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Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 15651. (Read 26609250 times)

sr. member
Activity: 406
Merit: 551
I am a banana.
P.S.: Almost everything is a taxable event as it involves "using" the actual value of BTC which is different than when you initially acquired it. The only thing I don't agree is that "moving the coins out of coinbase" is a taxable event. That doesn't make any sense.

Where is the source for "moving coins out of Coinbase" as a taxable event?

Would this mean if the coins were bought at, say, $1000 and then moved out immediately at $1000, then the gains are effectively zero? Or that I could even claim a loss if the price dropped?

Would this also mean that the further gains to $10,000 are effectively tax free, because, double taxation and all?
legendary
Activity: 3780
Merit: 5429
Another 4x or 10x. Talk about kicking the hornet's nest. The higher this thing climbs the more I want to go into hiding. Normals are losing their shit over this.

If you think they're losing their shit now, just wait until the halving comes... and price basically doubles within 6 months from whatever level it is at then... for what appears to be no good reason...

Can you imagine bitcoin going from say $20k/btc to $40k/btc within 6-8 months? It will feel unreal.

That's why people should just buy some bitcoin now, and relax for a few years while they casually buy more.
legendary
Activity: 4200
Merit: 4887
You're never too old to think young.
benjamin?

u mean a  "brown bill"

Actually, I refer to them as "brownies".

I was trying to be international. After all, this is the BTC/USD Wall Observer.

I suppose if people can post about B-cash and B-gold I can mention brownies.

Actually I prefer A-cash and A-gold, short for Altcoin Cash and Altcoin Gold. Neither one has anything to do with real Bitcoin, They're just trying to steal the name.
sr. member
Activity: 420
Merit: 257
Is anybody here still buying? Huh


Of course.

If the price goes down, then buy, and if the price goes up then sell.

The price has been going up and down in the past two days... so just apply the formula.

My friend says: it´s a bubble, way to expensive. I don´t buy.
And when it goes down, he says: See, i told you, it´s bursting. I don´t buy.

Guess what comes out of it: He doesn´t buy, ever !


What can i do (he´s my friend) ?
I´ll shake him until he comes to his senses  Smiley Don´t know, what to do else.




legendary
Activity: 2833
Merit: 1851
In order to dump coins one must have coins
Is anybody here still buying? Huh


Of course.

If the price goes down, then buy, and if the price goes up then sell.

The price has been going up and down in the past two days... so just apply the formula.

That's day trading. That's madness. I'd get r0ached for sure.

Ha roached, last i heard he went full in on http://bitcoen.io wondering how he's doing now
sr. member
Activity: 392
Merit: 254

It's better to start off by talking about satoshis.
___

"What are those charts you're always looking at?"

"I'm checking the price of satoshis."

"Eww gross so cheap. That like a Doge coin?"


Fixed Grin
hero member
Activity: 784
Merit: 512
Comfortably over $10K going into 2018 I can foresee.
$100,000 by the summer and $1,000,000 after the next halving in 2020 sounds totally unrealistic.
I think one of the problems at this point is that even those that hold lots of cash let alone those on the breadline are totally unaware you can buy a fraction of a coin.

But I'd happily be proven wrong.


she thought that she had to buy in increments of a whole bitcoin

That's really common - at least two of my friends have said to me "oh, I can't afford to buy btc now because it's over $10,000"

It's better to start off by talking about satoshis.
___

"What are those charts you're always looking at?"

"I'm checking the price of satoshis."

"What are satoshis?"

"A satoshi is a hundred millionth of a bitcoin."

"What's a bitcoin?"
___

Then they start with the idea that satoshis are the basic units.
___

"What do satoshis cost?"

"You can buy a million of them for only $100."

"Wow. I can afford that. I can be a satoshi millionaire for only a benjamin?"

"Yep."

 Wink

benjamin?

u mean a  "brown bill"
legendary
Activity: 1442
Merit: 2282
Degenerate bull hatter & Bitcoin monotheist
So TA wizards - are we consolidating or are we still creeping downwards?


And what’s with the ridiculous Cardano pump. 
sr. member
Activity: 392
Merit: 254
sr. member
Activity: 392
Merit: 254
Is anybody here still buying? Huh


Of course.

If the price goes down, then buy, and if the price goes up then sell.

The price has been going up and down in the past two days... so just apply the formula.

That's day trading. That's madness. I'd get r0ached for sure.
legendary
Activity: 3920
Merit: 11299
Self-Custody is a right. Say no to"Non-custodial"
Is anybody here still buying? Huh


Of course.

If the price goes down, then buy, and if the price goes up then sell.

The price has been going up and down in the past two days... so just apply the formula.
sr. member
Activity: 392
Merit: 254
I don’t find that argument convincing as I believe Bitcoin is a Veblen good.  People are attracted to it because of its stupid price.

That's the word I was looking for.
legendary
Activity: 1442
Merit: 2282
Degenerate bull hatter & Bitcoin monotheist
Is anybody here still buying? Huh

Not at $9800.  




Edit:   this comment will age poorly. 
legendary
Activity: 1442
Merit: 2282
Degenerate bull hatter & Bitcoin monotheist
I don’t find that argument convincing as I believe Bitcoin is a Veblen good.  People are attracted to it because of its stupid price.
sr. member
Activity: 392
Merit: 254
Is anybody here still buying? Huh
legendary
Activity: 3920
Merit: 11299
Self-Custody is a right. Say no to"Non-custodial"
Comfortably over $10K going into 2018 I can foresee.
$100,000 by the summer and $1,000,000 after the next halving in 2020 sounds totally unrealistic.
I think one of the problems at this point is that even those that hold lots of cash let alone those on the breadline are totally unaware you can buy a fraction of a coin.

But I'd happily be proven wrong.


she thought that she had to buy in increments of a whole bitcoin

That's really common - at least two of my friends have said to me "oh, I can't afford to buy btc now because it's over $10,000"


imho, the fact that the bitcoin community failed to carry on with mBTC (1/1000 btc) a few years ago is one of the main reasons we see thousands of alts, hundreds of ICO and all this forking sheit.

yesterday evening some employees of mine and their friends invited me to answer their cryptocurrency questions.  they have been watching me advocating bitcoin for several years, but now they got interested.

everyone was asking me what alt they should invest in. the. whole. evening.  I told them that I would only invest in btc. they ALL said "but it is way too expensive" - and they know they can buy fractions. it is a psychological trap. and the bitcoin community as whole did not see that.

when I was through with a lengthy and detailed description of the reasons why bitcoin is superior and the safest way to go in crypto, they asked me again: really now, what altcoin do you think has the most potential?  Roll Eyes



That is a really great illustration of the whole point that those of us who recognize the value of BTC are likely benefitted by some of the public misperceptions, and sooner or later those folks are going to have to get past their intellectual barriers and really begin to understand and grapple with the concept of divisibility.

Fuck them, if they cannot see the value.. and that means cheaper coins for us who can and that means that the price is going to catch up (in other words continue to go up) whether these refusing to see folks begin to understand divisibility or not.



legendary
Activity: 4200
Merit: 4887
You're never too old to think young.
Comfortably over $10K going into 2018 I can foresee.
$100,000 by the summer and $1,000,000 after the next halving in 2020 sounds totally unrealistic.
I think one of the problems at this point is that even those that hold lots of cash let alone those on the breadline are totally unaware you can buy a fraction of a coin.

But I'd happily be proven wrong.


she thought that she had to buy in increments of a whole bitcoin

That's really common - at least two of my friends have said to me "oh, I can't afford to buy btc now because it's over $10,000"

It's better to start off by talking about satoshis.
___

"What are those charts you're always looking at?"

"I'm checking the price of satoshis."

"What are satoshis?"

"A satoshi is a hundred millionth of a bitcoin."

"What's a bitcoin?"
___

Then they start with the idea that satoshis are the basic units.
___

"What do satoshis cost?"

"You can buy a million of them for only $100."

"Wow. I can afford that. I can be a satoshi millionaire for only a benjamin?"

"Yep."

 Wink
sr. member
Activity: 392
Merit: 254
^I disagree. The higher the price the more people want to buy it. Humans are right confusing.

let´s start a new bitcoin civil war. big unit-ers vs small unit-ers!  Cheesy



legendary
Activity: 2338
Merit: 2106
^I disagree. The higher the price the more people want to buy it. Humans are right confusing.

let´s start a new bitcoin civil war. big unit-ers vs small unit-ers!  Cheesy

legendary
Activity: 3920
Merit: 11299
Self-Custody is a right. Say no to"Non-custodial"
@Jay
I'm just speaking personally. This kind of money makes me feel like a target. I'd prefer to get rich under the radar if possible. Undecided


Well, I think that I can kind of relate to that.  I recall that there were periods in July, August, September that I discontinued some discussions and interactions with people (in the real world) about bitcoin, because the price had been going up so much that I thought that people were starting to get really weird and the scammers were coming out, etc. etc. 

And, you could be correct about this $10k threshold, too.  I had noticed a few real world interactions that I had recently that kind of cause me to conclude that the freaks are coming out ... so yeah, perhaps the more wealth that we acquire in bitcoin the more we have to safe guard some of the wealth because it is adding up to a lot of money.  I had to move bitcoins off of several exchanges, because what I had considered a kind of "spare" change and "dust" had turned into real value and I no longer wanted to have that much value tied up in a few places... .  So the more I think about it, I can relate... I can relate.
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