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

[flynn]

I'd rather pay 200K for a Vanuatuan passport and a 1-way ticket.

Yeah, well, I ain't gonna fight the IRS on what they are due. That's just a bad time right there and too much stress.

I'm a proud, patriotic American Citizen.

Fuck you.

It's less stressful, possibly overpaying on quarterly taxes, than needing to stress about the prospect of a FUCKING MASSIVE bill due on April 15th of you didn't play by the rules.

Trust me. Having to deal with a FUCKING MASSIVE payment on April 15th is much more painful than making "very healthy" payments, quarterly, to the IRS.

It drives my partner crazy - that I round up to the nearest quarter-thousand when it comes to paying taxes - but I've been on the other side of owing FUCKING MASSIVE back taxes, and that's not something I ever want to deal with again in my lifetime.

I can feel your pain.

[Syke]

your state/local taxes on top of that

It's getting to the point I need to consider moving to a state with lower taxes.

[gentlemand]

Why do you Americans put up with these state differences anyway? The idea of moving up the road and having to change your driving licence and pay hideous amounts more tax seems very silly.

Shape up over there.

[xyzzy099]

Why do you Americans put up with these state differences anyway? The idea of moving up the road and having to change your driving licence and pay hideous amounts more tax seems very silly.

Shape up over there.

Are there not similar differences in laws between the states that make up the European Union?  The US is a federation of states, not a single monolithic state.

[SaintFlow]

Silly Americans, here in Germany we at least have no Speed Limit on Autobahn for the hands of taxman in our pockets. We pay all in all easily more than 55% or income to the taxman.

Bitcoin really surprised me this year. Mempool really surprised me this year. Fucking Chainsplits should never have happend. But now that they did I wish they happend years ago already.

Honestly though. Something deep down tells me bitcoin has seen its moral peek long ago and is moving now on dead weight momentum of a really fucked up global economic system. Its like a zombie-steem-train on acid that will reach the moon.

If life goes multi-planetary and I have little doubt it will Blockchains have two Options: either seperate chains per Planet or waiting times between blocks longer than radio communication. Let DAG be good for thought.

Happy new year 2018. For sure to keep my Bitcoin.

[gentlemand]

Are there not similar differences in laws between the states that make up the European Union?  The US is a federation of states, not a single monolithic state.

Yes, but it's not a country (yet) and you might get your botty slapped if you did intimate that. If you're in one country then there'll be small regional variations but no need to restart your entire documentation and tax regime if you move a few hundred miles away.

[xyzzy099]

Are there not similar differences in laws between the states that make up the European Union?  The US is a federation of states, not a single monolithic state.

Yes, but it's not a country (yet) and you might get your botty slapped if you did intimate that. If you're in one country then there'll be small regional variations but no need to restart your entire documentation and tax regime if you move a few hundred miles away.

'Country' is precisely synonymous with 'state' in this context.  The US is a federation of states, and the EU is more of a confederation of states.  The confusion exists because some people in the US would prefer to have a single monolithic state, and tend to act like it is such - but that is not the government described by our constitution.

[Torque]

By the way, in case anyone is wondering what to do in 2018.

Hodl. <drops mic>

[conspirosphere.tk]

I'd rather pay 200K for a Vanuatuan passport and a 1-way ticket.

Yeah, well, I ain't gonna fight the IRS on what they are due. That's just a bad time right there and too much stress.

I'm a proud, patriotic American Citizen.

Fuck you.

I was just trying to help man. Maybe you would not need even to expatriate if you move to Puerto Rico or something to pay nothing legitimately.
But sorry if I can't even conceive of peeps who find patriotic to be assraped all the time by Uncle Scam.

[STT]

Breaking 24777$ prediction game      FINAL LIST        

Thanks for running that, is the objective prize for pure kudos basically.    Can i get a gold star :p for an earlier post I speculated 19984 was the top for 2017.  not that I know of course, nobody ever does just on balance of probability and following Fibonacci previous volume, etc and then the news event of Xmas and how that eye of the storm effect means lower interest for that fairly global event or at least for stocks it always has influence.

If stock type movements are again relatable for Jan start then its a kind of rollercoaster start I think, both up and down more sharp gradient possible before we find an eventual direction moving mid Jan to Feb and onto the rest of the year.  Hence my idea of March cycle for 24k though I dont have that number ringed especially.

People always compare BTC to gold when its nothing like the same asset class, I'd say its stocks more as again a stock is inverse to the depreciation of dollar and fear of interest rates, retraction in money supply etc.

kinda off topic

but anyone have an idea on what kind of transaction fee I'd get hit on for a $1,634.00 BTC transaction?

thanks....trying to guess

Not sure if your question is serious, because the fee has nothing to do with the amount you're sending.

It all depends on the number of inputs and outputs, and of course the current mempool situation, and speed you expect.

Most people are lost on the workings of BTC and how to predict important factors like Fees.
I swear this user experience is so important to the ongoing viability for crypto overall, Im bullish on technology which enables the user not just theoretical achievements just being helpful and predictable is a massive bonus.   I agree with the recent posts by the ETH founder and others who state people have lost their way thinking of price, ironic thing to say on price thread but predicting price is looking at the more important factors  then speculators.  Im more bullish when people watch where they walk then staring at the sky

[jeffryluna]

I could have sworn I saw a "Who sold at the bottom?" post a little while ago!
Who sold at the bottom?

BobLawblaw said that, I swear.

Nuked the post after a couple minutes for fear of jinxing things !

What?!

I didn't want to jinx things ! Honest !!

pay taxes on crypto you are going to the birdcage n00b lol happy new yeerzzz<<<

That's a lot of Tax money, salute for being very transparent about it. Imagine if everyone is, how much money would go to build the wall greater than china's hahaha


My partner and I are writing a check to the IRS for a bit north of $350K, for the January 15th quarterly deadline.

LTC and BCH to fiat activity.

Taxation is theft.

Sheeeit.

 That is a very large tax bill.  I wonder what sort of mayhem and destruction the US gov't will get up to with all that money.

[Neo_Coin]

[the artful bodger]

My partner and I are writing a check to the IRS for a bit north of $350K, for the January 15th quarterly deadline.

LTC and BCH to fiat activity.

Taxation is theft.

Sheeeit.

 That is a very large tax bill.  I wonder what sort of mayhem and destruction the US gov't will get up to with all that money.

Same here on the taxes, and probably a larger one next year.

Remember if in the USA, you'll get hit with the gains tax 20%+, the NIIT tax (Obamacare) 3.8% on top of that, your state/local taxes on top of that, and you'll probably have to pay a lot more and loose all your deductions as you'll pay AMT taxes instead of regular.

UG!!!!!

I'd rather pay 200K for a Vanuatuan passport and a 1-way ticket.

I think you mean buy a Vanuatuan citizenship with 200K, yep cool

http://fortune.com/2017/10/10/vanuatu-accepts-bitcoin-for-citizenship/

Thanks

That's handy, no capital gain or income taxes for Vanuatuan citizens, and you don't even have to ever go there to get citizenship.

[Icygreen]

Happy new year from se Asia!  I saw it, the bottoms were perfect, no one saw it coming! They were grinding and spinning around a red pole just before the climb and subsequent wide spread (arbitration) . I said my goodbuys to the sub teen years. Now I gotta know, who bought those bottoms!

[Neo_Coin]

[flynn]

>$14000

Methink Bitcoin is wishing us a Happy New Year !

[xhomerx10]

Happy new year from se Asia!  I saw it, the bottoms were perfect! They were grinding and spinning around a red pole just before the climb and subsequent wide spread (arbitration) . I said my goodbuys to my sub teen years. Now I gotta know, who bought that bottom!

 Most I've ever paid for Bitcoin but I bought a bit a couple of days ago on the way down @ 13.6k not near the bottom but Kraken was really acting up and that's the only place I had fiat.  I should have reserved some fiat for the deeper move but I did not anticipate it.

[Deeyoh]

Total market cap at 616 Billion opps 617 now.  Not sure if I've seen it that high before.  I just sold some of my  trade stash since I think we are at a small peak.  Who knows, it'll probably sky rocket since I did that.

[Icygreen]

Happy new year from se Asia!  I saw it, the bottoms were perfect! They were grinding and spinning around a red pole just before the climb and subsequent wide spread (arbitration) . I said my goodbuys to my sub teen years. Now I gotta know, who bought that bottom!

 Most I've ever paid for Bitcoin but I bought a bit a couple of days ago on the way down @ 13.6k not near the bottom but Kraken was really acting up and that's the only place I had fiat.  I should have reserved some fiat for the deeper move but I did not anticipate it.

That's perfectly fine, that's a sweet bottom, I'll have to settle for the slightly more (robust) bottom.  Anyway they all look the same in hindsight. Almost.

[the artful bodger]

Is this bullshit or true? It can't be correct.

AztekPhoenix says that starting on Jan 1st, 2018 President Trumps new tax bill will force EU citizens to pay the US Gov tax for all trades on US exchanges. So any EU citizen trading on poloniex or bittrex is going to get taxed by the US Gov

The Tax bill signed into law by President Trump of the U.S.A.  a few days ago, redefines all like of kind exchanges only for real estate and excludes crypto.
http://fortune.com/2017/12/21/bitcoin-tax/


So starting on Jan 1st, 2018 anyone that trades on a US Exchange will be required to pay taxes on each crypto to crypto trade
for the tax year 2018 which is due by april 2019.

Does not matter if you are a US citizen or foreign citizen, if you trade on a US exchange you will owe the US Gov. Taxes on those trades.

This will probably kill all US exchanges , as anyone with any sense will move to oversea exchanges that don't require this over reaching tax increase.
If you are a US Citizen and you do all of your trading overseas, you don't owe the US Gov. anything until you reach $90,000 in trading profits.

Bittrex & Poloniex exchanges (Based in the U.S.A.) will most likely die within the year due to this tax change.