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

[bitserve]

The next $75 are critical. We only need a mere 2% pump.

[Meuh6879]

Would be the best invention of all time, I could suggest that they build a prison on Mars and all criminals who commit macabre crimes on earth would be teleported to Mars Prison.

DooM

https://www.youtube.com/watch?v=LljkKoPs1Gg

[suzanne5223]

[edited out]

Yes, the SegWit will trigger some unexpected software bug but the SegWit will be finally activated in 14days not 8days.  The price of bitcoin is sightly pumping up though.

Suzanne... sounds like you have been spending too much time on r/btc with your seemingly uninformed speculation about the supposed "bugs of segwit" 

Regarding our current status of "slightly pumped up bitcoin", you could be correct that we have to see the extent to which there remains decent buying support for BTC at this level.  I am tentatively thinking that currently there is a pretty decent chance that current ongoing buying support is likely to push us into the $4800 to $6800 territory before it starts to possibly be reasonable that bitcoin is "due for" a 35% to 50% price correction.

Sure, we are all speculating to some degree - however, your unfounded speculation about segwit supposed "bugginess" will likely lead you to conclusions that are much more erroneous than another person who does not suffer from such wishful thinking r/btc delusions.

Theymos speculation that SegWit will be lock in around Aug 10, and again for a couple of weeks after SegWit finally activates around Aug 24. But SegWit was lock in early at Aug 8 which is why I think it will take 2weeks for SegWit to be finally activated
My apologize senior if it seems to you that I was making an unknown speculation about SegWit system.

[jbreher]

The satellite allows those people to also be able to get the Blockstream's approved version of the blockchain (well part of it, only new blocks right now)

FTFA

[Torque]

The satellite allows those people to also be able to get the Blockstream's approved version of the blockchain (well part of it, only new blocks right now)

FTFA

So what? I don't exactly see Ver/Wu/Wright et al building out any satellite capabilities for BCash.

Compete or get left in the dust.

[marcus_of_augustus]

The satellite allows those people to also be able to get the Blockstream's approved version of the blockchain (well part of it, only new blocks right now)

FTFA

... you didn't FTFA anything, you're lying to yourself. All you did was put your curmudgeony, butthurt, propagandistic spin on a comment you didn't like. Maybe you don't understand broadcast satellite networks or you really are just a giant asshole ... any which way, the block chain satellite receivers can trivially download a 'long enough' record of the latest headers from where-ever to verify which chain they are on.

If you haven't got $100 million to spend on supporting this nascent decentralised network with a broadcast satellite network you should just piss off? amirite?

[jojo69]

If you haven't got $100 million to spend on supporting this nascent decentralised network with a broadcast satellite network you should just piss off? amirite?

lul...I see what you did there

[oblox]

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.

Wrong in the US.

[BlindMayorBitcorn]

[BlindMayorBitcorn]

[jojo69]

[bikerleszno]

$4427 will go above 4500 and 5000$ later
after $5000 if we will go higher we can touch $10 000 very soon

[deepcolderwallet]

$4427 will go above 4500 and 5000$ later
after $5000 if we will go higher we can touch $10 000 very soon

Since you won the bet I'll assume you have some reputation here and take your forecast seriously.

[jojo69]

yeah...I'm going with bikerleszno

fingers crossed

[Dotto]

Its going backwards. In time.

[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.

Wrong in the US.

Why? How does it work in the USA? If you establish your residence for a few years in that other place isn't that place where you pay taxes and not in the usa? I mean unless we are talking about real state or corporates that are in the USA in first place. Bitcoins are "nowhere".

[jojo69]

Why? How does it work in the USA? If you establish your residence for a few years in that other place isn't that place where you pay taxes and not in the usa?

both, the US is a gulag run by criminals

[oblox]

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.

Wrong in the US.

Why? How does it work in the USA? If you establish your residence for a few years in that other place isn't that place where you pay taxes and not in the usa? I mean unless we are talking about real state or corporates that are in the USA in first place. Bitcoins are "nowhere".

In the US, you pay expat tax... which includes all the unrealized gains you made during the time you were a US citizen. As such, you aren't getting around paying the IRS their share... It would not be in your benefit to renounce US citizenship if the sole goal was to avoid paying capital gains tax. It doesn't matter that BTC doesn't exist solely in the US... the IRS currently considers it property and as a US citizen, you pay capital gains on property.

[gentlemand]

In the US, you pay expat tax... which includes all the unrealized gains you made during the time you were a US citizen. As such, you aren't getting around paying the IRS their share... It would not be in your benefit to renounce US citizenship if the sole goal was to avoid paying capital gains tax.

That sucks. What happens if you become the DPRK's foreign minister? I assume they have limits as to how far they'll pursue you.

[bitserve]

Hmmmm, ok, let's assume its like that... but... how can they ever get that money from you if you never come back to the USA? Just saying....