Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 6011.

Gyrsur

legendary

Activity: 2856

Merit: 1520

Bitcoin Legal Tender Countries: 2 of 206

Quote from: OutOfMemory on February 24, 2021, 04:35:56 AM

Quote from: Gyrsur on February 24, 2021, 04:26:41 AM

Quote from: AlcoHoDL on February 24, 2021, 04:19:01 AM

@Gyrsur, @Karartma1, thanks guys, for the useful info/links.

@Gyrsur: Yes, using Kraken, and everything goes through Fidor Bank (Munich). When you say 1000 € upper limit, you mean per transaction? Can I transfer, say, 900 € on the 1st of the month, another 900 € on the 10th, and another 900 € on the 20th? Haven't been able to check the link you provided, sorry if this is already mentioned there.

I know for a fact that we Euro-landers will face difficulties in enjoying our newfound wealth... I think the IRS in the USA are better. They are brutal and check everything, but at least they seem to be more knowledgeable and once you pay your dues they don't bother you. Or so I've heard.

I as understand it right if your crypto-related transaction from/to the bank is over 1000 EUR the bank is forced to report it somehow. this are just plans at the moment to go in this direction. but it will come, I am sure.

Hmm, strangely i only read about "bitcoin transactions with value over € 1000". Means that wallet providers have to implement an interface to track KYC bitcoin transactions over a value of €1000. I don't see tracking EUR transactions from exchange to bank here.

Quote

The government wants to restrict the anonymity of crypto payments. It will not succeed in doing this, but will only sell wallet providers and custodians abroad. Legal uncertainty will be the result. The fight against cryptocurrencies is part of the financial repression of this federal government. Only a year ago, the anonymity of gold transactions was reduced to 2,000 euros. With crypto assets, the government is now going even further.

It's more clear in untranslated version, imho.
It wouldn't make much sense to capture EUR going from/to wallet providers to banks, but they want to sniff into btc transactions, because they lack the ability to monitor money flows like with fiat. Prove me wrong Grin

It's only my opinion on the contents of the article. I don't welcome monitoring and control of flows (whichever currency) at all.

still not convinced about the direction how it should developing (Banks included)?

https://translate.google.com/translate?hl=&sl=de&tl=en&u=https%3A%2F%2Fwww.n-tv.de%2Fwirtschaft%2Fder_boersen_tag%2FBankenverband-fordert-strengere-Regulierung-von-Kryptowaehrungen-article22382819.html

d_eddie

legendary

Activity: 2520

Merit: 3038

Quote from: xhomerx10 on February 23, 2021, 10:03:58 PM

Quote from: El duderino_ on February 23, 2021, 04:45:06 PM

Quote from: bitcoinPsycho on February 23, 2021, 04:43:23 PM

Quote from: El duderino_ on February 23, 2021, 04:41:26 PM

imVERYho .... I think people are way over reacting about a 25-ish dip which has been looking around the corner for weeks....

When we where at 9k-celebrating Vegeta, we where dreaming of a moment when 10k drop occur and still where feestable ffs get a grip Kiss

Totally agree . Please change your hat

Maybe getting a dude with laser eyes as well if i'm a good boy Cheesy

Much wow, very hats.
Envious.

BitcoinBunny

legendary

Activity: 1526

Merit: 2617

Far, Far, Far Right Thug

Quote from: AlcoHoDL on February 24, 2021, 05:32:58 AM

Quote from: nanobtc on February 23, 2021, 09:32:06 PM

Today is a big day for me. Thanks to BTC, and partially to you all here, I am debt-free today. I quit my job, and I paid off ten years of debt, now I own my house and a few acres in the clear.
My wife and I live fairly simply. Old paid-for cars (that I can fix), no cable TeeVee. A large garden and a small shooting range in the back yard.

I quit smoking cigarettes, and DCA that amount into BTC. Doing this payoff burned a big chunk of the corn, but it is a better thing to do for myself, now. We won't be wealthy, but this is the American dream for me. YMMV.

Good to hear, brother. Congrats on meeting and possibly exceeding your target (you still have some BTC I presume). Regardless, you've met your target, and while your target may seem too mundane/plain/simple for many, I'd say that this is a target worth having. Setting the right target for one's life is a very difficult thing. For me, having an overly extravagant lifestyle, Lambos, hookers, blow and all that, seems so futile and pointless... Maybe the "hookers" part is OK sometimes. Cheesy

Of course, to each their own.

Another important point in your post is being debt-free. This is the most important for me. IMHO, owing anything to banks/people/whoever is the single most stressful thing in life. I've never owed anyone anything. My planning has kept it that way. It's good that you've reached this state.

All the very best man, enjoy!

Setting some realistic targets is probably good.
I could already pay off the mortgage and buy nice things and still keep some BTC right now if I wanted.
5x and I guess I could retire but I will probably leave it till 10x. We will see if BTC achieves that by say 2026-2027. If we are talking 20x then retirement would probably include a big new home I guess. Still keeping some BTC from my original stash in either case.

I don't really need anything but it would be nice to retire in my 40s. I still have a massive lust to play certain type of video games and I can't see that changing. A bit of travelling every 2-3 months would be great in a post Covid world.
Hookers I can already afford but maybe it is another incentive at retirement to have more of that, I'm not sure.

A Lambo absolutely does not interest me at all. I'd be happy with a Tesla Model Y probably in the mid 2020s / potential BTC retirement. Don't need a new car right now.

My BTC investment came from gambling winnings. It was the last bet I ever played after being addicted to gambling starting 15 years ago, I recouped all my total losses I ever had with a big hunch that I was right about. Instead of blowing that money, it went into BTC. And I've never had a gambling problem since.

Maybe the early retirement will all happen, maybe not.

ivomm

legendary

Activity: 1891

Merit: 3096

All good things to those who wait

Only 994BTC left to 500K. In a few months Elon will tweet again "In retrospect, it was inevitable".

dieselmeister

sr. member

Activity: 546

Merit: 290

https://www.finews.com/news/english-news/45185-bordier-sygnum-cooperation-digital-assets-wealth-management

further bullish news ... swiss bank add bitcoin

AlcoHoDL

legendary

Activity: 2590

Merit: 4839

Addicted to HoDLing!

Quote from: nanobtc on February 23, 2021, 09:32:06 PM

Today is a big day for me. Thanks to BTC, and partially to you all here, I am debt-free today. I quit my job, and I paid off ten years of debt, now I own my house and a few acres in the clear.
My wife and I live fairly simply. Old paid-for cars (that I can fix), no cable TeeVee. A large garden and a small shooting range in the back yard.

I quit smoking cigarettes, and DCA that amount into BTC. Doing this payoff burned a big chunk of the corn, but it is a better thing to do for myself, now. We won't be wealthy, but this is the American dream for me. YMMV.

Good to hear, brother. Congrats on meeting and possibly exceeding your target (you still have some BTC I presume). Regardless, you've met your target, and while your target may seem too mundane/plain/simple for many, I'd say that this is a target worth having. Setting the right target for one's life is a very difficult thing. For me, having an overly extravagant lifestyle, Lambos, hookers, blow and all that, seems so futile and pointless... Maybe the "hookers" part is OK sometimes. Cheesy

Of course, to each their own.

Another important point in your post is being debt-free. This is the most important for me. IMHO, owing anything to banks/people/whoever is the single most stressful thing in life. I've never owed anyone anything. My planning has kept it that way. It's good that you've reached this state.

All the very best man, enjoy!

El duderino_

legendary

Activity: 2744

Merit: 13647

BTC + Crossfit, living life.

marcus_of_augustus

legendary

Activity: 3920

Merit: 2349

Eadem mutata resurgo

https://watchers.news/2021/02/19/laschmps-excursion-magnetic-reversal-42000-years-ago-caused-sudden-massive-climate-change/

Quote

Around 42 000 years ago, the Earth's magnetic fields reversed, triggering sudden, major climate change, extinction events, and long-term changes in human behavior, a new study shows.

Authors said they have precisely characterized the geomagnetic reversal and performed global chemistry-climate modeling and detailed radiocarbon dating of paleoenvironmental records to investigate impacts.
They found that geomagnetic field minima 42 000 years ago, in combination with Grand Solar Minima, caused substantial changes in atmospheric ozone concentration and circulation, driving synchronous global climate shifts that caused major environmental changes, extinction events, and transformations in the archaeological record.

To study what happened during that time, the scientists analyzed ancient New Zealand kauri trees that had been preserved in peat bogs for more than 40 000 years.

Using the yearly growth rings, the researchers were able to produce a detailed timescale of how the Earth's atmosphere changed over this time. The trees revealed a prolonged spike in the radiocarbon levels in the atmosphere caused by the collapse of the magnetic fields as the poles switched.

"The kauri trees are like the Rosetta Stone, helping us tie together records of environmental change in caves, ice cores, and peat bogs around the world," said lead author Alan Cooper.

... "climate change" huh? ... hint: the earth's magnetic field has weakened 15% since 1600 and the poles are on the move and accelerating over the last 20 years

El duderino_

legendary

Activity: 2744

Merit: 13647

BTC + Crossfit, living life.

BitcoinBunny

legendary

Activity: 1526

Merit: 2617

Far, Far, Far Right Thug

Doubt we will see that bottom again. But who knows for sure.

erre

legendary

Activity: 1694

Merit: 1207

Quote from: nanobtc on February 23, 2021, 09:32:06 PM

Today is a big day for me. Thanks to BTC, and partially to you all here, I am debt-free today. I quit my job, and I paid off ten years of debt, now I own my house and a few acres in the clear.
My wife and I live fairly simply. Old paid-for cars (that I can fix), no cable TeeVee. A large garden and a small shooting range in the back yard.

I quit smoking cigarettes, and DCA that amount into BTC. Doing this payoff burned a big chunk of the corn, but it is a better thing to do for myself, now. We won't be wealthy, but this is the American dream for me. YMMV.

This is my dream too, or at least something very similar to it.
Well done fellow holder, well done.

OutOfMemory

legendary

Activity: 1708

Merit: 3439

Man who stares at charts (and stars, too...)

Quote from: Gyrsur on February 24, 2021, 04:26:41 AM

Quote from: AlcoHoDL on February 24, 2021, 04:19:01 AM

@Gyrsur, @Karartma1, thanks guys, for the useful info/links.

@Gyrsur: Yes, using Kraken, and everything goes through Fidor Bank (Munich). When you say 1000 € upper limit, you mean per transaction? Can I transfer, say, 900 € on the 1st of the month, another 900 € on the 10th, and another 900 € on the 20th? Haven't been able to check the link you provided, sorry if this is already mentioned there.

I know for a fact that we Euro-landers will face difficulties in enjoying our newfound wealth... I think the IRS in the USA are better. They are brutal and check everything, but at least they seem to be more knowledgeable and once you pay your dues they don't bother you. Or so I've heard.

I as understand it right if your crypto-related transaction from/to the bank is over 1000 EUR the bank is forced to report it somehow. this are just plans at the moment to go in this direction. but it will come, I am sure.

Hmm, strangely i only read about "bitcoin transactions with value over € 1000". Means that wallet providers have to implement an interface to track KYC bitcoin transactions over a value of €1000. I don't see tracking EUR transactions from exchange to bank here.

Quote

The government wants to restrict the anonymity of crypto payments. It will not succeed in doing this, but will only sell wallet providers and custodians abroad. Legal uncertainty will be the result. The fight against cryptocurrencies is part of the financial repression of this federal government. Only a year ago, the anonymity of gold transactions was reduced to 2,000 euros. With crypto assets, the government is now going even further.

It's more clear in untranslated version, imho.
It wouldn't make much sense to capture EUR going from/to wallet providers to banks, but they want to sniff into btc transactions, because they lack the ability to monitor money flows like with fiat. Prove me wrong Grin

It's only my opinion on the contents of the article. I don't welcome monitoring and control of flows (whichever currency) at all.

Gyrsur

legendary

Activity: 2856

Merit: 1520

Bitcoin Legal Tender Countries: 2 of 206

Quote from: AlcoHoDL on February 24, 2021, 04:19:01 AM

@Gyrsur, @Karartma1, thanks guys, for the useful info/links.

@Gyrsur: Yes, using Kraken, and everything goes through Fidor Bank (Munich). When you say 1000 € upper limit, you mean per transaction? Can I transfer, say, 900 € on the 1st of the month, another 900 € on the 10th, and another 900 € on the 20th? Haven't been able to check the link you provided, sorry if this is already mentioned there.

I know for a fact that we Euro-landers will face difficulties in enjoying our newfound wealth... I think the IRS in the USA are better. They are brutal and check everything, but at least they seem to be more knowledgeable and once you pay your dues they don't bother you. Or so I've heard.

as I understand it right if your crypto-related transaction from/to the bank is over 1000 EUR the bank is forced to report it somehow. this are just plans at the moment to go in this direction. but it will come, I am sure.

EDIT:

the bank can easily identify crypto-related transactions via the receiver or sender (e.g. Kraken). it's not a difficult task for them.

as I understand it right it will count per transaction.

I've lowered it already for myself in the past to under 1000 EUR better 500 EUR with that in mind it will come somehow. and of course monthly amounts in the region of a normal working citizen in your area. as you said #UnderTheRadar. the opposite of #LaserEyes. Grin

AlcoHoDL

legendary

Activity: 2590

Merit: 4839

Addicted to HoDLing!

@Gyrsur, @Karartma1: Thanks guys, for the useful info/links.

@Gyrsur: Yes, using Kraken, and everything goes through Fidor Bank (Munich). When you say 1000 € upper limit, do you mean per transaction? Can I transfer, say, 900 € on the 1st of the month, another 900 € on the 10th, and another 900 € on the 20th, and keep doing this for several months in a row? Haven't yet been able to check the link you provided, sorry if this is already mentioned there.

I know for a fact that we Euro-landers will face difficulties in enjoying our newfound wealth... I think the IRS in the USA are better. They are brutal and check everything, but at least they seem to be more knowledgeable and once you pay your dues they don't bother you. Or so I've heard.

Syke

legendary

Activity: 3878

Merit: 1193

Quote from: JayJuanGee on February 24, 2021, 12:58:04 AM

Quote from: Syke on February 23, 2021, 09:34:57 PM

I'm a proud carnivore, yet I would gladly switch to synthetic meat when it is similar in taste and cost. There's simply no reason not to.

You don't take nutritiousness into account, or are you merely assuming that if it has a label that says "healthy" then it must be nutritious? Roll Eyes

I also take various supplements (pills, nuts, seeds, etc.) to meet 100%+ of all 29 USRDA recommended levels of vitamins and minerals. 100% carnivore-only would be seriously lacking in micronutrients, so let's say I'm 99% carnivore.

Gyrsur

legendary

Activity: 2856

Merit: 1520

Bitcoin Legal Tender Countries: 2 of 206

Quote from: OutOfMemory on February 24, 2021, 03:43:08 AM

Quote from: Gyrsur on February 24, 2021, 03:30:45 AM

Quote from: AlcoHoDL on February 24, 2021, 03:08:17 AM

Good morning WOers!

I see Warren Buffett's wisdom has worked again nicely while I was sleeping. We've crossed $50k, then pulled back to just under it. It's just a matter of time (hours/days) before we leave $50k behind for good. I believe the recent correction showed that there is good support at lower levels. This is not just a bubble ready to pop, as some falsely claim. This will pave the way for a slow and steady rise to $60k, $100k and beyond. I haven't sold a single sat during the dip (and, sadly, I haven't bought a single sat either). We may need some time to reach the above levels, but we will.

My SOMA guess:

Q2: attack on $100k,
Q3: $100k (stable),
Q4: $200~400k (unstable).

Regarding my earlier post/query about Bitcoin-funded Credit Cards, many thanks to those who replied. I checked out 2 companies (Binance and Crypto.com). They both offer such services and I may consider applying there, just for a test drive. Still, IMHO, the best course of action in this matter, as Richy_T has pointed out, is total transparency, i.e., declaring everything and doing things the legal way. Paying taxes too. That way, no one will bother me and question my financial status change (quitting my job while being able to increase my spending activity 10-fold). It's one thing to become super-wealthy, it's quite another to be able to use your wealth without raising red flags and being labeled a criminal. Got to be careful with such things... Fortunately, my expenses and desires are not too extravagant, so I could stay under the radar, but still, this is an issue that needs to be looked at.

BTW, $50k crossed again, and rising. Cool

very important flying under the radar! IMO it means < 1000 EUR transactions BTC to FIAT. Cry

https://translate.google.com/translate?hl=&sl=de&tl=en&u=https%3A%2F%2Fwww.btc-echo.de%2Fso-will-die-bundesregierung-die-krypto-anonymitaet-einschraenken%2F

Who is using a german online wallet, anyway?
Bitpanda is the only one i can remind, and coinfinity as a broker, but are there more than five services like these based in Germany?
Thanks for the info, might address some people.

* OutOfMemory stroking his hardware wallet

NO, pls read careful the text in your mother tong German. it means it's in discussion that every buy or sell of FIAT <> Crypto over 1000 EUR will be monitored somehow in a database. we will see how this will play out but expect something in this direction in the future.

EDIT: it could mean if you have a German Bank and you work with Kraken you should stay under 1000 EUR back and forth with Kraken and the Bank. the plan is to copy the anti ML law of gold where the limit is 2000 EUR to be anonymous. but Crypto seams more dangerous for them so the lowered the limit to 1000 EUR. without ANY proof of essential ML in the past. cash is still king for crime.

Karartma1

legendary

Activity: 2310

Merit: 1422

Quote from: nanobtc on February 23, 2021, 09:32:06 PM

Today is a big day for me. Thanks to BTC, and partially to you all here, I am debt-free today. I quit my job, and I paid off ten years of debt, now I own my house and a few acres in the clear.
My wife and I live fairly simply. Old paid-for cars (that I can fix), no cable TeeVee. A large garden and a small shooting range in the back yard.

I quit smoking cigarettes, and DCA that amount into BTC. Doing this payoff burned a big chunk of the corn, but it is a better thing to do for myself, now. We won't be wealthy, but this is the American dream for me. YMMV.

Can't merit you but these are the stories that resonates the most with me!
Deserved congrats and keep living an healthy life on your very own terms!

@AlcoHoDL and others interested
https://lastbit.io/ this is also a very interesting card to look for

OutOfMemory

legendary

Activity: 1708

Merit: 3439

Man who stares at charts (and stars, too...)

Quote from: Gyrsur on February 24, 2021, 03:30:45 AM

Quote from: AlcoHoDL on February 24, 2021, 03:08:17 AM

Good morning WOers!

I see Warren Buffett's wisdom has worked again nicely while I was sleeping. We've crossed $50k, then pulled back to just under it. It's just a matter of time (hours/days) before we leave $50k behind for good. I believe the recent correction showed that there is good support at lower levels. This is not just a bubble ready to pop, as some falsely claim. This will pave the way for a slow and steady rise to $60k, $100k and beyond. I haven't sold a single sat during the dip (and, sadly, I haven't bought a single sat either). We may need some time to reach the above levels, but we will.

My SOMA guess:

Q2: attack on $100k,
Q3: $100k (stable),
Q4: $200~400k (unstable).

Regarding my earlier post/query about Bitcoin-funded Credit Cards, many thanks to those who replied. I checked out 2 companies (Binance and Crypto.com). They both offer such services and I may consider applying there, just for a test drive. Still, IMHO, the best course of action in this matter, as Richy_T has pointed out, is total transparency, i.e., declaring everything and doing things the legal way. Paying taxes too. That way, no one will bother me and question my financial status change (quitting my job while being able to increase my spending activity 10-fold). It's one thing to become super-wealthy, it's quite another to be able to use your wealth without raising red flags and being labeled a criminal. Got to be careful with such things... Fortunately, my expenses and desires are not too extravagant, so I could stay under the radar, but still, this is an issue that needs to be looked at.

BTW, $50k crossed again, and rising. Cool

very important flying under the radar! IMO it means < 1000 EUR transactions BTC to FIAT. Cry

https://translate.google.com/translate?hl=&sl=de&tl=en&u=https%3A%2F%2Fwww.btc-echo.de%2Fso-will-die-bundesregierung-die-krypto-anonymitaet-einschraenken%2F

Who is using a german online wallet, anyway?
Bitpanda is the only one i can remind, and coinfinity as a broker, but are there more than five services like these based in Germany?
Thanks for the info, might address some people.

* OutOfMemory stroking his hardware wallet

Gyrsur

legendary

Activity: 2856

Merit: 1520

Bitcoin Legal Tender Countries: 2 of 206

Quote from: AlcoHoDL on February 24, 2021, 03:08:17 AM

Good morning WOers!

I see Warren Buffett's wisdom has worked again nicely while I was sleeping. We've crossed $50k, then pulled back to just under it. It's just a matter of time (hours/days) before we leave $50k behind for good. I believe the recent correction showed that there is good support at lower levels. This is not just a bubble ready to pop, as some falsely claim. This will pave the way for a slow and steady rise to $60k, $100k and beyond. I haven't sold a single sat during the dip (and, sadly, I haven't bought a single sat either). We may need some time to reach the above levels, but we will.

My SOMA guess:

Q2: attack on $100k,
Q3: $100k (stable),
Q4: $200~400k (unstable).

Regarding my earlier post/query about Bitcoin-funded Credit Cards, many thanks to those who replied. I checked out 2 companies (Binance and Crypto.com). They both offer such services and I may consider applying there, just for a test drive. Still, IMHO, the best course of action in this matter, as Richy_T has pointed out, is total transparency, i.e., declaring everything and doing things the legal way. Paying taxes too. That way, no one will bother me and question my financial status change (quitting my job while being able to increase my spending activity 10-fold). It's one thing to become super-wealthy, it's quite another to be able to use your wealth without raising red flags and being labeled a criminal. Got to be careful with such things... Fortunately, my expenses and desires are not too extravagant, so I could stay under the radar, but still, this is an issue that needs to be looked at.

BTW, $50k crossed again, and rising. Cool

very important flying under the radar! IMO it means < 1000 EUR transactions BTC to FIAT. Cry

https://translate.google.com/translate?hl=&sl=de&tl=en&u=https%3A%2F%2Fwww.btc-echo.de%2Fso-will-die-bundesregierung-die-krypto-anonymitaet-einschraenken%2F

tertius993

hero member

Activity: 1029

Merit: 712

Quote from: BitcoinBunny on February 24, 2021, 03:18:32 AM

Quote from: nanobtc on February 23, 2021, 09:32:06 PM

Today is a big day for me. Thanks to BTC, and partially to you all here, I am debt-free today. I quit my job, and I paid off ten years of debt, now I own my house and a few acres in the clear.
My wife and I live fairly simply. Old paid-for cars (that I can fix), no cable TeeVee. A large garden and a small shooting range in the back yard.

I quit smoking cigarettes, and DCA that amount into BTC. Doing this payoff burned a big chunk of the corn, but it is a better thing to do for myself, now. We won't be wealthy, but this is the American dream for me. YMMV.

Congratulations. Cool

Agreed fantastic achievement, something to be proud of.

Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 6011. (Read 26713056 times)