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Question: What happens first:
New ATH - 43 (69.4%)
<$60,000 - 19 (30.6%)
Total Voters: 62

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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 26370967 times)
This is a self-moderated topic. If you do not want to be moderated by the person who started this topic, create a new topic. (174 posts by 3 users with 9 merit deleted.)
xhomerx10
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July 13, 2021, 07:41:49 PM
Merited by JayJuanGee (1)

Warning to my US-based WO family. The IRS is opening *criminal* investigations to any business that has ever accepted bitcoin as a payment method. If an IRS agent contacts you, say nothing, get a lawyer.

 What's wrong with accepting bitcoin for payment?  The IRS considered it property back in 2014 so it's a simple barter transaction.  Do you have any evidence?  Will NewEgg, Overstock, Dell, Paypal, Bitrefill, Microsoft and Tesla be criminally investigated or are they only after the little guys?
 
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July 13, 2021, 07:47:31 PM
Merited by JayJuanGee (1)

Warning to my US-based WO family. The IRS is opening *criminal* investigations to any business that has ever accepted bitcoin as a payment method. If an IRS agent contacts you, say nothing, get a lawyer.

Quote a source? All the IRS is doing at the moment is trying to not sink. 35 million backlogged tax returns that have to be processed manually. Does the IRS have "criminal" investigations going on? Of course they do, I imagine it happens all the time. Will they file against every business that has touched Bitcoin? I don't think it would be physically possible.

https://www.wgal.com/article/irs-tax-returns-delays-backlogs/36996735
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July 13, 2021, 08:01:26 PM


Explanation
JayJuanGee
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July 13, 2021, 08:12:34 PM

...even if some folks want you to consider that we are ONLY in the midst of a "trend" in which bitcoin gravitates towards its "inevitable price of zero.".... hahahahahaha

The question now, since nothing is forever, will this be one of the following:

1. not in 100 years? (one hundred)
2. not in 1000 years? (one thousand)
3. not in 10k years or longer?

In any case, we are all dead before bitcoin ever reaches zero.

Even though I believe that I understand what you are doing, I am not sure if your way of framing the matter is fair or even the same topic that I had mentioned.

Of course, there is always some amount of chance that BTC could go to zero, whether it is this particular correction cycle or if it were to take much further to play out.  And, there is also a rhetorical component, too.

So yeah if we are referring to the short term likelihood that bitcoin is going to zero the odds do seem to be quite low, but they are surely not at zero.. even for the short term.

In other words, we cannot completely rule out the actual possibility that bitcoin could go to zero in the short term and even in a time frame that is much less than 100 years.

Now, in terms of the rhetoric, and the kinds of feelings that status quo stake holders such as rich peeps, financial institutions and some status quo governments would like to create remains an impression that bitcoin is a flash in
the pan rather than anything meaningful and significant (as they might be learning that BTC is a much more formidable force than they are publicly admitting).  So sure, there are also a decent amount of status quo folks that are truly confused about bitcoin versus crypto and even contemplating that there are ways that bitcoin can be managed, in the event that it cannot be snuffed-out... which also likely requires coordination in the government and even coordination between governments if any kind of snuffing out might even be reasonably feasible at this stage in bitcoin's life.. and sure, I am not even suggesting that various kinds of governmental agent fantasies are realistic, but I am not going to negate that there are plenty of governmental agency officials and even status quo financial officials who might still be in their own little fantasy regarding how they are framing their ways to "deal with" bitcoin.

Some people think the end of the last mined bitcoin, by base reward, would be the end, around the year 2140.

Yeah, but why is that even relevant?  You really believe that at this time, we need to seriously consider whether any kind of potentially non development of a sufficiently sized fee market is any kind of real and meaningful threat to bitcoin in the next 100 or so years (or less perhaps?).. there are likely much more important considerations than that seemingly almost lame talking point, no?


But we will see a full decade or earlier if that will be the case or not, perhaps even by the middle of this century, as transaction fees approach or exceed the base reward per block mined.

Yes, for sure.. the fee market and the various ways of considering 1st layer or second layer (or any other layers) is an ongoing empirical question concerning dynamics that fall into place and whether some kinds of foreseeable and important vulnerabilities begin to show themselves in respect to bitcoin (or if it all of a sudden becomes too late to fix some kind of extreme vulnerability that might exist in connection to fee/reward related incentives).
 
I guess I should not really need to repeat that I consider your pondering on this question to be a bit of a pie in the sky contemplation at this time, but hey each of us have our various considerations and concerns in regards to the various king daddy investment theses.. and how much emphasis we believe those considerations/scenarios to deserve.

Warning to my US-based WO family. The IRS is opening *criminal* investigations to any business that has ever accepted bitcoin as a payment method. If an IRS agent contacts you, say nothing, get a lawyer.

Link or it did not happen.
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July 13, 2021, 08:43:47 PM

In which moment do you guys take off your moon suits & admit to yourselves that the top is in for this cycle & there is now the beginning of a long bear market? There is no life in this bull now, the transition to bear is happening in front of your eyes. I am calling $10000 by the end of this year. Head & Shoulder formation playing out, we are going down town.

Sell everything now & buy back at $8000 in 2022.

My name is Billy not Silly. Sell everything ASAP.
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July 13, 2021, 09:01:43 PM


Explanation
El duderino_
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July 13, 2021, 09:07:50 PM
Merited by Hueristic (1), JayJuanGee (1), Paashaas (1)

In which moment do you guys take off your moon suits & admit to yourselves that the top is in for this cycle & there is now the beginning of a long bear market? There is no life in this bull now, the transition to bear is happening in front of your eyes. I am calling $10000 by the end of this year. Head & Shoulder formation playing out, we are going down town.

Sell everything now & buy back at $8000 in 2022.

My name is Billy not Silly. Sell everything ASAP.

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Which was the dumbass giving you…

Let me have a look 

*edit, Damn @Loyce…. ‘T kaf van ‘t koren scheiden
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July 13, 2021, 09:10:44 PM

In which moment do you guys take off your moon suits & admit to yourselves that the top is in for this cycle & there is now the beginning of a long bear market? There is no life in this bull now, the transition to bear is happening in front of your eyes. I am calling $10000 by the end of this year. Head & Shoulder formation playing out, we are going down town.

Sell everything now & buy back at $8000 in 2022.

My name is Billy not Silly. Sell everything ASAP.

Proudhon, is it you?
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July 13, 2021, 09:39:41 PM
Merited by JayJuanGee (1)


Bear trolling.


HODL.

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July 13, 2021, 09:56:08 PM

A quick look into WO future

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July 13, 2021, 10:01:26 PM


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July 13, 2021, 10:43:51 PM
Merited by El duderino_ (4)

In which moment do you guys take off your moon suits & admit to yourselves that the top is in for this cycle & there is now the beginning of a long bear market?

You are making a good first impression here, you fucktwat.

If you believe that we are in a bear market, merely because you are wishing for it or because you are subscribing to some nonsense assessment of what is the bitcoin market based on lame indicators, then you likely have a lot to learn before you come to preach wannabe know-it-all-ness in these here parts.


There is no life in this bull now, the transition to bear is happening in front of your eyes.

Good luck with that.  You might be wrong.. but you might not.  Hopefully you have not placed too much leverage on your bet, and on a smaller note, there can be some risk for failure and refusal to reasonably and adequately pee pare ur lil selfie for UP, just in case.

In udder words, if you are ONLY betting on one direction, you might end up with a not so pleasant surprise.

Time will tell, no?

Even though you are too god damned new to accept any of your representations regarding what your stake might be in one direction or another, even while you are coming into this thread attempting to establish (proclaim) that you have some kind of greater insight than guys participating herein.

I am calling $10000 by the end of this year.

I am sure that there are plenty of folks willing to bet your newbie ass on the matter, and I would recommend escrow for anyone considering such a matter with this dweeb.

Furthermore, good luck getting below the 208-week moving average especially accounting for where we seem to be at within the four-year fractal, which has not been bumped from its likely ongoing credibility as an outline for where we likely are and for where we are likely going.


Head & Shoulder formation playing out, we are going down town.

Head and shoulders do not mean shit if you are failing/refusing to account for broader concepts, including zooming out ur lil selfie a wee bit MOAR broader than you seem to be zoomening.


Sell everything now & buy back at $8000 in 2022.

You are saying dumber and dumber things, the further I read your post.  Billy is in a fantasy-landia and does not know the asset about which s/he/it speaks.

My name is Billy not Silly.

Yes.  An admission against interests, silly billy.

Sell everything ASAP.

The vast majority of peeps here know that you neither sell everything, and you also do not wait very long before buying back, in the event that you do sell some BTC for insurance purposes.

In other words, one of the strongest and most tried and true methodologies in bitcoinlandia has been to employ some variation of HODL and/or accumulating strategies, so a selling strategy, especially after already going through a 56% correction seems to be the opposite of smart in the best case scenario and more likely a kind of gambling rather than having any kind of rational and meaningful justification for anyone who may well be considering ways to improve their lot in life by including bitcoin as one of their tools rather than making their lot(s) MOAR worser.

In which moment do you guys take off your moon suits & admit to yourselves that the top is in for this cycle & there is now the beginning of a long bear market? There is no life in this bull now, the transition to bear is happening in front of your eyes. I am calling $10000 by the end of this year. Head & Shoulder formation playing out, we are going down town.

Sell everything now & buy back at $8000 in 2022.

My name is Billy not Silly. Sell everything ASAP.

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Merit 4

Which was the dumbass giving you…

Let me have a look  

*edit, Damn @Loyce…. ‘T kaf van ‘t koren scheiden

hahahahaha

This might be one of those examples in which "mistakes were made"   Wink

A quick look into WO future



Some of us are already there...

So what else is new, newbie billy no coiner?
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July 13, 2021, 11:01:26 PM


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July 14, 2021, 12:01:34 AM


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vapourminer
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what is this "brake pedal" you speak of?


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July 14, 2021, 12:54:53 AM

ok so this poll

"Which price is bitcoin going to reach first? 25k or 50k (credits to Jay)

like i hope it concludes at some point, this year even, maybe. this ever sideways between those values is making me dizzy.
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July 14, 2021, 01:00:14 AM
Merited by El duderino_ (4), JayJuanGee (1)

The price is to damn low….


Though price is giving me a pleasant feeling as well, remember the moment buying BTC on the low and having a bearmarket where previous lower buyers where in the situation I’m in now…. The price is to damn low but much more comfortable as previous 3 years  Cool

I consider never seeing Vegeta again as a major win. Smiley
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July 14, 2021, 01:01:26 AM


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July 14, 2021, 01:41:41 AM
Merited by xhomerx10 (1)

Quote a source? All the IRS is doing at the moment is trying to not sink. 35 million backlogged tax returns that have to be processed manually. Does the IRS have "criminal" investigations going on? Of course they do, I imagine it happens all the time. Will they file against every business that has touched Bitcoin? I don't think it would be physically possible.

Opsec precludes me from going into further details. IRS Criminal Investigation agents pursue thousands of cases per year. Bitcoin-accepting businesses are in their sights and the summons they issue (without any supporting evidence that a warrant would require) demand copious amounts of financial documentation. If you never ran a business that advertised accepting bitcoin, laugh me off as a wingnut making shit up. IRS agents are not trying to "clear things up", they are trying bust you. Please, if you are contacted, get a lawyer.
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July 14, 2021, 02:01:26 AM


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