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

[techearn17]

@therationalroot
It might feel we are hovering around this low range (~36k) a long time but looking at previous bull markets we are still doing fine!

https://twitter.com/therationalroot/status/1401843361351413764?s=21

@LFC_Bitcoin great chart dear yes i am also tracking that trend line this very imported trend line if we follow same line than we see soon in moon 😀

[modrobert]

@therationalroot
It might feel we are hovering around this low range (~36k) a long time but looking at previous bull markets we are still doing fine!

https://twitter.com/therationalroot/status/1401843361351413764?s=21

Looking at those charts made me feel nostalgic, blast from the past, CCMF!

[ChartBuddy]

Explanation

[techearn17]

BTC USD
Imported zones

Key levels: 29240, 41948, 43000, 46930, 50428, 58352, 59500, 61840, 64850

[fillippone]

Here we go again:



https://twitter.com/michael_saylor/status/1401879767943729154?s=21

[heslo]

Here we go again:



https://twitter.com/michael_saylor/status/1401879767943729154?s=21

Fuck me this guy is a beast

[ivomm]

Here we go again:



https://twitter.com/michael_saylor/status/1401879767943729154?s=21

[ChartBuddy]

Explanation

[Philipma1957cellphone]

F this chart buddy can't we do it every 2 hours

[bitcoinPsycho]

F this chart buddy can't we do it every 2 hours

NO leave him alone.  Not yours

[Torque]

Here we go again:



https://twitter.com/michael_saylor/status/1401879767943729154?s=21

A true GigaChad. Now it's JD 's turn.

Hey Jack! Buy more bitcoin to show your supposed support, or STFU.

[LFC_Bitcoin]

Saylor is relentless, I hope he’s as honest & committed as he seems.

[cAPSLOCK]

Saylor is relentless, I hope he’s as honest & committed as he seems.

He is taking a pretty big risk.  It would take some pretty deep conspiracy theory to really attribute something nefarious here.

That said, we all are sort of tied to him in a way... if he dies, well... we do to.

The other thing is... the more of him there are the harder it will be for the USGov to attack bitcoin without hurting lot's of private investors.  It is starting to imbed itself into world markets in a way that you won't be able to kill it without taking the host out with it.  And it's starting to look like the host is potentially the world economy.

This is a virus unlike anything we have ever seen before.

[xhomerx10]

Jack Mallers Announces El Salvador Bitcoin Adoption
https://www.youtube.com/watch?v=3uGOfqN2y9k

Watch it in case you have any doubts about the future of Bitcoin. Worrying about the ticker price can sometimes almost be embarrassing. Bitcoin is hope.


Edit:

 The US and Canada enforces capital gains tax on currency transactions so it doesn't make a difference in my case unless the net gain (or loss) is less than $200... I can't live on that!

Not a legal advise, but the way i read it, it's $200 capital gain per transaction. So if you you buy a $7 coffee in the morning, have a $40 lunch, and then pay $100 for a dinner, and then hit up few bars not spending over $200 in each, all of it shouldn't be taxable.

such transaction is a personal transaction,
no gain shall be recognized for purposes of this subtitle by reason of changes in exchange rates after such currency was acquired by such individual and before such disposition. The preceding sentence shall not apply if the gain which would otherwise be recognized on the transaction exceeds $200.

https://www.law.cornell.edu/uscode/text/26/988

 Wow!  I find it hard to believe the US gov't would allow so much potentially unpaid taxes on the table. 

 The way I understand the wording in the guidance provided by the Canadian gov't, it would be on all transactions.  I'm not a pharmacist though so it's possible I have misinterpreted it.

from canada.ca - the gov't of Canada website:

Foreign exchange gains or losses from capital transactions of foreign currencies (that is, money) are considered to be capital gains or losses. However, you only have to report the amount of your net gain or loss for the year that is more than $200. If the net amount is $200 or less, there is no capital gain or loss and you do not have to report it on your income tax and benefit return.

[ChartBuddy]

Explanation

[Richy_T]

Yes I re-zeroed it (with paper). I'll check the zero and level again before the next attempt.
I also found that the slicer deemed some objects too small to print, specifically a jerry can in 1:87 (5,3 mm high) guess I'll have to order that from Shapeways.

That seems odd. 5.3mm seems like a reasonable size. You could maybe try Lychee?

[somac.]

Something I'm not really understanding right now. Lot's of good news around Bitcoin right now, I mean shit, there are now countries wanting to make Bitcoin legal tender. However, if you go check out the prices of shitcoins they are all up far more than BTC.

Only explanation that I have is that Bitcoin's price is being targeted, where as the others aren't.

Am I taking crazy pills or something.

[suchmoon]

The other thing is... the more of him there are the harder it will be for the USGov to attack bitcoin without hurting lot's of private investors.  It is starting to imbed itself into world markets in a way that you won't be able to kill it without taking the host out with it.  And it's starting to look like the host is potentially the world economy.

I still think that this (using a publicly-traded corp to pump Bitcoin) is the worst way to "imbed [sic] itself". There is zero actual utility in MSTR owning a bunch of Bitcoin, other than possibly skirting SEC (non)approval of Bitcoin ETFs and that can only end in tears.

Bitcoin should be quietly replacing SWIFT/ACH/all that other interbank clearing house shit. Or payment systems - perhaps not replace Visa et al because muggles love their plastic cards, but in the backend/settlements. Now that would be something that's extremely unlikely to be unraveled by a government.

[rdluffy]

Something I'm not really understanding right now. Lot's of good news around Bitcoin right now, I mean shit, there are now countries wanting to make Bitcoin legal tender. However, if you go check out the prices of shitcoins they are all up far more than BTC.

Only explanation that I have is that Bitcoin's price is being targeted, where as the others aren't.

Am I taking crazy pills or something.

In my opinion, there's a lot of people only looking the charts, and expecting more dump, and all the talking about death cross (MA 50 crossing MA 200), maybe they are waiting for something more than 42k to start buying again

If you look at trends, news, fundamentals, adoption, we are at the best moment ever for Bitcoin, price will reflect at some point, in a good and organic growth

[Richy_T]

Something I'm not really understanding right now. Lot's of good news around Bitcoin right now, I mean shit, there are now countries wanting to make Bitcoin legal tender. However, if you go check out the prices of shitcoins they are all up far more than BTC.

Only explanation that I have is that Bitcoin's price is being targeted, where as the others aren't.

Am I taking crazy pills or something.

Always been the case that as the price goes up, people take profits. They'll often hold off during a rally then cash in when it softens a bit. To my eye, we're still above the long-term exponential trend line (but not by much) and it seems someone(s) are taking their profit at this level. That doesn't preclude another rally but there's definitely more sideways and maybe even some down in the near future. On the upside, Bitcoin has totally proven that people are willing to believe it's worth 60-65k (which we all knew anyway but those milestones are important).