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3681  Bitcoin / Legal / Re: US Capital Gains - Unknown Sale Price and Date on: March 29, 2022, 02:55:19 AM
Let's say that I got 0.01 BTC for $500 in 2021 and I'm sure that I sold it later during the year, but don't know when or for how much. How do I calculate the gain?

If you don't know how much you sold it for, obviously, you won't be able to calculate it. I understand that you bought it in a CEX and probably sold it in a CEX as well? If so there will be a history at the CEX. Because if it was in a decentralized exchange I don't think you would be eating your head off to declare it, let alone such a small amount. How much would be the profit? $200? $500?

Give us more details, otherwise we will have to consult our crystall ball, as NotFuzzyWarm points out.
3682  Economy / Economics / Re: Rising inflation forces investors to look for defensive assets. on: March 28, 2022, 02:15:42 PM
Not really the best of course, we have traditional assets, you know mate, if things get out of hand like we are now facing such treats to humanity, we should be considering of how to survive. We won't be able to use bitcoins when there are no electricity and internet. So a traditional asset is better choice, example farm lands. We can't eat Bitcoins can we? But fruits and vegetables is edible, so in times when inflation really hit us hard, it is better to farm.

Bitcoin is really the best. Traditional assets are good, better than fiat, of course, but not as good as Bitcoin.

I know something about farm land, and I would say more than you do. I don't know if you are aware that having farm lands without electricity and internet (and I guess without cars and gasoline either), would make you starve.

The amount of land you need to produce enough food for you for a year and in a varied way is enormous, and you could not work it all. Even less without machines.

But I wasn't talking about a Mad Max style situation. Bitcoin is the best store of value today, and if tomorrow we find ourselves in a situation where there is no electricity, no internet, and no machines that run on gasoline, Bitcoin will be the least of your worries. A few guns and a lot of bullets will be much more useful.



3683  Economy / Speculation / Re: Bitcoin Breakout on: March 28, 2022, 02:05:59 PM
I'm not one of bullish maximalists,who are expecting 100K,250K or a million dollar Bitcoin price.We should be happy with a 50K price.Greed is always a bad advisor,just like fear.

LOL. I expect those prices, what happens is that I do not expect $1M in 6 months, but we will gradually reach those prices, I am sure of it, and it is not a matter of greed or fear. It is a matter of fundamental analysis. Today there is nothing better than Bitcoin to store and transfer wealth, especially in large quantities. And bitcoin is even more useful in the environment we find ourselves in, with rising inflation, tax hikes and governments with a tax collection drive that borders on confiscatory.

Regarding the OP, I hope to see more of his predictions around here to see if he gets it right more times, showing that it is true that he is a good chartist.
3684  Bitcoin / Bitcoin Discussion / Re: Bitcoin to the rescue; when hard cash fails on: March 28, 2022, 06:16:47 AM
It's been  established that during a conflict or a huge crisis of any sort, hard cash is nowhere to be found or would be of very little value.
The ongoing energy crisis, being an economic problem trickles down and  affects the life of the ordinary person. Jobs lost, Prices of goods, services rendered would get really pricey or/and they wouldn't be any money in people's hands at all.
With btc, the ordinary person could avoid the backlash of these crisis and come out fine. Hopefully people would realize that hard cash can't be trusted all the time and look elsewhere, perhaps to btc.

For me, what you write is more wishful thinking than anything else. There has been some case in Ukraine where there was no money because ATMs were not working or something like that and a person managed to buy a second hand car in Bitcoin.

But that is far from the norm, and even less so in crises without wars. In a crisis what people lack is liquidity, and that is what they are looking for, so they sell assets and everything goes down. And still today, as much as it pains us, the most liquid thing is cash.

3685  Bitcoin / Bitcoin Technical Support / Re: Looking for a way to add extra security on: March 28, 2022, 05:51:34 AM
This would have been better if you had asked this question on a technical board but I will report the thread to you so that it can be moved.

I would not recommend it, unless when you create the document and compress it, you do it offline and you are 100% sure that you don't have any virus or anything on your PC.

Also, how are you going to save the strong password? Written down? For that I think you better save the written seeds in a secure physical location and that's it.

3686  Economy / Economics / Re: Rising inflation forces investors to look for defensive assets. on: March 28, 2022, 03:23:35 AM
What can crypto offer them?

Well, what "crypto" can offer them is a lot of shitcoins that are pump and dump schemes and if they are lucky to get one right, as they will make money, it will compensate them for the inflation increase.

But on the other hand we have Bitcoin, which is the best asset against inflation, safer, and that surely will not give such spectacular returns in percentage terms as it did the first years, but it has some intrinsic characteristics, especially the maximum limit to its production and decentralization, which make it better than the 1900 shitcoins out there,

3687  Economy / Scam Accusations / Re: Badger (a Super Mod of casino) and Bitvest.io scammed me 100 LTC on: March 28, 2022, 03:00:03 AM
We got paid, it was just delayed for a really long time so it felt to everybody that the participants didn't get paid. I don't know if lightlord really is sick but I am sure that he will have a hard time getting back to the game because a lot has changed and I am pretty sure that he will have to rebuild his reputation because people are asking questions already.

I can't even imagine how come bitvest is doing this shit these days. They were pretty good back in the day but now they have issue one after another. They can easily handle this issue if they are honest enough but I guess they have planned to go out of the market aka exit scam.

I can. The same things continue to happen months after Lightlord announced that he is now well:


Finally, I cancel my 46 LTC withdraw request and divide it for 10 small withdraws.
After 2 days I withdraw all amount, and pay fee 10 times.

Support don't reply me at ticket and email. So, I don't recommend use this casino for paying, because client service very low.

Could someone from the casino explain why this happened?  

Because it does not appear that Lightlord now has health problems:

Things have been very difficult after the second vaccination shot, affected in ways that were unforeseen. With continued weight loss all the way to Dec. I've since gained 10 pounds, more strength, and health.

We were running it lower in hot than normal after the site was brought back online. It should be fairly quick for withdraws in general.
The hot wallet is more topped off now, so things should be getting back to normal.

A month after I required in this post that Lightlord or someone working for Bitvest gave an explanation nobody has given one.

I don't want to get too involved in this, but I do follow the topic from time to time. On the Bitvest.io thread, people confirmed to me that neither Bitvest.io nor 777coin have a license. I think people in the forum should think about giving a great reputation in these cases, because it is not just that it operates without paying taxes, which to some extent I can understand, but of course it has no responsible gambling feature, and if we believe what the user Pseudo-Random says, who seems to know the subject well, its business model is based on gambling addicts:


 ...

 The hotwallet problems began in august 2018, for a good, very specific reason, and have never stopped since. And they won't. The reasons are fundamental

 Nothing will ever get "permanently fixed"

 Players will continue waiting and waiting and waiting whenever they happened to haplessly have won & then attempted a withdrawal simultaneously at a time when other users also had won & had already successfully withdrew funds, thus leaving the sparsely filled site wallet empty ; for hours if very lucky, for several days typically, or potentially for weeks on end as happened to me with dogecoin 4 months ago..

 -- because, the owner **does not care anymore**, his deteriorated health + any number of other situations in his personal life now mean he has vastly more important priorities to cater to than the proper, responsible administration & functioning of his site

 Yes, you guessed it Einstein -- this does also mean he couldn't give less of a shit about "market share erosion unto a growing slice of competitors' gambling offer" because the meager revenues from operating BV do not constitute a primary lifeline for LL's subsistence any longer ; and so it is hard for all this to be such a big, pressing deal to him -- not to mention the OBVIOUS fact (if you actually did play on the casino & observe players' trends over time) that it is the same old regular punters that have been using BV for years & years, all the while grunting out some repeated irked grievances at its "rigged" "unfair" systems -- therefore inevitably returning to it, completely lost in disgruntled yet hopeless addiction, regardless of any sig campaign revival, marketing push, or loss of trust via lack of communication + continuous hotwallet problems

 This CAN happen to project managers or business owners, over the course of a long decade, they just can't muster the inspiration to give a fuck anymore about their project. And so I'm pretty sure LL would have CLOSED BV long ago rather than reluctantly keep dealing with all the work & ignorant complaints, if he hadn't closely observed and understood just how cherished it is as a haven by its degenerate rabble of gamblers & junkies glued to it 24/7 - so much so that the site's sudden absence causes a whole upending in their errant lives ; for the unusually different type of gambling it offers them - not to mention its colorfully unhinged & mostly uncensored chatting community

 It's a shame you fools can't have understood this in 245 pages of spam and it took my time & effort to explain it to your obtusely confused, desperate, hungry, anxiously-spammed sig-campaign posts

 I for the record am fine with things as they have been, for I long ago acquired the sensible maturity to cognizantly accept this is how this weird site is gonna be functioning, you might well get to siphon more free coin mileage here via the token conversion system than via periodic bonuses granted in copycat fashion after one another, by the dozens of other sites ; and by the rng here POTENTIALLY (unconfirmed) being more favorable than elsewhere ; BUT, you WILL WAIT whenever you have a support ticket or withdrawal in line

 . .
3688  Bitcoin / Legal / The EU May Vote to Ban Anonymous Crypto Payments on: March 28, 2022, 02:43:16 AM
If this news sounds familiar, you haven't dreamed it. Last year there was already a similar news, which fortunately came to nothing:

EU wants to ban crypto anonymous transactions and wallets.

In fact, if you google: "eu to ban anonymous crypto wallets", the first thing you get is news from last year:

No, the European Union Is Not ‘Banning Anonymous Crypto Wallets’

I had to set my search preferences to the last week to get the current news:

EU Legislators May Vote to Ban Anonymous Crypto Payments

"According to new reports, EU legislators could block transfers to flagged jurisdictions and enforce ID  check on all crypto transactions.

Urged on by Russia’s increased focus on crypto to evade financial restrictions, lawmakers worldwide are reviewing regulations with renewed intensity. The European Union has not fallen behind in this global movement. The possible success of the upcoming vote will translate into a lot of changes for EU crypto users.

Additionally, the vote could also restrict transactions to non-custodial wallets.

...the proposed measures are likely to apply regardless of the quantity of crypto being transacted.

The present regulatory framework only enforces this for transactions scaling $1,099. However, the Union’s governments have supposedly sighted a loophole. To evade the prescribed limit, crypto users could divide the funds and conduct smaller transactions. The term for this is “smurfing.”
."

I think that, although I understand that people will be able to bypass this ban using Tor and vpn, this can do a lot of damage to Bitcoin, because for starters, companies that sell Bitcoin in the EU (for example Bitrefill), will not be able to accept payments without identifying who pays (KYC).

Let's hope it is not approved, at least in these terms.
3689  Economy / Economics / Re: Rio de Janeiro To Allow Paying Taxes With Crypto Starting From 2023 on: March 27, 2022, 01:07:57 PM
In some recent post I said that I think we are at the beginning of the adoption by public institutions. This cycle started with the adoption by private institutions, companies, and I think we are at the beginning of a path in which owning crypto in a few years (maybe 10 or 20) will be as normal as today is to have a cell phone with internet connection. Just today there was a similar news about Portsmouth in the forum.

In the case of Rio de Janeiro, I like it better that they plan to keep 1% in reserves, while Portsmouth plans to convert all payments automatically to dollars. Although they talk in general about crypto, and it seems to me that only a small part will be Bitcoin, but in any case, anything that helps normalization and mass adoption is good news.


3690  Economy / Speculation / Re: Bitcoin rises, Ethereum biggest gainer on: March 27, 2022, 07:01:10 AM
I agree to be skeptical of the OP's statement in the title. We could only consider that Eth is a gainer in the short term recently, and regarding the market cap, which is not very reliable, we have to think that Bitcoin competes with about 18,500 shitcoins, it has a 42% market cap compared to so many shitcoins, which seems to me that to be remarkable.

Although it must be recognized that, as little as I like Eth, I think it will continue to be strong in the market for many years. If we go back in time and look at the top ten cryptos, we see that many have changed. The only one that remains up there, apart from Bitcoin, is Eth. It seems the strongest of all the shitcoins.
3691  Economy / Trading Discussion / Re: Price target on: March 27, 2022, 06:38:04 AM
Bitcoin price is now looking very bulish if its stable in this area for few days and next run can break resistance then end of the year it can go 65-69k in my opinion!! Also it can break its ath at the end of this year!!

Just wait and see where the Bitcoin prices would be hitted 67k$ or more?

I expect bitcoin to hit $45k anytime soon.

However, looking at the market conditions, it seems that Bitcoin will soon go into the 50K.

So, how do you guys trade according to your targets/predictions? Are you basing your predictions only on a hunch? Because it looks like that.

Also, you all talk about higher prices than now, but to make trades it does not matter if the price goes up or down, if you are able to predict it you can still earn money. Some of you make me doubt if you really trade, in the same way that when I see many people saying that they make money with trading, I doubt that they are telling the truth, since more than 90% of traders lose money.
3692  Bitcoin / Bitcoin Discussion / Re: Portsmouth, Bitcoin City on: March 27, 2022, 06:15:17 AM
  In order for citizens to have more payment options, the city of Portsmouth, located in New Hampshire, allowed residents to cancel services with Bitcoin or any other cryptocurrency; the mayor McEachern of said population, was the one who proposed the idea, and he presented it thinking about the near future, where it would affect them in some way not to get involved with these technologies since, most of the countries will update and use these digital currencies, He said that "there are lots of new things that will affect us in terms of our future that use the type of technology used in cryptocurrencies", which is why the city council took the task of educating itself with the management of blockchain technology and cryptocurrencies, also implementing a payment method that immediately converts the digital assets entered into dollars so as not to affect the traditional monetary practices of the city

How will this action positively and negatively affect the citizens of Portsmouth?

Well, even if they automatically convert it to dollars it is good news. All steps towards greater use and normalization of Bitcoin are positive.

But I don't really think it will affect the lives of its citizens, at least most of them and in the short term; as most will not own Bitcoin, and many of those who do own Bitcoin will prefer to use fiat to pay fees for example, than to use Bitcoin. I don't see much point in getting rid of a good currency that appreciates, and keeping the shitty currency that depreciates, although there may be exceptions to this, such as people who get all or most of their income in Bitcoin, or people who own a lot of Bitcoin.
3693  Economy / Gambling / Re: Casino Game on: March 27, 2022, 04:51:45 AM
How old are you?! You sound like a kid who doesn't have a clue about what he is doing! And this is not fun at all!
It's possible, but based on his posts where he talking some adult stuff seems like he's not a kid.

The other thing might be possible is @OP didn't even know anything about gambling, but he force himself to post in gambling section due to his campaign Cheesy This is nothing new some users blindly participated in campaign only for money and don't know what's the project is. He need to learn first about gambling before he joined a campaign about gambling, or he didn't need to join a campaign so he no need to learn.

It is quite rare that he does not know what a casino is, since it is not necessary to have played in one to get an idea. By watching a movie in which a casino appears, for example, you get an idea. But I guess he hasn't seen one.

OP, there is no better way to get familiar with what a casino is than to gamble in one, but I don't generally recommend it because the math is against you. If at some point you want to try it, be aware of that. There are people who play casino games for entertainment but be aware that although in some cases you may leave the casino with more money, the long term tendency is inevitably to lose money.
3694  Economy / Economics / Re: What about the role of giving in personal finance? on: March 27, 2022, 04:23:05 AM
So this is probably the explanation. However, I have reservations when you simply say:

The moment I started donating regularly and making extraordinary donations, also giving unexpected tips, etc., my personal finances, which were already going well, got a boost.

Hi, Darker45, I don't know why you say that and that's why I'm going to clarify.

From a scientific point of view, that one thing happens after the other doesn't mean anything. It is what they say "correlation doesn't imply causation".

I created the thread to see if people had had similar experiences, because although what happened to me might not be causally related, watching Ramsey's video I see that it seems that there could be something more solid than a simple correlation.

So I don't quite understand your reservations when you previously explained that there is at least some truth in it:

Being generous to a certain extent is an investment. The old adage "the more you give, the more you receive" holds some truth. There are ways of explaining it. It could be explained from a spiritual point of view. It could also be explained in terms of character-building and ways to attract people and spread positive vibration. And it could also be explained from a business point of view.
3695  Other / Beginners & Help / Re: Starting my crypto journey, hope I'm in the right place on: March 27, 2022, 04:02:55 AM
That is why most new comers ends up lossing their money all the way is because most of you only wants investing and get profit.

If you have social medias you'll find this kind of groups where they are shilling some crypto claiming it will "go to the moon", "exceed bitcoin in price" and etc. These called signals, some paid some are not, but mostly they just shills it telling their followers to invest this and that. It's the same here, if you keep following what you just read on social media or any forums, you'll end up broke.

LOL. I laugh to keep from crying.

Let's hope we got there in time and the OP doesn't fall for it.r that. He wants to invest 75% of what he earns in DASH, a shitcoin that has all the look of a pump and dump scheme:



On top of that it is a shitcoin that was forked from the Bitcoin protocol.

OP, do your own research especially on the difference between Bitcoin and altcoins, which we call shitcoins. If you go to the altcoin forum section you will find many tips for investing in shitcoins like that, but I and many believe that there is nothing in the crypto world better to invest in than Bitcoin. Maybe it's not going to give you as much return as a fancy shitcoin in the unlikely event you get it right by choosing the shitcoin, but it's safer and has intrinsic properties that are much better than any shitcoin.


3696  Bitcoin / Bitcoin Discussion / Re: Carrot Courses: Earn bitcoin while learning about Bitcoin on: March 27, 2022, 03:49:35 AM
It seems to me a good initiative to popularize Bitcoin, and also educational, unlike faucets, which also give away some sats but do not educate,

What is not clear to me is what is in it for them. Faucets for example, give you free sats because they attract people and then many of those people end up betting and losing money, so what they give for free ends up turning into a profit for them.

I have looked at theirr website but it is not clear to me what theirr business model is and I don't want to sign up.
3697  Bitcoin / Bitcoin Discussion / Re: This is going to be bad for the Indian Bitcoin community on: March 27, 2022, 03:33:12 AM
So not one, but two taxes that will be imposed starting next week. This is definitely bad (or shall I say worse) for the Indian crypto community. 1% for every transaction? What is the government thinking about this?

It'll create a heavy burden in the hard earned money of the Indian crypto community. As the title says "This will kill crypto"

I don’t think that will crypto but it will definitely affect it.

What I also believe is that these types of measures will turn out worse than expected. When you raise taxes a lot, you end up collecting less than you expected, because people basically do not allow themselves to be robbed happily. People will probably switch to undeclared trading, using DEX and vpn, for example.

By the way, after reading the news I see that there is another important point:

“…losses cannot be offset against other taxes.”

In short, they are too greedy, and this legislation will have to be changed at some point in the future.
3698  Economy / Reputation / Re: Announce your rank up, merit or any achievements that makes you feel great! on: March 27, 2022, 03:17:25 AM
What I'm not so sure about the BitcoinGirl.Club initiative is that it will succeed. Some members may publish their achievements in that thread, but I'm sure some others will not.

...and I guess OP's idea in theory would be fine but unlikely to eliminate individual bragging threads I think.

LOL.

It didn't take long for a thread to appear.

The senior member gang.

Facepalm.

I was also thinking before reading suchmoon's post that the only thing to do if these threads appear is to report them to see if moderation wants to move them but I also thought it would be unlikely.

I don't think we should get too pessimistic about this though. BitcoinGirl.Club's initiative is good and will concentrate in the thread at least part of those that would have been in individual threads if she had not created her thread, just as has happened with LoyceV's thread on plagiarism.
3699  Economy / Economics / Re: What about the role of giving in personal finance? on: March 26, 2022, 12:23:00 PM
Both people can be right. Using debt the "right" way — to fund a business can be a great move assuming you really know what you're doing; but at the same time it's should be essential to pay your sort of "bad debts" as soon as possible — you know, student loans and stuff because of the interest.

Yes, that's what I said:

With both systems you can build wealth...

But it wasn't the main thing I was asking in this thread. I'm asking more about the role of giving or donating, especially on a regular basis, and the effect it may have on one's personal finances and life in general.
3700  Economy / Reputation / Re: Announce your rank up, merit or any achievements that makes you feel great! on: March 26, 2022, 12:15:40 PM
There's nothing particularly wrong with it, but I've always viewed such threads with a jaded eye.  For one thing, it gives me an icky feeling when I see someone tooting their own horn, and for another I think most of these "I ranked up!" threads are a form of merit-phishing (and they usually succeed, too).

I agree 100% with this.

What I'm not so sure about the BitcoinGirl.Club initiative is that it will succeed. Some members may publish their achievements in that thread, but I'm sure some others will not.

Let's see for example that on this very board we have a recent example of a thread about plagiarism:

Another account spotted for plagiarism!

when there is a thread specifically for that created by LoyceV in meta.

I guess creating your own thread instead of putting the achievements or plagiarism reports in another centralized one, tends to reap more merits, and somehow people know that. That's why I say that I doubt that the initiative will succeed.
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