Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
Nice Torque.
I am very, very, very happy (similar to joyful) that you have not given up on numerological framenings.
I am quite happy to be wrong about the price going down over the next few years.
I have no buying or selling to do for several years anyway so I am just watching with joy the higher it goes.
Looking forward to $100k for easier conversions of sats.
I have no buying or selling to do for several years anyway so I am just watching with joy the higher it goes.
Looking forward to $100k for easier conversions of sats.
Surely, it is a good thing that you are happy (another word for "joy") about such an outcome that seems to have quite decent chances of playing out.. rather than your nonsensical vision of a $50k top that fucks up the cycle into 3 years rather than 4, and not that such craziness could not happen, your assertion of such a scenario seems like almost pure fantasy land given a variety of other macro and even institutional FOMO factors that you are either failing to account for or downplaying way to much in your presumption of a $50k top for this cycle.
I factored in $50k as the top about 3 years ago when I put my sell order in.
Yes.. I understood that part..
So I went from about 99.9% BTC to about 95% BTC at that price.
Fair enough.
When you know the bitcoin price is going to the moon and all you have is bitcoin but the price is $6-7k and you have rent due or you're borrowing someone else's car because you don't want to sell multiple bitcoins to buy your own car knowing that those bitcoins are going to be worth so much more very soon...it kinda sucks. Now I have enough for the next cycle so I'm good.
Another fair point.. cannot argue with that.
I like Saylor's talk about borrowing against your bitcoins so you never have to sell. I'm going to work on that over the next couple of years to be ready for any big purchase I may want in the future.
Sure, there might be some scenarios in which that is useful, but I don't think that it is necessary for everyone, and surely not opposed to having options.. so in that regard, not bad to know about the option in order that such option can be weighed and considered.
Unfortunately I'll be paying the capital gains for this year's sale. I really hate paying taxes, I've been able to avoid it by only selling under the zero tax rate per year but I think borrowing will be a good way to do it from now on.
Sure avoiding or minimizing taxes is not a bad goal.. currently or even on an ongoing basis.