It is clear you are no Illustrious Greek. If you were you would be half as smart as Antisthenes.. Now your just... eeww, you...
Thank you friend, but now we’re in
trouble - multiple triggering that AI fagot abomination.
Btw, since we’re at it, you are the single most honest person filled with integrity, I’m aware of in this forum. Couple others are close, but not there yet.
The
four of you should get a room.
meaning: You and exp, billy no coiner and exp's grandma.
~snip
What's the difference? mid-December or so, prior to the Christmas Holidays or prior to January 10 and after New Year's.. There seems to be a bit of a crunch in time between new year's and January 10.. but getting it out of the way prior to various holidays might allow for some resolution of the matter.. ..
but then I suppose if they were to wait until after the holidays, then they don't have the holidays getting in the way... but I don't see much of any difference.. unless there is a bit of desire to continue to delay a wee bit.. to make sure that they are not missing anything and prepared once the ETFs go on line.. which could be a bit of a "nothing burger" even though I am anticipating that probably we would end up getting more pump rather than a dump, once they do actually go live.. a pump just seems more likely .. but who knows?
I don't know the US tax code (and from what I understand, nobody does) but up north, capital gains taxes are paid in the year they are realized. There could be advantages to waiting until the new year.
Sure, I already understand that there could be angels that relate to taxes, yet capital gains would ONLY apply to purchases and sells that are made in the same year, and surely there could be some other matters that relate to taxes and reporting, but launching a new product prior to the new year rather than after the new year gives more options rather than fewer options, and so would justify wanting to launch earlier rather than later (in order to have more options), yet the SEC may likely be somewhat neutral on the calendar year matter, I would think that investing companies would rather give their customers more options rather than fewer options, even though launching in 2023 could well put some clients at a disadvantage if they were planning to ONLY be ready to transition into an ETF after the beginning of the year, but there ended up being a price run up because the product launched in 2023 rather than in 2024 when they were planning to get in.
Yeah, I am writing a lot, and even accounting for some possible tax ramifications of one year versus another, I still don't feel like I have much of any clue why it would be preferable (from Phillip's perspective or from anyone else's except maybe officials merely just wanting to delay as long as feasible) that the Spot ETF product launch in January 2024 as opposed to December 2023.
Edit: Maybe this part sort-of answered by Philip in the below post.
~snip
What's the difference? mid-December or so, prior to the Christmas Holidays or prior to January 10 and after New Year's.. There seems to be a bit of a crunch in time between new year's and January 10.. but getting it out of the way prior to various holidays might allow for some resolution of the matter.. ..
but then I suppose if they were to wait until after the holidays, then they don't have the holidays getting in the way... but I don't see much of any difference.. unless there is a bit of desire to continue to delay a wee bit.. to make sure that they are not missing anything and prepared once the ETFs go on line.. which could be a bit of a "nothing burger" even though I am anticipating that probably we would end up getting more pump rather than a dump, once they do actually go live.. a pump just seems more likely .. but who knows?
I don't know the US tax code (and from what I understand, nobody does) but up north, capital gains taxes are paid in the year they are realized. There could be advantages to waiting until the new year.
yep. an eft dec 10 with a jump to 100k by dec 30 means a sale gets taxed and paid asap.
an eft jan 10 with a jump to 100k by jan 30 means a sales gets taxed and paid 18 months later.
Somif we get eft in dec we may have a lot of selloffs and fast drops for,jan.
while the eft in jan may mean hodl works.an d we don’t drop off like mad.
but honey badger don’t care so I guess either one is good.
Sure there could be shenanigan's either way, but it all seems a kind of wash. in the whole scheme of things in terms of potential preferability of whether a Spot ETF is launched later rather than sooner, or January 2024 as opposed to December 2023.
And yeah, I am presuming a pump on the news of an actual BTC Spot ETF approval, but I am not really sure how much of a pump and/or how it might play out and if that would be creating any major buys and sells within the 2023 calendar year (even if the approval were to occur sometimes in December.. yeah, some of the BIGGER players play those kinds of games, but it may or may not work as expected for some of them, even some of the are BIGGER players).
My fear is we do the eft in dec and run up solid.
A lot take profits in Jan and we tank solid.
The whole bull momentum gets slowed.
With mining slower bullruns are better the last year with gradual up tick has been good for me.