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

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[Distinctin]

we have a sudden pump here, its the 15 min graph in Binance.



and we are back to $100k now.. 

[El duderino_]

6 digits looming
Initiate weekend pump
The dude is ready

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[xzy887]

6 digits looming

And I say
Btc 6 digits Loading...... 

[Volgastallion]

s

What about? ...

Nope, the truth is that BTC trading price no more reflects its true value.
Nvidia (and what not) may be past similar situations, but instead overvalued (or maybe better: overpriced).
That bananas-apples comparison is meaningless.
As BTC increasingly decouples from the economic situation, it is still undervalued AND underpriced, though the undervalued part improved significantly, while price wasn't following. I mean, c'mon. If i can see this, you can see it too. This or i'm completely stupid.

Sure, we all can "think positive" about what's happening around Bitcoin.
I mean, what would Satoshi say to all this, watching the banks and financial elites grabbing masses of BTC without moving the price (shifting the value) while the spot market's life and liquidity is getting milked out by the same institutions? Do you think he would be positive?
I am not an evangelist, but there definitely is this ethical edge, isn't it?

EDIT: I didn't even touch that usability topic (yet)!
Oh, and where was adoption, outside of El Salvador? We're in the middle of a bullrun, come the fuck on!
Sure, WAGMI, but is that really everything to it? I don't think Bitcoin can live off greed only.

Ey man i just see this, thanks for your extensive response.

Well if we go into that side of the history i agree with you 100% , its not a good sing for us to see the same corrupt and powerfull system again behind us or better to say with us into the BTC, i always think philosophically talking we ""lose"" part of the fight. But we can also say a part still in us and his our power over some cores, and plus now they dont and cant own the BTC, we know how is create, how much it is, etc etc.

About the no correlation between the price and true value, yes but since the BTC become the norm i think is gonna be more and more attached to the normal economic fluctation and we cant do anything about and i also think is the normal pathway in someway.

About usability...... i have a very very special opinion about that, and a lot of people is gonna kill me for what im gonna say, but for me BTC cant be the coin for the day to day transactions. I have a few arguments since his proper tecnology the way was build and the Gresham law.

PS: Sorry for me poor english and maybe in some sentences (in the 100%) i lack semantics.

[Biodom]

Please dear God Satoshi, let it be……



@CryptoJelleNL
NBitcoin has spent the better part of 8 years inside this rising channel.

Whenever price crosses the midlevel, a test of the channel highs follows.

Will this time be different?

https://x.com/cryptojellenl/status/1887793423622766833

I would join that "prayer"..but it seems that it breached the mid (albeit temporarily) in 2019 and June of 2024-just my "OCD", haha.
A nice graph, though, if we extrapolate to the upper boundary  .

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[Biodom]

Coinbase...lol
Putting their "hand' on the scale:
Much bigger fees to exchange USDT to USD  vs exchanging USDT to USDC...to promote USDC?

[dderekwalcott]

Wow !!!



https://x.com/BitcoinMagazine/status/1887903473523376508?t=f2RbVzJLvTz7XTmZ2lGyWQ&s=19

[cygan]

[Lucius]

🇨🇿 Czech President signed a law removing the capital gains tax on #Bitcoin after 3+ years of holding.

https://x.com/BitcoinMagazine/status/1887495804224495968?t=M7ORkYO_5_qIfkaaUSRI2w&s=19

The Czech Republic just made hodling a national sport.

None of any taxes after three years, plus zero tax below hundred grand is better than what we currently have, thats all! Forcing people to hold for more than three years is damn already bullish. Therefore, anyone in the Czech Republic who chooses to do this will more than likely be in profit or at least close to it, this should encourage more people who do choose take advantage of this new policy to better understand Bitcoin and increase adoption. Afterall, I can sense a solid progress that what the government did.

If I am mistaken, the first country in the EU to pass such a law was Germany, where that period is 1 year, in Croatia it is twice as long and amounts to 2 years - while there was a lot of talk about how Portugal and Slovenia are very friendly when it comes to laws on taxation of cryptocurrencies, but I am not sure if that is still the case.

3 years isn't a lot, but it's not a little either - but anyone who invests for a longer period will certainly appreciate not having to pay capital gains tax after that period. Even though it sometimes seems that the EU as a whole is not very friendly towards cryptocurrencies, things still need to be looked at from country to country.

[xzy887]

Then
You fuck me {B}

[Basti773]

If I am mistaken, the first country in the EU to pass such a law was Germany, where that period is 1 year, in Croatia it is twice as long and amounts to 2 years - while there was a lot of talk about how Portugal and Slovenia are very friendly when it comes to laws on taxation of cryptocurrencies, but I am not sure if that is still the case.
...

Yes 1 year in Germany but this law doesn't revere directly to bitcoin. This is called a "privates Veräußerungsgeschäft" (private sale transaction) and applies also for gold and other stuff.

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[Biodom]

If I am mistaken, the first country in the EU to pass such a law was Germany, where that period is 1 year, in Croatia it is twice as long and amounts to 2 years - while there was a lot of talk about how Portugal and Slovenia are very friendly when it comes to laws on taxation of cryptocurrencies, but I am not sure if that is still the case.
...

Yes 1 year in Germany but this law doesn't revere directly to bitcoin. This is called a "privates Veräußerungsgeschäft" (private sale transaction) and applies also for gold and other stuff.

...we (US) pay tax on offshore income (only 2 countries do this), we pay tax on UNLIMITED term duration holdings (and this tax on cap gains is NOT inflation-adjusted re proceeds) and we have a pitiful $3000 allowance for cap loss per year. So, if you lost 100K in cap loss, good luck to get it back...in 33 years (if no cap gains occur).

Not a great picture.

[Volgastallion]

Wow !!!



https://x.com/BitcoinMagazine/status/1887903473523376508?t=f2RbVzJLvTz7XTmZ2lGyWQ&s=19

Yeah amazing, but can you please resize the image a little? Its a non sense to post it in that resolution/size.

Seems like you know how to do it, but just in case for anyone else, here is a little tutorial. OR super easy here.

[xzy887]

If you have money, you can buy a new car now.
But if I had the money, I would buy Bitcoin now. Because when your car is old, I will own the car company.

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[philipma1957]

If I am mistaken, the first country in the EU to pass such a law was Germany, where that period is 1 year, in Croatia it is twice as long and amounts to 2 years - while there was a lot of talk about how Portugal and Slovenia are very friendly when it comes to laws on taxation of cryptocurrencies, but I am not sure if that is still the case.
...

Yes 1 year in Germany but this law doesn't revere directly to bitcoin. This is called a "privates Veräußerungsgeschäft" (private sale transaction) and applies also for gold and other stuff.

...we (US) pay tax on offshore income (only 2 countries do this), we pay tax on UNLIMITED term duration holdings (and this tax on cap gains is NOT inflation-adjusted re proceeds) and we have a pitiful $3000 allowance for cap loss per year. So, if you lost 100K in cap loss, good luck to get it back...in 33 years (if no cap gains occur).

Not a great picture.

you manage it as best you can. I am sitting on a 52k carryover loss so I can cash a lot of corn this year.

tax free.