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Posting in English would be nice, also, I believe this is a moderated thread so why isn't Betcoin in here deleting every time this guy posts their customers information?
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Thanks a lot, I only need it for the stardust So wait, does this version actually work? Last I checked the necrobot was shut down and no longer worked. |
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Here is a good way to think about it, and will apply to just about any country. If your net worth increases, you will most probably owe taxes on that.
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I wish they would release more info about the new asset they created. Besides it has a face value of $1 per coin, and that there is no obligation to pay anything on them, I want to see a plan of how they will recoup funds and pay them back. It could be a very lucrative asset at such a big discount right now if they ended up paying out a dollar for each share.
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Now you would owe tax if your basis is zero on the tokens, or anything less than 500k. I don't believe you can defer this gain in this situation, although I really only do corporation taxes, so I may be mistaken. But to my knowledge you would have to pay taxes on the gain of the original tokens, then your basis in the btc would be 500k.
If I trade my tokens for Bitcoin ... how is it that I would owe tax? Neither of these are money ... it is like trading one piece of art for another: my Gauguin for your Matisse. And by making the trade we've established that they are of ~ equal value. A like-kind exchange with no fiat involved. I think Poloniex owes tax on trading fees, and has to comply with anti-money laundering requirements. As someone mentioned I don't think this is a tax issue until I ultimately convert to fiat ... which could be a very long time. I'm looking at this reference - it says proceeds from crowdfunding are taxable - see #10 near bottom of article - but then in item #11 says cryptocurrencies are taxable when converted to fiat: http://www.thefiscaltimes.com/Articles/2013/04/08/11-Surprising-Things-You-Have-to-Pay-Taxes-OnSo Ethereum, the DAO, and all the rest paid taxes on their proceeds?? I'm a bit skeptical ... Meanwhile. I'm not going to worry about taxes until I convert to fiat, or until there is better clarity. You didn't mention how you came about the tokens. But yes, you would still owe taxes on them. Consider this... You are walking down the street, you find a $100 bill on the ground, you pick it up and put it in your pocket. You now owe taxes on that $100. Same thing if you were to find gold/silver/a private key with bitcoins on it/etc. If you mined the coins/tokens, yes you still owe tax on them, but depending on how you have it set up, you may be able to take some deductions for cost of the machines, electricity, and other expenses. That is only if you have it set up as a business though. Your example was the same as mine with trading silver for gold. You owe tax on the event. Your right that 50k of silver is of equal value as 50k of gold, but if you bought that 50k of silver for 30k, you owe 20k of gains in taxes because your base is 30k, but now you have a base in the gold of 50k. Does that make sense? |
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Here's a question: US resident comes into some tokens, sends them to Poloniex, exchanges the tokens for btc and then transfers the btc out. Lets say the assets are worth US$500k. So that is US$500k of tokens in, and US$500k of btc out. Is Poloniex reporting these transactions just like a bank, i.e. any transaction over US$10k gets reported? Or any case of potential structuring gets reported? There is no apparent tax gain given nothing has been monetized, i.e. fiat-ized. No fiat has been involved. Yet Poloniex requires all this KYC docs in order to make large transactions like this. Curious ...
In this scenario you would not owe any taxes since you are exchanging an asset to an asset. The United states has classified bitcoin as property, so it would be like exchangin 50 dollars in silver for 50 dollars in bitcoin. Your basis is still 50 dollars in gold now. Now you would owe tax if your basis is zero on the tokens, or anything less than 500k. I don't believe you can defer this gain in this situation, although I really only do corporation taxes, so I may be mistaken. But to my knowledge you would have to pay taxes on the gain of the original tokens, then your basis in the btc would be 500k. Gains on the tokens would be capital gains? I've got lots of short-term capital loss carry-forwards .... basically stock losses. I could offset the two? It would either be short term or long term depending on how long you held the assets, but yes. And yes, you could use the losses to offset the gains. |
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Wow, this is cool, wish there was a faucet though
There is a faucet, it is called Jackpot faucet and can be found from the apps page. |
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In previous Antminers the beeping was because they lost internet connection. Can you verify that they are all running on a wired connection and that you have set them all up with unique IP addresses? You should run each one independently and see if they continue to work or if they have a problem when not being ran with the others. Then identify which ones are having issues specifically.
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Here's a question: US resident comes into some tokens, sends them to Poloniex, exchanges the tokens for btc and then transfers the btc out. Lets say the assets are worth US$500k. So that is US$500k of tokens in, and US$500k of btc out. Is Poloniex reporting these transactions just like a bank, i.e. any transaction over US$10k gets reported? Or any case of potential structuring gets reported? There is no apparent tax gain given nothing has been monetized, i.e. fiat-ized. No fiat has been involved. Yet Poloniex requires all this KYC docs in order to make large transactions like this. Curious ...
In this scenario you would not owe any taxes since you are exchanging an asset to an asset. The United states has classified bitcoin as property, so it would be like exchangin 50 dollars in silver for 50 dollars in bitcoin. Your basis is still 50 dollars in gold now. Now you would owe tax if your basis is zero on the tokens, or anything less than 500k. I don't believe you can defer this gain in this situation, although I really only do corporation taxes, so I may be mistaken. But to my knowledge you would have to pay taxes on the gain of the original tokens, then your basis in the btc would be 500k. |
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Bitcoin core is probably the best for the computer, depending on what you want to do. Stay away from online wallets, always control your private key. I would also recommend mycelium as far as a phone app. I have used it for a long time and love it.
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Just so everyone knows, Betcoin added the following to their terms and conditions recently: The Agreement and any matters relating hereto shall be governed by, and construed in accordance with the laws of Costa Rica. Each party irrevocably agrees that the relevant courts of Costa Rica shall have exclusive jurisdiction in relation to any claim, dispute or difference between them concerning the Agreement and any matter arising hereunder. You and We irrevocably waive any right that either may have to object to an action being brought in those courts, or to claim that the action has been brought in an inconvenient forum, or that those courts do not have jurisdiction. You expressly consent to personal jurisdiction of said courts over You and expressly agree to accept service of notice of any proceedings brought therein by transmitting said notice to You at the email address You have provided in Your Account. . (This choice of forum and law governs only claims between the USER and Betcoin and shall not affect or limit any other right or remedy which Betcoin may hold against any third party related to the business of providing the games, including the provision of services to Betcoin by such third parties.) https://www.betcoin.ag/node/3549 Isn't it pretty standard for any casino site to include something about the courts where they are registered will be the ones to determine any disputes? |
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It's a Possible hard ban on a lot of bot accounts today. Anyone able to log in to their accounts on their phones?
i just logged in to my account on my phone without any issues, maybe it's because i didn't use the bot since this morning. How do I change my account? I logged out, but when I log back in with google it just keeps going to my main account. How do I change it to my botted account? |
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Let's say I can invest 0.20 BTC for 6 months, is there an average on what I would be earning or even a potential, thanks.  No one can say how much you can earn in that timeframe as your profit will depend on how much the house wins against the players, if the house loses ofcourse you will lose too so there is no guarantee There should be a semi predictable amount of return if you know the daily betting volume. I am not sure what it is, but Quickseller put up a formula a few pages ago that shows you how to calculate it. That prediction is waaaaay off, if you invested then you should know that No its not. It's called variance and happens in the short term. If you know daily betting volume and the houses edge, you can easily calculate what your expected profit should be. In the long run you will be right on, in the short run, you'll show variance. It's called math and it's absolute. As if, that's way to simple, and your forgetting the human factor of not stopping with playing. Please scroll through dicesites.com and look at how spot on the calculations are in 2 years time. Even moneypot got An expected value of 477btc but got a Profit of 697btc, and this is when we just had a big loss of almost 60 btc (went from 430 to 370).... That is called short term variance. In the long run, as I have said, you will always end up at an expected profit. Its just math and you can't argue with that. 2 years time can be considered short term if your bet volume is low enough. I don't remember enough statistics to show how long you would have to look for based on a given volume to be within a single confidence interval, but it def can be done and calculated. In that case anything can be called short term in this fast paced industry wich Comes back to the fact that you can't predict it in such a short time frame..... Because the question was Profit in 6 months right. Which makes it kinda look like you just want to make a theoretical math Point that can't be used for the questions People ask most of the time. If you can't use the exact method to determine what your expected profit will be...what can you use? |
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The question that should be asked is, "what did this update do"?
Because if it's bringing everything down for days, it's clearly a major update. Yet the poker is untouched, the casino is untouched and the sportsbook is untouched.
...so what did it do?
The account wallet page has had everything shuffled around and put into a slightly different spot that takes longer to load everything when you go to that page. |
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Let's say I can invest 0.20 BTC for 6 months, is there an average on what I would be earning or even a potential, thanks. No one can say how much you can earn in that timeframe as your profit will depend on how much the house wins against the players, if the house loses ofcourse you will lose too so there is no guarantee There should be a semi predictable amount of return if you know the daily betting volume. I am not sure what it is, but Quickseller put up a formula a few pages ago that shows you how to calculate it. That prediction is waaaaay off, if you invested then you should know that No its not. It's called variance and happens in the short term. If you know daily betting volume and the houses edge, you can easily calculate what your expected profit should be. In the long run you will be right on, in the short run, you'll show variance. It's called math and it's absolute. As if, that's way to simple, and your forgetting the human factor of not stopping with playing. Please scroll through dicesites.com and look at how spot on the calculations are in 2 years time. Even moneypot got An expected value of 477btc but got a Profit of 697btc, and this is when we just had a big loss of almost 60 btc (went from 430 to 370).... That is called short term variance. In the long run, as I have said, you will always end up at an expected profit. Its just math and you can't argue with that. 2 years time can be considered short term if your bet volume is low enough. I don't remember enough statistics to show how long you would have to look for based on a given volume to be within a single confidence interval, but it def can be done and calculated. |
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Most places will not accept prepaid cards on the assumption that they are bought with stolen credit cards and will be charged back. You will be extremely hard pressed to find a website or user willing to trade bitcoin for that from someone with no rep.
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Out of all of those I like and trust poloniex the most. I have used it for years and have never had an issue. I have never used the other 2 and that usually isn't a good sign when I have been in cryptocurrency for so long.
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Storing funds for the long term should be done on your own offline created paper wallet. Sure it is a hassle, but it is much more convenient to have those coins and be able to use them when needed than to get them stolen.
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Let's say I can invest 0.20 BTC for 6 months, is there an average on what I would be earning or even a potential, thanks. No one can say how much you can earn in that timeframe as your profit will depend on how much the house wins against the players, if the house loses ofcourse you will lose too so there is no guarantee There should be a semi predictable amount of return if you know the daily betting volume. I am not sure what it is, but Quickseller put up a formula a few pages ago that shows you how to calculate it. That prediction is waaaaay off, if you invested then you should know that No its not. It's called variance and happens in the short term. If you know daily betting volume and the houses edge, you can easily calculate what your expected profit should be. In the long run you will be right on, in the short run, you'll show variance. It's called math and it's absolute. |
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I think that the so called "Crusaders" need to be dealt a hand of reality and not just give trust when they think it is just and needed. This just makes them look like morons and not contributing to the community one bit since they are not DT members this just affects them when they want to branch out into other faucets in the bitcointalk forum community.
So fucking deal me a hand of reality, because I'm one of the ones who thinks account sales are bullshit and my trust comments reflect this. You may not be referring to me specifically, but I'm in the same category. Do I care one whit whether you or anyone else thinks I look like a fool. Absolutely not. You and all the other account-selling and otherwise butthurt whiners can go gargle a tubesteak. This forum is full of shady people, and apparently a lot of people who don't realize their actions have consequences that they 1) May not foresee, or 2) Don't care about. Supporting ponzis and dealing in bitcointalk accounts are two of these things, and then there's also trafficking in stolen gift cards and all that. If you don't like that there are people who are willing to stand up against that stuff, FUCK YOU.Agreed. I do my best to call out any potential scams and mark the accounts with neg trust. There are a lot of us who have been here for years and can spot the normal things that scammers do/try to do right off the bat, and I think it is our duty to warn others when we see it. Keep up the good work and keep marking anything scammy as such. |
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