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

[Last of the V8s]

taxes

yayaya
10 WO demerits
i mean xclnt post and all but sometimes

[Lontonbit]

Ath shorts = squeeze = pump this weekend

[mindrust]

Anyone who thought BCash was just free money? Well, guess what, taxes. Every fork claimed in 2017 is taxable income, whether you sold it or not. If it was worth more than $1000, you need to pay taxes in the quarter you claimed it. Otherwise, guess what? Even more penalties and interest owed on top of your taxes.

How can IRS know that you have profits when you sold fork coins if they didn't know you have bitcoins in the first place? And why do people let IRS to know that they have in Bitcoins before the first place? I still want to go deeper. Why do people use coinbase to buy their stuff instead of using anonymous sources?

If you are able to trigger IRS by converting your alts to bitcoin, you are doing it completely wrong imho.

[Last of the V8s]

legacy markets capitulating. sad

[Lontonbit]

Gotta be honest, folks. Threatening to test the 6 month low is really depressing

No freaking idea what is happening with Bitcorn. Absolutely no clue.

Flummoxed.

We will fall together, holding come hell or high water.

[RejectedBanana]

Anyone who thought BCash was just free money? Well, guess what, taxes. Every fork claimed in 2017 is taxable income, whether you sold it or not. If it was worth more than $1000, you need to pay taxes in the quarter you claimed it. Otherwise, guess what? Even more penalties and interest owed on top of your taxes.

How can IRS know that you have profits when you sold fork coins if they didn't know you have bitcoins in the first place? And why do people let IRS to know that they have Bitcoins before the first place? I still want to go deeper. Why do people use coinbase to buy their stuff instead of using anonymous sources?

If you are able to trigger IRS by converting your alts to bitcoin, you are doing it completely wrong imho.

The IRS relies on self reporting for the most part. But large fiat withdrawals and deposits will likely get reported to IRS, triggering a possible audit.

There is no statute of limitations for false returns, evasion, or failing to file. If you knowingly do not report and the IRS happens to get smarter in the future with regard to crypto (remember, the Blockchain is immutable), then you're just postponing the pain and fear and penalty.

The penalties are not simply civil. We're talking criminal prosecution, prison time and asset seizure, depending on the scale.

So pay your taxes, people. Bitcoin was not born in a vacuum; society contributed and taxes benefit society, like it or not.

[El duderino_]

Maybe Soros would pump the price back to 20k

Go Soros  

Would be nice to see this train move.  i dont care who pumps but pleeeeeeeeaaaassssseeeee!




PUMP IT!



PUMP IT!

Gotta give you my last Smerit for Just sharing the Rollercoaster GIF

[Globb0]

Mother, mother
There's too many of you crying
Brother, brother, brother
There's far too many of you dying
You know we've got to find a way
To bring some lovin' here today

Father, father
We don't need to escalate
You see, war is not the answer
For only love can conquer hate
You know we've got to find a way
To bring some lovin' here today

[RejectedBanana]

Bitcorn price Q1:



Bitcoin price Q2+:

[yonton]

Short squeeze

[bitcoinPsycho]

I've had enough of this... the bottom is in . we can only go up from here. the inevertability chart has spoken

also

[yonton]

Its a ghost town here, you guys are scaring me

[yonton]

Its a ghost town here, you guys are scaring me

Too depressing to post right now.

The last 8 hours have been SO FUCKING BORING OMG

Well, I've closed my short if that makes you feel better I'm back in bitcoin where I will stay now.

[jojo69]

taxes benefit society, like it or not.

which society would that be?

[nikauforest]

Its a ghost town here, you guys are scaring me

Too depressing to post right now.

The last 8 hours have been SO FUCKING BORING OMG

Well, I've closed my short if that makes you feel better I'm back in bitcoin where I will stay now.

Downside won't last forever. Cheap coins coming if have extra fiat.

[bitcoinPsycho]

taxes benefit society, like it or not.

img]https://i2.wp.com/i-hls.com/wp-content/uploads/2015/01/MQ-9-Reaper-armed-UAV.jpg?w=640&ssl=1[/img]

which society would that be?

Switzerland ?

[infofront]

[gembitz]

Its a ghost town here, you guys are scaring me

Too depressing to post right now.

The last 8 hours have been SO FUCKING BORING OMG

Well, I've closed my short if that makes you feel better I'm back in bitcoin where I will stay now.

Downside won't last forever. Cheap coins coming if have extra fiat.

pawn shops i hope they are open @ ~ $3500 :-D lel

[yonton]

Its a ghost town here, you guys are scaring me

Too depressing to post right now.

The last 8 hours have been SO FUCKING BORING OMG

Well, I've closed my short if that makes you feel better I'm back in bitcoin where I will stay now.

Downside won't last forever. Cheap coins coming if have extra fiat.

pawn shops i hope they are open @ ~ $3500 :-D lel

Don't get caught holding the fiat bag hoping for that pipedream

[Last of the V8s]

Maybe we should try turning it off and turning it on again?