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

[sirazimuth]

[lightfoot]

Note: I'm still thinking about the stupid BCH airdrop. Is that a taxable event when you claim it, or can you add the value to the basis value of the bitcoin you convert it into then pay the taxes when you cash the bitcoin for fiat or other valuable prizes?

[bitcoinPsycho]

Note: I'm still thinking about the stupid BCH airdrop. Is that a taxable event when you claim it, or can you add the value to the basis value of the bitcoin you convert it into then pay the taxes when you cash the bitcoin for fiat or other valuable prizes?

hide it

[gembitz]

"invest"    bwaahaha

[Rosewater Foundation]

Yeah, I really wish the world would stop talking about us.

[lightfoot]

Note: I'm still thinking about the stupid BCH airdrop. Is that a taxable event when you claim it, or can you add the value to the basis value of the bitcoin you convert it into then pay the taxes when you cash the bitcoin for fiat or other valuable prizes?

hide it

Impossible. The simplest review will show your account had coins in it before the split, and a simple check of the BCH chain will show where those coins went. If you're in control of those coins, well where did they go?

Remember, it's not waterboarding if you use diesel.

[babanana]

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

Back down to $10,200



GO BTC GO!

Shaking and baking. They are shaking holders to sell at this level.  Be careful and hold. Don't mind the figures.
I advise everyone to hold. HODL.

[gembitz]

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

Back down to $10,200



GO BTC GO!

Shaking and baking. They are shaking holders to sell at this level.  Be careful and hold. Don't mind the figures.
I advise everyone to hold. HODL.

stop selling at the top! :\ hodl foreverrrrrrrr

[BTCMILLIONAIRE]

Are closed altcoin profits in btc a realized gain? That wouldn't be fair because if I hold them indefinitely they will inevitably be worth 0 and uncle Sam isn't going to reimburse me.

If you trade any of your cryptos for crypto, fiat, or even goods, you're creating a taxable event on which you get a tax break in the case of losses and a tax bill in the case of gains. Doesn't really matter if it's Bitcoin, an altcoins or any other asset.

Apparently there are like-kind exchanges in the US which allow tax deferals, but I'm not at all familiar with how those work. If you could just flip BTCs and alts and defer taxes indefinitely that would be a pretty major thing.

I don't see how moving BTC to another wallet creates a tax event.

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.

Moving it to another wallet doesn't, at least not where I live. In the US and in the special case of Coinbase this seems to be a different story though...

Edit: I gave up fixing this posts formatting. The bold is my response.

[gembitz]

QUESTION ==>

WHY DOES https://bitcoinwisdom.com/ NOT REMOVE DEAD TICKERS? :\

[Arriemoller]

Stiglitz gives the Noble price such a bad name. Not only because of these dinosaur remarks on Bitcoin but als his quest to abolish cash. The man sounds like a total aparatsjik.

The Swiss National Bank gave the Nobel prize a bad name, I think is the truth. If he weren't a skeleton, poor old Alfred would be turning in his grave.

Some guy on Reddit lost a bet that BTC wouldn't hit $10K and said he would eat his left nut...

Apparently he did it

https://www.reddit.com/r/Bitcoin/comments/7gjdah/me_calaber24p_eating_my_left_nut/

Too scared to watch...

It's a rickroll. Who'd cut off their ball for a bet?

What does the Swiss national bank have to do with the Swedish Nobel prize?

[rolling]

QUESTION ==>

WHY DOES https://bitcoinwisdom.com/ NOT REMOVE DEAD TICKERS? :\

They obviously don't make any money from the site so they have abandoned it.

[lightfoot]

Maybe but it's still a really good site. Maybe we can throw money at them to fix it up.

[UltraMegaSick]

Price about to reach again it's best price ? Going up to 11k

[smartcomet]

Update from our friend, Masterluc: https://vk.com/bitcoin_vanga

Rough Translation: Do you want to ask if this is the end? The Spirits tell me that the end is far away. Test 10k. Pokolbasitsya (?) near this round mark IMHO.



It appears he thinks the short-term bottom is in...and $100K by next year confirmed.

nice analysis.

@BitfuryGeorge
5 Steps of Smart Crypto Investing :
1) Evaluate Your Risk Aversion Level
2) Set Aside 1-10% of your Net Worth
3) Invest in 4-5 Top Protocols (Remember Bitcoin is King)
4) Dont Touch the Account for 5 years
5) Do something good with your profits!

[yefi]

What does the Swiss national bank have to do with the Swedish Nobel prize?

The fuck, I just got pwned. Yeah, Swedes and Swiss, there may be a minor geographical separation

[Rosewater Foundation]

[BTCMILLIONAIRE]

Needs shorter sentences and more redundancy.

[BTCMILLIONAIRE]

Update from our friend, Masterluc: https://vk.com/bitcoin_vanga

Rough Translation: Do you want to ask if this is the end? The Spirits tell me that the end is far away. Test 10k. Pokolbasitsya (?) near this round mark IMHO.



It appears he thinks the short-term bottom is in...and $100K by next year confirmed.

nice analysis.

@BitfuryGeorge
5 Steps of Smart Crypto Investing :
1) Evaluate Your Risk Aversion Level
2) Set Aside 1-10% of your Net Worth
3) Invest in 4-5 Top Protocols (Remember Bitcoin is King)
4) Dont Touch the Account for 5 years
5) Do something good with your profits!

Students and other young folks should really just go all in if they don't mind hustling around for a bit. They've got plenty of time to cover any potential losses anyways and don't earn jackshit which makes worrying about losses kind of moot.

[jojo69]

QUESTION ==>

WHY DOES https://bitcoinwisdom.com/ NOT REMOVE DEAD TICKERS? :\

wisdom has been abandoned for months, site is on autopilot

thread here https://bitcointalk.org/index.php?topic=190722.2940;topicseen