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

[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.

[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.

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

At this point a blind can see that this trend is not sustainable, i'm of the opinion that we have a runaway indicator. People that want to see this trend continue are the same ones that act dumbfounded when the next student/occupy wall st/BLM/etc civil unrest happens. Why are those plebs are not happy with their ever shrinking share of wealth? I tried showing those youngins (with college degrees still living with their parents because they can't afford to live on their own) rolling's statistics that shows how they're better off in absolute dollars but they just ignored me and continued to sharpen their pitchforks. I'd rather not have to live in enclaves and hire private army to protect myself from them. Even Soviets saw that and provided cheap stimulus (vodka) to control their plebs from rioting too much, to keep the trend going we can provide opioids but would need to take away their healthcare first.

Edit:spelling

[JimboToronto]

My guess is you think federal income tax is the only tax.

When I see a homeless beggar lying on the sidewalk with a cigarette butt in his lips and the neck of a bottle protruding from a brown paper bag, I see a taxpayer... alcohol taxes, tobacco taxes, who knows how many other taxes.

[rolling]

At this point a blind can see that this trend is not sustainable, i'm of the opinion that we have a runaway indicator. People that want to see this trend continue are the same ones that act dumbfounded when next students/occupy wall st/BLM civil unrest happens. Why are those plebs are not happy with their ever shrinking share of wealth, i tried showing them youngins (with college degrees still living with their parents because they can't afford to live on their own) rolling's statistics that show that they're better off in absolute dollars but they just ignored me and continued to sharpen their pitchforks. I'd rather not have to live in enclaves and hire private army to protect myself from them. Soviets provided cheap stimulus (vodka) to control their plebs, we can provide opioids but would need to take away their healthcare first.

It is very sustainable, someone else having wealth does not take anything away from you, the opposite is true.

Nobody is dumbfounded that young people protest something they are too immature to understand fully, especially when you know how they were brainwashed throughout their years of education. There is a reason people tend to become more conservative as they get older, experience.

The plebs are not happy because they listen to too much propaganda on liberal media and Twiiter and they've been lied to their whole lives about what they were entitled to.

The youngins with college degrees who can't get a job were sold a lie. In the 1970s only 10% of people had degrees so it was a good way to secure a job. Now 35% of people have degrees and a large portion of those degrees are in fields without enough jobs for said degrees. Not many scientists or engineers are having trouble finding jobs.
https://www.statista.com/statistics/184272/educational-attainment-of-college-diploma-or-higher-by-gender/

Just because you are born, does not mean you are owed a "share" of anything. The wealth held by wealthy people is theirs and 0% of their wealth is or ever should be yours. There is not a limited wealth pie where it gets distributed amongst the population. There is unlimited wealth for those who create it and they owe none of it to those who did not create it.

The wealthy do owe taxes and the top 50% pay 97% of the federal taxes already. Even if they pay 100% of the taxes, you are still not going to change the wealth gap and you are still entitled to 0% of their wealth.
https://247wallst.com/economy/2018/10/15/top-0-001-bottom-50-of-us-taxpayers-pay-equal-shares-of-income-tax/

[JayJuanGee]

Please BTC if you have no fuel.. go directly to the target 40-43K. Then we can talk properly for reversal and next up leg step  

re-testing stronger support at about $47.5k
Might as well go straight up from there. If not now, then probably like next time.

You are absolutely right. 47500 is strong support.




https://www.tradingview.com/chart/BTCUSDT/ZXncFUun-THE-TOP-OWNER-WHALE-ADD-MORE-AND-GRAYSCALE-SHOWS-GREEN-52k/

LOL. 47.5K was broken in 10seconds so.. New local bottom is 46.9K

*cough*

$48.7k and rising.

Not the point. We printed a new local bottom, below 47.5K.

Poor wee widdle gallianooo.

Hopefully, you did not lose too much money on your DOWNity bet (actually, I will admit that I wouldn't really mind if you lost most if not all of your money because you don't come off as someone who is actually appreciating dee power of king daddy, and you likely need a wee bit of personal instruction from the school of hard knocks).

You might not have heard that is NOT good to be betting on DOWNity in a bull market.

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.

Sure would be nice for philip ma to save some face.  There's still time, for sure (not sure if 5-6 days is going to be enough, but there is still a chance.. I am saying).  Rooting for you on this one philip... no homo.

 

[OutOfMemory]

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.

word.
This time it was easy, even for a noob like me 

[serveria.com]

So, who sold at the bottom girls?  Hint: totally retarded, brain-dead, veggie IQ beartards! 

[OutOfMemory]

So, who sold at the bottom girls?  Hint: totally retarded, brain-dead, veggie IQ beartards! 

Dude, what about veggie bulltards with memory loss, then?
Hint: I hodl 

Sold a little portion above $50k, which was planned to be sold around $40, while a bit of it got sold in the $60k area already.
My carpenters only want fiat, that's why.

[Phil_S]

47 -> 53 in 9 hours. Not bad.

[friends1980]

When I see a homeless beggar lying on the sidewalk with a cigarette butt in his lips and the neck of a bottle protruding from a brown paper bag, I see a taxpayer... alcohol taxes, tobacco taxes, who knows how many other taxes.

Taxes for the construction of the sidewalk. And for the street sweeper.

There are a surprising number of progressives / socialists here on what is a primarily a speculation forum

... for a libertarian project.

[Sayeds56]

So, who sold at the bottom girls?  Hint: totally retarded, brain-dead, veggie IQ beartards! 

Dude, what about veggie bulltards with memory loss, then?
Hint: I hodl 

Sold a little portion above $50k, which was planned to be sold around $40, while a bit of it got sold in the $60k area already.
My carpenters only want fiat, that's why.

Green candle formation on weekly chart is very positive. If Bitcoin break 56,200 then it should make  new ATH.

[LoyceV]

So why go through all the hassle and public ridicule? I don't believe it's all just ego-driven. In fact, Craig Wright knows very well that he is not Satoshi, and that he is a liar.

My theory is that they are secretly being paid under the table (by the Wall Street corrupt) to continue FUDing and being antagonistic toward Bitcoin.

The message is clear: Bitcoin needs constant negative press, constant FUD, and prominent "enemies", essentially forever.

Hey Wall Street, if you want to pay me to say something bad about Bitcoin, please make me an offer! I accept Bitcoin

please add a word "only"

That was implied

[shahzadafzal]

So why go through all the hassle and public ridicule? I don't believe it's all just ego-driven. In fact, Craig Wright knows very well that he is not Satoshi, and that he is a liar.

My theory is that they are secretly being paid under the table (by the Wall Street corrupt) to continue FUDing and being antagonistic toward Bitcoin.

The message is clear: Bitcoin needs constant negative press, constant FUD, and prominent "enemies", essentially forever.

Hey Wall Street, if you want to pay me to say something bad about Bitcoin, please make me an offer! I accept Bitcoin

please add a word "only"

[BitcoinBunny]

If they wanted to create real FUD they would just have to get Craig Wright or whoever to say whilst surrounded by gorgeous women:
"Bitcoin is fantastic, it works really well but it can unfortunately never be used to pay for a whore is that right ladies?"
And they all nod and we watch the price nosedive.

[LFC_Bitcoin]

I love the smell of burnt shorts in the morning.


@APompilano
LMAO bitcoin back to $52,000 $53,4xx already and the bears are hiding in hibernation again.

Once a system gets flushed of the leverage, we all know what happens next...
https://twitter.com/apompliano/status/1386499436252119043?s=21

[lightfoot]

So, who sold at the bottom girls?  Hint: totally retarded, brain-dead, veggie IQ beartards!