• Breaking News

    Wednesday, October 2, 2019

    Home Unlabelled Bitcoin Daily Discussion, October 02, 2019

    Bitcoin Daily Discussion, October 02, 2019

    October 02, 2019

    Bitcoin Daily Discussion, October 02, 2019

    Daily Discussion, October 02, 2019

    Posted: 02 Oct 2019 12:00 AM PDT

    Please utilize this sticky thread for all general Bitcoin discussions! If you see posts on the front page or /r/Bitcoin/new which are better suited for this daily discussion thread, please help out by directing the OP to this thread instead. Thank you!

    If you don't get an answer to your question, you can try phrasing it differently or commenting again tomorrow.

    We have a couple chat rooms now!

    Please check the previous discussion thread for unanswered questions.

    submitted by /u/rBitcoinMod
    [link] [comments]

    Plan B

    Posted: 01 Oct 2019 09:27 AM PDT

    This is good for bitcoin

    Posted: 01 Oct 2019 11:41 PM PDT

    Hong Kong Bitcoin Trading Volume Spikes to Highest Levels Ever Recorded

    Posted: 02 Oct 2019 02:46 AM PDT

    Our lone soldier

    Posted: 02 Oct 2019 02:00 AM PDT

    Just bumped into this in Birmingham, UK :)

    Posted: 02 Oct 2019 02:21 AM PDT

    Maduro: Venezuela to Enable Crypto Payments Soon. The country been running internal tests to determine whether it can hold cryptocurrencies in its reserves. The idea is to send Bitcoin and Ethereum from the central bank to the state oil company’s suppliers.

    Posted: 02 Oct 2019 12:48 AM PDT

    I made bitcoin tracking spreadsheet complete with live crypto price updates, moon math, and a full history of your Portfolio and trading performance (Updated).

    Posted: 01 Oct 2019 09:01 PM PDT

    I made bitcoin tracking spreadsheet complete with live crypto price updates, moon math, and a full history of your Portfolio and trading performance (Updated).

    This is a spreadsheet that I have developed for myself gradually over the last couple years. I have found it very helpful for keeping track of my bitcoin holdings (great for tax purposes). No need to trust third party apps to keep your personal information - track it yourself.

    There is a lot in here including;

    Automatically updates prices from coinmarketcap. The top 100 coins included. Just select which ones you want to track by typing in the name.

    You can even choose your local Fiat currency and get live conversion rates for any country.

    ​

    https://i.redd.it/t0bg64lyt1q31.png

    No need to record details of every trade. Just keep track of your crypto purchases (from fiat) and what coins you currently hold. The spreadsheet will calculate the rest and keep a record of how your portfolio and holdings have changed over time (it logs this data every time you save the sheet)

    https://i.redd.it/2wc7s07ut1q31.png

    ​

    https://i.redd.it/cf00icj2u1q31.png

    I find this very handy to see if your trading is actually profitable compared to the HODL method.

    ​

    https://i.redd.it/vj99j8w3u1q31.png

    There are plenty of 'moon math' and analytics to see how bitcoin is trending. This includes a full history of bitcoins price which updates every time you open the sheet.

    ​

    https://i.redd.it/s2uymtibu1q31.png

    This version has some bug fixes and a few new features including a 'Stock to flow' price prediction model;

    ​

    https://i.redd.it/phvt1lr2t1q31.png

    free download from below. Instructions inside. You will need macros enabled if you want it to do the fancy stuff.

    https://www.dropbox.com/s/5vq8lglmnrt9dfv/Cryptoprices10%20-%20For%20others.xlsm?dl=0

    Let me know if you have any issues.

    submitted by /u/Fly115
    [link] [comments]

    German State Bank forecasts BTC price of 90,000 USD

    Posted: 02 Oct 2019 03:50 AM PDT

    German State Bank forecasts BTC price of 90,000 USD

    Megatrend Digitization - Is Bitcoin Gold outstripping the rank?

    In the study, the two banks strike an unusually positive tone towards Bitcoin. The study uses the above-mentioned stock-to-flow model to analyse the value of Bitcoin.

    According to the investigations of the Research Department of Bayern LB, Bitcoin currently has a stock-to-flow value of 25.8. This increases abruptly to 53 after the halving in May 2020. This is due to the fact that the block rewards for miners are halved from the current 12.5 to 6.25 at the event which takes place every 4 years. This will also halve the supply of new Bitcoin (Flow), making each Bitcoin all the more valuable on paper.

    Extract from the content:

    To check the plausibility of the estimate results, we also deduct the market capitalizations and stock to flow ratios of gold, silver, platinum and palladium. The sources here are the classical publications in which stocks and production quantities are reported. In particular, we are faced with the question of which is the appropriate number for the respective production. In order to keep the data mining process simple, we consider only mine production as production, i.e. the process that "uses the Earth", i.e. adding a new raw material to the economic cycle. Bitcoin is gold close on its heels...

    ​

    https://i.redd.it/lbj2o7vyx3q31.jpg

    Logarithmic scales, x-axis: stock to flow values, y-axis: market capitalization in USD (billions****)

    The most exciting thing, of course, is looking to the future. That's how Bitcoin's Stock to Flow-value in May 2020 - i.e. after the next halving: From currently approx. On the other hand, Gold's stock to flow value of currently around 58 will rise from 25.8 to almost 53 in May 2020. are only marginally higher, if at all. If you take this May value for Bitcoins Stock to Flow in the model feeds, comes a dizzying price of about 90,000 USD per Bitcoin*. Accordingly, in the current price of around 8,000 USD, the the pending halving effect is hardly priced in (the current model value is approx. 7,500 USD).\*

    Conclusion: Bitcoin has been designed to be even harder than gold.

    Source (PDF):

    https://www.bayernlb.de/internet/media/ir/downloads_1/bayernlb_research/megatrend_publikationen/megatrend_bitcoins2f_20190930.pdf?fbclid=IwAR0irYEMQnZ6g5NnYO9_b9rbrtcxrAVe3sOkprERTx6yADmHQ_IXXqEnNDg

    submitted by /u/xr3rebell
    [link] [comments]

    Finally Convince Partners to Accept Lightning (Huntsville, AL)

    Posted: 01 Oct 2019 01:55 PM PDT

    Bitcoin Whale Moves $49m Between Wallets, For Only 64 Cents

    Posted: 02 Oct 2019 01:56 AM PDT

    Mark Cuban Trashes Bitcoin, Confirms What We All Suspect: He's Not a Tech Guru.

    Posted: 01 Oct 2019 03:58 PM PDT

    Sorry Mark Cuban, we all know who the real "TECH" Shark is... (Robert) so you can stop pretending now that you know anything about technology...

    I ranted more here:

    https://medium.com/@crypto_stalker/mark-cuban-trashes-bitcoin-makes-real-nerds-look-bad-d783d87794b0

    But has anyone else noticed that this guy thinks he is some kind of tech genius but he doesn't actually know shit about tech!?!?!

    I wouldn't trust bitcoin or crypto advice from this guy if he paid me.

    Also, since when are crypto-focused news agencies so desperate for actual expert interviews that they have to go to just anyone with millions of dollars and a big mouth know-it-all attitude!?!

    I guess since I am a tech-guy who never made a million dollars I get offended when rich assholes try to act like they know everything about tech, when we all know he couldn't code his fucking way to a custom myspace page.

    submitted by /u/mywebguys
    [link] [comments]

    Spotted! Mall in Utah!

    Posted: 01 Oct 2019 08:08 PM PDT

    Just got this on my Coinbase app...what’s it mean. (Other than the obvious)?

    Posted: 02 Oct 2019 03:03 AM PDT

    Just started at Bitcoin

    Posted: 02 Oct 2019 03:37 AM PDT

    Hey Reddit!

    I just started at bitcoin few months ago. I have tons of questions and definitely need some help, I'm completly surpassed with information and it makes pretty difficult to learn something at all. I have previous knowledge about the FOREX since i was learning about that before i got much more interested in crypto currencys. I would like to know what do you recommend me to do... Where to inform my self, some tips, where to buy/sell Bitcoins and altcoins (ATM im using Coinbase) and stuff like that. Im trying to learn all of this by my self but i will appreciate if someone can help me a little bit.

    Thanks for the replys :)

    (I'm sorry if my english is not the best)

    submitted by /u/ziggy_-
    [link] [comments]

    German State-Owned Bank Calls Bitcoin 'Ultra Hard Type of Money'

    Posted: 01 Oct 2019 11:02 AM PDT

    First Time Investing

    Posted: 01 Oct 2019 06:07 PM PDT

    I put $500 in to bitcoin. I plan on holding for a while like I do with my shares. That's it.

    submitted by /u/forsosa
    [link] [comments]

    Karlsruhe, Germany Main Station

    Posted: 01 Oct 2019 04:19 PM PDT

    At my local gas station

    Posted: 01 Oct 2019 10:00 PM PDT

    If You Believe In Bitcoin, It Is The Perfect Time To Buy Some

    Posted: 01 Oct 2019 12:08 PM PDT

    Fighting A Losing Battle: Federal Reserve Prints Another $63.5B This Week

    Posted: 01 Oct 2019 09:07 AM PDT

    6th #Bitcoin QR code on a #StreetArt fresco �� in Paris. Thanks to all the donors till 2 years! This is a real usecase to support street artists without 3rd parties. To see the entire mural, check out my last post on reddit or my website

    Posted: 01 Oct 2019 11:37 AM PDT

    Spotted in Mexico City. Bitcoin bar.

    Posted: 01 Oct 2019 01:07 PM PDT

    Selling with bitcoin

    Posted: 02 Oct 2019 12:05 AM PDT

    Was wondering if theres a way to sell items with a bitcoin "buy now" button like the paypal button that you can easily put up on your own site without having to sell your items on a site that you do not own.

    Is that possible at all?

    Thanks in advance

    submitted by /u/dean_yyy
    [link] [comments]

    How have others handled amending taxes involving Bitcoin?

    Posted: 01 Oct 2019 10:34 PM PDT

    In 2017, I asked my accounted to fix my mistakes from 2013 and 2014 involving bitcoin. I had foolishly thought you paid taxes on the amount you made on your investment. I didn't realize every buy/sell was taxed. I paid no taxes in 2013 and 2014 on BTC for this reason. Once this embarrassing error was brought to my attention, I tried to remedy it by amending those years.

    6 months later, I get a letter saying I can't amend those years because they're outside the window the IRS can collect. They send back my money.

    I tell my accountant who says, "I guess they don't want your money!" I let him know that kind of worries me.

    Flash forward and I get one of those IRS 6174-A letters. I panic because I agree with the letter! I haven't done this right.

    I call the number on the letter. The man who answers says those years are re-opened for people who got the letter and I can I submit them again. I think, great! I'll get this all squared away.

    But a few months after sending my amended returns the second time, I received a letter telling me "WE CANNOT ACCEPT YOUR CLAIM" for 2013, with slightly similar language (although a little more aggressive than the first). It says the postmarked date is outside the window they can accept it. "We disallowed you're claim for credit for the tax period."

    I'm genuinely worried that this is going to end badly if I don't get ahead of it but the IRS just won't take their money from me. I have this bad feeling that the IRS is planning to make examples out of average people. Even if it's not over a lot of money (I owed them about 3000 dollars, I believe).

    So my question is, has anyone else experienced this? Am I just doing this all wrong? How did other people deal with this? I can't be the only one who needed to amend 2013 and 2014.

    Any advice and help would be really appreciated. Im feeling stuck and concerned.

    submitted by /u/darling-putrid-cynic
    [link] [comments]
    Read more
    at

    No comments:

    Post a Comment