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

[YamashitaRen]

Cool. Just caught the dip and bought $1000CAD worth when it was below $4kUSD.
 
It can go up now.  

Got A Nice amount of fiat as wel ready to buy the dip , But Allmost thinking of buying BTH in Its run Haha
BUT no stick with my original plan buy A Nice dip of btc only thinking to buy now or want A little Any suggestions ?

Seems like this BCH train is a nice ride to have... for now. Sadly I missed its last halt so I will just go sleep and check where both trains are tomorrow
Doubt BCH pump will end there though...

[BlindMayorBitcorn]

Cool. Just caught the dip and bought $1000CAD worth when it was below $4kUSD.
 
It can go up now.  

Got A Nice amount of fiat as wel ready to buy the dip , But Allmost thinking of buying BTH in Its run Haha
BUT no stick with my original plan buy A Nice dip of btc only thinking to buy now or want A little Any suggestions ?

I also have more fiat waiting for a further dip but after it dropped over $500USD in 2 days, I jumped at it.  Anything under $4kUSD is a bargain.

As for AltcoinCash, I'll continue holding my forking windfall but I'm not ready to throw any fiat at it quite yet. Let's wait and see.

How come?

[lightfoot]

In the US, you owe taxes on the value when you receive it and then again if there are gains when you sell it.

Are you really declaring your ownership of BTC? OMG.  

Not as such. If you receive it as payment (as I do) you have to pay the normal income taxes on it at the rate of the bitcoin at the time. Then if you sell it later you need to take into account capital gains or losses and pay taxes on only that differential amount.

It's one reason I use FIFO accounting: I can fix things for people, take bitcoins, then convert some into cash to set aside for taxes and for buying equipment/parts/shipping. Normally the fluctuation is minimal short term so no STCG taxes and no screwing with the old stuff (which has appreciated but I'm using FIFO). Bit screwy this year with the bouncing, but still not bad.

(One of the 500 or so people who actually paid all taxes on bitcoins earned last year. It was kind of a silly return but accurate)

but FIFO means if you had early Bitcoins (like at $5 or $50 each) those are the ones you are first selling. how is that no screwing with the "old stuff".

Fuck, I meant LIFO. My error.

[r0ach]

I dislike the current dump.

[bitserve]

Every BCH holder please go onto your seats and expect high turbulence and downtrend as the next block -after more than hour- arrives the exchanges. You have all been warned.

[BlindMayorBitcorn]

I for one have started to migrate my coins out of their old private keys slumber. I'm tired of being forced to own fork coins.

+1

At 20% it'd be rude not to.

[YamashitaRen]

Blah usual "I'm too sleepy, I'll stay in USD", look at BTC recover from sub-4k and buy at 4060 because it would be dumb to miss the train...
Now I can chose between putting a "no-loss" stop order which is likely to get hit and a ~4k stop order which is unlikely to get hit if market recover but would net me not so nice losses...

[becoin]

Except Ver and Wu, who else sold at the bottom?

[soullyG]

Bear Trap over? Back up to $4140 already and BCH down to 0.16

[bitserve]

Except Ver and Wu, who else sold at the bottom?

I did. I sold some BCH at over 0.19 when BTC bottomed.

[jbreher]

Every BCH holder please go onto your seats and expect high turbulence and downtrend as the next block -after more than hour- arrives the exchanges. You have all been warned.

We're finally getting the butthurt core-ian dump? Ready and waiting. We'll have to see if this accursed in flight WiFi is up to the task, or if it'll all be over in a blink of an eye.

[El duderino_]

Except Ver and Wu, who else sold at the bottom?

I did. I sold some BCH at over 0.19 when BTC bottomed.

I Still didn't sell any this time ..... maybe better i did who wil know 😄

[jojo69]

Fuck, I meant LIFO. My error.

too late

please contact your IRS audit case officer

[BlindMayorBitcorn]

Fuck, I meant LIFO. My error.

too late

please contact your IRS audit case officer

[JimboToronto]

As for AltcoinCash, I'll continue holding my forking windfall but I'm not ready to throw any fiat at it quite yet. Let's wait and see.

How come?

I'm basically a holder at heart and it's the first altcoin I've ever held a significant amount of.

I also think it will be pumped even higher in an attempt to sway miners over. The last couple of days have been telling.

[bitserve]

Every BCH holder please go onto your seats and expect high turbulence and downtrend as the next block -after more than hour- arrives the exchanges. You have all been warned.

We're finally getting the butthurt core-ian dump? Ready and waiting. We'll have to see if this accursed in flight WiFi is up to the task, or if it'll all be over in a blink of an eye.

Well, I am just a little insignificant BTC holder, but I am loyal to my beliefs -which are purely economical-. I am nearing now only 50% of fork BCH.

If Bitcoin is ever owned by this BCH, Bitcoin will be over. I am not selling my Litecoins, which will come very handy in that scenario.

[BlindMayorBitcorn]

As for AltcoinCash, I'll continue holding my forking windfall but I'm not ready to throw any fiat at it quite yet. Let's wait and see.

How come?

I'm basically a holder at heart and it's the first altcoin I've ever held a significant amount of.

I also think it will be pumped even higher in an attempt to sway miners over. The last couple of days have been telling.

Ok. I've held significant amounts of altcoins before. So the novelty wore off long ago. But you might be right. This will probably have legs for a while.

[bitserve]

Except Ver and Wu, who else sold at the bottom?

I did. I sold some BCH at over 0.19 when BTC bottomed.

I Still didn't sell any this time ..... maybe better i did who wil know 😄

Oh, We will know for sure....

[becoin]

Buttcoin Cash = 0.2 Bitcoin is a strong sell signal.

[BlindMayorBitcorn]

In fact, after logging onto Trex after a good while I discovered I'd had 70,000 Flex coins at some point. I have no idea what that is. Some of the garbage I waded through to get here.