Cryptocurrencies

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  • unsung
    unsung I stopped by on March 7 2024. First time in many years, had to update payment info. Hope all is well. Politicians suck. Bye. Posts: 9,487
    my2hands said:
    The people "who run the world" use USD and will always use USD, hopefully... if that ever changes, America, and us, have a big problem that crypto won't fix

    Nobody uses crypto currencies... literally nobody... the only people purchasing them are doing it as speculative investment... have you used any of your holdings to purchase something? 

    My limited understanding and research tells me Blockchain technology is interesting, but most if not all of these crypto currencies are trash and massively manipulated. Good luck though, I hope it works out
    This isn't meant to look down on you but your own admission says that your knowledge is limited on the subject, but you say that nobody uses them.

    A lot of people use this stuff, and a lot can be used for purchasing.  Adoption increases daily.  Through adoption we gain acceptance.  Someone once said that there is no reason for a computer in the house either!
  • CM189191
    CM189191 Posts: 6,927
    unsung said:
    Halifax2TheMax said:
    Interesting regarding filing taxes.

    https://www.washingtonpost.com/news/the-switch/wp/2018/01/11/its-going-to-be-a-nightmare-some-bitcoin-investors-are-in-for-a-rocky-tax-season/
    There are ways to hide your gains.  For the record I support this 100%.  The government took no risk when people invested, it shouldn't reap any reward.

    I will pay my 15% extortion fee though since I just withdrew some to buy a house.  I have to have it documented in this current rigged system.
    It sounds like you're actively avoiding paying capital gains tax
    https://www.cnbc.com/2018/01/25/if-you-own-bitcoin-heres-how-much-you-owe-in-taxes.html
  • Bentleyspop
    Bentleyspop Craft Beer Brewery, Colorado Posts: 11,420
    Uh oh look who forgot he had some bitcoin...

    50 Cent: 'I Forgot' Taking 700 Bitcoins For 2014 Album; Stake Is Now Worth Millions http://n.pr/2F8u0Ti
  • PJ_Soul
    PJ_Soul Vancouver, BC Posts: 50,674
    edited January 2018
    Bentleyspop said:
    Uh oh look who forgot he had some bitcoin...

    50 Cent: 'I Forgot' Taking 700 Bitcoins For 2014 Album; Stake Is Now Worth Millions http://n.pr/2F8u0Ti
    "Not Bad for a kid from South Side, I'm so proud of me," 50 Cent wrote in an Instagram post. :lol: Funny!

    Well, how nice for him! I hope some people with no other wealth also managed to make the same "mistake" - it would be a very pleasing little rags to riches story, haha.
    With all its sham, drudgery, and broken dreams, it is still a beautiful world. Be careful. Strive to be happy. ~ Desiderata
  • mickeyrat
    mickeyrat Posts: 44,430
    ruh roh....


    https://www.reuters.com/article/us-japan-cryptocurrency/tokyo-based-cryptocurrency-exchange-hacked-losing-530-million-nhk-idUSKBN1FF29C


    TOKYO (Reuters) - Coincheck, a major cryptocurrency trading exchange in Tokyo, has been hacked into and has lost about 58 billion yen ($534 million) worth of virtual money, national broadcaster NHK reported on Friday.

    article continues.....



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  • NewJPage
    NewJPage Posts: 3,320
    Doesn't Ron Paul want us to go back to the gold standard?
    6/26/98, 8/17/00, 10/8/00, 12/8/02, 12/9/02, 4/25/03, 5/28/03, 6/1/03, 6/3/03, 6/5/03, 6/6/03, 6/12/03, 6/13/03, 6/15/03, 6/18/03, 6/21/03, 6/22/03, 7/12/03, 7/14/03, 10/3/04, 10/5/04, 9/9/05, 9/11/05, 9/16/05, 5/16/06, 5/17/06, 5/19/06, 6/30/06, 7/23/06, 8/5/07, 6/30/08, 8/23/09, 8/24/09, 5/4/10, 5/7/10, 9/3/11, 9/4/11, 10/11/13, 10/17/14, 8/20/16
  • oftenreading
    oftenreading Victoria, BC Posts: 12,856
    edited January 2018
    Bentleyspop said:
    Uh oh look who forgot he had some bitcoin...

    50 Cent: 'I Forgot' Taking 700 Bitcoins For 2014 Album; Stake Is Now Worth Millions http://n.pr/2F8u0Ti
    Okay. 

    But he filed for bankruptcy in 2015 and it was settled in 2016. He had the bitcoin assets at that point and didn’t declare them, because he “forgot”. Sounds like fraud. Someone didn’t do their homework properly for the case. 

    Can creditors come after him now for hiding assets?
    my small self... like a book amongst the many on a shelf
  • Halifax2TheMax
    Halifax2TheMax Posts: 42,235
    Sounds a lot like the federal reserve.

    https://www.nytimes.com/2018/01/31/technology/bitfinex-bitcoin-price.html
    09/15/1998 & 09/16/1998, Mansfield, MA; 08/29/00 08/30/00, Mansfield, MA; 07/02/03, 07/03/03, Mansfield, MA; 09/28/04, 09/29/04, Boston, MA; 09/22/05, Halifax, NS; 05/24/06, 05/25/06, Boston, MA; 07/22/06, 07/23/06, Gorge, WA; 06/27/2008, Hartford; 06/28/08, 06/30/08, Mansfield; 08/18/2009, O2, London, UK; 10/30/09, 10/31/09, Philadelphia, PA; 05/15/10, Hartford, CT; 05/17/10, Boston, MA; 05/20/10, 05/21/10, NY, NY; 06/22/10, Dublin, IRE; 06/23/10, Northern Ireland; 09/03/11, 09/04/11, Alpine Valley, WI; 09/11/11, 09/12/11, Toronto, Ont; 09/14/11, Ottawa, Ont; 09/15/11, Hamilton, Ont; 07/02/2012, Prague, Czech Republic; 07/04/2012 & 07/05/2012, Berlin, Germany; 07/07/2012, Stockholm, Sweden; 09/30/2012, Missoula, MT; 07/16/2013, London, Ont; 07/19/2013, Chicago, IL; 10/15/2013 & 10/16/2013, Worcester, MA; 10/21/2013 & 10/22/2013, Philadelphia, PA; 10/25/2013, Hartford, CT; 11/29/2013, Portland, OR; 11/30/2013, Spokane, WA; 12/04/2013, Vancouver, BC; 12/06/2013, Seattle, WA; 10/03/2014, St. Louis. MO; 10/22/2014, Denver, CO; 10/26/2015, New York, NY; 04/23/2016, New Orleans, LA; 04/28/2016 & 04/29/2016, Philadelphia, PA; 05/01/2016 & 05/02/2016, New York, NY; 05/08/2016, Ottawa, Ont.; 05/10/2016 & 05/12/2016, Toronto, Ont.; 08/05/2016 & 08/07/2016, Boston, MA; 08/20/2016 & 08/22/2016, Chicago, IL; 07/01/2018, Prague, Czech Republic; 07/03/2018, Krakow, Poland; 07/05/2018, Berlin, Germany; 09/02/2018 & 09/04/2018, Boston, MA; 09/08/2022, Toronto, Ont; 09/11/2022, New York, NY; 09/14/2022, Camden, NJ; 09/02/2023, St. Paul, MN; 05/04/2024 & 05/06/2024, Vancouver, BC; 05/10/2024, Portland, OR;

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  • Bentleyspop
    Bentleyspop Craft Beer Brewery, Colorado Posts: 11,420
    Uh oh......bitcoin seems to be crashing...current value $8675  down almost 50% or more from its high
  • rgambs
    rgambs Posts: 13,576
    Bummer, will there be a sell-off?
    Hope people here got/get out before it's gone too far.
    Monkey Driven, Call this Living?
  • oftenreading
    oftenreading Victoria, BC Posts: 12,856
    It’ll probably come back. That seems to be what these do 
    my small self... like a book amongst the many on a shelf
  • Thoughts_Arrive
    Thoughts_Arrive Melbourne, Australia Posts: 15,165
    Why Bitcoin when you can PayPass?
    Adelaide 17/11/2009, Melbourne 20/11/2009, Sydney 22/11/2009, Melbourne (Big Day Out Festival) 24/01/2014
  • my2hands
    my2hands Posts: 17,117
    Crypto is massively manipulated. Good luck
  • NewJPage
    NewJPage Posts: 3,320
    NewJPage said:
    Doesn't Ron Paul want us to go back to the gold standard?

    6/26/98, 8/17/00, 10/8/00, 12/8/02, 12/9/02, 4/25/03, 5/28/03, 6/1/03, 6/3/03, 6/5/03, 6/6/03, 6/12/03, 6/13/03, 6/15/03, 6/18/03, 6/21/03, 6/22/03, 7/12/03, 7/14/03, 10/3/04, 10/5/04, 9/9/05, 9/11/05, 9/16/05, 5/16/06, 5/17/06, 5/19/06, 6/30/06, 7/23/06, 8/5/07, 6/30/08, 8/23/09, 8/24/09, 5/4/10, 5/7/10, 9/3/11, 9/4/11, 10/11/13, 10/17/14, 8/20/16
  • oftenreading
    oftenreading Victoria, BC Posts: 12,856
    edited February 2018
    Interesting article about plans for a Crypto Utopia in Puerto Rico. 

    I have some trouble believing the “benevolent capitalists” argument, but they probably don’t intend that to be taken seriously. 

    https://mobile.nytimes.com/2018/02/02/technology/cryptocurrency-puerto-rico.html

    Edit: I posted the link when I was partly through the article. Having read it all now, I still think it’s interesting. I also now think this sounds suspiciously like a cult. Charismatic leader, faux spiritualism?
     
    Post edited by oftenreading on
    my small self... like a book amongst the many on a shelf
  • buck502000
    buck502000 Birthplace of GIBSON guitar Posts: 8,951
    time to buy
  • my2hands
    my2hands Posts: 17,117
    buck502000 said:
    time to buy
    http://m.scmp.com/business/banking-finance/article/2132009/china-stamp-out-cryptocurrency-trading-completely-ban
  • my2hands
    my2hands Posts: 17,117
    People buying crypto with credit cards?

    This is not going to end well
  • buck502000
    buck502000 Birthplace of GIBSON guitar Posts: 8,951
    my2hands said:
    buck502000 said:
    time to buy
    http://m.scmp.com/business/banking-finance/article/2132009/china-stamp-out-cryptocurrency-trading-completely-ban
    This makes me want to invest even more.
  • Halifax2TheMax
    Halifax2TheMax Posts: 42,235
    edited February 2018
    buck502000 said:
    my2hands said:
    buck502000 said:
    time to buy
    http://m.scmp.com/business/banking-finance/article/2132009/china-stamp-out-cryptocurrency-trading-completely-ban
    This makes me want to invest even more.
    Sure, take your chances and let us know how you make out.

    https://www.cnbc.com/2018/02/06/bitcoin-price-will-crash-to-zero-nouriel-roubini-says.html

    Maybe wait until “0” to buy?
    09/15/1998 & 09/16/1998, Mansfield, MA; 08/29/00 08/30/00, Mansfield, MA; 07/02/03, 07/03/03, Mansfield, MA; 09/28/04, 09/29/04, Boston, MA; 09/22/05, Halifax, NS; 05/24/06, 05/25/06, Boston, MA; 07/22/06, 07/23/06, Gorge, WA; 06/27/2008, Hartford; 06/28/08, 06/30/08, Mansfield; 08/18/2009, O2, London, UK; 10/30/09, 10/31/09, Philadelphia, PA; 05/15/10, Hartford, CT; 05/17/10, Boston, MA; 05/20/10, 05/21/10, NY, NY; 06/22/10, Dublin, IRE; 06/23/10, Northern Ireland; 09/03/11, 09/04/11, Alpine Valley, WI; 09/11/11, 09/12/11, Toronto, Ont; 09/14/11, Ottawa, Ont; 09/15/11, Hamilton, Ont; 07/02/2012, Prague, Czech Republic; 07/04/2012 & 07/05/2012, Berlin, Germany; 07/07/2012, Stockholm, Sweden; 09/30/2012, Missoula, MT; 07/16/2013, London, Ont; 07/19/2013, Chicago, IL; 10/15/2013 & 10/16/2013, Worcester, MA; 10/21/2013 & 10/22/2013, Philadelphia, PA; 10/25/2013, Hartford, CT; 11/29/2013, Portland, OR; 11/30/2013, Spokane, WA; 12/04/2013, Vancouver, BC; 12/06/2013, Seattle, WA; 10/03/2014, St. Louis. MO; 10/22/2014, Denver, CO; 10/26/2015, New York, NY; 04/23/2016, New Orleans, LA; 04/28/2016 & 04/29/2016, Philadelphia, PA; 05/01/2016 & 05/02/2016, New York, NY; 05/08/2016, Ottawa, Ont.; 05/10/2016 & 05/12/2016, Toronto, Ont.; 08/05/2016 & 08/07/2016, Boston, MA; 08/20/2016 & 08/22/2016, Chicago, IL; 07/01/2018, Prague, Czech Republic; 07/03/2018, Krakow, Poland; 07/05/2018, Berlin, Germany; 09/02/2018 & 09/04/2018, Boston, MA; 09/08/2022, Toronto, Ont; 09/11/2022, New York, NY; 09/14/2022, Camden, NJ; 09/02/2023, St. Paul, MN; 05/04/2024 & 05/06/2024, Vancouver, BC; 05/10/2024, Portland, OR;

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