Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 388. (Read 26496612 times)

Say uh buddy. We appreciate the work you done for us, we really do. But I just got a call from the big guy and, well, he says its not enough. 🤷

It would be a personal favor to us if you could, you know, pick things up a bit. Or else, well I hate to say it, but things could get difficult for you.

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it would..if you let it have streaks...I kid, i kid

buddy may drag us pass 68k on sunday. It would be nice.

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FYI:
Regular IRA (individual retirement account) in US -trades are not taxable (no cap gains tax), but withdrawals are treated as income.
Roth IRA in US-both trading and withdrawals (after being more than 59.5 years old   ) are NOT taxable, but contributions are made on an after-tax basis (you got income, you got taxed, you contributed some of the remainder-up to only a certain $$ a year). P. Thiel has built a $5 bil Roth, lol.

At first i did not get what "theft" you are talking about..then i got it..you are talking about the t-word, right?

I am not familiar with IRA and stuff, but when you switched out of GBTC to switch in IBIT, did you record a taxable event? You had to be careful of any procedure?
Sorry to speak about theft on this thread.

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If you did not see it yet:

Grayscale somehow managed to 'acquire' the BTC ticker for it's new mini-trust (which will get 10% of GBTC's bitcoin and would have the low 0.15% fee).
The last day of trade in GBTC that would allow you to get the mini-trust is July 29 (if you would buy on July 30, then you would not get any distribution).
The price of GBTC would decrease by 10% on the 30th plus minus regular market fluctuations.
Since  the distribution is 1:1 in shares, this means that mini will have a price of $5-6, most likely (if current prices prevail)-probably to entice the retail:

"look mom, BTC is at $6 per-a bargain!"

I already exchanged 2/3 of my GBTC in IRAs to IBIT/FBTC mixture (basically have 1:1:1 now).
Not sure if i should sell before the distribution or get a mini first.
No cap gains anyway, since it is an IRA, but the account cost basis would increase, of course.

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Yeah might be that. My stock portfolio has actually been hit by that tech krach, more than compensated by the BTC price.

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  That's one of my favourite hats

I could always count on you to spot an infiltrator!   

I'm visiting the thread a bit sporadically these days, often telling myself to spend a bit more time doing constructive things.

I may even have read your post but never actually took it in.

So have a merit bag from me. 

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Look who the cat drug in.

 


If I had lost most of my BTC (or maybe more than 2/3 of it), then I probably would begin DCA accumulating around $100 per week.  Of course, the devil is in the details in regards to how much BTC is remaining and other personal factors.  I know folks who lost very large portions of their BTC, yet if they still hold through some of the price appreciation periods, their seemingly large loss does not end up dragging them down too much, so long as they mostly continue to hold the remaining.

Many of us likely realize that a relatively low amount of BTC might still go a pretty long way, but yeah, I understand the other side of the argument too... and for anyone who might want to go back into BTC accumulation, that may well be difficult if there is no longer much if any disposable income, including once one get's into their elderly years, so it might no longer make any sense to invest, and you have what you have and you are largely living off what you have and/or in a kind of liquidation phase rather than either an accumulation phase or even a maintenance phase.. so sometimes it might become impractical to go back into BTC accumulation, even if large portions of your stash had gotten prematurely depleted.


Surely, it is possible that a bit of punishment mode is going on, especially for those who did not believe sub $60k prices were cheap enough to stack up some cornz, and too busy believing the MTGOX baloney.

How's that MTGOX going for you guys waiting for $40ks?  Not as you expected, right?  You should have had been buying rather than either selling or waiting for lower prices - when fairly often through out the history of dee cornz we have already found out that waiting is not a very great strategy, especially for the many (perhaps overwhelming number of) folks who are not sufficiently/adequately stacked up and prepared for up... Many of them tend to be too busy waiting for DOWNity that does not end up happening.


Both.

It does not seem very smart trading this range, but hey? what do I know?

I already have a system that buys on the way down and sells on the way up, but I am largely ONLY dealing with relatively small portions of my BTC stash in any doubling (or halving) of BTC's prices, which means that more than 95% of my stash is staying in place for any 100% change in price;... It sounds like I am trading a lot.. but it does not add up to very much.  So as an example, I have about 3.5% of my BTC set in sell orders up to $150k... and so what is that?  2.25x...


Single cause explanations are not healthy, and likely not accurate, but hey you seem to love various single-cause explanations.


You have already demonstrated that you don't know too much.  #justsaying

 

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