Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 5576. (Read 26607594 times)

@WinsorSonny
6 months of green candles, we’ve never had 7 in the history of bitcoin. You may not like it now but this is needed and you will be thankful for it in the near future. Like the old saying goes April showers bring forth May flowers 🚀🌔 $BTC

https://twitter.com/winsorsonny/status/1385693853081116674?s=21

Argument is about $1mil/yr in cap gainz. Not $1mil in total net worth. As stated above only 0.3% of income taxes have AGI above $1mil so yes objectively it is a lot

Bob's argument "why da fuck should i pay taxes if i want to build a lava moat, the government will just do something stupid with that money" is the most valid one! Looks like they can make it retroactive, but it's uncommon and very unpopular.

+1! I respect Biodom he's had posted some really great and totally sound ideas in the past but this is laughable...  got bitten by proudhon perhaps?    or another victim of Mindrust-Gembitz syndrome?      

The level of ignorance on this board is really astonishing. Frankly i was expecting more objective opinions. Argument that ultrarich in US are dispropotionally benefiting from current tax system and every year accumulate higher % of overall wealth, quickly gets shifted into taxation is bad so unless we get rid of it, i'm gonna block any changes. The result? Conveniently keeping current status quo and ultrarich continue to be taxed at lower bracket than teachers.



This reminds me of people showing charts with randomly picked time frames to justify their assumption. Many richer countries have higher taxes, look up taxation in Luxembourg.




Ignoring retarded friend/foe FOX vs MSNBC attempt at division from the start, true, but if he wished right now he could easily convert it all at a 20% tax hit. Meaning right now Bezos can get $141billion worth of gold which is around 2.5million tons (if my maths are right) probably enough to fill some pool with coins. Care to guess how much his paper net worth jumped in just last year? (Hint it's over 20%) Net effect of transferring funds from company A to company B is 0 (actually it's a loss after tax hit). Value and jobs only come in if company B is more efficient and more profitable than company A.





Bingo, ever wondered why ultra rich are willing to take $0 of their compensation in wages (taxed at same rate as teachers) and all of it in stock options taxed at 20%? (just don't try to to do it yourself if you try to classify all of your small business income in US as distributions you'll go to jail). It'd be very hard nah impossible for billionaires to survive on $999,999/yr ask Bob 


Switzerland has wealth tax



US has been the biggest tax heaven in the world for a while now. Educate yourself
https://en.wikipedia.org/wiki/United_States_as_a_tax_haven
https://www.forbes.com/sites/toddganos/2019/09/19/worlds-best-tax-haven-the-united-states/

What was that, a dump for ants?

Seems to me that the Bitcoin dominance index is quite irrelevant, especially if you are referring to the Coinmarket Cap one.  There are some indexes that relate to trade volume that might be more accurate, but the one that you seem to be referring to in terms of fluctuations around 48% or 50% or some other variation, likely tells you very little about what is going on with bitcoin or its price moves.

And, since when have we been wanting to put much if any emphasis in terms of what various shitcoins or stable coins might be doing, and their relationship (or supposed relationship) to king daddy?


Again "cryptos" and marketcap? 

Hard to give too many shits.

Have you heard of bitcoin, cryptoperkele?  This thread is about bitcoin rather than how you may or may not be suffering in terms of some shitcoin that you may have bought (or gambled with, even if you used bitcoin to engage in such gambling).


What if the BTC price only corrects down to $44k?  or even ONLY corrects down to $47.5k, what you going to do then?  will you cry if you do not get the bottom or anywhere close?  What if BTC prices never go below $50k again?  Have you bought back in yet?

Well in the UK if your income is less than £50K then you pay CGT at 10%. If your income is above £50K you pay 20% CGT.
You also have a CGT allowance of £12,500 tax free
SO it makes sense to do this juggling if you stay within these boundaries.
If you are married you may gift your spouse as much as you like (tax free) and he/she can take advantage of the same allowances.
If you are looking at cashing more than this then it becomes a moot point due to the reasons you have specified although you could still take advantage of the annual tax free allowance.

 Oh yeah!  Keepin' it real.

Rob from the rich and give to the bureaucrats.

Oh wait. We're the rich.  

Fuck the bureaucrats (and the Bureaupublicans).  

Keep it in perspective.....

This tax maneuver is going to be discussed. Unfortunately, left wing politics are really after richie rich's gains, while the generated taxes are just a tip of the tip of an iceberg of "projected justice". It's populism, they kinda try to signal "hey poor people, hey middle class, hey workers! we gonna give them richies what they deserve, so it makes you feel you're kinda important to us.", or if you put it that way:


This is just cheap, and also distracting from the real problems of economy that constantly makes the poor get even more poor.
Populism at it's best. This time it's not the Trump way, but the other way round  
Same old shit.

Just hold it is the new just do it!

This is the crux of my issue. As someone sitting on a pile of coin, and retired, why the fuck would I have any incentive to sell corn under those absolutely retarded proposed tax rates?

TBH, and I don't want to sound like a total dick-bag or anything, but every time I sell, $1M is the bare minimum I dump at any time, and cruise on it until I need more. I'm fucking stupid that way. Sue me.

I hope you can appreciate why this proposed increase twists my panties up a little bit. I mean, if this means I just need to sell <$1M USD per year, then so be it, but it's just ridiculous, in that it promotes hodling by us hardcore folk.

Having said that, I'm sure the time will come in the next 5 years, where I decide to buy up the parcel of 100 acres next to us, and erect a proper Citadel, complete with a goddamn lava-filled moat, fed via drilling into the recesses of our mantle, in a rather impressive engineering feat for Bumfuck, TX.

Hopefully Biden is out of office by then, and whatever retarded tax "reforms" he may ram-jam through get repealed.

https://www.1-b.tc/static/BTCST_Whitepaper.pdf

What's that do? I tried going to website, but it doesn't do anything.

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I didn't say that we cannot go lower before going again up. The range 40-43K is probably on the table now.. Even if we can recover from our current level.

I just said it's look very bearish and probably to long in a bull market cycle to sideway + down for 6 months..

Then we will see, just my opinion 

Well, the scenario would either happen or not happen.
So far, almost every time I uttered something in 2021-it more or less happened (not to toot my own horn-it was just a random accident): the correction timings, the proverbial flat/stall, etc.
Albeit, I could be wrong and we take off from here.
If so, I would be among the happiest as I don't time the market and I don't sell bitcoin, apart from when I need to pay for something, but in this case, I immediately replace.

Still not really agree.

1/ yes the top was in april. But for me it is still a kind of side ways / range (as it is even less of 15% increasing between the top of february and the current ATH of april). So we can reasonably consider from february not april.

2/ How you can compare with 2013 price range ? We were at 13$ beginning of 2013 with a local top of 250$ so x20.  We were almost at 30K$ beginning of january 2021... so only bit more than x2 since... for our current ATH.

As I said to my friend, many of these new coins, even if they have good ideas behind them (which most don't) have only small teams and will struggle to grow and survive. Like in a forest where the tall trees overshadow and prevent new growth. Maybe one will eventually prevail but that's a gamble with very poor odds.