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

[Biodom]

Let’s pretend Biden doubles CGT.  Which isn’t going to happen

You will still be better off selling next year.  

Also, Biden isn’t going to do shit on taxes.  He’s got bigger fights on his hands like fixing Covid.  

exactly...it has to be 85% cap gains on 100K..20% cap gains on 16K (if your cost is close to zero) is 3.8K, 12.2k profit.
If btc is 100K, tax has to be 88% to get the same profit. Zero chance for such tax and any tax higher than maybe 30% or so.
30% is possible...I paid 39.7% cap gains in 2000. That was a howler (forgot about short term vs long term when trading  )

Not to put too fine a point on it but it’s not cap gains short term, it’s income.

in US it is called short term cap gains, which, indeed, are taxed at the regular income rates.

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[JayJuanGee]

New wordy man is far more interesting than old wordy man.

Also observing $16k incoming.

There is something to be said about consistency.

Which one is more (less) consistent?  Asking for a friend.

Lets not try to answer questions about the fabric of time and space in haste.

This is a Conundrum that should be analyzed annually as new data is observed and correlated.

Well, that was a talented lil deflection and avoidance dance.    

The last significant and somewhat lasting BTC price dip that we had was around 9/3 when there was a final attempt to get below $10k... and of course, no one really realized that such attempt at sub-$10k was going to end up playing out as a "final" one at that time.  

Em, hem, excuse me, but I do seem to recall that a certain someone was convinced that it was the final $10k battle.
Never mind, who cares, lets have a drink:

None of those examples count as timely and/or sufficiently assertive predictions that 4 digits were gone forever (or final).  Try ur lil selfie a wwwweeeee bit MOAR harder, next time.  

 

[HairyMaclairy]

Let’s pretend Biden doubles CGT.  Which isn’t going to happen

You will still be better off selling next year.  

Also, Biden isn’t going to do shit on taxes.  He’s got bigger fights on his hands like fixing Covid.  

exactly...it has to be 85% cap gains on 100K..20% cap gains on 16K (if your cost is close to zero) is 3.8K, 12.2k profit.
If btc is 100K, tax has to be 88% to get the same profit. Zero chance for such tax and any tax higher than maybe 30% or so.
30% is possible...I paid 39.7% cap gains in 2000. That was a howler (forgot about short term vs long term when trading  )

Not to put too fine a point on it but it’s not cap gains short term, it’s income.

in US it is called short term cap gains, which, indeed, are taxed at the regular income rates.

Eh ok you are right. 

Withdrawn. 

[HairyMaclairy]

I have the same concerns, Bob.

UK CGT is currently 20%.
There are rumours next April the UK Gov will increase it to be aligned with the normal tax rate for high earners (salaried) which is 45%.

I am really & I mean really not cool with paying 45% CGT. If they raise it that much I will be looking to emigrate.

First I have heard of that.  

The UK economy is going to be so fucked from Brexit and Covid that I think this is a 1 in a hundred chance.

Much more likely Boris will be hung up from his Johnson from the Parliament gates

UK CGT - http://www.bbc.co.uk/news/amp/business-54908037

Huh.  I don’t believe it for a second though.  Not this government. 

[LFC_Bitcoin]

@HM, I hope not. I am not paying potentially millions of £ in tax. They can kiss my ass.

[600watt]

Bitcoin: Addressing Misconceptions

https://seekingalpha.com/article/4388422-bitcoin-addressing-misconceptions

that is a great read. what a sober take. impressed. the text is special because she is no bitcoin maxi but she uses maxi arguments. give this text to pre-coiners.

[Hueristic]

Just if i eventually missed it: You won't sell all your coins in near future, will you?

Plan on passing my Bitcoin HODLings onto my nieces and nephews upon my passing; rolling all that into the estate.

Have more BTC than Rick and I could reasonably blow in a lifetime (No delusions of grandeur here); provided we manage living to a ripe, old age - I, for one, plan to at least be a centenarian.

I would be genuinely surprised if I liquidate more than 300 BTC within my lifetime, after this latest move.

Have you considered adopting?

asking for a friend.

Am I now under surveillance?

Although it may be a blow to your ego I can tell you that far less people care enough to slog through your posts let along store them.

Me thinks you could use some time off away from the keyboard, your showing Shelby levels of mania.

Added: BTW I was planning on spending a few minutes to resopond to this but its just not worth the time so I will just say this here.

I have seen those that scream the loudest about their freedom work the hardest to curb others freedoms.

Leaving no reasonable doubt that you were actually talking about me:

You were not even a thought in my mind when I wrote this.

[600watt]

Let’s pretend Biden doubles CGT.  Which isn’t going to happen

You will still be better off selling next year.  

Also, Biden isn’t going to do shit on taxes.  He’s got bigger fights on his hands like fixing Covid.  

exactly...it has to be 85% cap gains on 100K..20% cap gains on 16K (if your cost is close to zero) is 3.8K, 12.2k profit.
If btc is 100K, tax has to be 88% to get the same profit. Zero chance for such tax and any tax higher than maybe 30% or so.
30% is possible...I paid 39.7% cap gains in 2000. That was a howler (forgot about short term vs long term when trading  )

Not to put too fine a point on it but it’s not cap gains short term, it’s income.

in US it is called short term cap gains, which, indeed, are taxed at the regular income rates.

I know it is mean to rub it in but weirdly enough in Germany, after hodling for 12 months, the capital gains tax is zero. also: no vat when buying or selling btc. usually vat is at a sick 19%  (right now due to covid they lowered it to 16%, still face-ripping)   usual capital gains tax is 25%

[explorer]

Let’s pretend Biden doubles CGT.  Which isn’t going to happen

You will still be better off selling next year.  

Also, Biden isn’t going to do shit on taxes.  He’s got bigger fights on his hands like fixing Covid.  

Hmmm...  I suppose he has people to tie his shoes...

[nullius]

Hint:  Grammar.

Kαλλίστoυ

* nullius loves peace and love and cute rabbits.

you may call me σκληρός Ὀδῠσσεύς.

Don't get me wrong...
Humans are allowed to be arrogant. AI's are not.

WTF, CT, are you alleging that I be human!?

My lil evil killer robot selfie seems to be losing this epic wordy-man contest to Jay.  #nohomo

Hail Eris!

This sentence is false.  ;-)

[Cryptotourist]

None of those examples count as timely and/or sufficiently assertive predictions that 4 digits were gone forever (or final).  

How come, says who?
How about this one? No?

It was just before this:

Finally!!!!!!

A positive sign.  

aka... proudhon


 

So, Jay or Juan, do you think we will visit $10k ever again? What would it take to call four digits final for you?
Anyway, not waiting for an answer really - it's always a pleasure to float your boat.

WTF, CT, are you alleging that I be human!?

Yeap!

[yefi]

First I have heard of that.  

The UK economy is going to be so fucked from Brexit and Covid that I think this is a 1 in a hundred chance.

Much more likely Boris will be hung up from his Johnson from the Parliament gates

One would think so, but the Chancellor has been signalling his predilection for tax rises for a while now. Why he favours trying to balance the books when the rest of the world is just turning to the printing press is anyone's guess. (Unless it's all a ploy, which I guess is possible).

[JayJuanGee]

My lil evil killer robot selfie seems to be losing this epic wordy-man contest to Jay.  #nohomo

Next thing, you are going to be getting your own day, too.   

[nullius]

Am I now under surveillance?

Although it may be a blow to your ego I can tell you that far less people care enough to slog through your posts let along store them.

Far from being a blow to my ego, I am in a position to consider that I may be achieving that intentionally.

Quotes fiddled to restore better context, plus attribution with a link for more more context:

<snip>

Leaving no reasonable doubt that you were actually talking about me:

New wordy man is far more interesting than old wordy man.

There is something to be said about consistency.

You were not even a thought in my mind when I wrote this.

OK.  Anyway, I think we can all agree that privacy is good, and DARE teaching kids to spy on their families is bad.  (Which was surely not directed at me, too.)

* nullius loves peace and love and cute rabbits.

[JayJuanGee]

None of those examples count as timely and/or sufficiently assertive predictions that 4 digits were gone forever (or final).  

How come, says who?
How about this one? No?

Surely not bad.

How am I supposed to know regarding why not?

It was just before this:

Finally!!!!!!

A positive sign.  

aka... proudhon


 

So, Jay or Juan, do you think we will visit $10k ever again? What would it take to call four digits final for you?
Anyway, not waiting for an answer really - it's always a pleasure to float your boat.

4 digits do not seem very likely, at this time.

I had suggested that we could not really have any meaningful chance of feeling as if we are past 4 digits until we get meaningfully above $13,880... and surely it seems as if we have gotten "meaningfully" above $13,880.... so there is that angle in regards to where the bottom might be upon any test or change in momentum.

One piece of evidence in regards to 4 digits still being open is the 200 week moving average, which is merely in the lower $7ks...   

So, the last time that I checked, lower $7ks do qualify for 4 digits, even if maybe our momentum is UPpity from here.. so at some point in the coming year or so, the 200-week moving average will also move into the 5 digits, making 4 digits even less likely.

[nullius]

My lil evil killer robot selfie seems to be losing this epic wordy-man contest to Jay.  #nohomo

Next thing, you are going to be getting your own day, too.  

V8s already decreed it!  And like some sort of an anarchist, I have been wantonly violating the laws of the Wall Observer.  

right we need a day of the week when we are rude to nullius for his lengthy expostulations. the scrolling past is getting tiring

jjg has stfu jjg thursdays, sunday is sacred to the haiku

monday then? today in fact?

stfu nullius

less is more. small is beautiful. concision breeds precision

(you know I love you but)

[serveria.com]

AYH? Next target $17k? 

[JayJuanGee]

My lil evil killer robot selfie seems to be losing this epic wordy-man contest to Jay.  #nohomo

Next thing, you are going to be getting your own day, too.  

V8s already decreed it!  And like some sort of an anarchist, I have been wantonly violating the laws of the Wall Observer.  

right we need a day of the week when we are rude to nullius for his lengthy expostulations. the scrolling past is getting tiring

jjg has stfu jjg thursdays, sunday is sacred to the haiku

monday then? today in fact?

stfu nullius

less is more. small is beautiful. concision breeds precision

(you know I love you but)

Oh my!!!!  You got mondays, you fuck.   

[600watt]

on stamp out of the last fourteen 3day candles, guess how many were red. ($)

one.

[Toxic2040]

Charts

#dyor

1h


4h

#stronghands