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DUMP is back.
Boring till?
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Thanks to POWELL?  |
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I basically meant the way we had a ‘fake ATH’ from around February 2021 (when we had already hit something like 58k) to November 2021, when we finally reached the last ‘ATH’ at 69k
I mean sure, sometimes it takes a while...  But I was there for the 400s.  same same I jumped into BTC in l the low 200s' in 2015.. But still.. Hopefully we will see a real breakout soon. #stronghands. |
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Every time we push higher, it's an indication there's much more up available. It's a good thing.
Like 2021 ? When the price was around 25k? I basically meant the way we had a ‘fake ATH’ from around February 2021 (when we had already hit something like 58k) to November 2021, when we finally reached the last ‘ATH’ at 69k |
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How many fake ATHs do we need ?  Every time we push higher, it's an indication there's much more up available. It's a good thing. Like 2021 ? |
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How many fake ATHs do we need ? |
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How many fake ATHs before the real pump ? |
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As I mentioned on another forum, they’re saying it only applies to “approved” exchanges , so probably just Thai crypto exchanges. Anyway, capital gains were already tax-free when using foreign crypto exchanges. It’s only if you remit the capital gains to Thailand (and if you’re a tax resident that year) that it could be taxed. As Thailand is a territorial tax country. But if they also approve the new tax exemption for remitted income (locally) in year N and N+1, that would solve the issue anyway. |
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Hopefully it doesn't smell like a sideways move and fake new ATHs like in 2021.
#HODL
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enough
here is a haiku
wo and Sunday haiku
from Philip to all
A very lame one
Go down under and observe
Eddie shows the way. Enjoying in BKK with El duderino_ Cheers!  |
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 El Duderino
Watching the show with popcorn
But where is he @? BKK... we're neighbors  |
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I have been hoping this administration would cut or even eliminate capgains taxes.
I should be careful what I wish for. 😵💫
Funny, but I'm sure most of the people in this thread are still sitting on massive capital gains. For me personally, the difference between paying capital gains taxes on $100K Bitcoin or selling tax free at $80K isn't all that much of a difference... Just putting things in perspective. With such huge gains this year I think it was obvious we'd see a correction as people liquidate to pay their tax obligations. Trump seemed to magnify that by using this time to implement his tariffs. Almost like they wanted the price to fall... Like they were planning a buy in the near future or something... What I have a hard time understanding about all those who made huge capital gains — let’s say high 7 digits, but more realistically 8 digits — is this: Why stay a tax resident in a country that taxes your capital gains? (Especially when, let’s be honest, you should’ve left well before this cycle.) And for the unlucky U.S. citizens: why haven’t you renounced your passport after securing a second (and ideally a third one), instead of keeping that Uncle Sam noose around your neck? Well lets say back in 2012 when coins dropped to 7 bucks after the first 1/2ing that I purchased 200 coins for 1400 and held them all. If I left the USA last year right after trump won AND CASHED in those coins on Jan 20 for 20million I would be obliged to pay usa taxes via claw back laws. To avoid the taxes I would need to move to a non capital gain country and hold for a while not a few months. Maybe at least 3 to 5 years. or just cash while in the states and pay the 5 million on the 20 million more like 6.5 million as New Jersey would get me to. Are there any specific rules or laws, as a U.S. citizen, requiring you to maintain your new residency for at least 3–5 years after changing it, specifically regarding capital gains? If not, most countries without capital gains tax or with a territorial tax system do not require such a period. You can generally take your profits the following year after relocating. |
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I have been hoping this administration would cut or even eliminate capgains taxes.
I should be careful what I wish for. 😵💫
Funny, but I'm sure most of the people in this thread are still sitting on massive capital gains. For me personally, the difference between paying capital gains taxes on $100K Bitcoin or selling tax free at $80K isn't all that much of a difference... Just putting things in perspective. With such huge gains this year I think it was obvious we'd see a correction as people liquidate to pay their tax obligations. Trump seemed to magnify that by using this time to implement his tariffs. Almost like they wanted the price to fall... Like they were planning a buy in the near future or something... What I have a hard time understanding about all those who made huge capital gains — let’s say high 7 digits, but more realistically 8 digits — is this: Why stay a tax resident in a country that taxes your capital gains? (Especially when, let’s be honest, you should’ve left well before this cycle.) And for the unlucky U.S. citizens: why haven’t you renounced your passport after securing a second (and ideally a third one), instead of keeping that Uncle Sam noose around your neck? In short...some people are like trees: they have roots. Additionally, when you are tilting toward later years the idea of playing a playboy in Dubai does not really resonate. Finally, US long term cap gains tax is a "tolerable" 23.8% max with the first $96.5K (for 2025) of no tax for a married filing jointly. There are way more options than the UAE — even though it can still be a solid Plan A, B, or C, depending on what you want and your lifestyle. |
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I have been hoping this administration would cut or even eliminate capgains taxes.
I should be careful what I wish for. 😵💫
Funny, but I'm sure most of the people in this thread are still sitting on massive capital gains. For me personally, the difference between paying capital gains taxes on $100K Bitcoin or selling tax free at $80K isn't all that much of a difference... Just putting things in perspective. With such huge gains this year I think it was obvious we'd see a correction as people liquidate to pay their tax obligations. Trump seemed to magnify that by using this time to implement his tariffs. Almost like they wanted the price to fall... Like they were planning a buy in the near future or something... What I have a hard time understanding about all those who made huge capital gains — let’s say high 7 digits, but more realistically 8 digits — is this: Why stay a tax resident in a country that taxes your capital gains? (Especially when, let’s be honest, you should’ve left well before this cycle.) And for the unlucky U.S. citizens: why haven’t you renounced your passport after securing a second (and ideally a third one), instead of keeping that Uncle Sam noose around your neck? |
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Just a reminder… Bitcoin is up 25% in the last 6 months.
What a crazy up for a bullrun market |
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BTC is shaking today, just like my guest bathroom in Bangkok (sad day)..  nice tile hoping your losses where just what we see. I saw that many are trapped under a collapse of a building. Guest bathroom looks like this, two doors broken, many cracks on the walls and the false ceiling... Could have been worse, but it was extremely scary. I was taking a shower (in the other bathroom) on the 39th floor when everything started shaking like crazy... For a minute, I really thought it was my last day. |
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BTC is shaking today, just like my guest bathroom in Bangkok (sad day).. |
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BTW.. 10 years ago today, I bought almost all of my BTC holding.
Cheers.
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@rektcapitalThis current pullback (-29%) is one of the deeper retraces in the cycle but it's not extraordinary After all, we've seen a deeper retrace in the immediate Post-Halving period (-32%) Not only that, but we've seen deeper pullbacks in previous cycles Major 2021 corrections: -31%, -55%, -25% Major 2017 corrections: -34%, -34%, -38%, -40%, -29%  https://x.com/rektcapital/status/1901660510069645603Please let this correction be eaten back up soon 🙏🏻 Yes OK, but the main difference with 2017, and to a more nuanced extent in 2021, is that we had HUGE multiples before these corrections... No "ants" uptrend. We simply have (until proven otherwise in the future) diminishing returns while maintaining the same percentage drops you are so very negative. hopefully you are wrong. I am not negative, and I really hope I will be wrong on it. But for now the facts are there. |
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@rektcapitalThis current pullback (-29%) is one of the deeper retraces in the cycle but it's not extraordinary After all, we've seen a deeper retrace in the immediate Post-Halving period (-32%) Not only that, but we've seen deeper pullbacks in previous cycles Major 2021 corrections: -31%, -55%, -25% Major 2017 corrections: -34%, -34%, -38%, -40%, -29% https://x.com/rektcapital/status/1901660510069645603Please let this correction be eaten back up soon 🙏🏻 Yes OK, but the main difference with 2017, and to a more nuanced extent in 2021, is that we had HUGE multiples before these corrections... No "ants" uptrend. We simply have (until proven otherwise in the future) diminishing returns while maintaining the same percentage drops |
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