[James Burnham]

Where do you think it will go the following months?

[James Burnham]

Does this hold any water? https://www.forbes.com/sites/digital-ass...predicted/

[Omniscient]

Sideways action within 25% of $100k. Just a lot of up and down and up and down.

[Yanix]

Hopefully the next few months will be better and bring more good days.

[Costanza]

20-30k this year sometime and tbh i cannot wait.

[Mewtwo]

20-30k this year sometime and tbh i cannot wait.

if it will go this low, why do you have 1.5 BTC? Or even crypto? Just tether it lol

[Costanza]

if it will go this low, why do you have 1.5 BTC? Or even crypto? Just tether it lol

Have few hundred k in USDC ready to deploy. just covering all bases. if btc pumps i'm set and if it dumps ill buy a lot.

[Mewtwo]

Have few hundred k in USDC ready to deploy. just covering all bases. if btc pumps i'm set and if it dumps ill buy a lot.

What about the tax implications behind all this though? Since it’s almost like a short term gamble. Taxes are so much higher just swing trading like this

[Hackers]

Same as I've been saying on HF for over a year (and longer elsewhere)

We'll likely see 60-70k, or 70-80k as more plausible / optimistic, and we'll likely see the next push into the 150-160 range, with a massive ATH in the future (years) for 360-430K.

I thought we'd see 112K as a top instead of 120-125 so I am treating my 60-70k prediction as lower as well for 70-80k.
However, Murphy's Law. If my 112 became over 120, then surely my 60 will be 50 haha!

All in all, not stressed, and I have stuck to my word. I am not buying Bitcoin in bulk. I will buy in the 70s to restock

I am effectively shorting Bitcoin for many months now by not buying. I am a little salty that I got accused of AI a few months ago because I said the same shit in January & February 2025, and am saying it again now. I've had a prediction of 360-430K top for 8 years now and counting.

[Costanza]

What about the tax implications behind all this though? Since it’s almost like a short term gamble. Taxes are so much higher just swing trading like this

Only get taxed when you cashout mate the fuck are you spewing lol

[Mewtwo]

Only get taxed when you cashout mate the fuck are you spewing lol

WRONG!
You’re going to owe ALOT of taxes soon lol

AI Quote:
Yes. Crypto-to-crypto trades are taxable in the U.S. — including BTC → USDT, BTC → ETH, ETH → SOL, etc.

Here’s the clear breakdown 👇

⸻

🔹 Is BTC → USDT taxable?

Yes.
The IRS treats this as selling BTC and then buying USDT.

That means:
• You realize a capital gain or loss on the BTC at the moment you trade it.
• It does not matter that you stayed “inside crypto.”
• Stablecoins like USDT are treated like property, not cash.

⸻

🔹 How the gain is calculated

Gain/Loss = Value of BTC at trade − Your BTC cost basis

Example:
• You bought BTC at $30,000
• You trade it for USDT when BTC is $45,000

👉 Taxable gain = $15,000

Even though you never touched USD.

⸻

🔹 Short-term vs Long-term
• Held < 1 year → Short-term capital gains
• Taxed as ordinary income (same as your paycheck)
• Held ≥ 1 year → Long-term capital gains
• Typically 0% / 15% / 20%, depending on income

⸻

🔹 What is NOT taxable

✅ Transferring crypto between your own wallets
✅ Holding crypto (no sale)
✅ Buying crypto with USD (no sale yet)

⸻

🔹 What IS taxable

❌ BTC → USDT
❌ BTC → ETH
❌ USDT → USD
❌ Paying for something with crypto
❌ Earning crypto (staking, mining, airdrops, rewards)

⸻

🔹 Do exchanges report this?
• Yes, many U.S. exchanges issue 1099 forms
• Even if they don’t, you are still legally required to report
• Blockchain ≠ anonymous for taxes

⸻

🔹 Common misconception (important)

“I didn’t cash out, so it’s not taxable”

❌ False

The IRS considers any disposal of crypto a taxable event.

⸻

🔹 Practical tip

If you trade often:
• Use tools like CoinTracker, Koinly, or Accointing
• They track cost basis automatically and generate tax forms

⸻

If you want, tell me:
• How long you held the BTC
• Rough gain amount
• Your income range

And I can estimate exact tax owed for your situation.

[Costanza]

WRONG!
You’re going to owe ALOT of taxes soon lol

AI Quote:
Yes. Crypto-to-crypto trades are taxable in the U.S. — including BTC → USDT, BTC → ETH, ETH → SOL, etc.

Here’s the clear breakdown 👇

⸻

🔹 Is BTC → USDT taxable?

Yes.
The IRS treats this as selling BTC and then buying USDT.

That means:
• You realize a capital gain or loss on the BTC at the moment you trade it.
• It does not matter that you stayed “inside crypto.”
• Stablecoins like USDT are treated like property, not cash.

⸻

🔹 How the gain is calculated

Gain/Loss = Value of BTC at trade − Your BTC cost basis

Example:
• You bought BTC at $30,000
• You trade it for USDT when BTC is $45,000

👉 Taxable gain = $15,000

Even though you never touched USD.

⸻

🔹 Short-term vs Long-term
• Held < 1 year → Short-term capital gains
• Taxed as ordinary income (same as your paycheck)
• Held ≥ 1 year → Long-term capital gains
• Typically 0% / 15% / 20%, depending on income

⸻

🔹 What is NOT taxable

✅ Transferring crypto between your own wallets
✅ Holding crypto (no sale)
✅ Buying crypto with USD (no sale yet)

⸻

🔹 What IS taxable

❌ BTC → USDT
❌ BTC → ETH
❌ USDT → USD
❌ Paying for something with crypto
❌ Earning crypto (staking, mining, airdrops, rewards)

⸻

🔹 Do exchanges report this?
• Yes, many U.S. exchanges issue 1099 forms
• Even if they don’t, you are still legally required to report
• Blockchain ≠ anonymous for taxes

⸻

🔹 Common misconception (important)

“I didn’t cash out, so it’s not taxable”

❌ False

The IRS considers any disposal of crypto a taxable event.

⸻

🔹 Practical tip

If you trade often:
• Use tools like CoinTracker, Koinly, or Accointing
• They track cost basis automatically and generate tax forms

⸻

If you want, tell me:
• How long you held the BTC
• Rough gain amount
• Your income range

And I can estimate exact tax owed for your situation.

Not from america bud. try again.

[Mewtwo]

Sideways action within 25% of $100k. Just a lot of up and down and up and down.

Looks like it’s really heading that direction. We’re close to 75k. I wonder the reason for the dumps are for this time.

[Yin Yang]

Maybe as low as 70 and high of 95

I do sort of agree with this:

[Bovril Coin]

is MTgox still selling off? no idea why BTC isnt joining the ATH team of gold and silver