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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 25440269 times)
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El duderino_
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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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El duderino_
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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 🤣
lightfoot
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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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April 23, 2021, 12:27:12 PM

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



1 BTC = 1 BTC
How it makes you broke?
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April 23, 2021, 12:27:24 PM

Good afternoon WO!
Observing @ $50,160

Shitcoin holders are panicking 🤣

GO ALL INTO DANK MEME COIN!!! =))) REEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEE

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April 23, 2021, 12:29:23 PM

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



1 BTC = 1 BTC
How it makes you broke?

DANK ASS MEMES ARE THE FUTURE OF BITCORN!!! =)))) LAMBO WHEN??? $$$$$$$ PROFITS TO 20K IMHO<===[[[PRO TIP]]]

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April 23, 2021, 12:35:08 PM


Try to get used to not help the trolls by quoting them  Wink
Some may have them already on ignore.
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April 23, 2021, 12:36:02 PM

This all is curse of Shiba Inu.
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April 23, 2021, 12:37:24 PM

poor gembitz took the wrong pill  Grin Wink
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April 23, 2021, 12:43:19 PM

As more people get into crypto they quickly learn it's not about 'luck', it's not 'easy', and it's exhausting.      How quickly they change their minds when they have skin in the game.    Here is the first pull back for many and we will see how many can put more money into the dip...   welcome to Bitcoin  Wink



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April 23, 2021, 12:46:13 PM

A quick glance at the depth charts should calm some nerves. A few big buys will throw us straight back up to ATH territory. Keep calm and carry on.



EPIC  Grin

on which exchange ?
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April 23, 2021, 12:46:23 PM

HODL fucker!
You expect bitcoin to hit $1m but you are scared when bitcoin is under $50k. A few months ago the same you were saying bitcoin will never hit $20k again.
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April 23, 2021, 12:49:10 PM

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.

Ok, but question: Does this do anything for you tax-wise? For example if you bought at 60 and sold at 60k then you owe 20% CGT on 59,940. You pay that when you shift into the altcoin. If you buy BTC back at 60k 30 days later then you still have to pay CGT again if you sell it in the future, but at (future price-60,000) which means the tax hit is the same.

Only reason might be because CGT is taxed at your current rate up to 20%, so if your sale+what you make as a wage slave is under 200k or so you pay less taxes as you're in a lower tax bracket than 20%.

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April 23, 2021, 12:49:40 PM

Buy the dip and hodl.  Nice sale on BTC
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April 23, 2021, 01:05:34 PM
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Anyone advocating for more taxes has been watching too much MSNBC. It's not about feeling sympathy for people who have billions, it's about people thinking the government is their daddy.

Do you think billionaires are swimming around in a pool of gold coins or pallets of $100s? Nearly all of the wealth that people are complaining about is on paper. Jeff Bezos owns a bunch of Amazon shares. If you raise the capital gains tax, he'll just never sell those shares. If the capital gains tax was lowered however, he might sell those shares and invest that money in some other endeavor which could create millions of new jobs. I'm betting the guy who created Amazon is a lot smarter than anyone in the government.

Nearly all the wealth in the world is invested in companies and profits are reinvested in other companies to create more and more jobs. Taxes stifle growth. All taxes are a deterrent to economic activity.

The Government is not your baby daddy and the more money the government takes, the less economic activity, jobs etc.

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April 23, 2021, 01:20:06 PM

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....

And also this FUD

https://www.yahoo.com/news/turkish-crypto-founder-flees-reported-141606649.html
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April 23, 2021, 01:27:49 PM

Let's meet at 41-43.
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April 23, 2021, 01:33:19 PM


Lol what an earth?! How can someone make 2 billion dollars from an exchange that couldn't be more obvious scam? (offering to sell dogecoins for 1/4 price).
There's no limit how stupid people can be when they are greedy.
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