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

[vroom]

amazing you said that...  I've been having 100% of my paycheck taken out in taxes since september in order to cover capital gains taxes this year  

Hot tip: consider making an in-kind donation of BTC to your favorite charity.

In-kind donations give you the usual deduction, but also don't count as a capital gain (b/c you never sold or traded it - just gave it away).

This means if you have, say, 10BTC you want to liquidate, you can sell 5BTC and donate 5BTC, and the deductions from the donated part will cancel out the tax burden of the sold part.

(Of course it's a little more complicated than that due to the IRS's reporting requirements for in-kind donations of weird stuff. IANACPA, talk to yours, etc.)

pro tip: don't forget to create your own charity where you can donate to!

[lightfoot]

Ok. Going back to sleep, will go to work in a few hours for lulz.

Wouldn't it be weird to work just to pay the taxes on all your bitcoin profits?

amazing you said that...  I've been having 100% of my paycheck taken out in taxes since september in order to cover capital gains taxes this year  

Sigg

That's what I'm thinking. Technically I don't have to pay CG taxes in advance since I didn't owe and got refund last year. This year may be a bit different, but what I need to do now is have my last 4 paychecks go 100% into my 401k to try and cut back on the AGI. And fund up my SEP-IRA from the business profits.

Going to be a long 4 months to figure out taxes.

[lightfoot]

pro tip: don't forget to create your own charity where you can donate to!

I was thinking that: In a few years maybe I'll commission the building of a museum of the Hollow Earth in DC next to the Museum of the Bible.

1492: Columbus proved the Earth is round
2020: Lightfoot proved the Earth is HOLLOW!

[Qoheleth]

pro tip: don't forget to create your own charity where you can donate to!

I mean, that's not a bad idea, so long as you steer clear of self-dealing.

[True Myth]

I took a lunch break today and thought maybe I'd look to the ancient Chinese Fortune Cookie Gods for direction.



Seems legit.

[itod]

I found more upcoming forks. here is a list of coming forks I know of:

Nov 25, 2017 - Bitcoin Diamond (#BTD)
Dec 17, 2017 - Super Bitcoin (#SBTC)
Jan 2, 2018 - Bitcoin Cash Plus (#BCP)
Jan 28, 2018 - B2X reattempt by the community (#B2X)

I like Bitcoin Cash Plus 

C'mon folks, aim high - let's fork "Bitcoin Cash Gold"! Satoshi Vision! Who's with me to fork it and pump it above the that ShitCash?

[bitcoinPsycho]

I found more upcoming forks. here is a list of coming forks I know of:

Nov 25, 2017 - Bitcoin Diamond (#BTD)
Dec 17, 2017 - Super Bitcoin (#SBTC)
Jan 2, 2018 - Bitcoin Cash Plus (#BCP)
Jan 28, 2018 - B2X reattempt by the community (#B2X)

I like Bitcoin Cash Plus 

C'mon folks, aim high - let's fork "Bitcoin Cash Gold"! Satoshi Vision! Who's with me to fork it and pump it above the that ShitCash?

I'm in

[Ludwig Von]

amazing you said that...  I've been having 100% of my paycheck taken out in taxes since september in order to cover capital gains taxes this year  

Hot tip: consider making an in-kind donation of BTC to your favorite charity.

In-kind donations give you the usual deduction, but also don't count as a capital gain (b/c you never sold or traded it - just gave it away).

This means if you have, say, 10BTC you want to liquidate, you can sell 5BTC and donate 5BTC, and the deductions from the donated part will cancel out the tax burden of the sold part.

(Of course it's a little more complicated than that due to the IRS's reporting requirements for in-kind donations of weird stuff. IANACPA, talk to yours, etc.)

pro tip: don't forget to create your own charity where you can donate to!

Sounds familiar, the Soros charity, Bill &Melinda, Buffett etcetera... .

[conspirosphere.tk]

I found more upcoming forks. here is a list of coming forks I know of:

Nov 25, 2017 - Bitcoin Diamond (#BTD)
Dec 17, 2017 - Super Bitcoin (#SBTC)
Jan 2, 2018 - Bitcoin Cash Plus (#BCP)
Jan 28, 2018 - B2X reattempt by the community (#B2X)

I like Bitcoin Cash Plus 

C'mon folks, aim high - let's fork "Bitcoin Cash Gold"! Satoshi Vision! Who's with me to fork it and pump it above the that ShitCash?

I'm in

For something different I would try Bitcoin Tethers: supposedly full-reserve non-redeemable bitcoin as-ifs pegged 1:1.

[itod]

I found more upcoming forks. here is a list of coming forks I know of:

Nov 25, 2017 - Bitcoin Diamond (#BTD)
Dec 17, 2017 - Super Bitcoin (#SBTC)
Jan 2, 2018 - Bitcoin Cash Plus (#BCP)
Jan 28, 2018 - B2X reattempt by the community (#B2X)

I like Bitcoin Cash Plus 

C'mon folks, aim high - let's fork "Bitcoin Cash Gold"! Satoshi Vision! Who's with me to fork it and pump it above the that ShitCash?

I'm in

For something different I would try Bitcoin Tethers: supposedly full-reserve non-redeemable bitcoin as-ifs pegged 1:1.

How come nobody thought of that!

[Meuh6879]

Source : http://www.zerohedge.com/news/2017-11-26/satoshi-secrets-why-nearly-4-million-bitcoins-are-lost-forever

Note the numbers above are based on the high estimate, and that the low estimate, which is based on only a 30% loss in “hodler” coins, puts the number of lost bitcoins at 2,767,468. Also, both estimates make a critical assumption that coins belonging to bitcoin’s inventor, Satoshi, are gone for good (more on that below).

[Rosewater Foundation]

I'm not sleeping until 10k. No bowel movements either.

I have to admit, this is becoming slightly uncomfortable. Hurry!

[flynn]

I found more upcoming forks. here is a list of coming forks I know of:

Nov 25, 2017 - Bitcoin Diamond (#BTD)
Dec 17, 2017 - Super Bitcoin (#SBTC)
Jan 2, 2018 - Bitcoin Cash Plus (#BCP)
Jan 28, 2018 - B2X reattempt by the community (#B2X)

I like Bitcoin Cash Plus 

Beware the Diamond one tho ... the scam fragrances are strong with that one : https://bitcointalk.org/index.php?topic=2471738.0

[Colonel Panic]

Is the only way to get your Bitcoin Gold to use Coinomi. Is there not a web wallet like Electron Cash but for Mac?

You can use an Android emulator for Mac called BlueStacks. It's free and looks like a Galaxy 5 (I think) to the world of apps. It downloads and runs Coinomi just fine.

Move your real bitcoin, type the private key into "sweep" and you're done.

[Rosewater Foundation]

Is the only way to get your Bitcoin Gold to use Coinomi. Is there not a web wallet like Electron Cash but for Mac?

You can use an Android emulator for Mac called BlueStacks. It's free and looks like a Galaxy 5 (I think) to the world of apps. It downloads and runs Coinomi just fine.

Move your real bitcoin, type the private key into "sweep" and you're done.

Not the best time to sell, I should think.

[600watt]

I found more upcoming forks. here is a list of coming forks I know of:

Nov 25, 2017 - Bitcoin Diamond (#BTD)
Dec 17, 2017 - Super Bitcoin (#SBTC)
Jan 2, 2018 - Bitcoin Cash Plus (#BCP)
Jan 28, 2018 - B2X reattempt by the community (#B2X)

I like Bitcoin Cash Plus  

C'mon folks, aim high - let's fork "Bitcoin Cash Gold"! Satoshi Vision! Who's with me to fork it and pump it above the that ShitCash?

I'm in

For something different I would try Bitcoin Tethers: supposedly full-reserve non-redeemable bitcoin as-ifs pegged 1:1.

How come nobody thought of that!

i will buy some mining rig (oh wait, there is still my BFL order that was supposed to be shipped in two weeks^TM) and then I will fork BTL.
no, BTL stands for BITCOIN LAMBO. and hell, yeah I will peg it to one lambo per coin. of course it will be not an old fashioned proof-of-work but proof-of-speed coin.

[itod]

I found more upcoming forks. here is a list of coming forks I know of:

Nov 25, 2017 - Bitcoin Diamond (#BTD)
Dec 17, 2017 - Super Bitcoin (#SBTC)
Jan 2, 2018 - Bitcoin Cash Plus (#BCP)
Jan 28, 2018 - B2X reattempt by the community (#B2X)

I like Bitcoin Cash Plus  

C'mon folks, aim high - let's fork "Bitcoin Cash Gold"! Satoshi Vision! Who's with me to fork it and pump it above the that ShitCash?

I'm in

For something different I would try Bitcoin Tethers: supposedly full-reserve non-redeemable bitcoin as-ifs pegged 1:1.

How come nobody thought of that!

i will buy some mining rig (oh wait, there is still my BFL order that was supposed to be shipped in two weeks^TM) and then I will fork BTL.
no, BTL stands for BITCOIN LAMBO. and hell, yeah I will peg it to one lambo per coin. of course it will be not an old fashioned proof-of-work but proof-of-speed coin.

I have to admit having some doubts "Bitcoin Cash Gold" is not catchy enough in these fork times. Would "Bitcoin Cash Gold Diamond Lambo" cut it?

[julian071]

I found more upcoming forks. here is a list of coming forks I know of:

Nov 25, 2017 - Bitcoin Diamond (#BTD)
Dec 17, 2017 - Super Bitcoin (#SBTC)
Jan 2, 2018 - Bitcoin Cash Plus (#BCP)
Jan 28, 2018 - B2X reattempt by the community (#B2X)

I like Bitcoin Cash Plus  

C'mon folks, aim high - let's fork "Bitcoin Cash Gold"! Satoshi Vision! Who's with me to fork it and pump it above the that ShitCash?

I'm in

For something different I would try Bitcoin Tethers: supposedly full-reserve non-redeemable bitcoin as-ifs pegged 1:1.

How come nobody thought of that!

i will buy some mining rig (oh wait, there is still my BFL order that was supposed to be shipped in two weeks^TM) and then I will fork BTL.
no, BTL stands for BITCOIN LAMBO. and hell, yeah I will peg it to one lambo per coin. of course it will be not an old fashioned proof-of-work but proof-of-speed coin.

Great idea. You will have to get a lot of Lambo's.

[Lopumbo]

I usually buy bitcoin in little bags and sell the bags when i make enough profit out of them
I just noticed that this is nonsense since Bitcoin doesnt fall in price for more than 24h anymore

hell my stocks are more volatile than this

starting to invest my money in more safe assets: bitcoin  

[yefi]

Not the best time to sell, I should think.

I dunno, I dumped it. Dev team can't even secure their Github.

Perhaps with everyone waiting for a pump, there simply won't be one this time?