criptoevangelista
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March 18, 2024, 03:26:53 PM |
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Are prices falling like this due to recent US inflation data? because if so... I will never be able to understand how all this works based on the macro market... What seems to happen is: the inflation data was released and psychopathic traders around the world started selling everything automatically? this seems so strange to me... what kind of investors do this? ![Huh](https://bitcointalk.org/Smileys/default/huh.gif) that's how it works? Can someone more experienced explain?
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ChartBuddy
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March 18, 2024, 04:01:17 PM |
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![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fwww.talkimg.com%2Fimages%2F2023%2F05%2F13%2Fstamptabd4c8d77ff1434356.png&t=665&c=nXv9VrDDMSywTA) ExplanationChartbuddy thanks talkimg.com
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ChartBuddy
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March 18, 2024, 05:01:26 PM |
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![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fwww.talkimg.com%2Fimages%2F2023%2F05%2F13%2Fstamptabd4c8d77ff1434356.png&t=665&c=nXv9VrDDMSywTA) ExplanationChartbuddy thanks talkimg.com
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El duderino_
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March 18, 2024, 05:44:19 PM |
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Are prices falling like this due to recent US inflation data? because if so... I will never be able to understand how all this works based on the macro market... What seems to happen is: the inflation data was released and psychopathic traders around the world started selling everything automatically? this seems so strange to me... what kind of investors do this? ![Huh](https://bitcointalk.org/Smileys/default/huh.gif) that's how it works? Can someone more experienced explain? Don’t buy BTC for a quick overnight buck Don’t buy BTC when not able to stomach a minor dip (10%ish) Don’t buy BTC when only $ is in your mind…
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xhomerx10
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March 18, 2024, 05:58:31 PM |
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~snip
You didn't say which jurisdiction you are in.
I assumed you live in Ontario due to advice you gave me several years ago about a lake in the Orillia region.
Are you multi-jurisdictional? I know if you're a USA citizen they'll chase you all over the world for taxes. Does that apply to dual citizenship?
While I have the option, I decided long ago not to pursue US citizenship. My biggest concern was having to register for the draft but the tax code in the US is insanely complex and one of the hoops to jump through in order to get my citizenship was to file the 10 previous years of income tax forms. In my mind, it wouldn't make sense to pursue it unless I were to take up residence there on a permanent basis and I was already comfortable here. A friend of my sister is currently going through the process of renouncing her US citizenship and it involves an interview and a hefty processing fee. She's got a business in Canada and she's been paying US federal income tax every year - she has dual citizenship. I don't know the specifics of her case but there is a tax treaty between Canada and the US which prevents double taxation on your income so my mom never paid a dime in US taxes while she lived and worked here as a permanent resident. I guess the difference is employment vs self-employment.
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ChartBuddy
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March 18, 2024, 06:01:23 PM |
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![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fwww.talkimg.com%2Fimages%2F2023%2F05%2F13%2Fstamptabd4c8d77ff1434356.png&t=665&c=nXv9VrDDMSywTA) ExplanationChartbuddy thanks talkimg.com
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criptoevangelista
Sr. Member
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March 18, 2024, 06:03:56 PM Last edit: March 18, 2024, 07:02:56 PM by criptoevangelista |
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Are prices falling like this due to recent US inflation data? because if so... I will never be able to understand how all this works based on the macro market... What seems to happen is: the inflation data was released and psychopathic traders around the world started selling everything automatically? this seems so strange to me... what kind of investors do this? ![Huh](https://bitcointalk.org/Smileys/default/huh.gif) that's how it works? Can someone more experienced explain? Don’t buy BTC for a quick overnight buck Don’t buy BTC when not able to stomach a minor dip (10%ish) Don’t buy BTC when only $ is in your mind… Yes! I finished my capital transition to bitcoin in DEC 2022, INFINITE HODL... only DCA lately week, I'm not even going to sell anytime soon, maybe a little at 100k, but I would like to understand the modus operandi of the movement
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El duderino_
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March 18, 2024, 06:19:23 PM Merited by JayJuanGee (1) |
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I only understand…
The halving = near.
Halving draws near, Bitcoin's price on the rise, Moon-bound, stars align.
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JimboToronto
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The halving draws near, With Bitcoin's price on the rise, Moon-bound, stars align.
There. Now it's a haiku. ![Cool](https://bitcointalk.org/Smileys/default/cool.gif)
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El duderino_
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BTC + Crossfit, living life.
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March 18, 2024, 07:02:23 PM |
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The halving draws near, With Bitcoin's price on the rise, Moon-bound, stars align.
There. Now it's a haiku. ![Cool](https://bitcointalk.org/Smileys/default/cool.gif) One must make mistakes. Keeping wall observers sharp. A bitcoiners job.
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ChartBuddy
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March 18, 2024, 07:03:23 PM |
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![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fwww.talkimg.com%2Fimages%2F2023%2F05%2F13%2Fstamptabd4c8d77ff1434356.png&t=665&c=nXv9VrDDMSywTA) ExplanationChartbuddy thanks talkimg.com
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OutOfMemory
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March 18, 2024, 07:20:42 PM |
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spinning top last week now waiting for weekly close bearish or bullish? this upsets traders but the true hodlers don't care. just like king daddy #delayedHaiku Got tons of stuff to do, repair and service of my milling machine almost complete, new astrocamera love despite cloudy skies, kid got sick. Business as usual ![Grin](https://bitcointalk.org/Smileys/default/grin.gif)
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ChartBuddy
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![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fwww.talkimg.com%2Fimages%2F2023%2F05%2F13%2Fstamptabd4c8d77ff1434356.png&t=665&c=nXv9VrDDMSywTA) ExplanationChartbuddy thanks talkimg.com
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gallianooo
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March 18, 2024, 08:19:38 PM |
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~snip
You didn't say which jurisdiction you are in.
I assumed you live in Ontario due to advice you gave me several years ago about a lake in the Orillia region.
Are you multi-jurisdictional? I know if you're a USA citizen they'll chase you all over the world for taxes. Does that apply to dual citizenship?
While I have the option, I decided long ago not to pursue US citizenship. My biggest concern was having to register for the draft but the tax code in the US is insanely complex and one of the hoops to jump through in order to get my citizenship was to file the 10 previous years of income tax forms. In my mind, it wouldn't make sense to pursue it unless I were to take up residence there on a permanent basis and I was already comfortable here. A friend of my sister is currently going through the process of renouncing her US citizenship and it involves an interview and a hefty processing fee. She's got a business in Canada and she's been paying US federal income tax every year - she has dual citizenship. I don't know the specifics of her case but there is a tax treaty between Canada and the US which prevents double taxation on your income so my mom never paid a dime in US taxes while she lived and worked here as a permanent resident. I guess the difference is employment vs self-employment. Being US citizen is a fucking mess when you are REALLY wealthy and 'global' citizen. You don't choose where you are born, but the (VERY agressive) tax system has nothing to envy of the communists countries...
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criptoevangelista
Sr. Member
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In ₿ we trust
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March 18, 2024, 08:31:28 PM |
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spinning top last week now waiting for weekly close bearish or bullish? this upsets traders but the true hodlers don't care. just like king daddy #delayedHaiku Got tons of stuff to do, repair and service of my milling machine almost complete, new astrocamera love despite cloudy skies, kid got sick. Business as usual ![Grin](https://bitcointalk.org/Smileys/default/grin.gif) Are you in the machining industry? I work with it! It's great to see people here who are in this field of activity. Some time ago I made a fully personalized bitcoin with my nickname in aluminum measuring 130mm in diameter, it looked beautiful, I made it on a CNC machining center
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ChartBuddy
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March 18, 2024, 09:01:25 PM |
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![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fwww.talkimg.com%2Fimages%2F2023%2F05%2F13%2Fstamptabd4c8d77ff1434356.png&t=665&c=nXv9VrDDMSywTA) ExplanationChartbuddy thanks talkimg.com
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OgNasty
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March 18, 2024, 09:05:40 PM |
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Saylor’s $500,000,000 offering closes today. We should see another smash buy sometime in the next couple of days that sends BTC to another peak. That would probably make a good short term selling opportunity for traders, but the big boom is still ahead of us. I think by Halloween we should be sitting above $100,000, but I wouldn’t be surprised if we revisited $50K first.
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ChartBuddy
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March 18, 2024, 10:03:32 PM |
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![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fwww.talkimg.com%2Fimages%2F2023%2F05%2F13%2Fstamptabd4c8d77ff1434356.png&t=665&c=nXv9VrDDMSywTA) ExplanationChartbuddy thanks talkimg.com
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xhomerx10
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March 18, 2024, 10:06:51 PM |
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Biodom
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The sources of frustration for some bitcoiners (not me):
1. Bitcoin corrected about 10% too soon after reaching the ATH (73K). My comment: this did not happen in 2020, but it surely did in 2017, when bitcoin reach ATH on 3/2 at 1280.71, then went down to 941.84 by 3/27 (26.5% down), which was roughly 20% below the prior ATH of $1160.
2. While bitcoin is "resting", some cr-p went up a lot, so masses started to muse about a "missed" opportunity. Let them, of course, yet this verbiage permeates the blogosphere and CT.
TL;DR Such corrections almost immediately after a new ATH has happened before, but we should watch the $58,437 level (20% down) and $53,719 level (not a canonical one, but which corresponds to the March 2017 % correction shortly after achieving the new ATH). Alas, we might not even go near those numbers and, instead, turn around soon.
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