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

[BlindMayorBitcorn]

I'd say we're overdue for 30% correction. But I don't condone it.

Keep repeating it and never give up! Once we hit $10k you might prove right.

[Searing]

Nonsense. If the market moves strongly to Bitcoin Cash over Bitcoin Core, then the narrative that 'Bitcoin Cash is The Real Bitcoin' will have been proven true.

It's not a matter of Bitcoin(TM) brand, but who controls the toy. Would you invest in anything hijacked by the 3 stooges?

my problem with selling bitcoin cash and moving it to BTC proper is taxes. IF I ignore it the IRS may call it a stock split...
if I dork with it and move/sell or whatever they may say it is money from air (like mining) and want 47% income tax.
(yeah I'm in that bracket)

so I'm just leaving it alone and playing ignorant (along with my bytetball, bitcore, clams and any other air dropped stuff to my BTC addresses
I just know if I cash out ...that will count as a tax event ..even if I move it in like kind to btc....they will call it mining...or income

from air and tax it like mining....just saying..its the IRS...they really don't like money from air (mining) in the usa..I think they will tag
this as such if you move it....sell it...or whatever..the 2013 IRS guidelines were released 10 days before the tax deadline in 2013....so
I am cautious..(The IRS no like us much me thinks)

why I'm on the fence or my strategy at this time

[elrippos friend]

Nearly 44M in buy orders on Stamp. Even if that is only half true   

Pennies 

[Last of the V8s]

http://queue.acm.org/detail.cfm?id=3136559
August 29, 2017
Volume 15, issue 4
Bitcoin's Academic Pedigree
The concept of cryptocurrencies is built from forgotten ideas in research literature.
Arvind Narayanan and Jeremy Clark

- first half, the review, notbad; 2nd half, the extrapolations, bad.

[fluidjax]

Nonsense. If the market moves strongly to Bitcoin Cash over Bitcoin Core, then the narrative that 'Bitcoin Cash is The Real Bitcoin' will have been proven true.

It's not a matter of Bitcoin(TM) brand, but who controls the toy. Would you invest in anything hijacked by the 3 stooges?

my problem with selling bitcoin cash and moving it to BTC proper is taxes. IF I ignore it the IRS may call it a stock split...
if I dork with it and move/sell or whatever they may say it is money from air (like mining) and want 47% income tax.
(yeah I'm in that bracket)

so I'm just leaving it alone and playing ignorant (along with my bytetball, bitcore, clams and any other air dropped stuff to my BTC addresses
I just know if I cash out ...that will count as a tax event ..even if I move it in like kind to btc....they will call it mining...or income

from air and tax it like mining....just saying..its the IRS...they really don't like money from air (mining) in the usa..I think they will tag
this as such if you move it....sell it...or whatever..the 2013 IRS guidelines were released 10 days before the tax deadline in 2013....so
I am cautious..(The IRS no like us much me thinks)

why I'm on the fence or my strategy at this time

If you haven't claimed your Byteball, unfortunately you've lost the opportunity, the major monthly airdrops are over and you needed to sign your Byteball address with your BTC private keys for a drop each full moon. There are a few more to come but its only 10% of what it was.
Clams & Bitcore is a very small amount (a few dollars per BTC)

[BlindMayorBitcorn]

http://queue.acm.org/detail.cfm?id=3136559
August 29, 2017
Volume 15, issue 4
Bitcoin's Academic Pedigree
The concept of cryptocurrencies is built from forgotten ideas in research literature.
Arvind Narayanan and Jeremy Clark

- first half, the review, notbad; 2nd half, the extrapolations, bad.

They seem to want to conclude that these are shop-worn, time-tested ideas lifted straight from academia

therefore not revolutionary. Nothing to see here.

Odd.

[Last of the V8s]

http://queue.acm.org/detail.cfm?id=3136559
August 29, 2017
Volume 15, issue 4
Bitcoin's Academic Pedigree
The concept of cryptocurrencies is built from forgotten ideas in research literature.
Arvind Narayanan and Jeremy Clark

- first half, the review, notbad; 2nd half, the extrapolations, bad.

They seem to want to conclude that these are shop-worn, time-tested ideas lifted straight from academia

therefore not revolutionary. Nothing to see here.

Odd.

Yeah, authors, don't diss our favourite kludger-togetherer. It works, and that's enough to change everything.

[Searing]

Nonsense. If the market moves strongly to Bitcoin Cash over Bitcoin Core, then the narrative that 'Bitcoin Cash is The Real Bitcoin' will have been proven true.

It's not a matter of Bitcoin(TM) brand, but who controls the toy. Would you invest in anything hijacked by the 3 stooges?

my problem with selling bitcoin cash and moving it to BTC proper is taxes. IF I ignore it the IRS may call it a stock split...
if I dork with it and move/sell or whatever they may say it is money from air (like mining) and want 47% income tax.
(yeah I'm in that bracket)

so I'm just leaving it alone and playing ignorant (along with my bytetball, bitcore, clams and any other air dropped stuff to my BTC addresses
I just know if I cash out ...that will count as a tax event ..even if I move it in like kind to btc....they will call it mining...or income

from air and tax it like mining....just saying..its the IRS...they really don't like money from air (mining) in the usa..I think they will tag
this as such if you move it....sell it...or whatever..the 2013 IRS guidelines were released 10 days before the tax deadline in 2013....so
I am cautious..(The IRS no like us much me thinks)

why I'm on the fence or my strategy at this time

If you haven't claimed your Byteball, unfortunately you've lost the opportunity, the major monthly airdrops are over and you needed to sign your Byteball address with your BTC private keys for a drop each full moon. There are a few more to come but its only 10% of what it was.
Clams & Bitcore is a very small amount (a few dollars per BTC)

yeah I got the byteball ..at least the last 2 rounds...which was great...I figure just leave it alone...but again....moving $$$ around from the air right now via explaining it
to the IRS....I'm better off just hoping they treat it like a stock split at this point in time...then of course with my luck jiuhan Wu of bitmain will get p/o'd and move his
hash from bitmain to say bitcoin cash as he has said...so now looking at 3 forks....while bitcoin cash is NOT a true fork imho..it in a 3 fork of bitcoin senario will dump price
and will complicate taxes...so frack it...unless others on here see a clearer path I will just leave it alone

[rjclarke2000]

What am I missing here searing? If you claim your bch and trade it for btc and top up your btc without selling for dollars what is the issue?

[Searing]

What am I missing here searing? If you claim your bch and trade it for btc and top up your btc without selling for dollars what is the issue?

the IRS does NOT allow you get something for nothing..ie you mine you get to pay income tax on what you mine....they COULD do the same for BCH

it is MORE likely they would simply count it as a stock split or as you say BCH to BTC for like kind..but  for myself..if they do not....I'd rather be in

a position where I did nothing..then move it about to btc or cash or whatever and have them call it a 'taxable event' and owe them 50% on teh 800 usd

when it hit the world....also they have that nice capital gains of 20% if you hold a coin for 1 year or 1 day or if less than that 40% capital gains

to me not worth it..so will ignore...and hope you are correct or they treat it as a stock split

but again in 2013 they dumped the crypto guidelines 10 days before the tax deadline of april 15th that year

also the coinbase thing where they thought 400 folk were cheating taxes with bitcoin and wanted all info names etc from all accounts from coinbase

besides...BCH will likely survive as an alt...if btc ever hits 10k I'm sure BCH will be just fine at the 800 bucks it hit the world at

one other point....my bank in 2013 went after me as money laundering...when all btc was evil...i showed the SEC guy my CPA tax returns...so yeah

for the 12% more I could make..it is not worth the hassle....

and again IF I don't mess with it I suspect they will treat it as a stock split and you won't have to worry till you sell it

but we likely (its the IRS) won't know till 10 days before april 15th tax deadline in 2018 (its how they roll)

not saying I"m right...just my reaction at not having a clue on how this will pan out (or convinced otherwise)

[rjclarke2000]

I'm in the UK so it's more than likely different but I wouldn't have thought it would be any better for us in the slightest.

I have traded bch for btc and have upped my stash by 14%. I'm happy with that but I don't hold near what you hold. It does me though and I'm happy with it.

The tax thing is just something I will have to face later down the line. I have never sold a satoshi as of now.

[Ibian]

I am so glad I don't have to deal with tax bullshit. No taxes on bitcoin gains in my country, it's just treated like any ol garage sale.

[rjclarke2000]

I am very jealous.

[BubblePopper]

I strongly recommend you check your email addresses here https://haveibeenpwned.com/

711 million mega dump recently passwords and emails comprised .

Onliner Spambot (spam list): In August 2017, a spambot by the name of Onliner Spambot was identified by security researcher Benkow moʞuƎq. The malicious software contained a server-based component located on an IP address in the Netherlands which exposed a large number of files containing personal information. In total, there were 711 million unique email addresses, many of which were also accompanied by corresponding passwords. A full write-up on what data was found is in the blog post titled Inside the Massive 711 Million Record Onliner Spambot Dump.




 

I wonder if the hackers got my 2FA too? If you don't use 2FA on email.... i swear.

[BubblePopper]

Nonsense. If the market moves strongly to Bitcoin Cash over Bitcoin Core, then the narrative that 'Bitcoin Cash is The Real Bitcoin' will have been proven true.

It's not a matter of Bitcoin(TM) brand, but who controls the toy. Would you invest in anything hijacked by the 3 stooges?

my problem with selling bitcoin cash and moving it to BTC proper is taxes. IF I ignore it the IRS may call it a stock split...
if I dork with it and move/sell or whatever they may say it is money from air (like mining) and want 47% income tax.
(yeah I'm in that bracket)

so I'm just leaving it alone and playing ignorant (along with my bytetball, bitcore, clams and any other air dropped stuff to my BTC addresses
I just know if I cash out ...that will count as a tax event ..even if I move it in like kind to btc....they will call it mining...or income

from air and tax it like mining....just saying..its the IRS...they really don't like money from air (mining) in the usa..I think they will tag
this as such if you move it....sell it...or whatever..the 2013 IRS guidelines were released 10 days before the tax deadline in 2013....so
I am cautious..(The IRS no like us much me thinks)

why I'm on the fence or my strategy at this time

in a stock split, you are not gifted "free money"
 and BCC was NOT free money... someone bid the price up to give it that value. A stock divided the amount of shares by the same amount the price is multiplied by... no wealth is gained. Same thing happened with BCC.

Reason it feels like you made money (is because you did) is the moment it released it was pumped from $15 to $1500. Someone gave BCC its value and took value from the FOMO buyers above $1000 when they dumped.

It wasnt magic money t hough, someone pumped it. If that didn't happen it would be trading at $15 or whatever it opened at.

[empowering]

I strongly recommend you check your email addresses here https://haveibeenpwned.com/

711 million mega dump recently passwords and emails comprised .

Onliner Spambot (spam list): In August 2017, a spambot by the name of Onliner Spambot was identified by security researcher Benkow moʞuƎq. The malicious software contained a server-based component located on an IP address in the Netherlands which exposed a large number of files containing personal information. In total, there were 711 million unique email addresses, many of which were also accompanied by corresponding passwords. A full write-up on what data was found is in the blog post titled Inside the Massive 711 Million Record Onliner Spambot Dump.




 

I wonder if the hackers got my 2FA too? If you don't use 2FA on email.... i swear.

On everything - always

[Ibian]

I strongly recommend you check your email addresses here https://haveibeenpwned.com/

711 million mega dump recently passwords and emails comprised .

Onliner Spambot (spam list): In August 2017, a spambot by the name of Onliner Spambot was identified by security researcher Benkow moʞuƎq. The malicious software contained a server-based component located on an IP address in the Netherlands which exposed a large number of files containing personal information. In total, there were 711 million unique email addresses, many of which were also accompanied by corresponding passwords. A full write-up on what data was found is in the blog post titled Inside the Massive 711 Million Record Onliner Spambot Dump.




 

I wonder if the hackers got my 2FA too? If you don't use 2FA on email.... i swear.

On everything - always

The services that support it, anyway.

[Last of the V8s]

projected versus actual

GBTC update: great 2-day run. Current implied price is now $9,270 per Bitcoin.

[Last of the V8s]

https://bitcoin.tax/
@searing/others: a possibility?

[cmacwiz]

I was checking catamaran prices in croatia... looks like I am hodling for another goddamn 3 years. Why boats so expensive, such a waste of money --but I still want one