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501
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Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
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on: May 06, 2015, 06:41:49 PM
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[]
Whether it's Bitcoin or some other currency, there is always going to be people trying to take advantage of other people. As someone who ordered gear from both KnC and BFL, I can assure you there is a dark side to the "Bitcoin Community". But that been said, we're talking about digital money. So thinking of the entire Bitcoin ecosystem as a "Community" is a bit naive anyway.
The problem with BTC is it has no mechanisms in place to deal with bad actors. That's Y it fails - right on the conceptual level. Real money has the might of the state to punish the con men, Bitcoin? Not so much. Thus far, the only repercussions felt by thieves & conmen in Bitcoin Equestria came from the hand of the nanny-state Bitcoiners so love to whine about  The state has just as much power over bad actors who use bitcoin as they do over bad actors using cash. Since when does money have to provide a method to deal with bad actors? That is not a function of money. |
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503
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Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
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on: May 04, 2015, 08:21:53 PM
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I now hold Bitcoin in my Roth IRA, purchased from Ameritrade. No different than buying any other stock. (OK, pink sheets, so you must use limit orders, but you get the idea.) I've waited years for this day! Can't wait to see what happens next. I miiiiight have a bit of a bullish bias here ;-) Is this with or rather through a self-funded roth ira? Sorry, I'm not overly familiar and just wanted to pick your brains a bit. This seems, well frankly, like an amazing vehicle for preserving growth. So, if I understand correctly, you would have deposited up to $5500 for the year of contributions or how ever little; then you just bought the individual shares. The money you've spent on this has already been taxed. So, assuming it is a qualified withdrawal; if you bought basically a coin at $420, if at the time it is withdrawn, the coin/share is now worth $1,000; you do not pay taxes on that $580 increase in value? And likewise; if the coin is worth say $32,000... you wouldn't pay tax on that additionally $31,000 in appreciation assuming it's a valid withdrawal? That seems almost to good to be true lol. How is this not amazing!? lol? To my knowledge, that is correct. (Consult your own accountant, blahblahblah disclaimer). It is why I have been waiting for this day for years. Anyone with retirement funds can now buy Bitcoin. The faucet JUST opened, and the supply is not yet even a dribble. It is simply unbelievable that $133.7 could be used to set an all time high. I so badly wish it was represented on the charts. It's showing 133.70 now. EDIT: Make that $175.00. http://www.otcmarkets.com/stock/GBTC/quote |
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504
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Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
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on: May 04, 2015, 06:05:32 PM
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I now hold Bitcoin in my Roth IRA, purchased from Ameritrade. No different than buying any other stock. (OK, pink sheets, so you must use limit orders, but you get the idea.) I've waited years for this day! Can't wait to see what happens next. I miiiiight have a bit of a bullish bias here ;-) Is this with or rather through a self-funded roth ira? Sorry, I'm not overly familiar and just wanted to pick your brains a bit. This seems, well frankly, like an amazing vehicle for preserving growth. So, if I understand correctly, you would have deposited up to $5500 for the year of contributions or how ever little; then you just bought the individual shares. The money you've spent on this has already been taxed. So, assuming it is a qualified withdrawal; if you bought basically a coin at $420, if at the time it is withdrawn, the coin/share is now worth $1,000; you do not pay taxes on that $580 increase in value? And likewise; if the coin is worth say $32,000... you wouldn't pay tax on that additionally $31,000 in appreciation assuming it's a valid withdrawal? That seems almost to good to be true lol. How is this not amazing!? lol? To my knowledge, that is correct. (Consult your own accountant, blahblahblah disclaimer). It is why I have been waiting for this day for years. Anyone with retirement funds can now buy Bitcoin. The faucet JUST opened, and the supply is not yet even a dribble. It is simply unbelievable that $133.7 could be used to set an all time high. I so badly wish it was represented on the charts. Maybe it will show on the charts once the other 93 shares sell (and they will). |
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506
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Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
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on: April 27, 2015, 09:42:02 PM
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This is as bad as it gets. Somebody is withdrawing from BTC-E in panic no matter how big his/their losses are. People are in piece with the major loss only when there is no other alternative. This means somebody knows something majority of us don't. My guess is that BTC-E is going down for one reason or another.
What if it's some other insider information not related to the collapse of BTC-e? |
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510
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Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
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on: April 15, 2015, 02:16:58 AM
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Does everyone realize that taxes are due tomorrow in the US (April 15th)? The recent sell off is obviously miners cashing out to pay taxes. Nothing to worry about.
IIRC, the deadline for tax selling was Dec 31, 2014. April 15 is only the deadline for filing the 2014 tax statements. Isn't that so? Nope, payments are due April 15th. |
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511
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Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
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on: April 15, 2015, 02:12:51 AM
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Does everyone realize that taxes are due tomorrow in the US (April 15th)? The recent sell off is obviously miners cashing out to pay taxes. Nothing to worry about.
Do you think everyone lives in the US? I remember their population is less than 300 million. World is more than 7 billions. True but those 300 million control the planet like it or not. 50 million of those are on food stamps, and working toward 100 million unemployed... Ahh, the American dream! Sad indeed and yet still pulling the strings behind governments and corporations around the world. |
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512
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Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
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on: April 15, 2015, 02:01:01 AM
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Does everyone realize that taxes are due tomorrow in the US (April 15th)? The recent sell off is obviously miners cashing out to pay taxes. Nothing to worry about.
Do you think everyone lives in the US? I remember their population is less than 300 million. World is more than 7 billions. True but those 300 million control the planet like it or not. hahaha........spastic! consume perhaps, control - hardly!! They cant even control themselves let alone the rest of us! Poor sheep. Blind to reality. |
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513
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Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
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on: April 15, 2015, 01:03:01 AM
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Does everyone realize that taxes are due tomorrow in the US (April 15th)? The recent sell off is obviously miners cashing out to pay taxes. Nothing to worry about.
Do you think everyone lives in the US? I remember their population is less than 300 million. World is more than 7 billions. True but those 300 million control the planet like it or not. |
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515
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Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
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on: April 10, 2015, 04:17:47 PM
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i'm never buying a bitcoin again. this is clearly the end of bitcoin. its remarkable 230 is holding, but not for long, soon it will crash 30% in 1 hours time.
Clearly trolling but we said 250 was holding....240 was holding.....230 is holding but for how long? Bitcoin is the worst investment possible in the last 12 months. No more hope for Bitcoin. NO one's buying it anymore, figuratively and literally. DOOM! Single digits here we come... This is not even a troll post, I am finally a believer. The bears win. I give up. |
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517
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Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
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on: April 07, 2015, 08:46:01 PM
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Sorry, I had to make one more comment on Leo
LeoCoin is a joke. I have to say I only spend a short time on reading about it, but everything smell about LeoCoin...
The 2 promoters, are former scammers in a pyramid-scheme... The website does not explain much about the improvements, its still not clear to me... and they reward people using the coin in an pyramid-like-scheme... Maybe they use an anonymity function that is 100%?? but still the coin smell of fraud! Sorry to say...
Thank you captain obvious. |
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518
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Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
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on: April 07, 2015, 06:37:06 PM
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I don't see why GBTC isn't being priced in already. There is a very good possibility that institutional money that CANNOT buy on the open market will flood into GBTC. The price of GBTC may very well be 10-20% higher than the exchanges for a while but as early adopters of BIT arbitrage, exchange prices have to follow.
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