All posts made by buwaytress in Bitcointalk.org's Wall Observer thread
1.
Post 16930892 (copy this link) (by buwaytress) (scraped on 2020-04-04_Sat_14.59h):
my quantity of BTC bought remains 1 to 2%, or even a bit more, greater than the amount sold.
You sound American? That's not the way it works. The selling of an asset is a taxable event. You figure out your net profit or loss based upon the price you paid for the assets sold. At the time of the taxable event. You don't get to figure out net based upon what it takes to replace that asset in the future. Sure, there are accounting details such as LIFO or FIFO and whatnot, but the fundamental calculus is what it is.
IANAL, etc.
What if bitcoin is seen by a government not as an asset or property but merely currency? Or does it not matter as it is "sold". I know in places currency exchange is only levied a service tax.
2.
Post 17219356 (copy this link) (by buwaytress) (scraped on 2020-04-04_Sat_14.59h):
After weeks not watching this thread and checking back for some fun and popcorn excuse after the $800 breach, I have to say I'm disappointed! Where are the conspiracy theorists, at the very least?
Merry Christmas to all you Europeans on your winter break, by the way. And to the rest of Swelter World, have a cold drink and don't mind the deflation.
3.
Post 17481648 (copy this link) (by buwaytress) (scraped on 2020-04-04_Sat_15.02h):
Personally, I was always expecting a correction of price not just for btc but for usd. Did not expect the bottom to dall out so quickly while the dollar has managed to maintain its strength.
Shame that the correction in opposite direction didn't happen for Eth or doge haha.
4.
Post 17766930 (copy this link) (by buwaytress) (scraped on 2020-04-04_Sat_15.03h):
The ETF date is the most interesting part about bitcoin at the moment. As a regulator you would have to be insane to approve a bitcoin ETF in current state, so if it did get approved it would probably be the government trying to create some alternative target for people to waste their time in and keep them out of the metals markets. When the current scam system starts to implode, gold will go to at least $20,000 an ounce in current buying power and silver will see even higher percentage gains. The sooner people figure this out, the faster it does implode - which is why they don't want people creating bull runs in those markets and want to distract people with other things instead.
Someone is going to get all upset that I implied bitcoin is somehow not as good as metals, but by that I just mean that it's very likely metals will have a currency roll again or that the world reserve currency will be metals, while it's very unlikely a nation state or the world reserve currency would be bitcoin. In fact, it would be a disaster since bitcoin isn't fungible with every transaction traced with white and black lists making it a permissioned ledger in that aspect. Until/if that issue is resolved, nobody should be wishing for the government or wall street to have any affiliation with bitcoin whatsoever when the odds of it turning into some 1984 scheme are far higher than not.
Bitcoin doesn't come without risk, if the system collapsed for some reason. If it was compromised or hacked. That surely rules it out as a reserve currency. Its a bit intangible with no physical "thing".
I suppose the equivalent in, say gold, is that someone manages alchemy and gold is suddenly 2 a penny.
In our bizarre world who knows which might even happen.
Was it Einstein who said, quite seriously, that every action is eventually possible, if not for lack of resource to make it viable.
It's virtually but not entirely impossible to conceive that people will find a way to create gold or that bitcoin system be caused to crash. All scenarios are possible, just not practically or realistically possible.
That said, even I would prefer gold to bitcoin if i were a country hedging. Simply because it will always be there and have value in my lifetime. I think it will be easier for btc to lose half today's value next month than for gold to do that!
5.
Post 18695357 (copy this link) (by buwaytress) (scraped on 2020-04-04_Sat_15.08h):
Everyone, everyone, calm down.
I am Satoshi
No,
I am Satoshi=D.
I wonder if all the Satoshis in Japan ever travel the world and get loving looks of adoration from Bitcoiners who run into them. Or if Pokemon people wonder if Nakamoto also created Ash. Gotta catch 'em all, them cryptos!
6.
Post 18756717 (copy this link) (by buwaytress) (scraped on 2020-04-04_Sat_15.08h):
Another early good morning Bitcoinland.
I see the price is continuing to creep slowly upward... currently $1295USD (Bitcoinaverage).
The battle over $1300 should be fun. As I'm typing I see it hit $1300 on Stamp.
I don't see any rocket train GIFs, just doom-and-gloom predictions of some huge expected crash. Be greedy when others are fearful, etc.
Glad I'm an investor not a trader. Maybe they'll be right and we'll get a big dip. In that case I'll buy more.
Meanwhile I'm enjoying the show. Go Bitcoin go.
Has it been a week if not more now holding near this $1,300 price? I don't remember anything holding for a week this year so far, so am surprised each day to find that it hasn't shot up or tumbled down. If the dip happens, I'm hoping for it to happen in two months or it'll be a wasted opportunity for me to buy more.
7.
Post 19595058 (copy this link) (by buwaytress) (scraped on 2020-04-04_Sat_15.12h):
Very nice pullback and epic battle over the bottom. Now hovering around 2515 on Stamp, I'm expecting some sideways movement and some smaller corrections for a day or 2 until the 2550 wall can be chewed through. Maybe that will get pulled but I'd welcome some sideways confidence through the weekend.
Not that I trust goldman sachs but they were accurate so far in calling the movement before it happened.
http://www.coindesk.com/goldman-sachs-bearish-bitcoin-price/ Battleground to 2600, popcorn ready!
Yeah, I was just commenting on a separate thread on that Sachs report - guess I was hoping to see them fall flat on their face, but if any traders followed that instinct, they'd be already making a first solid gain now. Then again, it was apparently tough to buy any BTC during the 2100 tanking as major exchangers experienced outages.
8.
Post 20187830 (copy this link) (by buwaytress) (scraped on 2020-04-04_Sat_15.14h):
so AGAIN a proposal
the person closest by new ATH guess to recieve 0.25 BTC paid direct
come start shooting
Now this is a bit of fun. We've all seen how 2017 has eluded all convention, apart from typically petering off post Christmas every year. I predict the post Aug 1 fallout, if at all, to be a bark followed by a whimper, before a mighty consolidation approaching September. Sentiment, renewed speculator appetites and an entire army of people who've newly entered the market at 1900 will see a lot more volume by then too.
So my wildly optimistic new ATH: September 11 2017.
9.
Post 20631010 (copy this link) (by buwaytress) (scraped on 2020-04-04_Sat_15.16h):
Well done to the winners of micgoossens's ATH contest, kudos for being correct with your predictions. Sometimes, being overly optimistic pays off eh? I don't really benefit much from new ATH so soon, but can't say am not pleased!
10.
Post 20633149 (copy this link) (by buwaytress) (scraped on 2020-04-04_Sat_15.16h):
Why stop there? If the flag day fork in November is avoided $5 to $10k seems reasonable.
I said I'd post a special gif of myself once we surpass $3000, and this was quite some time ago (I think it was around the first time we hit 29xx on Bitstamp). Here it is:
This week showed that whatever doesn't kill Bitcoin will only make it stronger. I definitely feel $5k is within reason, given everything that's already happened so bring on November! Special gif request please.
11.
Post 48595938 (copy this link) (by buwaytress) (scraped on 2020-04-04_Sat_16.20h):
tbh looks more like my scro...
wait perhaps tmi
There's no way I could ever talk to people about my "bags" and how low they sink/fall without cracking a lip trying not to laugh. Never mind comparing my spheres to the sun...
Quite a few were saying 2020 area for a while (as a date for lows more then a price), its long had a countdown clock
As I remember the phase upto the halving was a mini pump, expectations after a nuclear winter post mtgox blowing its top off like Mount St. Helens :p Then disappointment, buy the rumour sell the news dynamic and then as some noted the effects build with every block not an immediate dramatic alteration.
I'm one of those, saying it since 2016 (but that's also when I first seriously entered!). Thought we'd see a mini pump, and then the halving etc. etc.
Not saying an am expert or anything and I'm sure I could still be proven very wrong even on 2020 timeline, but the extend of ATH of 2017 caught a lot of people by surprise and perhaps even delays the 2020 estimate. I got Bitcoin in 2016 knowing it took years for others before me to see any gains... I wasn't expecting to wait less time than they did.
At this point, hard to be disappointed though.
12.
Post 49639642 (copy this link) (by buwaytress) (scraped on 2020-04-04_Sat_16.30h):
I really feel that I should be wearing my hat now but I’m getting 0.08BTC per month to be in this signature campaign. I know it’s not a lot but it adds to my stash & you never know how much this could be worth one day.
I feel like I’m letting the team down, man.
I might have to leave the campaign soon for the WO bro’s.
Actually 0.08
BTC/month is a pretty decent rate. I miss my hat too but camps like these helps me to reduce my acquisition cost which makes me a happier person.
I am already dancing on that thin line with that price $3360. If it goes lower for another $100 I'll start to see red stuff on my portfolio and I hate red.
I want to be as green as this guy below:
People look down on signature campaigns & I do sometimes feel embarrassed that I participate in them but I get paid to advertise by posting which I enjoy doing any way so I may as well get paid for it.
I know I've asked this before and mic tried to explain, but what exactly is this hat thing that's going on? Is it from this thread? Yes, I'm a n00b with certain things. Do I need a hat to show my support or can I just say stuff and get pats on the back?
Sigcamp's doing a lot for me atm too. Almost totally unable to add to my stash for over a year thanks to tanking prices (I sell for bills boo) but my campaign's really, really ensuring my levels don't drop.
We shouldn't feel so bad for it, should we?
13.
Post 51309932 (copy this link) (by buwaytress) (scraped on 2020-04-04_Sat_16.49h):
Hopefully I am not going to be too active on price watch tomorrow and hopefully LFC_Bitcoin too, because either we are too happy, or too devastated to do much. Yeah I know, I'm spreading too much love in this forum for Liverpool but some things are just tied so closely together you can't help it!
But what correction, anyway? Half of that pullback wiped out, and we all know what's been happening the last few Sundays!