Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 16583.

BlindMayorBitcorn

legendary

Activity: 1260

Merit: 1116

Quote from: JimboToronto on August 18, 2017, 04:48:59 PM

Quote from: El duderino_ on August 18, 2017, 04:27:37 PM

Quote from: JimboToronto on August 18, 2017, 04:22:34 PM

Cool. Just caught the dip and bought $1000CAD worth when it was below $4kUSD.

It can go up now. Cool

Got A Nice amount of fiat as wel ready to buy the dip , But Allmost thinking of buying BTH in Its run Haha
BUT no stick with my original plan buy A Nice dip of btc only thinking to buy now or want A little Huh

Any suggestions ?

I also have more fiat waiting for a further dip but after it dropped over $500USD in 2 days, I jumped at it. Anything under $4kUSD is a bargain.

As for AltcoinCash, I'll continue holding my forking windfall but I'm not ready to throw any fiat at it quite yet. Let's wait and see.

How come?

YamashitaRen

full member

Activity: 147

Merit: 100

Quote from: El duderino_ on August 18, 2017, 04:27:37 PM

Quote from: JimboToronto on August 18, 2017, 04:22:34 PM

Cool. Just caught the dip and bought $1000CAD worth when it was below $4kUSD.

It can go up now. Cool

Got A Nice amount of fiat as wel ready to buy the dip , But Allmost thinking of buying BTH in Its run Haha
BUT no stick with my original plan buy A Nice dip of btc only thinking to buy now or want A little Huh

Any suggestions ?

Seems like this BCH train is a nice ride to have... for now. Sadly I missed its last halt so I will just go sleep and check where both trains are tomorrow

Doubt BCH pump will end there though...

JimboToronto

legendary

Activity: 4200

Merit: 4887

You're never too old to think young.

Quote from: El duderino_ on August 18, 2017, 04:27:37 PM

Quote from: JimboToronto on August 18, 2017, 04:22:34 PM

Cool. Just caught the dip and bought $1000CAD worth when it was below $4kUSD.

It can go up now. Cool

Got A Nice amount of fiat as wel ready to buy the dip , But Allmost thinking of buying BTH in Its run Haha
BUT no stick with my original plan buy A Nice dip of btc only thinking to buy now or want A little Huh

Any suggestions ?

I also have more fiat waiting for a further dip but after it dropped over $500USD in 2 days, I jumped at it. Anything under $4kUSD is a bargain.

As for AltcoinCash, I'll continue holding my forking windfall but I'm not ready to throw any fiat at it quite yet. Let's wait and see.

bitserve

legendary

Activity: 1862

Merit: 1530

Self made HODLER ✓

Quote from: lightfoot on August 18, 2017, 04:32:51 PM

Quote from: conspirosphere.tk on August 18, 2017, 03:29:30 PM

Quote from: rolling on August 18, 2017, 03:20:26 PM

In the US, you owe taxes on the value when you receive it and then again if there are gains when you sell it.

Are you really declaring your ownership of BTC? OMG. Shocked

Not as such. If you receive it as payment (as I do) you have to pay the normal income taxes on it at the rate of the bitcoin at the time. Then if you sell it later you need to take into account capital gains or losses and pay taxes on only that differential amount.

It's one reason I use FIFO accounting: I can fix things for people, take bitcoins, then convert some into cash to set aside for taxes and for buying equipment/parts/shipping. Normally the fluctuation is minimal short term so no STCG taxes and no screwing with the old stuff (which has appreciated but I'm using FIFO). Bit screwy this year with the bouncing, but still not bad.

(One of the 500 or so people who actually paid all taxes on bitcoins earned last year. It was kind of a silly return but accurate)

but FIFO means if you had early Bitcoins (like at $5 or $50 each) those are the ones you are first selling. how is that no screwing with the "old stuff".

Last of the V8s

legendary

Activity: 1652

Merit: 4393

Be a bank

Quote from: becoin on August 18, 2017, 04:23:46 PM

Thanks for the free money drop, Ver and Wu! Veeeeery nice.

Yeah and it's nice to mine a shitcoin once in a while. ppc, dgb-sha, dem, bcc all convert quite nicely to hard currency.

Anyone remember mining paycoin back in the day? How long did Garza get in jail?

lightfoot

legendary

Activity: 3164

Merit: 2258

I fix broken miners. And make holes in teeth :-)

Quote from: conspirosphere.tk on August 18, 2017, 03:29:30 PM

Quote from: rolling on August 18, 2017, 03:20:26 PM

In the US, you owe taxes on the value when you receive it and then again if there are gains when you sell it.

Are you really declaring your ownership of BTC? OMG. Shocked

Not as such. If you receive it as payment (as I do) you have to pay the normal income taxes on it at the rate of the bitcoin at the time. Then if you sell it later you need to take into account capital gains or losses and pay taxes on only that differential amount.

It's one reason I use LIFO accounting: I can fix things for people, take bitcoins, then convert some into cash to set aside for taxes and for buying equipment/parts/shipping. Normally the fluctuation is minimal short term so no STCG taxes and no screwing with the old stuff (which has appreciated but I'm using LIFO). Bit screwy this year with the bouncing, but still not bad.

(One of the 500 or so people who actually paid all taxes on bitcoins earned last year. It was kind of a silly return but accurate)

El duderino_

legendary

Activity: 2716

Merit: 13505

BTC + Crossfit, living life.

Quote from: JimboToronto on August 18, 2017, 04:22:34 PM

Cool. Just caught the dip and bought $1000CAD worth when it was below $4kUSD.

It can go up now. Cool

Got A Nice amount of fiat as wel ready to buy the dip , But Allmost thinking of buying BTH in Its run Haha
BUT no stick with my original plan buy A Nice dip of btc only thinking to buy now or want A little Huh

Any suggestions ?

becoin

legendary

Activity: 3431

Merit: 1233

Thanks for the free money drop, Ver and Wu! Veeeeery nice.

El duderino_

legendary

Activity: 2716

Merit: 13505

BTC + Crossfit, living life.

Quote from: European Central Bank on August 18, 2017, 04:19:57 PM

Quote from: El duderino_ on August 18, 2017, 04:18:52 PM

And How high Will BTH go ...... Just holding it But big part of me wants to sell another part as wel ...........

korea is leading this run by a country mile which means it could go crazy high as they don't seem to care what they're pumping.

they were the ones who pushed ethereum to the absolute heights.

i don't think it's a ver pump any more. anyone might regret getting rid now.

Yeah watching it closely this crazy run where Will it end.....

JimboToronto

legendary

Activity: 4200

Merit: 4887

You're never too old to think young.

Cool. Just caught the dip and bought $1000CAD worth when it was below $4kUSD.

It can go up now. Cool

turboblade

member

Activity: 115

Merit: 10

BCH now 30% more profitable as per coin dance. What happens now. Is anyone else panicking?

hodl_2015

member

Activity: 371

Merit: 57

Quote from: Lauda on August 18, 2017, 03:34:18 PM

Quote from: bitserve on August 18, 2017, 03:25:17 PM

Do you realise that "spending" the coins is a taxable event?

No. If you don't convert, you don't need to pay anything at least not in Europe.

At least in the Netherlands, you still have to pay 30% income tax on a fictive 4% gain, which works out as a fixed 1.2% tax per year, based on the total value of property (excluding one house and car, but including bitcoin, gold, cash above a few hundred bucks, etc.).
The 4% is fixed. Even if your savings account pays 0.1% interest you have to pay for a 4% gain. if bitcoin is going up or down 99%, you still pay for a 4% gain. Value is based _only_ on the value at jan 1st, which kind of sucks if bitcoun peaks around newjear.

Short-term hodling is seen as speculating "work" and full income tax (upto 52% here) is due on the actual gains.
Long-term hodling is seen as investment and not taxed, except for the above 1.2% / year.

We still pay 21% sales tax if we spend any money, but conversions between bitcoin and euro's are not counted as spending.

European Central Bank

legendary

Activity: 1288

Merit: 1087

Quote from: El duderino_ on August 18, 2017, 04:18:52 PM

And How high Will BTH go ...... Just holding it But big part of me wants to sell another part as wel ...........

korea is leading this run by a country mile which means it could go crazy high as they don't seem to care what they're pumping.

they were the ones who pushed ethereum to the absolute heights.

i don't think it's a ver pump any more. anyone might regret getting rid now.

El duderino_

legendary

Activity: 2716

Merit: 13505

BTC + Crossfit, living life.

When are we going to have A new ATH after the weekend.... Huh

And How high Will BTH go ...... Just holding it But big part of me wants to sell another part as wel ...........

jbreher

legendary

Activity: 3080

Merit: 1688

lose: unfind ... loose: untight

Quote from: Torque on August 18, 2017, 04:16:05 PM

jbreher,

sigh.... welcome to /ignore

Awww, gee. And I kinda liked you, Torque. Hope to speak to you again after the post-rift-healing.

Torque

legendary

Activity: 3780

Merit: 5429

jbreher, I always knew you were just a troll account. But now you've proven that you are not even that good of one.

sigh.... welcome to /ignore

jbreher

legendary

Activity: 3080

Merit: 1688

lose: unfind ... loose: untight

Quote from: doc12 on August 18, 2017, 04:10:27 PM

Dont know of you noticed, but this is BITCOINtalk

Exactly. Hence, this is the proper venue.

Cheers!

jbreher

legendary

Activity: 3080

Merit: 1688

lose: unfind ... loose: untight

Quote from: Torque on August 18, 2017, 04:07:57 PM

Oh I'm sorry, you're right. I meant to say ButtCash.

Bit salty, are we?

doc12

legendary

Activity: 1284

Merit: 1042

Quote from: jbreher on August 18, 2017, 04:07:51 PM

Quote from: Torque on August 18, 2017, 03:39:53 PM

Bitcoin Core? I guess that's yet another new fork like BCash? Because we don't what that refers to here.

Yes, Bitcoin Core. After Bitcoin Cash becomes the largest proof of work chain, we'll need some term to use to refer to the obsolete core chain. Hence, Bitcoin Core.

Incidentally, you seems to be misusing 'BCash'. BCash is a different coin based upon zk-snarks.

Can you please stop shilling your shitcoin here, that would be great. Dont know of you noticed, but this is BITCOINtalk. Not BCH or BCC or whatever Talk.

jojo69

legendary

Activity: 3374

Merit: 4738

diamond-handed zealot

Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 16583. (Read 26610941 times)