El duderino_
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BTC + Crossfit, living life.
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August 23, 2019, 10:24:19 PM |
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gentlemand
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Welt Am Draht
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August 23, 2019, 10:25:10 PM |
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I do wonder what happened to the "Oath Takers", those guys who would do anything to protect the constitution against an overreaching President.
Weird.
I think they're pissing in his Big Macs and the effects are slowly becoming increasingly apparent. All that Urea is forming crystals in his brain. I predict it will shatter on live TV.
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Cryptotourist
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August 23, 2019, 10:33:10 PM |
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Yeah, but sad to see Hal make such a logic error. If the currency equalled the value of worldwide wealth, that would make all wealth the currency, leaving real wealth -- houses, cars, industrial equipment, agricultural stocks ... everything -- completely worthless. householdAnd much like e v e r y t h i n g has a value in $ or whatever fiat atm, similarly, e v e r y t h i n g will have a value expressed in BTC. No error in the logic there man. In the year 2140.
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HairyMaclairy
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Degenerate bull hatter & Bitcoin monotheist
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August 23, 2019, 10:36:43 PM |
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Countries without tax on crypto Malta Portugal Belarus Panama Puerto Rico Singapore (individuals don't pay tax on profits from the crypto trading) Slovenia (if you have less than 100 tradable days per year) Germany (if you hold at least 1 year) Liberland (very pro-bitcoin micro state) Austria (if you hold at least 1 year) Denmark is still taxless. It won't STAY that way, getting out while I can. As a private person, non professional, prfits from monetary metals and BTC are taxfree in Belgium also. Even no need to declare as income. How are they going to know that you are holding crypto if you do not publicly disclose your addresses? It's only possible if someone is willingly paying their tax and one should do so. KYC. At some point most people have to get on a gateway to convert fiat to crypto and, at least in the developed countries, those are increasingly requiring stringent identification. Additionally there are some smart people that are already creating tools to track wallet movement and they can use a variety of techniques to tie those to people and groups. Basically, it wouldn't be smart to count on avoiding the taxman. The tax man may not be able to track your transactions today. But it is a public blockchain and records are there forever. The tax man will eventually figure it out.
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HairyMaclairy
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Degenerate bull hatter & Bitcoin monotheist
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August 23, 2019, 11:06:56 PM |
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The list of reasons to hold bitcoin keeps growing:
Imagine five years ago if in one solitary week the president of the United States of America - Referred to himself as 'the chosen one' 'Hereby' ordered all American companies to leave China just like that. Attempted to buy another country and called the PM of its custodian 'nasty' and cancelled his visit when they said they weren't too keen. Truly, we are living in v strange times. But Obama ordered a hamburger with Dijon mustard https://youtu.be/cAvq12Sa3VESo that makes it even
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El duderino_
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BTC + Crossfit, living life.
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August 23, 2019, 11:13:41 PM |
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The list of reasons to hold bitcoin keeps growing:
Imagine five years ago if in one solitary week the president of the United States of America - Referred to himself as 'the chosen one' 'Hereby' ordered all American companies to leave China just like that. Attempted to buy another country and called the PM of its custodian 'nasty' and cancelled his visit when they said they weren't too keen. Truly, we are living in v strange times. But Obama ordered a hamburger with Dijon mustard https://youtu.be/cAvq12Sa3VESo that makes it even And in Pulp fiction... Samuel L Jackson gets crazy, we Belgium guys eating French fries with mayonaise
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El duderino_
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BTC + Crossfit, living life.
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August 23, 2019, 11:14:33 PM |
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^ Turning around and back in HODLsleep.......
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HairyMaclairy
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Degenerate bull hatter & Bitcoin monotheist
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August 23, 2019, 11:23:18 PM |
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Nite mic
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Millionero
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August 23, 2019, 11:37:35 PM |
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The list of reasons to hold bitcoin keeps growing:
Imagine five years ago if in one solitary week the president of the United States of America - Referred to himself as 'the chosen one' 'Hereby' ordered all American companies to leave China just like that. Attempted to buy another country and called the PM of its custodian 'nasty' and cancelled his visit when they said they weren't too keen. Truly, we are living in v strange times. But Obama ordered a hamburger with Dijon mustard https://youtu.be/cAvq12Sa3VESo that makes it even And in Pulp fiction... Samuel L Jackson gets crazy, we Belgium guys eating French fries with mayonaise Are you Flemish or Walloon?
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STT
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August 23, 2019, 11:55:11 PM Last edit: August 24, 2019, 12:13:15 AM by STT |
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the most stunning thing to ever be unveiled at Jackson Hole - urging to replace the US Dollar with a "Libra-like" reserve currency Maybe he is hoping for a million a year job with a company like that advising. The idea isnt new, its already in existance and I dont believe it was ever intended for one country to be the global reserve. It has always been intended to be split with various nations as a percentage reserve. I dont know what is in effect the case now but obviously Dollar is dominant in world trade for many reasons current and historic. THe system thats already in operation and was last commonly mentioned around 2008 is the SDR system operated by the IMF. Again its FIAT basically with some gold and heavy political bias in there. SDR would take over from USD most likely. I think Carney is hoping to take over the IMF job that is changing if I remember the news right. I would relate this to Alan Greenspan talking about gold standard, completely seperate to how he operated policy when in office really.
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Biodom
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August 24, 2019, 12:20:23 AM Last edit: August 24, 2019, 12:31:42 AM by Biodom |
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Things are becoming more and more chaotic. My preference would be for flat equities and for bitcoin to appreciate against this background. It does not look this way at the moment. Dow is actually below its Jan 22, 2018 value, some bull market we have. Oh, well.
I am still of the opinion that bitcoin needs at least a flat market to grow. If stocks would get seriously smashed, btc would decline as well, at least initially.
Carney's libra-like ideas are meaningless without multiple major countries backing it and I don't see anyone even acknowledging it (so far).
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RoomBot
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August 24, 2019, 12:49:35 AM |
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If a european moved to PR, what would the tax situation look like?
I'd be more worried about hurricane shelters than tax shelters in Puerto Rico. On the plus side, you probably won't run out of paper towels anytime soon. No, Trump took all the paper towels back with him on AF1. Just a photo-op.
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RoomBot
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August 24, 2019, 12:54:27 AM Merited by gentlemand (1) |
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If a european moved to PR, what would the tax situation look like?
I'd be more worried about hurricane shelters than tax shelters in Puerto Rico. On the plus side, you probably won't run out of paper towels anytime soon. No, Trump took all the paper towels back with him on AF1. Just a photo-op. Don't ANYONE approach the Orange Cheeto about Bitcoin. He'll flip, he'll flop, he'll create total chaos. Keep him focused on the stock market, FFS.
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fillippone
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Fully fledged Merit Cycler - Golden Feather 22-23
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August 24, 2019, 01:10:07 AM |
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Carney's libra-like ideas are meaningless without multiple major countries backing it and I don't see anyone even acknowledging it (so far).
Libra-like ideas already exist: they are called SDR and are backed by IMF. As SDR aren’t backed by any countries, actually they are opposed by many countries (because, you know, controlling world reserve money means power), they are pretty much unused. This is the point: Libra doesn’t need the backing of countries to succeed. Libra could succeed where IMF failed.
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lightfoot
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I fix broken miners. And make holes in teeth :-)
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August 24, 2019, 01:46:42 AM |
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In the meantime it's looking like a good time to drop gold you hold and not bitcoins.
Cool time to be alive.
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Biodom
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August 24, 2019, 02:07:45 AM |
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In the meantime it's looking like a good time to drop gold you hold and not bitcoins.
Cool time to be alive.
I don't mind gold going up as it increases the value we can eventually take via wealth transfer from gold toward bitcoin (from the old to the new). However, everybody was predicting a retrace of 1300-1350. Instead, gold ripped up (for now)
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JayJuanGee
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Self-Custody is a right. Say no to"Non-custodial"
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August 24, 2019, 04:40:14 AM |
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Yeah, but sad to see Hal make such a logic error. If the currency equalled the value of worldwide wealth, that would make all wealth the currency, leaving real wealth -- houses, cars, industrial equipment, agricultural stocks ... everything -- completely worthless. I think that you have a decently good point there, jbreher. You gotta just count the value of various kinds of currencies that could be possibly be absorbed into bitcoin, and some of them are going to retain some value, even gold will not become worthless, and likely some paper currencies are still going to exist too. So the top number should be reconsidered in light of those kinds of factors regarding which values are likely to flow into bitcoin, and surely there is still a decently amount of more room for bitcoin to grow, and $20 trillion does not seem to be out of range, especially given that gold is about $7 trillion just by itself, and bitcoin is likely better than gold, even though a chunk of gold might make you feel good to hold in your hands, there is something pure about the liquidity of bitcoin being able to move it, store it, divide it and verify it with a lot better ease and more cheaply than gold without those third parties getting in the way, either.
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JayJuanGee
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Self-Custody is a right. Say no to"Non-custodial"
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August 24, 2019, 04:45:32 AM |
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Things are becoming more and more chaotic. My preference would be for flat equities and for bitcoin to appreciate against this background. It does not look this way at the moment. Dow is actually below its Jan 22, 2018 value, some bull market we have. Oh, well.
I am still of the opinion that bitcoin needs at least a flat market to grow. If stocks would get seriously smashed, btc would decline as well, at least initially.
Carney's libra-like ideas are meaningless without multiple major countries backing it and I don't see anyone even acknowledging it (so far).
You are surely coming off as a weak hand, Biodom.... like you are easily scared into doing something crazy, like selling on the way down (or worse at the bottom)...
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realr0ach
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#TheGoyimKnow
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August 24, 2019, 04:52:02 AM |
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The list of reasons to hold bitcoin keeps growing:
There's no reason to support ANY imaginary, valueless, digital shitcoin, govt tracking system, you 3 IQ idiot. It's playing out exactly as I said all along: https://www.zerohedge.com/news/2019-08-23/unprecedented-shocking-proposal-boes-mark-carney-urges-replacing-dollar-libraANY support for these valueless shitcoins just gives credence to the govt's Chinese social credit score, cashless society slavery system they're trying to impose. You're sitting here like a fucking drooling retard cheering for your own enslavement when you could just boycott all of this garbage, tell the govt and the evil cult of Judaism terrorists that they can go fuck themselves, you won't touch any of their digital scams, and insist on using only physical metals instead.
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