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

[Last of the V8s]

@LukeDashjr
22h22 hours ago

If anyone who donated to me feels like it, I can pay the tax-man less if you get in touch with your cost basis for the donated coins.

Please use email Luke_donation_costbasis@dashjr.org for this purpose. Don't forget to mention the number of bitcoins you donated & when.

Thanks!

[bitserve]

@LukeDashjr
22h22 hours ago

If anyone who donated to me feels like it, I can pay the tax-man less if you get in touch with your cost basis for the donated coins.

Please use email Luke_donation_costbasis@dashjr.org for this purpose. Don't forget to mention the number of bitcoins you donated & when.

Thanks!

Interesting... How do that work in the USA?

Here, the cost basis of the donator is irrelevant to the one receiving the donated coins, he just have to pay the "donating tax" over the current market value of the asset received. It is the donator who has to pay whatever capital gains he realises at the time of donation (basically the same is if he sold instead of donate).

[orpington]

But give us a good explain

That is funny!

Btw, lets raise fees higher! lol

[cmacwuz]

Watching an NFL playoff game, there's an ad for tonight's news segment on how to get and use bitcoin, followed by an IBM blockchain ad. This time is actually different, we have landed safely into the next stage of mass adoption IMO. I am less worried about hodling than ever before, let's hope our vessel can weather the barrage of private blockchain tech

EDIT: And then an ad of Experian's dark web scan! It is our time to rise from the sewers and take over the surface world!

[jojo69]

but...but...cripto black Monday   ??

[motoprose]

Watching an NFL playoff game, there's an ad for tonight's news segment on how to get and use bitcoin, followed by an IBM blockchain ad. This time is actually different, we have landed safely into the next stage of mass adoption IMO. I am less worried about hodling than ever before, let's hope our vessel can weather the barrage of private blockchain tech

EDIT: And then an ad of Experian's dark web scan! It is our time to rise from the sewers and take over the surface world!

Just like on cointelegraph with every article today being something about bank regulation on crypto currency in asia and about how all cryptos are in the red including the big BTC.
Yeah mass media knows how not to time it right.

Just as bad as that poor work who pressed the button in Hawaii last night saying there was a missle strike and bring back flashback of pearl harbor to those in nursing homes.
Btw those seniors all died last night.

[Wekkel]

Let's hope that we are past the low in the cycle now.

[Last of the V8s]

https://themerkle.com/capital-one-refuses-to-let-customers-buy-cryptocurrency-from-any-exchange/
final whimperings of fiat demise

[bonipper]

https://themerkle.com/capital-one-refuses-to-let-customers-buy-cryptocurrency-from-any-exchange/
final whimperings of fiat demise

Considering the number of newbies trying to get into crypto capital one will lose a lot of customers. They will all vote with their feet and take their business elsewhere.

[jojo69]

https://themerkle.com/capital-one-refuses-to-let-customers-buy-cryptocurrency-from-any-exchange/
final whimperings of fiat demise

because banning a thing has always been so effective at diminishing its dark allure...

oh the wringing of hands and gnashing of teeth is going to be most enjoyable

[d_eddie]

https://themerkle.com/capital-one-refuses-to-let-customers-buy-cryptocurrency-from-any-exchange/
final whimperings of fiat demise

Here's how that article ends.

The big question is why Capital One has made this decision all of a sudden. It is certainly a move that will upset a lot of people and create some negative PR at the same time. While cryptocurrency may still be considered a niche market right now, interest in Bitcoin and altcoins has never been higher. If enough people ditch Capital One because of its aggressive stance toward cryptocurrencies, interesting things may happen in the future. It seems highly unlikely that will be the case, though.

Unlikely or not, the only way I've found effective to deal with a bank is switching to another.

[Last of the V8s]

https://themerkle.com/capital-one-refuses-to-let-customers-buy-cryptocurrency-from-any-exchange/
final whimperings of fiat demise

because banning a thing has always been so effective at diminishing its dark allure...

oh the wringing of hands and gnashing of teeth is going to be most enjoyable

we can celebrate with a little tipple

[jojo69]

...the only way I've found effective to deal with a bank is switching to another not using them.

ftfy

[Dabs]

I use Capital One. But only because they give me 3% cashback on stuff I buy from Costco. It's called something else in my country, but it's obviously Costco.

[JayJuanGee]

Roach has had his funny and artistic moments, including this one.

Indeed...truth be told..he is a much better troll than all of us combined methinks.   

hahahahaha

I would not go so far as to label him as "good" or "better" beyond the fact of his merely having some "from time to time, moments."

[JayJuanGee]

I had one of these kinds of threats with one of my "free" portfolio monitoring apps..   It said:  "we have noticed that you have more than $5k in value in your portfolio, please buy this app.. blah blah blah."  BIG BROTHER is watching, and he wants your BTC.

[JayJuanGee]

@LukeDashjr
22h22 hours ago

If anyone who donated to me feels like it, I can pay the tax-man less if you get in touch with your cost basis for the donated coins.

Please use email Luke_donation_costbasis@dashjr.org for this purpose. Don't forget to mention the number of bitcoins you donated & when.

Thanks!

Interesting... How do that work in the USA?

Here, the cost basis of the donator is irrelevant to the one receiving the donated coins, he just have to pay the "donating tax" over the current market value of the asset received. It is the donator who has to pay whatever capital gains he realises at the time of donation (basically the same is if he sold instead of donate).

Luke dash jr seems to have an "interesting" theory that is likely incorrect.  Unless he is saying that if the donator chooses to NOT claim the basis for their donation, then Luke is going to claim it.  In either case, sounds like a goofy theory.   

[OWZ1337]

I use Capital One. But only because they give me 3% cashback on stuff I buy from Costco. It's called something else in my country, but it's obviously Costco.

CostCo taking bitcoin would be a big deal :-D weee ~ got pizza? 

[bones261]

If you would like to help continue the ongoing stress test to the BCH network, please send 1 BCH satoshi to one of the following addresses. Include a fee of 1 BCH satoshi fee as well. Each address can be decoded to a special message as well.  

173NAdgVkPH816WVdSJQ8rqcAz8Q6MB8bL
17RYviQbW4BhtyzsPq973Mqd8yvJhBnPif
17RYviQbUnELRZwbeuxddyDzGEsJCoy3m7
18bvDcSDVF3aH8WYU26qEUG5ure4ZuiUnA

[Syke]

CostCo taking bitcoin would be a big deal :-D weee ~ got pizza? 

We're within about 10x of a pizza costing 10,000 satoshis, instead of 10,000 bitcoins.