Bitcoin Forum
March 28, 2024, 06:36:43 PM *
News: Latest Bitcoin Core release: 26.0 [Torrent]
 
   Home   Help Search Login Register More  
Poll
Question: What happens first:
$65,000 - 59 (86.8%)
$48,000 - 9 (13.2%)
Total Voters: 68

Pages: « 1 ... 28471 28472 28473 28474 28475 28476 28477 28478 28479 28480 28481 28482 28483 28484 28485 28486 28487 28488 28489 28490 28491 28492 28493 28494 28495 28496 28497 28498 28499 28500 28501 28502 28503 28504 28505 28506 28507 28508 28509 28510 28511 28512 28513 28514 28515 28516 28517 28518 28519 28520 [28521] 28522 28523 28524 28525 28526 28527 28528 28529 28530 28531 28532 28533 28534 28535 28536 28537 28538 28539 28540 28541 28542 28543 28544 28545 28546 28547 28548 28549 28550 28551 28552 28553 28554 28555 28556 28557 28558 28559 28560 28561 28562 28563 28564 28565 28566 28567 28568 28569 28570 28571 ... 33203 »
  Print  
Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 26336577 times)
This is a self-moderated topic. If you do not want to be moderated by the person who started this topic, create a new topic. (170 posts by 1 users with 9 merit deleted.)
lightfoot
Legendary
*
Offline Offline

Activity: 3080
Merit: 2222


I fix broken miners. And make holes in teeth :-)


View Profile
April 23, 2021, 12:19:11 PM

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.

Well, it's always on "profits" (appreciated value), correct? For example if you buy 1btc at $60 and sell it at $60,000 your CG taxes are computed based on $59,940 and NOT $60,000.

I think this is just more weak hands panic. Fortunately one can profit off the stupidity of others and each time it happens there are fewer dingalings holding bitcoins.
1711651003
Hero Member
*
Offline Offline

Posts: 1711651003

View Profile Personal Message (Offline)

Ignore
1711651003
Reply with quote  #2

1711651003
Report to moderator
"Your bitcoin is secured in a way that is physically impossible for others to access, no matter for what reason, no matter how good the excuse, no matter a majority of miners, no matter what." -- Greg Maxwell
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
1711651003
Hero Member
*
Offline Offline

Posts: 1711651003

View Profile Personal Message (Offline)

Ignore
1711651003
Reply with quote  #2

1711651003
Report to moderator
1711651003
Hero Member
*
Offline Offline

Posts: 1711651003

View Profile Personal Message (Offline)

Ignore
1711651003
Reply with quote  #2

1711651003
Report to moderator
1711651003
Hero Member
*
Offline Offline

Posts: 1711651003

View Profile Personal Message (Offline)

Ignore
1711651003
Reply with quote  #2

1711651003
Report to moderator
gembitz
Hero Member
*****
Offline Offline

Activity: 1834
Merit: 639


*Brute force will solve any Bitcoin problem*


View Profile
April 23, 2021, 12:25:23 PM

good morning plebzzz!  Kiss  BBBITCRON GOING UP TO $1337+!! WOOT


BitcoinGirl.Club
Legendary
*
Offline Offline

Activity: 2730
Merit: 2652


Farewell LEO: o_e_l_e_o


View Profile WWW
April 23, 2021, 12:27:12 PM

good morning plebzzz!  Kiss  BBBITCRON GOING UP TO $1337+!! WOOT



1 BTC = 1 BTC
How it makes you broke?
gembitz
Hero Member
*****
Offline Offline

Activity: 1834
Merit: 639


*Brute force will solve any Bitcoin problem*


View Profile
April 23, 2021, 12:27:24 PM

Good afternoon WO!
Observing @ $50,160

Shitcoin holders are panicking 🤣

GO ALL INTO DANK MEME COIN!!! =))) REEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEE

gembitz
Hero Member
*****
Offline Offline

Activity: 1834
Merit: 639


*Brute force will solve any Bitcoin problem*


View Profile
April 23, 2021, 12:29:23 PM

good morning plebzzz!  Kiss  BBBITCRON GOING UP TO $1337+!! WOOT



1 BTC = 1 BTC
How it makes you broke?

DANK ASS MEMES ARE THE FUTURE OF BITCORN!!! =)))) LAMBO WHEN??? $$$$$$$ PROFITS TO 20K IMHO<===[[[PRO TIP]]]

NeuroticFish
Legendary
*
Offline Offline

Activity: 3626
Merit: 6321


Looking for campaign manager? Contact icopress!


View Profile
April 23, 2021, 12:35:08 PM


Try to get used to not help the trolls by quoting them  Wink
Some may have them already on ignore.
shahzadafzal
Copper Member
Legendary
*
Offline Offline

Activity: 1498
Merit: 2860



View Profile
April 23, 2021, 12:36:02 PM

This all is curse of Shiba Inu.
vroom
Legendary
*
Offline Offline

Activity: 1302
Merit: 1681


a Cray can run an endless loop in under 4 hours


View Profile
April 23, 2021, 12:37:24 PM

poor gembitz took the wrong pill  Grin Wink
WastedLTC
Hero Member
*****
Offline Offline

Activity: 776
Merit: 536



View Profile
April 23, 2021, 12:43:19 PM

As more people get into crypto they quickly learn it's not about 'luck', it's not 'easy', and it's exhausting.      How quickly they change their minds when they have skin in the game.    Here is the first pull back for many and we will see how many can put more money into the dip...   welcome to Bitcoin  Wink



gallianooo
Sr. Member
****
Offline Offline

Activity: 677
Merit: 346


View Profile
April 23, 2021, 12:46:13 PM

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.



EPIC  Grin

on which exchange ?
BitcoinGirl.Club
Legendary
*
Offline Offline

Activity: 2730
Merit: 2652


Farewell LEO: o_e_l_e_o


View Profile WWW
April 23, 2021, 12:46:23 PM

HODL fucker!
You expect bitcoin to hit $1m but you are scared when bitcoin is under $50k. A few months ago the same you were saying bitcoin will never hit $20k again.
lightfoot
Legendary
*
Offline Offline

Activity: 3080
Merit: 2222


I fix broken miners. And make holes in teeth :-)


View Profile
April 23, 2021, 12:49:10 PM

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.

Ok, but question: Does this do anything for you tax-wise? For example if you bought at 60 and sold at 60k then you owe 20% CGT on 59,940. You pay that when you shift into the altcoin. If you buy BTC back at 60k 30 days later then you still have to pay CGT again if you sell it in the future, but at (future price-60,000) which means the tax hit is the same.

Only reason might be because CGT is taxed at your current rate up to 20%, so if your sale+what you make as a wage slave is under 200k or so you pay less taxes as you're in a lower tax bracket than 20%.

philipma1957
Legendary
*
Offline Offline

Activity: 4074
Merit: 7590


'The right to privacy matters'


View Profile WWW
April 23, 2021, 12:49:40 PM

Buy the dip and hodl.  Nice sale on BTC
rolling
Hero Member
*****
Offline Offline

Activity: 824
Merit: 712


View Profile
April 23, 2021, 01:05:34 PM
Merited by BitcoinBunny (2), Richy_T (1), Farmer Bill (1)

Anyone advocating for more taxes has been watching too much MSNBC. It's not about feeling sympathy for people who have billions, it's about people thinking the government is their daddy.

Do you think billionaires are swimming around in a pool of gold coins or pallets of $100s? Nearly all of the wealth that people are complaining about is on paper. Jeff Bezos owns a bunch of Amazon shares. If you raise the capital gains tax, he'll just never sell those shares. If the capital gains tax was lowered however, he might sell those shares and invest that money in some other endeavor which could create millions of new jobs. I'm betting the guy who created Amazon is a lot smarter than anyone in the government.

Nearly all the wealth in the world is invested in companies and profits are reinvested in other companies to create more and more jobs. Taxes stifle growth. All taxes are a deterrent to economic activity.

The Government is not your baby daddy and the more money the government takes, the less economic activity, jobs etc.

Torque
Legendary
*
Offline Offline

Activity: 3528
Merit: 5031



View Profile
April 23, 2021, 01:20:06 PM

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....

And also this FUD

https://www.yahoo.com/news/turkish-crypto-founder-flees-reported-141606649.html
gallianooo
Sr. Member
****
Offline Offline

Activity: 677
Merit: 346


View Profile
April 23, 2021, 01:27:49 PM

Let's meet at 41-43.
cryptoperkele
Member
**
Offline Offline

Activity: 889
Merit: 60


View Profile
April 23, 2021, 01:33:19 PM


Lol what an earth?! How can someone make 2 billion dollars from an exchange that couldn't be more obvious scam? (offering to sell dogecoins for 1/4 price).
There's no limit how stupid people can be when they are greedy.
Kylapoiss
Sr. Member
****
Offline Offline

Activity: 616
Merit: 292


I don't know where I'm going, but I'm going.


View Profile
April 23, 2021, 01:35:30 PM

I wonder if gembitz is completely or just slightly retarded.
El duderino_
Legendary
*
Online Online

Activity: 2464
Merit: 11777


BTC + Crossfit, living life.


View Profile
April 23, 2021, 01:49:46 PM

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....

And also this FUD

https://www.yahoo.com/news/turkish-crypto-founder-flees-reported-141606649.html

Read it a lot as well though not to many of news around it, if that happened earlier...
Torque
Legendary
*
Offline Offline

Activity: 3528
Merit: 5031



View Profile
April 23, 2021, 02:03:50 PM

Do you think billionaires are swimming around in a pool of gold coins or pallets of $100s? Nearly all of the wealth that people are complaining about is on paper. Jeff Bezos owns a bunch of Amazon shares. If you raise the capital gains tax, he'll just never sell those shares. If the capital gains tax was lowered however, he might sell those shares and invest that money in some other endeavor which could create millions of new jobs. I'm betting the guy who created Amazon is a lot smarter than anyone in the government.

Also it would be trivial to game the new cap gain tax law. Do you know how many wealthy U.S. millionaires/billionaires would be running around claiming exactly $999,999 in income on their taxes every year?

All of them.

Hell, most of the C-Level of the biggest U.S. companies don't even get paid an income, they take stock options as compensation.
Pages: « 1 ... 28471 28472 28473 28474 28475 28476 28477 28478 28479 28480 28481 28482 28483 28484 28485 28486 28487 28488 28489 28490 28491 28492 28493 28494 28495 28496 28497 28498 28499 28500 28501 28502 28503 28504 28505 28506 28507 28508 28509 28510 28511 28512 28513 28514 28515 28516 28517 28518 28519 28520 [28521] 28522 28523 28524 28525 28526 28527 28528 28529 28530 28531 28532 28533 28534 28535 28536 28537 28538 28539 28540 28541 28542 28543 28544 28545 28546 28547 28548 28549 28550 28551 28552 28553 28554 28555 28556 28557 28558 28559 28560 28561 28562 28563 28564 28565 28566 28567 28568 28569 28570 28571 ... 33203 »
  Print  
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!