Yeah, I was exaggerating a little. But even 20% sux. Just giving the govt money that they didn't risk anything for, didn't earn and don't deserve to steal from you.
Depends. They pick up my garbage, maintain the roads I drive on to and from the Postal Orifice, jail people I consider criminals, and some other stuff. So there is that. And certain governments seem to be in a tax cutting give money to the rich mood so this may change..... Or start donating money to senators and legislators. They seem to like money. And booze. Also, why the hell would anyone sell bitcoin so casually, when it has the potential to double or triple in year? Or hell, in a month or two like we've seen recently? Even the best performing stocks take decades to do that. |
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China PBoC allows the miners to continue, as long as the sell/give bitcoin OTC directly to their oligarchs. In return they are allowed to mine using cheap electricity. Win win. They don't want the Chinese people to benefit from Bitcoin, only their state wealthy elite. They allow the people to have WeChat Pay for digital direct payments and believe that will suffice. That's my theory and I'm sticking to it.  |
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As a side note, eventually your bitcoin wealth becomes so great, that you can't not continue to hold it. Unless you really enjoy giving half your bitcoin net worth to the tax authorities. Which anyone who is self-made or builds wealth will tell you is idiotic.
Hm. If the Capital gains tax rate is 20% then no matter what the profit the tax will still only be 20% of it. C Yeah, I was exaggerating a little. But even 20% sux. Just giving the govt money that they didn't risk anything for, didn't earn and don't deserve to steal from you. |
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Time machine this. The halvening is only 3 years away. How many of us will still be hodling their current stash?
I will be. All permabulls will be. Anyone who sees what Bitcoin can truly become will be. As a side note, eventually your bitcoin wealth becomes so great, that you can't not continue to hold it. Unless you really enjoy giving half your bitcoin net worth to the tax authorities. Which anyone who is self-made or builds wealth will tell you is idiotic. |
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mempool spam and shitcash pump, there we go again.
Fk them. Last time I checked, the CME Group, CBOE, and the NASDAQ were not going to be trading BCash futures. Or any other shitcoin futures for that matter. |
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"I'll say $1 million by 2020, as well, easily," Altucher said Wednesday on CNBC's "Squawk Alley." "There's 15 million millionaires around the world. All their financial advisors are going to say, 'Hey, buy a bitcoin. You need some exposure.'"
"There's only going to be 21 million bitcoins minted ever in history. That's also going to drive demand," Altucher said.
Iron logic.... and who cannot afford to just HODL for a few more years? Finally someone out there gets it? Fkn miracle that. Even if we missed it by a digit, I still wouldn't be sad. And to think people are still sweating the "should I buy some now?" crap? |
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So if you ever want to know why Mark Cuban doesn't care to know about the details and particulars of Bitcoin, and likes to make knee jerk affirmations and proclamations about it, this article tells it all about his personality and style. https://www.cnbc.com/2017/12/01/quitting-this-common-bad-habit-made-mark-cuban-a-better-leader.htmlIt's the same exact attitude that people like Jim Cramer have. Other people in the room are way smarter, more educated, and do the deep research. These people are detail oriented and look at things from both a micro level and a macro, long term scale. But people like Mark don't do the research. They don't step back and look at the bigger long term picture, and can't be bothered to. Because Narcissists are like that. "There was a point in time when I was a yeller," Cuban says.
It was a phase in his 20s, he says. It taught him an important lesson about how his attitude could impact his success in the office.
"I wouldn't yell at employees, I would yell at my partner," he explains. "My partner at the time, Martin Woodall, and I would bat heads."
Woodall, a co-founder of Cuban's early computer systems venture MicroSolutions, had different ideas about the way the business should be run as it grew. Cuban describes Woodall as, "the most anal-retentive person I had ever met in my life," on his blog.
Cuban, on the other hand, wasn't. That led to disagreements.
"We could drive each other crazy," Cuban writes. "He would give me incredible amounts of s--- about how sloppy I was. I would give him the same amount back because he was so anal he was missing huge opportunities."
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Has anyone see this man?   |
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Thanks for the update. Dec 18th! What kind are ya getting? I love gadgets. |
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But... but.. tulips? Beanie babies? Mississippi swamp land? |
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If you look at that per capita, China produces half the amount of CO2 the US does per capita, and India one eighth. That should give some measure of pollution, but should be corrected for the much more high tech way that the US produces.
Don't underestimate the environmental cost of the American way of living.
Eh... I'll take my chances in the US.  |
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Source : http://www.zerohedge.com/news/2017-11-30/asymmetry-bubbles-status-quo-and-bitcoinWhat's shocking and ridiculous is that upwards of $100 billion in electricity is squandered globally annually on stand-by devices and other painfully obvious sources of waste.
But this attracts essentially zero concern or commentary.
Do you notice any asymmetry in the scrutiny being applied to the status quo and to bitcoin et al.? The status quo-- wasteful beyond measure--is just fine: nobody questions the staggering waste built into the status quo, from hundreds of millions of devices consuming electricity but doing no work to hundreds of millions of vehicles idling in traffic for hours each and every day across the globe--nope, the really big issue is bitcoin / blockchain consumption.
Does anyone question how much electricity the vast server farms of Google and Facebook consume in order to serve up adverts and store photos of puppies and kittens? And how about the energy consumed by the NSA and the dozens of National Security agencies that have proliferated over the past 16 years? How much coal gets burned to serve adverts, archive photos of puppies and kittens, and store billions of emails, phone calls to Aunt Sadie, etc. for future analysis? (Dear old Sadie could be a jihadist--ya never know...) Yep, the hypocrisy is insane. Like when all the first world countries have to adhere to things like The Paris Climate Agreement and all these overly restrictive climate and anti-pollution regulations for industry, cars, etc. Meanwhile China and India get a pass to pump out UNGODLY MASSIVE amounts of global pollution from industry and vehicles that dwarf anything that the rest of the world is doing, and no one says a word... unbelievable. |
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Goldman Sachs CEO: Something that moves 20% overnight does not look like a currency. It is a vehicle to perpetuate fraud.
To return to the Swiss, the franc appreciated 41% in less than an hour in January 2015. The whole of Switzerland must therefore be a vehicle to perpetrate fraud. Also, an overnight drop of 8% in the pound sterling, which is the fourth largest currency, is A-OK apparently. Goldman CEO still questioning if Bitcoin is a currency because "cryptocurrency" has the word currency in the name, makes me seriously question the intellect and reasoning of their CEO. He might as well have said "Something that moves 20% overnight does not look like a coin, or a bit."  |
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Hey in other news, precious metals are on sale. I'm sure that r0ach is sad.
If you ever wanted to own some, now's a good time.
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Another 4x or 10x. Talk about kicking the hornet's nest. The higher this thing climbs the more I want to go into hiding. Normals are losing their shit over this.
If you think they're losing their shit now, just wait until the halving comes... and price basically doubles within 6 months from whatever level it is at then... for what appears to be no good reason... Can you imagine bitcoin going from say $20k/btc to $40k/btc within 6-8 months? It will feel unreal. That's why people should just buy some bitcoin now, and relax for a few years while they casually buy more. |
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I just happened to pay /r/btc a brief visit. OMG *shudder*
tell us Torque, what do they talk about there? They sit around outraged and butthurt that people don't prefer sacrificing mining decentralization for $0.10 transaction fees over $0.14 transaction fees. Because, ya know, for all that high volume coffee buying that they must be doing at that one coffee shop that Roger's buddy owns. |
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I just happened to pay /r/btc a brief visit. OMG *shudder*  |
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However, there are many articles out there dissuading the public to get involved or invest in bitcoin. Perhaps this is simply the trend and writers just want to follow suit.
Or perhaps they actually have an agenda, other than trying to "protect the public"? |
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