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October 27, 2021, 05:17:59 AM *
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Question: October Closing Price:
<$59,000 - 6 (15.4%)
$59,000-$60,000 - 1 (2.6%)
$60,001-$61,000 - 0 (0%)
$61,001-$62,000 - 1 (2.6%)
$62,001-$63,000 - 4 (10.3%)
$63,001-$64,000 - 3 (7.7%)
$64,001-$65,000 - 3 (7.7%)
$65,001-$66,000 - 3 (7.7%)
$66,001-$67,000 - 2 (5.1%)
$67,001-$68,000 - 1 (2.6%)
>$68,000 - 15 (38.5%)
Total Voters: 39

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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 25467400 times)
This is a self-moderated topic. If you do not want to be moderated by the person who started this topic, create a new topic. (157 posts by 13+ users deleted.)
Biodom
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April 22, 2021, 09:50:23 PM

I take it the Biden lovers here still love him after threatening to double capital gains tax, right, because it's gonna go to a "good cause"?

https://www.msn.com/en-us/money/markets/biden-to-propose-capital-gains-tax-of-396-to-fund-education-and-child-care-reports-say/ar-BB1fWevE


Probably why your corn is worth a bit less at the moment.

I don't understand this.  Rather than pay a (yet to be proposed) higher capital gains tax, Americans would pull their money out of the markets right now and put it into what?  Is the plan to make no capital gains in the future?!

 

Exactly. Why sell and pay more than 50% tax in some states (43.4% in TX) on above 400k (or is it a mil)?
The position that you don't have to sell is further solidified by this.
I wouldn't like to pay 50% on what came from holdling through blood, sweat and tears and I legally wouldn't have to if I DON'T SELL.

For some, like Bawb, it is too late as they will make it retroactive to Jan 1, 2021, no doubt (if it passes).
A big boost to all btc lending services. However, if your btc collateral is liquidated, then you would have to pay cap gains taxes:
https://www.forbes.com/sites/shehanchandrasekera/2021/03/17/how-are-crypto-loans-taxed

Of course, there could be even more wicked schemes about yearly taxation of unrealized gains, but i would deal with that when it materializes.
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BitcoinGirl.Club
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April 22, 2021, 09:53:22 PM
Merited by philipma1957 (1)

That is some serious red mayhem going on.
Relax and take a break, remember why you are bitcoiners and why you are here.
Don't panic.
You know the game.
Been playing the game since 2013/2014.
Too experienced to be panicked.
$100k is where the eyes are now.
Richy_T
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April 22, 2021, 09:53:26 PM

I never really got this though: if the tax is fixed, why would you want to postpone paying the tax, if you have to pay it eventually anyway? Unless you're hoping for the tax to go down.

There are often allowances and sometimes longer time invested means lower tax.
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April 22, 2021, 09:57:39 PM
Last edit: April 23, 2021, 01:06:41 AM by Biodom
Merited by DaRude (1)

I don't understand this.  Rather than pay a (yet to be proposed) higher capital gains tax, Americans would pull their money out of the markets right now and put it into what?  Is the plan to make no capital gains in the future?!
We don't have a capital gains tax, but as far as I understand you'd pay the current tax if you withdraw now.
So, if you gained $100 and tax is 20%, you owe $20 in taxes now if you realize the gains. Then you start from scratch with no gains, and taxes go up to 40% only on your future gains (not on your past gains).

I never really got this though: if the tax is fixed, why would you want to postpone paying the tax, if you have to pay it eventually anyway? Unless you're hoping for the tax to go down.

of course, no, it would be made retroactive to Jan 1, 2021, otherwise there will be gigantic tax-related selling over the rest of 2021.
why postpone paying the tax? because if you sell, whatcha going to do with 60% that is left. Invest again? lol
Besides, you can spread it out over the years.
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April 22, 2021, 10:24:59 PM
Merited by JayJuanGee (1)

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.
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April 22, 2021, 10:27:21 PM

Which means there is a fire sale for bitcoin going on RIGHT NOW!!!!!!!!!!!!!!!!!!
OutOfMemory
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April 22, 2021, 10:41:53 PM
Merited by Biodom (1), JayJuanGee (1)

Who expected the price not to go down after i bought?
I'm just a little annoyed that i didn't buy later.

In my mind, the following scene goes on and on:

Joe: "Fuck! Saylor, Musk, even my dickhead son bought a ton of bitcoin at prices lower than $20k. Now i have to fucking fomo-buy in at almost $60k, or what?!"
Janet: *raises hand*

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April 22, 2021, 11:19:23 PM

Who expected the price not to go down after i bought?
I'm just a little annoyed that i didn't buy later.

In my mind, the following scene goes on and on:

Joe: "Fuck! Saylor, Musk, even my dickhead son bought a ton of bitcoin at prices lower than $20k. Now i have to fucking fomo-buy in at almost $60k, or what?!"
Janet: *raises hand*



Joe B. and Yellin' Janet? lol
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April 22, 2021, 11:22:12 PM

Who expected the price not to go down after i bought?
I'm just a little annoyed that i didn't buy later.

In my mind, the following scene goes on and on:

Joe: "Fuck! Saylor, Musk, even my dickhead son bought a ton of bitcoin at prices lower than $20k. Now i have to fucking fomo-buy in at almost $60k, or what?!"
Janet: *raises hand*



Joe B. and Yellin' Janet? lol

Yep  Grin

EDIT: A quick green vape and off to bed. Bitcoin, surprise me in the morning, will ya?  Cool
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April 22, 2021, 11:49:17 PM
Merited by JayJuanGee (1)

it is too late as they will make it retroactive to Jan 1, 2021

That's not how this works.

That's not how any of this works.

Stop spreading FUD.
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April 22, 2021, 11:53:11 PM
Merited by JayJuanGee (1)

Widely used forensic software can be exploited to infect investigators' computers.

https://arstechnica.com/information-technology/2021/04/in-epic-hack-signal-developer-turns-the-tables-on-forensics-firm-cellebrite/

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For example, by including a specially formatted but otherwise innocuous file in an app on a device that is then scanned by Cellebrite, it’s possible to execute code that modifies not just the Cellebrite report being created in that scan, but also all previous and future generated Cellebrite reports from all previously scanned devices and all future scanned devices in any arbitrary way (inserting or removing text, email, photos, contacts, files, or any other data), with no detectable timestamp changes or checksum failures. This could even be done at random, and would seriously call the data integrity of Cellebrite’s reports into question.
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April 23, 2021, 12:06:51 AM

Widely used forensic software can be exploited to infect investigators' computers.

https://arstechnica.com/information-technology/2021/04/in-epic-hack-signal-developer-turns-the-tables-on-forensics-firm-cellebrite/

Quote
For example, by including a specially formatted but otherwise innocuous file in an app on a device that is then scanned by Cellebrite, it’s possible to execute code that modifies not just the Cellebrite report being created in that scan, but also all previous and future generated Cellebrite reports from all previously scanned devices and all future scanned devices in any arbitrary way (inserting or removing text, email, photos, contacts, files, or any other data), with no detectable timestamp changes or checksum failures. This could even be done at random, and would seriously call the data integrity of Cellebrite’s reports into question.

also aesthetics are important
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In completely unrelated news, upcoming versions of Signal will be periodically fetching files to place in app storage. These files are never used for anything inside Signal and never interact with Signal software or data, but they look nice, and aesthetics are important in software. Files will only be returned for accounts that have been active installs for some time already, and only probabilistically in low percentages based on phone number sharding. We have a few different versions of files that we think are aesthetically pleasing, and will iterate through those slowly over time. There is no other significance to these files.
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April 23, 2021, 12:44:08 AM
Merited by Sayeds56 (1)

Where are those who were poking her at $64k?
Biodom
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April 23, 2021, 12:49:39 AM

it is too late as they will make it retroactive to Jan 1, 2021

That's not how this works.

That's not how any of this works.

Stop spreading FUD.

Learn your history, pal.
https://www.baltimoresun.com/news/bs-xpm-1993-08-11-1993223042-story.html
https://www.latimes.com/archives/la-xpm-1994-06-14-mn-3963-story.html
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April 23, 2021, 12:52:28 AM

Reason of current dump
https://cointelegraph.com/news/here-s-why-bulls-aren-t-this-buying-the-bitcoin-price-dip-to-50-000

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Data shows pro traders are not buying the current Bitcoin dip as tomorrow’s $1.55 billion options expiry looms.


Does anyone know where i can find full list of this options will expire? Previous huge dump also happened because of this.
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April 23, 2021, 01:50:11 AM

Don't tell me we are going to lose 50....  Roll Eyes

Edit: It dipped below for just a minute it seemed.
$50,600 level seems pretty strong with these bounces mostly.

Many alts doing far worse of course.
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April 23, 2021, 01:57:15 AM

Who’s pulling the rug?
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April 23, 2021, 02:05:58 AM


Yeah, well... like... just.. you know?
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April 23, 2021, 02:23:14 AM
Merited by JayJuanGee (1)

I take it the Biden lovers here still love him after threatening to double capital gains tax, right, because it's gonna go to a "good cause"?

https://www.msn.com/en-us/money/markets/biden-to-propose-capital-gains-tax-of-396-to-fund-education-and-child-care-reports-say/ar-BB1fWevE


Probably why your corn is worth a bit less at the moment.

I like how you conveniently left out "...for those Americans earning more than $1 million" part, is that what they call fake news??

Let's see, looks like there were 154,094,555 Individual income tax filed, out of those 541,410 is the Number of returns with AGI $1M or more (TY 2018). If my maths are right that's only 0.3% of tax returns.
https://www.irs.gov/statistics/soi-tax-stats-tax-stats-at-a-glance

Now i'm sure that there are a lot of issues with taxation etc, but tell me again how the fuck shit that's only effecting top 0,3% is what we're supposed to worry about? What if it was only effecting those hedge fund owners making over $10MM/yr, would you still feel the need to protect them?

154,094,555 Individual income taxes, collected $1,942,182MM, that's an average of $12603/return. Worst case, single filer with no dependents and standard deductions would need to earn over $89k/yr to be a net contributor. I feel for Bob and his ranch, but perhaps he can limiting his cap gains to $999k/yr for few years and the point is moot
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April 23, 2021, 02:25:40 AM

Which means there is a fire sale for bitcoin going on RIGHT NOW!!!!!!!!!!!!!!!!!!





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