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

[infofront]

anybody else get a totally whack 1099-K from Coinbase?

these numbers are absurd

1099-K is not a form that most individuals have ever seen. It is for reporting non-cash money flows - typically used to track credit card receipts for retailers and such. Why Coinbase thinks this is an appropriate filing for individuals is a mystery.

I've not yet looked at mine this year. Last year's was yuuuge. But it did not tabulate any sort of profit, but rather sheer volume of transactions. I filed based on my own tabulation of capital gains, which was a scant fraction of the flows shown on the 1099-K. I have not (as of yet, anyway) been audited for 2017.

So the figures you are seeing on your 1099-K are likely not absurd. Probably correct, just irrelevant.

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[Samarkand]

...
And of course if LN works and transaction costs go really down.
...

I doubt that most centralized hubs will process transactions out of
benevolence - they will take a cut from every transaction. Even if the
Lightning Network works in practice (which is doubtful) and even
if somehow it manages to gain traction in the African countries you still
have the problem of funding LN channels in the first place.

It would not be of much use to people in poorer countries when LN
transactions are dirt cheap (which they probably will not be when
the liquid LN hubs will be run by banks and exchanges), but to get started
you would need to pay a 20 $ fee for the funding transaction on the BTC
main layer.

[kenzawak]

Crypto Exchange Liqui Is Shutting Down, Users Have 30 Days To Withdraw Assets

https://coingape.com/liqui-crypto-exchange-shuts-down-liquidity/

"Today January 28, 2019, Liqui has posted an official announcement that it will be closing down because it cannot continue providing the required services to its users. According to the announcement, users have 30 days from today to withdraw all their assets as all accounts will be shut down after that time."

[Saint-loup]

[vroom]

can you please add some explanation?

[ssmc2]

can you please add some explanation?

We're going down

[El duderino_]

https://twitter.com/TheJeffBridges/status/1089900907586826240
^
from here that BIG LEBOWSKI talk started? commercial for a Belgian beer?
I prefer a new movie ....

[LFC_Bitcoin]

Looks like we’ll go below $3,400 

[AlcoHoDL]

Looks like we’ll go below $3,400  

Good!

I have 3k € waiting to buy BTC.

[El duderino_]

Looks like we’ll go below $3,400 

same as "looks like we'll go to 6-dig" or 
??

[LFC_Bitcoin]

Looks like we’ll go below $3,400 

same as "looks like we'll go to 6-dig" or 
??

Oh yeah we definitely will hit 6 digits in a few years.
I put some cash in the bank earlier, some is to buy bitcoin but I’m going to wait a few days incase we go lower.

[nutildah]

https://twitter.com/TheJeffBridges/status/1089900907586826240
^
from here that BIG LEBOWSKI talk started? commercial for a Belgian beer?
I prefer a new movie ....

That's a bummer, man.

[El duderino_]

Looks like we’ll go below $3,400 

same as "looks like we'll go to 6-dig" or 
??

Oh yeah we definitely will hit 6 digits in a few years.
I put some cash in the bank earlier, some is to buy bitcoin but I’m going to wait a few days incase we go lower.

[El duderino_]

https://twitter.com/TheJeffBridges/status/1089900907586826240
^
from here that BIG LEBOWSKI talk started? commercial for a Belgian beer?
I prefer a new movie ....

That's a bummer, man.

no.... thats a lie, I would love a prequel (but same time its very dangerous to create a worthy prequel on that classic) .....

[nutildah]

no.... thats a lie, I would love a prequel (but same time its very dangerous to create a worthy prequel on that classic) .....

word. probably impossible to surpass or equal the original.

I don't know why I love this GIF so much, but I do. As a grammar nazi the inappropriate apostrophe kind of itches me but its still hilarious.

[El duderino_]

^
indeed "very difficult"

and THX

[El duderino_]

https://twitter.com/TheJeffBridges/status/1089900907586826240
^
from here that BIG LEBOWSKI talk started? commercial for a Belgian beer?
I prefer a new movie ....

I just died a little bit inside  

or you were just fooling me
and I did died a bit as well on the inside

(but still with BTC rekt @the moment.... I wouldn't be able to see the big lebowski getting rekt as well because of a BAD prequel)
so maybe its for the best

[El duderino_]

#BEL+++
       *GIË* ??

[shahzadafzal]

Can some body please stop "Russia Today"!

[infofront]

Bitcoin took another shit, The Dude sold out, we're in for a week of record-breaking low temperatures here, and rumor has it that Trump is caving on the wall.
What else can go wrong?