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

[El duderino_]

This asshole Jihan is systematic plannning to kill Bitcoin to push and enforcing this unwanted BCash coin..

Repeat after me:

No one can kill Bitcoin. No one can force bitcoin users to buy and transact in BCash.
No one can kill Bitcoin. No one can force bitcoin users to buy and transact in BCash.
No one can kill Bitcoin. No one can force bitcoin users to buy and transact in BCash.
No one can kill Bitcoin. No one can force bitcoin users to buy and transact in BCash.
No one can kill Bitcoin. No one can force bitcoin users to buy and transact in BCash.

Also, stop whining and peeing in your diaper. 

No one can kill Bitcoin. No one can force bitcoin users to buy and transact in BCash           

[hodl_2015]

Jihan is still mining empty blocks, he lost $100.000 of potential profits. So the biggest miner refusing to help the network for the better good?

This asshole Jihan is systematic plannning to kill Bitcoin to push and enforcing this unwanted BCash coin..

How do we cure this cancer from Bitcoin?

Doesn't that just increase the mempool, raising transaction fees, raising profits for any miner that does process these high-fee transactions? Unless he mines nearly all the blocks, I don't see a problem. (low-fee transactions not getting processed is not a problem, transactions are not intended to be free.)

[Last of the V8s]

img]https://i.imgur.com/Koc846l.jpg[/img]

Found the video to that  Grin
https://www.youtube.com/watch?v=fSuqPRFEcIk

girl can always say she met a talking lizard

[bitcoinPsycho]

Lol   looks like someone's decided they want to swap back there bch back for 70 btc on bittrex

[Kunlejoe0]

I'm with Searing, just waiting for doom and my 30% haircut. A guy like me has no business having this kind of money. And that's a fact.

Lol! This is fcuking hillarious

[Kunlejoe0]

Lol   looks like someone's decided they want to swap back there bch back for 70 btc on bittrex

BCH causing so much instability!

[Meuh6879]

Shit, MEMpool is really high, now ...  be carefull with yours fees.

I have a transaction in waiting list (with 25 sat/B   Yeah, i'm a cheater, stuck since 5 days) ... and i have made one with 560 sat/B (next block OK).

[fluidjax]

Even with the crazy difficulty adjustment, BTC is now more profitable
http://fork.lol
Is this the death toll for BCH

[bitcoinPsycho]

Lol   looks like someone's decided they want to swap back there bch back for 70 btc on bittrex

BCH causing so much instability!

I no. It's had pump and dump written all over it from the start

[Wekkel]

Lol   looks like someone's decided they want to swap back there bch back for 70 btc on bittrex

BCH causing so much instability!

No. Free money and some experience with larger blocks. We've got freedom (anyone can fork Bitcoin) and just have to deal with it.

[bitcoinPsycho]

Bch = bilderberg crypto heist

[bitserve]

I have a question for you guys with good tax advisors:

The thing is that is you have ie, not my situation, 100 BTC which you mostly hold but, at the same time, you do trading with a smaller part ie: 10BTC and keep doing sells on peaks and buys on dips it could be considered that you are basically selling from the whole stash. Thus, if in one year you do hundreds or even thousands of trades with those 10BTC it is basically as if you sold and rebought the whole 100BTC in that same year, thus paying for short term profits. (At least in countries where LIFO is not allowed, only FIFO and "maybe" PMP).

So.... It is a possibility that instead of doing direct sells and buys you use leverage (using your "REAL" Bitcoin or FIAT as collateral), ie opening long or short positions, and paying only for the short term net profit on those positions without considering that you are effectively selling ANY your long term Bitcoin holding?

ANyone using leveraging for this tax concerns or anyone that knows if this is accepted or not?

Is margin trading considered the same as if you were selling from your previous stash or is it a separate thing?

I ask this in this thread because I know that here there are people invested and knowleadgle enough to maybe offer a first hand opinion on the subject. Don't want to open a new thread and get a bunch of completely uninformed replies coming from people that needs to comply with their XXX number of useless posts for their signature campaign (basically most of this forum). BUt if anyone can point me to a good thread where this subject is seriously covered I would also appreacite.

Thanks!

P.S.: I am asking this for a friend.

[hodl_2015]

I have a question for you guys with good tax advisors:

Don't know much about trading or taxes (in any country), but maybe keep the bitcoins you regular trade with on a different bitcoin address? (which would already be the case if you keep them at an exchange). Then just call one an "investment account" and the other a "trading account".
Or just look at the lowest amount of BTC held in a year (or whatever the term is), and call that "savings/investments" and the rest trading stack or something.

[Morgenst3rn]

That and to try and prevent people from buying gold and silver because the market is stretched too thin and they're running out of metals to deliver which would blow up their ponzi.

What do you actually think of Peter Schiff?

Excuse me, if i portray you in a wrong light, but he shares a lot of your views on precious metals & bitcoin.

[bitserve]

I have a question for you guys with good tax advisors:

Don't know much about taxes (in any country), but maybe keep the bitcoins you regular trade with on a different bitcoin address? (which would already be the case if you keep them at an exchange). Then just call one an "investment account" and the other a "trading account".
Or just look at the lowest amount of BTC held in a year (or whatever the term is), and call that "savings/investments" and the rest trading stack or something.

Yes. Let's assume the main holdings are in paperwallets or hardware wallet. Only the small trading part in exchanges. But, I am sure that they will consider that, even you have only 1 BTC in one exchange, that you sell and rebuy a hundred times on the exchange, it would be considered is if you were selling from your 100BTC stash. You can argue that they won't ever know you had those 100BTC and only tax you for short term profits on the trades of that 1BTC but..... then you will never be able to officially sell and pay taxes on the 99BTC remaining. They would be in a "limbo" forever.

That wouldn't have a big impact if Bitcoin wouldn't have rised as much in price as it had. You could just use them to buy stuff online or trade it for FIAT in localbitcoins. But this rises make it valuable enough to buy things as real state, etc... so you first need to make sure it is properly taxed beforehand. I am sure many people is having this same concern with current prices and I supposse there is people with older holdings that faced with this concern long time ago.

[x2666]

Want to send $20? Too bad, you will receive $4, it's only fair to pay the Blockstream Corporation for their Bitcoin invention.

[Wekkel]

Want to send $20? Too bad, you will receive $4, it's only fair to pay the Blockstream Corporation for their Bitcoin invention.

Then fork it and remove patentware.

[gentlemand]

Want to send $20? Too bad, you will receive $4, it's only fair to pay the Blockstream Corporation for their Bitcoin invention.

Actually you're paying a nice Chinese man to finance his attacks on Bitcoin.

[x2666]

Want to send $20? Too bad, you will receive $4, it's only fair to pay the Blockstream Corporation for their Bitcoin invention.

Actually you're paying a nice Chinese man to finance his attacks on Bitcoin.

I don't buy this "attack on Bitcoin" argument. So what if the chain gets spammed? That's exposing a weakness. What if Bitcoin actually got the mainstream adoption all these sycophants are constantly proclaiming? That spam would be replaced with "real" transactions. Old dice websites and others used to do 1 satoshi transactions all the time, there are legitimate reasons to send low value high volume transactions that aren't intentionally "malicious".

If core don't like the mempool being filled, they should alter their code to handle this. Unfortunately, they prefer to limit the block size and ensure that fees continue to rise, going so far to say $1,000 fees would be acceptable. Pushing transactions off chain is like a toddler pushing their toys under the bed to clean their room. They say things like it would be fine if it took as long as a year for a payment to settle as long as you could ensure it would eventually settle. That completely changes the fundamental currency claim of Bitcoin. It's not a settlement network.

[Gab0]

Shit, MEMpool is really high, now ...  be carefull with yours fees.

I have a transaction in waiting list (with 25 sat/B   Yeah, i'm a cheater, stuck since 5 days) ... and i have made one with 560 sat/B (next block OK).

At what point will it cost the same to maintain a node and pay the fees of a transaction?

Would not that be a BIG irony?