Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 6126. (Read 26711383 times)
February 10, 2021, 11:15:35 AM
Next big pump on the way?
February 10, 2021, 11:09:33 AM
Not sure whether this has already been posted but posting it anyway: here
*Zero Hedge explaining how JP Morgan will be wrong again.
*Zero Hedge explaining how JP Morgan will be wrong again.
February 10, 2021, 11:02:22 AM
If wealth taxes start being egregious, it might be time to consider an exit. Lots of countries where your money will go a long way.
here in the USA to renounce your citizenship (and thus never pay taxes to uncle sam again) you need to pay the exit tax on the entirety of your net worth. dont recall the percentage but 30% sticks in my head for some reason.
It's not net worth, it's your unrealized gains and only if you're worth more than $2million
https://www.irs.gov/individuals/international-taxpayers/expatriation-tax
IRC 877A imposes a mark-to-market regime, which generally means that all property of a covered expatriate is deemed sold for its fair market value on the day before the expatriation date. Any gain arising from the deemed sale is taken into account for the tax year of the deemed sale
That's pretty evil. I understand they're doing it to keep people from walking off with huge gains, but it's evil. You pay cap gains, your assets drop in price, and you're screwed. You just paid tax on non-existent gains.
February 10, 2021, 10:56:17 AM
I realized, that I only will get 4.5 btc for my car (okay, maybe 4 BTC I have to remove 20%, because it's used)... Last week it was 5... 
Wow, 4 BTC? What kind of car do you have?
My car is worth way under 1 BTC...
I "leased" me an Audi SQ8. I own a small company. So leasing makes sense here. (btw. not the RS - because I thought the tax department had a problem with it, had I talked earlier to my tax accountant, then it would be the RS Q8). So I didn'T spend any bitcoin on it. The first car I will spend Bitcoins on it, will be the Urus...
speaking of...
the other day I had to go into town for some business. We had just had a few inches of snow and some ice. What did I see parked on the street? I bright blue Urus !!! it was the first one I had ever seen in the flesh. Man, was that a beautiful car. It had been driving around in the slush and salty roads. This was the type of day that I would look for my worst car to drive. Could that have been their "sacrificial" car that they did not care about? I really wanted to do some interviewing and understand the situation. Maybe their mclarens or classic muscle cars just could not drive in the snow and ice and this was the only vehicle they had with 4 wheel drive.
If I could, I would buy me a urus ... but I have to admin ... the Audi is awesome. It's the last Diesel/Gasoil of it's kind... only 435hp but 900 Nm torgue... This car make fun and look from the inside like a space ship... I like this. So I am glad, the Urus looks the same from the Inside!
February 10, 2021, 10:52:41 AM
https://twitter.com/BTC_Archive/status/1359507256862248961
"Twitter CFO looking at buying #Bitcoin for their balance sheet."
"Twitter CFO looking at buying #Bitcoin for their balance sheet."
Sorry to be a party pooper, but I'm not really charmed by these FOMO pumps. What's the deal, all famous CEOs can go stand in line and one by one shout their bags or so?
That would not exactly be my idea as a dream strategy to implement BTC for daily use.
But You and I profit from that (not today ... all my buy orders downward are gonna eaten up...) but regardless your "dream", you make money and sooner or later, you can stop playing by their rules
(go to work from 9 to 5...) 
February 10, 2021, 10:41:40 AM
https://twitter.com/BTC_Archive/status/1359507256862248961
"Twitter CFO looking at buying #Bitcoin for their balance sheet."
"Twitter CFO looking at buying #Bitcoin for their balance sheet."
Sorry to be a party pooper, but I'm not really charmed by these FOMO pumps. What's the deal, all famous CEOs can go stand in line and one by one shout their bags or so?
That would not exactly be my idea as a dream strategy to implement BTC for daily use.
February 10, 2021, 10:36:58 AM
I realized, that I only will get 4.5 btc for my car (okay, maybe 4 BTC I have to remove 20%, because it's used)... Last week it was 5...
Wow, 4 BTC? What kind of car do you have?
My car is worth way under 1 BTC...
I "leased" me an Audi SQ8. I own a small company. So leasing makes sense here. (btw. not the RS - because I thought the tax department had a problem with it, had I talked earlier to my tax accountant, then it would be the RS Q8). So I didn'T spend any bitcoin on it. The first car I will spend Bitcoins on it, will be the Urus...
speaking of...
the other day I had to go into town for some business. We had just had a few inches of snow and some ice. What did I see parked on the street? I bright blue Urus !!! it was the first one I had ever seen in the flesh. Man, was that a beautiful car. It had been driving around in the slush and salty roads. This was the type of day that I would look for my worst car to drive. Could that have been their "sacrificial" car that they did not care about? I really wanted to do some interviewing and understand the situation. Maybe their mclarens or classic muscle cars just could not drive in the snow and ice and this was the only vehicle they had with 4 wheel drive.
February 10, 2021, 10:24:44 AM
https://twitter.com/BTC_Archive/status/1359507256862248961
"Twitter CFO looking at buying #Bitcoin for their balance sheet."
"Twitter CFO looking at buying #Bitcoin for their balance sheet."
February 10, 2021, 10:08:06 AM
Not it's just day traders messing around.
Next company to put BTC on their books will push it over $50k.
Next company to put BTC on their books will push it over $50k.
February 10, 2021, 10:04:38 AM
So sold my car to buy the dip... priorities gentlemen priorities ...
February 10, 2021, 09:54:04 AM
yep... yesterday 6k on coins are flown out of f2pool
by the timing of it, it looks like their coins went to Musk, lol.
US (TSLA) is better for it.
February 10, 2021, 09:49:57 AM
yep... yesterday 6k on coins are flown out of f2pool
There are millions of market participants and 6k coins is nothing compared to the whole market. If they want to sell at 1/10th of the cycle top, let them. There will either be buyers at this price or there won't. In the long run, it doesn't matter.
February 10, 2021, 09:49:11 AM
February 10, 2021, 09:47:06 AM
yep... yesterday 6k on coins are flown out of f2pool
February 10, 2021, 09:44:14 AM
Did start f2pool sell again? (Sorry, but on every Dip this comes to mind... as long they have this huge coin outflow...)
February 10, 2021, 09:38:59 AM
If wealth taxes start being egregious, it might be time to consider an exit. Lots of countries where your money will go a long way.
here in the USA to renounce your citizenship (and thus never pay taxes to uncle sam again) you need to pay the exit tax on the entirety of your net worth. dont recall the percentage but 30% sticks in my head for some reason.
It's not net worth, it's your unrealized gains and only if you're worth more than $2million
https://www.irs.gov/individuals/international-taxpayers/expatriation-tax
February 10, 2021, 09:31:50 AM
If wealth taxes start being egregious, it might be time to consider an exit. Lots of countries where your money will go a long way.
here in the USA to renounce your citizenship (and thus never pay taxes to uncle sam again) you need to pay the exit tax on the entirety of your net worth. dont recall the percentage but 30% sticks in my head for some reason.
February 10, 2021, 09:15:17 AM
excuse me for a momentary distraction...had to look and report back.
Stooooonks...Tilrayyyyy
nutso
Stooooonks...Tilrayyyyy
nutso
February 10, 2021, 09:14:28 AM
Now waiting for Apple and Amazon to join in! We will be filthy rich guys! 
yes, Apple & Amazon. btw don't forget Netflix too, I like watching Netflix and hope can extend my membership with Bitcoin February 10, 2021, 09:11:42 AM
I realized, that I only will get 4.5 btc for my car (okay, maybe 4 BTC I have to remove 20%, because it's used)... Last week it was 5...
Wow, 4 BTC? What kind of car do you have?
My car is worth way under 1 BTC...
My car is worth 0.001 bitcoin, and that's being generous, it runs great, starts without problem even now in the ice cold winter, and next year it will be 30 years old and no tax will ever have to be paid on it again. That's how you save money on your car.
Let me guess: is it a Volvo?
Yes!
A Volvo 940 automatic -92, you wanna see a picture?
Yes!
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