Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 2307.

BitcoinBunny

legendary

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Far, Far, Far Right Thug

Quote from: shahzadafzal on March 09, 2023, 06:57:59 AM

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. Cheesy

Insane!

ChartBuddy

legendary

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shahzadafzal

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

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

ChartBuddy

legendary

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BitcoinBunny

legendary

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Far, Far, Far Right Thug

Covid again....

Roll Eyes

ChartBuddy

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ChartBuddy

legendary

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ChartBuddy

legendary

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Explanation

ChartBuddy

legendary

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shogun47

hero member

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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

ChartBuddy

legendary

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Hamza2424

legendary

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#SWGT CERTIK Audited

Quote from: philipma1957 on March 08, 2023, 09:33:57 PM

Quote from: d_eddie on March 08, 2023, 08:40:45 PM

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.

ChartBuddy

legendary

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ChartBuddy

legendary

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jojo69

legendary

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diamond-handed zealot

LDL

hero member

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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

Toxic2040

legendary

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Quote from: d_eddie on March 08, 2023, 08:40:45 PM

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

ChartBuddy

legendary

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