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

[sirazimuth]

you know why I like smart bankers? because they don't give a fuck how it's written as long as it's true. not like little worms that hide behind grammar nazi ideology... remember the prophet of islam (pbu) never wrote a single word, didn't slow the expansion... but I guess a little worm like you can't grasp that... your english teacher won the battle and made you a good little scrib slave... ready to write good tablets for pharaos... fu.

did I just press your hissy-fit button there dude?

[olseh]

Fraud Craig Wright's nchain withdrew funding for liar Peter R's Gigablock project ironically for him telling the truth for once.
Meanwhile scammer Roger Ver sold a bcashlol atm to Zimbabwe, preying on the poor and ignorant.

Looks like Roger is doing "Good business" again... . 

Hey, somebody has to think of the children...

[B1tUnl0ck3r]

Fraud Craig Wright's nchain withdrew funding for liar Peter R's Gigablock project ironically for him telling the truth for once.
Meanwhile scammer Roger Ver sold a bcashlol atm to Zimbabwe, preying on the poor and ignorant.

Looks like Roger is doing "Good business" again... . 

Hey, somebody has to think of the children...

rest assured, bill clinton and his buddy jeffrey epstein always do... I am curious how and why the so called secret service allowed it? they got second rape turn?

[gembitz]

Fraud Craig Wright's nchain withdrew funding for liar Peter R's Gigablock project ironically for him telling the truth for once.
Meanwhile scammer Roger Ver sold a bcashlol atm to Zimbabwe, preying on the poor and ignorant.

Nigerian BeeCash meetups when? :-D lol

[jojo69]

Man i had to log in just to put you on ignore. The idiot gauge is just pegging with you

I think that guy made my list the first day he was here

[Last of the V8s]

fortune fuds
https://fortuneinsider.com/opinion/bitcoin-your-address-accepts-all-deposits-you-are-at-risk-for-scams/

[BTCMILLIONAIRE]

fortune fuds
https://fortuneinsider.com/opinion/bitcoin-your-address-accepts-all-deposits-you-are-at-risk-for-scams/

I guess it's not possible to just simply return the transaction if it would indeed cause any unwanted trouble.

[Last of the V8s]

fortune fuds
https://fortuneinsider.com/opinion/bitcoin-your-address-accepts-all-deposits-you-are-at-risk-for-scams/

I guess it's not possible to just simply return the transaction if it would indeed cause any unwanted trouble.

This is the kind of terrorist intellectualisation that will earn you the orange BTC armband.

[TERA2]

Sub 6 is still highly likely. Its just a matter of if we're distracted by this huge multi-month bulltrap first like in 2014.

[bones261]

fortune fuds
https://fortuneinsider.com/opinion/bitcoin-your-address-accepts-all-deposits-you-are-at-risk-for-scams/

I guess it's not possible to just simply return the transaction if it would indeed cause any unwanted trouble.

At least if someone knows my public key with BTC, people can only send me coins. I will happily keep them. However, if I gave someone my bank account number and routing number, they can move funds in and out of my bank account.(Saving grace is that the transaction would be reversible. But what a nightmare if I didn't catch it in time and some of my legit transactions bounce.)

[HI-TEC99]

Sub 6 is still highly likely. Its just a matter of if we're distracted by this huge multi-month bulltrap first like in 2014.

I doubt it would have crashed at this time of the year in 2014 if China hadn't banned Bitcoin for the first time.

The first time it made waves, but they banned it too many tines now for anyone to give a shit.

[TERA2]

Sub 6 is still highly likely. Its just a matter of if we're distracted by this huge multi-month bulltrap first like in 2014.

I doubt it would have crashed at this time of the year in 2014 if China hadn't banned Bitcoin for the first time.

The first time it made waves, but they banned it too many tines now for anyone to give a shit.

The first China Ban was in late 2013. What does todays action have to do with China?

[BTCMILLIONAIRE]

fortune fuds
https://fortuneinsider.com/opinion/bitcoin-your-address-accepts-all-deposits-you-are-at-risk-for-scams/

I guess it's not possible to just simply return the transaction if it would indeed cause any unwanted trouble.

At least if someone knows my public key with BTC, people can only send me coins. I will happily keep them. However, if I gave someone my bank account number and routing number, they can move funds in and out of my bank account.(Saving grace is that the transaction would be reversible. But what a nightmare if I didn't catch it in time and some of my legit transactions bounce.)

Who would be liable for tax payments on such a transaction (given that it was above the "gifting" limits)? And who would be required to report it? The recipient or the sender?

[HI-TEC99]

Sub 6 is still highly likely. Its just a matter of if we're distracted by this huge multi-month bulltrap first like in 2014.

I doubt it would have crashed at this time of the year in 2014 if China hadn't banned Bitcoin for the first time.

The first time it made waves, but they banned it too many tines now for anyone to give a shit.

The first China Ban was in late 2013. What does todays action have to do with China?

China banned its banks from handling transactions involving Bitcoin in 2013, but it didn't entirely ban Bitcoin.

There was a rumor China would entirely ban all Bitcoin transactions by 15th April 2014. That crashed the price about this time of year back in 2014. Without that "ban" I doubt the price would have crashed around Easter. Just because the price crashed in Easter 2014 doesn't mean it will crash in Easter 2018.

These quotes are from 2014.

https://www.coindesk.com/chinas-central-bank-governor-pboc-wont-ban-bitcoin/

The price of bitcoin recovered from a low of roughly $380 and rose past $420 at press time on 11th April, on the news that Zhou Xiaochuan, the governor of the People's Bank of China (PBOC), had issued new statements potentially clarifying the central bank's position on bitcoin.

According to reports, during Boao Forum, Xiaochuan offered his opinion on the nascent technology, saying that China would not seek to ban bitcoin and other digital currencies entirely.

https://www.coindesk.com/bitcoin-price-declines-following-false-report-chinas-bitcoin-ban/

A false report published on a financial news feed run by Chinese microblogging site Sina Weibo was responsible for the sharp decline in bitcoin prices across China's biggest exchanges today (21st March).

At 10:22 am GMT, Sina's financial live feed issued a now-retracted news report indicating that China's central bank, the People's Bank of China (PBOC), would move to halt all bitcoin transactions in the country effective 15th April.

[HairyMaclairy]

fortune fuds
https://fortuneinsider.com/opinion/bitcoin-your-address-accepts-all-deposits-you-are-at-risk-for-scams/

I guess it's not possible to just simply return the transaction if it would indeed cause any unwanted trouble.

At least if someone knows my public key with BTC, people can only send me coins. I will happily keep them. However, if I gave someone my bank account number and routing number, they can move funds in and out of my bank account.(Saving grace is that the transaction would be reversible. But what a nightmare if I didn't catch it in time and some of my legit transactions bounce.)

Who would be liable for tax payments on such a transaction (given that it was above the "gifting" limits)? And who would be required to report it? The recipient or the sender?

Unless there is some funky US tax law I am not aware of, the recipient pays nothing because receipt of property is not income (bitcoin is property not money).   I’m not so sure about the sender.

[bones261]

fortune fuds
https://fortuneinsider.com/opinion/bitcoin-your-address-accepts-all-deposits-you-are-at-risk-for-scams/

I guess it's not possible to just simply return the transaction if it would indeed cause any unwanted trouble.

At least if someone knows my public key with BTC, people can only send me coins. I will happily keep them. However, if I gave someone my bank account number and routing number, they can move funds in and out of my bank account.(Saving grace is that the transaction would be reversible. But what a nightmare if I didn't catch it in time and some of my legit transactions bounce.)

Who would be liable for tax payments on such a transaction (given that it was above the "gifting" limits)? And who would be required to report it? The recipient or the sender?

Unless there is some funky US tax law I am not aware of, the recipient pays nothing because receipt of property is not income (bitcoin is property not money).   I’m not so sure about the sender.

The sender has to pay if the transfer value exceeds 14000 per year to an individual. However, if in the event, the sender doesn't pay, then the IRS looks to the recipient to pay.

[HairyMaclairy]

The sender has to pay if the transfer value exceeds 14000 per year to an individual. However, if in the event, the sender doesn't pay, then the IRS looks to the recipient to pay.

Can you explain this ?  Taxes for property are payable on a taxable event. Normally receipt of property is not a taxable event.

The person disposing of the property has a taxable event for fair market value of the property at the time of disposal.  But that has nothing to do with the recipient.  

Edit:   Did some digging and I see you have gift tax in the US.  It seems to be tied up with your communist inheritance taxes. 

[vapourminer]

The sender has to pay if the transfer value exceeds 14000 per year to an individual. However, if in the event, the sender doesn't pay, then the IRS looks to the recipient to pay.

Can you explain this ?  Taxes for property are payable on a taxable event. Normally receipt of property is not a taxable event.

The person disposing of the property has a taxable event for fair market value of the property at the time of disposal.  But that has nothing to do with the recipient. 

wouldnt a taxable event only happen when the btc is sold/traded? if so just never spend it. xfer that unwanted btc to a separate wallet/address and never touch it again.

have to use a wallet with coin control or something to get it right maybe.

[bones261]

The sender has to pay if the transfer value exceeds 14000 per year to an individual. However, if in the event, the sender doesn't pay, then the IRS looks to the recipient to pay.

Can you explain this ?  Taxes for property are payable on a taxable event. Normally receipt of property is not a taxable event.

The person disposing of the property has a taxable event for fair market value of the property at the time of disposal.  But that has nothing to do with the recipient.  

According to this, it appears no gift tax is owed until the donor gives away in excess of 5.49 million dollars in their life time. (Excluding the 14000 per year exemption per recipient.)
https://blog.taxact.com/gift-tax-do-i-have-to-pay-gift-tax-when-someone-gives-me-money/
It appears the IRS can go after the recipient if the donor doesn't pay. But this is clearly very rich people problems.
What scammer is going to send me 100s of BTC to try and fleece me for my very small stash for this to be a real problem? Clearly they would be a fool.

[B1tUnl0ck3r]

The sender has to pay if the transfer value exceeds 14000 per year to an individual. However, if in the event, the sender doesn't pay, then the IRS looks to the recipient to pay.

Can you explain this ?  Taxes for property are payable on a taxable event. Normally receipt of property is not a taxable event.

The person disposing of the property has a taxable event for fair market value of the property at the time of disposal.  But that has nothing to do with the recipient. 

According to this, it appears no gift tax is owed until the donor gives away in excess of 5.49 million dollars in their life time. (Excluding the 14000 per year exemption per recipient.)
https://blog.taxact.com/gift-tax-do-i-have-to-pay-gift-tax-when-someone-gives-me-money/
It appears the IRS can go after the recipient if the donor doesn't pay. But this is clearly very rich people problems.

frankly if you are conservative, loris lerner will come after you... better have a great accountant... ukraine and many other nations doesn't give a fuck about bitcoin... no all nation are under the slave plantation system backed by rapes... .