Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 12798.

LFC_Bitcoin

legendary

Activity: 3556

Merit: 9709

#1 VIP Crypto Casino

Quote from: ?? on ??

Quote from: jbreher on November 02, 2018, 02:08:17 PM

Quote from: LFC_Bitcoin on November 02, 2018, 07:28:41 AM

Interesting, I think when I finally start cashing large portions of my HODLING’s I’m going to have to try & emigrate. I am not willing to pay 45% tax on what I sell.

If you're 'merkin, emigrating does nothing to solve the tax problem. They's extract it from you no matter where you be.

That 45% was UK wasn't it? It's 15% tops US I'm pretty sure.

Edit: in the US if you're in the top tax bracket you pay 20% on the gains. Fuck Europe and UK taxes the shit out of you.

I was wrong.
gentlemand said it’s 20% capital gains tax on bitcoin. I’ve literally never declared anything I’ve sold & that includes all of the free BCH I cashed in over the last year.

This is all for future reference obviously (not going to get away with selling when it’s north of 50 k per coin) , I plan to HODL all of my bitcoin’s for at least another 3 maybe 4 years.

Biodom

legendary

Activity: 3990

Merit: 4597

Quote from: kenzawak on November 02, 2018, 01:47:23 PM

Can someone make Arthur Hayes shut up ?

https://www.ccn.com/bitcoin-price-bitmex-ceo-doubles-down-on-bear-call-says-btc-could-fall-to-2000/

Quote

CCN reported earlier this week that Hayes, a former Citigroup trader, is now predicting that the bitcoin downtrend could last another 18 months, mirroring the “nuclear bear market” the crypto industry experienced in 2014 and 2015. Writing in Friday’s edition of the BitMEX Crypto Trader Digest, Hayes doubled down on that portentous outlook.

How the does he know that?
Trace Mayer was saying that market would go to 28K, it went to 20K and stopped cold.
Now Trace is saying that 3.5K is possible, however, maybe it's already done it's bear cycle (mostly).

Nobody knows what the market would do, and if they do, ostensibly, they are not going to tell us.

Is 2k possible. maybe, but is it likely-f, NO.

jbreher

legendary

Activity: 3080

Merit: 1688

lose: unfind ... loose: untight

Quote from: LFC_Bitcoin on November 02, 2018, 07:28:41 AM

Interesting, I think when I finally start cashing large portions of my HODLING’s I’m going to have to try & emigrate. I am not willing to pay 45% tax on what I sell.

If you're 'merkin, emigrating does nothing to solve the tax problem. They's extract it from you no matter where you be.

Biodom

legendary

Activity: 3990

Merit: 4597

Quote from: jbreher on November 02, 2018, 01:26:05 PM

Quote from: fluidjax on November 01, 2018, 11:06:47 AM

At last, some Tether evidence!

https://tether.to/wp-content/uploads/2018/11/Tether-Letter.pdf

Yeah but...

They show a balance of about $1.8B, while Tether market cap (according to CMC) is about $2.5B.

For some reason, this does nothing to assuage my skepticism.

Market cap is 1.768 bil according to CMC (checked just now).
2.5 bil is what they CAN issue, but only 1.768 bil is issued, presumably after they "burned' 0.5B in tokens recently (probably to get to the balance).

cAPSLOCK

legendary

Activity: 3766

Merit: 5146

Note the unconventional cAPITALIZATION!

Quote from: Hawkix on November 02, 2018, 01:49:10 PM

Quote from: cAPSLOCK on November 02, 2018, 01:42:54 PM

Look at those Bollinger bands on the 1D and 3D charts.

All my charts are 2D. Not enough money for better monitor.

Well.. the bands are saying you are gonna see a big move one way or the other very soon. Maybe that money is on the way? Or maybe the bottom is about to drop out. The weight of those two possibilities is not in the bands... it's in the fundamentals IMO.

Last time they were hanging around this width was the end of 2016.

julian071

hero member

Activity: 1133

Merit: 819

Quote from: ?? on ??

Quote from: Phil_S on November 02, 2018, 12:15:50 PM

I usually roll my eyes when I hear "Taxation is theft", but this?

Them wanting to tax the cash in my wallet sounds crazy to me...

Yet you guys are talking about it like it's most normal and reasonable thing.

Mind-boggling.

Yeah I think we all just see the writing on the wall, you're not getting away from the Government taking their share especially if it has value and we all agree Bitcoins going to long term go up. I mean you can buy things directly for btc but I think vendors include sales tax in most of it. (Newegg for example)

But the tax on just your holdings fuck that including cash, no thanks. Is that some socialism bullshit that's favored there?

Paying your taxes is not socialism, it's patriotism.

Anyway I much prefer the way the taxes work in NL, no taxes whatsoever on trading including 'cashing out' (should really be called cashing in btw), just a very reasonable taxation on holdings, excluding the first 25k and minus debts. Most of the world is much worse off having all these taxable events like trading. They must all be socialist countries then I guess.

Hawkix

hero member

Activity: 531

Merit: 505

Quote from: cAPSLOCK on November 02, 2018, 01:42:54 PM

Look at those Bollinger bands on the 1D and 3D charts.

All my charts are 2D. Not enough money for better monitor.

kenzawak

hero member

Activity: 658

Merit: 851

Can someone make Arthur Hayes shut up ?

https://www.ccn.com/bitcoin-price-bitmex-ceo-doubles-down-on-bear-call-says-btc-could-fall-to-2000/

Quote

CCN reported earlier this week that Hayes, a former Citigroup trader, is now predicting that the bitcoin downtrend could last another 18 months, mirroring the “nuclear bear market” the crypto industry experienced in 2014 and 2015. Writing in Friday’s edition of the BitMEX Crypto Trader Digest, Hayes doubled down on that portentous outlook.

DaRude

legendary

Activity: 2833

Merit: 1851

In order to dump coins one must have coins

Quote from: jbreher on November 02, 2018, 01:27:52 PM

Quote from: bitserve on November 01, 2018, 11:15:24 AM

WAY better than nothing. Though "portfolio cash value" is not the same as USD Fiat on deposit. It could be all on Tesla stock for what we know or any sort of high risk high yield investments.

The portfolio may even be in the form of Tether!

Quote

P.S.: Also one single signature from some UNIDENTIFIED person and not even an official bank seal..... It's almost comical when you are certifying almost 2 Billion USD.

For reals, dude.

"USD Fiat on deposit" is nothing if you don't know their debts. i.e. money could've been borrowed for a day and deposited to the account short term just for the letter. Bottom line, it's most likely illegal and will always require trust in 3rd party. Those that don't know history are doomed to repeat it.

cAPSLOCK

legendary

Activity: 3766

Merit: 5146

Note the unconventional cAPITALIZATION!

Look at those Bollinger bands on the 1D and 3D charts.

Last of the V8s

legendary

Activity: 1652

Merit: 4393

Be a bank

Quote from: jbreher on November 02, 2018, 01:26:05 PM

Quote from: fluidjax on November 01, 2018, 11:06:47 AM

At last, some Tether evidence!

https://tether.to/wp-content/uploads/2018/11/Tether-Letter.pdf

Yeah but...

They show a balance of about $1.8B, while Tether market cap (according to CMC) is about $2.5B.

For some reason, this does nothing to assuage my skepticism.

mebbe you misread
cmc vol is 2.5, cap is 1.7
dunce hat for u Tongue

but yeah, letter schmetter

jbreher

legendary

Activity: 3080

Merit: 1688

lose: unfind ... loose: untight

Quote from: bitserve on November 01, 2018, 11:15:24 AM

WAY better than nothing. Though "portfolio cash value" is not the same as USD Fiat on deposit. It could be all on Tesla stock for what we know or any sort of high risk high yield investments.

The portfolio may even be in the form of Tether!

Quote

P.S.: Also one single signature from some UNIDENTIFIED person and not even an official bank seal..... It's almost comical when you are certifying almost 2 Billion USD.

For reals, dude.

jbreher

legendary

Activity: 3080

Merit: 1688

lose: unfind ... loose: untight

Quote from: fluidjax on November 01, 2018, 11:06:47 AM

At last, some Tether evidence!

https://tether.to/wp-content/uploads/2018/11/Tether-Letter.pdf

Yeah but...

They show a balance of about $1.8B, while Tether market cap (according to CMC) is about ~~$2.5B~~.

edit: $1.8B. Mea culpa. I swear that browser tab couldn't have been more that a couple days old. Where did $700 million go overnight? Still...

For some reason, this does nothing to assuage my skepticism.

Biodom

legendary

Activity: 3990

Merit: 4597

Quote from: Last of the V8s on November 02, 2018, 04:04:57 AM

In other worlds, CZ
https://www.reddit.com/r/CryptoCurrency/comments/9tewfh/binance_signs_up_40000_crypto_traders_in_its/ ...First Week in Uganda

just for kicks, see "Time traveler" report/retort.
not my opinion, but quite curios...mentions africa specifically.
https://www.reddit.com/r/Bitcoin/comments/1lfobc/i_am_a_timetraveler_from_the_future_here_to_beg/
Something like a dystopia, which can teach us something, but what?
No disrespect, but bitcoin in Africa/Uganda would not result in anything good long term, IMHO.

Would Blockchain space in Nevada become a "Citadel"?
Or, maybe, Malta would have first dibs since it is in a nicer environment?

Last of the V8s

legendary

Activity: 1652

Merit: 4393

Be a bank

So Bloomberg's finest got through to a secretary who said 'no idea' and 'nunya bizniz anyways' and an article was born.

Yaplatu

hero member

Activity: 1344

Merit: 500

28K=Buy | Wallet=100% BTC

Quote from: fluidjax on November 01, 2018, 12:09:04 PM

Quote from: jonoiv on November 01, 2018, 11:58:14 AM

Quote from: fluidjax on November 01, 2018, 11:06:47 AM

At last, some Tether evidence!

https://tether.to/wp-content/uploads/2018/11/Tether-Letter.pdf

Thought they had 2 separtate accounts with 2 separate banks? Do you have a balance statement from the other one?

The letter is linked from here
https://tether.to/tether-banking-relationship-announced/

Tether has a market cap of $1.77B, this letter confirms the bank has $1.83B.

It's not conclusive, only a full audit would give that degree of certainty. But it's actual evidence, which is something the Tether arguments have been lacking for many months.

Bad new for Tether :

" Bank Tied to Tether Goes Quiet on Relationship With Crypto Firm " ==> https://www.bloomberg.com/news/articles/2018-11-02/bank-tied-to-tether-goes-quiet-on-relationship-with-crypto-firm

Phil_S

legendary

Activity: 2145

Merit: 1660

We choose to go to the moon

I usually roll my eyes when I hear "Taxation is theft", but this?

Them wanting to tax the cash in my wallet sounds crazy to me...

Yet you guys are talking about it like it's most normal and reasonable thing.

Mind-boggling.

El duderino_

legendary

Activity: 2744

Merit: 13618

BTC + Crossfit, living life.

THANK YOU PLEASE

time for the every friday portion of LES MILLS GRITT work out, gotta stay sharp, cause when the price is gonna take of, then i do not want to miss a second........
Roll Eyes