Augie Posted February 13, 2018 Share Posted February 13, 2018 50 minutes ago, Greybeard said: It could have been a loss. How do they know what price you obtained it at? And think of all the fun @plenzmd1 could have during an audit! THAT sounds like a blast! Quote Link to comment Share on other sites More sharing options...
PolishDave Posted February 13, 2018 Share Posted February 13, 2018 22 hours ago, /dev/null said: Glad you didn't go the bitcoin route. If you had tried to cash out thru any reputable financial institution the transaction would be reported to the IRS and you would have been sent a 1099 next year reporting taxable investment income. Really? Because I never got one. Quote Link to comment Share on other sites More sharing options...
Jauronimo Posted February 13, 2018 Share Posted February 13, 2018 14 hours ago, Greybeard said: It could have been a loss. How do they know what price you obtained it at? They don't. You have to track it and provide that information to the best of your ability, theoretically. Unless your Coinbase or Gemini accounts are over $20,000 in size then the IRS isn't tracking you at the moment. Quote Link to comment Share on other sites More sharing options...
Foxx Posted February 14, 2018 Author Share Posted February 14, 2018 LTC has broken to the upside. it is quite possible that it could be the leading indicator of a breakout of the consolidation phase we are currently in. up over 30% today. Quote Link to comment Share on other sites More sharing options...
mead107 Posted February 15, 2018 Share Posted February 15, 2018 I’m taking meadcoin to Wall Street. Next year Quote Link to comment Share on other sites More sharing options...
BuffaloBill Posted February 19, 2018 Share Posted February 19, 2018 Foxx was this you? $400MM Bitcoin purchase: https://www.marketwatch.com/story/anonymous-trader-buys-400-million-of-bitcoin-2018-02-16?siteid=yhoof2&yptr=yahoo Quote Link to comment Share on other sites More sharing options...
Foxx Posted February 20, 2018 Author Share Posted February 20, 2018 On 2/19/2018 at 4:49 PM, BuffaloBill said: Foxx was this you? $400MM Bitcoin purchase: https://www.marketwatch.com/story/anonymous-trader-buys-400-million-of-bitcoin-2018-02-16?siteid=yhoof2&yptr=yahoo lol, no unfortunately not, but did that person time it or what? i have never been exceptionally adept at timing the bottoms. however, my track record of hitting at or near the tops is quite good if i do say so. for those who understand the more traditional, time worn approach of wave theory... Quote Link to comment Share on other sites More sharing options...
John from Riverside Posted February 21, 2018 Share Posted February 21, 2018 18 hours ago, Foxx said: lol, no unfortunately not, but did that person time it or what? i have never been exceptionally adept at timing the bottoms. however, my track record of hitting at or near the tops is quite good if i do say so. for those who understand the more traditional, time worn approach of wave theory... I told you I was getting into it! (just kidding mine was a very modest purchase) Quote Link to comment Share on other sites More sharing options...
Foxx Posted February 21, 2018 Author Share Posted February 21, 2018 15 minutes ago, John from Hemet said: I told you I was getting into it! (just kidding mine was a very modest purchase) congrats Quote Link to comment Share on other sites More sharing options...
plenzmd1 Posted March 8, 2018 Share Posted March 8, 2018 Coinbase is going to offer a fund comprised now of cryptos..like this idea https://www.washingtonpost.com/news/the-switch/wp/2018/03/07/coinbase-a-top-cryptocurrency-exchange-is-launching-an-index-fund/?utm_term=.59e2c8f408a9 Quote Link to comment Share on other sites More sharing options...
mead107 Posted March 8, 2018 Share Posted March 8, 2018 Meadcoin still the best Quote Link to comment Share on other sites More sharing options...
TheElectricCompany Posted March 8, 2018 Share Posted March 8, 2018 1 hour ago, mead107 said: Meadcoin still the best Dogecoin is the best coin. Quote Link to comment Share on other sites More sharing options...
Jauronimo Posted March 8, 2018 Share Posted March 8, 2018 15 minutes ago, TheElectricCompany said: Dogecoin is the best coin. Such coin. Much currency. Very wow. Quote Link to comment Share on other sites More sharing options...
plenzmd1 Posted March 12, 2018 Share Posted March 12, 2018 (edited) Oliver was pretty good on this last night..need to change Foxx to Dan https://www.theverge.com/tldr/2018/3/12/17108852/john-oliver-explaining-bitcoin-cryptocurrency-blockchain-watch-this BTW, this is long, like 25 minutes. The pump and dumps ..wow Edited March 12, 2018 by plenzmd1 Quote Link to comment Share on other sites More sharing options...
Foxx Posted March 12, 2018 Author Share Posted March 12, 2018 3 hours ago, plenzmd1 said: Oliver was pretty good on this last night..need to change Foxx to Dan https://www.theverge.com/tldr/2018/3/12/17108852/john-oliver-explaining-bitcoin-cryptocurrency-blockchain-watch-this BTW, this is long, like 25 minutes. The pump and dumps ..wow Dan is my real first name. 1 Quote Link to comment Share on other sites More sharing options...
VeryWeakPassword Posted March 13, 2018 Share Posted March 13, 2018 I've been trading crypto since November, got in just in time for a ridiculous bull run, I thought I found the golden goose, made 3x my investment basically knowing nothing. January was a rude awakening, lost most of my profit. Crypto world is filled with shady con artists and many who have conned themselves into believing they are on the forefront of a social movement that will change the world. Here's a good article that I agree with, the technology underpinning crypto currencies is real and will become ubiquitous but Bitcoin and all these other coins - there is no end game for most of them. They aren't necessary. I do believe there will always be an anonymous crypto coin or two that will be used by criminals. Monero I think is one being used now for that purpose. Bitcoin is far from anonymous. How Bitcoin Ends https://www.fastcompany.com/40537404/how-bitcoin-ends Quote Link to comment Share on other sites More sharing options...
PolishDave Posted March 13, 2018 Share Posted March 13, 2018 (edited) 6 hours ago, VeryWeakPassword said: I've been trading crypto since November, got in just in time for a ridiculous bull run, I thought I found the golden goose, made 3x my investment basically knowing nothing. January was a rude awakening, lost most of my profit. Crypto world is filled with shady con artists and many who have conned themselves into believing they are on the forefront of a social movement that will change the world. Here's a good article that I agree with, the technology underpinning crypto currencies is real and will become ubiquitous but Bitcoin and all these other coins - there is no end game for most of them. They aren't necessary. I do believe there will always be an anonymous crypto coin or two that will be used by criminals. Monero I think is one being used now for that purpose. Bitcoin is far from anonymous. How Bitcoin Ends https://www.fastcompany.com/40537404/how-bitcoin-ends The article starts out pretty good but starts twisting into an opinionated piece rather than an objective one. The guy says "The money itself is worthless. Less than worthless, in fact." Anyone who claims Bitcoin is worthless right now is ignoring reality. That is not opinion. That is fact. They may as well make the claim that dollars and Euros are worthless too. And we all know they are not. Any one of those three (US dollars, Euros, Bitcoins) might end up worthless someday. That is probably inevitable. But none of them are currently worthless. And Bitcoin certainly is not worthless when there are currently millions of people willing to trade you approximately $9,000 US dollars for one Bitcoin. If and when the price of Bitcoin goes to zero - well then yes it will be worthless. And it probably will do that someday - maybe this year - maybe a thousand years from now. And it is also possible - even just as likely if not more likely - that the value of it goes to $50,000 US dollars or $100,000 or $1,000,000 before it goes to zero. That is why it is risky. The author's line of thinking is the same as newly invented buggy whip manufacturers choosing not to bother making buggy whips because someday a new vehicle "the automobile" would come along and render the buggy whips for carriage and buggy owners nearly obsolete. Meanwhile - actual intelligent entrepreneurs manufactured them and profited from it for (I don't know) a thousand years or more perhaps? Who was the smart one - the guy who decided to make hay while the sun was shining or the guy who said - I am not going to bother making hay because some day it is going to rain again? Edited March 13, 2018 by PolishDave Quote Link to comment Share on other sites More sharing options...
TheElectricCompany Posted March 13, 2018 Share Posted March 13, 2018 I'm still struggling with blockchain and how revolutionizing it will be. Can't help but feel that is a manufactured problem, where the current system simply needs a tune up, not that it needs to be replaced with an open source "public ledger" power suck. Bring on the blockchain bros to tell me how I'm wrong! Quote Link to comment Share on other sites More sharing options...
row_33 Posted March 13, 2018 Share Posted March 13, 2018 1 hour ago, TheElectricCompany said: I'm still struggling with blockchain and how revolutionizing it will be. Can't help but feel that is a manufactured problem, where the current system simply needs a tune up, not that it needs to be replaced with an open source "public ledger" power suck. Bring on the blockchain bros to tell me how I'm wrong! those who are in the midst of it have a good thing going not sure how one suddenly jumps onto the "next thing" when its developed better off getting in on the ground floor for the "next thing" Quote Link to comment Share on other sites More sharing options...
PolishDave Posted March 14, 2018 Share Posted March 14, 2018 On 3/13/2018 at 1:02 PM, TheElectricCompany said: I'm still struggling with blockchain and how revolutionizing it will be. Can't help but feel that is a manufactured problem, where the current system simply needs a tune up, not that it needs to be replaced with an open source "public ledger" power suck. Bring on the blockchain bros to tell me how I'm wrong! Are you honestly asking about blockchain technology or are you asking about Bitcoin but saying blockchain? Because they are two different questions with two different answers. Seems like you are meaning to ask about Bitcoin but you are using the word blockchain. Quote Link to comment Share on other sites More sharing options...
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