Drowning The Sorrow With Material Things! Plus Seven Words

CaptainForehead

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JeanLucBB

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Having a little trouble getting past that $9500 price point aren't we? ;)
It will be even worse if it touches $10k, might want to shift to BCash and ride that pump at least until it stabilizes. That should all happen today

For tax purposes I wouldn't sell my main stash because capital gains tax halves when the asset is held for over a year here, but I think it will break 10k. Previous bull runs have been a doubling from the prior bottom of a correction which is at around 11k USD. I think it has some steam left. Bull trend still firmly intact on the 1 week chart.

No reason to eat up capital with trading fees and increase the chance of mistakes trading for a few percent, unless you're using leverage and legitimate technical indicators.
 

CaptainForehead

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That makes sense - looks like some serious resistance at $9500 like I predicted but if it breaks through you might be correct that it could hit $11k before correction. But correction will happen and I'd expect it to be at least 25%. Mind you it will rebound quick so for long term investors that won't matter but for the scavengers like myself that trade on those dips it makes a difference and helps me build position.

Are you versed in technical analysis macaroni?
Do you do a lot of short term trades?
 

JeanLucBB

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for any audio recording fans, i got the MXL 890 mic on Black Friday for $100 off, which is like 40% off (https://www.bhphotovideo.com/c/product/1202572-REG/) and i'm using it in my setup at home trying to get the best sound. So far i like it, i'm still messing with the levels but i think it's definitely worth the $150. Here's a clip i recorded yesterday with it while checking levels
https://clyp.it/0oqhcbkn

Talented hyperchad bastard. I’m quite a solid guitar player but wish I could sing like that.

Also, 10k bitcoin ;)

End of 2018 price target, 50k bitcoin ;);)
 

blackg

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for any audio recording fans, i got the MXL 890 mic on Black Friday for $100 off, which is like 40% off (https://www.bhphotovideo.com/c/product/1202572-REG/) and i'm using it in my setup at home trying to get the best sound. So far i like it, i'm still messing with the levels but i think it's definitely worth the $150. Here's a clip i recorded yesterday with it while checking levels
https://clyp.it/0oqhcbkn
Great song. This is just what I've been looking for.
 

SteveTabernack

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For tax purposes I wouldn't sell my main stash because capital gains tax halves when the asset is held for over a year here, but I think it will break 10k. Previous bull runs have been a doubling from the prior bottom of a correction which is at around 11k USD. I think it has some steam left. Bull trend still firmly intact on the 1 week chart.

No reason to eat up capital with trading fees and increase the chance of mistakes trading for a few percent, unless you're using leverage and legitimate technical indicators.

Do you self-report crypto gains?
 

JeanLucBB

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Do you self-report crypto gains?

I haven't needed to yet as I have only a small amount realised gains on trades so will figure it out when I get there. If held for a year the tax is only 15% which isn't huge so it isn't a major issue. Also if spending the crypto in less with less than 10k at a time here I don't think we have to pay CGT which helps and opens up other options long term. I suspect the government here will end that eventually though.
 

JeanLucBB

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Dudeeeee look at that massive sell wall at $10k, how is BTC getting past that without a correction? Besides, just because cmc shows BTC at $10k doesn't mean it's $10k, try selling it at $10k and see if anyone will buy it ;)

10k sell wall = crushed
 

JeanLucBB

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11k b****s
588B0587-BFFF-4EF4-906F-A127580CA3D0.png
 

SteveTabernack

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Lol Mac, you got shredded. Be my crypto mentor @JeanLucBB

I haven't needed to yet as I have only a small amount realised gains on trades so will figure it out when I get there. If held for a year the tax is only 15% which isn't huge so it isn't a major issue. Also if spending the crypto in less with less than 10k at a time here I don't think we have to pay CGT which helps and opens up other options long term. I suspect the government here will end that eventually though.

Yeah I can't quite figure out how to go about this myself. From what I can gather it's a bit of a grey area in my country. Like if you buy the crypto with the intention of using them as currency to buy something and they then appreciate in value your gains aren't taxed. If they are bought for speculative reasons you are apparently taxed 53%!? f*** that. Now how would they go about proving my intention hah?
 

yetti

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I'll literally catch a plane to where you live, suck your dick and swallow if that happens it is so utterly unlikely. Unless it is the result of a Bcash pump zero summing it.

did you book your flight yet? might want to do it soon ;)

He also told me several months ago he'd suck my dick if the prez is impeached. Am not that into sloppy seconds but we will see how it goes.
 

JeanLucBB

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He also told me several months ago he'd suck my dick if the prez is impeached. Am not that into sloppy seconds but we will see how it goes.

He already lost that bet and so will you. Sorry mate.
 

JeanLucBB

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Lol Mac, you got shredded. Be my crypto mentor @JeanLucBB



Yeah I can't quite figure out how to go about this myself. From what I can gather it's a bit of a grey area in my country. Like if you buy the crypto with the intention of using them as currency to buy something and they then appreciate in value your gains aren't taxed. If they are bought for speculative reasons you are apparently taxed 53%!? f*** that. Now how would they go about proving my intention hah?


https://support.tenx.tech/hc/en-us/articles/115000737271-How-do-I-order-a-card-

Maybe you could use something like this? I don't have experience with it but it might be a way around the tax issue there.

Honestly I do think we are due for a slight correction at this point. Buying and holding is the easiest strategy long term though with a lot of potential left.
 

SteveTabernack

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https://support.tenx.tech/hc/en-us/articles/115000737271-How-do-I-order-a-card-

Maybe you could use something like this? I don't have experience with it but it might be a way around the tax issue there.

Honestly I do think we are due for a slight correction at this point. Buying and holding is the easiest strategy long term though with a lot of potential left.

Any hair transplant surgeons accept bitcoin? :D

You're calling the price movements damn accurately right now. How far down are we going?
 
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