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Question: How would you classify yourself right now? (credit: VB1001)
Hodler - 111 (78.2%)
Trader - 11 (7.7%)
Bull - 10 (7%)
Weak Hands - 10 (7%)
Total Voters: 142

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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 21451884 times)
This is a self-moderated topic. If you do not want to be moderated by the person who started this topic, create a new topic. (135 posts by 29 users deleted.)
Dabs
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June 15, 2017, 05:34:57 PM

When the time comes to  spend some to buy something like property or fiat currency, the blockchain will serve as a record of when I acquired the coins so capital gains tax can be calculated and paid. Until then it's nobody's business except mine.

And you can get away with paying less capital gains tax, if the most recent paper wallet you are exchanging today is dated less than a week ago. I'll leave it to your imagination. You might even possibly register losses too, but that's unlikely since you wouldn't be buying fiat at that point.
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June 15, 2017, 05:41:22 PM

blitz? is that you??

still not believing the triple digit lie? Cheesy


I'd probably change my name too after the "no more triple digits in 2013" thing.
infofront
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June 15, 2017, 05:42:28 PM

There is some hope that a new PR by james hilliard allows the Segwit2X code to be compatible with  BIP148.
This may mean there is no fork in August at all.

PR is here
https://github.com/btc1/bitcoin/pull/21

An explanation of the effect is here:
https://www.reddit.com/r/Bitcoin/comments/6hdhw4/segwit2x_about_to_become_compatible_with_bip148/dixr59j/

This.
A pretty acceptable solution seems to have come out of nowhere.

The TLDR version of this proposal is: If >=80% of miners run the BTC1 segwit2x software, Segwit will be passed. 100% compatible with BIP 148, 141, etc. Block size increase will become the can kicked down the road.
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June 15, 2017, 05:44:36 PM

inside noob mind:
2300 i am thinking about selling all for now.
Deciding in the emotional moment what you wanna do is probably very bad.
I am worst trader/investor ever
Not the total worst. But i have a hard time sometimes deciding what i order in restaurant. Now decide sell all for now or not. 20 at 550.
There is few hope for me resolving this. Mostly i just hold.
---
sell: Bitcoin is a bit in danger with the scaling issue and possible hardfork, other coins are technologically better, etherum wants to be nr1, i'll just make a buy order at 2000 and make a 5k profit from that

hold: daily sentiment is bullshit, read that only 3% of 'investors' (yea, i know, would be useful to know what they meant by that) invested in a crypto, there was always a next bubble, next halving in 2020 could be 15k bubble or something cracy
---
If you're thinking about buying eth after you saw what happens if the (btc)bubble pops then you're not the worst trader ,you're an unlucky gambler
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June 15, 2017, 05:56:12 PM

Even with this large dump we are still up by 30% from a month ago.
It's all about perspective.
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June 15, 2017, 06:01:14 PM

When the time comes to  spend some to buy something like property or fiat currency, the blockchain will serve as a record of when I acquired the coins so capital gains tax can be calculated and paid. Until then it's nobody's business except mine.

And you can get away with paying less capital gains tax, if the most recent paper wallet you are exchanging today is dated less than a week ago. I'll leave it to your imagination. You might even possibly register losses too, but that's unlikely since you wouldn't be buying fiat at that point.

Indeed. This is one reason I keep my coins in many small wallets.

As I've stated in many times in the past, I have no intention of selling any coins except if absolutely necessary.  If an emergency were to occur during a dip and I needed to sell more than I could through an ATM for cash, at a price lower than the highest I'd paid, I'd definitely claim a loss.

JimboToronto
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June 15, 2017, 06:06:46 PM

inside noob mind:
...I am worst trader/investor ever...

Trading is not investing. It's gambling.

Holding is investing.

ARTISTCOLONY
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June 15, 2017, 06:14:46 PM

inside noob mind:
...I am worst trader/investor ever...

Trading is not investing. It's gambling.

Holding is investing.

http://i664.photobucket.com/albums/vv10/JimboToronto/10-years-warren-buffett_1.jpg

+1 bitcoin is like a fine wine*  Cool  ~cheers!!
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June 15, 2017, 06:15:06 PM

blitz? is that you??

still not believing the triple digit lie? Cheesy


I'd probably change my name too after the "no more triple digits in 2013" thing.

he was right though Cheesy he had no idea how right he was lol
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June 15, 2017, 06:31:08 PM

$600 ago Bitcoin was the future. I wonder what it is now. 

The future.
jbreher
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lose: unfind ... loose: untight


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June 15, 2017, 06:37:44 PM


Yes. Shortsighted people said the same about Travelocity accepting Bitcoin. That was several dozen billions of dollars of market cap ago.
European Central Bank
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June 15, 2017, 06:41:26 PM


Yes. Shortsighted people said the same about Travelocity accepting Bitcoin. That was several dozen billions of dollars of market cap ago.

what little merchant action there is is either neutral or positive. bitpay have said most of their coins go straight to otc buyers so they're probably leaving the open market forever.

i dunno what japan plans to do, but no one there is gonna spend it anyway.
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June 15, 2017, 06:42:38 PM

Bitcoin Q&A: Scaling is a moving target


https://www.youtube.com/watch?v=pT9kJq_Ogrk&feature=youtu.be
WhatsBitcoin
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June 15, 2017, 06:49:26 PM

Do you think this correction is done yet? It's still not as deep as the one from May 25-27. It would have to go below $2k do match that.
It is not just a correction. I take it you have missed the Bitmain announcement/threat? I do not want it to go any lower, at least not yet.

You're right. I was too busy yesterday to even check in. Today I woke up, saw the price and ran out to buy.

So it's hard fork panic part two? Jeezuz Murphy. I'm looking into it.

Sigh.

You really have no idea what's happening. Do you.
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June 15, 2017, 06:49:52 PM


Most importantly, it's fully anonymous. There are no banks, exchanges, governments or other corporations involved... just me and my paper wallets, some dude with a laptop or phone, cash and the blockchain.

Not to mention, the real reason that the banking industry is scared of bitcoin is that if it becomes popular as a form of the peoples' "savings", they won't get customers ongoing deposits to continue their massive fractional reserve scam... which they rely heavily on.

Absolutely. Almost anything is better than keeping your money in some bank.

Remember when "money in the bank" meant a sure thing? LOL

Ahh the good ol' days when everything made sense. I guess it's just a bit too much to ask a Bank to hold your money, you know kinda like what their initial purpose is.
European Central Bank
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June 15, 2017, 06:52:11 PM

You really have no idea what's happening. Do you.

if he looks at his gains, he probably has a good enough idea. not everyone is hammering f5 on reddit for all they're worth.
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June 15, 2017, 07:00:33 PM

And who decides if the PoW is valid?

"They vote with their CPU proof-of-worker, expressing their acceptance of valid blocks by working on extending them and rejecting invalid blocks by refusing to work on them. Any needed rules and incentives can be enforced with this consensus mechanism."
- S. Nakamoto, The Whitepaper
jbreher
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June 15, 2017, 07:16:26 PM

We want something that scales to ten to twenty to a hundred times more transactions while keeping the blockchain as small as possible (without pruning).

Yeah - and I want to retire a billionaire tomorrow. In the meantime, I'd be happy with several million.

There is no defensible reason for strangling Bitcoin's transaction capacity today.
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June 15, 2017, 07:27:34 PM

+1 bitcoin is like a fine wine*  Cool  ~cheers!!

That'd make a good T-Shirt Slogan
BlindMayorBitcorn
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June 15, 2017, 07:39:35 PM

$600 ago Bitcoin was the future. I wonder what it is now. 

The future.

You'll follow the BTU fork then?
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