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

[ChartBuddy]

[MAbtc]

If you have some of your money in another currency and buy something with it, I don't think capital gains would be involved. This is a question for a lawyer but I can't imagine countries, banks, etc. who have their money in other currencies, must pay capital gains on things for purchases made.

I was under the understanding that taxes are paid when going from currency to currency (depending on country). Here in Germany you have no capital gains on BTC's held for over one year.

IAS

buying a house, especially if its a second house... you'll get tax... you can try to pay with bitcoin at never declare it... idk i wouldn't...

You are looking at is as if BTC was an investment. I'm saying you are just holding another currency.
If you go to another country and exchange thousands in that currency and then come home and that currency's value increases, do you pay a capital gains tax on it? I can't imagine that happening.

Now, if you see BTC as a stock, that might be another matter. But, it is a currency.

I don't doubt there can be legal implications, I'm just saying I think it is way too early to speak with any certainty here.

IAS

In the US it is called foreign currency gains and is taxable (alternatively, barter gains). If bitcoin is seen as a functional currency, I read it as giving us a personal use exemption on gains less than $200 -- any transaction with gains higher than that is supposed to be reported. If bitcoin isn't seen as a currency, no exemption. Too lazy to look up and cite but pretty sure this is the case.

[ChartBuddy]

[derpinheimer]

For those wondering where the 136 wall went, chartbuddy IS your friend.

Looks like this is the end of this particular whale's cash. Unless he knew something, and we are going to rocket up in these coming days... its time to go back down. No one is buying at these prices, all cashing out. Bid depth? None.

Hope I'm wrong, still holding on to my $146 coins.

[Walsoraj]

herp, derp aderp, herp ddddeerrp derpaherp, derp?

thanks in advance

[ChartBuddy]

[JimboToronto]

herp, derp aderp, herp ddddeerrp derpaherp, derp?

Thank you for sharing your innermost thoughts with us.

[JimboToronto]

Based on the number of triangles in the last month I've wondered if the whales artificially control the creation of triangles using methods like what you are describing. Create the triangle and then punch through it causing a surge of others to join in and help push things up as they follow. I've ponded this before during others times in the market.

Absolutely. These whales understand TA and surely realize that manipulating it is as important as manipulating the actual price. Manipulating bots is especially important. Humans might smell something fishy but bots will adhere to what they've been programmed to do.

[giszmo]

herp, derp aderp, herp ddddeerrp derpaherp, derp?

Thank you for sharing your innermost thoughts with us.

Thank *you* for pulling it out of Ignore-land.

[ChartBuddy]

[ChartBuddy]

[ChartBuddy]

[ChartBuddy]

[Zangelbert Bingledack]

and how would you know? do you live in japan?

Yeah, check my posting history.

[ChartBuddy]

[ChartBuddy]

[ChartBuddy]

[gandhibt]

For those wondering where the 136 wall went, chartbuddy IS your friend.

Looks like this is the end of this particular whale's cash. Unless he knew something, and we are going to rocket up in these coming days... its time to go back down. No one is buying at these prices, all cashing out. Bid depth? None.

Hope I'm wrong, still holding on to my $146 coins.

After next whale buy there'll be lots of buying. But not in gox, but in bitstamp. New money flows in from there.

[Wekkel]

1 hour indicators have cooled. Whale may step in between now and a day.

[ChartBuddy]