Bitcoin Forum
September 21, 2020, 12:51:42 AM *
News: Latest Bitcoin Core release: 0.20.0 [Torrent]
 
  Home Help Search Login Register More  
  Show Posts
Pages: [1] 2 3 4 »
1  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: April 07, 2020, 08:59:38 PM
My apologies if this is is not the correct forum for this question -- this is the only thread I follow.  Just trying to get my ducks in order and get a better grasp of what I have in place.

Say I have some BTC that I've owned since 2013 and they have been untouched since that time. 

Which coins/denominations do I have from each BTC I have as it relates to forks?

I know for sure I have 1 BCH, and maybe 1 BSV for each BTC I own, but is there anything else of value I should be looking at in case I'm thinking of doing anything in the next few months?

Thanks in advance!

2  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: April 09, 2018, 12:37:47 AM
Can I get my birthday for the $12,288 game please?

August 19, 2018

3  Bitcoin / Legal / Help with filing Taxes on: April 08, 2018, 02:37:17 PM
Ugh, I know what my gains were in 2017 from selling Bitcoin Cash. 

But obviously I never got a form 1099-B from the exchange I used.  So can I complete the 1099-B myself?  Do I also have to complete form 8949 myself as well?  Do I list the exchange as the one that is reporting this gain to me on form 1099-B even though they did not issue the form itself?

I swear, I really want to not report this income since no one is issuing me any type of documentation, and part of me thinks that claiming this gain is going to create more questions than if I did not report it.

I'm just trying to report around $7,500 in capital gains.  Anyone have any advice?

I'm using www.taxact.com software

4  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: March 08, 2018, 07:20:20 PM
Regarding my editing out of my own text, I sometimes engage in that practice to save space, and I perceive that there is frequently no need to repeat content when it can be easily linked back to.   You want to make long additions to walls of text for no fucking reason, you goofball?   

I think I hear Alanis Morissette in the background...

I would need more of a reference than that in order to understand that puzzling response.

Isn't it Ironic , that you wouldn't get it

5  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: February 14, 2018, 04:31:56 AM
We have movement.....

Indeed.  Wondering when someone was going to say something.  I didn't want to jinx it
6  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: February 07, 2018, 05:35:30 AM
Volume to support this rally is anemic. It looks like we'll be heading down again. I suspect we'll be testing $6,000 again soon.



That's exactly why I reacted so strongly to egyptian magician's "wisdom." "Anemic volume."  Cheesy What's next? Is he going to pee on us and tell us it's raining?

I noticed he magically avoided mentioning the name of his old account with all of the wise posts...

Amazing that he sold right at the top too.  How prescient.  What a joke
7  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: February 06, 2018, 06:32:58 PM

Correct me if I'm wrong, but the problem is that historically a Bitcoin downturn has never failed to fall below the 200 MA eventually at some point and stay there for a while.  Undecided

Wasn't it breached late last night?  200 MA appeared to be around $6,050 and we dropped to around $5,600

Not for a terribly long time, but it was breached


what are your numbers based on? Polo shows 6012 low on 24hr chart.

Sorry, my bad -- I thought it dropped to $5,600 last night on GDAX (the exchange I use primarily) but it looks like it only got as low as $5,913 --------- still a decent amount under $6,050

If Polo got as far as $6,012 I think this all tells the same story -- $6,000 or thereabouts should be considered the resistance point, and hopefully we don't test it again.......
8  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: February 06, 2018, 06:15:18 PM

Correct me if I'm wrong, but the problem is that historically a Bitcoin downturn has never failed to fall below the 200 MA eventually at some point and stay there for a while.  Undecided

Wasn't it breached late last night?  200 MA appeared to be around $6,050 and we dropped to around $5,600

Not for a terribly long time, but it was breached
9  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: February 06, 2018, 06:13:40 PM

Great article/video, thank you for sharing.  This helped me a LOT in fashioning my future buy/sell strategies (mostly buy)

10  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: February 06, 2018, 04:19:51 PM

@OutlierCanada
Banks want to "save you" from the risk of price fluctuations in #bitcoin & cryptocurrencies, but ads like this one encouraging you to run up a card balance are fine... Is the real issue that in a world where financial sovereignty is possible, many of us will choose it over debt?

But But But -- socks aren't a risky investment

Haha, the double standard is infuriating, I agree
11  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: January 30, 2018, 07:59:11 PM
... I still struggle to understand why he recommended it to me, yet never embraced it himself.  I just think it was mainly laziness on his part. ...


Isnīt it possible that your friend simply didnīt had the money to buy
BTC even when the Bitcoin price was low? I guess a few people that believed
in Bitcoin simply missed out due to not being liquid enough to invest.

Iīm not sure from which country you are, but even in a wealthy country
like the US the average person is not exactly having a lot of money
that is available for investment.

63% Of Americans Don't Have Enough Savings To Cover A $500 Emergency

Maybe you should reconsider and gift him a few mBTC  Wink



Nah, I know him well enough to know that he has/had enough discretionary income to invest in Bitcoin an amount he was willing to lose.  Interestingly (or sadly) enough, at the time I remember he was really into Physical silver.  He was accumulating quite a bit and we talked about Doomsday scenarios a lot.

You don't think ... my friend could actually be.... ?  No no, don't think it (shudders)  lol

12  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: January 30, 2018, 07:44:13 PM
I HODL.

2017 was a game changer, today my hairdresser asked me about "how to bitcoin", as i have mentioned earlier that am now "retired" thanks to bitcoin.

Seldom people talk about his, but the fact that bitcoin has reached the intellectually lazy "average Joe" 's mind last year, and the basic instinct of human greed made several of my
acquaintances to reach out to me* and wants to "invest" made me have the impression, that this must be happening all around the world; just look at the stupid ICO
frenzy, ill informed people throwing money in hope to make fortunes -bitconeecrash LOL.

My point is, even if the motivation of the "downtrotten" is for just quick buck, the fact that they start to accept cryptos as a valid substitute of wealth preservation/increase vs. the fiat world is a huge
step in the way of making bitcoin a mainstream phenomenon.

I wonder why all the worries, if anyone is here for the long run, who cares about a 50% dump? We are still up 1000%+ from a year now, why the FUD?



*Sadly, my efforts to educate these people always hit a brick wall, as they express implicitly, that they "do not have time" to invest in understanding the basic concepts (mathematical, IT, economic, etc.)
what bitcoin is, just wants free money.

Side rant: Now i do not have guilt anymore about the fact that my ex colleagues will earn less in 30 years than me just by sitting on my bitcoins, for i have spent literally 1000s of hours educating myself, restrained my spending for years ("nah, i won't go with you to a vacation, rather buy 5 more of those really cheap bitcoins! - 2015), and they could not take the fukin effort to read a couple of articles/watch a few hours of videos on youtube i have put the effort into select and sent them for basic education.
 





Couldn't agree with you more.  A friend of mine referred me to Bitcoin in summer of 2013.  I bought my first at $800 and one of my last at $200 in 2015 and have held since then.  I read voraciously on the subject back in 2013 which is the main reason why I invested around $10,000 into the technology and continue to be fascinated by it.

My friend you ask?  The one that first told me about it when it was at $60?  He owns .15 of a BTC, which was a gift from me in 2015.  I still struggle to understand why he recommended it to me, yet never embraced it himself.  I just think it was mainly laziness on his part.  He had read enough about it to deem it interesting enough to pass on to me, but never spent more time understanding it.

I still feel a tad guilty when we speak, cause he's not getting another gift haha

13  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: January 19, 2018, 08:01:28 PM

Is this "priced in", or are we going to catapult down even further when they do finally go under?  Wondering how much of the recent plunge was the futures contracts coming due versus BitConnect.
14  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: January 09, 2018, 04:46:01 PM
Does anyone think it's interesting that the CBOE futures -- which started a month ago today --- had an opening set price at $14,800 --- It's my understanding that the first month of pricing predictions will close today at 4pm EST, and the price is hovering right around --- $14,800?
^^^^

edit: don't really know. is there that much riding on it this month?

Ah true, I think I read somewhere that there was only 100-200 BTC worth of action "wagered". 
15  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: January 09, 2018, 03:27:07 PM
Does anyone think it's interesting that the CBOE futures -- which started a month ago today --- had an opening set price at $14,800 --- It's my understanding that the first month of pricing predictions will close today at 4pm EST, and the price is hovering right around --- $14,800?

16  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: January 07, 2018, 02:46:43 AM
Possible "dividend" shit forks for hodlers, what a list...

https://en.wikipedia.org/wiki/List_of_Bitcoin_forks


Lets not call them dividends because you have to pay taxes on those.

You have to pay taxes on stock dividends too
17  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: December 25, 2017, 02:45:29 AM
First of all, there is no perfect competition. Some businesses will always gain an edge. As happens over and over again, an oligarchy is eventually formed. If left unchecked, a cartel is then formed. Then the cartel can charge whatever price the market will bear. For some products and services, this price is quite high indeed. As can be seen from the current tx market with Bitcoin, the cost people are willing to expend on a transaction is quite high. Pennies is not going to be that price. It will be magnitudes of orders higher.


This is actually a good point.  TX fees are extremely high right now because BS/Core has formed a cartel in order to limit the production of block space.  What is confusing (and ironic) is that the miners (those who one would naively suspect to attempt to form a cartel) want the production quota lifted!  So, yes, experience is showing that Bitcoin is somewhat susceptible to cartel formation (it's just surprising that it's cartels of developers rather than cartels of miners).    

TX fees are high because your bullshit BCASH proponents spamming the network with 1 satoshi transactions.  Fuck you Peter. Just go away

18  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: December 23, 2017, 04:38:08 AM
Take a peek into the inner workings. Technical discussion on address format is strangely compelling.
https://bitcointalk.org/index.php?topic=2624630.0



Are addresses going to be longer because there is a concern they can be cracked with quantum computers within the next 10-20 years?  I think I read this somewhere.
19  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: December 23, 2017, 04:32:44 AM
It looks like it secretly might want to do one more to somewhere between $8K and $12K. There still wasn't enough volume.

I think you secretly want that to happen, not Bitcoin
20  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: December 22, 2017, 01:00:59 PM
March 8th 2018 on the 24,777 game, thanks!
Pages: [1] 2 3 4 »
Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!