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

[OutOfMemory]

Low IQ would accompany this sell attempt

This dip for ants?
Ants are only causing trouble when appearing in masses 

Yesterday i was thinking about opening a leveraged long position until december, but i would have to pay taxes for closing it within 12 months 

Wait, so you wanna take an opportunity/bet and when gaining/winning money you don't have, you would be angry paying taxes

So you prefer not having any at all??      

Me not a trader or any..... But i mean you believe in gaining and don't wanna gain bc you have to pay some off?

Oh, i'm not greedy at all.
This needs more explanation: I would have to pay taxes for the closing, before EOY and additionally income taxes until Q2 the following year. My goal would be to gain more BTC, but at the current state of law, the gain would have to be calculated in fiat equivalent, so i would have to sell a part of my BTC gains right after closing the long. If i sold the tax part later, when we're maybe in a bear market again, the gains (in terms of BTC) would be a lot smaller. Hereabouts the law says a trade is taxable if the holding time is below a year. Now, if i sell BTC in advance for paying taxes, this amount will also be income-taxed, which i think can safely be called double-taxation.
Make a mistake and they charge you a fine, too.
It would have been a good idea to 10x at least, but on a 10% dip i'd be pretty fucked. The main goal is to preserve and grow the stash, so at my level of risk-adversity it looks like a no-go. I would probably have gone x2 or x3.

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[JayJuanGee]

Today is a good day: even if i think was scammed for the FIRST time in crypto world (well, second, but the other was a complete different story) and my stocks are plumbing, I am currently drinking expensive wine and I am richer and richer than before. Fells good being on the bitcoin train  

You should know better...

Don't be fucking around with shitcoins!!!!!

You think that the word crypto has any meaning here?  Except something to be denigrated, and you want to tell us how you scammed ur lil selfie by getting involved in that crap?

Observing $51444.

Next stop $54444.

52800 looks like the number to watch. Breaking above that and 60k will fall shortly thereafter

A nice intermediate number is $55555.

The finex 24 hour high is $55555.

Stamp next.

Yep.. I remember your round number being hit when I looked at my phone app.. soon after it had been hit... hahahahaha.. listed $55,555 as the daily high..   Not a bad number, for sure.

Low IQ would accompany this sell attempt

This dip for ants?
Ants are only causing trouble when appearing in masses 

Yesterday i was thinking about opening a leveraged long position until december, but i would have to pay taxes for closing it within 12 months 

Wait, so you wanna take an opportunity/bet and when gaining/winning money you don't have, you would be angry paying taxes

So you prefer not having any at all??      

Me not a trader or any..... But i mean you believe in gaining and don't wanna gain bc you have to pay some off?

Oh, i'm not greedy at all.
This needs more explanation: I would have to pay taxes for the closing, before EOY and additionally income taxes until Q2 the following year. My goal would be to gain more BTC, but at the current state of law, the gain would have to be calculated in fiat equivalent, so i would have to sell a part of my BTC gains right after closing the long. If i sold the tax part later, when we're maybe in a bear market again, the gains (in terms of BTC) would be a lot smaller. Hereabouts the law says a trade is taxable if the holding time is below a year. Now, if i sell BTC in advance for paying taxes, this amount will also be income-taxed, which i think can safely be called double-taxation.
Make a mistake and they charge you a fine, too.
It would have been a good idea to 10x at least, but on a 10% dip i'd be pretty fucked. The main goal is to preserve and grow the stash, so at my level of risk-adversity it looks like a no-go. I would probably have gone x2 or x3.

Neither leverage nor short term plays are good moves, unless you have sufficient capital to cover if the market goes against you.

I am all for making money.. but nothing is guaranteed, including in bitcoinlandia... so you have to account for that, too.  The ONLY way that it is guaranteed if you have already bought.. like 4 years ago, or more.. then just sit back and enjoy the upsie funzies that we have been having and likely to continue to have.. stress free.. more or less, except to the extent that sometimes it can be a wee bit stressful to see how much monies u be making and how much MOAR richies you be becoming without even trying (and sometimes maybe even feeling some level of imposture syndrome.. perhaps? perhaps?).

[bitcoinPsycho]

On the 4th December 2018 Bob sent me 0.00077868 BTC
to buy a drink . It's now worth £32  THANK YOU BOB

[HI-TEC99]

the best technical analysis i have seen so far ... and the best thing about it is, it's right! 🚀💎🖐


https://twitter.com/BTC_Archive/status/1445803672370237444

Technical analysis is bullshit. You should rely on trading software instead.

[Wekkel]

The best trading software is in your head:

Is this going to be bigger or smaller in 10 yrs time? Bigger of course => HODL.

[ChartBuddy]

Explanation

[shahzadafzal]

First bitcoin, then ……?

It’s Bitcoin. Full stop. If you still think any thing else? You need to rethink your life choices.

There’s no second.

[AlcoHoDL]

On the 4th December 2018 Bob sent me 0.00077868 BTC
to buy a drink . It's now worth £32  THANK YOU BOB

On 17th January 2020 LFC_Bitcoin sent me 0.00587 BTC (then $50) as prize money for winning his game.
It's now worth $324. Thank you LFC.

[HI-TEC99]

The best trading software is in your head:

Is this going to be bigger or smaller in 10 yrs time? Bigger of course => HODL.

10 yrs time?

Lambos.

Now?

[Elwar]

Tiptoeing into the world of BTC loans I discovered that the DeFi (BiFi) version presents the opportunity for those in dollars to make over 20% return on their USDT stake.

This reminds me of the early days of loaning dollars on BitFinex when the price was shooting up to $1200. The yearly earnings of staking your dollars on the exchange for people to use to long BTC were up in the 20-30% range. Meaning that even if you didn't believe in bitcoin you could get a significant return on your dollars just by lending to those that do believe.

But even with such high returns I still wouldn't sell my bitcoin to put in at that rate.

When I sold my house years ago (when the price was $650/BTC) I had in the back of my mind that high interest rate. So I immediately converted it all to bitcoin with the idea that I could just put that $100k+ on Bitfinex and get a cool $30k or so per year. But I never got around to it.

I was worried that Bitfinex would do a Gox (which it actually did...but they paid everyone back).

But with this BiFi approach the only worry would be USDT or USDC going away.

I wish my family would listen to me on my advice for their funds. I told them to buy at $17/BTC. Even just parking their money and getting 20% is not a bad deal. A few bought just under $9k when I told them that the price was about to shoot up. And then it did. I gave my mom 10 BTC a while back for her birthday and she sold it when the price jumped to $1000.

[shahzadafzal]

Bitcoin Market Cap. $1,037,441,381,978

Yes that’s $1 Trillion.

I remember someone here on WO someone said bitcoin will never be $T again in Market Cap.

[bitcoinPsycho]

On the 4th December 2018 Bob sent me 0.00077868 BTC
to buy a drink . It's now worth £32  THANK YOU BOB

On 17th January 2020 LFC_Bitcoin sent me 0.00587 BTC (then $50) as prize money for winning his game.
It's now worth $324. Thank you LFC.

YES!!!!

[HI-TEC99]

Tiptoeing into the world of BTC loans I discovered that the DeFi (BiFi) version presents the opportunity for those in dollars to make over 20% return on their USDT stake.

...

But even with such high returns I still wouldn't sell my bitcoin to put in at that rate.

...

Wise move.

[fr4nkthetank]

speaking of returns I wrote a small piece on the latest hip trend
https://bitcointalk.org/index.php?topic=5364329.0

Should'of, could'of, would'of.  Is bitcoin going to be dead in 10 years ?  Maybe, but thats a very very very very low probability.  So the math says to buy and hold.  There is no other trading strategy that works.  Maybe 1-2 or 3 bitcoin is more than enough honestly, people are already starting to talk in terms of sats.   

[OutOfMemory]

Low IQ would accompany this sell attempt

This dip for ants?
Ants are only causing trouble when appearing in masses 

Yesterday i was thinking about opening a leveraged long position until december, but i would have to pay taxes for closing it within 12 months 

Wait, so you wanna take an opportunity/bet and when gaining/winning money you don't have, you would be angry paying taxes

So you prefer not having any at all??      

Me not a trader or any..... But i mean you believe in gaining and don't wanna gain bc you have to pay some off?

Oh, i'm not greedy at all.
This needs more explanation: I would have to pay taxes for the closing, before EOY and additionally income taxes until Q2 the following year. My goal would be to gain more BTC, but at the current state of law, the gain would have to be calculated in fiat equivalent, so i would have to sell a part of my BTC gains right after closing the long. If i sold the tax part later, when we're maybe in a bear market again, the gains (in terms of BTC) would be a lot smaller. Hereabouts the law says a trade is taxable if the holding time is below a year. Now, if i sell BTC in advance for paying taxes, this amount will also be income-taxed, which i think can safely be called double-taxation.
Make a mistake and they charge you a fine, too.
It would have been a good idea to 10x at least, but on a 10% dip i'd be pretty fucked. The main goal is to preserve and grow the stash, so at my level of risk-adversity it looks like a no-go. I would probably have gone x2 or x3.

Neither leverage nor short term plays are good moves, unless you have sufficient capital to cover if the market goes against you.

I am all for making money.. but nothing is guaranteed, including in bitcoinlandia... so you have to account for that, too.  The ONLY way that it is guaranteed if you have already bought.. like 4 years ago, or more.. then just sit back and enjoy the upsie funzies that we have been having and likely to continue to have.. stress free.. more or less, except to the extent that sometimes it can be a wee bit stressful to see how much monies u be making and how much MOAR richies you be becoming without even trying (and sometimes maybe even feeling some level of imposture syndrome.. perhaps? perhaps?).

There it is, you named some other reasons why i didn't do it  

However, i can't imagine it to be stressfull in the mentioned situation, because i don't have to sell more than i need to (or feel comfortable with).
That imposture syndrome suggestion is beyond my understanding, though.

[xhomerx10]

 Man, if she did that for good luck, it worked!

[Richy_T]

I kinda like the fact that there were no numbers at the top. They can distract people into thinking they have some kind of importance.

They kinda let you know the current spread (though I don't know if anyone cares) plus the charts are thumbnailed so they kinda give you an idea of where things are at without having to load the big version. The next iteration I'm thinking of would de-emphasize them though.

[ChartBuddy]

Explanation

[PoolMinor]

Just clicked on "Explanation" and saw the first ChartBuddy image. 2015. Just look at the price.



HoDL, brothers, HoDL!

This will soon be the price USD/mBTC.

[JayJuanGee]

I gave my mom 10 BTC a while back for her birthday and she sold it when the price jumped to $1000.

Exactly goes to show how little anyone appreciates how much efforts and will power it has taken for many of us to hold our bitcoin for so damned long... it's all free money when receiving a gift, including the snot-nosed brats that likely do not deserve to get their grubby little unappreciating hands on such bitcoin... There surely may be some exceptions to this general principle, but not too many exceptions.

speaking of returns I wrote a small piece on the latest hip trend
https://bitcointalk.org/index.php?topic=5364329.0

Should'of, could'of, would'of.  Is bitcoin going to be dead in 10 years ?  Maybe, but thats a very very very very low probability.  So the math says to buy and hold.  There is no other trading strategy that works.  Maybe 1-2 or 3 bitcoin is more than enough honestly, people are already starting to talk in terms of sats.   

You fucking dweeb shill...

You provided a link to a shitcoin pump... .one of the unique ways of leading yourself into getting posts removed from the WO thread.. pump shit.

[edited out]

That imposture syndrome suggestion is beyond my understanding, though.

Whoops..
I misspelled it.    Impostor syndrome

It's just the idea of feeling that you do not deserve all of the luck/fortune that is upon you.