Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 5583.

OutOfMemory

legendary

Activity: 1708

Merit: 3439

Man who stares at charts (and stars, too...)

Quote from: Biodom on April 22, 2021, 06:19:23 PM

Quote from: OutOfMemory on April 22, 2021, 05:41:53 PM

Who expected the price not to go down after i bought?
I'm just a little annoyed that i didn't buy later.

In my mind, the following scene goes on and on:

Joe: "Fuck! Saylor, Musk, even my dickhead son bought a ton of bitcoin at prices lower than $20k. Now i have to fucking fomo-buy in at almost $60k, or what?!"
Janet: *raises hand*

Joe B. and Yellin' Janet? lol

Yep

EDIT: A quick green vape and off to bed. Bitcoin, surprise me in the morning, will ya? Cool

Biodom

legendary

Activity: 3892

Merit: 4331

Quote from: OutOfMemory on April 22, 2021, 05:41:53 PM

Who expected the price not to go down after i bought?
I'm just a little annoyed that i didn't buy later.

In my mind, the following scene goes on and on:

Joe: "Fuck! Saylor, Musk, even my dickhead son bought a ton of bitcoin at prices lower than $20k. Now i have to fucking fomo-buy in at almost $60k, or what?!"
Janet: *raises hand*

Joe B. and Yellin' Janet? lol

OutOfMemory

legendary

Activity: 1708

Merit: 3439

Man who stares at charts (and stars, too...)

Who expected the price not to go down after i bought?
I'm just a little annoyed that i didn't buy later.

In my mind, the following scene goes on and on:

Joe: "Fuck! Saylor, Musk, even my dickhead son bought a ton of bitcoin at prices lower than $20k. Now i have to fucking fomo-buy in at almost $60k, or what?!"
Janet: *raises hand*

lightfoot

legendary

Activity: 3164

Merit: 2258

I fix broken miners. And make holes in teeth :-)

Which means there is a fire sale for bitcoin going on RIGHT NOW!!!!!!!!!!!!!!!!!!

Torque

legendary

Activity: 3780

Merit: 5429

All this talk about cap gains increasing. Ya'll need to chill.

1. The proposal is a cap gain increase for those making over $1M/year in income. Average Joes unaffected.

...and it doesn't even matter, because...

2. It'll never, ever, ever, ever, ever, ever pass. Won't even make it to the floor. It's all just talk. Why? Because the politicians are beholden to the very elite that this would affect, that's why.

Biodom

legendary

Activity: 3892

Merit: 4331

Quote from: LoyceV on April 22, 2021, 03:32:52 PM

Quote from: xhomerx10 on April 22, 2021, 03:17:11 PM

I don't understand this. Rather than pay a (yet to be proposed) higher capital gains tax, Americans would pull their money out of the markets right now and put it into what? Is the plan to make no capital gains in the future?!

We don't have a capital gains tax, but as far as I understand you'd pay the current tax if you withdraw now.
So, if you gained $100 and tax is 20%, you owe $20 in taxes now if you realize the gains. Then you start from scratch with no gains, and taxes go up to 40% only on your future gains (not on your past gains).

I never really got this though: if the tax is fixed, why would you want to postpone paying the tax, if you have to pay it eventually anyway? Unless you're hoping for the tax to go down.

of course, no, it would be made retroactive to Jan 1, 2021, otherwise there will be gigantic tax-related selling over the rest of 2021.
why postpone paying the tax? because if you sell, whatcha going to do with 60% that is left. Invest again? lol
Besides, you can spread it out over the years.

Richy_T

legendary

Activity: 2576

Merit: 2267

1RichyTrEwPYjZSeAYxeiFBNnKC9UjC5k

Quote from: LoyceV on April 22, 2021, 03:32:52 PM

I never really got this though: if the tax is fixed, why would you want to postpone paying the tax, if you have to pay it eventually anyway? Unless you're hoping for the tax to go down.

There are often allowances and sometimes longer time invested means lower tax.

BitcoinGirl.Club

legendary

Activity: 2800

Merit: 2736

Farewell LEO: o_e_l_e_o

Quote from: Karartma1 on April 22, 2021, 03:51:47 PM

That is some serious red mayhem going on.
Relax and take a break, remember why you are bitcoiners and why you are here.
Don't panic.
You know the game.

Been playing the game since 2013/2014.
Too experienced to be panicked.
$100k is where the eyes are now.

Biodom

legendary

Activity: 3892

Merit: 4331

Quote from: xhomerx10 on April 22, 2021, 03:17:11 PM

Quote from: BitcoinBunny on April 22, 2021, 02:54:20 PM

I take it the Biden lovers here still love him after threatening to double capital gains tax, right, because it's gonna go to a "good cause"?

https://www.msn.com/en-us/money/markets/biden-to-propose-capital-gains-tax-of-396-to-fund-education-and-child-care-reports-say/ar-BB1fWevE

Probably why your corn is worth a bit less at the moment.

I don't understand this. Rather than pay a (yet to be proposed) higher capital gains tax, Americans would pull their money out of the markets right now and put it into what? Is the plan to make no capital gains in the future?!

Exactly. Why sell and pay more than 50% tax in some states (43.4% in TX) on above 400k (or is it a mil)?
The position that you don't have to sell is further solidified by this.
I wouldn't like to pay 50% on what came from holdling through blood, sweat and tears and I legally wouldn't have to if I DON'T SELL.

For some, like Bawb, it is too late as they will make it retroactive to Jan 1, 2021, no doubt (if it passes).
A big boost to all btc lending services. However, if your btc collateral is liquidated, then you would have to pay cap gains taxes:
https://www.forbes.com/sites/shehanchandrasekera/2021/03/17/how-are-crypto-loans-taxed

Of course, there could be even more wicked schemes about yearly taxation of unrealized gains, but i would deal with that when it materializes.

somac.

legendary

Activity: 2050

Merit: 1184

Never selling

Quote from: El duderino_ on April 22, 2021, 04:08:37 PM

Quote from: BitcoinBunny on April 22, 2021, 04:02:30 PM

Quote from: El duderino_ on April 22, 2021, 03:55:29 PM

Quote from: BitcoinBunny on April 22, 2021, 03:48:47 PM

Forget it, after that announcement 43K.

LoL, like 43 is a sure thing .... Damn man have hear those bear predictions so many times for the last 6-7 years ... Its all BS imo and all nothing burgers just like most if not all TA and stuff

A drop, possible, rise possible as well its just a coinflip for the traders and a whatever for the long term hodlers...

Gonna hit the HODLnest and keep on the HODL.

Just looking at support levels.
I'm not selling but people are stupid and we know what happens with FUD news and a panic.
Hope we don't dip below 50K at all but if it does who knows where it goes.

When there are TA's suggesting up, then i'm all ears... if not then whatever support, rsi, wma, fib, clouds, triangles, whatever of those things... Its all just noise and indicators to lose money or to make people scared etc nothing more...

People user account increase, halvings--> decreasing supply, scarcity, FIAT out of thin air,inflation .... just give me this above whatever TA BS anyday...

That 43k roughly matches a 30% correction from ATH, which is traditionally the kind of pullback we get in a pull market. I think 45k is a safer bet which is more of an exact 30% correction. Do I want it to go down there? No. Will I buy more corn if it does? Yep.

Hhampuz

legendary

Activity: 3038

Merit: 6194

Meh.

Quote from: BobLawblaw on April 22, 2021, 04:14:02 PM

Quote from: Hhampuz on April 22, 2021, 03:05:07 PM

Imagine taking out capital gains over $1m anyways.. What is this, why not just convert to corn ASAP?

Well, like, I mean... building a sprawling ranch in East Texas costs more than a couple bucks ya know...

You hiring people who don't accept corn? Tell them to join the rest of us in the 21st century Grin

vapourminer

legendary

Activity: 4354

Merit: 3614

what is this "brake pedal" you speak of?

Quote from: Karartma1 on April 22, 2021, 03:51:47 PM

That is some serious red mayhem going on.
Relax and take a break, remember why you are bitcoiners and why you are here.
Don't panic.
You know the game.

did i miss something? am i supposed to start the scream like a little girl thing?

looks like its just doing its bitcoin thing tbh

JohnnyUranus

member

Activity: 130

Merit: 14

Just bought 0.015 btc, thats it, no more money in my exchange account atm.

BobLawblaw

legendary

Activity: 1869

Merit: 5781

Neighborhood Shenanigans Dispenser

Quote from: Hhampuz on April 22, 2021, 03:05:07 PM

Imagine taking out capital gains over $1m anyways.. What is this, why not just convert to corn ASAP?

Well, like, I mean... building a sprawling ranch in East Texas costs more than a couple bucks ya know...

El duderino_

legendary

Activity: 2716

Merit: 13505

BTC + Crossfit, living life.

Quote from: BitcoinBunny on April 22, 2021, 04:02:30 PM

Quote from: El duderino_ on April 22, 2021, 03:55:29 PM

Quote from: BitcoinBunny on April 22, 2021, 03:48:47 PM

Forget it, after that announcement 43K.

LoL, like 43 is a sure thing .... Damn man have hear those bear predictions so many times for the last 6-7 years ... Its all BS imo and all nothing burgers just like most if not all TA and stuff

A drop, possible, rise possible as well its just a coinflip for the traders and a whatever for the long term hodlers...

Gonna hit the HODLnest and keep on the HODL.

Just looking at support levels.
I'm not selling but people are stupid and we know what happens with FUD news and a panic.
Hope we don't dip below 50K at all but if it does who knows where it goes.

When there are TA's suggesting up, then i'm all ears... if not then whatever support, rsi, wma, fib, clouds, triangles, whatever of those things... Its all just noise and indicators to lose money or to make people scared etc nothing more...

People user account increase, halvings--> decreasing supply, scarcity, FIAT out of thin air,inflation .... just give me this above whatever TA BS anyday...

BitcoinBunny

legendary

Activity: 1526

Merit: 2617

Quote from: El duderino_ on April 22, 2021, 03:55:29 PM

Quote from: BitcoinBunny on April 22, 2021, 03:48:47 PM

Forget it, after that announcement 43K.

LoL, like 43 is a sure thing .... Damn man have hear those bear predictions so many times for the last 6-7 years ... Its all BS imo and all nothing burgers just like most if not all TA and stuff

A drop, possible, rise possible as well its just a coinflip for the traders and a whatever for the long term hodlers...

Gonna hit the HODLnest and keep on the HODL.

Just looking at support levels.
I'm not selling but people are stupid and we know what happens with FUD news and a panic.
Hope we don't dip below 50K at all but if it does who knows where it goes.

fillippone

legendary

Activity: 2380

Merit: 17063

Fully fledged Merit Cycler - Golden Feather 22-23

Quote from: LoyceV on April 22, 2021, 03:32:52 PM

Quote from: xhomerx10 on April 22, 2021, 03:17:11 PM

I don't understand this. Rather than pay a (yet to be proposed) higher capital gains tax, Americans would pull their money out of the markets right now and put it into what? Is the plan to make no capital gains in the future?!

We don't have a capital gains tax, but as far as I understand you'd pay the current tax if you withdraw now.
So, if you gained $100 and tax is 20%, you owe $20 in taxes now if you realize the gains. Then you start from scratch with no gains, and taxes go up to 40% only on your future gains (not on your past gains).

I never really got this though: if the tax is fixed, why would you want to postpone paying the tax, if you have to pay it eventually anyway? Unless you're hoping for the tax to go down.

Maybe it's just me being Italian, but taxes are going down.
Numbers go up, taxes go up.
If the taxes are big enough, you don't pay the taxes.
If the taxes are big enough you can find ways to avoid taxation.
Only poor people pay taxes.

Basically this:

https://twitter.com/btc_archive/status/1385324038034182154?s=21

LFC_Bitcoin

legendary

Activity: 3556

Merit: 9709

#1 VIP Crypto Casino

https://twitter.com/aperfect_system/status/1385335137077022722?s=21

Few

El duderino_

legendary

Activity: 2716

Merit: 13505

BTC + Crossfit, living life.

Quote from: Karartma1 on April 22, 2021, 03:51:47 PM

That is some serious red mayhem going on.
Relax and take a break, remember why you are bitcoiners and why you are here.
Don't panic.
You know the game.

Just a bit of advantage taking to create a dip.... we all have seen this like every few weeks for like 10 years...

El duderino_

legendary

Activity: 2716

Merit: 13505

BTC + Crossfit, living life.

Quote from: BitcoinBunny on April 22, 2021, 03:48:47 PM

Forget it, after that announcement 43K.

LoL, like 43 is a sure thing .... Damn man have hear those bear predictions so many times for the last 6-7 years ... Its all BS imo and all nothing burgers just like most if not all TA and stuff

A drop, possible, rise possible as well its just a coinflip for the traders and a whatever for the long term hodlers...

Gonna hit the HODLnest and keep on the HODL.

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