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Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 33125. (Read 26496393 times)

sr. member
Activity: 434
Merit: 250
4.5k wall on $100.

My guess is it's mostly a single order.

Anyone wants to test it?  Cheesy
sr. member
Activity: 252
Merit: 250
Buy pressure decreasing and price is slipping away from 100. Looks like a weekend drop, not by whales but by self fulfilling prophecy.

Whales will come soon
member
Activity: 98
Merit: 10
Buy pressure decreasing and price is slipping away from 100. Looks like a weekend drop, not by whales but by self fulfilling prophecy.
legendary
Activity: 2576
Merit: 2267
1RichyTrEwPYjZSeAYxeiFBNnKC9UjC5k
Most likely situation, if this were to happen: DOJ swoops in, seizes/restrains bank accounts, presses civil case to recover assets... then after several years, account holders get paid pennies on the dollar out of a remission fund. If you feel safe with fiat on the exchanges, don't. (Same goes for BTC, obviously)

BTC is a little safer since it only needs an internet connection to withdraw it, not a bank. It's definitely true you need to be wary though.
legendary
Activity: 1414
Merit: 1000
HODL OR DIE


Don't like how the green volume candles aren't even popping the market anymore.
legendary
Activity: 1414
Merit: 1000
HODL OR DIE
Bids terrified of a $400k ask wall...for shame.

They might be terrified that other people are terrified

Well that seals it, the terrorists have won.
sr. member
Activity: 252
Merit: 250
Bids terrified of a $400k ask wall...for shame.

They might be terrified that other people are terrified
legendary
Activity: 1414
Merit: 1000
HODL OR DIE
Bids terrified of a $400k ask wall...for shame.
sr. member
Activity: 252
Merit: 250
the wall at 100 keeps growing

Yeah when did those 5k coins show up?!

I wish I was less tired so I could stay all night and watch
hero member
Activity: 826
Merit: 508
the wall at 100 keeps growing

Yeah when did those 5k coins show up?!
legendary
Activity: 1904
Merit: 1037
Trusted Bitcoiner
the wall at 100 keeps growing
legendary
Activity: 2576
Merit: 2267
1RichyTrEwPYjZSeAYxeiFBNnKC9UjC5k
This recent talk made me think - how many of people in this topic, who hold BTC are at loss from their average entry point?

i would imagine very few people are sitting on a loss

Someone was buying at 265.
sr. member
Activity: 252
Merit: 250
crash is coming soon, bitcoin will rise!
http://www.youtube.com/watch?v=2WDqo3k72vs

Bitcoin, the hedge against the world economy?

Wow, that's powerful. I have not heard it before.

Did my sarcasm go *Woosh!* as it flew over your head?

It did, my sarcasm detectors got totally miscalibrated after some of the cult-like talk about bitcoin.
legendary
Activity: 1904
Merit: 1037
Trusted Bitcoiner
crash is coming soon, bitcoin will rise!
http://www.youtube.com/watch?v=2WDqo3k72vs

Bitcoin, the hedge against the world economy?

Bitcoin, decentralization of world domination  Cool
member
Activity: 98
Merit: 10
crash is coming soon, bitcoin will rise!
http://www.youtube.com/watch?v=2WDqo3k72vs

Bitcoin, the hedge against the world economy?

Wow, that's powerful. I have not heard it before.

Did my sarcasm go *Woosh!* as it flew over your head?
sr. member
Activity: 252
Merit: 250
crash is coming soon, bitcoin will rise!
http://www.youtube.com/watch?v=2WDqo3k72vs

Bitcoin, the hedge against the world economy?

Wow, that's powerful. I have not heard it before.
member
Activity: 98
Merit: 10
crash is coming soon, bitcoin will rise!
http://www.youtube.com/watch?v=2WDqo3k72vs

Bitcoin, the hedge against the world economy?
legendary
Activity: 1552
Merit: 1047
How do you deal with capital gains? Ignore it?
I would have some... but I lost most of my private keys in an unfortunate boat accident.
Wow that blows... Sorry to hear that man Undecided
I think you missed the implied "wink wink"

EDIT: Also, he was illustrating the point of how easy it is to LEGALLY avoid taxes, provided you have lots of money. The more money you have, the easier it is to take advantage of legal structures specifically put in place to help rich folks avoid taxes. So that they can then donate to the political campaigns of those who put the legal structures in place.
Hmm, I see. But in that case, it doesn't really illustrate the point, because one doesn't have to pay capital gains on unrealized gains. It's when you convert to fiat that the capital gains will have to be paid. So if you claim to have lost your coins in a boating accident, one day you may want to convert them to fiat, and then you'll have some trouble explaining how you gained those coins. Maybe you cheated on income taxes? I can't see how that would be an advantage.


Sure, that bit was referring to the remainder of his post, where he did illustrate several ways rich folk can legally avoid taxes - methods generally unavailable to lower-income brackets. I may have been a bit hasty in my quote-pruning.

As for the boating accident - cashing out through an exchange (and your bank reporting the >$10,000 deposit to your bank account to the IRS per regulation) isn't the only way to cash out.
Yah, but cashing out is another discussion. I'm really only talking about trading. Quite impractical to do big scale "day trading" through OTC.

There is no doubt rich people are able to get around taxes easier though.
legendary
Activity: 2352
Merit: 1819
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
legendary
Activity: 1904
Merit: 1037
Trusted Bitcoiner
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