Call the Top for BTC 2017?
- Thread starter BuggedOut
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The market is 100% emotional right now
The tech, use etc seems to have little importance at the moment - it's all FOMO and FUD which is people buying/selling on pure emotion
theres a fair bit of "traditional" analysis fuelling the rise
https://www.cnbc.com/2017/11/20/sta...ts-bitcoin-will-surge-another-70-percent.html
https://twitter.com/whalepool/status/932660454899503104
https://www.cnbc.com/2017/11/20/sta...ts-bitcoin-will-surge-another-70-percent.html
https://twitter.com/whalepool/status/932660454899503104
long time a go when BTC was a tech fad, I bought a lot of BTC to buy a pizza. Luckliy, in hindsight I failed as BTC tanked I bought it below $1
Question is... (note I did have a chat with my accountant) do I just hold on to them or should I look to sell if so what is the best way.note I dont want to sell .1 at a time.
Question is... (note I did have a chat with my accountant) do I just hold on to them or should I look to sell if so what is the best way.note I dont want to sell .1 at a time.
If you bought BTC to buy pizza, and you spend the bitcoin for personal goods or services, and you bought less than $10,000 worth, you could be exempt from capital gains tax. See: https://www.ato.gov.au/General/Gen/...age=1#Using_bitcoin_for_personal_transactions Do check with your accountant though. Selling them for cash might not count depending on what you do with the cash.
All the more reason we need more merchants to accept bitcoin, given how many people would be sitting on potential capital gains.
Seen a few PM merchants advertising acceptance of BTC for precious metals on this very site. Convert it all to gold and minimize your GST exposure for one, hold for 12 months and minimize your Capital Gains that way. Of course if you have held for that amount of time you are able to just claim that 25% CGT anyway so why not just cash half in and cop the rape anyway ?
Edited to add,
You could also "Gift" a certain portion to Family and or "Friends" as well come to think of it. Make a dog, cat or goldfish a beneficiary and become it's legal guardian or just dribble out BTC points that fall just shy of the official KYC limits over time.
Whatever happens it is great to see someone that has your sort of issues to solve with Crypto. I bet this was the last thing on your mind when you were going to order a Pizza way back when.
Edited to add,
You could also "Gift" a certain portion to Family and or "Friends" as well come to think of it. Make a dog, cat or goldfish a beneficiary and become it's legal guardian or just dribble out BTC points that fall just shy of the official KYC limits over time.
Whatever happens it is great to see someone that has your sort of issues to solve with Crypto. I bet this was the last thing on your mind when you were going to order a Pizza way back when.
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pretty much what my accountant told me, she told me to hold on to it for now, but I should investigate and have an exit strategy which can convert to dollars in an instant.
SilverDJ
Well-Known Member
I think the entire community has got behind this and has pushed it to reach this milestone. Free Diamond and CME futures would be big factors too, but I think once this bull run began and 10k was in sight everyone has gotten behind it to hit it
If I had to guess, I think it could even go as high as 12k, but I think somewhere in the 10-12k is where it will sit for a little while longer but then eventually it needs to correct so I can see it dropping well below 10k at some point in the future (At least that's what I am hoping for so I can pounce
) before it then begins a new charge to a new ATH
If I had to guess, I think it could even go as high as 12k, but I think somewhere in the 10-12k is where it will sit for a little while longer but then eventually it needs to correct so I can see it dropping well below 10k at some point in the future (At least that's what I am hoping for so I can pounce
) before it then begins a new charge to a new ATH
LMAO :0 M8, 'Look's' can be very deceiving. Article I read the other day theorizes that BTC is already way higher when you take into account the recent forks that have taken place. Combine BTC, BCH, BTG and BT?'s prices and that is actually the real value of BTC at the moment.
Will there be one Crypto to rule them all in the end, with the others imploding and the value of the losers condensing into the survivor ?
I reckon you could get another K or 2 by the end of the year at this rate 1Pv6.
I'm dying to ask you about what date you went to buy this legendary Pizza M8, your story reminded me of the poor bloke who threw
out a hard drive containing 7500 BTC he bought for about 18 $AU , now worth more than 70 million U.S.
But I won't because that would be impolite.....
Butttt how much was the Pizza going to cost you ?
Well, my prediction was for BTC and based on the timing of the S2X fork and in anticipation of a split market cap....so I'll go ahead and give you credit for anticipating a price for BTC in the context of those forks too.