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

[bitserve]

This is very bullbish:

 https: //www.forbes.shite/blahblah

bullbish a new (accidental?) meme? bullish with a top note of tulip bulbs? when the msm can't bitcoin

Not accidental... but yeah, it could be used to refer to not only comparisons with tulip bulbs but also any type of disinformed attack/comparison that use silly references to unrelated subjects trying to imply we are in a maniac bubble. And any time those type of attacks come is when Bitcoin is more Bullish than ever.

Bubblish could also do it.

[bitserve]

This is very bullbish:
 https://www.forbes.com/sites/adamhartung/2017/08/15/a-bitcoin-is-worth-4000-why-you-probably-should-not-own-one/#62308c403b08

LOL. ((( They ))) are scared.

Not all of them.... Look at these guys:

https://www.coindesk.com/45-million-ukrainian-lawmakers-reveal-big-bitcoin-holdings/

They do have way more Bitcoins than you do

And I would be they are not "early adopters". Or maybe yes: http://blog.trendmicro.com/trendlabs-security-intelligence/dimtry-golubov-politician-or-cyber-criminal/

It's an ackward news. Not sure if bullish or not, but worth posting it for sure.

Politicians really are the stupidest of humans.

You go to all that trouble to amass a fortune.

And then you declare it?

Where's my wrench? We're going down Kiev way.

Oh yesss, you do in fact declare it if you ever want to buy nice things with them like: Cars, Real State and almost everything that can't be bought with cash.

[bitserve]

Ugh I hate it when people as me how many coins I have, I don't want to be rude so I just ask them exactly how much money they have in their bank account - that normally makes them realise what they're asking  

I would have less problem telling how much money I do have in the banks than telling my exact total Bitcoin number. And I do have more money in the banks than in Bitcoin total value. Not much more though... and at this rate it could be this year that it is surpassed. Yes, I have been a FIAT hodler all my life. HOw stupid I realise now.

Why? Because if I tell my number of Bitcoins, when they are 10x from now, they will know how rich I am

And what if it does a 100x? Eh? then what?

My banking fiat, on the other hand, it won't probably ever rise up in value.

[Torque]

To those early adopters with thousands of bitcoin and who are now feeling suddenly nouveau riche.

The future world needs new oligarchs, but oligarchs of a different kind of mindset. Not the robber barons of old that have completely pillaged and destroyed the world of today.

If you want to see this change happen, you need to have a plan to preserve your wealth for your future generations, and start instilling the new mindset in them early. Write a manifesto, leave it to your heirs along with your leftover wealth and a plan to both preserve it and use/wield it wisely in the future.

This is your destiny and will become your legacy.

[infofront]

He who controls bitcoins shall control the future!

[bitserve]

Tell that to searing who mentions it on every post!! Ha ha.

Probably true. But I mean really 4200 btc. Freaking me out a bit. Thus I'm in
WTF mode a lot lately.

YOu have 4200 fucking btc???

[bitserve]

Bravo sir.

Personally, I like the idea that I will live longer than the US government will exist. At that point I can cash out into whatever I want to and not have to pay taxes on it.

I don't want luxury or "nice things". I want to live for hundreds of years and travel to new worlds. That will take money.

If you are loaded you can already renounce US citizenship and take another one, ideally in a country which does not tax foreign capital gains.

Yep. When someone have enough money he can do some things. ie: You cash out your first couple of millions, and pay taxes on them. With that money buy a residence in some tax heaven place. Monaco is expensive but a great option if you can afford it. Now you can keep cashing the rest without worries.

[NewWorldCoiner]

Don't be advertising how many coins you have boys, I'd delete those posts.

[ShroomsKit_Disgrace]

Don't be advertising how many coins you have boys, I'd delete those posts.

I have.....1Million BTC

[bitserve]

Don't be advertising how many coins you have boys, I'd delete those posts.

I have.....1Million BTC

I have millions, maybe even billions or trillions of satoshi. Or maybe even more, donno, lol.

[BitcoinNewsMagazine]

Once the $3800 low was in it is possible to draw a new set of Fibonacci extensions on the 4 hour chart:



The local extensions show $4770 as important resistance if $4400 is taken out. The monthly extensions I posted earlier still predict $7079 on a longer time frame.

[bitserve]

Nice, But what does it mean? That $7079 would be the maximun price scenario or that it is a big probability scenario?

[julian071]

I'm surprised to hear of all your tax problems. Here in NL I only pay 1.2% annually on the worth of my stash on jan. 1st. No tax on the gains I make whatsoever.

By the way, https://www.cryptocoinsnews.com/european-retail-giant-alza-will-deliver-your-tesla-tomorrow-for-bitcoin/

[fabiorem]

Bravo sir.

Personally, I like the idea that I will live longer than the US government will exist. At that point I can cash out into whatever I want to and not have to pay taxes on it.

I don't want luxury or "nice things". I want to live for hundreds of years and travel to new worlds. That will take money.

If you are loaded you can already renounce US citizenship and take another one, ideally in a country which does not tax foreign capital gains.

...you still pay an exit tax.

I'm also trying to get my head around my tax situation - guess its a good position to be in. I'm seeing an accountant next week.

Not much that can be done. I've looked into as many tax loopholes as I can. I even had all of the paperwork ready to create an offshore business to funnel my bitcoins through but the controlled foreign corporation rules require any foreign corporation where you own 50% of requires you to declare capital gains that the company gets immediately even if the company does not distribute it to you.

There are some companies that allow you to take out a loan on your stock options (which fixes the price) where they "hold" the stocks and you "fail to pay back the loan".

Living overseas you can withdraw $38k per year and pay zero capital gains as long as you have no other income.

Though a really good tax lawyer could probably figure something out. Tax "loopholes" are legal ways of not paying taxes that the tax legislators just haven't noticed yet.

If your accountant tells you that there's no getting around paying capital gains taxes he's really saying there's know way -he- knows of how to get around them. There is always a way especially the more money you have.

Impressive. And they call capitalism "free", its very far from that. It is kind of a mafia of banks, states and big corporations.

The only way to free capitalism and let it be what it was intended to be, is to smash down this structure of taxes.

[BitcoinNewsMagazine]

Nice, But what does it mean? That $7079 would be the maximun price scenario or that it is a big probability scenario?

Fibonacci gives targets for traders to enter or take profits. It was very accurate in predicting $4400 but does not guarantee the market will follow through and advance to $7000. I pointed our earlier that $7000 is lower probability based on previous cycles. masterluc thinks we are headed to $15000 from his posts on a Russian forum (use Google Translate.)

[lightfoot]

I'm surprised to hear of all your tax problems. Here in NL I only pay 1.2% annually on the worth of my stash on jan. 1st. No tax on the gains I make whatsoever.

By the way, https://www.cryptocoinsnews.com/european-retail-giant-alza-will-deliver-your-tesla-tomorrow-for-bitcoin/

50btc is about double the price (100k). For that amount they should include a hooker and a mint.

[JimboToronto]

Good morning Bitcoinland.

I see we're consolidating quite nicely after yesterday's correction/profit-taking, forming a lovely wedge around $4.1k... currently $4118USD/$5236CAD (Bitcoinaverage).

It's good to see the bull run still alive, but at a slower pace.

Hopefully segwit activation will send it higher. My guess is that a lot of institutional money is waiting.

In the meantime it's nice to see that a lot of patient holders have made so much money that they're worried about tax implications. Congrats to all the Bitcoin nouveau riche.

[fabiorem]

I have been looking this site https://www.tradingview.com/symbols/BTCUSD/ and theres a lot of bearish predictions. I think most of them are biased and comes from people who lost the last train. However, I see there is some resistance around 4300-4400, so maybe it will fall to 3700-3800 as some traders might lose their patience and sell.

[Icygreen]

We are talking about a whole new payment system/platform and a store of value that is by far superior to any existing financial system and store of wealth (gold sucks FYI).

 If I have a gold or silver coin sitting on the table, I do not have to pay extortion fees to some miner just to be able to spend it.  

But you'll need to transport that gold or silver coin to the person accepting it. How much does that cost? You gonna use the post office or perhaps try to conceal it through an airport? Lets say you get that person in front of you with your coin. You gonna hack it up to make change or are you cashing out for fiat in a lump sum?  Really Roach, we are already in a digital age and currency is going digital also. Ask a millennial if they think value should be stored digitally online or in a physical coin, metal, paper bill, etc. You're either stuck in your long held belief system or paid to spread FUD as crypto grows.  

[podyx]

Triangle broken up, $5k coming to you live soon