Explanation
Chartbuddy thanks talkimg.com
Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 263. (Read 26498263 times)
September 01, 2024, 06:01:17 PM
September 01, 2024, 05:01:17 PM
September 01, 2024, 04:01:19 PM
September 01, 2024, 03:15:32 PM
Hey, maybe it's wealthy British peeps who are driving bitcoin down?
https://www.msn.com/en-us/money/personalfinance/ar-AA1pMdyP
I guess all sells before the announcement would be under the old CGT "regime", right?
This would be worse if Kamala Harris wins the election. https://www.msn.com/en-us/money/personalfinance/ar-AA1pMdyP
Quote
Wealthy individuals and entrepreneurs are already fleeing Britain as fears grow over a raft of tax rises in Rachel Reeves’s first Budget.
An exodus is being reported by bankers, financial advisers and business chiefs with experts warning that the Chancellor risks ruining hopes of faster economic growth with a widely expected increase in capital gains tax (CGT)...He said: “There is definitely a cash flow advantage to the Government in allowing all these transactions to go ahead over the next couple of months because they get their tax sooner rather than later.
“The uncertainty now is just creating this insane period where people are triggering gains that they wouldn’t otherwise trigger for maybe many years.”
An exodus is being reported by bankers, financial advisers and business chiefs with experts warning that the Chancellor risks ruining hopes of faster economic growth with a widely expected increase in capital gains tax (CGT)...He said: “There is definitely a cash flow advantage to the Government in allowing all these transactions to go ahead over the next couple of months because they get their tax sooner rather than later.
“The uncertainty now is just creating this insane period where people are triggering gains that they wouldn’t otherwise trigger for maybe many years.”
I guess all sells before the announcement would be under the old CGT "regime", right?
Investment would seem like something only the gutsy do.
September 01, 2024, 03:01:16 PM
September 01, 2024, 02:01:16 PM
September 01, 2024, 01:41:45 PM
.....................
If, by next year's end,
Price is still at 5 digits,
I will drink your tears!
.....................
If, by next year's end,
Price is still at 5 digits,
I will drink your tears!
.....................
I have heard some not unreasonable assessments that the BTC price could go up 3x to 10x from here, but then correct back down into the 5 digits - and yeah, not getting out of the 5 digits prior to the end of 2025 would be one thing, and correcting back down into the 5 digits would be another thing.
Frequently, how far we go up and how long we are able to stay up may well end up affecting the severity of the down, yet at the same time, prior to 2022-ish many of us (including a lot of folks who ended up getting quite reckt) speculated that BTC prices would not dip below the 200-WMA, unless such dips might merely be short-term and not too severe spikes below such threshold levels.
Yet we experienced a fairly extensive period of time of much of 16 months below the 200-WMA between June 2022 until October 2023, and there was a decent amount of time more than 10% below the 200-WMA with the greatest spike below the 200-WMA being 36% below.
In any event, it still seems that spending more time at higher prices has somewhat of a Lindy Effect that seems to make it somewhat more difficult to deviate as much from the gravitating price points, which has also been described as a Power Law, too.
Based on how much BTC demand seemed to have been flowing through the ETFs caused me to consider that we had decently good chances of reaching $120k to $180k this year and then potentially consolidating somewhere in that range, and surely I am not very excited about theories of going to 6 digits and then returning back to 5 digits, since I was thinking our top for this cycle (meaning by the end of 2025) would be somewhere north of $220k and perhaps even north of $400k, and I am not even opposed to the supra $1 million scenarios.. though it could be a wee bit too soon for those supra $1 million scenarios to play out and even feeling a bit looney just mentioning them, even though I likely would not even be assigning greater than a few percentage point odds on something like that for this cycle anyhow.. but I still likely come off as a bit looney just for mentioning such.
September 01, 2024, 01:26:15 PM
Hey, maybe it's wealthy British peeps who are driving bitcoin down?
https://www.msn.com/en-us/money/personalfinance/ar-AA1pMdyP
I guess all sells before the announcement would be under the old CGT "regime", right?
https://www.msn.com/en-us/money/personalfinance/ar-AA1pMdyP
Quote
Wealthy individuals and entrepreneurs are already fleeing Britain as fears grow over a raft of tax rises in Rachel Reeves’s first Budget.
An exodus is being reported by bankers, financial advisers and business chiefs with experts warning that the Chancellor risks ruining hopes of faster economic growth with a widely expected increase in capital gains tax (CGT)...He said: “There is definitely a cash flow advantage to the Government in allowing all these transactions to go ahead over the next couple of months because they get their tax sooner rather than later.
“The uncertainty now is just creating this insane period where people are triggering gains that they wouldn’t otherwise trigger for maybe many years.”
An exodus is being reported by bankers, financial advisers and business chiefs with experts warning that the Chancellor risks ruining hopes of faster economic growth with a widely expected increase in capital gains tax (CGT)...He said: “There is definitely a cash flow advantage to the Government in allowing all these transactions to go ahead over the next couple of months because they get their tax sooner rather than later.
“The uncertainty now is just creating this insane period where people are triggering gains that they wouldn’t otherwise trigger for maybe many years.”
I guess all sells before the announcement would be under the old CGT "regime", right?
yeah could be. different laws than USA but most of the taxes laws in USA 🇺🇸 can’t get back dated.
Heck I cashed enough to get the new car because Kamala could hurt cap gains laws here in USA 🇺🇸 starting in 2025.
This year I have write offs that I know are good.
So in GB if you have 10 btc at 1000 each the gain is 10x57000= 570000 and if tax is going up 🛗 a lot why not cash half and move to a better country.
September 01, 2024, 01:04:47 PM
Hey, maybe it's wealthy British peeps who are driving bitcoin down?
https://www.msn.com/en-us/money/personalfinance/ar-AA1pMdyP
I guess all sells before the announcement would be under the old CGT "regime", right?
https://www.msn.com/en-us/money/personalfinance/ar-AA1pMdyP
Quote
Wealthy individuals and entrepreneurs are already fleeing Britain as fears grow over a raft of tax rises in Rachel Reeves’s first Budget.
An exodus is being reported by bankers, financial advisers and business chiefs with experts warning that the Chancellor risks ruining hopes of faster economic growth with a widely expected increase in capital gains tax (CGT)...He said: “There is definitely a cash flow advantage to the Government in allowing all these transactions to go ahead over the next couple of months because they get their tax sooner rather than later.
“The uncertainty now is just creating this insane period where people are triggering gains that they wouldn’t otherwise trigger for maybe many years.”
An exodus is being reported by bankers, financial advisers and business chiefs with experts warning that the Chancellor risks ruining hopes of faster economic growth with a widely expected increase in capital gains tax (CGT)...He said: “There is definitely a cash flow advantage to the Government in allowing all these transactions to go ahead over the next couple of months because they get their tax sooner rather than later.
“The uncertainty now is just creating this insane period where people are triggering gains that they wouldn’t otherwise trigger for maybe many years.”
I guess all sells before the announcement would be under the old CGT "regime", right?
September 01, 2024, 01:01:18 PM
September 01, 2024, 12:07:03 PM
Hi, my fellow apes.
I hope Sunday finds you well,
And in high spirits!
Something just feels weird,
In the posts and vibes of WO.
Like someone just died...
Stop fucking whining!
"Halving, September, Q4..."
It's still too early!
If, by next year's end,
Price is still at 5 digits,
I will drink your tears!
We've had tougher times.
Think of the price 4 years back,
When Vegeta ruled!
We've come a long way,
And should all be ecstatic,
Of how blessed we are!
Don't let greed rule you.
Chill out, have fun, do the boom.
Get rich while you sleep!
#7wodigestsundayhaikus
I hope Sunday finds you well,
And in high spirits!
Something just feels weird,
In the posts and vibes of WO.
Like someone just died...
Stop fucking whining!
"Halving, September, Q4..."
It's still too early!
If, by next year's end,
Price is still at 5 digits,
I will drink your tears!
We've had tougher times.
Think of the price 4 years back,
When Vegeta ruled!
We've come a long way,
And should all be ecstatic,
Of how blessed we are!
Don't let greed rule you.
Chill out, have fun, do the boom.
Get rich while you sleep!
#7wodigestsundayhaikus
September 01, 2024, 12:01:15 PM
September 01, 2024, 11:28:24 AM
anandtech forum post about btc from 2010
https://forums.anandtech.com/threads/bitcoin-making-money-with-dc-literally.2089262/
memories
It's quite funny seeing how many never believed it would amount to anything https://forums.anandtech.com/threads/bitcoin-making-money-with-dc-literally.2089262/
memories
Well that should be expected from something that new.
And Bitcoin did opposite of everything written here.
September 01, 2024, 11:01:16 AM
September 01, 2024, 10:32:18 AM
anandtech forum post about btc from 2010
https://forums.anandtech.com/threads/bitcoin-making-money-with-dc-literally.2089262/
memories
https://forums.anandtech.com/threads/bitcoin-making-money-with-dc-literally.2089262/
memories
September 01, 2024, 10:07:41 AM
buddy and me having a party here
its gonna rival that guys party
its gonna rival that guys party
September 01, 2024, 10:01:19 AM
September 01, 2024, 09:01:17 AM
September 01, 2024, 08:41:48 AM
buddy drops below 57k
get ready for a discount maybe 51k or even 49k.
its really important than we get low enough to put a hurt on a few large mines.
we could use a bankruptcy of one of the 1eh farms.
we are not quite low enough to drop one. but a week in the 45-49k range could do it.
even better would be four weeks of sept at 45k. that would force out a large mine which is what I think is what other large mines are trying to do. gather your cash and get ready for a buy the dip and hodl event.
September 01, 2024, 08:01:16 AM
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