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

[ChartBuddy]

Explanation
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[JimboToronto]

What tools do you guys use for figuring out your tax obligations?

edit: for your bitcoin transactions I mean

My accountant.

Capital gains are capital gains, whether Bitcoin or otherwise.

Edit: My accountant is not a tool. Actually, he's a nice guy. Pisses some people off though... bit of an attitude.

[DirtyKeyboard]

What tools do you guys use for figuring out your tax obligations?

edit: for your bitcoin transactions I mean

USA IRS?  In the past I've used Koinly exporting to HRBlock Deluxe.
I think Koinly is great for just tracking, or double checking your numbers.  You can set up the full account, just without downloading tax form privilages, for free.   Connect your wallets. or upload transaction pdfs, or manually input cost basis.  It will show your profits, balances, taxes due, just not export it.

Code:

https://koinly.io/

 
https://koinly.io/

[ChartBuddy]

Explanation
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[Biodom]

What tools do you guys use for figuring out your tax obligations?

edit: for your bitcoin transactions I mean

USA IRS?  In the past I've used Koinly exporting to HRBlock Deluxe.
I think Koinly is great for just tracking, or double checking your numbers.  You can set up the full account, just without downloading tax form privilages, for free.   Connect your wallets. or upload transaction pdfs, or manually input cost basis.  It will show your profits, balances, taxes due, just not export it.

Code:

https://koinly.io/

 
https://koinly.io/

Koinly treats not-merged txns (from exchange to your own wallet) as profit, lol.
It requires, basically, to check each and every txn and see that it is "merged".
https://support.koinly.io/hc/en-us/articles/9917573707676-How-Koinly-handles-transfers-between-your-own-wallets

Imho, if you only have a dozen or less txn/year, then no need for koinly shmoily.
If hundreds, then maybe OK, providing that you have time to "merge" the misbehaving txns.

[OgNasty]

What tools do you guys use for figuring out your tax obligations?

edit: for your bitcoin transactions I mean

I usually only have 1 sell per year so taxes aren’t all that difficult. Especially if you consider taxes beforehand and make sure that the amount you sell corresponds with an amount that you can easily show a cost basis for. That simplifies things a great deal.

[ChartBuddy]

Explanation
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[ChartBuddy]

Explanation
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[ChartBuddy]

Explanation
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[Chibit01]

Explanation
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Nobody should panic about the downtrend we are going higher every day by day it is part of the trend either uptrend or downtrend but bitcoin will always be the best asset to invest in because you don't lose you only reduce the worth which if you can be honest and patient with your asset definitely it will get back to feet

[DirtyKeyboard]

ChartBuddy's 24 hour Wall Observation recap
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[xzy887]

[Zaharai]

Have you ever sold gold and bought #bitcoin instead?


https://twitter.com/21bitcoinApp/status/1769623817138126865

[ChartBuddy]

Explanation
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[AlcoHoDL]

Got so many calls,
From old friends who ignored me,
Asking how it's done.

"Google it" I say.
"Google what?" I hear some cry...
"Click here" I reply!

#pleasemakeitstophaiku

That is funny, but it is not very nice... and I suppose it depends on the "friend."

I know that it can get annoying to continue to have to say the same thing to people and they continue to ignore us and they fail/refuse to act and/or to take responsibility for their own research, due diligence and also taking proper steps rather than having to get spoon fed and hand holding along the way..

There are ONLY so many hours in the day... and yeah, maybe if they came to you after having had done some proper research, then surely there is information out there.. but sometimes they might still need to be guided to help to know the difference between good information and information that is not so good.

I am not completely disagreeing with your seeming saltiness, but there are virtues in patience too.. .. maybe een to suggest an assignment and then have them come back to you after they did the assignment.

[...]

The next haiku in the sequence completes the story:

I may play it tough,
I may smile while I'm angry,
But I always help.

Sad part is, many of them end up at a loss by selling the next dip. What to do? What to do?

[Amphenomenon]

Oh yes, Sunday now
Weekend dump before the pump
Healthy correction

BTC is really for the strong hearted... and those who look at it from macro-level.

Just when we are all enthralled with the enthusiasm of $100k price, it is already heading north not because it is the right direction at this time but just to prove that no one can accurately predict its movement. The best we can do while it decides what it wants to do. Anyways, 1BTC = 1BTC, and you only lose when you sell.

Now I see why people do this "1BTC = 1BTC" thingie...

It is because it is so difficult to keep track of its price... but still. it just isn't saying anything... even though maybe someone is using the expression to say to hang onto your BTC and/or stack more of them if you can no matter how much they might cost in terms of fiat.  Even though I don't really disagree with it, I still don't really like the expression.

I saw this yesterday, we can how past predictions is failing already, 2030 $90,962.23 when in reality we are expecting $100k around this year and next year.
Bitcoin price in the long term is not predictable. I agree with the 1BTC = 1BTC.

In the end what matters is to keep stacking because nobody may get the actual price but this we know that HODLing bitcoin will make us rich.
I have a question, do you think anyone doing DCA should switch to Lump Sum strategy?
Since we are aware of the up bitcoin halving in a month+ from now and getting bitcoin during at that time will helps us acquire more quantity of bitcoin in comparison with the quantity we can acquire through DCA now to that time

[ChartBuddy]

Explanation
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[Gachapin]

What tools do you guys use for figuring out your tax obligations?

edit: for your bitcoin transactions I mean

not selling 

[goldkingcoiner]

Good morning, WO.

You guys had a good weekend?

[ChartBuddy]

Explanation
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