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Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 2279. (Read 26664629 times)

member
Activity: 227
Merit: 38
Bisq Market Day - March 20th 2023
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
legendary
Activity: 1526
Merit: 2617
Far, Far, Far Right Thug
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 Smiley


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.  Cheesy

Insane!

legendary
Activity: 2380
Merit: 1823
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
copper member
Activity: 1526
Merit: 2890
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 Smiley


https://www.reddit.com/r/Bitcoin/comments/11miaks/we_really_are_still_early/
legendary
Activity: 2380
Merit: 1823
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
legendary
Activity: 1526
Merit: 2617
Far, Far, Far Right Thug
legendary
Activity: 2380
Merit: 1823
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
legendary
Activity: 2380
Merit: 1823
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
legendary
Activity: 2380
Merit: 1823
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
legendary
Activity: 2380
Merit: 1823
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
hero member
Activity: 1708
Merit: 553
Play Bitcoin PVP Prediction Game
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. Sad

The market has already reacted to that proposal, 21,700 Sad
legendary
Activity: 2380
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legendary
Activity: 966
Merit: 1042
#SWGT CERTIK Audited
Philip isn't here
Mighty streak of rebellion
ChartBuddy calm down





#haiku

waiting for 20k dip to set up.

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

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.
 
legendary
Activity: 2380
Merit: 1823
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
legendary
Activity: 2380
Merit: 1823
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
legendary
Activity: 3388
Merit: 4775
diamond-handed zealot
LDL
hero member
Activity: 742
Merit: 671
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
legendary
Activity: 1834
Merit: 4197
Philip isn't here
Mighty streak of rebellion
ChartBuddy calm down





#haiku


+1 WOsMerit



--------

#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
legendary
Activity: 2380
Merit: 1823
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
legendary
Activity: 4354
Merit: 9201
'The right to privacy matters'
Philip isn't here
Mighty streak of rebellion
ChartBuddy calm down





#haiku

waiting for 20k dip to set up.

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