BTC and HODL is the way to go....due to legal in USA and IRS issues...as the title says...keeps me on the up and up from panic selling it all and running off with the exotic dancers a few blocks away....(probably a good thing this fear and FOMO of missiong out should I fall off the HODL wagon) I made my BTC and other cryptos mining, thus sitting on them like a hen on eggs....wondering when the price will hit a point I will snap like a twig But the good old IRS has saved me from such considerations (see below) The way the IRS looks at my long-term gains since 2013..as OBVIOUSLY a steady, well thought out investment (right?) anyway how the tax law sees it... I'm SUPPOSED TO treat my BTC and crypto as a LONG TERM NEW ASSET CLASS and modestly take out a bit of coin as my life goes on...(tax man view) as a responsible citizen...I mean capital gains is a long term prudent investment right....it is impossible to go from 9c in 2009 to 8k in 2017 right...(IRS view) Thus where I am at ..if I wanted to run amuck and ....IF I was to sell...all BTC and Crypto in a mad frenzy of panic.....I'd get creamed with capital gains tax and increasing my tax bracket.....so say I panic, sell it all ....44% capital gains on Last in First Out (the 44% includes 20% capital gains..9% state of MN on such and the increased tax bracket jump I'd take ..ouch..thus 44%..might not be that high..but damn well would be 35%) So I've now I've panic'd and took the loss on my hoard of BTC and ALTS...I then put them in my nice Edward Jones Accounts...like a good little wage slave.... Ack! scared self on above Ack! everyone, including my above broker, assumes a recession is coming in 2018 ...let's face it we are due..(myself I think by March 2018) a recession is AT LEAST a 20% downturn...myself I expect worse with current Gov't climate...perhaps a deep recession of 40%. Ack! so now at minimum I'm looking at 64% to say 84% WHEN the traditional Edward Jones finance account goes plop.the above % in a recession ..*sure it may come back in 5 years but still*..thus timing is perfect..and I'm 64% down for my panic sell.... so say I'm 64-84% down by March 2018 with this panic sell of all my crypto...the real kicker is IF we have a modest recession only (or more) BTC and other crypto is likely to go UP as a store of value....(like gold) and I'd be looking at the PUMP in crypto I'd miss by losing faith in BTC and the other ALTS I hold... that would suck...watch BTC double because of 'prudent adult panic and sell of all crypto' (adults are over-rated anyway)  The current tax laws are not made for windfall withdrawals on black swan finance events like BTC/Apple/Facebook/etc ...so 1st 15% is tax-free on capital gains up to 35K I think it is..eat out a bit more add 20% on that for capital gains...in 2018..sure ....that might be prudent next year....but blow a mess of crytpo anyway with tax law now...damn..that could haunt you for the rest of your life...I'd rather chance tulips on my crypto and HODL The tax setup as you are supposed to nibble away at this as long-term investments as you age for your supposed new asset class and store of value..like again a prudent adult not dump and run, the IRS god's frown on such and thou shall be slapped down Thus the title of this thread..how the IRS is keeping my brave and HODL'ing (really!) thus, panic is not the solution...HODL is the way to go..... (alas, can't 'act out' and run off with local exotic dancers..would take to large a hit for them to be impressed anymore)  So anyway, thus the point of my thread here....the actual IRS and tax man etc...is keeping my in 'Adult Mode' and the FOMO of my crypto (delusions? as my friends and relatives think...all kidding aside...I'm almost positive that after me talking about this 4 years and them seeing bubble every other day on the news they are gonna have an intervention and likely try to 'deprogram me' from this obvious crypto cult..you laugh ..if I don't post for a month, I'll see you later at the sanatorium also.) Anyway, myself still mining, so I can keep busy and continue my self-imposed delusion of thinking of any crypto I have as magic internet/unicorn/fairy/rainbow/tulip money because, again if I think of all my crypto as REAL HONEST TO GOD CASH...again, I will snap like a twig and run off and do the 'strippers are us' run up to happiness Thus best to be 1) afraid of slap down by IRS 2) continue to keep the delusion going on unicorn/tulip crypto money (ie not real $$$) and 3) try to avoid any 'gold diggers' knowing I have any crypto...for some 'unfathomable reason' I've heard say...that suddenly on such a revelation you look a LOT more attractive.....(naw...must be a myth) What are your expectations/thoughts/resistance techniques from just blowing the entire wad of your crypto.?I mean we all are gonna snap/sell on some amount right? So it is lucky the IRS is looking out for me and making me hold due to the foresight of their IRS 2013 Tax Guidelines and the good old Capital Gains Tax on investments. So again, how are you resisting the (blasphemy) notion of selling some or all of your BTC and crypto? These prices are beyond what I expected from last Fall of 2017 when my BTC was $475 USD (also when I got Lisk for 1 BTC, don't get me started on lLisk....sheesh) But anyway, this whole teleportation .from 475 usd BTC last year..to 10k BTC is giving me more than a 'few' interesting thoughts...( What if Jamie diamond is right! Ack! The horror. Ack!) Anyway, comment here....put me on /ignore ..I don't mind.... take the poll.....if you don't mind |
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yea Full credit for having the vision and sticking to it through some long dark years.
I bought some AEON today for $2.45. Maybe if I hang onto that for 10 years it will also be worth $8k. It’s a Monero fork, equivalent to Litecoin.
Bitcoin is still your best bet. It's not too late to make a pisspot full of money just by holding Bitcoin. When I bought in at $68 I felt like I'd already missed the boat. I was disappointed I hadn't learned of it 6 months earlier when I could have bought for less than a tenth of that. I really wished I'd found out about it when it was worth a few pennies. Luckily, I realized how important Bitcoin was and didn't panic when it dropped to $50 after hitting $266. Instead I bought more. Same thing during the long bear market following the Gox implosion. I kept buying all the way down and on every dip on the way back up. I amused myself through the tough times by sparring with Bitcoin-hating trolls like Notlambchop and Matthecat. I shrugged off the loss of 50 coins to MtGox even though it raised the average cost of my other coins up to close to $200. I've kept buying the dips all the way up since then. Now my average cost is over $300 per. I'm still buying, except that now I'm buying a tenth of a coin at a time instead of ten at a time. _____ I can see how some people feel it's too late to buy in. They said that at $30, again at $300 and again at $3000. They'll say it again at $30,000 but when John Mcafee avoids fellating himself on national television, people will be envious of those who bought for "only" $30k just as they are now envious of those who only paid triple digits. It's all relative. _____ I really don't see any current altcoin having the potential for growth that Bitcoin has. It's open source, its network is the biggest computer force in history, and it has the advantage of being first. The reason for the early success of Litecoin was that it extended the life of pre-ASIC mining equipment but most people mined it to buy Bitcoins. Ethereum promised smart contracts but it was basically a scam on Vitalik Buterin's part to weasel other people out of their bitcoins by pre-mining and then holding the first ICO, payable in Bitcoin. Eventually the smart contract function will be added to Bitcoin via sidechains. While there are some attempts at creating a revolutionary blockchain-based currency (especially in seeking anonymity) most are just lame me-too attempts. IMHO only Bitcoin holds the potential to keep showing the gains we've seen these last 8-9 years. We may have missed the innovator stage of the adoption curve but we're still in the early-adopter phase. Just wait until we get to the early mainstream stage. It's not too far off. Very well said. I entered at $200 and have to pinch myself every morning to check that I'm not still dreaming... Those reading your post will do good taking your advice. well for...me it was oct 18th 2013 knc jupiter 500gh BTC miner .....price that day I think was $150 usd. I made all my BTC and other crypto's from mining, I pay off such equip and get ROI thus any extra BTC and ALTS after elec/expenses/etc I hold Should try this 'trading' thing...but I have a talent for probably buying high and selling low (at least with equip it seems that trend...why would it change for trading... its a gift) aside from that HODL is the way to go....also the way the IRS looks at my long term gains since 2013...IF I was to sell....I'd get creamed with capital gains tax and increasing my tax bracket.....so say I panic, sell it all ....44% capital gains on Last in First Out (the 44% includes 20% capital gains..9% state of MN on such and the increased tax bracket jump I'd take ..ouch..thus 44%) So I've no panic'd and took the 44% loss on my hoard of BTC and ALTS...I then put them in my nice Edward Jones Accounts...like a good little wage slave.... everyone assumes a recession is coming (myself I think by March 2018) a recession is AT LEAST a 20% downturn..myself I expect worse with current Gov't climate. so now at MIN I'm looking at 64% to say 84% WHEN the traditional edward jones finance account goes plop..*sure it may come back in 5 years but still* The current tax laws are not made for windfall withdrawals on black swan finance events like BTC/Apple/Facebook/etc ...so 1st 15% is tax-free on capital gains up to 35K I think it is..eat out a bit more add 20% on that for capital gains.....anyway with tax law you are supposed to nibble away at this as long-term investments not dump and run thus, panic is not the solution...HODL is whatever, where I'm at in the process of making crypto sausage..unsure of the final result...the process is messy however getting them 'crypto brats' to a bun as it were. |
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Here, let me try.
FUCK OFF Ruphej.
Better to put him on ignore and don’t quote him. Ok and Done. Yep. Ignore button has been berry, berry good for me. And he’s gone for me as well. Zap! |
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In the New York agreement, developers of Bitcoin ecosystems suggested the implementation of SegWit and the glorious Bitmain gave a crisis and did not accept. Because? Your equipment would lose its advantage, ASICBoost is not compatible with Segwit. https://medium.com/@WhalePanda/asicboost-the-reason-why-bitmain-blocked-segwit-901fd346ee9fSupposedly Bitcoin Cash was created to improve ecosystems with the implantation of blocks larger than 1mb, however, such improvement is not in fact, being used, some blocks at peak times were higher than 1mb, see the chart: https://fork.lol/blocks/sizeThe truth, Bitmain saw that it could not insure SegWit, so, not to lose its advantage with ASICBoost, decided to create Bitcoin Cash, surprisingly, in a few days the company made more than 100 million with Bitcoin Cash. How did Bitmain value Bitcoin Cash so much? Today you only buy an Antminer S9, certainly the most sought after mining on the planet, only with Bitcoin Cash, see the link in the payment window. https://shop.bitmain.com/productDetail.htm?pid=00020171110160546640l4g92i60062EConclusion - We can see that Bitmain manipulates the market in every way. In January 2018 there will be about 50,000 people rioting in Bitmain because they bought a toaster, Antminer D3. To fight with an unscrupulous company of this size, I see only one way, let's unite, so we'll have a voice. See the emails we receive from Bitmain are copies of each other. I created a group in gmail to try to group as many people as possible. Anyone can help manage the group. https://groups.google.com/d/forum/antminer-d3well put....the difference IMHO, between Bitmain and previous ASIC makers...is they had 2 months between for batches....probably as much volume...but breaks .just not dumped in mass...there is a difference, again, IMHO, between a 'fast buck' and building a customer base, but with bitmain ...with their own data halls and there on belief imho, that asic miners for the masses is doomed.....it is all a setup anyway, harsh, but bitmain prove me wrong...(hard to be generous when you have 90% of all ASIC miners of any flavor, x11, scrypt-pow and sha-256) Hey guys, cut my price to 750$ for both D3 and Power supply putting D3 at 600$ alone. Would like to sell together and if someone feels they have more luck than me this is probably a good deal for you. I can't be bothered trying to get a higher deal so I cut it by 200$. This is where price will be staying for the time being. PM me or find me below at these contacts. Skype: poyoanon@gmail.comEmail: poyoanon@gmail.comI recommend you to hold it rather than selling it at that price, you don't know the future, had you checked out this guy's modded firmware? https://bitcointalk.org/index.php?topic=2346161.0But if you still want to sell, i would like to take the PSU from you. Well assuming....the other thread where they say the 17.5gh pulls 1100 watts at 12c kWh you get below (can't find the link...a guy found 1,100 watts pulled at the wall at 220v vs bimain saying 950 watts FYI) $3.46 USD/day ..hardly inspiring....with 3 more D3 batches in the wind and the A5's at 30gh hitting the world today anyway ..the slow slide below continues https://www.cryptocompare.com/mining/calculator/dash?HashingPower=17.5&HashingUnit=GH%2Fs&PowerConsumption=1100&CostPerkWh=0.12 |
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Still trying to figure out the value of this firmware upgrade
at stock settings I'm getting 18.9 gHz fans @ 2580 and 3390.
so it's less noisy and generates less profit.
plus I have to pay dev fee 1.5%.
When I undervoltage even less profit and HW errors
I have a watt meter coming in soon I will keep you updated if it's worth it.....
I'm not trying to be negative here but these are my observations so far .
I will post again with energy usage
yeah...I'm in the same boat ..this is a great thread to lurk on and learn about this stuff....and kudos to those experimenting but unless some kinda of algo besides x11 rises out of this project....well, it's kinda moot at the currently x11 difficulty rate but sure, if you could mine the other algo's you'd get some significant firmware cash..but my take is...if it could have been done easy Bitmain would have already milked this cow.... (not to say, when I'm with my D3's in the gutter of x11 mining, I may need this less voltage solution....crawling around for some reason to run them ...but alas, that is the asic addiction talking....) unless other algo's in a month or less, they will be 'un-runable' like the old BFL ASIC miners or USB miners it just won't make any sense...thus doorstops I'm afraid hope I am utterly incorrect thou....(ego protection don't ya know, preparing for the worse) |
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Dash difficulty 95million!!
$3 per day BEFORE electricity... Even at 10c per K/wh that's only 50c a day profit. Most people are losing money now.
What an absolute pile of shit these are!
Expect it to get worse before it gets any better. People are just now starting to plug in their Innosilicon A5's https://www.youtube.com/watch?v=fa8cw5aeIkQ (pretty much first hand look of the A5 in action that wasn't posted by Innosilicon) By the end of the month, there could potentially be 1000's plugged in. Ahhhhhh crapppp. I've made $25 USD in a few days so far using D3, A5's are gonna kill the difficulty even more once they all go online.. OMG I'm only taking comfort in the fact of I'd pay the IRS 50% of what I paid for the beasts, if I did not get them ..admittedly, I should have gotten 2 L3+'s for about the same price, at the time with bitmain psu's...but still..it will be that close this year with IRS in that it is kinda a wash....(a bit of money is going into Solo 401k as a small business...same tax write off advantages as equipment...and you can use it to 'bank' whatever cytpo in the solo 401k...so I should always fill that bucket first on mining..then the equip angle) these guys https://www.checkbookira.com/ ..Not cheap: but a better option than tossing money to IRS this year, IMHO. Also, you can get your miner equip all applied to taxes owed THIS YEAR, for the full 25% in real money...APPLIED to taxes you know you already owe...again existing miners can play this game...and no matter the games below, I will still owe IRS some $$$ this year... thus, I'm done with equip deductions in mass at this time, in truth (with the overflow of only so much into the solo 401k) of looking at worse at a 25% loss in these units....(only applies to this weird year of growth)..again filling the solo 401k first with 30k or so...seems more prudent with them being more or less the same as equip writeoffs on gross income. NOW, to the point on here....what I'm doing is ALL my mining of the D3's are on www.prohashing.com and I myself am mining ALL TO LTC (pick your crypto poison) In my view, I have a hard time believing (with my other scrypt pow knc titan and bitmain miners) that at $7k to $8k BTC ..that LTC won't at least be at worse $100 and my own bet is $150 if not $300...so besides the Bitmain D3 x11 miners (2=$4k with psu/etc investment). ALL MY MINERS ARE SLAMMING OUT LTC ON THIS BET...to be fair on my 'supposed' angle on mining....this year anyway... thus IF I can get 3x the price out of LTC, say $300 bucks., eventually, on an LTC (or pick your crypto) price pump...all you need is your coin of choice to pop 3x in price (more or less) IF ABOVE SUPPOSITION IS KINDA CORRECT (dubious) I JUST MAY, sometime next year in 2018, IF VERY, VERY LUCKY, get my above 25% of the cost back (in paying the IRS anyway, at 50% rate and the added 25% equip deduction on these door stops of D3's ) WITH electric and call it a wash....I could very well end up with the USD i put in with the USD I put out...(sucks...but still) again, assuming I did zip and just paid IRS. .....(whatever gets me thru the day) it is THAT unlikely, with the above 'ego juggle' that I will ever get even that 25% back in real $$ and electric, etc..that is how UGLY this all is....very dire... But, it is the HAIL MARY PASS, I am attempting at this time I suppose you could pick/choose the next x11 coin to pop, or assume DASH will triple in price, at now worse odds....or say Helium x11 coin, could unicorn drop out of the sky to save SOME ROI on these D3 space heaters...but again....this 25% back for anyone with electricity, may very well still be a long shot, lame as that may be....again the whole x11 difficulty is that bad...(what I would pay for more algo's then x11 on a firmware fix is embarrassing) *yeah, I don't think there is a chance in hell either...but my fragile ego demands I try* But, something of some major note, will have to break our way, in x11 mining....or ..well.....you know.....plop! I feel sorry for the new miners, that have no options on the game I'm playing above ... anyway, likely a big unicorn dream....but I sure missed the turn on this path and walked right into the door edge...(smarts it does) Anyway, what I'm doing to salvage my pride...(likely that is lost) but still.... bitmain: Where 'evil' kills your dreams......) (tm bitmain) note: sorry about the free flow nature of my posts and length ..but I type as fast as I think and kinda just let it go out there like any rant we would have on this kind of crypto discussions we have on here on bitcointalk in person the length is not a big deal time wise the rambling, well, that likely will not go away...if I drive you nuts ...feel free to put me on /ignore, I won't mind |
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What do you think Bitcoin Price will be in next 3years ?
comment your view and let see who will be right.
To be more realistic, i think its value 3 years from now will be 20,000 USD. I didn't make it exagerated since i know that bitcoin is still volatile and the increase on its value will not be constant for a long period of time such that backdrops will take place anytime. Also, its market value is already expensive for a currency, and i don't really think that it will increase that much. Moreover, I am expecting that its value will someday be stable in a particular price. Ah, great minds think a lot, I see, I just posted mine above you in this thread and you came to the same conclusion, as myself, $20k OP: you need to make a poll to go with this thread for our 'guesses' in three years! |
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Well, BTC price in 3 years huh?
Well, just so my guess is on here to review 3 years from now...at 4:04 am CDT in the USA on 11/17/2017
MY GUESS IS:
$20k per BTC stable as the FLOOR PRICE (I will also state here for the record this is 'conservative' IMHO)
I am assuming 30% dumps and recovers along the way, ALTS taking some of the glory, and the usual FUD between the
many flavors of Bitcoin Devs on coding...
(hey, it is how Bitcoin rolls!)
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they have 90% of all asic machines made of any flavor or I say the capacity to make them ...compared to any competitor
sha-256 (like bitcoin) (Bitmain S9)
scrypt-pow altcoins (like LTC/DODGE/etc) (Bitmain L3+)
x11 coins (like DASH) (Bitmain D3)
They will pump them out like 'toasters', already the x11 miner D3 is never gonna make a profit
no reason to make a new miner, IMHO, no 'real' large-scale competition
it is bitmain..it is what they do
oh, and if they do..kick out a miner...it will be like the Original L3 which was ONLY offered in CHINA
and never on the USA site ...the L3+ pop'd on the USA site this last summer.....(L3 came out last December)
Thus, even if they do make equip, they may do it the same way again, and such equip will fill their data halls first for 2-3 months,
then released in China say in bulk for 2-3 months ..then with difficulty run up ..it will come to the USA
the only reason the L3+ bitmain miner works well this year yet..is that the LTC price went up from $4.15 USD April 1st, 2017 or thereabouts
to the $67 it is today...(so a fluke...I mean my Nov 2014 knc 300mh Titan Scrypt Pow miner and other Titans are still running full out, the 1st one is now 3 years old this month!)
so anyway, a new miner is fine I guess, we will not see it anytime soon for it to make a lot of difference (or not so much in my case at 12c kwh)
anyway, it is how bitmain rolls...kicks them out like toasters....and with no competition and economy of scale, the more chips/units you make etc the cheaper
the volume product..they have, IMHO, little need to make a new miner at this time....or hell for the next 6 months, again in my view, especially if LTC price as an
As an example goes over $100 USD as a reflection of BTC price, say hanging over 8k or so...
so, if you are mining, at this time, my view is hoard and hold the hell out of LTC.....$10,000.00 BTC, say eventually, means (my bet) that LTC has to be $150 to $200 bucks or more...
or all pow-scrypt/sha-256/x11 hardware based POW coins (proof of work) are not 'poof' and forking BTC becomes the new way to make ALTS..thus they all fade from view....
anyway, how I see it (but what do I know in 2013 I drank the butterfly labs kool-aid....) take anything I say with a large/boulder-sized grain of salt....
(bitmain: we do evil well!) (tm: bitmain)
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Why is Jihan Wu of Bitmain so hot on BCH..well, imho he has all the angles covered 'EVIL FRIGGING GENIUS' Jihan Wu of Bitmain, also supposedly can still get 15% to 20% more in mining BCH than BCT with ASIC boost..asicboost does NOT work with ANY flavor of seg witness... ..thus he has slack to push this BCH protocol as a BTC replacement, and if that does not work...fallback as an ALTCOIN and if that does not work..he can dump it back to BTC at a much HIGHER price...then the hoard he has accumulated of BCH since it's launch....(he has only accepted BCH since this Fall for Bitmain Equipment...obviously hoarding it for this option if needed) than when BCH becomes an Altcoin he can run his older fading sha-256 miners in mass yet on BCH.... (sha-256 becoming obsolete BTC equip on and still use ASIC boost as a hedge win/win) This is especially true, if BCH does NOT work in the above manner...stalling the difficulty and obsolescence of his sha-256 stuff and the 15% to 20% hedge with asicboost....he can always dump ALL at a much higher price back to BTC Ideally, for him...in the longer term...with BTC price continuing upward....in price....BCH becomes a $400 or $500 USD mineable sha-256 ALT coin ....for his fading BTC miners and it is a win/win/win o Jihan Wu of Bitmain, with very little risk, whale wise...but a hell of a lot of upside for the trouble.... WELL PLAYED, WELL PLAYED INDEED! (Slow Clap)  (bitmain: we do evil well!) (tm bitmain) |
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Yep, and those of us who were hodlers of both sides were labelled fools and shills. You've got to be a special kind of cocky to think only one side of a contentious fork is valuable and that you can pick which side that is immediately after the fork. Clearly there are people who value each path. That's why it is contentious.
A contentious fork is something different. BCH was not launched as a result of a contentious fork, more like an altcoin with a shared tx history but with different parameters. A major catalyst for BCH was segwit being forced down miners throats when less than the original threshold was in favor of it. IIRC the code was rather clear that in case of less than X% miner adoption segwit wouldn't happen, with X being something like 90-95%... how is that "forcing" miners? Segwit only happened because the miners signaled in favor of it - even though some had a twist (2x) to it. BCH forked off to avoid segwit and increase blocksize. How is that not a contentious fork?
One morning Wu decided that if btc goes with segwit he will launch his altcoin. This is unilateral action. It's like me deciding that I want to launch bitcoin <another name here> for whatever reason. It's not an organic split like what happened, say, in ETH, where the devs proposed a change and some people stuck with the old chain where "code is law". There's a difference. Even Wu won't claim BCH is Bitcoin. He says it's something different. At least he's honest about it. Jihan Wu of Bitmain, also supposedly can still get 15% to 20% more in mining BCH than BCT with ASIC boost..asicboost does NOT work with ANY flavor of seg witness... ..thus he has slack to push this BCH protocol as a BTC replacement, and if that does not work...fallback as an ALTCOIN and if that does not work..he can dump it back to BTC at a much lower price...(he has only accepted BCH since this Fall for Bitmain Equipment...obviously hoarding it for this option if needed) than when BCH becomes an Altcoin he can run his older fading sha-256 miners in mass yet on BCH.... (sha-256 becoming obsolete BTC equip on and still use ASIC boost as a hedge win/win) This is especially true, if BCH does NOT work in the above manner...stalling the difficulty and obsolescence of his sha-256 stuff and the 15% to 20% hedge with asicboost....he can always dump ALL at a much higher price back to BTC Ideally, for him...in the longer term...with BTC price continuing upward....in price....BCH becomes a $400 or $500 USD mineable sha-256 ALT coin ....for his fading BTC miners and it is a win/win/win o Jihan Wu of Bitmain, with very little risk, whale wise...but a hell of a lot of upside for the trouble.... WELL PLAYED, WELL PLAYED INDEED! (Slow Clap) (bitmain: we do evil well!) (tm bitmain) |
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Please change the POLL...(I'm so ashamed of my 6.5k to 7k vote on that, I verily had little BTC pump faith...) (the shame) |
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my CPA lady said that it is likely if you touch any of this BGT or BCH, especially spend it, or move it to USD or even move it directly to a diff cryptocurrency using like kind under USA law..with supposed no consequence crypto to crypto..we are talking flaky IRS here it MAY be considered a taxable event..just moving it from BCT to a BGT or say your BCH to their wallets the IRS hates money from the air (or gold from ground) ...see crypto mining as income..they COULD do the same with this fork $$$ you get for your whatever blockchain fork BCH, BGT etc that is only 1 out of 10 chance thou...but in my case if it does happen 1 out of 10 I can't afford to chance moving it or spending it at this time could not afford the tax consequences...even if it is unlikely the most likely thing she says if you DON'T PAY ANY ATTENTION to this paper profits falling out of the sky they likely would treat it as a stock split..ie do nothing ..just let it sit on your BTC snapshotted BGT and BCH address's myself at 50% tax rate this year I CAN'T AFFORD TO TAKE THE CHANCE, even if only 1 out of 10 and move this to other crypto under like kind (no tax) or move it to BCH or BTG wallet ( maybe both a taxable event) because I could NOT afford to pay the taxes on such...if they took (IRS) that unlikely route....w/o digging into my main BTC hoard..which would be silly (or a draw at best and I'd be BTC down) those of you with say 10 BTC or some such ..that would be 10k of BTC or say 2k under normal 20% taxes on income if held for a year and a day under 2013 guidelines on crypto...if you make more than 35K or so... (ie money from sky) ..again the IRS really hates it....sell or move .by all means do so.....and get it out..if you can afford taxes on this worst case don't be me but me, even at only a 1 out of 10 risk of this likely happening.....I could not afford the taxes due from this money from the sky, if it goes that way....so hoping she is correct on IRS treating it as a stock split..if I pay no attention too it.. and if you ignore it and don't touch your BCH or BGT from the snapshot..it is likely just to be treated as stock split and no consequences.... on the other hand the IRS still says you have to pay capital gains on your 1 buck BTC from 2010 on a purchase of a big screen TV say for 8k and you'd then owe at least 2k to IRS in capital gains at 20% (my state Minnesota adds another 8.5%) to that so they are frigging silly on that, unenforceable idea off the bat They also went after 4 million coinbase accounts on a witch hunt because they found 4 guys cheating...wanted all 2-4 million info on all accounts or some such...complete overkill ..they wanted all records on everyone USA or outside USA... now, looks like coinbase will lose, the court case and be required to give all info to everyone selling more than 20k thru coinbase so anyway, to sum up a 1 out of 10 chance the IRS could very well screw us all and say all our FORK money is taxable...ie INCOME like mining or a gift...and if it BTC tanks to 10 bucks ...the IRS will let us take a 3k loss a year forever to recoup,our losses, .but until then, the IRS would still, ..in my case..if you made 120k you owe us 60k THIS YEAR IN FULL ..no way I can eat that...talk about slaming the price of BTC down to $100 bucks guickly..can you imagine the IRS telling a $1,000,000.00 BTC holder (100 btc) he made 100,000.00 and now owes IRS 50% (my rate) pay it up by April 1st ,2018 FML, I'd be doomed... not likely gonna happen..but if you want to see BTC dump to 1k ..let that happen...all the coinbase whales scrambling for sure...in my boat... so, anyway, what I've found out is..if you have too much crypto on a fork...leave it the hell alone and pray the IRS will call it a stock split and you can sell it like 1 year and 1 day like normal mined crypto and pay 20% capital gains then (if any) if you have a bit of BTC or so and got BCH or BTG from the snapshots....and you can afford such taxes if you cash out or exchange to BTC or whatever...BY ALL MEANS, DO SO...just saying you get to a certain size you may run into my wall on all this, like me For sure if you SELL your BTG or BCH to USD, that would be pure income and you'd owe IRS at least 25% in lowest tax bracket (think that is lowest) (been a good year at 4.15 ltc to 67 buck ltc mining .however until Jan 1st 2018 I'm at 50% tax rate..thus have to be aware of this stuff) at least the rest of this year...next year I can dump.....(never thought I'd make too much crypto and be this confused) anyway, what I have been told so far, not that anyone really knows wtf is going on, including the IRS (no more guidelines since 2013) anyway, get it out if you can afford the 'supposed' tax problems if it goes pear shaped by all means and you can afford eating such if it goes south (1 out of 10 chance) if you got too much like me for that to work ..in case you get slam'd...from forked coin....well sit on my hands is what I'm doing ignore it and hope it hangs together BTG and BCH until after the 1st of the year ..and you can do a re-look then Not sure what to do about IRS being flaky on crypto ..congress has demanded they get some guidelines for the last 4 years with no luck anyway, likely BTG and BCH will go back to dust coin by the time I can act on this..so don't be me.if above does not apply to you imho, move the stuff to BTC asap is the safer bet (save yourselves) later brad |
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So as we all know bitcoin is hitting an all time high. But More thinking how high will this go before it takes a crash?
I'm thinking it may get to 9k - 10k and then drop right down to 7k afterwards.
Your thoughts?
I think it will go beyond $9K, but will not reach $10K, then a correction might hit it and go back to $8K or $7K as you have said. If it stays at $9K, I think that will be better because just after some couple of weeks, we will be staying at $10K. yeah it hits $10,000.00 a BTC and the math gets 'too easy' by that I mean 1 BTC = $10,000.00 10 BTC = $100,000.00 100 BTC = $1,000,000.00 1000 BTC = $10,000,000.00 anyway.....at 10k a BTC ..hell, I may crack like an egg and sell and retire! Gonna be quite a few whales over 1,000 BTC who are gonna go...ENOUGH! (or their wife) and feel they have to sell at that price... Psychologically, that will be the next BTC goes sideways for say 1/2 a year point..in price...say between 9-10K ...this will take a bit to shake out imho, .while the concept of 10k coin, seeps into our brains as normal |
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... being a savant myself ...
You are? Once upon a time, I bought some LTC at $20, then sold it the next day at $40. It was luck and timing. (Well maybe I paid a little attention back then.) naw, surely you jest...thou..come to think of it buying and holding works for me too...then again Jamie Dimon says it will all go to zero $$$ soon.. thus if I ever do sell any coin (of any real note) I WILL DOOM ALL OF CRYPTO! (cursed, I am, damn it!) So the only 'selfless thing' that I can do (since 2013) is HODL ....so you guys don't suffer the consequences of me selling.....(it would be the crypto apocalypse!) trust me, its true....for everyone time I sell some for miner or other expenses.......well...you know 'the curse' returns...if I sold the works, again I would doom us all! (my am I a fine fellow or what ...looking out for you all) |
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I was just too late to ask for a refund.
The woman at Bitmain came back to me and said that they cannot refund, but they can Credit my account with the amount.
Then a day later she said they unfortunately already started prep for the shipping of my miner.
It would have been better to just use that Credit and buy an L3+
Bloody damnit!!
They were giving you the run around....they don't refund for anyone....never have never will such a miracle would have been all over the bitmain threads here on bitcointalk if that was the case thou, I've heard them say many times the above, sorry for your problems but you are too late we have already 1) sent your broken board back fixed (or doing so) 2) sent your psu that was lost or replaced 3) sent your bitmain toaster that was lost or replaced it is a common theme (see past posts in bitmain threads) (bitmain: lying...how customer service is supposed to work!) (tm bitmain) |
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@blissz
What do you think, do you can release the other algos?
I don't think this is even an option anymore..(see previous posts on here and the code posted) looked like an ungodly mess indeed probably would be quicker to start a gofundme for a NEW x11 coin we could pump...odds would be the same |
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I appear to have mastered the art of selling low and buying high...
it´s the other way around, but i have to admit, it´s not easy ! Even though a lot of people do seem to have a kind of gambling mindset (maybe myself included). When I talk to people in these forums and even in real life, I find that people kind of gravitate towards all or nothing thinking, but if they really focus on buying as the price goes down and then selling as the price goes up, then buying low and selling high (which is the correct way to do it) just falls into place. So personally, I believe it is just a matter of exercising discipline and putting into practice a kind of buying on the way down and selling on the way up and attempting a sort of incrementalism (rather than all or nothing) thinking, and then the not so easy gets trained into you through practice and discipline.. that has been my outcome... and thank you bitcoin for going up in price through out this past two year period to help me out into being successful in various regards and to cause (not selling too much) to pay off really well for me.  a kind of sentimental "happy sad" but true. Oh, fk it, i´m trying the contrarian thing, that´s all to complicated for me. Did anybody ever try that? I´m doing just the opposite, of what everybody else is doing. And sleep at night. Not a new idea, but maybe it works, and was just overlooked Sorry, by failing and being a savant myself and selling low and trading (or mining with equip you paid too much for) too high....I can tell you there is no chance....by failing you then do the opposite....but the 'crypto gods' know this and smite you..then you get tricky and do a double fake on the next fail, again predictable because you are a savant on the wrong choice on when do buy/sell its a gift/curse/etc so stalemate meanwhile, the crypto god's get much mirth out of your antics. |
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Actually....$1.66...  0.57 $ game over Well, these things are not gonna last long at this rate $3.38/day dash on a 17.5gh 950 watt at 12c kwh setup https://www.cryptocompare.com/mining/calculator/dash?HashingPower=17.5&HashingUnit=GH%2Fs&PowerConsumption=950&CostPerkWh=0.12Ugly, Ugly...and considering I have one (above) only getting 16gh and my 2nd D3 doing OK I am getting around 35gh for both so $6.76 per day! (dare to dream.......) FML The ONLY way this would pay in Minnesota..is if you used them as a 'space heater' to heat your Ice House....fishing on a frozen lake ..near a Burger King or some biz with FREE wi-fi (man ..I had to reach far to find something this would make sense to use a D3 for ...at this point in time) Why you mining DASH Amigo? Did you try Switching Pool or Nicehash? Either of those options is a fair amount better than DASH. I'm on prohashing....so I suppose on a good day I could be getting 20% more than the dash calc says... still not enough to even ROI out of the whole that bitmain put us in by playing toaster city with the amount of D3's hitting the world should have pointed that out using a Dash calc as the low end worst ....bottom....you can get with a D3 then again ...no one should listen to me on anything.....you note I am clueless enough to be on this thread...proof enough dash is gonna triple up before xmas
we can always dream Dear SantaClaus, this christmus i wish ...  To finally be "Natalie Portman's" Love Puppet! (Damn, better odds of that, then me ever getting an ROI out of these D3's)  Yes! With this D3 fail, it has to all work out with her now right? I mean Balance, right? |
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I appear to have mastered the art of selling low and buying high...
I too share that gift....it is a common magical spell however....rating right up there with tripping over your own feet... alas, no spells for unicorns for this guy.... |
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