HairyMaclairy
Legendary
 Offline
Activity: 1442
Merit: 2285
Degenerate bull hatter & Bitcoin monotheist
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December 22, 2017, 11:23:57 PM |
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We are going to need a tranquilizer gun for Rose for the 2x fork on 28 December.
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Rosewater Foundation
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December 22, 2017, 11:25:25 PM |
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We are going to need a tranquilizer gun for Rose for the 2x fork on 28 December.
*Breathes into NASA puke bag* |
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jojo69
Legendary
Offline
Activity: 3626
Merit: 5300
diamond-handed zealot
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December 22, 2017, 11:29:24 PM |
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oopsie dooo
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BTCMILLIONAIRE
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December 22, 2017, 11:29:48 PM |
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Today most of us are getting near-to-death experience again and again. But wasn't this dump expected? This was in fact much required and much expected as well, for stability of bitcoin's further rise. Nothing in the world just goes up and more up, with any correction. These corrections (big or small) are the requirement of time, and we're having them now. So it's good.
Though I don't think so that bitcoin is gonna go less than $10,000. The current dump should be enough of correction.
Been in this for too long to really get fazed much anymore. It was actually quite entertaining to see a small fortune being wiped out of my portfolio over night. Perhaps I'd get an NDE if we went down like 99% though... that would hurt. Indeed. The vast majority of us bought in triple figures (or less....). This is just amusing. I've already got a return on my investment fiat wise. However, watching my net worth plummet by thousands was not pleasant at all.  Oh well, keep plugging away with mining shitcoins with my 1070.  I find it highly entertaining. Watching years of salaries disappear and reappear in the blink of an eye is just a lot of fun to me for some reason. I've been thinking of setting up a huuuuge LCD screen as a "painting above the fireplace" kind of thing, that visualizes my crypto portfolio. If I ever got to a point where millions just disappear and reappear every few minutes I'll probably just have to bite the bullet and do it. Maybe some guests would end up getting heart attacks watching it, who knows. |
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sirazimuth
Legendary
Offline
Activity: 3906
Merit: 4155
born once atheist
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December 22, 2017, 11:38:59 PM |
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So imagine if you pulled a rip van winkle deep sleep right after we broke 10 grande and now you just woke up to 14+ grande.
you'd be like "yeee hahhh!!"
then you'd be like..."hey, how come everyone in bitcoinland is so bummed out?...."
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york780
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December 22, 2017, 11:40:50 PM |
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So all this panic because Coinbase has some issues? Lmao pathetic
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yonton
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December 22, 2017, 11:41:00 PM |
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Its dipping again! Who the fuck is selling now?
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york780
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December 22, 2017, 11:42:03 PM |
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Its dipping again! Who the fuck is selling now?
weakhands + plebs |
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itod
Legendary
Offline
Activity: 1988
Merit: 1079
Honey badger just does not care
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December 22, 2017, 11:43:22 PM
Last edit: December 22, 2017, 11:59:17 PM by itod |
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Give me the February 5th 2018, 05/02/2018
Edited: original date was taken by a newbie with 12 posts, I would like 05/02/2018 if it is available.
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bitserve
Legendary
Offline
Activity: 2072
Merit: 1772
Self made HODLER ✓
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December 22, 2017, 11:44:36 PM |
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Well ... I doubled my bitcorns ....
hats off, that, by definition, takes some serious gonads Thanks.. It wasn't much. Just single digit, now double digits. This happens only once every two or three years, or I've managed to only do it twice so far. I make more bouncing around the alts. Congrats! Welcome to the double digits club!  I don't have the balls to trade big amounts anymore nor be overexposed to exchanges risk. You took the risk and you won, well done! |
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Ibian
Legendary
Offline
Activity: 2268
Merit: 1278
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December 22, 2017, 11:46:22 PM |
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So imagine if you pulled a rip van winkle deep sleep right after we broke 10 grande and now you just woke up to 14+ grande.
you'd be like "yeee hahhh!!"
then you'd be like..."hey, how come everyone in bitcoinland is so bummed out?...."
I like you. |
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bitserve
Legendary
Offline
Activity: 2072
Merit: 1772
Self made HODLER ✓
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December 22, 2017, 11:52:49 PM |
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Where we are going we won't give a shit about $6K "sideways" anymore.
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yonton
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December 22, 2017, 11:52:52 PM |
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I didn't think bitcoin could be this volatile with the size of market cap it has now. I was wrong. It's going haywire right now!
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BTCMILLIONAIRE
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December 22, 2017, 11:58:47 PM |
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Well ... I doubled my bitcorns ....
hats off, that, by definition, takes some serious gonads Thanks.. It wasn't much. Just single digit, now double digits. This happens only once every two or three years, or I've managed to only do it twice so far. I make more bouncing around the alts. I much prefer bouncing around alts as well. That also avoids some other... less pleasant issues. |
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TERA2
Full Member
Offline
Activity: 266
Merit: 222
Deb Rah Von Doom
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December 22, 2017, 11:59:51 PM |
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Are you referring to like kind tax rule? I wonder if that applied to USDT as well? Either way its going away in the coming tax plan.
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jojo69
Legendary
Offline
Activity: 3626
Merit: 5300
diamond-handed zealot
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December 23, 2017, 12:06:07 AM |
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up up up
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BTCMILLIONAIRE
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December 23, 2017, 12:08:24 AM |
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Are you referring to like kind tax rule? I wonder if that applied to USDT as well? Either way its going away in the coming tax plan.
Among other things (fiat is just a pita to deal with). There are some other loopholes though, which I'd assume would only apply in a very limited way in the US, if at all. |
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rolling
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December 23, 2017, 12:12:59 AM |
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Yeah, every trade is a taxable event to US persons. Whether that is buying coffee or litecoin. It is property according to the IRS.
Even if you thought you could get away with the like kind exchange rule, you still have to report every trade individually on the exemption form.
If it were classified as a stock, you could just report net gains and losses but not so with property.
They have made compliance nearly impossible so unless someone passes a law to exempt transactions prior to a certain date, a lot of people are going to owe back taxes and penalties if not jail time.
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BTCMILLIONAIRE
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December 23, 2017, 12:14:04 AM |
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Yeah, every trade is a taxable event to US persons. Whether that is buying coffee or litecoin. It is property according to the IRS.
Even if you thought you could get away with the like kind exchange rule, you still have to report every trade individually on the exemption form.
If it were classified as a stock, you could just report net gains and losses but not so with property.
They have made compliance nearly impossible so unless someone passes a law to exempt transactions prior to a certain date, a lot of people are going to owe back taxes and penalties if not jail time.
Simple solution: Become an expat. |
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