Bitcoin Price Tracking & Discussion -- 2025

[biggie12]

Guys what are you thoughts on Hedera Hashgraph thinking of picking up $5,000. worth a lottery shot? Big companies google etc involved

[JIBBBY]

Guys what are you thoughts on Hedera Hashgraph thinking of picking up $5,000. worth a lottery shot? Big companies google etc involved

Designed for fast, fair, and secure applications to take advantage of the efficiency on a decentralized, public network you can trust I think. FAST. Achieve fast, low-latency transactions with guaranteed finality in seconds, not minutes or hours.

I'm thinking about it..

[raiders72001]

Janet Yellen Changes Stance On Cryptocurrencies After Causing Bitcoin Plunge

https://www.benzinga.com/markets/cry...bitcoin-plunge

[raiders72001]

She caught a lot of backlash.

[Sam Odom]

$31.6k

[pablo222]

Dec. 22, 2020 $23,200

Jan 22, 2020 $32,300 +42%

[milwaukee mike]

She caught a lot of backlash.

and i caught a lot of bitcoin!

got out at 32,400 on 1 btc that i bought at 30,400

this has been a really great stretch for me

[Sam Odom]

its crazy , Mikey

these 1K-2K moves between 30-35K are 'easy' money... as long as it bounces up as well as down

[bigtymer56]

Another theory on why BtC price dipped. Other than Yellen comment:

Did BtC have a Double Spend issue?

Long but educational:

[ChuckyTheGoat]

bigtymer, interesting. I listened to half of Andreas.

Big takeaway is that the BtC price may well have dipped 10% on total air. Almost like the 10% re-appeared today.

[d2bets]

bigtymer, interesting. I listened to half of Andreas.

Big takeaway is that the BtC price may well have dipped 10% on total air. Almost like the 10% re-appeared today.

Just like it spikes on air too.

[raiders72001]

and i caught a lot of bitcoin!

got out at 32,400 on 1 btc that i bought at 30,400

this has been a really great stretch for me

Nice!

[raiders72001]

bigtymer, interesting. I listened to half of Andreas.

Big takeaway is that the BtC price may well have dipped 10% on total air. Almost like the 10% re-appeared today.

Andreas is a great listen on bitcoin. He's been there from the beginning.

[biggie12]

Raiders what are your thoughts on hbar?

[raiders72001]

bigtymer, interesting. I listened to half of Andreas.

Big takeaway is that the BtC price may well have dipped 10% on total air. Almost like the 10% re-appeared today.

I believe it was the Yellen news both ways. Current news causes the immediate direction. Things such as the collapse of the Greek and Venezuelan currency caused movement. Brexit news has caused direction moves. Devaluation of the Yuan causes movement.

[raiders72001]

Raiders what are your thoughts on hbar?

No opinion on that one. Right now I'm still ETH, ADA, DOT and then the HR or K coin ZSK.

[StackinGreen]

Let's say you don't report btc holdings on your tax returns this year with intentions to cash out years down the road. What would be the harm in reporting your hold later? They are after all looking for real criminals, not a civilian looking to cash out and stiff uncle sam.

Would the IRS really dig into the blockchain to find out how long you've actually held the coins? The question they pose this yr is like bookmark for anyone who answers yes so that they have you in their records. Would they really dig into it for tax purposes? Let's say you own more than the average person, enough to get flagged.

I have seen many accountants on the internet, and personally asked a fairly conservative accountant that I know, about reporting holdings that never were not involved, in any way, in a sale or resulted in capital gains. Both of these said no reporting. I presume that means if there is a question on the form, and you are taking this advice, you just leave it blank. Correct?

[ChuckyTheGoat]

Rising, 33.6.

Anyone else have thoughts of "Might be the last chance to buy at this price"?

[StackinGreen]

Rising, 33.6.

Anyone else have thoughts of "Might be the last chance to buy at this price"?

I got in at about 31 because I knew it would be. It's going straight back to 38-39, I'd bet on it.

The best method I believe (and I'm a holder not a trader) is to just wait for someone like Saylor to buy in, don't try to hit the low ... just see it bounce back and be happy that you are in way lower, and with the added confidence that it's going back up. For example, when it went back to 32 from 29 absolute low, I knew it was going to climb again. And it will.

But if I'm wrong, who cares, I'm holding 5-10 years. I won't be wrong though.

[Hman]

About to crash?

[milwaukee mike]

I have seen many accountants on the internet, and personally asked a fairly conservative accountant that I know, about reporting holdings that never were not involved, in any way, in a sale or resulted in capital gains. Both of these said no reporting. I presume that means if there is a question on the form, and you are taking this advice, you just leave it blank. Correct?

look at the form 1040... this is what the question says... you don't really leave it blank, you check it NO

At any time in 2020, did you receive, sell, send, exchange, or otherwise acquire any financial interest in any virtual currency?

[raiders72001]

I have seen many accountants on the internet, and personally asked a fairly conservative accountant that I know, about reporting holdings that never were not involved, in any way, in a sale or resulted in capital gains. Both of these said no reporting. I presume that means if there is a question on the form, and you are taking this advice, you just leave it blank. Correct?

Currently there is no reporting of taxes due. There's a new tax law proposed stating that you have to pay unrealized capital gains and this includes bitcoin. Welcome to the new administration.

[ace7550]

Currently there is no reporting of taxes due. There's a new tax law proposed stating that you have to pay unrealized capital gains and this includes bitcoin. Welcome to the new administration.

"unrealized capital gains"
What horseshit.

[CanuckG]

dip buys at 29k were so easy

[milwaukee mike]

dip buys at 29k were so easy

good stuff canuck

i grabbed a little eth near the low last night, obviously should've been buying with both fists since it's up 20% in a day

[milwaukee mike]

"unrealized capital gains"
What horseshit.

that's how you continue down the path where nobody has any property rights

someone has a farm/home/land that they bought a long time ago for $50k, now it's worth $500k (but they owe $400,000 on it) so you tax them $100,000 that they don't have... only way of paying is getting rid of the home and now they are left penniless with no property

[Memento]

I hope you guys have your bags packed and ready for alt season. It is coming very soon! Probably sooner than any of you think.

[d2bets]

Currently there is no reporting of taxes due. There's a new tax law proposed stating that you have to pay unrealized capital gains and this includes bitcoin. Welcome to the new administration.

Got a source for that?

I know that is a possible for proposal for estates to cancel out the stepped-up basis that otherwise wipes out gains at death, but I haven't heard of that proposed otherwise.

[ace7550]

that's how you continue down the path where nobody has any property rights

someone has a farm/home/land that they bought a long time ago for $50k, now it's worth $500k (but they owe $400,000 on it) so you tax them $100,000 that they don't have... only way of paying is getting rid of the home and now they are left penniless with no property

The only thing they can't take are a man's skills. We're renting our property from the government anyways. We pay them rent (taxes) twice a year.

[louisvillekid]

that's how you continue down the path where nobody has any property rights

someone has a farm/home/land that they bought a long time ago for $50k, now it's worth $500k (but they owe $400,000 on it) so you tax them $100,000 that they don't have... only way of paying is getting rid of the home and now they are left penniless with no property

That's not how property taxes nor capital gains taxes work.

Plus, in the scenario you mentioned - How da Fook would someone owe 100k in taxes on something they "bought" a long time ago for 50k that is now "worth" 500k, YET they owe 400k on it?

[Optional]

That's not how property taxes nor capital gains taxes work.

Plus, in the scenario you mentioned - How da Fook would someone owe 100k in taxes on something they "bought" a long time ago for 50k that is now "worth" 500k, YET they owe 400k on it?

Of course its not how property tax works, but that is how they propose to tax crypto HODLers. On "unrealized capital gains".

The point of the analogy was to show how bad that proposal is when applied to any other asset.

[ace7550]

Another analogy:
You buy a piece of art for $1,000. Ten years later the art is worth $50,000. Can you imagine having to pay taxes on your $49,000 gain?
I bought 3.5 bitcoins at a little under $2,000. I don't want to pay taxes on that until I cash out. I'm sure none of us do.

[raiders72001]

Got a source for that?

I know that is a possible for proposal for estates to cancel out the stepped-up basis that otherwise wipes out gains at death, but I haven't heard of that proposed otherwise.

US ECONOMYOaktree’s Howard Marks says this tax proposal in the U.S. makes investing less attractive

Janet Yellen, Biden’s nominee for Treasury Secretary, said she would consider taxing such unrealized gains to boost government revenues, reported Reuters.

https://www.cnbc.com/2021/01/20/oaktrees-howard-marks-on-unrealized-capital-gains-tax-janet-yellen.html

[raiders72001]

United States President Joe Biden's Treasury secretary nominee Janet Yellen has once again become a topic of discussion in the Cryptoverse - this time over her comments suggesting she may look to tax of unrealized gains.

https://cryptonews.com/news/idea-of-taxing-unrealized-gains-resurfaces-as-money-printing-8973.htm

[Inspirited]

taxing unrealized gains is absurd.