Topic: Bitcoin 10.000$!!!! What's Next? - page 12. (Read 3473 times)

Whales have the power of course therefore when the price move down we have to be calm and believe that it will rise again, whales wants to take advantage of their power to continuously make money so there is no reason to end up their journey soon and just cash out everything they have because for sure there are a lot of buyers who also want to own bitcoin.

The whales have great power over the price of bitcoin and if they decide to make a dump, the price would go down and follow suit. Their actions are made to their advantage, so it’s favorable to them. They’ll make a dump when they want to buy BTC at a low price and profit. It would still make an impact but as said, the price will just continue to rise even so.

The increasing popularity of bitcoin has contributed greatly to the rise of price now, and this will jist continue for the years to come.

With all of Bitcoin's advantages, 20k$ is the next target in 2018 . In 2020, it could be 50k$

No its not like that, maybe the holders can play a great role in BTC's price but I think even if a whale dump all his BTC's, it will just create a wave and then the price will rise up again. The price is surging not because of the holdings/holders anymore but because of the demand now. If you will read some news the adoption is getting bigger and the adoption is getting wider. That means BTC will rise even if the so called whales will dump their coins. The only way is the moon.

I think, the fact that it dumped from $11 000 to $8 000 then after some time it just pumped back quickly to $11 000 means that it will be worth holding for a quite some time now. A lot of people are expecting it to reach the price of $15 000 at the end of the year and I think it has a high possibility happening.


We still got a few weeks reaching that price but still if that price was reached in the span, there will be more pumps that will happen in the upcoming year, and we can say that this year is the most amazing year for bitcoin despite the things that happened affecting the bitcoin negatively.

The price of bitcoin is keep on going up and even though the price of bitcoin reaches $11,000 then it is still not the best price to sell because it is better to just keep it for long term and hope for the best for the price in the next few years. If you will keep on holding bitcoin for the next few years, i think that the price can go up to $100,000 and that will result for a huge profit for you.

I take your point...But as price of crypto and BTC goes up..especially at this rapid pace as this year...the below is my problem...on moving crypto of any flavor or BTC to fiat/cash

and as price accelerated upward and I hoard etc...It likely will get more weird....


My issue is more with IRS and tax man and capital gains etc. I mean BTC has gone up 11x this year. $11,000.00 BTC as I type this.

Thus the issue is NOT exchanges, for me anyway and some of the oldsters into crypto, it is how much can I take out of my BTC hoard w/o getting creamed by 40% capital gains (if less

then 1 year and 1 day) and 20% capital gains (if more than 1 year and 1 day). In the USA NO capital gains on 1st 10k and 15% for next bump up to 35k etc (see chart below)

http://www.livefreemd.com/wp-content/uploads/2017/03/2017-Tax-Rates.jpg

As I am retiring at the end of this year (I can retire on my 'somewhat dubious lifestyle now', w/o crypto, with crypto as a backstop am now brave enough to do so anyway,

even if I never touch the crypto......made me braver) thus the chart has more significance on the 1st 35k capital gains taxes..in that I'm starting from 0 (or what I mine yet in 2018)

Job for me (unlike you guys) I would not be adding JOB income to the above chart. Most of you will,  add your job income, on the above crypto figuring. I don't. FYI.

Also, as far as I'm aware....the tax rates are correct...but the money you get DOES up your gross tax bracket also ..thus you can add more %%% to the above

the chart on your gross tax rate as you withdraw...so IRS etc is not big on windfall profits connected to windfall withdrawals as you can see the chart bases the %

on your income. Thus you pop up your income by the withdrawals even using the above chart....and blamo...a bit more %%%'s added to the amount.

(others better versed than myself in USA tax law 2017 ..hopefully, tax experts ..feel free to jump in..but how I think it works..in a gross/rough layman's kinda viewpoint)



Windfall withdrawal of the massive amount of $$$ on any investment...is kinda frowned upon by the tax code. You are 'supposed' to make the kinda returns we have made

in crypto and BTC over DECADES and then withdraw MODESTLY in our latter years....

thus my real issue is getting it out at above 35k w/o getting creamed by capital gains as a reflection of my income (still mining)

oh well, worse reasons to bitch I guess then this,

but that is my major problem..not exchange issues...(then again I'm practically a traitor on here and use Coinbase)

This will be a problem for more than just me, and other oldsters to bitcoin and crypto in the coming years...if the price continues to go up in the manner most pundits and

proponents of crypto and Bitcoin state now... Again not a bad problem to have, but if this all shakes out upward and onward..it will be a chokepoint on exchanging

some of your crypto into $$$ well into the future. (death and taxes...you can't avoid either)

Some people sell bitcoin  when the bitcoin price reaches $ 10,000. Some people invest late when the bitcoin price reaches $ 10,000.

I can not judge in the actual market . It is hard to know what will happen next

That will be a mistake if they will sell their bitcoin now because if they do that they will might miss the opportunity if the bitcoin will reach more than $11,000 before this year will end except if they are so sure that bitcoin value will go down that they will sell high then buy low again. They should sell their coin only if really needed for some very important things.

Slowly investors are acquiring BTC as a mode of commodity or investment because these guys are forward thinkers, even tho' they are criticizing BTC these guys are buying a lot of it behind closed doors.
Remember the billionaire Novogratz have said?
There May Be a Bubble in Bitcoin, But Bitcoin Itself Isn’t a Bubble
- Novogratz
These piece of technology is a work of art that it is close to perfection and this might even dethrone gold in the next few years. Those people who are not educated enough are saying that BTC is a bubble but when you look close enough and understand its concept, it is not bubble it is adoption.

bitcoin is a magic investment, look at thousands of rich people with only a short time.
then what else we want to discuss about this mess.

The only cautionary tale I might make on this is the group before in BTC and crypto up until say Jan 2017....we have seen a lot of FUD/drama/price dumps/etc and are still in the race

the massive amount of newbies have not been 'bloodied' yet by such and are NOT In crypto for some of the reasons us oldsters are...mostly they are in for the $$$ IMHO, and not the protocol

or replacement of traditional finance in some manner etc


thus when there is a correction...of some kind FUD wise or otherwise or an exchange chokes again etc ...all this money from Jan 2017 that went into crypto could flow out just as
 
fast (in the short term in my view) due to panic etc

Bitcoin and crypto is an unregulated market..thus like the 1880's thru 1930's  there will be the equivalent of bank runs and crashes etc...if you HODL it will be fine....but some

of the new money and newbies coming in are gonna get bloodied by this yo/yo up/down/crash/fud/despair/fomo action....so proportionally a lot of newbies..but proportionally

many of them are gonna panic like any other masses in any other fiat or bank crash

prepare for it and Hodl

after such happens, IMHO, after being bloodied....the will come back into the market wiser and in the long run..it will be good....but too many folks out there still learning

and buying the press FUD on every downturn..it may take this mass of new folk this year into BTC and crypto a year to come to terms how fast stuff here can flip in price

and perception from month to month....learning curves suck!

anyway, what I'm planning on..if I'm wrong I will be pleasantly surprised...if I am right....I'll just ride it out as usual......but the new folk....they to shall learn like us

pre-Jan 2017 folk.....it's a roller coaster...deal with it

Bitcoin will continue increasing in value,  the demand and popularity will increase as well. Altcoins like etherum will get a slight increase in value too. Cryptocurrencies may be the most traded asset in the stock market. It will become more stable in the near future too.

Wow!

How I feel about $11,000.00 BTC!

(or how we in the crypto world...pulled a fast one on the banks!)








Video:


https://www.youtube.com/watch?v=-xtBP6M8H4Y

Of course, the community will expect more rather than of expecting bitcoin price  will fall down.  I know this is not the perfect time to say bitcoin will stay forever but I could feel that it will stay for us for a long time.
The great journey of bitcoin will surely go further and everyone will recognized this amazing trend.

There are a lot of ~what if~ but the truth is that Bitcoin keeps going forward so all the indicators show that cryptocurrency is in the right direction, let's hope that there will be no junction or something similar.

my opinion is next year bitcoin will get double next year so be ready to earn bitcoin as much as possible. do not exchange your bitcoin that is only 10k value because be ready for the next year for more explosive news about bitcoin

- They are already doing it and the percentage will grow day by day. However, there is a threat of sudden fall but it's likely not to happen in a short period of time.


- Same answer, Bitcoin gained monetary value in last few years but recently we are actuality using its utility value in order to serve the prime motive of Bitcoin. We can store values in it and now we are starting exchanging the values using it without converting it into any other currency.


- That's what core area of Bitcoin is all about. Bitcoin is a payment system and gains from the speculation activities is a by-product cum reward of the process.


- Things are still in the development phase but sudden surge rallies like current one divert the attention towards it but considering the growth of it in next few years, I do see actual usage of Bitcoin on the ground level till then let accusers label it as a bubble.

The next thing will be slight drop because price of bitcoin is really high and this is profit time and the thing that is making investors to hold their coin is they are waiting for more pump and if it will not happen in coming two or more days then there will be selling in the market and price will be come down a bit but will never drop down from 9500$ and the time to buy will be coming so gather the money to invest and earn.

Hmmm…I don’t know where I’m really siding, some will say it is not a bubble and some will say it is a bubble. I won’t say it is a bubble, neither will I say it is, it’s left for you all to decide that for yourself. But something that keeps on going up to such rate on such speed? Hmph. I don’t think it will end with $10k, it will still be going up, maybe $15 or $16k before the year ends.