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

[Poker Player]

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.

Do you have a reputable source for your claim about rising taxes on property? My guess is the same source as the 50-60% you mention.

Anyway, if you do like good roads and healthcare and stuff like that, but still want to pay as little as possible on your wealth, then move to The Netherlands. Not a very patriotic thing to do but you're welcome here anyway.

You say that as if taxes were spent only on roads and health care. And as if all countries with low taxes were banana republics. I think it's so obvious that I don't have to explain that both things are false.

I believe that taxes must be paid, but in the dilemma between paying a lot of taxes and paying little, I prefer to pay little, because politicians in industrialized countries, who, in their majority, do not stop raising taxes, what they do is increase political spending, and not so much improve health care or roads. They spend the money on things they think will get people to vote for them, which is usually not, and in fact most of the time not, the best way to spend the money.

[Paashaas]

Dutch broker Bitonic = SOLD OUT!

Last time this happend was in 2017.




https://www.viewbase.com/coin/bitcoin

[julian071]

I'm not telling here is big taxes good or not itself, just should admit that narrative about "high taxes - good roads, healthcare courts" not right. There many places in the world with high taxes and low life. And for example, Switzerland has something like 25 % (upper limit which depends from canton to canton) income tax in the same time, France has (if i remember correctly) something like 40 %. And i think it's obvious where is better to live.

But my above replica was not about that.

Do you have a reputable source for your claim about rising taxes on property?

Just my observation. Look around yourself. Many young people are leftists, "eat rich" and so on. And if they don't want to endure such people as Jeff Bezos (who get his money from his hard work) they will not tolerate bitcoin millionaires for sure. And governments will use this intolerance for their own needs. I can be wrong, but it looks like that now.

then move to The Netherlands

Even if bitcoin will hit one million, i will never live in a country where guns are prohibited

Well I do see a strong correlation between taxes and public services. As you have to pay taxes to pay for public services. Low taxes simply mean worse public services, and then you'll have to pay privately for those services. Which means your income before taxes is higher, but after you pay your medical bills etc might not look so good.

I do observe and look around and i do not have to pay 50-60%  on my wealth. I do not have to pay income tax on my holdings, just 1-3%.

Good news for you: guns are not prohibited here. You can have guns and shoot them.

[eddie13]

I have my own health insurance that costs me like $20 a week.. I wouldn’t trade it for any of those “free” government healthcare schemes..

The way to actually get the BEST healthcare in the world, is to pay cash for it, in the USA..
If you don’t have health insurance and just say “I’m paying cash”, they say “right this way sir”..

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..

Prayers for AlcoHoDL

[xhomerx10]

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  )

Lol, this is reason not to celebrate, rather to worry about. If you're in European country, taxes can be up to 50-60 % of your potential wealth (VAT + income tax) and if you're not in EU or USA you should better run there, because in any other country you have a big probability to lost your head not only from bitcoin price rising.

And yeah guys, you can remember my words, but in near future, at least in EU and USA there will be new taxes. And majority of people will support this, because noone wants to feel himself bad while his nerdy neighbor has become a billionaire. in UK for example bitcoin is forbidden now (i know that in fact not "forbidden" but anyway high restrictions)

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


So yeah, the great expropriation is coming 

 Right!  Because memes are harbingers of a dystopian future?

 I don't think so.

[Paashaas]

A speedy prosperous recovery for AlcoHoDL!

[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?