Crypto is dead because credit card companies stop crypto purchases

[Permonik]

"If we enter a global depression bit coin is going to a Penny"


No, if this global depression happend (and this is for sure),
the crypto will rise and shine like never before.
It will be the safe harbor for all of us, far away from the reach of banks and governments...

[romajc]

Those evil banks not letting 18yr olds max out their credit cards on bitcoin then not pay the banks back!

If you need a credit card to buy bitcoin then you are a moron.

[gotminer]

Funny post again,

The same guy who just 2 3 months ago was wining that he couldn't buy enough GPU.

Maybe a little reminder and I know it's hard to get your head around, but listen,
the world is bigger then just the US of A. 

Realy, it is.
In the EU, still possible to buy with Credit Card, the Eu is a bigger market then the USA.
Then we have South Korea, Japan, China all of them very strong Crypto countries.

Which Tax ? Because you have to pay, why would we, we don't apply to the IRS, so for the most outside the USA, no problem there yet.
The world is bigger then the basement you live in m8, and sorry you didn't make enough with your GPU to get out out of there

But stop making stupid posts that are full of FUD, because the world is much bigger then the little world you live in. 

Bullshit it was American investors that pushed the crypto to the 2017 levels

Everyone cashed out to avoid the crypto taxes and it caused the crash

Where is the rest of the worlds volume? Surely Japan south Korea China and the eu would have enough volume to make up


But no, nothing...markets been dead.

If we enter a global depression bit coin is going to a Penny

Do you realize how dumb you sound?  Cashing out to fiat is not a way to avoid tax liability. Converting crypto to crypto or crypto to fiat IS a taxable event, you moron.  Buying and holding is NOT a taxable event.

[Digital Drug Lord]

Funny post again,

The same guy who just 2 3 months ago was wining that he couldn't buy enough GPU.

Maybe a little reminder and I know it's hard to get your head around, but listen,
the world is bigger then just the US of A. 

Realy, it is.
In the EU, still possible to buy with Credit Card, the Eu is a bigger market then the USA.
Then we have South Korea, Japan, China all of them very strong Crypto countries.

Which Tax ? Because you have to pay, why would we, we don't apply to the IRS, so for the most outside the USA, no problem there yet.
The world is bigger then the basement you live in m8, and sorry you didn't make enough with your GPU to get out out of there

But stop making stupid posts that are full of FUD, because the world is much bigger then the little world you live in. 

Bullshit it was American investors that pushed the crypto to the 2017 levels

Everyone cashed out to avoid the crypto taxes and it caused the crash

Where is the rest of the worlds volume? Surely Japan south Korea China and the eu would have enough volume to make up


But no, nothing...markets been dead.

If we enter a global depression bit coin is going to a Penny

Do you realize how dumb you sound?  Cashing out to fiat is not a way to avoid tax liability. Converting crypto to crypto or crypto to fiat IS a taxable event, you moron.  Buying and holding is NOT a taxable event.

Explain why the stock market is at an all time high and every market globally is up except crypto?

Just look at bitcoins chart

https://coinmarketcap.com/currencies/bitcoin/#charts


It's one big pump and dump

Bitcoin is going back to it's $500 a coin price range by the end of 2018

[gotminer]

Funny post again,

The same guy who just 2 3 months ago was wining that he couldn't buy enough GPU.

Maybe a little reminder and I know it's hard to get your head around, but listen,
the world is bigger then just the US of A. 

Realy, it is.
In the EU, still possible to buy with Credit Card, the Eu is a bigger market then the USA.
Then we have South Korea, Japan, China all of them very strong Crypto countries.

Which Tax ? Because you have to pay, why would we, we don't apply to the IRS, so for the most outside the USA, no problem there yet.
The world is bigger then the basement you live in m8, and sorry you didn't make enough with your GPU to get out out of there

But stop making stupid posts that are full of FUD, because the world is much bigger then the little world you live in. 

Bullshit it was American investors that pushed the crypto to the 2017 levels

Everyone cashed out to avoid the crypto taxes and it caused the crash

Where is the rest of the worlds volume? Surely Japan south Korea China and the eu would have enough volume to make up


But no, nothing...markets been dead.

If we enter a global depression bit coin is going to a Penny

Do you realize how dumb you sound?  Cashing out to fiat is not a way to avoid tax liability. Converting crypto to crypto or crypto to fiat IS a taxable event, you moron.  Buying and holding is NOT a taxable event.

Explain why the stock market is at an all time high and every market globally is up except crypto?

Just look at bitcoins chart

https://coinmarketcap.com/currencies/bitcoin/#charts


It's one big pump and dump

Bitcoin is going back to it's $500 a coin price range by the end of 2018

I can explain that easily.  The price isn't stable enough or low enough to draw in the majority of institutional investors.  I see the bottom at 4-5K to be honest.  We may continue into this bear market for several months and the price will obviously drop.  I would bet everything I own that you won't see $500 BTC in 2018 though.  Not to say that I would be upset if it did drop that low though.  Would be buying the shit out of it at a discount like that. 

Stock market at an all time high?  The Dow Jones is down over 2K points from it's ATH.  Go look at historical stock market data from 1990 to 2008 (when the housing market crashed).  Not saying that it hasn't rebounded since then (10 years).   But what's your point?  By the way, who the fuck cares about price, unless you bought in at the top in December 2017?  That's your own mistake. 

[Vann]

The stock market at an ATH priced in USD is nothing earth shattering. When adjusted for inflation and priced in 1916 dollars, when people rode around in horse buggies, the DJIA has only gone up ~10X in 100 years since then. Some coins go up 10X in a week. LOL.

[Riptide_NVN]

Oh Jesus Christ.  Give me a break.

You can't buy lotto tickets with a credit card but the lottery takes in plenty of money.  While I don't agree with card issuers having this rule in place it is a minor thing.  And it is their business to run how they see fit.

I was pissed when I couldn't buy lotto tickets (stocking stuffers for xmas) with my credit card because the bad apples got to ruin it for everyone else apparently.  So I dealt with it and paid cash.  Whoopty doo.

[Steel45]

It wont be long and and Bitcoin be over 20k again then everybody be singing the praises of bitcoin

[shanepottermi]

If you bought 10,000.00 worth of ripple at 3.00 and it dropped.. you don't owe the IRS anything. You owe the IRS on PROFIT you made from Crypto not losses. If you gambled a large amount on credit with high interest you're an idiot. Countless movies have been made about bookies killing idiots who gambled money they couldn't afford to lose / pay. Its not the fault of the team you bet on that you lost money you couldn't afford to lose on credit.

[Riptide_NVN]

Mining and holding is a taxable event.

The ONLY way you avoid paying taxes is on a buy and hold.  End of story.

And that does you about zero good because sooner or later you sell for a profit ideally.  Taxable event.

Selling for a loss decreases taxable liability.  But who is in this to sell for a loss?

[gotminer]

Mining and holding is a taxable event.

The ONLY way you avoid paying taxes is on a buy and hold.  End of story.

And that does you about zero good because sooner or later you sell for a profit ideally.  Taxable event.

Selling for a loss decreases taxable liability.  But who is in this to sell for a loss?

BUT ... There is a difference between long term capital gains tax and short term capital gains tax.  Short term is basically your income tax rate.  Long term might be about 10% ish less.  Long term rate is on holdings for a year or more.

Mining in dire times .. Your hardware costs will offset any taxes that you'll ever pay, depending on the situation.  You pay the same tax as you do on your W2 income.  Whatever tax bracket you happen to fall into.  Mining, i'm just assuming that you were not a moron and started buying hardware at 2X msrp.  Otherwise, you're like me ... Don't really give a fuck about the downturn just yet.  Pay your expenses out of other income, and keep going.  Who the fuck cares?  People say, oh I have bills to pay .. Pay them with your fucking real job.  And pay for this hobby out of income from your real job. 

If you can't afford to pay the overhead out of your own pocket, you shouldn't be mining to begin with.