Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 2259. (Read 26623495 times)

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

Explanation

Looks like you are gonna get this chance soon, and that is going to be probably around 21k lower half.
For the average costing figure, your recent DCA might play a good role.
 

Explanation

Explanation

Why US Govt transfer Silk Road Sezied BTC to Coinbase?

Several online magazines and newspapers, including Cointelegraph published a story yesterday about the US government's action on "Silk Road" seized bitcoins. The news mentioned, US justice department Sezied more than 50000 BTC (Current value $1B) from Darknet Market (Silk Road) but The US government is moving most of the bitcoins into different wallets. On March 8th, some new wallets are moving these bitcoins. If the US government removes a large portion of these bitcoins for sale, will there be any negative impact on the bitcoin market?



Coinbase wallet 9861 BTC
One wallet 30000 BTC
Other wallet 9000 BTC

Silk Road founder Ross Ulbricht was sentenced to two life + 40 years in prison for his various criminal activities. One thing is that if the government sells all the bitcoins seized from him, is there any possibility of him being prosecuted?

CT news: https://cointelegraph.com/news/silk-road-bitcoin-for-sale-us-government-linked-addresses-transfer-1b-in-btc

+1 WOsMerit



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#haikuriposte

when do I haiku?
its random..need no reason
sometimes anyway

but a haiku block
it does not get better yes?
put him in his place

doubtful he haiku's
thats just my opinion man
buddy can take it

Explanation

waiting for 20k dip to set up.

I got a dca and a 21k dip buy today.

Hi buddy,
so this is the road to finally get 10K?
Ok, I'm prepared for your deep red dildo.

Explanation

Philip isn't here
Mighty streak of rebellion
ChartBuddy calm down





#haiku

Explanation

Explanation

Explanation

Literally a bag of dicks. I would love nothing more than to have an entire stash of these to hand out to people instead of telling them to eat a bag of dicks.

I think that I agree with your attempt to direct the idea of DCA salad daging, and one of the issues with the BTC price bouncing around within a certain kind of a range for a long time, there could be times in which we have already allocated a decent amount of coinz within this particular price range (and surely that is up to us regarding how to figure out the extent to which the quantity of coins that we have accumulated in and about these price ranges is "good enough for now" versus if we might want to consider to either employ more capital or to hold back on the capital "in case there is a further dip" so surely, we may well be in a better position to just "wait it out." if we feel that we have accumulated a lot of BTC in this price range (and even in lower prices), so we might not perceive ourselves to be getting a lot of value by continuing to accumulate within this price range.

Surely, we could also end up having regrets if the BTC price goes up and then it fails to go down further, then we might end up "kicking ourselves" because we then come to realize that we "could have picked up some more corn" in that price range.. so yeah, it can be a gamble an there can be a lot of dilemmas that are having difficulties working themselves out since we have spent a quite a bit of time passing through this price range in the past 8-9 months.. and surely having a cashflow for those 8-9 months could contribute towards our reaching an assessment that differs from another person who might have already transitioned into mostly living off of the income or a regular draw upon his/her assets (bitcoin and/or other assets).

For a no coiner or a low coiner, I would suggest that it should be a bit of a "no brainer" in regards to attempting to employ a kind of full force DCA that does not really attempt to second guess whether BTC prices might go lower.. especially given where the BTC price is at historically speaking.. and surely there are a lot of low coiners/no coiners that exist in the world - even though they might not even be sufficiently aware of their own status as no coiner/low coiner.. and they may wll not even realize that they are a "precoiner," so those of us who are recognizing the value and benefits of figuring out how many coins we want to get and how aggressive/assertive that we believe that we want to be should be in a much better position than those "precoiners" who do not realize their status..

hahahahaha.. and even some of the low coiners do not realize that they are low coiners either.. . .low coiner might be considered a kind of precoiner.. based on information asymmetry.. and/or failure/refusal to either study bitcoin adequately or to take adequate and sufficient actions to prepare for UPpity.

Explanation

FTFY


Not so soon..



You party poop!!!!!


 


STAWP  cheering UR lil selfie for DOWNity.




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).