Thank you Mr. Troll?   |
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Goxxing with panic BUYS
lol
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Holy shit. Straight to 50... maybe over it... |
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It might be easy to create an unauditable trail for 1k dollars... not so much for 500k. Then again, thats a good problem to have I suppose.
The guys buying half a mill worth of Bitcoins already have their balls in the IRS vice. They won't wander far from the reservation anyway. It's us hoi-polloi leaving ourselves open to the wolves that worry me. If the political powers ever decide to crackdown on Bitcoin users, all of those Coinbase, Gox, etc. customers that gave up details are in the crosshairs. What makes you think they are already in the crosshairs? There are plenty of nerds who got lucky playing around with mining rigs over the last few years and some average joes that went all in and held their strong hand. If you are implying something other than (potential) evasion happening in general with these folks, I would tend to disagree. Just because you speculate doesnt mean you sell drugs. |
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If audited, you will have to explain how you sent 1k to japan and received 5 back. Doesnt matter where it came from.
What idiot leaves an auditable trail in Bitcoin? It was created to allow your financial life to be private. It might be easy to create an unauditable trail for 1k dollars... not so much for 500k. Then again, thats a good problem to have I suppose. |
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Oh well. Here's another question.. If you don't cash out, do you have to pay taxes?
Even if you do cash out, what idiot would pay taxes on bitcoins? If audited, you will have to explain how you sent 1k to japan and received 5 back. Doesnt matter where it came from. |
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As an asset its very clear - when it increases above what you paid for it, you are supposed to pay taxes on that.
Horseshit. key words: "supposed to" |
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To the douchebags posting false information in my favorite thread:  |
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Someone mind explaining to me why you have to claim them on your taxes?
I thought legally Bitcoin was in a grey area at the moment.
It is legally grey as a currency. As an asset its very clear - when it increases above what you paid for it, you are supposed to pay taxes on that. |
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I, for one, welcome our new central Bitcoin banking overlords.
I'm torn - on the one hand I am freaking out about the impact this will have on the price and on the other hand I am not excited about 1099s/ disclosure. |
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1000 new subs to reddit each WEEK now  Smashing record search volume continually week over week  And there is over 8 million in USD sitting on Gox in bids (and this figure appears to be exponentially rising). My guess is that these trigger fingers get itchy by wednesday and the rocket ignites once again. |
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The following people payed BTC 1.25 per coin and are elligible for a reimbursement of the differnce to my new offer (BTC 1.234) of BTC 0.016 per coin: - peterepeat (3*0.016 = 0.048)
- lolwut (0.016)
- lebing (0.016)
please give me addresses so I can send the coins. Consider it a tip  |
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I havent seen Yuhfhrh around here pretty much since he was actually made a mod. Maybe its time for a new speculation mod? |
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I will take 1 if you still have one left mol, thanks
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Seems the bitcoin weekend is now ending on saturday night euro time...  |
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This rally is far from being over  You do realize that leverage can be used to speculate against bitcoin too, right? tl:dr; The shorts are coming! I can hear the cries already from the margin calls short magin calls or long margin calls ? Well I think we are a long way away from anyone having a chance with a long term short. Maybe if we get up past 300 this year it will be possible... otherwise, they are just asking for pain. |
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This rally is far from being over You do realize that leverage can be used to speculate against bitcoin too, right? tl:dr; The shorts are coming! I can hear the cries already from the margin calls |
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