Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 9520. (Read 26610397 times)

Thank you! How could we manage without our daily Shelby? Luckily he's not a shill, since he explicitly said so.
/s

Don't be dissing spinners.

There is a kind of saying amongst some peeps that if you get them skinny, they are always gonna get BIGGER.

To me, that seems like a sign of having had over invested into BTC.

Of course, we have historically had outrageously bullish periods in bitcoin, and we currently seem to be in the midst of an outrageously bullish period  - yeah, it might not work out - meaning that the price might go down instead of up, but still.. fuck, we had about 3.5x price increase in less than 3 months, which came on the heels of a bout a year long bear market and consolidation in the $3ks that has now converted into consolidation that has been largely in the $9k to $12ks. 

I cannot see hardly any reason to be complaining about that, even if our potential upcoming bullrun gets delayed for a couple of years, we still are in a great position, including the fact that it seems that shitcoins are getting purged on the way up rather than on the way down.  Many of us were partly disheartened in bitcoin's situation because we kind of figured that there was going to be a continued dragging down of bitcoin because of the purging of the excessive value of shitcoins, but we have been able to experience an alternative scenario to have a purging of shitcoins while bitcoin is having some upwards price performance.

UP or down from here, I don't have many clues, but still seems to me that buying on the way down would be a better strategy than doing something irrational.  We are already bouncing in a bit more than a 30% price correction when we are in the $10k area that had gone down to a bit over 35% correction in the $9k area, so there is no given scenario that we have to have more down before up.. even though at the same time, it does seem to be that we remain in a bull market, therefore, up remains more likely than down, even if the fear index might be showing a decent amount of fear, currently.

 ^^
Five digital fight
Drunk not knowing what I write
But still, NO homo .....

Night mate, 10400 when you wake

Had a Nice dinner with gin and wine, a town party after, probably everyone can imagine my b00z status right now.....

Of to bed for early HODLsleep and skip the pee-pic

Nite WO-bro’s!!!!!!!! Love you HODLers!!!!!

moving to theymos floating island when? lel

it would be twice as tempting if CGT would go to 39.6%.
However, I am tempted to not sell at all and leave the tax question to my putative descendants.

Oh, btw, the Secure act in US (if Senate takes it) would mean that your kids and/or grandkinds would have to spend your unspent 401K and IRA in just 10 years. Their possible reaction:"Weeeee...free money!"

Gents, to provide a little clarity here, the 3k max is for deductions against regular income. So if you have a salary or wages then yes you can only roll over 3k worth of losses as deductions each year and this can be done till you die or run out of losses. But..... for capital gains you can deduct all your capital losses from prior years with no limit whatsoever. The way they fuck you is you could gain a million one year, pay taxes on it then lose a million the first day of the next year and get no refund for the taxes you paid the year prior. You would either have to make another million in capital gains to use those losses as a deduction or you would have to live 333 more years making a salary and writing off 3k each year. The tax man is a real sob. A more fair form of theft would allow you to get a refund for past taxes paid.

Agreed. I spent a few weeks living in San Juan deciding if it would be worth it living there half the year to get the tax savings. I eventually decided against it, but its a tempting proposition.

Lol, well I would agree with you here accept he is not President yet, so the trying means he is trying to win the election so he can facilitate said stealing.

Buy Bitcoin and lose your virginity Roach, its about time ya know.

Here you go, chart date August 12

Well nobody seemed to care cuz no one commented anything about it. But it doesn't matter cuz probably won't work anyway.

I must have missed it :/

I talked about it a few days ago in this thread. I made a chart, his "secret",  9 days before him. But now it probably won't work cuz too many people will trade the same thing.

Check this out:
https://www.tradingview.com/chart/BTCUSD/1QSGColK-My-Secret-Chart-For-When-To-To-Buy-Bitcoin-In-A-Bullish-Trend/

Hot on tradingview lately.

While true, if you enter into contract with PR gov under Act 20 or 22, there are huge tax advantages - crypto or not.

We all expect and know, there will be a time in the future, Bitcoin will become just like Gold.

Lifeless, non-volatile, boring.

As long as we do these %20 daily/weekly swings, it means we still haven't gotten there.

I have a slightly different long term scenario.
BTC rises to 55-60K during this bull, perhaps 350K in the next, but then succumbs to a long term bear market.
Maybe it would coincide with economic decline, maybe not, but these neat halving-induced bumps would stop (or be diminished) at some point. The timing of bear market would depend on when we will reach the mid term peak, which would be around 300-400K in the best case scenario, IMHO.