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

[mindrust]

This was the last 4 digits day we have seen.

I hope you did what's necessary.

Goodbye 4 digits... Not going to miss you. But in case you decide return, call me.

Shit.

She is calling. Should I play dead?

Observing $9950

[Bossian]

"The more infrastructure are built around BTC project, the more likely it will never disappear. We are now at a tipping point where Bitcoin is here to remain. It will eventually become part of the portfolio of all institutional investors". Anthony Pompliano.
Tend to agree.
He also predicts a price of 100k USD for sometime in 2021. This I'm not sure but we have witnessed crazy things two years ago, so anything is possible.

[SuperTA]

Well 100k is only ten times higher from the current price so this prediction is reasonable for the next 2 years.

[vroom]

someone has to say it. this might be the last opportunity to ever buy Bitcoin for less than $10,000. this is like vegeta over and over again.

[Wilhelm]

Nuclear powerplant connected to internet to mine bitcoin 

https://www.zdnet.com/google-amp/article/employees-connect-nuclear-plant-to-the-internet-so-they-can-mine-cryptocurrency/?__twitter_impression=true

 

[SuperTA]

From 14 Aug until now bitcoin crossed 10k level at least 100 times.

[Tszunami98]

From 14 Aug until now bitcoin crossed 10k level at least 100 times.

Buy before 10k, they said, 10k is a psychological level, they said (Tom Lee)

[Lambie Slayer]

I think Carney really just wants to make Bitcoin the Global Reserve, he just brought up "Libra-like" as a Trojan Horse.  His Corn bags are full of course.  

derp derp

Roach, I found your mom for you. If you are wondering what she has been doing, she is running for City Council

https://www.washingtonpost.com/nation/2019/08/24/this-city-wanted-be-welcoming-then-candidate-vowed-keep-marysville-white-community/?noredirect=on

 https://www.youtube.com/watch?v=DDe-QQW2kqQ

This video is well worth a watch, the way the reporters interact with her is hilarious.

[Lambie Slayer]

https://www.atr.org/biden-capital-gains-tax-we-should-raise-tax-back-396-percent?amp

Biden made the remarks on Wednesday, August 21 during an interview with Iowa Public Television:

“I believe we should, in fact, the capital gains tax should be at what the highest minimum tax should be, we should raise the tax back to 39.6 percent instead of 20 percent,”

"Households subject to Obamacare’s 3.8 percent Net Income Investment Tax end up paying a 23.8% rate. And under Biden’s cap gains scheme, such households will face a 43.4 percent rate."

I dont think anyone brought this up yet on WO, and the media has hardly discussed it, but this is some serious shit if you are an American Bitcoiner like me. This would seriously affect my wealth when I cash out coins at key numbers like 100k and 1 million.  Trump is "no fan of Bitcoin", but holy shit, at least he would never double my tax rate.

My future ex Tulsi is out of the upcoming debate so Yang is the next best (ultra slim) hope for a true Crypto friendly candidate. Any tax crazy lefty gets nominated and Im team Trump. Mayor Pete I would predict is unlikely to make a major tax hike so he wouldnt be to bad for a dem nominee. Luckily after watching most of Grandpa Joe's interviews and debates I can confidently say that he has early dementia setting in fast and his brain would turn to mush in a grueling election. Hillary's past stumbling and feinting on the election trail looks competent to what Joe is starting to manifest.

TLDR: Fuck Grandpa Joe.

Bitcoin is the true candidate for 2020, everyone else is a pretender.

[Syke]

Hodlllllllllllllll / StrongHats

I need something a little more...substantial to HODL on to.

[SuperTA]

https://www.atr.org/biden-capital-gains-tax-we-should-raise-tax-back-396-percent?amp

Biden made the remarks on Wednesday, August 21 during an interview with Iowa Public Television:

“I believe we should, in fact, the capital gains tax should be at what the highest minimum tax should be, we should raise the tax back to 39.6 percent instead of 20 percent,”

"Households subject to Obamacare’s 3.8 percent Net Income Investment Tax end up paying a 23.8% rate. And under Biden’s cap gains scheme, such households will face a 43.4 percent rate."

I dont think anyone brought this up yet on WO, and the media has hardly discussed it, but this is some serious shit if you are an American Bitcoiner like me. This would seriously affect my wealth when I cash out coins at key numbers like 100k and 1 million.  Trump is "no fan of Bitcoin", but holy shit, at least he would never double my tax rate.

My future ex Tulsi is out of the upcoming debate so Yang is the next best (ultra slim) hope for a true Crypto friendly candidate. Any tax crazy lefty gets nominated and Im team Trump. Mayor Pete I would predict is unlikely to make a major tax hike so he wouldnt be to bad for a dem nominee. Luckily after watching most of Grandpa Joe's interviews and debates I can confidently say that he has early dementia setting in fast and his brain would turn to mush in a grueling election. Hillary's past stumbling and feinting on the election trail looks competent to what Joe is starting to manifest.

TLDR: Fuck Grandpa Joe.

Bitcoin is the true candidate for 2020, everyone else is a pretender.

There are many countries you could move your residence adress to. We gave you a list of alternative countries with no tax and many commented about their country tax situation. So if you have 1 million, there shouldn't be a big problem for you.

[SuperTA]

There is a higher probability that bitcoin will outperform gold in the next crisis. This chart shows you gold price vs gold production from 1900 to 2019. In the previous financial crisis the gold production started to decline and demand for gold started to go higher so there was a shortage for gold in this period. In that time gold went up in price. Today the gold production is at the higher level. We can still expect the growth of gold in the next financial crisis but bitcoin will be the one who's in a shortage of supply. Bitcoin was made after 2008 financial crisis and may become the new digital gold. The Picture is from Mark De Mesel.

[Cryptotourist]

Hodlllllllllllllll / StrongHats

I need something a little more...substantial to HODL on to.

Just hodl BTC there buddy.
You have to look at it from another perspective:

[Lambie Slayer]

https://www.atr.org/biden-capital-gains-tax-we-should-raise-tax-back-396-percent?amp

Biden made the remarks on Wednesday, August 21 during an interview with Iowa Public Television:

“I believe we should, in fact, the capital gains tax should be at what the highest minimum tax should be, we should raise the tax back to 39.6 percent instead of 20 percent,”

"Households subject to Obamacare’s 3.8 percent Net Income Investment Tax end up paying a 23.8% rate. And under Biden’s cap gains scheme, such households will face a 43.4 percent rate."

I dont think anyone brought this up yet on WO, and the media has hardly discussed it, but this is some serious shit if you are an American Bitcoiner like me. This would seriously affect my wealth when I cash out coins at key numbers like 100k and 1 million.  Trump is "no fan of Bitcoin", but holy shit, at least he would never double my tax rate.

My future ex Tulsi is out of the upcoming debate so Yang is the next best (ultra slim) hope for a true Crypto friendly candidate. Any tax crazy lefty gets nominated and Im team Trump. Mayor Pete I would predict is unlikely to make a major tax hike so he wouldnt be to bad for a dem nominee. Luckily after watching most of Grandpa Joe's interviews and debates I can confidently say that he has early dementia setting in fast and his brain would turn to mush in a grueling election. Hillary's past stumbling and feinting on the election trail looks competent to what Joe is starting to manifest.

TLDR: Fuck Grandpa Joe.

Bitcoin is the true candidate for 2020, everyone else is a pretender.

There are many countries you could move your residence adress to. We gave you a list of alternative countries with no tax and many commented about their country tax situation. So if you have 1 million, there shouldn't be a big problem for you.

Yeah no big problem, I can pickup a new language and build a new life for myself in just a week or two. Thanks buddy, what was I thinking  .....

Yes, actually moving to another country is a big problem for me. Not to mention the second you give up your American citizenship you are responsible for paying the full capital gains tax on property you are taking with you, whether you sell it or not. This would incur a huge tax on me for my Bitcoins, the vast majority I have been holding for 5 years. I would be forced to sell a large chunk of my coins prematurely as I moved to pay taxes. Also I have no interest in leaving and would much rather stay in the US for many reasons I wont get into, most of which are obvious to anyone who doesnt just make a habit of moving away to a foreign land. 

Grandpa Joe is not running me out of America bc he wants to raise my taxes. We will defeat Grandpa Joe and send him to the nursing home where he belongs.

[HairyMaclairy]

Making the CGT rate the same as the top marginal rate is just stupid.

People claiming CGT by definition (a) are retail punters, (b) do not claim investment losses.

If you make the CGT rate the same as the top marginal rate, no one will claim CGT and everyone will just classify it as trading income, making their investment losses deductible.

Retail investors are dumb as a stick, therefore they lose more than they put in.  

If retail suddenly start deducting 100% of their tax losses, this would result in a net tax expenditure.

Putting the CGT threshold up would reduce government tax revenue in net terms, accordingly will never happen

Tell Joe he is dreaming

[HairyMaclairy]

Yeah no big problem, I can pickup a new language and build a new life for myself in just a week or two. Thanks buddy, what was I thinking

That’s pussyfoot talk.  If you aren’t agile, you are a sitting duck. 

[gallianooo]

KEEP SIMPLE.

More and more in a vise now.

Soon huge impulsion for new high, or more down ! 

[Lambie Slayer]

Yeah no big problem, I can pickup a new language and build a new life for myself in just a week or two. Thanks buddy, what was I thinking

That’s pussyfoot talk.  If you aren’t agile, you are a sitting duck. 

Meh to me it would be pussyfooting to leave your home and people behind bc some gibbering dementia patient is trying to steal your money. I understand the agile sentiment, and I could move to another country with ease, but I dont typically look to run from problems anyway. Also some of the countries on that list look to be a few regulatory clarifications away from taxing crypto, PR is not a country and as Jbreher said not tax free for Crypto, and Liberland is a joke.

Hopefully Republicans maintain control of at least one branch and this doubling of cap gains never happens. If it does happen I would sell all coins and realize profits, pay taxes, then buy most of the coins back at a new cost basis before the law went into effect. This would alleviate a lot of the problem, then Id have to consider my options.

[Lambie Slayer]

Making the CGT rate the same as the top marginal rate is just stupid.

People claiming CGT by definition (a) are retail punters, (b) do not claim investment losses.

If you make the CGT rate the same as the top marginal rate, no one will claim CGT and everyone will just classify it as trading income, making their investment losses deductible.

Retail investors are dumb as a stick, therefore they lose more than they put in.  

If retail suddenly start deducting 100% of their tax losses, this would result in a net tax expenditure.

Putting the CGT threshold up would reduce government tax revenue in net terms, accordingly will never happen

Tell Joe he is dreaming

I think you are conflating retail investors with retail traders. Retail traders yes lose more than they put in and imo even most of the dumbest ones are using software or tax preparers who deduct losses from gains so they pay no income tax on their trading losses.

Retail investors represent the majority of investors, active traders are a minority. The retail investors are afaik (retired people and workers saving for retirement, etc)  mostly making more than they lose.  

Capital losses are deductible just like trading losses are deductible. Trading losses are a form of capital loss and trading gains are a form of capital gain and just taxed under short term cap gains rates which are the same as normal income tax rates. Joe wants to make short and long term rates all the same max rate so there would be no more distinguishing between long and short term rates and trading income would be a moot point. Joe would effectively be raising the rate of taxes on short term traders and long term hodlers.

But yes, I agree he is dreaming.

[Lambie Slayer]

https://www.atr.org/biden-capital-gains-tax-we-should-raise-tax-back-396-percent?amp

Biden made the remarks on Wednesday, August 21 during an interview with Iowa Public Television:

“I believe we should, in fact, the capital gains tax should be at what the highest minimum tax should be, we should raise the tax back to 39.6 percent instead of 20 percent,”

"Households subject to Obamacare’s 3.8 percent Net Income Investment Tax end up paying a 23.8% rate. And under Biden’s cap gains scheme, such households will face a 43.4 percent rate."

I dont think anyone brought this up yet on WO, and the media has hardly discussed it, but this is some serious shit if you are an American Bitcoiner like me. This would seriously affect my wealth when I cash out coins at key numbers like 100k and 1 million.  Trump is "no fan of Bitcoin", but holy shit, at least he would never double my tax rate.

My future ex Tulsi is out of the upcoming debate so Yang is the next best (ultra slim) hope for a true Crypto friendly candidate. Any tax crazy lefty gets nominated and Im team Trump. Mayor Pete I would predict is unlikely to make a major tax hike so he wouldnt be to bad for a dem nominee. Luckily after watching most of Grandpa Joe's interviews and debates I can confidently say that he has early dementia setting in fast and his brain would turn to mush in a grueling election. Hillary's past stumbling and feinting on the election trail looks competent to what Joe is starting to manifest.

TLDR: Fuck Grandpa Joe.

Bitcoin is the true candidate for 2020, everyone else is a pretender.

There are many countries you could move your residence adress to. We gave you a list of alternative countries with no tax and many commented about their country tax situation. So if you have 1 million, there shouldn't be a big problem for you.

Yeah no big problem, I can pickup a new language and build a new life for myself in just a week or two. Thanks buddy, what was I thinking   .....

Nobody said to move out from your country, buddy. I said you can move your residence address.

Wait so just stay in the US and tell the gov I live in another country and Uncle Sam wont be receiving any monies. Thats a one way ticket to Federal Prison my friend. No thank you.