It seems like they want to keep at these prices, I guess I did not know how well they did not progress like this.
Yup, two good tests at $13 - $14k and holding. Buyers and sellers finding balance (finally!).
How exactly do you guys deal with taxes if youve made 1000 trades this year and each trade has dozens of people who traded against your trade and you have complex interactions between altcoins and different exchanges. Do you just kind of estimate how much profit you made based on your account balances? That worked for me in 2013-2016 and I've never been audited but I was once audited for a $1500 Health Savings Account I didnt report...
Estimates are fine, until you get audited. Then the burden of proof is on you, not the IRS (or whatever tax authority you are under).
Its going down again - and again lost money omg
That is because you seem to be a retarded drama queen.
Take your drama to your mama.
Yup, sounds like someone is a newbie trader. Never experienced a loss
before, eh? Welcome to the meaning of Risk.
It looks like they're trying to manipulate bitcoin back to it's old school schedule: sideways until some random world event news happens like a helicopter going down in Africa that would have absolutely no effect whatsoever on bitcoin because it's just a speculative asset, then they'll try to use that as an excuse to pump and draw momentum traders in to dump on lol. Unless some whale gets antsy and mega dumps to blow up the charts first because they can't find any "newz" to pump on.
Or maybe Bitcoin is just putting in a nice local bottom. Price seems to have stabilized. It's classic price discovery working just the way it should.
So Korea unbans bitcoin. Is that why the price is suddently up to almost $11000?
It's almost like the China bans then unbans bitcoin thing.
yeah...real names on South Korea exchanges..not sure what the fuss was about if all they are gonna do is follow USA guidelines on exchanges like coinbase...
was the FUD just for FUN..to make the lawmakers in South Korea look like they were relevant?
If South Korea just ends up taxing exchanges, that's actually a good thing. It legitimizes cryptos. And no government wants to shut down something once they start making money off it. If anything they'll encourage more of it.
Ugh. Screw this downward momentum.
Got a bad feeling in my gut just now...
Figures. The act of me moving my next batch of coin onto an exchange caused the price to retreat.
That's muh story, and I'm stickin' to it.
Sheeit.
All told, it still just looks like an orderly correction. This isn't a panic sell. This isn't a 'capitulation'. Sure, the weak hands are being squeezed. But it's not yet selling at any price.
Noticing that all the "hype coins" are taking the hardest hit. I'm beginning to speculate which one will be the next to implode.
Ripple is definitely taking a disproportionate hit. If there was ever a definition of 'Froth', that would be it.
Pop quiz: Convince an average low/middle class fiat-loving law-abiding person that they should use bitcoin without talking about its price or making profit by trading it.
The people you've described tend to be very very stupid, or at least simple-minded. Sheep in general. They believe that government and establishment will help them out, if they only vote for the right politicians.
They think that the best way to make money is to put it in a bank and lose 3% purchasing power each year, despite interest, or to invest in some conservative mutual funds which won't make them any real profit until they die - at least they can pass it to their children... after a hefty tax.
Or maybe they just love being slaves.
EDIT with regards to your quote - if these people are fiat-loving, then you'd have to change that first. For them, Bitcoin offers no benefits because they love the government and idolize the leaders of their political philosophy in government.
Of course, these same leaders will dump them in an economic crash and tax them into oblivion.
I think the proper technical term is agreeable. It's not something you choose. Just like we didn't choose to be disagreeable.
In my experience, most of these "agreeable" people become very aggressive, and call Bitcoin a "scam" etc.
The most common concern I hear is that "Bitcoin is not controlled by anyone, therefore it's too risky". I'm not kidding.
Um, how about a little more discussion about price movement??
No true 'crash' yet: still just an orderly correction. Long overdue correction, I might add.
Sellwal:
300 BTC shot @ 9197 on Stamp....vapourised.
I participated in that... After half went in a single bite. I’m temporarily back in bull mode. For better or worse.
Have you bought higher than you sold??
Nope. I’m defending my profits. Do you think it’s a bull trap?
I thought you had sold and rebought higher, sorry (Now I think that is Rosewater, at least the sold part).
No, I don't think it is a bull trap... but what do I know.
On CMC, it shows the volume decreasing though. That's a bit worrying to me. Could be a bull trap, in that case.
Day chart shows a nice hammer bottom candle.