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Question: Closing BTC Price June 28:
$0 - 5 (3.5%)
<$7,000 - 4 (2.8%)
$7,000-$7,499 - 0 (0%)
$7,500-$7,999 - 0 (0%)
$8,000-$8,499 - 1 (0.7%)
$8,500-$8,999 - 3 (2.1%)
$9,000-$9,499 - 4 (2.8%)
$9,500-$9,999 - 26 (18.4%)
$10,000-$10,499 - 23 (16.3%)
$10,500-10,999 - 12 (8.5%)
$11,000-$11,499 - 12 (8.5%)
$11,500-$12,000 - 10 (7.1%)
>$12,000 - 30 (21.3%)
>$20,000 - 11 (7.8%)
Total Voters: 141

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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 21240535 times)
This is a self-moderated topic. If you do not want to be moderated by the person who started this topic, create a new topic. (66 posts by 16 users deleted.)
RoomBot
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April 05, 2018, 10:47:29 PM

Basically I'm thinking I don't know what I was thinking not selling at $19k or at $14k. I totally capitulated in spirit around $7900. We're now a thousand below that and I'm thinking, what will I be thinking in another 3 months. Huh

Hindsight is a bitch, and most of us are probably in the same boat. As long as you believe in Bitcoin, it will all work out.

I just want it on the record that I do not want any more cheap coins. My TA lol tells me we're casting pearls before swine at these prices.


Remember that in 2020 at the next halvening....
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April 05, 2018, 10:57:52 PM
Merited by bones261 (1)

Looks like today The Bear is ...



And after ..



But SOOOOON....

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April 05, 2018, 11:18:00 PM

For everyone claiming bitcoin is already in a bear market - yea, the price is imploding and everything, but I'd say the vast majority of people in craptocurrency are all still way up.  The bottom of a bear market is when most people are either underwater or somewhere near break even.  This is why capitulation has probably not occurred yet and you should not be surprised to see the terror wave rolling through eventually.
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April 05, 2018, 11:22:48 PM

Coinbase isn’t going to list a coin designed to get rid of Coinbase. 
quite. but noob alt traders be like


I am sorry, but I find that this woman did try. And that's worth saluting Smiley. And apparently she isn't insulting or degrading or anything negative, but just in between 2 galaxies...

so thumb up, heart, friend request and peace sign Smiley!

hug noob.

Or she is making fun or Star Warts. Smiley
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April 05, 2018, 11:35:05 PM
Merited by bones261 (1)

Nice (but high price over spot) 20 oz silver bear vs bull statue (only 1000 made, though):



https://www.jmbullion.com/20-oz-antique-finish-bull-and-bear-silver-statue-set/
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April 06, 2018, 12:05:34 AM

For everyone claiming bitcoin is already in a bear market - yea, the price is imploding and everything, but I'd say the vast majority of people in craptocurrency are all still way up.  The bottom of a bear market is when most people are either underwater or somewhere near break even.  This is why capitulation has probably not occurred yet and you should not be surprised to see the terror wave rolling through eventually.

Maybe so, but there will be a bounce or several along the way.

It may take some time.
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April 06, 2018, 12:12:32 AM

Ok motherfuckers.  We are at the bottom or close to it.

Sell pressure will ease after April 17 (US tax payment day) and Bitcoin will bounce. 

We may wobble a bit between here and there but I doubt we will get as low as $5k in the next 12 days.

I will watch the action carefully around that date.

I am not sure that tax selling has a lot of effect. Other forces are much larger.

There may be a bounce, but it is likely to have another driver.
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April 06, 2018, 12:46:16 AM

Ok motherfuckers.  We are at the bottom or close to it.

Sell pressure will ease after April 17 (US tax payment day) and Bitcoin will bounce. 

We may wobble a bit between here and there but I doubt we will get as low as $5k in the next 12 days.

I will watch the action carefully around that date.

I am not sure that tax selling has a lot of effect. Other forces are much larger.

There may be a bounce, but it is likely to have another driver.

I agree. First of all, I am not convinced a high percentage of American's that have profits to report from cryptocurrency, are bothering reporting it. If someone is a day trader, it's a nightmare. Second, many of those who are honest and report have already sold their coins and paid. One should pay quarterly to avoid penalties. If not quarterly, then one should pay Asap to avoid penalties. There may have been many who simply held out, hoping for a better price. However, I do not think this is a huge factor in our current bearish market.
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April 06, 2018, 12:50:07 AM

Is it just me, or are we forming a base here? Looks like an accumulation pattern that's aching to break upwards. (Looking at the 30-min - 1-hour charts)

I was all ready for doom too. Smiley
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April 06, 2018, 12:55:58 AM

Is it just me, or are we forming a base here? Looks like an accumulation pattern that's aching to break upwards. (Looking at the 30-min - 1-hour charts)

I was all ready for doom too. Smiley

\\\\____$3500 looks like bottom however $2500 test would make more sense from $5000 pivot :-D weee
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April 06, 2018, 12:59:11 AM

Ok motherfuckers.  We are at the bottom or close to it.

Sell pressure will ease after April 17 (US tax payment day) and Bitcoin will bounce.  

We may wobble a bit between here and there but I doubt we will get as low as $5k in the next 12 days.

I will watch the action carefully around that date.

I am not sure that tax selling has a lot of effect. Other forces are much larger.

There may be a bounce, but it is likely to have another driver.

I agree. First of all, I am not convinced a high percentage of American's that have profits to report from cryptocurrency, are bothering reporting it. If someone is a day trader, it's a nightmare. Second, many of those who are honest and report have already sold their coins and paid. One should pay quarterly to avoid penalties. If not quarterly, then one should pay Asap to avoid penalties. There may have been many who simply held out, hoping for a better price. However, I do not think this is a huge factor in our current bearish market.


Bob's not worried about penalties. He's putting off paying until next quarter, and paying the penalty. He's hoping bitcoin going back up in price will offset that penalty.

My accountant just got back to me. It's hell season for him, and dude is flying cross-country dealing with his larger clients.

Delaying a tax payment on $nM from one quarter to the next is negligible. 4% penalty annually (compounded daily so it works out to more than that, actually). The IRS is going to assume I owe 1/4 of $nM of the tax per quarter unless we specify otherwise (which we ultimately will, because I'm strange like that)

tl;dr: 1/4 of a 4% tax payment obligation on $nM, delayed a quarter, is a reasonable penalty in a down crypto market - assuming we don't head even lower in Q2.

Will take my chances and HODL.
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April 06, 2018, 12:59:19 AM

Is it just me, or are we forming a base here? Looks like an accumulation pattern that's aching to break upwards. (Looking at the 30-min - 1-hour charts)

I was all ready for doom too. Smiley

\\\\____$3500 looks like bottom however $2500 test would make more sense from $5000 pivot :-D weee

Yup, $2500 zone is my ultimate doom target. It's the area where the Wyckoff spring broke up last year and the bubble really began. It's the biggest base on the 2017 chart besides the $1000 area.

In before we go to $999 (dead srs). Tongue
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April 06, 2018, 01:06:28 AM

Is it just me, or are we forming a base here? Looks like an accumulation pattern that's aching to break upwards. (Looking at the 30-min - 1-hour charts)

I was all ready for doom too. Smiley

\\\\____$3500 looks like bottom however $2500 test would make more sense from $5000 pivot :-D weee

Going all in 100x leverage short on Bitmex!

https://twitter.com/bitmexrekt?lang=en

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April 06, 2018, 01:18:09 AM

The feeling of doom being right around the corner........
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April 06, 2018, 01:31:59 AM

The feeling of doom being right around the corner........

cheep corns my friend :-D >>sub $5000 real money buys in?
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April 06, 2018, 01:43:30 AM
Last edit: April 06, 2018, 08:27:07 AM by BobLawblaw

Bob's not worried about penalties. He's putting off paying until next quarter, and paying the penalty. He's hoping bitcoin going back up in price will offset that penalty.

I'm actually considering making at least a 25% payment for the Q1FY18 activity, instead of a 100% payment in Q2FY18.

Still expecting sticker shock from my accountant on what our April 15th FY17 obligations are, but rough mental numbers tell me I have enough cash liquid - in accounts I wouldn't feel bad touching - to deal with at least a 25% payment on my Q1FY18 activities, on top of whatever we're likely to owe for FY17.

Our buttholes have been pretty darned puckered lately, in anticipation of the tax bill.

Less than 10 days to deadline.

Sheeit.

EDIT: A word
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April 06, 2018, 02:00:54 AM

Bob's not worried about penalties. He's putting off paying until next quarter, and paying the penalty. He's hoping bitcoin going back up in price will offset that penalty.

I'm actually considering making at least a 25% payment for the Q1FY18 activity, instead of a 100% payment in Q2FY18.



Do you have to make that payment in fiat before the end of the tax year (in less than 10 days)?
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April 06, 2018, 02:04:10 AM

Bob's not worried about penalties. He's putting off paying until next quarter, and paying the penalty. He's hoping bitcoin going back up in price will offset that penalty.

I'm actually considering making at least a 25% payment for the Q1FY18 activity, instead of a 100% payment in Q2FY18.

Still expecting sticker shock from my accountant on what our April 15th FY17 obligations are, but rough mental numbers tell me I have enough cash liquid - in accounts I wouldn't feel bad touching - to deal with at least a 25% payment on my Q1FY18 activities, on top of whatever we're likely to owe for FY17.

Out buttholes have been pretty darned puckered lately, in anticipation of the tax bill.

Less than 10 days to deadline.

Sheeit.

i wonder >_> can you "airdrop" coins for a write off? :-D weeee
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April 06, 2018, 02:08:29 AM

Do you have to make that payment in fiat before the end of the tax year (in less than 10 days)?

Yep. Q1 current year payments due same date as prior FY payment.

From https://www.taxact.com/reference/library-calendar-fytaxpayers

Quote
Fiscal Year Taxpayers
If you use a fiscal year (rather than the calendar year) as your tax year, you should change some of the dates in this calendar. Use the following general guidelines to make these changes.

The 3 months that make up each quarter of a fiscal year may be different from those of each calendar quarter, depending on when the fiscal year begins. Also see Saturday, Sunday, or legal holiday.

Individuals
Form 1040. This form is due on the 15th day of the 4th month after the end of your tax year.

Estimated tax payments (Form 1040-ES). Payments are due on the 15th day of the 4th, 6th, and 9th months of your tax year and on the 15th day of the 1st month after your tax year ends.
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April 06, 2018, 02:12:54 AM

Do you have to make that payment in fiat before the end of the tax year (in less than 10 days)?

Yep. Q1 current year payments due same date as prior FY payment.



That might partially explain the dump.
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