Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 14983. (Read 26715496 times)

Get the fuck out of here with your negative Nancy bullshit, and if you are referring to volume, there has been an increase in BTC trade volume for more than half of a year and ongoing.  Look at the weekly charts.  The trade volume is not lessening, and the BTC price battle is ongoing.  Sure, we have had up and we have had down. We have had mostly up, but only recently (in the past month) consolidation in a largely $10k to $20k territory and gravitating into the lower end of that range.  So fucking what?

O.k..  It is possible that there will be another test of support at $10k and it is possible that support will be broken - but such test is not certain and the results of such test is not certain either.  You boys and girl better be pee pared for both up and down because if you are only betting one way, you have a 50% chance of getting screwed, and if you are betting that BTC is dead, or dying or some alt is going to take over then your chances of getting screwed a whole hell of a lot greater because the odds of UP after this consolidation period are good.  Therefore good to be accumulating some BTC and not selling too many too soon.

tough to do...in 2013 my bank sic'd the SEC on me because all BTC is EVIL.....I crushed them with my CPA tax forms and such...the SEC guy on the speaker phone was like

why am I here?

So that die is cast...so since then I have the CPA and I do the best I can figuring out taxes..though..tossing chicken entrails on the floor and using voodoo to get the right

figures for the IRS will likely be as good. Just do what you can...show your work (many folders with calcs) and my CPA says....if I can explain it...it likely will work because

most CPA's and any audit are clueless...thus even by hand figures on capital gains and such I can justify with my trusty folder of calcs is likely fine

but yeah, it could be UNENFORCEABLE...If you never increase your lifestyle......I mean I've heard of folk getting caught because of a 30k car they bought with cash

and could not show where the $$$ came from

thus, I'm legal as hell, CPA the works...when the IRS comes snooping around again (like SEC) I will just point to the speedboat and the trophy girlfriend and say

sorry, guys......I can justify my new found lavish (if dumb) lifestyle

but for me ...never was tempted to go dark...this little sea turtle was caught before he could get off the beach!

( I miss BTC being evil for a whole couple of weeks in 2013...I'd go to my bank..and it was like John Dillinger had an account there.....as close to desperado as I will ever

be...needless to say, I changed banks soon after.....)

Bottom line, any tax problems with crypto are the government's own doing to itself to try to exploit people.

They have no power except for intimidation - if you can do taxes, then do them, but if you can't, well too bad.

Crypto taxes are unenforceable, period. Anyone who is bending over backwards to try to do taxes should just stop and do the easy thing.

I recently just realized that Cryptopia not only allows you to withdraw coins while remaining totally anonymous (I know that Bittrex holds your coins until you verify identity), but also I think they delete your transaction history past 24 hours or something (I can't find my transaction history, which probably has tens of thousands of transactions, if not more).

What's to stop someone from just sending coins to some random/new fiat account, then cashing out? What are they going to do? Go through all of the stuff, when it's not even incriminating or suspicious?
Knowing the US government, I doubt that they wouldn't try, but it's just not practical, especially with the inefficient bureaucracy.

Not recommending breaking the law if you can avoid it, but if you started trading a month ago even, it's practically impossible to pay correct taxes, especially with this new tax act.

all it was was https://twitter.com/fluffypony/status/955062049100521473

also: https://twitter.com/WeathermanIam/status/955122131859394562
@WeathermanIam
3h3 hours ago
Replying to @WeathermanIam @giacomozucco and

The PR firm that put together this campaign for @rogerkver and co is very good at this.

They identify personas and then the “influencers” that can hit them.

Then they work with those influencers to develop viable narratives.

@DanielKrawisz @bitstein and @pierre_rochard #bought

https://dedi.jochen-hoenicke.de/queue/#24h

I use it from time to time since I can then transfer the funds from Paypal to my bank, instantly, for .25 cents and it shows up as being from Paypal rather than Coinbase at the bank. My funds are usually available within minutes rather than a business day or two. I'm not sure what my bank's policy is regarding Bitcoin transactions, they haven't given me any trouble, so far. However, I don't want to push the envelope too far.

The other day, I re-discovered the fact that I have a wallet at blockchain.info. It even had a couple BTC in it. Score!

No cryptocurrency is exempt from the Ted Kaczynski rule.  They will all be subsidizing some type of enslavement in the end.  In fact, monero might do it the complete opposite way.  An anonymous currency (if it actually manages to stay anonymous) would cause the state to collapse from inability to collect taxes, or enough taxes to prevent being taken over by it's more collectivist, imperial neighbor.  

An anonymous currency is simply mandating libertarianism, and libertarianism doesn't actually exist, it's just a power vacuum that is filled by a strong man.  So unless Monero took over the entire globe and caused every govt to collapse simultaneously, it just selectively weakens different ones, then allows the others to move in and take them.  This is also the basis of the protocols of the elders of Zion.  You purposely try to get nations to adopt libertarianism to make them weak and easy to take over.

Why? Cashing out of GDAX is freekin' _free_.

Or it could be .3 BTC or .5 BTC. I am not going to speculate when it comes to giving Uncle Sam their pound of flesh. I am very small fry, as you can tell about me bitching over a somewhat trivial amount.


If you have over 100 transactions, they charge 30.00. I paid the fee since I had well over 100 transactions and it is a lot easier than me trying to manipulate csv files myself to convert to something I can port over to a tax software program. I'm certainly not going to write by hand all the transactions on a schedule D form. They may be using my information for other purposes, but that's the price to pay for the convenience.

It sounds like a useful service. But at what price? What might they be doing with the data other than crunching it for your benefit? Don't forget the universal maxim - if a service is free, then you're not the customer, you're the product.

Payment isn't due for several months yet. Might be 0.1 BTC or less at that point.

#justsayin

When the moon is in the Seventh House
And Jupiter aligns with Mars
Then peace will guide the planets
And love will steer the stars

Does anybody know a mempool visualizer which can show thebelow:

Went for fluffypony's domination tweets, couldn't find them.    I'm guessing the word "fungible" was applied liberally directly to the tweetstorm.

The butthurt of the Bitcoin Maximalist Supremacist Monopolists is in direct proportion to the cognitive dissonance they suffer from watching their analytical frameworks fail to be validated with predictive power.

The canonical example (besides Frap.doc's anti-altcoin rantings here) is Daniel Krawisz's obscenely inaccurate exaggeration of "The Coming Demise of the Altcoins" (http://nakamotoinstitute.org/mempool/the-coming-demise-of-altcoins/).

For such a smart guy, he really screwed the pooch on this one.  But then again, so did Blockstream's (not-coincidentally former) Head of Strategy.

Let's all laugh at how wrong whiny little Daniel's bigoted expectations have proven to be!

Isn't it impressive how absolutely convinced he is of his own hilariously incorrect assumptions?


I guess the new altcoins didn't get the memo huffily declaring why it was impossible for them to survive, given the (admittedly flakey) Bitcoin Domination Index's sustained collapse to a humiliating (in the literal sense of more humility and less hubris) 33%.  It's past time to rename that figure to either the Bitcoin Submission Index, or the Altcoin Domination Index.

Saifedean and Frap.doc, unlike Krawisz before them, right off the bat fail to account for Namecoin, the OG alt partially created and thus Blessed with propriety directly from Satoshi.

These overeducated derps failure of imagination was completely predictable.  Here is a simple substitution exposing the paltry tissue of bad faith on which rests the entirety of Krawisz's line of argumentation.


QED the Never-Alters were wrong to begin with, comporting with the consensus reality that emphasizes this fact every day in which alts persist in their domination of Bitcoin. 

Hmm. How often do you suppose exchanges send BTC between each other today?

Also, can you Yids explain this?  WTF?  How is this not a sign of the end of times?

Since when does a completely parabolic BLOW OFF top entirely based on speculation not go below 50% retracement?  Anyway, this is all painting the tape nonsense by the Bitfinex spoofer & company.  It will go wherever it's spoofed as he moves both the buy and sell side at the same time.



Do not respond to anti-goyimite posts.  The goyim are the chosen ones chosen by a magical, imaginary entity, and anyone who denies this is anti-goyim.

I can always say: "I thought about buying/selling at that price" because often it did cross my mind to buy the bottom or sell the peak but then I never execute. And as valta pointed out, you can buy anywhere right now and will be in the green once Bitcoin starts testing the old ATH.