Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 16258. (Read 26609469 times)

LOL, or cooking it.

I like the way you think. MOAR Bitcoin! My Precious...

I have to admit, I am becoming a bit like Smeigle.

Don't get me wrong - I don't have any regrets! Your Bitcoin ain't worth a thing if you don't spend it!

Just try explaining this concept to me wifey wife.    I don't know about yours, but mine expects perfect prescience. 

"You knew it was going to quintuple and you spent it anyway??" 

+1 to local bitcoins for the solid support of its customers!!

If you are asking me how you can safely break the law, I can't answer that for you. I skirt any such issues by claiming as cap gains, either short or long term, or as simple income, as each transaction is required by law.

Frankly, i agree with your assertion that the current application of tax law is criminal. But the courts that hear tax cases -- up through appeals courts -- do not allow any discussion of the conflict between the law as enacted, the executive branch regulations which are mere administrative interpretations of the law, and the IRS policies and procedures as encoded into forms and instructions. And the Supremes routinely refuse writ of certiorari on such cases.

As a consequence, I just keep my head down and play the game as they define it. There is essentially zero chance of making them toe the line of the law until that day when a majority of the populace wakes to how evil the system has become.

Looking at the dawning understanding of the evils of partial reserve banking amongst the people, I am encouraged to think that day may come before I draw my last breath.

I'd suggest you discuss with a qualified CPA or financial lawyer. That respects crypto. The intersection is pretty small, but growing.

Sometime soon after August 1, I had written into Localbitcoins, and I was inquiring how to retrieve my BCH.  They told me that they were not going to Support BCH, so I was losing my BCH.  

Today, I was trying to figure out why there was a discrepancy in my Localbitcoin's account, and I had about 11% more bitcoin's in my account.  So I went back to trace my transactions, and it showed that on September 25, they had given me "airdrop" credits for my BCH in terms of about 11.27%.. hahahahahhahaha... A windfall for me, because I had already been grumbling and complaining to myself and I had pretty much written off those coins.... Magic?  

I think that for some reason Local bitcoins wanted to keep good will with their customers.. and so they deserve a thank you to local bitcoins for doing the right thing!!!!

If you paid with dollars then that would be 25% less dollars you would have to buy bitcoins.

You also perpetuate that bitcoin is only used for buying pot.

Tweeting that Charlie Lee is "economically ignorant" is not winning him more friends either.

Wow, glass so half empty there!

I bought my dream bike with some of my BTC gains 3 months ago, and even as I expect the market value to shoot the Moon, I will never look back and regret it. Of course I'm HODLing most of it.

Life is for living, yo.

Nope.

"EVERY time the price doubles?"     You know we're in the $4000s now, right?

LMAO

Jackbooted gubmint thugs have feelings too.

Yeah it hasn't hurt gold or silver.  Also, see Gresham's Law.

Gresham's Law also applies to the information the public is receiving about Bitcoin right now.
Bad information (MSM negativity propoganda) drives out good information (what Bitcoin researchers know).

answer : https://www.youtube.com/watch?v=Bu5Mtvy97-4

How can you trade without generating 1099b and paying 30-50% to criminal irs? At least in ysa in high tax states

The BCH peg is coming unloose. Any guesses where it will be when Coinbase releases their bag to the people?

END list, good luck!

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Your response here make almost no sense whatsoever, especially since you also seem to be an advocate of these supposed take-over bitcoins.  

So if there is any kind of question at all in terms of what is the real bitcoin, then forks are dilutions of the real bitcoin (and does not matter which version you believe to be the real version, as long as there is any kind of market value that is given to competing non-bitcoins)

The only way you get NO dilution whatsoever, is if the various non-competing versions of bitcoin have no value and no perception of value (and what kind of fantasy world is that).  I will assert that through the passage of time, many of these competing versions of bitcoin have a decent chance of going to zero if they stop getting support - but how fucking long is that going to take when you have a number of persons out there, including yourself (whether we refer to them as nutjobs or not) who are either pumping value into them or proclaiming that the competing version is the real bitcoin - and possibly a few gullible folks buy the message because they either really believe it or they think possibly they could get rich from such a outside likelihood of a transformation, if such transformation were to take place.



Actually, this is a real nice step by step description that borders on perfection... hahahahha.. funny I say that about the content of one of your post.. Miracles do happen.    


Regarding your point 8:  There are ways to structure your sales in order that you never run out of bitcoin - even if bitcoin reaches $10 million.  You just project ahead in order that you never run out, which means not selling too many and possibly monitoring or adjusting if it appears that you are selling too many that would cause you deficiencies at various points.  Also, you can use some of the cash that you accumulated based on your step 7 to make a few adjustments, here or there to your holdings and to buy on dips, to the extent reasonable and practical for your situation.. and possibly, also, like you seem to suggest the cash accumulated from step 7 might not ever be reinvested, but possibly just used for personal pleasure (if any of us can imagine such things beyond posting in these forums... hahahaha).

Regarding your points 9 & 10:  I think that there are going to be quite a few of us who may be in a situation similar to this, if we have been employing such a staggered buy/sell strategy for the past couple of years when there has been between 10x and 20x BTC price appreciation, depending upon when you got in and how you had played the matter - so there have likely been quite a few of us having to consider and reconsider these kinds of matters, in part based on BTC performance that may have shot above expectations, while employing strategies to address a likely scenario of "too much fiat."  
After going through this, I have figured out ways to approach my too much fiat "problem" that differs slightly from your approach.  I don't actually cancel BTC sales orders; however, I tend to make those BTC sales orders smaller and perhaps spread them out a bit larger, also you can get into a temporary arrangement of buying back a bit more than you sell in order to help to bring a better balance... another option is just to hang onto the money for a couple of situations such as 1) the price corrects downwardly so much that you want to garner up as much fiat that you can in order to throw at what appears to be a bargain basement situation or 2) just do the outrageous thing of completely removing the money completely from the table and spending it (and actually having some fun with it - far fetched as that may seem   )..

Fantastic! Just saw it and I'm sure I'll be sharing this.  Thanks mate!

The Fed is chock full of 'tards. They keep telling the public that they "don't really understand inflation" and can't hit their inflation targets. Meanwhile everyone's health care premiums, food, energy, bills, cars, entertainment, hair cuts, oil changes, etc. have nearly doubled in the last 9 years while their wages have gone nowhere. The public is getting poorer by the minute and they don't even realize it.

And the Fed wants to keep gaslighting the world and say there is no inflation? Pffft! We're not that stupid.

I no longer think we'll see a market crash any time soon. I think that every hard asset is going to continue to melt up.