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

[Ibian]

Figured I'd check out the new Kraken.  Still can't log in!  Shocker  .  I mean, hey, haven't been able to get in for over a year, why would it work now, after a full page of reset passwords?  What a shit show.  Ticket submitted.  Let's see if I get a response before March.  Not that it matters.  Last ticket response was singularly unhelpful and untimely.  I just want to know how much of my money they have.  Is that so much to ask?

Maybe you are doing something wrong.

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[HairyMaclairy]

Wee green candle

[mymenace]

Blockstream and segwit owned by bilderberg group


Bitcoin cash helping


Central Bank - SDR coin
https://www.acchain.org/en/

All assets on blockchain




Bank fees
https://rba.gov.au/publications/bulletin/2017/jun/pdf/bu-0617-4-banking-fees-in-australia.pdf

Bank changes
http://www.news.com.au/finance/money/its-banking-but-not-as-we-know-it-the-big-changes-coming-in-2018/news-story/190cb8f36243fd17b015749f40e75d10

New Payments Platform - built by swift (All 50 banks in australia signed up - amazing) centralized by the Central Bank with FSS
http://www.nppa.com.au/wp-content/uploads/2018/01/NPP_Technical-Introduction_January2018.pdf

FSS Fast Settlement Service
http://www.rba.gov.au/rits/info/pdf/Overview_of_Functionality.pdf
15. FAST SETTLEMENT SERVICE (FSS)
Page 97

Centralized blockchain on steroids


Now apply the fees above to what they will save on transactions with the FSS

You lose again

[d_eddie]

Is that a double morningstar on the daily chart?  Uber-bullish sign.  Hodl on!

If nothing else, terms like that is why nobody takes chartstrology seriously.

Does "double" mean "two small central candles"?

Chartstrology, indeed. I notice a couple doujis 18-24 days ago. Both inconsequential, right?
(Correct me if I'm wrong, really. This far I worked it out by reading. The next, I just made up.)

In case I worked it out right, how could an expert explain this small failure of TA? Prolly sumthin like the 8/13 Fibonacci in the second house... oops, wave, eh?  

EDIT Oops sorry guys. Only after I replied did I read xhomerx10 reveal he made it up first.
Chapeau.

[TERA2]

Why do we need a different coin for each investment fund in each industry? We already have bitcoin/etc which is already capable of doing this. Cant we just build a kickstarter app on top of bitcoin?

[Ibian]

Is that a double morningstar on the daily chart?  Uber-bullish sign.  Hodl on!

If nothing else, terms like that is why nobody takes chartstrology seriously.

Does "double" mean "two small central candles"?

Chartstrology, indeed. I notice a couple doujis 18-24 days ago. Both inconsequential, right?
(Correct me if I'm wrong, really. This far I worked it out by reading. The next, I just made up.)

In case I worked it out right, how could an expert explain this small failure of TA? Prolly sumthin like the 8/13 Fibonacci in the second house... oops, wave, eh?  

EDIT Oops sorry guys. Only after I replied did I read xhomerx10 reveal he made it up first.
Chapeau.

Yeah but you never really know, do you? I mean, there are "legit" quote unquote terms like the ichimoku cloud, which just makes me think of indians getting high in shrooms.

[bones261]

Ugh, I just did my taxes on TurboTax and can't bring myself to hit the send button.   This sucks. Should I just suck it up, sell 0.2BTC and transfer to my bank and be done with it? I despise giving the US government any more money.

[Ibian]

Why do we need a different coin for each investment fund in each industry? We already have bitcoin/etc which is already capable of doing this. Cant we just build a kickstarter app on top of bitcoin?

WE NEED SPARTAN COIN. TO DEFEND AGAINST THE BANKING CARTEL. WE NEED IT NOW.

[DPoS2]

Ugh, I just did my taxes on TurboTax and can't bring myself to hit the send button.   This sucks. Should I just suck it up, sell 0.2BTC and transfer to my bank and be done with it? I despise giving the US government any more money.

Why?  Did TurboTax peek into your wallet file?

[Rosewater Foundation]

sell body > sell btc

Dig it.

[yefi]

lulz. YOU'D BE BANANAS NOT TO GO FOR THIS !!!

I better start hoarding real-life bananas, as the price will explode now.

Droves will complain that their favourite fruit has become unaffordable. Tough shit I say, eat plantains!

[Rosewater Foundation]

The Droves: I'd to sell my body for a banana coins, but transaction fees are too high.
Plantains: WTF is wrong with y'all? Just use Plaintain coins!
The Droves: Why are banana coins keep cost more??

[bones261]

Ugh, I just did my taxes on TurboTax and can't bring myself to hit the send button.   This sucks. Should I just suck it up, sell 0.2BTC and transfer to my bank and be done with it? I despise giving the US government any more money.

Why?  Did TurboTax peek into your wallet file?

I input the data into Turbotax to see the damage if I decide to be on the up and up. Also, I have used Coinbase to transfer funds directly to my bank. The only reason that I am considering reporting my capital gains, is the IRS is relentless. I could try to be sly about this whole thing, but if the IRS catches a whiff of this without me even trying to report something, I'm sure they will bend me over with no lube. I'm sure they will find ways to turn the 2 grand to a whole lot more. I really don't want them to garnish, levy and attach the shirt off my back. Furthermore, they could pursue me criminally as well. It may be a pittance, but you never know when the US federal government wants to pick you to be made an example of.

[Bloomie]

Ugh, I just did my taxes on TurboTax and can't bring myself to hit the send button.   This sucks. Should I just suck it up, sell 0.2BTC and transfer to my bank and be done with it? I despise giving the US government any more money.

Why?  Did TurboTax peek into your wallet file?

I input the data into Turbotax to see the damage if I decide to be on the up and up. Also, I have used Coinbase to transfer funds directly to my bank. The only reason that I am considering reporting my capital gains, is the IRS is relentless. I could try to be sly about this whole thing, but if the IRS catches a whiff of this without me even trying to report something, I'm sure they will bend me over with no lube. I'm sure they will find ways to turn the 2 grand to a whole lot more. I really don't want them to garnish, levy and attach the shirt off my back. Furthermore, they could pursue me criminally as well. It may be a pittance, but you never know when the US federal government wants to pick you to be made an example of.

Gotta pay those taxes bro, sorry.

[yefi]

There's going to be a massive divide in society between the impoverished plantainians and the wealthy bananites. Cities will crumble before it is over.

[bones261]

I suppose that I could redo the Schedule d and do LIFO instead of FIFO, and save. However, from what I have read so far from surfing the net is that LIFO is not recommended. Should I stick with the FIFO?

[TERA2]

How exactly do you guys deal with taxes if youve made 1000 trades this year and each trade has dozens of people who traded against your trade and you have complex interactions between altcoins and different exchanges. Do you just kind of estimate how much profit you made based on your account balances? That worked for me in 2013-2016 and I've never been audited but I was once audited for a $1500 Health Savings Account  I didnt report...

[bitserve]

How exactly do you guys deal with taxes if youve made 1000 trades this year and each trade has dozens of people who traded against your trade and you have complex interactions between altcoins and different exchanges. Do you just kind of estimate how much profit you made based on your account balances? That worked for me in 2013-2016 and I've never been audited but I was once audited for a $1500 Health Savings Account  I didnt report...

https://bitcoin.tax/

It supports the report format of most major exchanges.

[Dabs]

I can't count, nor did I document, the tens of thousands of trades I personally did, or the hundred thousand trades some of my bots did, or the million rolls of dice I did (do those count as losses?).

I did use a bunch of different accounts on different exchanges, some of them went Gox and BTC-e ... the others are doing fine. I managed to get some of them verified for liquidity purposes, so I can move more crypto.

But then again, I'm not a US citizen ... I pay my regular taxes from my regular job, that is, when I used to have one. I might get a new gig as a "blockchain consultant" ... that'll be treated differently.

[bitserve]

I can't count, nor did I document, the tens of thousands of trades I personally did, or the hundred thousand trades some of my bots did, or the million rolls of dice I did (do those count as losses?).

I did use a bunch of different accounts on different exchanges, some of them went Gox and BTC-e ... the others are doing fine. I managed to get some of them verified for liquidity purposes, so I can move more crypto.

But then again, I'm not a US citizen ... I pay my regular taxes from my regular job, that is, when I used to have one. I might get a new gig as a "blockchain consultant" ... that'll be treated differently.

You dont need to keep track... the exchanges do for you and give you a nice detailed report of every single trade in csv.

For exchanges that doesnt exist anymore... well, they should believe your word if what you report is consistent. Problem would be if they were able to obtain the reports and it didnt match yours.

The most important thing is that EVERY bank transfer is perfectly matched in whatever you report. Of course in a proper audit that would be nowhere good enough if they were to obtain contradictory data from the exchanges.