Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 6823.

600watt

legendary

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Quote from: FullNode on November 12, 2020, 12:47:44 PM

Quote

Bitcoin: Addressing Misconceptions

https://seekingalpha.com/article/4388422-bitcoin-addressing-misconceptions

that is a great read. what a sober take. impressed. the text is special because she is no bitcoin maxi but she uses maxi arguments. give this text to pre-coiners.

LFC_Bitcoin

legendary

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#1 VIP Crypto Casino

@HM, I hope not. I am not paying potentially millions of £ in tax. They can kiss my ass.

HairyMaclairy

legendary

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Degenerate bull hatter & Bitcoin monotheist

Quote from: LFC_Bitcoin on November 12, 2020, 02:34:15 PM

Quote from: HairyMaclairy on November 12, 2020, 02:30:11 PM

Quote from: LFC_Bitcoin on November 12, 2020, 02:18:17 PM

I have the same concerns, Bob.

UK CGT is currently 20%.
There are rumours next April the UK Gov will increase it to be aligned with the normal tax rate for high earners (salaried) which is 45%.

I am really & I mean really not cool with paying 45% CGT. If they raise it that much I will be looking to emigrate.

First I have heard of that.

The UK economy is going to be so fucked from Brexit and Covid that I think this is a 1 in a hundred chance.

Much more likely Boris will be hung up from his Johnson from the Parliament gates

UK CGT - http://www.bbc.co.uk/news/amp/business-54908037

Huh. I don’t believe it for a second though. Not this government.

HairyMaclairy

legendary

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Degenerate bull hatter & Bitcoin monotheist

Quote from: Biodom on November 12, 2020, 02:35:07 PM

Quote from: HairyMaclairy on November 12, 2020, 02:31:49 PM

Quote from: Biodom on November 12, 2020, 02:27:51 PM

Quote from: HairyMaclairy on November 12, 2020, 02:13:36 PM

Let’s pretend Biden doubles CGT. Which isn’t going to happen

You will still be better off selling next year.

Also, Biden isn’t going to do shit on taxes. He’s got bigger fights on his hands like fixing Covid.

exactly...it has to be 85% cap gains on 100K..20% cap gains on 16K (if your cost is close to zero) is 3.8K, 12.2k profit.
If btc is 100K, tax has to be 88% to get the same profit. Zero chance for such tax and any tax higher than maybe 30% or so.
30% is possible...I paid 39.7% cap gains in 2000. That was a howler (forgot about short term vs long term when trading Cheesy

)

Not to put too fine a point on it but it’s not cap gains short term, it’s income.

in US it is called short term cap gains, which, indeed, are taxed at the regular income rates.

Eh ok you are right.

Withdrawn.

JayJuanGee

legendary

Activity: 3962

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Self-Custody is a right. Say no to"Non-custodial"

Quote from: Hueristic on November 12, 2020, 01:55:48 PM

Quote from: JayJuanGee on November 12, 2020, 01:23:17 PM

Quote from: Hueristic on November 12, 2020, 12:10:23 PM

Quote from: Heater on November 12, 2020, 03:19:36 AM

New wordy man is far more interesting than old wordy man.

Also observing $16k incoming.

There is something to be said about consistency.

Which one is more (less) consistent? Asking for a friend.

Lets not try to answer questions about the fabric of time and space in haste.

This is a Conundrum that should be analyzed annually as new data is observed and correlated.

Well, that was a talented lil deflection and avoidance dance. Tongue

Quote from: Cryptotourist on November 12, 2020, 02:31:18 PM

Quote from: JayJuanGee on November 12, 2020, 12:35:53 PM

The last significant and somewhat lasting BTC price dip that we had was around 9/3 when there was a final attempt to get below $10k... and of course, no one really realized that such attempt at sub-$10k was going to end up playing out as a "final" one at that time.

Em, hem, excuse me, but I do seem to recall that a certain someone was convinced that it was the final $10k battle.
Never mind, who cares, lets have a drink:

None of those examples count as timely and/or sufficiently assertive predictions that 4 digits were gone forever (or final). Try ur lil selfie a wwwweeeee bit MOAR harder, next time. Tongue

Biodom

legendary

Activity: 3990

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Quote from: HairyMaclairy on November 12, 2020, 02:31:49 PM

Quote from: Biodom on November 12, 2020, 02:27:51 PM

Quote from: HairyMaclairy on November 12, 2020, 02:13:36 PM

Let’s pretend Biden doubles CGT. Which isn’t going to happen

You will still be better off selling next year.

Also, Biden isn’t going to do shit on taxes. He’s got bigger fights on his hands like fixing Covid.

exactly...it has to be 85% cap gains on 100K..20% cap gains on 16K (if your cost is close to zero) is 3.8K, 12.2k profit.
If btc is 100K, tax has to be 88% to get the same profit. Zero chance for such tax and any tax higher than maybe 30% or so.
30% is possible...I paid 39.7% cap gains in 2000. That was a howler (forgot about short term vs long term when trading Cheesy

)

Not to put too fine a point on it but it’s not cap gains short term, it’s income.

in US it is called short term cap gains, which, indeed, are taxed at the regular income rates.

LFC_Bitcoin

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Activity: 3556

Merit: 9709

#1 VIP Crypto Casino

Quote from: HairyMaclairy on November 12, 2020, 02:30:11 PM

Quote from: LFC_Bitcoin on November 12, 2020, 02:18:17 PM

I have the same concerns, Bob.

UK CGT is currently 20%.
There are rumours next April the UK Gov will increase it to be aligned with the normal tax rate for high earners (salaried) which is 45%.

I am really & I mean really not cool with paying 45% CGT. If they raise it that much I will be looking to emigrate.

First I have heard of that.

The UK economy is going to be so fucked from Brexit and Covid that I think this is a 1 in a hundred chance.

Much more likely Boris will be hung up from his Johnson from the Parliament gates

UK CGT - http://www.bbc.co.uk/news/amp/business-54908037

HairyMaclairy

legendary

Activity: 1442

Merit: 2282

Degenerate bull hatter & Bitcoin monotheist

Quote from: Biodom on November 12, 2020, 02:27:51 PM

Quote from: HairyMaclairy on November 12, 2020, 02:13:36 PM

Let’s pretend Biden doubles CGT. Which isn’t going to happen

You will still be better off selling next year.

Also, Biden isn’t going to do shit on taxes. He’s got bigger fights on his hands like fixing Covid.

exactly...it has to be 85% cap gains on 100K..20% cap gains on 16K (if your cost is close to zero) is 3.8K, 12.2k profit.
If btc is 100K, tax has to be 88% to get the same profit. Zero chance for such tax and any tax higher than maybe 30% or so.
30% is possible...I paid 39.7% cap gains in 2000. That was a howler (forgot about short term vs long term when trading Cheesy

)

Not to put too fine a point on it but it’s not cap gains short term, it’s income.

Cryptotourist

hero member

Activity: 1204

Merit: 755

Homo Sapiens Bitcoinerthalensis

Quote from: JayJuanGee on November 12, 2020, 11:41:11 AM

Here's what I think about your assessment of my algo.

Don't get me wrong JayJuan.
Humans are allowed to be arrogant. AI's are not.

Quote from: JayJuanGee on November 12, 2020, 12:35:53 PM

The last significant and somewhat lasting BTC price dip that we had was around 9/3 when there was a final attempt to get below $10k... and of course, no one really realized that such attempt at sub-$10k was going to end up playing out as a "final" one at that time.

Em, hem, excuse me, but I do seem to recall that a certain someone was convinced that it was the final $10k battle.
Never mind, who cares, lets have a drink:

Poker Player

legendary

Activity: 1372

Merit: 2017

Quote from: LFC_Bitcoin on November 12, 2020, 02:18:17 PM

I have the same concerns, Bob.

UK CGT is currently 20%.
There are rumours next April the UK Gov will increase it to be aligned with the normal tax rate for high earners (salaried) which is 45%.

I am really & I mean really not cool with paying 45% CGT. If they raise it that much I will be looking to emigrate.

45% is fucking insane. I don't know what politicians are thinking about when they plan to raises taxes like that. It is a sure way to destroy the economy.

HairyMaclairy

legendary

Activity: 1442

Merit: 2282

Degenerate bull hatter & Bitcoin monotheist

Quote from: LFC_Bitcoin on November 12, 2020, 02:18:17 PM

I have the same concerns, Bob.

UK CGT is currently 20%.
There are rumours next April the UK Gov will increase it to be aligned with the normal tax rate for high earners (salaried) which is 45%.

I am really & I mean really not cool with paying 45% CGT. If they raise it that much I will be looking to emigrate.

First I have heard of that.

The UK economy is going to be so fucked from Brexit and Covid that I think this is a 1 in a hundred chance.

Much more likely Boris will be hung up from his Johnson from the Parliament gates

nullius

copper member

Activity: 630

Merit: 2614

If you don’t do PGP, you don’t do crypto!

Quote from: Hueristic on November 12, 2020, 01:55:48 PM

Quote from: JayJuanGee on November 12, 2020, 01:23:17 PM

Quote from: Hueristic on November 12, 2020, 12:10:23 PM

Quote from: Heater on November 12, 2020, 03:19:36 AM

New wordy man is far more interesting than old wordy man.

There is something to be said about consistency.

Which one is more (less) consistent? Asking for a friend.

Lets not try to answer questions about the fabric of time and space in haste.

This is a Conundrum that should be analyzed annually as new data is observed and correlated.

A conundrum, indeed: One so consistent in principle, he will fight to the death for the privacy and anonymity that let you zombify and slowly kill yourself in secret. Cheesy

Quote from: Hueristic on November 12, 2020, 01:55:48 PM

analyzed... as new data is observed and correlated.

Am I now under surveillance? Shocked

BobLawblaw

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Neighborhood Shenanigans Dispenser

Quote from: OutOfMemory on November 12, 2020, 02:20:12 PM

Just if i eventually missed it: You won't sell all your coins in near future, will you?

Plan on passing my Bitcoin HODLings onto my nieces and nephews upon my passing; rolling all that into the estate.

Have more BTC than Rick and I could reasonably blow in a lifetime (No delusions of grandeur here); provided we manage living to a ripe, old age - I, for one, plan to at least be a centenarian.

I would be genuinely surprised if I liquidate more than 300 BTC within my lifetime, after this latest move.

Biodom

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Merit: 4597

Quote from: HairyMaclairy on November 12, 2020, 02:13:36 PM

Let’s pretend Biden doubles CGT. Which isn’t going to happen

You will still be better off selling next year.

Also, Biden isn’t going to do shit on taxes. He’s got bigger fights on his hands like fixing Covid.

exactly...it has to be 85% cap gains on 100K..20% cap gains on 16K (if your cost is close to zero) is 3.8K, 12.2k profit.
If btc is 100K, tax has to be 88% to get the same profit. Zero chance for such tax and any tax higher than maybe 30% or so.
30% is possible...I paid 39.7% cap gains in 2000. That was a howler (forgot about short term vs long term when trading Cheesy

)
BTW, I raised some cash from stonks. We might dip from here until spring, imho.

jojo69

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Activity: 3388

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diamond-handed zealot

Quote from: HairyMaclairy on November 12, 2020, 02:13:36 PM

Biden isn’t going to do shit on taxes.

HairyMaclairy

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Degenerate bull hatter & Bitcoin monotheist

Quote from: BobLawblaw on November 12, 2020, 02:15:49 PM

Quote from: HairyMaclairy on November 12, 2020, 02:13:36 PM

You will still be better off selling next year.

It's a good thing I have more to sell next year then, eh ?

More interested in getting Rick retired early, buying a nice 50-100 acre parcel of land, and start building something on it, sooner-than-later.

You guys have hung on for this long and I have to respect that.

bitebits

legendary

Activity: 2242

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Flippin' burgers since 1163.

Strap yourself in for retail FOMO buyers:

Nov 12, 2020
PayPal Removes Waitlist (U.S.) for New Crypto Service, Boosts Weekly Purchase Limit to $20K

https://www.coindesk.com/paypal-removes-waitlist-for-new-crypto-service

OutOfMemory

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

Quote from: BobLawblaw on November 12, 2020, 02:15:49 PM

Quote from: HairyMaclairy on November 12, 2020, 02:13:36 PM

You will still be better off selling next year.

It's a good thing I have more to sell next year then, eh ?

More interested in getting Rick retired early, buying a nice 50-100 acre parcel of land, and start building something on it, sooner-than-later.

Just if i eventually missed it: You won't sell all your coins in near future, will you?

LFC_Bitcoin

legendary

Activity: 3556

Merit: 9709

#1 VIP Crypto Casino

I have the same concerns, Bob.

UK CGT is currently 20%.
There are rumours next April the UK Gov will increase it to be aligned with the normal tax rate for high earners (salaried) which is 45%.

I am really & I mean really not cool with paying 45% CGT. If they raise it that much I will be looking to emigrate.

BobLawblaw

legendary

Activity: 1869

Merit: 5781

Neighborhood Shenanigans Dispenser

Quote from: HairyMaclairy on November 12, 2020, 02:13:36 PM

You will still be better off selling next year.

It's a good thing I have more to sell next year then, eh ?

More interested in getting Rick retired early, buying a nice 50-100 acre parcel of land, and start building something on it, sooner-than-later.

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