Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 15271. (Read 26716038 times)

Yes, it is by the new rules 

Maybe that's his point. Still look as a taxable event to me. Fiat has nothing to do with it. You can just exchange a car with someone for another car and it will be a taxable event for the "equivalent fiat market value". That applies even to smallish things like i.e. bikes, books, vinyl records, etc... except noone cares about reporting those.

Poor Americans paying so much money to Uncle Sam 

I know setting your main net connection to "metered" can stop the automatic loading and applying of updates if you set that option ("Don't update over metered connections", or something like that).

I think there is some fairly established procedure to sanitize Windows 10 into something resembling a loyal OS, but the sources are many and the devil is in the details. That's why I asked Dabs, who seems to know quite a bit about this, to give us some pointers before we switch to the Dark Side (all Windoze users will have to, one gloomy day. Myself included, sigh sigh.)

Windows 10 1709 major update...auto downloaded and wiped my windows machine back to default (new computer id mode) and all apps came up as saying it was a NEW windows

OS . also wiped out all my folder arrangments on main screen to default

was a real pain.....so I do an update before moving ANY crypto on a wallet...could you imagine sending coin and then have your computer reset at that point on an auto update

be cautious with this windows and your wallets boys and girls

I'm still steering clear of Win 10 too, but finding good Win7 laptops (or desktop hardware with compatible drivers) is getting harder and harder. Do you have any pointers to good cleanup/securing routines?
Thanks for the help!

Edit: maybe the xvitaly thingy posted by NiceSoft12?

Movement of a coin isn't, but exchange of a coin yes.  The like type clause was eliminated, thus BCH to BTC and trading Altcoins would be taxable (for any gains only again). 

Maybe because it's paid with/sold for BTC and not fiat?

In the USA, starting 1/1/2018, movement of coins will be a taxable event under the Tax Cuts & Jobs Act signed by President Trump.
Just thought I would put that out.

There's no such thing as bitcoin lightning. It's just plain old (true) Bitcoin. You can choose to lock some of it in one or more lightning channels until they are closed, that's all.

Movement of coins is not taxable, just when you realize the gains, thus conversion to $USD.  Coinbase just has moves translated to $ amounts in their reports since they can't track outside their platform.  The reporting is totally on you to actually report when you do have the gains.

If you move your coins in USA it is probably a taxable event (income at the $280 that BCH hit the world, I think it was) ...spend it also (of course)

I'm going by below IRS guideline and hope they just treat it like stock going up..you don't touch it ...this does not matter ....we probably can prove

from the below that it is a hassle to get this stuff and came out of nowhere ....or at least this IRS plug leads me to believe

(on the other hand the IRS released the 2013 guidelines 10 days before the filing deadline stating capital gains wanted on all BTC spent since 2009 (heh) also the
coinbase where they wanted all 15 million account info INCLUDING passwords....because they caught THREE GUYS using coinbase to hide taxes...so wtf they
literally could call all the forks like BCH income and expect us to pay..doubtful though)

anyway, this gives me a little pause that they are not gonna go after the BCH and other forks as long as you don't mess with them or move them or sell them

(ie to IRS...what? I have $$$ from the forked coin? really?)

IRS guidelines that if you have not sold or moved any BCH you MIGHT be off the hook (remember the source here ...me...duh....I drank the BFL kool-aid..I know zip
this is an example of what I'm doing and why I'm not even looking in the general direction of any forked coins...they can live or die on the vine...I ain't doing zip.)


https://www.law.cornell.edu/cfr/text/26/1.451-2

anyway, some modest hope I won't get screwed over...but how I am approaching this...no looky..no touchy...any forked coin...

brad

Hey there,

I know that bitcoin is the most secure thing ever created  and that duo to his low speed verification/transaction. If bitcoin turns to be very quick, hes going to lose from his security and then the possibility to be hacked.

But i have a question for bitcoin old big holders: When the bitcoin lightning fork gonna happend: are you going to hold the same amount of bitcoin and bitcoin lightning or more bitcoin lithting or sell all and buy more bitcoin?

The fact is: you can make transaction for less than 1 cent in 1 to 3 seconds max.

For me: i gonna use bitcoin for most of my money saving as it is the most secure thing on planet for now, and hold some bitcoin lightning for small transactions. Also can use it for big transaction if i need the transaction to happend in a second.

So, what is your view/Strategy on it?

Yeah, 13-14K seems to be the floor somewhat building still...

You will at least want to collect your bitcoin pizza coins. lol

'kin ridiculous.

I was expecting a uptrend from people collecting upcoming forks. 

https://quantco.in/ifo/btc

That's an interesting concept. But, really, I've already been subject to KYC and AML with any exchange I've dealt with. If they come a look'n, wouldn't it be easy to move coins to another address and claim you'd been robbed? Then there's mixers and even OTC.  I get your point and perhaps it'll all be so (Duh) clear after the fact but I just don't see it for now. I'm thinking that there's some monetary incentive behind the forkers or attack by dilution or some shit like that.

Which such low participation in the market right now, I think we'll continue to drift sideways with some small up and down pumping going on. Traders will also continue to short and accumulate which may put some downward pressure on the market.

The price action will be largely irrelevant until whale traders return in the new year. I don't anticipate seeing anything major happening in the market until mid- January or so.

If you are not paying for the product, you are the product?  Go ahead, move your coins (this goes for your clones as well) We won't track you, or target you in any way.  There is nothing to be learned from this, don't mind the man behind the curtain.