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

[luckygenough56]

if you tech noobs think u can't plug an old hard drive on a laptop then give me all your old hard drives

but i agree that the story is weird

[PaymyBills]

Btc Just in prepare to the big pump, this will happen, and this will be big!

[Karartma1]

That would be pretty funny if true. The dump certainly had the hallmarks of a total n00b. Somebody should check if there's been a large sum of old, unspent coins that moved recently.

reminds me of the tale of  that dude that chucked out his old HD then dicovered
the bitcoin he had on it was worth millions. except this lucky bastard didnt lose em.
im thinkin if this is true we may well read about it in the papers unless he's smart and keeps
his mouth shut. im sure mr tax man would be very interested indeed.

He probably has no clue that the banking system will collapse very soon and all his money will be somehow worthless in time... currency wars are about to hit the "sh!t fan".

Umm.... yeah.

1. Doesn't supposedly remember that he mined BTC way back when?  Check.
2. Says he successfully put a 5-year old desktop hard drive into a brand new laptop (which is likely impossible)? Check.
3. Has a "range" of BTC (he says "between" 3k to 5k) instead of divulging the *exact* number? Check.
4. Doesn't bother to divulge any public key address(es) to verify his story? Check.
5. Sounds like total made up BS? Check.

well yeah... actually come to think of it(im sober now)agreed, absolute BS... but hey,it was a fun story eh?! i even googled TFW ..

True or not, the old saying says it all:
easy come, easy go.
It's not easy to manage all that money, he can become a threat to himself.

[mymenace]

im thinkin if this is true we may well read about it in the papers unless he's smart and keeps
his mouth shut. im sure mr tax man would be very interested indeed.

I would think if he's smart he'd declare it in his tax return, otherwise he's going to incur some difficulty in actually trying to spend that money, if indeed the deposit of a million pounds into his bank account doesn't automatically flag it to HMRC (it'll certainly get flagged under AML).

if he was smart he would open an account in a country that is more favorable

[Cassius]

im thinkin if this is true we may well read about it in the papers unless he's smart and keeps
his mouth shut. im sure mr tax man would be very interested indeed.

I would think if he's smart he'd declare it in his tax return, otherwise he's going to incur some difficulty in actually trying to spend that money, if indeed the deposit of a million pounds into his bank account doesn't automatically flag it to HMRC (it'll certainly get flagged under AML).

Yep, but it's not income. It's capital gains Much easier on the wallet when you're dealing with $$ millions

[Elwar]

If he was American he should have created a corporation in one of the island nations with zero taxes. He could then transfer all of his bitcoins to that corporation.

Then if he moves overseas (at least 330 days out of the year) he can have the corporation pay him up to $100,000 per year salary with no income taxes. He can also deduct any overseas housing the corporation pays for.

He can drive the corporate car or ride in the corporate boat.

Doing this he pays no taxes.

[julian071]

If he was American he should have created a corporation in one of the island nations with zero taxes. He could then transfer all of his bitcoins to that corporation.

Then if he moves overseas (at least 330 days out of the year) he can have the corporation pay him up to $100,000 per year salary with no income taxes. He can also deduct any overseas housing the corporation pays for.

He can drive the corporate car or ride in the corporate boat.

Doing this he pays no taxes.

If he doesn't want to pay taxes he should just GTFO. Let him enjoy the healthcare, educational system, roads etc. of some other country that lets him pay less.

[gentlemand]

He's in the UK. He's still got time to move to Germany for a bit where he can sell his coins with no capital gains. He'd better get his skates on before Brits aren't allowed into Europe any more.

[Torque]

Don't worry fellas, you'll get your fun stories soon^TM.

I'm sure that when Bitcoin rallies again, you'll suddenly have all sorts of news stories come out of the woodwork about this person or that person who miraculously "found" an old hard drive with thousands of BTC on it, and they are now rich.  

Because the media always tells the truth, and never has a hidden agenda.

[JayJuanGee]

Don't worry fellas, you'll get your fun stories soon^TM.

I'm sure that when Bitcoin rallies again, you'll suddenly have all sorts of news stories come out of the woodwork about this person or that person who miraculously "found" an old hard drive with thousands of BTC on it, and they are now rich.  

Because the media always tells the truth, and never has a hidden agenda.

Hahahahaha


Even I agree with Torque sometimes.   

[JimboToronto]

Good morning Bitcoinland.

New week, same old price... $612 at Bitcoinaverage.

C'mon Bitcoin, it's October... time to start moving up.

[Karartma1]

C'mon Bitcoin, it's October... time to start moving up.

Are you wishing for a 2013 revival? Do you remember?
Below the historical price chart from September 30th 2013 to December 31 same year.



The big jump https://www.youtube.com/watch?v=aCxQPzxbNPs
 

[JimboToronto]

Are you wishing for a 2013 revival? Do you remember?

Yes I remember quite well. I also remember October 2015. That was pretty good too.

Seems like spring (2011 and 2013) and autumn (2013 and 2016) are upsurge times.

The big thing is to not crash too badly afterward.

[JayJuanGee]

Are you wishing for a 2013 revival? Do you remember?

Yes I remember quite well. I also remember October 2015. That was pretty good too.

Seems like spring (2011 and 2013) and autumn (2013 and 2016) are upsurge times.

The big thing is to not crash too badly afterward.

I recall the good ole days of May through June 2016, and those days were not too bad, either.       
 

[JimboToronto]

I recall the good ole days of May through June 2016, and those days were not too bad, either. 

As I said... spring and fall, at least here in the northern hemisphere.

[coins101]

If he was American he should have created a corporation in one of the island nations with zero taxes. He could then transfer all of his bitcoins to that corporation.

Then if he moves overseas (at least 330 days out of the year) he can have the corporation pay him up to $100,000 per year salary with no income taxes. He can also deduct any overseas housing the corporation pays for.

He can drive the corporate car or ride in the corporate boat.

Doing this he pays no taxes.

If he doesn't want to pay taxes he should just GTFO. Let him enjoy the healthcare, educational system, roads etc. of some other country that lets him pay less.

Apart from police and fire, he probably pays privately for everything else; uses a helicopter, etc. So he is not consuming public resources.

still, he's a complete twat for not paying tax.

[coins101]

Good morning Bitcoinland.

New week, same old price... $612 at Bitcoinaverage.

C'mon Bitcoin, it's October... time to start moving up.

We've already had the halving pump to keep the miners happy.

We're not going to see any action until the blocks are allowed to grow.

[JayJuanGee]

If he was American he should have created a corporation in one of the island nations with zero taxes. He could then transfer all of his bitcoins to that corporation.

Then if he moves overseas (at least 330 days out of the year) he can have the corporation pay him up to $100,000 per year salary with no income taxes. He can also deduct any overseas housing the corporation pays for.

He can drive the corporate car or ride in the corporate boat.

Doing this he pays no taxes.

If he doesn't want to pay taxes he should just GTFO. Let him enjoy the healthcare, educational system, roads etc. of some other country that lets him pay less.

Apart from police and fire, he probably pays privately for everything else; uses a helicopter, etc. So he is not consuming public resources.

still, he's a complete twat for not paying tax.

Seems like a lot of the nut jobs want to frame issues as if they are not using any public resources in order to suggest that they they do not owe any taxes.

Good morning Bitcoinland.

New week, same old price... $612 at Bitcoinaverage.

C'mon Bitcoin, it's October... time to start moving up.

We've already had the halving pump to keep the miners happy.

We're not going to see any action until the blocks are allowed to grow.

Yeah, let's keep spewing out nonsense about blocks being supposedly full.  That kind of framing will keep us in "reality."


The reality of the matter was the assertion in fall 2015 that blocks were about to become full, there was a kind of emergency issue and therefore growth could not occur.  We went from $200s to $500 and then back into $360-$460.    Then the claim continued to be made that blocks were full, etc and bitcoin was doomed, and then we went from upper $400s to upper $700s and floated back down to the current $560 to $630 range.  I doubt that there is much of any kind of real correlation with price movements and the mythical idea about bitcoin being broken due to blocksize limit issue.

[Holliday]

still, he's a complete twat for not paying tax.

I'm sure that you go out of your way to pay more in taxes than required by law.

[fichtn12345]

[...]

Because the media always tells the truth, and never has a hidden agenda.

Confirmed.