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

[AlcoHoDL]

I'm not messing with my seed... If TREZOR or Ledger decide to provide a coin splitting tool for this or any future forks (like they did with Bcash and Bgold), I'll claim. If not, my BTC stay put. Not worth the risk.

[1715235335]

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[1715235335]

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[afbitcoins]

There, I sold .01BTC. That should make this down trend reverse.

Same feeling here. I need to sell something for price to go up again.

Seems crazy as fuck to see guys in this thread doing the exact opposite of what they should be doing.. .


Crazy


Fuck

Each of us, reading this thread, should realize that we buy on the way down and sell on the way up, not the opposite.

Helrow??

Agreed! Panic selling when price going down is the noobs mistake.

(edit: though I know the feeling very well of doing a trade and then the price going the other way just because you did it!     )

I'm curious if you hold all your bitcoin on an exchange ready for good moments to buy and sell? My own trading style necessitates that I don't hold anything on an exchange, (because I have lost funds from exchange hacks which is not nice really and I decided not to risk it happening again). Also is selling any real amount of your stash a tax event? For me it is. This all makes trading in and out quite a difficult business potentially. Because of these factors I only trade very infrequently, ie last time I bought in any decent amount bitcoin was about $300. I have cashed out some at a few different levels but because like I say tax makes me hesitate to do more when I otherwise might have.  But I might only trade once, twice or less in a year.

However I do a lot more trading in and out using other crypto, mainly Dash with smaller amounts, mainly for fun, but also because I can profit pretty well generally. I chose Dash because I really like it but any other pair with decent liquidity could do it. This is good because most the time I don't need to get carried away thinking about fiat  and tax. I don't use leverage and so if price goes the wrong way I can be patient. I like bitcoin and Dash so holding either bags if fine for me.

Anyway thought I'd give you the chance to elaborate a bit more, which I'd be interested in hearing. Cheers
 

[bitserve]

There, I sold .01BTC. That should make this down trend reverse.

Same feeling here. I need to sell something for price to go up again.

Seems crazy as fuck to see guys in this thread doing the exact opposite of what they should be doing.. .


Crazy


Fuck

Each of us, reading this thread, should realize that we buy on the way down and sell on the way up, not the opposite.

Helrow??

Agreed! Panic selling when price going down is the noobs mistake.

(edit: though I know the feeling very well of doing a trade and then the price going the other way just because you did it!     )

I'm curious if you hold all your bitcoin on an exchange ready for good moments to buy and sell? My own trading style necessitates that I don't hold anything on an exchange, (because I have lost funds from exchange hacks which is not nice really and I decided not to risk it happening again). Also is selling any real amount of your stash a tax event? For me it is. This all makes trading in and out quite a difficult business potentially. Because of these factors I only trade very infrequently, ie last time I bought in any decent amount bitcoin was about $300. I have cashed out some at a few different levels but because like I say tax makes me hesitate to do more when I otherwise might have.  But I might only trade once, twice or less in a year.

However I do a lot more trading in and out using other crypto, mainly Dash with smaller amounts, mainly for fun, but also because I can profit pretty well generally. I chose Dash because I really like it but any other pair with decent liquidity could do it. This is good because most the time I don't need to get carried away thinking about fiat  and tax. I don't use leverage and so if price goes the wrong way I can be patient. I like bitcoin and Dash so holding either bags if fine for me.

Anyway thought I'd give you the chance to elaborate a bit more, which I'd be interested in hearing. Cheers
 

Buying and selling dash is not a taxable event for you? How is that?

[Torque]

15125. Bought thy Fucking dip!

Unfortunately I believe we might retest $13-14k.

Nailed it.

[El duderino_]

15125. Bought thy Fucking dip!

Unfortunately I believe we might retest $13-14k.

Nailed it.

so from here we go again ?     

[Icygreen]

I'm not messing with my seed... If TREZOR or Ledger decide to provide a coin splitting tool for this or any future forks (like they did with Bcash and Bgold), I'll claim. If not, my BTC stay put. Not worth the risk.

Agreed, HW wallets probably won't bother if its 1% or less of BTC value. If its 2% or more and they don't make a tool, I might be tempted to re-seed my wallet, move coins and do the split myself.  I honestly wish I could understand the incentive behind the forks.  Seems like so much $$$ just being given away and most of the recipients surely will dump.  Who knows, maybe it's Bitcoin Pizza that will take the crown!  Hahaha, not, my money is on Fedcoin.  

[explorer]

I'm not messing with my seed... If TREZOR or Ledger decide to provide a coin splitting tool for this or any future forks (like they did with Bcash and Bgold), I'll claim. If not, my BTC stay put. Not worth the risk.

Agreed, HW wallets probably won't bother if its 1% or less of BTC value. If its 2% or more and they don't make a tool, I might be tempted to re-seed my wallet, move coins and do the split myself.  I honestly wish I could understand the incentive behind the forks.  Seems like so much $$$ just being given away and most of the recipients surely will dump.  Who knows, maybe it's Bitcoin Pizza that will take the crown!  Hahaha, not, my money is on Fedcoin.  

If you are not paying for the product, you are the product?  Go ahead, move your coins (this goes for your clones as well) We won't track you, or target you in any way.  There is nothing to be learned from this, don't mind the man behind the curtain.

[Torque]

so from here we go again ?      

Which such low participation in the market right now, I think we'll continue to drift sideways with some small up and down pumping going on. Traders will also continue to short and accumulate which may put some downward pressure on the market.

The price action will be largely irrelevant until whale traders return in the new year. I don't anticipate seeing anything major happening in the market until mid- January or so.

[Icygreen]

I'm not messing with my seed... If TREZOR or Ledger decide to provide a coin splitting tool for this or any future forks (like they did with Bcash and Bgold), I'll claim. If not, my BTC stay put. Not worth the risk.

Agreed, HW wallets probably won't bother if its 1% or less of BTC value. If its 2% or more and they don't make a tool, I might be tempted to re-seed my wallet, move coins and do the split myself.  I honestly wish I could understand the incentive behind the forks.  Seems like so much $$$ just being given away and most of the recipients surely will dump.  Who knows, maybe it's Bitcoin Pizza that will take the crown!  Hahaha, not, my money is on Fedcoin.  

If you are not paying for the product, you are the product?  Go ahead, move your coins (this goes for your clones as well) We won't track you, or target you in any way.  There is nothing to be learned from this, don't mind the man behind the curtain.

That's an interesting concept. But, really, I've already been subject to KYC and AML with any exchange I've dealt with. If they come a look'n, wouldn't it be easy to move coins to another address and claim you'd been robbed? Then there's mixers and even OTC.  I get your point and perhaps it'll all be so (Duh) clear after the fact but I just don't see it for now. I'm thinking that there's some monetary incentive behind the forkers or attack by dilution or some shit like that.

[goggles]

I was expecting a uptrend from people collecting upcoming forks. 

https://quantco.in/ifo/btc

[P_Shep]

I was expecting a uptrend from people collecting upcoming forks. 

https://quantco.in/ifo/btc

'kin ridiculous.

[goggles]

I was expecting a uptrend from people collecting upcoming forks. 

https://quantco.in/ifo/btc

'kin ridiculous.

You will at least want to collect your bitcoin pizza coins. lol

[txtravwill]

15125. Bought thy Fucking dip!

Unfortunately I believe we might retest $13-14k.

Nailed it.

Yeah, 13-14K seems to be the floor somewhat building still...

[RewFrew]

Hey there,

I know that bitcoin is the most secure thing ever created  and that duo to his low speed verification/transaction. If bitcoin turns to be very quick, hes going to lose from his security and then the possibility to be hacked.

But i have a question for bitcoin old big holders: When the bitcoin lightning fork gonna happend: are you going to hold the same amount of bitcoin and bitcoin lightning or more bitcoin lithting or sell all and buy more bitcoin?

The fact is: you can make transaction for less than 1 cent in 1 to 3 seconds max.

For me: i gonna use bitcoin for most of my money saving as it is the most secure thing on planet for now, and hold some bitcoin lightning for small transactions. Also can use it for big transaction if i need the transaction to happend in a second.

So, what is your view/Strategy on it?

[Searing]

I'm not messing with my seed... If TREZOR or Ledger decide to provide a coin splitting tool for this or any future forks (like they did with Bcash and Bgold), I'll claim. If not, my BTC stay put. Not worth the risk.

Agreed, HW wallets probably won't bother if its 1% or less of BTC value. If its 2% or more and they don't make a tool, I might be tempted to re-seed my wallet, move coins and do the split myself.  I honestly wish I could understand the incentive behind the forks.  Seems like so much $$$ just being given away and most of the recipients surely will dump.  Who knows, maybe it's Bitcoin Pizza that will take the crown!  Hahaha, not, my money is on Fedcoin.  

If you are not paying for the product, you are the product?  Go ahead, move your coins (this goes for your clones as well) We won't track you, or target you in any way.  There is nothing to be learned from this, don't mind the man behind the curtain.

If you move your coins in USA it is probably a taxable event (income at the $280 that BCH hit the world, I think it was) ...spend it also (of course)

I'm going by below IRS guideline and hope they just treat it like stock going up..you don't touch it ...this does not matter ....we probably can prove

from the below that it is a hassle to get this stuff and came out of nowhere ....or at least this IRS plug leads me to believe

(on the other hand the IRS released the 2013 guidelines 10 days before the filing deadline stating capital gains wanted on all BTC spent since 2009 (heh) also the
coinbase where they wanted all 15 million account info INCLUDING passwords....because they caught THREE GUYS using coinbase to hide taxes...so wtf they
literally could call all the forks like BCH income and expect us to pay..doubtful though)

anyway, this gives me a little pause that they are not gonna go after the BCH and other forks as long as you don't mess with them or move them or sell them

(ie to IRS...what? I have $$$ from the forked coin? really?)

IRS guidelines that if you have not sold or moved any BCH you MIGHT be off the hook (remember the source here ...me...duh....I drank the BFL kool-aid..I know zip
this is an example of what I'm doing and why I'm not even looking in the general direction of any forked coins...they can live or die on the vine...I ain't doing zip.)


https://www.law.cornell.edu/cfr/text/26/1.451-2

anyway, some modest hope I won't get screwed over...but how I am approaching this...no looky..no touchy...any forked coin...

brad

[txtravwill]

I'm not messing with my seed... If TREZOR or Ledger decide to provide a coin splitting tool for this or any future forks (like they did with Bcash and Bgold), I'll claim. If not, my BTC stay put. Not worth the risk.

Agreed, HW wallets probably won't bother if its 1% or less of BTC value. If its 2% or more and they don't make a tool, I might be tempted to re-seed my wallet, move coins and do the split myself.  I honestly wish I could understand the incentive behind the forks.  Seems like so much $$$ just being given away and most of the recipients surely will dump.  Who knows, maybe it's Bitcoin Pizza that will take the crown!  Hahaha, not, my money is on Fedcoin.  

If you are not paying for the product, you are the product?  Go ahead, move your coins (this goes for your clones as well) We won't track you, or target you in any way.  There is nothing to be learned from this, don't mind the man behind the curtain.

If you move your coins in USA it is probably a taxable event (income at the $280 that BCH hit the world, I think it was) ...spend it also (of course)

I'm going by below IRS guideline and hope they just treat it like stock going up..you don't touch it ...this does not matter ....we probably can prove

from the below that it is a hassle to get this stuff and came out of nowhere ....or at least this IRS plug leads me to believe

(on the other hand the IRS released the 2013 guidelines 10 days before the filing deadline stating capital gains wanted on all BTC spent since 2009 (heh) also the
coinbase where they wanted all 15 million account info INCLUDING passwords....because they caught THREE GUYS using coinbase to hide taxes...so wtf they
literally could call all the forks like BCH income and expect us to pay..doubtful though)

anyway, this gives me a little pause that they are not gonna go after the BCH and other forks as long as you don't mess with them or move them or sell them

(ie to IRS...what? I have $$$ from the forked coin? really?)

IRS guidelines that if you have not sold or moved any BCH you MIGHT be off the hook (remember the source here ...me...duh....I drank the BFL kool-aid..I know zip
this is an example of what I'm doing and why I'm not even looking in the general direction of any forked coins...they can live or die on the vine...I ain't doing zip.)


https://www.law.cornell.edu/cfr/text/26/1.451-2

anyway, some modest hope I won't get screwed over...but how I am approaching this...no looky..no touchy...any forked coin...

brad

Movement of coins is not taxable, just when you realize the gains, thus conversion to $USD.  Coinbase just has moves translated to $ amounts in their reports since they can't track outside their platform.  The reporting is totally on you to actually report when you do have the gains.

[d_eddie]

Hey there,

I know that bitcoin is the most secure thing ever created  and that duo to his low speed verification/transaction. If bitcoin turns to be very quick, hes going to lose from his security and then the possibility to be hacked.

But i have a question for bitcoin old big holders: When the bitcoin lightning fork gonna happend: are you going to hold the same amount of bitcoin and bitcoin lightning or more bitcoin lithting or sell all and buy more bitcoin?

The fact is: you can make transaction for less than 1 cent in 1 to 3 seconds max.

For me: i gonna use bitcoin for most of my money saving as it is the most secure thing on planet for now, and hold some bitcoin lightning for small transactions. Also can use it for big transaction if i need the transaction to happend in a second.

So, what is your view/Strategy on it?

There's no such thing as bitcoin lightning. It's just plain old (true) Bitcoin. You can choose to lock some of it in one or more lightning channels until they are closed, that's all.

[Enjel]

In the USA, starting 1/1/2018, movement of coins will be a taxable event under the Tax Cuts & Jobs Act signed by President Trump.
Just thought I would put that out.

[d_eddie]

Buying and selling dash is not a taxable event for you? How is that?

Maybe because it's paid with/sold for BTC and not fiat?

[txtravwill]

In the USA, starting 1/1/2018, movement of coins will be a taxable event under the Tax Cuts & Jobs Act signed by President Trump.
Just thought I would put that out.

Movement of a coin isn't, but exchange of a coin yes.  The like type clause was eliminated, thus BCH to BTC and trading Altcoins would be taxable (for any gains only again).