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

[Hueristic]

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[Richy_T]

I wonder?

I was thinking that it is was the kinds of foods rather than how much, since I am not really against the idea of cleaning your plate.. but if we are talking about processed foods, that could be problematic.  There is something valuable in the don't take more than you are going to eat - yet buffets do tend to allow for taking more than you can eat, it is built into their system, so it might not be a great example - even though surely I know some restaurants that say they will charge you extra if you have excessive left overs - yet I am not sure how often they enforce such a rule.

Yes. Type of food is quite important. But even a healthy selection allows for foods which should ideally not be over-indulged. Processed foods definitely amplify that.

Buffets are definitely a poor model for avoiding wastage given that some people are not mindful of much beyond their own wants. How much of an issue that is is a question though. It's not like they were going to ship those uneaten noodles off to feed malnourished Biafran kids. Indeed, I've heard it said that the world has plenty of food, it's the distribution that's the issue. I suspect the biggest issue in this case is that wasted food affects the restaurant's bottom line.

[Richy_T]

Don't count on that. Trump recently said to make sure that Bitcoin Mining "stays in the US". I wonder how he could accomplish this, but i think the "strategy" willl be another stupid idea, and if the "master plan" proves to be impossible to carry out, he will put up some shit "facts" about Bitcoin and tell us it would be banned.

If he is talking about what is already here, the obvious answers are avoiding burdensome regulations (or preferably any/most) and keeping energy affordable. Both of these were evidenced in his previous four years.

[xhomerx10]

They're saying that Bitcoin spiked above $62K during the Presidential debate as Biden forgot what he was saying in the middle of a response and looked absolutely clueless.  Investors took this as a bullish signal for Bitcoin that Donald Trump will easily win the election due to Biden's obvious mental decline.  Good news for Ross Ulbricht and his family as it looks like a pro-Bitcoin President is on the way.  I'm also happy for the families that are dealing with wrongful Jan 6 convictions, but those won't help send BTC to the moon...  I do wish Bitcoin had been discussed.

Trump is pro anything that will get him votes, he believes in nothing. No way he understands BTC anyway. If he wins it will probably be pro-BTC because he might crash the dollar...

Crash the dollar? LOL. The current administration has the highest inflation rate in my lifetime. Talking points are fine, but you should at least base your arguments in some sort of reality.

Do you give Biden credit for Bitcoin’s price now because he’s crashed the dollar harder than any President since I’ve been alive?

I live in euroland so I can tell you the dollar hasn't crashed, on the contrary it has risen. Same against the Yen, the Yuan, most emerging currencies...

In fact I just heard on the radio that with the current situation in my country, it's the Euro that might crash down to under parity with the dollar.

But no I won't particularly put that on Biden, Biden hasn't taken radical decisions, aside from the infrastructure spending (same that Trump promised to do but never did).

Trump is promising things like a 100% tariff on all Chinese imports, that could shake things up in unexpected ways. And certainly not help inflation.

edit : BTW if I had a vote I would go for Biden if nothing else because he's more mainstream, but I agree with the sentiment that he should have had someone else take over and campaign. One issue is probably that Kamala isn't popular so he couldn't just resign. And the republicans should also have someone better than Trump.

 First of all, there is no one better than Trump to rally voters to get out and support the Republican party otherwise, there would have been a different candidate.  As for the Democrats, there would be a better candidate but for the legislation preventing Obama from a third term and they have waited far too long in the game to come to the realization that old Joe is... well, old... to work on a viable alternative.  Possibly they knew but maybe democrat party rules don't allow for his involuntary ouster since he is a sitting president.

 The US dollar is the most dominant currency in the world but when the purchasing power of any currency is cut off at the legs, it has crashed.  Measuring it against a basket of other weaker currencies from your trading partners is like putting lipstick on a pig.  Inflation has run rampant over the last several years - wages have not kept up (surely by design) and the price of simple things such as housing and food are now out of reach for more and more working Americans.

 As for the 100% China thingy you are claiming (he was talking about cars), fortunately we have some historical numbers:



in billions of dollars


 It doesn't matter who becomes president but I would like to see the pendulum shift back towards dinners around the table with the family.

Buy bitcoin

[Richy_T]

Possibly they knew but maybe democrat party rules don't allow for his involuntary ouster since he is a sitting president.

No. Joe was selected as candidate by the DNC this time around too. They could have picked a different candidate (though typically this would not occur because the incumbent advantage is so large), as 'undemocratic' as the Democratic party selection system is. Unfortunately, the media and the party and other influencers have been running interference as to exactly how bad things are so there was no momentum for that.

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[aesma]

Apparently it's 60% for Chinese stuff and 10% for rest of the world stuff : https://www.piie.com/blogs/realtime-economics/2024/trumps-proposed-blanket-tariffs-would-risk-global-trade-war

Housing being unaffordable has several causes, most of them are local and up to politicians, I don't know if Trump or Biden have any plans to improve on that.

Well I've followed a bit on the issue of housing insurance becoming unaffordable in Florida and Texas but not heard about a solution either. Here in France there is basically government backing for insurance, that ultimately everyone pays, so I pay a bit for that even though my house isn't exposed to any significant risk, but on the other hand it means that insurance is relatively cheap for everyone.

[Richy_T]

on the other hand it means that insurance is relatively cheap for everyone.

And suddenly building houses on flood plains starts to look a lot more attractive.

[Biodom]

FYI (US only):
https://home.treasury.gov/news/press-releases/jy2438

TL;DR

Crypto brokers, including exchanges, will need to report gross proceeds for crypto sales starting from 2026. This will include crypto sales during 2025.

Furthermore, brokers will need to report information about the tax basis of some cryptos starting in 2027 for sales that occurred in 2026.

I am not sure how the true basis can be determined by brokers if I bought bitcoin myself, then sent it to Kraken, for example, to sell it.

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[Leahized]

Every single Bitcoin seed word has been leaked.

This is all of the bitcoin in the world.

[AlcoHoDL]

Every single Bitcoin seed word has been leaked.

This is all of the bitcoin in the world.

Yeah, right.

0123456789ABCDEF   01   <--- This is all of the Bitcoin in the world.

[Biodom]

Apparently it's 60% for Chinese stuff and 10% for rest of the world stuff : https://www.piie.com/blogs/realtime-economics/2024/trumps-proposed-blanket-tariffs-would-risk-global-trade-war

Housing being unaffordable has several causes, most of them are local and up to politicians, I don't know if Trump or Biden have any plans to improve on that.

Well I've followed a bit on the issue of housing insurance becoming unaffordable in Florida and Texas but not heard about a solution either. Here in France there is basically government backing for insurance, that ultimately everyone pays, so I pay a bit for that even though my house isn't exposed to any significant risk, but on the other hand it means that insurance is relatively cheap for everyone.

In Texas, apart from some rich areas within the cities, it is still somewhat affordable: average home value in Houston is $271476 (need 90K a year salary).
Median household income-$60.4K (about 30% with more than 100K). So...30% buy, 70% rent, currently, I assume.

[Hueristic]

Every single Bitcoin seed word has been leaked.

This is all of the bitcoin in the world.

Jesus Christ, your an idiot.

[vapourminer]

FYI (US only):
https://home.treasury.gov/news/press-releases/jy2438

TL;DR

Crypto brokers, including exchanges, will need to report gross proceeds for crypto sales starting from 2026. This will include crypto sales during 2025.

Furthermore, brokers will need to report information about the tax basis of some cryptos starting in 2027 for sales that occurred in 2026.

I am not sure how the true basis can be determined by brokers if I bought bitcoin myself, then sent it to Kraken, for example, to sell it.

not sure how coinbase calculates it but its cost basis is waaaaay off on my stuff when i look

but i send form 8949 in at the end of the tax year anyway, so it can be matched on that.

[aesma]

on the other hand it means that insurance is relatively cheap for everyone.

And suddenly building houses on flood plains starts to look a lot more attractive.

No because of course that is being regulated. There are still some local mayors that defy the rules, but not that many. And when people die as a result, the mayors get prison time.

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[OutOfMemory]

Every single Bitcoin seed word has been leaked.

This is all of the bitcoin in the world.

https://pastebin.com/e9n4JDJu

trump vs biden is like choosing between shooting yourself in the head with a semiauto vs a revolver


did democracy like, checkmate itself or something?

Well, kind of. First, it's not real democracy. It's more like a "choose your leader"-cracy. In this case, you choose between Pest and Cholera.
Even worse, for example "democracy" in Russia or China.

The real problem of democracy are the voters. Most of them are too dumb to make up their own opinion, so they vote for the party that triggers their fear(s), so elections are prone to manipulation and that's excatly how they are orchestrated.

EDIT: Look at what they do, not what they say. It's a translation of a quote, i don't remember the origin.

[Hhampuz]

Switzerland crush Italy and their hopes and dreams for a repeat. On we go, Denmark - Germany in about an hour should be a banger even though Germany shouldn't have too many issues winning this one.