPTB will just outlaw bitcoin ownership under the usual penalty of death and such, but in that case we still have the bitcoins in our minds and those can't be released without the usual torture or a club. If society gets to that level we have different problems.

It is far far easier to just fuck with the current monetary system and screw over working and "poor" people who base their lives around fiat then it is to go after a few of us. And besides as bitcoin will go up prices will go up as well so you may be paying 2.5btc for a Tesla or 10 million in shit-dollars for a Tesla.

Start thinking of it this way: The value of bitcoin is not going up, the value of fiat is going down.

[lightfoot]

If wealth taxes start being egregious, it might be time to consider an exit. Lots of countries where your money will go a long way.

Agreed.  It's amazing how far your money (or Bitcoin) goes in some other beautiful places in other countries.

My exit strategy is planned, locked, and loaded.

Talk to people here who went to some of these "beautiful countries" (Panama? Thailand?) where they barely escaped with their lives.

Things can be... complex... out there.

[nanobtc]

WB Richy_T, miss your input.

[yefi]

Fortunately those items would be DOA: One of the nice things about being in a plutocracy is that the wealthy will NEVER harm themselves. So anything more than a token increase in CG isn't going to happen, and wealth taxes won't happen either.

Methinks you underestimate the threat of populism. Politician's pockets may be lined by the rich, but they're ultimately voted in by the public (electoral fraud notwithstanding).

[Richy_T]

Not really a better place to talk about BTC ATHs.

[lightfoot]

Fortunately those items would be DOA: One of the nice things about being in a plutocracy is that the wealthy will NEVER harm themselves. So anything more than a token increase in CG isn't going to happen, and wealth taxes won't happen either.

Methinks you underestimate the threat of populism. Politician's pockets may be lined by the rich, but they're ultimately voted in by the public (electoral fraud notwithstanding).

Hm. Populism is probably not a major issue to holders of wealth since the people who fall for it are easily led into more productive avenues such as hating (insert appropriate rage topic) instead of the wealthy. They will do this while electing plutocrat "populists" to power (see Perot, R.; Trump, etc) and support them while they vote 2t tax cuts for the "wealthy" right in the middle of it.

There is a hook of "we'll get you something from "those" people, but those who believe they can get "something for nothing" are without a doubt the easiest marks for traditional confidence games. As a citation, see GSE, recent Doge/silver pumps, and Wall Street "Bets"....

While there are exceptions (see revolution, French) it seems that what is substituted into a populist movement is a sanction for someone to hate. It's been this way since William Jennings Bryan and the ole Cross of Gold.

So unless you totally blow your populism movement I don't think it's a problem. Such movements just fall apart under the weight of the scams perpetrated upon their members (cash 4 gold, beet juice, ethereum, etc)

Edit: Cleaned this up a bit. It's a complicated topic but I have noticed that populist movements get hijacked pretty quickly to serve other ends (see Christ, J., American Revolution, French Revolution, Russian Revolution, etc)

[shahzadafzal]

A message to latecomers...

[Richy_T]

19 days left in February. Will we see 50k?

[Sayeds56]

Not really a better place to talk about BTC ATHs.

[philipma1957]

19 days left in February. Will we see 50k?

Sure less than a week.

60 k by march 3

[xhomerx10]

The Earth has never seen a hard limited asset that can be bought by anyone with access to a network suddenly being fought over by more and more of the corporations

The corporations bought. They are not so dumb to shill Bitcoin and then start selling. They bought off exchanges to not influence price and hold. Only increase price by free PR so consumers buy and other corporations buy too. Have no illusion they will be first to sell if they need money quick. But looking very good for Bitcoin now. Only making it hard for consumers to buy one full bitcoin. Maybe 0,1 bitcoin is the new thing. Can still be worth $100k one day when FIAT crash.

I read dead cat today and it say today bitcoin will be $50k this week. (no i did not kill cat, it die natural cause, sad beautiful cat).

Cat lookalike Lazslo chorus Sagittarius more or less gold roses pilgrim nightmare cheeks tonight 

 That reads like a wallet passphrase

[Sayeds56]

19 days left in February. Will we see 50k?

Sure less than a week.

60 k by march 3

Everything is possible when it comes to BTC. You can predict the Bottom but not the Top.

[STT]

Thats actually a very reasonable point, the lows tend to be alot more consistent and reliable to predict where as the tops are very frothy hence the great doubts expressed by some as it swings back and forth rapidly.

Telegram is less of a resource more chat, depends what you want.  Ive been member of forums for decades, I dont think its going anywhere.   Perhaps various hypertext ideas could enhance but I've been reading about all sorts of potential expansions beyond purely reading for 25 years and simple lasts longest.

[BitcoinGirl.Club]

Hodl the Dildos tight brothers!

Good morning WO
Observing @ $46,570!

We almost had $50k mark, it's a matter of few hours or few days now. Few years ago when anyone said bitcoin may hit $50K it was a crazy speculation.

It's been long day since my post in the thread. How are we all doing?

[BitcoinGirl.Club]

When I have bitcoin, why would I buy Tesla?

[Sayeds56]

When I have bitcoin, why would I buy Tesla?

Absolutely right. Bitcoin will always rise but not sure about Tesla.  

[DaRude]

When I have bitcoin, why would I buy Tesla?

Cause bitcoin can't teleport you to a store/restaurant/movies etc... (yet)