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

[realr0ach]

I didn't think bitcoin could be this volatile with the size of market cap it has now. I was wrong.

Because there's way too many idiots who pretend that bitcoin is somehow special and that altcoins are pump and dumps.  In reality, every single one of these coins including bitcoin is just a pump and dump.  All the coins are completely centralized so there's absolutely no difference in any of them.  It's a fugazi.

[rolling]

Yeah, every trade is a taxable event to US persons. Whether that is buying coffee or litecoin. It is property according to the IRS.

Even if you thought you could get away with the like kind exchange rule, you still have to report every trade individually on the exemption form.

If it were classified as a stock, you could just report net gains and losses but not so with property.

They have made compliance nearly impossible so unless someone passes a law to exempt transactions prior to a certain date, a lot of people are going to owe back taxes and penalties if not jail time.

Simple solution: Become an expat.

Does not apply to US citizens unless you give up your citizenship.

[NiceSoft12]

Look, when the whales begin to believe that the bull market has ended, it's going to go below $5k. Their going to want to take profit. The next bull run might not even happen for 10 years, if at all. Sure next bull run will enter the andromeda galaxy, i'd say >$300k, but that is IF it does even happen.

[Ludwig Von]

Yeah, every trade is a taxable event to US persons. Whether that is buying coffee or litecoin. It is property according to the IRS.

Even if you thought you could get away with the like kind exchange rule, you still have to report every trade individually on the exemption form.

If it were classified as a stock, you could just report net gains and losses but not so with property.

They have made compliance nearly impossible so unless someone passes a law to exempt transactions prior to a certain date, a lot of people are going to owe back taxes and penalties if not jail time.

Simple solution: Become an expat.

Am I happy to be a Be citizen, now. Null tax as long as I behave like a good housefather. (Means not to much sex and drugs and R&R).  

[El duderino_]

Breaking 24777$ prediction game


27/12/2017 bikerleszno
30/12/2017 digithusiast
31/12/2017 Raja_MBZ
01/01/2018 elg
02/01/2018 wachtwoord
04/01/2018 d_eddie
05/01/2018 BTCMILLIONAIRE
06/01/2018 HanvanBitcoin
07/01/2018 ghandi
08/01/2018 savetherainforrest
09/01/2018 explorer
10/01/2018 bicoinpsycho
11/01/2018 Bitcoinaire
12/01/2018 speedwheel
13/01/2018 undeadbitcoiner
14/01/2018 northypole
15/01/2018 ivomm
16/01/2018 maca068
17/01/2018 bitcoinvest
18/01/2018 last of the v8s
19/01/2018 mfort312
20/01/2018 1982dre
21/01/2018 flamast2
22/01/2018 RealMachasm
23/01/2018 willope
24/01/2018 kartala
25/01/2018 orpington
26/01/2018 rolling
27/01/2018 LFC_bitcoin
28/01/2018 jojo69
29/01/2018 CristiTCM
30/01/2018 rayX12
31/01/2018 realsteelboy
01/02/2018 twocorn
02/02/2018 mancroofer
03/02/2018 True Myth
04/02/2018 poolminor
05/02/2018 itod
06/02/2018 scheptan
07/02/2018 vapourminer
08/02/2018 alexeft
09/02/2018 siera
12/02/2018 yonton
13/02/2018 Wekkel
14/02/2018 Thekool1s
15/02/2018 starmman
16/02/2018 Globb0
17/02/2018 leveldkrypto
18/02/2018 olesh
19/02/2018 BitCoinBurger
20/02/2018 Paashaas
21/02/2018 flynn
22/02/2018 icygreen
23/02/2018 erisdiscordia
24/02/2018 phil_s
25/02/2018 sirazimuth
26/02/2018 Arriemoller
27/02/2018 yonton
01/03/2018 bones261
06/03/2018 sa_94
07/03/2018 NUFCrichard
08/03/2018 Imbatman
10/03/2018 STT
11/03/2018 badream
13/03/2018 erre
15/03/2018 podyx
17/03/2018 fragout
18/03/2018 fabiorem
21/03/2018 dakustaking76
23/03/2018 nikauforest
31/03/2018 vroom
01/04/2018 somac.
02/04/2018 kurious
05/04/2018 bitcoinbunny
10/04/2018 ludwigvon
11/04/2018 hairymaclairy
27/04/2018 drbrockoin
01/05/2018 sprinkles
02/06/2018 oblox
03/08/2018 toxic2040
05/11/2018 mikenz
31/12/2018 melman2002
12/02/2019 FractalUniverse
21/04/2019 gentlemand
20/02/2020 romneymoney
18/12/2021 luckygenough56


Maybe because its This time of the year we make a small game Just to call 24777$ (CET) the one with the day of breaking This price wins .25 BTC
The list Will be Made after This post So When a date is taking iT cannot been taken again
When the winning date is exactly in the middle of 2 each Will get .25
Oterwhise closest to the winning date wins

LIST MAKING ENDS 25-12-2017  @ 22.00 cet

SOME HAVE TAKEN A DATE THATS ALLREADY OCCUPIED      -fluidjax
                                                                                       -vito5
                                                                                       -Dotto
                                                                                       -Ibian
                                                                                       -
                                                                                       -
                                                                                       -
              TAKE DIFFRENT DATE PLEASE , THE DATES YOU GUYS PICKED WHERE TAKEN

Last update for tonight                                                       MANY PAGES BACK I POSTED MINIMUM ACTIVITIE 50+ TO COME ON THE LIST TO MANY NEW ACCOUNTS GR

[natewelt]

Yeah, every trade is a taxable event to US persons. Whether that is buying coffee or litecoin. It is property according to the IRS.

Even if you thought you could get away with the like kind exchange rule, you still have to report every trade individually on the exemption form.

If it were classified as a stock, you could just report net gains and losses but not so with property.

They have made compliance nearly impossible so unless someone passes a law to exempt transactions prior to a certain date, a lot of people are going to owe back taxes and penalties if not jail time.

^^^yes yes everyone saying it's a legit loophole is going to be in for a beating once they realize they took an aggressive position without any basis to do so. Good luck to them, their back taxes and their prison buddies.

[BTCMILLIONAIRE]

Yeah, every trade is a taxable event to US persons. Whether that is buying coffee or litecoin. It is property according to the IRS.

Even if you thought you could get away with the like kind exchange rule, you still have to report every trade individually on the exemption form.

If it were classified as a stock, you could just report net gains and losses but not so with property.

They have made compliance nearly impossible so unless someone passes a law to exempt transactions prior to a certain date, a lot of people are going to owe back taxes and penalties if not jail time.

Simple solution: Become an expat.

Does not apply to US citizens unless you give up your citizenship.

Sounds like a good trade to me.

[explorer]

Friend got this.  This is what the start of mass adoption looks like

Why you Bitfinex no scale up service before? 4 years since the last destructive influx, you'd think they'd have been prepared for the next couple order of magnitude increases by now.  Like, hodlers buy the dip, exchanges scale up during the dip?  But but but we had no idea that this would happen!  Ahahahahaha
 Zero Vision.  I award you no points, and may....

[samson]

Yeah, every trade is a taxable event to US persons. Whether that is buying coffee or litecoin. It is property according to the IRS.

Even if you thought you could get away with the like kind exchange rule, you still have to report every trade individually on the exemption form.

If it were classified as a stock, you could just report net gains and losses but not so with property.

They have made compliance nearly impossible so unless someone passes a law to exempt transactions prior to a certain date, a lot of people are going to owe back taxes and penalties if not jail time.

Simple solution: Become an expat.

Does not apply to US citizens unless you give up your citizenship.

That's right, you still have to pay !

[BTCMILLIONAIRE]

Yeah, every trade is a taxable event to US persons. Whether that is buying coffee or litecoin. It is property according to the IRS.

Even if you thought you could get away with the like kind exchange rule, you still have to report every trade individually on the exemption form.

If it were classified as a stock, you could just report net gains and losses but not so with property.

They have made compliance nearly impossible so unless someone passes a law to exempt transactions prior to a certain date, a lot of people are going to owe back taxes and penalties if not jail time.

Simple solution: Become an expat.

Does not apply to US citizens unless you give up your citizenship.

That's right, you still have to pay !

That's really just another reason to renounce citizenship.

Does the US not have double taxation treaties though? In some places you can just create an offshore company, tax your profits in a different legislation, and then be exempt from further taxes under your own legislation due to the treaty as you've "already paid them" (even if the taxes are as low as 2% or even 0%).

[nikauforest]

Yeah, every trade is a taxable event to US persons. Whether that is buying coffee or litecoin. It is property according to the IRS.

Even if you thought you could get away with the like kind exchange rule, you still have to report every trade individually on the exemption form.

If it were classified as a stock, you could just report net gains and losses but not so with property.

They have made compliance nearly impossible so unless someone passes a law to exempt transactions prior to a certain date, a lot of people are going to owe back taxes and penalties if not jail time.

Simple solution: Become an expat.

Does not apply to US citizens unless you give up your citizenship.

That's right, you still have to pay !

That's really just another reason to renounce citizenship.

Does the US not have double taxation treaties though? In some places you can just create an offshore company, tax your profits in a different legislation, and then be exempt from further taxes under your own legislation due to the treaty as you've "already paid them" (even if the taxes are as low as 2% or even 0%).

I was a US citizen. I gave it up in 2014, the tax laws are just too complicated. Simple honest mistakes can generate huge fines.

[rolling]

Yeah, every trade is a taxable event to US persons. Whether that is buying coffee or litecoin. It is property according to the IRS.

Even if you thought you could get away with the like kind exchange rule, you still have to report every trade individually on the exemption form.

If it were classified as a stock, you could just report net gains and losses but not so with property.

They have made compliance nearly impossible so unless someone passes a law to exempt transactions prior to a certain date, a lot of people are going to owe back taxes and penalties if not jail time.

Simple solution: Become an expat.

Does not apply to US citizens unless you give up your citizenship.

That's right, you still have to pay !

That's really just another reason to renounce citizenship.

Does the US not have double taxation treaties though? In some places you can just create an offshore company, tax your profits in a different legislation, and then be exempt from further taxes under your own legislation due to the treaty as you've "already paid them" (even if the taxes are as low as 2% or even 0%).

There is really no good loophole. They have locked it all down. What you describe would be a "Controlled Foreign Corporation" which has it's own issues. Giving up citizenship has an exit tax plus they will still come after you years later if they find out you didn't pay what you owed.

[realr0ach]

Look, when the whales begin to believe that the bull market has ended, it's going to go below $5k. Their going to want to take profit.

That's what we call the Goldman Suplex.  When they bomb it down to the 50% retracement and make people believe they're getting a good deal so they all take longs, while the people sitting on 200,000 coins that were the only thing propping up the market are all dumping on the longs and it implodes down to the 38% retracement or lower wiping out everyone.

[itod]

Does the US not have double taxation treaties though? In some places you can just create an offshore company, tax your profits in a different legislation, and then be exempt from further taxes under your own legislation due to the treaty as you've "already paid them" (even if the taxes are as low as 2% or even 0%).

That's why a lot of rich people all over the world choose Monaco for the residence. They pay lover income taxes there and don't pay in their domicile country. Nobody pay's income tax twice, can't believe it's current US law.

[explorer]

I didn't think bitcoin could be this volatile with the size of market cap it has now. I was wrong. It's going haywire right now!

Bigger market cap, but possibly fewer coins in the float, definitely 1/2 the new coins mined per block.  Land Rush in progress.  It's just that the train is over full, and can't make the grade, so it has to shake like a wet dog, and try again, with MORE STEAM.

[RejectedBanana]

Yeah, every trade is a taxable event to US persons. Whether that is buying coffee or litecoin. It is property according to the IRS.

Even if you thought you could get away with the like kind exchange rule, you still have to report every trade individually on the exemption form.

If it were classified as a stock, you could just report net gains and losses but not so with property.

They have made compliance nearly impossible so unless someone passes a law to exempt transactions prior to a certain date, a lot of people are going to owe back taxes and penalties if not jail time.

Simple solution: Become an expat.

Not so easy or simple, unfortunately. Have you heard of the Exit Tax? Capital gains are realized for high net worth individuals upon renouncing.

You still owe cap gains if you don't renounce and just expat. Unless you plan on just hiding and never setting foot in US again nor using any international banks cooperating with FinCen rules.

Puerto Rico offers tax free cap gains for residents, but you still owe on any gains realized up to the date you become a resident.

https://www.forbes.com/sites/robertwood/2017/02/27/renounce-u-s-heres-how-irs-computes-exit-tax/#45c8627287d4

[BTCMILLIONAIRE]

There is really no good loophole. They have locked it all down. What you describe would be a "Controlled Foreign Corporation" which has it's own issues. Giving up citizenship has an exit tax plus they will still come after you years later if they find out you didn't pay what you owed.

All the more reason to leave as soon as possible. I wouldn't want to be held hostage for the rest of my life.

Does the US not have double taxation treaties though? In some places you can just create an offshore company, tax your profits in a different legislation, and then be exempt from further taxes under your own legislation due to the treaty as you've "already paid them" (even if the taxes are as low as 2% or even 0%).

That's why a lot of rich people all over the world choose Monaco for the residence. They pay lover income taxes there and don't pay in their domicile country. Nobody pay's income tax twice, can't believe it's current US law.

Probably because most people just bend over and do as told. Stockholm syndrome much?

I was a US citizen. I gave it up in 2014, the tax laws are just too complicated. Simple honest mistakes can generate huge fines.

Well, not like the tax system was created to help out honest people who desire a simple life in the first place.

[BTCMILLIONAIRE]

Yeah, every trade is a taxable event to US persons. Whether that is buying coffee or litecoin. It is property according to the IRS.

Even if you thought you could get away with the like kind exchange rule, you still have to report every trade individually on the exemption form.

If it were classified as a stock, you could just report net gains and losses but not so with property.

They have made compliance nearly impossible so unless someone passes a law to exempt transactions prior to a certain date, a lot of people are going to owe back taxes and penalties if not jail time.

Simple solution: Become an expat.

Not so easy or simple, unfortunately. Have you heard of the Exit Tax? Capital gains are realized for high net worth individuals upon renouncing.

You still owe cap gains if you don't renounce and just expat. Unless you plan on just hiding and never setting foot in US again nor using any international banks cooperating with FinCen rules.

Puerto Rico offers tax free cap gains for residents, but you still owe on any gains realized up to the date you become a resident.

https://www.forbes.com/sites/robertwood/2017/02/27/renounce-u-s-heres-how-irs-computes-exit-tax/#45c8627287d4

No, I actually haven't heard of the exit tax. It does make sense to some degree, or at least it would if taxes were legitimate in the first place. But regardless of whether or not you'd choose to pay what you "owe" before renouncing, it still doesn't sound like anyone who expects any significant profits should be staying in the US any longer than absolutely necessary for whatever individual circumstances.

[jojo69]

yeah, it is one of the most criminal and embarassing things about the US

absurd on the face of it

[RejectedBanana]

Yeah, every trade is a taxable event to US persons. Whether that is buying coffee or litecoin. It is property according to the IRS.

Even if you thought you could get away with the like kind exchange rule, you still have to report every trade individually on the exemption form.

If it were classified as a stock, you could just report net gains and losses but not so with property.

They have made compliance nearly impossible so unless someone passes a law to exempt transactions prior to a certain date, a lot of people are going to owe back taxes and penalties if not jail time.

Simple solution: Become an expat.

Not so easy or simple, unfortunately. Have you heard of the Exit Tax? Capital gains are realized for high net worth individuals upon renouncing.

You still owe cap gains if you don't renounce and just expat. Unless you plan on just hiding and never setting foot in US again nor using any international banks cooperating with FinCen rules.

Puerto Rico offers tax free cap gains for residents, but you still owe on any gains realized up to the date you become a resident.

https://www.forbes.com/sites/robertwood/2017/02/27/renounce-u-s-heres-how-irs-computes-exit-tax/#45c8627287d4

No, I actually haven't heard of the exit tax. It does make sense to some degree, or at least it would if taxes were legitimate in the first place. But regardless of whether or not you'd choose to pay what you "owe" before renouncing, it still doesn't sound like anyone who expects any significant profits should be staying in the US any longer than absolutely necessary for whatever individual circumstances.

Agreed. However, I'm suspecting you're not married or have many close family relations in the US? The moment I brought up renouncing to my wife, and that she would need to apply for visas to visit family, friends, etc., well... you can imagine the response. Although she's warming up to it proportionally to crypto value.

Which begs the question, how much is US citizenship worth? A US passport gets you in a lot of places without visas or trouble. Attaining citizenship in another country takes time and often a good deal of (traceable, taxable) fiat. Although being stateless is an option, it's not recommended for long. You have no rights, anywhere.