With a +7-10% buy premium, people will never use them though. This is not true. People will use them for the novelty of owning bitcoin, or for buying very small amounts. Or because they don't have a better way to do it. But I agree with the spirit of your post. Until these things begin to become competitive they will stay in the general realm of being a novelty. TBH I'm not sure what these Bitcoin ATM operators are thinking with having those premiums so high. I assume it's an attempt to recoup the cost of the ATM itself maybe? But they would do well to get those buy premiums down to at least 2-3%, otherwise people will just jump online to do it. Guessing it's tailored for the silkroad crowd. That's still a thing right??? |
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Notice Tim Draper begging CNBC for buyers hours before the dumps started? Thoughts?
Whales like Tim Draper can only sell OTC... If they would need to do it... which they don't because they are, well, whales. OTC sales still hit the streets eventually. 8000 coins did this. Eight. Thousand. Coins. That's it. That's all it takes. Yes, OTC sales indirectly influence the exchange price, of course. But I guess when one of those whales sell some significant part of their stash they do to someone they know it is in it for the long term. I don't think they just go to an OTC desk and blindly accept the first offer they get. I am just speculating though... but that is also how it works with high stakes in stock markets. Also I don't think they usually sell during a more than 50% correction. They have all the time and money to wait for a better moment. Kobayashi is a different story.... but he is not suppossed to sell any more BTC until after the civil rehabilitation issue gets decided on the court (september?). Supply and demand, 'nuff said. Can't increase supply without moving the price and I don't care if you sell it OTC or to your neighbor's dog. Kobayashi was not supposed to have sold any more, but moving those BTC8k might indicate that he's not done selling yet. That spooked the market and now the possibility of all of the remaining BTC137k being sold is being priced in. Now have a beer and come back in 2021 |
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So...where are we on the chart with the Swamp of Despair and such? I want to see that we're past the worst at least  Yes. We could go to $1 now and it would still be bullish. As long as the protocol is working its bullish |
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Well, not seeing us testing $10k by mid-week at this rate.
Fuck.
Is BTC dead? |
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Are there bigger whales than Loaded? I dunno. You guys probably know.
Yes... Suspected ones are the Winklevi, Barry Silbert, maybe even Ver (although I don't think so), maybe Josh Jones of Bitcoinbuilder, whomever is really behind Bitmain (probably not WU himself), etc.... Loaded could in fact be one of the above guys... who knows. And if we look only at marketcap and also other coins, there's people like the Ripple guy, the other ripple+stellar guy (Jed McCaleb), etc... Didn't Loaded get a lambo for BTC? And had his wedding on BTC? (not 100% on that) Ver dumped a bunch of his stash to prop up his bcash pet project that's constantly needs to bed fed |
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Why hello Mr BTC2k bid whale at $8850 on Finex, you were missed
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#1. Your scenario doesn't matter because that isn't what happened and it doesn't matter anymore, also, see #2
#2. If bcash had forked at the same block as bitcoin, you may have an argument as to which is which but it didn't so bcash is the fork. You can't change how it happened.
Jesus christ man. https://en.wikipedia.org/wiki/Socratic_methodSure, I'll be that guy who says "Ok, I understand your line of questioning". You want to debate hypothetically on events that did not occur and may never occur. What could usefully come of this debate? All I can see is it continues to create doubt and question in a seemingly decided market/community. Although your questioning is very suspicious at the top of this BCH pump  I'll give you the benefit of the doubt and accept you may have been confused for a moment and aren't a troll. Have you been listening to Vinny? Check out his registration date, if nothing else that deserves merit on its own! Seemed any opinion that even remotely questions the validity of bitcoin is aggressively attack. The short term daily price watchers can fuck off and let the Legendary account make an arguments, if he can't make hypothetical i don't know who can. And he's been around long enough that daily BCH pump timing shouldn't be a suspect |
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Bcash is a fork. Bgold is a fork. These are forks of Bitcoin. This is the least complicated thing ever. Let me be clear guys. I share your opinion. It is my opinion as well that bitcoin core is the real bitcoin. All I am arguing is that that is my opinion and not a fact that is in some way objectively valid. In what fundamental sense is bcash different from bitcoin core that makes it the fork and not bitcoin core the fork of it? Bitcoin core has changed the consensus algorithm too just like bcash. We used to not have segwit enabled and bcash used to not have massive blocks. One isn't "the fork" they are each forks of the other. #1 Ok, here is an argument for you then. When bcash forked, the market made a choice and declared bitcoin, bitcoin when the value stayed in bitcoin and did not transfer to bcash #2 Here is another one, bcash changed the difficulty adjustment mechanism (block #478559) before bitcoin activated segwit (block #481824) and was therefore a fork of bitcoin at that instant. Then, even if you want to say segwit is not bitcoin, bitcoin forked from itself at block #481824 and then won the fork with itself and became bitcoin Did I dumb it down enough for you? I mean I hate doing this because it's getting really boring and I feel like everyone here should have just understood what I was saying by now but: #1 So it's a democratic thing? Because I can tell you some of the value did go to bcash. So the fact that more went to core is what made it "the real bitcoin"? So if 51% had gone to bcash you would have reluctantly agreed that it was the real bitcoin? Even though ver's ideas are garbage? What if bcash slowly gains more and more and gets to over 50% in the future? Does it then become "the real bitcoin". If the value bounces back and forth back and forth between 49% and 51% relative to each other does the "real bitcoin" change every day as the value changes? Even if I don't go this route and accept your reason. Even if I allow that "the market decided" why does the market get to decide? You still have to say why. You can't just declare it. It just so happens that I agree with the markets decision however If ver's garbage vision for bitcoins future had won out in market capitalization after the fork I wouldn't have accepted it as "the real bitcoin" just because it had slightly more market cap. I would be here saying that core was the real bitcoin in my opinion even though it was slightly less capitalized. #2 If that is a real reason, than you would have to say that you would call ver's version of bitcoin "the real bitcoin" if the roles had been reversed and core forked first instead of cash forking first. Are you really prepared to stand behind that? Anyway I'm getting really tired of this and really annoyed that there isn't one single person to step forward to say that they understand what I mean. Even though I really do believe in what I am saying and I think that I have good arguments behind it even I am starting to feel like a troll at this point. So I think I am going to disengage from this pursuit. On a lighter node. Screw lambos. I'm want one of these. https://www.youtube.com/watch?v=BsfgbHvuYRU I think you have a valid argument, but you're arguing the wrong thing  try changing the topic to defining what makes a chain "the real bitcoin" most likely you won't be able to agree on an objective definition of "the real bitcoin". If you can't define "real" you're wasting your time arguing which one is "real". That brings me to my next point, i believe the concept of the "the real bitcoin" is subjective, i.e. my definition of ideal "real bitcoin" is most likely different from yours. For example, at this stage I tend to value long term decentralization exponentially higher above pretty much everything else, so my views align more with the core, thus for me bitcoin is the real bitcoin  if i had 1 month to live with no heirs or Ver gifted me 1MM of those bcash things and i just had a concussion and was dropped on my head a dozen times as a kid and did wayyyy too many hard drugs and snorted glue and had brain damage and couldn't spell my name and (well, you get the idea) i might be yelling that bcash in the real bitcoin and try to pump it to the moon before cashing out at the fork. |
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We only have 6 days left for my poll choice to be correct, can we step on it?
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Ahh back to bcash i see, is Ver still burning transaction fees from the miners just so he won't have to buy them back when miners dump whatever they mine?
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Even if parts of bitcoin were centralized, we'd still achieve trust and a degree of transparency which is light-years ahead of a legacy government controlled debt-slavery coin.
Of course it's not 100% pure decentralization (whatever that would mean  ) But currently bitcoin is the closest we can come to it |
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carbs man, it's huge
the problem is beer
You bite your tongue!  |
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oh shit
it's on
Well that explains the earlier bump |
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That's all women. All women hit the wall. Most of them hard.
I see, speaking about people maturing before dying is more interesting than the suffering of entire people under the boots of putin... marx is right for most muppets, too dumb to realize what the rope just sold is for...  and worst this tendency by the western ruling class to over plan... resulting in planning paralysis... what the fuck ask gary cohn !!! ACTION, mitigation on the fly. VISA BAN /ON ! Man i had to log in just to put you on ignore. The idiot gauge is just pegging with you |
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I was expecting hoping? for something like this, but what makes you say that 16rCmCmbuWDhPjWTrpQGaU3EPdZF7MTdUk is MtGox coins? Don't see address in his list or you just FUDing? Edit: Ahh that address has BTC142k in it so calling FUD on MtGox link |
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Hmm is the blood on the streets yet? Are these Gox coins being liquidated, MtGox coming back to Gox us one (last?) time
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This is bullshit - I bought at 11.300 - Sold 11.500 - still I am down 120$ because everyone sold ealier eh - what a crap
Look on the bright side, i'm sure exchanges are thankful for handing them your money. You'll become a good day traded any day now |
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On a tangentially-related matter, does anyone know why the forums got rid of the glowing ignore color, based on how many people have a particular user marked for ignore ?
Oooh. I had never noticed this but would enjoy it. Thought it's been gone fore years now |
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How do you guys compute your taxes when...
You mined 1 ETH with your GPU ....
You sold 1 ETH and bought BTC ....
You held that BTC for a long time and then sold for USD ...
The 1 ETH is business income?
The BTC is considered capital gains?
In the US: The 1 Eth mined is taxed as income. When you trade the ETH for BTC, assuming you held the ETH for <1 year, you'd pay short term capital gains tax on the amount the ETH appreciated since it was mined. After you sold the BTC, you'd pay long term capital gains tax on the entire amount. Hmm how about we throw some dates on this, this is how i understand it, but i'm not a tax professional: 1 June 2015 1 ETH mined (ETH spot price $1) 1 January 2016 sold 1 ETH for 0,01 BTC (ETH spot $10) 2 January 2018 sold 0,01 BTC (BTC spot $20000) So first in 2015 income on mined ETH $1 is fully taxed as regular income (but can expense equipment costs and electric bills?) 2016 $9 ($10spot - $1base) is taxed at short term capital gains 2018 $190 ($200gross - $10base) is taxed at long term capital gains |
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Did spam faucet ran dry again? Someone ping Ver for a top up
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