We heading for another record. By the time this page is complete it'll be over two months before the next one arrives.

Hot coin.

People don't listen and they don't learn until they get a lesson rammed up them. Crypto is pure boom and bust. I'll bet plenty of hardened observers lost their shit and started plans for their paper gains in 2017 too.

It doesn't dawn on you that you've nobbled yourself until the chance to avoid it is long gone. Everyone thinks they're a genius when it's popping left, right and centre.

Arrivals now at least have the benefit of seeing what dead times are like. By the time it booms hopefully they'll know that's a time to be disciplined, not ecstatic.

Another thing to be wary of is becoming too dependent on earnings on here once you get those opportunities.

I've seen quite a few people talking about giving up their normal jobs and going 'full time' on here. If you did that in 2017 you would've thought you were set for life. A few short months later the shitcoin/ shittoken /shitfork /airdrop/ scene died on its arse and you'd have no earnings and what you had earnt would be worthless.

I've also seen people say they pay their rent with their sig campaign earnings. Sig campaigns can die after many years of successful operation without any warning at all.

Things change fast in cryptoland. Plan accordingly.

This was a UI problem and the way Robinhood feeds info to customers. The negative balance was there while his trade was active. Once it closes it would've gone away.

https://edition.cnn.com/2020/06/19/business/robinhood-suicide-alex-kearns/index.html

It's a failure on their part not to explain sophisticated instruments better to their customers. All he had to do was ask but it should've been made a whole lot clearer what was an obligation and what wasn't.

What many crypto 'traders' will have done is put whatever gain they made straight back in and many will have subsequently lost it. The moment you realise any gain is when it's taxable and you need to secure that there and then. A frenzied trader could have made tens or hundreds of taxable events every day. Each one counts.

If you don't keep on top of that then you can wind up with nothing and a tax bill that still runs in millions of dollars. I've seen a few cases of this now.

https://www.reddit.com/r/tax/comments/9tcnu8/did_i_ruin_my_life_by_trading_crypto/?sort=confidence

In this case at least they have the money to meet the debt. Many won't.

I'm not sure whether crypto to crypto trades were taxable that way in 2017, that has been clarified and they are now in the US, crypto to dollars and vice versa always were and I'll bet many ignored that too thinking it didn't count as it was nothing more than a figure on a website.

There may be capital losses you can play against it. Dunno.

Did you double check what exchange rate you got? Some of these cards have hidden spreads. I didn't notice Bitpay doing that with their Wavecrest card that I had but times and policies can change.

Nah.

Buffet has his system and beliefs which have worked for him since time immemorial. Bitcoin pisses all over how he operates and his preferences. It would be seriously off kilter if he did go all in. His position is consistent. He doesn't do gold either.

If you make a career out of one point of view you eventually make yourself totally irrelevant as you can't give it up and acknowledge what's actually happening.

Even if you're eventually proven right, if you spent all that time repeatedly calling for something that won't arrive for another few years that doesn't make you look like a genius, it makes you look lazy. Almost everyone's proven right eventually if they pound the same points over and over.

Same goes for Zerohedge, the site that predicted 200 of the last 2 recessions.

I think I went there twice.

In this day and age I doubt any newly launched forum will ever get a lasting foothold. It's not a format that many are interested in any more, they're into stuff like Telegram groups et al.

You either have to be long established already or you're toast.

And what became of the Swiss railway ticket machines thing? That's the type of penetration that's hard to beat but yet again nothing's been heard of since. I guess it's not going to occur to the average rail user, or crypto buyer, to go Bitcoin shopping at one. 

Weird little story. They're willing to attract the ire of the most vindictive government agency in the world for the sake of mad gainz that may never arrive?

They're already withdrawing crypto and have offered no reason why they can't withdraw more. If I were the IRS I'd nail them to the wall.

In future there are going to be many more cases like this. The 'I took a risk so I shouldn't have to pay tax' or 'it's on the internet so it shouldn't be taxed' crew are going to get some harsh lessons in The Man not giving a fuck about what you would like to happen vs what actually will happen.

Maybe some sort of yearly residential gathering? Lots of star jumps, branded T shirts, shouting and whipped buttocks.

I feel no sense of grandfatherly duty to less awe inspiring members. I did not look to be breast fed by anyone on arrival here and the idea of searching for a nipple to latch on to did not occur to me.

And yet druggists are everywhere and in the US they get vast sentences handed out like sweeties.

I can't imagine many people ease up and go into contented retirement. They get greedier and cockier the longer they go on. You may start off sim swapping and wind up a total degenerate. Once you get into money laundering the target on your back grows a whole lot bigger.

A Bitcoin with another 5-10x more users, which is very possible in a few years, that isn't at that price level would be absurd. Production is only going one way - down. The numbers who become aware of it and buy in are only going the opposite way. That only has one conclusion.

Four years ago, let alone five or more years ago, if you'd told everyone here we'd be bored shitless around $10,000 people would rip your knickers off and set them on fire. Humans always massively overestimate the short term and humongously underestimate the long term.

Leave one's monkey brain behind and drink in the bigger view.

I am confident Bitcoin will still be here in ten years. I'd be vastly less confident of being able to realise questionable funds ten years from now. Lord knows how good surveillance will be by then and how uptight any exchange will be. Anything of any value will have a black market but that might bid you in the balls when it becomes clear how dirty your money is.

During that time I'd have little doubt my funds would be labelled and watched closely. I'd go in smug about my little stash and emerge to find it had turned radioactive. And there's also that quantum computing thing which may mean someone has them away when you couldn't migrate and were helpless to do anything about it.

Once you get out you might have been stabbed and beaten countless times, raped a million times over, your family and friends may have abandoned you, you'll never get a job, may not be able to travel internationally and your health, both physical and psychological, may be in ruins.

$2 million for that and losing ten years of your life does not sound like a deal to me, but criminals are truly mindless people.

This is run by the biggest and oldest Bitcoin ATM network. They'll know the ins and outs and the legal manoeuvres. The biggest issue would be the utter cluelessness of the store clerk person. I would hope they've made it totally foolproof and mindless on that side.

If I had the choice of this vs some totally unfamiliar dex the latter would take more to convince me.

There've been services like this in the past like Zipzap and that one that was through French tabacs that were going to change the world. Then they were never heard of again. I'll guess this will go the same way.

There's got to be a level where KYC isn't required, and if there isn't they should establish one. In Europe you can put 250 Euros through a prepaid card before having to identify yourself.

Not to my knowledge. That's the one and only individual thread significant enough to justify that treatment. There are a few others that have thousands of posts too but many have gone off the boil years ago or they're about alts so no one can be arsed to tame them.

Here's the top threads.

The ivory tower and serious discussion sections are also sig free and were created sig free. The WO had to make that change to save it as it was starting to get on moderator nerves and it was briefly shut down before being relaunched with its own mod and no signatures. It certainly changed its characteristics and a lot of dead wood made an exit.

If I were a jurisdiction gunning to be a 'crypto haven' I would be demanding of the people who want my endorsement but I'd try to keep the fees as low as possible. We all know it's an early phase with a lot to play for still.

That means you're going to get some absolute scum who you want to deter at all costs, and future titans who you want to retain at all cost. It's quite possible the scum will have more money to throw at you.