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3681  Bitcoin / Legal / Re: do I pay capital gain tax on trades if don't cash out? on: January 29, 2021, 02:19:24 PM
snip~
Exactly you are paying taxes whenever you complete a trade. So you don't need to worry about tax.
Can you explain how exactly a trader paying his taxes by completing a trade?

There are different type of taxes even for the crypto trader and it varies depends on your country. You are not paying any taxes whenever you complete a trade, you have to file all your earnings from the trade at the time of reporting your income tax.
3682  Economy / Scam Accusations / Re: Scam accusation against SWC poker, outstanding refunds on: January 29, 2021, 11:47:46 AM
It seems the amount staked on the bets vanished due to the loss of domain and it never get refunded into your wallet, am I right?



You said that you didn't get any replies to your mails over 3 weeks now but you posted this issue about 5 days ago precisely but its still a lot of time to get answer from their representative, hmmm I am not having much experience in it but if you are saying the truth then they should be given nagative tag for not answering any questions from you.

But you also didn't provide any roof to claim your accusation. Roll Eyes



I guess swcpoker just plans on stealing my 4k chips? I emailed a dozen times,I messaged via twitter and posting here ,what gives swcpoker?
Also why ban my chat on seals just for bringing this up there ?

I am 1up1 on swcpoker

Another newbie claims he didn't received his chips but no response to it as well, ignoring questions is not a good behaviour in my opinion.
3683  Other / Beginners & Help / Re: Can you identify if an address is a Coinbase address? on: January 29, 2021, 08:55:02 AM
Hi, I am currently going through my old crypto wallets to do some tax calculations and I have an old wallet address which is either an electrum or a Coinbase address.
I know it seems strange but it would be helpful if I knew which it was so I could give up trying to contact Coinbase support
So, is it’s possible to tell from looking at an address if it’s a Coinbase address? Long shot I know!
Thanks!
Its not possible to say whether the address is actually from Coinbase or electrum but can track it down for sure. when you just have the address but if you used them in the past then you can get all the used address for your deposits can be found on the addresses which is possible if you logged into the coinbase desktop site.

Even in Electrum you can see all the addresses used in the past. Smiley
3684  Other / Meta / Re: Meriting a user who just merited you on: January 29, 2021, 06:44:28 AM
snip~

I agree that 50 merits for a single post is too much.  If there were a lifetime cap though, it wouldn't matter so much and would eliminate a serious problem.

Only 2 merits on a post seems a bit low to me.  Some posts, like my escrow, nastyfans, minted seats, and green energy mining threads have led to years (soon to be decades) of work and tens of millions of dollars exchanged (billions of dollars in BTC at current USD/BTC rates).  Limiting those posts to only 2 merits seems a bit strange.  A lifetime merit limit addresses the issue of merit cycling forever, but a per post merit limit does what exactly?
Some threads really deserves lot of merits for their contribution to the forum and also the whole crypto community but this has been taken as an advantage by the people who you call is farming circle and just keep spending them in between  posts.

If we have merit restrictions per posts then it might be helpful to restriction their actions and will encourage them to merit more posts than single post with huge merits.
3685  Other / Meta / Re: Meriting a user who just merited you on: January 28, 2021, 07:54:03 PM
snip~

It isn't an issue in small amounts in my opinion.  It's the users that have exchanged hundreds of merits back and forth that are a real serious threat to the system here.  I've gone on record multiple times as saying there should be a 50 merit cap on what any 1 user can send to another over the lifetime of the account.  If you look at some of the highest merit earners on this site, they have literally exchanged hundreds of merits between each other.  I'm pretty sure this isn't what the merit system was created for and it should be stopped with a lifetime merit sent limit between users.  

It is also abundantly clear beyond a shadow of a doubt that massive merit abuse took place in the first couple weeks of the system.  I think in addition to a merit per user lifetime cap, rolling back merits received in the first month of the system as well as merits over 50 sent to any one user by another would make the system much more honest and make the merit whores have to go through the additional steps required for alt account signature spammers.  That's if we actually want an 'honest' system instead of a 'who can befriend the most abusers' system we currently see in the trust and merit networks.
Kind of agreed with the statement but not with merit cap per user for a lifetime may not work but it will be better to limit merit per posts like

only 2 merits can be rewarded for a post with two people awarding one merit each or just 2 merits from a person so even if someone want to merit that post it is not possible to do so.

Most of the community members agreed that awarding 50 merits for a post is too much, BTW I didn't see any post received 50 merits from a person in the recent days.
3686  Other / Meta / Re: Meriting a user who just merited you on: January 28, 2021, 04:57:39 PM
If someone is meriting back the user who just merited them then it is called merit farming which I never appreciate among our fellas.

But sadly it becomes a reality, people making it as habit to merit them people who is giving merit them which should be changed, just merit the post which gave you some new information to you or atleast it will be helpful to someone in the future.

I don't really care about the user who I am meriting, if I feel it deserves and got merit on hoarde then I will just go for it.

I request everyone to do the same which will increases your merit cycle.
3687  Bitcoin / Legal / Re: do I pay capital gain tax on trades if don't cash out? on: January 28, 2021, 02:34:32 PM
~
It's not that easy. If he bought on a registered exchange, especially if it was Coinbase or Gemini which report your every move, it's still possible for the government to track his sale and prove that he tried to avoid paying tax. The only way he can be safe is if he also bought on p2p or f2f from someone and sells for cash.
I did say that OP should try to go for a P2P, or maybe put the amount the OP wants to sell to a cold wallet and sell that wallet for X amount of cash. If its not that big of an amount I don't think that the government will bother you for taxes, you are already paying taxes some way or another anyway so I do not think that it is anything that they should worry about.
IRC, every peer to peer trading plaftorms stopped personal trades so the only option for US customer is like choosing a non banking payment method and common payment method on LBC for US customer is Paypal and its only suitable for amount less than thousand dollars.
3688  Bitcoin / Legal / Re: do I pay capital gain tax on trades if don't cash out? on: January 28, 2021, 10:20:54 AM
Ugh sorry 1st post rookie here!  I am in the USA.  So it sounds like the moment I sell and make a profit I will be taxed even if I don't cash out.  It's not a huge amount if that matters.  (around 30k)
Yes you need to pay taxes for your capital gains because IRS treats cryptos as property so the capital gain tax rate maybe charged upto 37% under the current tax rate.

But there are people who is paying less taxes than actual with filing taxes so you need to find a professional and ask in detail about it. But if you are filing tax as single status then there will be no capital gains upto $40K.
3689  Other / Archival / Re: 1000 Bitcoin Hero Members Association on: January 28, 2021, 07:47:42 AM
So OP wanted to build a bitcoin community with forum's hero members or one who succeeded as bitcoin investors and then going to ask for subscription fee to be a member of an privacy club? Tongue

You won't even get 10 of them unless you say what is the actual intention.
3690  Economy / Gambling / Re: FORTUNEJACK.COM |Deposit 777 play with 1777 mBTC |Live Casino, Slots, Betting on: January 27, 2021, 08:45:28 PM
^ If you still think you treated unfair then you can just go for a complaint site like mentioned above yours and odd errors are not responsible to be paid by the sportbook is what I understand but keep saying the same thing is not going to change anything.
3691  Bitcoin / Project Development / Re: [BETA] BTC Mempool Fees Extension/add-on for Firefox/Chrome browser on: January 27, 2021, 06:58:07 PM
General question:

What do you think are the best API sources for estimate Bitcoin mempool fees and is there something better than three sources (mempool.space, bitcoiner.live, blockchain.com) we used for showing sat/vB fees?

Well, this is the problem.

All of those fee estimators are just trash imo. They overestimate fees. I have seen the mempool empty, transactions with 1 sat/byte being confirmed and electrum (which uses the same estimators from those sources) recommending 100 sat/byte
I am using Mempool space for a while and it is not over estimating the fees to be honest, only ETA feature in the electrum is doing it.

But it is not actually possible to find the lowest possible value to get included in the next block better use the actual recommended value and I have been doing it. Stopped making any transactions when the fees were pushed to higher value even when there is no need and this is actually happens due to the overestimation of fees from the wallet providers.
3692  Economy / Economics / Re: Trading Bitcoin in Africa Is a Way for Some to Escape Poverty on: January 27, 2021, 05:06:31 PM
In countries like Africa, yes it is going to help a lot for the unemployment rate because their daily wages are less than a dollar as far as I know so they can make few dollars with very small capital everyday but it is going to help the everyone in Africa? I don't think so.

One who enters into the market earlier and utilizes it more will be making profits but in the next few years the bitcoin will be out of reach for unemployed people.
3693  Economy / Service Discussion / Re: Applying for a lower member rank - read what popular managers say. on: January 27, 2021, 02:53:23 PM
It highly depends on the campaign managers, some managers accepts and some don't the higher ranks for lower rank positions.

When the user itself ready to accept the lower rank payments then there is nothing to debate about it but IMHO the managers will look for other ranks only if there is no deserving rank in the announced rank.
3694  Economy / Gambling / Re: FORTUNEJACK.COM |Deposit 777 play with 1777 mBTC |Live Casino, Slots, Betting on: January 27, 2021, 08:48:57 AM

No, I did not get it in my wallet so I could never have withdrawn it. I only withdrew the 50% partial cashout that I took out myself for 0.13974 BTC. This means that the remaining ~0.14 BTC (disguised as a stake of 0.0672 BTC @ 2.6 odds) was left open for this match to be played out.

I could have also cashed out in full for 0.2687 BTC and instantly profited ~0.13 BTC, but I decided to let the other 50% play out for the match at better returns (2.6 vs ~2.1) assuming the player who I bet on wins the match.

It is not my fault that they themselves gave me this option and allowed me to do this, and I should not be losing thousands of dollars because of their "mistake". Especially because at this point, it was 100% within their control because it's their site, and they decided to give me this option.

Many other sites never allow any partial cashouts to be made after placing a bet (like Cloudbet or Nitrogen for example), so while they can blame betrader for giving them the "wrong" odds initially, they cannot blame them for giving me this option to cashout for the amounts I mentioned on their site.

Therefore, FortuneJack needs to take full responsibility for giving me this option and at the very least, return my stake in full if they decided to cancel my bet.

(And quite frankly, this shouldn't even be the main discussion because my whole point is that my bet should never have been canceled in the 1st place, as 80%+ of members here agree with me as well - but this is a non-negotiable)



On the particular date we are talking about 1 ETH = 0.032BTC means 4.25ETH = 0.135BTC approx

So you actually withdrawn all the amount left in your balance and the remaining balance showed was actually an error and it wasn't your BTC, are you clear now?

The cancelled your bet which is not supposed to happen but on rare occasions it is inevitable and you missed the bet actually but didn't lost, that is how you need to take this, better you take that 25% offer and get into a peace state for a while.
3695  Economy / Gambling / Re: FORTUNEJACK.COM |Deposit 777 play with 1777 mBTC |Live Casino, Slots, Betting on: January 26, 2021, 07:19:28 PM
No party here did anything wrong, but FJ accusing a customer of taking advantage of a bug rather than owning up to a problem with their own system or their odds provider is damaging to their reputation. I would suggest that they retract that accusation or provide some kind of proof to back their claim.
Moreover FJ claims Epicchamp was the only one betting at the time of bug raised which is why the user thinks that he got cheated when about to win a bet. I think @EpicChamp should take the offer given by FJ and he can choose to what he wanted with it because he is claiming that he is only requesting that 0.0672 BTC to be refunded which is actually withdrew by him already.
3696  Economy / Gambling / Re: FORTUNEJACK.COM |Deposit 777 play with 1777 mBTC |Live Casino, Slots, Betting on: January 26, 2021, 05:19:07 PM
Findingnemo: FortuneJack just proved with this screenshot that my 0.0672 BTC stake was not returned.

Whether this was a technical error or not, you have no right to keep my stake and it is 100% against the TOC.

So at the very least, please return my 0.0672 BTC stake back.

Thank you very much,

EpicChamp
If I Understood it correctly the amount 0.0672 was created due to the technical error on their side but later it was nullified. Means you got only 0.0672 left in your wallet and which you already withdrew it to your wallet so there is no BTC left on stake and this is what FJ wanted you to understand.

@FJ only this user has faced such kind of bugs with wallet balance or many others? Because I don't find any similar case in that time frame.
3697  Other / Meta / Re: @theymos please sMerit 1:1 on: January 26, 2021, 02:50:44 PM
1sMerit for 1 earned merit will nullify the merit system so it is never going to happen.

But if there is some change in the merit system then it should be from the fellow forum members while awarding merits to good posts.Some people take merits as too serious and they just keep doing anything and everything just for the sake of earning it but it should be awarded when someone see a good post.

TBH for a newbie to earn merit the standard becomes lot higher but they are supposed to have lower standard since they are just newbies?
3698  Economy / Gambling / Re: FORTUNEJACK.COM |Deposit 777 play with 1777 mBTC |Live Casino, Slots, Betting on: January 26, 2021, 07:26:15 AM
After I did my 50% partial cashout (which they gave me the option to do themselves), the other 50% had 0.0672 BTC remaining at 2.6 odds. ForuneJack then canceled this bet 2 hours before the match was about to start, and did not return this stake back to me (in other words, they kept it to themselves) - which is against ANY gambling TOC.

Have you ever had a situation where your bet was canceled for any reason and your money or stake wasn't returned back to you in full? I highly doubt it.

Their reasoning or decision of canceling my bet could be debatable, although it is completely wrong & unethical for many reasons that I explained earlier.

But what is NOT debatable, is them taking away my 0.0672 BTC stake and keeping it to themselves after canceling my bet. That just crosses all boundaries and is 100% against any TOC.

So at the bare minimum, they need to return my 0.0672 BTC stake (which is equivalent to $2,200 USD right now and should have been done 2 months ago).

And if they have any good morals & a sense of goodwill, then the right and noble thing for them to do in this situation is to honor my winning bet in full for 0.174 BTC, which I would greatly appreciate.

(Since this bet should have never been canceled in the 1st place and played out the normal way).
IMHO, you can't actually claim the winning bet because the bet cancelled before the 2 hours of the games (IIRC) and its the own decision of the gambling site.

Now only talk about the staked amount, do you have any valid proof to claim that your bet amount never returned to you like how much balance left before that particular bet and how much you withdrew with valid proofs.

Wall of text will not convince anyone.
3699  Economy / Gambling / Re: FORTUNEJACK.COM |Deposit 777 play with 1777 mBTC |Live Casino, Slots, Betting on: January 26, 2021, 05:49:29 AM
I did not lose "nothing". The night before the match I had an open bet with a stake of 0.0672 BTC @ 2.6 odds that you canceled 2 hours before the match was about to start (super late), and did not return this stake back to me. So at the very least, I lost 0.0672 BTC.

Your staked bet amount was 0.0672 while the bet cancelled the bet amount was retured or not? You said you only withdrew your remaining balance but now saying you did lose nothing.

Each spoortbooks has their own terms and conditions so if one did means others should not follow the same and even it changes per case to case.

I don't see any DT members agrees with this case. Isn't it?
3700  Economy / Gambling / Re: FORTUNEJACK.COM |Deposit 777 play with 1777 mBTC |Live Casino, Slots, Betting on: January 24, 2021, 02:22:14 PM

-
Initial money was sent back and has already been withdrawn by OP.

On top of that, we've already offered 25% of a deposit back as a balance - goodwill from the company for having a bug of some sort of live at the website.
IMHO, its an fair offer to be honest but @EpicChamp why you still don't want to claim that offer given by FJ. Only on rare cases gambling sites allowed the gamblers to withdraw funds if they got it from the bugs on their system but mostly company will simply cancel the bet and will quote their terms of Service so they have the right to do what they want but here they offer 25% so its good to accept and make a life with it. Kiss
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