What were you expected to happen at the halving that you find it disappointing? Have you checked the previous halvings and the price action following those? It wasn't something that instantly caused a massive bull run.
Overhyped by the BTC bros. Dominance seems to be on the wane anyway.
Up about 700% on rakoff
Ah it’s a Luna coin (^)
New ATH two months ago for what it’s worth. Analysts are saying it could be a prolonged bull run with volatility along the way. So we’re still in a bull run just in a pullback period.
I can't find the slide at the moment which clearly showed this but pullbacks after the halving have always occurred. The current pullback of 23% odd is actually on the lower side historically which I imagine is due, in part, to the ETF influence. A pullback is often followed by 6-8 weeks or so of sideways movement before it breaks out and I think we are approaching the end of that time period but whether the breakout will occur is another question. Personally I believe the buy pressure of the ETFs (US and Hong Kong), along with businesses such as MicroStrategy, as well as us retail investors when coupled with lower Bitcoin issuance will lead to a price increase in the medium to long term.
I could of course be horribly wrong and would have to live with the fallout.
The Donald sending out some good signals about crypto, if ye have any relations in the US then get them to vote maga.
People mistake the having as the event that drives the price and are wondering why It didn't move.
It just marks the point at which rewards half. There is always a run up to and drop off around it.
We won't really know until late summer if it missed I'd say.
Will easily be late summer, it tends to be a quiet time of year in general for price action, barring some miracle like ripple and the SEC coming to a settlement that might kick things off. No real strong indication of that happening in the near future though.
A lot depends on Macro economics as well. The expected interest rate drop in the US this summer early autumn should cause some stimulus as well.
Pushing 1200% now, can't bring myself to sell yet.
Take 2-3x your initial investment at least, that way you won't potentially hold it all the way up and down which happens a lot in crypto.
Oh yeah it's not my first rodeo but 50 quid in. Once it starts to cool off I'll take profits.
Cash out to cover double what you put in and then the rest can ride. You've already made money
Usually this is the type of thing I do but I would throw 25 to 50 quid on horses based on friends so I'm looking at this in similar fashion. I'll probably pull 50% in the next day or two.
That’s a good way to look at it in fairness. €50 at 12/1 is a nice bet.
Not long now. Let's all give thanks that we pray at the alter of the asinine that we all have the paradoxical cynical foresight to have believed this thing has one more cycle in it, and let's squeeze the blood of this giant ephemeral stone one last time. I for one am feeling excited this fine day. Call it a sixth sense
..
Oh Yeah I'm excited now.
US Government turns positive on crypto the same day as the DTCC report
Blackrock not actually buying BTC but shorting the **** out of it with help of Coinbase, all that BTC is fake dollar volume
BTC is the distraction, Chainlink is gonna suck up all the value in blockchain and real world finance
If you don't see what is happening and are not rotating the lions share of your crypto into Chainlink you ain't gonna make it
Alts picking up alright, they all should get a rise once more rotate out of BTC. 2021 seems to be repeating itself.
So this was planned all along, satoshi created Bitcoin as a distraction, we adopted Bitcoin, but really it was all just a ploy so that we couldn’t see what was really happening
🤔
Would seem to me real change is happening behind the scenes, Fiat is in a pickle and nations are stacking gold and silver, is BTC just a distraction to keep the public away from gold and silver?
Blackrock not really buying BTC, but are in cahoots with Coinbase to short BTC with "paper BTC" they don't hold the real thing
Meanwhile SWIFT, The DTCC and Wall street banks partnered up and using Chainlink, while the public buys a bit of BTC and sh1tcoins, large amounts of $LINK are released by Chainlink and gobbled up instantly yet price does not pump😏
Chainlink has multiple partnerships with massive implications, just one of these partnerships would make any other crypto moon, yet not Chainlink, very strange, could it be the price is being suppressed…………….until its not and boom! Moon shot.
Your argument for chain link could easily apply to xrp aswell. It will also have legal clarity before anything else.
There is something out there!
Actually, I don't need to believe, I'm certain of another free 100%. No need to gamble on alts
It’s not a grand conspiracy, every nation state is printing and spending too much money. That borrowed money has interest attached and it’s compounding. This leads to inflation as any asset you sell in worth more than the cash you are getting that is devaluing. Cash and bonds are bleeding value so people look to other assets to park their cash in. Crypto is a volatile asset any uncertainty and the market reacts. The crypto market is still up, it’s just not up as much as people were expecting but that’s the reality of volatile assets. The ETF’s can also buy off chain and take days to buy which means they have the ability to influence the market to their advantage. Large BTC holders will also look to offload to buy the ETFs as it’s easier to mind and transfer to family through inheritance.
Thats much more like it, positioned nicely now for BTC to blast through the ath - 100k here we come
Anyone know how to deal with CGT if I only want to take some profit, let's say a simple example, if I'd put 1000 in crypto, let's say it's now 5000,but I want to take 1500, with the allowance I think e1240 or so, how is this dealt with for tax input, then in another 2 months I want to take more out? I understand the process if I was to cash out completely, just a bit unsure of the above scenario. Thanks
It's based on first in, first out. The first x number of tokens you buy are deemed to be the ones sold.
Let's make it really simple. You bought 1000 coins at €1 each. They have now 5X and are worth €5 each.
At €5 a coin:
300 tokens = €1500
Cost of 300 tokens = €300
Capital Gain = €1200
Less Tax credit of €1270
Tax due = €0.
OK thanks. So then, if I sold another say, 300 tokens a month later with the same numbers as above, then I presume I can't deduct the exemption as it has already been used?
Yeah it's the total for that year. You declare it regardless even if you are under the 1270 you just don't pay anything.
But if you sold 1270 in March you wouldn't pay tax on that first batch.
But if you another 1000 in August. You would pay CGT on that second 1000 and so on.
If you sold 1270 once a year for 5 years you wouldn't pay any tax on it.
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