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

[motoprose]

Damn.

The ASK list of bitstamp keeps disappearing because everything is bought up and I have to refresh the site.

#firstworldproblems.

That and which color for your tesla you want to drive until the next $10k increase in price.
decisions decisions .

[triads]

Those US residents who dumped for tax filing reasons yesterday are probably buying back now it's lunch time on January the 2nd in the USA.

That makes no sense.  Last year was a huge run up so you would not sell at the end of the year but sell this year if you want to defer paying taxes on it in the short term but even that isn’t the most efficient.  US taxpayer best case is long term capital gains which is 366 days from purchase so end of year or not doesn’t matter.

Yup, artful bodger doesn't know what they are talking about. US Taxes also don't permit wash sales, which are selling at the end of the year and then buying back within 30 days. And even if they did, why would they sell to lock in gains??

[the artful bodger]

Those US residents who dumped for tax filing reasons yesterday are probably buying back now it's lunch time on January the 2nd in the USA.

That makes no sense.  Last year was a huge run up so you would not sell at the end of the year but sell this year if you want to defer paying taxes on it in the short term but even that isn’t the most efficient.  US taxpayer best case is long term capital gains which is 366 days from purchase so end of year or not doesn’t matter.

I don't understand the US tax system. It sounds so complicated I suspect most Americans don't fully understand it either. My speculation was based on a comment someone else made.

[jojo69]

I don't understand the US tax system. It sounds so complicated I suspect most Americans don't fully understand it either.

That is the intent.  The entire system is based on deception, obscurity and fraud.


Hear me one time Donald; abolish the IRS and they will carve your face on Mt. Rushmore.

[explorer]

I don't understand the US tax system. It sounds so complicated I suspect most Americans don't fully understand it either.

That is the intent.  The entire system is based on deception, obscurity and fraud.


Hear me one time Donald; abolish the IRS and they will carve your face on Mt. Rushmore. with a dull spoon.

FTFY

That would put millions out of work.

[404Revolution]

END THE FED

[nathalie20]

I don't understand the US tax system. It sounds so complicated I suspect most Americans don't fully understand it either.

That is the intent.  The entire system is based on deception, obscurity and fraud.


Hear me one time Donald; abolish the IRS and they will carve your face on Mt. Rushmore.

Polish tax system is more stupid than the American system

[Torque]

Wow, Gold continuing its bull tear since Dec.

Insiders must be thinking (knowing?) we'll get some bad news this year. They're always 6-12 months ahead of the public.

[the artful bodger]

I don't understand the US tax system. It sounds so complicated I suspect most Americans don't fully understand it either.

That is the intent.  The entire system is based on deception, obscurity and fraud.


Hear me one time Donald; abolish the IRS and they will carve your face on Mt. Rushmore.

Polish tax system is more stupid than the American system

It's more stupid than having to sell at the end of the year, then buy back a day later, or going for a best case of long term capital gains 366 days after purchase?

[savetherainforest]

wow totally natural non washtraded price increase  

Yep. Just like the totally natural non washtraded price decrease on December 22.  

Jimbo you sounds like you have lost some more money!!!

[explorer]

Wow, Gold continuing its bull tear since Dec.

Insiders must be thinking (knowing?) we'll get some bad news this year. They're always 6-12 months ahead of the public.

WOW gold?  isn't that like that bitcoin thing?

[HairyMaclairy]

There must be a pump on Reddit Gold. 

[Globb0]

Wow, Gold continuing its bull tear since Dec.

Insiders must be thinking (knowing?) we'll get some bad news this year. They're always 6-12 months ahead of the public.

WOW gold?  isn't that like that bitcoin thing?

Gold that thing with lots of mothball mine's waiting to come out of retirement when gold is worth x. with modern extraction techniques that make the old days and numbers comparison totally obsolete.

*edit* in fact lets just say it they don't extract that to keep the price up.

Ask yourself what is manipulation.

[HairyMaclairy]

http://bitguru.co.uk/goldman-to-launch-trading-of-crypto-in-mid-2018/

[TERA2]

Why is it that bitcoin, bitcoin cash, eth, and ripple are now all moving in the same direction. I thought they were antagonistic?

[Enjel]

Why is it that bitcoin, bitcoin cash, eth, and ripple are now all moving in the same direction. I thought they were antagonistic?

(1) They've been moving in the same direction this entire year, and longer.

(2) More money is flowing into the market; 670 billion is a tiny amount of money. It needs to be trillions before any major losses.

(3) There are multiple roles for coins - they need not directly compete.

Truth is, sometimes they are antagonistic, and sometimes they are not.

You still believe in $5500? How about $8000? Maybe it will happen, but first 20k at least.

[gentlemand]

Why is it that bitcoin, bitcoin cash, eth, and ripple are now all moving in the same direction. I thought they were antagonistic?

(1) They've been moving in the same direction this entire year, and longer.

(2) More money is flowing into the market; 670 billion is a tiny amount of money. It needs to be trillions before any major losses.

(3) There are multiple roles for coins - they need not directly compete.

Truth is, sometimes they are antagonistic, and sometimes they are not.

You still believe in $5500? How about $8000? Maybe it will happen, but first 20k at least.

I'd say BCH traditionally does not behave like anything else in relation to BTC. There's usually a very direct correlation. There still is with alts in general but nothing as stark as that.

[TERA2]

Why is it that bitcoin, bitcoin cash, eth, and ripple are now all moving in the same direction. I thought they were antagonistic?

(1) They've been moving in the same direction this entire year, and longer.

(2) More money is flowing into the market; 670 billion is a tiny amount of money. It needs to be trillions before any major losses.

(3) There are multiple roles for coins - they need not directly compete.

Truth is, sometimes they are antagonistic, and sometimes they are not.

You still believe in $5500? How about $8000? Maybe it will happen, but first 20k at least.

$8000 would be a target for any drop in the short term. It might not reach $5500 til later. If it goes into a 2011/2014 style extended bear market it could even reach $3000 after a year or two. Yes it could go higher first too. The lows arent based on the highs, they're based on previous ATH.

[flynn]

Wow, Gold continuing its bull tear since Dec.

Insiders must be thinking (knowing?) we'll get some bad news this year. They're always 6-12 months ahead of the public.

Gold is just another Altcoin with a bizarre POW

[ragnar0k]

Why is it that bitcoin, bitcoin cash, eth, and ripple are now all moving in the same direction. I thought they were antagonistic?

(1) They've been moving in the same direction this entire year, and longer.

(2) More money is flowing into the market; 670 billion is a tiny amount of money. It needs to be trillions before any major losses.

(3) There are multiple roles for coins - they need not directly compete.

Truth is, sometimes they are antagonistic, and sometimes they are not.

You still believe in $5500? How about $8000? Maybe it will happen, but first 20k at least.

Wait, I always have to correct you people here! Tera's target has been consistently increasing by the day. We must stick with his original target of "at least 3000, possibly less"
I must remind this, just in case