Explanation
Chartbuddy thanks talkimg.com
Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 97. (Read 26710925 times)
December 15, 2024, 09:01:13 PM
December 15, 2024, 08:56:23 PM
For 2025 I see two strong positive possibilities (among others):
1. If they announce SBR (strategic bitcoin reserve) in US, the only way they can accumulate bitcoin fast enough (and not overpay) would be to announce that if you send your bitcoin to SBR, all your cap gains are tax free. Of course, they could say that you also need to have it for one year or more, which could be just fine.
2. They could make bitcoin a permissible subject of a 1031 exchange. Before (in 2017), they specifically excluded it, but if that law would be amended, it would be another positive step for the price. 1031 exchange right now could only be done with real estate. This is basically a rule that you can "exchange" one RE property for another. Cap gains then are considered to be "transferred" to a new property. Before 2017 many types of property exchange were allowed, but the only remaining now is RE.
https://www.investopedia.com/terms/s/section1031.asp
overpaying could well be part of their plan. They fill their bags (like Trumps son did) and then they pump the price into Nirvana... most gainz for them... 1. If they announce SBR (strategic bitcoin reserve) in US, the only way they can accumulate bitcoin fast enough (and not overpay) would be to announce that if you send your bitcoin to SBR, all your cap gains are tax free. Of course, they could say that you also need to have it for one year or more, which could be just fine.
2. They could make bitcoin a permissible subject of a 1031 exchange. Before (in 2017), they specifically excluded it, but if that law would be amended, it would be another positive step for the price. 1031 exchange right now could only be done with real estate. This is basically a rule that you can "exchange" one RE property for another. Cap gains then are considered to be "transferred" to a new property. Before 2017 many types of property exchange were allowed, but the only remaining now is RE.
https://www.investopedia.com/terms/s/section1031.asp
maybe we get to beat gold market cap.
Yep. Various times I hear Schiff talking about bitcoin as compared with Gold, and he will say thing like:
1) "bitcoin is only pumping because ETFs"
2) "bitcoin is only pumping because the US Government is pumping our bags"
3) "bitcoin is only pumping because people are deluded about bitcoin and they just pump it for the mere sake of pumping it"
4) "bitcoin is only pumping because China"
5) "bitcoin is only pumping because Bukele and El Salvador"
6) "bitcoin is only pumping because MSTR"
7) "bitcoin is only pumping because various shitcoins exist that causes bitcoin to rise in price"
8 ) "bitcoin is only pumping because Max Keiser told me about it when it was $10 and I thought it was a bubble then, and I still think it is a bubble"
9) "bitcoin is only pumping because blah blah blah"
Schiff tends to have a lot of lame and whiny excuses regarding why bitcoin is pumping and it should not be pumping which truly is irresponsible for him as a fiduciary to his clients if he is failing to allocate in responsible ways, even if he had taken a 1% allocation to bitcoin in 2012, when he first heard about it, he would have been in a much better hedged position... rather than his seemingly ongoing and increasingly obvious dumb whining about how the various price pumps of bitcoin are just artificial and have little to no substance behind them, so frequently it can be difficult to feel sorry for the guy..and I suppose his clients are dumb too for staying with him, even though Schiff should have some responsibility in regards to how he has been steering his clients over the years.
Will I live to see,
A multiversal blockchain?
Schrödinger'scat horse bounce!
A multiversal blockchain?
Schrödinger's
FTFY
...I had an idea recently that I wanted to present here, just for fun really. We have been in a range from about $99k - $103k for weeks now. Why might that be?
Perhaps because some HODLers (myself included) wanted to have a record, a "souvenir", that they sold some BTC at over $100k. A psychological thing. In my case, I just sold a smidgeon of BTC at a (bitbo.io) price of a bit over $103k. But, Gemini (my exchange) does not actually pay that. They take about 2% of the selling price (plus a fee). So, I only got my sale proceeds at an actual price of about $101,250. That is the first time I actually have a sale of BTC at a real price of over $100,000.
I would speculate that there are rather many who would take a slice of their HODLings for that psychological 6-figure sale. They did it! They can show their friends or family that they sold over $100k! What geniuses!
That might also mean that when those HODLers take that souvenir, there might be somewhat less selling, and BTC price can resume its upward march...
^--- The above is just a thought. I don't pretend that it means much or anything. I just present it, well, as something that that you all might enjoy or make you go "Hmm"...
Reading your post I feel motivated to sell some sats above 100k as well... Perhaps because some HODLers (myself included) wanted to have a record, a "souvenir", that they sold some BTC at over $100k. A psychological thing. In my case, I just sold a smidgeon of BTC at a (bitbo.io) price of a bit over $103k. But, Gemini (my exchange) does not actually pay that. They take about 2% of the selling price (plus a fee). So, I only got my sale proceeds at an actual price of about $101,250. That is the first time I actually have a sale of BTC at a real price of over $100,000.
I would speculate that there are rather many who would take a slice of their HODLings for that psychological 6-figure sale. They did it! They can show their friends or family that they sold over $100k! What geniuses!
That might also mean that when those HODLers take that souvenir, there might be somewhat less selling, and BTC price can resume its upward march...
^--- The above is just a thought. I don't pretend that it means much or anything. I just present it, well, as something that that you all might enjoy or make you go "Hmm"...
Hahahahaha
It's a sign.
Aka .. weak hands.
Aka dummy.. .
#justsaying
December 15, 2024, 08:49:48 PM
(As of 16 Dec, 2024)
6. 🌐 Alphabet (Google) - $2.332 T
7. ₿ Bitcoin - $2.083T
6. 🌐 Alphabet (Google) - $2.332 T
7. ₿ Bitcoin - $2.083T
December 15, 2024, 08:35:02 PM
https://www.yahoo.com/news/openai-whistleblower-found-dead-apparent-050222303.html
you have to wonder why do so many whistle blowers kill themselves?
you have to wonder why do so many whistle blowers kill themselves?
don't !! that's where right wing extremists, anti-vaxxers, conspiracy theorists and evil persons go...
not going to be an antivaxer.
I pretty much purple
part left
part center
part right
December 15, 2024, 08:05:15 PM
100K€ yay
As my timing is always impeccable I tried to trade today and sold a bit over 1% of my stash at 103900$, you can thank me, now we're never going down to my buy back price of 96900$.
It was corn I had laying around on an exchange so technically not part of my stash.
And I probably need the money to buy a McMansion I'm looking at so if I can never buy back it's not a big deal, but still I'd have liked that one trade to work out.
As my timing is always impeccable I tried to trade today and sold a bit over 1% of my stash at 103900$, you can thank me, now we're never going down to my buy back price of 96900$.
It was corn I had laying around on an exchange so technically not part of my stash.
And I probably need the money to buy a McMansion I'm looking at so if I can never buy back it's not a big deal, but still I'd have liked that one trade to work out.
Don't feel bad about it. I have also been selling "some" on the way up this time. It will make me keep hodling stronger all the (vast majority) rest of my stash. After a 200x+ I think I deserve to "play" extracting some in this cycle even if just because.... And I hope I never be able to rebuy it again.
December 15, 2024, 08:01:13 PM
December 15, 2024, 07:55:57 PM
over 16,000,000 JPY as well.... I guess my sushi just got cheaper !
#bitcoinstandard
#bitcoinstandard
December 15, 2024, 07:53:21 PM
December 15, 2024, 07:52:29 PM
100K€ yay
As my timing is always impeccable I tried to trade today and sold a bit over 1% of my stash at 103900$, you can thank me, now we're never going down to my buy back price of 96900$.
It was corn I had laying around on an exchange so technically not part of my stash.
And I probably need the money to buy a McMansion I'm looking at so if I can never buy back it's not a big deal, but still I'd have liked that one trade to work out.
As my timing is always impeccable I tried to trade today and sold a bit over 1% of my stash at 103900$, you can thank me, now we're never going down to my buy back price of 96900$.
It was corn I had laying around on an exchange so technically not part of my stash.
And I probably need the money to buy a McMansion I'm looking at so if I can never buy back it's not a big deal, but still I'd have liked that one trade to work out.
December 15, 2024, 07:50:59 PM
Are we unpoor now?
December 15, 2024, 07:49:34 PM
100k EUR reached.
If anyone cares.
If anyone cares.
100k GBP next
December 15, 2024, 07:48:31 PM
100k EUR reached.
If anyone cares.
If anyone cares.
Big number.
We need to stay over
100k euro and move to 110k usd
December 15, 2024, 07:47:44 PM
wonderful weekly closing.
December 15, 2024, 07:46:53 PM
https://www.yahoo.com/news/openai-whistleblower-found-dead-apparent-050222303.html
you have to wonder why do so many whistle blowers kill themselves?
you have to wonder why do so many whistle blowers kill themselves?
don't !! that's where right wing extremists, anti-vaxxers, conspiracy theorists and evil persons go...
December 15, 2024, 07:44:46 PM
Are we unpoor now?
December 15, 2024, 07:43:37 PM
Bullish
ATH
- Microstrategy added to Nasdaq on Friday
- FASB fair value accounting went live today
- Trump confirmed plans for BTC Reserve
- Rate cut coming up on Wednesday
- CZ saying UAE are stacking
- Thailand exploring BTC as legal tender
https://x.com/BTC_for_Freedom/status/1868357533540241445?t=muki_Psgayf47Up3A59CMQ&s=19
ATH
- Microstrategy added to Nasdaq on Friday
- FASB fair value accounting went live today
- Trump confirmed plans for BTC Reserve
- Rate cut coming up on Wednesday
- CZ saying UAE are stacking
- Thailand exploring BTC as legal tender
https://x.com/BTC_for_Freedom/status/1868357533540241445?t=muki_Psgayf47Up3A59CMQ&s=19
December 15, 2024, 07:40:55 PM
$106K+
Nicer.
Nicer.
December 15, 2024, 07:40:39 PM
100k EUR reached.
If anyone cares.
If anyone cares.
December 15, 2024, 07:36:18 PM
105k chopper sleeping
$101000 is next chopper I believe
110,000 is next iirc
Dang, missed that. Thought we gonna proceed with 1k steps. 107k seems to coming soon.
December 15, 2024, 07:31:49 PM
Nice.
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