I sympathise, in UK too.  

Since HMRC advice is so sketchy (it goes back to a vague 2014 reference effectively saying 'we will treat it all on a case-by-case basis') we are in the dark.

I only cash out in BTC and only (originally) went in via BTC so, I am asking my accountant to simply list all fiat 'in' events and fiat 'out' events and hoping it will be just CGT.  But be aware they can see it as 'badge of trade' and charge as though it was income if they think you're a trader.

I am hoping if I cough up CGT and list only Bitcoin bought and sold and just pay up, they will accept it.

If not, I will find others here in the same position and suggest we club together to get a QC to fight HMRC - as paying 45% income tax will be too much to let pass.

I know you and I have different 'cryptos of choice' but we may end up in the same expensive boat, under the same threat of a massive tax bill.

Odds on they will just take the CGT, but if not...  Let's consider a fight - I think we can probably both afford to chip in for a legal case with others, which they won't have the staff or competence to want to bother with.

Sometimes Dashheads and Moneroans can perhaps find common cause ;-)

 I've often thought about playing with some "house money" daytarding, but then the whole short-term tax bullshit starts coming into play with the IRS, and after exchange fees and whatnot, I've just told myself to "Shut Up and HODL. It's not worth the aggravation." (Any BTC that I'm selling off right now is taxed as long-term gains.)

 And I must admit, part of me is a bit jealous that you have the time to daytard "for fun".

 If it wasn't for my retirement plans that I've set in motion, I might be convinced to play with 10 BTC 'fo shiggles, on some exchanges, but that shit be too stressful, yo.

 Full disclosure: I'm strongly considering doing the whole arbitrage thing with running a well-funded LN node when the time comes.

NO.

No I do not think bittrex will be the new cryptsy, things are much different now.

Remember cryptsy was hacked by malicious code uploaded by....vegascoin? Some crap like that I can't remember.

Bittrex has a higher standard for coins being added and their code review is way better.

Now before everyone in this thread jumps me for supporting them I will empathize with everyone that it does suck to have funds
locked up.

Remember that crypto currency exchanges are in a huge grey area right now, and these markets move soooo fast. It's nearly impossible
for them to handle the influx of customers and volume this fast!! The same thing happened to poloniex last spring, also keep in mind that they are also
trying to follow and comply with ever increasing eyes from regulators.

If your funds are locked I encourage you to just take some deep breaths, the regulators are well aware of crimes of now defunct
exchanges mt.gox, cryptsy and mintpal..they arent going to let bittrex rob you guys.

No.

I saw a billboard sign outside a hospital recently that said they were researching why instrumental musicians recover from strokes appreciably faster than average. I'm curious to see what they find out.

There's no doubt in my mind that music is good for your health though, even if for no other reason than stress avoidance. Stress is a killer.

Why doesn't Paul make a deal with the American law, if it was him I would go to the court asking how many got accepted to the settlement "it is probably way lower than 11300 BTC" go to jail for a year after giving like 9000 BTC's back and after one year he goes out with 2300 BTC's and he can actually walk free around he's own country meeting he's own family? That's of course if it was him + he has the wallet. 

Hippe tech view. Maybe he in Philippine 20% ( mybe still in China 80% ),,
Who know ?? Who care
Prime target is paycoin & coinbase now

More like turn off all modern day jew garbage.  Take the new Star Wars for instance.  Nobody likes this SJW crap. Audience gives it a 53%, Rotten Tomatoes jews rig the score and give it a 92%:

Soon there will be 4k video cams everywhere.
You wont be able to stay anon except you move into the jungle.


Whats up will all the posts here.

Yes, I have had a conversation with my partner about a local restaurant we enjoy. No google search on any device. No recent posts on social media about the restaurant. Suddenly, up pops the ad on Facebook for this restaurant. (Not a national franchise.) May be a feature of the Facebook app though. But if a Facebook app can do it, not sure what would prevent any other app from doing it as well. Or even the firmware of your Iphone.
http://www.dailymail.co.uk/sciencetech/article-5200661/Is-phone-listening-word-say.html

I lived through the 2014 and 2015 bear market, and I continued to hold and buy BTC all the way down from $1200 to $200-ish, and even ran out of money a few times, so yeah, I used to feel a little burnt and skeptical because of that particular bear market and the severity of it - but surely the events of the past 2 years have brought more and more confidence to me, and especially the past 4 months have demonstrated over and over that we are in a bull market and has also provided considerable equity including BTC price performance that exceeds 3-4 times the more bullish of my earlier contemplations for this same time period.  

Surely, currently we remain in a bull market, and merely because we are suffering in a bit of a correction in the 45% territory from $19,666 to $11,060, we would need to have a whole hell-of-a-lot more BTC price correction - say perhaps in the below $5k territory within the coming weeks to perhaps begin to discuss the possibility that we could, perhaps, be transitioning from a bull market to a bear market.  Otherwise, until shown otherwise, we remain in a bull market, which means that the odds of up are greater than the odds of down...

Sure, we can continue to watch price and the status might change, but there is no reason to get scaredy pants off because of a simple fucking and more or less normal correction.  If you recall we have had about 3 corrections 40%, 30% and 27% in the past 4 months, prior to our current correction, and if we look at the whole calendar year, we could put together a list of additional corrections, and we can even go back another year to see that we had at least one decent correction in 2016 too (in August following the Bitfinex "hack" situation).. that did not cause a transition out of our current, ongoing and seemingly persistent bull market.. .. in other words way too early to call.. or even to become scared about the possibility of transition into such bear market... which seems to remain on the less than 50% side of the probabilities ledger.

Instead of being like like everyone else, please specifically list all the e-Commerce transactions that you have been doing with bitcoin. As well as the exact ratio of bitcoin transactions vs. fiat transactions you do for legal spending per month.

Otherwise, these blanket statements are just representing complete fallacy.

When I first heard about Bitcoin, I fully bought in to the whole "digital currency is better in every way to fiat for online purchases" line. Only problem though, is that unless you are trying to buy something illegal, it really isn't better than fiat.

In the past 4 years, I've never come across a single scenario where going through the hassle of buying Bitcoin, getting charged the fee, waiting 3-4 days for it, then spending it online for something, was in any way better or faster than just using a credit card or online bank account. The fee for purchasing the bitcoin + the waiting + the fee for the spending transaction + the time for confirmation just never outweighed just spending my fiat directly in the first place.

Truly, something like Lightning Network is the ONLY way Bitcoin is ever going to have a chance to compete with worldwide fiat transaction systems by giving people an INCENTIVE to buy bitcoin for that purpose. Even then, I just don't see most people buying bitcoin for the purpose of turning around and immediately spending it online. I just don't.

Totally wrong because you can't actually take delivery of a bitcoin even if you have the private key.  Bitcoin is an imaginary digital loaf of bread that lives in "the cloud".  But there's no such thing as "the cloud", just you uploading your shit to someone else's computer you don't control.  If you want to then do something with your imaginary loaf of broad, you're required to ask permission to a miner to do it because transactions are not blinded and he can block your transaction if he wants.  It's also designed to centralized, so it's inevitable govt co-opts the mining facility and you will be asking permission of the govt.

Even if you pretend mining doesn't centralize, you're then required to pay a ransom or usury fee to a built-in middleman that's impossible to remove called a transaction validator (miner).  So it never was YOUR bitcoin in the first place, now was it?  You were just a child who has to ask permission to a parent to do anything and the property was never yours to do as you wish in the first place.

R0ach only advocates that you buy the actual bullion, not pieces of paper. Therefore, your argument isn't going to fly.  

For all intents and purposes, gold and silver still work as perfectly fine as ever.  The term you're looking for is rehypothecation.  Lots of people who believe they're holding gold or silver hold none because the bank has rehypothecated them and given them worthless digital numbers instead, so the only people who hold any type of value are the ones who hold physical in their possession, while everyone else has been robbed by the bank.