bitcoin_purist
Member
 Offline
Activity: 75
Merit: 10
Fearless, except for those who are fearless
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September 09, 2014, 07:21:28 PM |
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During those times it was so much fun. I remember the forum frenzy and the thrills everybody got when price was going up insanely. Was pretty counterproductive as I was staring too long at the price and working at least 20% less. But nevertheless, IT WAS FUN. Oh, the good old times.
What kind of memories do you have with the rallies?
100% pure adrenaline watching the charts in realtime and the physical rush afterwards! But last months I'm even more dedicated to price checking, it's unhealty. I should quit. It's not about the money but more about the thrill. |
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picolo
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September 25, 2014, 02:07:19 PM |
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During those times it was so much fun. I remember the forum frenzy and the thrills everybody got when price was going up insanely. Was pretty counterproductive as I was staring too long at the price and working at least 20% less. But nevertheless, IT WAS FUN. Oh, the good old times.
What kind of memories do you have with the rallies?
100% pure adrenaline watching the charts in realtime and the physical rush afterwards! But last months I'm even more dedicated to price checking, it's unhealty. I should quit. It's not about the money but more about the thrill. It rapidly gets about the money when you are showing a huge profit and feel a lot freer than before because you won! |
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findftp
Legendary
Offline
Activity: 1022
Merit: 1006
Delusional crypto obsessionist
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September 25, 2014, 02:12:29 PM |
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Its ok to remember rallies, to try to predict future ones and shut up the FUDsters  I did predict. My prediction actually started today and runs for 30 days. I made the prediction months ago. Lets see. <- look at the left |
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piramida
Legendary
Offline
Activity: 1176
Merit: 1010
Borsche
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September 25, 2014, 04:27:38 PM |
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Hard to imagine anyone able to hold onto their coin when the price went up to 1200.
If anyone who hold and didn't sell by then, I can't think of a reason they will ever sell.
Lots of people fail to understand that for many of us, having personal savings in bitcoin *is* the end goal. You don't pull out your retirement fund to convert it into euro when dollar is strong as it is now, do you? Makes no sense for bitcoin, too. Can sell to get as much fiat as you need when the price is right, that's true. But if you don't need fiat, why would you sell the better money? Beats me. |
i am satoshi
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Torque
Legendary
Offline
Activity: 3570
Merit: 5042
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September 25, 2014, 07:17:32 PM |
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Hard to imagine anyone able to hold onto their coin when the price went up to 1200.
If anyone who hold and didn't sell by then, I can't think of a reason they will ever sell.
Lots of people fail to understand that for many of us, having personal savings in bitcoin *is* the end goal. You don't pull out your retirement fund to convert it into euro when dollar is strong as it is now, do you? Makes no sense for bitcoin, too. Can sell to get as much fiat as you need when the price is right, that's true. But if you don't need fiat, why would you sell the better money? Beats me. The other thing to keep in mind is that at least now here in the U.S., many bitcoin owners are worried that if they sell btc for fiat, even during a peak, that they'll have to report that as income for tax purposes. Uncle Sam could get up to 50% of your bitcoin profits, which would defeat the purpose. So this is likely to dissuade bitcoin owners from divesting too much during future rallies, which actually is a good thing. Hopefully in the future, there will be less and less reasons to sell btc for fiat. Someday I want to buy a new custom house directly with bitcoin! |
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jaredboice
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September 25, 2014, 07:50:13 PM |
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Hard to imagine anyone able to hold onto their coin when the price went up to 1200.
If anyone who hold and didn't sell by then, I can't think of a reason they will ever sell.
Lots of people fail to understand that for many of us, having personal savings in bitcoin *is* the end goal. You don't pull out your retirement fund to convert it into euro when dollar is strong as it is now, do you? Makes no sense for bitcoin, too. Can sell to get as much fiat as you need when the price is right, that's true. But if you don't need fiat, why would you sell the better money? Beats me. The other thing to keep in mind is that at least now here in the U.S., many bitcoin owners are worried that if they sell btc for fiat, even during a peak, that they'll have to report that as income for tax purposes. Uncle Sam could get up to 50% of your bitcoin profits, which would defeat the purpose. So this is likely to dissuade bitcoin owners from divesting too much during future rallies, which actually is a good thing. Hopefully in the future, there will be less and less reasons to sell btc for fiat. Someday I want to buy a new custom house directly with bitcoin! 50%? For what income bracket? And what are the odds that crypto currencies will eventually destroy the IRS and their ability to track anything? That would be a great day |
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CryptoCarmen
Member
Offline
Activity: 84
Merit: 10
★Bitin.io★ - Instant Exchange
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September 25, 2014, 09:04:38 PM |
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Hard to imagine anyone able to hold onto their coin when the price went up to 1200.
If anyone who hold and didn't sell by then, I can't think of a reason they will ever sell.
Lots of people fail to understand that for many of us, having personal savings in bitcoin *is* the end goal. You don't pull out your retirement fund to convert it into euro when dollar is strong as it is now, do you? Makes no sense for bitcoin, too. Can sell to get as much fiat as you need when the price is right, that's true. But if you don't need fiat, why would you sell the better money? Beats me. The other thing to keep in mind is that at least now here in the U.S., many bitcoin owners are worried that if they sell btc for fiat, even during a peak, that they'll have to report that as income for tax purposes. Uncle Sam could get up to 50% of your bitcoin profits, which would defeat the purpose. So this is likely to dissuade bitcoin owners from divesting too much during future rallies, which actually is a good thing. Hopefully in the future, there will be less and less reasons to sell btc for fiat. Someday I want to buy a new custom house directly with bitcoin! 50%? For what income bracket? And what are the odds that crypto currencies will eventually destroy the IRS and their ability to track anything? That would be a great day I think they will be happy that fiat is gone, since you cant trace fiat, but can trace BTC. |
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picolo
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September 28, 2014, 09:05:24 PM |
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Hard to imagine anyone able to hold onto their coin when the price went up to 1200.
If anyone who hold and didn't sell by then, I can't think of a reason they will ever sell.
Lots of people fail to understand that for many of us, having personal savings in bitcoin *is* the end goal. You don't pull out your retirement fund to convert it into euro when dollar is strong as it is now, do you? Makes no sense for bitcoin, too. Can sell to get as much fiat as you need when the price is right, that's true. But if you don't need fiat, why would you sell the better money? Beats me. The other thing to keep in mind is that at least now here in the U.S., many bitcoin owners are worried that if they sell btc for fiat, even during a peak, that they'll have to report that as income for tax purposes. Uncle Sam could get up to 50% of your bitcoin profits, which would defeat the purpose. So this is likely to dissuade bitcoin owners from divesting too much during future rallies, which actually is a good thing. Hopefully in the future, there will be less and less reasons to sell btc for fiat. Someday I want to buy a new custom house directly with bitcoin! 50%? For what income bracket? And what are the odds that crypto currencies will eventually destroy the IRS and their ability to track anything? That would be a great day I think they will be happy that fiat is gone, since you cant trace fiat, but can trace BTC. Cash is horrible for the IRS but you can hide your bitcoins and your bitcoin transactions in the sense that nobody can know who sends and you receives if you are using clean btc and if you are careful |
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jaredboice
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September 29, 2014, 12:32:08 AM |
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Hard to imagine anyone able to hold onto their coin when the price went up to 1200.
If anyone who hold and didn't sell by then, I can't think of a reason they will ever sell.
Lots of people fail to understand that for many of us, having personal savings in bitcoin *is* the end goal. You don't pull out your retirement fund to convert it into euro when dollar is strong as it is now, do you? Makes no sense for bitcoin, too. Can sell to get as much fiat as you need when the price is right, that's true. But if you don't need fiat, why would you sell the better money? Beats me. The other thing to keep in mind is that at least now here in the U.S., many bitcoin owners are worried that if they sell btc for fiat, even during a peak, that they'll have to report that as income for tax purposes. Uncle Sam could get up to 50% of your bitcoin profits, which would defeat the purpose. So this is likely to dissuade bitcoin owners from divesting too much during future rallies, which actually is a good thing. Hopefully in the future, there will be less and less reasons to sell btc for fiat. Someday I want to buy a new custom house directly with bitcoin! 50%? For what income bracket? And what are the odds that crypto currencies will eventually destroy the IRS and their ability to track anything? That would be a great day I think they will be happy that fiat is gone, since you cant trace fiat, but can trace BTC. Good luck tracing, DarkCoin |
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