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

[DaRude]

The only question that remains:

What will be the BTCottom final bch/btc trade ratio  

FTFY  It's like free money from heaven. Thanks, Roger

if he's throwing his money at me, who am I not to take it  

[rjclarke2000]

I've just come here to say I am in love with Salma Hayek

[boumalo]

Quelle est la probabilité que le prix descende sous les 3000 USD au moins une fois dans les 6 prochains mois ?

Je dirais >70%.

[BlindMayorBitcorn]

What's the mempool situation? Are we being spam attacked?

40895 Unconfirmed Transactions 

[bitcoinvest]

I've just come here to say I am in love with Salma Hayek

yes that is a good point! i feel many in this community would like to spend from 1 minute with her up to all life

[HanvanBitcoin]

Looks like i failed to buy the dip  

[Torque]

I'm trying to work that out with my accountant now. Wanted to dump all my BCH to pay off a mortgage and he's trying to wrap his head around the cost-basis and tax implications.

Do you think that if you traded your BCH for BTC... and your BTC would appreciate more each year than the interest on your loan.... ?

Some rhetoric in there.

[infofront]

I've just come here to say I am in love with Salma Hayek

yes that is a good point! i feel many in this community would like to spend from 1 minute with her up to all life

Does she accept BCH?

[rolling]

Has anyone considered the tax implications of now involuntarily owning BCH?

I'm trying to work that out with my accountant now. Wanted to dump all my BCH to pay off a mortgage and he's trying to wrap his head around the cost-basis and tax implications.

I'm thinking they will treat it as if you mined it on the day the chain split. In other words, you will owe capital gains on the value of BCH the day it was created whether you cash it out or not.

[JimboToronto]

I've just come here to say I am in love with Salma Hayek

yes that is a good point! i feel many in this community would like to spend from 1 minute with her up to all life

Not bad for a 50-year-old MILF.

 

[jbreher]

I understand that miners mine for profit but what about idealism?

Plenty of idealism in the Bitcoin Cash camp. Both users and miners. How else can you explain the chain being extended through the dark days of loss-inducing mining relative to mining core?

[xyzzy099]

Has anyone considered the tax implications of now involuntarily owning BCH?

I'm trying to work that out with my accountant now. Wanted to dump all my BCH to pay off a mortgage and he's trying to wrap his head around the cost-basis and tax implications.

I'm thinking they will treat it as if you mined it on the day the chain split. In other words, you will owe capital gains on the value of BCH the day it was created whether you cash it out or not.

Pretty sure mined coins are taxed as regular income - not at the capital gains rate.

[Higher Altitude]

Looks like i failed to buy the dip  

It was just a warm-up stretch for a new ATH  

[rolling]

Has anyone considered the tax implications of now involuntarily owning BCH?

I'm trying to work that out with my accountant now. Wanted to dump all my BCH to pay off a mortgage and he's trying to wrap his head around the cost-basis and tax implications.

I'm thinking they will treat it as if you mined it on the day the chain split. In other words, you will owe capital gains on the value of BCH the day it was created whether you cash it out or not.

Pretty sure mined coins are taxed as regular income - not at the capital gains rate.

Good point, not like mining then but still capital gains.

[aesma]

I've just come here to say I am in love with Salma Hayek

yes that is a good point! i feel many in this community would like to spend from 1 minute with her up to all life

Does she accept BCH?

She's married to a billionaire.

[jojo69]

I've just come here to say I am in love with Salma Hayek

I do like some T&A with my TA, 'tis true

[xyzzy099]

Has anyone considered the tax implications of now involuntarily owning BCH?

I'm trying to work that out with my accountant now. Wanted to dump all my BCH to pay off a mortgage and he's trying to wrap his head around the cost-basis and tax implications.

I'm thinking they will treat it as if you mined it on the day the chain split. In other words, you will owe capital gains on the value of BCH the day it was created whether you cash it out or not.

Pretty sure mined coins are taxed as regular income - not at the capital gains rate.

Good point, not like mining then but still capital gains.

I would imagine that coins "created" in any way at all would be considered exactly the same as mined coins, and taxed as normal income.  IANAL, that's just my best guess.

[aesma]

In France the taxman doesn't care about tokens. Only when converted into fiat do you need to declare the money, then it's taken as regular income. Meaning there is no way to deduct what you have spent to get the coins, so it's not practical. I'm considering opening a fake company to go around that problem.

[bitserve]

Has anyone considered the tax implications of now involuntarily owning BCH?

None until you sell.

[Torque]

I've just come here to say I am in love with Salma Hayek

yes that is a good point! i feel many in this community would like to spend from 1 minute with her up to all life

Does she accept BCH?

She's married to a billionaire.

Hence the reason she is always smiling in photos. Although her daughter has passed the age of 7 now, so pretty soon she'll file for divorce and take half his shit.