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

[strawbs]

Regarding, your assertion that they can just print more money.. that's nonsense and you know it.

It is, and I do (you got me - I don't really believe in the point I was making but that's not a reason not to make it). But I think you also understand my more general point: taxation being seen to be unfair whilst money is being created from nothing.

[1714044188]

1714044188

[1714044188]

1714044188

[1714044188]

1714044188

[ChartBuddy]

Explanation

[Arriemoller]

Not the Dutch government: HODLing is taxed, selling only gets you questions from your bank.

Wow. Wtf. How does that work? You buy at 1k and it grows to 100k and if you don't sell then you owe taxes on that 100k? What if next year it goes from 100k to 1k? Do you get your taxes back?

It doesn't matter if you sell or not, anything you own is taxed each year by up to 1.76%. That's great if you gain a lot in one year, but it drains your funds in the long run.

Seriously, nobody living in places with unfair tax laws should sell themselves out to their government by linking KYC or info on their crypto assets.

As long as you don't sell yourself out and don't link your purchases to yourself, your bags stay hidden. Thats the very point of Bitcoin.

The problem with that is: you can't ever enjoy your money if it's hidden and the value gets high enough. You can't answer the questions you get when you pay a Lambo in cash.

So it's a wealth tax on goods worth more than 50 000 euro if I understand it correctly?

We used to have something similar, but it was scrapped together with inheritance tax and gift tax in 2005, when the government realized that it was counterproductive.

[Arriemoller]

I'm of to bed to read a book.
Stay safe guys.

[BitcoinBunny]

The Dutch tax system + the lack of affordable detached houses are the main reasons I moved back to the UK. 1 thing I could never go back to is living in a house straight next door to other people and hearing them take a dump in the middle of the night. 

It's not necessarily paradise here in the UK but anything worse just becomes a bit of a joke in my opinion. I saw what was happening over there quite some time ago and with the recent mega pump in house prices in The Netherlands I wonder how most people afford a decent place to live, if you don't want to have a spouse especially.

And the thieving tax bastards in The Netherlands have STILL not formed a government 9 months after the election.

That would never happen over here in the UK btw.
1 week here and people become unaccepting of the situation / validity of those in charge.

The Netherlands is a bit weird in that sense.

[Arriemoller]

Oh I forgot, I also got a new medal today, a medal I already have, sort of.
It used to be a badge but now it has been elevated to a medal and you can't wear the old badge anymore so I had to buy the new version, yes buy, the cheap bastards only give them to those awarded it in the future.
I'll show you a picture tomorrow.

[JayJuanGee]

Regarding, your assertion that they can just print more money.. that's nonsense and you know it.

It is, and I do (you got me - I don't really believe in the point I was making but that's not a reason not to make it). But I think you also understand my more general point: taxation being seen to be unfair whilst money is being created from nothing.

Personally, I do not find the whining about taxes and government to be a very convincing approach.. even though it is quite popular and I suppose that it has its place... and these surely can be evolving topics too, because sometimes I do find myself making arguments that I thought that I would not be making - so we are surely living in confusing times, and even with some of the corona bullshit, it is so damned strange to see so many people wearing masks outside.. and gosh kids seem to be controlled a lot in this regard.. so I really did hate school, and I wonder if I would have hated it more if there were masks back in my day.. or if I would have ended up going along with it.. just so difficult to say because it is sometimes hard to put yourself back into earlier times..and just some of the distrust of strangers and the ways that the alienating of people from others can end up being used against people in terms of implementing policies that are not really in the interest of the people... whether we are referring to monetary policy or social justice issues.. and Jesus I have frequently thought that social justice issues were ways to create division and even to distract from government economic policy issues, and surely we are all over the place with governmental involvement in various areas of identity and individual rights and privacy and surely is frustrating for almost anyone no matter which sides of the issues.

[strawbs]

Regarding, your assertion that they can just print more money.. that's nonsense and you know it.

It is, and I do (you got me - I don't really believe in the point I was making but that's not a reason not to make it). But I think you also understand my more general point: taxation being seen to be unfair whilst money is being created from nothing.

Personally, I do not find the whining about taxes and government to be a very convincing approach.. even though it is quite popular and I suppose that it has its place... and these surely can be evolving topics too, because sometimes I do find myself making arguments that I thought that I would not be making - so we are surely living in confusing times, and even with some of the corona bullshit, it is so damned strange to see so many people wearing masks outside.. and gosh kids seem to be controlled a lot in this regard.. so I really did hate school, and I wonder if I would have hated it more if there were masks back in my day.. or if I would have ended up going along with it.. just so difficult to say because it is sometimes hard to put yourself back into earlier times..and just some of the distrust of strangers and the ways that the alienating of people from others can end up being used against people in terms of implementing policies that are not really in the interest of the people... whether we are referring to monetary policy or social justice issues.. and Jesus I have frequently thought that social justice issues were ways to create division and even to distract from government economic policy issues, and surely we are all over the place with governmental involvement in various areas of identity and individual rights and privacy and surely is frustrating for almost anyone no matter which sides of the issues.

Sure. Perhaps a better way to put it would be to say that I wouldn't mind paying my fair share of taxes if (when?) bitcoin replaces fiat in the economy and I am taxed in bitcoin. Then I would know that my taxes couldn't just as easily have been raised from a money printer; and that they cannot be inflated away.

[Tash]

That would never happen over here in the UK btw.
1 week here and people become unaccepting of the situation / validity of those in charge.

The Netherlands is a bit weird in that sense.

I guess Northen Ireland is not part of the UK in your book
10 Jan 2020

Northern Ireland has now had three years without a functioning government.

https://www.bbc.co.uk/newsround/38648719

[vapourminer]

I am happy to pay taxes because I know my government will give back to the people. But if my government starts going crazy and starts killing innocent people or putting them into camps, I will keep my funds out of their pockets. 

i get what youre saying, but that strategy just might get you into one of those "camps" you speak of.

i hate taxes as much as the next guy and especially some of what my gov finances with them, but here in the "Land of the Free" (USA) my freedom would end real fast if i messed with the IRS.

[ChartBuddy]

Explanation

[BitcoinBunny]

That would never happen over here in the UK btw.
1 week here and people become unaccepting of the situation / validity of those in charge.

The Netherlands is a bit weird in that sense.

I guess Northen Ireland is not part of the UK in your book
10 Jan 2020

Northern Ireland has now had three years without a functioning government.

https://www.bbc.co.uk/newsround/38648719

Touché.

Was devolution worth it if that is the outcome?

Money for old rope.

Furthermore I firmly believe devolution mostly came about to try to keep the Scots happy. The only thing it has in fact led to is more desire to be fully independent rather than less.
In that sense it can be regarded as yet another government failure.

Perhaps the Scots will still break away. What will happen to NI and Wales will be interesting at that point.

It's all a gigantic money wasting mess, that's for sure.

All these layers of government and still imbeciles in charge.

[goldkingcoiner]

I am happy to pay taxes because I know my government will give back to the people. But if my government starts going crazy and starts killing innocent people or putting them into camps, I will keep my funds out of their pockets. 

i get what youre saying, but that strategy just might get you into one of those "camps" you speak of.

i hate taxes as much as the next guy and especially some of what my gov finances with them, but here in the "Land of the Free" (USA) my freedom would end real fast if i messed with the IRS.

Doesn't sound like freedom to me, friend.

Of course you would refuse to join the slaughtering and get sent to the camps anyway. In which case, your bank account and fiat would get seized and the money would be used for bombs and bullets. They can't do the same with Bitcoin.

Bitcoin macht frei.

[Phil_S]

time to revisit this prediction from page 27069:

Dec 9th 2021 $261k

sigh...  

[vapourminer]

time to revisit this prediction from page 27069:

Dec 9th 2021 $261k

sigh... 

well its not technically the 9th here in my timezone so all it needs to do is rise a mere $210k USD in the next few hours

ye of little faith.... sigh

[serveria.com]

time to revisit this prediction from page 27069:

Dec 9th 2021 $261k

sigh...  

OMG that would be one huuuuuuge green dildo! 

[ChartBuddy]

Explanation

[Phil_S]

also from that old page:

Currently an basic Aventador has a MSRP of $421,145 or 35.85 bitcoins. When the price of a Lambo goes to 1btc then call me. When it gets to 10btc we can say bitcoin is "going up".

about 8 btc these days...

[LFC_Bitcoin]

time to revisit this prediction from page 27069:

Dec 9th 2021 $261k

sigh...  

$261,000 is coming, just not yet. We’ll see it before 2030, I’m pretty certain of that. Might even see it after the next halving so some time in 2025.

[bitserve]

I honestly don't mind paying my fair share of tax. Can't be greedy now. Just a heads up to all in the uk

I very much mind paying any tax to such fuckers, when instead the government could just print some more fiat from fresh air. In fact, when a government can magically create money from nothing whenever it wants, it makes me question why I've been paying taxes my whole life.

Uh? To pay for all the money that is being printed. It's not gonna pay itself, you know.