This post is for people who file taxes in the U.S. and want to be in compliance. For those of you who refuse to have anything to do with taxes and laws, that's fine. But this post isn't for you. Some of you still may not be able to refrain from replying ph*ck the IRS bitcoin's gonna burn their shit down, or words to that effect. Whatever.
The IRS has made a very big change in the calculation of crypto capital gains, which will phase in completely in 2026. 2025 is a transition year that the IRS calls "safe harbor." The process of transitioning to the new capital gains tax calculation regime by way of this safe harbor is pretty complicated, but what did you expect from the IRS? First you have to choose an allocation method for assigning basis to your coin holdings, and it has to be done wallet by wallet -- no longer are your coins in one big heap, so to speak, but every wallet has to have the capital gains on the coins sold from it calculated separately. The two methods of assigning basis to your sells are: global allocation, and specific identification. You choose one allocation method and it applies to all your wallets. A "wallet" can be a private wallet ("unhosted") or a custodial account like an exchange. If you use global allocation, each wallet has to have its capital gains/losses calculated by FIFO. So you'll need a strategy, like putting coins with a high cost basis in one wallet and coins with a low cost basis in another wallet. That way you can sell from the wallet with the high basis coins, in order to lower your taxes. If all your coins were in one wallet, the FIFO requirement would draw on the oldest basis, without regard to whether it's high or low. And since older coins might have lower cost basis, you could end up paying more tax on them. If you use specific allocation, you choose the cost basis for the tax calculation of every transaction. And you have to declare the allocation before you sell. The extra control this gives you might sound good, but it could make doing your taxes a monster headache if you have more than a just few transactions.
This is how I understand it. Do your own due diligence.
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bash script halving date predictor #!/bin/bash echo "today's date: $(date --iso-8601)" bid=$(curl -s "https://www.bitstamp.net/api/ticker/" | jq -r ".bid") ask=$(curl -s "https://www.bitstamp.net/api/ticker/" | jq -r ".ask") #p0 is midmarket price to 2 decimals P0=$(bc -l <<< "scale=2; ($bid+$ask)/2") echo "mid-market BTCUSD: "$P0 latestblock=$(wget -q -O - "https://blockchain.info/latestblock" | jq -r ".height") echo "latest block "$latestblock t=$(wget -q -O - "https://blockchain.info/latestblock" | jq -r ".time") echo "timestamp of latest block "$t #db = differential block db=$((2*$latestblock-1050000)) #pt = projected timestamp of next halving pt=$((2*$t-$(wget -q -O - "https://blockchain.info/block-height/$db" | jq -r ".blocks[0].time"))) echo "projected timestamp of next halving "$pt echo "projected date of next halving" date -u -d @$pt #timestamp of block 840000 is 1713571767 dproj=$(bc -l <<< "scale=6; ($pt-1713571767)/86400") echo "predicted days between halvings "$dproj
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follow "Bitcoin Beavers" onTelegram
Can Bitcoin Beavers help provide the best analysis for Bitcoin prices that will run in the market? I have never found Bitcoin Beavers via Telegram because I didn't know that there was a group for analyzing Bitcoin prices. So before I join Bitcoin Beavers, I want to know your explanation about what things are discussed in Bitcoin Beavers. Because I still think that making an analysis about anything is not easy enough for everyone, especially when it comes to the price of Bitcoin. Dude, Bitcoin Beavers is masterluc. The OP who started this thread years ago.
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I don't waste time trying to predict short term pumps and reversals. It's all about the halving cycle. For buying, wait at least a year after an ATH. For selling, I have an algorithm for timing the peaks at the end of bull markets. Yup, you heard me right. I time the tops. This only happens once about every four years.
Cramer is irrelevant. As Wolfgang Pauli once said about another physicist, Cramer is so bad that he's not even wrong.
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I was in Mexico for December, January and February. I took long, hot showers every day. I started getting a rash after a couple of months, but didn't understand why. I thought maybe there were fleas in some of the hotels I was staying in. I kept taking long, hot showers. The full-body rash still hasn't gone away. I think it was caused by the Mexican water. The public water in Mexico, with very few exceptions, or maybe even no exceptions, is real bad. Maybe worse than countries I've traveled in that are even more third-worldy, Cambodia for instance. I lived in New York City for decades and drank tap water every day. NYC has some of the best tap water in the world, especially considering that it sits at sea level. The water comes from upstate aquifers which are heavily regulated. They're working on a third water tunnel now. People who live in countries with clean tap water should be grateful.
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I think that Bitcoin Magazine might be using the official exchange rate of about 460 Naira to the dollar. Nobody will ever sell you dollars at 460 Naira to the dollar. I doubt that even the Nigerian government would do that, despite the fact that it's the official exchange rate, because the Naira isn't worth anywhere near that much. The Naira goes for about 750 to the dollar on the street, according to my cursory online searching. I've never been to Nigeria nor exchanged Naira, but I've been to Argentina several times and exchanged money there. The Argentine government will be happy to buy your dollars at the official exchange rate. You will never in this life pry dollars out of the hands of the government at the official exchange rate. In countries with weak currency, high inflation and capital controls, the official exchange rate is a complete fiction and merely a tool of financial oppression. Unfortunately, some people will base their economic analyses on that exchange rate. The question is, how much are people really paying for bitcoin in Nigeria?
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"hoarding" formerly known as "saving"
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To the trenches, mon mes frères!
Should of have
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Guns don’t kill people, people kill people.
Ukrainian people kill Russian people. Works for me!
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Dear fellow forum users,
I wanted to bring to your attention a user by the name of JayJuanGee. In my opinion, this user is excessively wordy and verbose, and it makes it nearly impossible to get to the substance of what they are trying to say. They drone on and on, using way too many words, and it is simply tedious to read through their posts.
In my view, JayJuanGee needs to learn how to be more concise and to the point. Their excessive use of words only serves to obscure their thoughts and make it difficult for others to understand them.
Please, JayJuanGee, try to be more concise in your posts. It will make them more enjoyable to read and will help others to better understand what you are trying to say.
Sincerely, An annoyed forum user
Save time by skipping JJG's posts. Works for me.
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The reptilian overlord's true form
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Jeez - such unwelcoming people.
Sorry I stirred it.
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I recommend editing your posts to put that stuff in a code window like this foo log etc etc Make it easier on everybody and increase your chances of getting a response. The code window button is the one with a hashmark on it.
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Jesus fucking Christ! Just got another one TODAY! WTF are these piece of Shit companies doing with their fucking stalking databases? SAMSUNG Dear Valued Customer, At Samsung, security is a top priority. We are reaching out to inform you that Samsung recently discovered a cybersecurity incident that affected some of your information. In late July 2022, an unauthorized third party acquired information from some of Samsung's U.S. systems. On or around August 4, 2022, we determined through our ongoing investigation that personal information of certain customers was affected. We have taken actions to secure the affected systems, and have engaged a leading outside cybersecurity firm and are coordinating with law enforcement. We want to assure our customers that the issue did not impact Social Security numbers or credit and debit card numbers, but in some cases, may have affected information such as name, contact and demographic information, date of birth, and product registration information. The information affected for each relevant customer may vary. At Samsung, we value the trust our customers place in our products and services ‑ trust that we have built up over many years. By working with industry ‑ leading experts, we will further enhance the security of our systems ‑ and your personal information ‑ and work to maintain the trust you have put into the Samsung brand for more than 40 years. We regret any inconvenience this may cause you and appreciate your trust in us. We have set up an FAQ page on our website for additional questions and answers along with recommended actions. If you'd like to check your credit report, you are entitled under U.S. law to one free credit report annually from each of the three major nationwide credit reporting agencies. More information can be found below. If you have any questions regarding this issue, please visit our website at www.samsung.com/us/support/securityresponsecenter. To order your free credit report, visit www.annualcreditreport.com or call toll-free at 1 877 322 8228. Me too.  They force you to sign up in order to properly use the product you purchased with good money and then they don't protect your personal information. You don't have to sign up but then you get a gimped experience and I resisted for the longest time but I needed the Galaxy Store for something... Motherfuckers! Meh. Who needs a good credit rating? We have bitcoin. I've had a lot of these notifications about database breaches. My credit rating is 835.
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Всё-таки затяжная медвежатина это реальность. Очень бы хотелось ещё на соточку сходить, но увы и ах. Все таки на недельных разворотная фигура двойной топ. Эта вся хуйня будет падать на 9к. Brace...
Still, lingering bear meat is a reality. I would very much like to go another hundred, but alas, ah. All the same, on the weekly double top reversal pattern. All this bullshit will fall on 9k. Brace...
Can one of the Russian speakers please confirm or disconfirm whether Beaver is saying bitcoin's price could hit $9k?
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New telegram post by the master in Bitcoin Beavers
Oчeнь жиpнaя бычья дивepгeнция нa нeдeльнoм. Пoxoжe идём нa 80к.
Very bold bullish divergence on the weekly. Looks like we're going to 80k.
Shower thought. Is the market current cycle the first time for Bitcoin not to go through a -90% bear cycle? Should I cancel my bids placed at the 200-weekly SMA, and buy the current DIPs? Is the Terra billionaire's move in the Bitcoin market a confirmation for plebs to buy before FOMO?  Don't miss the train.
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Well if he didn't remember he can always use the Homer Simpson fix.  That brings back memories. I used to own an old beater truck that had the check engine light always on, which meant it wouldn't pass inspection. Taping over the light was no good since it would have been totally obvious, so I took the dashboard off and stuck the tape inside. Totally impossible to see it. And it passed inspection.
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anybody know what's going on with Bitcoincharts dot com? It's been down for days with a 500 Internal Server Error
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A private investigator who does missing persons searches and accepts Monero posted here, or somewhere, offering his services. Anybody has a link?
I saw that in a reddit post. I assume it was on reddit.com/r/Monero, but I can't find it.
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A private investigator who does missing persons searches and accepts Monero posted here, or somewhere, offering his services. Anybody has a link?
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