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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 25462976 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.)
machasm
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April 23, 2021, 10:13:36 AM
Merited by JayJuanGee (1)

Having lived and survived through the 3 previous halvings I am not particularly worried about this current dip. Seems like business as usual to me.
As far as this recent CGT FUD goes, if peeps are selling off to offset their CGT liabilities I would think that the very same peeps are likely to FOMO back in as soon as the mandatory minimum period is met?
I did something my self recently where I sold a portion of BTC into an unnamed alt. Took advantage of my CGT allowance, held the shitcoin for 30 days then bought my original BTC back (actually made a little more due to said shitcoin going up more than BTC)
This then resets the CGT counter back to zero so I will only have to pay CGT at current rate on the BTC I bought back at the price I bought it at AFTER the 30 days.
I think the problem is going to be that by the time the mandatory period has lapsed for any new BTC bought for the CGT counter to be reset that the price of BTC in a months time is likely to be higher than it is now thus negating any perceived gains by having to pay a higher price for the same asset.
Hope this wasnt too confusing.
I am chilled about this whole "correction" and am looking forward to normal play resuming shortly.
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El duderino_
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April 23, 2021, 10:38:38 AM


Please believe me I wasn’t aware of his tweet when I wrote mine!
Lol... used the same “clockwork” word...

Oh no, you are not going to open a plagiarism thread on me in Meta? Are you?!

LoL, naaaah would never do such a thing as I also don’t see any plagiarism,just saw the tweet and we all love some planB hopium/wisdom s2f etc
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April 23, 2021, 10:44:58 AM
Last edit: April 23, 2021, 10:59:00 AM by hisslyness

Haven't sold anything yet. Looks like a perfect bulltrap. Stop whining and get back to hodling/buying!  Cool

Bulltrap or Beartrap? In which Phase are we yet?  Roll Eyes

[Image deleted to save space on the wall...]


It is a "Reverse BullTrap"... kinda like a Bear Trap, but alot more shiny..

Bought the dip... twice... i know i know... i need help!...
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April 23, 2021, 11:05:50 AM

Though after all this time.... to many still reacting like there is or could be a reason or something for this DIP indeed business as usual

Previous tether fud market manipulation, China same, forks.... now a silly tax story....

Everything is being used to het to the middle mans BTC, don’t let them get your BTC cheap
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April 23, 2021, 11:07:20 AM

Aaaaaaaand please

The wall observer,
Best thread in BTC history.
Now more backbone needed
.
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April 23, 2021, 11:15:56 AM

Oooh weee. Just got filled at $49,250, AND IT FEELS SOO GOOD!!!
EDIT: $49,000 filled... OH BABY!!!

Early signs of Bitcoin Price Recovery on 15m Chart

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April 23, 2021, 11:18:37 AM

I see the same but just see it everywhere  Tongue
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April 23, 2021, 11:28:53 AM

What a load of crap this CGT from Biden is! Just political point scoring and pandering to the leftist!

If you are lodging Tax Returns of 1M+ in income a year, you are in either one of the below...

1. Have another 10M+ in company and trust accounts... CGT will be the least of your worries!
2. You need to find a new accountant! Maybe someone with better tax advice!

POLL: Whom, on this wall, will cop the Biden CGT increase??

My guess is nobody.

NOTE: I don't believe it will affect Bob, you can go ahead and buy the rest of TX!
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April 23, 2021, 11:31:04 AM

@BTC_Archive
#Bitcoin bull market in 2017:

• 6 corrections of 30-40%
• followed by average gain of 153%

Corrections are normal 😉 👍


https://twitter.com/btc_archive/status/1385546089055522818?s=21

Where my strong hands at?
Weak hands, the door’s this way ————>
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April 23, 2021, 11:35:59 AM

back above 50k! 100K here we come!
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April 23, 2021, 11:37:34 AM

back above 50k! 100K here we come!

meh
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April 23, 2021, 11:37:56 AM
Merited by hisslyness (1)

Follow-up question on the capital gains tax: if stock markets drop because people are locking in current profits by selling stock, does that mean they have to pay taxes now? Which would mean the US government potentially gained billions of tax just because Biden made an announcement?

I'm still flabbergasted by the idea that Americans can choose when they want to pay their taxes.
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April 23, 2021, 11:40:45 AM

Follow-up question on the capital gains tax: if stock markets drop because people are locking in current profits by selling stock, does that mean they have to pay taxes now? Which would mean the US government potentially gained billions of tax just because Biden made an announcement?

I'm still flabbergasted by the idea that Americans can choose when they want to pay their taxes.


The taste of true freedom.
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April 23, 2021, 11:42:19 AM

Follow-up question on the capital gains tax: if stock markets drop because people are locking in current profits by selling stock, does that mean they have to pay taxes now? Which would mean the US government potentially gained billions of tax just because Biden made an announcement?

I'm still flabbergasted by the idea that Americans can choose when they want to pay their taxes.

Yes, but not at the 39.6% he wants...
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April 23, 2021, 11:47:16 AM

Follow-up question on the capital gains tax: if stock markets drop because people are locking in current profits by selling stock, does that mean they have to pay taxes now? Which would mean the US government potentially gained billions of tax just because Biden made an announcement?

I'm still flabbergasted by the idea that Americans can choose when they want to pay their taxes.

In the UK, we pay 20% on CGT but that’s only on profits. We don’t have an annual wealth tax so it’s only payable when we decide to sell. There was a review on spending/finances a couple of months back but luckily CGT was left alone.
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April 23, 2021, 11:48:04 AM

back above 50k! 100K here we come!

Maybe with a stop left and right but indeed

100 k here we come
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April 23, 2021, 11:56:21 AM

En
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April 23, 2021, 11:58:00 AM

Good afternoon WO!
Observing @ $50,160

Shitcoin holders are panicking 🤣
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April 23, 2021, 12:19:11 PM

Follow-up question on the capital gains tax: if stock markets drop because people are locking in current profits by selling stock, does that mean they have to pay taxes now? Which would mean the US government potentially gained billions of tax just because Biden made an announcement?

I'm still flabbergasted by the idea that Americans can choose when they want to pay their taxes.

In the UK, we pay 20% on CGT but that’s only on profits. We don’t have an annual wealth tax so it’s only payable when we decide to sell. There was a review on spending/finances a couple of months back but luckily CGT was left alone.

Well, it's always on "profits" (appreciated value), correct? For example if you buy 1btc at $60 and sell it at $60,000 your CG taxes are computed based on $59,940 and NOT $60,000.

I think this is just more weak hands panic. Fortunately one can profit off the stupidity of others and each time it happens there are fewer dingalings holding bitcoins.
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April 23, 2021, 12:25:23 PM

good morning plebzzz!  Kiss  BBBITCRON GOING UP TO $1337+!! WOOT


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