Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 8626. (Read 26720873 times)

Well, we do get a 12 grand or so tax free allowance per year which could be worse and covers some spending. I didn't realise the American rate was zero from the off which is nuts.

Capital gains is not one of those taxes that the average voter pays or gives a shit about so I can well imagine it'll rise at some point. It's a pretty soft target. And it would've been 90 billion per cent had Labour gotten in.

I’d like to see something similar passed in the UK.

I don’t think it’s fair I’ll have to pay up to 20% capital gains tax on an investment that I mostly bought in 2014-15.

In Germany there is 0% capital gains tax on assets that you have HODLED for over 12 months.

I’ll figure a way around it, I’ve been playing the system in business for years.

wait

so we get to launder it in $200 at a time?

transaction fees could eat that up pretty quick

This is super huge if it passes.  We will all become spenders as we rotate our hoards to a much higher cost basis.

Zhao in response to Peter Schiff’s negative comments about bitcoin & forgetting his wallet passphrase.




@cz_binance
1. This is probably 0.01 btc someone gave him as a gift.

2. The thread is entertaining due to the hopelessly illogical-ness.

3/5. It is amazing someone so illogical can attract that many followers. I guess there are multiple reasons one can become famous.
https://twitter.com/cz_binance/status/1219300617794940932?s=21

@cz_binance
4. Finally understood why he likes gold over bitcoin. Gold doesn’t have a password.

5. Unless, of course, if he uses a vault with a password to store the gold...
https://twitter.com/cz_binance/status/1219300619699146752?s=21

That would be great if that goes through.  I have made a few small purchases that have been annoying to keep track of (esp. cost basis for coins, I use FIFO accounting).  The larger purchases (gold) I kept careful track of because they were larger transactions.

Tiny purchases with BTC should be tax-free, the man-hours of doing the accounting are maddening.

I doubt that we are really saying anything different from one another, except maybe delving into the weeds a bit with a kind of particular scenario.  There is a lot fucked up in the USA regarding health care... that is for sure.  There are also likely way too many people in the USA who get wiped out financially by various medical issues that come up, so yeah, something like that might have higher odds of happening or becoming an issue than people credit (take into their accounts/contemplations), and of course, for you particularly, you might have to over-prepare in order to be feel that you are sufficiently comfortable, but you also might end up shooting yourself in the foot because you ended up over-preparing. 

I surely don't know the solution because you are referring to a real world issue that has a whole hell of a lot of significance in the USA, and more dire circumstances for some people rather than others in terms of how much insurance needs to be within the budget or if there is already a pre-existing condition and also whether they might be ready, willing or able to travel for treatment (which traveling surely might not be very practical for some people to have to consider traveling for medical treatment).

Lol man, told ya just recently, we are somehow connected obviously (no homo of course, haha) - even when you are not a big drinker, unlike me, lol. Gotta love wine! Greek wine is of course underrated, bad marketing (general problem with Greece actually ^^) - anyone needs suggestions, just hit me up

Drinking Prosecco!
On to our second bottle, not a big drinker myself, I prefer substance abuse

I had not previously seen that movie (the gambler), but that clip makes it look like a very interesting movie, and also yeah, very a propros of our discussion of adequate and sufficient aspiration levels.

I did watch the longer contextual part, too, and I like the lil part with the snotty waitress who refused to accept his ability to choose which beer... She surely would not be long in the waitressing business with that kind of attitude... but some of them do get like that.   

Good evening guys,

enjoying some greek wine and observing $8660... You guys with me?!

Yep, sure reads sort of self serving on his part.

I don't really disagree with any of what you said, including the unquoted parts. But having seen the medical issues destroy people's finances more than once, in my personal list of things it's on my list of "it's comin' down the pike" rather than "small chance Armageddon scenario", so as you point out each person has that different list of factors they consider at various priorities.

I totally get that some might see the large numbers and say "fuck it" instead of saving now, hopefully few to none on here, but I just consider it a journey. If I end up there great, if not, well I tried and will continually evaluate my options with regard to whatever curve balls life is throwing at me or likely to throw at me at the time.

Hmm. CZ sez put your money in his trust. Cui Bono?

Personally, I think that there tends to be a lot of posting of high and falutin numbers that just seem way too pie in the sky that might cause failure and refusal to pull the trigger by letting the perfect be the enemy of the good.

Of course we have to adequately account for changes in cost of living and things like that, but really by the time someone actually pulls the fuck you trigger, s/he should already have a decent idea regarding his/her previous lifestyle and to be able to continue to live within that lifestyle. 

There can be several factors that cause someone to require less in retirement/"fuck you" status than while being in some kind of "job."  1) Some of the expenses of the "job" as mentioned in my above post, but also, 2) just the fact that you might not necessarily feel that you need to continue to stack value and put that value into your retirement/"fuck you" fund because you have already reached the aspired passive income level towards which you had been aiming.

Regarding the second point.  I recall so many years of taking at least 10% or more of my income and putting it towards various investments, and after a while that fund starts to be able to sustain itself in some kinds of ways.  By the time, you get to retirement/"fuck you" status, you should have already been weaning yourself from having to input additional value into that fund.  Of course, you could have a passive income that is 10% or higher than the amount that you need in order that you would just continue to be putting value into the fund at about a rate of 10% which would hypothetically be consistent with your past investments habits/practices.

Of course, in the end, the factors will need to be weighed including known expenses and a bit of the known unknowns and the unknown unknowns, and sure there are going to be unknown unknowns that go way the fuck beyond your preparations, but if you have seriously put thought into the matter and adequately prepared, the outrageous unknown unknowns would have been such unlikely events anyhow, and we should not be planning our lives around events that are so damned unlikely.. like Armageddon or whatever.. yeah, Armageddon has about a 1% chance of happening, so don't fuck up your whole life and your ability to retire because you put way the fuck disproportionate preparation into that... like 20% or even 50% like some people seem to be inclined in those kinds of ways to prepare for holy shit not going to happen events - and I am NOT sure if that is just a means to talk themselves out of actually pulling the fuck you lever when they really should (but yeah, ultimately their discretion, and the above remain just factors to consider rather than trying to tell anyone what to do with their ultimate conclusions regarding what is important to them).

Where do you get this tripe?

Better to be a pissed off crazy cowboy than a somali pirate.

Congrats to your next step into the WO legendary sphere!

Network is stronger because of peeps like vapourminer, Searing, etc perhaps still buying and running those incredibly loud machines.
Personally, I feel that people might think of contributing by running a regular node, mining and/or running a LN node.
I love speculation, don't take me wrong, but we need to fight (still) for decentralization.

Nice..



Source: https://twitter.com/caprioleio/status/1219196321892052992