Looks like capital gains works like income tax. You pay the higher rate only on the marginal amount in the higher bracket.
I'm wondering if this is going to turn into a nice v or u bottom (with a rebound to 6200). If it does, the chart is going to look a lot different than it did in the last bear market (and the bear market won't necessarily be over).
Topic: nrd525 Market Tracker - page 17. (Read 82745 times)
Hmm, it looks like my marginal income tax rate is around 90% for the amount I earned over 48k in 2018. I didn't realize that it moves all of my long term capital gains from 0% to 15% (AND I have to pay the obamacare penalty). So essentially I owe $10.5k taxes on 12k of income (over 48k) - or about 11k with state/local.
Is this new? Or has there always been an infinite marginal tax rate on capital gains for the $1 once you get out of the 48k bracket?
Very upset.
Or is this still true?
https://quarryhilladvisors.com/blog/can-capital-gains-push-me-into-a-higher-tax-bracket
Is this new? Or has there always been an infinite marginal tax rate on capital gains for the $1 once you get out of the 48k bracket?
Very upset.
Or is this still true?
https://quarryhilladvisors.com/blog/can-capital-gains-push-me-into-a-higher-tax-bracket
Bitcoin 5300 (it retraced the retrace - what is that called?). Bitcoin Cash doubled in the past 2 days LOL. BTC dominance down to 50.3%. No news of course.
Bitfinex premium (1-2% over bitstamp) is gone - Bitstamp currently ahead by $10.
Bitfinex premium (1-2% over bitstamp) is gone - Bitstamp currently ahead by $10.
April 2. 22% gain in 24 hours (4100 to 5080 on Bitstamp), mostly happened in 1 hour and then 40% pullback. Currently 4790.
Biggest bullish daily candle in percent terms since Feb 5, 2018. No news. Just a breakout of an ascending triangle (am I really writing TA?) and new highs.
Though I'm still bearish and expecting a full retracement. Still need 1) global recession and 2) alt-coins collapse further. If we managed to pull off a bull market before the next recession I'd be very happy to cash out (and to skip losing tons of money as we crash to 1k-2k), though not so happy that I'm under-invested.
Biggest bullish daily candle in percent terms since Feb 5, 2018. No news. Just a breakout of an ascending triangle (am I really writing TA?) and new highs.
Though I'm still bearish and expecting a full retracement. Still need 1) global recession and 2) alt-coins collapse further. If we managed to pull off a bull market before the next recession I'd be very happy to cash out (and to skip losing tons of money as we crash to 1k-2k), though not so happy that I'm under-invested.
Interesting!
...
I'm wondering if the relationship between the Google Search Trend for "bitcoin" and the bitcoin price is quadratic. Aka the price seems to be correlated to the square of the search trend (though very imperfectly).
...
I'm wondering if the relationship between the Google Search Trend for "bitcoin" and the bitcoin price is quadratic. Aka the price seems to be correlated to the square of the search trend (though very imperfectly).
Not much detail but the recent terrorist attack was by a bitconnect investor who made money on it!
https://www.ccn.com/christchurch-terrorist-invested-and-profited-from-crypto-scam-bitconnect
https://www.ccn.com/christchurch-terrorist-invested-and-profited-from-crypto-scam-bitconnect
I highly doubt that this is true. The manifesto of the Christchurch terrorist contains several memes and inside jokes
and many media outlets simply took everything in it at face value.
From the same article that you linked:
Quote
After revealing that video game Fortnite taught him how to be a killer, the gunman
disclosed that he has dabbled in cryptocurrency, writing:...
disclosed that he has dabbled in cryptocurrency, writing:...
The part that Fortnite taught him how to be a killer was 100 % not serious and yet CCN
ran with it anyway.
Another media outlet posted about his 300+ confirmed kills as a sniper when it was a known
copypasta of a meme from 4chan that has been around for several years. This dude never
was a sniper and never even was in Afghanistan.
I strongly assume that the part about Bitconnect was a joke as well.
Most media outlets that write about this apparently have a hard time distinguishing
the honest parts of the manifesto from the obvious trolls/memes and jokes.
Not much detail but the recent terrorist attack was by a bitconnect investor who made money on it!
https://www.ccn.com/christchurch-terrorist-invested-and-profited-from-crypto-scam-bitconnect
https://www.ccn.com/christchurch-terrorist-invested-and-profited-from-crypto-scam-bitconnect
Is there a good way to view historical reddit? I'd like to look at BitcoinMarkets at the last bubble peak and the bottom of the last bear market. Archive.org doesn't have it and I haven't been able to figure out the reddit url system.
Fundstrat has created some interesting indexes:
https://bitcoinexchangeguide.com/fundstrat-global-advisors-launches-fs-crypto-fx-to-track-cryptocurrency/
https://markets.ft.com/data/indices/tearsheet/summary?s=FSTOK250:NAS
https://bitcoinexchangeguide.com/fundstrat-global-advisors-launches-fs-crypto-fx-to-track-cryptocurrency/
https://markets.ft.com/data/indices/tearsheet/summary?s=FSTOK250:NAS
Bitcoin chart continues to look super bearish. I've kept my bids that I made months ago. So I've got bids from 3000 down to 1000. If we go to 1000, I'm going to lose a lot of money! (I made a chart of how much money I lose vs the price).
I wonder how much of an economic stimulus the US 2020 election is? Especially when you combine the impact of campaign spending with the larger fiscal stimulus that should come from the governments (state through federal)
I wonder how much of an economic stimulus the US 2020 election is? Especially when you combine the impact of campaign spending with the larger fiscal stimulus that should come from the governments (state through federal)
Bitcoin cash, Bitcoin gold, and Bitcoin diamond are all very roughly 97% off their peak. Though hard to measure as they had illiquid trading markets where you either couldn't deposit them or trade them. I recall selling my Bitcoin Gold at $360 (now $10) and my Bitcoin Diamonds at $20ish (now 60 cents). Also it depends how you count the Bitcoin Cash fork.
By contrast, Bitcoin is down a mere 83%.
I've decided that DUMPlings are my bear market food of choice =) Especially Asian ones (I'm vegan too so that limits the selection, but fortunately we've got some good vegan Asian food in our local stores).
By contrast, Bitcoin is down a mere 83%.
I've decided that DUMPlings are my bear market food of choice =) Especially Asian ones (I'm vegan too so that limits the selection, but fortunately we've got some good vegan Asian food in our local stores).
Will bitcoin drop below $1k in 2019. 34% Yes.
https://www.betfair.com.au/exchange/plus/financial-bets/market/1.153102227
https://www.betfair.com.au/exchange/plus/financial-bets/market/1.153102227
Very interesting way to measure market sentiment. How would you apply this to the market? Or put another way, what % would you expect to see if we had already hit the bottom?
At this point, I'm expecting a plunge into the $2,000s without any specific target. The support is the 200-week MA and the $3,000 area. Ideally, the market will capitulate below support then spring back above. I don't remember any significant long term bottoms that didn't coincide with a V-bottom.
Pay vendors for 49 cents USD using ACH.
https://www.bill.com/product/pricing/
I'm surprised that someone hasn't taken on Paypal and the credit cards in a bigger way for payments. As centralized payments (with a trusted central party) are probably the way to go.
https://www.bill.com/product/pricing/
I'm surprised that someone hasn't taken on Paypal and the credit cards in a bigger way for payments. As centralized payments (with a trusted central party) are probably the way to go.
Will bitcoin drop below $1k in 2019. 34% Yes.
https://www.betfair.com.au/exchange/plus/financial-bets/market/1.153102227
https://www.betfair.com.au/exchange/plus/financial-bets/market/1.153102227
Epic pump in the past 24 hours. 30 cents -> $10.
https://coinmarketcap.com/currencies/paragon/
https://coinmarketcap.com/currencies/paragon/
Altcoins have the advantage of new coins adding to their marketcap, which is an unfair advantage if you are using the marketcap as a metric.
If you look at the original/oldest altcoins, they all died in 2014/2015 Notably Litecoin. Bitcoin held a 80%-90% market share from Dec 2013 until Dec 2016, despite the creation of hundreds (?) of altcoins. XRP was the big exception of 2015, but they limited their supply and had very low trading volume.
How about the 9.5% Christmas Eve dump (as of 11pm EST)?
Christmas could be interesting.
If you look at the original/oldest altcoins, they all died in 2014/2015 Notably Litecoin. Bitcoin held a 80%-90% market share from Dec 2013 until Dec 2016, despite the creation of hundreds (?) of altcoins. XRP was the big exception of 2015, but they limited their supply and had very low trading volume.
How about the 9.5% Christmas Eve dump (as of 11pm EST)?
Christmas could be interesting.
BCH up 50% in the past 24 hours. I tend to agree with Tone Vays (though not as vehemently) that we won't see the end of the bitcoin bear market until alt-coins aren't pulling off these shenanigans. He thinks they will die, I think a lot of them are going to live and/or decline a lot slower than he expects.
It's easy to feel that way taking a bird's eye view of the altcoin market. But altcoins never stopped pulling those shenanigans throughout 2014 and 2015 and the bear market still ended. So I'm skeptical about that condition.
I expect Tone Vays to remain bearish way longer than he should.
I was thinking 8k+ as my first sell order for the next 1-3 year bull market (it could bounce that high, but if it does it will start to look like the beginning of the new bull market as least to me). Because one of these times the bull market is going to be a dud. Bubbles aren't guaranteed.
BCH up 50% in the past 24 hours. I tend to agree with Tone Vays (though not as vehemently) that we won't see the end of the bitcoin bear market until alt-coins aren't pulling off these shenanigans. He thinks they will die, I think a lot of them are going to live and/or decline a lot slower than he expects.
BCH up 50% in the past 24 hours. I tend to agree with Tone Vays (though not as vehemently) that we won't see the end of the bitcoin bear market until alt-coins aren't pulling off these shenanigans. He thinks they will die, I think a lot of them are going to live and/or decline a lot slower than he expects.
Nice bounce ($4170). I still think we're going down to the $2000s, but I'm also not selling at this price. Hmm, I should setup some sell targets. Maybe starting at 8k.
So you think we're in a mid-term bounce, heading to $8K+? That seems reasonable. Where's the top of your selling range?
After such a steep bear run and trapping so many shorts, a push to the 200-week MA seems appropriate for maximum pain. I imagine there is a treasure trove of stops to run near $6K+, so anything $8K-$10K seems like it might be on the table.
Then probably more bear.......
Nice bounce ($4170). I still think we're going down to the $2000s, but I'm also not selling at this price. Hmm, I should setup some sell targets. Maybe starting at 8k.
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