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MattyFresh
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Cyptocurrencies - Bitcoin, etc.
by MattyFresh 2016-12-20, 17:40
Not sure if any of you have dabbled in internet monies. I myself have a couple bitcoins but I must have missed this bull shit.
http://www.wsj.com/articles/court-rules-irs-can-seek-information-on-bitcoin-customers-1480569311
http://www.wsj.com/articles/court-rules-irs-can-seek-information-on-bitcoin-customers-1480569311
MattyFresh- Spartiate
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Re: Cyptocurrencies - Bitcoin, etc.
by GRR Spartan 2016-12-20, 19:54
If the IRS wants to get info on your bitcoins it means they already know about your bitcoins. Now they want details.
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Re: Cyptocurrencies - Bitcoin, etc.
by TheReal_LWS 2016-12-21, 08:14
GRR Spartan wrote:If the IRS wants to get info on your bitcoins it means they already know about your bitcoins. Now they want to tax you up the butt on them.
fify
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Re: Cyptocurrencies - Bitcoin, etc.
by GRR Spartan 2016-12-21, 08:42
Don't know about the up the butt tax.
they want a piece of the action and they have ways to find it. Remember Silk Road and the arrest / conviction of Dread Pirate Roberts?
Its a lot like what happened with PED's after Barry Bond's chemist told the Feds the details on masking agent(s) he had formulated. Once folks knew where to look and what to look for in samples from athletes, fewer used and those that do get caught.
they want a piece of the action and they have ways to find it. Remember Silk Road and the arrest / conviction of Dread Pirate Roberts?
Its a lot like what happened with PED's after Barry Bond's chemist told the Feds the details on masking agent(s) he had formulated. Once folks knew where to look and what to look for in samples from athletes, fewer used and those that do get caught.
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Re: Cyptocurrencies - Bitcoin, etc.
by TheReal_LWS 2016-12-21, 09:29
GRR Spartan wrote:Don't know about the up the butt tax.
they want a piece of the action and they have ways to find it. Remember Silk Road and the arrest / conviction of Dread Pirate Roberts?
Its a lot like what happened with PED's after Barry Bond's chemist told the Feds the details on masking agent(s) he had formulated. Once folks knew where to look and what to look for in samples from athletes, fewer used and those that do get caught.
Also reminds me of when they started going after world of warcraft nerds and their in-game valuables.
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Re: Cyptocurrencies - Bitcoin, etc.
by AnomanderRake 2016-12-21, 10:16
Maybe I'm not understanding correctly but what exactly is the problem with this?
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Re: Cyptocurrencies - Bitcoin, etc.
by TheReal_LWS 2016-12-21, 10:21
AnomanderRake wrote:Maybe I'm not understanding correctly but what exactly is the problem with this?
Taxes suck.
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Re: Cyptocurrencies - Bitcoin, etc.
by MattyFresh 2016-12-21, 13:56
And how am I suppose to buy my drugs?!?
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Re: Cyptocurrencies - Bitcoin, etc.
by InTenSity 2016-12-21, 17:59
You have a couple of bitcoins? 5 BTC would be worth about $3500 right now, right? I wish I would have bought more at $225, but only bought about .2 BTC.
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Re: Cyptocurrencies - Bitcoin, etc.
by MattyFresh 2016-12-21, 18:05
I am thinking about cashing out today paid around 250 early 2015. About 1500 profit .
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InTenSity- Geronte
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Re: Cyptocurrencies - Bitcoin, etc.
by MattyFresh 2016-12-22, 23:59
InTenSity wrote:Up to $900? Wtf?
was planning on selling last night... fell asleep... not sure what to do
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Re: Cyptocurrencies - Bitcoin, etc.
by MattyFresh 2016-12-23, 00:04
Experts claim the growth corresponds with a weakening in the Chinese yuan; bitcoin is apparently attractive to Chinese traders because it enables them to evade currency controls.
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Re: Cyptocurrencies - Bitcoin, etc.
by InTenSity 2016-12-23, 00:12
Heard that before. I know that some are expecting 1 btc to = $10,000 in the next few years. If that's the case, now it's still a good buy. Wish I had more than .2, but speculating on crypto currency that I only partially understand doesn't mean I should throw at it.MattyFresh wrote:Experts claim the growth corresponds with a weakening in the Chinese yuan; bitcoin is apparently attractive to Chinese traders because it enables them to evade currency controls.
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Re: Cyptocurrencies - Bitcoin, etc.
by MattyFresh 2016-12-23, 00:19
InTenSity wrote:Heard that before. I know that some are expecting 1 btc to = $10,000 in the next few years. If that's the case, now it's still a good buy. Wish I had more than .2, but speculating on crypto currency that I only partially understand doesn't mean I should throw at it.MattyFresh wrote:Experts claim the growth corresponds with a weakening in the Chinese yuan; bitcoin is apparently attractive to Chinese traders because it enables them to evade currency controls.
I did my grad thesis on Cryptocurrency Viability.. I am rock hard right now.
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Re: Cyptocurrencies - Bitcoin, etc.
by xsanguine 2016-12-26, 20:36
GRR Spartan wrote:Don't know about the up the butt tax.
they want a piece of the action and they have ways to find it. Remember Silk Road and the arrest / conviction of Dread Pirate Roberts?
Its a lot like what happened with PED's after Barry Bond's chemist told the Feds the details on masking agent(s) he had formulated. Once folks knew where to look and what to look for in samples from athletes, fewer used and those that do get caught.
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Re: Cyptocurrencies - Bitcoin, etc.
by xsanguine 2016-12-26, 20:37
TheReal_LWS wrote:AnomanderRake wrote:Maybe I'm not understanding correctly but what exactly is the problem with this?
Extortion sucks.
Had to fix that for ya, LWS.
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