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

[ivomm]

I totally exected this because of Bitstamp's order book and other signs. How stupid on behalf of the bears to try a suicide dump like that.

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[shahzadafzal]

$50.7k ↑

[Toxic2040]

the Sunday wall report

Answering a friends question about Ichimoku...old news for some but a refresh never hurt no one

#dyor

sure..typically breaking up or down thru span A or B..what I call the top and bottoms of the cloud indicates that the other span above or below will be tested
you have to keep in mind that Span A and B swap places depending on if the candles are 'above or below" said cloud
5:26
for instance on the daily..which is the chart I was talking mostly about...we are battling right below and on Span B
5:27
actually on a steep vertical which I typically infer as 'slippery'
meaning price will tend to slide up and down quite easily along that axis
5:29
then Span B is a long straight horizontal...what I call 'hard'..price ranged there and people where comfortable buying and selling at that range...a 'hard' spot if you will
5:33
Now to answer your specific question...if there is a solid break above a Span...and a close above said span..then you typically can expect the Span above or below to also be challenged..
ranging inside a 'cloud' indicates market indecision as well and will be followed by a sharp break away from that price range





5:33
there you go...ichimoku in a nut shell

Some new short fibs on the four hour and daily charts
4h


$52,401.42 upcoming Span B horizontal
D



Down 27.58% over the last couple of weeks...indicators reset and cooled


fyi weekly kijun sen now @ $39,057.61
5:56
everything still moving in the right direction
5:56
dont panic
5:56
that is all
W

#stronghands

[JimboToronto]

I totally exected this because of Bitstamp's order book and other signs. How stupid on behalf of the bears to try a suicide dump like that.

Bears never were very bright.

[BitcoinBunny]

We could be on the move here.

[lightfoot]

Toot toot!

[Richy_T]

[Arriemoller]

A lower tax "rate" doesn't mean they paid less. The rich are paying more than their fair share, the poor are paying nothing

Wrong, again. My guess is you think federal income tax is the only tax.

https://itep.org/whopays/

The nationwide average effective state and local tax rate is 11.4 percent for the lowest-income 20 percent of individuals and families.

No, I think he means that a millionaire that pays X percent in tax pays a lot more in actual dollars then someone with, say, a 40 000 dollar a year income does if he pays the same percentage.

[Arriemoller]

Speaking of... I've put my Rottweiler on a vegan diet. So far I've fed him three of the bastards.

Nice quick recovery to 50K+

Yeah Let us see 52 before I go to sleep in 3-4 hours.

Would be nice to see my May 1 70k number come in.

You got it.

[BitcoinBunny]

[shahzadafzal]

Content Warning
18+
NSFK (Not Safe For Kids)
Original content...

[DaRude]

Really? lower 50% now own more land/resources than ever before? Cause this is a bitcoin forum and surely you wouldn't try to deceive by measuring "wealth" of lower 50% in absolute 2021 US dollars now would you?

Well, then why have brackets for everything else and leave 20% cap gain static for ultra wealthy, what makes it such a perfectly balanced number? Why was it fine at 35% in the 70s but now only a dirty commie would suggest bumping it to 21%? Following your logic on how filthy rich are more efficient than poor, then it'll be logical to raise taxes on poor and middle class (there's 0 chance they'll get us to Mars) and lower it for ultra rich? Then just hope really really hard that out of hundreds of billionaires that spend their money on hookers and blow and writing their names to be seen from space (as their rightfully should, it's their damn money , new idea for Bob?) the next one hopefully turns out like Musk and decides to find cure for cancer?

This is just the US but the whole world is on a similar trajectory as long as we don't ruin it by some shortsighted socialist policies.
https://fred.stlouisfed.org/series/WFRBLB50107

Well, then why have brackets for everything else and leave 20% cap gain static for ultra wealthy, what makes it such a perfectly balanced number?

Because investment money is what allows businesses to be created, expanded, and to create jobs. Jobs aren't magical things that appear on their own. More taxes on investment money means less investment. You're not going to fix any of the wealth gap by increasing taxes anyway. They will not pay the taxes. They will just reduce investment or move to a more tax friendly country. Even when the rates were high in the past, they did not collect more taxes as a percentage of income. The wealthy will just change their behavior to avoid the taxes. It's game theory.

If you want to change the wealth gap for real and not as part of a socialist agenda, stop shopping at Amazon and using products or services from huge companies. We can go back to mom and pop shops and the wealth will be more evenly distributed.

Again, taxation will never change "wealth inequality" short of full on socialism/communism where the companies are taken away from the owners. The US tax system is already one of the most progressive in the world so stop complaining and enjoy what your ancestors built for you.

There are a surprising number of progressives / socialists here on what is a primarily a speculation forum. Its possibly what makes it a lively place for discussion.

There is one good example to compare both systems.

In 1953 Korea was divided.

Two countries starting off at same level after the utter destruction from war.

Today DPRK has GDP PPP of $1.700 whilst ROK has GDP PPP $47.000

So in the North you'd pay 30 years salary for 1BTC
In the South just 1 years salary for 1BTC.

Right, right, i see, so in the '70 where wealth was more evenly distributed, kids with a college degree were pretty much guaranteed a good paying job, 10yrs since NASA got us to the moon, and overall there was less civil unrest, in reality it was a North Korea because cap gain tax was at 35%? And anyone suggesting we go back to that is a dirty red commie, because ultra wealthy top 0.3% need more of our support just in case another one decides to cure cancer or something like that?

[rolling]

A lower tax "rate" doesn't mean they paid less. The rich are paying more than their fair share, the poor are paying nothing

Wrong, again. My guess is you think federal income tax is the only tax.

https://itep.org/whopays/

The nationwide average effective state and local tax rate is 11.4 percent for the lowest-income 20 percent of individuals and families.

The whole discussion is about Biden's plan to raise the capital gains tax at the "federal" level.

[DaRude]

A lower tax "rate" doesn't mean they paid less. The rich are paying more than their fair share, the poor are paying nothing

Wrong, again. My guess is you think federal income tax is the only tax.

https://itep.org/whopays/

The nationwide average effective state and local tax rate is 11.4 percent for the lowest-income 20 percent of individuals and families.

No, I think he means that a millionaire that pays X percent in tax pays a lot more in actual dollars then someone with, say, a 40 000 dollar a year income does if he pays the same percentage.

Yeah he's trying to pull numbers in absolute unadjusted USD which should be a capital offense on this forum. 

[Richy_T]

Ironic.

[Arriemoller]

Really? lower 50% now own more land/resources than ever before? Cause this is a bitcoin forum and surely you wouldn't try to deceive by measuring "wealth" of lower 50% in absolute 2021 US dollars now would you?

Well, then why have brackets for everything else and leave 20% cap gain static for ultra wealthy, what makes it such a perfectly balanced number? Why was it fine at 35% in the 70s but now only a dirty commie would suggest bumping it to 21%? Following your logic on how filthy rich are more efficient than poor, then it'll be logical to raise taxes on poor and middle class (there's 0 chance they'll get us to Mars) and lower it for ultra rich? Then just hope really really hard that out of hundreds of billionaires that spend their money on hookers and blow and writing their names to be seen from space (as their rightfully should, it's their damn money , new idea for Bob?) the next one hopefully turns out like Musk and decides to find cure for cancer?

This is just the US but the whole world is on a similar trajectory as long as we don't ruin it by some shortsighted socialist policies.
https://fred.stlouisfed.org/series/WFRBLB50107

Well, then why have brackets for everything else and leave 20% cap gain static for ultra wealthy, what makes it such a perfectly balanced number?

Because investment money is what allows businesses to be created, expanded, and to create jobs. Jobs aren't magical things that appear on their own. More taxes on investment money means less investment. You're not going to fix any of the wealth gap by increasing taxes anyway. They will not pay the taxes. They will just reduce investment or move to a more tax friendly country. Even when the rates were high in the past, they did not collect more taxes as a percentage of income. The wealthy will just change their behavior to avoid the taxes. It's game theory.

If you want to change the wealth gap for real and not as part of a socialist agenda, stop shopping at Amazon and using products or services from huge companies. We can go back to mom and pop shops and the wealth will be more evenly distributed.

Again, taxation will never change "wealth inequality" short of full on socialism/communism where the companies are taken away from the owners. The US tax system is already one of the most progressive in the world so stop complaining and enjoy what your ancestors built for you.

There are a surprising number of progressives / socialists here on what is a primarily a speculation forum. Its possibly what makes it a lively place for discussion.

There is one good example to compare both systems.

In 1953 Korea was divided.

Two countries starting off at same level after the utter destruction from war.

Today DPRK has GDP PPP of $1.700 whilst ROK has GDP PPP $47.000

So in the North you'd pay 30 years salary for 1BTC
In the South just 1 years salary for 1BTC.

Right, right, i see, so in the '70 where wealth was more evenly distributed, kids with a college degree were pretty much guaranteed a good paying job, 10yrs since NASA got us to the moon, and overall there was less civil unrest, in reality it was a North Korea because cap gain tax was at 35%? And anyone suggesting we go back to that is a dirty red commie, because ultra wealthy top 0.3% need more of our support just in case another one decides to cure cancer or something like that?

Now you're just rambling.

[Arriemoller]

A lower tax "rate" doesn't mean they paid less. The rich are paying more than their fair share, the poor are paying nothing

Wrong, again. My guess is you think federal income tax is the only tax.

https://itep.org/whopays/

The nationwide average effective state and local tax rate is 11.4 percent for the lowest-income 20 percent of individuals and families.

No, I think he means that a millionaire that pays X percent in tax pays a lot more in actual dollars then someone with, say, a 40 000 dollar a year income does if he pays the same percentage.

Yeah he's trying to pull numbers in absolute unadjusted USD which should be a capital offense on this forum. 

Yes, pointing out that rich people actually pays a lot more real money in tax than poor people is just bad.

[DaRude]

A lower tax "rate" doesn't mean they paid less. The rich are paying more than their fair share, the poor are paying nothing

Wrong, again. My guess is you think federal income tax is the only tax.

https://itep.org/whopays/

The nationwide average effective state and local tax rate is 11.4 percent for the lowest-income 20 percent of individuals and families.

No, I think he means that a millionaire that pays X percent in tax pays a lot more in actual dollars then someone with, say, a 40 000 dollar a year income does if he pays the same percentage.

Yeah he's trying to pull numbers in absolute unadjusted USD which should be a capital offense on this forum. 

Yes, pointing out that rich people actually pays a lot more real money in tax than poor people is just bad.

2020 Q4 top 1% own $38.61T bottom 50% own $2.49T, so top 1% own 15 times more wealth than bottom 50%
https://www.federalreserve.gov/releases/z1/dataviz/dfa/distribute/table/#range:2005.4,2020.4;quarter:125;series:Net%20worth;demographic:networth;population:1,3,5,7;units:levels

That kinda makes that statement rhetorical, outside of multi universe and quantum uncertainty, it's physically impossible for poor and middle class that own less wealth to somehow be able to pay more than ultra rich. In other news, water is liquid.

[Arriemoller]

A lower tax "rate" doesn't mean they paid less. The rich are paying more than their fair share, the poor are paying nothing

Wrong, again. My guess is you think federal income tax is the only tax.

https://itep.org/whopays/

The nationwide average effective state and local tax rate is 11.4 percent for the lowest-income 20 percent of individuals and families.

No, I think he means that a millionaire that pays X percent in tax pays a lot more in actual dollars then someone with, say, a 40 000 dollar a year income does if he pays the same percentage.

Yeah he's trying to pull numbers in absolute unadjusted USD which should be a capital offense on this forum. 

Yes, pointing out that rich people actually pays a lot more real money in tax than poor people is just bad.

2020 Q4 top 1% own $38.61T bottom 50% own $2.49T, so top 1% own 15 times more wealth than bottom 50%
https://www.federalreserve.gov/releases/z1/dataviz/dfa/distribute/table/#range:2005.4,2020.4;quarter:125;series:Net%20worth;demographic:networth;population:1,3,5,7;units:levels

That kinda makes that statement rhetorical, outside of multi universe and quantum uncertainty, it's physically impossible for poor and middle class that own less wealth to somehow be able to pay more than ultra rich. In other news, water is liquid.

So what? you seem to be of the opinion that that's bad.

[Elwar]

Henry Ford proposed an "energy currency" as the foundation for the world's financial system in 1921. A century later, we have #Bitcoin
https://twitter.com/DocumentingBTC/status/1386406362209345540?s=20

I have been looking into the feasibility of such a thing a lot lately. I believe Saylor has looked into it in depth as well as I noticed that he mentioned some of the numbers on energy loss on transferring over distances.

I believe it would require superconductor technology close to room temperature for it to be feasible but I think the implications of such a thing would be awesome.

Imagine having a thumb drive with 10kWh on it that you could transfer 1kWh to someone in a few seconds. Something that you can take home and plug into your house and have a night's worth of energy or get paid for 2 weeks of work and it gets transferred to your car which you can plug into your home and top up your hot wallet as needed.

This would encourage advances in energy storage and creation. The world would be abundant in energy such that we could have a lot of very advanced technology, translating very well into moving into space. Even such that people mine space for energy with more efficient generation closer to the sun while transferring energy back to Earth.

The only thing standing between us and that type of currency is technology. Technology that advances yearly at an exponential pace the closer we get to it.


As for the whole meat thing...I suspect that the media is working in overdrive as they support the NWO plan on getting us all to eat cockroaches. I just can't believe that people on this board are spouting off the propaganda as if it's all true. People who know how much they lie about Bitcoin and still believe their lies about meat. It's a damn shame. Maybe the media has been too kind to Bitcoin...it was perhaps a better filter when it was being attacked as just being used for drugs on the darkweb.