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I second the motion. Having a retard like that who keeps opening stupid threads while boasting about his supposed superiority because of his supposed PhD does not bring anything good to the forum.
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Username: Poker Player
Segwit Bitcoin address: bc1q8zgejysj2aetn7g3jdf7mjy8gql7ecmq8yrxfu
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If you use that system, OP, you haven't understood anything.
Bitcoin investing is not a matter of sentiment, and to buy Bitcoin purely for profit by trying to time the market is generally a mistake.
It is much better a gradual accumulation plan with DCA in which you raise partial sales when the price reaches milestones, as it can be at $70K, at $100K, at $150K...
And it is even better to include it in a wealth building plan, because if you sell all the Bitcoin you have when the price reaches a certain figure something tells me that you are playing with money that you need and then you are not doing things right.
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Why is it that some people assume everyone is under IRS jurisdiction?
And why are you quoting me when you say that? I am not under the jurisdiction of the IRS and what I say does not apply only to what the IRS does or does not do. There are general principles of law that apply to all countries unless you live in a dictatorship, and they are that you cannot be penalized for something that is not illegal today, no matter what the taxman thinks or doesn't think, and that you cannot be penalized retroactively if it is declared illegal tomorrow. But you keep on looking for problems instead of seeing solutions, while the rest of the forum has been years without any problem for the signature campaign earnings. |
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As much as I'd really love for this to happen, it won't.
And that's it. I don't see the point of thinking about what would happen if what will never happen were to happen. It was a question that made more sense in the early years, until perhaps a couple of cycles ago, but today it is clear that Bitcoin is not going to be used for small payments and that governments are tolerating it to the extent that they can control it. Add to that the number of people who use it by buying it on CEX as an investment, and not as a currency, and we will see that there is no way it will become a global reserve currency. |
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You can keep records taking screenshots, and archiving webpages too I guess. However, the problem remains: The taxman may not enjoy that you promoted mixers, considering the bad rep they have nowadays, increasingly bad it seems, since they talk about passing anti mixer laws, so you would be promoting the same thing they want to ban. If you hodl on this capital, by the time you cash it may be even worse by then. This is the main problem here. It is only reasonable to think in advance and try predict what the response will be when you show up with mixer sig campaign earnings.
If you insist on seeing problems instead of solutions, it is not surprising that you only see problems. What is clear is that you don't have a fucking clue about law. What the IRS likes or dislikes doesn't matter. If you file taxes for signature campaigns mixers he can't take legal action against you because they are not illegal. And if in 5 years they are declared illegal he can't act retroactively against you for having filed the taxes of this year. You can continue to insist on seeing a problem while the rest of us will continue without any problems because of our signature campaign earnings. |
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Your scenario is simply too biased. In general I agree that there used to be less taxes and less regulations, but don't young people buy houses today? Of course they buy them, even though there are more difficulties.
There are difficulties of that time that you do not mention, for example interest rates at 17% in 1980. And facilities of this one that you don't mention either, such as earning money on the Internet.
What you have done is to try to demonstrate the idea you previously had, not to make a disinterested study on the subject.
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I can't say why ppl come here for $50 loans there could be emergencies in their life. We don't know about their month pay we don't judge their spending or saving system but if the loan's going to be repaid it doesn't matter. I'd like to know why newbies ask strangers in forums but don't ask ppl they know for $50.
Well, this is a question that caught my attention when I started visiting this section, and I opened a thread about it that contains some interesting answers: I'd like to understand these crypto loans.The other thing that strikes me is people who have been on the forum for a long time and ask for loans of a couple of hundred dollars, paying a very high APR. To me it's mainly because of poor financial management, but you never know what personal situation they may have. |
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And could you reveal your secret how you manage to sell before the price falls? I admit since I never really know where the price will go tomorrow, I prefer to buy coins that have promising long-term prospects (Bitcoin!) and that don't force me into guessing any highs and lows correctly. If that's a secret strategy, you can PM it to me, but psst!  The guy you quote is a shitposter expert, specializing in overquotes and writing without thinking much after the quote. I would be surprised if he hold any Bitcoin at all. For me he spends what he charges at the casino, as happens with many on the forum. On the other hand I share your vision, I prefer Bitcoin and DCA, without eating my head trying to guess when the price is going to go down or up to make my next move. |
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Yes, you are right, there a many other ways through the Internet that can give you handsome money that will help you in the future.
Mainly, if someone like the OP is looking for how to make money today, what he should focus on is the internet. You can make money on the street but the big money is on the internet and so are the most profitable businesses. Besides working on the internet you avoid the physical discomfort of other jobs and you can relocate. But that also depends on several factors, such as the personal situation of the OP. |
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Do they mean any balance more than $20,000 during the fiscal year, or is the total number of transactions for each account $20,000 during a fiscal year?
Fuck man, if all you have to do is read the OP to get the answer to your question. And it's not like the OP is very long or that there are many answers before what you wrote: "...(IRS). Circle has stated that it is obliged to submit records concerning U.S. taxpayers who have engaged in transactions amounting to at least $20,000 annually during the years 2016 to 2020."
What data can they collect? I thought they were just collecting IP addresses?
And where do you get that from? Not from the OP, and not from the linked article either. It's just that if you don't do the most basic thing, read before you comment, you can't have a conversation with you. |
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If they don't lift the ban, Nigerians can find Non KYC exchanges to use for cryptocurrency to their fiat currency exchange. Nigerian commercial banks will have less chance to engage in such crypto-fiat exchange and can not ban their citizens as well as their bank accounts if they have no information about those trades.
I guess it was this, that they realized that they were losing much more than they could gain from the ban. No, buddy. Since the time of restrictions until now, more Nigerians have started using cryptocurrencies. It didn't decrease their usage but introduced many Nigerians to the existence of cryptocurrency technology. Lots of Nigerians were stuck dealing with the banking system, and over time, they discovered new ways to save and protect their money from banks that often deducted unreasonable charges from customers' accounts. The ban of institutional crypto transactions, increased awareness of alternative ways to save or trade money, leading to potential profits.
Interesting. If people had become accustomed to making cryptocurrency transactions outside banks, I don't think they are all going to make them with banks now. We will have to see how things develop from now on. |
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As far as cashing out earnings from sig campaigns, I wonder how that works in practice.
The theory works with everyone on the forum declaring signature campaigns earnings. In practice it works with people cashing out what they earn with anonymous Bitcoin ATMs, DEX, buying gift cards or depositing it in the casino and losing it. Without declaring it. Others accumulate but may find themselves tomorrow with a serious problem, which has already been discussed many times on the forum. If by accumulating you find yourself with $1M that is difficult to justify to the authorities, you will have to look for specialized lawyers and maybe set up some kind of structure to be able to use that money, or go to a crypto-friendly country where you will not have problems about the origin of those funds. |
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I have the impression people just don't care about house edge these days anymore, like they used to care in 2015-2016. I don't see people talking about it on gambling threads and when one or other person mention house edge, the conversation doesn't go ahead or isn't quoted by anyone else. It's like after crypto gambling got more popular and new casinos took the front of the industry, people alienated themselves from the learning and understanding how gambling basically works.
Well, if people really understood what HE is, they wouldn't bet at all. Especially as they usually do, putting false hopes in gambling and betting more than they can afford. If a certain game has a HE why are you going to bet $100 if you know that on average it will return $95? And that's just on the first play. If you bet a second time, the expected average return is $90.25, if you bet a third time it is 85.7, and so on. Once you understand this you see that the tendency is for your money to become $0 but people don't think that, they are driven by emotions, excitement, thrill. |
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In my opinion, this protocol should be changed so that miners are not able to choose the transactions with the highest fees, but rather have to execute transactions in their chronological order. This can reduce the mad race to raise fees to speed up the confirmation of transactions.
That you say is bullshit because everyone would send transactions with the minimum fee and instead of having hundreds of thousands of spam transactions on the blockchain we would have millions waiting to be executed, thus making it impractical. Besides, as the block reward would go down, mining would not be profitable for miners. |
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Is there no statute of limitations on tax liabilities in the USA? In other countries the statute of limitations expires after 4 or 5 years, so for the tax authorities to ask for 2016 data at the end of 2023, almost 2024, would not make sense.
On the other hand, the $20K threshold is fine because the more modest ones get off the hook, although they usually do it that way because investigating smaller amounts is not profitable for them.
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If the regularity of the past were to be repeated, we would see a rise from here to halving, although with dips as well. It is worth remembering that ATHs traditionally do not break until well past halving. That is if the regularity were to repeat, well it doesn't have to but I think the most likely scenario is that the price will rise in the next few months to $50K or $55K and then drop and after halving go up to meet the previous ATH of $69K.
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It is curious that the peak of that chart is in 2017. I think that was the height of the blocksize wars, with the hard forks of shitcoin cash and others, aside from the danger of flippening that there was with Eth eating into Bitcoin. But we see after the years that the danger passed and Bitcoin continued to be declared dead without anything really happening.
Looking at the downward trend, if next year we enter the bull market as expected, the death of Bitcoin will hardly be announced.
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The summary of the news is that JAN3, a technology firm which focuses on promoting Bitcoin adoption in all the continents of the world is trying to make Suriname Bitcoin-friendly. JAN3 have just sent a proposed Bitcoin strategy to the government of Suriname. The government have acknowledged that they have received the document, so it will be studied and decisions will be made.
We cannot just assume that Suriname will be the next country to adopt Bitcoin after El Salvador because the proposed strategy is the beginning of a long process of adoption. The adoption of Bitcoin as a legal tender will have to go through the legislature for deliberation and approval. I am comfortable with this organisation because they promote only Bitcoin. I just hope that the organisation's efforts in Surname, Montenegro and Colombia will be fruitful.
Right, we should not stick with the headline. It seems to me that the news comes from a press release sent by JAN3, the company that has made the proposal. In Suriname I don't know but in Colombia I doubt very much that they will make any considerable change in the policy regarding Bitcoin, although if it were to happen it would be considerable due to the size of the country. I think it is easier for smaller countries to implement policies like El Salvador and those are the ones we will see first. |
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