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Question: How much of your corn do you plan on cashing out in the next massive bull run?
None - 27 (20.3%)
1-10% - 18 (13.5%)
11-20% - 15 (11.3%)
21-30% - 19 (14.3%)
31-40% - 7 (5.3%)
41-50% - 14 (10.5%)
51-60% - 9 (6.8%)
61-70% - 5 (3.8%)
71-80% - 4 (3%)
81-90% - 2 (1.5%)
91-99% - 3 (2.3%)
100% - 10 (7.5%)
Total Voters: 133

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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 21792006 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. (148 posts by 37 users deleted.)
birr
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December 31, 2018, 08:10:00 AM
Merited by Hueristic (1)

Breaking news:  bitcoin's not in a bear market.
Price is in the pocket.
We've never had a real bear market, as opposed to deflating bubbles.
Maybe if the price takes a dive below that red line, we'll have some food for thought.

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December 31, 2018, 08:10:55 AM

Is this article correct?

I would have thought that you could carry forward capital losses to offset against future capital gains without being subject to a $3000 cap.  

It depends on the country. There are limits on:

- How much you can compensate each year
- How many years do you have to compensate the remaining.
- Against what can be compensated and against what it can't.
- etc

And also requirements like:

- How many time it has to pass between the sell and the re-buy or you can't compensate anything.
- etc

It also changes if you are an individual person, a person acting as a business, or a corporate, etc...

etc etc...... #DYOR #AskYourLocalFinancialExpert

This post does not constitute financial advise blah blah blah
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December 31, 2018, 09:25:17 AM

Breaking news:  bitcoin's not in a bear market.
Price is in the pocket.
We've never had a real bear market, as opposed to deflating bubbles.
Maybe if the price takes a dive below that red line, we'll have some food for thought.



BTC is definitely in a Bear Market relative to its own adoption curve..

The terms Bear and Bull market are simply used to demarcate phases of price activity. In a Bear phase, price acts in a distinctly different way from a Bull phase.  You can name the market as you wish, but the phase of activity now is distinctly different from 2016-2017.

Looking at the full chart there, we can see that the upper trendline does not reach the a new all time high until 2020, and the lower trendline until late 2021.
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December 31, 2018, 09:48:06 AM

the upper trendline does not reach the a new all time high until 2020, and the lower trendline until late 2021.
If we stay in the channel, yes.  I would be fine with that, in fact I would prefer that to a continuation of the volatility we've experienced historically.
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December 31, 2018, 10:10:12 AM
Merited by JayJuanGee (1)

Proof of keys? I control my own keys thank you.

Trusted third parties? Isn't that an oxymoron?

I haven't had any coins on an exchange since MtGox. Luckily that mistake only cost me 50BTC. Never again.

Closest thing I have to a trusted third party is my Trezor which I somehow got talked into using against my better judgment. Luckily I only have 5BTC on it. I stopped using it last year after having it for less than half a year.

Obviously cold ("paper" wallet) storage is much more secure. Only I have control over the keys and they're never exposed to the internet except when I sweep a wallet into Mycelium to transfer coins and that's only small amounts for short periods of time.  

This is why it's good to spread your stash between dozens or hundreds of small wallets. My biggest single wallet has a little over 30 coins in it (from pulling out what I had at Cavirtex after being Goxed) but I'm almost scared to sweep it to split it into smaller wallets because that would entail risking that many coins at once by exposing them to the internet.

I suppose I should empty my Trezor on Genesis Block Day as a way to assert ownership of my keys instead of trusting Trezor. Then again why wait until Jan. 3?

Jimbo, rest assured. With a TREZOR, you control the keys. Your seed words are the keys. It's just a different form of storage. On paper, you are storing them using ink. With a TREZOR, they are just electrons in a FLASH memory chip. They are both stored locally. No one else but you has control over them. And TREZOR has the added bonus of protecting your keys in case it's stolen (can't easily read those electrons unless you have the PIN). If your paper wallet gets stolen, your coins are gone (they're just a QR code sweep away)...
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December 31, 2018, 10:27:29 AM

Proof of keys? I control my own keys thank you.

Trusted third parties? Isn't that an oxymoron?

I haven't had any coins on an exchange since MtGox. Luckily that mistake only cost me 50BTC. Never again.

Closest thing I have to a trusted third party is my Trezor which I somehow got talked into using against my better judgment. Luckily I only have 5BTC on it. I stopped using it last year after having it for less than half a year.

Obviously cold ("paper" wallet) storage is much more secure. Only I have control over the keys and they're never exposed to the internet except when I sweep a wallet into Mycelium to transfer coins and that's only small amounts for short periods of time.  

This is why it's good to spread your stash between dozens or hundreds of small wallets. My biggest single wallet has a little over 30 coins in it (from pulling out what I had at Cavirtex after being Goxed) but I'm almost scared to sweep it to split it into smaller wallets because that would entail risking that many coins at once by exposing them to the internet.

I suppose I should empty my Trezor on Genesis Block Day as a way to assert ownership of my keys instead of trusting Trezor. Then again why wait until Jan. 3?

Jimbo, rest assured. With a TREZOR, you control the keys. Your seed words are the keys. It's just a different form of storage. On paper, you are storing them using ink. With a TREZOR, they are just electrons in a FLASH memory chip. They are both stored locally. No one else but you has control over them. And TREZOR has the added bonus of protecting your keys in case it's stolen (can't easily read those electrons unless you have the PIN). If your paper wallet gets stolen, your coins are gone (they're just a QR code sweep away)...
Yes, if trezor is as secure as advertised. Do we know this?
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December 31, 2018, 10:32:47 AM
Merited by bitserve (1), HairyMaclairy (1), Toxic2040 (1), rolling (1)

Is this article correct?

I would have thought that you could carry forward capital losses to offset against future capital gains without being subject to a $3000 cap.  

It depends on the country. There are limits on:

- How much you can compensate each year
- How many years do you have to compensate the remaining.
- Against what can be compensated and against what it can't.
- etc

And also requirements like:

- How many time it has to pass between the sell and the re-buy or you can't compensate anything.
- etc

It also changes if you are an individual person, a person acting as a business, or a corporate, etc...

etc etc...... #DYOR #AskYourLocalFinancialExpert

This post does not constitute financial advise blah blah blah

In USA the 3000 cap is only on ordinary income(mainly of wages, salaries, commissions and interest income (as from bonds or cds). There is absolutely no cap or limit to how much you carry forward capital losses to offset capital gains and you can carry it forward for as long as you live. Loss harvesting is a huge part of the plunge to the end of the bear market we just witnessed. Large amounts of investors did take some profits in 2018 after the epic rise. These profits were capital gains and so they of course would owe taxes on them in 2019. Now its not hard to imagine tons of people taking a lot of profits like Boblaw and Jimbo early in 2018 and then later seeing prices much cheaper than where they sold out at. So at some point they buy some coins back cheaper than they sold, but still owe taxes come 2019. Now fast forward to the end of 2018 and these investors see the coins they bought back cheaper have lost substantial value, they understand that US wash sale rules do not apply to crypto https://cryptotaxprep.com/wash-sales-what-every-bitcoin-investor-should-know/ so it becomes very attractive for them to sell the coins at a loss with the intent to quickly repurchase them so they have the same amount of coins but a lower tax burden for 2019. However due to the economic substance doctrine https://en.wikipedia.org/wiki/Economic_substance in US tax law an investor should wait a day or two to repurchase the coins or the IRS can challenge it(disallow the loss) and say the transaction had no economic substance other than to lower their tax burden. If you wait a few days you have exposed yourself to market risk and are not violating the economic substance doctrine because your transaction had the intent of making profit in of itself and you took the risk of losing. So now imagine investors selling late in the year around 6k with the intent to buy back a few days or weeks later and this triggers a break in 6k support. Well now the tax loss harvesters are in no rush to buy back bc they can get way more coins than they started with bc coins have dropped massively so they sit back and let it play out. As it plummets you have people that bought in at 6k are reading the many msm articles about loss harvesting
 like this one https://www.forbes.com/sites/tysoncross/2018/11/19/year-end-tax-tips-and-strategies-for-cryptocurrency-investors/#5f87275a5dda and realize they too can harvest losses by selling at 5k, 4k, 3.5k etc, so they now sell fueling the fast cascade down. Then when it gets to around 3k the earliest tax loss harvesters say "well shit, lets not be too greedy here, I can get double the coins I had originally and save a ton on taxes." And that is how we find ourselves in a brand new bull market at the very end of loss harvesting season. Loss harvesters only have a handful of hours left to sell cheap and realize a loss. https://www.timeanddate.com/countdown/newyear

Happy New Years! Cheesy

Believe in The Bull and 100k will come. (or dont believe and short and it will come anyway and rekt you!)
The ancient philosopher Jesus spoke of the powerful drug Hopium and its benefits in his teachings.

Matthew 17:20 Jesus said unto them "Because you smoke so little Hopium. Truly I tell you, if you smoke enough Hopium as small as a mustard seed, you can say to this mountain, 'Move from here to there,' and it will move. Nothing will be impossible for you."

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December 31, 2018, 10:43:21 AM
Merited by JayJuanGee (1)

Proof of keys? I control my own keys thank you.

Trusted third parties? Isn't that an oxymoron?

I haven't had any coins on an exchange since MtGox. Luckily that mistake only cost me 50BTC. Never again.

Closest thing I have to a trusted third party is my Trezor which I somehow got talked into using against my better judgment. Luckily I only have 5BTC on it. I stopped using it last year after having it for less than half a year.

Obviously cold ("paper" wallet) storage is much more secure. Only I have control over the keys and they're never exposed to the internet except when I sweep a wallet into Mycelium to transfer coins and that's only small amounts for short periods of time.  

This is why it's good to spread your stash between dozens or hundreds of small wallets. My biggest single wallet has a little over 30 coins in it (from pulling out what I had at Cavirtex after being Goxed) but I'm almost scared to sweep it to split it into smaller wallets because that would entail risking that many coins at once by exposing them to the internet.

I suppose I should empty my Trezor on Genesis Block Day as a way to assert ownership of my keys instead of trusting Trezor. Then again why wait until Jan. 3?

Jimbo, rest assured. With a TREZOR, you control the keys. Your seed words are the keys. It's just a different form of storage. On paper, you are storing them using ink. With a TREZOR, they are just electrons in a FLASH memory chip. They are both stored locally. No one else but you has control over them. And TREZOR has the added bonus of protecting your keys in case it's stolen (can't easily read those electrons unless you have the PIN). If your paper wallet gets stolen, your coins are gone (they're just a QR code sweep away)...
Yes, if trezor is as secure as advertised. Do we know this?

This is how much we know: https://www.youtube.com/watch?v=Y1OBIGslgGM

Basically:
The seed and PIN (sic!) can be extracted from a Trezor device. Not simply, but it is doable.

But... If you put a passphrase on the seed, the hacker can do shit...
El duderino_
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December 31, 2018, 10:49:52 AM




aaaaaand why not?

#50K tonight Roll Eyes
AlcoHoDL
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December 31, 2018, 10:50:29 AM

Proof of keys? I control my own keys thank you.

Trusted third parties? Isn't that an oxymoron?

I haven't had any coins on an exchange since MtGox. Luckily that mistake only cost me 50BTC. Never again.

Closest thing I have to a trusted third party is my Trezor which I somehow got talked into using against my better judgment. Luckily I only have 5BTC on it. I stopped using it last year after having it for less than half a year.

Obviously cold ("paper" wallet) storage is much more secure. Only I have control over the keys and they're never exposed to the internet except when I sweep a wallet into Mycelium to transfer coins and that's only small amounts for short periods of time.  

This is why it's good to spread your stash between dozens or hundreds of small wallets. My biggest single wallet has a little over 30 coins in it (from pulling out what I had at Cavirtex after being Goxed) but I'm almost scared to sweep it to split it into smaller wallets because that would entail risking that many coins at once by exposing them to the internet.

I suppose I should empty my Trezor on Genesis Block Day as a way to assert ownership of my keys instead of trusting Trezor. Then again why wait until Jan. 3?

Jimbo, rest assured. With a TREZOR, you control the keys. Your seed words are the keys. It's just a different form of storage. On paper, you are storing them using ink. With a TREZOR, they are just electrons in a FLASH memory chip. They are both stored locally. No one else but you has control over them. And TREZOR has the added bonus of protecting your keys in case it's stolen (can't easily read those electrons unless you have the PIN). If your paper wallet gets stolen, your coins are gone (they're just a QR code sweep away)...
Yes, if trezor is as secure as advertised. Do we know this?

This is how much we know: https://www.youtube.com/watch?v=Y1OBIGslgGM

Basically:
The seed and PIN (sic!) can be extracted from a Trezor device. Not simply, but it is doable.

But... If you put a passphrase on the seed, the hacker can do shit...

So, which of the following is the easiest?

1. TREZOR: steal the device, then use the extraction method you refer to above to get the seed (and coins).
2. TREZOR: steal the device, then spend eternity trying to crack it (because it's passphrase-protected).
3. Paper Wallet: steal the wallet, then simply sweep the QR code to get the coins!

I'd go with a TREZOR...
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December 31, 2018, 10:55:38 AM

...
Yes, if trezor is as secure as advertised. Do we know this?

This is how much we know: https://www.youtube.com/watch?v=Y1OBIGslgGM

Basically:
The seed and PIN (sic!) can be extracted from a Trezor device. Not simply, but it is doable.

But... If you put a passphrase on the seed, the hacker can do shit...

So, which of the following is the easiest?

1. TREZOR: steal the device, then use the extraction method you refer to above to get the seed (and coins).
2. Paper Wallet: steal the wallet, then simply sweep the QR code to get the coins!

I'd go with a TREZOR...

Obviously stealing a paper wallet is simpler... Wink
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December 31, 2018, 10:58:11 AM

Good Poirot last few days



 Cheesy

El duderino_
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December 31, 2018, 10:59:00 AM

^^
stealing the paper or the device is the same just a very littke of weight difference
El duderino_
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December 31, 2018, 10:59:46 AM

Good Poirot last few days



 Cheesy


https://bitcointalk.org/index.php?topic=4710399.160

 Cheesy
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December 31, 2018, 11:01:19 AM

^^
stealing the paper or the device is the same just a very littke of weight difference

The difference is, if you steal my TREZOR, you ain't getting my coins... You need both my TREZOR and what's in my brain to get to my coins. But if you steal Jimbo's paper wallets, you already have his coins...
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December 31, 2018, 11:09:28 AM

^^
stealing the paper or the device is the same just a very littke of weight difference

The difference is, if you steal my TREZOR, you ain't getting my coins... You need both my TREZOR and what's in my brain to get to my coins. But if you steal Jimbo's paper wallets, you already have his coins...

IF you have a passphrase https://wiki.trezor.io/Passphrase set up on your Trezor, then your coins are safe if the device is stolen. Not to be confused with the PIN.

Not done simply, but it is possible...
El duderino_
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December 31, 2018, 11:10:33 AM

^^
stealing the paper or the device is the same just a very littke of weight difference

The difference is, if you steal my TREZOR, you ain't getting my coins... You need both my TREZOR and what's in my brain to get to my coins. But if you steal Jimbo's paper wallets, you already have his coins...

use nano s/blue myself same thing .....
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December 31, 2018, 11:11:05 AM

stop the red spike down @once !
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December 31, 2018, 11:11:05 AM

I will shrink down like tron and ride the main bus right into the processor to get your keys
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December 31, 2018, 11:14:17 AM
Merited by JayJuanGee (1), LFC_Bitcoin (1), infofront (1), Toxic2040 (1)

Happy new year guys!

I hope that 2019 brings:

-more happiness in your lives than 2018
-institutional investors to the bitcoin world (they'll eventually enter the crypto, but the question is, "will it happen in 2019?")

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