Wall Observer BTC/USD - Bitcoin price movement tracking & discussion

[philipma1957]

On an issue like this, which doesn't involve the USA directly, I think even the allies could go their own way.

No they will follow the USA on it but if and when a crypto winter comes they will switch to cbdc.

To me we get 3-5 years here and it may turn really bad after that.

but I am fairly sure about the next 3-5 years.


which of course is a first for me.

I do not write about 3-5 years of goodness for crypto (crypto is the trumpeter's word not mine)

Ever so take it with a grain of salt or maybe a whole salt shaker.

Brilliant, @phil
A small correction...maybe 3-3.5 years...before the 'fear' of what comes next...the opposite wave of executive orders, maybe.

that said, i made the following conclusions for myself;

1. New pres does not care about bitcoin per se
2. Because of #1, I don't see a tax free bitcoin..not even a 1% chance.
3. Because of #2, a sell plan needs to be developed and executed within the next 3-3.5 years.
But, heck, i probably just sell some in a panic in 2026  

When you (or other WO members) talk or worry about taxes on Bitcoin/crypto, there are always solutions to reduce them or even bring them down to 0% (or close).

-If your holdings/net worth are significant enough, consider changing your residency and moving to a more tax-friendly country.

-Of course, for those who are 'unlucky' enough to have U.S. citizenship, it's a bit more complicated but still possible from VHNWI+. For example, invest in Portugal or other countries offering citizenship within 1–5 years. You could also consider adding a second passport through a Citizenship by Investment (CBI) program (e.g., in the Caribbean or Turkey) or even in LATAM as a Plan B for a third passport. Eventually, you can renounce U.S. citizenship, and not be taxed anymore on your passport citizenship.

What I’m saying might seem extreme to some, but at a certain level of wealth, achieving tax freedom (and personal freedom) makes sense—especially if you feel concerned or annoyed by tax burdens. Of course, all of this comes with sacrifices (moving to another country, starting a new life, etc.). But life is always about choices; you can't have everything without sacrificing something in return.

Uncle Sam has already figured out a way to get their taxes should you decide to give up residency/renounce citizenship with an exit tax. They look at your assets and consider a paper disposal and then you owe that to us gov.

https://www.thetaxadviser.com/issues/2024/sep/bidding-farewell-to-us-citizenship-understanding-the-exit-tax.html

For me to leave the USA because of btc tax avoidance I would need around 200 btc

I don't have anything near 200 btc. I am locked into the USA and will remain so for the rest of my life. I have already accepted that.

[Zeunerts]

So correct me if I am wrong, but the recent "crypto" news regarding Trump seems to point for a "shitcoin strategic reserve"?
Make it BITCOIN STRATEGIC RESERVE or dont make any at all. Including coins like ETH, TRX, XRP is stupid as fuck and makes no sense at all.

Fuck.

[philipma1957]

So correct me if I am wrong, but the recent "crypto" news regarding Trump seems to point for a "shitcoin strategic reserve"?
Make it BITCOIN STRATEGIC RESERVE or dont make any at all. Including coins like ETH, TRX, XRP is stupid as fuck and makes no sense at all.

Fuck.

USA's fearless leader the trumpeter has started a crypto Strategic reserve study.

In his infinite wisdom he has realized that all coins must be considered but if he follows his take on dei it will be merit based.

So that leaves under a dozen coins with some worth.

Eth = worthless
trx = worthless
XRP = WORTHLESS.

sha 256  (BTC) has value
Scrypt   (LTC&DOGE) has value

Solona has value due to the helium hotspot network and it is the support coin for trump and Melania's meme coins.


So all told if his study is merit based and the USa want to be Merit based his CSR is superior as under 5 coins will make it in.

Which means it will no longer be BTC and all else are shit coins.


So BTC maxers will need to shut the fuck up or hodl till Trump exits the presidency.


Myself I don't mind BTC and LTC and Doge being in the reserve.

The ratios would be

85% btc
10% doge
  5% ltc

But fuck ETH they had their chance to be included but they chose the route of POS which means death to me

oh by the way Mr V still owes me 2 Eth coins

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[xhomerx10]

On an issue like this, which doesn't involve the USA directly, I think even the allies could go their own way.

No they will follow the USA on it but if and when a crypto winter comes they will switch to cbdc.

To me we get 3-5 years here and it may turn really bad after that.

but I am fairly sure about the next 3-5 years.


which of course is a first for me.

I do not write about 3-5 years of goodness for crypto (crypto is the trumpeter's word not mine)

Ever so take it with a grain of salt or maybe a whole salt shaker.

Brilliant, @phil
A small correction...maybe 3-3.5 years...before the 'fear' of what comes next...the opposite wave of executive orders, maybe.

that said, i made the following conclusions for myself;

1. New pres does not care about bitcoin per se
2. Because of #1, I don't see a tax free bitcoin..not even a 1% chance.
3. Because of #2, a sell plan needs to be developed and executed within the next 3-3.5 years.
But, heck, i probably just sell some in a panic in 2026  

When you (or other WO members) talk or worry about taxes on Bitcoin/crypto, there are always solutions to reduce them or even bring them down to 0% (or close).

-If your holdings/net worth are significant enough, consider changing your residency and moving to a more tax-friendly country.

-Of course, for those who are 'unlucky' enough to have U.S. citizenship, it's a bit more complicated but still possible from VHNWI+. For example, invest in Portugal or other countries offering citizenship within 1–5 years. You could also consider adding a second passport through a Citizenship by Investment (CBI) program (e.g., in the Caribbean or Turkey) or even in LATAM as a Plan B for a third passport. Eventually, you can renounce U.S. citizenship, and not be taxed anymore on your passport citizenship.

What I’m saying might seem extreme to some, but at a certain level of wealth, achieving tax freedom (and personal freedom) makes sense—especially if you feel concerned or annoyed by tax burdens. Of course, all of this comes with sacrifices (moving to another country, starting a new life, etc.). But life is always about choices; you can't have everything without sacrificing something in return.

Uncle Sam has already figured out a way to get their taxes should you decide to give up residency/renounce citizenship with an exit tax. They look at your assets and consider a paper disposal and then you owe that to us gov.

https://www.thetaxadviser.com/issues/2024/sep/bidding-farewell-to-us-citizenship-understanding-the-exit-tax.html

For me to leave the USA because of btc tax avoidance I would need around 200 btc

I don't have anything near 200 btc. I am locked into the USA and will remain so for the rest of my life. I have already accepted that.

 Are you saying to live somewhere else you would need that many or is that just to pay your exit tax?  Seems rather high in either case.

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[LFC_Bitcoin]

@milesdeutscher
Retail not here yet, we are going much higher.
$BTC is above $100k but retail interest is the lowest it's been in 3 years.

https://x.com/milesdeutscher/status/1882760272697569582

[xzy887]

In other news, there are Ripple shitcoiners trying to lobby Trump to make the Strategic Bitcoin Reserve use 'made in USA' XRP coins instead.  

There is no point in this, Trump himself knows that Bitcoin is now rocketing to the moon. In the future, Trump will move forward with Bitcoin.

Seeing this

President Trump’s new executive order protects American’s right to use public blockchains, develop and deploy software, participate in mining and validation, transact without censorship, and safeguard their own digital assets.

The freedom to build, mine, and hodl Bitcoin 🇺🇸

https://x.com/DocumentingBTC/status/1882808666484801930?t=E-qdpkBpe_wjO2j0GPaKyg&s=19

[SuperBitMan]

Nayib Bukele was the first sitting president to publicly support Bitcoin he is the President of El Salvador, in 2021, he announced that El Salvador would adopt Bitcoin as legal tender, making it the first country in the world to do so. Bukele actively promoted Bitcoin on social media, bought Bitcoin for the country's treasury, as we are speaking El Salvador has a Bitcoin reserve, let's give President Donald Trump time he will even give more support than Nayib Bukele, don't think trump don't know Bitcoin is more reliable.

Nayib Bukele and Donald trump are the first two president that publicly supported Bitcoin let give them credit they have made history with this.

[Rahul09]

How it started:                        
How it's going:

[El duderino_]

So correct me if I am wrong, but the recent "crypto" news regarding Trump seems to point for a "shitcoin strategic reserve"?
Make it BITCOIN STRATEGIC RESERVE or dont make any at all. Including coins like ETH, TRX, XRP is stupid as fuck and makes no sense at all.

Fuck.

85% btc
10% doge
  5% ltc

Please don't go there with some coins would be suitable for a strategic reserve...

[El duderino_]

On an issue like this, which doesn't involve the USA directly, I think even the allies could go their own way.

No they will follow the USA on it but if and when a crypto winter comes they will switch to cbdc.

To me we get 3-5 years here and it may turn really bad after that.

but I am fairly sure about the next 3-5 years.


which of course is a first for me.

I do not write about 3-5 years of goodness for crypto (crypto is the trumpeter's word not mine)

Ever so take it with a grain of salt or maybe a whole salt shaker.

Brilliant, @phil
A small correction...maybe 3-3.5 years...before the 'fear' of what comes next...the opposite wave of executive orders, maybe.

that said, i made the following conclusions for myself;

1. New pres does not care about bitcoin per se
2. Because of #1, I don't see a tax free bitcoin..not even a 1% chance.
3. Because of #2, a sell plan needs to be developed and executed within the next 3-3.5 years.
But, heck, i probably just sell some in a panic in 2026  

When you (or other WO members) talk or worry about taxes on Bitcoin/crypto, there are always solutions to reduce them or even bring them down to 0% (or close).

-If your holdings/net worth are significant enough, consider changing your residency and moving to a more tax-friendly country.

-Of course, for those who are 'unlucky' enough to have U.S. citizenship, it's a bit more complicated but still possible from VHNWI+. For example, invest in Portugal or other countries offering citizenship within 1–5 years. You could also consider adding a second passport through a Citizenship by Investment (CBI) program (e.g., in the Caribbean or Turkey) or even in LATAM as a Plan B for a third passport. Eventually, you can renounce U.S. citizenship, and not be taxed anymore on your passport citizenship.

What I’m saying might seem extreme to some, but at a certain level of wealth, achieving tax freedom (and personal freedom) makes sense—especially if you feel concerned or annoyed by tax burdens. Of course, all of this comes with sacrifices (moving to another country, starting a new life, etc.). But life is always about choices; you can't have everything without sacrificing something in return.

Uncle Sam has already figured out a way to get their taxes should you decide to give up residency/renounce citizenship with an exit tax. They look at your assets and consider a paper disposal and then you owe that to us gov.

https://www.thetaxadviser.com/issues/2024/sep/bidding-farewell-to-us-citizenship-understanding-the-exit-tax.html

For me to leave the USA because of btc tax avoidance I would need around 200 btc

I don't have anything near 200 btc. I am locked into the USA and will remain so for the rest of my life. I have already accepted that.

so you would need more as 40 mil in FIAT or lets say 20 mil and the rest in BTC

while other people would dream of 1 mil to enter the US
doesn't make a lot of sense imho ...
If you wanna leave the US to some place to avoid tax etc ... I don't know the exact nrs but lets say 50 BTC = 5 mil and 20% tax
building a nice place in a suitable country could cost 500K to a mil or something, exchange a bit for FIAT for the years to come and still be able to HODL more as 50% of the coins...
just for that situaion is claiming to need 200 coins outreageous IM"not so humble"O

Do respect you a lot, but not on the same page with this one.

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[NeuroticFish]

Eth = worthless
trx = worthless
XRP = WORTHLESS.

[...]

The ratios would be

85% btc
10% doge
  5% ltc

But fuck ETH they had their chance to be included but they chose the route of POS which means death to me

The problem I see is that lobby can do wonders now, the door is wide open for that.
And then at least 2 of the 3 worthless coins from your list already have a chance.
Plus, you know very well that the list of worthless coins is huge.

I would not be surprised if the list would actually be like
wBTC (!!)
DOGE
XRP
maybe even TRX or ETH
...maybe even $TRUMP (it would be a sad joke, but still...)

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[philipma1957]

On an issue like this, which doesn't involve the USA directly, I think even the allies could go their own way.

No they will follow the USA on it but if and when a crypto winter comes they will switch to cbdc.

To me we get 3-5 years here and it may turn really bad after that.

but I am fairly sure about the next 3-5 years.


which of course is a first for me.

I do not write about 3-5 years of goodness for crypto (crypto is the trumpeter's word not mine)

Ever so take it with a grain of salt or maybe a whole salt shaker.

Brilliant, @phil
A small correction...maybe 3-3.5 years...before the 'fear' of what comes next...the opposite wave of executive orders, maybe.

that said, i made the following conclusions for myself;

1. New pres does not care about bitcoin per se
2. Because of #1, I don't see a tax free bitcoin..not even a 1% chance.
3. Because of #2, a sell plan needs to be developed and executed within the next 3-3.5 years.
But, heck, i probably just sell some in a panic in 2026  

When you (or other WO members) talk or worry about taxes on Bitcoin/crypto, there are always solutions to reduce them or even bring them down to 0% (or close).

-If your holdings/net worth are significant enough, consider changing your residency and moving to a more tax-friendly country.

-Of course, for those who are 'unlucky' enough to have U.S. citizenship, it's a bit more complicated but still possible from VHNWI+. For example, invest in Portugal or other countries offering citizenship within 1–5 years. You could also consider adding a second passport through a Citizenship by Investment (CBI) program (e.g., in the Caribbean or Turkey) or even in LATAM as a Plan B for a third passport. Eventually, you can renounce U.S. citizenship, and not be taxed anymore on your passport citizenship.

What I’m saying might seem extreme to some, but at a certain level of wealth, achieving tax freedom (and personal freedom) makes sense—especially if you feel concerned or annoyed by tax burdens. Of course, all of this comes with sacrifices (moving to another country, starting a new life, etc.). But life is always about choices; you can't have everything without sacrificing something in return.

Uncle Sam has already figured out a way to get their taxes should you decide to give up residency/renounce citizenship with an exit tax. They look at your assets and consider a paper disposal and then you owe that to us gov.

https://www.thetaxadviser.com/issues/2024/sep/bidding-farewell-to-us-citizenship-understanding-the-exit-tax.html

For me to leave the USA because of btc tax avoidance I would need around 200 btc

I don't have anything near 200 btc. I am locked into the USA and will remain so for the rest of my life. I have already accepted that.

 Are you saying to live somewhere else you would need that many or is that just to pay your exit tax?  Seems rather high in either case.

no but my wife and i have multiple us federal pensions. there value is about 3-4 million bucks.

yeah they pay it out over our lifetimes but if I want an equivalent deal and freedom i would need 3-4 million bucks after tax.

then the home and the investments are one million. so to equal that i need one million after tax.

and if I had 80 coins cashed and paid the tax then set myself up in say australia 🇦🇺 or Italy .

I would be equal to what I am here in USA.

my wife would not do it due to here dementia ailed brother. So I tacked on the extra 120 coins.

If I had 100 coins right now I would do it and it would be enough. As i would be about 2 million usd more then I am now.

my wealth would be far more flexible. as my pension and my wifes pension is very nice but it is kind of like gold handcuffs.

[philipma1957]

Eth = worthless
trx = worthless
XRP = WORTHLESS.

[...]

The ratios would be

85% btc
10% doge
  5% ltc

But fuck ETH they had their chance to be included but they chose the route of POS which means death to me

The problem I see is that lobby can do wonders now, the door is wide open for that.
And then at least 2 of the 3 worthless coins from your list already have a chance.
Plus, you know very well that the list of worthless coins is huge.

I would not be surprised if the list would actually be like
wBTC (!!)
DOGE
XRP
maybe even TRX or ETH
...maybe even $TRUMP (it would be a sad joke, but still...)

fuck it worth a double post.  I was pretty sure that this would happen and the lobby that wins to get on the short list will be the biggest grease job that fills the trumpeters pockets.

Since i am btc doge and ltc I feel I will be listed in the CSR WITH two of those coins.

Its not like I have not mentioned this over and over.

If it was a legit CSR it would be all POW 💥

time will tell. but for the next three-four years btc maxers will be jammed up. 🆙

[bitcoin_mining]

Such news will undoubtedly make Bitcoin investors more enthusiastic and more confident in investing.

https://x.com/BitcoinMagazine/status/1882764607598862536?t=T-29KmRIE3EWIKZFrMdYgQ&s=19

[GIF-JOBS]

SAB 121 being reversed opens the door for Wall Street banks to hold bitcoin and crypto — FT


https://x.com/BitcoinMagazine/status/1882848383397920935?t=EZrXpWtB62WumINdBk5JAQ&s=19

[Biodom]

Eth = worthless
trx = worthless
XRP = WORTHLESS.

[...]

The ratios would be

85% btc
10% doge
  5% ltc

But fuck ETH they had their chance to be included but they chose the route of POS which means death to me

The problem I see is that lobby can do wonders now, the door is wide open for that.
And then at least 2 of the 3 worthless coins from your list already have a chance.
Plus, you know very well that the list of worthless coins is huge.

I would not be surprised if the list would actually be like
wBTC (!!)
DOGE
XRP
maybe even TRX or ETH
...maybe even $TRUMP (it would be a sad joke, but still...)

fuck it worth a double post.  I was pretty sure that this would happen and the lobby that wins to get on the short list will be the biggest grease job that fills the trumpeters pockets.

Since i am btc doge and ltc I feel I will be listed in the CSR WITH two of those coins.

Its not like I have not mentioned this over and over.

If it was a legit CSR it would be all POW 💥

time will tell. but for the next three-four years btc maxers will be jammed up. 🆙

The head of the all powerful "crypto working group", headed by David Sacks-who used to be Paypal's COO and was one on the participants in a popular "allin" podcast.
Allegedly, he is a big/holder of a coin that rhymes with "Moana"...but what do i know  .
I am sure that Ripple's lobbyists are doing their damdnest to get involved.
Ripple, imho, is like a coin in a situation where Satoshi kept 50% of coins to himself and would be also present in person-you get the picture.
They "printed" a coin, then put 50% in their "treasury".
Scandalous!