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1021  Other / Beginners & Help / Re: UK tax position on Bitcoins gained through mining? on: November 12, 2013, 01:56:08 PM
Well buying coins is capital gains and selling your mining shares would be capital gains.

If you spent £10,000 on Bitcoins/Mining Shares, and later sold them for £40,000, you report that as a capital gain of £30,000.

I guess shares in mining equipment production would be dividends, they are producing income.

You can also use your spouses capital gains allowance if you say it was a joint buy (£10,600 each).

1022  Other / Beginners & Help / Re: Solo mining but no accepted hashes on: November 12, 2013, 01:44:22 PM
Sorry but couldn't resist..

assuming you had an Nvidia GTX680 (120MH/s)..

it would take 580 years to solo hash a block on average.  

Seriously don't waste your time and electricity on this! Cheesy

If you really want to mine on a GPU first thing you should do is sell the Nvidia, and use the money to buy the equivilent AMD/Ati 7970 (640MH/s) it's 5 times faster!

Then seriously consider Litecoin instead.
1023  Other / Beginners & Help / Re: Lost bitcoins on: November 12, 2013, 01:18:25 PM
Don't worry about, it each 1 Bitcoin = 100,000,000 Satoshis = 2.1 Quadrillion total Satoshi coins!

If you lose yours it just helps mine gain in value.  Wink
1024  Other / Beginners & Help / Re: Hobbyist Miner Needs a Helping Hand on: November 12, 2013, 01:15:06 PM
Try mining Litecoin instead.

I know you said you was doing it for a hobby, but you're just throwing electricity away trying to mine Bitcoins unless you buy some kind of USB ASIC to attach to it.

You'd have better luck sending your wife to visit free bitcoin dust sites every day.
1025  Other / Beginners & Help / Re: Why can't I earn BTC from BTC-E? on: November 11, 2013, 05:54:06 PM
There is a transaction costs associated with processing bitcoins.

Free Bitcoin coins are often referred to as Bitcoin dust in the community.

It's hard to move them around because the transaction fee will be greater than the value of the dust.

Download Bitcoin-QT to create a bitcoin wallet on your own PC and store your dust there.

Storing them in a separate dust address until one day when Bitcoin is worth much more and you can spend them.

Don't mix them with your main Bitcoins.
1026  Other / Beginners & Help / Re: We have a fairly popular website and would like to promote Bitcoin. How? on: November 11, 2013, 05:48:27 PM
What is your web site?

You could start by accepting candidate donations via https://bitpay.com I suppose.

I'm sure most of the Bitcoin community would back candidates who could push honest money policy.
1027  Other / Beginners & Help / Re: I am now accepting Bitcoins for my business! on: November 11, 2013, 05:42:57 PM
Excellent, how did you set that up exactly?

https://bitpay.com
1028  Other / Beginners & Help / Re: Walmart Accepting Bitcoins? on: November 11, 2013, 05:40:30 PM
10% off with Bitcoin purchases in Brooklyn

http://www.businessinsider.com/brooklyn-bitcoin-bodega-2013-11

This is what we need guys, get people spending it. Wink
1029  Other / Beginners & Help / Re: I am now accepting Bitcoins for my business! on: November 11, 2013, 05:38:21 PM
10% off with Bitcoin purchases in Brooklyn

http://www.businessinsider.com/brooklyn-bitcoin-bodega-2013-11

This what we need guys keep spreading the word and get stores accepting it.  Wink
1030  Other / Beginners & Help / Re: Walmart Accepting Bitcoins? on: November 11, 2013, 04:32:34 PM
eGifter is accepting Bitcoins not Wallmart, big difference, bit it's a start.

https://www.egifter.com/bitcoin/

Wallmart gift tokens no longer available. Establishment doesn't want to play, eh?
1031  Other / Beginners & Help / Re: sell trigger for my bitcoins on: November 11, 2013, 03:48:32 PM
Sure stick a sign on your forehead saying "please legally rob me" too.

That stop order is visible on the order book and traders use times of low liquidity to go stop hunting.

If there was a flash crash it would probably sell out at well below the price you set anyway.

 Wink
1032  Other / Beginners & Help / Re: Do you think shorting of Bitcoins should be allowed? on: November 11, 2013, 02:49:30 PM
For the trading newbies..

this is how a short stock market really works (0:00-1:33)

https://www.youtube.com/watch?v=AQ8HjDRrHt0

Funny but true! Cheesy

Funny, but not true!
Who is borrowing here?

It demonstrates the mechanism of pushing the price down, so newbies sell, and then buying back the stock ,below cost, to close the position at profit. If you cannot see the similarity with what happened this weekend you have no sense of humor.  Cheesy
1033  Other / Beginners & Help / Re: Should I buy 7970 for mining? on: November 11, 2013, 02:39:49 PM
Bitcoins no (will take 5-6 years to make a bitcoin/cost you vastly more in electricity),

Litecoins yes.
1034  Other / Beginners & Help / Re: Need help trading, suffered big loss! on: November 11, 2013, 01:22:37 PM
buying it at $290-$310 still a good period

Man buys Flat with 4 year old stash of Bitcoins

http://news.sky.com/story/1161340/bitcoin-man-buys-flat-with-forgotten-fortune

Yeah, people gotta stop thinking in terms of Bitcoins but instead in terms of Satoshis.

1 Bticoin is 100,000,000 Satoshis.

In the end, every day folk will be spending Satoshis (The name sake of the Bitcoin Inventor), not Bitcoins.

Only the Elites will trade whole Bitcoins.  Wink
1035  Other / Beginners & Help / Re: This is why I start bitcoin on: November 11, 2013, 01:34:28 AM
This is the original one that explained it the masses...

Money is Debt. http://www.youtube.com/watch?v=jqvKjsIxT_8
1036  Other / Beginners & Help / Re: STOP SPAMMING Me on: November 11, 2013, 12:57:47 AM
Click PROFILE (above)
then click NOTIFICATIONS AND EMAIL
and then click un-check.
1037  Other / Beginners & Help / Re: Need help trading, suffered big loss! on: November 11, 2013, 12:51:53 AM
Now this is buy and hold...

Quote
Winklevoss brothers did, in fact, hold onto their bitcoinss after April's crash. A source close to the Winklevii says the brothers now hold 1 percent of all Bitcoins in circulation, worth more than $40 million.

http://www.washingtonpost.com/blogs/the-switch/wp/2013/11/09/the-11-million-in-bitcoins-the-winklevoss-brothers-bought-is-now-worth-32-million/

These are the guys who sued Facebook to get rich, if you don't already know that. Wink
1038  Other / Beginners & Help / Re: What is wrong with MTGox? on: November 10, 2013, 11:29:17 PM
When there is a lot of interest in bitcoin they obviously get a lot of new accounts to verify (for anti-money laundering reasons) and it can take some time.
1039  Other / Beginners & Help / Re: Do you think shorting of Bitcoins should be allowed? on: November 10, 2013, 11:17:28 PM
For the trading newbies..

this is how a short stock market really works (0:00-1:33)

https://www.youtube.com/watch?v=AQ8HjDRrHt0

Funny but true! Cheesy
1040  Other / Beginners & Help / Re: Stop loss orders possible at Bitstamp? on: November 10, 2013, 11:04:09 PM
Sorry for being a noob here, but what is a stop-loss order?

It a sign to the market that says "just take my money"

Seriously they can see stop orders waiting on the order book and they use low liquidity of overnight markets to go stop hunting!

Also stops do not guarantee a price that they sell at, unless you buy stop insurance (a guaranteed stop) which costs a fortune, so nobody does.
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