Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 33525. (Read 26495322 times)

It could be moving further under the long term trendline by staying still.

If it stays at this price for too long that trendline will be invalidated.

To be more accurate, all transactions MAY require you to report the income/loss from that transaction, annually. Technically, if your baseball card increases in value from $1 to $1,000 and you realize that value in a sale, then that's reportable income. Bitcoin is no different. (USA)

Anyway, a bit of perspective...



Wasn't really even a blip, was it? Much less deep, although admittedly much less decisive than the blockchain fork even in March.

This plateau we've been experiencing actually reminds me a lot of that time, just on a slightly longer timescale.

The price could admittedly do anything, but as time goes on, a continuing crash does appear to be increasingly unlikely. Even if volume is weak and we hold at around $110 - $115 for another couple of weeks, any downtrend will be pretty much broken.

All transactions that avoid paying applicable taxes are illegal.  What's that got to do with Bitcoin?

See this ? 

http://www.kirche-in-not.de/files/2009/09/berliner-mauer.jpg

Actually it became a legal discussion that only one point was proven false.  That Bitcoin itself was illegal.  That based on the info provided, was false.  Totally fine.  I conceded that.  The rest of the pages were about the other legal ramifications of Bitcoin transactions so your generalization that pages and pages was dedicated to one point, is not entirely accurate.  And Bitcoin transactions that avoid paying applicable taxes are in fact illegal.  Now, unless you have something to refute that claim, your rant is only partially relevant.

But you are right in the fact that we have been off topic for way too long so, let me go wake up DHS and get their butts in gear.  They have a Bitcoin price to crash for me.  

wtf are you talking about.  To the extent I was 'bothered' it was disappointment that a thread that has mostly for the 6 months or so I've been following and participating in it had at least something of substantive value in a few pages of posts was dominated by people trying to explain stuff to you you could have found out quite easily yourself by doing a little research.  In the first instance your claim 'Bitcoin is in violation of the laws of nearly every country' illustrates plainly you neither understand bitcoin nor law.

It is not that people don't welcome a difference of opinion.  Did you actually notice how many people who know what they are talking about generously gave explanations far beyond what the initial ignorant statement deserved?  No, you come out with some 'blindly follow internet rhetoric' bs.  wtf?!

Wow, you really don't get it do you?!  Nobody that I could see in the responses given to you was trying to claim 'Bitcoin is immune to governmental intervention' - if I'm mistaken please find and quote - rather patiently trying to explain things to you such as what 'legal tender' is.

And for you, who made the statement about Bitcoin being illegal to accuse others of seeing "only 'facts' they have created in their own minds" is hill-fucking-larious    Intelligence?  If you showed a tiny bit of evidence you have any you wouldn't have to protest so loudly how intelligent you are  

Edit:  looks like I was late with my rant - it appears the rest of you have kissed and made up.  I'll leave this post though because I believe it was deserved even if it does make me out to be the nasty angry one

Then it was absolutely all worth it my friend.   Cheers!

Finally, a point we can agree on :-)

Not a one of us is perfect...we all fall short, especially me.  But there is no excuse for treating people outside of how you want to be treated, so please don't try to justify it.  It's only money.

I'm sure IRL most of them are just fine.  It's a weird situation here, and the timing is bad.  Bad news -- people get sensitized & edgy.  My own dog snapped at me when he was really hurt.

You know, it's funny you say that.  I made that comment to my wife that some of these people are so hateful, nasty and have views that are so anti-humanity, that I'd rather hang out with religious nuts and listen to them judge me with their twisted versions of the bible.  And that's bad.  Sadly in the US, many of these folks are one and the same.  The upside is many of them spend their money building bunkers to hide from society so that works out for the best.  Out of sight, out of mind.  

In the end I feel sorrow that such anti-social personalities need exist.  I think many just need a hug.  

Ugly American here, and my thoughts go something like this:
"Hmm, the boards are divided into 2 camps:  FUDs screaming the sky finally is falling, and the Bitcoin faithful, twisting *obviously  bad news* into another win for bitcoin.  I'll just stock up on twinkies and wait."

Just because you can avoid taxiation with Bitcoin doesn't imply BTC is illegal. It's like saying: because you can kill someone with a screwdriver, a screwdriver is illegal.

Anyway. Calm down everybody. Our goal is maximizing our profit and not fighting over words.

You should tread softly, Coinseeker.  Arguing with unalloyed Bulls or Bears is like arguing with freshly-converted religious zealots.  If your opinion differs, it's simply data noise to be squelched.  If you introduce logic to your arguments, your arguments become malicious noise.  

Ok, Americans are awake. Here's what they're thinking?

"Hmm, looks like DHS froze Gox's american arm so no Dwolla."

"Hmm, this isn't really bad news since there's still a million ways to get money in/out of a variety of exchanges, and the liquidity argument is a chicken/egg problem. If I need to get money out of Gox I'll just send the BTC to US-based CampBX and have them send me a money order or ACH transfer. Or I'll just sell the bitcoins OTC to my pal Joey; I heard he wants some."

"Hmm, looks like a bunch of idiots panic-sold last night on what was just another case of TPTB fucking with bitcoin exchanges. What are they trying to do, let the terrorists win or something? It's not like government regulation is effective at successfully reducing demand, especially with distributed systems. Man these folks are tools."

"Oh, looks like price rebounded partway so I can just pretend like nothing happened; except that something did: Bitcoin proved itself to be more resilient to classic 'TPBT Fucking with Exchange' attacks."

SCORE
Bitcoin: +1
DHS: 0

 

That would be handy, so long as it comes back up afterwards, and also if for a change it doesn't happen whilst I'm out picking up my daughter from school.  I'm really getting to hate that school.

Yeah, like a drop to $20.