Jump to content

Epic Pennant on BTC Chart


Recommended Posts

1 minute ago, Moonraker said:

@Trentsteelback in January, Eric123 stated that he expects the bull market to last for 12+ months and for Bitcoin to reach $400k.

If you look at the post he made recently, he states "Will this Bull run be larger than the 2017-2018 one?  I don't know time will tell."

Therefore, it seems his stance has changed considerably.

Just thought I'd clear this up for you as you seem to be a bit confused.

 

Yer, so for it to be larger than 2017 it must pass $400k 👍

Link to post
Share on other sites
  • Replies 10.5k
  • Created
  • Last Reply

Top Posters In This Topic

Top Posters In This Topic

Popular Posts

Just taking the time to say a huge thank you to you @Eric123. I have been reading this thread daily for a long time now. I don't often sign in to post something so this thank you and acknowledgment of

Well guys for those of you that got in late 2017, this is what the beginning of a Bull Market feels like.  There will be ups and downs of course, but it will get much crazier with much higher valuatio

I was a bit bored, so I decided to analyse the reactions in the first 404(!) pages of this thread. In those 404 pages, 3938 comments received a reaction, and in total there were 11515 reactions g

1 minute ago, Trentsteel said:

Yer, so for it to be larger than 2017 it must pass $400k 👍

I didn't say that.  I'm just saying that I can't see a $400k Bitcoin by the end of this bull run and it seems Eric has also changed his stance on this...period.

Link to post
Share on other sites
4 minutes ago, Trentsteel said:

Yer, so for it to be larger than 2017 it must pass $400k 👍

I have Moonraker on ignore so I am only seeing your quote of his post. 

Exactly as you replied, in the last bull run Bitcoin went up 20x from the 2013 high of $1k to $20k, I have posted for years that I expect it to be repeated and go up to 400k this bull cycle which is 20x the high of the last cycle.   Posts like these are the reason i've put moonraker on ignore.

Link to post
Share on other sites

Wow, sounds like I hit a nerve.

If you can't fathom my point and are offended then I encourage you to also put me on ignore.

It's obvious this bull run is already bigger than that of 2017 - 2018 market cap wise for a lot of coins but not all.  Certainly not for XRP but I'm hoping that will change.

I'd also love to see Bitcoin at $400k but personally don't see it happening.  I hope I've made myself clear now.

Edited by Moonraker
Link to post
Share on other sites
31 minutes ago, Eric123 said:

Really?? Higher taxes weigh down all assets.

Which other asset is as yielding as crypto? Tax or not, investors are searching for yield. 

Furthermore, the higher threshold Tax in the U.S. are focused on those who have capital gains in excess of $1MM USD. I'm pretty sure those same individuals have tax specialists that can offset that anyway. 

I'm based in the U.K. so I might be mistaken here, but wouldn't this change need to be passed by senate? And I'm pretty sure Biden as it stands doesn't have a majority in the senate (or Congress not sure which). 

Edited by NMNR
Link to post
Share on other sites
5 minutes ago, NMNR said:

Furthermore, the higher threshold Tax in the U.S. are focused on those who have capital gains in excess of $1MM USD. I'm pretty sure those same individuals have tax specialists that can offset that anyway. 

$1,000,000 isn't what it used to be.  People may want to lock in their gains and punch out now rather than double their tax burden (which could be as high as 56% if you live in California, 52% if you live in NY)

Other than offsetting capital losses I am unaware of how to avoid a capital gain taxes, other than a portfolio loan which I doubt you could get on crypto given how volatile it is. (and even if you could get one, it could end disastrously)

4 minutes ago, NMNR said:

I'm based in the U.K. so I might be mistaken here, but wouldn't this change need to be passed by senate? And I'm pretty sure Biden as it stands doesn't have a majority in the senate. 

The Senate is tied 50/50 - but in the case of a tie in the Senate the Vice President casts the deciding vote.

https://www.brookings.edu/blog/up-front/2021/02/05/what-is-reconciliation-in-congress/

 

Crypto is a Global Phenomenon so even if US taxes weigh it down, I don't anticipate that the effect will last for very long.   

Link to post
Share on other sites

I am pretty sure this won't pass at all. What he is proposing is going to kill much of the recovery. I do think this is Biden's plan though I.e. go with something absurd then lower it down to something which people ate more comfortable with as its seen as the lesser evil.

Link to post
Share on other sites
21 minutes ago, Eric123 said:

$1,000,000 isn't what it used to be.  People may want to lock in their gains and punch out now rather than double their tax burden (which could be as high as 56% if you live in California, 52% if you live in NY)

Other than offsetting capital losses I am unaware of how to avoid a capital gain taxes, other than a portfolio loan which I doubt you could get on crypto given how volatile it is. (and even if you could get one, it could end disastrously)

The Senate is tied 50/50 - but in the case of a tie in the Senate the Vice President casts the deciding vote.

https://www.brookings.edu/blog/up-front/2021/02/05/what-is-reconciliation-in-congress/

 

Crypto is a Global Phenomenon so even if US taxes weigh it down, I don't anticipate that the effect will last for very long.   

Look at buy orders, they are thin, market definetly manipulated in between 51-57k

Link to post
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now


×
×
  • Create New...

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.