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3921  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: November 17, 2019, 10:12:14 PM
Apparently all McDonalds in India serves halal burgers, and indians don't like that so they are boycotting McD, at least according to a Swedish newspaper.

"All our restaurants have HALAL certificates. You can ask the respective restaurant Managers to show you the certificate for your satisfaction and confirmation. (2/2)


ਪੰਜਾਬੀ
@HasdaaPunjab
Go To Hell, then. We Hindus only have JHATKA MEAT, Will educate others as well to not have any Non Veg Food From your chain. If you not want to end up like ZOMATO, ensure that JHATKA MEAT is served. Else, embrace for Financial Loss. https://twitter.com/mcdonaldsindia/status/1164584030647377920?s=19 …"

Now, my question to you Indians here is: what the hell is ZOMATO and JHATKA MEAT?


source: google search

ZOMATO- a global restaurant chain, probably failed in India
JHATKA-when animal is killed by a single stroke..never knew about it...maybe from a particular religious point of view.
3922  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: November 17, 2019, 09:30:13 PM
Sorry to distract ya'll from an apparent dick measuring contest...

What's your take on perpetual trusts?
Here is Guardian's:
https://www.theguardian.com/world/2019/nov/14/the-great-american-tax-haven-why-the-super-rich-love-south-dakota-trust-laws

I think that this would be relevant to bitcoin later on.
There are lots of "golden nuggets" in this article.
The main conclusion is that we might be changing the society by allowing perpetual trusts (details in the article).


This golden nugget is relevant to some US bitcoiners right now. How many will be moving to South Dakota before cashing out to avoid capital gains tax?

https://www.theguardian.com/world/2019/nov/14/the-great-american-tax-haven-why-the-super-rich-love-south-dakota-trust-laws

Quote
South Dakota has no income tax, no inheritance tax and no capital gains tax

The perpetual trusts thing seems a massive deal, and probably will be relevant to Bitcoin later on.

Well, hold your horses, there are still federal taxes, including capital gains tax. It's not written very clearly.
The only no cap gains tax for US citizens is the Puerto-Rico deal, but it is only until 2035 and only on cap gains AFTER you domesticated/moved your assets there.
Plus, you HAVE to reside there 183 days/year.


Yes but federal taxes don’t apply to offshore assets owned by foreigners. This is about tax rorts for foreigners, not Yanks

True, I was looking at it from the US perspective.
However, the deal is better for non-US citizens.
Oh well, it's almost always the case  Sad
3923  Bitcoin / Hardware / Re: Special thread concerning bitmains coupons refunds discounts. on: November 17, 2019, 08:43:05 PM
Have you actually tried that and got it to work ?

Yes, I got $480 off of $1599 S17pro (using $368+$150 coupons combo, "lost" $38 from the max benefit). I should have used 150+150+172 instead, though.

Once you are presented with an order window where you can also see your coupons, click (or mouse over) a small question mark by the word "Coupons", a secondary window (in yellow) would pop up.
The detailed explanation is there, but basically, you can use multiple coupons (up to max, which is 30% of the listed miner price) AS LONG as coupons are of the same type ("order" OR "sale" or "rebate").
The type of coupon is written on the body of coupon itself.
Happy mining!
3924  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: November 17, 2019, 06:51:52 PM
An interesting analysis of the price dynamics before and after halving:

https://coinsavage.com/content/2019/09/bitcoin-halving-everything-you-need-to-know/

halving is coming,
but am I fully prepared
to trust the patterns?


looking at these charts,
it is nothing but a dream
that might come calling
3925  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: November 17, 2019, 04:17:34 AM
Sorry to distract ya'll from an apparent dick measuring contest...

What's your take on perpetual trusts?
Here is Guardian's:
https://www.theguardian.com/world/2019/nov/14/the-great-american-tax-haven-why-the-super-rich-love-south-dakota-trust-laws

I think that this would be relevant to bitcoin later on.
There are lots of "golden nuggets" in this article.
The main conclusion is that we might be changing the society by allowing perpetual trusts (details in the article).


This golden nugget is relevant to some US bitcoiners right now. How many will be moving to South Dakota before cashing out to avoid capital gains tax?

https://www.theguardian.com/world/2019/nov/14/the-great-american-tax-haven-why-the-super-rich-love-south-dakota-trust-laws

Quote
South Dakota has no income tax, no inheritance tax and no capital gains tax

The perpetual trusts thing seems a massive deal, and probably will be relevant to Bitcoin later on.

Well, hold your horses, there are still federal taxes, including capital gains tax. It's not written very clearly.
The only no cap gains tax for US citizens is the Puerto-Rico deal, but it is only until 2035 and only on cap gains AFTER you domesticated/moved your assets there.
Plus, you HAVE to reside there 183 days/year.


That explains why nobody has already suggested South Dakota.

I read about the pros and cons of the Puerto-Rico deal here. Like you say, it's complicated.

https://cointelegraph.com/news/are-tax-moves-to-puerto-rico-worth-it-for-crypto-holders

I thought there was a tax in Puerto Rico has a 10.5% sales tax https://www.avalara.com/taxrates/en/state-rates/puerto-rico.html

https://en.m.wikipedia.org/wiki/Taxation_in_Puerto_Rico

Still confused about if/how or if you pay any Commenwealth Taxes or Provencial Taxes on top of the above.


That's a very confusing article.
Maybe read this one instead:
https://prbusinesslink.com/act-22/

Personally, I am too lazy and set in my ways to uproot myself, but there are a bunch of youtube videos that describe the experience.
3926  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: November 16, 2019, 09:50:05 PM

8/8 (from bottom/from left)
 Grin

I don't know what words like "solvent", "believe" and "expert" are doing there (no such currencies, lol)
3927  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: November 16, 2019, 09:38:59 PM
Sorry to distract ya'll from an apparent dick measuring contest...

What's your take on perpetual trusts?
Here is Guardian's:
https://www.theguardian.com/world/2019/nov/14/the-great-american-tax-haven-why-the-super-rich-love-south-dakota-trust-laws

I think that this would be relevant to bitcoin later on.
There are lots of "golden nuggets" in this article.
The main conclusion is that we might be changing the society by allowing perpetual trusts (details in the article).


This golden nugget is relevant to some US bitcoiners right now. How many will be moving to South Dakota before cashing out to avoid capital gains tax?

https://www.theguardian.com/world/2019/nov/14/the-great-american-tax-haven-why-the-super-rich-love-south-dakota-trust-laws

Quote
South Dakota has no income tax, no inheritance tax and no capital gains tax

The perpetual trusts thing seems a massive deal, and probably will be relevant to Bitcoin later on.

Well, hold your horses, there are still federal taxes, including capital gains tax. It's not written very clearly.
The only no cap gains tax for US citizens is the Puerto-Rico deal, but it is only until 2035 and only on cap gains AFTER you domesticated/moved your assets there.
Plus, you HAVE to reside there 183 days/year.
3928  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: November 16, 2019, 05:01:48 PM
Sorry to distract ya'll from an apparent dick measuring contest...

What's your take on perpetual trusts?
Here is Guardian's:
https://www.theguardian.com/world/2019/nov/14/the-great-american-tax-haven-why-the-super-rich-love-south-dakota-trust-laws

I think that this would be relevant to bitcoin later on.
There are lots of "golden nuggets" in this article.
The main conclusion is that we might be changing the society by allowing perpetual trusts (details in the article).
3929  Bitcoin / Hardware / Re: Special thread concerning bitmains coupons refunds discounts. on: November 16, 2019, 04:02:20 PM
what happens if I use 2x 368 usd on a 1599? do I get 480 usd off?

the answer is YES, providing that coupons are of the same type ("type" is written on the coupon, like "order", etc.)
3930  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: November 15, 2019, 09:23:07 PM
Well, talking about the old timers.
Jesse Livermore said that once you start counting on the market to do something specific that would allow you to buy a new house, etc, like "it would go to 100K in 18 mo", it always bites you in the proverbial ass. In 2017 NOBODY expected 20K when it was still below 1K in march or april, yet it happened.

I always expect the unexpected from the corn and try to stay humble, so stories of glorious 2021 kind of get under my skin, but I understand the desire.
As a personal confession, I, like some others here (Searing), might be less interested in what happens (price wise) after 2028 or maybe even after 2024.
The next cycle is where my corn account would either succeed or fail.

At some point man can just choose to "Chill in the Caribbean", although I might prefer something more of a temperate climate after being "roasted" for the last few decades.
Just no freaking forest fires, please.
3931  Bitcoin / Hardware / Re: Special thread concerning bitmains coupons refunds discounts. on: November 15, 2019, 08:54:14 PM
One tip (I got burned on this-mostly my fault to trust too much):

Ignore the total number of $ savings possible that Bitmain put on each miner's page, it is inaccurate (at the moment).
Instead, simply amplify the current listed price by 0.3-this is the max $ number of coupons that you can use.
I believed the posted max coupon value, so chose a wrong coupon (got dinged by $20-40, not a biggie).
Getting the exact coupon $$ right would allow you to do the optimal "combo of coupons" to use.
Also, always start with large coupons where they are applicable.

PS i hope everyone knows that you can use multiple coupons now as long as they are of the same category (like "order" coupons).
3932  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: November 15, 2019, 05:45:59 PM
No big volume, no sign of the Bargain Boyz to be found. Highly unlikely this downtrend from 14k ends till they show up and declare "cheap coins".

Coins have to be so cheap that they feel compelled to buy. Hopefully the 6ks will do the trick but we all know it could be lower. The massive volume will tell us when. It always has every other time in Bitcoin, this time is not different.

Cue the JJG "slayer you are annoying me with your downtrend stuff" even though thats what this has been since 14k for almost 5 months Wink

We all knew the pump to 14k was a minibubble and a minibear market would have to follow. I dont make the rules around here, this is Bitcoin Country.

Good news is when the mythical Bargain Boyz show up for cheap coins, that will be the last time we ever see those prices and the ride to 100k-200k can commence.  Cheesy

I suspect Bargain Boyz are still loading up on Popeyes right now but will soon turn their attention to corn if we catch their eye with some bargain sub 7k prices. 6400 would really do the trick imo.

The only problem with this logic is that you project MORE than 50% decline vs local top of 13.8.
AFAICR it never happened in the prior bull. Not a rule, but...
Maybe it is mimicking a double humped 2013? One may hope...
3933  Bitcoin / Hardware / Re: Special thread concerning bitmains coupons refunds discounts. on: November 14, 2019, 11:58:20 PM
This stuff is super confusing.

My invoices were adjusted, but I am still waiting on shipment.
If i want refund (don't care about coupons at the moment since I got a few already), then do I request it (refund) BEFORE shipping or after?
I am afraid that after, they would just give me some coupons.

BTW, what's a "credit" and how you apply "credit" to order if you want to.
3934  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: November 12, 2019, 11:04:48 PM
Seems like
@Bakkt
 is on pace to break $20m in daily volume soon as they consistently notch above $10m now.

H/t:
@BakktBot



https://twitter.com/trajanmex/status/1193942948867522560?s=20

It's not too hard to figure out. BAKKT customers need not be Bitcoiners. Look at the last day. You could sell a future contract for 9500 or so, by the chart. Well, you could buy BTC at that day's price (as low as 8775), and sell a contract, your assets and liabilities balance, you pocket money. A fair amount. With the only downside being the counterparty risk of the parent company of the mudderfukkin' New York Stock Exchange.

It's a pretty simple calculus. The only miracle is that the volume isn't higher.

You can shave some, but much less than you imply.
The cost of
nov19 8810
dec19 8902.5
jan20 8962

(8962-8810)/8810 is about 1.7% in 2 months or 10% yearly.
https://www.theice.com
3935  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: November 10, 2019, 09:09:30 PM
Congrats LFC you earned a drink for this victory Cheesy

They almost made it contested in the end.
The referee could have easily given penalty on 83rd min, with these 'unintentional' hand balls you never know.
I happen to think that it was right this time, all things considered, but i have seen the exact same situations resulting in a penalty kick, especially in international games.
A defending player in the box has got to put his arms behind the torso, otherwise you could surmise that he is preventing the ball passage even if he did not visibly move the arm toward the ball.

Re 7K (for a basic macpro), I am not doing anything that could justify this.
I used to buy pro versions of the mac, but later discovered that a regular Mac or PC are just fine for my purposes.
3936  Bitcoin / Hardware / Re: Bitmain Introduces the S17+ and T17+ on: November 10, 2019, 03:17:15 AM
it's a typical bureaucratic crawl.
FEDEX only needs it for more than $2500 items, hence the actual form does not have an asterisk there, but Bitmain forces the issue for cheaper items.

BTW, is $800 de minimis counted for the whole order, including shipping or only for the actual miner?
Much obliged.
3937  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: November 10, 2019, 02:22:11 AM
My money is on Rick to humbly ask Bob to sell some and Bob acquiescing if and when we would crawl to 11-13K.
That number (11K) seems to be a sell attractor. I also sold some around 11K in 2017 and perhaps 1.2K higher in 2019.
For newbs to have bitcoins someone has to sell.
It is just a theory...please don't throw any heavy objects my way  Grin
3938  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: November 10, 2019, 02:11:40 AM
How much must one bitcoin cost after halving to cover mining costs? Let's say in USA.

if you use the most efficient miner (S17 pro) and you use an average cost of electricity in US at 10c/kwh, then with CURRENT difficulty, you would be breaking even (without amortizing the miner) at about 9.7K/btc. Obviously, difficulty is likely to be higher in 7 months.

$9.7K already for the most efficient miner? Wow... that's higher than what I currently thought.

Of course I don't think mining farms pay nowhere near to domestic 10c/kwh but, on the other hand, they DO NEED to also amortise the machines and overhead costs or go bankrupt in the long run.


not already, the question was for "after halving". NOW half or $4.85K or so.
3939  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: November 10, 2019, 01:54:05 AM
How much must one bitcoin cost after halving to cover mining costs? Let's say in USA.

if you use the most efficient miner (S17 pro) and you use an average cost of electricity in US at 10c/kwh, then with CURRENT difficulty, you would be breaking even (without amortizing the miner) at about 9.7K/btc. Obviously, difficulty is likely to be higher in 7 months.
3940  Bitcoin / Hardware / Re: Bitmain Introduces the S17+ and T17+ on: November 10, 2019, 12:15:55 AM
Hey, what is this IMPORTER number that bitmain asks if you choose FEDEX.
If it is Social security number, then no way I would provide that to a foreign site (that lost credentials before due to the hack).
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