What`s going on with the price?

[Jaime Frontero]

17k blocks... somebody got married and bought a house, or divorced and bought a Ferrari

over a third of a million USD...

maybe both! 

[bitcoinminer]

17k blocks... somebody got married and bought a house, or divorced and bought a Ferrari

over a third of a million USD...

maybe both! 

Well, probably more like $200k.  I'm sure he reported it as a gain and paid the taxes on it.

[k]

17k blocks... somebody got married and bought a house, or divorced and bought a Ferrari

over a third of a million USD...

maybe both! 

Well, probably more like $200k.  I'm sure he reported it as a gain and paid the taxes on it.

if you successfully mine a block could that be considered like a lottery win? not sure in the US, but where I'm from lottery wins are tax free

[bitcoinminer]

where I'm from, lottery winnings are taxed 50-65%

[Jaime Frontero]

where I'm from, lottery winnings are taxed 50-65%

this is why we really need to be able to sell specific coins in the client.

given that i pay my taxes, and given that capital gains tax will treat these two cases quite differently:

1.) i mined a block in march, when Bitcoin was at 86 cents/BTC, and sold that block when Bitcoin was at $31; and

1.) i mined a block yesterday, when Bitcoin was at $20, and sold it today at $20.

i would really REALLY like the option to provably sell under the second scenario - saving my older (and subject to higher tax) Bitcoin for another time.

[Justsomeforumuser]

Not really because when price goes back up beyond $31 they'll be OK.

I love how people confuse "if" and "when". Or past with future performance.

that person decided he wanted some inflation funny money

I also love how people call the thing that you can still exchange almost anywhere in the world for food, travel, goods and services "funny money"(as opposed to BTC which can literally buy almost nothing BUT the funny money, funnily enough).

[bitcoinminer]

Not really because when price goes back up beyond $31 they'll be OK.

I love how people confuse "if" and "when". Or past with future performance.

that person decided he wanted some inflation funny money

I also love how people call the thing that you can still exchange almost anywhere in the world for food, travel, goods and services "funny money"(as opposed to BTC which can literally buy almost nothing BUT the funny money, funnily enough).

lol +2