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

[strawbs]

A quick glance at the depth charts should calm some nerves. A few big buys will throw us straight back up to ATH territory. Keep calm and carry on.

[ivomm]

All right, all right, I can't help to fuck up a bit with the bears. I didn't plan it, but if they insist offering below 50K, I accept the challenge. I just bought 0.1BTC at 48270$ with fiat from the BJ fund (rough estimate for 1 year  ). I feel lucky today. Sorry ladies, but first things first. Hopefully the bulls won't let them dissapointed  

[machasm]

Having lived and survived through the 3 previous halvings I am not particularly worried about this current dip. Seems like business as usual to me.
As far as this recent CGT FUD goes, if peeps are selling off to offset their CGT liabilities I would think that the very same peeps are likely to FOMO back in as soon as the mandatory minimum period is met?
I did something my self recently where I sold a portion of BTC into an unnamed alt. Took advantage of my CGT allowance, held the shitcoin for 30 days then bought my original BTC back (actually made a little more due to said shitcoin going up more than BTC)
This then resets the CGT counter back to zero so I will only have to pay CGT at current rate on the BTC I bought back at the price I bought it at AFTER the 30 days.
I think the problem is going to be that by the time the mandatory period has lapsed for any new BTC bought for the CGT counter to be reset that the price of BTC in a months time is likely to be higher than it is now thus negating any perceived gains by having to pay a higher price for the same asset.
Hope this wasnt too confusing.
I am chilled about this whole "correction" and am looking forward to normal play resuming shortly.

[El duderino_]

Hello gang.
Observing 47,800@Stamp.

As a PlanB zealot, allow me to cheer you up with this:



https://twitter.com/fillippone1/status/1385504889187483650?s=21

https://twitter.com/100trillionusd/status/1385496730200907776?s=21

Please believe me I wasn’t aware of his tweet when I wrote mine!
Lol... used the same “clockwork” word...

Oh no, you are not going to open a plagiarism thread on me in Meta? Are you?!

LoL, naaaah would never do such a thing as I also don’t see any plagiarism,just saw the tweet and we all love some planB hopium/wisdom s2f etc

[hisslyness]

Haven't sold anything yet. Looks like a perfect bulltrap. Stop whining and get back to hodling/buying!  

Bulltrap or Beartrap? In which Phase are we yet?  

[Image deleted to save space on the wall...]

It is a "Reverse BullTrap"... kinda like a Bear Trap, but alot more shiny..

Bought the dip... twice... i know i know... i need help!...

[El duderino_]

Though after all this time.... to many still reacting like there is or could be a reason or something for this DIP indeed business as usual

Previous tether fud market manipulation, China same, forks.... now a silly tax story....

Everything is being used to het to the middle mans BTC, don’t let them get your BTC cheap

[El duderino_]

Aaaaaaaand please

The wall observer,
Best thread in BTC history.
Now more backbone needed.

[Sayeds56]

Oooh weee. Just got filled at $49,250, AND IT FEELS SOO GOOD!!!
EDIT: $49,000 filled... OH BABY!!!

Early signs of Bitcoin Price Recovery on 15m Chart

[El duderino_]

I see the same but just see it everywhere 

[hisslyness]

What a load of crap this CGT from Biden is! Just political point scoring and pandering to the leftist!

If you are lodging Tax Returns of 1M+ in income a year, you are in either one of the below...

1. Have another 10M+ in company and trust accounts... CGT will be the least of your worries!
2. You need to find a new accountant! Maybe someone with better tax advice!

POLL: Whom, on this wall, will cop the Biden CGT increase??

My guess is nobody.

NOTE: I don't believe it will affect Bob, you can go ahead and buy the rest of TX!

[LFC_Bitcoin]

@BTC_Archive
#Bitcoin bull market in 2017:

• 6 corrections of 30-40%
• followed by average gain of 153%

Corrections are normal 😉 👍


https://twitter.com/btc_archive/status/1385546089055522818?s=21

Where my strong hands at?
Weak hands, the door’s this way ————>

[hisslyness]

back above 50k! 100K here we come!

[drnash85]

back above 50k! 100K here we come!

meh

[LoyceV]

Follow-up question on the capital gains tax: if stock markets drop because people are locking in current profits by selling stock, does that mean they have to pay taxes now? Which would mean the US government potentially gained billions of tax just because Biden made an announcement?

I'm still flabbergasted by the idea that Americans can choose when they want to pay their taxes.

[drnash85]

Follow-up question on the capital gains tax: if stock markets drop because people are locking in current profits by selling stock, does that mean they have to pay taxes now? Which would mean the US government potentially gained billions of tax just because Biden made an announcement?

I'm still flabbergasted by the idea that Americans can choose when they want to pay their taxes.

The taste of true freedom.

[hisslyness]

Follow-up question on the capital gains tax: if stock markets drop because people are locking in current profits by selling stock, does that mean they have to pay taxes now? Which would mean the US government potentially gained billions of tax just because Biden made an announcement?

I'm still flabbergasted by the idea that Americans can choose when they want to pay their taxes.

Yes, but not at the 39.6% he wants...

[LFC_Bitcoin]

Follow-up question on the capital gains tax: if stock markets drop because people are locking in current profits by selling stock, does that mean they have to pay taxes now? Which would mean the US government potentially gained billions of tax just because Biden made an announcement?

I'm still flabbergasted by the idea that Americans can choose when they want to pay their taxes.

In the UK, we pay 20% on CGT but that’s only on profits. We don’t have an annual wealth tax so it’s only payable when we decide to sell. There was a review on spending/finances a couple of months back but luckily CGT was left alone.

[El duderino_]

back above 50k! 100K here we come!

Maybe with a stop left and right but indeed

100 k here we come

[El duderino_]

En

[BitcoinGirl.Club]

Good afternoon WO!
Observing @ $50,160

Shitcoin holders are panicking 🤣