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Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
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on: December 17, 2013, 01:57:17 PM
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Well if it goes to >10,000 then that'll wipe out all my loses, which aint much because I haven't been playing with that much really.
if you need $10k per coin to cover its a huge loss at least % I don't NEED it, I was just remarking how many posters seem to think it'll get to 10K. In fact, if/when it gets to 1200 I'll MORE than recover those losses, in BitCoin AND the other coins I have. Percentage wise yes, total dollar wise no it's not a huge loss. I'm only playing with what I can afford to lose so far and besides, it's a good education. |
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Bitcoin / Legal / Re: IRS reply
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on: December 15, 2013, 10:45:35 PM
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Personally, I'd really love to pay off my house and not have that to worry about anymore, regardless of where BTC ends up in the future. And last I checked, Wells Fargo doesn't take BTC for mortgage payments. That's why WE change it back to Fiat and pay the Bank. At least, that's MY plan. Now AFTER it's turned back to Fiat THEN it becomes a Capital Asset and Taxable. Is that about right? |
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198
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Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
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on: December 15, 2013, 02:36:32 PM
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China has the largest volume of the lot, and it is going down, slowly but constantly. It has tested the psychological support threshold @ 5000 already 3 times today, and failed to break that dam until now. Will see what happens but honestly the overall scenario is bearish so far.
I agree. I'm gonna' hold off buying more BitCoins (or more accurately, fractions of BitCoin) for today and see what happens. |
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