BayRaider 1,605 Posted November 26, 2018 Just now, MWil23 said: 100% serious I don’t think it would of been nearly that much.. I will look at the odds later. Share this post Link to post Share on other sites
cddolphin 1,749 Posted November 26, 2018 https://www.wsj.com/articles/pay-taxes-with-bitcoin-ohio-says-sure-1543161720 Share this post Link to post Share on other sites
Calvert28 1,532 Posted November 27, 2018 (edited) On 11/26/2018 at 8:00 AM, ramssuperbowl99 said: lol Crypto guy: "Dude we're going to make so much money getting in early. Bitcoin is such a great investment. TO THE MOON." Your friendly neighborhood IRS: "Reminder to all Bitcoin owners that buying something and selling it at a higher price triggers capital gains tax...like literally anything else." Crypto guy: "TOTALITARIAN GUBMENT IS WHY MY BITCOIN IS DOWN 80%!!!" Yea because when has a government ever been oppressive. Edited November 27, 2018 by Calvert28 Share this post Link to post Share on other sites
MookieMonstah 1,270 Posted November 27, 2018 Ouch. This dip hit the wallet. Might as well ride it out at this point. Share this post Link to post Share on other sites
ramssuperbowl99 6,167 Posted November 27, 2018 2 minutes ago, Calvert28 said: Yea because when has a government ever been oppressive. Share this post Link to post Share on other sites
Calvert28 1,532 Posted November 27, 2018 2 minutes ago, ramssuperbowl99 said: This guy thinks it's funny too. Share this post Link to post Share on other sites
ramssuperbowl99 6,167 Posted November 27, 2018 9 minutes ago, Calvert28 said: I am unironically Alex Jones tbqh Share this post Link to post Share on other sites
Calvert28 1,532 Posted November 27, 2018 3 hours ago, ramssuperbowl99 said: tbqh To be Quite literally Share this post Link to post Share on other sites
jrry32 5,838 Posted November 29, 2018 On 11/26/2018 at 9:54 AM, BayRaider said: Sure there is some luck involved, always is. There’s luck in everything you do in life. Sports, stocks, crypto, etc. But you act like it’s 1000% luck when that isn’t true. And no I’m no expert, never claimed to be, and will never claim to be. I share the exact same steps I took and tell them this is not financial advice in any way. Just hate when people act like crypto is a terrible investment tool. It should be part of any portfolio, to a low % that is. Plus there is nothing wrong throwing a few hundred bucks at something hoping you can 100x your money. Anyways, you’re a pharmacist? It really depends on what you want. I don't want it as part of my portfolio because it's highly volatile. Some people are fine with risk/reward investing. I'm looking for stability and consistency. On 11/26/2018 at 8:31 AM, BayRaider said: Rams and Jrry think it’s impossible to make $ in crypto. There are soooo many people who turned 1000 into a million. Those days might be gone but it’s still a sound investment as long as you’re not going all in and have other investments as well. On the contrary, I think it's quite possible to make money in crypto. However, what I warned people back in the day was that it was a speculative bubble and somebody was going to get left holding the bag in the end. The problem with the crypto market is that people were treating it like a security when the value wasn't tethered to anything. The market blew up because people saw others getting rich and wanted to get in on it. Plenty of people made money, but the reality of that situation is that the party was going to end at some point. That meant that people who didn't get out at the right time were going to lose big. I preached caution to people. I thought it was a bad investment because the market price was significantly inflated and there was a risk the bottom could fall out at any time. People weren't investing because they thought the underlying product was useful. They were investing because they believed somebody would buy their stake for more. Also, I think our definitions of "sound investment" are quite different. It feels like you're telling people it's a sound investment while simultaneously admitting it's not. To steal from an earlier analogy, betting $500 on a craps game isn't a sound investment. But as long as you're not going all in and have other investments, why not? That's basically what you're doing with cryptos. You're making a bet on something that is extremely volatile. It's not really a "sound investment." But people are willing to make unsound investments if the potential payoff is big enough. As we know, the potential payoff with cryptos is large enough for a lot of people. Share this post Link to post Share on other sites
pwny 4,825 Posted February 5 https://www.miamiherald.com/news/nation-world/world/article225501940.html More proof crypto is trash Share this post Link to post Share on other sites
ramssuperbowl99 6,167 Posted February 5 11 hours ago, pwny said: https://www.miamiherald.com/news/nation-world/world/article225501940.html More proof crypto is trash $5 that "dead" dude is on an island with Biggie and Tupac right now. Share this post Link to post Share on other sites
theJ 1,187 Posted February 5 13 hours ago, pwny said: https://www.miamiherald.com/news/nation-world/world/article225501940.html More proof crypto is trash It needs some regulating for sure. Kind of surprising they're allowed to operate in that manner. Share this post Link to post Share on other sites
Mossburg 435 Posted February 5 (edited) I don't think that proves crypto is trash. All it proves is we're still in the Wild West. What's undeniable trash is in 2019 I can't send more than $2000 to someone in a day using Zelle. Edited February 5 by Mossburg Share this post Link to post Share on other sites
JTagg7754 455 Posted February 5 I'm not into conspiracy theories but sometimes there is evidence and situations that should be considered. I am in no way suggesting this is true but a Redditor put this together: Share this post Link to post Share on other sites
pwny 4,825 Posted February 5 8 hours ago, ramssuperbowl99 said: $5 that "dead" dude is on an island with Biggie and Tupac right now. I wouldn't doubt it. The whole situation is sketchy. I read that the public key on his LiteCoin wallet shows its still making transactions. Share this post Link to post Share on other sites
