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

[TheJuice]

Congrats HODLers. Exciting time again. Very little muggle buzz. Would love to crack ATH day of halving.

[Biodom]

All that...and the fact that Bitcoin is above $1 tril... is groovy.

[Biodom]

I'm not living a flamboyant luxurious life style but...

....it feels good to be a (silent/secret) millionair.

At some point they will attempt to make some silly documentaries about these made up "facts":

1. "A 16 year old bought bitcoin with his/her lunch money in 2013 and now he/she is a millionaire".
2. "Grandma is a secret millionaire: she bought bitcoin at $10"
3. " A guy found his old wallet where he earned bitcoin by joking about farting in 2011...and now he is a millionaire".
5. " A gal got 5 bitcoins from Gavin Andresen's faucet using four different email addresses and now she is a millionaire"

I have to say that it is prudent to try and document your purchases when, I expect, it would be large enough (maybe it is already now), financiers would start asking about the source of funds. One women in Israel, I believe, said that she was not able to convince authorities that her $150K in btc is legit and they did not allow her to take profit easily (directly to the bank account).

BTW, for the first time Turbotax (for US) has a separate rubric (folder) for cryptocurrency taxes (due for 2023).

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[vapourminer]

I have to say that it is prudent to try and document your purchases when, I expect, it would be large enough (maybe it is already now), financiers would start asking about the source of funds. One women in Israel, I believe, said that she was not able to convince authorities that her $150K in btc is legit and they did not allow her to take profit easily (directly to the bank account).

yeah proof of funds or whatever. a while back i signed my various mining pool payout addys to show when, where and what i mined and that i controlled those coins. then saved all that info appropriately. so if they ask i can show them that.

[hisslyness]

@JayJuanGee @philipma1957 @ChartBuddy: When page parity? Need you to step up your game, price is running up fast! At this rate we need 309,900 post, or about 100,000 from each of you...

On another note, bought a hobby car, currently rebuilding engine (top half of engine), cleaning, repairing injectors and upper intakes. Taking up the bulk of my spare time!.. Lots of fun!



Can anyone tell what car it is from the engine bay photo?

I think its a Nissan, searching, late 90's maybe?

300zx?

I really don't know Japanese cars.

Come on SF punch that thing in!

Late 2019 Tesla Model 3 performance in black with white interior.

Were you able to read the serial off it or something?

1993 Nissan 300zx Twin Turbo 2+0 Targa Top (Could be considered a Lambo.. Diablo does have it's two head lights)

[JimboToronto]

I have to say that it is prudent to try and document your purchases when, I expect, it would be large enough (maybe it is already now), financiers would start asking about the source of funds. One women in Israel, I believe, said that she was not able to convince authorities that her $150K in btc is legit and they did not allow her to take profit easily (directly to the bank account).

yeah proof of funds or whatever. a while back i signed my various mining pool payout addys to show when, where and what i mined and that i controlled those coins. then saved all that info appropriately. so if they ask i can show them that.

Both my accountant and the Canada Revenue Agency were impressed by the fact I had the original transaction records of the bitcoins I bought from ATMs back in the day.

The first time I deposited cash from Bitcoin liquidations in my bank account, along with invoices from the transactions, the head office of the bank called and wanted to know where I got the money to buy the bitcoins. I sent them scans of the transaction records showing that I paid peanuts and that it was mostly capital gains. That shut them up.

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[OgNasty]

1. "A 16 year old bought bitcoin with his/her lunch money in 2013 and now he/she is a millionaire".

BTW, for the first time Turbotax (for US) has a separate rubric (folder) for cryptocurrency taxes (due for 2023).

Sounds like the kids from Bees Brothers right here on this forum. I guess they aren’t kids anymore, but they were back in 2013.

I’m not sure what that means about TurboTax, but it would be nice if you could just link your exchange account and then fill in any missing information that may be needed.

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[Biodom]

1. "A 16 year old bought bitcoin with his/her lunch money in 2013 and now he/she is a millionaire".

BTW, for the first time Turbotax (for US) has a separate rubric (folder) for cryptocurrency taxes (due for 2023).

Sounds like the kids from Bees Brothers right here on this forum. I guess they aren’t kids anymore, but they were back in 2013.

I’m not sure what that means about TurboTax, but it would be nice if you could just link your exchange account and then fill in any missing information that may be needed.

I don't think they can do it like they do for stocks because how would they know the cost basis, especially if you withdrew, then deposited back, partially?
That said, I think that they allow uploads from cryptocurrency tax services and a raw CSV file of txns.
BTW, beware of those uploads from brokerages/investment firms, etc.
Most of the time they are good, but sometimes the form goes kablooey and inputs wrong info into the required boxes.
I always check a few times.

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[shahzadafzal]

Done!

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[Gachapin]

Done!

i hope that wasn't a local peak signal

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[Zeunerts]

So I have been here since 2013 and have seen the market go up and down several times and everyone is talking about the coming halving, estimating the 2025 ATH based on previous halvings/history. Thats fine.
But the more I think about it - it feels different this time - I am not sure we are prepared.

Are we prepared? I have a feeling I need to hodl on harder than ever, since it seems everyone wants a piece of the cake now.. and they wont be getting any from me.