All this talk about cap gains increasing. Ya'll need to chill.

1. The proposal is a cap gain increase for those making over $1M/year in income. Average Joes unaffected.

...and it doesn't even matter, because...

2. It'll never, ever, ever, ever, ever, ever pass. Won't even make it to the floor. It's all just talk. Why? Because the politicians are beholden to the very elite that this would affect, that's why.

No, actually Boomers and elderly living longer than any previous generation before (due to medical advances to extend life) and continue to work longer than previous generations (e.g., can't retire, no savings, etc.). And the population continues to grow instead of shrink.

Another fun fact, male labor participation rate is collapsing in an alarming fashion.

OT: The media blathers on incessantly about "Oh yeah, look, the economy is returning to normal. Jobs are coming back! People are spending again. Prosperity and employment will soon be back to pre-covid levels! Yay!"

No. They. Are. Not. Coming. Back.

It's all a lie.

Actually just skip that question and move straight to "GTFO". Saves a lot of time and BS.

So transaction fees on OKEx should then drop to zero, yes? 

Great article by zerohedge showing where all the Fed's money printer go brr is actually going (and where it's not going)

https://www.zerohedge.com/markets/stunning-divergence-latest-bank-data-reveals-something-terminally-broken-financial-system

tl/dr - Bank deposits at an ATH, while bank loans haven't budged in 12 years. When the banks start issuing cheap loans, jumbo loans, and cheap 0% credit again to the Average Joe public, that's when inflation will really kick into overdrive in the next 5 years.

Pomp gets it.

A drop since the Coinbase IPO launch, while shitcoins pump. Oh what a surprise.   

I swear, you can set a clock to all the bull trap/bear trap games these traders play.

I set one of mine in 2013, hasn't missed a second since.

Pump shitcoins up,

You've got to Pump shitcoins up,

Don't you know Pump shit up,

You've got to Pump shitcoins up...

https://www.youtube.com/watch?v=0HtyF0jux2Q

Those fkn idiots over there pumping various worthless penny stocks, thinking GME is worth hundreds per share (news flash: it's not), thinking they can squeeze the silver market (news flash: can't be done), throwing good money after bad YOLO style...

...and some of them hate crypto? Like they're so smart and it's beneath them to own it?

Oh that's ripe. You can't fix stupid.

Fuck fuck fuck Wall Street. So fucking corrupt.

I just did the math. Had the public been able to invest directly in Coinbase stock pre-IPO back in 2013 at $0.20/share like the exclusive angel investors, they'd all be up 1250X their investment. Likely much better off than just putting that money into Bitcoin in late 2013.

(Although I'm not saying not to buy Bitcoin, that's a no-brainer to own the underlying asset directly).

This is why the 1% gets filthy rich on stonks, while the general public gets shut out of the game.

Uh Jimbo, before you go scoffing at Bill Gates haters (and lowkey letting him off the hook), you might want to read this:

https://www.forbes.com/sites/arielcohen/2021/01/11/bill-gates-backed-climate-solution-gains-traction-but-concerns-linger/?sh=3398e740793b

People have very legit reasons for calling him an arrogant narcissist and insane.

So Bitcoin trades off, whilst there be one last big pump into the absolute shittiest of shitcoins...bottom of the barrel.

Hmmm...nice one, bears.

Yeah, we know what you're up to. And it won't work. We've all seen this bear trap movie before.

No worries, soon your $1000/week stimmy (*cough* UBI) check from the govt should cover it. That's at least 4 big macs a month for ya.

Wha ?

https://youtu.be/CJh59vZ8ccc?t=32

Bingo, you nailed it.

Look how hard that PayPal, Tesla, and soon other companies are working to now suddenly offer more ways for Average Joe to directly spend their bitcoin? They think bitcoin users desperately want that, because that's what those users dreamed of in the beginning---using bitcoin as a direct currency. But now bitcoin users are becoming wary of spending their bitcoin on "depreciating stuff". Companies want your valuable bitcoin asset, and want to give you "stuff" in return. That's because they know that a) bitcoin is still way undervalued, and b) bitcoin is far more valuable than the "stuff" they're selling you.

Plus as a U.S. citizen, I don't even get it. I would still have to pay capital gains tax on my bitcoin, whether I spent it directly on stuff, or sold it first and paid with the fiat. So why bother spending it directly at all? I have a digital fiat account for that. By taxing gains on directly spent bitcoin transactions, the U.S. has made a ginormous mistake...by inadvertently creating more diamond hand hodlers.

I know that no one wants to hear this, but with such a weak push upward on low volume, I'm thinking it might retest $57K again before making new highs.

But whaddu I know.

I think that the occasional women accounts that wander into the WO thread from time to time, get turned off by all the NSFW and silly bro/misogynist shit that gets posted here on the regular. As well as all the tech/politics/religion arguments *cough* debates.

Which is why any account that hangs out here over a long-ish period of time that claims to be a "female" is full of shit (news flash: they never were a woman, they were lying the whole time)

I just dumped all my bitcoin for THETA.

Feels like I'm getting on the ground floor of something huge! My timing is perfect!

Sorry Elwar, you weren't quick enough. I just sold an NFT to your family star about 5 minutes ago. The new owner owns it now, not you.

Also just sold an NFT for a Chinese satellite. Fuck you, China!