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buddy is paving the road to riches 51k-51k-51k
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I sold some
At
48
49
50
51
52
little pieces.
so youre the guy i bought from at 49 and 51k lol you are welcome |
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Halving in 51 days, little over 7 weeks.  Stop your flatlining sideways, buddy. ... I must say I'm quite happy with flatlining at 50k+ .... as long as we don't dip around halving like every other cycle Flatlining after an increase like we just had is just the market going into accumulation mode before the next leg up. I still wouldn’t sell here. Even though everyone is expecting a dip, myself included, it isn’t worth the risk of being left out when the god candle hits. I sold some At 48 49 50 51 52 little pieces. Can now hodl til 60 k will sell three little pieces then 60k 65k 70k then hodl past 100k |
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Looking for suggestions on BTC Mining tax software.
Does anyone have experience in this space? Looking for suggestions.
Thanks! I'm confused why anyone would need specific software for this? Bitcoin mining has to be one of the most basic and simplest business models out there!? Mainly to track BTC going in & out of your wallets/accounts so you can establish a Cost Basis used to determine the Capital Gains tax due. eg you bought coins at X price and sold/spent some at Y price. If Y is larger than X you owe tax on it = to the Gain in value. Conversely if Y is lower than X you get a tax credit for the Loss in value. Thing is, any decent exchange will let you download your complete Tx history as a .cvs file that ya can import into a spreadsheet and do the same thing with just a little effort... Yes... But what you're describing is Bitcoin trading, not mining? Well if usa based and you sell any coin for any reason. you need to report its cost basis and its sell price. Ie. I point a s19 to a pool and mine all year long. cost basis can be complex. pretend you distribute 12 times a year. you would have 12 btc deposits. every one had a price when you got it. pretend last year your 12 deposits were jan 30k price giving you 300 usd in value you burned 200 in power feb 32k price giving you 320 usd in value you burned 200 in power mar 34k price giving you 340 usd in value you burned 200 in power . . dec 48k price. giving you 480 usd in value you burned 200 in power. the software will help track above. not the power but the value when you got the coin. So now you are in december you hodled the whole year. you sell all the coin at 48k well all that coin is subject to short term cap gains. I super super simplefied this as it is a lot more complicated. now if you mine and only stack and hodl. it is easier. but eventually you will do something with your coins. you will need cost basis then. |
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I got an email and they are hosting at a 100 unit limit if it is your gear.
Since i was looking to do 40 maybe 50 pieces. I am not going to use them.
I think they are legit, But I am not going to really research them so if you want to use them DYOR.
They are asic only.
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I think it's a calculated political move. He was anti-Bitcoin because he's old and because he was playing on "America First" idea, believing that it presupposes the Dollar First as well. But then, for the upcoming elections, one of his major contestants for the Republican nomination was DeSantis who made Bitcoin a major part of his campaign, linking it to the idea of freedom as minimal state intervention into processes, which is appealing to many Republicans. Now that DeSantis is out of the race, Trump needs to gather his former supporters around him, and making a milder statement about Bitcoin is a way to do it.
well if he makes some decent btc laws once he is elected good. we should know by nov if he wins. since liz warren is super anti btc maybe he will do it just to fuck with her. |
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If you are under 50. Buying btc monthly for 10 years and hodl it for 5 more.
Then at 65 it should help a lot for your retirement.
You cn have a 5x monthly dip buy. Ie if you save 400 a month dca. and BTC does a 20% dip buy 2000 in btc.
you likely will save 120 x 400 usd with the dca and catch a few dip buys.
so maybe
120 x 400 = 48,000 usd in dca
10 x 2000 = 20,000 usd in dip buys
grand total of 68,000 usd invested in a 10 year period then hodl 5 years this is a 15 year plan for people under 50
this is not advice.
If someone can use the suggestions given by you correctly then hopefully only 10 years is enough time for his life to change. But most people don't want to be a consistent investment here, they sell them when the bitcoin price goes up, they are far from long term planning. I agree with you that every success requires a long term plan that should be consistently worked out be it investment or income from elsewhere. But I've seen very few people do them and apply them in their lives. I am older 67 so a 15 year plan has very little attraction to me. I have earned maybe 250,000 usd since 2011 via mining and gear sales. Maybe 300,000 I spent as I earned because my other incomes were not high. So constant savings of coins did not become my goal. If I had hodled more and spent less I would be better off. But I also lived life got a new car every few years 2015 2018 2020 2021 went to nice restaurants. and enjoyed time with my wife. I have coin I have gear I am getting a new car in May But if I had held the cars longer did less restaurants. I would have more coins 🪙. Its always a tough call when you are older on what to spend vs hold. The younger you are hodl hodl hodl hodl is far more important . |
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op pretty much was off by huge amounts.
drop to 22k or 33k
was way way way off base.
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they appear to be real.
I sent an email asking them about hosting 50 s19's .
I will let you know how it works out.
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Bitcoin to rally more than $500k says some crypto analyst.
Bitcoin has pass $50k but for me,we need a close watch.We are expecting halving in April, looking at the daily chart we see Bitcoin moving to $67k but I expect to see retracement to $40k before any move so as to gather enough momentum.
Bitcoin has more buying pressure on it now than ever because of;
ETF approval which open room for more investors to invest and minimize there risk thereby holding more coins .
Election would also have impact on it move, because of general election coming up in over 50 countries of the world.
Inflation taking it lead.
Tension in economy of countries,etc.
But holding till September 2025 would be worth it since the bull run will last till then.
My question is who buys Bitcoin at that price..?
Will the value of Bitcoin keep increasing after then?
okay I know what I will do if it reaches 500k by 2025. Sell sell sell |
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And this is the function of running a DCA strategy because the price of Bitcoin is not easy to predict in the near future, but in the long term the price of Bitcoin will rise even if there is a decline.
We may be able to speculate the price of it but if it's about predicting it properly and accurately, one thing we can say is that it's always been unpredictable. From what I've seen over the past few years, the people who guessed correctly were pretty much right. Although it is not possible to accurately predict the price of Bitcoin, some estimates are fairly reliable. Bitcoin investors gain confidence in investing around speculation. Speculations might be right or wrong, and what people say about bitcoin price should not be taken serious. Speculations on bitcoin price has mislead some people in the sense that, they start waiting for the dip to buy at a bottom price of their own target, and most times it ends up up playing out and the will miss out, still sitting on the fence believing that the price will certain come true due to what they hear. Speculations can also give false hope to newbies, that will make them think that bitcoin is a get rich quick scheme, and they will use the money for an important aspect of their lives to buy bitcoin believing in what people told them or what they hear on T.V, and if bitcoin price did not play out that way as speculated, they will get disappointed, and sell of in loss. I am not saying that to speculate is bad, but we shouldn't put that in mind when investing, rather we should see bitcoin as a sound investment that will safe our money from inflation in the long run and also give us good profit in return as a benefit of hodli for long. If you are under 50. Buying btc monthly for 10 years and hodl it for 5 more. Then at 65 it should help a lot for your retirement. You cn have a 5x monthly dip buy. Ie if you save 400 a month dca. and BTC does a 20% dip buy 2000 in btc. you likely will save 120 x 400 usd with the dca and catch a few dip buys. so maybe 120 x 400 = 48,000 usd in dca 10 x 2000 = 20,000 usd in dip buys grand total of 68,000 usd invested in a 10 year period then hodl 5 years this is a 15 year plan for people under 50 this is not advice. |
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Come to think of it even Bitcoin has branches, have been divided into such as Bitcoin Cash, BSV and such. Its like for example religion, each branch has its followers/believers that caused these hard forks.
Bitcoin Cash, Bitcoin SV, and others are not branches of Bitcoin. To call them branches would essentially mean they are part of Bitcoin, which they are not. These altcoins are totally independent and separate from Bitcoin. They have their own blockchain. They have their own protocol. They have their own rules. They operate on their own. They are not part of Bitcoin; they are mere copies of Bitcoin, albeit not exact. They can't be compared with the different branches of economics. That is because you believe in democracy the majority rules. BTC is the majority branch. the other are minority branches. They have been outvoted. They certainly are outvoted by miners since the hash rate numbers for btc are huge. |
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There's a lot of disinformation and incorrect notions going around about the legality of Bitcoin, cryptocurrencies and digital currencies. Here is a good place to start if you want the facts about Bitcoin's legality: Legality of cryptocurrency by country or territoryWhat you can learn from is that for almost all purposes, Bitcoin (and by extension cryptocurrencies and digital currencies) are not meaningfully curtailed by government regulation on individuals. Even China's ban on Bitcoin hasn't stopped Binance from trading $90 billion per month there. Based on this, you would be hard-pressed to find a civilized country where you could be put in jail for owning or trading Bitcoin. They exist, but they amount to a tiny fraction of the world's economy. And yet in the face of these facts, a near constant refrain from many crypto enthusiasts is that the reason Bitcoin hasn't replaced the world's sovereign currencies like the USD and the Euro is because there's a conspiracy of government regulations to stop it. They can't point to how exactly this works, but more importantly, they seem to ignore the fact that Bitcoin transactions can take 30 minutes to complete and cost 30 US dollars, making the transaction unthinkable for all but a microscopic fraction of worldwide daily transactions. And while more centralized blockchain-based approaches improve this situation somewhat, they are still orders of magnitude away from the scalability necessary, and the key pair requirement for end-users is clunky and makes it hard to adopt. When I first designed the Haypenny transaction platform, my first task was to calculate the number of monetary transactions going on in the whole world on any given day, and then calculate that number for peak times of the year (e.g. Christmas), and then multiple that by a factor for the peak hours of the day, and then multiplying that by a factor of five to account for "peak-second" loads (yes, my professional background is whole-internet scale systems in case you couldn't tell  ). The number you arrive at when you do these calculations is that you'd need a system that could handle a transaction load in the signal-digit millions of transactions per second if you wanted to replace daily credit card and physical cash transactions worldwide. And you'd need to handle several hundred billion transactions a month. That is what is required for a currency to replace the current status-quo, and Bitcoin and other blockchain-based cryptocurrencies can't do it, and they can't even get close. And it should go without saying that transactions would need to cost far less than today's transactions in order to replace the status-quo: people don't make a major change to their long-held behavior unless there is a significant incentive to do so. And then there's the usage model. Not only does any new technology that replaces the exact functionality of an existing one need to be far cheaper in order to have a chance, it needs to be easier for end-users, too. Requiring every consumer to have a private key is something we've been dreaming about since about 1994 (I was there ), but its a pain in the ass that most consumers don't want to deal with. These are the reasons there is not mainstream adoption of Bitcoin for everyday payments, not some conspiracy by "the government". I am USA based I can send cash for no cost using Zelle. I do not need to use BTC for sending money in the USA. Zelle is pretty much irreversible way to send money. I use it often enough and I know I must be careful and not enter the worth info as I can lose the cash I send. Does Zelle have weaknesses yes it does. Does sending BTC have weaknesses yes it does. But If I am selling something and you pay me with Zelle I am pretty safe. So I agree with you that btc simpley is not a great way to send money/wealth. It is a very good way to get money out of a bad country or a country that becomes bad. So if you are middle class you should have some in case you need to leave your country. |
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It's always a mix of variance. down clocking , overclocking , upgrades. Power shortages. internet outages. bankrupt companies, natural disasters. Lastly government interference. To do a +8 and now a -5 is a very big swing. https://newhedge.io/terminal/bitcoin/difficulty-estimatorLatest Block: 831838 (39 minutes ago) Current Pace: 94.8541% (1247 / 1314.65 expected, 67.65 behind)Previous Difficulty: 75502165623893.72 Current Difficulty: 81725299822043.22 Next Difficulty: between 77725718433229 and 78283158240414 Next Difficulty Change: between -4.8939% and -4.2118% Previous Retarget: February 15, 2024 at 9:07 AM (+8.2423%) Next Retarget (earliest): Friday at 12:41 AM (in 5d 12h 28m 3s) Next Retarget (latest): Friday at 3:20 AM (in 5d 15h 7m 11s) Projected Epoch Length: between 14d 15h 34m 33s and 14d 18h 13m 42s I forgot to mention. cents per th. we were at 13 cents a th in December we are now at 8 cents a th some may shut down due to that. back to luck if you want to argue let jump was 3% extra luck and this jump is 3% less luck. you get .09 x .09 = 0.0081 or 1 in 120 chance. it is possible as the time period is 4 weeks x 120 = every 480 weeks which is 1 Time in 9+ years. more likely variance was +2% and then -2% Mike plug in 2% and that is more like a 1 in 4 shot. then back to back 1 in 16 shot. which is around 1 time every 64 weeks you did do a 4% which is 1 in 25 cycles so back to back it is 1 in 625 cycles So I lean to back to back 2% 1 of 16 shot. (mike can plug this in for exact number)not back to back 3% variance 1 of 120 shot not back to back 4% variance 1 of 625 shot it is simply way more likely that variance was 2% up then 2% down and cent per th dropped from 13 cents in dec to 8 cents now and retooling s19 to s21 and some under clock they are coming back strong ! Latest Block: 832042 (5 minutes ago) Current Pace: 97.6502% (1451 / 1485.92 expected, 34.92 behind)Previous Difficulty: 75502165623893.72 Current Difficulty: 81725299822043.22 Next Difficulty: between 79992421406053 and 80125865742021 Next Difficulty Change: between -2.1204% and -1.9571% Previous Retarget: February 15, 2024 at 9:07 AM (+8.2423%) Next Retarget (earliest): Thursday at 4:34 PM (in 3d 23h 47m 51s) Next Retarget (latest): Thursday at 5:12 PM (in 4d 0h 25m 57s) Projected Epoch Length: between 14d 7h 27m 1s and 14d 8h 5m 7s |
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I have some popcorn as I want to see this resolve.
I also just use Kraken and Nicehash both allow me to access their LN nodes. which are not as much maintenance for me than my own node.
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The historical thread related bitcoin in Italian section ( bitcoin pump = Thread dedicated to news and considerations on market value) is a continue and constant off-topic. Pages and pages that are not related (even remotely) to this argument. Yes, I am not talking about few posts but literally 98% normally is not related to bitcoin. Likewise discussion on generic laws in Italy related thiefs, or pages related house investing and everything you can think is there… Open a random page of the last years and try to use translate you will be shocked that in a BITCOIN FORUM, in a topic related BITCOIN you can’t find ANYTHING about this.
Since yesterday, but also other times in the past years, I have been trying to explain to my "compatriots" / speakers of the same language, how important it is to talk about bitcoin in bitcoin forums in the topic dedicated to bitcoin.
Ok forum is not moderated but I cannot understand why the MAIN topic of my board is not on topic.
Many many users have left this board since it's impossible talk about bitcoin. We are just 55 people writing (last update made by merit source) in a country of … 60 million inhabitants. Tons of people have just left since there is no chance to talk about bitcoin anymore 
What we can do to have the main thread on topic? What we can do to talk about bitcoin in a topic related bitcoin in a forum related bitcoin?
Suggestions accepted.... Did you ever hang out on this thread: https://bitcointalk.org/index.php?topic=178336.0know as the wo board? it is full of all topics and a general bull shit speaks your mind thread. maybe you could retitled the Italian thread to "The Italian style Wo thread." that would pretty much fix the issue. |
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I don't have much I have the dads s3 miner. I'm just trying to see what I should get when I have enough money. I'm trying to get prepared for mining. So what you say is good for mining is Antminer L7 unit?
yes but it is costly. (L7) you could try to get a L3 on ebay it is pretty cheap. the s3 will only do btc sha 256 this is a decent deal on ebay https://www.ebay.com/itm/204357571884?the l3 can help you learn mining it is not super loud and it is not super hot. |
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I've been thinking about scrypt mining what do you guys think? And if I do scrypt mining, what should I mine?
you need to move to altcoins section not bitcoins section. https://bitcointalk.org/index.php?board=160.0if you have cheap power use antminer L7 and merge mine Ltc/Doge use viabtc pool. nice you moved it. I am a big fan of the Antminer L7 units. do you have 240 volt power and a 30 amp line. do you have cheap power. |
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