Ack! It's too much....need to lie down.....crap, I'm dead...never mind..... (here lies Searing...dead from the concept of such future happiness...he just had no method to process it!) |
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Now that looks more like it. This moon shot stuff is all fine and everything.... but the acceleration is getting to me....the screaming engines...the shaking.... the manic laughter of the other BTC folk on this rocket...(jeez, don't you all bathe?) fun but stressful...so much moon....trying not to wimp out! (looks for NASA logo barf bag...where is it ..damn it!) Not sure I have the balls for this 1k a day stuff....might lose my mind if it is 20k by the end of the month... (he's dead...what's with the large grin? .....BTC Exciteditis Syndrome....extreme case...his BTC ship came in....his mind snapped ..no place to dock! The acceleration is what makes this so damn much fun. It's very rare that you get to be part of a peaceful revolution for the better, all while being in such an intense environment and while having every chance in the world to make more money than 99.9% of the planet. Save yourself...it is too late for me! Ack!  |
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Maybe this is not from this year, but on 2015, i bought more than three iPhone 6S PLUS with bitcoin, they were more than $1800 at that moment i guess.
And it costed me around four-five bitcoins if i am not wrong, it was at earlier 2015.
Now i could have more than $65,000 that is insane, i can not even think about it because it makes me crazy easily.
And there is another; I spent more than two bitcoins on an online casino when the price was less than $150, i was gambling with a friend next to me.
Now it could be worth $26,000, that is crazy oh my god.
spent 1 BTC in Jan to have 3 titan cubes fixed (miner) and some add ons duh! they are still working though $2.50 USD per day! Now again duh! |
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Now that looks more like it.  This moon shot stuff is all fine and everything.... but the acceleration is getting to me....the screaming engines...the shaking.... the manic laughter of the other BTC folk on this rocket...(jeez, don't you all bathe?) fun but stressful...so much moon....trying not to wimp out! (looks for NASA logo barf bag...where is it ..damn it!) Not sure I have the balls for this 1k a day stuff....might lose my mind if it is 20k by the end of the month... (he's dead...what's with the large grin? .....BTC Exciteditis Syndrome....extreme case...his BTC ship came in....his mind snapped ..no place to dock! |
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Well, the equip deduction is nice...I did mine the crypto to get the 5 obelisk sc-1 miners for a total in USD of $10,140.00 USD. ON THE OTHER HAND In 20/20 hindsight it cost me 4.108 BTC. That amount of BTC (at the current price as I type this of) $12,760.44 USD gives me a total cost of $$57,419.89 at current BTC prices......yeah....mental giant I am! Not a real deal for 5 Obelisks. Had a buddy do the same. (I shall blame him...he got 5 first...I simply had to follow...it is all his fault!) And the price of BTC will likely GO UP MORE by the time they ship.... June 2018 Not sure if I should mine them or leave them virgin and put them in a bookcase shrine..never to touch the internet on their rarity! fun times, damn silly hobby I got into...but hey!!!! I HAVE $10,140.00 USD I can take off my gross income this year for tax purposes......  sheesh..... brad Yes, thats funny...in a long run you'll probably never mine enough SIA to catch up to value of those 4BTC...then again, who knows what the future holds for us... For basic i never use BTC to buy mining equipement oO When i buy mining equipment is only from new money, i never take from my crypto stack ... On other way you make a bet, if BTC go down after your buy, you win ... In other way you loose ... Second you blame someone cause they tell to you buy SIA ASIC, well you are a grown man and you take YOUR DECISION. DONT BLAME OTHER PEOPLE FOR THIS oO I was just letting everyone have a good laugh at my expense......I did NOT buy a lot of mining equipment...at the end of the year just the sia stuff.....majority I did at 1st part of the year for crypto and have killed it this year actually, that slack allowed me to gamble with obelisk's as a hedge because the tax man was gonna kill me w/o equipment catch 22 but no, always have a reason to do stuff...but when BTC went beyond 2.5k ..well....them days of using crypto and mining it back died around June 2017....up until then ..the angle has worked well for me since 2013 but your point is vaild, from now on take out a 'bank loan' and if it all goes pear shaped THEN use crypto to get out of the hole but that will only work from now on with very modest amounts of equipment that make sense anyway, w/o the siacoin miners at 10,104.00 ....I'd be in doo/doo with the IRS now ..so again ..ego wise it made sense back in the day er now...er $$$ first then crypto if you get jam'd up..but only enough $$$ to get modest equip for deduction reasons to use for IRS by modest 1 or 2...but even such miners do not exist and may not exist for a year....if ALL cryptos continue to play this MOON SHOT game! live an learn....(don't be me)  brad |
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The last thing I bought with BTC was phone earlier in the year with Purse. It was around $500 at the time, and would now be worth something like $2500.
Still, I don't see it as a dumb purchase. There's no guarantee that BTC would continue rising and it was a perfectly good deal at the time.
The pizza dude had the right attitude. IIRC he said that it was a "good deal at the time". Not worth judging our actions based on hindsight.
yeah...i needed the tax deduction badly (50% tax rate this year) with the 25% compressed deductions on computer equip (office) to 1 year to stimulate spending in USA and this 25% came off my gross income as well......as applied to taxes I KNEW I was gonna owe..thus for 25% risk seemed like a fair bet rather then give 50% to IRS. Then again 1 BTC was a bit less than 2500.00 so ouch! who'd a thunk it always have reasons at the time for what you do with crypto if nothing else you have SOME ego protection god help me IF I'd had gotten a 2.5k motorcycle that now is worth 5x that amount ...yech |
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Buying BTC with BCH around about the bottom ~$330  Have to mindful of this when diversifying BTC into alts, that your alt has to rise faster than BTC to be worthwhile. I am leaving all my fork coin alone. At least for 1 year and 1 day. Captial Gains/etc. With my luck, I move it and IRS will call it a taxable event (money from the sky $$$) (could happen according to CPA) or pay income tax on it by moving it or spending it! An interesting aside... is it not the case that only when you sell for $ you realise the taxable gain (needing to look up how my tax authority will handle this). The catch is...this is a 'separate asset" it is NOT BTC...thus by moving it to a wallet you have established it has 'worth' thus a taxable event..ie money from the sky! and taxed accordingly...not saying it is likely they could go this way say 1 out of 10...but they could ...there are court cases just becasue you don't know you have income...and find out later you still have to pay taxes on it and penalties.... we only have the 2013 IRS guidelines to go by...that cuts you some slack...no hard and fast rules in my case it is not worth the risk ..I could not afford at 50% tax rate this year to eat the taxes on free BCH fork money so for me, it lives and dies on my bitcoinchain...untouched in any manner.... frigging IRS can jam you up on simply "intent" as a taxable event if you have enough BCH or whatever that you can eat the taxes in this unlikely event do so by all means myself, shudder....not gonna happen....it can die or live as a fork on my bitcoin addresses by the by some other 9 btc's pop'd out ..one is 18c on futures..this is gonna get fricking weird as hell again, likely you are correct and I'm just being paranoid as heck...but the IRS did just go after 16 million folk on Coinbase wanting everything real names/pswd etc the works...so who the frack knows the IRS continues for the last 2 years to obey Congress and make some clear-cut rules on crypto....probably because they have more slack by NOT doing so and like the autonomy....hide in the weeds as it were anyway, my view on this.....frack it ..not gonna worry about free money from the sky till things get more clear cut (get me off this planet) brad |
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I have all my hash 7,500mh scrypt-pow and x11 mining going to Litecoin on Prohashing....all LTC as the payout each day! proportionally, if LTC was 50 bucks when BTC was 2.5k you'd think that at 12k or above or even above 10k for BTC it would IMHO, have a good shot to hit $150 USD or above! Thus my bet a few months ago. I Want to get 1,000 LTC after expenses mining by May 1st, 2018. Have around 650 only 350 to go! Sure would be nice if the price was $300 USD per LTC. (The sheer joy would likely kill me however) Anyway, my bet. |
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-snip-
MY previous post on this thread...they won't take it if your transaction is TOO low....I did a couple (see my previous post) one went thru at 2c in an hour! Without an accelerator helping ...because original fee was too low....The other later...but is sucks to wonder you can try the acclerator..if the fee you originally did on the BTC transaction is too low the viabtc app will tell you i mean did he already try to use paid service from viabtc? I know if free service doesnt accept transaction if the fee isnt 10 sat/b or higher. But if you scroll down, they say if they offering paid service. ViaBTC’s Transaction Accelerator is a FREE service for the community. We also provide paid accelerator service for special cases such as urgency, extremely low transaction fee etc.Fee standard According to transaction size, a donation of 0.01 BTC or BCH per KB is required for each transaction. Please contact support@viabtc.com for details. I mean, he can try contact them first and ask for paid accelerator service if OP want to use paid service. If i'm not mistaking, the payed acceleration service will even work with a 0 fee transaction (as long as you get it broadcasted). BUT 0,01 BTC/Kb is huge... His transaction is 0,559 Kb, thus would need an "extra" fee/tip/... of 0,00559 BTC, bringing his total fee up to 0.00000336 + 0,00559 = 0,00559336 BTC, which is almost 1/3th of the value he's depositing... I've had BTC on my 2 issues both come up as a transaction fee to low to accelerate. *then again mine were stupid low like 12c and 2c on 2.5k transactions*  they did go thru eventually, w/o using an accelerator....knock wood it works the same for the OP of this thread! |
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Buying BTC with BCH around about the bottom ~$330 Have to mindful of this when diversifying BTC into alts, that your alt has to rise faster than BTC to be worthwhile. I am leaving all my fork coin alone. At least for 1 year and 1 day. Captial Gains/etc. With my luck, I move it and IRS will call it a taxable event (money from the sky $$$) (could happen according to CPA) or pay income tax on it by moving it or spending it! I mean, the IRS did just try to go after 15 million people with a blanket injunction for all info on Coinbase. Any idiot idea is possible with crypto by the IRS! So many forks are gonna come out (probably 12 up to Jan 2nd, 2018 ...so far) how the heck will you keep track? So any forks on BTC will have to stand on their own for 1 year and 1 day. Then maybe, I'll cash them out (some of them) |
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So if you knew back in the far-off days of Jan 1st, 2017, with BTC below $1,000.00 USD what you know now, as it creeps to $13,000.00 usd How would use or not use your bitcoin differently? In my case, I got some equip for $10,104.00 USD that if I'd kept the 4.108 BTC as of this moment, I'd have $57,419.89, if I'd kept the BTC! you can do a link to your experience (like I did below) or thru the tears, type them out here https://bitcointalk.org/index.php?topic=1976753.msg25843156#msg25843156on the other hand perhaps you made a killing, spending some BTC, we'd also like to hear that (it is windy up here crying on the microwave tower) anyway, my experiences, with spending BTC in 2017. (there are others, but after you read the link, you will see I have no desire to look further...the horror! Ack!) scary to think, what 'boneheaded' moves I can make in 2018...if BTC continue to go up in 2018 and beyond (groan!) anyway, share with us, so we don't feel alone on our bonehead moves, with 20/30 hindsight.... silly hobby (see the poll) |
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Not really sure about the profitability of the SC1 anymore.
There are other players in the market and it will be a fight about who will prevail.
yeah, I only got mine for equip deduction...I'm at 50% tax rate this year....and the good old 25% you can take off in full for computer 5 year equip deduction (stimulus) the same year thus for 25% more risk than paying IRS 50% of my crypto mining....with that 25% I can apply to my taxes due this year....I got some of these IF they just make 25% back after expenses I"m essentially even, with the above considerations this year..then IF I just sucked it up and paid the tax man on mining on the other hand someone NEW and using fiat and $$$ not mining.....is getting 25% and the other 75% of the product is all risk....none of my real life/justifications....correct or otherwise hardly fair but that is how it is shaking out for me this tax year...thus the purchase (dubious thou it was indeed) Have you looked into taking bonus or 179 depreciation on your equipment? Bonus depreciation allows you to take an extra 50% in the current year and 179 allows you to take the entire amount in the current year. Just a thought, but feel free to reach out if you want more information. I think I was unclear. It is 25% real $$ saved off taxes I know I will owe. To get that all equip deducted in this year. Thus the angle and again 50% on top of that to taxes if I don’t get equip anyway. Well, the equip deduction is nice...I did mine the crypto to get the 5 obelisk sc-1 miners for a total in USD of $10,140.00 USD. ON THE OTHER HAND In 20/20 hindsight it cost me 4.108 BTC. That amount of BTC (at the current price as I type this of) $12,760.44 USD gives me a total cost of $$57,419.89 at current BTC prices......yeah....mental giant I am! Not a real deal for 5 Obelisks. Had a buddy do the same. (I shall blame him...he got 5 first...I simply had to follow...it is all his fault!) And the price of BTC will likely GO UP MORE by the time they ship.... June 2018 Not sure if I should mine them or leave them virgin and put them in a bookcase shrine..never to touch the internet on their rarity! fun times, damn silly hobby I got into...but hey!!!! I HAVE $10,140.00 USD I can take off my gross income this year for tax purposes...... sheesh..... brad |
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Try some paid service from viabtc. Looks like they accept paid service if you in urgent or in very low fees. I hope this can help you.  MY previous post on this thread...they won't take it if your transaction is TOO low....I did a couple (see my previous post) one went thru at 2c in an hour! Without an accelerator helping ...because original fee was too low....The other later...but is sucks to wonder you can try the acclerator..if the fee you originally did on the BTC transaction is too low the viabtc app will tell you |
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In my opinion, the launch of futures contracts with bitсoшn will entail its price upwards. Consequently, in 2018 it will be possible
to expect new price records. Maybe $ 40,000, maybe 100,000.
Well short term, I guess was my thinking on this....the price would drop and stabilize and then go up less as a 30% up and 15% correction every other week But I thought futures put weight on both bears and bulls.....right now as a cash and carry and speculation the odds/hype seem to me to favor bulls Once you have a variety of futures exchanges the bears may have more of an even say (not that I'm a bear, just speculating on effect of futures exchanges) here is an article https://www.bloomberg.com/view/articles/2017-12-06/bitcoin-bears-are-excited-about-futureshttps://www.coindesk.com/bitcoin-futures-make-way-new-kind-whale/On the other hand, you could be correct...in that different futures exchanges would show BTC as more legit..you add the fact an ETF may happen, more likely, and what you say could be right 25K coin from the increased faith in BTC surviving..then say after 25K it rises more modestly or something like that due to futures trading (I could live with that) |
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Accepted on probation. I don't want to bother Lauda with this question.....busy enough I'd imagine....
But, just to be clear the member jump for me and others here, starts next week?
(myself from Senior member to hero/legendary)
I'm pretty sure, that is the case....again, don't want to bother Lauda with this, just a double check.
Also, Senior member payment received...without issue as usual....like clockwork.
Yes, you can verify this on the sheet which is public. Dang, did not want to bug you, was an aside, after I looked at spreadsheet.....so next week it is! thanks (crap, now I'll have to 'dodge trout' ....looks around warily..) brad |
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Ah...but the catch is to BE a bitcoin millionaire you will have to GASP! Spend your BTC! (the horror!)
The other consideration is if you are going to convert your new millionaire status into $$$...you have to pay the tax man! (Ack!)
So you really need to be a bitcoin millionaire, in my case with state/local taxes/IRS if you have enough to cash out 1 million dollars. In my case with taxes.
I'd need 2 million dollars of BTC now, to cash out and get 1 million dollars USD (ie fiat) ...a bit less if I kept it more than a year and 1 day...but somewhere between 40% and 50% tax loss.
NOW if you just want to sit on your BTC and say you are a paper profit millionaire ..sure...but to get a nice apartment, be a 'sponsor' at the local exotic dancers union, etc and such....well,
the tax man cometh! Then if you have a wife/kids/in-laws/ and all the 'unknown' friends/family etc to spread the moola around...well, better to leave it in BTC and call yourself
a BTC millionaire....rather than the problems of being one! IMHO:)
take the poll
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*reserved for any additional info*
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My vote in the poll was a dump to 8k after futures kick in and gradual rise, rather then spikes in a more moderate manner
what do you guys think?
Been reading some on the future exchanges coming into Bitcoin.
Most, say that it will stabilize price by bringing price down and/or slowing growth on such hedging of futures etc
Anyone on here have an idea of what is likely?
I myself would guess, it would stop the wild 20% swings and the immeditate result would be a downward hit in price
with BTC price at whatever that point is ..likely to go more sideways and creep up..then shoot up then trip down 20% staircase pattern
anyway what are your views? someone on here must play with futures?
consider taking the poll
later
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BOOM Another 1%. Finally. NOW were rich.
Speak for yourself whale ! Let's hear it for whale holders. Every 1% rise is $10,000,000.00 earned for Bitcoin billionaires like the Winklevoss twins. Add an extra zero for Satoshi, if he hasn't lost his keys.  The winklevii will have their revenge. Their net worth will pass Zuck's within the next decade. Must be nice thou....to have money, BEFORE, you won the settlement with Facebook. I'm unclear though, how much of the settlement did they put into Bitcoin? All of it? Or what proportion? If it was ALL OF IT..they have a lot more balls, then I gave them credit for previously, and they could barely walk then! |
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