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

[infofront]

I have no desire to see my fellow bitcoiners in the nude, no.

You sure?

[Last of the V8s]

A good point; a well-crafted thesis. I concede.

[jbreher]

I bought my first coins for $68CAD each.

My first were about a buck US. My all-in cost for all my Bitcoin holdings -- after what I lost to scams and such -- is about $20.00 per.

Bitcoin has been berry berry good to me. 

Aye.

[Lauda]

Yeah it's all good for most of us but it probably takes something a bit more volatile to excite now. Maybe powering past $5000 will bring the train & rocket gifs out again

I don't want volatility. We've had plenty of that not long ago. The first *exciting* movement will be hitting $5k for the first time on Bitstamp. Then I'll probably be bored until $7.5k.

Do I have to pay capital gains if I buy shit with my BTC? Like gold, or magic cards, or factory sealed og pepsi clear?

It depends where you are located at, however the likely answer is no. You're just using a currency that went up in value. You don't pay capital tax on shitty fiat when you use it either.

[gentlemand]

You sure?

Where are their penises?

[jbreher]

The story is that he lost 700000 XMR worth about 20500 XBT on his Apple laptop. I am not a fan of Apple and its EULA's but this has to be a record for a click on "I agree".

wtf has apple to do with it?

Probably nothing. As I recall, he had a bunch of people over and overlooked the most basic aspects of physical security. Then again, I may be misrememberating.

[gembitz]

His laptop was hacked.

Paper wallets FTW.

That is the story, that you tell to your tax authorities.. 

Tax authorities?

When the time comes to sell, capital gains are easy to determine from the price at time of acquisition as recorded on the blockchain.
 

$5000 now ~ sell chicken coup buy BTC     weeeee

[jbreher]

Do I have to pay capital gains if I buy shit with my BTC? Like gold, or magic cards, or factory sealed og pepsi clear?

American? Yes. At least, that's what the law says.

[Ibian]

Do I have to pay capital gains if I buy shit with my BTC? Like gold, or magic cards, or factory sealed og pepsi clear?

It depends where you are located at, however the likely answer is no. You're just using a currency that went up in value. You don't pay capital tax on shitty fiat when you use it either.

Likely answer is yes. It's not about consistency or logic, just about how much money the taxman can get out of us.

[600watt]

ath ath ath ath ath

damned, it is hard to keep track. getting so used to it, that if there are three hours in a row with no new ath I start getting a depression.

 


edit: this is obscene. it takes 60 minutes and I make my exact initial investment. was there ever an asset one could buy where one would make his initial investment not in a year, not in a month, not even in a day, BUT IN A FUCKIN HOUR? those were my live savings ffs!

[cmacwiz]

Do I have to pay capital gains if I buy shit with my BTC? Like gold, or magic cards, or factory sealed og pepsi clear?

It depends where you are located at, however the likely answer is no. You're just using a currency that went up in value. You don't pay capital tax on shitty fiat when you use it either.

Likely answer is yes. It's not about consistency or logic, just about how much money the taxman can get out of us.

Or how much we can dodge the tax man b/c thats what rich people do.


IRS --> "A payment made using virtual currency is subject to information reporting to the same extent as any other payment made in property"

"When you sell your home, the capital gains on the sale are exempt from capital gains tax. Based on the Taxpayer Relief Act of 1997, if you are single, you will pay no capital gains tax on the first $250,000 you make when you sell your home"

So first quarter million is clean (married it's 1/2 mill)

EDIT: you can do this every 2 years, and the BTC has to be your primary residence lol

[Eric Cartman]

$5000 today?

[Lauda]

Likely answer is yes. It's not about consistency or logic, just about how much money the taxman can get out of us.

Good luck declaring capital gains every time you spend $20 BTC on food.

$5000 today?

$5000 in 1 hour?  

Bitstamp | Total bids: 44655552 USD. Total asks: 2047 BTC. Ratio: 21805.59522 USD/BTC. | Data vintage: 204.1099 seconds

[podyx]

[Meuh6879]

Battle for the 5K !

[cmacwiz]

C'mon, let's smash this mark. Let's start to tickle the adoption S-curve

[Dakustaking76]

Can someone Tell me for bitcoins sake!!!

Whats happening with the price  
Above $5000 Damn were going up! New ath on kraken And keeps going

[AZwarel]

Oh, another ATH...

Getting boring

[BlindMayorBitcorn]

Boooorrriing

[Last of the V8s]

btc today/btc yesterday