Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 5578. (Read 26607470 times)

The Netherlands has been f*cked over for decades, I used to live there.

The same car I bought in the UK in 2016 new for £28,000 would have cost €90,000 at the time. BPM, emission tax, whatever else nonsense they could come up with and there is the road taxation based on car weight. They literally sold 4 of those cars. No idea how that foreign brand can stay afloat doing business with its small operation in The Netherlands.

When I saw pictures of an imbecile dancing on a table because of a gain in the election whilst businesses are still forced to close DuE tO A dAnGeRoUs pAnDeMiC and the no confidence stuff of trying to get rid of Pinocchio Mark Rutte straight after an election, debating till 2am whilst there is curfew for ordinary citizens but he just stays in the end anyway I almost had to vomit.

Also the tax system is incredibly complex with its mortgage subtraction stuff.

People are insane to constantly vote for the same 50% tax supporting imbeciles.

The country and its people are lovely but I cannot afford to live there with the lifestyle and freedom of car transport (have owned 2-3 cars at various times, nicely kept - garaged and used on different days) that I can have in the UK.

But of course he won't sell shares just to pay taxes and then what, pay taxes on the money he cashed out to pay taxes? The point is, even if he sells shares of Amazon, someone else buys them and the money the government takes is no longer available for investment in the economy. I would rather he keep the money and create more jobs. I think he would do a better job than our defunct government.

Taxes hurt the economy. You might not think a little here and little there hurts but it all adds up. We need government for certain things like roads, bridges, laws, police, and fire but the economy can only take so much strain and still grow to it's potential. With high enough taxes and enough handouts, the economy will eventually stagnate and then start to shrink.

Giving handouts has a huge negative effect on the economy and to the people receiving the "benefits". You create a death spiral where you are killing the economy so you can pay someone to not be part of the economy. Then they increase the minimum wage so you have to pay the babysitter as much as you're making by working and people get caught in a feedback loop where staying on the benefits is more profitable than working.

The opposite would be to have very low taxes, very high economic activity with no handouts and people would make good wages naturally because there would be way more work to do than people on the planet.

Personally, I am considering taking your statement with a decently-sized grain of salt, AlcoHoDL, in terms of how it may or may not reflect the actual amount of your stash or the actual amount that you may have invested into BTC - as if your numbers were part of a hypothetical, for example.

By the way, I hope that you are not one of those guys who invested a small amount of money into BTC in the beginning, and then you got worried about investing into BTC at higher prices because you had considered that investing more would raise the level of your BTC costs (total amount invested) and the average cost of your BTC… Sure, I do not conclude that you are one of those kinds of guys, but remember we are batting around ideas on a public thread, and I have some concerns about those kinds of guys, especially if they might have an ongoing cashflow and they are worried that they are not getting richie fast enough because they do not have enough BTC… blah blah blah (surely NOT saying that you, AlcoHoDL, are one of those kinds of guys, even though your comment could be erroneously read to be embracing of that kind of investment practices/strategies.

Sure, there is some point in time that each of us may well have transitioned from BTC accumulation stage to a BTC maintenance stage and then later to a BTC liquidation stage, and surely none of those are absolutes, but instead are likely on a kind of spectrum, even though there might well be various points on the spectrum that each of us might feel that we have invested enough but as our cashflow might change or other personal factors might change, we might consider moving our lil selfies back to accumulation stage, for example, even if we might have considered that we had moved into mostly maintenance stage. 

Another factual change could be that we could end up losing part or all of our BTC stash whether sloppily, due to the acts of others or through some forms of negligence (aka an accident), and not wishing these circumstances on anyone, but just saying that changes in circumstances could cause changes in perspective regarding where we are at in terms of BTC accumulation, maintenance and/or liquidation.



I have frequently pondered over those kinds of possible BTC price performance scenarios and how they might end up playing out in terms of my own personal circumstances and anticipated behaviors under such extreme (and seemingly unlikely) scenarios - especially in a kind of scenario in which BTC prices were to keep going down, including not really knowing and/or accepting the reason and actually some factual circumstances that might NOT be completely known by me and/or other normie BTC investors, and then under such cascading DOWNity BTC price movements, I would be continuing to think that this is a good time to buy because the price is lower and lower and lower,  I act on those lower price moves (isn’t this feeling like some Bcash shitcoin scenario?), but as I keep buying, the BTC price keeps going lower than it had been and never really meaningfully recovers, even though I had continued to erroneously conclude that the bottom is in. 

So, there could be BTC price points in which I should stop buying and just save whatever it is that I had already bought.. but in such scenario, I don’t know when to stop buying because I did not get the memo that bitcoin is ded…

And sure, along the way, I may have well gotten some enjoyment of the hookers, lambos, and blow, but there may have been some things that are more solid in terms of my past investments that were largely enabled because of my having had been in bitcoin, such as property, or other longer term and non-depreciating investments that I made – and yeah, maybe various steak/lobster dinners could be counted too..  and maybe I did end up accomplishing some diversification (not talking about other cryptos, here.. .because I really doubt that there are any realistic scenarios in which BTC goes to zero but some shitcoin actually prospers (or takes over) in such bitcoin going to zero scenario.. not going to go to that level of nonsense with such hypothetical.. that shitcoiners frequently want to pump such a nonsense scenario)..



Fair enough.

Sometimes I feel that I am kind of losing track regarding how much value I may have put into bitcoin (or not) and the various ways that such investment value might be tallied up.   

With a quickie ballpark guestimation of my BTC holdings, I see that when BTC prices were as high as almost $65k, my investment amount would have been around 1.333% of the value of my total BTC portfolio (kind of cheating in term of how that is counted, exactly.. but whatever.. we are talking about ballparkenings of what is going on in terms of the investment of yours truly). 

Now, let's say that BTC prices drop down to $47.5k (sure that is the current low within that past 8 hours or so), then my amount invested into BTC ends up going as high as 1.77%..   So around a $17.5k drop in BTC prices does not really seem to create any kind of real large changes in the ratio of how much invested I invested into BTC versus the value of the whole BTC investment portfolio holdings… and therefore the kind of financial and psychological cushion that exists, even with what appears to be about a 27% BTC price drop from about $65k to $27.5k (so far).

I do recall that in December 2018, BTC prices got down to about $3,124, and so at that time, the amount that I had invested into bitcoin was about 26% of the value of the whole BTC investment portfolio, so the move up from $3,124 to $47.5k seems to have made a pretty BIG difference percentage wise, and the correction from nearly $65k to $47.5k did not make a very BIG difference percentage wise…  - but I am not going to deny that the numbers still look decently BIGgily with a $17.5k price drop –

Still a little bit more difficult to get worried about the whole matter as compared to if the BTC prices were to go way down, including if they were to start to get close to the 4 digits.. or even start to approach $20k-ish (seems quite doubtful.. but you never know).  If we were to end up going down to something close to $20k, then my amount invested would end up constituting around 3.6% of the total value of my BTC investment.. The number would be getting BIGGER, but still seems to show that there is a considerable cushion for longer term BTC HODLers, even when BTC prices seem to be dropping outrageously – especially for those with larger average costs per BTC.

From these kinds of examples, some later BTC adopting peeps probably are realizing that the longer that a person is in the bitcoin accumulation and HODLing practices, the less bothered such OG HODLers inevitably seems to be affected by BTC price changes (whether corrections or even BTC price appreciations)  that are more worrisome for the later adopters.


Overall you are not going to get any argument from me, whether some of your skimming off is merely for funzies, or symbolic because I surely do subscribe to variations of profit taking along the way, whether you start slowly at 2x, 10x or 50x or if you wait for some higher number, there is a point that it is reasonable to shave off some profits along the way in my thinkenings.. especially, let’s say for example, you have around a $1k per BTC cost per investment, and maybe that were to constitute a modest 1% to 5% of your total investment portfolio at the time that you had achieved such $1k cost per BTC, and if the BTC price goes up to your number of $80k, then your BTC value has likely dwarfed your various other holdings, whether stocks, bonds, PMs, properties, blah blah blah.  So instead of being 1% to 5%of your total investment portfolio, your BTC holdings are surely in a kind of 90% to 95% range, and shaving off a few percent here or there is not really going to diminish your BTC holdings in any kind of meaningful sense, even though you largely may have ended up cashing out an amount that adds up to your initial investment value (or even more than that initial investment value amount).

Accumulation is going on around current price level, 30m chart is also very positive and  good crossover of Moving Average.. Huge break out is possible.

Free democratic societies don’t stand for fuck all except for mob rule by low IQ selfish ignorant morons..
Free?
More than half of citizens will vote away their free speech and right to bear arms for FREE shit and to counter their phony lie of “racism”..

Democracy is a mistake with an uneducated citizenry..
Most people shouldn’t have the right to vote at all..

It’s a fucking joke.. Democracy=free my ass..

“Democracy” will confiscate your guns all day long, confiscate your money if you work your ass off to not be poor, confiscate your words so others aren’t offended..
On and on..

3rd world fuckbrains with no loyalty to liberty and principles of individualism have taken over the polls.. They are only loyal to themselves and will run all of our countries right into the ground for instant gratification..
Exactly what THEY want..

Have an escape plan.. The west is over..

Democracy lmao

Welcome to The Netherlands

It has it's benefits though: if your investment goes from almost nothing to a lot in a short amount of time, you barely pay any taxes on those gains.
But if it's the other way around, you still pay taxes.

I've been thinking on your post all night, in fact.

It's really bothered me.

Then I had a "Eureka!" moment realizing it's only Democrats that pull off bullshit like that.

It makes sense in that context, seeing as how the left is increasingly attempting to shift towards socialism.

Exactly, the higher the taxes, the more avoidance. Also, a wealth taxes is outright confiscation and is against everything free democratic societies stand for. I don't know where you live but I'm guessing there are not a lot of rich people there.

The tax itself is still a deterrent to economic activity for the people paying the tax. I didn't say that some uses of the taxes couldn't also create a net positive in other areas. Some tax is necessary even when it is a deterrent to economic activity.

I've seen this argument before, but selling some of his shares to pay taxes doesn't matter to Amazon as a company.

That's why we have a "wealth tax": Bezos would pay 1.76% of his wealth in taxes each year if he'd live here.
Then again, being that rich you'd find ways around it and wouldn't pay the tax anyway.

That is not correct.

Remove all bridges and roads in all countries. Let me know which is harder on economy  no roads no bridges
no canals. Or taxes that build roads bridges and canals such as the panama and the suez.

The correct statement is many taxes are ill conceived and they can hurt the economy.

The way I see taxes

1-10% Perfectly acceptable
11-20% Annoying but ok
21-30% What exactly are you doing with all this money you are taking?
31-40% This starts to get ridiculous, better not go up
41-49% F*ck this shit
50%+ Bye!

Also it would be trivial to game the new cap gain tax law. Do you know how many wealthy U.S. millionaires/billionaires would be running around claiming exactly $999,999 in income on their taxes every year?

All of them.

Hell, most of the C-Level of the biggest U.S. companies don't even get paid an income, they take stock options as compensation.

Read it a lot as well though not to many of news around it, if that happened earlier...

I wonder if gembitz is completely or just slightly retarded.

Lol what an earth?! How can someone make 2 billion dollars from an exchange that couldn't be more obvious scam? (offering to sell dogecoins for 1/4 price).
There's no limit how stupid people can be when they are greedy.

Let's meet at 41-43.

And also this FUD

https://www.yahoo.com/news/turkish-crypto-founder-flees-reported-141606649.html

Anyone advocating for more taxes has been watching too much MSNBC. It's not about feeling sympathy for people who have billions, it's about people thinking the government is their daddy.

Do you think billionaires are swimming around in a pool of gold coins or pallets of $100s? Nearly all of the wealth that people are complaining about is on paper. Jeff Bezos owns a bunch of Amazon shares. If you raise the capital gains tax, he'll just never sell those shares. If the capital gains tax was lowered however, he might sell those shares and invest that money in some other endeavor which could create millions of new jobs. I'm betting the guy who created Amazon is a lot smarter than anyone in the government.

Nearly all the wealth in the world is invested in companies and profits are reinvested in other companies to create more and more jobs. Taxes stifle growth. All taxes are a deterrent to economic activity.

The Government is not your baby daddy and the more money the government takes, the less economic activity, jobs etc.

Buy the dip and hodl.  Nice sale on BTC