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

[Torque]

Kodak, wow just wow, 400% in two days - not bad for a company that destroyed itself by ignoring digital photos.

Here's a script for any ailing company:

1. Start pushing an internal cryptocoin or blockchain integration agenda
2. Quietly buy up company stock shares for 6 months
3. Publically announce said crypto agenda, even it is complete vaporware
4. Watch shares of stock get pumped jump 400-500% overnight
5. Profit !

Holy insider trading, I nailed it!

https://www.marketwatch.com/story/kodak-stock-pulls-back-directors-disclose-acquisitions-prior-to-blockchain-rally-2018-01-11

"On Jan. 8, the day before Kodak’s crypto announcement, no fewer than seven directors acquired derivative securities convertible to common stock, according to Form 4 filings with the Securities and Exchange Commission.

The securities are restricted stock units, or RSUs, which were granted under Kodak’s “2013 Omnibus Incentive Plan” (OIP) and vest on Jan. 8, 2019, except as otherwise provided in the award notice, and subject to continuous service as a member of the board of directors, according to the filings. Even with the timely acquisition, there’s no guarantee the RSU’s will be profitable when they are vested.

Some board members also sold derivative securities, convertible to common shares, on Jan. 9, the day the “blockchain” news was reported.

Kodak said the timing of the insider activity was a “coincidence.”

Jail time for Bonzo?

[pawel7777]

Where can I short Kodak with leverage (UK based)? Honest question.

Plus500 and Etoro don't have Kodak stocks

[Enjel]

I feel a change of mood in the marketplace. Don't know why, but I feel it there.

I honestly thought the last few days were over for crypto in the short term - that we would have a 50% or more price plummet, and would not recover anywhere near previous trading levels for a long time.

[pawel7777]

I feel a change of mood in the marketplace. Don't know why, but I feel it there.

I honestly thought the last few days were over for crypto in the short term - that we would have a 50% or more price plummet, and would not recover anywhere near previous trading levels for a long time.

Negative sentiment is a good thing for the price though. It roughly indicates that price reached the bottom and will go up when sentiment changes.

[bitcoinPsycho]

http://www.news.com.au/finance/business/retail/kfc-canada-launches-bitcoin-bucket/news-story/eca93b5f013b4e96f0e4e8204d21a18e

we need this in the uk

[Deeyoh]

Yay, another day of pumping and dumping crap coins.

[Torque]

It still boggles my mind that Bitcoin moves up and down a few hundred dollars when it's drifting sideways.

Two years ago, a few hundred dollar move + or - would be like 50-60% of Bitcoin's price.  

[pfrtlpfmpf]

Guys, i´m afraid i´m jinxing it. Sorry.

I admit, i don´t want bitcoin to go over 20000, because every time bitcoin rises remarkably, media (TV) awakes, and i see more and more countries wanting to ban exchanges and all that. We are a threat to their FIAT-system.
What do we do then ?

The other thing is: i´m not afraid to pay taxes, but how could i possibly explain the thousands of transactions, i made ? For example, i´m constantly lending (funding) some at Finex, thats thousands of transactions. Its not the money, that worries me, it´s the process to cash out.

It really is a nightmare, coming to your door soon !

And don´t tell me we´re here for the ideology, we´re here for the dosh, which still, at least for now, reigns the world.

If you are in Europe, you don't have to worry, you only pay tax when you exit to fiat. If you are in north America you can cash out in the Canadian ATM's.
I'm in it for both the ideology and the cash. If crypto for some reason crashes totally, I'll still mine my Bgold and bide my time. That would actually give the community time to develop a more mature environment with working P to P exchanges, good scaling capability, and everything else we need to be untouchable by governments.

Ok, ok, you only pay tax, when you exit to fiat, but on what, and how ?
I´m playing this game since years and, more importantly, from MULTIPLE countries !

Bought in one country, after thousand transactions cashed out in another, and want to spend it in yet another country !
It slowly is getting complicated. It´s a mess.

I guess, i´ll just go on, until they say: waaay to complicated, get outta here  

[bitserve]

Guys, i´m afraid i´m jinxing it. Sorry.

I admit, i don´t want bitcoin to go over 20000, because every time bitcoin rises remarkably, media (TV) awakes, and i see more and more countries wanting to ban exchanges and all that. We are a threat to their FIAT-system.
What do we do then ?

The other thing is: i´m not afraid to pay taxes, but how could i possibly explain the thousands of transactions, i made ? For example, i´m constantly lending (funding) some at Finex, thats thousands of transactions. Its not the money, that worries me, it´s the process to cash out.

It really is a nightmare, coming to your door soon !

And don´t tell me we´re here for the ideology, we´re here for the dosh, which still, at least for now, reigns the world.

If you are in Europe, you don't have to worry, you only pay tax when you exit to fiat. If you are in north America you can cash out in the Canadian ATM's.
I'm in it for both the ideology and the cash. If crypto for some reason crashes totally, I'll still mine my Bgold and bide my time. That would actually give the community time to develop a more mature environment with working P to P exchanges, good scaling capability, and everything else we need to be untouchable by governments.

Ok, ok, you only pay tax, when you exit to fiat, but on what, and how ?
I´m playing this game since years and, more importantly, from MULTIPLE countries !

Bought in one country, after thousand transactions cashed out in another, and want to spend it in yet another country !
It slowly is getting complicated. It´s a mess.

I guess, i´ll just go on, until they say: waay too complicated, get outta here  

No, it's not complicated. You act is if it were just because you don't want to pay what you owe

It doesn't matter where country you did buy, sell, traded or whatever, you should know what's the country where you have to pay taxes to, which is usually the one you spend the most of your time (there are variants here).

It doesn't matter if you exit to fiat or to another "asset" (currency, comodity, whatever) every exchange from Bitcoin to anything else is a taxable event that needs to be calculated of fair market value of the resulting acquisition.

It doesn't matter if there are millions of taxable events. You are supossed to keep track of each and every one and preserve a report on it. You give them the totals and calculate the amount you owe them. If, for any reason, you were audited you hand them all the registers that support your claim (in excel).

If you are never audited everything is fine but if you are you might end owing them even much more than you currently have.

It sucks, but let's not pretend we don't know how it works.

P.S.: And of course you need to report yearly the profits you get from lending too and cross fingers they don't want to tax it as income instead of capital gains... same with trading.

[jojo69]

LOL

Kodak insider trading...Kraken IT STILL trying to unfuck their shit


all these fuckers make me look like an adult

[Torque]

LOL

Kodak insider trading...Kraken IT STILL trying to unfuck their shit


all these fuckers make me look like an adult

Don't forget Coinbase spamming the network. Bad actors be bad.

[pfrtlpfmpf]

Guys, i´m afraid i´m jinxing it. Sorry.

I admit, i don´t want bitcoin to go over 20000, because every time bitcoin rises remarkably, media (TV) awakes, and i see more and more countries wanting to ban exchanges and all that. We are a threat to their FIAT-system.
What do we do then ?

The other thing is: i´m not afraid to pay taxes, but how could i possibly explain the thousands of transactions, i made ? For example, i´m constantly lending (funding) some at Finex, thats thousands of transactions. Its not the money, that worries me, it´s the process to cash out.

It really is a nightmare, coming to your door soon !

And don´t tell me we´re here for the ideology, we´re here for the dosh, which still, at least for now, reigns the world.

If you are in Europe, you don't have to worry, you only pay tax when you exit to fiat. If you are in north America you can cash out in the Canadian ATM's.
I'm in it for both the ideology and the cash. If crypto for some reason crashes totally, I'll still mine my Bgold and bide my time. That would actually give the community time to develop a more mature environment with working P to P exchanges, good scaling capability, and everything else we need to be untouchable by governments.

Ok, ok, you only pay tax, when you exit to fiat, but on what, and how ?
I´m playing this game since years and, more importantly, from MULTIPLE countries !

Bought in one country, after thousand transactions cashed out in another, and want to spend it in yet another country !
It slowly is getting complicated. It´s a mess.

I guess, i´ll just go on, until they say: waay too complicated, get outta here  

No, it's not complicated. You act is if it were just because you don't want to pay what you owe

It doesn't matter where country you did buy, sell, traded or whatever, you should know what's the country where you have to pay taxes to, which is usually the one you spend the most of your time (there are variants here).

It doesn't matter if you exit to fiat or to another "asset" (currency, comodity, whatever) every exchange from Bitcoin to anything else is a taxable event that needs to be calculated of fair market value of the resulting acquisition.

It doesn't matter if there are millions of taxable events. You are supossed to keep track of each and every one and preserve a report on it. You give them the totals and calculate the amount you owe them. If, for any reason, you were audited you hand them all the registers that support your claim (in excel).

If you are never audited everything is fine but if you are you might end owing them even much more than you currently have.

It sucks, but let's not pretend we don't know how it works.

P.S.: And of course you need to report yearly the profits you get from lending too and cross fingers they don't want to tax it as income instead of capital gains... same with trading.

Thanks for your reply, i still don´t know how to keep track of thousands transactions, ok Excell, but i have to take a five week holiday for that ! And i would know better things to do then. But thanks, you gave me ways to think about. Thank you, you help people !

[UnDerDoG81]

Bitcoin is under heavy attack from German (jew) Media. I smell fear.

[JimboToronto]

A sunny good morning from Playa del Carmen good people of Bitcoinland. Actually it's a little overcast but after last week's brutal cold snap in Toronto, I'll live with it. Playing the tourist for a couple of days before heading out into the jungle.

Didn't have a chance to check in here yesterday but we obviously didn't suffer as badly as we could have from the S. Korea exchange crackdown news. Double-bottomed out around $12.8k and seems to be consolidating around $14k... currently $13890USD/$17375CAD (Bitcoinaverage).

Old coins are now worth $16745USD/$20947CAD (Coinmarketcap).

Last January it was China "banning Bitcoin". This January it's S. Korea. We all know how last year played out. Let's see what happens this year.

[Voodah]

[...] Bankers own the majority of ETH IPO [...]

I don't wanna feed the trolls, but I'm wondering, how true is this statement?

[Flamaicon]

Just FUD's.
Dont worry.
Bitcoin and all Cryptos wil pump like always.
Too many money are waiting to join this market.
2018 will be better than 2017 $$
Dont forget the good news...tokyo, Singapore and N.Y. futures will add like Chicago futures.
All world Exchanges have a lot of new registers... there are too many new money, too many.

[julian071]

In Germany you have to pay taxes as soon as you sell your coins and also have profits > 600€, it doesn't matter if you get fiat, another coin or bananas for it.
So it's not only exit to fiat.

Damned ... your where first +1 ... in germany you pay tax for all things that looks like money or has any value. we as the tax masters of the world. 80% of the books about taxes are about the german tax system.

But one exception, if you hold your cryptos more than a year, you can sold it without pay any taxes. But if you sell this earlier, you have to pay with your own income tax rate. When you earn more than 66.000 Euro a year (in a job or from other things), you have to pay 48% on every cent you earn from selling cryptos.

48%  

F that shit.

What stops one to "temporarily" emigrate to the UK and only pay 20% capital gains tax when selling?

Like I said, you should move to Holland. No capital gains tax whatsoever, you only pay 1.2% over the amount you have at the 1st of january of the year you have to pay taxes on. This is because it is considered 'property' (vermogen) and you have to pay 40% over a fictional rate of gains that is fixed at 3%. So 1.2%. Over the worth of your stash at the very beginning of the year. Harrrrrr!

[jojo69]

when the fuck is Bittrex going to get off their ass and unfreeze signups?

[FractalUniverse]

when the fuck is Bittrex going to get off their ass and unfreeze signups?

give them some time, they are busy adding new shitctokens

 (i never heard of these, before they added them: BAT, ZRX, FUN, MANA, SPANK & TNB)

[fabiorem]

Bitcoin is under heavy attack from German (jew) Media. I smell fear.

Just bears playing Beethoven.

Nothing to worry about.