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

[Peter R]

new reflow oven

hey lightfoot

what do you recommend in a hot air station?

Strangely enough my Aoyue 952 has done very well. Solid little thing.

I think I'm going to get a ez-bake oven to try to do better chip reflows. I can do it by hand, but there is always the risk I overheat the chip. Reflow oven would automate that, then I just need to make sure the tacky flux has the component perfectly aligned (you can bump a chip slightly with air to get it to perfectly center.

I've got an Aoyue 952 as well as a Weller WR3 rework station.  The nice thing about the hot air from the Weller is that you can toggle it on/off at the hand tool.  However, this is somewhat less useful than I initially expected.  The other great thing about the WR3 is the vacuum de-soldering tool.  If you've only ever used the manual "solder suckers," then a pro de-soldering tool will be a real treat!  

[Deeyoh]

Uggg, did you try to claim Bitcoin GOD coin?  Saw there was a phishing site for private keys.  

I won't touch any of these fork coins unless Trezor has a split tool for them.

[HairyMaclairy]

Very sorry to hear that.  Can you please tell us what wallet software you installed?  I am deeply suspicious of wallets. 

[xhomerx10]

Try to use the Via BTC accelerator

https://pool.viabtc.com/tools/txaccelerator/

Sorry, your TXID doesn't exist  when I use accelerator.

 You have to hit that accelerator right on the hour as only 100 tx are allowed per hour.  Also it is very busy most of the time.  You might have more luck getting the tx accelerated if you have more than one person attempting to get it through.  You have one minute!

He got a confirm. 45k lost.

 Man that's hard to take.  Sorry to hear that.

[sirazimuth]

Uggg, did you try to claim Bitcoin GOD coin?  Saw there was a phishing site for private keys.  

I won't touch any of these fork coins unless Trezor has a split tool for them.

I hope the hardware wallet people wont support any of these
ridiculous forks. Then maybe when idiots who start playing with fire
by importing private keys start crying over lost coins,
the rest of the "noob-not-so-informed" crypto community will
see these things for what they are.... pure money grabbing scammyass crypto fraud.

then again, this is crypto...what else is new?

[jojo69]

Weller WR3

uh yeah...

that is a solid order of magnitude more money

[d_eddie]

Shitpost, the author says. Not too shitty IMO.
Kind of a "Cryptmas Carol" story.
 
https://www.reddit.com/r/Bitcoin/comments/7mminl/shitpost_final_words/

[TERA2]

Now that the forum is completely pessimistic I wouldnt be suprised if it just spiked straight up to 20K like 'Aha! Fooled you. The bear market is off.'

[d_eddie]

He got a confirm. 45k lost.

Sorry for you, man. It will happen again, several times over. Hope it's just a dent in your hold.

We would really be interested if you could share some details on how you think the thief got to the keys.

[sirazimuth]

Now that the forum is completely pessimistic I wouldnt be suprised if it just spiked straight up to 20K like 'Aha! Fooled you. The bear market is off.'

so I see you set yourself up for both ways eh? you should be a cold reader. the credulous folk would see you as a psychic genius...

[xhomerx10]

WTF?! Somebody wants cheap coins.

edit: lol sorry, I'm watching the charts too closely.

[kurious]

snip

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

Well I understood you pay captial gains when there is a fiat gain in value at the time when you dispose it, ie sell it for fiat. I'm in the UK. I hope I got that right. If I have to proof every single trade between Dash and Bitcoin or whatever other crypto I don't know how on earth I could even start to do that   Some exchanges I have used no longer even exist.

I sympathise, in UK too. 

Since HMRC advice is so sketchy (it goes back to a vague 2014 reference effectively saying 'we will treat it all on a case-by-case basis') we are in the dark.

I only cash out in BTC and only (originally) went in via BTC so, I am asking my accountant to simply list all fiat 'in' events and fiat 'out' events and hoping it will be just CGT.  But be aware they can see it as 'badge of trade' and charge as though it was income if they think you're a trader.

I am hoping if I cough up CGT and list only Bitcoin bought and sold and just pay up, they will accept it.

If not, I will find others here in the same position and suggest we club together to get a QC to fight HMRC - as paying 45% income tax will be too much to let pass.

I know you and I have different 'cryptos of choice' but we may end up in the same expensive boat, under the same threat of a massive tax bill.

Odds on they will just take the CGT, but if not...  Let's consider a fight - I think we can probably both afford to chip in for a legal case with others, which they won't have the staff or competence to want to bother with.

Sometimes Dashheads and Moneroans can perhaps find common cause ;-)

[kurious]

Shitpost, the author says. Not too shitty IMO.
Kind of a "Cryptmas Carol" story.
 
https://www.reddit.com/r/Bitcoin/comments/7mminl/shitpost_final_words/

Made me smile... 

[sirazimuth]

WTF?! Somebody wants cheap coins.

edit: lol sorry, I'm watching the charts too closely.

I save myself the apology and just delete  (as long as no quote... too late, lol)

[mymenace]

snip

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

Well I understood you pay captial gains when there is a fiat gain in value at the time when you dispose it, ie sell it for fiat. I'm in the UK. I hope I got that right. If I have to proof every single trade between Dash and Bitcoin or whatever other crypto I don't know how on earth I could even start to do that   Some exchanges I have used no longer even exist.

I sympathise, in UK too.  

Since HMRC advice is so sketchy (it goes back to a vague 2014 reference effectively saying 'we will treat it all on a case-by-case basis') we are in the dark.

I only cash out in BTC and only (originally) went in via BTC so, I am asking my accountant to simply list all fiat 'in' events and fiat 'out' events and hoping it will be just CGT.  But be aware they can see it as 'badge of trade' and charge as though it was income if they think you're a trader.

I am hoping if I cough up CGT and list only Bitcoin bought and sold and just pay up, they will accept it.

If not, I will find others here in the same position and suggest we club together to get a QC to fight HMRC - as paying 45% income tax will be too much to let pass.

I know you and I have different 'cryptos of choice' but we may end up in the same expensive boat, under the same threat of a massive tax bill.

Odds on they will just take the CGT, but if not...  Let's consider a fight - I think we can probably both afford to chip in for a legal case with others, which they won't have the staff or competence to want to bother with.

Sometimes Dashheads and Moneroans can perhaps find common cause ;-)

beware the deception by gov and tax office

1) get you to admit it is an income

2) get you to admit what you use it for e.g. investment

3) then if you do not admit to any of that, they will make a determination and take your money



bitcoin is not their currency and it is ridiculous to call it income or investment

it is just your money nothing else, not your fault you have to exchange your btc into fiat to utilize goods and services, they should learn to accept your money


not your fault the exchange rate for bitcoin to fiat does not reflect what value you think it is and you have to sell it cheap




if all else fails do not forget to claim your lost coins as a loss, the value will be determined by the end financial year you decide to claim said loss

[kurious]

Try to use the Via BTC accelerator

https://pool.viabtc.com/tools/txaccelerator/

Sorry, your TXID doesn't exist  when I use accelerator.

 You have to hit that accelerator right on the hour as only 100 tx are allowed per hour.  Also it is very busy most of the time.  You might have more luck getting the tx accelerated if you have more than one person attempting to get it through.  You have one minute!

He got a confirm. 45k lost.

Damn - poor sod. There but for the grace of god....

[lightfoot]

Weller WR3

uh yeah...

that is a solid order of magnitude more money

Indeed. And while I am a true tool snob in some respects (I love snap-on tools; they never will gall a bolt or fail to grip a head and the micro-movement of their ratchets is God) I have to say the Aoyue stuff ain't bad. Their SMD soldering tweezers are a complete joke, but their irons aren't bad (but very under powered for de soldering wick) and that dopey air tool works well.

I'm counting my bitpennies now and thinking about buying a Hakko FM202 and 20203 SMD mini-tweezer set so I don't have to keep blasting 0402 sized components with air to stick them (trying to do it with an iron sucks; the things just stand up on the board and it's like aarrggh). Hakko makes good gear, but I haven't tried their air tools.

The $25k rework stations are designed to be set up to do a specific process, then turned loose with entry level people at the controls. Not something I'd be up for.

And don't forget a good pre-heater, the Aoyue 853 and 853/a are pretty good but I have had to resolder wires inside it twice. Then again I bang it around a lot on the road, so there's that.

Now on to Bitcoin: I see we're hanging around 14k. That's not bad, but not moon-worthy. Someone poke the damn badger already....

[HairyMaclairy]

Damn - poor sod. There but for the grace of god....

Indeed.  I am already thinking of some security improvements I could make.  

[sirazimuth]

Shitpost, the author says. Not too shitty IMO.
Kind of a "Cryptmas Carol" story.
 
https://www.reddit.com/r/Bitcoin/comments/7mminl/shitpost_final_words/

that was phukking epic!! thanx for sharing!

[kurious]

snip

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

Well I understood you pay captial gains when there is a fiat gain in value at the time when you dispose it, ie sell it for fiat. I'm in the UK. I hope I got that right. If I have to proof every single trade between Dash and Bitcoin or whatever other crypto I don't know how on earth I could even start to do that   Some exchanges I have used no longer even exist.

I sympathise, in UK too.  

Since HMRC advice is so sketchy (it goes back to a vague 2014 reference effectively saying 'we will treat it all on a case-by-case basis') we are in the dark.

I only cash out in BTC and only (originally) went in via BTC so, I am asking my accountant to simply list all fiat 'in' events and fiat 'out' events and hoping it will be just CGT.  But be aware they can see it as 'badge of trade' and charge as though it was income if they think you're a trader.

I am hoping if I cough up CGT and list only Bitcoin bought and sold and just pay up, they will accept it.

If not, I will find others here in the same position and suggest we club together to get a QC to fight HMRC - as paying 45% income tax will be too much to let pass.

I know you and I have different 'cryptos of choice' but we may end up in the same expensive boat, under the same threat of a massive tax bill.

Odds on they will just take the CGT, but if not...  Let's consider a fight - I think we can probably both afford to chip in for a legal case with others, which they won't have the staff or competence to want to bother with.

Sometimes Dashheads and Moneroans can perhaps find common cause ;-)

beware the deception by gov and tax office

1) get you to admit it is an income

2) get you to admit what you use it for e.g. investment

3) then if you do not admit to any of that, they will make a determination and take your money



bitcoin is not their currency and it is ridiculous to call it income or investment

it is just your money nothing else, not your fault you have to exchange your btc into fiat to utilize services, they should learn to accept your money

Don't worry, I didn't go through:
 
All the shit, the Goxing, the seeing it slump to $152 when my average buy was four times that (and deciding to just bought MORE to average down), plus years of watching this thread every day, checking the price first thing in the morning and last thing at night, while holding a full time job down....

All that to give up on my gains that took a shit load of stress and a very thick skin just to HODL onto..? To have someone tell me I have to pay nearly half of it over - without a serious fight?

No. No. No.

I will pay 20% CGT - but a penny more and they will find out just what a determined bastard I can be.