Bitcoin down to 20,700

[Wagerallsports]

I just don't like the hassle of reporting taxes now with crypto

That is keeping me away

 

[MinnesotaFats]

It found resistance at 18k I guess

But....

Rumor has it that 3AC (Three Arrows Capital) went insolvent and this was a liquidation purchase.

Done over the weekend to delay reporting???

Who knows, but I'm guess if US Equities drop another 5% this week that BTC will plunge below that 18k level and I'm think 10k might be a realistic next resistance level.

 

[Wagerallsports]

It found resistance at 18k I guess

But....

Rumor has it that 3AC (Three Arrows Capital) went insolvent and this was a liquidation purchase.

Done over the weekend to delay reporting???

Who knows, but I'm guess if US Equities drop another 5% this week that BTC will plunge below that 18k level and I'm think 10k might be a realistic next resistance level.

Do you plan to buy again?

 

[parrothead]

I just don't like the hassle of reporting taxes now with crypto

That is keeping me away

This. I liked it more when it was more anonymous

 

[Ace7550]

It can be as anonymous as you want it to be.

 

[Wagerallsports]

It can be as anonymous as you want it to be.

How Ace?

Anywhere you buy from now they will require info right?

 

[carolinakid]

yes i had to do the driver lic front and back thing last week and then take a webcam shot of my face here

 

[Capitalist Pig]

yes i had to do the driver lic front and back thing last week and then take a webcam shot of my face here

I had to do that with cb a few years ago, fingers crossed they don’t ask again today, I just received some btc from a external source a few minutes ago

 

[Ace7550]

How Ace?

Anywhere you buy from now they will require info right?

Correct for major exchanges. There are other ways to buy crypto though. I have bought a lot of mine with cash directly from someone else. There's actually a name for it: "Non-KYC Crypto"
The only person on Earth that knows I own that crypto is the person I bought it from.
It's not as convenient, but it's certainly doable if it's a priority for you.

 

[Capitalist Pig]

How Ace?

Anywhere you buy from now they will require info right?

coin flip atms don’t ask for anything on buys less than a $1000, but there is a premium to pay for that, it’s around 5%. There are like 100 buy btc atms near me but no sell atms at all.

 

[Ace7550]

You can also take a look at Bisq. It's a fully anonymous exchange.

 

[Danny7]

You can also take a look at Bisq. It's a fully anonymous exchange.

Thanks! I almost forgot about Bisq. Checked it out a couple of years ago but then didn't use it. Will check it out again. The big exchanges have never made sense to me. they just feel like the extended arm of big finance and govenrments infiltrating bitcoin/crypto to make it adapt to their rules.

 

[sportsbettor5]

@Ace7550 is correct. There are plenty of non-KYC options out there if you bother to look for them. It's the much smarter move for those concerned about anonymity.

 

[rolandcorts]

Ace is a huge front runner for poster of the year

 

[Ace7550]

Ace is a huge front runner for poster of the year

Thanks Roland

 

[Enikk]

Ouch, down 33.75% this month

 

[BobbyFK]

Ouch, down 33.75% this month

Might be a good time to buy?

 

[MinnesotaFats]

There's still a couple players that will liquidate I'm guessing.

Noone has the right answer. There are smart people who think 1 bitcoin will be worth $250,000 by 2030 and then again guts like Buffet & Powell say it's worth $0

It's certainly not disconnected from the general US economy, so in that sense, wouldn't an asset like Netflix, PayPal or Ceasars be a better gamble, each is down over 50% ytd, they pay a dividend, and could double in weeks.

 

[Enikk]

Might be a good time to buy?

I think it will go down near 10k by Nov/dec when everyone must have their info turned in for tax purposes

 

[nickpook]

I think it will go down near 10k by Nov/dec when everyone must have their info turned in for tax purposes

I think it is time to refuse from bitcoin and just sell it. Personally, I have already exchanged it using my crypto wallet into 2k euros.

Well, maybe I am doing a big mistake and BTC and Ethereum will rise in a cost next year or months but I doubt it. Today the situation is a bit stable but tomorrow some Elon Musk or Bill Gates will decide to buy/sell something and the situation will be unstable again on the market.

Seems like the second half of 2022 year will be interesting...