HairyMaclairy
Legendary
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Activity: 1414
Merit: 2174
Degenerate bull hatter & Bitcoin monotheist
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February 05, 2018, 02:36:20 AM |
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going to have to eat a beloved chicken soon
fiat exhausted
please...capitulation...?
uncle
Jojo. Don’t get bull trapped. This has not played out yet. We could go much much lower. Try to put yourself in a position where you have options whichever direction the price goes in.
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FirstTimeInMining
Newbie
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Activity: 20
Merit: 0
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February 05, 2018, 02:37:13 AM |
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Who's selling at these prices and why?
I sold short term at 8500 and bought at 8000, but I am gambling with money I can afford to lose. Now just waiting for the recovery of market.
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jojo69
Legendary
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Activity: 3318
Merit: 4606
diamond-handed zealot
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February 05, 2018, 02:41:10 AM |
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going to have to eat a beloved chicken soon
fiat exhausted
please...capitulation...?
uncle
Jojo. Don’t get bull trapped. This has not played out yet. We could go much much lower. Try to put yourself in a position where you have options whichever direction the price goes in. too late for all that Imma have to go back to work...and I fear for that australorp back to carrying water and chopping wood...
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HairyMaclairy
Legendary
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Activity: 1414
Merit: 2174
Degenerate bull hatter & Bitcoin monotheist
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February 05, 2018, 02:41:47 AM |
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So for the first time, tax planning needs to be taken into consideration in my trading strategy. It makes things much more complicated but it is a nice problem to have.
How about this plan, consisting of two stages: Stage 1: Accumulation (buy for fiat, buy through alt appreciation, mining, earning, etc.) Stage 2: Distribution. Allocate a % you want to potentially spend vs how much you want to leave to descendants. Maybe 50:50 or 70:30, whatever. Then divide your stash (that you want to consume) into equal yearly buckets considering maximum life expectancy. Enjoy life, travel, whatever. Maybe start the distribution phase at retirement of few years beforehand, say, 60. this way you would enjoy the potential spoils a bit longer or while in relatively better health situation. Example: you have N btc, then 0.5N (or 0.7N) is what you want to spend. If you start at 60, maximum lifespan is probably 30 years, give or take, therefore, starting at 61st birthday, and each year afterwards spend/cash out 0.017 of your stash (1.7%). This number would go to 3.4%/year if you don't want to leave 50% to descendants. Hi that’s great advice. I am still in accumulation phase. I triggered some capital gains when I sold coins bought in 2013. I have started buying back lower with profits but the price has continued to fall. I think that if I liquidate my new position on the last day of the tax year in my country, then I can offset trading losses against capital gains tax, and use the funds I have set aside to pay taxes to rebuy the following tax year (a few hours later). Obviously timing is critical.
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RejectedBanana
Sr. Member
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Activity: 406
Merit: 551
I am a banana.
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February 05, 2018, 02:42:02 AM |
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Who's selling at these prices and why?
More importantly, who's not buying at these prices and why?
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HairyMaclairy
Legendary
Offline
Activity: 1414
Merit: 2174
Degenerate bull hatter & Bitcoin monotheist
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February 05, 2018, 02:43:05 AM |
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going to have to eat a beloved chicken soon
fiat exhausted
please...capitulation...?
uncle
Jojo. Don’t get bull trapped. This has not played out yet. We could go much much lower. Try to put yourself in a position where you have options whichever direction the price goes in. too late for all that Imma have to go back to work...and I fear for that australorp back to carrying water and chopping wood... It will bounce. Consider partial exit on the bounce while still leaving enough to hedge against a sudden upside move. Try to put yourself in a position where you win no matter what the price does, even if those wins are not as great as If you went all in.
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El duderino_
Legendary
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Activity: 2674
Merit: 13097
BTC + Crossfit, living life.
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February 05, 2018, 02:43:36 AM |
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Who's selling at these prices and why?
I was allready thinking that When we Where @10-11k ..... but never a problem for you right ...? How did you say it, panic buying all the way down ...... Yeah Thats right Thats what you did the other time not? But for sure i think all clever minds are not selling @ This point specialy not @ current prices , iT So unlogical / unreal So for the remaining let us stay on the flying train
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Nosk
Member
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Activity: 140
Merit: 35
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February 05, 2018, 02:46:42 AM |
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BUYING WALL OF 500 BTC AT 7845USD OF KRAKEN. WE ARE SAVED. .... I wish
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Rosewater Foundation
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February 05, 2018, 02:49:03 AM |
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This is the dead land This is cactus land Here the stone images Are raised, here they receive The supplication of a dead man's hand Under the twinkle of a fading star.
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Rosewater Foundation
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February 05, 2018, 02:50:54 AM |
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In this last of meeting places We grope together And avoid speech
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Rosewater Foundation
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February 05, 2018, 02:51:21 AM |
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This is the way the world ends Not with a bang
but a whimper.
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jojo69
Legendary
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Activity: 3318
Merit: 4606
diamond-handed zealot
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February 05, 2018, 02:57:36 AM |
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really bitcoin? you want this on your conscience?
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Rosewater Foundation
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February 05, 2018, 02:58:59 AM |
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Ritual sacrifice couldn't hurt. The gods are restless.
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Nosk
Member
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Activity: 140
Merit: 35
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February 05, 2018, 03:01:11 AM |
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Who's selling at these prices and why?
I sold short term at 8500 and bought at 8000, but I am gambling with money I can afford to lose. Now just waiting for the recovery of market. Well I can't stop wondering who the hell is selling at 40% of ATH. Everybody who bought during the bull run would sell at lost. Those who bought earlier came before btc went full hype, so I think those guys should have more the hodler profile or similar. So my best guess is, weak hands afraid to lose more than they already have money are actually selling at lost + whales dumping + guys speculating on the decreasing price as you do. But all of that for one whole month of practically straight decreasing ? Come on I need to breathe. One magically new ATH right would please me so freaking much
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Rosewater Foundation
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February 05, 2018, 03:03:24 AM |
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So my best guess is, weak hands afraid to lose more than they already have
Also Wall St. is crashing us on purpose,
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jojo69
Legendary
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Activity: 3318
Merit: 4606
diamond-handed zealot
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February 05, 2018, 03:07:51 AM |
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So my best guess is, weak hands afraid to lose more than they already have
Also Wall St. is crashing us on purpose, in their spare time from crashing themselves
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JayJuanGee
Legendary
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Activity: 3878
Merit: 11069
Self-Custody is a right. Say no to"Non-custodial"
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February 05, 2018, 03:08:54 AM Last edit: February 05, 2018, 04:00:40 AM by JayJuanGee |
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going to have to eat a beloved chicken soon
fiat exhausted
please...capitulation...?
uncle
Whoaza!!!!!!!! It's too soon. Don't go down enter into the Rosewater panic avenue Circus! [Edited for accuracy in collaboration with Rosewater himself] Maybe easier said than done? Surely, these are stressful times, so I will completely understand if people get pissed off at some of us (including me) that still have a decent amount of money for buying. Fuck, it is like I have over-prepared for down while I have been hoping for up because I still have about 40% of the amount that I started out with at $19k, and about 25% of the fiat that I have in reserves is kind of off of the table - except I suppose for some extreme situation like under $1,000, but maybe any of us would become scared as shit to buy BTC if the price were to go below $1k?.. I am thinking that worse of the worse is below $5k with a possible spike to $3k - and I would even put that at a long shot of like less than 15%.. but fuck... we know that bitcoin has a long history of overshooting in extreme ways.... I just don't think that we are quite ready for a bear market which would be argued if BTC prices were sustained under $5k.. .. something like that? We are not there, right? Right?
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Nosk
Member
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Activity: 140
Merit: 35
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February 05, 2018, 03:09:49 AM |
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So my best guess is, weak hands afraid to lose more than they already have
Also Wall St. is crashing us on purpose, Sounds kinda weird to me. The fire power needed for such a crash... Plus, they would be selling at lost on purpose. That would be purely burning XX% of your money just to keep the other %. Unless they bought before the bull run but I doubt it. More like they caused the bullrun.
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JayJuanGee
Legendary
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Activity: 3878
Merit: 11069
Self-Custody is a right. Say no to"Non-custodial"
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February 05, 2018, 03:15:38 AM |
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going to have to eat a beloved chicken soon
fiat exhausted
please...capitulation...?
uncle
Jojo. Don’t get bull trapped. This has not played out yet. We could go much much lower. Try to put yourself in a position where you have options whichever direction the price goes in. I like the idea of putting yourself in a position where you have options no matter the price direction, but I hate the idea of selling, even on a bounce... yet I understand that sometimes you gotta do what you gotta do... so difficult decisions, especially if your plan has not accounted for our current possibility.. even if we happen to currently at the bottom.. we don't know... I know sometimes when I start getting too bearish in my talk, then at that point the market reverses.. but still remains difficult to know for sure.. .. I am surely buying a lot of BTC every $1k drop, but fuck, I am (was) much more rich (in total terms) when BTC prices were higher.
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TERA2
Full Member
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Activity: 266
Merit: 222
Deb Rah Von Doom
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February 05, 2018, 03:21:29 AM |
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You can hold bitcoin and trade the alt/btc ratios that are moving with btc on margin. This also takes care of the tax problem on having to pay taxes on your original bitcoin gains if you sold them.
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