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

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

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[JimboToronto]

Good morning Bitcoinland.

Ugh. No Monday upsurge. Wrong direction.

Is the ETF-based buying spree done? Sideways is boring.

I should look into an accountant - I hear they can generally find some deductions/tax breaks I'm missing out on.  I don't have to worry about the current tax filing since I didn't sell anything but I want to be prepared.  Thanks JimboT!

Thanks for the excellent summary, DirtyK   I had heard of Koinly but hadn't checked it out yet - nice to know someone who has used it!

 Nice to know there are other options that have been around for a while.  Thanks vapourminer.  I'll check it out.

You didn't say which jurisdiction you are in.

I assumed you live in Ontario due to advice you gave me several years ago about a lake in the Orillia region.

Are you multi-jurisdictional? I know if you're a USA citizen they'll chase you all over the world for taxes. Does that apply to dual citizenship?

[criptoevangelista]

Are prices falling like this due to recent US inflation data? because if so... I will never be able to understand how all this works based on the macro market...

What seems to happen is: the inflation data was released and psychopathic traders around the world started selling everything automatically? this seems so strange to me... what kind of investors do this? 

that's how it works? Can someone more experienced explain?

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[El duderino_]

Are prices falling like this due to recent US inflation data? because if so... I will never be able to understand how all this works based on the macro market...

What seems to happen is: the inflation data was released and psychopathic traders around the world started selling everything automatically? this seems so strange to me... what kind of investors do this? 

that's how it works? Can someone more experienced explain?

Don’t buy BTC for a quick overnight buck
Don’t buy BTC when not able to stomach a minor dip (10%ish)
Don’t buy BTC when only $ is in your mind…

[xhomerx10]

~snip

You didn't say which jurisdiction you are in.

I assumed you live in Ontario due to advice you gave me several years ago about a lake in the Orillia region.

Are you multi-jurisdictional? I know if you're a USA citizen they'll chase you all over the world for taxes. Does that apply to dual citizenship?

 While I have the option, I decided long ago not to pursue US citizenship.  My biggest concern was having to register for the draft but the tax code in the US is insanely complex and one of the hoops to jump through in order to get my citizenship was to file the 10 previous years of income tax forms.  In my mind, it wouldn't make sense to pursue it unless I were to take up residence there on a permanent basis and I was already comfortable here.

 A friend of my sister is currently going through the process of renouncing her US citizenship and it involves an interview and a hefty processing fee.  She's got a business in Canada and she's been paying US federal income tax every year - she has dual citizenship.  I don't know the specifics of her case but there is a tax treaty between Canada and the US which prevents double taxation on your income so my mom never paid a dime in US taxes while she lived and worked here as a permanent resident.  I guess the difference is employment vs self-employment.

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[criptoevangelista]

Are prices falling like this due to recent US inflation data? because if so... I will never be able to understand how all this works based on the macro market...

What seems to happen is: the inflation data was released and psychopathic traders around the world started selling everything automatically? this seems so strange to me... what kind of investors do this?  

that's how it works? Can someone more experienced explain?

Don’t buy BTC for a quick overnight buck
Don’t buy BTC when not able to stomach a minor dip (10%ish)
Don’t buy BTC when only $ is in your mind…

Yes! I finished my capital transition to bitcoin in DEC 2022, INFINITE HODL... only DCA lately week, I'm not even going to sell anytime soon, maybe a little at 100k, but I would like to understand the modus operandi of the movement

[El duderino_]

I only understand…

The halving = near.

Halving draws near,
Bitcoin's price on the rise,
Moon-bound, stars align.

[JimboToronto]

The halving draws near,
With Bitcoin's price on the rise,
Moon-bound, stars align.

There. Now it's a haiku. 

[El duderino_]

The halving draws near,
With Bitcoin's price on the rise,
Moon-bound, stars align.

There. Now it's a haiku. 

One must make mistakes.
Keeping wall observers sharp.
A bitcoiners job.

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[OutOfMemory]

spinning top last week
now waiting for weekly close
bearish or bullish?

this upsets traders
but the true hodlers don't care.
just like king daddy

#delayedHaiku

Got tons of stuff to do, repair and service of my milling machine almost complete, new astrocamera love despite cloudy skies, kid got sick.
Business as usual 

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[gallianooo]

~snip

You didn't say which jurisdiction you are in.

I assumed you live in Ontario due to advice you gave me several years ago about a lake in the Orillia region.

Are you multi-jurisdictional? I know if you're a USA citizen they'll chase you all over the world for taxes. Does that apply to dual citizenship?

 While I have the option, I decided long ago not to pursue US citizenship.  My biggest concern was having to register for the draft but the tax code in the US is insanely complex and one of the hoops to jump through in order to get my citizenship was to file the 10 previous years of income tax forms.  In my mind, it wouldn't make sense to pursue it unless I were to take up residence there on a permanent basis and I was already comfortable here.

 A friend of my sister is currently going through the process of renouncing her US citizenship and it involves an interview and a hefty processing fee.  She's got a business in Canada and she's been paying US federal income tax every year - she has dual citizenship.  I don't know the specifics of her case but there is a tax treaty between Canada and the US which prevents double taxation on your income so my mom never paid a dime in US taxes while she lived and worked here as a permanent resident.  I guess the difference is employment vs self-employment.

Being US citizen is a fucking mess when you are REALLY wealthy and 'global' citizen. You don't choose where you are born, but the (VERY agressive) tax system has nothing to envy of the communists countries...

[criptoevangelista]

spinning top last week
now waiting for weekly close
bearish or bullish?

this upsets traders
but the true hodlers don't care.
just like king daddy

#delayedHaiku

Got tons of stuff to do, repair and service of my milling machine almost complete, new astrocamera love despite cloudy skies, kid got sick.
Business as usual 

Are you in the machining industry? I work with it! It's great to see people here who are in this field of activity.

Some time ago I made a fully personalized bitcoin with my nickname in aluminum measuring 130mm in diameter, it looked beautiful, I made it on a CNC machining center

[ChartBuddy]

Explanation
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[OgNasty]

Saylor’s $500,000,000 offering closes today. We should see another smash buy sometime in the next couple of days that sends BTC to another peak. That would probably make a good short term selling opportunity for traders, but the big boom is still ahead of us. I think by Halloween we should be sitting above $100,000, but I wouldn’t be surprised if we revisited $50K first.

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com