Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 33011. (Read 26497815 times)
June 26, 2013, 04:17:42 AM
June 26, 2013, 04:06:24 AM
Its coming
June 26, 2013, 04:00:46 AM
June 26, 2013, 03:57:33 AM
Is anybody else seeing a big dump approaching?
Do go on.. tell us more..
I see an artificial raise to $105 this morning, plus a scary depth for Gox standards:
BTC43.25k to $120, the same amount to $85.
BTC17k to $110, the same amount to $96
Then, we have a very important indicator:
I don't think we see $100 ever again.
The guy is always wrong, thus we will be going to double digits before seeing again $110 almost for sure.
June 26, 2013, 03:53:09 AM
Wait till it bottoms at $0
June 26, 2013, 03:46:17 AM
Is anybody else seeing a big dump approaching?
Do go on.. tell us more..
June 26, 2013, 03:41:16 AM
Is anybody else seeing a big dump approaching?
I think someone is constantly dumping but not on Gox. Spread across exchanges is high again and BitInstant walls are into dumping shape.
June 26, 2013, 03:28:22 AM
Is anybody else seeing a big dump approaching?
June 26, 2013, 03:14:49 AM
A word to the wise:
http://www.forbes.com/sites/irswatch/2013/06/25/reminder-fbar-filing-due-by-june-30/
FBAR reporting requirements are due for all folks in the US who have a foreign account that had a value over US$10K in 2012 with the IRS.
Penalty for non-reporting can be as much as 50% of the value of the account per year (not profit) though are much lower for provably innocent mistakes.
To reiterate, it doesn't matter if you cashed out anything or took any profit or just held it all in BTC, it is the value of the account and it being in a foreign nation that triggers the report requirement.
Call your tax attorney to understand your situation, don't take my advice.
http://www.forbes.com/sites/irswatch/2013/06/25/reminder-fbar-filing-due-by-june-30/
FBAR reporting requirements are due for all folks in the US who have a foreign account that had a value over US$10K in 2012 with the IRS.
Penalty for non-reporting can be as much as 50% of the value of the account per year (not profit) though are much lower for provably innocent mistakes.
To reiterate, it doesn't matter if you cashed out anything or took any profit or just held it all in BTC, it is the value of the account and it being in a foreign nation that triggers the report requirement.
Call your tax attorney to understand your situation, don't take my advice.
I wonder which exchange should be used to determine such value. Like the one where you can't take dollars out or the ones that aren't based in US?
June 26, 2013, 03:08:57 AM
I'm hoping for wireless charger tech to take over so everywhere we walk in cities/ towns we're juicing up wirelessly and never have to recharge our portables.
That would account for enough EM radiation to slow cook everyone's brain.
June 26, 2013, 03:00:41 AM
June 26, 2013, 02:25:10 AM
June 26, 2013, 02:16:18 AM
I'm off till next monday. Bids are placed down to 80, take profits up to 128. Bye. 
June 26, 2013, 02:13:50 AM
June 26, 2013, 02:11:10 AM
It doesn't even matter if it is BTC or USD$, if the VALUE goes over US$10K adding ALL foreign accounts of anything you have to file. So if you have US$5K in gold in Switzerland, and $5K worth of BTC, you are at the minimum to file.
The BTC are not in a "foreign account", the BTC are cash in your wallet. And even if you find and apply some definition where it is not cash then it is still not held in a "foreign account", the money is in the blockchain and in your private keys and both are stored in your own country, on your own computer at home and not in a "foreign account".
June 26, 2013, 02:06:17 AM
June 26, 2013, 02:00:43 AM
June 26, 2013, 01:00:25 AM
June 26, 2013, 12:58:38 AM
It doesn't even matter if it is BTC or USD$, if the VALUE goes over US$10K adding ALL foreign accounts of anything you have to file. So if you have US$5K in gold in Switzerland, and $5K worth of BTC, you are at the minimum to file.
I hold my bitcoins, I hold cash, I don't need to tell them anything if I had $10k worth of pounds in cash do I?
I could see the argument (however facile) that somebody storing $10k worth of BTC on gox has a foreign account worth $10k though.
June 26, 2013, 12:26:18 AM
Great link. I hadn't considered the angle that the banks were deliberately disincentivized from lending, just that CBs were pushing on a wet string because households etc did not want any more loans. The advantage of QE is that government gets first use of money and can also fire-hose it directly into the economy through food-stamps and other entitlements.
In theory QE is meant to be unwound once the government runs a profit
, by redeeming its maturing bonds held at the CB, with tax receipts, and have that money permanently out of circulation and "destroyed". LOL, a pipe-dream indeed!Jump to: