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Question: Which price is bitcoin going to reach first? (credits to Jay)
$25K - 55 (35.5%)
$50K - 100 (64.5%)
Total Voters: 155

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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 25371696 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. (157 posts by 13 users deleted.)
HairyMaclairy
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March 04, 2018, 10:11:45 AM

How on earth are you traders not documenting every trade and every satoshi in real time? What if the exchange fails on a trade? Or goes bust?
How do you objectively analyse your business strategies?

And the only way to pay as little tax as you dare is to start with this accurate record. Then you can finesse in some losses, being-scammeds, misjudgments, expansion programmes, capital expenditures.
If you need.


You leave your home exchange with X btc.  You re-enter your home exchange with X + Y btc.  You don’t really need to know much more than that to know you are making money.  

Measuring tax is much harder as I am supposed to reconcile BTC gains to USD gains to my local currency gains.  Even harder when you use LTC to transit between exchanges.  A single trade on Bitgrail took 3 positioning trades and then 3 trades to unwind.   Fortunately I got out with all my coins. 
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pfrtlpfmpf
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March 04, 2018, 10:33:38 AM


Oh, do i have to give my merits out to somebody, or what ? How does that work ?
Sorry, i´m a bit slow.
I just don´t understand the meaning of "merit" !  Smiley

hamza987
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March 04, 2018, 10:36:07 AM
Merited by pfrtlpfmpf (2)


Oh, do i have to give my merits out to somebody, or what ? How does that work ?
Sorry, i´m a bit slow.
I just don´t understand the meaning of "merit" !  Smiley


Merit meaning is everything is going fairly. I need some points as well but it's not necessary i guess.

JayJuanGee
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ESG, KYC & AML are attack vectors on bitcoin


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March 04, 2018, 10:50:23 AM

Trying to do tax planning. I have thousands of trades across a dozen exchanges in different countries in all sorts of alts.  I am really struggling to figure it out so good fucking luck to the tax authority.  It would take a CPA 3 months.   I’m just going to have to make a best efforts estimate.  Half the exchanges don’t even export trade records in .csv.  Plus miner fees and dust lost in web wallets etc.  Total mess.  

Just a general question: why would someone make thousands of trades per year?
IMHO, it is self defeating in eventuality.
Personally, when I over trade, it a signal that I am about to lose a lot of money (for me).
In happened in 2000-2001 just before I had losses in 2002.
One year i had about a thou trades. It took me about three weeks to figure it all out on Turbotax.
Some trades looked really stupid when I looked at the totality of it all.
After that-no more of that nonsense.


It is fairly easy to average 3 trades per day, which is more than 1,000 trades per year, especially if you are doing trades of less than 3% price changes, which happens frequently, and with trading fees of .2% or .4% two ways (and sometimes less), you can have profitable trades that are based on mere 1% price changes.  

Furthermore, you can have BTC trades on several platforms which cause it more likely that some of them trigger and also play around with arbitrage opportunities between different cryptos and between exchanges, which also happen on a regular basis.  

Forget about the arbitrage, between coins, you can have a lot of arbitrage opportunities coming from one exchange to another, just assuming trading the USD/BTC pair, and all of these opportunities lead to possibilities that you could have a lot of trades filling, and frequently - adding up to 1,000 or at least a couple thousand trades per year... and all profitable, too - depending upon how you trade, but it is possible to set them up to all be profitable..
Karartma1
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March 04, 2018, 10:52:54 AM

Fuck this rally up to $11.5k USD.

MOAR PHILOSOPHICAL DISCUSSIONS PLEASE !
Small minds discuss Merits; average minds discuss Altcoins; great minds discuss Bitcoin.

I think the quote was kind of like that  Grin
pfrtlpfmpf
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March 04, 2018, 10:57:40 AM

Trying to do tax planning. I have thousands of trades across a dozen exchanges in different countries in all sorts of alts.  I am really struggling to figure it out so good fucking luck to the tax authority.  It would take a CPA 3 months.   I’m just going to have to make a best efforts estimate.  Half the exchanges don’t even export trade records in .csv.  Plus miner fees and dust lost in web wallets etc.  Total mess.  

Just a general question: why would someone make thousands of trades per year?
IMHO, it is self defeating in eventuality.
Personally, when I over trade, it a signal that I am about to lose a lot of money (for me).
In happened in 2000-2001 just before I had losses in 2002.
One year i had about a thou trades. It took me about three weeks to figure it all out on Turbotax.
Some trades looked really stupid when I looked at the totality of it all.
After that-no more of that nonsense.


It is fairly easy to average 3 trades per day, which is more than 1,000 trades per year, especially if you are doing trades of less than 3% price changes, which happens frequently, and with trading fees of .2% or .4% two ways (and sometimes less), you can have profitable trades that are based on mere 1% price changes.  

Furthermore, you can have BTC trades on several platforms which cause it more likely that some of them trigger and also play around with arbitrage opportunities between different cryptos and between exchanges, which also happen on a regular basis.  

Forget about the arbitrage, between coins, you can have a lot of arbitrage opportunities coming from one exchange to another, just assuming trading the USD/BTC pair, and all of these opportunities lead to possibilities that you could have a lot of trades filling, and frequently - adding up to 1,000 or at least a couple thousand trades per year... and all profitable, too - depending upon how you trade, but it is possible to set them up to all be profitable..


I have hundreds and hundreds trades per day, by lending, nobody could ever document that .

york780
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March 04, 2018, 11:18:11 AM

Everyone survived the bearmarket?
pfrtlpfmpf
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March 04, 2018, 11:19:44 AM


Oh, do i have to give my merits out to somebody, or what ? How does that work ?
Sorry, i´m a bit slow.
I just don´t understand the meaning of "merit" !  Smiley


Merit meaning is everything is going fairly. I need some points as well but it's not necessary i guess.



I gave you one merit, did you get it ?
I still have no idea, what "merits" are for, let alone "smerits"  Smiley
Rosewater Foundation
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March 04, 2018, 11:25:55 AM

Everyone survived the bearmarket?
I died a little inside. You?
El duderino_
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March 04, 2018, 11:27:04 AM


Oh, do i have to give my merits out to somebody, or what ? How does that work ?
Sorry, i´m a bit slow.
I just don´t understand the meaning of "merit" !  Smiley


Merit meaning is everything is going fairly. I need some points as well but it's not necessary i guess.



I gave you one merit, did you get it ?
I still have no idea, what "merits" are for  Smiley

Yeah but i only When you recieve 2merit iT convert into 1 Smerit
For most its like the Smerit dry up very quickly and difficult for the most of us to send them out whats kind of pitty....
El duderino_
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March 04, 2018, 11:29:17 AM

Everyone survived the bearmarket?
I died a little inside. You?

Fairly i was really not stressed out or anything only i was Just on holiday and @ holiday times its more Nice to see all in green zone for Btc ;-)
pfrtlpfmpf
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March 04, 2018, 11:37:12 AM


Oh, do i have to give my merits out to somebody, or what ? How does that work ?
Sorry, i´m a bit slow.
I just don´t understand the meaning of "merit" !  Smiley


Merit meaning is everything is going fairly. I need some points as well but it's not necessary i guess.



I gave you one merit, did you get it ?
I still have no idea, what "merits" are for  Smiley

Yeah but i only When you recieve 2merit iT convert into 1 Smerit
For most its like the Smerit dry up very quickly and difficult for the most of us to send them out whats kind of pitty....

Whoot ?
You´re kidding me ! I really want to understand, but this is no way! Can i throw a round, merits for all of you ? I mean, you´re worth it anyway, fine people here !

El duderino_
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March 04, 2018, 11:42:13 AM
Merited by pfrtlpfmpf (2)


Oh, do i have to give my merits out to somebody, or what ? How does that work ?
Sorry, i´m a bit slow.
I just don´t understand the meaning of "merit" !  Smiley


Merit meaning is everything is going fairly. I need some points as well but it's not necessary i guess.



I gave you one merit, did you get it ?
I still have no idea, what "merits" are for  Smiley

Yeah but i only When you recieve 2merit iT convert into 1 Smerit
For most its like the Smerit dry up very quickly and difficult for the most of us to send them out whats kind of pitty....

Whoot ?
You´re kidding me ! I really want to understand, but this is no way! Can i through a round, merits for all of you ? I mean, you´re worth it anyway, fine people here !



For sure Just +merit and Add how Many or what you want .....
pfrtlpfmpf
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March 04, 2018, 12:00:20 PM
Merited by Globb0 (2)


Oh, do i have to give my merits out to somebody, or what ? How does that work ?
Sorry, i´m a bit slow.
I just don´t understand the meaning of "merit" !  Smiley


Merit meaning is everything is going fairly. I need some points as well but it's not necessary i guess.



I gave you one merit, did you get it ?
I still have no idea, what "merits" are for  Smiley

Yeah but i only When you recieve 2merit iT convert into 1 Smerit
For most its like the Smerit dry up very quickly and difficult for the most of us to send them out whats kind of pitty....

Whoot ?
You´re kidding me ! I really want to understand, but this is no way! Can i through a round, merits for all of you ? I mean, you´re worth it anyway, fine people here !



For sure Just +merit and Add how Many or what you want .....


Gave you one, because you´re on the right side.
How many do i have, before i run out of them? Damn, life is full of important questions . . .

Globb0
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March 04, 2018, 12:08:37 PM

You can see the remaining merit left to give on the screen where you give people merit.

Click the +Merit to see what I mean

"sendable merit"

Ibian
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March 04, 2018, 12:16:54 PM

Why are we talking about likes like it was some kind of goddamn science  Undecided
pfrtlpfmpf
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March 04, 2018, 12:21:20 PM
Last edit: March 04, 2018, 12:42:43 PM by pfrtlpfmpf

You can see the remaining merit left to give on the screen where you give people merit.

Click the +Merit to see what I mean

"sendable merit"



I have 19 sMerits, or something. Guess i cuddle them in my sleep. Sounds not to much, but i´ll take what i can get. Whoa, i should be a little conservative in giving out merits  Smiley

Why does a chicken have to cross the road, right before me ?  Because it would miss out, later to be determined.

bitserve
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March 04, 2018, 12:25:13 PM

Why are we talking about likes like it was some kind of goddamn science  Undecided

That's the beauty of artificial scarcity... Yep, it does even apply to "likes" it seems.
pfrtlpfmpf
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March 04, 2018, 12:38:05 PM
Last edit: March 04, 2018, 01:31:35 PM by pfrtlpfmpf
Merited by Dunkelheit667 (1)

Why are we talking about likes like it was some kind of goddamn science  Undecided

I`ll tell you the truth. I never gave a "like" to anybody in my life, i´m a smartphone, facebook, twitter agnostic. A dying species.
I wouldn´t know how to give a "like", even if i wanted to, that´s why i´m puzzled with merits.
Bear with me !  Smiley

But i understand crypto, and that´s what counts !


Icygreen
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March 04, 2018, 01:54:17 PM

Reality is: bitcointalk was getting more popular but shittier posts were filling page after page. The merit system was to encourage posters to have "merit-able" posts and contribute more to the community.  For now its just hot air with no incentive beyond leveling up like in a video game.  If you've got something good to say or have some entertainment value, yeah, we will read it.   

I say we tokenize merits with some real world value. That would get the ball rolling in here. Steemit? Or since we're a BTC community, maybe we could open a channel on the LN network and issue xxx Satoshi's instead of WOsMerits?  I'm sure we could get donations for such a cause.
I'm actually surprised this doesn't already exist here.  Anyone talented at drafting proposals?
 
 
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