face it canadians are just cooler poeple.

Relax, unless you're desperate for the money right now like ASAP then the current price is nothing. If you can hang on until the halving you'll probably see double 40 times the current price.

new technology=blockchain they will not ban it of course.

but what im afraid of is that states+banks+multinational companies will use the technology to create their own [controlled] tokens. And when they are ready few years from now, they could start prohibiting  other cryptos from financial transactions. its impossible to ban people from sending bitcoin transactions, but they can ban e-shops/exchanges from accepting them for purchases payments, and push for their own controlled coins instead.
what would be bitcoin without ability to use it for buying stuff?

A sign of being overly invested.. in other words, you do not have your expenses projected out on a long enough timeline in order to provide you a large enough float.. whether that float needs to be $1k or $10k or $20k is something for you to determine ( but seems like you don't quite have it down, yet). 

I tend to project my expenses out a minimum of 6 months and frequently into the 18months or more timeline... so a lillie dip like this (and only for about 2 weeks) has not been going on long enough to cause anything close to cash flow pressures - Sure, if it goes on for 6 months or it goes down another 50%, then that could be another story for me, and I would want to start adjusting now for what could happen 6 months from now so I am not selling at the bottom, if that were the case.

Trust me, when most of your wealth is tied up in bitcoins, you will spend them.

The flaw is thinking that people that get it will be holding very much fiat to spend. Maybe enough for a restaurant or groceries for the week but the big things like travel, large purchases, etc. are done with bitcoins.

Now this is a nice revolving system. For the earliest adopters, there is the nice "got fiat even" milestone when you withdrew as much fiat as you put in. The milestone can be hit several times, depending on the timing of buys and sells.

If you are asking me how you can safely break the law, I can't answer that for you. I skirt any such issues by claiming as cap gains, either short or long term, or as simple income, as each transaction is required by law.

Frankly, i agree with your assertion that the current application of tax law is criminal. But the courts that hear tax cases -- up through appeals courts -- do not allow any discussion of the conflict between the law as enacted, the executive branch regulations which are mere administrative interpretations of the law, and the IRS policies and procedures as encoded into forms and instructions. And the Supremes routinely refuse writ of certiorari on such cases.

As a consequence, I just keep my head down and play the game as they define it. There is essentially zero chance of making them toe the line of the law until that day when a majority of the populace wakes to how evil the system has become.

Looking at the dawning understanding of the evils of partial reserve banking amongst the people, I am encouraged to think that day may come before I draw my last breath.

I'd suggest you discuss with a qualified CPA or financial lawyer. That respects crypto. The intersection is pretty small, but growing.

no other country has so many people run amok or accidents with weapons. I don't know another country where 3 year old children kill other 3 year old kids with guns. this is no false flag, this is sad reality. more weapons -> more innocent dead people

I voted for Gary Johnson. But I do understand the votes for Trump.

However, you might want to reconsider in the future. Not voting for the libertarian candidate because you believe they "have no chance of winning" is not really helping the cause btw.

I.E., if no one votes for the third party for fear of losing, then a negative feedback loop is constantly reinforced every 4 years and thus the Libertarian party's chances of winning will never grow, because their percentage of overall votes will never grow.

Despite this behavior, though, the Lib party's percentage of votes is growing. The near term goal is to gain enough %  of the votes to where the Lib party can no longer be ignored by the establishment.

He clarified that position:
http://reason.com/blog/2016/08/25/gary-johnson-changes-his-mind-on-mandato

Also, please don't make me have to go dig up at least 5-6 stances on things held by either Trump or Hillary that would make the average person want to vomit themselves. These party candidates are not 'perfect' in all their views, far from it. If you are waiting around for that 'perfect libertarian candidate', you're gonna be waiting a long time. Possibly forever.

I rather be a Bitcoin millionair then converting it all back into fiat

And then go out find a cure for cancer or polio or fly a shuttle into space, literally go to the moon.

Would rather keep my dignity intact, TBH.

EDIT: LOL @

yeah. even my wife watches the price now.

we need a new poll with different numbers. 17,000+ USD??? this is just.. well.. uhh.. dunno what it is but its a cool ride!

Yeah, every trade is a taxable event to US persons. Whether that is buying coffee or litecoin. It is property according to the IRS.

Even if you thought you could get away with the like kind exchange rule, you still have to report every trade individually on the exemption form.

If it were classified as a stock, you could just report net gains and losses but not so with property.

They have made compliance nearly impossible so unless someone passes a law to exempt transactions prior to a certain date, a lot of people are going to owe back taxes and penalties if not jail time.

...
BTW, Gemini support is terrible. Absolutely awful. I apologize for being blunt, but I've been working through issues cashing out $1M USD from a sale back above $14k, and still have not received a single freaking response from customer service.

Their system for getting verified is a bit convoluted - Wire in money from your financial institution, and, in theory, that sets up a two-way channel for them to initiate wires back to you.

Well, this works great for my primary financial institution, but not for the institution that is handling my retirement portfolio.

Long-story-short, I'm needing to wire funds out of Gemini into Financial Institution A, and then walk into Institution A and say "Greetings folks. I would like to make a Wire Transfer to Institution B. Here is my account information."... wait a moment while they pull up my account, sigh to myself as their eyes bug out and raise a curious eyebrow towards me, look further into my account history, and say "Yessir Mister Lawblaw. We'll get right on that. Would you like covfefe while you wait ? We'll need the manager to sign off on this..."

Coinbase has better support, for the love of God.

Coinbase at least allows me to ACH direct into Institution B. I feel dirty supporting Coinbase tho.

All the exchanges are shit.

Or it could be .3 BTC or .5 BTC. I am not going to speculate when it comes to giving Uncle Sam their pound of flesh. I am very small fry, as you can tell about me bitching over a somewhat trivial amount.


If you have over 100 transactions, they charge 20.00. I paid the fee since I had well over 100 transactions and it is a lot easier than me trying to manipulate csv files myself to convert to something I can port over to a tax software program. I'm certainly not going to write by hand all the transactions on a schedule D form. They may be using my information for other purposes, but that's the price to pay for the convenience.

Anyone here from 2013?? 

https://www.youtube.com/watch?v=K2ku1A5Ox8U

Oh, another leg up... Here's my train: https://www.youtube.com/watch?v=nQDcDZ6rmGE

Personally, I'm in the camp of believing the shootings and most other "terror acts" are manufactured by the state.  Sure, all the medication people take now days is likely a large contributor if it's not entirely manufactured but I'm still leaning towards a state manufactured agenda. Seriously, are shootings just getting popular with the youth like eating Tide balls? Common, I truly don't believe so many people are slipping on the same banana.
History does not repeat but it rhymes. You think we could have gotten support to invade the Middle East without 9/11? And they're still there?
I call BS  

Been worried about this for months...maybe ive been delusional this whole time with the thinking that "another bear market cant last that long, institutional money now".....

As we know, the IRS does not claim that you owe income tax on revenue. The IRS claims you owe income tax on income. Which is revenue minus expenses.

Most (nearly all) altcoins will not recover.  The ecosystem cannot sustain them.

The market is in a bear phase, and will be for the rest of 2018 at least.

I wish it would happen that quickly, but unfortunately it will take some time.

Should we shed a tear for many of the bears today? 



Hello, this is your margin call.

weird. where have the bears been? in the last two days it would have been easy with one final mediocre dump to squeeze out the last bit of hope out of this market. usually the bears do not miss those critical points. why did they this time?

Touche.

However, does this justify removing one's nose to spite the face?

Just because I find war abhorrent, doesn't mean I also find diplomacy, education, research, infrastructure, healthcare, etc. abhorrent.

I vote my conscience and try to inform others on issues important to me. Society is ultimately responsible for who we allow to lead, whether that is who directs our wars or who regulates our financial systems.

Bitcoin will not succeed without society's backing. That means paying your taxes fairly and avoiding criminality. For some, this might require renouncing citizenship and moving to a more tolerable jurisdiction. So be it.

Current Google trends for "Bitcoin" is same as Aug 6 when price was $3300. 

So, where are all the bear posters now?
Please post something shitty. So we can all fuck you up real good.

The future's bright.



The future's bitcoin.

Bit Conifer trading itself into somewhat of a corner @ $7500 around early June.

Break up or break down ?

$9,333 on Stamp - Can we break $9,500, feels a long time since we even saw above that price.

looks like we are going to go above 10K in 1 to 4 hours from now.

Add a digit, minimum 

"First they ignore you, then they laugh at you, then they fight you, then you win.
Anyone in a fighting mood?
https://www.nytimes.com/2018/05/04/upshot/should-the-fed-create-fedcoin-to-rival-bitcoin-a-former-top-official-says-maybe.html

ok, perhaps. but it's been accepted as normal, allowed, and legal for... what, something like 100 years now? what, precisely, do you expect to be done about it? to remove the fed's power is nigh impossible. it would likely require literal war and revolution to bring down the government as we know it and build something new, or at least closer to the original constitution if that's the goal.

i say the same thing to any theory - like faked moon landings or flat earth or less insane ones like this Fed thing. ok, so maybe you're right. what's your point? what do you want to be DONE about it, and what will that change? are you going to do it? do you think you can actually effect change at all?

If it manages to hold above 7k this time, this will be the second higher low. All three bottoms are nice and evenly spaced out too. Confidence that the bottom is in could be all that we need in order to make new all time highs in short order.

Actually..... I don't care anymore.

I'm gaining more and more stash. We'll see what it does. if it goes to zero and dies, it was a hell of a experience. Everything is paid for, no losses and no gains. If it doesn't... Wellllll, then i'm working on my early retirement right now, and save the major bulk for the homes of my children to give them a great headstart compared  to the rest of the masses, and start a easy life with less stress.
Best gift you can give your kids.

That's why I trade only with pocket money.

Cause I'm one of those idiots saying in a 10 months downtrend "OK NOW TO THE MOON" I open a long and I get screwed in the next 4 weeks obviously.

Trend is not my friend, trend is a silly bitch laughing at my despair 

Calm down girls, we’re only up $200. Last year we were going up thousands of $ a day

... So, I think the most safe thing is to hodl until there is a need or a strong desire to pay for something useful with part of the stash like house, car, college for the kids, etc. And after the purchase, any proper opportunity to recover the stash should be used. If only all people were thinking like that, we could have avoided all these idiotic crashes. ...

It sounds like a perfect plan, except a little tiny itsy bitsy detail: Do you know what the top will be with an 100% certainty? Unless you have a time machine, I doubt it. In early 2017 the top was almost certain to be $1000, 3 months later $3000, then ... you know the drill. I got burned by that logic 5 times in 2017. If I was just holding, now after all crashes, I should have had 4 times more bitcoins than I am having now. In reality, if you sell with the hope of 80% gains, you will certainly sell at least 10% below the top, and if you got the luck to nail the momentary dip, you could get like 20-30% tops. And that, if you are extremely lucky! Besides, there is a risk leaving fiat on exchanges and 10-40% taxes if you withdraw to the bank account. So, I prefer to hodl in all the coming crashes. Bring it on, baby!

...
To be a real hodler you need to fucking care. You need to suffer. To agonize.... and still f*king hodl!.

Unlikely in my opinion but do your own research.

It dies simply from having garbage fundamentals compared to physical metals.  As I already explained, there is no plausible outcome Bitcoin becomes the world reserve currency.  None.  You need a very low IQ to not understand that the base of Exter's pyramid is determined by whatever asset removes the most risk and counterparties, and Bitcoin has built-in middlemen and counterparty risk, can die from an unfathomably large amount of black swans, while metals require a black hole hitting the earth to be destroyed.  

Risk is objectively higher for any digital shitcoin over metals period.  Not 'a little' higher, retardedly higher.  It's not possible for digital shitcoins to defeat metals on Exter's Pyramid.  Only a fool lies to himself thinking telling himself lies is going to help him make money.  You're getting high on your own supply.  The only two possible outcomes for US currency and/or world reserve currency after the dollar implodes are as I already explained below:

BTC should make you & your wife wealthy but if you save even a couple of full BTC’s in cold storage when your daughter is our age she will be free from any worries, any stress etc.

Our journey into BTC is about making sure future generations are provided for too.

(I don’t have kids but we plan to have one in a couple of years).

That fire will be the children with no worries about money.




I suggest you should torture your kid, and making him worry excessively about money, so eventually he/she will just stare at the money and not spend it. True hodler virtues will be passed on to a next generation!

What the hell happened ? I was trying to earn a bit and suddenly my sell order is in the middle of a green dildo and I have to pray for a dip.

This is negative action, a while back it lost the positive trend.   Its been doing well to go sideways but its failed a few times to go up.   It looks negative to me and I think the potential is greater downwards then upwards, truth is nobody can tell you absolutely and in any case the trend varies by the time frame you view it from.   Short to medium term I'd call it negative I think

This is some double top, basically just short term but speculators watch that


This is longer term and matters more, I could be wrong but the simplest approach is to count the highest peaks and call if they go up or down each time, same for lowest prices each day or week.  Its in a descent I think hence thats the likely larger trend till broken I assume.

@officialmcafee
Bitcoin is under pressure from the U.S. and its price reflects it. But the U.S. has no real power in controlling CryptoCurrency. Just watch. A week from today Bitcoin will continue its meteoric rise.

https://twitter.com/officialmcafee/status/1155211540846600192?s=21

She looks like a nice gal


Overly ambitious.  But I wouldn’t definitively rule it out.

Don't tell me that we have another one chasing the train...

Common btcbeliever ... common.. run... run ... run.....


I will hold out my hand... hang onto your suitcase and run... you can do it... you can do it.....  


with a name like "btcbeliever," you should not be chasing the btc train, AmiNOTrite?

yes, good day.

hodled 100% of my assets for a +8710% (unrealized) profit.

Fascinating. I had no idea they were related.

Peter Schiff published a moving memorial speech about his Dad Irwin.

https://schiffgold.com/commentaries/death-of-a-patriot/

Far more likely that instead of the govt collapsing from people refusing to pay taxes, it collapses because the govt can too easily levy taxes through inflation, finally resulting in collapse through hyperinflation.  Instead of a simple downsizing in govt, you get a full implosion because accountability in spending is a tragedy of the commons for a govt that controls the monetary system.

Sorry I am going to call this out. This will be a highly unpopular post.

Dying chained to a hospital bed because you refuse to pay federal taxes is not the act of a patriot.

It is an act of greed, foolishness and stubbornness.  


Given he died in prison, maybe not such a good idea to follow his advice. 

Got a call from my bank today. They had a few questions about my finances and expected money movements in the coming year. I barely deal with them so it was over quick, but they know I have bitcoin and I know they don't like it. Probably just a matter of time until they boot me, but that's expected.

I'm gonna buy my plane tickets with bitcoins the next few times. Lots of places that do it now, gotta see if I can actually live a normal life without a bank.

Busy at the moment so do not have more than 10 seconds to spare. But from Wikipedia:


Also from Wikipedia:


I am confident the other listed arguments are equally as frivolous.

We are about due for a breakout to $12,000.

Fakeout and beartrap

What do you think?

Euhhh
Christians believe that Christ has already come to save us.
Jewish people believe the messiah has yet to come.
You cannot be Jewish and Christian in my books...

I don’t believe but I just wanted to note this fact...

Don't worry. I guess there are some whales whom binge-drunk today, and unintentionally click on sell button at wrong prices. Consequently, they unintentionally dumped bitcoin. Price will recover next several days.

Three things I'm absolutely sure of:

1. My death
2. Bitcoin reaching $100k in the next five years.
3. -

never gonna see sub $10k prices again. 

 

I would be very happy it that were true.
I have a fraction of my btc hoard loaned out to celsius.network at 4.6% annual interest,
Paid weekly in btc
I sell it as soon as I get it, since I'm retired (thanks solely to btc).

If you got rid of Antifa the ProudBoys and other violent alt-right groups would still be here. Not the other way around. Antifa is a response to the alt-right. If you think they are just 2 equal sides to the same coin you have not been paying attention.

"Over the past decade, extremists of every stripe have killed 372 Americans. 74 percent of those killings were committed by right wing extremists. Only 2 percent of those deaths were at the hands of left wing extremists." (and note none of those deaths have been by Antifa)

https://www.snopes.com/news/2017/08/17/are-antifa-and-the-alt-right-equally-violent/

https://www.infowars.com/snopescom-lies-continues-the-911-cover-up/

These days, Snopes.com has become the be-all, end-all arbiter of truth. I don’t know how this happened. The site is wrong about a great many things, for some reason people still cite Snopes to me as “proof” that I am wrong about one thing or another, as if they were a know-all god that can not tell a lie. Well, when it comes to 9/11, Snopes.com is a false and very outdated god.

^You cited infowars as a reliable source? Gay frogs man?  I can’t tell if you are joking or serious but it’s pretty funny either way.  

Today’s candle is tiny.

So normally that ends in a PAMP.  

Fingers crossed.  

That doesn't correspond to facts, my friend.

Here is one:
The United States of America is home to 4% of world's population and home to 25% of the world's PRISON population. The US is the most totalitarian state nowadays!

Second fact:
Yellow vest movement in France. Many protesters were severely injured broken arms and legs. Some have lost eyes in result of the police brutality. How many protesters in Hong Kong have lost eyes or ended up in hospitals with broken arms and legs?

Facts are stubborn things, right?

Yes, it is already better! Facts are stubborn things, right?

The "totalitarian communist regime" in China is advocating for open borders and free trade. The "beacon of democracy and leader of the free world" USA (aka United Sanctions of America) is imposing tariffs, sanctioning everybody they can think of, building walls, and bombing independent nations (too weak to retaliate) into the Stone Age just because they don't share their cowboy values. The "totalitarian communist regime" in China pulled 1 billion citizens out of poverty and created massive middle class during the last 20 years. The "land of the free" during this same time successfully killed big chunk of their middle class and created the biggest income gap between the rich and the poor the world has ever seen.

Merited, but bitcoin does not provide passive income, unless you are into rehypothecation games with blockfi, etc.
BTC is a hard money, but you need to exchange it to soft money to live off of (for now).

yes, blockfi and Celsius, but such interest is not "native" to bitcoin blockchain and comes from a third party re-hypothecating your btc that you "lend" to them.
Essentially, you have to assume that they don't go belly up somehow and would always return your btc.
Do you feel lucky, hodler?

I have been biting at the chomps about whether I should respond to this thread of conversation, and you surely have to weigh your risks when you put some of your BTC stash with some of those third party entities to "earn interest."

I can surely understand the urge to earn more BTC, but there is really no free lunch, and personally, I think that many peeps are going to be way the fuck better off to just accumulate as much BTC as you can by just buying it or any other reasonable way that is available to you without putting your principle at unnecessary risks.

Accordingly, if you are able to accumulate a sufficient amount of BTC, then you can live off of it's likely appreciation in value, which seems to be goddamned likely, especially if you have at least a 5 year timeline (3.5 years has been the historical bare minimum in BTC, but history does not guarantee future results). 

So, I am suggesting to accumulate enough that you can calculate a withdrawal rate that goes to a decent amount of years in your life that is likely to only affect maintenance levels of withdrawal of your BTC but then you can also go on a more aggressive withdrawal rate if you believe that your life is going to end at a certain period of time (which is likely difficult to measure with any kind of precision).

In previous posts, I have gone into detail about what I would consider to be a reasonable maintenance withdrawal rate, which is 1% per quarter.  Anyhow, you can apply BTC quantities to your own life style situation (or expectation of standard of living) to figure out how many BTC you would need in order to be able to sufficiently use BTC income to pay for all of your expenses or to supplement any other income that you might have in order to achieve a maintenance level of withdrawal versus a depletion of principle rate of withdrawal.  Of course the depletion of principle rate of withdrawal is the more aggressive of the withdrawal systems.

It might be o.k. 

I have been relatively frugal all of my life, even while my standard of living did increase, so there might be some difficulties to adapt - as compared with either growing up rich or even becoming rich in your 20s, then you might be able to really adapt by the time you are in your 40s.  In my case, I am older than that.  I already had more than 30 years of investing and becoming more and more rich with a kind of exponential growth that came with bitcoin and seems to have decent chances of continuing in the coming 3-5 years or perhaps less,  as we all kind of expect a bit of a boom and perhaps even another blow-off top to happen no later than the end of 2021, but likely sooner than that.

Surely you have a gay frogs man video to back up your points?

Btc search on the google trends has a new spike  
The chart shows you the timeframe for the 90 days for the world.

Observing 10,192.90 how corner $6k?

Reminds me of the farmer who kept a 3 legged pig for a pet.
When asked by his neighbor how it lost a leg,
the farmer replied, “well, him being well trained and all, I don’t want to eat him all at once.....

By the way good afternoon WO brother!
Bitcoins moving in between 4 and 5 figures
Current observation @ $10,020

History repeated this way several time but you can not be just very sure about anything. HODL!

-15% in a few hours? You can do better than this bears! Come on bring it on!   We have no fear we are !@#$ veteran Roman soldiers holding formation for years  

... just as it is taking down Trump after he came out as not a fan of Bitcoin and derided it on the interwebs.
Hail King BTCitcoin. Amen. Hodl  

I have to disagree on this one... 350K net income would be a nice life for a bigger % of the people living there .....

Bang bang,someone is going to get an opportunity to buy some bitcoin for cheaper.

Most people don't have long term goals by the way.

Something I’d recommend you guys watch is Unnatural Selection on Netflix. I was up all night binge watching every episode. I love science lol 

...
I truly believe we will reach a point where ALL governments in the world will be printing off endless amounts of fiat in order to buy as much Bitcoin.......but guess what? at that point we will all know that Fiat is 100% dead (dead as in it will be a never ending hyper inflation, and all of the people of the world will finally realize that Fiat is just something that loses value, while Bitcoin will just gain value as more fiat is printed) and no one will be selling their Bitcoin for Fiat, it would be beyond stupid because the Bitcoin you sell for Fiat, might lost half of its value the next day if the government decided to print (Digitally print) off trillions more, which will push Bitcoin up to millions of dollars (5-50 million dollars). Perhaps A zillion dollar marketcap, and no im not saying this because I am delusional, I just think Bitcoin is the black hole and governments will end up printing off trillions upon trillions to get more Bitcoin, but people are not going to convert back, and of course at this point being a millionaire wont be anything special.

I would say at this point, if you hold at least .2 Bitcoin for the rest of your life, you will be living an easy life. Keep in mind to, when this does go down, governments useless fiat wont be able to pay anyone to go pursue people who have Bitcoin. No police officer, or government worker is going to want to get paid in fiat, they will want Bitcoin, which the government wont have enough of to even hold things together let alone go after Bitcoin HODLers (Arrest, confiscate, etc).

hahahahaha

You seem to have some correct in you from time to time, lambie bambie.

When there are posts about extravagances, then that seems to be an opposite behavior to HODL and accumulate... especially when the BTC prices are dipping.

Seems that we might need more McDonalds posts and possible ways of frugality during these kinds of trying times.

For me personally 5 million is enough to live a nice, comfortable, enjoyable life.

A lot of people get distracted and lured into interest bearing products because they believe that the return on BTC is not good enough for them. Seems too risky to me, and also seems unnecessary, but if you want to trust your coins with third parties, then so be it.  That's your choice.

Many times people who borrow BTC are actually dumping those BTC so yes, there is that aspect to it, on a more macro level.

A different perspective on Coronavirus. Just got this via WhatsApp from a Chinese friend. Sorry if already posted.


[/quote

"It now appears as though there are two sets of coronavirus numbers: one for public consumption, and another for internal government tracking. And it’s the internal numbers, which are now over 154,000, according to leaked data, that communist China is trying to keep a secret for as long as possible."
https://www.naturalnews.com/2020-02-06-if-coronavirus-no-big-deal-why-china-cracking-down.html

Mike Adams has reliable sources (his wife is taiwanese, and he speaks Cantonese, has many well-placed Asian contacts) that Chi-coms are shooting infected people and thus not counting them as deaths from the virus,  then have cremation vans operating 24x7, and he says there are no authoritative sources on death-count, but his informed estimate is 250,000 deaths so far from this virus.  And people are curing themselves of this virus through natural medicine and building strong immune systems.

Mike Adams does not trust the CDC, UN, or WHO, and neither do I.

In case you haven't gotten an answer; Kraken.  They support Tether, but honestly I haven't used their service, so it's not a recommendation.  I would just use Coinbase or Bitstamp to buy BTC then send it to Binance to trade for whatever.