I trust the IRS as far as I can throw them...
===
Looks like Bitcoin is on sale this week... 1/2 off....
===
Looks like Bitcoin is on sale this week... 1/2 off....
Bitcoin, crypto currency and block chain...
- Thread starter iomegaman
- Start date
Help Support GroupDIY Audio Forum:
"1/2 off" ...and only up 50%+ from the 2017 blow-off all time highs of $20k 
Buying dips has been profitable in the past but at some point it won't.
I am not smart enough to time trades in BTC.
JR
I am not smart enough to time trades in BTC.
JR
Gambling is a dangerous game even if exciting. I only put in what I'm willing to set fire. My crypto exposure is mostly through the stock market through blockchain mining company. As seen today with Saylor/Musk tweeting about said mining companies agreeing on how it's gonna go it's clear Bitcoin has been taken over and in a matter of time only "allowable" transactions will be added to blocks. Bitcoiners stressing the importance of the white paper should have gamed this out but they celebrated Saylor/Musk's buying and idolized it and now they seemingly sold them out? It will be interesting to watch moving forward as this may be highly attractive to traditional finance while circumventing the "scope of intent" outlined in the white paper. I'm an idiot so don't listen to me.
The dodge master is pimping dodgecoin or maybe just playing games. I don't think he needs more money. He was critical of BTC mining not being green. He should invent a solar cryptocurrency.
JR
JR
The toll booths are being built into the foundation and the plebs happily hopped into the "reverse Trojan" without realizing what they were doing.
Sounds like a green BTC...
JR
PS: I heard that there was something like 100:1 leveraged BTC investments. Hard to imagine that wouldn't cause volatility.
JR
PS: I heard that there was something like 100:1 leveraged BTC investments. Hard to imagine that wouldn't cause volatility.
If Bitcoin is controlled, it's not by anyone in America.
The consensus mechanism doesn't care about your geography or perceptions of where what is.
iampoor1
Well-known member
You can buy through exchanges with a VPN (such as binance...not binance.us) if you don't want to attach all of your information to them.
I noticed that Tesla reported an impairment charge (loss) on their bitcoin holdings with their last quarterly report. I guess that becomes their new basis for profit/taxes.
JR
JR
living sounds
Well-known member
Next and especially last quarter of 2021 is likely to look much better for crypto. Let's wait and see.
I'm still dead even....
JR
JR
living sounds
Well-known member
I'm still at more than 2x from late 2020.
Bitcoin up ~100% year over year relative to Christmas, not bad.
Ravencoin halving is in ~2 weeks, the block reward is cut in half from 5000 to 2500 (analogous to Bitcoin's reward falling to 25 from 50 at halving)
ETH 2.0's beacon chain at ~5.1% APY and falling
Proof of work >> Proof of stake
Ravencoin halving is in ~2 weeks, the block reward is cut in half from 5000 to 2500 (analogous to Bitcoin's reward falling to 25 from 50 at halving)
ETH 2.0's beacon chain at ~5.1% APY and falling
Proof of work >> Proof of stake
I'm still dead even with BTC, my $0 position is still worth $0
Congrats to all the hodlers....
The closest I will come is my paypal holdings, while that other 7% dividend stock I bought about a week ago is already up 4%. The fed raising interest rates to combat inflation should hurt dividend stocks. Hopefully they don't cause a recession but they seem to be behind the ball on reeling in inflation.
JR
Congrats to all the hodlers....
The closest I will come is my paypal holdings, while that other 7% dividend stock I bought about a week ago is already up 4%. The fed raising interest rates to combat inflation should hurt dividend stocks. Hopefully they don't cause a recession but they seem to be behind the ball on reeling in inflation.
JR
living sounds
Well-known member
You can stake your BTC (and other cryptocurrencies) for dividends. For a coin with a lot of upside potential and ways to generate passive income I would suggest to investigate DefiChain.
boji
Well-known member
I'd like to learn more about yield farming / liquidity mining.
living sounds
Well-known member
Danger Will Robinson, that smells a little funny.
I've heard stories about stock investors using BTC losses to offset capital gains to reduce taxes. It seems to perfect the loss for taxes you would have to sell and then perhaps buy it back establishing a new lower cost basis. With stocks there is a wash rule saying you can't to wash trades quickly, but BTC is considered like real property so wash rules may not apply. I expect they will adjust the regulations if that becomes a usable loophole to avoid taxes.
I am too old and not smart enough for this crypto voodoo, good luck you all.
JR
I've heard stories about stock investors using BTC losses to offset capital gains to reduce taxes. It seems to perfect the loss for taxes you would have to sell and then perhaps buy it back establishing a new lower cost basis. With stocks there is a wash rule saying you can't to wash trades quickly, but BTC is considered like real property so wash rules may not apply. I expect they will adjust the regulations if that becomes a usable loophole to avoid taxes.
I am too old and not smart enough for this crypto voodoo, good luck you all.
JR
