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

[BitcoinBunny]

Only question I would have if I pay for a Tesla with BTC am I still liable for Capital Gains Tax or not.  

If you pay for it without converting it to fiat your not liable, for the simple fact that Bitcoin is outside of any country jurisdiction.
If you use a payment processor or such to use government property as in fiat you pay full fiat gain.  Anything which belongs to country (fiat..) or is registered in a country (car, company...) is taxable. If you create your own token it is your property just like when you knit a jumper if sold for fiat, taxed, if exchanged for another non government property (another token, homemate something..) its not. Not tax advice

Interesting.

Thanks.
Will probably speak to a tax advisor nearer the time.

[1714681019]

1714681019

[1714681019]

1714681019

[Richy_T]

 
Just tried to order one from eurozone - no BTC option

 

90k and GBP at that? Ouch!

[Richy_T]

A merit reward for best meme that reflects the power of musk tweets

A moment of silence for remembering when rewards came in BTC.

[Wilhelm]

Only question I would have if I pay for a Tesla with BTC am I still liable for Capital Gains Tax or not.  

If you pay for it without converting it to fiat your not liable, for the simple fact that Bitcoin is outside of any country jurisdiction.
If you use a payment processor or such to use government property as in fiat you pay full fiat gain.  Anything which belongs to country (fiat..) or is registered in a country (car, company...) is taxable. If you create your own token it is your property just like when you knit a jumper if sold for fiat, taxed, if exchanged for another non government property (another token, homemate something..) its not. Not tax advice

Your advise is bad.... and verifiably false

Physical gold is taxed under US law.

Crypto is too...

Knitted jumpers too if you make them with intent to sell...

https://3commas.io/blog/cryptocurrency-taxes-guide

[shahzadafzal]

Only question I would have if I pay for a Tesla with BTC am I still liable for Capital Gains Tax or not. 

If you pay for it without converting it to fiat your not liable, for the simple fact that Bitcoin is outside of any country jurisdiction.
If you use a payment processor or such to use government property as in fiat you pay full fiat gain.  Anything which belongs to country (fiat..) or is registered in a country (car, company...) is taxable. If you create your own token it is your property just like when you knit a jumper if sold for fiat, taxed, if exchanged for another non government property (another token, homemate something..) its not. Not tax advice

Your advise is bad.... and verifiably false

Physical gold is taxed under US law.

Crypto is too...

Knitted jumpers too if you make them with intent to sell...

https://3commas.io/blog/cryptocurrency-taxes-guide

More if we don't pay taxes then whole system collapse... Bitcoin is not against taxes... and it's never intended to do that... let suppose Bitcoin goes mainstream and we start getting our salaries or income in Bitcoins aren't we supposed to do our taxes anymore?

Bitcoins opposes inflation and no controlling or monitoring body and that's it other things should remain as it is. and yes, you are questionable by authorities about how you got your Bitcoins? Of course, you can argue how would they know if you keep your Bitcoin in a secret wallet. Then what is the use of those Bitcoin if they will stay in your secret wallet for ever and ever…. one day you have use them. Let it be your expenses, housing or any other liability and at that time you have to prove the ownership of those Bitcoins if asked.

This is my point of view... yes you can disagree.

[El duderino_]

Hmmm so some are waking up and thinking this is bad news ...? Not a good Elon tweet?

Strange or is something boiling up?

[shahzadafzal]

#Bitcoin has no borders

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https://twitter.com/relai_ch/status/1374477581676810250?s=21

[rdbase]

Only question I would have if I pay for a Tesla with BTC am I still liable for Capital Gains Tax or not.  

Don't know but ask her this question after selling her btc (a week too early gurl!) to buy a tesla.
She will definitely be paying a capital gains tax on the way she did it by selling her btc then using it to buy a tesla with it.
https://www.youtube.com/watch?v=nzNPfBA7tLM
Maybe Elon can credit her with some kind of carbon emmissions write-off that california has for buying an electric car they had years ago.
Hah!
Who knows, ask Elon to register here on the forums since he is a hodler and respond to this very delicate question.

[JayJuanGee]

https://twitter.com/elonmusk/status/1374619379929772034?s=20

Even better

That is a pretty bold assertion to say that purchases from bitcoin are going to be retained as bitcoin, but surely remains somewhat vague in terms of how long such a policy/practice might last - 6 months?  6 years?  some other timeline to perhaps reconsider such policy?  Of course, any company, such as Tesla, is going to retain discretion to change its policies/practices at any time regarding what it is able to do.. and sure any public company will be a bit more limited in being whimsical, especially if they make a statement about finances and then later might change its position about its finances it may well have some obligations to justify its change in policy/practices if it could be inferred that their announcements could be read as engaging in market manipulation attempts.

Come on Elon don’t leave us euros behind 

He makes us a favor: later we'll have to pay less bitcoin for the same car. 

Which, in a nutshell, is why very few people will actually do it.

I am sure on the website there might be some limitations, but there could be some folks who do not mind getting rid of a fraction of a bitcoin (for a whole car), or a bitcoin or 2 or even 3, but some BTC HODLers might have cashflows that cause it to be much more reasonable feasible for them to pay partially for their Tesla in bitcoin and partially in cash. 

So I would think that those kinds of ways to split payment methods would be quite possible and practical, too.

[BobLawblaw]

Full Disclosure: Waiting for funds to clear so I can clean out my balance on the exchange, and loading up for a small sell order @ $60k USD for further funding of Ranchero Lawblaw. Hoping it happens in this tax-quarter.

Was going to wait for $75k and sell a larger chunk, but purpose-selling at $60k for the ranch build is justifiable to me.

Rick is already starting to stress out about cost overruns, and I'll be Goddamned if I'm going to let dude cheap out on my dream ranch-home build, so, yeah. Gotta smack that little bitch with my wallet.dat again.

"Yes. I want a fucking fishing dock. I don't see the problem spending $15k to have one properly built, goddamnit. Yes, I understand a new high quality fence will likely set us back $50k-$60k around the perimeter. Yes. I expect the bridge engineering and construction to cost north of $100k" sorta shit.

We have problems.

[Wilhelm]

Only question I would have if I pay for a Tesla with BTC am I still liable for Capital Gains Tax or not. 

If you pay for it without converting it to fiat your not liable, for the simple fact that Bitcoin is outside of any country jurisdiction.
If you use a payment processor or such to use government property as in fiat you pay full fiat gain.  Anything which belongs to country (fiat..) or is registered in a country (car, company...) is taxable. If you create your own token it is your property just like when you knit a jumper if sold for fiat, taxed, if exchanged for another non government property (another token, homemate something..) its not. Not tax advice

Your advise is bad.... and verifiably false

Physical gold is taxed under US law.

Crypto is too...

Knitted jumpers too if you make them with intent to sell...

https://3commas.io/blog/cryptocurrency-taxes-guide

More if we don't pay taxes then whole system collapse... Bitcoin is not against taxes... and it's never intended to do that... let suppose Bitcoin goes mainstream and we start getting our salaries or income in Bitcoins aren't we supposed to do our taxes anymore?

Bitcoins opposes inflation and no controlling or monitoring body and that's it other things should remain as it is. and yes, you are questionable by authorities about how you got your Bitcoins? Of course, you can argue how would they know if you keep your Bitcoin in a secret wallet. Then what is the use of those Bitcoin if they will stay in your secret wallet for ever and ever…. one day you have use them. Let it be your expenses, housing or any other liability and at that time you have to prove the ownership of those Bitcoins if asked.

This is my point of view... yes you can disagree.

Exactly.

My point was that you aren’t exempt of taxes
You can hide these taxable goods, just like burying gold in your back yard, but this is your own responsibility. Nobody can take your bitcoins unless they have your keys...

I would pay the taxes, just so that cashing your millions won’t put up red flags and give you tax evasion dramas...

My 2cts

[JayJuanGee]

[...]
Anyone really believes that bitcoin gives any shits about what month we happen to be in or might be in or going to be in?  believe what you like, including about whether those shadows on the wall represent something real or may it not be better to step outside?

Bitcoin the network obviously doesn't care. However bitcoin as a token does, because it is being traded by humans (and bots configured by humans). Traders all day look for patterns, try and find something to hold on to predicting the future. This data might be one of those, and when it repeated itself over the last few years, in a traders mind it might just do the same this time again. It becomes a self fulfilling prophecy until it doesn't (a few whales decide differently).

Surely, your comment is fair in terms of pointing out that a variety of factors can be and will be considered in attempting to determine where the BTC price might be going based on where we are at and where we have been.   So, not even I was attempting to totally poo poo the historical representations regarding where the BTC price had been in various previous months... so the contents of the criticisms of my earlier post are not inconsistent from what you are saying bitebits - and so I stand by those earlier comments, even though I do appreciate that my tone may have been a bit strong in making that point and maybe even causing it to appear that I do not consider any value in looking at some historical data, even selectively chosen historical data - but surely, sometimes I get a bit perturbed when too much predictive assertions seem to be being made from data that is limited in a variety of ways (as I already pointed out... and likely are not even all of the criticisms that can be made).   

By the way, I will admit that I do tend to be less critical of bullish predictions than I am about bearish predictions, and largely because I believe that bearish predictions tend to be more damaging in terms of contributing to the reluctancies that normies have in terms of preparing their lil selfies for UPpity, which they do not have the same problem in terms of preparing for DOWNity since most normies (likely in the 95% plus arena - which may even include a decent number of folks who have already bought bitcoin and continuing to fail and refuse to pee pare dee selfies for UPpity - including peeps participating in this here thread, believe it or no) are already prepared for DOWNity by failing and refusing to take a reasonable and adequate bitcoin position.. in my humble bumble opinion.

[EatonABooger]

Full Disclosure: Waiting for funds to clear so I can clean out my balance on the exchange, and loading up for a small sell order @ $60k USD for further funding of Ranchero Lawblaw. Hoping it happens in this tax-quarter.

Was going to wait for $75k and sell a larger chunk, but purpose-selling at $60k for the ranch build is justifiable to me.

Rick is already starting to stress out about cost overruns, and I'll be Goddamned if I'm going to let dude cheap out on my dream ranch-home build, so, yeah. Gotta smack that little bitch with my wallet.dat again.

"Yes. I want a fucking fishing dock. I don't see the problem spending $15k to have one properly built, goddamnit. Yes, I understand a new high quality fence will likely set us back $50k-$60k around the perimeter. Yes. I expect the bridge engineering and construction to cost north of $100k" sorta shit.

We have problems.

nothin wrong with a few "first world" problems my man   : )

[JayJuanGee]

https://twitter.com/elonmusk/status/1374619379929772034?s=20

Even better

That's the most important news. The fact that they accept bitcoin is known for long!

But the JP-Morgan news last week should have us moved up the 65k easily. As a rich person you can buy Bitcoin from JP Morgan. But we are in  a highly manipulated market. This week the opion expiring will cause market movement. We will see, if someone will dump on the tesla news as well... I would not wonder, if we go down again, because the market is manipulated like fuck! (sorry, the last 3 weeks of bullish news should have us moved so much higher, insted we testes 54k again?! Yeah ... totally natural market behaviour!)

Yes of course there is totally normal and natural market behavior and manipulation is ONLY one factor, so why the fuck you focusing on one factor and trying to make some kind of case for being able to see what is going on or what you believe is going to happen, which may or may not be what is going on and the predictive value of your whining also seems quite questionable at best.

Yes, the BTC price goes down based on a variety of factors including the fact that it went up, including going up more than 20% in March, so far, in spite bouncing around a 9% correction (at $56,200) from its March 13 top of $61,782.

What the fuck you expect?  The BTC price to go straight up, then you can proclaim that there is no manipulation and the price is moving with the news, blah blah blah.. nonsense?

Even if you zoom out a wee bit, you should likely be able to appreciate that in the past couple of weeks, the BTC price has largely been bouncing around a 5x to 6x price appreciation that had happened largely since about early September.. sure slowly at first but seemingly increasing as we had gone along into December and thereafter...

So you believe it is quite obvious that BTC prices should be continuing to go up from here.. What a bunch of nonsense to create such unidirectional expectations, even though, sure, the UPpity may happen and may continue, but then again, there may be some need for a correction.. whether your little whiny ass can hang on or not in the event that such a large correction might take place.. and sure the manipulation including the creation of large corrections is to shake some of the whiny asses like yourself out.. take your profits now if you might not be able to hang onto a BIGGER correction that may well take place long before more UPpity.. or a sufficient amount of UPpity takes place to your likenings.

56k

"in MINUTES" actually made my day.
Thanks, now off to the dirty isolation work and see you later after the pump  

Download your 200mb jpeg in less than an hour!!!!!!!

No Moon until Elon posts on WO.

If Elon was already posting here, surely he'd be none other than proudhon?

Actually, I was thinking about who Musk might be in the WO, and surely proudhon would be a decent candidate.

[Krubster]

I've been absent lately, but I just wanted to share that I bought the dip a couple of days ago.



(€45,050 ≈ $53,300)

[vroom]

#Bitcoin has no borders

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https://twitter.com/relai_ch/status/1374477581676810250?s=21

IN is not part of this

[brokedummy]

I wish somebody would smack me with a wallet.dat

[gembitz]

sell farm > buy NFTzzz x100 bagger!! :-D yeeeeeeee

[JayJuanGee]

Yo how do I get merit points if the only thread I post in is WO? I feel old, but I still don't have the legendary shiny coins under my name.
This gamification is killing me.

Not that I have any crypto coins under my name either

First:  WO participation remains at the top of the most-merited threads on the forum..

Second: you seem to be playing somewhat ignorant with your assertion about not knowing how to get merits.. blah blah blah.. .. I will try to give you some benefit of the doubt, just in case you actually don't know (highly unlikely)... In essence post in what you are interested in and try to be helpful to other posters whether that is substance or humor, and likely with the passage of time, more and more members get to know you and more and more merits will likely flow in your direction.  Sure, you can be provocative, engaging and critical or you can be pandering, so there are a variety of styles that work that may get the attention of some members to be inspired to merit your posts.

Third:  your note at the end of your above post about "crypto".. fuck that shit... try to learn the difference between bitcoin and the use of an amorphous (who the fuck knows what it means) term such as crypto when you might be posting within a bitcoin thread, such as this here one.

Fourth: ultimately make up your mind what you want to do exactly and how you want to post, and in that regard, sure you can consider whatever various members might say or not say to you (including what I said in this post to the extent that it is anything but my opinion and surely not any kind of representation regarding what other members might believe), but in the end, it is your choice regarding how to present yourself in this thread or in other places in the forum and whether to tweak your presentation of yourself from time to time.

[cAPSLOCK]

Full Disclosure: Waiting for funds to clear so I can clean out my balance on the exchange, and loading up for a small sell order @ $60k USD for further funding of Ranchero Lawblaw. Hoping it happens in this tax-quarter.

Was going to wait for $75k and sell a larger chunk, but purpose-selling at $60k for the ranch build is justifiable to me.

Rick is already starting to stress out about cost overruns, and I'll be Goddamned if I'm going to let dude cheap out on my dream ranch-home build, so, yeah. Gotta smack that little bitch with my wallet.dat again.

"Yes. I want a fucking fishing dock. I don't see the problem spending $15k to have one properly built, goddamnit. Yes, I understand a new high quality fence will likely set us back $50k-$60k around the perimeter. Yes. I expect the bridge engineering and construction to cost north of $100k" sorta shit.

We have problems.

Rich people problems.  It's all your black, gay, cowboy privilege. Check it!

I once played a gig at the house (highland park) of DFW's ranch fence mogul, if you want me to get you the info let me know.  His house did not speak to him being the "discount" guy though, lol.