Bitcoin Is Over $7,200!

[DTB]

That 12,000 level is like poison.

 

[Non Sequitur]

And the trustee unwinding Mt Gox isn’t helping the price: https://www.newsbtc.com/2018/03/09/...-major-bitcoin-price-crash-related-to-mt-gox/

 

[Joe Flacco]

BTC does not look good.

 

[Joe Flacco]

Channel adjusted for the rejection. Looks like minor term lower low so far.

 

[Joyce Potts]

I'm kicking myself for not selling at $18/$19 plus.

 

[Joyce Potts]

That's certainly possible. It might play out that way or it might not. What I am observing is that it is continuing on a path to broader acceptance and legitimacy.

Like the Federal Reserve? Legitimacy and all?

 

[Elliott]

WSJ (03/16/18) "Late last year, the Internal Revenue Service persuaded a federal judge to require Coinbase, a San Francisco-based digital-currency wallet and platform with about 20 million customers, to turn over customer information. Driving the IRS’s decision was its belief that few bitcoin investors appear to be paying taxes due on sales. The court order is one of the agency’s first moves as it clamps down on cryptocurrency scofflaws.

By March 16, the IRS will have data on about 13,000 Coinbase account holders who bought, sold, sent or received digital currency worth $20,000 or more between 2013 and 2015. The data in clude the customer’s name, taxpayer identification number, birth date and address, plus account statements and the names of counterparties.

Criminal tax lawyers expect the IRS will act on the information and high-profile cases will follow."

 

[Mr Rex]

Can they pay their taxes in Bitcoin?

 

[Joe Flacco]

People that got a 1099k from a exchange and not reporting gains are probably at high risk of audit.

 

[Joe Flacco]

They are reporting people with $20k or more in debit/credit card transactions. Not $20k or more in crypto transactions. If you didn't use a card to fund crypto purchase then they did not send info to the IRS.