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

[ChartBuddy]

Explanation
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[ChartBuddy]

Explanation
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[ChartBuddy]

Explanation
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[philipma1957]

buddy be bouncing.


or buddy done dropping

or buddy stop sinking

[ChartBuddy]

Explanation
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[ChartBuddy]

Explanation
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[d_eddie]

C'mon buddy do something. Hint: go the other way, tyvm.

[cygan]

https://x.com/wallstwolverine/status/1841848084919161232 

[Bitcoin Smith]

buddy be bouncing.

or buddy done dropping

or buddy stop sinking

C'mon buddy do something. Hint: go the other way, tyvm.

Buddy needs a little nap at cozy 60K.

[Volgastallion]

We are gonna have to be prepared if Israel and USA finally smash the oil refinery of Iran regimen, the first winners are gonna be the Saudi crown because of Oil price going up and winning the share of the market of the destroy Iran.

But second and after a super dump motivated by this escalation we can be the second in the line of winners, with a super recuperation for BTC and start to become the new gold. This can be also motivated and pushed by a new line of goverments more tilt to the BTC and the blockchain in general. We have elections now in november in the US very important.

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[xhomerx10]

Speaking of super dump, the sun just unleashed another larger flare from the same spot and this time it's an X9.1... so close to the X10  .  Anyway, this time there is no question as to whether it was accompanied by a coronal mass ejection - it was a halo CME.  So because of the time of year, the size of the flare and the priming flare of a couple days ago, we should be in for a special treat this weekend.  Sorry I have no pics, I'm on the road atm.

Edit: here's a gif of the halo CME (coronal mass ejection) courtesy of SOHO and scaled down with ezgif.com - I'm always impressed by what a simple phone can do these days.

[jojo69]

We are gonna have to be prepared if Israel and USA finally smash the oil refinery of Tian regimen, the first winners are gonna be the Saudi crown because of Oil price going up and winning the share of the amrket of the destroy Iran.

But second and after a super dump motivated by this escalation we can be the second in the line of winners, with a super recuperation for BTC and start to become the new gold. This can be also motivated and pushed by a new line of goverments more tilt to the BTC and the blockchain in general. We have elections now in november in the US very important.

[birr]

This post is for people who file taxes in the U.S. and want to be in compliance.
For those of you who refuse to have anything to do with taxes and laws, that's fine.  But this post isn't for you.
Some of you still may not be able to refrain from replying ph*ck the IRS bitcoin's gonna burn their shit down, or words to that effect.  Whatever.

The IRS has made a very big change in the calculation of crypto capital gains, which will phase in completely in 2026.
2025 is a transition year that the IRS calls "safe harbor."  The process of transitioning to the new capital gains tax calculation regime by way of this safe harbor is pretty complicated, but what did you expect from the IRS?
First you have to choose an allocation method for assigning basis to your coin holdings, and it has to be done wallet by wallet -- no longer are your coins in one big heap, so to speak, but every wallet has to have the capital gains on the coins sold from it calculated separately.
The two methods of assigning basis to your sells are:  global allocation, and specific identification.  You choose one allocation method and it applies to all your wallets.  A "wallet" can be a private wallet ("unhosted") or a custodial account like an exchange.
If you use global allocation, each wallet has to have its capital gains/losses calculated by FIFO.  So you'll need a strategy, like putting coins with a high cost basis in one wallet and coins with a low cost basis in another wallet.  That way you can sell from the wallet with the high basis coins, in order to lower your taxes.  If all your coins were in one wallet, the FIFO requirement would draw on the oldest basis, without regard to whether it's high or low.  And since older coins might have lower cost basis, you could end up paying more tax on them.
If you use specific allocation, you choose the cost basis for the tax calculation of every transaction.  And you have to declare the allocation before you sell.
The extra control this gives you might sound good, but it could make doing your taxes a monster headache if you have more than a just few transactions.

This is how I understand it.  Do your own due diligence.

[Volgastallion]

We are gonna have to be prepared if Israel and USA finally smash the oil refinery of Tian regimen, the first winners are gonna be the Saudi crown because of Oil price going up and winning the share of the amrket of the destroy Iran.

But second and after a super dump motivated by this escalation we can be the second in the line of winners, with a super recuperation for BTC and start to become the new gold. This can be also motivated and pushed by a new line of goverments more tilt to the BTC and the blockchain in general. We have elections now in november in the US very important.

Depend on how much big is gonna be the shelling we can see this island dissapear from the earth if they drop some serious bomb plus the ammount of fuel to brun there, i dont want to be a worker in that island right now.

[ChartBuddy]

Explanation
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[ChartBuddy]

Explanation
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[ChartBuddy]

Explanation
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[ChartBuddy]

Explanation
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[goldkingcoiner]

Oh look, HBO claiming they know who Satoshi is

My guess: another CSW wannabe trying to become the next Satoshi