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

[molecular]

The problem with daytrading is, as I live in Germany (and understood it correctly), I have to pay 30% taxes with every cashout. Only when I hold longer than 1 year, then there are no taxes. And hell I don´t give them dicks $1 of taxes. I invest and risk my money and if I lose it they don´t care. But when I make profits, they want 30%. Fuck them.

Not 30%. It's part of your income ("Einkommen aus privaten Veräusserungsgeschäften").
Not "with every cashout". You just have to determine how much your gain is on each sell (can get rather complicated) and how long you held the respective coins. If you make a loss on the trade, you can deduct that. (but not against gains from other types of income, like from work, for example)

You clearly have no idea how this works in germany. But I read between the lines that you don't care anyways, so all is good.

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[ChartBuddy]

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Explanation

[oda.krell]

The problem with daytrading is, as I live in Germany (and understood it correctly), I have to pay 30% taxes with every cashout. Only when I hold longer than 1 year, then there are no taxes. And hell I don´t give them dicks $1 of taxes. I invest and risk my money and if I lose it they don´t care. But when I make profits, they want 30%. Fuck them.

Not 30%. It's part of your income ("Einkommen aus privaten Veräusserungsgeschäften").
Not "with every cashout". You just have to determine how much your gain is on each sell (can get rather complicated) and how long you held the respective coins. If you make a loss on the trade, you can deduct that. (but not against gains from other types of income, like from work, for example)

The "30%", while wrong, is perhaps due to the fact that for some types of speculative profits a flat 25% "Abschlagssteuer" applies (so he /almost/ got the percentage right). It's just that BTC is effectively treated like a foreign currency, so the Abschlagssteuer doesn't apply, but rather the income tax as you point out correctly.

You clearly have no idea how this works in germany. But I read between the lines that you don't care anyways, so all is good.

*snort*

[criptix]

The problem with daytrading is, as I live in Germany (and understood it correctly), I have to pay 30% taxes with every cashout. Only when I hold longer than 1 year, then there are no taxes. And hell I don´t give them dicks $1 of taxes. I invest and risk my money and if I lose it they don´t care. But when I make profits, they want 30%. Fuck them.

Not 30%. It's part of your income ("Einkommen aus privaten Veräusserungsgeschäften").
Not "with every cashout". You just have to determine how much your gain is on each sell (can get rather complicated) and how long you held the respective coins. If you make a loss on the trade, you can deduct that. (but not against gains from other types of income, like from work, for example)

You clearly have no idea how this works in germany. But I read between the lines that you don't care anyways, so all is good.

Hold 1+ year and problem is solved.
Imho it is pretty great for bitcoiners in germany - only denmark with 0% tax can beat it.
Reason i was actually thinking of moving there if the time should come

[criptix]

Hello other bitcoiners!

What could be more fun than hanging out at playgrounds, exposing children to bitcoin?

I'm probably at a playground right now, exposing my smelly private key to your kid. Nothing you can do about it either

Because you can't stop bitcoin, so don't even try.

Dont tell me you switched sides lambie

Dooom

[ChartBuddy]

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Explanation

[Hyperjacked]

Must admit...someone is painting the charts beautifully !

[ChartBuddy]

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Explanation

[ssmc2]

New sock topics popping up like crazy again. Must be another pump on the horizon. 

[JayJuanGee]

Must admit...someone is painting the charts beautifully !

What do you mean? 

Which way are we going? 

I am expecting a small additional correction (profit-taking and attempt to test the downside) from here over the weekend, maybe just 3% down... ,  but I am just guessing too...


I can't really determine the level of effort being placed in downward pressures and whether they are getting too much resistance or if the bearwhales are just holding back some of their BTC.... or if they are running out. 

I recognize NOT being able to see who is doing what as one of the difficulties for us non whales if we are not either engaging in the trades top push downward as is the bearwhale(s) or in a position to be able to see who is doing what, such as an exchange operator would be able to see if they were employing such spying tactics.

[JayJuanGee]

Hello other bitcoiners!

What could be more fun than hanging out at playgrounds, exposing children to bitcoin?

I'm probably at a playground right now, exposing my smelly private key to your kid. Nothing you can do about it either

Because you can't stop bitcoin, so don't even try.

Dont tell me you switched sides lambie

Dooom

I believe that Lambie just attempts to titillate us with various analogies and to play a little sarcasm and maybe even reverse psychology.

Ultimately, he either wants attention or is merely attempting to distract us from the prize with various perversions... and/or attempts at shock value.

[BlindMayorBitcorn]

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Explanation

This is a test of the Blockstream emergency broadcast system. Had this been an actual blockchain emergeny you would be instructed to visit your nearest Blockstream customer service client care specialist.

This is only a test.

[pleaseexplainagain]

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Explanation

I think the current $450 price might well be enough to act as a tipping point for the cautious to start buying and holding.

We have wanted people to buy regularly but to date the outcomes have been very choppy. Now bitcoin has been around long enough that the numbers show that it is a very good thing to do even with some choppiness.

Lets say you buy just 1 bitcoin a year on your birthday which is 30 November ( the date of the gox ath so the “worst’ date possible to buy).

below is the average price you will have paid for your bitcoins if you started in 2010, then 2011 etc, The number in brackets is the number of bitcoins you would have.

$315(6)
$378(5)
$472(4)
$626(3)
$376(2)
$376(1)

So:
starting in 2010, 2011, 2014 and 2015 your av bitcojn cost price is below the current price.
starting in 2012 you are roughly breaking even
starting in 2013 you are in a loss


if bitcoin stays $450+ for a few years then even with the very unlucky start date in 2013 you might come out ok.

the lesson here it seems to me is that historically buying bitcoin has been a good  investment aside from the other benefits that bitcoin offers.

[ChartBuddy]

Coin



Explanation

[JayJuanGee]

Coin



Explanation

I think the current $450 price might well be enough to act as a tipping point for the cautious to start buying and holding.

We have wanted people to buy regularly but to date the outcomes have been very choppy. Now bitcoin has been around long enough that the numbers show that it is a very good thing to do even with some choppiness.

Lets say you buy just 1 bitcoin a year on your birthday which is 30 November ( the date of the gox ath so the “worst’ date possible to buy).

below is the average price you will have paid for your bitcoins if you started in 2010, then 2011 etc, The number in brackets is the number of bitcoins you would have.

$315(6)
$378(5)
$472(4)
$626(3)
$376(2)
$376(1)

So:
starting in 2010, 2011, 2014 and 2015 your av bitcojn cost price is below the current price.
starting in 2012 you are roughly breaking even
starting in 2013 you are in a loss


if bitcoin stays $450+ for a few years then even with the very unlucky start date in 2013 you might come out ok.

the lesson here it seems to me is that historically buying bitcoin has been a good  investment aside from the other benefits that bitcoin offers.

I'm not sure if I understand your chart exactly,

but I do know one thing, the world has not been priced in bitcoin between 2010 and present.


Therefore, it would make more sense to price your birthday gift in some form of fiat.

For example, every b-day, November 30, you buy $365 in BTC ($1 for each day of the year, blah blah blah), then your average is going to come out much better, but the scenario would be much more realistic, in the way that I have outlined it..

[pleaseexplainagain]

Coin



Explanation

I think the current $450 price might well be enough to act as a tipping point for the cautious to start buying and holding.

We have wanted people to buy regularly but to date the outcomes have been very choppy. Now bitcoin has been around long enough that the numbers show that it is a very good thing to do even with some choppiness.

Lets say you buy just 1 bitcoin a year on your birthday which is 30 November ( the date of the gox ath so the “worst’ date possible to buy).

below is the average price you will have paid for your bitcoins if you started in 2010, then 2011 etc, The number in brackets is the number of bitcoins you would have.

$315(6)
$378(5)
$472(4)
$626(3)
$376(2)
$376(1)

So:
starting in 2010, 2011, 2014 and 2015 your av bitcojn cost price is below the current price.
starting in 2012 you are roughly breaking even
starting in 2013 you are in a loss


if bitcoin stays $450+ for a few years then even with the very unlucky start date in 2013 you might come out ok.

the lesson here it seems to me is that historically buying bitcoin has been a good  investment aside from the other benefits that bitcoin offers.

I'm not sure if I understand your chart exactly,

but I do know one thing, the world has not been priced in bitcoin between 2010 and present.


Therefore, it would make more sense to price your birthday gift in some form of fiat.

For example, every b-day, November 30, you buy $365 in BTC ($1 for each day of the year, blah blah blah), then your average is going to come out much better, but the scenario would be much more realistic, in the way that I have outlined it..

yes you are quite correct. you would come out much better off and your buying pattern in $ is more normal. However I did it this way to show even looking at it from a very bad angle (using bitcoins) the outcome is fine. That should convince even the doomsayers to get out and buy and we need both the optimists and pessimists to be buyers.

[Mrpumperitis]

im dumping some btc over the next few days...need to hedge a bit incase btc does go down.  Not dumping for fiat...gonna buy a small basket of Alts.

[BlindMayorBitcorn]

im dumping some btc over the next few days...need to hedge a bit incase btc does go down.  Not dumping for fiat...gonna buy a small basket of Alts.

I understand there are some fine arbitrage opportunities over at Cryptsy. Why not give it a try.

[Cconvert2G36]

im dumping some btc over the next few days...need to hedge a bit incase btc does go down.  Not dumping for fiat...gonna buy a small basket of Alts.

Maybe it should have been "the last few days". She's coiling again, gentlemen.

[BlindMayorBitcorn]

im dumping some btc over the next few days...need to hedge a bit incase btc does go down.  Not dumping for fiat...gonna buy a small basket of Alts.

Maybe it should have been "the last few days". She's coiling again, gentlemen.

Like a burmese python!