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

[d_eddie]

I always liked ramen anyway.

[philipma1957]

And if someone thinks the integration of Bitcoin is a nothing burger, think this. When someone wants to buy with credit cards some items, there are numerous limitations by the card issuers. There is a day limit, a week limit, a monthly limit, and other obstacles which prevent the users from buying more items. Imagine the hassle of someone buying goods for $10K+ going to many banks, transferring money to multiple cards with limits like $2-3K and so on. I personally, would have bought 10x more items on amazon if I had the option to use bitcoin. When I had to buy for a short time many gpus, I used 2 credit cards. It seemed transactions were made, but then I received a message they were denied. Some limits activated and I couldn't unblock the cards for weeks. Finally, I had to make calls to my card issuer, explain the situation, call amazon support, until the items were canceled and the money refunded. And this happens all the time with new variations like the laughable 3d secure thing.

I can sympathize with all the hassles you list of using fiat/credit to purchase things. But until I, and all other Americans, can purchase bitcoin with 0% fees, and can make purchases to any merchant without triggering a taxable event, then having integration of Bitcoin into online merchants does absolutely nothing for us. Period. Using fiat is not only easier, but logically is preferred.

I still don't understand why bitcoiners don't get this.

I feel they will be forced to make a low level limit that is not tax reportable.

If you go to a racetrack in the USA and bet 2 dollars on a triple it hits and pays $600 or more reportable you can not cash the ticket without id.

But if you hit the triple for 599 no id required.

I think LN under 500 usd value  in a day may end up not reportable.  Of course I would not expect to see this in at least 4 years or 5 years time. Sometime after the 2024 election.

[Tuco Benedicto Pacifico]

Just in case...

https://www.adl.org/news/press-releases/paypal-partners-with-adl-to-fight-extremism-and-protect-marginalized

https://www.reuters.com/technology/exclusive-facebook-tech-giants-target-manifestos-militias-database-2021-07-26/

The good people...sry...The Good People of Big Tech have joined forces to really, really protect the innocent from extremism and hate. Finally! If you are deemed an extremist, - after careful, responsible and fully transparent non-biased due dilligence - you MIGHT get in trouble with heroes like PayPal, FB, MS, Reddit, Alphabet, AirBNB and Twitter (among others).  With all of them all at once, that is (thanks to a shared database).

I am posting this here because of the "Hate on Display(TM) Hate Symboly Database" that the Anti Defamation League has published on its website.

https://www.adl.org/hate-symbols 

In there, you will find....drumroll... the WO-handsign, incorrectly referred to as "Okay Hand Gesture". Thankfully, everyone in here who has posted this gesture in the past will be totally unaffected, thanks to the very strict quality control measures guiding the decision making process our overlo....friends apply.

Just in case...

[ChartBuddy]

Explanation

[UnDerDoG81]

Just in case...

https://www.adl.org/news/press-releases/paypal-partners-with-adl-to-fight-extremism-and-protect-marginalized

https://www.reuters.com/technology/exclusive-facebook-tech-giants-target-manifestos-militias-database-2021-07-26/

The good people...sry...The Good People of Big Tech have joined forces to really, really protect the innocent from extremism and hate. Finally! If you are deemed an extremist, - after careful, responsible and fully transparent non-biased due dilligence - you MIGHT get in trouble with heroes like PayPal, FB, MS, Reddit, Alphabet, AirBNB and Twitter (among others).  With all of them all at once, that is (thanks to a shared database).

I am posting this here because of the "Hate on Display(TM) Hate Symboly Database" that the Anti Defamation League has published on its website.

https://www.adl.org/hate-symbols  

In there, you will find....drumroll... the WO-handsign, incorrectly referred to as "Okay Hand Gesture". Thankfully, everyone in here who has posted this gesture in the past will be totally unaffected, thanks to the very strict quality control measures guiding the decision making process our overlo....friends apply.

Just in case...

Wait until they implement the digital passport to access the internet, attached to a social scoring system. If you aint agree with them and their vision, good night.

Anti-Antifa” images are white supremacist symbols and memes directed against antifa activists. Antifa (short for “anti-fascist”) are left-wing and anarchist activists who focus on directly confronting white supremacists.

And this is the most funny out of your link. Antifa is their privat army for destruction and chaos in inland.

[fr4nkthetank]

Gary Gensler is heading the SEC
https://www.sec.gov/biography/gary-gensler

Hes smart.  You can go do the MIT/sloan class Blockchain and money (https://ocw.mit.edu/courses/sloan-school-of-management/15-s12-blockchain-and-money-fall-2018/), he was the teacher.  I found it pretty interesting, did not agree with all things and had to fast forward a few times (the class is made so people participate and give their opinions so yeah).  But cant get a better SEC Chairman than him.  We will see bitcoin ETFs.  In Canada there are already a couple.

[ChartBuddy]

Explanation

[oHnK]

hahahaha

You opportunist...    

I will agree with you, that there is a need for BTC prices to stay above $35k for several more days.. more than a week longer in order to show another example once again how uie poo-ie, aka the wannabe sorcerer who happens to be a diptwat, happens to be wrong yet another time - even though you had been right for a decent amount of time (was it two months so far?) and hardly can even credit you with that level of happening to be right either.. because you don't know shit.. you just happen to throw out some nonsense, and every once in a while you happen to be correct. takes a lot of talent for those kinds of maths and sciences, no?

As far as I know that BTC price movements are based on fundamental issues such as countries that legalize or not, regulations on BTC, networking and mining, and many other things.  Regarding yesterday's conversation between EM, Jack, and Cattie, ​​the next day the falling BTC price slowly started to rise, I suspect it was just the effect of their online meeting yesterday.  Have I misjudged the basis of this price movement?

[cygan]

https://twitter.com/spinte8/status/1419972212896014357

[ChartBuddy]

Explanation

[ChartBuddy]

Explanation

[El duderino_]

[ChartBuddy]

Explanation

[cAPSLOCK]

Explanation

Price action is looking interesting.  I think we are still seeing an uptick of activity/volume, and the price is biased towards rising, for sure.  The bart caused by rumor/fakenews was way more exiting going up and resisted the downside.

I still also feel optimistic about this earning season.  Maybe this is not the one... but even if we just see 2 big players announce they are even dipping their toe in some BTC reserves that would be significant.  I think 2 is a good number... we had that first crazy dude dancing as Microstrategy and then Tesla got up, and second guessed, and got up again...

It would be nice for 2 or 3 or 5 others run up now, and maybe Elon will not keep pulling his pants down. And even if he keeps doing it people will be less interested.

[ChartBuddy]

Explanation

[JayJuanGee]

It ain't over guys...

The Bears are patting themselves on the back after a well placed news release perfectly timed to drop just as we first hit hard against the $40k resistance BUT... that bubbly boiling feeling is still rising up in the market. I would be surprised if we're not knocking on the $40k door again by end of day today. There's not as much resistance though so I'm calling $42k by midnight. (NY time EDT)

I can't say I had time to grab all the coins I need, but all my orders are filled and I ended up w/ 30% more than I actually invested with a total DCA of $31,131 even though I entered at $36k. So if it's time for UP, my bags are packed. Up we GO!

Why are you wanting to come off as a much BIGGER baller than you likely are?

From my understanding of your situation is that you are largely in a BTC accumulation stage, probably for a decent amount of time into the future... maybe 5 more years or perhaps a couple of BTC cycles (which would be 8 years or more).. what is the rush from your perspective for the BTC price going up?  You are considering selling and playing the up down roulette?

Surely, there are some folks who are early on in their BTC accumulation stage who are wanting to shave off some profits when the BTC price goes up, but very many people who are new to bitcoin (or early in their accumulation stages) and they are attempting to consider bitcoin investment as a long term play, so in that regard, they tend to be quite nervous for the first several years into bitcoin in terms of NOT really wanting to sell much if any of their BTC, even if they might be in profits of 50% or even 100% or more.. and some people even get worried about selling too much BTC after they are 3-5x or even higher level of profits in BTC because they are continuing to consider themselves in BTC accumulating for a several years (at minimum).... in terms of trying to reach certain goals.. and sure, if a guy/gal might have an investment portfolio of $100k to $500k, s/he might want to try to get to $2 million or more in these times before really starting to feel comfortable or cocky.

By the way someone who might be fairly aggressive about bitcoin and has a $100k to $500k investment   in BTC might only have a 10% allocation in bitcoin which is between $10k and $50k - and surely might not be enough to really be considering the BTC allocation to something that they could take for granted... and that is assuming both an aggressive stance such as 10% and also assuming that the investor feels that s/he has reached the 10% allocation levels...

For example, there are a lot of newer investors who might be buying their personal home and buying contributing into a 401k (with employer matching funds) or something like that, and then if their goal is to invest 10% of their income, they might not have much left to invest into bitcoin after making some of those kinds of payments into their 401k and their housing payments.. so even assuming that some younger peeps might be able to feel comfortable assessing their total investment portfolio in the $100k to $500k range, their allocation to bitcoin might still ONLY be a relatively small part of that depending on their other investments or how they might be calculating their other investments.  On a personal level, I have never really been feeling very comfortable to assign a very high value to a housing investment or even a business investment because those kinds of investments are not very liquid and there remains a decent amount of uncertainty regarding the extent to which the assessed value is very easy to extract from the property/business.. so maybe even $100k of value might ONLY be reasonably be assessed as $50k or so until you are able to get the cash into your grubby little hands.

So, in the end, one or two cycles seem to be a kind of minimum prudent level before really getting excited to have the BTC price go flying up..   Sure, we cannot really control (or even know for sure) if the BTC price goes flying up either... yet I still have some troubles considering why any newbie BTC accumulator is going to be getting excited about BTC prices going up, unless valuing the BTC in fiat and/or playing around with the trading to attempt to accumulate through trading, which surely is not tend to be as good of an accumulation strategy as just ongoingly buying...

So yeah, for anyone who is going to be o.k. to start shaving off some of their profits and wanting to use some of that money to buy back BTC, then hopefully they have either reached a kind of high level of accumulation already, yet how are they going to know when to shave off or how much to shave off .. well maybe until they start getting closer to their beginning level of fuck you status of a $2 million goal and they can kind of project their fuck you status.. otherwise, it seems that anyone new to bitcoin is not going to be close to fuck you status, unless s/he was already close to fuck you status before getting into bitcoin.

[HI-TEC99]

[fr4nkthetank]

meh dont worry about spending bitcoin.  I have the equivalent of what...5000$ dogecoin socks, who else can say that ?  Im the richest mofo in the room if you measure it by sock value

[ChartBuddy]

Explanation

[HI-TEC99]

meh dont worry about spending bitcoin.  I have the equivalent of what...5000$ dogecoin socks, who else can say that ?  Im the richest mofo in the room if you measure it by sock value

You must have bought the pure cotton ones. You can get cheap nasty nylon dogecoin socks from amazon for $10.

Imagine being the guy that ate the bitcoin pizza. One olive of which is now worth $796320.