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

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[vapourminer]

I am not going to spend any more brain power thinking about such admittedly high level of dumb.

sounds like a job for the squirrels, theyre pretty good at dumb. ill get them thinking on it pronto

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[BTCETFInvestor]

 Scarcity Model Points To $500,000 Bitcoin Price


PlanB’s projection stems from the Stock-to-Flow framework, which treats Bitcoin similarly to scarce commodities such as gold.

According to the current projection for the 2024–2028 halving cycle, the model implies an average price near $500,000, suggesting Bitcoin could potentially exceed that level during the cycle’s peak if historical patterns repeat.

Supporters argue that similar signals in the past highlighted major buying opportunities.

Some users responding to PlanB’s post pointed to earlier “blue-zone” periods in the model—such as 2015 when Bitcoin traded below $400—that preceded large rallies.

“Bitcoin at $67,000. But S2F model screams $500,000 average this cycle (2024-2028),” PlanB wrote on X.

In total for this current cycle, the model suggests a potential Bitcoin price range from $250,000 to $1 million.

► https://finance.yahoo.com/news/bitcoin-price-500-000-famed-125218826.html

Without reading ahead I am assuming poor ETFInvestor got an earful on this one lol.

No, surprisingly not a single word!

But just because I post something newsworthy about BTC doesn't necessarily mean it is also my view of the matter. What I posted was merely some interesting published news about BTC coming from PlanB...

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[philipma1957]

What is the stall buddy

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[philipma1957]

Its nice that we are at 70k maybe buddy will go 80k

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[philipma1957]

well buddy is still pressing up towards 80k rather than down toward 60k.


I got some dip at 66k the other day

and today I added a bit at 70k

I have 10% of my corn on exchanges and the rest in wallets.

[Biodom]

well buddy is still pressing up towards 80k rather than down toward 60k.


I got some dip at 66k the other day

and today I added a bit at 70k

I have 10% of my corn on exchanges and the rest in wallets.

I have close to zero on exchanges and even that tiny amount that I have messes things up as Kraken automatically gives you some unneeded rewards in a form of some s-tcoin.
This messes up my tax reporting.

BTW, did any of you guys (who are in US) tried to tackle the 1099-DA reporting yet?
Beware of the choices you would make in 1040 as at least some of them result in a need of mailing some form to you know who.

I decided to wait and see if it could still be attached because it is a bit crazy since they have the form from Coinbase, for example, and I have the pdf, which is downloadable from Coinbase.
Then, why do I have to mail anything instead of allowing to simply attach the file to the electronic return?
I talked to TurboTax...and they also don't know why..as it stands now, but there is a glimmer of hope for an update before Apr 15.

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[philipma1957]

well buddy is still pressing up towards 80k rather than down toward 60k.


I got some dip at 66k the other day

and today I added a bit at 70k

I have 10% of my corn on exchanges and the rest in wallets.

I have close to zero on exchanges and even that tiny amount that I have messes things up as Kraken automatically gives you some unneeded rewards in a form of some s-tcoin.
This messes up my tax reporting.

BTW, did any of you guys (who are in US) tried to tackle the 1099-DA reporting yet?
Beware of the choices you would make in 1040 as at least some of them result in a need of mailing some form to you know who.

I decided to wait and see if it could still be attached because it is a bit crazy since they have the form from Coinbase, for example, and I have the pdf, which is downloadable from Coinbase.
Then, why do I have to mail anything instead of allowing to simply attach the file to the electronic return?
I talked to TurboTax...and they also don't know why..as it stands now, but there is a glimmer of hope for an update before Apr 15.

I do all mailings since 1986.

Fucking as much as 300 pages for nonsense coin base transaction.


list a sale at 0.1 btc    and they may do 40 tiny sales to make it happen and I have to make 40 entries.

I have done a 319 page return for 85,000 in coin profits which is nuts.

[Biodom]

well buddy is still pressing up towards 80k rather than down toward 60k.


I got some dip at 66k the other day

and today I added a bit at 70k

I have 10% of my corn on exchanges and the rest in wallets.

I have close to zero on exchanges and even that tiny amount that I have messes things up as Kraken automatically gives you some unneeded rewards in a form of some s-tcoin.
This messes up my tax reporting.

BTW, did any of you guys (who are in US) tried to tackle the 1099-DA reporting yet?
Beware of the choices you would make in 1040 as at least some of them result in a need of mailing some form to you know who.

I decided to wait and see if it could still be attached because it is a bit crazy since they have the form from Coinbase, for example, and I have the pdf, which is downloadable from Coinbase.
Then, why do I have to mail anything instead of allowing to simply attach the file to the electronic return?
I talked to TurboTax...and they also don't know why..as it stands now, but there is a glimmer of hope for an update before Apr 15.

I do all mailings since 1986.

Fucking as much as 300 pages for nonsense coin base transaction.


list a sale at 0.1 btc    and they may do 40 tiny sales to make it happen and I have to make 40 entries.

I have done a 319 page return for 85,000 in coin profits which is nuts.

well, sheet, maybe i will also do it line by line instead of a summary tx for each "item" (as Turbotax suggested) and maybe then I could do electronic and no need for a mailing.
I don't have 300 pages worth, maybe 3-4 at most, but copy-pasting or inputting all those 16 numbers after a period could be tedious. Oh, well.

[cAPSLOCK]

I am feeling a lot of tingles at the moment. I'm sorry if this crashes the price, but also not sorry.

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[Mia Chloe]

I know what kind of man you are 😂lol..

[philipma1957]

well buddy is still pressing up towards 80k rather than down toward 60k.


I got some dip at 66k the other day

and today I added a bit at 70k

I have 10% of my corn on exchanges and the rest in wallets.

I have close to zero on exchanges and even that tiny amount that I have messes things up as Kraken automatically gives you some unneeded rewards in a form of some s-tcoin.
This messes up my tax reporting.

BTW, did any of you guys (who are in US) tried to tackle the 1099-DA reporting yet?
Beware of the choices you would make in 1040 as at least some of them result in a need of mailing some form to you know who.

I decided to wait and see if it could still be attached because it is a bit crazy since they have the form from Coinbase, for example, and I have the pdf, which is downloadable from Coinbase.
Then, why do I have to mail anything instead of allowing to simply attach the file to the electronic return?
I talked to TurboTax...and they also don't know why..as it stands now, but there is a glimmer of hope for an update before Apr 15.

I do all mailings since 1986.

Fucking as much as 300 pages for nonsense coin base transaction.


list a sale at 0.1 btc    and they may do 40 tiny sales to make it happen and I have to make 40 entries.

I have done a 319 page return for 85,000 in coin profits which is nuts.

well, sheet, maybe i will also do it line by line instead of a summary tx for each "item" (as Turbotax suggested) and maybe then I could do electronic and no need for a mailing.
I don't have 300 pages worth, maybe 3-4 at most, but copy-pasting or inputting all those 16 numbers after a period could be tedious. Oh, well.

I use bitcointax.org it generates all the sched d crap and I then attach to the return.

I made a decent amount of money mining over the years 2012-2026  maybe 300k spent on living and running the mine. Along with

About 200k in investments so say 500k in 14 years. And the 200k invested in coins  is taxable if I cash it.

Would have made much more if I simply hodl when coins were cheap. Also far far far far less paperwork.

[OgNasty]

well buddy is still pressing up towards 80k rather than down toward 60k.


I got some dip at 66k the other day

and today I added a bit at 70k

I have 10% of my corn on exchanges and the rest in wallets.

I have close to zero on exchanges and even that tiny amount that I have messes things up as Kraken automatically gives you some unneeded rewards in a form of some s-tcoin.
This messes up my tax reporting.

BTW, did any of you guys (who are in US) tried to tackle the 1099-DA reporting yet?
Beware of the choices you would make in 1040 as at least some of them result in a need of mailing some form to you know who.

I decided to wait and see if it could still be attached because it is a bit crazy since they have the form from Coinbase, for example, and I have the pdf, which is downloadable from Coinbase.
Then, why do I have to mail anything instead of allowing to simply attach the file to the electronic return?
I talked to TurboTax...and they also don't know why..as it stands now, but there is a glimmer of hope for an update before Apr 15.

I do all mailings since 1986.

Fucking as much as 300 pages for nonsense coin base transaction.


list a sale at 0.1 btc    and they may do 40 tiny sales to make it happen and I have to make 40 entries.

I have done a 319 page return for 85,000 in coin profits which is nuts.

well, sheet, maybe i will also do it line by line instead of a summary tx for each "item" (as Turbotax suggested) and maybe then I could do electronic and no need for a mailing.
I don't have 300 pages worth, maybe 3-4 at most, but copy-pasting or inputting all those 16 numbers after a period could be tedious. Oh, well.

I use bitcointax.org it generates all the sched d crap and I then attach to the return.

I made a decent amount of money mining over the years 2012-2026  maybe 300k spent on living and running the mine. Along with

About 200k in investments so say 500k in 14 years. And the 200k invested in coins  is taxable if I cash it.

Would have made much more if I simply hodl when coins were cheap. Also far far far far less paperwork.

Usually I do my taxes myself and very easily match my sales with my cost basis.  This year the IRS seemingly lost it's mind.  Exchanges wanted me to account for 1200+ transactions and I only made a couple of sales.  Looks like they were trying to reconcile a nightmare of old inputs or something.  I didn't want to take any chances so I used a crypto tax company this year.  My taxes came out to about $60K more than I was expecting with my accounting, but I figure it is better to be safe than sorry when it comes to the IRS.  I am also paying more in taxes this year than I have in every year of my life combined up to this point.  My goal is to be much smarter with my tax planning in 2029...  Maybe do all the things I should have done last year.  

Selling the top is fun until April rolls around...