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

[NeuroticFish]

Try to get used to not help the trolls by quoting them 
Some may have them already on ignore.

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[shahzadafzal]

This all is curse of Shiba Inu.

[vroom]

poor gembitz took the wrong pill 

[WastedLTC]

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 

[gallianooo]

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 

on which exchange ?

[BitcoinGirl.Club]

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]

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]

Buy the dip and hodl.  Nice sale on BTC

[rolling]

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]

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]

Let's meet at 41-43.

[cryptoperkele]

And also this FUD

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

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]

I wonder if gembitz is completely or just slightly retarded.

[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....

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]

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.

[BitcoinBunny]

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.

The way I see taxes

1-10% Perfectly acceptable
11-20% Annoying but ok
21-30% What exactly are you doing with all this money you are taking?
31-40% This starts to get ridiculous, better not go up
41-49% F*ck this shit
50%+ Bye!

[philipma1957]

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.

That is not correct.

Remove all bridges and roads in all countries. Let me know which is harder on economy  no roads no bridges
no canals. Or taxes that build roads bridges and canals such as the panama and the suez.

The correct statement is many taxes are ill conceived and they can hurt the economy.

[LoyceV]

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.

I've seen this argument before, but selling some of his shares to pay taxes doesn't matter to Amazon as a company.

If you raise the capital gains tax, he'll just never sell those shares.

That's why we have a "wealth tax": Bezos would pay 1.76% of his wealth in taxes each year if he'd live here.
Then again, being that rich you'd find ways around it and wouldn't pay the tax anyway.

[rolling]

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.

That is not correct.

Remove all bridges and roads in all countries. Let me know which is harder on economy  no roads no bridges
no canals. Or taxes that build roads bridges and canals such as the panama and the suez.

The correct statement is many taxes are ill conceived and they can hurt the economy.

The tax itself is still a deterrent to economic activity for the people paying the tax. I didn't say that some uses of the taxes couldn't also create a net positive in other areas. Some tax is necessary even when it is a deterrent to economic activity.

[rolling]

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.

I've seen this argument before, but selling some of his shares to pay taxes doesn't matter to Amazon as a company.

If you raise the capital gains tax, he'll just never sell those shares.

That's why we have a "wealth tax": Bezos would pay 1.76% of his wealth in taxes each year if he'd live here.
Then again, being that rich you'd find ways around it and wouldn't pay the tax anyway.

Exactly, the higher the taxes, the more avoidance. Also, a wealth taxes is outright confiscation and is against everything free democratic societies stand for. I don't know where you live but I'm guessing there are not a lot of rich people there.