Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
When Bitcoin is on a parabolic rally this place is hopping, multiple pages per hour, old-timers coming out of the woodwork.
It slows down a bit and this place is almost dead.
What do you expect when the blood bath is huge? Many will be noising their losses and also feeling dizzy about the unrealized expectations from the market, but regardless, we move no going back; this slowdown is expected, and I think we may likely have to bear with that throughout the weekend.It slows down a bit and this place is almost dead.
Well take this guy I know he is in at around 25k
Simple math. Take the case of " this guy "
He buys 1 btc at the average of 25k from Nov 2022 to fall of 2023 it became became 93k.
So Sell off .3 coins get 27k
all cap gains is negated by dumping mined coins in Oct 2022 and having a 51k loss carryover. so the entire
27k sale "this guy" keeps.
This means "this guy" has 27k cash. This guy invested 25k cash back in 2022 and " this guy" still has .7 coins
If it all zeros out 'this guy" is 2 grand ahead. So bloodbath in terms of BTC crash can't happen to "this guy"
and at the moment "this guy" has .7 coins worth about 60k along with 27k. And he had 25k in nov 2022
There won't be a blood bath for him in BTC.
_______________________________________________________________________________ ____
_______________________________________________________________________________ ___
Also many on this thread have 10 or more coins (not me) at under 20k invested. Ie 20k became 930k
Some simply shaved a coin off. they now have 93k (owe tax on it) after tax they may have 60k and 9 coins
left they do not worry about a blood bath.