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

[Elwar]

So...just got an estimate from my accountant for my taxes (going back 2 years to clear up any past transactions I made as well as figuring out how to declare stuff on Bitfinex (shorts, margin lending, BCH, expat stuff, etc.). Initial estimate came to about $50k.

That's a lot higher than the $150 I usually pay for TurboTax.

Anyone have a decent accountant that understands Bitcoin? Strangely enough she owns bitcoin and accepts bitcoin but needed 60 hours for "Legal Research, Analysis, Opinion various BTC Issues" at over $400/hour.

[conspirosphere.tk]

Hmm.. might want to set some low buy orders just in case  

https://blockchain.info/address/14KsG6hxkM3cGGC4DvyEdf8uytoE7x9WRQ

no, the whales are going long:



edit: no, more undecided.

[sirazimuth]

[RejectedBanana]

Wow. Last few days have been like a hurricane. It's flying everywhere.
I decided to increase my BTC stash and bought in when it was around $7000.
Sold my BCH for BTC when it was aroudn $600.
Now I am confused. I will admit that I clearly do not understand what to do.
Should I hodl the BTC I bought @7000 or should I exchange it for an alt or BCH.
I need help.

Beautiful, just amazing how people lose their mind when they become greedy . Enjoy the dumpfest you deserve it

I need help.

No one can help you except yourself ,just NEVER buy at the top.. NEVER

I made lots of the best investments while buying exactly at the top.

Buying Bitcoin at 50$ was at that time exactly that, the top. Buying Ethereum at 1$ was at that time exactly that, the top. And so on and on and on...

Not buying at the top is basically the worst advice you can give someone in such a market as the cryptomarket.

Hear! Hear! Always bet on winners. Might just have to wait a bit longer, but even those who bought and held at the Mt Gox top quintupled their value.

[Searing]

So...just got an estimate from my accountant for my taxes (going back 2 years to clear up any past transactions I made as well as figuring out how to declare stuff on Bitfinex (shorts, margin lending, BCH, expat stuff, etc.). Initial estimate came to about $50k.

That's a lot higher than the $150 I usually pay for TurboTax.

Anyone have a decent accountant that understands Bitcoin? Strangely enough she owns bitcoin and accepts bitcoin but needed 60 hours for "Legal Research, Analysis, Opinion various BTC Issues" at over $400/hour.

My cpa read the btc irs quidelines. Said btc is treated like land. Thus essentially I’m a farmer with surplus crops
and equip and elec deductions etc. also sq footage % of house at home biz angle

Took her 10 min to figure out. She also charges $60 an hour.

You got screwed

[monsanto]

Hmm.. might want to set some low buy orders just in case  

https://blockchain.info/address/14KsG6hxkM3cGGC4DvyEdf8uytoE7x9WRQ

no, the whales are going long:



edit: no, more undecided.

My fault. I meant to say very low buy orders... of the flash crash variety. Along those same lines, definitely don't want any stop loss orders out there.

[sirazimuth]

Wow. Last few days have been like a hurricane. It's flying everywhere.
I decided to increase my BTC stash and bought in when it was around $7000.
Sold my BCH for BTC when it was aroudn $600.
Now I am confused. I will admit that I clearly do not understand what to do.
Should I hodl the BTC I bought @7000 or should I exchange it for an alt or BCH.
I need help.

Beautiful, just amazing how people lose their mind when they become greedy . Enjoy the dumpfest you deserve it

I need help.

No one can help you except yourself ,just NEVER buy at the top.. NEVER

I made lots of the best investments while buying exactly at the top.




Buying Bitcoin at 50$ was at that time exactly that, the top. Buying Ethereum at 1$ was at that time exactly that, the top. And so on and on and on...

Not buying at the top is basically the worst advice you can give someone in such a market as the cryptomarket.

Hear! Hear! Always bet on winners. Might just have to wait a bit longer, but even those who bought and held at the Mt Gox top quintupled their value.

well yeah... that is as long as they didn't actually have it at Gox when it shat the bed....

[RejectedBanana]

Wow. Last few days have been like a hurricane. It's flying everywhere.
I decided to increase my BTC stash and bought in when it was around $7000.
Sold my BCH for BTC when it was aroudn $600.
Now I am confused. I will admit that I clearly do not understand what to do.
Should I hodl the BTC I bought @7000 or should I exchange it for an alt or BCH.
I need help.

Beautiful, just amazing how people lose their mind when they become greedy . Enjoy the dumpfest you deserve it

I need help.

No one can help you except yourself ,just NEVER buy at the top.. NEVER

I made lots of the best investments while buying exactly at the top.




Buying Bitcoin at 50$ was at that time exactly that, the top. Buying Ethereum at 1$ was at that time exactly that, the top. And so on and on and on...

Not buying at the top is basically the worst advice you can give someone in such a market as the cryptomarket.

Hear! Hear! Always bet on winners. Might just have to wait a bit longer, but even those who bought and held at the Mt Gox top quintupled their value.

well yeah... that is as long as they didn't actually have it at Gox when it shit the bed....

True that but that goes for ANY exchange.

You don't own Bitcoin if you don't own your private keys.

[Gab0]

Serious question. Core currently has some development in mind to lower transaction fees and keep the mempool clear? make bitcoin more resistant to spam attacks?

_______________________________________________________________________________ ______________________

I want to send someone $200 in bitcoin....what fee would ensure it happens inside 24 hours?

The fastest and cheapest transaction fee is currently 950 satoshis/byte, shown in green at the top.
For the median transaction size of 226 bytes, this results in a fee of 214,700 satoshis.

https://bitcoinfees.earn.com/
Probably an overestimation. Just wait until the hashrate is back up as it should be.

It is not an over estimate. I made a transaction with a fee of $ 8 (129,217 satoshis), and after 6 hours it can not be confirmed.

_______________________________________________________________________________ ________________________

Just a little reminder about what Bitcoin was originally planned to be:

https://bitcointalk.org/index.php?topic=532.msg6306#msg6306

And then think again which of the lately numerous Bitcoin-versions comes closest to this vision and therefore would rightly deserve to call itself "Bitcoin".

Hint. It may eventually not be the version you are prefering.

Thank you very much for that "reminder". It is always very interesting to reread what Satoshi thought about his long term perspective in the development of bitcoin.

[becoin]

It is not an over estimate. I made a transaction with a fee of $ 8 (129,217 satoshis), and after 6 hours it can not be confirmed.

But but but why would you use Bitcoin if you can use Bitcoin Cash? It is so fast, block is mined every minute and tx is almost free.

[European Central Bank]

Serious question. Core currently has some development in mind to lower transaction fees and keep the mempool clear? make bitcoin more resistant to spam attacks?

ask the guy who's paying your wages to go easy on the spamming.

[matt4054]

Buying at $7.5k is not even an issue. It's probably going over $10k by the end of the year, or some time in 2018. Nowadays it's actually much easier to make a huge profit in the long run than a quick profit by day trading...

As for the fees, Segwit2x will probably be a required fork for the "mainstream" Bitcoin, since Segwit alone failed to address the problem in the short term.

[Last of the V8s]

https://www.bitcoincash.org/letter-from-the-ceo.pdf
OFFICIAL STATEMENT
COMMUNIQUÉ OFFICIE

[BlindMayorBitcorn]

Serious question. Core currently has some development in mind to lower transaction fees and keep the mempool clear? make bitcoin more resistant to spam attacks?

ask the guy who's paying your wages to go easy on the spamming.

Two-faced devil.

[BlindMayorBitcorn]

[conspirosphere.tk]

https://www.bitcoincash.org/letter-from-the-ceo.pdf
OFFICIAL STATEMENT
COMMUNIQUÉ OFFICIE
https://i.imgur.com/cnheKaN.png

It has Gavin's endorsement, so it must be for real:

[becoin]

As for the fees, Segwit2x will probably be a required fork for the "mainstream" Bitcoin, since Segwit alone failed to address the problem in the short term.

The "problem" with the fees will never be solved whatever we do. There will always be people that will say fees are too high. Segwit2x will fail to address the problem and Segwit4x will be required. Then Segwit8x wil be required and so on. This is why I don't see any problem with the fees. If you can't afford those fees just use fiat banking. Bitcoin is for people that do value their money, financial freedom and privacy.

[itod]

I'm going to go out on a limb and say we'll see the largest sell wall in bitcoin history today.

I'm trying to remember some of the past giant sell walls in BTC history. One that stands out in my memory is the one at 300 when the guy cashed out.. I think it was around 30k BTC IIRC.  Of course, that could be dwarfed today in terms of USD value. And I have a feeling it will be soon.  Although this time there's a good chance it's only flashed. Be safe out there folks  

I've witnessed how 32K BTC sell wall on Bitstamp was eaten in a few hours. It was 3 years ago, if I remember correctly, this 25K Ver selling through 2 days is a joke.

[Torque]

https://www.bitcoincash.org/letter-from-the-ceo.pdf
OFFICIAL STATEMENT
COMMUNIQUÉ OFFICIE

That entire pdf is the biggest load of crap I've ever seen. It sounds like it was written by a 3rd grader. And there's a lot of "We the Management will manage things better for you" garbage rhetoric. So centralized management will decide what's best for the lowly masses. Got it.

[Last of the V8s]

It has Gavin's endorsement, so it must be for real:

wait it's not pastiche?

but... but it's all so laughable