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

[ChartBuddy]

Explanation

[shogun47]

The wash sale rule is actually quite a valuable rule for tax planning and in my opinion has been very helpful in the crypto space and was also an incentive for people to go into crypto as the rule already applies to stocks and bonds. Now he wants to double the tax on capital gains from 20% to 39.6%, which is massive and he wants to extend the wash trading rules from traditional markets to crypto as well. That would mean no more strategic loss realization, which is bad news especially for highly volatile markets.



Lots of resistance is expected in from the Congress though, let's hope that this does perhaps not get through but since traditional markets are already affected, chances are pretty much zero for the crypto scene I guess.

The market has already reacted to that proposal, 21,700

[ChartBuddy]

Explanation

[ChartBuddy]

Explanation

[ChartBuddy]

Explanation

[ChartBuddy]

Explanation

[BitcoinBunny]

Covid again....

 

[ChartBuddy]

Explanation

[shahzadafzal]

We Really Are Still Early...

In an hypothetical scenario let's suppose bitcoin takes over everything and it's takes 24 hours to do. With this perspective bitcoin started just 38 seconds ago.

Wow this new logic came to me just now while sh*tting... I never knew i was this good at math


https://www.reddit.com/r/Bitcoin/comments/11miaks/we_really_are_still_early/

[ChartBuddy]

Explanation

[BitcoinBunny]

We Really Are Still Early...

In an hypothetical scenario let's suppose bitcoin takes over everything and it's takes 24 hours to do. With this perspective bitcoin started just 38 seconds ago.

Wow this new logic came to me just now while sh*tting... I never knew i was this good at math


https://www.reddit.com/r/Bitcoin/comments/11miaks/we_really_are_still_early/

Hard to get exact figures but let's say that 20% of all BTC in ownership is held by Americans (it's probably less right?) and let's imagine they can really tax 40% capital gains on it all starting from now. That would give them a tax windfall of $72 trillion based on their share of the $900 trillion.

Given that current government debt is over $30 trillion, I bet by the time BTC has "taken all", the USA could not even pay off its debt with that enormous tax windfall.  

Insane!

[Lainta]

JUST IN: 🇺🇸 FED Chair Jerome Powell says no one should assume the Fed can protect the economy in a debt default ‼️ 😳

https://twitter.com/BitcoinNewsCom/status/1633514798360010759?t=iZ7n2V57GZzaMlpCKZo-fw&s=19

[ChartBuddy]

Explanation

[elevates]

Who else can be responsible? Everything associated with his business is the reason for this market crash. He is busy enjoying his time with pizza and whatnot others who had invested money in his business are not on the verge of killing themselves. The best part about this situation is that the government was all the way promoting him as a scammer.

[Hyperjacked]

22k $ looks like a nice reentry with limited downside risk imho… we could see 21,600 imo but I’ll buy these levels and strong buy at 21,600 if this continues.
 Hey Jay, not smug like the 17$ bottom… just having fun and trying to be humble knowing that Bitcoin has and will humble us all eventually 

I am not sure what you mean.

Are you saying that $21,600 is likely a decent bottom, but you are not exactly sure about the odds?

How could anyone (who has been studying the space) say anything else?  I know that there are guys with decent confidence that the bottom is not yet in.. so far $15,479 .. but gosh, I have hardly any clear vision regarding how, on a personal level, I am supposed to assign the odds.   I do agree that it is too early to proclaim that we are "out of the bear market," so from my thinking if we are "not out of the bear market" then that merely means that the odds for down are greater than the odds for up, but still does not mean that the odds for lower than $15,479 would be greater than 50%.. so maybe 40% at best.. but I still am lacking in confidence in regards to how to frame the overall picture (of odds for both up in down) in order that they add up..

I suppose that I could go back to my earlier post on the topic (that was revised December 16, 2021 and May 19, 2022) and attempt to revise it.. even though I am thinking that it would be a bit of a waste of time to go through such a process.. it would likely not help me in terms of changing any of my orders or anything (so why should I do it?  to help someone else?  I am not even sure if it would be helpful for anyone else beyond what I already did.. so people can go through their own calculations if they believe it to be potentially helpful... they can even use my earlier framing, if they consider that to potentially be helpful).
[/quote]

Yeah one can never be exactly sure of a bottom… it doesn’t really matter if Bitcoin drops below 21,600 since I went all in at 17k$ Sold at around 24k$
Have a good day Jay

[BitcoinBunny]

Who else can be responsible? Everything associated with his business is the reason for this market crash. He is busy enjoying his time with pizza and whatnot others who had invested money in his business are not on the verge of killing themselves. The best part about this situation is that the government was all the way promoting him as a scammer.

That whole Maxine Waters blowing him a kiss seemed weird. Definitely some back room deals went on.

Like the fake story we now got about Nordstream, it seems the US prosecutors only acted when they could see people starting to talk truths online.

I bet SBF will eventually be let off with minimal repercussions to himself physically and financially even though the new CEO of FTX said what he did was worse than what happened with Enron.

[xhomerx10]

Who else can be responsible? Everything associated with his business is the reason for this market crash. He is busy enjoying his time with pizza and whatnot others who had invested money in his business are not on the verge of killing themselves. The best part about this situation is that the government was all the way promoting him as a scammer.

That whole Maxine Waters blowing him a kiss seemed weird. Definitely some back room deals went on.

Like the fake story we now got about Nordstream, it seems the US prosecutors only acted when they could see people starting to talk truths online.

I bet SBF will eventually be let off with minimal repercussions to himself physically and financially even though the new CEO of FTX said what he did was worse than what happened with Enron.

 Bankman-Fraud must have directed a hefty sum of money at Waters that she would even risk being seen blowing kisses at him.
 

[ChartBuddy]

Explanation

[BitcoinBunny]

Lol

 

BREAKING : Previously Unseen January 6th Footage
https://twitter.com/stevenvoiceover/status/1633218199981375489

[elevates]

Who else can be responsible? Everything associated with his business is the reason for this market crash. He is busy enjoying his time with pizza and whatnot others who had invested money in his business are not on the verge of killing themselves. The best part about this situation is that the government was all the way promoting him as a scammer.

That whole Maxine Waters blowing him a kiss seemed weird. Definitely some back room deals went on.

Like the fake story we now got about Nordstream, it seems the US prosecutors only acted when they could see people starting to talk truths online.

I bet SBF will eventually be let off with minimal repercussions to himself physically and financially even though the new CEO of FTX said what he did was worse than what happened with Enron.

 Bankman-Fraud must have directed a hefty sum of money at Waters that she would even risk being seen blowing kisses at him.
 

The lowest Bitcoin went after 2017 was in 2019 and it was on February 7, 2019, when the USD value was $3,384.91. If I am not correct then I apologize. Considering the present situation I do not think that Bitcoin will go down so much but ironically it is going down. I think it will hit the biggest low after 2019.