Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 8371. (Read 26713125 times)

Most western countries "only" take "around" 20%. Some even less.

Tbh I am more ok with paying that tax when I do sell than with the obligation to report my "hodlings". That REALLY pisses me off. I don't want them to fucking know how much (or how little) BTC I do have! What's next? Be forced to let them "custody" it for me so that I don't have a boating accident in the future?

another columb actual dollars spend would be good here

The one that only takes 20% of my corns at most. So not one of the western ones.

Kind of like when the US Govt outlawed possession of gold. Not much changes.

Don't worry though, if you are rich enough laws do not apply to you. Cultivate political pull, it is the currency of the next century.

Which is why I have always said the S2F will only be valid until it isn't, and that is probably coming soon.... maybe in one year, maybe two... It is just a matter of time it reaches a price mathematically impossible to achieve. But way sooner than reaching that point it will begin to fail.

Can Bitcoin reach $100K in the next couple of years? Yes, it is a *possibility*. I don't even give it a 50/50 chance... which is a lot anyways!

Can S2F model still be valid 10 years from now? No, it simply can't.

Nice hopium though.

Just got an email from Trezor with a link to their halving blog which mostly shits on PlanBTC stock to flow model.  I've always considered the S2F strong hopium for hodlers so nothing new but nice to get level-headed approach to alternative narratives.


TLDR, S2F model shows scarcity, not demand. Price and demand historically goes up with each supply halving, how much this time, still nobody knows.

Bypass governments? Near 100% habitable land on earth is already government controlled. At the most you can choose which one do you prefer to live under...

That is why we need the infrastructure in place to bypass them completely.


Working with institutions is only going to lead to more of the same.

brilliant

Surely rpietila has had some of his days of fame in the forum, but he seemed to have had gone completely bonkers including a lot of drama and including scamming the fuck out of peeps.

Funny that he would want to show himself in these here parts.  Maybe he got some help?  Hopefully.  Maybe he could update us on what is going on in his life.  Some peeps had even speculated that he might no longer be alive after certain happenings, but then we had the burning of the castle drama, too.... so might be some opportunities to get updated on some of those matters, if we can take the possible drama.  Pray tell, rpietila.


I should say, "oh my god," too.

I guess he is back into pumpening efforts, so yeah, he seems to be able to assemble some order, and surely he is not a dumb guy, even if he has burned a lot of bridges, already, in these here parts.

Accordingly, there are people looking for a leader, and he is looking to lead... ... so maybe it is all going to work out, like Ruja Ignatova.

Not at all. I am very pissed atm. But I knew that had to happen. I just thought crypto was still minor enough to not warrant that kind of new rules. I guess adoption is already reaching levels where they think they need to use the "tools" at their disposal.

Governments would never let everyone go and switch to a different kind of asset they can't control in some way. Making kind of "ilegal" to have "hidden assets" (unreported to them) they secure they can control the flow (and taxable events) of those.

Also, this is what happens when a radical left wing alliance takes over the government as it has happened in Spain: The horror.

Fucking communists.

Thank you very much.
Not a good sign.

https://www.libremercado.com/2020-02-20/gobierno-criptomonedas-limite-bitcoiin-1276652560/

Do you have a link?

Damn!

The law that forces everyone to report/declare any crypto holdings have been passed (not yet effective). Soon I will have to do it or risk never been able to convert to banking fiat in the future. Also HUGE fines for anyone that doesn't do it and it is later discovered.

I always knew this had to happen eventually as that is the most effective way of control against tax fraud and money laundering but I had hope that it would take a few more years.

The country is Spain, but I don't see any reasons for other countries not doing the same eventually.

I don't think anyone's heard from him since his castle burned down. I was wondering if he's still alive.

As for going off the rails, he was always somewhat "colorful". Obviously didn't GAF about opsec. Arrogantly flamboyant.  

Repetition has never stopped me.    

There are a lot of ways to attempt to categorize how much value you have invested into bitcoin versus what is your investment (or quasi-investable assets).  You have a business too, right?  I understand that some investments are not very liquid, but I think that amongst the most accurate ways to calculate your investment into bitcoin as compared with other assets is to count them all, including your home and an apartment that you own and your business. 

Sure, sometimes, you might want to shave off some of the value of certain investments if they are either NOT very liquid or if they have some encumbrances, such as a co-owner who you may have to convince to liquidate, if you were to need to.

Another calculation might be to figure out how much money that you might have that you have already dedicated to BTC.  I tend to set money aside for BTC, but I don't necessarily spend it right away on BTC, but I instead plug it into my formula that has various categories.  Let's say that I have already projected that I have $200 extra in cash coming in in March, May, July and August, and I have $500 extra coming in April and June, so that has already been plugged into my anticipated cash available for bitcoin investments and it counts in my calculating of what I have available so it would be dedicated to DCA and buying on dips.  However, for some reason during that 6 month period, I receive an extra $900 that I had not expected.  The extra $900 would be divided into 3 to buy immediately with $300 and then the other two portions of $300 would each be plugged in for DCA and buying on dips, respectively.

Also, for me, personally, I have repeated almost a zillion times to that deaf-ass diptwat, lambie bambie, that I had targeted 10% as my initial investment amount that I had largely reached in late 2014 - yet we know what happened in 2015... (largely flat prices at the bottom), so DCA had pretty much caused my own allocation to end up going into the 13% territory... and then we also know what happened between late 2015 and late 2017, BTC did about a 78x price increase, and it still did not really bottom out below 12x (to preserve at least 12x), so I personally had already decided that personally I was not going to diversify out of BTC..... so fuck that diptwat deaf-ass hears what he wants to hear lambie bambie, and I don't need to disclose anymore of my particulars, even though I continue to recommend that starting considerations during injecting new value into BTC are likely good to be focusing on 1% to 10% as a starting guideline, and with bitcoin you largely do not need to leverage or to overdo anything in order to still have a large chance of getting rich as fuck from BTC... No need to gamble, leverage or jeopardize yourself in any kind of way in order to still become rich as fuck.   

That's not new. Several years ago the full list of claimants/claims was published by the trustee itself. It is ok considering it is standard procedure in bankruptcy proceedings.

Had my amount agreed a long time ago though.

Just noticed a fairly significant OPSEC violation in the claims: Have access to all claims, names and amounts!