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

[marcus_of_augustus]

Remember when ICO were offered and the startups all thought they were being so very cute and sly in the way of selling them off as assets?
Well the SEC shut that sh*t quite quick and after a while I am seeing them doing the same thing with these eventually.
They always seem to find that buttplug so to stop the stream in those loopholes the creators of these non-fungible things seem to always get around(exploit in the legal system?) at the start of their inception in the ether.

... art, classic cars, collectables are not subject to capital gains, afaik, especially if the gains are one-off, i.e. not regular source of income.

... crypto is opening up multiple holes in the dyke of financial facism, SEC might be running out of fingers at some point.

[1714963507]

1714963507

[AlcoHoDL]

Remember when ICO were offered and the startups all thought they were being so very cute and sly in the way of selling them off as assets?
Well the SEC shut that sh*t quite quick and after a while I am seeing them doing the same thing with these eventually.
They always seem to find that buttplug so to stop the stream in those loopholes the creators of these non-fungible things seem to always get around(exploit in the legal system?) at the start of their inception in the ether.

... art, classic cars, collectables are not subject to capital gains, afaik, especially if the gains are one-off, i.e. not regular source of income.

... crypto is opening up multiple holes in the dyke of financial facism, SEC might be running out of fingers at some point.

Just imagine drug lords, mafia bosses and terrorists exchanging NFT pop-art pieces for thousands of BTC each. Why not? Even criminals can have an eye for art, no?

[rdbase]

Remember when ICO were offered and the startups all thought they were being so very cute and sly in the way of selling them off as assets?
Well the SEC shut that sh*t quite quick and after a while I am seeing them doing the same thing with these eventually.
They always seem to find that buttplug so to stop the stream in those loopholes the creators of these non-fungible things seem to always get around(exploit in the legal system?) at the start of their inception in the ether.

... art, classic cars, collectables are not subject to capital gains, afaik, especially if the gains are one-off, i.e. not regular source of income.

... crypto is opening up multiple holes in the dyke of financial facism, SEC might be running out of fingers at some point.

Just imagine drug lords, mafia bosses and terrorists exchanging NFT pop-art pieces for thousands of BTC each. Why not? Even criminals can have an eye for art, no?

That was my point.
The SEC will use those fingers of theirs they have had stuck up their asses and say "Hey those criminal overloads can use NFT for money laundering as well!"
Well duhhh.

ICO's were done through loopholes in the legal system and they were shutdown. Then you had exchanges saying to themselves: "Hmm.. wonder how we can get into this game and make out with massive profit!?"
Just rename the exact same model and call them IEO instead.

[rdbase]

Remember when ICO were offered and the startups all thought they were being so very cute and sly in the way of selling them off as assets?
Well the SEC shut that sh*t quite quick and after a while I am seeing them doing the same thing with these eventually.
They always seem to find that buttplug so to stop the stream in those loopholes the creators of these non-fungible things seem to always get around(exploit in the legal system?) at the start of their inception in the ether.

... art, classic cars, collectables are not subject to capital gains, afaik, especially if the gains are one-off, i.e. not regular source of income.

... crypto is opening up multiple holes in the dyke of financial facism, SEC might be running out of fingers at some point.

Just imagine drug lords, mafia bosses and terrorists exchanging NFT pop-art pieces for thousands of BTC each. Why not? Even criminals can have an eye for art, no?

That was my point.
The SEC will use those fingers of theirs they have had stuck up their asses and say
"Hey those criminal overloads can use NFT for money laundering as well!"
Well duhhh.

ICO's were done through loopholes in the legal system and they were shutdown. Then you had exchanges saying to themselves: "Hmm.. wonder how we can get into this exact game and make out with those same massive profits!?"
Just rename the exact same model and call them IEO instead.

[strawbs]

FWIW, somehow I don't believe this "Stimulus Check inrush into Bitcoin" is going to be as dramatic as some of us are expecting. Dare I say that it may not even register in the charts. Why? Because I don't really believe that the average US citizen is really going to rush and invest $1200 in Bitcoin just like that. I mean, if all these people wanted to invest in Bitcoin, they would have done it already. Also, I expect that the ones who do invest their Stimulus Checks in Bitcoin will sell their coins as soon as the price increases enough to give them a decent profit. The problem is that most of these people won't do it because they somehow "saw the light" and understood what Bitcoin is all about, but just to make a quick buck.

I could be totally wrong, but that's the way I see it. Nothing will happen. Just a small blip in the charts. What's needed are big moves like Elon's and Saylor's. Big institutional investors that buy Bitcoin in bulk with the intention to HoDL, and publicize it in any way they can. That's what will drive the price up.

My .02 BTC     Hey, that's nearly a Stimulus Check's worth of corn!

I think you're probably right, it's more likely to be spent on essentials than Bitcoin

https://www.reuters.com/article/us-usa-economy-stimulus-checks/anxious-americans-to-pay-debt-taxes-with-covid-19-stimulus-checks-idUSKBN2B82LO

[El duderino_]

[brokedummy]

Hello darkness my old friend

[eXPHorizon]

[Paashaas]

https://twitter.com/DocumentingBTC/status/1371923894043561987

[vroom]

https://twitter.com/DocumentingBTC/status/1371923894043561987

so what is this shit? why are we going down? sell the rumour and buy the news?

[BitcoinGirl.Club]

Good afternoon WO!
Observing @ $55,240

[shahzadafzal]

Dont swing trade!  

Sauce?

[BitcoinBunny]

Dont swing trade!  

Sauce?

Source or sauce?

[Torque]

Another reason not to own filthy fiat.

https://www.foxbusiness.com/markets/janet-yellens-signiture-to-hit-us-2021-currency

In fact, the Fed reserve note just lost its fungibility. I'll be trading any of my fiat notes with that stupid bitch's signature on it for one without.

[rdbase]

Hoping for all green candles on your charts today WObservers, for whichever way your trades swing and for whichever coins you have bags of you leprechauns.
Surprised nobody mentioned about St. Patrick's day today.
Already celebrating early by having a guinness.

https://www.theguardian.com/business/2020/nov/11/guinness-recalls-non-alcoholic-stout-over-contamination-fears
Never go non-aLoHoDlic.

So cheers to you all who celebrate this day with a cold brew to you too!

[bkbirge]

https://twitter.com/DocumentingBTC/status/1371923894043561987

so what is this shit? why are we going down? sell the rumour and buy the news?

High time preference traders, same as always. They provide liquidity and prop up the exchanges with fees. A necessary evil.

[BitcoinBunny]

Oh yeah...

Happy St. Patrick's Day.

[JimboToronto]

Good morning Bitcoinland and Happy St. Patrick's Day.

Still consolidating in the mid-$5xxxx range before continuing our quest upward... currently $54947USD/$68550CAD (Bitcoinaverage).

Go Bitcoin go.

Hoping for all green candles on your charts today WObservers, for whichever way your trades swing and for whichever coins you have bags of you leprechauns.
Surprised nobody mentioned about St. Patrick's day today.
Already celebrating early by having a guinness.

https://www.theguardian.com/business/2020/nov/11/guinness-recalls-non-alcoholic-stout-over-contamination-fears
Never go non-aLoHoDlic.

So cheers to you all who celebrate this day with a cold brew to you too!

I was gonna curse you for posting a Guinness pic while I was typing and fetching my own Guinness image.

Then I realized yours wasn't even a real Guinness... 0.0% ABV? I thought the Irish stuff was bad enough at 4.2%.

I prefer mine at 5% like the ones we brew in Ontario. I also prefer glass bottles, not metallic-tasting cans.



Anyway, cheers to you too. Happy St. Patty's Day.

[Richy_T]

I think you're probably right, it's more likely to be spent on essentials than Bitcoin

https://www.reuters.com/article/us-usa-economy-stimulus-checks/anxious-americans-to-pay-debt-taxes-with-covid-19-stimulus-checks-idUSKBN2B82LO

Undoubtedly the case. And probably for the vast majority. However, there are plenty of people who are doing just fine (and it seems the better off you are, the better you are probably doing) who can recognize what the government is doing to their currencies (again, this will tend to overlap). Does this translate to a Bitcoin bump? I have some skepticism myself but there is definitely the opportunity and Bitcoin is fresh in peoples' minds.

[Richy_T]

https://twitter.com/DocumentingBTC/status/1371923894043561987

Nothing like vague generalities to inspire confidence.