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

[mike4001]

well that was completely fucked.

is it over?

This is not the Christmas present I wanted :-/

Then again ... We are still up 50% from 30 days ago ...

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[alexeft]

well that was completely fucked.

is it over?

No. It goes like this:

- Bitcoin is too high, let's dump and kill it!
- It went down, but didn't die, let's buy some.
- New ATH, several times higher than the previous one.
- Go to step one.

 

The whole thing looks like a dead cat bounce, only inversed, shall we call it an "alive cat jump that grows bigger and becomes a tiger"! 

[Wekkel]

The only regret I have is not having fiat available to buy more.

Transferring value over the Internet is not going away. Quite to the contrary.

If you cannot stand Bitcoin ‘correcting’, turn off your PC and login tomorrow again.

[yonton]

Who the fuck orchestrates these dumps. It can only happen with many large holders working together.

[Searing]

the question I have is this

mine LTC....pay my income tax on this...say 25% of what was mined....sell on coinbase....and pay (if less than a year) 40% capital gains tax

but

If I mine LTC and pay income tax on this ...again 25% but xfer the LTC to BTC I am hit with another 40% capital gains because in 2018 it is gonna act like cash

and no like kind?

or did I miss something

(if above is correct now I know why BTC and cypto's are crashing)

in USA

[BlindMayorBitcorn]

The only regret I have is not having fiat available to buy more.

Transferring value over the Internet is not going away. Quite to the contrary.

If you cannot stand Bitcoin ‘correcting’, turn off your PC and login tomorrow again.

Breaks my heart...

Logging off.

[orpington]

The only regret I have is not having fiat available to buy more.

Transferring value over the Internet is not going away. Quite to the contrary.

If you cannot stand Bitcoin ‘correcting’, turn off your PC and login tomorrow again.

Just when I thought it was safe to buy that lambo... shit...

[TERA2]

Is bitfinex the new gox?

[yonton]

the question I have is this

mine LTC....pay my income tax on this...say 25% of what was mined....sell on coinbase....and pay (if less than a year) 40% capital gains tax

but

If I mine LTC and pay income tax on this ...again 25% but xfer the LTC to BTC I am hit with another 40% capital gains because in 2018 it is gonna act like cash

and no like kind?

or did I miss something

(if above is correct now I know why BTC and cypto's are crashing)

in USA

Few people pay tax from there bitcoin holdings. And no it doesn't work that way either.

[CristiTCM]

I hope Lightning Network will be implemented in bitcoin. Then the price will skyrocket   . What do you guys think?

[orpington]

nothing wrong with a good thrashing once in a while right?

[luckygenough56]

am calling bottom and we pump, we'll see

[jojo69]

nope

1 more

[yonton]

The dump we had in the summer dropped from 3k to 1.8k. So this is similar in percentage.

[ViciousWarlock29]

I think the light network is really needed right now. Or bitcoin will fall and will be back to start. Investors are rushing in right now.

[Asrael999]

Is bitfinex the new gox?

You're better than that kind of comment Tera , you targeting 6k or 3k to get back in ?

[orpington]

I've officially stopped giving a shit - so now I agree must be the bottom now

[BTC_ISTANBUL]

Correction are healthy .We must give people oppurtunity to buy.

[yonton]

I bet jimbo is at the BTC ATM machine in his pajamas right now loading up on bitcoin lol

[BTC_ISTANBUL]

What I hope is there will be strong up trend before new year.It is like stockmarkets people want to end year with profit.We will wait and see.