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The Bitcoin (BTC) thread
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JayJuanGee Offline
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Post: #7701
RE: The Bitcoin (BTC) thread
Here's a nice little Venn diagram overlap showing several areas upon which bitcoin touches.

[Image: ?u=https%3A%2F%2Fi.imgur.com%2FMQIGVKd.p...PDBzID0A5g]
03-17-2019 12:11 PM
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JayJuanGee Offline
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Post: #7702
RE: The Bitcoin (BTC) thread
Here's a nice tweet of a chart that compares time-frames based on BTC price, 200 day MA and Mayer multiple.

Of course, when making these kinds of overlay of charts comparisons, they need to be taken with a decently-sized grain of salt since there is no certainty that the future will play out like the past.

https://twitter.com/chartsbtc/status/110...39904?s=21

[Image: ?u=https%3A%2F%2Fi.imgflip.com%2F2webmi....84a-47P3Lg]
Yesterday 01:03 PM
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JayJuanGee Offline
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Post: #7703
RE: The Bitcoin (BTC) thread
Here's another nice little tweet of a visual.

Three years of green. One year of red. Three years of green. One year of red. What comes next? Time will tell.

https://twitter.com/ChartsBtc/status/110...1774813184

[Image: ?u=https%3A%2F%2Fi.imgur.com%2F1yWPodY.p...ybPZlSu-nA]
Yesterday 01:46 PM
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JayJuanGee Offline
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Post: #7704
RE: The Bitcoin (BTC) thread
Here's an interesting article from today, suggesting that this bear market is over price could go to $400k in this cycle. Your milage may vary.

https://www.ccn.com/bitcoin-price-pounds...00-analyst
Yesterday 01:54 PM
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[email protected] Offline
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Post: #7705
RE: The Bitcoin (BTC) thread
100k would already be peaking for next cycle imo. My plan is to sell 50% at 10-12k, 25% at 20k, 12.5% at 40k and remainder at 80k. This way I don't walk away rekt.

The more difficult question is how to minimise taxes by off shoring and repatriating the money with high levels of privacy.
Yesterday 11:20 PM
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JayJuanGee Offline
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Post: #7706
RE: The Bitcoin (BTC) thread
(Yesterday 11:20 PM)[email protected] Wrote:  100k would already be peaking for next cycle imo. My plan is to sell 50% at 10-12k, 25% at 20k, 12.5% at 40k and remainder at 80k. This way I don't walk away rekt.

The more difficult question is how to minimise taxes by off shoring and repatriating the money with high levels of privacy.

I am suspecting (as in the past), selling BTC within a range of its previous ATH is a kind of deadzone (referring to your intended $20k selling point), meaning either you sell 20% below it, considering that it may not reach the previous ATH ever again or you sell 30% or higher above it, considering that once it reaches such previous ATH a kind of additional FOMO is likely to kick in.

Of course, each guy is going to arrive at differing selling price points, including myself with a lot smaller sells, much more incrementalism and likely ongoing HODLing of a decent amount of my BTC stash.. .. depending on how BIG the next upswing becomes or if it reaches a kind of blow-off top.

Regarding moving value around that is outside of bitcoin, that seems to be getting into a bit of a different topic. One of the reasons that I got into bitcoin in the first place is to be able to take advantage of the utility to be able to access bitcoin from anywhere.... so if you put bitcoin value into dollars then you likely lose some of that flexible mobility, but you gain on the exit from bitcoin downside volatility risk, and of course putting the value into some other crypto might incur even more volatility risk but there could be some that allow you temporary transport of value. Of course some of the various "stable" coins are evolving, but they do not seem to allow you as much privacy flexibility as you seem to be seeking, but it might be good to consider what liquidations are going to be available to you and your location at those various price points.

You are getting to one of the issues why some BTC HODLers are reluctant to sell BTC at certain high price points, because they have to figure out which exchange or other liquidation avenue to place it, and then whether they will be able to get the money.. some exchanges are easier than others, in that regard.... but they sometimes get bogged down with craziness during price peaking periods.
Yesterday 11:42 PM
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Swordfish1010 Offline
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Post: #7707
RE: The Bitcoin (BTC) thread
(Yesterday 11:20 PM)[email protected] Wrote:  100k would already be peaking for next cycle imo. My plan is to sell 50% at 10-12k, 25% at 20k, 12.5% at 40k and remainder at 80k. This way I don't walk away rekt.

The more difficult question is how to minimise taxes by off shoring and repatriating the money with high levels of privacy.

Just hodl. You will regret selling.
Today 12:30 AM
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Giacomo Casanova Offline
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Post: #7708
RE: The Bitcoin (BTC) thread
My view is that if you want to make an investment with an overview to sell, it is probably better to bet some cash on a good altcoin (let's try not to be maximalist - there are some good "crypto companies" like for example Vechain which can make money in the future like the companies listed on the Dow Jones).
I see bitcoin as a store of value to keep in order to hedge against national capital controls, falling currencies and central banks printing money out of thin air.
(This post was last modified: Today 06:28 AM by Giacomo Casanova.)
Today 06:27 AM
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JayJuanGee Offline
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Post: #7709
RE: The Bitcoin (BTC) thread
Here's a nice little gains/losses view of bitcoin's price history.

https://twitter.com/ChartsBtc/status/110...1031837697

[Image: D1kp8NAU8AAEy5Z.png]
Today 11:44 AM
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BBinger Offline
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Post: #7710
RE: The Bitcoin (BTC) thread
(Yesterday 11:20 PM)[email protected] Wrote:  100k would already be peaking for next cycle imo. My plan is to sell 50% at 10-12k, 25% at 20k, 12.5% at 40k and remainder at 80k. This way I don't walk away rekt.

The more difficult question is how to minimise taxes by off shoring and repatriating the money with high levels of privacy.

Historically winning strategy for the patient is waiting to get within 90% of the previous ATH before beginning the selling, sell slow on the climb, and buy back on the decline when the 90% of previous ATH has be crossed in the other way on the swing.
Today 11:45 AM
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