[LABCOIN] IPO [BTCT.CO] - Details/FAQ and Discussion (ASIC dev/sales/mining)

[hasher87]

go to 0.0035+ then i'll be happy with my 0.0024 purchase 

[yuansuyi]

Get ready for lift off.  If you haven't bought in lower than .003, you will miss the train.  Seeya. 

I just sold 1500 shares at 0.0024 which I brought yesterday at 0.0021, hate myself. should avoid day trading.
Now I'm holding 13K shares.

[Bitcycle]

How's that slow drift down to 0.0016 coming?

[demzie]

How's that slow drift down to 0.0016 coming?

Hahahaha

yuansuyi -> sell again

[dhenson]

Get ready for lift off.  If you haven't bought in lower than .003, you will miss the train.  Seeya. 

I just sold 1500 shares at 0.0024 which I brought yesterday at 0.0021, hate myself. should avoid day trading.
Now I'm holding 13K shares.

.... and now the tax man knows how much to charge.

[Luckybit]

Get ready for lift off.  If you haven't bought in lower than .003, you will miss the train.  Seeya. 

I just sold 1500 shares at 0.0024 which I brought yesterday at 0.0021, hate myself. should avoid day trading.
Now I'm holding 13K shares.

.... and now the tax man knows how much to charge.

There are no taxes because its not regulated. It's income taxed only if you cash out.

[VolanicEruptor]

It can be argued that the government should get their share of capital gains, whether or not you have converted back to fiat.
But then that means we should be able to account for capital losses too.. and I can just see them acknowledging that  riiight

[Luckybit]

It can be argued that the government should get their share of capital gains, whether or not you have converted back to fiat.
But then that means we should be able to account for capital losses too.. and I can just see them acknowledging that  riiight

No, that would be straight up unconstitutional. Private currencies are not legal tender.
It's impossible to report a capital gain on stuff like this anyway.

[Vycid]

It can be argued that the government should get their share of capital gains, whether or not you have converted back to fiat.
But then that means we should be able to account for capital losses too.. and I can just see them acknowledging that  riiight

No, that would be straight up unconstitutional. Private currencies are not legal tender.
It's impossible to report a capital gain on stuff like this anyway.

Are you telling me that gold speculators don't have to pay capital gains?

[yuansuyi]

It can be argued that the government should get their share of capital gains, whether or not you have converted back to fiat.
But then that means we should be able to account for capital losses too.. and I can just see them acknowledging that  riiight

No, that would be straight up unconstitutional. Private currencies are not legal tender.
It's impossible to report a capital gain on stuff like this anyway.

Guys, please don't worry about me, tax man in my country do not read English well, and they normally don't tax on individual's income unless you're millionaire.

[somestranger]

Are you telling me that gold speculators don't have to pay capital gains?

They don't pay taxes on unrealized gains.

[redbeans2012]

It can be argued that the government should get their share of capital gains, whether or not you have converted back to fiat.
But then that means we should be able to account for capital losses too.. and I can just see them acknowledging that  riiight

No, that would be straight up unconstitutional. Private currencies are not legal tender.
It's impossible to report a capital gain on stuff like this anyway.

Guys, please don't worry about me, tax man in my country do not read English well, and they normally don't tax on individual's income unless you're millionaire.

What country is that? I wanna come

[yuansuyi]

It can be argued that the government should get their share of capital gains, whether or not you have converted back to fiat.
But then that means we should be able to account for capital losses too.. and I can just see them acknowledging that  riiight

No, that would be straight up unconstitutional. Private currencies are not legal tender.
It's impossible to report a capital gain on stuff like this anyway.

Guys, please don't worry about me, tax man in my country do not read English well, and they normally don't tax on individual's income unless you're millionaire.

What country is that? I wanna come

China, I don't think you wanna come.

[Vycid]

Are you telling me that gold speculators don't have to pay capital gains?

They don't pay taxes on unrealized gains.

So if I use gold Krugerrands that I bought at $200 each to directly purchase a new car, I owe no capital gains tax?

Edit: A quick google tells me they are not only still taxed, they are taxed as "collectibles" at a higher rate than other securities (28% long-term). The tax is assessed based on the fair market value in USD of the item directly purchased with Krugerrands.

[redbeans2012]

It can be argued that the government should get their share of capital gains, whether or not you have converted back to fiat.
But then that means we should be able to account for capital losses too.. and I can just see them acknowledging that   riiight

No, that would be straight up unconstitutional. Private currencies are not legal tender.
It's impossible to report a capital gain on stuff like this anyway.

Guys, please don't worry about me, tax man in my country do not read English well, and they normally don't tax on individual's income unless you're millionaire.

What country is that? I wanna come

China, I don't think you wanna come.

You don't like it? I would like to visit at least. Whoops Going off topic here sorry guys.

[merv77]

what's going on with BTC-TC...
It's off line for me, is it same for others...

EDIT.  are you guys crashing it..?

[Vycid]

what's going on with BTC-TC...
It's off line for me, is it same for others...

EDIT.  are you guys crashing it..?

Yeah, it's down for me. I'm sure it's a technical issue.

[zefyr0s]

Are you telling me that gold speculators don't have to pay capital gains?

They don't pay taxes on unrealized gains.

Correctly until they realize said unrealized gains. IE: when you cash out.

This is where bitcoin is going to go. You aren't going to be able to say someone owes a certain amount of taxes in their bitcoins. When they exchange bitcoins to USD or another currency it will be exposed to the taxation of that currency. Easiest down-the-middle I can think of.

[Zubilica]

what's going on with BTC-TC...
It's off line for me, is it same for others...

EDIT.  are you guys crashing it..?

Naa, it works .

I'm still amazed about how ppl mind work, someone yells "FIRE shares going down" . Place a few sell orders and make profit. It works every time.

Then you have to wait, and buy at a lower price

Anyhow it seems we will not see this weekend shares lower that 0.002404 , it is a pretty solid wall there

http://en.wikipedia.org/wiki/Buyer%27s_remorse

You want proof :

[carpetbagger]

Zubilica, what does buyer's remorse have to do with an upward trending chart?