Author Topic: Bitcoin and Cryptocurrency Thread (Read 136764 times)

warcock · « **Reply #1201 on:** March 18, 2018, 05:48:42 AM »

Quote from: Atramental on March 18, 2018, 01:57:41 AM

I’m down to $9K now...

And I’m finally paying my taxes tomorrow. If I end up having to owe more money than I have right now in crypto I’m calling it quits.

I’m not cut out for this nonsense.

I’ll be fucking furious if I end up owing more than $10K in crypto taxes at this point due to all the trading I was doing at the end of 2017 with 30K to up to 50K in profits that all vanished in TWO fucking weeks in 2018.

I don't think you are accountable on a trade by trade basis for anything pre-2018. Furthermore you lost money, were you trading a lot in 2018? You didn't fiat anything did you?

headwalk · « **Reply #1202 on:** March 18, 2018, 09:50:38 AM »

you have to question whether my four days of crypto research and resulting TA predicted of all this, or caused it.

enjoying seeing ETH wiping its dirty ass all over the place and minetards making less money than the average person finds on the floor.

VomKriege · « **Reply #1203 on:** March 18, 2018, 09:58:02 AM »

Quote from: Atramental on February 16, 2018, 12:23:23 AM

Some would argue that the old guard of the finance/banking world are quaking in their boots due to crypto and are doing everything in their power to halt its growth.

...and I would have pulled it off too if it wasn't for you meddling taxes !

Atramental · « **Reply #1204 on:** March 18, 2018, 02:09:23 PM »

I'm fucked.

edit: I feel so sick right now.

zomgee · « **Reply #1205 on:** March 18, 2018, 02:16:02 PM »

How so?

Tasty · « **Reply #1206 on:** March 18, 2018, 02:22:30 PM »

Tasty · « **Reply #1207 on:** March 18, 2018, 02:25:12 PM »

Quote from: Atramental on January 02, 2018, 12:26:29 AM

Also, after I hit $50K I won't be showing my gains anymore. Eventually I'm going to have so much money that some unsavory people who lurk here might want a piece of my pie.

headwalk · « **Reply #1208 on:** March 18, 2018, 02:27:49 PM »

Huff · « **Reply #1209 on:** March 18, 2018, 02:48:05 PM »

Just don’t pay taxes on that stuff duh

Huff · « **Reply #1210 on:** March 18, 2018, 02:48:25 PM »

It’s only illegal if you’re caught

Tasty · « **Reply #1211 on:** March 18, 2018, 05:30:45 PM »

Just be like Patrick, Atra.

Assimilate · « **Reply #1212 on:** March 18, 2018, 05:33:25 PM »

i bought back in at $450 it's at $535

let's goooooo. soon as i'm breakeven or up a slight bit i'm FUCKING OUT

you gotta admit the rollercoaster is fun. HOWEVER

Atramental not pulling 50k, or at least half out and investing into a property or something is bananas level stupid dude.

You could have had a rental property pulling in income for LIFE you tard.

(talking as if i'd had done so myself)

agrajag · « **Reply #1213 on:** March 18, 2018, 05:41:43 PM »

Don't file the cryptos on your taxes Atra, most crypto traders aren't

Yeti · « **Reply #1214 on:** March 18, 2018, 08:13:14 PM »

Quote from: Tasty Meat on March 18, 2018, 02:25:12 PM

Quote from: Atramental on January 02, 2018, 12:26:29 AM
Also, after I hit $50K I won't be showing my gains anymore. Eventually I'm going to have so much money that some unsavory people who lurk here might want a piece of my pie.

Atra, I'll still want a piece of your pie even after you're broke and living in a gutter.

brawndolicious · « **Reply #1215 on:** March 19, 2018, 12:59:00 PM »

Atra you pulled out your initial investment right? So you're effectively 9k up (minus taxes). Effectively you can start this year fresh with a little bit more money and a lot more knowledge than you had last year.

But be warned, there will eventually (keyword) be no moon shots. It's all going to be small swings like the stock market as every wannabe with a finance degree is going into it.

kingv · « **Reply #1216 on:** March 19, 2018, 01:19:24 PM »

Quote from: zomgee on March 18, 2018, 02:16:02 PM

How so?

My guess is that he realized gains every time he traded from one crypto to another. And the net of that means he actually owes money on crypto he doesn’t currently have.

That said he SHOULD have been able to cash out completely and realize all of his losses and been square, but i think he would have had to do so last year.

Of course I’m making an implicit assumption that taxes on crypto is similar to taxes on stocks. I could be way wrong.

toku · « **Reply #1217 on:** March 19, 2018, 01:31:36 PM »

https://twitter.com/KrangTNelson/status/975768255389470722

Tasty · « **Reply #1218 on:** March 19, 2018, 02:13:01 PM »

The BTC bloodbath continues :'(

toku · « **Reply #1219 on:** March 20, 2018, 11:28:32 AM »

Child Abuse Imagery found within bitcoin's blockchain

Tasty · « **Reply #1220 on:** March 20, 2018, 12:23:55 PM »

zomgee · « **Reply #1221 on:** March 20, 2018, 02:09:01 PM »

Quote from: toku on March 20, 2018, 11:28:32 AM

Child Abuse Imagery found within bitcoin's blockchain

Fucking neckbeards.

Skullfuckers Anonymous · « **Reply #1222 on:** March 20, 2018, 02:12:28 PM »

Quote from: toku on March 20, 2018, 11:28:32 AM

Child Abuse Imagery found within bitcoin's blockchain

That's been the end goal all along.

zomgee · « **Reply #1223 on:** March 20, 2018, 02:15:11 PM »

Yeah, why not double down, good call.

nudemacusers · « **Reply #1224 on:** March 20, 2018, 03:27:46 PM »

Quote from: toku on March 20, 2018, 11:28:32 AM

Child Abuse Imagery found within bitcoin's blockchain

Amirox to HODL

kingv · « **Reply #1225 on:** March 20, 2018, 04:39:47 PM »

Quote from: Skullfuckers Anonymous on March 20, 2018, 02:12:28 PM

Quote from: toku on March 20, 2018, 11:28:32 AM
Child Abuse Imagery found within bitcoin's blockchain

That's been the end goal all along.

(Image removed from quote.)

Just because one might think heroin should be legal does not necessarily mean one should advocate keeping a kilo in your glove box.

Nintex · « **Reply #1226 on:** March 20, 2018, 05:19:42 PM »

I'm still undecided if I should buy more crypto on the low or cash out. At this point I'm still at about 20% profit.

Kurt Russell · « **Reply #1227 on:** March 21, 2018, 04:18:51 PM »

On a serious note, anybody who uses a classic bitcoin wallet that downloads a local copy of the blockchain may want to think about how comfortable they are about being in a legal grey area where they have non-directly accessible CP on their hard drive.

Olivia Wilde Homo · « **Reply #1228 on:** March 21, 2018, 06:57:08 PM »

Quote from: agrajag on March 18, 2018, 05:41:43 PM

Don't file the cryptos on your taxes Atra, most crypto traders aren't

http://time.com/money/5178950/the-irs-is-cracking-down-on-cryptocurrency-transactions-heres-what-that-means-for-you/

The IRS is going to have their way with so many tender cryptotrader buttholes this tax season

Joe Molotov · « **Reply #1229 on:** March 21, 2018, 08:00:09 PM »

"And what about here, during tax season, when there was only one set of footprints?"

And Kara replied: "My child, that is when I carried you."

Raist · « **Reply #1230 on:** March 22, 2018, 02:15:12 AM »

Quote from: Olivia Wilde Homo on March 21, 2018, 06:57:08 PM

Quote from: agrajag on March 18, 2018, 05:41:43 PM
Don't file the cryptos on your taxes Atra, most crypto traders aren't

http://time.com/money/5178950/the-irs-is-cracking-down-on-cryptocurrency-transactions-heres-what-that-means-for-you/

The IRS is going to have their way with so many tender cryptotrader buttholes this tax season

Given the past few days' news I'm sure the FBI will have a go as well.

headwalk · « **Reply #1231 on:** March 22, 2018, 07:46:01 AM »

seagrams hotsauce · « **Reply #1232 on:** March 23, 2018, 02:35:34 PM »

https://www.bostonglobe.com/business/2018/03/22/college-students-are-using-student-loans-invest-bitcoin-yes-really/Syr7mJpgIzDn6iOa6a0g5J/story.html

Quote

One-fifth of 1,000 students polled by The Student Loan Report, a website that reports on debt issues from the perspective of students, said they had used some of the money set aside for their living expenses to invest in cryptocurrencies. The survey was conducted by Pollfish, which specializes in online polling.

smfh

Nintex · « **Reply #1233 on:** March 23, 2018, 02:45:18 PM »

I'm trying to sell some ETH to pay for a parking ticket but no one seems to be biting.

benjipwns · « **Reply #1234 on:** March 24, 2018, 10:42:14 AM »

just watched that john oliver segment, was surprised he wasn't more negative about it, that's arguably one of the most positive and sensible things i've seen about cryptocurrencies in mainstream media even with the cute naive part about pump and dump along with currency trading in general (especially considering how many segments they've run on loans/debt)

long blockchain tea

sorta wish they got the actual bitconnect guy, assuming he's not dead or in prison or whatever i could probably wiki this

though now i can't stop thinking about that reporter who was overexcited about denuggeting chicken

Quote from: Skullfuckers Anonymous on March 20, 2018, 02:12:28 PM

That's been the end goal all along.

well i mean other than the part where you can produce heroin without harming someone

even if it's way less fun

spoiler (click to show/hide)

although i do think authorities probably could better allocate resources to unspool the supply chains of child pornography versus chasing easy wins against people with "many fetishes" like Amir0x and Dennis

especially when it's the authorities doing the file sharing of the child pornography in the first place

spoiler (click to show/hide)

i just wrote two sentences about the mechanics of sharing child pornography and i'm still more disgusted about that denuggeting reporter's face of joy

[close]

benjipwns · « **Reply #1235 on:** March 24, 2018, 10:45:48 AM »

HOOOLLLLYYYY FUCKING SHIT

https://twitter.com/CarlosMatos80/status/969181495184281600

https://twitter.com/CarlosMatos80/status/976278853906849793

Quote

Carlos Matos
@CarlosMatos80
Investor, Entrepreneur, Gym Enthusiast, Self-Made, Anti-Racist, Anti-LGBT

Atramental · « **Reply #1236 on:** March 24, 2018, 10:47:21 AM »

HERBALIIIIIIIFFFFEEE

benjipwns · « **Reply #1237 on:** March 24, 2018, 10:54:22 AM »

Carlos Matos clearly doesn't see pyramid scams or ponzi schemes he sees triangle opportunities.

Joe Molotov · « **Reply #1238 on:** March 24, 2018, 08:26:19 PM »

Self-made anti-racist

benjipwns · « **Reply #1239 on:** March 24, 2018, 09:42:58 PM »

Good to know it wasn't forced on him by social studies warriors at Hardvard.

naff · « **Reply #1240 on:** March 25, 2018, 05:18:19 PM »

Quote from: benjipwns on March 24, 2018, 10:45:48 AM

HOOOLLLLYYYY FUCKING SHIT

https://twitter.com/CarlosMatos80/status/969181495184281600

https://twitter.com/CarlosMatos80/status/976278853906849793

Quote
Carlos Matos
@CarlosMatos80
Investor, Entrepreneur, Gym Enthusiast, Self-Made, Anti-Racist, Anti-LGBT

https://twitter.com/CarlosMatos80/status/977995529148862465

Assimilate · « **Reply #1241 on:** March 29, 2018, 09:09:39 PM »

Is crypto over? Ethereum is below $370

Olivia Wilde Homo · « **Reply #1242 on:** March 30, 2018, 12:54:34 PM »

Cryptocurrency will never go away but it’s never going to be what it was again

Assimilate · « **Reply #1243 on:** March 30, 2018, 01:23:06 PM »

Quote from: Olivia Wilde Homo on March 30, 2018, 12:54:34 PM

Cryptocurrency will never go away but it’s never going to be what it was again

what i find strange is how even despite good news Ether keeps falling. Don't really understand it

Joe Molotov · « **Reply #1244 on:** March 30, 2018, 05:22:30 PM »

It got ethered.

Skullfuckers Anonymous · « **Reply #1245 on:** March 30, 2018, 05:30:56 PM »

Nintex · « **Reply #1246 on:** March 30, 2018, 07:35:38 PM »

I'm still about 22% in the green overall.

Should I dump now or will it go back up.

kingv · « **Reply #1247 on:** March 30, 2018, 09:50:25 PM »

It’s time to book your gains on the stock market and plow it into crypto.

Tether especially.

Olivia Wilde Homo · « **Reply #1248 on:** March 30, 2018, 10:50:53 PM »

Quote from: Assimilate on March 30, 2018, 01:23:06 PM

Quote from: Olivia Wilde Homo on March 30, 2018, 12:54:34 PM
Cryptocurrency will never go away but it’s never going to be what it was again
what i find strange is how even despite good news Ether keeps falling. Don't really understand it

Cryptocurrency isn't actually backed by anything. So anything above $0.00 for a shitcoin is overpriced and overvalued. Even tulip bulbs were a tangible commodity.

Assimilate · « **Reply #1249 on:** March 30, 2018, 10:58:44 PM »

Quote from: Olivia Wilde Homo on March 30, 2018, 10:50:53 PM

Quote from: Assimilate on March 30, 2018, 01:23:06 PM
Quote from: Olivia Wilde Homo on March 30, 2018, 12:54:34 PM
Cryptocurrency will never go away but it’s never going to be what it was again
what i find strange is how even despite good news Ether keeps falling. Don't really understand it

Cryptocurrency isn't actually backed by anything. So anything above $0.00 for a shitcoin is overpriced and overvalued. Even tulip bulbs were a tangible commodity.

Well, the way i always saw it was that ether has some real technology behind it and funding the coin is a way to fund the technology.

The smart contracts and all that are legitimately a very powerful concept. If those take off and the token used were Ethereums, then there's definitely tangibility in that.

Great Rumbler · « **Reply #1250 on:** March 30, 2018, 11:27:48 PM »

Quote from: Olivia Wilde Homo on March 30, 2018, 10:50:53 PM

Quote from: Assimilate on March 30, 2018, 01:23:06 PM
Quote from: Olivia Wilde Homo on March 30, 2018, 12:54:34 PM
Cryptocurrency will never go away but it’s never going to be what it was again
what i find strange is how even despite good news Ether keeps falling. Don't really understand it

Cryptocurrency isn't actually backed by anything. So anything above $0.00 for a shitcoin is overpriced and overvalued. Even tulip bulbs were a tangible commodity.

Also, you can always eat a tulip bulb if you get really hungry.

Skullfuckers Anonymous · « **Reply #1251 on:** April 02, 2018, 10:30:06 AM »

Bloodstained: Ritual of the Night announces that they are allowing users to mine for cryptocurrency during gameplay. I'm sure this won't be the last game to do something like this.

https://www.kickstarter.com/projects/iga/bloodstained-ritual-of-the-night/posts/2150907

spoiler (click to show/hide)

April Fools!!!

[close]

BobFromPikeCreek · « **Reply #1252 on:** April 04, 2018, 11:07:11 AM »

Atra?

https://www.reddit.com/r/personalfinance/comments/89ipyu/update_i_just_discovered_that_i_owe_the_irs_50k/

thisismyusername · « **Reply #1253 on:** April 04, 2018, 11:25:11 AM »

Quote from: headwalk on March 18, 2018, 02:27:49 PM

(Image removed from quote.)

lmao.

Hahahahaha, I can't believe Atra's stupid-ass decided to get back into the Shitcoin market.

Brehvolution · « **Reply #1254 on:** April 04, 2018, 11:27:11 AM »

thisismyusername · « **Reply #1255 on:** April 04, 2018, 11:45:31 AM »

The thing is, IIRC (I'd have to go back pages) I told him never invest in Shitcoins again once he made his $50,000(?) profit. But like a dumbass, he goes back and SURPRISE the market is swings and he loses his cash.

As for the drawing-on-comission market, Atra: Get into the Furry business. I'd have to find that Vice article (or wherever) that had talk about drawing Fursonas being profitable.

Atramental · « **Reply #1256 on:** April 04, 2018, 11:48:34 AM »

I still haven’t heard back from my family’s accountant what I officially owe in taxes but if it is what I think it is.... I’m not paying them a fucking cent.

It’s fucking bullshit to owe money for money I don’t actually have/I didn’t actually cash out into my own savings.

IRS can lick my taint. They should be going after people who are rolling in dough. Not me who will probably never own a house or have a retirement fund.

thisismyusername · « **Reply #1257 on:** April 04, 2018, 11:50:30 AM »

Quote from: Atramental on February 05, 2018, 08:59:21 PM

I think it could easily hit 50K end of this year. And possibly 100k next year.

We shall see...

Quote from: thisismyusername on February 02, 2018, 06:19:04 PM

But for real, good that you got a profit Atra: But really, do the stock market instead of Buttcoins.

Told you, dude.

Quote from: Atramental on April 04, 2018, 11:48:34 AM

I still haven’t heard back from my family’s accountant what I officially owe in taxes but if it is what I think it is.... I’m not paying them a fucking cent.

Enjoy having your assets seized and going to white-collar prison for a year or two, then.

Atramental · « **Reply #1258 on:** April 04, 2018, 11:51:24 AM »

I’ll shoot myself in the fucking head before they take anything. Fuck them.

If they really want my measly $12K in my savings (i.e. all the money I have) then I'll just blow it on drugs and whores and then off myself.

I'm so done with everything.

edit: not to mention, my health is failing. I might have some sort of hormone disorder with my thyroid being all fucked up. Who knows what sort of miserable existence I'll have if I don't off myself soon.

headwalk · « **Reply #1259 on:** April 04, 2018, 12:09:03 PM »

surprisingly popular option among the corporate class tbh.

News:

Author Topic: Bitcoin and Cryptocurrency Thread (Read 136764 times)