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

[modrobert]

Can Governments Stop Bitcoin?

In the end, the only way to kill Bitcoin may be to make it so that people don’t need it anymore. If no one wants a devaluation-proof, censorship-resistant, permissionless, borderless, non-discriminatory, teleporting financial asset, then no one will feed it energy, and it will die.

Kill or limit internet.

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[dieselmeister]

Calling him dangerously insane because he argues for synthetic beef isn't a great starter. Producing beef is incredibly wasteful, not to mention you have to butcher an animal.

I'm a proud carnivore, yet I would gladly switch to synthetic meat when it is similar in taste and cost. There's simply no reason not to.

Agreed. I see no extra value in the death and suffering of an animal, and would appreciate synth meat if it tasted like the real thing.

I have zero issue eating correctly replicated meats.

Same here. I am fine with it, if the meat doesn't grow on a living thing like a cow or a pig as long as it tasts the same. Why not.

[dieselmeister]

Good Morning BTCLand, Currently on 49800k. We retake the 50k this night and went up around to 51500k. Now we have a little decline for 3.5h. Let'S see what the day bring and hopefully my fellow europeans will buy the shit out of our corn

Btw finally started to listen to "The Bitcorn Standard"... I was bullish ... and I am even more bullish ... So have a nice day.

[El duderino_]

Good Morning BTCLand, Currently on 49800k. We retake the 50k this night and went up around to 51500k. Now we have a little decline for 3.5h. Let'S see what the day bring and hopefully my fellow europeans will buy the shit out of our corn

Btw finally started to listen to "The Bitcorn Standard"... I was bullish ... and I am even more bullish ... So have a nice day.

Listening? Not reading it?

[El duderino_]

... taking the correction lows for the power law puts us in region of 100k early April

[AlcoHoDL]

Good morning WOers!

I see Warren Buffett's wisdom has worked again nicely while I was sleeping. We've crossed $50k, then pulled back to just under it. It's just a matter of time (hours/days) before we leave $50k behind for good. I believe the recent correction showed that there is good support at lower levels. This is not just a bubble ready to pop, as some falsely claim. This will pave the way for a slow and steady rise to $60k, $100k and beyond. I haven't sold a single sat during the dip (and, sadly, I haven't bought a single sat either). We may need some time to reach the above levels, but we will.

My SOMA guess:

Q2: attack on $100k,
Q3: $100k (stable),
Q4: $200~400k (unstable).


Regarding my earlier post/query about Bitcoin-funded Credit Cards, many thanks to those who replied. I checked out 2 companies (Binance and Crypto.com). They both offer such services and I may consider applying there, just for a test drive. Still, IMHO, the best course of action in this matter, as Richy_T has pointed out, is total transparency, i.e., declaring everything and doing things the legal way. Paying taxes too. That way, no one will bother me and question my financial status change (quitting my job while being able to increase my spending activity 10-fold). It's one thing to become super-wealthy, it's quite another to be able to use your wealth without raising red flags and being labeled a criminal. Got to be careful with such things... Fortunately, my expenses and desires are not too extravagant, so I could stay under the radar, but still, this is an issue that needs to be looked at.

BTW, $50k crossed again, and rising.  

[BitcoinBunny]

Today is a big day for me. Thanks to BTC, and partially to you all here, I am debt-free today. I quit my job, and I paid off ten years of debt, now I own my house and a few acres in the clear.
My wife and I live fairly simply. Old paid-for cars (that I can fix), no cable TeeVee. A large garden and a small shooting range in the back yard.

I quit smoking cigarettes, and DCA that amount into BTC. Doing this payoff burned a big chunk of the corn, but  it is a better thing to do for myself, now. We won't be wealthy, but this is the American dream for me. YMMV.

Congratulations. 

[dieselmeister]

Good Morning BTCLand, Currently on 49800k. We retake the 50k this night and went up around to 51500k. Now we have a little decline for 3.5h. Let'S see what the day bring and hopefully my fellow europeans will buy the shit out of our corn

Btw finally started to listen to "The Bitcorn Standard"... I was bullish ... and I am even more bullish ... So have a nice day.

Listening? Not reading it?

i am more of the audiobook guy, because I am often busy and I can hear it on training while I am moving some weights around, which is called sport

[tertius993]

Today is a big day for me. Thanks to BTC, and partially to you all here, I am debt-free today. I quit my job, and I paid off ten years of debt, now I own my house and a few acres in the clear.
My wife and I live fairly simply. Old paid-for cars (that I can fix), no cable TeeVee. A large garden and a small shooting range in the back yard.

I quit smoking cigarettes, and DCA that amount into BTC. Doing this payoff burned a big chunk of the corn, but  it is a better thing to do for myself, now. We won't be wealthy, but this is the American dream for me. YMMV.

Congratulations. 

Agreed fantastic achievement, something to be proud of.

[Gyrsur]

Good morning WOers!

I see Warren Buffett's wisdom has worked again nicely while I was sleeping. We've crossed $50k, then pulled back to just under it. It's just a matter of time (hours/days) before we leave $50k behind for good. I believe the recent correction showed that there is good support at lower levels. This is not just a bubble ready to pop, as some falsely claim. This will pave the way for a slow and steady rise to $60k, $100k and beyond. I haven't sold a single sat during the dip (and, sadly, I haven't bought a single sat either). We may need some time to reach the above levels, but we will.

My SOMA guess:

Q2: attack on $100k,
Q3: $100k (stable),
Q4: $200~400k (unstable).


Regarding my earlier post/query about Bitcoin-funded Credit Cards, many thanks to those who replied. I checked out 2 companies (Binance and Crypto.com). They both offer such services and I may consider applying there, just for a test drive. Still, IMHO, the best course of action in this matter, as Richy_T has pointed out, is total transparency, i.e., declaring everything and doing things the legal way. Paying taxes too. That way, no one will bother me and question my financial status change (quitting my job while being able to increase my spending activity 10-fold). It's one thing to become super-wealthy, it's quite another to be able to use your wealth without raising red flags and being labeled a criminal. Got to be careful with such things... Fortunately, my expenses and desires are not too extravagant, so I could stay under the radar, but still, this is an issue that needs to be looked at.

BTW, $50k crossed again, and rising.  

very important flying under the radar! IMO it means < 1000 EUR transactions BTC to FIAT.  

https://translate.google.com/translate?hl=&sl=de&tl=en&u=https%3A%2F%2Fwww.btc-echo.de%2Fso-will-die-bundesregierung-die-krypto-anonymitaet-einschraenken%2F

[OutOfMemory]

Good morning WOers!

I see Warren Buffett's wisdom has worked again nicely while I was sleeping. We've crossed $50k, then pulled back to just under it. It's just a matter of time (hours/days) before we leave $50k behind for good. I believe the recent correction showed that there is good support at lower levels. This is not just a bubble ready to pop, as some falsely claim. This will pave the way for a slow and steady rise to $60k, $100k and beyond. I haven't sold a single sat during the dip (and, sadly, I haven't bought a single sat either). We may need some time to reach the above levels, but we will.

My SOMA guess:

Q2: attack on $100k,
Q3: $100k (stable),
Q4: $200~400k (unstable).


Regarding my earlier post/query about Bitcoin-funded Credit Cards, many thanks to those who replied. I checked out 2 companies (Binance and Crypto.com). They both offer such services and I may consider applying there, just for a test drive. Still, IMHO, the best course of action in this matter, as Richy_T has pointed out, is total transparency, i.e., declaring everything and doing things the legal way. Paying taxes too. That way, no one will bother me and question my financial status change (quitting my job while being able to increase my spending activity 10-fold). It's one thing to become super-wealthy, it's quite another to be able to use your wealth without raising red flags and being labeled a criminal. Got to be careful with such things... Fortunately, my expenses and desires are not too extravagant, so I could stay under the radar, but still, this is an issue that needs to be looked at.

BTW, $50k crossed again, and rising.  

very important flying under the radar! IMO it means < 1000 EUR transactions BTC to FIAT.  

https://translate.google.com/translate?hl=&sl=de&tl=en&u=https%3A%2F%2Fwww.btc-echo.de%2Fso-will-die-bundesregierung-die-krypto-anonymitaet-einschraenken%2F

Who is using a german online wallet, anyway?
Bitpanda is the only one i can remind, and coinfinity as a broker, but are there more than five services like these based in Germany?
Thanks for the info, might address some people.

* OutOfMemory stroking his hardware wallet

[Karartma1]

Today is a big day for me. Thanks to BTC, and partially to you all here, I am debt-free today. I quit my job, and I paid off ten years of debt, now I own my house and a few acres in the clear.
My wife and I live fairly simply. Old paid-for cars (that I can fix), no cable TeeVee. A large garden and a small shooting range in the back yard.

I quit smoking cigarettes, and DCA that amount into BTC. Doing this payoff burned a big chunk of the corn, but  it is a better thing to do for myself, now. We won't be wealthy, but this is the American dream for me. YMMV.

Can't merit you but these are the stories that resonates the most with me!
Deserved congrats and keep living an healthy life on your very own terms!

@AlcoHoDL and others interested
https://lastbit.io/ this is also a very interesting card to look for

[Gyrsur]

Good morning WOers!

I see Warren Buffett's wisdom has worked again nicely while I was sleeping. We've crossed $50k, then pulled back to just under it. It's just a matter of time (hours/days) before we leave $50k behind for good. I believe the recent correction showed that there is good support at lower levels. This is not just a bubble ready to pop, as some falsely claim. This will pave the way for a slow and steady rise to $60k, $100k and beyond. I haven't sold a single sat during the dip (and, sadly, I haven't bought a single sat either). We may need some time to reach the above levels, but we will.

My SOMA guess:

Q2: attack on $100k,
Q3: $100k (stable),
Q4: $200~400k (unstable).


Regarding my earlier post/query about Bitcoin-funded Credit Cards, many thanks to those who replied. I checked out 2 companies (Binance and Crypto.com). They both offer such services and I may consider applying there, just for a test drive. Still, IMHO, the best course of action in this matter, as Richy_T has pointed out, is total transparency, i.e., declaring everything and doing things the legal way. Paying taxes too. That way, no one will bother me and question my financial status change (quitting my job while being able to increase my spending activity 10-fold). It's one thing to become super-wealthy, it's quite another to be able to use your wealth without raising red flags and being labeled a criminal. Got to be careful with such things... Fortunately, my expenses and desires are not too extravagant, so I could stay under the radar, but still, this is an issue that needs to be looked at.

BTW, $50k crossed again, and rising.  

very important flying under the radar! IMO it means < 1000 EUR transactions BTC to FIAT.  

https://translate.google.com/translate?hl=&sl=de&tl=en&u=https%3A%2F%2Fwww.btc-echo.de%2Fso-will-die-bundesregierung-die-krypto-anonymitaet-einschraenken%2F

Who is using a german online wallet, anyway?
Bitpanda is the only one i can remind, and coinfinity as a broker, but are there more than five services like these based in Germany?
Thanks for the info, might address some people.

* OutOfMemory stroking his hardware wallet

NO, pls read careful the text in your mother tong German.  it means it's in discussion that every buy or sell of FIAT <> Crypto over 1000 EUR will be monitored somehow in a database. we will see how this will play out but expect something in this direction in the future.

EDIT: it could mean if you have a German Bank and you work with Kraken you should stay under 1000 EUR back and forth with Kraken and the Bank. the plan is to copy the anti ML law of gold where the limit is 2000 EUR to be anonymous. but Crypto seams more dangerous for them so the lowered the limit to 1000 EUR. without ANY proof of essential ML in the past. cash is still king for crime.

[Syke]

I'm a proud carnivore, yet I would gladly switch to synthetic meat when it is similar in taste and cost. There's simply no reason not to.

You don't take nutritiousness into account, or are you merely assuming that if it has a label that says "healthy" then it must be nutritious?  

I also take various supplements (pills, nuts, seeds, etc.) to meet 100%+ of all 29 USRDA recommended levels of vitamins and minerals. 100% carnivore-only would be seriously lacking in micronutrients, so let's say I'm 99% carnivore.

[AlcoHoDL]

@Gyrsur, @Karartma1: Thanks guys, for the useful info/links.

@Gyrsur: Yes, using Kraken, and everything goes through Fidor Bank (Munich). When you say 1000 € upper limit, do you mean per transaction? Can I transfer, say, 900 € on the 1st of the month, another 900 € on the 10th, and another 900 € on the 20th, and keep doing this for several months in a row? Haven't yet been able to check the link you provided, sorry if this is already mentioned there.

I know for a fact that we Euro-landers will face difficulties in enjoying our newfound wealth... I think the IRS in the USA are better. They are brutal and check everything, but at least they seem to be more knowledgeable and once you pay your dues they don't bother you. Or so I've heard.

[Gyrsur]

@Gyrsur, @Karartma1, thanks guys, for the useful info/links.

@Gyrsur: Yes, using Kraken, and everything goes through Fidor Bank (Munich). When you say 1000 € upper limit, you mean per transaction? Can I transfer, say, 900 € on the 1st of the month, another 900 € on the 10th, and another 900 € on the 20th? Haven't been able to check the link you provided, sorry if this is already mentioned there.

I know for a fact that we Euro-landers will face difficulties in enjoying our newfound wealth... I think the IRS in the USA are better. They are brutal and check everything, but at least they seem to be more knowledgeable and once you pay your dues they don't bother you. Or so I've heard.

as I understand it right if your crypto-related transaction from/to the bank is over 1000 EUR the bank is forced to report it somehow. this are just plans at the moment to go in this direction. but it will come, I am sure.

EDIT:

the bank can easily identify crypto-related transactions via the receiver or sender (e.g. Kraken). it's not a difficult task for them.

as I understand it right it will count per transaction.

I've lowered it already for myself in the past to under 1000 EUR better 500 EUR with that in mind it will come somehow. and of course monthly amounts in the region of a normal working citizen in your area. as you said #UnderTheRadar. the opposite of #LaserEyes.  

[OutOfMemory]

@Gyrsur, @Karartma1, thanks guys, for the useful info/links.

@Gyrsur: Yes, using Kraken, and everything goes through Fidor Bank (Munich). When you say 1000 € upper limit, you mean per transaction? Can I transfer, say, 900 € on the 1st of the month, another 900 € on the 10th, and another 900 € on the 20th? Haven't been able to check the link you provided, sorry if this is already mentioned there.

I know for a fact that we Euro-landers will face difficulties in enjoying our newfound wealth... I think the IRS in the USA are better. They are brutal and check everything, but at least they seem to be more knowledgeable and once you pay your dues they don't bother you. Or so I've heard.

I as understand it right if your crypto-related transaction from/to the bank is over 1000 EUR the bank is forced to report it somehow. this are just plans at the moment to go in this direction. but it will come, I am sure.

Hmm, strangely i only read about "bitcoin transactions with value over € 1000". Means that wallet providers have to implement an interface to track KYC bitcoin transactions over a value of €1000. I don't see tracking EUR transactions from exchange to bank here.

The government wants to restrict the anonymity of crypto payments. It will not succeed in doing this, but will only sell wallet providers and custodians abroad. Legal uncertainty will be the result. The fight against cryptocurrencies is part of the financial repression of this federal government. Only a year ago, the anonymity of gold transactions was reduced to 2,000 euros. With crypto assets, the government is now going even further.

It's more clear in untranslated version, imho.
It wouldn't make much sense to capture EUR going from/to wallet providers to banks, but they want to sniff into btc transactions, because they lack the ability to monitor money flows like with fiat. Prove me wrong 
It's only my opinion on the contents of the article. I don't welcome monitoring and control of flows (whichever currency) at all.

[erre]

Today is a big day for me. Thanks to BTC, and partially to you all here, I am debt-free today. I quit my job, and I paid off ten years of debt, now I own my house and a few acres in the clear.
My wife and I live fairly simply. Old paid-for cars (that I can fix), no cable TeeVee. A large garden and a small shooting range in the back yard.

I quit smoking cigarettes, and DCA that amount into BTC. Doing this payoff burned a big chunk of the corn, but  it is a better thing to do for myself, now. We won't be wealthy, but this is the American dream for me. YMMV.

This is my dream too, or at least something very similar to it.
Well done fellow holder, well done.

[BitcoinBunny]

Doubt we will see that bottom again. But who knows for sure.

[El duderino_]