According to dictionary, burglary is entry into a building illegally with intent to commit a crime, especially theft.
"a two-year sentence for burglary".
I thought some thief entered his house with the sole purpose of stealing Bitcoins, what would be menacing if they found him through a malware.
This was "just" a hacking, even if a big one.
That was confusing for me also. I thought we were seeing the next step. Kidnapping, home invasions, and the like. All to get your bitcoin. One day that may be as big a threat as electronic theft. Up your game in real life if you have BTC.  Come take it!  |
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I don't know, I have been waiting since 2010 for a good price.  Should I buy now?  Maybe I should wait a bit? What will the price be later?  lol  |
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For me the concern is how we will react. Will people learn to resist cyberattacks by deploying crypto defensively? I hope so. A network of hardened nodes would make the internet stronger and more resilient. But I worry that a fearful reaction would result in an attempt to create a closed, policed Internet. One that takes cryptography away from people to "protect them".
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The sentiment of people on this forum and other places where people speculate about prices are great for trading.
Majority of people say Bitcoin is dying with no evidence? Time to buy.
Majority of people say Bitcoin is going to the moon with no evidence? Time to sell Spend.
If there isn't a clear winner you just look at which ones are the most ridiculous, like this one.
I like your logic. But I did modify one thing. If you spend it on something you were going to buy anyway, you will not only save fees but strengthen the bitcoin economy. So if you can, consider spending. |
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Oh look at that nice balloon deflating... who could have expected that?
The price is over $150 over when you made this thread. Of course you wait for a tiny little correction which happens all the time in anything that's appreciating in value, then try to pass it off as a crash, because you can only ever focus on the negatives. It's too late and maybe you should look at the many times you've been wrong recently before now. Get humble. yeah, come on duck. That is like saying you can predict the weather because you once said "It is going to rain someday".  |
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when does a fall become a crash? there'll be a bunch of falls to come. i don't know if they'll turn into crashes.
Maybe we call it a correction then? |
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As it turns out, none of those people have any more say than anyone else. They can make decisions about THEIR businesses, but not bitcoin. This is just more click-bait FUD from coindesk. But hey, they have to get clicks.
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Ab-so-lutely it will crash many times in the future. That is normal behavior for a free market.
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That's cool. I don't want their alt-coin anyway.  |
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If you absolutely must think of BTC as an "investment" then your time horizon should be in decades, not months, decades.
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I think you can learn a lot about exchanges and trading with alts. But Alts are almost all a joke and worth little to most of us (nothing to me). Time to step up to real money, by that I mean bitcoin.
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Fill in this form so people know what terms you want.
I want to buy _______ in bitcoin.
I will pay _________ .
_______ will pay the Tx fee.
The escrow will be handled by _________ .
This will help get a response.
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You should be using a Linux machine. Winxx is a joke. Next, NEVER download any bitcoin related software on that computer. Only a well established, trusted wallet. I would guess that the computer you are on is compromised. I would format the HD with an easy distro like Ubuntu and start over. Sorry I don't have better news for you. |
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Since tax is a compulsory monetary level imposed on all income and transactions by the government, it then means Bitcoin must be recognized as legal by the government of a particular country...
Nope. Not in the U.S. anyway. All income is taxable including illegal money. Here is an Illinois tax stamp for weed, for example.  |
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The thing Duck is right about is that there have been, are, and will always be bubbles. That is what free markets do. However it is not an ominous sign. Bitcoin continues to not only grow, but grow exponentially. These are good times.
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I might do it. Send my lawyer the deed to a property in your name or turn over your car to a private eye I hire in your city. As soon as I am paid in full you get your car/home back. That is the best deal a bank will offer you... For a reason.
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Bitcoin is far less valuable than sugar.
A Ton of sugar currently sells for $60,000. So bitcoin is no where near the price of sugar. If you are wondering I used a ton of sugar for my calculation, then I would ask... why you are using an ounce of gold for yours? Compared to what? An ounce of bitcoin?
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What are the reasons, why people use Cash or Credit Cards / ATM / Banks?
* Work offline 100%
* No fees.
* Accepted for Food Shopping & Micropayments
* 0 confermations time
* 0 exchange risks
* anyone is able to understanding of the value of payment
Mmmm. some of your facts are wrong. * Work offline 100% (true, unless you use physical bitcoins) * No fees. (Banking is a for profit business that YOU pay for. Participating in fiat costs you money. If you use a credit card, add another 3% + the risk to your identity. To get money via work you will also likely need a bank account, which will also cost. The fees may be hidden, but banks are very profitable and the profit is some of your money.) * Accepted for Food Shopping & Micropayments (I only use BTC to buy food/anything online. Local cash is better at micro-transactions and is accepted at far more local places. However bitcoin is the only currency accepter around the world.) * 0 confermations time (A credit card take 3 days to one month to complete. You may not know this as the spender, but business owners know that the money is going to take a while to receive and the Tx could be illegitimate. Only bitcoin offers settlement within the hour. That or cash in hand, in person.) * 0 exchange risks (I have seen counterfeit bills, even been given them by the bank. But I have never seen a counterfeit bitcoin. I have also received credit card payments that turned out to be fraudulent. Now if you mean getting the bitcoin with fiat, then I think you are right. Getting bitcoin can be fraught with danger from scammers.) * anyone is able to understanding of the value of payment (Buying with bitcoin is a paradigm shift. The value of a BTC is not set by the government so price is much more flexible. That also allows dishonest sellers to jack the price via their rate. I just avoid bad deals and set my own terms.) |
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Some of the delusional minds here think that a cup and handle is forming or double shoulders making for crazy future prices.
I would like to remind everybody that this is not the case. This is a pure bubble that's on extreme tension.
The 2013 peak was caused by a hack, a bot at MtGox, not by real market trading. It is a false indicator and should be completely ignored in any TA.
This craze can't go on much longer before we crash hard again to $800-$1000.
You are warned.
The problem with your logic is that your assertions are based on the premise that bitcoin is actually not worth anything. Then you go on to predict a valuation of $1000. Huh? Oh, and you have said it is about to go belly up for years and have been proven wrong every single time. Anyway, welcome back. |
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... - Bitcoin miners must report receipt of the virtual currency as income
That makes me wonder about the profitability of mining? So if I mine one coin with a value of $1600, I would owe about 1/3 as income. Leaving me with about $1066. That is without factoring in mining costs. Of course I could hold until the price is higher, but I may have to give up 10% of that growth in cap gains. Brutal.  Not exactly. For mining you add up all the coins you mine and price them at the time you mine them. That is your gross income from mining. Then you deduct all expenses related to the mining: electricity, supplies, etc. You can also deduct the allowed depreciation on all equipment: miners, air conditioners, etc. Subtract all allowed expenses from the gross income. This is the net income. You pay the tax on that. Ah thanks Burt, that makes sense. P.S. I'm a Wagner also! We are probably distantly related. |
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