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

[kenzawak]

DPR2 (Dread Pirate Roberts 2 aka Thomas White), founder of Silk Road 2 has been sentenced to 5 years and 4 months in prison.
He pleaded guilty to drug trafficking, money laundering and possessing child abuse images.

https://www.theregister.co.uk/2019/04/12/silk_road_2/

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[kenzawak]

Ouch !

https://twitter.com/danheld/status/1117266223757058049

[Lambie Slayer]

A baby Bull, a slaughtered lamb, MOON, date of the start of the baby Bull market ..... all on one HAT?

Sounds like a pagan nativity scene to me

Im ok with Bitcoin morphing into a religion one day. It pretty much already is for me.

[infofront]

^
Unfortunately, nocoiners will have to be sacrificed from time to time to appease Satoshi.

[VB1001]

"1/ Bitcoin's 200-day and 200-week moving averages. So simple.

The former has the word on bull-bear dynamics; the latter seems to stand as one of the best bottom-catchers around."



"2/ Bitcoin's velocity (or 1/NVT).

A ratio of transaction volume and supply—or transaction value and network value—this is the on-chain analytics OG. Still one of the most effective tools to confirm the bull market."



"3/ Bitcoin's multiple non-linear regressions. See one of many examples below."

https://twitter.com/kenoshaking/status/1116881347249889280

Good Morning WO,s

[Lambie Slayer]

^
Unfortunately, nocoiners will have to be sacrificed from time to time to appease Satoshi.

Yes. "Paul Satoshi rises to leadership through military strategy and political maneuvering, but his superhuman powers and ability to fit himself into pre-existing religious infrastructure allow him to force himself upon mankind Bitcoiners as their messiah. As "Muad'Dib," Paul Satoshi becomes the central figure of a new religion,"

The Golden Path and great Jihad are the only way.

6k soon.

The Bitcoin must flow.

[Lambie Slayer]

Does anybody know if there are rules about switching between LIFO and FIFO?

my duckduckfu is failing me

I would be very surprised if you could switch in relation to the same asset. You might be able to apply different rules to different assets.

Edit:  this suggests using FIFO on a wallet by wallet basis.

https://bravenewcoin.com/insights/capital-gains-on-cryptocurrency-fifo-lifo-or-specific-identification

Depends. I use LIFO because as a miner and fixer of things I need to expense costs at the time I am getting the bitcoin. Therefore it makes absolutely no sense to use FIFO (it's operating capital not investments). Truth is you wind up paying the same amount in taxes anyway because as I withdraw more I go deeper into my "stack" into coins made at a high price, and at a lower price.

You just don't change mid-stream. I suppose if you get a new wallet and fill it with new coins you could switch for that wallet, but if you ever move coins from your LIFO wallet into the FIFO one you would have to record the LIFO profit/loss first then use today's price as the basis point for the new FIFO coins.

Either way you're fucked in the long run.

Worth noting that Ive read in multiple places that while the IRS mostly doesnt care which method you use, but they frown upon switching between methods each year and will sometimes force you do redo returns using the method you used in prior years, so best to pick one and stick with it across the board each year if you dont want to have to worry about spending time and or money amending your returns.

Also of note there is at least one other method called HIFO that you can choose from, and perhaps even more that I don't know about.

[Lambie Slayer]

Soon.

[VB1001]

 

[Lambie Slayer]

119 days into the new BTCaby BTCull Market and all is well. 
405 days till Halvening. 

Time flies when your having fun so thanks for the laughs Craig. 

[BTCMILLIONAIRE]

DPR2 (Dread Pirate Roberts 2 aka Thomas White), founder of Silk Road 2 has been sentenced to 5 years and 4 months in prison.
He pleaded guilty to drug trafficking, money laundering and possessing child abuse images.

https://www.theregister.co.uk/2019/04/12/silk_road_2/

So despite having done the same thing and being a pedophile DPR2 gets 5 years while Ross gets double lifetime? What a world.

[Olegya199]

The victory of the community!!!  The money to protect Hodlonaut from Faketoshi's lawyers is raised.  And much more than necessary.

[DaRude]

The victory of the community!!!  The money to protect Hodlonaut from Faketoshi's lawyers is raised.  And much more than necessary.

He's not even being sued yet, too soon, just gives publicity to that damn PR stunt. Now CSW can claim that due to feedback from cryptoverse and to be a nice guy he won't follow through with the suit. Kinda jumping through his hoops, he ends up getting publicity he craves without his idiotic lawsuit ever seeing the light of day. Maybe he isn't that dumb after all  

Am i the only one who actually wants to see him try to prove that he's Satoshi in court?

[LFC_Bitcoin]

The victory of the community!!!  The money to protect Hodlonaut from Faketoshi's lawyers is raised.  And much more than necessary.

He's not even being sued yet, too soon, just gives publicity to that damn PR stunt. Now CSW can claim that due to feedback from cryptoverse and to be a nice guy he won't follow through with the suit. Kinda jumping through his hoops, he ends up getting publicity he craves without his idiotic lawsuit ever seeing the light of day. Maybe he isn't that dumb after all  

Am i the only one who actually wants to see him try to prove that he's Satoshi in court?

I’d love to see him try & prove it. It would be a hilarious, shit show.

I don’t think, in-fact I’m pretty certain that there’s not a chance CW will ever go to court to prove he’s Satoshi. It’s all just part of his self obsessed, ego rubbing bull shit. The man is a parody of himself, it’s getting embarrassing.

[wachtwoord]

Well, he still remembers he's not right?

[VB1001]

https://imgur.com/kVF3kFu

Infographic

The Biggest Moments in Bitcoin History

The image a little long, but there are curious facts.

[El duderino_]

Found this on Bitcointalk... Seems pretty convincing to me

https://twitter.com/boogiecrypto/status/1117117111393050625?s=21

[Gyrsur]

Found this on Bitcointalk... Seems pretty convincing to me

https://twitter.com/boogiecrypto/status/1117117111393050625?s=21

great idea but unfortunately just fake news. no such post from him on 12/10/2010.

https://bitcointalk.org/index.php?action=profile;u=3;sa=showPosts;start=0

[chronicsky]

Found this on Bitcointalk... Seems pretty convincing to me

https://twitter.com/boogiecrypto/status/1117117111393050625?s=21

great idea but unfortunately just fake news. no such post from him on 12/10/2010.

https://bitcointalk.org/index.php?action=profile;u=3;sa=showPosts;start=0

He deleted it!!! 

"you dumbasses" 

[El duderino_]

^^
I do realize it was a Fun post