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

[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

[JayJuanGee]

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

Selling at the top would be good.  It is just nearly impossible to figure out when the top is.

The contrary is true, too.

Buying at the bottom would be good.  It is just nearly impossible to figure out when the bottom is.

We can develop our own personal buy/sell strategies that account for the built in uncertainties regarding peaks and valleys.

Am I stating the obvious?          Maybe you will understand if I throw in a:  "wwwwwweeeeeeee"  ?

[Heater]

Bcash is on track to drop below $1000 never to return again. Longer term I would like to see it below Litecoin market cap wise but the 'circulating supply' number they use is totally bogus. Very few people know how to claim their airdrop coins or never will.

It looks like good old Bitcoin is taking a breather to retest some support levels, but she will be back for new ATHs later in December. $8500-$8800 level in the next 24-48 hours wouldn't surprise me.

[mymenace]

mainstream news article

‘Make sure you’re closest to the exit’: Analysts say bitcoin could be heading back towards $US7000


BUY!!!

[gembitz]

Needs shorter sentences and more redundancy.

how did i miss that one! obviously he's satoshi and that explains why hes so busy can talk rite now  *thus~$1OO,OOO per bitcoin by summer 2018<<<

[gembitz]

Bcash is on track to drop below $1000 never to return again. Longer term I would like to see it below Litecoin market cap wise but the 'circulating supply' number they use is totally bogus. Very few people know how to claim their airdrop coins or never will.

It looks like good old Bitcoin is taking a breather to retest some support levels, but she will be back for new ATHs later in December. $8500-$8800 level in the next 24-48 hours wouldn't surprise me.

"B" with a BEE ~ rebranding underway  :-D beeeeeee

[Rosewater Foundation]

mainstream news article

‘Make sure you’re closest to the exit’: Analysts say bitcoin could be heading back towards $US7000


BUY!!!

Mainstream: https://www.cnbc.com/2017/11/27/bitcoin-could-easily-reach-40000-by-the-end-of-2018-novogratz.html

Not mainstream: http://trendzhub.org/business/435224-make-sure-youre-closest-to-the-exit-analysts-say-bitcoin-could-be-heading-back-towards-us7000.html

[gembitz]

mainstream news article

‘Make sure you’re closest to the exit’: Analysts say bitcoin could be heading back towards $US7000


BUY!!!

Mainstream: https://www.cnbc.com/2017/11/27/bitcoin-could-easily-reach-40000-by-the-end-of-2018-novogratz.html

Not mainstream: http://trendzhub.org/business/435224-make-sure-youre-closest-to-the-exit-analysts-say-bitcoin-could-be-heading-back-towards-us7000.html

 JULY 2018 BTCBTC PRICE PREDICTIONS per bitcoin:

SEALS AND CLUBZ WHALES===> $30,000

BITCOIN BROKER(L.A.)=> $1OO,OOO !!!

[pfrtlpfmpf]

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?

You can´t leave it alone, can you.
 You all are tax-obsessed. Till now i have Denmark and Amsterdam, but thats all to cold. I prefer to live in a jurisdiction, for now, where they are to lazy to ask me for taxes. I´m complaining all the time about this and that, but thats a big plus here.