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

[Paashaas]

A speedy prosperous recovery for AlcoHoDL!

[1715394280]

1715394280

[Elwar]

If you don't like taxes you should indeed move, to a country with bad roads, a bad justice system and bad healthcare. Good luck with that.

I tried to live in a place with no taxes and they tried to kill me for it.

No roads, no justice system, no healthcare.

It was wonderful.

[d_eddie]

we are close to $40,000. now we can say that John McAfee may have a 1% chance of hitting that $ 500,000 forecast

Our stable numeraire is coming: http://www.gata.org/node/8303

Very interesting and instructive read, Wekkel. The rabbits you pull out of your hat are sometimes very pretty.
It's dated 2001 (!) and still current. It's like the author has seen Lehman Bros, Fanny Mae and all that jazz.

+1 WOsMerit

[d_eddie]

If you don't like taxes you should indeed move, to a country with bad roads, a bad justice system and bad healthcare. Good luck with that.

I tried to live in a place with no taxes and they tried to kill me for it.

No roads, no justice system, no healthcare.

It was wonderful.

And +1 WOsMerit for someone with his mouth and his money (and his ass, if I might speak French) locked in the same place.

[JimboToronto]

ftfy

[Wekkel]

Dutch broker Bitonic = SOLD OUT!

Last time this happend was in 2017.

18 BTC available now so make your move.

Indeed, a long time ago that this happened. Bullish!

[BobLawblaw]

Mindrust edition.

[Elwar]

Here is already memes about how "it's not fair":


So yeah, the great expropriation is coming 

I had an anti-bitcoiner ask how can someone make money without being a leech on society without doing any work. Implying that anyone gaining wealth with bitcoin was leeching off of society without work.


I listed all of the other investments that also generate revenue such as
income producing real estate
stock investments
commodity investments
interest bearing bank account
loaning money to people
etc.

I finally had to unfollow him, every post he has is a cry for help from a nocoiner.

[Biodom]

Mindrust edition.

Actually, it is not the fact that he sold, it is that he sold everything (apparently re-bought 1 btc later, which should have already brought it would probably bring him back to the same 40K).
Sometimes, when you cannot handle it, sell some, like 0.1% or something to release some steam.
BTW, in a grand picture, any sell might eventually look stupid. If btc is 1mil, 33k would look like a pimple on the chart.

[johhnyUA]

I do not have to pay income tax on my holdings, just 1-3%.

It's in your country law or what? So from your words, if you try to sell BTC you will be needed to pay only 1-3 %? Sounds pretty silly, especially in EU. Maybe in some offshore - yeah, true story, but not in EU. As i remember the only country with such opportunity is Germany, where if you hold btc more than one year you don't need to pay taxes on them.

If I sell BTC I have to pay 15% long term cap gains and at a 0 zero $ cost basis (because I didn’t pay anything for my BTC), along with regular income tax, with audit insurance for about $150..
So basically 15% of the amount sold..

And what is your regular income tax?

Maybe countries has limits for sums. For example, in my country i can withdraw with 3-5 % tax. But if sum is bigger than 400k USD i need to pay 42 %

I can be wrong, but i will never believe in story where some EU citizen just declared his 10 millions and governments was like "Oh man, please pay 1-3 % from this incredible sum, good day". If there is no special law (like in Germany).

Because memes are harbingers of a dystopian future?

E-S-P-E-C-I-A-L-L-Y ! 

[OutOfMemory]

I do not have to pay income tax on my holdings, just 1-3%.

It's in your country law or what? So from your words, if you try to sell BTC you will be needed to pay only 1-3 %? Sounds pretty silly, especially in EU. Maybe in some offshore - yeah, true story, but not in EU. As i remember the only country with such opportunity is Germany, where if you hold btc more than one year you don't need to pay taxes on them.

You forgot about Austria
Germany's little sister whore
And some other ones:
https://news.bitcoin.com/eight-countries-that-dont-tax-your-bitcoin-gains/

[BTCaesar]

AlcoHodl : get well soon !

[JayJuanGee]

Just wow! My current (unrealized) networth places me in the company of the 900 richest people in my country, according to the official statistics. I guess there are some more hodlers like me not counted by that statistic. Anyway, this is a good occasion to celebrate! Cheers mates! (I've emptied 2 champaigne bottles just celebrating the previous ATH's  )

thumbs up, man!
Imagine how high you will get in the list...
Imagine many WO's taking over the top positions of the list  

Well, whether some nocoiners or precoiners want to believe the situation or not, many of us have already appreciated that bitcoin seems to be facilitating one of the greatest (if not the greatest) wealth transfer in history - right before our eyes - so it could take a while to play out for sure, and we may well have some set backs along the way, but these seemingly BIG ass price rises of more than 3.5x in around 4 months are largely just confirmations in regards to the wealth transfer hypothesis playing out in actual reality.. and there are still quite a few no coiners and precoiners who fail/refuse to see it and even if they do see it, they fail/refuse to act upon such information.. which causes them to be fence sitters and sometimes they get diluted into shitcoiners or bitcoin naysayers - even if they might know better.

Personally, I continue to appreciate our ongoing willingness to share various kinds of information, tactics, strategies and mindsets, even if some times we might not agree upon the approach or even the way of framing the matter, but in the end, we are able to provide a decent amount of information to each other and facilitate high quality brainstormening within this here lil place on the interwebs. #nohomo

I pray the lord we stop at these prices for at least a week.. The rise is accelerating to gut wrenching levels.
Let this bullrun chill out or else we'll blow off top.

$34800 ATH observed..  

Bitcoin no doesn't work like dat.

 

[eddie13]

I do not have to pay income tax on my holdings, just 1-3%.

It's in your country law or what? So from your words, if you try to sell BTC you will be needed to pay only 1-3 %? Sounds pretty silly, especially in EU. Maybe in some offshore - yeah, true story, but not in EU. As i remember the only country with such opportunity is Germany, where if you hold btc more than one year you don't need to pay taxes on them.

If I sell BTC I have to pay 15% long term cap gains and at a 0 zero $ cost basis (because I didn’t pay anything for my BTC), along with regular income tax, with audit insurance for about $150..
So basically 15% of the amount sold..

And what is your regular income tax?

Maybe countries has limits for sums. For example, in my country i can withdraw with 3-5 % tax. But if sum is bigger than 400k USD i need to pay 42 %

I can be wrong, but i will never believe in story where some EU citizen just declared his 10 millions and governments was like "Oh man, please pay 1-3 % from this incredible sum, good day". If there is no special law (like in Germany).

Because memes are harbingers of a dystopian future?

E-S-P-E-C-I-A-L-L-Y ! 

Regular income tax like as in tax on earned income from a job/employment..
Probably something like 18% ish.. Depends on how much you make really..

Just saying that I would file and pay tax on a BTC sale at the same time I would file my income taxes all in one bundle.. But they would be taxed separately..
Like, it wouldn’t be 15% ltcg + 18% income.. Just 15% on the sale, and around 18% on earned income separately..

That’s how it worked when I sold a bit in 2017 atleast, gave me audit insurance on it, haven’t heard a word about it since, so I guess it worked..

[JSRAW]

Morning jjg.. may be go for walk with your dog if mrs is cranky  or use treadmill for a change.. new year, new day, new hobby? 

[JimboToronto]

If btc is 1mil, 33k would look like a pimple on the chart.

Just like 2013's ATH does now or 2011's ATH did before that.

Let's hope that some day $1M looks like a pimple on the chart.

[seek3r]

[julian071]

I do not have to pay income tax on my holdings, just 1-3%.

It's in your country law or what? So from your words, if you try to sell BTC you will be needed to pay only 1-3 %? Sounds pretty silly, especially in EU. Maybe in some offshore - yeah, true story, but not in EU. As i remember the only country with such opportunity is Germany, where if you hold btc more than one year you don't need to pay taxes on them.

Listen, I was just pulling your leg a little about paying taxes and being allowed to shoot your guns everywhere, valid points you made, but really, factually, you DO NOT have to pay any form of tax on your bitcoins or gains on bitcoins or cashing out of bitcoins here in The Netherlands OTHER THEN the taxes you pay on ALL your wealth that you have at the beginning of the year, and that tax is quite reasonable. So what i do is just screenshot my blocckfolio, then add that to the amount i have in stocks, in cash money (for example the amount I have saved up for maintenance on my house) and other monetary stuff (not the Ducati or the house itself), then pay taxes over that. First 30k no taxes, then up to 100k 0.54%, then 1.34% up to 1 million, anything above that 1.6%. Again, no taxes on any form of transactions, gains or losses or whatever.

[JayJuanGee]

Now on day 4 from onset of symptoms. By day 5-6, and if things get serious, I should be getting shortness of breath, at which point I should be admitted to hospital. If this does not happen, then it may be possible to fight this at home on my own. I hope so.

Difficult to know what to say, AlcoHoDL.  I know that we are not supposed to get emotional through our interweb connections, but sometimes the reality of our humanness comes out through our posts including discussions of mortality and actual meat space energies that we might have or even find dwindling from time to time.  

On a personal level, I have been trying to exercise every single day and to get out in the sun in regards to the vitamin D theories, but the information seems to be so varied out there in regards to the virus, whether we are talking about either preventatives (surely there is quite a bit of consensus in regards to wearing masks and social distancing), or what to do once you have it in regards if there might be some actions that might be better than other actions in terms of helping your body to help itself.

Oh surely, in regards to social distancing, it can be quite tough in terms of sometimes wanting to meet with certain people, and I am planning on meeting with a person this week who has way the fuck more social interactions than me.. so in some sense, I am taking a risk based on that person's more extensive social actions because I know that when I am interacting with that person it is likely that between the two of us, we are not going to be socially distancing (if you know what I mean?) - even if that person is engaging in way more precautions than me, I am not interacting with even close to as many people on a regular basis.

On topic, I see we passed the 27k € ($34k) mark, which is just AWESOME! I saw one big but very brief dip, which was quickly absorbed by the buying pressure. It seems that any corrections (big or small) are quickly counteracted by pumps that bring the price back to its "slow" upward course. If we keep going like this, $100k should easily be reached in 2021.

You fucking bear, AlcoHoDL.  Snap out of it.  You must be devolving into delusional.  #nohomo

Of course, we have no guarantees and $100k could be reached in January.. and surely that would be even more parabolic than we thought from $20k or this $30k location.

Actually, predictions talk about as high as $400k, but for me $100k as a correction-stabilized price for 2021 is more than satisfactory. I'm sure many of us WOers' lives will change when this happens.

Onwards & upwards!

HoDL

#humbled #blessed #sickpuppy

So yeah, now $100k correction-stable price is a different story than merely reaching $100k.. So likely you are kind of suggesting that the $100k could end up being in the ballpark of a correction bottom... and hey, I don't have any problems with that.  There has been a lot of toying around with quite a few variations on bullish theories that could end up playing out, including one of the theories being that assuming 70% to 85% dips that drag out for several months might end up being a bit too much, but surely if we were to go to $400k or a million within 6 months or even a year, then 70% to 85% start to seem like plausible and reasonable levels of subsequent BTC price performance.

So surely, part of where we might go upon a dippening does end up playing out as the next step after seeing how far and how fast the pumpening had taken us, including whether we end up seeing a kind of double top like in 2013 or  a single more gradual top like in 2017 or even some other kind of variation that might end up causing a bit of a new pattern.. just to keep us on our toes (so to speak).

Get well and strength to ur lil selfie, AlcoHoDL... #a_wee_bit_of_homo   

[ProfTP]

It is possible we get a second 2013.

Not a rise like in 2017 with small bumps on the way

but a massive run up, then a strong correction and shortly after that another massive run.

Why not, its cool for me.