Well it works on windows XP, neato.

Let me tell you the story of how I started with BTC.  Similar to many peoples I am sure.

I was playing golf in 2013 and my buddy tells us we should buy bitcoin, $70 per coin.  I look into it, spend some time to complicated give up.  Was going to buy 10. Forget about it.

Dec 2016, I read BTC is $600... FOMO (fear of missing out) sets in and I get setup on an exchange as quick as possible, takes several days, BTC explodes during that time.. now over $1000, I am setup. I buy into bitcoin first at $1100 CAD, oh ya I did.  
It starts dropping and I want to get in at mining.  I buy 4 S1's when BTC was around $800, the network difficult spikes... the returns are not what I anticipated.  I got my coins back but it cost hydro to do it.  I still want to mine and buy the S3's as soon as they come out, probably turn a small profit even after power costs.  
Buy more coins around $600 then at $400.. BTC drops to $200(The S1s are shut off).  I do nothing for a bit, it holds at $200.  I buy some at $200 planning to buy a larger chuck at $100 and double every bitcoin I own at $50.  

Bitcoin skyrockets to $500(I buy a tad). Falls holds for some time(S3's are shut off, draw way to much power, buy USB miners to mine for fun).

Bitcoin skyrockets to $780, falls, holds for a a tad.

Bitcoin skyrockets to $1500 CANDIAN , falls (I buy a tad),  and here we are.




I have been watching a lot of BNN and it has been suggested buying lower to drop your average buy cost is a good idea.  You REALLY need to look into what you are buying however.  I believe BTC has a chance to rival gold as a store of value.  Could also be a world reserve currency but forget about dreaming crazy big just looking at a store of value, if BTC held 50% the market cap of gold.. $250,000.00  per coin..  IMO BTC is better in gold in every way EXCEPT, for world ending situations and lets be honest who cares you're probably dead and the potential for an unknown bug or flaw in an encryption algo that doesn't get fixed.  I am betting on any bug we run into gets fixed with out the failure of BTC and it seriously competes with gold as the store of value people chose in rough times.

BUYING ALL THE COINS!!!!!.

I will never sell all of my coins but I do plan to sell some on the way up.

Alas.. I am not being sarcastic :S.. Fear could push people to sell to cover potentially losing everything.

I will profit off of that fear.

I'm not that much on the bear side.

I did, I plan to get more at that price.. unfortunately lol.

We might end up testing $220... Planning on buying a min of 3 BTC at $250 usd.

Get some  buying ready around 220-240.. ?! :S  not looking good boys.

Been bag holding since 2013.  Buying them coins at $200 seems like that was a good plan.

I think I'll install windows XP and see where that  gets me.. :S.

OMG YES..

I have it backed up on 10 USBs, 100 DVD's (OH THAT IS RIGHT ONE HUNDERED DVD's),  5 M-Discs and a few paper copies.

Don't mess around back it up like your life depended on it.

You most certainly do have to pay tax.  I haven't traded just bought.  ANYTHING you buy and then sell for cash and make money on you must pay capital gains.  


As deisik  just said.. I don't want to be the guy that doesn't tell the CRA then I am on the news the next day,  everything taken from me and looking at years in prison because they are cucks.  

The tax man is a bastered with an army behind him.. do not try to fuck him or he will fuck you so hard you can never walk again.


*EDIT*
Sorry I like my "colourful" language.

Wondering if it was their obsolete mine and they just took S3's and S1's LMAO.,

Does anyone have a youtube video on how to get these two miners to  work on raspbin?

I have probably spent over 40 hours trying with zero success.. windows took me like 10 mintues...  It is widly frustrating.

So many different guides.. all fail....

Even tried a mining OS.. didn't boot up..



Would be nice if I could buy a windows 10 OS that could be installed on three different comps and it worked on rasp pi..

Right down to 780... Afrikoin.. you're good.

Buy all the coins, ALL OF THEM.

This is the resistance line.. HODL IT and profit from it.

The gov of Canada is very friendly towards BTC.  Our senate has spent over 10 hours in meetings with people about bitcoin.  Check out the youtube video with the senate talking to Andreas A.

When (not if) BTC gets to $10 CAD the CRA will know all about Bitcoin. 

Don't try to cheat the CRA that is the best advice you will ever get on this planet.

Future knowledge.. the gov LOVES to rape the little guy.  If they found out someone in the middle class sold something they bought for lets say $1 million and didn't tell them they would fine you $1 million PLUS gains..

So I need to tell them up front or they will go out of their way to "make an example" out of me so the other 98% knows they will get raped if they try to hide money.

I have heard some vicious stores about the CRA.

Thanks for that! A useful summery.

First person couldn't answer the question about what to do If I bought BTC and then sell at a gain what  to do. 

Get it moved up to another person, they answer treat it as a stock.  I get asked how I am going to do that since no one exchanges it..

Convo goes something kind of like this:

But it's not traded how are you going to sell it.

Yes it is there is a rather large exchange in Canada I deal with, .quadrigacx.

Oh, but no one is going to send you a check for money for btc.

Yes they will I can ask for a check from quadrigacx..




The convo kind of gets repeated about 3 times till I say I should have enough info and thank you for the help.



The bloody CRA doesn't even know about bitcoin.. 

It is very difficult to ask tax questions , etc when they know nothing about it..

I also asked if I have to pay capital gains if I buy something with it.

Well it's not a currency so that doesn't matter.. you can't buy anything with it.

WELL THAT IS WHERE YOU ARE WRONG KIDO.  I can and do buy things with it all the time, it seems I don't have to pay capital gains though if I buy things with it and make gains from my initial purchase :O!!




I feel like we are in the 1200's and people are just starting to use silver and gold to store wealth.. Then almost instantly everyone used it to exchange value..


The real point of this thread is.. this made me pretty bullish that BTC is still so small even tax agencies ignore it.