Bitcoin Forum
May 09, 2024, 12:41:42 PM *
News: Latest Bitcoin Core release: 27.0 [Torrent]
 
  Home Help Search Login Register More  
  Show Posts
Pages: « 1 ... 212 213 214 215 216 217 218 219 220 221 222 223 224 225 226 227 228 229 230 231 232 233 234 235 236 237 238 239 240 241 242 243 244 245 246 247 248 249 250 251 252 253 254 255 256 257 258 259 260 261 [262] 263 264 265 266 267 268 269 270 271 272 273 274 275 276 277 278 279 280 281 282 283 284 285 286 287 »
5221  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: June 18, 2017, 04:40:53 PM
Any ideas why the exchanges are speculating a drop to 1723 in the short term? http://www.bitcoinforecast.com
Although this is not always correct, bitstamp nailed the most recent drop within a few bucks. 
There could be some indicators of a correction, it's definitely possible that we aren't out of the danger zone yet. I somewhat agree with their long-term price speculation but I feel like it could go either way at this point.

Very short term, who knows.

Being around $2500 for most of this month is the best that could happen to consolidate this price range (2k-3k). Medium-Long term it mostly depends on how the scaling issue is handled: If they are finally able to solve scaling in a non-contentious way the price will moon way higher than anyone could predict, with a huge pump right after things are clear and a continuous rise until the end of year.
5222  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: June 18, 2017, 03:50:44 AM
As much as I share the happy sentiment that the "chikun has arisen" we should probably keep the topic on Bitcoin here. adamstgBit's will have to spend all day deleting posts if it gets more out of hand.  Cheesy

Adam got deleted a long time ago.

Oh. Guess I wasn't paying attention. Does he have a new account? Anyhow, the forum mods still delete off-topic posts. Thanks for pointing it out.

Some think that Killerpotleaf is Adam's new account. There's nothing that I know of that definitely links the two accounts, but Killerpotleaf does share Adam's sense of humour.

AFAIK, the last time Killerpotleaf posted anything was a night in which he went full retard posting *lots* of memes about an incoming huge hapening. A couple days later the biggest Bitcoin pump started. I want to think he meant a huge PUMP was going to happen and not the opposite. It would be sad if he sold thinking a huge dump was going to happen.



He usually does that on pumps... and on dumps he barely says anything... Smiley

Good to know. When that happenned the price was under $2000. He haven't even logged on after that night.
5223  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: June 18, 2017, 02:48:10 AM
As much as I share the happy sentiment that the "chikun has arisen" we should probably keep the topic on Bitcoin here. adamstgBit's will have to spend all day deleting posts if it gets more out of hand.  Cheesy

Adam got deleted a long time ago.

Oh. Guess I wasn't paying attention. Does he have a new account? Anyhow, the forum mods still delete off-topic posts. Thanks for pointing it out.

Some think that Killerpotleaf is Adam's new account. There's nothing that I know of that definitely links the two accounts, but Killerpotleaf does share Adam's sense of humour.

AFAIK, the last time Killerpotleaf posted anything was a night in which he went full retard posting *lots* of memes about an incoming huge hapening. A couple days later the biggest Bitcoin pump started. I want to think he meant a huge PUMP was going to happen and not the opposite. It would be sad if he sold thinking a huge dump was going to happen.
5224  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: June 17, 2017, 05:40:11 PM
Litecoin mooning. Havent heard that in a while. Congrats to litecoin hodlers, i dont own any but if any alt were to rise im glad its litecoin and not shitcoins like ETH and Ripple.

Yep. I do have some, so I have some interest here, but even if I didn't, I would be very glad it could take that Ripple scam out of the second position. I don't say ETH because, well, that is totally out of reach. LTC is helping bitcoin as a testbed for Segwit. Maybe in the future it will contribute testing some other developments before Bitcoin integration.
5225  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: June 17, 2017, 05:37:09 PM
BItcoin looks to be recovering a bit today. LTC is on a tear (for Litecoin of course). While everything has been volatile again at the end of the week zcoin has made very little headlines with its big gains.

I would like to see Bitcoin make it back to steady $2700s again...

There seems to be a pattern of weekend Bitcoin pumps developing, as opposed to the weekend dumps we used to get. I still don't understand the reason for it as no fiat gets sent to exchanges while the banks are closed over the weekend.

That's easy to explain: When Bitcoin is over past ATH and the weekend comes there's no remaining FIAT on exchanges. When a BIG dump comes during the week, there's LOTS of FIAT on the exchanges from the people that sold higher.
5226  Bitcoin / Hardware wallets / Re: [ESHOP launched] Trezor: Bitcoin hardware wallet on: June 17, 2017, 05:30:23 PM
Is there any possible way to keep XRP AKA RIPPLE on tremor?

Not on Trezor yet, only Ledger Nano S. Official Ledger shop says if you order now they are not shipping until September 2. You can still find Nano S for jacked up prices on Amazon. I wouldn't pay the $200 plus sellers are asking for.

$200? Wow, that more than double its regular price. Maybe I should be investing in reselling hardware wallets instead of buying coins lol
5227  Bitcoin / Hardware wallets / Re: [ESHOP launched] Trezor: Bitcoin hardware wallet on: June 17, 2017, 05:28:05 PM
Yes, It does have a password manager, something Ledger doesn't have. After some more intensive testing I have found out that it does work in about half of the sites I do use. It will save me some time, but I hope the pasword manager function (which is an exclusive feature of Trezor) will get more polished in the future and, at least, work on all major cryptocurrency related websites.

If only the password manager function worked flawlessly it would be enough reason to have one even if not into cryptocurrencies.



Ledger also have a password manager, it's in beta, is a different phylosophie, but is quite clever Wink you can restore passwords from seed has long as you keep labels Wink

and device restoration is 100% on device. I have both ledger and Trezor  Wink Don't use anymore the Trezor for Wallet, but will maybe try the password manager Wink

I can sell it maybe if Trezor first edition is valuable, have no idea, make an offer if interested Wink

Do you have any source where I can find more information about that alpha password manager for ledger nano s? Or maybe you are referring to FIDO U2F?

I haven't really tried Trezor as a wallet yet. It seems that the web app only supports BTC and for anything else it requires the installation of some standalone app. I am on Linux.

Anyway, the wallet function of the Trezor I only needed as a backup to my Ledger as I am more than happy with how it works. But I wanted the Trezor for the password manager... Have anyone else been able to use the Trezor password manager on Kraken and Poloniex? If so, could you share how did you configure it to work with those sites? Thanks!
5228  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: June 17, 2017, 03:56:47 PM
Stamp breaking 2600, soon the pain will ease.

OKCoin is going to break 2900, 2830 2850 currently and going to the moon.

That 7d candle may actually turn to green!

I would prefer if this candle finish being red at around $2800. That way I won't have to hear for some time that argument about the 9 green candles in a row.
5229  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: June 17, 2017, 03:44:07 PM
Litecoin heading to a new ATH after 4 years...

Volume traded past 24h bigger than BTC at $1.4Billion

Also, unlike what usually happen with ETH, LTC rise isn't harming BTC the slightly, it is even rising at very good rate.
5230  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: June 17, 2017, 03:35:51 PM
BTCBTCBTCBTCBTC another bump up towards PLANET X>.>WEEEEEEEEE..tbc!!  Cool  //^$3000 inkominggggg<<<

hint**===>

https://www.youtube.com/watch?v=aaBikrBZt2w

Why do you keep changing accounts? Maybe you should change that cryptic style of posting too so that it isn't that obvious.  Most of time it doesn't make any sense anyways.
5231  Bitcoin / Hardware wallets / Re: [ESHOP launched] Trezor: Bitcoin hardware wallet on: June 17, 2017, 04:46:47 AM
My stingy ass just bought a Trezor wallet today. Reason that I waited so long is because my BTC holdings are only like 1.3 BTC. My BTC holdings have never exceeded 3 BTC. However, gone are the days that my mini-BTC holding just doesn't justify purchasing a hardware wallet. 0.07 BTC for my purchase, today compared to the .50 BTC it would have cost back in 2015, seems very reasonable. I didn't realize Trezor had a password manager. I'll have to check it out when I get it.

Yes, It does have a password manager, something Ledger doesn't have. After some more intensive testing I have found out that it does work in about half of the sites I do use. It will save me some time, but I hope the pasword manager function (which is an exclusive feature of Trezor) will get more polished in the future and, at least, work on all major cryptocurrency related websites.

If only the password manager function worked flawlessly it would be enough reason to have one even if not into cryptocurrencies.

5232  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: June 17, 2017, 02:06:43 AM
In the meanwhile, Litecoin is being highly pumped because LTC will be traded on Bitstamp by Monday and maybe something related to lightning network.

I think people may sell BTC for LTC and dump the BTC price a little.

It was totally expected that LTC would moon. Also in the past few days satoshilite has resigned from Coinbase to fully devote to Litecoin. LTC will be traded on Bitstamp on monday, which is another bullish factor... but Bitstamp doesn't have LN implemented yet, just regular trading and transactions.

I am not so sure many Bitcoiners will do that right now. Most probably already did when LTC announced it was implementing Segwit as a matter of showing support to Segwit (at least thats what I did).

I can't even imagine how much will Bitcoin rise when Segwit approval is a sure thing and all scaling issues are finally solved.
5233  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: June 17, 2017, 12:09:56 AM
People discussing how to defraud the taxman on a public forum. *shakes head*. I hope you're all using VPNs.

As Mitt Romney said, you can legally not pay your taxes.

Or at least, keep your tax footprint small.

Of course you can legally not pay taxes (or pay much less). But not in the ways are being discussed here.

Look at Roger Ver, he even left the USA nationality and became a citizen of Saint Kiss and Nevis (whatever that is).

There are ways, but none of them are simple nor cheap.
5234  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: June 16, 2017, 11:43:31 PM
People discussing how to defraud the taxman on a public forum. *shakes head*. I hope you're all using VPNs.

It's all for scientific purposes... and you know it! Smiley
5235  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: June 16, 2017, 11:11:10 PM
Unexplained wealth is the reason. And it is on you to prove it didn't come from illicit activities and to pay the proper tax on it.

It's not doubt plenty of wealth but it is fully explainable. You're better off contacting your bank beforehand and having all your info together but people do it every single day without being executed.

Being explainable doesn't avoid you having to fully explain it. Of course once you are increasing your official net worth (paying taxes et all) you already have a track record that is not suspicious anymore.

Anyways, what dabs was suggesting is trying to make them believe that all his Bitcoins were bought in the last few months without any sound proof of where did he get the cash to buy it, from whom (unidentified individuals), etc...

And THAT, will be a real nightmare that most probably wouldn't end well.
5236  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: June 16, 2017, 11:01:15 PM
Yep. It is already VERY HARD to make them believe how some little money have growed so much in a few years even if you have records of every transfer to the exchanges, every purchase/trade, etc etc....

Why? I can trace the purchase and the price paid, the movement through wallets and the eventual sale price. It's all there to be presented. It's not witchcraft.

If you get taken to court for some reason, what reason would it be? The court would clip the taxman around the ear for wasting its time.

Well it depends on many things. I will explain with an extreme example:

- Let's see you are unemployed and have not had any official income for the past 5 years.
- YOu don't really care because you have a few thousand BTC you bought in 2010.
- Now you decide to cash out 500BTC or 1 million eur. you send the coins to the exchange and withdraw to your bank.
- You pay the capital gains on it on your declaration.
- Very probably you raise suspicions and get audited. It is even very possible it even hapenned as soon as the bank received that sum and informed the tax office. Then money is put on hold.
- You have perfect proof of everything... Probably they don't understand it fully and you need to present notarised translated documents. Maybe even some expert witness report explaining the moves, etc...
- Trouble, trouble... in this case you will probably be free to go, but not before a lot of headache.

Unexplained wealth is the reason. And it is on you to prove it didn't come from illicit activities and to pay the proper tax on it.
5237  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: June 16, 2017, 10:47:30 PM
Of course you have to tell .gov where the fiat comes from.
That is called AML and exist everywhere except in tax paradises.


Yep. It is already VERY HARD to make them believe how some little money have growed so much in a few years even if you have records of every transfer to the exchanges, every purchase/trade, etc etc.... even with perfect proofs it will raise suspicions if the amount of money is sizeable (let's see enough to buy a cheap property, which you need to first convert to banking fiat and pay taxes). If you add an incredible story with no real valid proof.... that's trouble.

I am always talking about sizeable amounts. If we are talking about only a few thousands, nobody will give a shit about it. The real risk begins in the tens of thousands, is almost a sure thing in the hundreds of thousands, and is a completely sure thing if we are talking about millions (maybe unless you are so rich now that your official net worth is already in the millions of previously taxed banking fiat/real state/etc).
5238  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: June 16, 2017, 10:25:12 PM
Yep. But they were talking about declaring that one of the last purchased BTC (at a much higher buying price) is the one being sold. That completely ignores FIFO (First In First Out) that I supposse is a standard on most western countries.

All my bitcoins were purchased about one month ago. I can show you records. I bought it from a guy in the corner of some street, I don't know where, and I can't find him anymore, but here it is in the block explorer. That's my very first one. The next one is a few days later. See, here. (pointing to a print out of blockchain.info or any other block explorer and the paper wallet in question.)

I bought bitcoins because I saw it on CNN and CNBC and Fox News last month.

I understand your point, and maybe in your country that would work... But let's see what would happen in Spain (and probably MANY other countries):

- You say all were purchases one month ago, Ok. With WHICH MONEY? Ok, you say cash... why did you have so many cash outside the banking system are you a criminal??? Where does it come from?

- Anyway... You couldn't have make any single purchase of BTC for cash in excess of 3.000€ (legal limit for cash purchases). But then you say... ok, one BTC at a time is under that limit... ok
But then you can't say FROM THE SAME GUY, also you can't say it was 50 purchases in a few months of one BTC each from 50 different guys, because that would be SMURFING/STRUCTURING.

And, again, where did you obtain those 50 * 2000 = 100.000€ in first place? I don't see it in your tax reports....

- Also, you mention you can show records... Ok, let's see those records... Do you have any banking receipts for the deposits to the exchanges? Oh no, it was cash.. ok ok... Well, I am sure you have signed receipts from the individuals you purchased those BTC, don't you? With enough data so that we can also raise an audit on them and check the coherence of your claims.

I could go on and on about how much the tax office has growth its power and methods of control. Maybe not in your country, and maybe you are lucky and they never notice (which doesn't mean it was risk free) but just saying that it's not that easy to avoid big trouble in the future if you don't comply from the beginning.

What if your BTC stash is worth a few millions some day... Do you think your story, without any sound proof of it, will stand?



5239  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: June 16, 2017, 09:34:53 PM
They're also trying to make it hard to cash out in to a house in the UK http://www.transparency.org.uk/unexplained-wealth-orders-a-brief-guide/
*dekulakisation intensifies*

It's not exactly hard. Show them your exchange buys or mining records. Show them the sale. Dig out some old private keys if necessary. Pay yer tax. Away you go.

That's not to say your bank won't have kittens anyway but you're not doing anything wrong. You're cashing in profits on something you own just as you would with shares or a classic car. Just dig out some proof of ownership.

The actual law won't treat crypto any differently than anything else. Banks might be a different matter.

Yep. But they were talking about declaring that one of the last purchased BTC (at a much higher buying price) is the one being sold. That completely ignores FIFO (First In First Out) that I supposse is a standard on most western countries.

5240  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: June 16, 2017, 09:23:31 PM
Any good news  ?

Segwit2x compatibility with Bip 148 is becoming a reality. Pools are already starting to announce support.

https://www.reddit.com/r/Bitcoin/comments/6hmof7/an_attempt_at_explaining_segwit2x_and_bip_148/

https://twitter.com/excellion/status/875767027784273920



https://twitter.com/Bixincom/status/875760525757399040


ViaBTC announced too. People in separate camps are still so dug in that news is developing slowly. Just as the Bitmain announcement made some UASF folks freak out (despite it being seen as good news by others in that camp), this information will take some time to emerge and fully sink in. It seems the tide is turning here. For the better.


I will say this. A lot of longs are being taken out right now.

Yeah this is indeed some great news!
We will get SegWit as wished, without any modifications, and the HF stuff will come later.
However does anybody here if it really will kill ASICBOOST now?
I'm not that deep into the technical stuff and some opinions seems to differ here.
Antpool and Bitmain will probably the last ones to signal. But I'm sure they will do.


Who cares about ASICBOOST? As long as Segwit is implemented and the scalling issue is closed Bitcoin will skyrocket. If Bitmain keeps having an advantage over other miners by using ASICBOOST is mainly a miner's problem. I am only against ASICBOOST in that it has been the reason for blocking progress on Bitcoin. Other than that I don't really care.
Pages: « 1 ... 212 213 214 215 216 217 218 219 220 221 222 223 224 225 226 227 228 229 230 231 232 233 234 235 236 237 238 239 240 241 242 243 244 245 246 247 248 249 250 251 252 253 254 255 256 257 258 259 260 261 [262] 263 264 265 266 267 268 269 270 271 272 273 274 275 276 277 278 279 280 281 282 283 284 285 286 287 »
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!