Bitcoin Forum
July 17, 2019, 07:25:07 AM *
News: Latest Bitcoin Core release: 0.18.0 [Torrent] (New!)
 
   Home   Help Search Login Register More  
Poll
Question: When will bitcoin reach the top of this bull market (i.e. when will it moon)?
Topped at $13,880 in June - 9 (6.3%)
H2 2019 - 15 (10.4%)
H1 2020 - 27 (18.8%)
H2 2020 - 26 (18.1%)
H1 2021 - 12 (8.3%)
H2 2021 - 28 (19.4%)
H1 2022 - 6 (4.2%)
H2 2022 - 4 (2.8%)
H1 2023 - 0 (0%)
H2 2023 - 2 (1.4%)
2024 or Later - 15 (10.4%)
Total Voters: 144

Pages: « 1 ... 20067 20068 20069 20070 20071 20072 20073 20074 20075 20076 20077 20078 20079 20080 20081 20082 20083 20084 20085 20086 20087 20088 20089 20090 20091 20092 20093 20094 20095 20096 20097 20098 20099 20100 20101 20102 20103 20104 20105 20106 20107 20108 20109 20110 20111 20112 20113 20114 20115 20116 [20117] 20118 20119 20120 20121 20122 20123 20124 20125 20126 20127 20128 20129 20130 20131 20132 20133 20134 20135 20136 20137 20138 20139 20140 20141 20142 20143 20144 20145 20146 20147 20148 20149 20150 20151 20152 20153 20154 20155 20156 20157 20158 20159 20160 20161 20162 20163 20164 20165 20166 20167 ... 24577 »
  Print  
Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 21287432 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. (102 posts by 19 users deleted.)
Ivor Biggun
Member
**
Offline Offline

Activity: 196
Merit: 19


View Profile
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.
1563348307
Hero Member
*
Offline Offline

Posts: 1563348307

View Profile Personal Message (Offline)

Ignore
1563348307
Reply with quote  #2

1563348307
Report to moderator
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1563348307
Hero Member
*
Offline Offline

Posts: 1563348307

View Profile Personal Message (Offline)

Ignore
1563348307
Reply with quote  #2

1563348307
Report to moderator
1563348307
Hero Member
*
Offline Offline

Posts: 1563348307

View Profile Personal Message (Offline)

Ignore
1563348307
Reply with quote  #2

1563348307
Report to moderator
illyiller
Hero Member
*****
Offline Offline

Activity: 677
Merit: 515


View Profile
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
bones261
Legendary
*
Offline Offline

Activity: 1610
Merit: 1659


KnowNoBorders.io


View Profile
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

Bitcoinaire
Sr. Member
****
Offline Offline

Activity: 572
Merit: 349



View Profile
April 06, 2018, 01:18:09 AM

The feeling of doom being right around the corner........
gembitz
Sr. Member
****
Offline Offline

Activity: 994
Merit: 353


*Brute force will solve any Bitcoin problem*


View Profile
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?
BobLawblaw
Legendary
*
Offline Offline

Activity: 1330
Merit: 1963


BitcoinTalk's Most Fabulously Gay Black Power-Top


View Profile
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
Ivor Biggun
Member
**
Offline Offline

Activity: 196
Merit: 19


View Profile
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)?
gembitz
Sr. Member
****
Offline Offline

Activity: 994
Merit: 353


*Brute force will solve any Bitcoin problem*


View Profile
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
BobLawblaw
Legendary
*
Offline Offline

Activity: 1330
Merit: 1963


BitcoinTalk's Most Fabulously Gay Black Power-Top


View Profile
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.
Ivor Biggun
Member
**
Offline Offline

Activity: 196
Merit: 19


View Profile
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.
Rosewater Foundation
Sr. Member
****
Offline Offline

Activity: 392
Merit: 254



View Profile
April 06, 2018, 02:15:22 AM

Can we stop pretending three months of crash is somehow tied to tax deadlines?

It would be great.
bitserve
Hero Member
*****
Offline Offline

Activity: 896
Merit: 763


HODL.


View Profile
April 06, 2018, 02:25:40 AM

Can we stop pretending three months of crash is somehow tied to tax deadlines?

It would be great.

We are all gonna die. Really.
bitmover
Hero Member
*****
Offline Offline

Activity: 532
Merit: 868



View Profile
April 06, 2018, 02:26:01 AM

People are doing transactions using lightning network with this wallet on the bitcoin mainnet.

Quote from: @acinq_co

Soon more wallets will be doing this too. This will reflect the price anytime soon.
infofront
Legendary
*
Offline Offline

Activity: 1708
Merit: 1765


Shitcoin Minimalist


View Profile
April 06, 2018, 02:29:42 AM
Merited by jbreher (1)

Can you even buy crypto kitties with Lightning tho?
RoomBot
Legendary
*
Offline Offline

Activity: 1512
Merit: 1096



View Profile
April 06, 2018, 03:35:05 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.

Got my refund.  Bought the dip.

Boom.

FU Capitalism!
Paashaas
Legendary
*
Offline Offline

Activity: 1965
Merit: 1367



View Profile
April 06, 2018, 03:55:39 AM

President Trump has instructed the United States Trade Representative to consider $100 billion of additional tariffs on China.

I like this trading war between China and Uncle Sam, who got the bigger balls and who will bow in the end Smiley
HairyMaclairy
Hero Member
*****
Offline Offline

Activity: 896
Merit: 1447


Degenerate bull hatter & Bitcoin monotheist


View Profile
April 06, 2018, 04:21:45 AM

How do I short both sides?
Toxic2040
Hero Member
*****
Offline Offline

Activity: 658
Merit: 1033



View Profile
April 06, 2018, 04:25:54 AM

Can we stop pretending three months of crash is somehow tied to tax deadlines?

It would be great.

+1 WOsMerit

---------------------

While this is not directly related to bitcoin or the wall I think it worth reading imho.

This is a well written article..up to a point. A lot of bias is carried throughout the dialogue but I think overall its a decent perspective on globalization.

https://www.theguardian.com/news/2018/apr/05/demise-of-the-nation-state-rana-dasgupta

-------------------------

Hmmm..bitcoin.

Ehav ot ays..I ma ushc a cotnraairn..vereythngi sesme ot eb oggni ewll..tey I acn nto shaek tihs fienlge I avhe eben vhinag. Tis ton a ogdo eflinge ni esac ouyr rae nowdnrgie.

Lla thsi takl of coolrde ncoi adn xeahcnesg obglncki nitlces htwi uot irpro tnioec...tsju elaves a eriretbl fateatrste ni ym uothm. I acn mmberere owh ynrag I asw hwen iths sfrit asw oesrisuly dscuissde. I asw isedsp..adn at het mite httough..ko..ihts is a htign..but we will rifuge uto soliutons thta aer fari. 5 yarse tealr...  Taht si chus a nglo
--------------------------
Anyway...I need to vacate..need to clear my thoughts. Time for a weekend sail I do believe.

This chart is absolute shit.. Complete personal bias on how I think the market is behaving. That being said..I do think you will be able to spot structures that have similar resonances to what I have indicated.

Take care at the Wall and be safe out there. #dyor
realr0ach
Sr. Member
****
Offline Offline

Activity: 700
Merit: 296


#TheGoyimKnow


View Profile
April 06, 2018, 04:26:42 AM

President Trump has instructed the United States Trade Representative to consider $100 billion of additional tariffs on China.

I like this trading war between China and Uncle Sam, who got the bigger balls and who will bow in the end Smiley

The real monetary unit of the trade war that most people aren't paying attention to (old chart - numbers are much higher now).  It's a stealth confiscation before revaluation.  Bankers/govt rig paper market while buying all the physical:



fabiorem
Sr. Member
****
Offline Offline

Activity: 812
Merit: 316



View Profile
April 06, 2018, 04:27:38 AM

Can we stop pretending three months of crash is somehow tied to tax deadlines?

It would be great.


Remember the chinese new year? Everybody saying it would stabilize after that...



Pages: « 1 ... 20067 20068 20069 20070 20071 20072 20073 20074 20075 20076 20077 20078 20079 20080 20081 20082 20083 20084 20085 20086 20087 20088 20089 20090 20091 20092 20093 20094 20095 20096 20097 20098 20099 20100 20101 20102 20103 20104 20105 20106 20107 20108 20109 20110 20111 20112 20113 20114 20115 20116 [20117] 20118 20119 20120 20121 20122 20123 20124 20125 20126 20127 20128 20129 20130 20131 20132 20133 20134 20135 20136 20137 20138 20139 20140 20141 20142 20143 20144 20145 20146 20147 20148 20149 20150 20151 20152 20153 20154 20155 20156 20157 20158 20159 20160 20161 20162 20163 20164 20165 20166 20167 ... 24577 »
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!