yefi
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Activity: 2842
Merit: 1511
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November 14, 2015, 06:12:50 PM |
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Profit is realized when you close the trade, in whatever currency you happen to be using as the unit of account (typically your home currency).
So when I sold my Bitcoin for 7000 CNY, I did not realize my profit? Capital Gains Tax seems to think I did... |
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Meuh6879
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Activity: 1512
Merit: 1012
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November 14, 2015, 06:13:43 PM |
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Others are fucked like greek people, they are  before they know the Bitcoin possibilities. Not Bitcoins Members. We have already 5 distributor of prepayed Credit Card like ecoin, neteller, xapo and ... others. It's SEPA that it's fucked  |
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Hyperjacked
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Activity: 1624
Merit: 1126
It's all mathematics...!
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November 14, 2015, 06:41:01 PM |
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Dem bearish sentiments looks pretty healthy, rise could resume anytime from now.
Yes sir! The bollinger band is just getting primed for the next explosive move! Disclaimer:I'm Bullish after we kissed the 300 wall... |
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var53
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November 14, 2015, 06:41:23 PM |
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So those traders who sold at $2000 and thought Christmas had come early get screwed. If Gemini had a safety mechanism the error wouldn't have happened, It should compensate the traders who lost out. Bter has a warning box when you place an order with an excessive price. If Bter can do it, Gemini should have done it. |
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BlindMayorBitcorn
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Activity: 1260
Merit: 1116
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November 14, 2015, 06:44:02 PM |
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So those traders who sold at $2000 and thought Christmas had come early get screwed. If Gemini had a safety mechanism the error wouldn't have happened, It should compensate the traders who lost out. Bter has a warning box when you place an order with an excessive price. If Bter can do it, Gemini should have done it. It goes to show, there really is zero reason to ever sit fiat on an exchange. |
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MatTheCat
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November 14, 2015, 06:44:52 PM |
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good news is that at least we have double bottom at 325, and we have tested higher low.
bad news is trading volume still anemic...
Double Bottom at $325? Where? You mean on that long consolidation range which has failed to break out, and is now looking foreboding as hell? |
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yefi
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Activity: 2842
Merit: 1511
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November 14, 2015, 06:47:56 PM |
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Profit is realized when you close the trade, in whatever currency you happen to be using as the unit of account (typically your home currency).
So when I sold my Bitcoin for 7000 CNY, I did not realize my profit? Capital Gains Tax seems to think I did... Let's see... why yes, yes you did. You sold BTC for real money. Trade closed, profit realized. What is it you don't understand? Your contradiction? I am not using the Renminbi as my unit of account. |
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ChartBuddy
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Activity: 2618
Merit: 2292
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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November 14, 2015, 07:01:16 PM |
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yefi
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Activity: 2842
Merit: 1511
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November 14, 2015, 07:51:19 PM |
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Well, I may be wrong, but the rules here seem to state that the consideration from the disposal of an asset in a foreign currency should be measured in Sterling: http://www.hmrc.gov.uk/manuals/cgmanual/CG78310.htmAnyway, it doesn't matter, you know that as a prime example of the degenerate I'd...  |
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ChartBuddy
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Activity: 2618
Merit: 2292
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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November 14, 2015, 08:01:18 PM |
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JayJuanGee
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Activity: 4158
Merit: 12614
Self-Custody is a right. Say no to "non-custodial"
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November 14, 2015, 08:18:26 PM |
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poeple are always chasing yesterday news...
Are you saying btc isn't going to go up anymore? ;P just saying the auction has been priced in every which way at this point. Yep.... the auction is so last week... let's move on.  |
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JayJuanGee
Legendary
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Activity: 4158
Merit: 12614
Self-Custody is a right. Say no to "non-custodial"
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November 14, 2015, 08:27:11 PM |
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So those traders who sold at $2000 and thought Christmas had come early get screwed. If Gemini had a safety mechanism the error wouldn't have happened, It should compensate the traders who lost out. Bter has a warning box when you place an order with an excessive price. If Bter can do it, Gemini should have done it. It goes to show, there really is zero reason to ever sit fiat on an exchange. I was negatively affected by this trade reversal decision, and I think that it is really bullshit and unprofessional for them to authorize a reversal based merely on user error. If they were to authorize such reversal based on a technical glitch or a hacker, that would probably be a more justifiable reason. I'm going to attempt to communicate with them about honoring my trade (even if they personally have to absorb the cost (mine had been filled and subsequently reversed at merely in the mid $370s... those fuckers), and if they do not side with me, then I am likely going to discontinue using their services and pull my bitcoins (and fiat) from their exchange. Again, this is really bullshit, and goes to show really bad judgement in their lack of credibility building foresight. |
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Fatman3001
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Activity: 1554
Merit: 1014
Make Bitcoin glow with ENIAC
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November 14, 2015, 08:48:09 PM |
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@JJG
Sorry 'bout the reversal and stuff, but:
"...and goes to show really bad judgement in their lack of credibility building foresight."
How do you build these amazing sentences?
What does it even mean?
Do you work for an insurance company?
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BlindMayorBitcorn
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Activity: 1260
Merit: 1116
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November 14, 2015, 08:51:55 PM |
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@JJG
Sorry 'bout the reversal and stuff, but:
"...and goes to show really bad judgement in their lack of credibility-building foresight."
How do you build these amazing sentences?
What does it even mean?
Do you work for an insurance company?
He can have one of my extra-hyphens. Seems to help a little  |
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ChartBuddy
Legendary
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Activity: 2618
Merit: 2292
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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November 14, 2015, 09:01:14 PM |
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yefi
Legendary
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Activity: 2842
Merit: 1511
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November 14, 2015, 09:02:19 PM |
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Sure, i know bit-coiners prefer to find clever ways to get robbed, raped and murdered by CoinKing75 behind some disgusting dumpster transact off the books. Just friendly chit-chat to pass the time, as bit-market readies itself for the next precipitous drop.
But don't let me distract you from your orgy of crime any longer.
Why it was a pleasure to be distracted by you. I was suspended from the ceiling in fetish leather during our exchange and am afraid I cant type any longer du e t stcky on kuboard. |
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alesx.onfire
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November 14, 2015, 09:16:19 PM |
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320 still beter than 240
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JayJuanGee
Legendary
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Activity: 4158
Merit: 12614
Self-Custody is a right. Say no to "non-custodial"
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November 14, 2015, 09:17:24 PM |
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@JJG
Sorry 'bout the reversal and stuff, but:
"...and goes to show really bad judgement in their lack of credibility building foresight."
How do you build these amazing sentences?
What does it even mean?
Do you work for an insurance company?
The chosen words are meant to capture my thoughts at the moment. The meaning of my words should make sense, no? An exchange (Gemini) is fairly new on the bitcoin trading scene, and they have a bit of thinness in their trading books because they are still attempting to build their client-base. Thereafter, they pull these kinds of trade reversal shenanigans that is hardly heard of in professional trading. Such conduct seems amature.. and really unnecessary. On the other hand, if they wanted to keep their institutional client, or whoever else it was that made such fat thumbs trade error, then maybe Gemini should consider some potential compromise solution that does not necessarily involve reversing a bunch of trades - especially trades that are reasonably within bitcoin's current trading price. $300, $400 $500 are all reasonably within price ranges that BTC prices can go in a quick way. |
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JayJuanGee
Legendary
Offline
Activity: 4158
Merit: 12614
Self-Custody is a right. Say no to "non-custodial"
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November 14, 2015, 09:18:45 PM |
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@JJG
Sorry 'bout the reversal and stuff, but:
"...and goes to show really bad judgement in their lack of credibility-building foresight."
How do you build these amazing sentences?
What does it even mean?
Do you work for an insurance company?
He can have one of my extra-hyphens. Seems to help a little Yes. Thanks for your assistance and your attempt to clarify matters. |
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