Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 12036. (Read 26709924 times)

It’s still there

Somebody is definitely going to steal it.

It’s still there

Somebody is definitely going to steal it.

Private key==bitcoin.

I... am confused as to why anyone here would be confused about this?

 I shall consider it a cheap lesson if that's the case.

You’ve exposed your private key, somebody will just sweep the balance, surely?

Okay guys, there seems to be some misunderstanding with respect to paper wallet security.  Now, the misunderstanding might lie with me or it might lie with you so I am putting some Bitcoin on the line here as a test.  If you are correct, it should be as easy as 123 to steal the .0123 Bitcoin I have secured on this paper wallet.  If I am correct, then I can relax.

My fully exposed paper wallet:



Go 4 IT!  I will monitor the balance.

In USA the 3000 cap is only on ordinary income(mainly of wages, salaries, commissions and interest income (as from bonds or cds). There is absolutely no cap or limit to how much you carry forward capital losses to offset capital gains and you can carry it forward for as long as you live. Loss harvesting is a huge part of the plunge to the end of the bear market we just witnessed. Large amounts of investors did take some profits in 2018 after the epic rise. These profits were capital gains and so they of course would owe taxes on them in 2019. Now its not hard to imagine tons of people taking a lot of profits like Boblaw and Jimbo early in 2018 and then later seeing prices much cheaper than where they sold out at. So at some point they buy some coins back cheaper than they sold, but still owe taxes come 2019. Now fast forward to the end of 2018 and these investors see the coins they bought back cheaper have lost substantial value, they understand that US wash sale rules do not apply to crypto https://cryptotaxprep.com/wash-sales-what-every-bitcoin-investor-should-know/ so it becomes very attractive for them to sell the coins at a loss with the intent to quickly repurchase them so they have the same amount of coins but a lower tax burden for 2019. However due to the economic substance doctrine https://en.wikipedia.org/wiki/Economic_substance in US tax law an investor should wait a day or two to repurchase the coins or the IRS can challenge it(disallow the loss) and say the transaction had no economic substance other than to lower their tax burden. If you wait a few days you have exposed yourself to market risk and are not violating the economic substance doctrine because your transaction had the intent of making profit in of itself and you took the risk of losing. So now imagine investors selling late in the year around 6k with the intent to buy back a few days or weeks later and this triggers a break in 6k support. Well now the tax loss harvesters are in no rush to buy back bc they can get way more coins than they started with bc coins have dropped massively so they sit back and let it play out. As it plummets you have people that bought in at 6k are reading the many msm articles about loss harvesting
 like this one https://www.forbes.com/sites/tysoncross/2018/11/19/year-end-tax-tips-and-strategies-for-cryptocurrency-investors/#5f87275a5dda and realize they too can harvest losses by selling at 5k, 4k, 3.5k etc, so they now sell fueling the fast cascade down. Then when it gets to around 3k the earliest tax loss harvesters say "well shit, lets not be too greedy here, I can get double the coins I had originally and save a ton on taxes." And that is how we find ourselves in a brand new bull market at the very end of loss harvesting season. Loss harvesters only have a handful of hours left to sell cheap and realize a loss. https://www.timeanddate.com/countdown/newyear

Happy New Years!

Believe in The Bull and 100k will come. (or dont believe and short and it will come anyway and rekt you!)
The ancient philosopher Jesus spoke of the powerful drug Hopium and its benefits in his teachings.

Matthew 17:20 Jesus said unto them "Because you smoke so little Hopium. Truly I tell you, if you smoke enough Hopium as small as a mustard seed, you can say to this mountain, 'Move from here to there,' and it will move. Nothing will be impossible for you."

a very close one i thought by 4 bucks or something