Explanation
Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 4267. (Read 26714742 times)
December 28, 2021, 07:01:37 PM
December 28, 2021, 06:53:35 PM
These dumb-ass 5% bitcoin sales are annoying: It's not worth cashing in coin to buy back lower as the ~21% Capital gains tax will wipe out any profit.
Oi.
Oi.
IOW: Capital Gains Tax makes it so that selling to rebuy lower is a losing move unless the after-sale dip is more than the CGT rate. Not limited to bitcoin: it's the same with stonks or any other financial asset.
unless it is long term rate sale.
...and, first $80,800 in long term cap gains are FREE (if you are married).
Not if your income (the stuff you get for being a wage slave) exceeds 80k. That is like the crappiest phase out ever. Unless I am wrong about that.
afaiu, LONG term cap gains are different from income, but who knows.
https://www.investopedia.com/articles/personal-finance/101515/comparing-longterm-vs-shortterm-capital-gain-tax-rates.asp
Quote
Your ordinary income is taxed first, at its higher relative tax rates, and long-term capital gains and dividends are taxed second, at their lower rates.
So, long-term capital gains can't push your ordinary income into a higher tax bracket, but they may push your capital gains rate into a higher tax bracket.
https://erwealth.com/podcastblog/will-capital-gains-push-me-into-a-higher-tax-bracketSo, long-term capital gains can't push your ordinary income into a higher tax bracket, but they may push your capital gains rate into a higher tax bracket.
December 28, 2021, 06:49:39 PM
The year end seems to be quite annoying, isn't it?
2021 was not a great year by many occurrences:
1. A skimpy bull run despite all rah-rah-rah expectations. We basically did slightly better than double in four years; pretty good by stock market standards, quite low compared to what was expected.
2. Viral persistence. How many waves we gonna get?
3. Being totally tired of #2. Reinfection rises in the people I know.
4. The rise and rise of everyday rudeness...especially on our "autobahns".
Prediction:
Bitcoin is incompatible with your typical political/investor operator psyche.
As such, the path forward would be slower and more tenuous than I expected.
It is entirely possible that 'they' would try to control the narrative by pushing some solutions that are more easily controlled: it could be E-coin or S-coin or some other shitcoin (heck, it might even be xerp, once it settles), but it ain't going to be bitcoin as they cannot direct it to their benefit.
TL;DR Slow bitcoin in 2022, politicos heavily promoting a few shitcoins (probably the most corrupt ones). Fiat stock market slightly down, maybe 5-7%.
2021 was not a great year by many occurrences:
1. A skimpy bull run despite all rah-rah-rah expectations. We basically did slightly better than double in four years; pretty good by stock market standards, quite low compared to what was expected.
2. Viral persistence. How many waves we gonna get?
3. Being totally tired of #2. Reinfection rises in the people I know.
4. The rise and rise of everyday rudeness...especially on our "autobahns".
Prediction:
Bitcoin is incompatible with your typical political/investor operator psyche.
As such, the path forward would be slower and more tenuous than I expected.
It is entirely possible that 'they' would try to control the narrative by pushing some solutions that are more easily controlled: it could be E-coin or S-coin or some other shitcoin (heck, it might even be xerp, once it settles), but it ain't going to be bitcoin as they cannot direct it to their benefit.
TL;DR Slow bitcoin in 2022, politicos heavily promoting a few shitcoins (probably the most corrupt ones). Fiat stock market slightly down, maybe 5-7%.
December 28, 2021, 06:35:49 PM
These dumb-ass 5% bitcoin sales are annoying: It's not worth cashing in coin to buy back lower as the ~21% Capital gains tax will wipe out any profit.
Oi.
Oi.
IOW: Capital Gains Tax makes it so that selling to rebuy lower is a losing move unless the after-sale dip is more than the CGT rate. Not limited to bitcoin: it's the same with stonks or any other financial asset.
unless it is long term rate sale.
...and, first $80,800 in long term cap gains are FREE (if you are married).
Not if your income (the stuff you get for being a wage slave) exceeds 80k. That is like the crappiest phase out ever. Unless I am wrong about that.
December 28, 2021, 06:35:05 PM
I would be shocked if most WO people are not in the upper half of the tower.
Although, holding just 1 full coin is already considered generational wealth and owning it will be extremely rare in the future, but you want to hold more than just 1 because breaking up that 1 coin will be a waste, it's like a museum piece.
Can you hold atleast 3 - 5 - 10+ coins for 10 to 20 years?
I don't see any reason to leave WO, i started here and will continue be active until i die..i guess. ( If i haven't posted here for atleast 3 months ore so that means i'm dead
) Bitcoin will break so many records the whole road to mainstream will be glorious to experiencing together.
I think I will get over ten. Depends would I hodl the ten depends.
But my time line is shorter than many people on the wo I am 64.
I plan to run the mine till I am 70 and then sell my share to my partners.
we are
64 ------ 70 and exit is my hope and plan
58 ------ 65 and exit is the owner of the ware house
42 ------ ? my primary partner I met in 2014
24 ------ ? son of the warehouse owner
So we should earn well for years to come and hodl some of it.
December 28, 2021, 06:32:29 PM
OMG just visited coinmarketcap (the link El Dude posted):
Are you serious? What in the fucking world is this? Metapets? Animaltycoon? Doge Run? Totally a Rug Pull?
What a shitcoin shithole coinmarketcap has become...
Are you serious? What in the fucking world is this? Metapets? Animaltycoon? Doge Run? Totally a Rug Pull?
What a shitcoin shithole coinmarketcap has become... yea, but a simple solution: push that "highlights" blue bar to the left and it is gone.
December 28, 2021, 06:19:02 PM
OMG just visited coinmarketcap (the link El Dude posted):
Are you serious? What in the fucking world is this? Metapets? Animaltycoon? Doge Run? Totally a Rug Pull? What a shitcoin shithole coinmarketcap has become...
Are you serious? What in the fucking world is this? Metapets? Animaltycoon? Doge Run? Totally a Rug Pull?
What a shitcoin shithole coinmarketcap has become... December 28, 2021, 06:01:27 PM
These dumb-ass 5% bitcoin sales are annoying: It's not worth cashing in coin to buy back lower as the ~21% Capital gains tax will wipe out any profit.
Oi.
Oi.
IOW: Capital Gains Tax makes it so that selling to rebuy lower is a losing move unless the after-sale dip is more than the CGT rate. Not limited to bitcoin: it's the same with stonks or any other financial asset.
unless it is long term rate sale.
...and, first $80,800 in long term cap gains are FREE (if you are married).
December 28, 2021, 05:35:32 PM
^^^ ... I've moved my 'safe' recommendation when speaking to bitcoin-curious from "DCA only what you can afford to lose" to "DCA on monthly options-expiry until you have XX% of net worth in bitcoin" ... where XX% is percentage that bitcoin makes up of global monetary float
... reasoning being, if the markets see fit to put XX% into bitcoin as monetary asset then that is the "correct" risk hedge at this time
... for the bitcoin bull, it's simply, "go all in" "only have in fiat what you can afford to lose"
... reasoning being, if the markets see fit to put XX% into bitcoin as monetary asset then that is the "correct" risk hedge at this time
... for the bitcoin bull, it's simply, "go all in" "only have in fiat what you can afford to lose"
December 28, 2021, 05:35:23 PM
Looks like a bump and run reversal bottom formation.
December 28, 2021, 05:35:08 PM
looking forward to 75% yoy gains ... 7x (350k) in 4 years, end 2025? 700k in 2029?
I can definitely live with something like that. Slightly disappointing high in this cycle, I guess COVID probably handicapped us though. No problem, we can wait until after the next halving.
December 28, 2021, 05:29:07 PM
I would be shocked if most WO people are not in the upper half of the tower.
Although, holding just 1 full coin is already considered generational wealth and owning it will be extremely rare in the future, but you want to hold more than just 1 because breaking up that 1 coin will be a waste, it's like a museum piece.
Can you hold atleast 3 - 5 - 10+ coins for 10 to 20 years?
I don't see any reason to leave WO, i started here and will continue be active until i die..i guess. ( If i haven't posted here for atleast 3 months ore so that means i'm dead
) Bitcoin will break so many records the whole road to mainstream will be glorious to experiencing together.
Nocoiner: I'd like to buy some crypto.
Me: Buy Bitcoin
Nocoiner: Why? It's too expensive.
Me: You can buy a fraction of it, no need to buy 1BTC or more
Nocoiner: But I thought crypto is dying... maybe I should wait for the next big thing...
Me (in my head): Yeah go and buy some NFTs... (loud): *long JJG-style lecture on HODLing*
Nocoiner: Prolly you're right, I should diversify my FIAT savings.
Me:
December 28, 2021, 05:24:10 PM
... interesting that end of year close 2021 is looking to be around 75% up on 2020 close
... 200WMA has been steadfast on 75% yoy gains since a long time now, i.e. the secular bull for bitcoin adoption demand is around 75% annual increases
... 4 year halvening cycle supply shocks are coming to an end as percentage halvening decreases to below 2% annual inflation rates ... and increased market liquidity, speculators, traders, futures and derivatives markets smooth out the crazy 4 year bull run excesses and profit instead on shorter term fluctuations
... looking forward to 75% yoy gains ... 7x (350k) in 4 years, end 2025? 700k in 2029?
... 200WMA has been steadfast on 75% yoy gains since a long time now, i.e. the secular bull for bitcoin adoption demand is around 75% annual increases
... 4 year halvening cycle supply shocks are coming to an end as percentage halvening decreases to below 2% annual inflation rates ... and increased market liquidity, speculators, traders, futures and derivatives markets smooth out the crazy 4 year bull run excesses and profit instead on shorter term fluctuations
... looking forward to 75% yoy gains ... 7x (350k) in 4 years, end 2025? 700k in 2029?
December 28, 2021, 05:09:44 PM
I would be shocked if most WO people are not in the upper half of the tower.
Although, holding just 1 full coin is already considered generational wealth and owning it will be extremely rare in the future, but you want to hold more than just 1 because breaking up that 1 coin will be a waste, it's like a museum piece.
Can you hold atleast 3 - 5 - 10+ coins for 10 to 20 years?
I don't see any reason to leave WO, i started here and will continue be active until i die..i guess. ( If i haven't posted here for atleast 3 months ore so that means i'm dead
) Bitcoin will break so many records the whole road to mainstream will be glorious to experiencing together.
December 28, 2021, 05:01:27 PM
December 28, 2021, 04:29:54 PM
Just noticed: My merits overtaking activity! I think it's a first.
Thanks to all contributors - you know who you are ;-)
Thanks to all contributors - you know who you are ;-)
December 28, 2021, 04:25:19 PM
These dumb-ass 5% bitcoin sales are annoying: It's not worth cashing in coin to buy back lower as the ~21% Capital gains tax will wipe out any profit.
Oi.
Oi.
IOW: Capital Gains Tax makes it so that selling to rebuy lower is a losing move unless the after-sale dip is more than the CGT rate. Not limited to bitcoin: it's the same with stonks or any other financial asset.
unless it is long term rate sale.
December 28, 2021, 04:18:42 PM
These dumb-ass 5% bitcoin sales are annoying: It's not worth cashing in coin to buy back lower as the ~21% Capital gains tax will wipe out any profit.
Oi.
Oi.
IOW: Capital Gains Tax makes it so that selling to rebuy lower is a losing move unless the after-sale dip is more than the CGT rate. Not limited to bitcoin: it's the same with stonks or any other financial asset.
EDIT: Yes I know it's a little more complicated than that, as the CGT is only paid on profits, but I think I've made my point.
.
^^ my point
December 28, 2021, 04:17:15 PM
December 28, 2021, 04:01:37 PM
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