|
new rules things are rapidly changing all over the world, new rules new regulations, random enforcement
selective laws, depending on the whim
new software, foreign versus domestic transfer
cozy relationship of your bank and the IRS
I know in recent year its been the credit unions getting the pinch, they used to be immune from the DHS bullshit, now they got the heat on them,
Note all this shit is designed to eliminate exit points of bitcoin that don't play along with the IRS tax collectors random demands, this is why COINBASE handed over all data to IRS so they could MINE ( deep learning ) all coinbase customers, if u haven't gotten an IRS letter or visit yet, don't worry u will,
|
|
|
|
I can only think of two scenarios at this point 1.) that china-russia are in on the NSA cash-less NWO deal 2.) that traitors in both CHINA&RUSSIA have co-opted the country's and enabled fellow traitors to get rich, let's hope that PUTIN does what he did to the traitor oil billionaires, puts them all in prison; china too could just be giving these people enough NSA-CIA rope to hang themselves So long as little people aren't being hurt, so long as morons are losing their money, why would a GOV care? CHINA quickly shutdown the ICO-TOKEN scam, and it got forwarded to RUSSIA, where its lasted a longer time, Russia is more tolerant of stealing from grandma&grandpa than china. .. easy for us crypto-ppl to think 'all is crypto' but fact is in asia, majority have never even heard of crypto, wrap your head around that, so it may be just too early for china-russia to do anything, on the other hand, BTC only becomes useful when US dollar collapses, and that is a wait&see, and china-russia OWN the keys they are the ppl who will pull the plug on the petro-dollar at their choosing, that may be wen the pull the plug on BTC, easy to do, U think China/Russia GOV crypto ppl can't break ecdsa? Given China has worlds best computers, ... anytime they want  |
|
|
|
ETH AND BTC ARE DIGITAL COIN AMBASSADOR THEN WHY OTHER COINS ARE ALSO IN RUNNING?  ETH is a scam, of the 4.8Million outstand, 3.5 Million were premined, that means that 80% of ETH is owned by two assholes BTC is NSA, first is always best, until something comes along and knocks #1 down, I like ZenCash, I think the best is bitcoin-z, its equihash, 100% non-premined,... But all cryptos to date suck dick, as they're not anonymous; even monero is faux anonymous, and all z-coins are Israel backdoor |
|
|
|
Nice Conspiracy Theory.
I'm a fan of some, they give a lot of connect-the-dots information that's more entertaining than Disney movies.
Come to think of it, that "New World Order" doesn't sound that bad.
Look at the world now: Men are good? Just close your eyes!
The "New World Order" as sold by BUSH/Rockefeller since 1950's is HITLERS plans for the New Europe, only problem is Same Rockefeller/Bush brought HITLER to power in 1920's and wrote the plans, but he lost, but they won, so plans get implemented in USA, and then entire world. Conspiracy was invented by CIA in 1976 to discredit ppl who told the truth, There are no good men, there are no good NSA strawmen who give out free bitcoin software, even if there name is NAkamota-Satoshi; Probably the most clever thing they did (NSA) was giving BITCOIN an anonymous ASIAN name, shit Geller, or Einstein, why not Jewish? Why not a pollack? Why not a Mormon(NSA), nope NSA-CIA had to create a Japanese strawman who was a liberatarian-anarchist, take that to the bank. .. "Germans lost WW2, Nazi's Won" AshkeNazis then & now were always in power In CHINA the entire town of millions in XIAN are all AshKenazi, silk-road is 4,000 years old; Is CHINA-Russia-CIA-NSA tied together? Is bitcoin the next cash-less feel good 'good jew, bad goy' society? |
|
|
|
There are indeed many speculators in the cryptocurrency market. These speculators then choose to leave the cryptocurrency market when prices fall.
In china they call 'bitcoin mining' a lottery, where miners win free lottery tickets, the problem of course is that miners are very hard to obtain, just like 'free electricity' you must be political connected, like the guy above who say's BITCOIN & POLITICS must be separate, I say bullshit In CHINA BITCOIN is 100% poltics, richest top ten ppl in CHINA are all alibaba/internet/asic bitcoin intertwined billionaires, majority little ppl, don't have a clue, and GOV officials are being paid off OMERTA as always |
|
|
|
Perhaps only after the truth has happened will everyone really understand the inside. There are too many political factors involved in this, as an ordinary investor, we certainly want digital money to really improve the community development. I hope that this year, Japan, Korea and China's digital money rush is only a part of development. They do not want to be interfered by politics. If there is an insider, they will be hurt only by ordinary investors.
Seriously, you cannot say crypto and 'investment' in a equal breath, investment means scam ICO coins in china, which are already banned, buying is not an investment, its a means to get HARD-CURRENCY yuan out of china and into real-estate in new-zealand or AUS ALL is politics, Mao said all political power comes from a "GUN", the NSA-CIA knows that all political power comes from MURDER. To suggest that investment, and community development is synonymous with BITCOIN is ludicrous, the only thing going on is little people are being robbed by bandits promising easy wealth, This is like Israel selling BTC to Palestine mother's and telling them that they're investing in their childrens health, all the while Israel drops phosphorous bombs on Palestine. At best BITCOIN is a means so that rich asians can get their money OUT of china, which is now limited to $50K USD per day, so a rich person who wanted to move out say $100 MILLION would take a long time, but with BTC it would be doable to move say $1M USD/day abroad. |
|
|
|
I am disappointed. I tried to wire money to Coinbase today from my bank. They put the wire through and then a couple hours later called me to say it was denied. The company that does the transfers kicked it out because it was crypto currency related. I don’t see what it even matters to them. All they had to do was transfer the money in my account. I can only guess that they feel like it’s a gateway for illegal activity or something like that. It just shows we have a little ways to go yet before BTC is really accepted.
Shit U think U have trouble, 3 months ago my bank kicked back my antminer order from bitmain, I had finally got orders for s-9, l-3, d-3 all approved, bank sent email that money sent, then 3 days later bank sent email that transaction closed, called bank and they said you can't use your money to buy mining equipment in hong-kong, wait what? I said fuck it, ...I could buy btc and sell it to bitmain for HW, but I prefer to get rid of my fucking USA/USD fiat that has no future, ... but wait they have something else in mind, It's already here folks, ... and its hard to exit Long ago, this used to be our money, and a wire was a wire, now days, u do a foreign wire and some jackass at DHS has 1-3 days to find a 'money laundering vector' in your transaction, I guess U could have your own HK account, but wait, can't do that anymore as FATCA (USA) doesn't allow us to have offshore accounts, but wait I can't send MY MONEY to a foreign account either, ... hmmm It's for the best the antminer shit is nice, but GPU's are much easier to obtain, just pay cash and be done *** Oh, and one last thing I told the bank I was buying a very special PC ( personal computer ) from HK, but they knew exactly what I was buying, they had already been told that chinese account in HK, was linked to bitcoin asic-hw firms in CHINA, so the next question is do I have to get a fuciing permit from homeland security to buy this bitch? Where is the approval process? NADA, last thing I want is to get permission from IRS to be a bitcoin miner. |
|
|
|
What gives about western mental midgets feeding the Chinese casino with their cash? ( USD )?? I set my miner fee's to zero, run bitcoin-cli to do the transaction and move 0.001, which is what $15?, and there are no fee's, I suspect the biggest problem is people are using exchanges, or traders are letting their trading-house expedite the fee, your transaction will always eventually get through, U can transfer for zero fee, if you patient Then again, if your day-trading BTC, then please pay $30 USD feed for that $100 trade, and let's clean the house of all these day traders If your day-trading BTC, then you deserve to get screwed and pay 30% transaction fee's for your nickel trades, the exchanges and miners getting these fee's are laughing their asses off in china Remember all fee's go to miners, and all miners are in china *** I don't see many think this was coming, but what BTC has transpired to, is instead of NSA attempt to destroy ASIAN economy, it really sinks off wealth in USA as miner-fees get sent to CHINA for all these day-trading idiots in USA, Probably why AUSTRAILIA has clamped down on this shit, to save its own hairlips from bankruptcy; It must really piss off the tribe that owns AUS, to see the tax-cattle wealth flowing to china, ... |
|
|
|
You can also go with a lower miners fee that are recommended and hope that the transaction would be confirmed. It has worked for me in the past, but it is not recommended if you are in a hurry to get your money transfered or if you have to pay for something. https://bitcoinfees.info/Must be trading or something?? WHat gives? I set my miner fee's to zero, run bitcoin-cli to do the transaction and move 0.001, which is what $15?, and there are no fee's, I suspect the biggest problem is people are using exchanges, or traders are letting their trading-house expedite the fee, your transaction will always eventually get through, U can transfer for zero fee, if you patient Then again, if your day-trading BTC, then please pay $30 USD feed for that $100 trade, and let's clean the house of all these day traders If your day-trading BTC, then you deserve to get screwed and pay 30% transaction fee's for your nickel trades, the exchanges and miners getting these fee's are laughing their asses off in china Remember all fee's go to miners, and all miners are in china |
|
|
|
|
USA ppl don't have any money, so they're out of the question,
The USA is going bust, but they want to destroy the economy's of Russia, China, Japan, Korea, and all ASIA first, so that the USA only man standing, even though the USA is a zombie,
Given that the goal of BTC is to get Russian, Japan, Chinese people to take their GOOD MONEY and transfer it to USA by buying BTC, which is still monopoly owned by NSA, given they're the original owner of all the pristine COIN. There $3 billion USD value of BTC could be taken off the table anytime NSA wishes, perhaps they're moving towards Trillions of ASIA money.
This could explain why AUSTRALIA is moving their people out of BTC, they know, and ASIANS are banned from AUS, so it would be clear that AUS wants to protect its white hairlip communits from the coming BTC collapse. ( coming in 1-2 years, when BTC is cracked and/or breaks )
BTC has gone a lot farther than most would have expected, say north of $20K USD, but most of this growth has been KOREA, and USA constant saber rattling in So/No Korea, and causing people to shift their wealth
..
It just doesn't make sense that CHINA, RUSSIA, JAPAN have not invested in their own serious crypto-currency we pretty much know that all these country's are under BIS-SWISS/TE-AVIV banking cartel, thus BTC could have been signed off as the door to cash-less money, ASIAN never trusted paper money, crypto is new for them, they trust gold, and this explains the constant bullshit about bitcoin-gold, which has gone no-where.
...
NO DOUBT that BTC is NSA, Satoshi Nakamoto is not a real person, its an asia character to make asian's think its from one of their own, funny all faces of CORE on the original team are all cia,nsa cryptographers quite white.
...
Given ASIA has not banned BTC, given they have not offered an ALT, one must ASSUME that they are in on the SCAM to convert people over to a cash-less one world gov, this makes since, given that PUTIN, XI, TRUMP are all kissing each others ass in public, they're all brother in arms for the coming 'new world order'
...
Most of this stuff is not nationalistic,and lots of people in CHINA don't support USA or Taiwan, most chinese HATE Japan, bringing everybody together cuz everybody is getting rich in BTC is highly suspicious,
Normal USA method is promise to all, but break promises to all, people like PUTIN know the USA game, but what does he care, knowing that all who play along become BILLIONAIRES.
Lot's of people in GOV in agency, who play along with this CIA-NSA scam, are traitors to there own country, this is why so many country's other than SINGAPORE/HONGKONG that are not legacy UK-CIA safe-houses are not going along, the banks of course are ALL london-telaviv, so they do as told.
The ONLY redeeming quality of BTC is that it knows no borders, and if you buy pristine COIN, then your anonymous, sadly 99% of the people who play, don't have a clue what they're buying.
It's all a short term game, certainly when the PETRO-DOLLAR collapses, there will be a reset, and BTC may be a lifeboat, but the liquidation of BTC will be RAPID, as it has NO long term life support characteristics, at this point its old code, using old NSA algos that are dated.
|
|
|
|
I think,Bitcoin compared with gold, not long enough, not after the baptism of time, so not enough gold stability.
GOLD has been traded by mankind, +100K years, BITCOIN has been scammed and front ran by scammers for about six years, Gold is forever, BITCOIN maybe 12 years tops, unless there is a total re-write and upgrade of all crypto-algos used, and not using NSA ever again, If U want to get rich in CRYPTO, then clone your own BTC, and pump&dump it, just like all the other parasites do in the BTC-ALT community. Nobody get's rich in GOLD, its like buying insurance, only get a payout if the shit hits the fan, and most of the time the shit don't hit the fan, and if it does, you really don't want to be there, |
|
|
|
Anyone can mine Bitcoin, you don't need to be Chinese. Just buy an ASICS rig. There is no premium for newly mined coins - most are quickly sold on an exchange for fiat.
do ppl here really think that pool mining is anonymous? Hell they log your IP, they know who U R, you mine on a POOL and they own you,.. that is 2nd tier earned btc at best, but they co-mingle and could have very well paid out on 3rd teir coin for your payout for your mining share The only mining of BTC that is ANONYMOUS is solo-mining, but to solo-mine BTC you would need to have 100's if not 1,000's of S9 ant-miners, as current difficulty is YEARS per miner; So given that there is only pool mining, then you are owned, unless your rich enough to buy a pristine coin, or you can own your own mining farm in CHINA Even buying 1,000's of ANT s-9 is problematic, ever tried to buy just one? It's like a lottery when they sell that shit |
|
|
|
There has been a lot of speculation about the amount of gold . A lot of information out there states that there is much more gold bought and sold ( in market) that there have been ever mined. This is not entirely speculation in my mind because actually a lot of banks havent shown any proof of their allegedly gold reserves for decades. If this is true no token nor no financial instrument can actually represent the actual gold amount.
That being said if there was an exact number ,weight of gold that is represented by some token or other finacial instrument who would we trust to scale it? I think noone could be trusted in such situation but on other hand we all know the BTC amount and it can be changed. Thus the advantage over gold and your proposed solution.
This is a really good point. One cannot easily verify the gold holdings of banks. But the bitcoin ledger is perfect and knowable by all at any time. GOLD is well established you don't HOLD it you don't own it, ... BTC is same, you don't hold the private-key, you don't own it, Problem with BTC is also that if somebody else can 'guess' your private key, then now it has a new owner, and there is not SHIT U can do about it, ... With GOLD, U can hide it on MTN ( or out in desert with GPS), where no authority could/would ever guess you could/would hide it, with BTC, all it takes a serious party to target your account and its GONE |
|
|
|
I think come will come bitcoin is more value than gold. Bitcoin is a digital then gold is you need find it to the mountain so hard. Meaning bitcoin is more convenient than gold.
Well if you hide GOLD really well, then it can NEVER be stolen, hide it where gov never think to look with their TECH But BTC, if you use an exchange or wallet, I can steal your btc, If I know your address, or public, I can steal your bTc GOLD is big and heavy, so you can't move it around, that is the negative, GOLD has a 100K year old human love affair, BTC is code that his a 10 year hack, that could collapse tomorrow Short term BTC ok, long term GOLD good, problem is you need to MOVE during civil war, how to bring your gold? Can't hide it anymore modern tech can find your gold, ... Biggest problem with BITCOIN I can see in this forum is that 99% of the people are idiots, and have no idea how weak BITCOIN is, as a software system, and as a collection of old/weak crypto algos. |
|
|
|
https://www.zerohedge.com/news/2018-01-02/everything-you-need-know-about-blockchain-were-too-embarrassed-askIt's an interesting question. USA is broke, CHINA/RUSSIA are rich, their money is real, and they have lots of gold USA ppl are parasites, and usa is heading to a civil war So what does USA do? They create the biggest PONZI "TULIP MANIA" in human history, and get chinese/japan/korea/russian ppl to spend all their real money on SHITCOIN, of course the majority of BTC is still held PRISTINE by NSA, just like Ripple, just like Ethereum, Then at some point NSA/CIA pull the plug, and competitors of USA collapse, not a bad plan, Is the rulers of CHINA/RUSSIA this stupid? Why have CHINA & RUSSIA not created their own BTC clones that supersede the wealth of USA's? BITCOIN Sure CHINA mines BTC, but that has been the plan all along, cheap electricity, ASIC lead in China, a well engineered home grown trojan-horse, and make a few ppl rich, in order to promote the ponzi Sounds plausible WE know NSA created BITCOIN, we know they don't want the USA ppl to touch it, tax it hard, we know its wild-west bitcoin in asia/russia/east-europe, all the places USA wants to destroy
|
|
|
|
Anyone can mine Bitcoin, you don't need to be Chinese. Just buy an ASICS rig. There is no premium for newly mined coins - most are quickly sold on an exchange for fiat.
Anyone? Anyone can buy an Antminer s-9, and earn $6/day, at that rate, its what 3 years ( 14GHS/Day/Year ) to be the anyone, and know you can't solo mine a block, you must do a POOL which means its a record, a public record that you mined, I think if you had a 1,000 S-9's, and a farm in CHINA, then U might have a slight chance of solo-mining a BTC block I'm talking pristine, where there are NO records other than the COINBASE record ( birth of new BTC block ), but no record otherwise to trace, this shit has real value, and being a moron, or ignoramous about the way btc works doesn't change this fact, |
|
|
|
lolwut
anybody want to buy hot btc's for 50% of face value? |
|
|
|
The government of US are too naive. What gives them the right to tax a currency that is not decentralized? Also people earning coins work hard for it and they consume time and electricity. Both of which are already taxed by the government itself. I think these taxes must only be applied to investors of the cryptocurrency market.
The USA is owned by ISRAEL, since they killed JFK in 1963, the USA is citizen is a tax-cow to be taxed, and grazed. Nobody gave Israel the right, they have the right cuz GOY are cattle to raped, robbed, and sheered, BEEN this way forever. They created FATCA, effective since 2009, all off-shore accounts including BTC exchanges must be reported yearly, failure to report means that U owe IRS up to 300% of account balance, which means they seize all your wealth in USA, and upon return to USA they put u in prison. If you live in USA, and they catch you ( because you have something mailed to your house from abroad ), then they can take everything you own, for failure to report the offshore accounts ** COINBASE is owned by IRS-USA, if you live in USA, u may as well just play the game by their rules, otherwise they will castrate u, and you will be caught, IRS has more agents working abroad looking for these accounts, than they have agents on USA soil, even china&russia has IRS field offices all over the country looking for USA citizens under the radar, To escape, means you go to a 3rd world country, and bank off the grid, far from any city, my finding is that IRS field agents rarely venture more than 50 km from the home office, as say in china, they don't have armed swat teams to come with them |
|
|
|
So how is every one handling taxes?
I have some questions.
Is it legitimate to consider all coin-to-coin trades as like-kind exchanges for 2017 and therefore not taxable? It seems even tax professionals have no idea as I see articles saying yes and articles saying no.
Also, using FIFO accounting, does this apply to coins across addresses? Like say I have 10 Bitcoin in Coinbase, but earlier in the year I sent 1 BTC to an exchange and have been trading with that a lot (total volume of trades being far above 10 BTC). Does FIFO apply across accounts? So when I trade that 1 BTC the first time my sell price after the trade minus my original buy on Coinbase for my first Bitcoin would give me my profit...but then the next time I trade that 1 BTC + profits, for tax purposes do I count the original value of that trade as the second Bitcoin I bought on Coinbase earlier in the year (FIFO operating at the person-level instead of the account-level) or do I just use the value of the BTC that I'm trading at the time I make the trade as the initial value of the trade, since the BTC in my Coinbase account and my exchange account are clearly separate Bitcoins.
For 2017 Tax Year and previous years, I would treat all trades between crypto as like of kind exchanges , so no tax due until cashing out to fiat. In 2018 Tax year and beyond, I would move all trading to a Non-US Exchange and do normal trading there , only bringing crypto into and out of US exchanges when I needed to Cash out or send money to the overseas exchanges to keep it simple. US Tax Law states no US citizen has to pay tax on earnings overseas less than $90,000. So do the bulk of your trading overseas so you don't get unnecessary taxed. Trade earning less than $90,000 and you owe uncle sam Nothing. Tax mongers, really don't seem to comprehend Crypto is Global , get mistreated in one country move it to another. If you do really well, you can always move to another country and cash out there. And if you really like the other countries and decide to emigrate, you can always give up your US Citizenship so the asshats can't tax you anymore. ╥Aztek As a resident of more than six months a year, can you have a $90k of INCOME ( from working ) tax free, but you got FATCA, which means you must declare to CHICAGO every-year about every BANK in the world or exchange the you have your wealth as a USA citizen, failure to fail yearly FATCA reports means that they can have IRS make claim of 200% of your Wealth as taxable by IRS, which means should you have any bank or property in USA then its goes to LIEN and you lose all Nobody on earth who is a USA citizen escapes UNCLE-SAM, USA is only country on earth that does this to its citizens, These days no country on earth will open a bank-account to a USA citizen, just a pain in the ass. The current price to give up your USA citizenship is now astronomic so that game is OVER, no exit but death |
|
|
|
AUSSIE is a laboratory for world-zionism, they can control AUS from tel-aviv, more than they control USA, its probably easier to control/test the AUS public, and corral them into centrailized gov-kosher btc exchanges, and move to a cash-less society ZION dis-armed the AUS public, so now taking their money will be easy one Banks, Western Union and Interac eTransfer with Localbitcoins.
If Banks are the enemy why is the world pumping up the scam coin called Ripple then ?
Don't fake ideology people.. live it !
ZIONISM hates competition, besides ripple can let you enter the bank by other means, because ripple is used by 'legitimate' companys you use them as your ingress/egress to btc, then you would be kosher with the bank, Just like MARIJUANA in usa, at first any pot shop ( legal ) couldn't have a bank account, ... Zionist banks are picking and choosing the friendly exchanges they want to corral people into, Most likely some exchanges in AUS were not be friendly with AUS tax collecting authority, so they call bank, and tell them that exchange is used by laundering ppl. Same with coinbase in USA, they have been licking the balls of IRS since day-one, so in soon future, you will see all exchanges in AUS that survive lick balls of tax authoritys .. All of this is bullshit, cuz original bitcoin, you met in public and traded for cash, go back to old days ppl, return to our roots Fuck exchanges, fuck 3rd party wallets, ... all this is designed to rob u, of your btc |
|
|
|
|
Show Posts
