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

[ImThour]

Only 3 out of the 32 BTC halvings have occurred. You're that early.
A really nice perspective IMO.

https://twitter.com/DocumentingBTC/status/1513634167002734597

[ChartBuddy]

Explanation

[proudhon]

Let's get back to our roots -- wall observing. The order books are signaling more bitcoin wanting to be safe USD than I've seen in a long time. Looks like we're gearing up for a spectacular drop.

[Hueristic]

Let's get back to our roots -- wall observing. The order books are signaling more bitcoin wanting to be safe USD than I've seen in a long time. Looks like we're gearing up for a spectacular drop.

But the barting is so much fun!

[Blue King]

Bitcoin today price 38.7k USD.
https://twitter.com/whowhathow5/status/1513612953466990592

[Biodom]

<words>

My takeaway, FTA: "all signs point to the vaccinated bearing the brunt of repeat Covid infections and the immune deficits"

Those 'words' (from the mouth of MoA 'source') are pseudo-scientific gibberish.
What 'signs'? In the sky?
Here is the reality:
https://www.nytimes.com/interactive/2021/us/texas-covid-cases.html (check 90 days and ALL)

However, it is OVER now as far as MANDATORY stuff and I don't intend to do any more boosts and always rejected the 'mandatory' part.
Isn't the COVID over? It is in most peoples minds, even so it is not fully true.

Was it a great overreaction and governmental panic?
Maybe it was, but bitcoin benefited greatly (moved from 8-10K to 30-50K), so there is that.

[Torque]

So looks like the whales are gunning for Bitcoin sub $40k and Eth sub $3k. It's mostly the Eth shitcoin market they play these days.

Trying to spook the n00bs to panic sell again. Typical.

Ah, there it is... predictable bs.

And the MSM is right on cue with the FUD...

https://www.cnbc.com/2022/04/11/bitcoin-falls-about-5percent-as-investors-assess-global-macro-risks.html

[Biodom]

I feel like we’ll see some established posters pull a mindrust in the coming months. Who’s your money on?

Just remember, short to medium term price moves mean nothing. Fiat is dog shit, 1BTC = 1BTC. If we enter a bear market now, use it to your advantage & increase your stash.

For what it’s worth, I think we’ll go under $30,000 at some point in the next 12 months. We won’t go sub $20,000 though. $100,000 & much higher is a guarantee in 2024/25 after the next halving. Be smart, if you panic then you’re looking at too low a time preference. $100,000 & beyond in under 3 years, any kind of significant dip now is a gift.

Keep calm, HODL & stack, King’s.

"Who’s your money on?"
On you and BLB?  
It's quite realistic, if you consider the past disclosures, albeit maybe not the "full midrust" (100%), but rather a "mindrust-lite" (50-75%).
Hairy already sold out, perhaps,..based on his chronic absence. The "fractal" did not pan out in the long run.
Some other folks are gone too (gentlemand? Last of the V8s?).

[ChartBuddy]

Explanation

[HI-TEC99]

Let's get back to our roots -- wall observing. The order books are signaling more bitcoin wanting to be safe USD than I've seen in a long time. Looks like we're gearing up for a spectacular drop.

Have you considered dumping your thousands of bitcoins, then buying more back cheaper like you did in 2012?

I've got > 2000 and < 5000.  Last year when I started I remember thinking "I hope one day to have 200".  On then on the way down from $32 I kept scooping them up with my biggest haul coming in at $2.4x after the last $2.00 bounce.

Math and science.

[BobLawblaw]

Hello there.

"Who’s your money on?"
On you and BLB?  

Not gonna happen. It's beyond the scope of any rationality for me to blow my entire stack at this point.

I still purpose-sell when needed for major projects, or other reinvestments, but... yeah.

Bet on someone else.

I'm too heavily invested into corn to pull a Mindrust.

I'll ride corn down to absolute $0.0 USD.

What to know why?

Because I'll be buying all that shit up before it hits $0.0 USD.

Ya dig?

Actually seriously considering liquidating a fiat portfolio to buy more corn if it hangs below $39k for much longer. Still have tax due in a few days; and have some left-over dues, so... I'm tapped out of reasonable extra liquidity entirely for at least the rest of the week.

[HI-TEC99]

...

Still have tax due in a few days...

How does the US tax system work? Does a business pay at the start of the new year, and citizens pay in April?

[Biodom]

...

Still have tax due in a few days...

How does the US tax system work? Does a business pay at the start of the new year, and citizens pay in April?

You can file to extend documentation to October, if you want, as long as you paid 100% in April.
Corp: by the 15th day of the third month following the tax year (March 15 for calendar year).
LLCs-flowthrough to individual tax if single member, then there are franchise taxes (TX-in May).
Last year I had to pay a bit, then they hammered me with high estimated payments and now it looks like I overpaid.
Impossible to get it right (either you have paid too much or too little almost every time).

[ChartBuddy]

Explanation

[xhomerx10]

...

Still have tax due in a few days...

How does the US tax system work? Does a business pay at the start of the new year, and citizens pay in April?

 Most citizens have their taxes taken at source every pay period.  The fortunate few who make money "investing" will have to cough up some more tax money by the deadline or face interest and penalties on any amount owing.  Ditto for the unfortunate many who have second jobs and/or side gigs which don't extract enough tax-at-source because they haven't included the income from your other job(s) in their calculations.

[marcus_of_augustus]

https://mobile.reuters.com/article/amp/idUSL1N2UM1C7

TL; DR: Fact Check-‘VAIDS’ is not a real vaccine-induced syndrome, experts say; no evidence COVID-19 vaccines cause immunodeficiency

https://www.google.com/search?client=firefox-b-d&gbv=1&q=Who+is+on+the+board+of+Pfizer+and+Reuters%3F&oq=&aqs=
Google "Who is on the board of Reuters and Pfizer?"

Albert Bourla Chairman of the Board, Chief Executive Officer

Frank A. D'amelio Chief Financial Officer, Executive Vice President

Angela Hwang Group President - Pfizer Biopharmaceuticals Group

Lidia Fonseca Executive Vice President, Chief Digital and Technology Officer

[marcus_of_augustus]

<words>

My takeaway, FTA: "all signs point to the vaccinated bearing the brunt of repeat Covid infections and the immune deficits"

Isn't the COVID over? It is in most peoples minds, even so it is not fully true.

... acquired immunodeficiency doesn't really work like that ... it's not over until people stop getting sick ... from genetically-engineered virus or genetically-engineered mandated jabs ...

... you've really become a despicable apologist for some very greedy, very powerful and abusive people ... imho.

[HI-TEC99]

...

Still have tax due in a few days...

How does the US tax system work? Does a business pay at the start of the new year, and citizens pay in April?

You can file to extend documentation to October, if you want, as long as you paid 100% in April.
Corp: by the 15th day of the third month following the tax year (March 15 for calendar year).
LLCs-flowthrough to individual tax if single member, then there are franchise taxes (TX-in May).
Last year I had to pay a bit, then they hammered me with high estimated payments and now it looks like I overpaid.
Impossible to get it right (either you have paid too much or too little almost every time).

I seem to remember people blaming early January bitcoin dumps on miners/traders having to sell to pay US taxes. Is that bullshit?

[Biodom]

<words>

My takeaway, FTA: "all signs point to the vaccinated bearing the brunt of repeat Covid infections and the immune deficits"

Isn't the COVID over? It is in most peoples minds, even so it is not fully true.

... acquired immunodeficiency doesn't really work like that ... it's not over until people stop getting sick ... from genetically-engineered virus or genetically-engineered mandated jabs ...

... you've really become a despicable apologist for some very greedy, very powerful and abusive people ... imho.

apologist? i have no connection to any of the companies or the people involved.
I did not even invest in vax companies as moderna had a huge market cap even beforehand (now it is positively obsene).
I just note that waxing about problems (like that dude in your quote) does not seem to correlate with reality (the number of the sick and the dead).

Heck, maybe COVID antibodies make all those vaxxed reluctant to invest in bitcoin? As good a hypothesis as any because I fail to understand why the masses still DO NOT do it truly en masse.

[Biodom]

...

Still have tax due in a few days...

How does the US tax system work? Does a business pay at the start of the new year, and citizens pay in April?

You can file to extend documentation to October, if you want, as long as you paid 100% in April.
Corp: by the 15th day of the third month following the tax year (March 15 for calendar year).
LLCs-flowthrough to individual tax if single member, then there are franchise taxes (TX-in May).
Last year I had to pay a bit, then they hammered me with high estimated payments and now it looks like I overpaid.
Impossible to get it right (either you have paid too much or too little almost every time).

I seem to remember people blaming early January bitcoin dumps on miners/traders having to sell to pay US taxes. Is that bullshit?

Not entirely because if you made sweet gains or mined lots of btc, especially at higher prices by the end of the year (as it happens frequently), then you might want to sell enough to fulfill your tax obligation (at least for estimated taxes) that come mid January. If you had a large realized gain (or income), but carried all of it to April, you would incur penalties and/or be unable to pay the tax at all. Example: gained $100 in Dec, need to pay $25 in April, but your btc declined to $20. You are out of luck: have to pay, but funds are insufficient.