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

[BitHodlers]

Only P2P involving CASH? Impractical because:

1- That would require to meet in person with someone else, with all the risks that involves.

Many ATM providers will offer a cash OTC deal, contact them to ask. They won't risk themselves over small amounts of money. Once you find a reputable desk or trader that is willing to do this you are set. I have been doing it a long time and have not had a single bad deal yet. Usually you keep these contacts or relationships for a long time. They are also often well connected, I could probably find one for Spain within a day.

2- Even if you did accept that risk... in many countries (euro mainly) there are limits on how much cash you can use for a purchase (product, service, whatever). In Spain it is 1000€... yeah, no matter how much cash you might manage to have... you could not buy (in cash) anything with a price of 1000€ or above.

So, basically, they already covered all the (remaining) corners.

Spain is an extreme example of this, in other countries the limits are more moderate. Still this is a bit of a separate issue. You can hide most of your activities except large purchases, so it helps a lot. There are all kinds of things that can be done, but the issue is a lack of knowledge and a willingness to pay. Every method one chooses has its own costs and risks.

[OgNasty]

John Bollinger (father of the Bollinger Bands) came out and said that ETH and SOL have bottomed. If there’s a guy to listen to when he calls a bottom, it is him. Sadly, he thinks the BTC bottom isn’t in yet, but I think him calling on people to buy crypto could be enough to set off a rally in everything crypto related, including Bitcoin.

[d_eddie]

Future looks gloomy
Dwarf ants helping this weekend
Future looks better




#haiku

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[LFC_Bitcoin]

@JayJuanGee

I remember the 50% 2021 haircut (beheading) very well. I was actually on a mini break away with my then long term gf (now wife). We had just been for a nice lunch and Bitcoin was dumping. I shrugged it off as nothing. When we got back to the hotel it was really dumping.

In just under 2 hrs we had fallen from $43,000 to $28,000 if I remember correctly and at that point I hadn’t ever taken life changing money out of Bitcoin. If you think I’m bad in this current dump, you should have seen me then. Luckily it all worked out well and I was able to take big money out later that year at an average sell price of $53,800. I think I only managed to sell a couple of Bitcoin above $65,000 though. If I remember rightly the mid year dump was Elon Musk FUD about mining energy consumption and China banned it again on the same damn day (our mini break away).

Fast forward to the present day and we just have to hope we bottomed at $103,000 and we’re chopping a bit before a recovery attempt. Nothing would make me happier than to regain strength and pump towards $135,000 to $150,000. My body is ready for that shizzle.

I see Ambatman wants to take on LFC_Bitcoin in a bet too. Same stake and bet terms as JJG and myself?

[Ambatman]

I see Ambatman wants to take on LFC_Bitcoin in a bet too. Same stake and bet terms as JJG and myself?

Yes same Stake.

[justinlamode]

John Bollinger (father of the Bollinger Bands) came out and said that ETH and SOL have bottomed. If there’s a guy to listen to when he calls a bottom, it is him. Sadly, he thinks the BTC bottom isn’t in yet, but I think him calling on people to buy crypto could be enough to set off a rally in everything crypto related, including Bitcoin.

He is a popular figure in technical analysis and I will not doubt his call. I also think that the dump is over, the next face is for Bitcoin to find support and a little fundamental such as rate cuts and then soar. For now the consolidation will continue until next month where we expect any big moves.

[Odohu]

I see Ambatman wants to take on LFC_Bitcoin in a bet too. Same stake and bet terms as JJG and myself?

Go for it LFC, it's a risk free bet for you because whatever the market does, you win. If it creates a new ATH, you meet your targets and if it refuses, you use rhe amount won as consolation.

[LFC_Bitcoin]

I see Ambatman wants to take on LFC_Bitcoin in a bet too. Same stake and bet terms as JJG and myself?

Yes same Stake.

And same terms.

If so, deal.

Go for it LFC, it's a risk free bet for you because whatever the market does, you win. If it creates a new ATH, you meet your targets and if it refuses, you use rhe amount won as consolation.

Exactly.

By far the worst case scenario here is actually winning this bet

But I will get a little pocket money from them if I win

Anybody else?

Edit - Disclaimer: Full Member minimum to bet against me.

[goldkingcoiner]

I see LFC_Bitcoin has a nice new hat. Looking good!

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[MrNata]

Exactly,,, Seems like every few years the crowd rediscovers gold and starts preaching about it again. This time it’s “gold stocks” which, like you mentioned, are still not gold. You don’t get bars in your vault, you get paper promises and exposure to mining CEOs, diesel prices, and political drama in whatever country the mine happens to sit in.

The funny part? While they’re busy cheering price charts and central bank headlines, Bitcoiners are quietly stacking sats, pulling coins off exchanges, and shrinking the liquid supply. No CEOs, no quarterly reports, no middlemen,  just math and ownership.

Gold’s rally looks reactive, it's just a good example of a panic hedge when the system shakes. Bitcoin accumulation is proactive, a long-term migration toward self-sovereignty. One is chasing the illusion of safety, the other is safety.

Girls like to make gold jewelry, but now it seems that most people are buying gold for profit, although it always seems risky to me. ‌Gold may have touched its highest price this year, but we have been seeing that the price of Bitcoin has increased several times more than gold for several months. If gold and Bitcoin are compared, then I can highlight many differences here.

 We cannot buy gold as much as we want, whenever we buy a lot of gold, income tax will fall on us, then we will have to go through a lot of trouble. Carrying gold is risky and difficult, if someone goes out with a relatively large amount of gold on the street, he can easily become a victim of robbers or if he travels abroad, but he cannot carry a large amount of gold without permission, in this case there is no problem with Bitcoin. By creating his own wallet, an investor in Bitcoin can buy as much Bitcoin as he wants. In this case, we will not need the approval of a third party to buy or hold Bitcoin. We have multiple Bitcoins and we can easily travel to any country with these Bitcoins.
Those of us who regularly discuss Bitcoins may be aware that there is currently a limited supply of Bitcoins in the world, probably a total supply of 21 million Bitcoins. The number of investors is constantly increasing here but the number of Bitcoins is not increasing, so this is a great opportunity to achieve something good in the future.

[SPIDERMAN008]

Just saw the news that the sent around 65,000 “nudge letters” to people they suspect didn’t report their crypto gains. They got the data straight from exchanges like Binance, and by 2026 they’ll have access to even more info under that new Crypto-Asset Reporting Framework, which will let them share and collect crypto data from other countries.

Personally, I think the IRS sent out about 65,000 nudge letters  not for direct text collection of data. In this, they may have stated to show that they have the ability to get all kinds of information. It may take another 12 years to read the direct impact of this.

Another thing is that companies like Chainalysis Elliptic, which do blockchain analysis. If someone is identified through an address linked to a KYC exchange, they have the ability to look at all past and future transactions.

[BitHodlers]

Another thing is that companies like Chainalysis Elliptic, which do blockchain analysis. If someone is identified through an address linked to a KYC exchange, they have the ability to look at all past and future transactions.

Never do KYC, regularly cycle and delete past wallets, and don't forget Monero or Zcash. Chainanalysis can't do anything in this case.   People perhaps need to remember that if you absolutely need to use a KYC exchange for some reasons, you have to keep your KYC balance and non-KYC balance separate forever. That also works.

I see LFC_Bitcoin has a nice new hat. Looking good!

Will I look stupid again if I ask about this too?   

[philipma1957]

Just saw the news that the sent around 65,000 “nudge letters” to people they suspect didn’t report their crypto gains. They got the data straight from exchanges like Binance, and by 2026 they’ll have access to even more info under that new Crypto-Asset Reporting Framework, which will let them share and collect crypto data from other countries.

Personally, I think the IRS sent out about 65,000 nudge letters  not for direct text collection of data. In this, they may have stated to show that they have the ability to get all kinds of information. It may take another 12 years to read the direct impact of this.

Another thing is that companies like Chainalysis Elliptic, which do blockchain analysis. If someone is identified through an address linked to a KYC exchange, they have the ability to look at all past and future transactions.

 In 2022 I got a letter for my 2021 filing it told me I left out info.

I had reported over 50000 in gains from coinbase sales.

But I forgot to report 1500 in gains from kraken.


So these letters are nothing new.

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[Ambatman]

I see LFC_Bitcoin has a nice new hat. Looking good!

The first thing that came to my head was KFC.

[d_eddie]

I see LFC_Bitcoin has a nice new hat. Looking good!

The first thing that came to my head was KFC.

Heresy! Number really must really really go really really really down for that.

[Ambatman]

I see LFC_Bitcoin has a nice new hat. Looking good!

The first thing that came to my head was KFC.

Heresy! Number really must really really go really really really down for that.

Lol not that. The Cap colour is red and the name LFC looks like KFC.

[LoyceV]

I see Ambatman wants to take on LFC_Bitcoin in a bet too. Same stake and bet terms as JJG and myself?

I can only read bits and pieces of this thread, but I'd like to follow those bets. Any chance to get a summary?

Never do KYC, regularly cycle and delete past wallets, and don't forget Monero or Zcash. Chainanalysis can't do anything in this case.  

Depending on the country you're in, it may or may not be very difficult to legally use life-changing money without KYC. If I receive 20k from an anonymous source on my bank account, I expect them to ask me some questions. If I can't answer them, they close my account.
If you're buying hamburgers with Bitcoin, it's not a problem, but if your stash is large enough to buy a jet, you're going to need to go through KYC.