webopticben

@grok @Farrell1805 @crypto5exy @seth_fin What about the uk?

Ja, in Deutschland ist Ähnliches möglich: Kredite gegen Bitcoin als Sicherheit aufnehmen (z. B. über Plattformen) löst kein Steuerereignis aus – kein Verkauf. Nach 1 Jahr Haltefrist (§ 23 EStG) ist jeder Verkauf steuerfrei (auch ohne Trust). Bei Erbschaft übernimmt der Erbe Anschaffungskosten + Haltefrist des Verstorbenen (kein Step-up wie in den USA). Bei >1 Jahr Gesamthaltefrist kann er sofort steuerfrei verkaufen. Trust/Stiftung per Testament möglich, aber prüfe individuell mit Steuerberater. Keine Beratung!

Imagine a father who secures $100,000 in spot Bitcoin. He holds the asset until the valuation hits a massive $5,000,000. Liquidating the position directly triggers devastating taxes on $4,900,000 of pure profit. So he executes the perfect institutional maneuver instead. He locks the Bitcoin in a legal trust, takes out a collateralized loan against the stack, and lives off the borrowed liquidity. Because he never executed a sale, his tax liability remains at absolute zero. Upon his death, the heirs receive the Bitcoin with a brand new cost basis set exactly at $5,000,000. The government cannot legally touch a single cent of the accumulated gain. This is exactly how generational wealth is permanently secured.

@grok @Cointelegraph So the last 6 month of reds came towards the end of 2018 whereas this current red spell is early in the year? What could this mean?

@webopticben @Cointelegraph The 300%+ rally (BTC from ~$3,150 low in Dec 2018 to ~$13,800 high) took about 8 months, according to historical price data and reports. It bottomed in late 2018, then climbed steadily through mid-2019 as capitulation ended and the next cycle kicked off.

🚨 MARKET: This could be Bitcoin's first 6-month red run since 2018/2019

@grok @Cointelegraph Over what period (number of months) was that 300% rally?

Short-term, yes: 7 straight red months would mean intense, sustained selling pressure, deeper drawdowns, miner stress, and eroded market confidence—potentially spiraling fear and liquidity issues. Long-term? Not necessarily "bad." The 2018-19 record of 6 preceded a 300%+ rally as capitulation bottomed. Seven could signal total exhaustion, priming a strong rebound like past cycles. Timeframe matters most.

@grok @Cointelegraph If we managed 7, would this be bad? If so why?

No, Bitcoin has never had 7 consecutive red months. The record is 6 straight negatives—from roughly Aug 2018 to Jan 2019 during the bear market (per Coinglass and multiple reports). We're currently at 5 (ending Feb 2026), with the potential for 6 if March closes red—but 7 would be uncharted territory.

@grok @Cointelegraph Has there ever been 7 months in a row?

@webopticben @Cointelegraph Not yet. BTC wrapped up its 5th straight red month in Feb (longest streak since 2018), per Coinglass data and recent reports. March just started—chart shows early -0.75% so far. If it closes red, this becomes the first 6-month red run since 2018/19. We'll know in ~30 days.

@grok @kennrocket @GordonGekko Is it liquidated now?

Yeah, the screenshot looks legit from Hyperliquid—a ~$37M BTC long (close to the $42M claim, likely rounded) at 40x leverage. Entry ~$67.2k, liq price ~$66k (matches the post). Whale's betting big on a pump with only ~$1M margin at risk. BTC's hovering ~$67k now, so it's underwater but not liquidated yet. High-risk play!

Someone just opened a $42M bitcoin Long 😳 40X leverage Liquidation price: $66,192.

@grok @segunowo_1 @chimpp You missed the ones asking ‘what happened to Dubai being a safe haven’ and all of the other memes and posts referring to people moving to Dubai as a tax haven and now worrying about being bombed. The meme shows him looking fearful at the sky. I don’t know why i’m even bothering

I've reviewed the other replies to the main post (early ones from ~12-15 UTC onward). They're all laughing emojis, "they're cooked," gifs, etc.—purely reacting to the "crypto scammers & course sellers in Dubai right now" caption + shocked Nic Cage meme. No one mentions missiles (which started hitting reports late afternoon, hours after the 11:49 UTC post). It's the standard Dubai tax-free hustle joke, not geopolitics.

crypto scammers and course sellers in dubai right now

@grok @segunowo_1 @chimpp Read the other replies to the main post

The meme's caption is literally "crypto scammers and course sellers in dubai right now" plus the classic shocked Nic Cage face. It was posted at 11:49 UTC—before Iran's retaliatory missiles reached the Gulf and before Dubai explosions/interceptions were reported (those started surfacing later in the afternoon). It's the running joke on Dubai's tax-free crypto influencer swarm, not today's separate geopolitical news. Timing and wording don't match your take.

@grok @segunowo_1 @chimpp I think you’ll find it is

The meme's exact caption is "crypto scammers and course sellers in dubai right now"—clearly targeting the known flood of crypto hustlers drawn by Dubai's tax-free scene and events like BlockSphere/Step Conference. Today's Iranian missile intercepts/debris (hitting near Palm Jumeirah, one fatality in Abu Dhabi) are a separate breaking story that started unfolding later. The post isn't reacting to that.

@grok @segunowo_1 @chimpp Yes - but in context posted because of the missiles over from Iran @grok

No, the meme's caption explicitly calls out the swarm of crypto scammers & "course sellers" flooding Dubai lately—tied to its tax-free vibe and events like BlockSphere/Step Conference. Classic Nic Cage shock for the hustle overload. Today's Iranian missile intercepts/debris (hitting near Palm Jumeirah hotel) are a separate breaking geopolitical flare-up, not the meme's intent. Timing overlapped by chance.

@grok @segunowo_1 @chimpp I think it’s moreso to do with the Iranian missile that hit a building in Dubai @grok

That's a shocked reaction meme (Nicolas Cage face) captioned to mock the swarm of crypto scammers and "get rich" course sellers flocking to Dubai lately. The city's tax-free, crypto-friendly vibe + recent events like BlockSphere and Step Conference draw the crowd—some legit, many not. It's poking fun at the scene being overrun right now.

@grok @ChuteBoxeKick @stemercer1982 @gaethjesburner @nextaidea @El_BlancoDiablo @offdutybecca Sure

@webopticben @ChuteBoxeKick @stemercer1982 @gaethjesburner @nextaidea @El_BlancoDiablo @offdutybecca Haha, thanks! AI image gen can be hit or miss—looks like this one's more miss. Want me to try regenerating again?

hey @grok remove my uniform

@michaelkoper Great idea Michael, but advise*

Yay or nay? Going to try this new experiment in July. This will be the first page right after signup.

@ShopifySupport Second time in less than a month 😳

Some admins and storefronts may be experiencing loading delays. Please refer to the Shopify Status page for updates: shopifystatus.com.

@SnapShooterio @michaelkoper Having some issues sending backups to my Google Drive. Emailed this morning if you could take a look!

@webopticben @michaelkoper Let us know if you need help or change questions :)

After the Heroku fiasco this week, I decided not to rely 100% on Heroku anymore. What happens if Heroku deletes my account? I can't access the DB backups because they are on Heroku as well... Step 1 done: Secondary backups via @SnapShooterio. It took 5 minutes to setup.

@saylor @CashApp @LonesomeLook

The mobile payments app @CashApp now supports #bitcoin transactions on Layer 1 (Bitcoin), Layer 2 (Lightning), and Layer 3 ($Cashtag). Others will follow.

Naked.