They are considered an investment and are subject to capital gains tax.
Any official confirmation on this? I'm thinking of sending an email to these guys just to be sure.
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lol It'll be back up again, trust me I'm talking about long term though, after the crash there was a massive sell off.
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Easily, he'd just have to keep a low profile, that's why a lot of governments are so scared of it.
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you can invest on loans of others at btcjam
That's actually a fantastic idea, I haven't seen what BTCJam is like before so I might actually try it out if you can do things with that much money
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go to SatoshiDice and run it up like a balla. For the love of god don't gamble it lol Well unfortunately right now 0.01 Bitcoins is barely worth anything, I'm convinced that those free Bitcoin sites are designed to farm peoples' addresses like how everyone nowadays is trying to get your email addresses for advertising/hacking purposes. Honestly, I'd work on getting a skill set that people will value which you can use on the internet and do stuff for Bitcoins, Mining and those free sites is very tedious work for very small payouts. Unless you have an ASIC right now you probably won't be able to make 0.1 BTC a day soon enough even with a good graphics card and the payout just isn't worth it for how much damage it will do to your computer.
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I'm genuinely surprised hardly anyone has hit the 100,000 Bitcoin mark yet, it must be because there still aren't a lot of Bitcoin businesses about, then again, the real richest Bitcoin users may have smartly hidden their addresses from public view or switched computers etc. to prevent the larger amounts being found.
The top 100 addresses can belong to the same person for all we know. You cannot hide an address from public view and you can just as easily split your funds to hundrends of them. That's what I do and what I'm planning to do to be honest, it's a bit like with Bittorrent where you find safety in numbers, that and a good VPN as well as a laptop
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Did you wait longer than five seconds? The impatience of some people here is astounding.
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Considering how Gold and Silver has risen lately I'd disagree but of course there are other factors besides inflation that causes prices to rise like speculation but they can only do so much depending on how much they have to speculate with and it's scarcity. I just find it interesting, particularly, I'd like to see whether the BTC/USD price will keep on rising and then suddenly crash or it will just keep going the way of the Zimbabwean Dollar and whether the counterparts to the dollar like the pound or the euro will go the same way either. Yes, selling things does seem to be difficult but the market is small and there are lots of newbies poking around and I see more and more businesses opening up so as the paper currencies get worse things will likely get better for Bitcoin, I'd just rather place my bets on the thing that's worth $34 than save up and waste all that time just to get something that's worth several fractions of that.
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I'd say BitcoinAshley is pretty much right, Bitcoin also appeals to Anarchism as well in a way I think but the thing about Bitcoin that doesn't make it Anarchist as it's still governed by Math as opposed to politicians which to me makes far more sense for something that is based on numbers to begin with.
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Free Market goodness
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I sense fear and desperation
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Ugh, I can't understand parents sometimes, the worst part is when they drag kids who really don't want to be there to the Supermarket, if they're old enough to have opinions about how boring something is they're probably old enough to learn things like how to cook for themselves so they can stay at home.
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Sounds about right, good thing I'm holding Bitcoin, now I just need to get some gold and silver
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If you're like me and you can't help but look at the markets and everything just to see what's going on and why things are the way they are in our economies you'll have noticed that because of Bitcoins recent rise in value those merchants who have bothered to adjust for the rise have lowered their prices. What this does simply confirms the suspicions I had about inflationary currencies all along except before I didn't have any life examples to go by aside from very localised examples like the technology sector or Switzerland. What's even more interesting though, is the way that the supporters of are current systems or people who just don't understand how economics work ( likely both ) are screaming to the world about how it's going to become too 'expensive' if Bitcoin keeps rising and things of that nature, honestly, I can't vouch for accuracy because I think It's bullshit and that tends to just filter through my brain without thinking, I honestly don't pay attention much to people like that who don't give reasoning in their statements. The reason it is bullshit is because Bitcoin itself and products that are sold only through Bitcoin are only expensive for people who deal in paper money, for people who want to deal only in Bitcoin, everything just keeps getting cheaper, this is how deflationary currencies work, you work for less hours for more, you gain more for less. If anything, this shows up inflationary currencies for what they are and I believe they're merely a scheme to force people to keep working for as little and for as long as possible. Why do you think the Federal Reserve drummed out gold and silver as an official part of the American currency? It was making them look bad and showing how inflationary paper was, it's probably going to happen with Bitcoin but I doubt they'll be able to stop it any more than Hollywood stopped Bittorrent. If things are getting too expensive for you Bitcoin wise, then maybe you should consider trading goods for Bitcoins rather than just speculating with paper money I suspect it's going to get even more expensive soon for the paper bugs
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r4DpNXFTohg1hgBKxrYv8YBtahKNAALjeH
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Yeah, what are you? Congress? TROLOLOLOLOOLOL
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HAHAH! The artists are seeing the pros of Bitcoin!
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May I kindly suggest you read the thread again ? I figured as much you'd give this kind of response, anonymity protects everyone, not just criminals and scammers, if you take that away then you're just going back to the same route that governments want. Scammers are being ousted these days without the need for private investigators poking into everyones computers or private lives, it's unnecessary, if people get scammed etc. they'll warn everyone about it as they have done on these boards, if the people who are stupid enough to trust them again give them their money then they're stupid. I've had enough of people who think they can justify spying on everyone just to catch a select few.
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I'm genuinely surprised hardly anyone has hit the 100,000 Bitcoin mark yet, it must be because there still aren't a lot of Bitcoin businesses about, then again, the real richest Bitcoin users may have smartly hidden their addresses from public view or switched computers etc. to prevent the larger amounts being found.
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These somethingawful guys remind me a lot of politicians, they'll attack something or talk about it but never go into any specifics or basic arithmetic, I think if I ever vote again I'm going to vote for a candidate that is capable of talking about the basic multiplication and addition, in fact, that might be the deciding factor on whether I have a debate with anyone at all now.
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