Explanation
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Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 617. (Read 26710681 times)
July 21, 2024, 06:01:15 AM
July 21, 2024, 05:01:16 AM
July 21, 2024, 04:13:17 AM
Yeah, Buddy. Wouldn't be bad to close the weekly above $67k...
July 21, 2024, 04:05:10 AM
Say uh buddy. We appreciate the work you done for us, we really do. But I just got a call from the big guy and, well, he says its not enough. 🤷
It would be a personal favor to us if you could, you know, pick things up a bit. Or else, well I hate to say it, but things could get difficult for you.
It would be a personal favor to us if you could, you know, pick things up a bit. Or else, well I hate to say it, but things could get difficult for you.
Buddy POV
July 21, 2024, 04:01:16 AM
July 21, 2024, 03:01:14 AM
July 21, 2024, 02:01:14 AM
July 21, 2024, 01:01:17 AM
July 21, 2024, 12:52:39 AM
Say uh buddy. We appreciate the work you done for us, we really do. But I just got a call from the big guy and, well, he says its not enough. 🤷
It would be a personal favor to us if you could, you know, pick things up a bit. Or else, well I hate to say it, but things could get difficult for you.
It would be a personal favor to us if you could, you know, pick things up a bit. Or else, well I hate to say it, but things could get difficult for you.
July 21, 2024, 12:01:14 AM
July 20, 2024, 11:01:15 PM
July 20, 2024, 10:14:23 PM
buddy may drag us pass 68k on sunday. It would be nice.
it would..if you let it have streaks...I kid, i kid
July 20, 2024, 10:12:12 PM
buddy may drag us pass 68k on sunday. It would be nice.
July 20, 2024, 10:01:17 PM
July 20, 2024, 09:59:16 PM
If you did not see it yet:
Grayscale somehow managed to 'acquire' the BTC ticket for it's new mini-trust (which will get 10% of GBTC's bitcoin and would have the low 0.15% fee).
The last day of trade in GBTC that would allow you to get the mini-trust is July 29 (if you would buy on July 30, then you would not get any distribution).
The price of GBTC would decrease by 10% on the 30th plus minus regular market fluctuations.
Since the distribution is 1:1 in shares, this means that mini will have a price of $5-6, most likely (if current prices prevail)-probably to entice the retail:
"look mom, BTC is at $6 per-a bargain!"
I already exchanged 2/3 of my GBTC in IRAs to IBIT/FBTC mixture (basically have 1:1:1 now).
Not sure if i should sell before the distribution or get a mini first.
No cap gains anyway, since it is an IRA, but the account cost basis would increase, of course.
Grayscale somehow managed to 'acquire' the BTC ticket for it's new mini-trust (which will get 10% of GBTC's bitcoin and would have the low 0.15% fee).
The last day of trade in GBTC that would allow you to get the mini-trust is July 29 (if you would buy on July 30, then you would not get any distribution).
The price of GBTC would decrease by 10% on the 30th plus minus regular market fluctuations.
Since the distribution is 1:1 in shares, this means that mini will have a price of $5-6, most likely (if current prices prevail)-probably to entice the retail:
"look mom, BTC is at $6 per-a bargain!"
I already exchanged 2/3 of my GBTC in IRAs to IBIT/FBTC mixture (basically have 1:1:1 now).
Not sure if i should sell before the distribution or get a mini first.
No cap gains anyway, since it is an IRA, but the account cost basis would increase, of course.
I am not familiar with IRA and stuff, but when you switched out of GBTC to switch in IBIT, did you record a taxable event? You had to be careful of any procedure?
Sorry to speak about theft on this thread.
FYI:
Regular IRA (individual retirement account) in US -trades are not taxable (no cap gains tax), but withdrawals are treated as income.
Roth IRA in US-both trading and withdrawals (after being more than 59.5 years old
) are NOT taxable, but contributions are made on an after-tax basis (you got income, you got taxed, you contributed some of the remainder-up to only a certain $$ a year). P. Thiel has built a $5 bil Roth, lol.At first i did not get what "theft" you are talking about..then i got it..you are talking about the t-word, right?
July 20, 2024, 09:14:00 PM
If you did not see it yet:
Grayscale somehow managed to 'acquire' the BTC ticket for it's new mini-trust (which will get 10% of GBTC's bitcoin and would have the low 0.15% fee).
The last day of trade in GBTC that would allow you to get the mini-trust is July 29 (if you would buy on July 30, then you would not get any distribution).
The price of GBTC would decrease by 10% on the 30th plus minus regular market fluctuations.
Since the distribution is 1:1 in shares, this means that mini will have a price of $5-6, most likely (if current prices prevail)-probably to entice the retail:
"look mom, BTC is at $6 per-a bargain!"
I already exchanged 2/3 of my GBTC in IRAs to IBIT/FBTC mixture (basically have 1:1:1 now).
Not sure if i should sell before the distribution or get a mini first.
No cap gains anyway, since it is an IRA, but the account cost basis would increase, of course.
Grayscale somehow managed to 'acquire' the BTC ticket for it's new mini-trust (which will get 10% of GBTC's bitcoin and would have the low 0.15% fee).
The last day of trade in GBTC that would allow you to get the mini-trust is July 29 (if you would buy on July 30, then you would not get any distribution).
The price of GBTC would decrease by 10% on the 30th plus minus regular market fluctuations.
Since the distribution is 1:1 in shares, this means that mini will have a price of $5-6, most likely (if current prices prevail)-probably to entice the retail:
"look mom, BTC is at $6 per-a bargain!"
I already exchanged 2/3 of my GBTC in IRAs to IBIT/FBTC mixture (basically have 1:1:1 now).
Not sure if i should sell before the distribution or get a mini first.
No cap gains anyway, since it is an IRA, but the account cost basis would increase, of course.
I am not familiar with IRA and stuff, but when you switched out of GBTC to switch in IBIT, did you record a taxable event? You had to be careful of any procedure?
Sorry to speak about theft on this thread.
July 20, 2024, 09:01:15 PM
July 20, 2024, 08:15:21 PM
If you did not see it yet:
Grayscale somehow managed to 'acquire' the BTC ticker for it's new mini-trust (which will get 10% of GBTC's bitcoin and would have the low 0.15% fee).
The last day of trade in GBTC that would allow you to get the mini-trust is July 29 (if you would buy on July 30, then you would not get any distribution).
The price of GBTC would decrease by 10% on the 30th plus minus regular market fluctuations.
Since the distribution is 1:1 in shares, this means that mini will have a price of $5-6, most likely (if current prices prevail)-probably to entice the retail:
"look mom, BTC is at $6 per-a bargain!"
I already exchanged 2/3 of my GBTC in IRAs to IBIT/FBTC mixture (basically have 1:1:1 now).
Not sure if i should sell before the distribution or get a mini first.
No cap gains anyway, since it is an IRA, but the account cost basis would increase, of course.
Grayscale somehow managed to 'acquire' the BTC ticker for it's new mini-trust (which will get 10% of GBTC's bitcoin and would have the low 0.15% fee).
The last day of trade in GBTC that would allow you to get the mini-trust is July 29 (if you would buy on July 30, then you would not get any distribution).
The price of GBTC would decrease by 10% on the 30th plus minus regular market fluctuations.
Since the distribution is 1:1 in shares, this means that mini will have a price of $5-6, most likely (if current prices prevail)-probably to entice the retail:
"look mom, BTC is at $6 per-a bargain!"
I already exchanged 2/3 of my GBTC in IRAs to IBIT/FBTC mixture (basically have 1:1:1 now).
Not sure if i should sell before the distribution or get a mini first.
No cap gains anyway, since it is an IRA, but the account cost basis would increase, of course.
July 20, 2024, 08:01:15 PM
July 20, 2024, 07:02:32 PM
Any idea why that jump yesterday ?
I thought maybe Trump dodged another bullet but it wasn't so.
Maybe this,maybe I thought maybe Trump dodged another bullet but it wasn't so.
https://cryptoslate.com/crypto-market-defies-tech-stock-rout-as-bitcoin-breaks-66000-amid-trump-rumors/
"Bitcoin’s latest rally is fueled by several factors, the most prominent of which are rumors that former President Donald Trump may plan to announce intentions to make BTC a strategic reserve asset for the US."
Yeah might be that. My stock portfolio has actually been hit by that tech krach, more than compensated by the BTC price.
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