Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 5000.

Torque

legendary

Activity: 3780

Merit: 5429

Quote from: Biodom on August 02, 2021, 12:53:27 PM

Here are my 2c on Fed vs bitcoin.

It looks like the gov is in a mad rush to find anything extra that they could tax and spend.
In lieu of this, I think that it is exceedingly unlikely for them to effectively ban bitcoin, etc. since they would be decreasing, not increasing their tax base.
Witness gradual opening of the weed trade in US, the taxation of which definitely contributes to the individual states coffins. There was no tax and no revenue henceforth when it was illegal.

That said, they project completely unrealistic (currently) amounts that they can raise via bitcoin taxation as it is a small sliver of the overall economic activity and there lies some problems as they expect a lot more than they would see and when they would see a trickle instead of the flood, what conclusion would they have?
The answer is rather obvious and it would NOT be that they admit to overestimation.

Exactly.

On weed: The people believe that "finally the govt is coming around how harmless weed is, and that is why they're making it legal."

No you idiots, in these desperate times, they are desperate to tax your weed purchases. It has nothing to do with the govt protecting or not protecting you.

Hell, they would legalize fentanyl, heroin, and crack cocaine and make it OTC if the health risks weren't so bad.

At this point they don't give a shit what the people buy (within reason/legality), as long as they can tax it. They are desperate for money and are looking under every rock.

ChartBuddy

legendary

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1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ

Explanation

Biodom

legendary

Activity: 3892

Merit: 4331

Here are my 2c on Fed vs bitcoin.

It looks like the gov is in a mad rush to find anything extra that they could tax and spend.
In lieu of this, I think that it is exceedingly unlikely for them to effectively ban bitcoin, etc. since they would be decreasing, not increasing their tax base.
Witness gradual opening of the weed trade in US, the taxation of which definitely contributes to the individual states coffins. There was no tax and no revenue henceforth when it was illegal.

That said, they project completely unrealistic (currently) amounts that they can raise via bitcoin taxation as it is a small sliver of the overall economic activity and there lies some problems as they expect a lot more than they would see and when they would see a trickle instead of the flood, what conclusion would they have?
The answer is rather obvious and it would NOT be that they admit to overestimation.

Mpamaegbu

legendary

Activity: 2716

Merit: 1225

Once a man, twice a child!

Quote from: xhomerx10 on August 02, 2021, 11:28:05 AM

I think this should be developed into a poll question.

I do think so too. At least, it will show us how.the.divide.is.structured.

xhomerx10

legendary

Activity: 3808

Merit: 7912

Quote from: eXPHorizon on August 02, 2021, 12:17:04 PM

Quote from: JayJuanGee on August 02, 2021, 12:11:14 PM

Quote from: eXPHorizon on August 02, 2021, 01:35:34 AM

Quote from: aysg76 on August 01, 2021, 11:46:03 PM

The future we are anticipating some years ahead from now like bitcoin would be mainstream and used by all like mode of payment maybe coming soon than we expect it to be.

When local residents will be willing to take Bitcoin payments then nobody can stop it to further rise and intially this was main aim that it could be used as alternate to fiat.I see this coming true soon and hope to see some more posters on the wall in my area also.

Lol not too long ago, EVERYONE here was saying. We do not need the Small People in here(BTC)... We only need the Rich Folks Grin

oh how i love to see JayJuanGee merit it since he was the biggest advocate for it Cheesy

Time has proven me Wise, Again and again.

Huh? What has a no coiner like you said that was correct, exactly?

Have you coordinated your actions with your supposed words?

Have you bought any BTC since your supposedly losing BTC in GOX in early 2014? or you just ongoingly begging and failing to actually act to actually buy some BTC, even if you might ONLY be able to afford $10 per week?

Even ONLY a year of buying BTC at $10 per week would have put you in a better place than merely ongoingly whining as a no coiner... You would have had $530 invested which would be 0.02364BTC - current $945 value.. - about a 79% return in one year. it's a start, and better than nothing... You gotta do what you gotta do, and in bitcoin it seems that it is better to do something beyond just whine.

Of course, 7 years of $10 per week would have put you in even a better position of having had invested $3,660, but having nearly 4 BTC and $166,451 of value - about a 44.5x return over 7 years...

So for sure the earlier you get started the better, and just stick with some kind of plan, even if a modest one and down the road you have decent chances being in a better place, even if positive returns are not guaranteed, bitcoin still does seem to be amongst the best (if not the best) of investments to make, even currently and even considering upside potential versus downside risk.

Juan, no i do not have 10 $ at the end of the Month to spend on Bitcoin.

Do it at the beginning of the month and economize elsewhere at month's end.

eXPHorizon

full member

Activity: 1386

Merit: 132

Precision Beats Power and Timing Beats Speed.

Quote from: JayJuanGee on August 02, 2021, 12:11:14 PM

Quote from: eXPHorizon on August 02, 2021, 01:35:34 AM

Quote from: aysg76 on August 01, 2021, 11:46:03 PM

The future we are anticipating some years ahead from now like bitcoin would be mainstream and used by all like mode of payment maybe coming soon than we expect it to be.

When local residents will be willing to take Bitcoin payments then nobody can stop it to further rise and intially this was main aim that it could be used as alternate to fiat.I see this coming true soon and hope to see some more posters on the wall in my area also.

Lol not too long ago, EVERYONE here was saying. We do not need the Small People in here(BTC)... We only need the Rich Folks Grin

oh how i love to see JayJuanGee merit it since he was the biggest advocate for it Cheesy

Time has proven me Wise, Again and again.

Huh? What has a no coiner like you said that was correct, exactly?

Have you coordinated your actions with your supposed words?

Have you bought any BTC since your supposedly losing BTC in GOX in early 2014? or you just ongoingly begging and failing to actually act to actually buy some BTC, even if you might ONLY be able to afford $10 per week?

Even ONLY a year of buying BTC at $10 per week would have put you in a better place than merely ongoingly whining as a no coiner... You would have had $530 invested which would be 0.02364BTC - current $945 value.. - about a 79% return in one year. it's a start, and better than nothing... You gotta do what you gotta do, and in bitcoin it seems that it is better to do something beyond just whine.

Of course, 7 years of $10 per week would have put you in even a better position of having had invested $3,660, but having nearly 4 BTC and $166,451 of value - about a 44.5x return over 7 years...

So for sure the earlier you get started the better, and just stick with some kind of plan, even if a modest one and down the road you have decent chances being in a better place, even if positive returns are not guaranteed, bitcoin still does seem to be amongst the best (if not the best) of investments to make, even currently and even considering upside potential versus downside risk.

Juan, no i do not have 10 $ at the end of the Month to spend on Bitcoin.

JayJuanGee

legendary

Activity: 3920

Merit: 11299

Self-Custody is a right. Say no to"Non-custodial"

Quote from: eXPHorizon on August 02, 2021, 01:35:34 AM

Quote from: aysg76 on August 01, 2021, 11:46:03 PM

The future we are anticipating some years ahead from now like bitcoin would be mainstream and used by all like mode of payment maybe coming soon than we expect it to be.

When local residents will be willing to take Bitcoin payments then nobody can stop it to further rise and intially this was main aim that it could be used as alternate to fiat.I see this coming true soon and hope to see some more posters on the wall in my area also.

Lol not too long ago, EVERYONE here was saying. We do not need the Small People in here(BTC)... We only need the Rich Folks Grin

oh how i love to see JayJuanGee merit it since he was the biggest advocate for it Cheesy

Time has proven me Wise, Again and again.

Huh? What has a no coiner like you said that was correct, exactly?

Have you coordinated your actions with your supposed words?

Have you bought any BTC since your supposedly losing BTC in GOX in early 2014? or you just ongoingly begging and failing to actually act to actually buy some BTC, even if you might ONLY be able to afford $10 per week?

Even ONLY a year of buying BTC at $10 per week would have put you in a better place than merely ongoingly whining as a no coiner... You would have had $530 invested which would be 0.02364BTC - current $945 value.. - about a 79% return in one year. it's a start, and better than nothing... You gotta do what you gotta do, and in bitcoin it seems that it is better to do something beyond just whine.

Of course, 7 years of $10 per week would have put you in even a better position of having had invested $3,660, but having nearly 4 BTC and $166,451 of value - about a 44.5x return over 7 years...

So for sure the earlier you get started the better, and just stick with some kind of plan, even if a modest one and down the road you have decent chances being in a better place, even if positive returns are not guaranteed, bitcoin still does seem to be amongst the best (if not the best) of investments to make, even currently and even considering upside potential versus downside risk.

ChartBuddy

legendary

Activity: 2380

Merit: 1823

1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ

Explanation

Toxic2040

legendary

Activity: 1834

Merit: 4197

local consolidation as ALT II starts up it appears
1h

soft underside of the 4h is showing sporadic support levels indicating volatility
4h

spinning top daily(kinda but not really)...wen ETH go PoS? alts might be ascendant until then
D

looks middle of the road today..big steps down if we head that way...consolidation around 40 if not
dyor

meanwhile..bitcoin continues to trade near $40k

xhomerx10

legendary

Activity: 3808

Merit: 7912

Quote from: ImThour on August 02, 2021, 11:27:58 AM

BREAKING: HSBC, the 6th largest bank in the world, has now BANNED all payments towards Binance Exchange.

Source: https://twitter.com/CryptoWhale/status/1422231144188239879

That says they're stopping payments "from our credit cards to Binance wherever possible" but transferring money from HSBC to Binance has been an issue for years now.

xhomerx10

legendary

Activity: 3808

Merit: 7912

Quote from: Richy_T on August 02, 2021, 11:12:04 AM

Quote from: suchmoon on August 02, 2021, 09:39:55 AM

Quote from: Mpamaegbu on August 02, 2021, 09:35:12 AM

Deep but true, when you check out the exotic cars surrounding the loser 🤷

Except it's probably the opposite, hodlers are likely driving cheap clunkers.

🙋

I think this should be developed into a poll question.

ImThour

copper member

Activity: 1498

Merit: 1619

Bitcoin Bottom was at $15.4k

BREAKING: HSBC, the 6th largest bank in the world, has now BANNED all payments towards Binance Exchange.

Source: https://twitter.com/CryptoWhale/status/1422231144188239879

Richy_T

legendary

Activity: 2576

Merit: 2267

1RichyTrEwPYjZSeAYxeiFBNnKC9UjC5k

Quote from: suchmoon on August 02, 2021, 09:39:55 AM

Quote from: Mpamaegbu on August 02, 2021, 09:35:12 AM

Deep but true, when you check out the exotic cars surrounding the loser 🤷

Except it's probably the opposite, hodlers are likely driving cheap clunkers.

🙋

zanezane

full member

Activity: 868

Merit: 150

★Bitvest.io★ Play Plinko or Invest!

Quote from: AlcoHoDL on August 02, 2021, 09:48:39 AM

Exactly... A true HoDLer would never waste her precious BTC on a depreciating pile of metal parts.

I would probably waste mine if the metal parts in question contains a lot of platinum, that kind of metal is expensive AF and if I can extract a lot of it, I would probably double my money and then buy bitcoin again.

ChartBuddy

legendary

Activity: 2380

Merit: 1823

1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ