BlindMayorBitcorn
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June 16, 2017, 02:29:46 PM |
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The realtors don't ask questions, after all, they have already landed. (In fact, even non residents can own property, as long as they pay.)
I heard a story about this wealthy Chinese, moved to Canada, bought a large plot of land with a house in it (even though he did not like the house), demolished the house, and put up a new one that looks the way he wants it to look (like a Chinese temple or something, all bright red and that, yes, it's the stereotype too.) Cash.
So much for China's yearly capital controls, har har. Of course the wealthy always know a way to grease the wheels. Enter Bitcoin stage left. |
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"The nature of Bitcoin is such that once version 0.1 was released, the
core design was set in stone for the rest of its lifetime." -- Satoshi
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HI-TEC99
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June 16, 2017, 02:41:32 PM |
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I'm sure he can think of something. This part is best left to your imagination. The drug guys and organized crime have been doing it for years. Or you could mix it up and use your crypto to buy PMs (like gold or silver) from a reputable site then sell those to a PM dealer local to you. (Big transactions will get recorded.)
Or, you know, you could always just say that you got your bitcoin from Mt. Gox. Or from Cryptsy. Or from [ insert any other exchange that disappeared here]. How would they know otherwise? If they are tech savvy they would use a site like this one that uses taint analysis to calculate where coins came from. This is the free version, but there's a better paid version that exchanges probably use. https://www.walletexplorer.com/That's probably how coinbase knows if your coins break its rules by being associated with a gambling site. |
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fluidjax
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June 16, 2017, 03:09:41 PM |
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I'm sure he can think of something. This part is best left to your imagination. The drug guys and organized crime have been doing it for years. Or you could mix it up and use your crypto to buy PMs (like gold or silver) from a reputable site then sell those to a PM dealer local to you. (Big transactions will get recorded.)
Or, you know, you could always just say that you got your bitcoin from Mt. Gox. Or from Cryptsy. Or from [ insert any other exchange that disappeared here]. How would they know otherwise? But they don't work like that, the just put a hold on your money and say prove what you say is true. You effectively need to prove your innocence. I have already pulled together a bunch of historic records from all the places I bought bitcoins from back in the day. Plus having some old private keys of where your coin used to be will help, as you can sign a message saying that this address belongs to me. So you can show a trail. (I think for most people this is only important for property purchases) |
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d_eddie
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June 16, 2017, 03:16:21 PM |
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Interesting. I checked it out and I see his point, it definitely makes some sense. But one thing I don't understand: how can the Powers That Be (central banks, GSachs etc) keep the price low if they have to continually buy? Dump, dump dump... what do they do when the ammo's over? Buy again at a presumably higher price? Every single btc that gets bought by someone else at those lower prices will eventually push the actual rebuying price higher. Or is something escaping me? |
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becoin
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Activity: 3431
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June 16, 2017, 03:33:18 PM |
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Dump, dump dump... what do they do when the ammo's over?
Two options: - Rob an exchange or other bitcoin business that hold customer bitcoins. - With margin trading you can sell bitcoins without having a single bitcoin. |
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ARTISTCOLONY
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Activity: 56
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June 16, 2017, 03:37:42 PM |
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SegWit arguement has be quashed ===> FLORINS(FLO) is going to be our guinea pig * https://poloniex.com/exchange#btc_flo  ~ see how easy that was? = Bitcoin just needs BIGGER 2MB blocks for now NOT EXPERIMENTAL HF!! lol |
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abercrombie
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Activity: 1159
Merit: 1001
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June 16, 2017, 03:48:30 PM |
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guys, we are getting segwit! are we rich yet??  |
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Fatov
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June 16, 2017, 03:50:05 PM |
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SegWit arguement has be quashed ===> FLORINS(FLO) is going to be our guinea pig * https://poloniex.com/exchange#btc_flo ~ see how easy that was? = Bitcoin just needs BIGGER 2MB blocks for now NOT EXPERIMENTAL HF!! lol Litecoin implemented segwit some weeks ago, its the best reference |
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JimboToronto
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You're never too old to think young.
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June 16, 2017, 04:20:09 PM |
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Good morning Bitcoinland.
It's starting to look like yesterday's HF panic was the bottom. It's already back up battling for $2500... currently $2485USD (Bitcoinaverage) after briefly hitting $2525.
Without the Bitmain horseshit, $2500 probably would have been the bottom. Instead we got an extra good buying opportunity
Hopefully the slow grind back up will continue.
____
I see there's a little discussion about my plans for the inevitable taxes on my Bitcoin earnings, but I have to rush out to an appointment. I'll comment later.
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Auxi
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June 16, 2017, 04:30:58 PM |
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I see there's a little discussion about my plans for the inevitable taxes on my Bitcoin earnings, but I have to rush out to an appointment. I'll comment later.
Where do you live? |
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Elwar
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Activity: 3598
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Viva Ut Vivas
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June 16, 2017, 04:36:05 PM |
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Good morning Bitcoinland.
It's starting to look like yesterday's HF panic was the bottom. It's already back up battling for $2500... currently $2485USD (Bitcoinaverage) after briefly hitting $2525.
Without the Bitmain horseshit, $2500 probably would have been the bottom. Instead we got an extra good buying opportunity
Hopefully the slow grind back up will continue.
____
I see there's a little discussion about my plans for the inevitable taxes on my Bitcoin earnings, but I have to rush out to an appointment. I'll comment later.
Consider this option. https://bitcointalk.org/index.php?topic=1963054.0 |
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gentlemand
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Welt Am Draht
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June 16, 2017, 05:23:24 PM |
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It's not exactly hard. Show them your exchange buys or mining records. Show them the sale. Dig out some old private keys if necessary. Pay yer tax. Away you go. That's not to say your bank won't have kittens anyway but you're not doing anything wrong. You're cashing in profits on something you own just as you would with shares or a classic car. Just dig out some proof of ownership. The actual law won't treat crypto any differently than anything else. Banks might be a different matter. |
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SalmonBraker
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June 16, 2017, 06:03:50 PM |
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Will we see €4000 this Dear bitches  |
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lost_in_base
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June 16, 2017, 06:16:28 PM |
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INCOMING!
PREPARE FOR THE DUMP
Im preparing for the dump on the moon Fuck, the dump came later than i expected and bought in too high.. INCOMING! PREPARE FOR THE PUMP
Bitmain shorted your money, assholes.. |
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Denker
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Activity: 1442
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June 16, 2017, 06:52:24 PM |
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Yeah this is indeed some great news! We will get SegWit as wished, without any modifications, and the HF stuff will come later. However does anybody here if it really will kill ASICBOOST now? I'm not that deep into the technical stuff and some opinions seems to differ here. Antpool and Bitmain will probably the last ones to signal. But I'm sure they will do. |
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STT
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Leading Crypto Sports Betting & Casino Platform
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June 16, 2017, 06:59:30 PM
Last edit: June 16, 2017, 07:12:41 PM by STT |
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Reading the ETH dev's AMA he relates to his own coins split and says any solution at all would be a positive after. Obviously the correct fork being able to then carry on, seems fair logic I guess but disruptive Kraken shows itself as past the downtrend of the last 42 hours. As always I'm more confident when a previous trend is confirmed, usually that means down and recovery from there as an echo so sideways maybe around 2050 from here is positive.
Overhead looking at a reaction to $2600 and 18195 CNY for direction.
With this recent retraction upwards, on a daily candle thats holding the trend since April which is bullish longer term
Kraken didnt confirm the push past downtrend before rising. Only short term line but worth noting. On bitstamp I drew in downtrend since ATH June 12th and we now match the lower highers since then also 2470 I think is a good line of previous low and highs or a possible ceiling. So I'll switch to say negative short term while we work out prices in this area, sideways can be positive relatively and that might be how it plays out. If it just carries on without hesitation here I guess I was wrong but often the charts for btc match previous prices quite neatly |
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