https://twitter.com/elonmusk/status/1296172030279258119
lol'd twice
Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 7258. (Read 26726233 times)
August 20, 2020, 12:25:20 PM
August 20, 2020, 12:02:36 PM
newish short fib targets
#dyor
1h
4h
#fuckoffjuansnow
#dyor
1h
4h
#fuckoffjuansnow
August 20, 2020, 10:56:28 AM
Good morning all
stretching done..time for fun
#dyor
1h
4h
#stronghands
stretching done..time for fun
#dyor
1h
4h
#stronghands
August 20, 2020, 10:53:51 AM
Retest 12K??
August 20, 2020, 10:52:10 AM
6400$ would be nice to fill my bags !
If your bags are still not full you're doing it wrong. Well deserved punishment is inevitable... you had plenty of chances...
Exactly!!!
aesma registered his account before me, so there have been a lot of opportunities to buy and stock up on BTC, sats or whatever since early 2014.
And, rooting for down BTC prices... especially in this thread, and 50% off sale, again?, at this point in the cycle?.... deserves punishment; that's for sure.
How am I feeling about aesma, right about now?
Well I'm younger than some of you, so I had much less cash to buy/mine BTC. I started end of 2013, I was out of school with no job, only had worked some summer jobs.
Today I have an OK job but nowhere near a US salary.
I think/wish that BTC will be much higher long term, but I also think (and wish) that it fluctuates a lot still.
Of course an opportunity for me is also an opportunity for rich people to buy more, so that shouldn't happen, but history shows it can.
Fair enough in terms of being able to ONLY do what you are able to do. If you are relatively young, then you have a lot of years to allow your investment in bitcoin to continue to grow, too.
No need to wish for down BTC prices, merely just continue to invest in BTC, maintain a plan for up, down and sideways by continuing to dollar cost average investing, buying on dips, HODL.. and maybe even shave a bit off on higher price swings, while continuing to work on implementing and tweaking your plan along the way to the best of your abilities to attempt to accumulate as many BTC as you believe is reasonable for your situation - including if you would like to arrive at some kind of "fuck you" status, some day in the future.
August 20, 2020, 10:50:54 AM
And I had a boating accident, dropped my gold over the sea.
Crazy how we all keep losing assets at sea.
August 20, 2020, 10:44:53 AM
And nowadays you'd have to declare everything, and pay nothing if no gains have been made.
Yup, blockchain says the coins transferred from address A to address B at a certain time. Then it shows coins transferring from address B to an exchange deposit address in the same day (or same hour). No gains, no losses.
And I had a boating accident, dropped my gold over the sea.
August 20, 2020, 10:34:35 AM
You mean you bought BTC and sold it back ?
Yup.
Longer answer: I bought BTC from an exchange in one country. Sent that BTC to another address, to another exchange in a different country. Then cashed out to fiat in a different bank account.
It was much faster than writing a check, doing a wire transfer, and it cost me less. There were still transaction fees on both ends as well as the difference in spread.
If the exchanges support a different coin or alt, I may sometimes use those, as I don't hold the coins longer than it takes to send and sell them. For this purpose, it could be any of the other major alts that both exchanges accept, and usually it's one of the other bitcoin forks or ethereum.
I see. In that case nothing to declare, but in my country it would have raised some red flags for sure.
And nowadays you'd have to declare everything, and pay nothing if no gains have been made.
August 20, 2020, 10:29:16 AM
August 20, 2020, 09:45:32 AM
I agree with him.
August 20, 2020, 09:32:10 AM
August 20, 2020, 09:17:14 AM
Good morning Bitcoinland.
Sideways ready for another run at $12k... currently $11822USD/$15634CAD (Bitcoinaverage).
We're waiting Bitcoin. Go Bitcoin go.
Reminds me of this oldie but goodie:
Sideways ready for another run at $12k... currently $11822USD/$15634CAD (Bitcoinaverage).
We're waiting Bitcoin. Go Bitcoin go.
Reminds me of this oldie but goodie:
August 20, 2020, 09:15:32 AM
as you said they WILL at some point want to know where that comes from. and ive cashed out amounts already that raised some pretty big flags over the years ($10,000 USD is a trigger for a flag so i try to do at least 10k withdraws when i do pull corn out to fiat). might as well flaunt it. dont want to be accused of structuring (if thats the term) to try to hide from red flags. not a peep from the irs or the bank.
Aside from red flags, don't you have to declare these withdrawals as some kind of income/capital gains ?
yup. i use bitcoin.tax to keep track of everything (mining/buys/sells). does a lot automatically based on imported exchange data, mining addys and then some manual inputs for merchant stuff. prints all the forms i need (plus .csv files) and i just hand it to my accountant. it figures the cost basis of mined coins (income) based on payout addys as it knows the time the payouts happen. capitol gains etc are based on that stuff (bought coins/mined coins) and when i sell.
not endorsing that particular platform its just what ive been using for years.
August 20, 2020, 09:02:35 AM
You mean you bought BTC and sold it back ?
Funny but yes he used it as a cash replacement tool
I have done this with BTC ,ETH, LTC, DOGE.
MORE THAN 1,000,000 worth in fiat since 2012
No ebay sales with return issues.
I do forum marketplace sales instead.
Gear purchases from bitmain.
How do I do them? with purchased btc.
BTC purchased and sold on the same day so as to avoid cap gains issues.
Dabs did coin use as a substitute for fiat.
August 20, 2020, 08:45:18 AM
Shit is getting out of hand. Was just about to post this.
August 20, 2020, 08:33:39 AM
"In few hours Tether will coordinate with a 3rd party to perform two chain swaps (conversion from Tron to ERC20 protocol) for 1B USDt. Tether total supply will not change during this process."
https://twitter.com/Tether_to/status/1296354141867061248
"400,000,000 #USDT (400,958,257 USD) transferred from Tether Treasury to #Binance"
https://twitter.com/whale_alert/status/1296438958205927426
https://twitter.com/Tether_to/status/1296354141867061248
"400,000,000 #USDT (400,958,257 USD) transferred from Tether Treasury to #Binance"
https://twitter.com/whale_alert/status/1296438958205927426
August 20, 2020, 07:21:14 AM
You mean you bought BTC and sold it back ?
Yup.
Longer answer: I bought BTC from an exchange in one country. Sent that BTC to another address, to another exchange in a different country. Then cashed out to fiat in a different bank account.
It was much faster than writing a check, doing a wire transfer, and it cost me less. There were still transaction fees on both ends as well as the difference in spread.
If the exchanges support a different coin or alt, I may sometimes use those, as I don't hold the coins longer than it takes to send and sell them. For this purpose, it could be any of the other major alts that both exchanges accept, and usually it's one of the other bitcoin forks or ethereum.
August 20, 2020, 07:11:36 AM
You mean you bought BTC and sold it back ?
August 20, 2020, 06:56:21 AM
Aside from red flags, don't you have to declare these withdrawals as some kind of income/capital gains ?
There were times when it was just used as some kind of money transfer. Got bitcoin. Sent bitcoin. Cashed out to fiat.
There would be no income or capital gains to declare if it all happened within an hour or something like that.
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