The bitcoin party is coming to an end...

for hodlrs.





Here's a sheet showing the affect if you are hodling 1 bitcoin bought @ 10k, assuming you would have to liquidate bitcoin to pay the tax.




So without the tax, you walk away with 10.6M in 2033, with the tax you walk away with 490k...time to load up on the etf's!

 

Oops the previous sheet was with a 68% annual increase in bitcoin...which is what its 10 year average has been. This is with a more moderate 30% annual increase if hodling 1 bitcoin bought @ 10k.



So in 2040 you walk away with 236k instead of 6.6M. There seems to be something similar to a volatility smile developing but in the form of a "frown" where selling in the middle returns better than selling on the ends...

This sheet is a pretty rough estimate because it is assuming there will be a constant rate of return annually...its just to demonstrate how a position will deteriorate while liquidating btc to pay the tax.

 

A country of ~6M is going to end the crypto party?
Does this market look concerned?

 

You can't be serious Shirly. Once the bell is rung you can't un-ring it. Other governments will follow suit.

The market? Price is already pre-determined to complete the C&H pattern regardless of sentiment...what is going to be the catalyst for the next 80% retrace is the question to be asking yourself?

@johnarb what is your pnl if this retraces to sub 50k by summer? That would only be a 77% retrace from 204k...

 

Hey Saylor said bitcoin will be $13 million by 2045


Every chart shows nothing but gains. Nothing in the charts show it ever going back down....

 

The more we hear its coming to an end the higher it goes. Its inversely related

 

Why are you listening to talking heads whos best idea so far is to dollar cost average into aths? Just look at the history of post halvening rallys and post rally retraces.




Or look at the average return of bitcoin over the last 10 years and extrapolate a forecast.

 

Provide a link that the tax has been the passed. I doubt you will find it.

 

It doesn't matter if it passes this round...the point is its out there. Other countries will take notice. At some point a government is going to throw it against the wall and see if it sticks. A hodlr can no longer sit on his coffers convinced that he is sitting on a multi-generational fortune.

https://cryptoslate.com/denmark-pro...es-with-some-traditional-financial-contracts/