Its possible to cash out purely in products purchased, is that taxable also. I would guess they'll just use random rules like this to confiscate and argue about it later, they are never wrong
Think of it as buying anything with anything other than money. Gold, monopoly money, trading video games... They are all tax-free exchanges of property for products and services. The only way to get a complete 360 tax on Bitcoin would be to declare it a currency unless they flip the rule books. |
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wouldnt they just pay taxes after they cash in the bitcoins?
Yes, but if you don't sell your bitcoins then there is no fiat to produce a tax from. They can't ask you for $ when you don't have any coming from the property. I think that the tax will actually promote holding bitcoin and using it to buy/pay for products and services. |
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As a hobby . . . yes. As an investment, likely not.
It is a pretty sweet hobby  Like many have said it is only potentially profitable if you beleive that a price rise is in the works. |
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The buy orders column on bter keeps changing. one minute the max is 100 then it switches to 200 with 3 times as many buy orders then it switches back.
Yes it is going crazy Someone is trying to manipulate the market maybe. Hi guys, I have some trading experience back then (stocks in Australia) and i've seen this happen all over again. Its quite easy to manipulate the price so the whales can BUY MORE. Check the total volume, its not much... in due time guys...in due time I believed in C2 because 1: no miners can DUMP 2: unlimited supply 3: real people behind it (well now I'm included!!!) / KingArbinV+Kalisto+Joel+me+others 4: Distributed to 1000 people, I'm sure they are all gone and sold at a very cheap price 5: they have plans, not a pump and dump coin, its far from that thats why I'm sticking around and try to help as much as I can Regards, n3lz0n <--This guy is still holding an initial distribution share and I don't plan on selling it. This coin has real potential to become a nice little pillar in altcoins. |
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Bonus, fee reduction, and giveaways in effect until the end of the month |
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I don't see the problem with people getting used to the denominations. Everyone does it when they switch from currency to currency. You don't even have to do any calculations when paying, anyway, because it is all digital.
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With difficulty the way it is, it's getting to the point where you can't give miners away. Especially heat producing, power sucking ones like the Cube.
I didn't even bother trying to sell my slower/inefficient miners, I'm probably just going to bin them.
If you are going to bin them I'd be glad to buy them for shipping costs |
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I remember last year scope advertised a new bacon flavored mouthwash... My mind was BLOWN |
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The Blacklist is great. They even make a Bitcoin transaction in one episode It is right up your street if you are into crime/corruption/deception/secrets and a bit of thinking and philosophy. It isn't anything extreme, they just add little gems into each episode. |
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Only place you will get ROI is in altcoins.
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Sold my Btc holdings last July to pay my rent.
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Some good newsCoinswim is back! Here is an announcement straight from the site: "For the next 30 days, use our pool and pay ZERO in fees. Zero block fees, Zero withdraw fees, Zero Fees Period. You will also receive a 100 coin bonus for every block that you crack. And as always, our 5000 coin bounty for finding any major issues with the site is always up for grabs. So get crackin!" Don't forget the monthly giveaway drawing to 1 lucky miner 
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Most people who even know about Bitcoin are just filled to the brim with the negativity that the media gives it. Only bad media about Bitcoin makes it into bigtime news and that is how it has always been. People aren't keen on big change in something that they are used to. Can you imagine how many older people will become obsolete if BTC takes over? |
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Alot of people beleive in future value. Mining Bitcoin isn't a question of profitability off of the current price anymore, but off of the beleived future price of optimists |
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I expect that miners would navigate this pretty easily considering that freshly-mined Bitcoins are completely anonymous. These also trade against other alts that are not regulated. I expect a simple solution to be found by the time the tax is even implemented.
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Going off of the above and continuing: The new Antminers are out and are 2.0gh without overclock. They only cost 33$ in the US so eat your heart out or wait for Scrypt Asics to progress a bit and even out in price. Right now is a bit of a transition point for Scrypt so I would hold off for a while on getting into the game or you could find yourself paying more for less  |
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Oh lord... I decided not to get online when the West starts April fools There won't be anything interesting other than shams. I would be excited for it, but I remembered April 1st this year, unfortunately. Last year I actually beleived that Scope (I think) came out with bacon-flavored mouthwash! |
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If I am in Amsterdam at the time then I might stop by, but I'll have to see if I have enough to actually get into the conference. Seems like it won't be a big one considering they changed the date earlier. I don't mind just going to Amsterdam, anway!
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One more thing, how anonymous is localbitcoins?
I was thinking, errantly, that I would show up with cash, and then the seller would send me coins to a QR code of my choosing.
However, it just went from their localbitcoin account to mine. So, that is easy to track, given they have my verified phone number.
I thought one advantange of localbitcoins was to pay a little extra for increased anonymity???
Don't make the account in your name?? If you have a fresh wallet address then the one that you send it to is anonymous and the trail ends with the seller. |
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If any P$ supporters want to mine at Petro.coinswim.com that would be great % profit given to 1 miner monthly and random contests |
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