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

[chessnut]

Me thinks whales are concerned about future taxing and capital gains on btc.



I shorted at 590, so fuck it, I will shotr moar at 525.

short at 525? madness. there only so many fools to sell and you cant count on fools.

we are looking for the bottom now.

[adamstgBit]

Me thinks whales are concerned about future taxing and capital gains on btc.



I shorted at 590, so fuck it, I will shotr moar at 525.

EEEE i don't want to invest in bitcoin because it will go up like crazy and i will have gains to declare
EEEE sooo mmmm ill buy some stocks so i can declare losses  


ya ok.

[chessnut]

EEEE i don't want to invest in bitcoin because it will go up like crazy and i will have gains to declare
EEEE sooo mmmm ill buy some stocks so i can declare losses  


ya ok.

LOL

[tarmi]

Me thinks whales are concerned about future taxing and capital gains on btc.



I shorted at 590, so fuck it, I will shotr moar at 525.

EEEE i don't want to invest in bitcoin because it will go up like crazy and i will have gains to declare
EEEE sooo mmmm ill buy some stocks so i can declare losses  


ya ok.

no, better take profits now and pay no taxes.

[cbutters]

no, better take profits now and pay no taxes.

so are you better of to sell your BTC, then immediately buy it again?

[boumalo]

taxing capital gains is often taxing inflation

People are now saving in BTC and are beginning to understand that their money isn't safe in banks, look at what happens each time there is a bank run : people can't withdraw more than small amounts each day or each week, it happened in Cyprus, it is happening in Crimea and it will happen in Europe

Everyone is going to get the advantages of being in control of your money and that a central authority cannot create more of that money when the USD Euro and Yen purchasing power will collapse in a short period of time

[tarmi]

no, better take profits now and pay no taxes.

so are you better of to sell your BTC, then immediately buy it again?

I paid them 30 bucks each. so fuck yeah - its good time to short, sell, whateva.

[billyjoeallen]

taxing capital gains is often taxing inflation

I never thought about that before, but you're right. They're taxing a tax.  The criminal part of my mind thinks that is the best scam ever. Now I wonder how you could tax a tax on the tax. A 1040 filing fee?

[lemonte]

More reputable news sources are calling FUD:
http://www.wantchinatimes.com/news-subclass-cnt.aspx?id=20140326000064&cid=1102

Meanwhile...
http://gigaom.com/2014/03/27/stripe-launches-a-bitcoin-pilot-for-mobile-internet-payments/

EDIT: Just a 'what if?' article but fits in well with the development on identities, links, emails etc. integration.

Is the first article referring to today's events or last Fridays?

[seleme]

Me thinks whales are concerned about future taxing and capital gains on btc.



I shorted at 590, so fuck it, I will shotr moar at 525.

EEEE i don't want to invest in bitcoin because it will go up like crazy and i will have gains to declare
EEEE sooo mmmm ill buy some stocks so i can declare losses  


ya ok.

no, better take profits now and pay no taxes.

That's extremely stupid if one thinks there is a single chance of Bitcoins going much higher. BTW, I'd hate to live in a country where state knows what you have on some Bitcoin exchange

[Adrian-x]

You guys are strange while taking any kind of discussion about Bitcoin with Jorge. He never owed one, he says he never will, his "whateveritiscalled" Chinese and Bitstamp predictions are crap, all in all his views are worthless.

Lol, I offered to give him 1XBT, he turned it down equating it to crack.

[Spaceman_Spiff]

taxing capital gains is often taxing inflation

I never thought about that before, but you're right. They're taxing a tax.  The criminal part of my mind thinks that is the best scam ever. Now I wonder how you could tax a tax on the tax. A 1040 filing fee?

It's not really a tax on a tax, it's a way to (partially) undo your escape from a hidden tax.

Lol, I offered to give him 1XBT, he turned it down equating it to crack.

Nonsense, crack isn't as addictive as bitcoin   .

[adamstgBit]

i was able to stop smoking bitcoins for 2 days then i totally lost it, i had to have me some bits.

[derpinheimer]

i was able to stop smoking bitcoins for 2 days then i totally lost it, i had to have me some bits.

lmfao

---

Ask wall pulled -- will it be dumped? :O

You guys are strange while taking any kind of discussion about Bitcoin with Jorge. He never owed one, he says he never will, his "whateveritiscalled" Chinese and Bitstamp predictions are crap, all in all his views are worthless.

Lol, I offered to give him 1XBT, he turned it down equating it to crack.

If you're having trouble getting rid of that XBT, I can take good care of it for you. Thanks!

[Adrian-x]

Lol, I offered to give him 1XBT, he turned it down equating it to crack.

Nonsense, crack isn't as addictive as bitcoin   .

Lol, Jorge thinks it is as addictive, I agree somewhat, then I realized I'm addicted to civilization too, so I justify my Bitcoin addiction as it is going to sustain my civilization addiction.

But basically he is here to troll. I can't see me spending so much time at forum of something I find not interesting and destined to fail.

I think he is doing a valid research program for TPTB.

[FullLife]

i was able to stop smoking bitcoins for 2 days then i totally lost it, i had to have me some bits.

Sounds serious, you should probably seek some help for this terrible affliction.

[adamstgBit]

i was able to stop smoking bitcoins for 2 days then i totally lost it, i had to have me some bits.

Sounds serious, you should probably seek some help for this terrible affliction.

thats what my wife keeps saying.

[Adrian-x]

What would be a good way to determine the number of market participants in bitcoin? Do the biggest exchanges for instance disclose the number of unique accounts?

Genuinely interested, what do people think will happen to the price in the next 3 months if the Chinese news is real?

To the moon, only Chinese coins on the market will come from international travels avoiding capital controls.

[JayJuanGee]

What I'm saying is that these bitcoinwisdom line drawing attempts aren't trustworthy speculations. It wouldn't be worth of mentioning when the majority of the forum wouldn't consider them as trustworthy. When MtGox crashed, then the majority thought that we are back on an uptrend just because couple of reputable baffoons drawed couple of lines, that "proved" this. If the market were smarter, then everyone would earn more money. This unstable market that is lead by chaotic desperation and illusions, isn't very attractive any more, and I really want it to be attractive! So smarten up ffs and stop drawing lines and start concentrating at the general nature of the market.

You are appearing to be so bitter to merely criticize and attack and denigrate without offering any meaningful alternatives.    You seem to be suggesting to predict BTC prices by just doing whatever feels good or feels right at the time... little objective guidance with those kinds of abstract considerations. 

YES, maybe line drawing is NOT the be all end all.... and few are saying that it is...

Surely there are other pieces of evidence that can be accounted to consider the price direction of BTC besides line drawing, and I think everyone agrees to that.. Also, everyone seems to agree that the past does NOT predict the future and that various variables can alter the line drawing predictions... so in this regard, you seem to be attempting to attribute much more predictive value to the line drawings than the line drawers themselves are attributing to such lines.

Is it really hard to understand these simple concepts:

Shutdown of an important market = Loss of demand caused by closing an important channel of incoming flow = Price lowers
Shutdown of an important market, together with the loss of customer funds = Bigger loss of demand, caused by closing an important channel + loss of trust towards the entire market system = Price lowers even more

THE thing to consider with cryptos are the markets. How many markets there are in different geographical places and how comfortable do people feel in using them. This is the main factor that creates demand, so it's the most important factor to consider, since supply is relatively stable and predictable. And you can't understand this aspect by drawing lines in graphs. You could get better predictions by using volume in that equation, not just draw a line between bottoms and tops. But volumes can be faked in crypto, so it's not solid either. Stable trends only apply to markets that are very stable. Where things like 4 seasons of the year or restrictions of the law affect the price in the repeating pattern. Drawing lines in the crypto market is insanity, because the entire market is based on speculation and the entire environment is quickly changing. You have to think on your feet to trade effectively, not just draw lines. I think that the mindless line drawers are the reason on why there is so much uncertainty and confusion. They are leading the people to look at things that doesn't matter and then again everyone will be surprised that why didn't it go like this. And always after the line drawer predictions didn't come through, then they begin acting like they knew about this all along, and the lemmings forgot how certain they were about their lines just couple of weeks ago.

Surely there is some truth to what your saying; however, in my view you are being way to emphatic and denigrating about it.  And, you are engaging in a lot of generalizations in order to denigrate line drawers...... so what... ?  let them draw their lines and do whatever, who cares?

Some people will give line drawing weight and others will NOT ... why does it matter?  Some people will be falsely lead by the line drawing b/c they are NOT flexible enough or they fail to take into account other factors that affect and manipulate the market... so what... ? 

I guess my point is that you have made some points, but your point is NOT really any more valid than the line drawers attempting to figure out what to do... and maybe failing to recognize some other important market dynamic.  Let speculators use whatever tools they wish in order to speculate, and each of us can determine how much time we want to spend in that regard or how much weight to give such information derived from such speculations.

[roslinpl]

And another day as I am close to a bed I am thinking of a price in next 24h - and today - I have no any predictions

I just dunno