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dieselmeister
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March 01, 2021, 04:14:48 PM |
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4h candle at 49.2k nice!
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Torque
Legendary
 Offline
Activity: 3542
Merit: 5039
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March 01, 2021, 04:17:53 PM |
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My calculations show that the correction from 58 400 to 43 000 is 26.3%. This doesn't even qualify for a significant 30%+ correction!
I can't speak for any of the hodlers outside the U.S., but this exactly is why we U.S.-based hodlers continue to just hodl. Here we have to pay 20% long term cap gains tax on btc we sell over a certain amount. So in order to gain any real benefit from trying to sell a top only to buy back lower, the price would have to move at least -30% or more to even see a +10% buyback gain in your btc amount. You'd have to call the top perfectly. And, you would have to time your sell at the very top (impossible) along with your buyback at the very bottom (again, impossible) perfectly. Good luck with that. Chances are, you are going to lose all your gains to the IRS trying to play that game. Easier to just buy and hodl for years and years, and only sell what amount you need, when you need it. |
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friends1980
Legendary
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Activity: 1582
Merit: 1059
nutildah-III / NFT2021-04-01
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March 01, 2021, 04:27:44 PM |
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Even though it's no longer the ATH, I'll have another 50k party as soon as we're there  |
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Wilhelm
Legendary
Offline
Activity: 1652
Merit: 1265
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March 01, 2021, 04:28:01 PM |
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Love this. Think it will be a great FOMO indicator... |
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Richy_T
Legendary
Offline
Activity: 2422
Merit: 2113
1RichyTrEwPYjZSeAYxeiFBNnKC9UjC5k
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March 01, 2021, 04:32:58 PM |
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A "racket" is a dishonest or deceptive, moneymaking scheme and that was the first thing that came to mind when I heard the name Rakuten. Yeah I know it's a Japanese word but I think it wasn't well though out for a global marketplace and even if they are accepting bitcoin, I'm taking a pass. It reminds me of Sam&Ella's Chicken Palace and likewise, if they begin accepting bitcoin, I'm not going there.
It used to be buy.com and then got bought out by a billionaire and renamed in his image (a braindead move in my estimation), I believe. I used to use it a lot but it seemed to be less good after the buyout. Note that you can't buy directly but have to buy their currency. Though this probably works out somewhat with Bitcoin's high fees and unreliable confirmation times. |
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BitcoinBunny
Legendary
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Activity: 1442
Merit: 2493
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March 01, 2021, 04:42:45 PM |
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Also Warren Buffet: "What the fuck is a bit of a coin?" |
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BitcoinBunny
Legendary
Offline
Activity: 1442
Merit: 2493
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March 01, 2021, 04:48:29 PM |
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A "racket" is a dishonest or deceptive, moneymaking scheme and that was the first thing that came to mind when I heard the name Rakuten. Yeah I know it's a Japanese word but I think it wasn't well though out for a global marketplace and even if they are accepting bitcoin, I'm taking a pass. It reminds me of Sam&Ella's Chicken Palace and likewise, if they begin accepting bitcoin, I'm not going there.
It used to be buy.com and then got bought out by a billionaire and renamed in his image (a braindead move in my estimation), I believe. I used to use it a lot but it seemed to be less good after the buyout. Note that you can't buy directly but have to buy their currency. Though this probably works out somewhat with Bitcoin's high fees and unreliable confirmation times. Over here in the UK I used to use Play.com before it was bought out / removed by Rakuten. It was a nice Amazon alternative for years for DVDs, cds and games, very functional and clear website, unlike the mayhem amount of irrelevant product info on the average Amazon product listing. Chancellor David Osbourne closed the Jersey tax loop hole about 10 years ago so that stuffed Play.com out of existence. Politicians still happy to fund Amazon's infrastructure for free around the UK so that they can provide us with terrible jobs. I didn't know what the fuck was going on when suddenly the Play.com website talked about Rakuten. It was a great domain name for gadgetery at the time too. |
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JayJuanGee
Legendary
 Online
Activity: 3696
Merit: 10188
Self-Custody is a right. Say no to"Non-custodial"
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March 01, 2021, 05:01:03 PM |
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Even though it's no longer the ATH, I'll have another 50k party as soon as we're there Surely, currently, within striking distance.. though it did move somewhat quickly up from a $46k-ish base and up to mid-$49ks.. and to be hovering within $1k or so of possibly getting to, and maybe above $50k... .. I hardly have any predictions this time around, as the first time around I did consider that we would move fairly quickly into the $58.5k to $62k arena.. and maybe this time around mind be considered as the same pattern... perhaps? In the whole scheme of things, and if we end up zooming out, our correction down to $43k-ish might be largely considered as noise (is "noise" another way of saying coiling?)? Perhaps? perhaps? |
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philipma1957
Legendary
Offline
Activity: 4102
Merit: 7815
'The right to privacy matters'
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March 01, 2021, 05:06:11 PM |
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I got some at 42 + 44 + 46 so I am good to go.
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Wilhelm
Legendary
Offline
Activity: 1652
Merit: 1265
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March 01, 2021, 05:08:47 PM |
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Also Warren Buffet: "What the fuck is a bit of a coin?" I like the "Bitcoin is rat poison" quote. Also from Warren I believe  |
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Wilhelm
Legendary
Offline
Activity: 1652
Merit: 1265
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March 01, 2021, 05:10:19 PM |
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I got some at 42 + 44 + 46 so I am good to go.
Everything u de 58k is a winner |
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Richy_T
Legendary
Offline
Activity: 2422
Merit: 2113
1RichyTrEwPYjZSeAYxeiFBNnKC9UjC5k
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March 01, 2021, 05:14:28 PM |
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I like the "Bitcoin is rat poison" quote. Also from Warren I believe How you view that depends on if you are a rat or not, I guess. |
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Wilhelm
Legendary
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Activity: 1652
Merit: 1265
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March 01, 2021, 05:20:23 PM |
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I like the "Bitcoin is rat poison" quote. Also from Warren I believe How you view that depends on if you are a rat or not, I guess. ROFL!!! Never looked at it that way  |
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Paashaas
Legendary
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Activity: 3424
Merit: 4344
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March 01, 2021, 05:51:57 PM Merited by JayJuanGee (1) |
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xhomerx10
Legendary
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Activity: 3822
Merit: 7972
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I like the "Bitcoin is rat poison" quote. Also from Warren I believe How you view that depends on if you are a rat or not, I guess. ROFL!!! Never looked at it that way I'm pretty sure rat poison has been keeping my dad from having a stroke for several years now. Funny thing is Warren's Berkshire Hathaway owns 33 million shares of Bristol Myers Squibb which is the maker of Coumadin (a blood thinner) which is the brand name for its version of warfarin which is rat poison yet he doesn't want any bitcoin because it is - in his words - rat poison squared. With BMY making up a little over 0.75% of their holdings, I guess Berkshire Hathaway doesn't have any room in its portfolio for the more profitable version of rat poison. He's almost correct but the "squared" part is an underestimation, if BMY=rat poison then bitcoin would be (rat poison) n where n ≫ 2. BMY has only risen from about $20 in 2009 to about $62 today. |
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Hueristic
Legendary
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Activity: 3794
Merit: 4884
Doomed to see the future and unable to prevent it
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March 01, 2021, 06:19:45 PM |
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Also Warren Buffet: "What the fuck is a bit of a coin?" I like the "Bitcoin is rat poison" quote. Also from Warren I believe He's right and the bankers are the rats. |
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Hueristic
Legendary
Offline
Activity: 3794
Merit: 4884
Doomed to see the future and unable to prevent it
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March 01, 2021, 06:21:14 PM |
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Looks like they figure they got away with the Poloneix rape and are ready to make another move. |
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Slot Kid
Member
Offline
Activity: 72
Merit: 57
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March 01, 2021, 06:26:30 PM |
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Feels as if we are ready to test new highs. I’m calling new ATH within 2 weeks, who’s with me? Beers are exhausted, we’re within touching distance of $50,000. The correction to $43,300 is already greatly recovered, weak hands are shaken & it’s time to restart the pump engine.
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xhomerx10
Legendary
Offline
Activity: 3822
Merit: 7972
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March 01, 2021, 06:39:57 PM Merited by JayJuanGee (1) |
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Feels as if we are ready to test new highs. I’m calling new ATH within 2 weeks, who’s with me? Beers are exhausted, we’re within touching distance of $50,000. The correction to $43,300 is already greatly recovered, weak hands are shaken & it’s time to restart the pump engine.
You must pace yourself young Padawan. I still have several beers in the fridge. |
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