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Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 5. (Read 26729297 times)

full member
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If I am mistaken, the first country in the EU to pass such a law was Germany, where that period is 1 year, in Croatia it is twice as long and amounts to 2 years - while there was a lot of talk about how Portugal and Slovenia are very friendly when it comes to laws on taxation of cryptocurrencies, but I am not sure if that is still the case.
...
Yes 1 year in Germany but this law doesn't revere directly to bitcoin. This is called a "privates Veräußerungsgeschäft" (private sale transaction) and applies also for gold and other stuff.
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legendary
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🇨🇿 Czech President signed a law removing the capital gains tax on #Bitcoin after 3+ years of holding.

https://x.com/BitcoinMagazine/status/1887495804224495968?t=M7ORkYO_5_qIfkaaUSRI2w&s=19
The Czech Republic just made hodling a national sport.

None of any taxes after three years, plus zero tax below hundred grand is better than what we currently have, thats all! Forcing people to hold for more than three years is damn already bullish. Therefore, anyone in the Czech Republic who chooses to do this will more than likely be in profit or at least close to it, this should encourage more people who do choose take advantage of this new policy to better understand Bitcoin and increase adoption. Afterall, I can sense a solid progress that what the government did.

If I am mistaken, the first country in the EU to pass such a law was Germany, where that period is 1 year, in Croatia it is twice as long and amounts to 2 years - while there was a lot of talk about how Portugal and Slovenia are very friendly when it comes to laws on taxation of cryptocurrencies, but I am not sure if that is still the case.

3 years isn't a lot, but it's not a little either - but anyone who invests for a longer period will certainly appreciate not having to pay capital gains tax after that period. Even though it sometimes seems that the EU as a whole is not very friendly towards cryptocurrencies, things still need to be looked at from country to country.
legendary
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icarus-cards.eu
legendary
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Coinbase...lol
Putting their "hand' on the scale:
Much bigger fees to exchange USDT to USD  vs exchanging USDT to USDC...to promote USDC?
legendary
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1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ

Explanation
Chartbuddy thanks talkimg.com
legendary
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Please dear God Satoshi, let it be……



@CryptoJelleNL
NBitcoin has spent the better part of 8 years inside this rising channel.

Whenever price crosses the midlevel, a test of the channel highs follows.

Will this time be different?

https://x.com/cryptojellenl/status/1887793423622766833

I would join that "prayer"..but it seems that it breached the mid (albeit temporarily) in 2019 and June of 2024-just my "OCD", haha.
A nice graph, though, if we extrapolate to the upper boundary  Grin.
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🇨🇿 Czech President signed a law removing the capital gains tax on #Bitcoin after 3+ years of holding.


https://x.com/BitcoinMagazine/status/1887495804224495968?t=M7ORkYO_5_qIfkaaUSRI2w&s=19

The Czech Republic just made hodling a national sport.



None of any taxes after three years, plus zero tax below hundred grand is better than what we currently have, thats all! Forcing people to hold for more than three years is damn already bullish. Therefore, anyone in the Czech Republic who chooses to do this will more than likely be in profit or at least close to it, this should encourage more people who do choose take advantage of this new policy to better understand Bitcoin and increase adoption. Afterall, I can sense a solid progress that what the government did.
sr. member
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CONTEST ORGANIZER


s

What about? ...

Nope, the truth is that BTC trading price no more reflects its true value.
Nvidia (and what not) may be past similar situations, but instead overvalued (or maybe better: overpriced).
That bananas-apples comparison is meaningless.
As BTC increasingly decouples from the economic situation, it is still undervalued AND underpriced, though the undervalued part improved significantly, while price wasn't following. I mean, c'mon. If i can see this, you can see it too. This or i'm completely stupid.

Sure, we all can "think positive" about what's happening around Bitcoin.
I mean, what would Satoshi say to all this, watching the banks and financial elites grabbing masses of BTC without moving the price (shifting the value) while the spot market's life and liquidity is getting milked out by the same institutions? Do you think he would be positive?
I am not an evangelist, but there definitely is this ethical edge, isn't it?

EDIT: I didn't even touch that usability topic (yet)!
Oh, and where was adoption, outside of El Salvador? We're in the middle of a bullrun, come the fuck on!
Sure, WAGMI, but is that really everything to it? I don't think Bitcoin can live off greed only.

Ey man i just see this, thanks for your extensive response.

Well if we go into that side of the history i agree with you 100% , its not a good sing for us to see the same corrupt and powerfull system again behind us or better to say with us into the BTC, i always think philosophically talking we ""lose"" part of the fight. But we can also say a part still in us and his our power over some cores, and plus now they dont and cant own the BTC, we know how is create, how much it is, etc etc.

About the no correlation between the price and true value, yes but since the BTC become the norm i think is gonna be more and more attached to the normal economic fluctation and we cant do anything about and i also think is the normal pathway in someway.

About usability...... i have a very very special opinion about that, and a lot of people is gonna kill me for what im gonna say, but for me BTC cant be the coin for the day to day transactions. I have a few arguments since his proper tecnology the way was build and the Gresham law.

PS: Sorry for me poor english and maybe in some sentences (in the 100%) i lack semantics.

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legendary
Activity: 2380
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1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ

Explanation
Chartbuddy thanks talkimg.com
legendary
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BTC + Crossfit, living life.
6 digits looming
Initiate weekend pump
The dude is ready
hero member
Activity: 2926
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BTC to $150k -
we have a sudden pump here, its the 15 min graph in Binance.



and we are back to $100k now..  Cheesy
legendary
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1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ

Explanation
Chartbuddy thanks talkimg.com
legendary
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#1 VIP Crypto Casino
Higher, much higher.

BTC



@CryptoJelleNL
The 2-year MA Multiplier has historically been a great indicator to see where in the cycle we are.

Even using the x3 multiplier (instead of the traditional 5x) - it strongly looks like #Bitcoin is mid-cycle, with more room to grow.



The PI Cycle Top Indicator points in the same direction. The market has historically topped out when the 350-day MA x 2 crossed above the 111-day EMA. Again, the indicator suggests there is room to grow.



I also quite like to watch the MVRV Z-Score to track how Bitcoin is doing. It tracks how far away Bitcoin's market price is from the realized price. The further away it goes, the more frothy conditions are believed to be.

The indicator is still tame, compared to previous cycles - suggesting room to grow.



It's not all indicators though, just look at the halving cycle. History shows that the Bitcoin cycle likes to keep running for quite some time, post-halving.

So far, it hasn't even been close to a year yet.



In essence, many reliable signs suggest Bitcoin is in a mid-cycle consolidation phase. The Trump admin just took over, and they're actively discussing if/how the US Government can have a strategic reserve with various crypto-assets.

Generally speaking, these things mark a top - when they actually happen. Just like the Coinbase listing in 2021, and the CME Futures in 2017.

Expecting price to keep pushing higher for the better part of 2025, and it wouldn't surprise me if a Bitcoin reserve announcement ends up putting in the top for this cycle.

Not yet though. Send it higher.
https://x.com/cryptojellenl/status/1887855509257986336
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people are quite cautious and it suits them to take profits in the range of $90k to $100k
When I hear take profit I always think to myself what exactly are taking profit into ? Banks, fiat, stocks, ?

I think it's the other way round... cash out fiat and what have you? into bitcoin

Please dear God Satoshi, let it be……



@CryptoJelleNL
NBitcoin has spent the better part of 8 years inside this rising channel.

Whenever price crosses the midlevel, a test of the channel highs follows.

Will this time be different?

https://x.com/cryptojellenl/status/1887793423622766833
Different patterns? Probably going to be the same... if only the market keeps going as expected.

If you can raise your child ideally, then your old age will be spent comfortably. And if you can hold Bitcoin properly now, you've left a comfortable future for your child.
Depends on how much bitcoin you have, can't a low coiner and expect a comfortable future neither you nor your children will be comfortable  Wink
legendary
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1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ

Explanation
Chartbuddy thanks talkimg.com
legendary
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~snip~
In such circumstances and with the expectation of what exactly will happen with Ukraine,
Wasn't Trump going to resolve Ukraine, even prior to getting into office?  hahahahaha

Well, he said he'd stop the war within 24 hours, but it seems he's busy planning world conquests. Ukraine has become a $15 trillion business in the past few days - because that's exactly how much (and maybe even more) all those rare minerals that the Russians are trying to get their hands on are worth - not because they need them (they have plenty of them in Siberia), but to deny them to the West.

people are quite cautious and it suits them to take profits in the range of $90k to $100k

That would be dumb for almost anyone...even someone who had been in bitcoin for a while.  I am not going to suggest that people don't do dumb things, including giving their coins to Michael and Larry.

If you only have 10 BTC and follow the current pattern - sell at $100k, buy as close to $90k as possible and you will profit around $100k every time the cycle repeats - imagine those who do this with thousands or tens of thousands of BTC, easy money, right?


- and at the same time all these stories about BTC strategic reserves may indicate that someone behind the scenes is pulling the strings - because if some central banks are going to buy BTC, then it is in their interest for the market to cool down and possibly for the trend to reverse.

How you going to do that when we are in the middle of a bull market?

you are expecting trends to reverse here?  In bat country?

Oh my!!!!!

Are you new here?

~snip~

Do you think Bitcoin is more powerful than central banks that print money whenever they want and whenever they need it? It is very easy to create FUD, especially if you own most of the mainstream media and if most people behave like sheep following their shepherd - who in this case is one of the most powerful people in the world. It means nothing to them that some of us think we are in a bull market.
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OrangeFren.com
If you can raise your child ideally, then your old age will be spent comfortably. And if you can hold Bitcoin properly now, you've left a comfortable future for your child.

Then you should hold some amount of Bitcoin and raise your child as an ideal. Then your child's future will be easier for your invested Bitcoin and your old age will be easier for your ideal child.
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