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Question: What happens first:
New ATH - 43 (69.4%)
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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 26368886 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.)
JayJuanGee
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November 23, 2022, 02:47:28 AM
Merited by Paashaas (1)

CZ going nuts and almost got kicked in the balls.

At first he claimed Coinbase not holding enough bitcoins as claimed.


https://twitter.com/cz_binance/status/1595126765143617536

https://twitter.com/brian_armstrong/status/1595126123439923200

I don't know if it is a kick in the balls that CZ decided to pull down his earlier tweet - because it is good that people are asking these kinds of solvency, liquidation and even verification questions.

When we were bouncing around at $18K I was telling myself that I think the next leg down will be the one to buy.  As we dip into the 15's I can't help but think this is the dip people have been waiting for.  There's still a ton of uncertainty and even more bad news on the horizon, but I think we've gone low enough in the short term (once this Genesis stuff is cleared up).  I think we're likely to start seeing a runup before the halving soon, with a small crash as we go into the halving and people cash out profits, followed by the start of the next bull run.  That's how it's gone in the past anyway.

yea, everyone pretty much knows the "drill" by now, but buying at the lows and selling closer to bumps can still result in 50% more btc in the end, albeit I definitely don't know how to do it.
I typically sell when I need money and buy when I have extra.

In this cycle, I have a more detailed game plan, though. We shall see how it goes.

I just sell when holiday or star resto
I’m almost out of coin


Ah Ha!!!!!!!

I knew it!!!!   Shocked Shocked Shocked


I should have sent my harassing catfood eating and cardboard box sleeping message to you (Dude), rather than having had erroneously sent it to the sweet and innocent (#nohomo) OOM.

I just sell when holiday or star resto
I’m almost out of coin

I hope you don't disappear if you turn into a no-coiner ore are you holding some for longterm WO moon shot festivities?
I would have hoped you could tell when I was speaking nonsense  Grin Tongue

Could you send some kind of a pic (doesn't have to be a pee pic) in order to provide a clue about whether it is for reals or whether nonsense?

yeah me too, and I predict that it is gpoing to get harder and harder to convert your bitcoins to fiat, especially the early ones, that's why I have been selling all year and buying bitcoin cetificates instead. That way I get the money in to the system, and then I can use these "clean" money to buy "clean" bitcoin in the future. I am however saving 10% of my old stash just in case I need some old anonymous coins in the future.
Are you talking about swedish bitcoin ETN (Bitcoin tracker one)?
I bought some in Fidelity, not much, though.
I don't know about Sweden, but in Germany it could be done painlessly since btc cap gains over a year are not taxable.
In US, you would get hit with some tax (depending on exchanged value, could be as high as 23.4% of profits).
No, I'm talking about these four.

https://www.avanza.se/borshandlade-produkter/certifikat-torg/om-certifikatet.html/563966/bitcoin-xbt

https://www.avanza.se/borshandlade-produkter/certifikat-torg/om-certifikatet.html/599180/bitcoin-xbte

https://www.avanza.se/borshandlade-produkter/certifikat-torg/om-certifikatet.html/1164452/valour-bitcoin-btc-zero-sek

https://www.avanza.se/borshandlade-produkter/certifikat-torg/om-certifikatet.html/1264363/track-bitcoin-ii-von

I have my money divided almost equal between the four, and I have them in a ISK, that's an account with very little tax.

https://thewahman.com/swedish-isk/#who-can-open-an-isk-investment-savings-account

In Sweden you pay 30% tax on the gain with a free sum of about 35000 SEK or thereabout if I remember correctly, regardless of how long you have had your coins.

Gollie Gee Whiz.. Huh

Even long term "supposed" bitcoiners afraid to hold their own cornz.. and instead buying corn vouchers.   Roll Eyes Roll Eyes

what a world!  What a world!


What could go wrong.. ?  Asking for a friend.
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November 23, 2022, 03:32:04 AM
Last edit: November 23, 2022, 04:05:54 AM by JayJuanGee

Recently, I was thinking if the BTC ATH would have been higher without the COVID ?

You were thinking?

Well that's a good start.

I don't think I saw this argument on the WO discussion.

We can probably (easily) admit that we wouldn't have seen this crash below 4K$ in march 2020. But at the same time, we would have seen more than 69K$ at the top ?


And.....?

What is the purpose of such an exercise of changing some historical facts?

Does it supposedly help you to see the present facts better?



FED, all central banks all around the world just printed printed brrrrrrrr without any limit or any plan and gave lot a fresh money for Wall Street and all investors to (over) speculate. This situation (at this level) didn't happen since decades.

I know some members here are not agree on it, but the fact is that BTC (or the crypto industry in general) is currently still fucking linked with the tech (nasdaq) movements (except for some specific issues and mess like with LUNA, Celsius, or FTX).

First of all, let's stick to bitcoin here.. Your thinking is going to get even more foggier than it already is, if you want to start to talk about some amorphous topic that you want to label as "crypto"

Ok?  can we stick to bitcoin to at least help to clarify what the fuck "we" are talking about?

Regarding bitcoin, sure it is linked to equities and perhaps NASDAQ in short term periods, but so fucking what?  Who cares?  it is not helping you to understand bitcoin any better merely because you can see that "sometimes" its prices happen to move in the same direction and at the same magnitude as NASDAQ.. but if you zoom the fuck out, you should realize that bitcoin is not actually correlated to NASDAQ or to anything else.

You know why?

The reason why is because it is a new asset class.  A paradigm shifting asset class that allows you to attach value to information in a non-duplicatable way, which in essence contributes to bitcoin serving as a vehicle in which wealth is being transferred in greater degrees and amongst more possible people than ever had previously been possible or experienced.. and the sooner you figure that out (or anyone else for that matter) the better off that you will likely be - so long as you do not get tricked out of your coins.. and you figure out ways to both know the information and to act upon the information in such a way that you are accumulating coins in such a way that you are not gambling to accumulate as much coin as you are able to without overdoing it... not easy for a lot of people... but the asset class and the invention is out there for everyone and anyone to jump on board with even basic skills and basic financial abilities.. can learn as you go, too.

Without this free no limit money, probably the stocks and Nasdaq especially wouldn't go this high till end 2021 / before the war. And probably the same for BTC.

A lot of "what ifs" in there.. Hardly making any sense from this here peep.. to the extent that such a thought exercise is even helpful without some kind of a better context regarding why you think it makes a difference, including your lame attempt to connect everything together..  Roll Eyes
 
It's hard to say, but maybe this allows us to relativize a little bit.  

 Yeah.. Let's relativize.. that should help us to free float, maybe.  Vitalik?  is that you?

Although most of us (myself included) thought that we would go higher than "only" x3.5 from 2017 ATH.

More sloppy thinking when you are measuring from highs.. but at least you are trying to be tethered.  Perhaps?

Hello guys. It's difficult to follow up on all the drama, even if I'm not involved in most of these sites/schemes/shitcoins.
I have some USDC, not much as I'm at the bottom of my buying ladder so mostly in BTC (for my trading stashes), do you think it's safe enough ?

I was thinking I'm good as I can lose that amount without hurting much, but writing this I'm realizing I should probably cancel my sell orders as if USDC crashes, they will get executed and I will be holding bags or a worthless coin.
not sure where your exchange is and not sure if you follow usa tax law, but if you are usa based there is zero reason to have usdc.  Just use USD
He's a frog leg eater.  
Okay he's french a I like frog legs and escargot b I l like Jacques Pepin.

As for how to manage money in France I am pretty much clueless.

From what you quoted Philip, it took me a wee bit to sort out which portion of your cited post was your actual response..

You might want to fix your quotes in the original.  Perhaps..? or just leave it in its current ambiguous state of affairs.

Regarding managing money in France.. I know every lil thing that everyone and anyone needs to know, whether a frog leg eater or no.  

The money managing 'vices are the same no matter your world location or even if you might happen to be out of this world.

Here's the essence of it:  Buy ur lil selfie some bitcoins.

Buy as many cornz as you can, as soon as you can, but not more than you can afford to buy based on figuring out your own particulars.  Try to keep the vast majority of your lil precious in some form of private storage, but it is ok to keep relatively small amounts on exchanges (or with third parties) and/or to keep your options open regarding being able to sell some of your BTC at a time of your own choosing, or to maintain your BTC stash through your life, even if it might take you 4-10 years or longer to really establish your BTC position in a solid way and to really get some ideas regarding how to maintain and liquidate some of your cornz along the way in your becoming a bitcoiner and living as a bitcoiner journey.. but of course, you do not necessarily even get to maintaining and/or liquidating of dee cornz until you have sufficiently and adequately accumulated them first.  

It's likely a life-long journey of learning and potential a life-long path to satisfaction so long as you don't screw it up too much along the way and try to learn (and keep learning) as you go rather than merely seeking short-term fiat richness, gambling and/or lacking in focus.. focus ur lil selfie on dee cornz.. focus on dee cornz.. .  

Your milage may vary.

Pretty straight-forward, and not even country-specific while at the same being applicable to any country, no matter which country or even applicable to no country at all.

Go figure (literally)  or not.  Do what you like.. it's a free country.. the last I checked

 Wink
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November 23, 2022, 04:05:06 AM
Merited by xhomerx10 (1)

♪ ♫ ♬I say, we can hodl if we want to
We can leave your friends behind
Because your friends don't hodl
And if they don't hodl
Well, they're no friends of mine♪ ♫ ♬


Ah, Safety Dance. Men Without Hats.
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November 23, 2022, 04:09:23 AM

"I have them in a ISK"  Oh no not the double your ISK scam from eve online  Grin
you people ready for the fire sales?  Maybe as a xmas present, maybe Q1 2023, maybe next week who knows but the people forced to push the button.

About anyone being a hero and pretending to be a lender of last resort, know that "for last resort lending to work, borrowers must be solvent" (Bernanke. 21st century monetary policy)

As for the current situation, another quote in his book (which is quite good) is appropriate: parenthesis are mine

"...The crisis followed the usual sequence of a classic financial panic: a buildup in risky lending (DEFI, lmao shitcoin collateralized loans), followed by a loss of investor confidence in the soundness of those loans; runs on the lending institutions by short-term funding providers (we just passed this); forced fire sales of troubled assets (shitcoins), contributing to sharp asset price declines; and insolvencies of lenders and borrowers, extending the downward spiral (we may be at the extending point)."

In short, central banks exist for a reason.  If you want to play pretend financial system with made up shitcoins, daddy Bernanke won't be there to save ordinary people.  No one will.  If I find out a serious institution accepted shitcoins as collateral for real world loans, I swear i'm gonna find another planet to live on.

edit: oh wait microstrategy fuck
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November 23, 2022, 05:00:28 AM

♪ ♫ ♬I say, we can hodl if we want to
We can leave your friends behind
Because your friends don't hodl
And if they don't hodl
Well, they're no friends of mine♪ ♫ ♬


Ah, Safety Dance. Men Without Hats.

 I see what you did there.  Cheesy
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Where the dude @

Damn I am late on this!
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Attack ships on fire off the shoulder of Orion.
I watched c-beams glitter in the dark near the Tannhäuser Gate.
All those moments will be lost in time, like tears in rain."

Everyone knows the source, I suppose.


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November 23, 2022, 06:53:00 AM

He is just saying not claiming  Cheesy  Cheesy  Cheesy wtf then why he deleted the tweet more is in the news.


Well posts is from yesterday

These big crocodiles will never leave a chance to degrade others. I think he does not feel that way. Ahh he is just sharing facts well good move of deleting the tweet maybe it's just a start for another take down  Embarrassed

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November 23, 2022, 08:42:53 AM
Merited by Hueristic (1), JayJuanGee (1)

Of note....in Houston, TX, real estate taxes are 'killing" me every darned year.
They are roughly 2% per year per current year RE value...you can have 3X of the house (in $) in Cali, 4X in Colorado for the same tax.
As valuation rises, that 2% becomes more and more. The only limit of increase is 10% increase max for the year, but if, say, property value increased 20% in a year, this means that you would get hit with 10% tax increase two years in a row, unless value drops in year 2.

But no income tax.

You have to pay somehow for the quality electric infrastructure...
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November 23, 2022, 08:56:47 AM

He is just saying not claiming  Cheesy  Cheesy  Cheesy wtf then why he deleted the tweet more is in the news.


Well posts is from yesterday

These big crocodiles will never leave a chance to degrade others. I think he does not feel that way. Ahh he is just sharing facts well good move of deleting the tweet maybe it's just a start for another take down  Embarrassed

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Taking down FTX hurt but now that we know how dodgy it was, you can't really argue it's a bad thing.

Going after Coinbase is another story. I don't know in what state it is, but I assume it's run more professionally than FTX. Also, if we're looking at dodgy things, what about BNB coin ?
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November 23, 2022, 09:13:30 AM
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....what about BNB coin ?



Quote
Hey, nothing to see here so I have to interject. BNB coin is super reliable, has only a set amount issued, we burn a lot of them every night to stay warm in our multi million dollar mansions and the income that we do generate pays for my uncle's thrice daily foot massage. Are you saying you want to deprive an old uncle out of his thrice daily foot massages? Things are being run very differently at Binance than they were at FTX with Sam Fuckman-Boiled in charge. So please keep buying BNB, you know it's good for you whilst this circus is still going and the spotlight isn't on us (yet.... again). Thank you.
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https://twitter.com/business/status/1595288005467668480?t=7qpNxoGqUhM91yneYcSfPQ&s=19


Could this also be part of El-Savador progress many have turn to a reproach when it comes to adoption and it's distinct impact on the economy, bitcoin daily purchase and the volcanic bond goes goes a miles way in proving what El-Savador got even at this current bear with bitcoin.
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November 23, 2022, 10:53:43 AM
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China is also looking into buying El Salvador... https://www.theguardian.com/technology/2022/nov/15/china-el-salvador-economy-cryptocurrency-fall
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