Bitcoins - about to hit $5,000 per coin today!

[Bindare_Dundat]

Don't know if you guys noticed, but Biden is proposing an increase to the capital gains tax from the marginal 15-20% after a year of holding assets (stocks, real estate, crypto etc) up to 30-40% even after a year of holding assets. This tax is proposed for the wealthiest Americans that make over $1 Million per year and it's intended in order to fund the American Families Plan.

No wonder all exchanges (Dow, Nasdaq, S&P) and the entire crypto market is getting shit on. All institutional investors are selling hard!

I swear, socialism with a quick jump into communism is just around the corner for the USA.

https://www.google.com/amp/s/www.cnbc.com/amp/2021/04/22/biden-to-propose-capital-gains-tax-hike-to-fund-education-and-child-care.html

Buy on the dip gentlemen...

"1"

Porbably wont happen after this tantrum.

[OneMoreRep]

Porbably wont happen after this tantrum.

Shows how speculative our markets are. Joe Biden is going to propose this change to the capital gains tax. Congress has to vote/approve for this to pass. The sheer amount of lobbyists that the rich have, which lean heavily against members of congress, is overwhelming. I don't think it will come to fruition, but the way America is heading, nothing would surprise me.

Keep in mind that even if this change to the capital gains tax occurs, only Americans making more than $1 Million per year would be affected.

"1"

[El Diablo Blanco]

They’re trying to level down the market

[Theoak*]

Shows how speculative our markets are. Joe Biden is going to propose this change to the capital gains tax. Congress has to vote/approve for this to pass. The sheer amount of lobbyists that the rich have, which lean heavily against members of congress, is overwhelming. I don't think it will come to fruition, but the way America is heading, nothing would surprise me.

Keep in mind that even if this change to the capital gains tax occurs, only Americans making more than $1 Million per year would be affected.

"1"

So Joe wants to tax the wealthy elite who put him in power? Sounds like noise  to me.

[gib]

Don't know if you guys noticed, but Biden is proposing an increase to the capital gains tax from the marginal 15-20% after a year of holding assets (stocks, real estate, crypto etc) up to 30-40% even after a year of holding assets. This tax is proposed for the wealthiest Americans that make over $1 Million per year and it's intended in order to fund the American Families Plan.

No wonder all exchanges (Dow, Nasdaq, S&P) and the entire crypto market is getting shit on. All institutional investors are selling hard!

I swear, socialism with a quick jump into communism is just around the corner for the USA.

https://www.google.com/amp/s/www.cnbc.com/amp/2021/04/22/biden-to-propose-capital-gains-tax-hike-to-fund-education-and-child-care.html

Buy on the dip gentlemen...

"1"

The wealthiest 1% of Americans, who really control politics, are all fine. They have money off-shore, tax effective structures, etc.

But the level below that top 1%, the top 20% upper/high middleclass. They will get hit hard. Smart politics by Biden - keep the masses happy, keep the elite happy.

[gib]

A lot of those reddit guys are trading long on massive leverage on DOGE. So that can push up market cap. Boy boy will it collapse on itself once everyone gets liquidated. Mark my words...

Well, I did warn you ...

[Bindare_Dundat]

Well, I did warn you ...

48.5k btc.

Blood in the streets

Did you sell gib?

[gib]

48.5k btc.

Blood in the streets

Did you sell gib?

Long term hodl for me. Quite prepared to hold even if back down to 5K lol!

[gib]

The long term case for BTC as a pristine store of value is very sound. But the alt-holders, wow will they get brutally raped at some point in time...

There will always be the latest "big thing" and a great "new tech story" among the top 6 alts that will rotate as various new ones come and go and fade away. Very hard to play the alt game unless you are connected with the alt creators, or unless you are a very disciplined and skillful short term trader. (Very easy to kid yourself that you are, but vast vast majority are not, and they learn that lesson over time).

The alt-rape is a lesson newcomers learn every cycle after which they say "never again do I want my virgin alt anus brutalized like that again"(even though I though I would enjoy it at first). lol

[Bindare_Dundat]

My Eth sell  was 100 bucks from ath. Couldnt ask for better than that.

[gib]

My Eth sell  was 100 bucks from ath. Couldnt ask for better than that.

Nice!

[Mayday]

I didn’t think this was US driven today because it’s in Asian hours when I am operating.

In previous attacks they have been around 1am my time and it’s US. Very rarely do I see Asia hours attacks.l but it happens.

Don’t forget China just shutdown their mining and then dumped coins on exchanges to trigger this wave. Then their govt comes out to say they will look into BTC as future investment, a couple of days later a huge attack during Asia hours......

Gib?  You are in Hong Kong or something yeah? Thoughts?

[Griffith]

The wealthiest 1% of Americans, who really control politics, are all fine. They have money off-shore, tax effective structures, etc.

But the level below that top 1%, the top 20% upper/high middleclass. They will get hit hard. Smart politics by Biden - keep the masses happy, keep the elite happy.

Sounds like the approach in South Africa, give the impoverished masses some crumbs so they keep voting for the ruling party, but stay poor enough and reliant, while hitting the shrinking and already over-taxed middle class the hardest, the top 1% are not affected.

[Mayday]

The wealthiest 1% of Americans, who really control politics, are all fine. They have money off-shore, tax effective structures, etc.

But the level below that top 1%, the top 20% upper/high middleclass. They will get hit hard. Smart politics by Biden - keep the masses happy, keep the elite happy.

Weimar Germany the wealthy loved the printing post WWI because they became disgustingly wealthy.

Why leave when you become so wealthy? Oh yeah, can’t buy food anymore because nobody wants to pay the wages to workers.....

While the printing went on, Productivity dropped like a rock under a deflationary wage spiral which is what caused all the food and goods shortages. Middle class and poor crushed followed by raiding the wealthy who had to flee to save their lives.


Hey I need to message you at some point to discuss some offshore stuff.

[Bindare_Dundat]

I didn’t think this was US driven today because it’s in Asian hours when I am operating.

In previous attacks they have been around 1am my time and it’s US. Very rarely do I see Asia hours attacks.l but it happens.

Don’t forget China just shutdown their mining and then dumped coins on exchanges to trigger this wave. Then their govt comes out to say they will look into BTC as future investment, a couple of days later a huge attack during Asia hours......

Gib?  You are in Hong Kong or something yeah? Thoughts?

What attack are you referring to?

[FitnessFrenzy]

what is going on with crypto right now? it is a blood bath

[Bindare_Dundat]

what is going on with crypto right now? it is a blood bath

No idea,  some say the purposed taxes but the taxes don't affect the world so not sure why its dumping this badly.

[Thin Lizzy]

No idea,  some say the purposed taxes but the taxes don't affect the world so not sure why its dumping this badly.

Because it’s a Pump and Dump.

[keanu]

what is going on with crypto right now? it is a blood bath

   Crypto has gone up several thousand percent in some cases, it is going to come down hard in the short term .

[Thin Lizzy]

   Crypto has gone up several thousand percent in some cases, it is going to come down hard in the short term .

But the greater public only got on board recently. Most of the people who bought this year are currently holding the bag.

[keanu]

But the greater public only got on board recently. Most of the people who bought this year are currently holding the bag.

FOMO happened just like it did earlier for growth stocks. The biggest gains happen during FOMO but once the herd is in and things have gone up too fast you inevitably get the fall. Very hard to time. It started over the weekend, and has gone fast. I sold out yesterday . It has been a life changing year. Whether it goes up or down from here, the gain for less that a year was 10-15 years worth of gains.

[Mayday]

What attack are you referring to?

What I wrote.

When a country turns off it’s BTC mining, crushes the hash rate and dumps 9,000 coins on exchanges to crash the price, what would you call it?

This is infrastructure manipulation, not just a dumping of coins to manipulate price.

We were at 65k surging like a mofos and they turned it off....... This is what China do. I know of a number of infrastructure attacks in my country done by China which were successful but just labelled as outages of whatever fault (I won’t disclose what).


The other news getting around is just extra FUD that sent it down further and made it worse.

This just so happens to have taken place days after PayPal CEO told congress they needed to adopt Bitcoin to prevent China using it as a weapon.

[Bindare_Dundat]

I'm in a leveraged long since 47.8. Fuck it. Lol

[Bindare_Dundat]

What I wrote.

When a country turns off it’s BTC mining, crushes the hash rate and dumps 9,000 coins on exchanges to crash the price, what would you call it?

This is infrastructure manipulation, not just a dumping of coins to manipulate price.

We were at 65k surging like a mofos and they turned it off....... This is what China do. I know of a number of infrastructure attacks in my country done by China which were successful but just labelled as outages of whatever fault (I won’t disclose what).


The other news getting around is just extra FUD that sent it down further and made it worse.

This just so happens to have taken place days after PayPal CEO told congress they needed to adopt Bitcoin to prevent China using it as a weapon.

Where did you hear about China being the source of dumping 9000 coins? And the China mining thing means nothing.

 turning off miners does fuck all to BTC .. doesnt affect it what so ever.

It just means theres less opportunity to solve a block from China

The only threat mining has is that if someone owns more than 51% then is hypothetically possible to manipulate the block.. the problem with that scenario is that if someone does the rest of the network would not only know but it would destroy its value... Meaning the millions in infrastructure and equipment would be worthless. So nobody really wants to do that.. its the mutually assured destruction theory in POW

[Bindare_Dundat]

I'm.on a crypto protest.

I won't stop deadlifting until you assholes get the btc price back up to 64k


Eye of tiger! Let's go!