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

[heslo]

Here we go again:



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

Fuck me this guy is a beast

[1715197002]

1715197002

[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).

[cAPSLOCK]

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.

I agree.  The whole MSTR thing makes me a little itchy.  But at the same time it is a legit play.  He is literally running the "speculative attack" described by Pierre Rochard the better part of a decade ago now.  https://nakamotoinstitute.org/mempool/speculative-attack/

And Bitcoin is a complex thing in the way it is going to weave itself into economies.  Saylor is playing the role of the new George Soros as basically 90% speculator, and 10% educator.  And I think we cannot overlook that second part.  We all feel itchy about Musk and that Mining whatever it was... but Saylor is actively trying to steer potential derails like that in a direction that does not harm BTC.  And that is valuable. A lot of this falls into the bucket of "Necessary Evil" for me.

Now at the same time some millennial Latin American president sees a way to carve his name deeply into history and enrich his country.  So he is doing what he thinks will help him.

That's just it...  human nature is full of yuck, in my opinion.  And bitcoin is built in a way that will harness the energy of all these actors who's main objective is to enrich themselves somehow towards something that betters mankind.

It is literally the intellectual child of pure capitalism.

I think it's gonna work.

[Dabs]

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.

That looks like a good indicator to me because eventually, some or all of that value going into altcoins will flow back into bitcoin or find a way, perhaps jumping around. Like, token to altcoin to exchange to bitcoin or something. Some do have direct fiat pairings in some exchanges, but eventually it pays for something else or goes back to bitcoin.

[cAPSLOCK]

One scary thing... Short interest has quadrupled in the last day. :/

https://www.tradingview.com/symbols/BTCUSDSHORTS/



Whassat gonna do?

[Gatorelf]

One scary thing... Short interest has quadrupled in the last day. :/

https://www.tradingview.com/symbols/BTCUSDSHORTS/


Whassat gonna do?

when did shorting start and what exchanges allow this?   I don't short and never will just surprised this became an option in trading BTC.  Hell i guess if you can gamble it away at a dedicated site anything can pop up.   

[OutOfMemory]

One scary thing... Short interest has quadrupled in the last day. :/

https://www.tradingview.com/symbols/BTCUSDSHORTS/


Whassat gonna do?

when did shorting start and what exchanges allow this?   I don't short and never will just surprised this became an option in trading BTC.  Hell i guess if you can gamble it away at a dedicated site anything can pop up.  

Since hedge funds are in the game now as well, this would suit them. This level of accumulation might get filthy at times.
Just my 2c

Just got notified someone tried to recover one of gmail accounts (without password)
thanks ledger  
I'm quite secure in this case, but it's annoying AF.
If i forgot to mention this in the past, ledger confirmed the deletion of all my data about 6 weeks after i sent them my request email.


EDIT: Hey, PPL, i'm a Hero member now!  

* OutOfMemory is stoked  

Thanks for all the sMerit  
#honomo