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

[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....

[gembitz]

$5000 small speed bump then uptick to $10000 weeeee

[BlindMayorBitcorn]

Pay your taxes, people! It's the best way to keep the underclasses from tearing you apart.

[arklan]

Pay your taxes, people! It's the best way to keep the underclasses from tearing you apart.

some of us ARE the underclasses, man.

[BlindMayorBitcorn]

Pay your taxes, people! It's the best way to keep the underclasses from tearing you apart.

some of us ARE the underclasses, man.

Behave! You savage

[jojo69]

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....

Just saying....

[arklan]

Pay your taxes, people! It's the best way to keep the underclasses from tearing you apart.

some of us ARE the underclasses, man.

Behave! You savage

hey, i'm no savage! i'm just broke... first time in years i've had a decent job, and it's only two months old. not been able to save enough to get an apartment though, so living on a friends couch... who wants me to go to a hotel cause he's worried about eviction... sigh. bye bye savings.

doesn't help i sold 10 BTC to my brother back in 2013 at around 100 a pop... argh. i've got less then .04 now...


well, that got off topic. sorry.

[GreatOrchid]

Guys what are your predictions for this end of the week? I think the price will break the $4,5k barrier support, so it can go up for a while and then make a retracement of $200 or $300 like it has been in the last two days.
I read on this forum that in August 23 there was going to be another Segwit feature, do you have any idea what is gonna happen in that day?

[BlindMayorBitcorn]

Pay your taxes, people! It's the best way to keep the underclasses from tearing you apart.

some of us ARE the underclasses, man.

Behave! You savage

hey, i'm no savage! i'm just broke... first time in years i've had a decent job, and it's only two months old. not been able to save enough to get an apartment though, so living on a friends couch... who wants me to go to a hotel cause he's worried about eviction... sigh. bye bye savings.

doesn't help i sold 10 BTC to my brother back in 2013 at around 100 a pop... argh. i've got less then .04 now...


well, that got off topic. sorry.

I'd say your brother owes you his couch at least.

[arklan]

Pay your taxes, people! It's the best way to keep the underclasses from tearing you apart.

some of us ARE the underclasses, man.

Behave! You savage

hey, i'm no savage! i'm just broke... first time in years i've had a decent job, and it's only two months old. not been able to save enough to get an apartment though, so living on a friends couch... who wants me to go to a hotel cause he's worried about eviction... sigh. bye bye savings.

doesn't help i sold 10 BTC to my brother back in 2013 at around 100 a pop... argh. i've got less then .04 now...


well, that got off topic. sorry.

different state, unfortunately. and while i have a job, i remain in texas.
I'd say your brother owes you his couch at least.

[marcus_of_augustus]

Pay your taxes, people! It's the best way to keep the underclasses from tearing you apart.

some of us ARE the underclasses, man.

Behave! You savage

coercively extorted taxes for immoral spending on militarised police force weaponry to beat up the 'underclasses' ... sounds legit and sustainable.

voice or exit? their choice.