Thats an awful idea and in business that would put USA out of line with the rest of the world.    Obviously gains can reverse, taxes can and do have influence on markets by feedback effect with certain cost leading to selling and lower prices and ultimately less capital invested.

Ultimately on taxes you can look at the amount governments spend, they will tax you one way or another and inflation itself is a form of taxation by over production of currency to best favor fiscal budgets first and foremost.   It could be considered fairly inevitable taxes will be levied, the best implementation is always to tax business in a sector not people specifically but as BTC is exchanged globally without a central point that would be hard to do without bringing competitive disadvantage to any USA company involved.  
  Before Biden and about last year prior to the virus deal occurring the same rumor was there for Trump, I thought it was quite serious and would be the cause of a new low some saw coming on the charts but it wasnt that and we've been busy elsewhere.  Arguably they are still distracted elsewhere I dont think it passes this year if it is a thing.

Never should be a swear word lest we forget the bad temper markets assume when told you cant do this.   If theres a more profitable trade to take downwards then up, if on balance gravity is the more consistent force to consider then why wouldnt we return to lower prices when we know some can make money in either direction and will always take the profit from any trade available.

BTC being caused a problem by one part of the world being low power is a bit worrying, Im sure its more then that but it didnt help discourage this current pullback in reason by showing something of a flaw and over reliance on one area of the world perhaps.   The lower fees now should be occurring all the time really, BTC has to advance in more then just pricing or I think it slips back having failed to make the most of the attention and potential investment.   Everything int he world is a gamble right now relatively so it helps elevate industries maybe more often avoided by the mainstream in normal times, its an opportunity not a gift because it will be taken back if not used to build better.

It might help the larger sites to retain some capital because of how much more difficult it is to withdraw and then in future deposit, better to just keep it the one place you know you will come back to.   The smaller and newer sites will likely suffer to a greater extent from additional discouragement.

Got some beautiful breakdown action happening in BTC.   Lets see how this day and week ends at forum time midnight but it appears to be taking in water tbh ie. a depreciating situ
   I really thought it might soften and find a foothold, do the usual bounce back up.   We'll see, BTC selling is normal business but a few might not be familiar hence it needs to happen to get all acquainted.   Would be nice if we can end the month similar mood and get me some pay despite the reduced odds cant get everything perfect, dont know I can relate to any news so its just a guess and my rough take from looking at graphs.
   Congrats to the Lambo winner, that is alot of tickets so deserved.   Please take the car, could even be sensible given BTC retraction we might cruise rest of the year and you can cash it in for BTC at a lower price some say autumn is a low before greater highs later.    I dont believe BTC is sincerely negative until properly testing higher prices, so my upside target was 58k  ie. fail in positive and you get a proper negative.   & mirror to that I guess 40k target downside seems fair.  So even if I got my month end price bet I'm not expecting a perfect storm but who knows weak hands can falter briefly.   Either way movement is more interesting then sideways imo.

I remember they had far higher rates then most countries for a long time.   Everything is different now, the order of currencies globally is a game of musical chairs and I dont doubt the music will stop sometime.  

In pooya's chart the similar area to catch a bid would be about 40k pricing where a prior ledge exists in the pricing.     I'd advise caution for the small time player till we pass 53k but I dont disagree we can turn around largely even with a great pullback it can end and still a new high can occur.
   We are on the 2 day average now, back and forth and a crossing over the weekly average is still some distance off so that too is lacking conviction to upside.   We have certainly slowed any descent and its quite reasonable to question either direction as possible now.

Just noticed one of the biggest streamers on Twitch I watch all the time is on Stake slots playing some games, pretty cool     he is pretty funny because he always has such an attitude going on, never boring but his luck did not favor him tonight but maybe tomorrow and he is running a giveaway when in a better mood.

The big holders wont sell, they will hedge which brings in middle men to trade these contracts for difference and all kinds of varied instruments that pay out on any lower price action.   Its happening all the time in stocks and many assets and imo here too is likely; its why its really not feasible to outlaw the idea of short selling because its a natural process similar to insurance perhaps and a short is always a future buy.


We're passing the two day average and the lower section of negative pricing, weekend action is subdued but it could be the stage set for greater moves during the working week where positive action may gain traction or we fail to hold and process further down having confirmed with volume this is not a price area in demand.   My main measure is weekly average but we have halted the rate of descent to near stand still.

-20% is for stocks and BTC more closely resembles the commodity markets where 10% moves in a day can occur.   Its not really valid to call it a bearish market just yet, its a pullback and we'll see how it proceeds over time not just price. 50500 I think is the price I need to see it hold as a low, if we see this occur in larger bars on the graph like daily and weekly then assume you have a counter rally even if you wish to speculate a wider bear trend.

Probably a rival operation I'd guess, what better way to take out the competition make the cops look good and get some praise and kept busy filling out forms while you liberate the former customers in your now thriving establishment.   Its all nonsense because the demand is the cause not the providers especially.

Nah its moved down a little too soon, this was not ideal in the context of this contest so whats happened is the odds adjusted a fair bit just before close so now I would get 1/3 the return on my bet.   In any case I think its not going to stay under till next Friday, it will cycle up and down but I think not back down again till after a week from now.   Doesnt likely have the momentum to do it all in one go, I guess we recheck the 50 day average from the underside like falling through the ice and trying to climb back out it wont be easy but we can float up to that point hence Im not so bearish for the moment.

I was winning the '5000' prize every day for a while, not super rare.   Even on the newsletter single ticket it wasnt super rare to get imoi

Wider market has been pulling back, not sure its more serious then that.    Bear market can be called for any move more then 20% from the top but that happens really often with crypto so I dont know that idea especially carries over.
Bottom prices now are in line with an initial trend downwards, that is we have slowed previously the rate of descent while continuing down.   Now the market has decided not to resume that harsher rate of sell its some slight bullish sign and if we hold that buying may accumulate some.



Just this moment its trading above a 12hr average, try 50500 for an area to hold as a low and price action may be positively developing.

First time dealing with someone most people on there would ask to personally verify not rely on the site itself.   Also judge on recent feedback mostly not just legacy, its an ok site used with caution just costs to use it.   Ideally you would build up a relationship gradually with a trading partner not rely on them suddenly for an immediate large amount, do that regularly and you should be ok with a greater amount is best method.


This applies to every country that a trade balance is required to truly import and export goods at a reasonable price.   Because oil is so difficult to process and low demand now Venezuela has lost alot of its trade and so support for its currency in addition to all the other problems.   Dollar is already an inflationary trade by the time it arrives in the country and brings its own problems but also liquidity on global scale where as the national currency has become isolated and avoided in all trade for lack of integrity.
   If any loses use of currency barter becomes a better prospect for retaining value and crypto is easily better day to day for almost anyone who has to transport that value over distance.

I did the deposit claim spins, thing is you had to really start the transaction as soon as possible as on that day it was taking a while to clear anyhow.   I had hundreds of sats paid per byte and it was 4 hours by miners to confirm just initially and with a deadline I imagine some wouldn't have made it anyhow.  There was some drop in mining power so the normal lag was exaggerated , BTC does adjust but I think its upto a week to do so.

The BTC price is below 50 day average consistently for the first time this year which makes caution likely by traders and buyers, its going sideways now but I wonder if 200 day can be a worthy target for the month end price bet.   Pipe dream bet at this point but I'll look, underdog bets are always about the value possible in the improbable.
Yea I presume wobbly legs till it clambers back above 58k

Its trading below the 50 day average, its less positive then it ended last week with so it appears we need to develop further and revise prices.    I'd be more confident of a resumption to price rising when back above the 50 day average, I did previously think we had to go back to the 200 day average but Im not sure it will require that or not now.    Meanwhile 200 day will risen quite alot so its  no longer too much of a negative, 25k would be a large negative to many so thats the outlier outcome I would expect to occur and still be relatively normal in most years as a low

Can you suggest one to me or post what you use because I have no doubt in future I'll be in a rush looking for one and running into all kinds of unreliable sites.  For Bitcoin I most often check a twitter feed where they post the most viable fees vs time frames it might actually be picked up.   This morning it took hundreds of sats per byte to get anything moved hours later, I dont think thats especially a working system really because the bulk of genuine revenue and trade resides with the normal average people who arent especially rich and will just go elsewhere and lose crypto business.

About 50% is usually the normal negative take on sell offs and I would say any push past that to lower prices is more obviously a time to buy with less hesitation as it relates better to long term prospects even if you had to wait years it wouldnt be totally wrong.    Obviously more examination of the chart at that time vs other measures such as FIAT, interest rates, inflation and any other competing standards.

Right now price is descending below a 2 day average price, it has lost momentum for the moment which is a large part of the fastest gains.   That can just mean we need to revise lower prices, reset this momentum to steady price expectations then start over and thats happened a few times already this year.    Most obvious underlining to YTD lows has been 50 day average I think, I've heard others mention 20 EMA also.

I looked up ETH today for some holding I have and its approaching 50 dollars which because Im not rich is too much to consider.    LTC was more reasonable still and one I found always worth checking was ETC though nothing is perfect now.

He is not all wrong but splitting the base and forking was not right either, he would have won more battles staying within the space rather then trying to force anyone to agree with him.   Ultimately the miners decided BTC was the correct direction which is as close to democracy that this space is going to get which means he needs to keep trying to peacefully compete and suggest improvements rather then derailing the main blockchain which seems to be his tactics.   That just makes him wrong and a problem rather then aid at that point, Im not sure he did anything useful as we already had alternative blockchains so I do disagree with his idea to declare himself the true definition of Bitcoin.

So long as he got a payoff before he hits 1000 attempts then its a success for him but theres no guarantee it pays off at all, nice hype to try for a stream.   Thats alot of money he has to commit just to test his even average odds nevermind the worst case where he must go past normal amount of attempts to win.

People are arguing BTC is not to be used for transactions in that way only in final settlement of a tab or bill paid over months that kind of thing.   That relies on credit and good will within those companies to customer relationships.    It seems obvious to me crypto overall needs to develop further, add more detail to payment layers to enable all parts of an economy.  I firmly believe the smallest entities of an economy are the most vital to have within crypto as the smallest businesses are the most able to double their size and revenue in one year and crypto requires that growth to justify itself.   If we get stuck on whales trading it will end badly imo

They are multiple times richer then me, this is not new news to me but I've done multiple bets previously on different account on different sites and it came in useful because you can hedge against yourself.   Also years ago Ive used it to transfer money, its especially relevant in these difficult times that because of the fees to move money manually you may find arbitrage is a cheaper way to realize profits in just one account.   In my case it was all separate companies so fine as far as I know, I dont know it causes a problem in any situation but obviously best to check.  Theres most often a spread cost to that, its not a free idea really just 'in extremis'
  Funny thing is I was reading about a blockchain recently that cleverly avoids transfer costs by utilizing purposeful burn proof as an alternative to proof of work, literally they put this into a protocol as a more efficient process which is not something I've read of before in an automated way, anyhow crypto is always interesting to be part of