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

[xhomerx10]

1-4 does not fully pertain since you don't HAVE to sell, for the umpteenth's time.
You've got a NY Central park facing apartment. When you are going to sell...the likely answer is never..lob it to your descendants.

Trust me I thought of this... Pass it on to your descendants!!!!

In fact that’s one valid option!!!

Btw how much is NY Central park facing apartment? Never thought about it....  2 beds at least? Just to estimate Bitcoin price

 Not a good idea to pass it on if you live in the USA.  The Biden administration has proposed the removal of "step up in basis" which means your heirs would have to pay the capital gains tax on gains you accrued rather than have the basis reset to the value of your bitcoin at the time of your death.  Generational wealth wont be a thing in future America.

Biden plan creates a second death tax on top of the existing one, paying 66% (1m+) before states getting their share.

https://www.whitehouse.gov/briefing-room/statements-releases/2021/04/28/fact-sheet-the-american-families-plan/

 Universal education and universal day-care!  I'm moving to the USA right after my boating accident... as a climate refugee!

[1713870501]

1713870501

[1713870501]

1713870501

[xhomerx10]

Let's see what's going-on on may.

Yes... Exactly!!!!!

May.

That's right.  We got's to be looking forward to May, which is right around the corner, correct @philip ma? (1957 for clarity)  talking about May 1.. to be more precise.

 

 When moon May?

[xhomerx10]

https://news.bitcoin.com/goldman-sachs-bitcoin-store-of-value-environmental-problems-lack-of-real-use/

Goldman Sachs says,

"Traditional long-term stores of value such as gold, art, diamonds, wine and collectibles all have value and use beyond being stores of value."

 
 

[philipma1957]

1-4 does not fully pertain since you don't HAVE to sell, for the umpteenth's time.
You've got a NY Central park facing apartment. When you are going to sell...the likely answer is never..lob it to your descendants.

Trust me I thought of this... Pass it on to your descendants!!!!

In fact that’s one valid option!!!

Btw how much is NY Central park facing apartment? Never thought about it....  2 beds at least? Just to estimate Bitcoin price

 Not a good idea to pass it on if you live in the USA.  The Biden administration has proposed the removal of "step up in basis" which means your heirs would have to pay the capital gains tax on gains you accrued rather than have the basis reset to the value of your bitcoin at the time of your death. Generational wealth wont be a thing in future America.

I love my hat.
I love the work you do with hats.

But you are really picking an extreme longshot with the bolded prediction you made.


I have far more faith in my 70k by may 1 then I do in your pick.🙂

[JayJuanGee]

Let's see what's going-on on may.

Yes... Exactly!!!!!

May.

That's right.  We got's to be looking forward to May, which is right around the corner, correct @philip ma? (1957 for clarity)  talking about May 1.. to be more precise.

 

 When moon May?

I am thinking that we use UTC time in these here parts, but coming soon, and time to get ur lil selfies CCCCCCIIIIITTTTTTEEEEEE!!!!!!


$70k bitcoin promised.. Thank you Phillip!!!!!!!!  #nohomo......       I am sure that you will cover the difference, if any, for anyone planning to sell by that date.

1-4 does not fully pertain since you don't HAVE to sell, for the umpteenth's time.
You've got a NY Central park facing apartment. When you are going to sell...the likely answer is never..lob it to your descendants.

Trust me I thought of this... Pass it on to your descendants!!!!

In fact that’s one valid option!!!

Btw how much is NY Central park facing apartment? Never thought about it....  2 beds at least? Just to estimate Bitcoin price

 Not a good idea to pass it on if you live in the USA.  The Biden administration has proposed the removal of "step up in basis" which means your heirs would have to pay the capital gains tax on gains you accrued rather than have the basis reset to the value of your bitcoin at the time of your death. Generational wealth wont be a thing in future America.

I love my hat.
I love the work you do with hats.

But you are really picking an extreme longshot with the bolded prediction you made.


I have far more faith in my 70k by may 1 then I do in your pick.🙂

That's right phillip.

Stick to your guns.

That's respectable up to a point.


 

[OutOfMemory]

Good morning.
Hoping for an inverse SHS when looking at the charts.
On (possible) completion and confirmation the back-and-forth "when moon" discussions will stop and the text-to-gif ratio will get much lower again, while we're heading to $70k  territories

* OutOfMemory looking at the BTCUSD chart with tired eyes

Ok, now i am definitely awake 

[marcus_of_augustus]

Taxes are kind of a price to pay to live in a civilized society.

If civilisation is built upon involuntary extortion...it's not really civilised is it?

Indeed! In fact this extortion for services should be removed. The first place of course is the grocery store: People should be allowed to take what they wish and pay whatever they believe is "fair".

... typical socialist, moral relativist answer ... you're fucked up dude, you know that right?

... you just used theft as a moral equivalence to justify widespread socialised theft ... totally devoid of morals.

Socialism is a disease, it's true, but society is already fucked when it's morals have gone, socialism is merely filling the vacuum I think.

Extortion, coercion, incarceration are the final resort of course. It's an ideology without basis in morality, the outcomes are all too predictable and have been observable and widespread. At this point being an active, advocate for socialism is succumbing to the disease and choosing the moral vacuum, whilst willingly ignoring the huge toll and human suffering it has caused.

[marcus_of_augustus]

Starting to see more mainstream articles about bitcoin. Far more informative and far less fear mongering in this one ...
https://www.msn.com/en-us/money/taxes/bitcoin-miners-turn-hash-into-bitcoins-and-fortunes/ar-BB1g9S7l?ocid=msedgntp

Cambridge University estimates that Bitcoin miners use about 130 terawatt hours of electricity a day, or about 0.6% of the world's consumption. A terawatt is equal to 1 trillion watts.

The electricity wasted by plugged in but inactive home appliances such as stereos, TVs, computers, microwaves and washing machines could power Bitcoin mining for 1.8 years, the researchers said.

 It's time for MSM to start ragging on those bastards who leave their electrical appliances plugged in needlessly; wasting energy that could be used for moar bitcoin mining!  Of course that's not as sensational so I wont hold my breath.

... better still we could get bitcoin miners installed in appliances for those people who want to leave them plugged in and on ...

[marcus_of_augustus]

Taxes are kind of a price to pay to live in a civilized society.

If civilisation is built upon involuntary extortion...it's not really civilised is it?

List of countries without income tax:
Somalia
The Bahamas
Saint Kitts and Nevis  
Turks and Caicos  
Saint Barthélemy
Wallis and Futuna  
Vanuatu  
Bahrain  
The British Virgin Islands  
Cayman Islands  
Norfolk Island  
Pitcairn  
The United Arab Emirates  
Nauru  
Monaco  
The Maldives  
Oman  
Kuwait  
Qatar  
Bermuda  
Brunei  
Vatican City State
Western Sahara  

... I guess ignoring all the uncivilised socialist shitholes ... oh wait why would we ignore those when it is socialism that you are trying to defend here?

[Richy_T]

https://news.bitcoin.com/goldman-sachs-bitcoin-store-of-value-environmental-problems-lack-of-real-use/

Goldman Sachs says,

"Traditional long-term stores of value such as gold, art, diamonds, wine and collectibles all have value and use beyond being stores of value."

 
 

Industrial diamonds do. But industrial diamonds are dirt cheap.

[marcus_of_augustus]

I've always wondered at what level it becomes 'communism'?

[Richy_T]

Y'know, one alternative to taxation is for the government to just print the money it needs. We're basically there anyway and it avoids all that messy taxation business. This only works at the federal level obviously though it would be interesting if it extended to the state level too. A bit of competition between currencies and the ability for people to express confidence in the various levels of government with exchange rates would probably be quite revealing.

[Richy_T]

I've always wondered at what level it becomes 'communism'?

The pie-in-the-sky communism that always gets no-true-Scotsmaned or the more realistic kind of ugly communism where political opponents are persecuted and the inner party are privileged and protected? Cause I may have news for you.

[Arriemoller]

Let's see what's going-on on may.

Yes... Exactly!!!!!

May.

That's right.  We got's to be looking forward to May, which is right around the corner, correct @philip ma? (1957 for clarity)  talking about May 1.. to be more precise.

 

 When moon May?

Traditionally, right after April.

[Paashaas]

Uncovering the hidden cost of the Petrodollar.

[Syke]

List of countries without income tax:
Somalia
The Bahamas
Saint Kitts and Nevis  
Turks and Caicos  
Saint Barthélemy
Wallis and Futuna  
Vanuatu  
Bahrain  
The British Virgin Islands  
Cayman Islands  
Norfolk Island  
Pitcairn  
The United Arab Emirates  
Nauru  
Monaco  
The Maldives  
Oman  
Kuwait  
Qatar  
Bermuda  
Brunei  
Vatican City State
Western Sahara  

Taking just one of your examples at random:

https://mira.gov.mv/IncomeTax.aspx

[xhomerx10]

1-4 does not fully pertain since you don't HAVE to sell, for the umpteenth's time.
You've got a NY Central park facing apartment. When you are going to sell...the likely answer is never..lob it to your descendants.

Trust me I thought of this... Pass it on to your descendants!!!!

In fact that’s one valid option!!!

Btw how much is NY Central park facing apartment? Never thought about it....  2 beds at least? Just to estimate Bitcoin price

 Not a good idea to pass it on if you live in the USA.  The Biden administration has proposed the removal of "step up in basis" which means your heirs would have to pay the capital gains tax on gains you accrued rather than have the basis reset to the value of your bitcoin at the time of your death. Generational wealth wont be a thing in future America.

I love my hat.
I love the work you do with hats.

But you are really picking an extreme longshot with the bolded prediction you made.


I have far more faith in my 70k by may 1 then I do in your pick.🙂

 Well you only have 2 days; I've got at least the rest of this term and probably the next term as well to see my pick.  I didnt make it up, it's Biden's plan to eliminate tax loopholes that allow tax-free generational wealth transfers; farms and businesses may be exempt.  Many people are already preparing for this eventuality.  Taxing unrealized capital gains at death is on the table.  Maybe you think there are enough wealthy Democrats who won't support Bidens plan?
 If you plan to transfer those coins to your offspring, it might be better now than later; even before $70k - by the way, I like your prediction.  I'm all for 70k by May.

[Parazyd]

Good morning WO! Observing @ $54419.69

Lovely rollercoaster times, but obviously 2x is inevitable.

[shahzadafzal]

Give this man a cookie... NFT explained in plain English....

[Parazyd]

Give this man a cookie... NFT explained in plain English....

Perfection.

+1 WOs merit