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

[julian071]

OMG. Apparently every time you move a BTC off Coinbase to your wallet, that counts as a sell event.

God Fucking Damnit !

right?

these dinosaur nation states are so far behind the technology it really is laughable, just keep it in crypto and wait them out, this empire is near it's sell by date

Just move to Amsterdam. No taxes on gains whatsoever, only 1.2% on the value of what you own at the end of the year. Buy me a beer when you do Bob.

Are you serious? I've been looking for something like that. Canada with its 12.5% for the highest gainers was already very appealing to me, but the ridiculously strict immigration laws and the (at least apparent) amount of SJWs has been putting me off. Some US states looked appealing as well with around 20% for long-term hodls, but all the bullshitting with net neutrality and whatnot doesn't make that country very appealing either (I love the drama, but only from a distance..).

What does immigration to the Netherlands look like and how easy is it to declare your net worth?

I am serious. However immigrating is not that easy, even though Holland is very welcoming. Most importantly, the country you move from will generally want to settle all outstanding stuff including e.g. pensions in one full swoop. How that would work out you would have to check locally.

As I understand, in Belgium you actually pay exactly 0%. Plus it has better food and wine.

However Holland is slightly more internationally orientated and better organised. Whether you like the culture more is a question of taste. The Belgians are more polite, the Dutch are more straight forward and open minded.

Edit: sorry, to answer your question, or rather not answer it, I don't know how the procedure works. Of course, bringing a lot of money with you makes things easier. Declaring your net worth seems a question of just doing so I presume.  

Edit2: looks easy: https://www.wikihow.com/Move-to-the-Netherlands

The Netherlands would be simpler for me from a language perspective than Belgium. I also don't mind the liberal stance towards substances to say the least and I already know that there is some good and authentic Japanese cuisine in Amsterdam, which is generally quite rare abroad, so that's a massive bonus for me as I'd prefer not having to fly across the globe to satisfy some food cravings.

I've looked into it a bit too now, and it seems like getting into the Netherlands would be as simple as walking right in for me, unlike Canada. Seriously considering it, even if just for a short to mid term kind of stay. Anything is better than having to twist and bend to comply with tax laws without paying a ridiculous ~40% on gains for now.

Thanks a lot for bringing this to my attention by the way.

Well if you ever want to be shown around, give me a shout.

[marcus_of_augustus]

Bearstamp leading the charge back to 10K == bullish.

Countries that do _not_ have capital gains taxes; Switzerland, Seychelles, Hong Kong, Singapore, New Zealand, British Virgin Islands (other Carribean sweat holes too many to remember), Panama, ... i.e. there's quite a few if you do your research.

If exporting crypto from Coinbase to local wallet is considered a taxable event how much is a cross-chain atomic swap going to blow their tiny minds?

Dinosaurs, meteorites, asteroids, etc ... they should just run before they get smashed by a ball of fire impacting on their stupidity, exploding their evil, naked greed and lust for the wealth of others.

[strawbs]

That's interesting. I would not have thought trading directly between cryptos would be a taxable event. That would be a real tax nightmare for many of us.

This is from UK focused stuff, so it may not apply to anywhere else. But the UK has done very little to clarify anything.

https://www.reddit.com/r/BitcoinUK/comments/7fllvv/filling_in_cgt_form/

This geezer has written at length about it https://www.reddit.com/user/krissaroth

For UK, have you seen this: https://www.gov.uk/government/publications/revenue-and-customs-brief-9-2014-bitcoin-and-other-cryptocurrencies/revenue-and-customs-brief-9-2014-bitcoin-and-other-cryptocurrencies

My hope is that I can get away with defining my trades as gambling, which means zero tax.  I'm about to take professional advice though, in a couple of weeks from now. I can keep you informed if you like?

[BTCMILLIONAIRE]

OMG. Apparently every time you move a BTC off Coinbase to your wallet, that counts as a sell event.

God Fucking Damnit !

right?

these dinosaur nation states are so far behind the technology it really is laughable, just keep it in crypto and wait them out, this empire is near it's sell by date

Just move to Amsterdam. No taxes on gains whatsoever, only 1.2% on the value of what you own at the end of the year. Buy me a beer when you do Bob.

Are you serious? I've been looking for something like that. Canada with its 12.5% for the highest gainers was already very appealing to me, but the ridiculously strict immigration laws and the (at least apparent) amount of SJWs has been putting me off. Some US states looked appealing as well with around 20% for long-term hodls, but all the bullshitting with net neutrality and whatnot doesn't make that country very appealing either (I love the drama, but only from a distance..).

What does immigration to the Netherlands look like and how easy is it to declare your net worth?

I am serious. However immigrating is not that easy, even though Holland is very welcoming. Most importantly, the country you move from will generally want to settle all outstanding stuff including e.g. pensions in one full swoop. How that would work out you would have to check locally.

As I understand, in Belgium you actually pay exactly 0%. Plus it has better food and wine.

However Holland is slightly more internationally orientated and better organised. Whether you like the culture more is a question of taste. The Belgians are more polite, the Dutch are more straight forward and open minded.

Edit: sorry, to answer your question, or rather not answer it, I don't know how the procedure works. Of course, bringing a lot of money with you makes things easier. Declaring your net worth seems a question of just doing so I presume.  

Edit2: looks easy: https://www.wikihow.com/Move-to-the-Netherlands

The Netherlands would be simpler for me from a language perspective than Belgium. I also don't mind the liberal stance towards substances to say the least and I already know that there is some good and authentic Japanese cuisine in Amsterdam, which is generally quite rare abroad, so that's a massive bonus for me as I'd prefer not having to fly across the globe to satisfy some food cravings.

I've looked into it a bit too now, and it seems like getting into the Netherlands would be as simple as walking right in for me, unlike Canada. Seriously considering it, even if just for a short to mid term kind of stay. Anything is better than having to twist and bend to comply with tax laws without paying a ridiculous ~40% on gains for now.

Thanks a lot for bringing this to my attention by the way.

Well if you ever want to be shown around, give me a shout.

Will take you up on that offer if I don't forget about it. Still locked up over here until Q4 2018 though.

[gentlemand]

For UK, have you seen this: https://www.gov.uk/government/publications/revenue-and-customs-brief-9-2014-bitcoin-and-other-cryptocurrencies/revenue-and-customs-brief-9-2014-bitcoin-and-other-cryptocurrencies

My hope is that I can get away with defining my trades as gambling, which means zero tax.  I'm about to take professional advice though, in a couple of weeks from now. I can keep you informed if you like?

I have indeed but judging by all the discussion about it it's left a huge amount open to interpretation which isn't much use to anyone. It almost seems to be done on a case by case basis in which case I don't really get why they haven't done something clearer.

The common advice seems to be do what your accountant tells you to do and hope for the best.

[harrymmmm]

Sorry if this was mentioned already. I'm too lazy to check.

It seems bitcoin was the subject at the presidential briefing yesterday. Sarah Sanders sez the president (and some advisors she named) were 'monitoring' it.

@15:00
https://www.youtube.com/watch?v=qzskJmAHyck

Not sure if this is before or after the bitcoin Big Bang Theory episode.

[Ibian]

I think I figured out why Denmark doesn't tax bitcoin. In the states you all have to do your taxes manually right? Well here it's done for us, we just have to report anything they missed (which is rare for most of us). They even return excess taxes automatically every year.

I reckon they just didn't want the massive headache it would have caused.

[gentlemand]

Sorry if this was mentioned already. I'm too lazy to check.

It seems bitcoin was the subject at the presidential briefing yesterday. Sarah Sanders sez the president (and some advisors she named) were 'monitoring' it.

@15:00
https://www.youtube.com/watch?v=qzskJmAHyck

Not sure if this is before or after the bitcoin Big Bang Theory episode.

This means that tomorrow Donald will order the execution of Satoshi, and you.

The following morning someone with real power will announce you can pay your taxes with it.

[julian071]

Sorry if this was mentioned already. I'm too lazy to check.

It seems bitcoin was the subject at the presidential briefing yesterday. Sarah Sanders sez the president (and some advisors she named) were 'monitoring' it.

@15:00
https://www.youtube.com/watch?v=qzskJmAHyck

Not sure if this is before or after the bitcoin Big Bang Theory episode.

Ah fuck that journalist. Bringing it to the attention of that big Umpa Lumpa can never result in anything good.

[marcus_of_augustus]

Sorry if this was mentioned already. I'm too lazy to check.

It seems bitcoin was the subject at the presidential briefing yesterday. Sarah Sanders sez the president (and some advisors she named) were 'monitoring' it.

@15:00
https://www.youtube.com/watch?v=qzskJmAHyck

Not sure if this is before or after the bitcoin Big Bang Theory episode.

@TheRealDonaldTrump is tweeting "We are monitoring bitcoin" ... time to take some profits

[pfrtlpfmpf]

The law in the US is a bit fucked up, but basically bitcoin is treated like an equity, such as a stock, for tax purposes.

You don't pay taxes until you sell BTC for fiat currency, or trade it for hard assets, like lambos and mansions.

A bit ? ?

[Lionidas]

Bitfinex what?

I don't think they will find anything with Roger Ver had anything to do with the Tether mass exodus into a wallet.

[Rosewater Foundation]

Sorry if this was mentioned already. I'm too lazy to check.

It seems bitcoin was the subject at the presidential briefing yesterday. Sarah Sanders sez the president (and some advisors she named) were 'monitoring' it.

@15:00
https://www.youtube.com/watch?v=qzskJmAHyck

Not sure if this is before or after the bitcoin Big Bang Theory episode.

@TheRealDonaldTrump is tweeting "We are monitoring bitcoin" ... time to take some profits

sheeeiiit.

[Ibian]

Trump is one of us. Don't worry too much.

[pfrtlpfmpf]

The law in the US is a bit fucked up, but basically bitcoin is treated like an equity, such as a stock, for tax purposes.

You don't pay taxes until you sell BTC for fiat currency, or trade it for hard assets, like lambos and mansions.

I've often seen accountant types reckon that trading a crypto for another crypto is realising a gain and thus taxable.

As it's not possible to trade a share for another share, you have to turn it into USD first, there's not much of a precedent elsewhere so I've never been too sure about this.

So, basically, i need 2 professions. One that makes me money, and one that helps me to avoid loosing everything from the first one. In a nutshell.
And when i have some time left over, i get to attend to my life. You americans are really fucked. I feel sorry for you !

[Rosewater Foundation]

I don't like how the world is talking about us. Makes me nervous.  

[xhomerx10]

The law in the US is a bit fucked up, but basically bitcoin is treated like an equity, such as a stock, for tax purposes.

You don't pay taxes until you sell BTC for fiat currency, or trade it for hard assets, like lambos and mansions.

I've often seen accountant types reckon that trading a crypto for another crypto is realising a gain and thus taxable.

As it's not possible to trade a share for another share, you have to turn it into USD first, there's not much of a precedent elsewhere so I've never been too sure about this.

So, basically, i need 2 professions. One that makes me money, and one that helps me to avoid loosing everything from the first one. In a nutshell.
And when i have some time left over, i get to attend to my life. You americans are really fucked. I feel sorry for you !

 Yup!  America: The Land of Productivity.
"The Family and Medical Leave Act of 1993 (FMLA) requires 12 weeks of unpaid leave annually for mothers of newborn or newly adopted children. This is one of the lowest levels of leave in the industrialized world."
~ Wikipedia

[Spaceman_Spiff_Original]

I take it the rate of new accounts at the exchanges has tapered off now too right?

You are guessing, or you have info about this?

[RoomBot]

D@MN !  BTC shot up from @9.800 to 10,400 in < 20 mins~!

Back down to $10,200



GO BTC GO!

[RoomBot]

I take it the rate of new accounts at the exchanges has tapered off now too right?

You are guessing, or you have info about this?

No.....CoinBase is growing too fast for its own britches.  Obviously.