Currency Wars, USD, YEN, Bitcoin and what it means to you.

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Postby maddoghoek100 on Tue Feb 06, 2018 12:57 pm

I hate to bring it up, but think i said something a few pages back that now feels not so good. For the folks doing their taxes those 3k loss carry forwards are going to be no fun. A move from say BTC to ETH in nov or december is taxable for your gains on the BTC, which is a real gut punch with ETH down, especially if you have to sell to get the cash to pay the tax man. Same feeling a lot of folks are going to have paying tax on mutual fund distributions with the fund values down.

So be careful if you are out there playing with more than fun money. I'm sure folks may be carrying forward 2018 losses for a lot of years
Last edited by maddoghoek100 on Tue Feb 06, 2018 1:08 pm, edited 3 times in total.
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Postby samuraiwriter on Tue Feb 06, 2018 12:59 pm

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Postby TKuczynski on Tue Feb 06, 2018 5:24 pm

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Postby fredo on Tue Feb 06, 2018 5:32 pm

Looks like an Onion pic/caption.
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ps I can't believe everybody who got in even remotely early didn't sell at $20K.
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just a foil for me today, thanks

Postby soam24 on Tue Feb 06, 2018 5:36 pm

acidburn wrote:Well that SEC meeting went well



Agree. Someone on reddit posted this recap. Pretty good stuff, imo.

https://www.reddit.com/r/CryptoCurrency/comments/7vovzc/notes_from_the_hearing_today/
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Postby Codeblue on Tue Feb 06, 2018 6:44 pm

TKuczynski wrote:Up over 100k... and this is the headline

https://news.sky.com/story/bitcoin-buyer-loses-440000-in-matter-of-weeks-after-sudden-collapse-11238898

Sweet Stouts though

Luls. Which one of ya is this? [email protected]?! :shock:

P.S. No way that duke has a #realjob
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Postby rikkirattoe on Tue Feb 06, 2018 7:09 pm

TKuczynski wrote:Up over 100k... and this is the headline

https://news.sky.com/story/bitcoin-buyer-loses-440000-in-matter-of-weeks-after-sudden-collapse-11238898

Sweet Stouts though


Don't lose anything til you turn your loses jnto fiat. Wonder if they'll have a follow up story if BTC hits 64k by April as predicted by Clif High?
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Postby questkid32 on Wed Feb 07, 2018 2:53 am

What is everyone's thought re: Ethereum and Omisego, since they're blockchain and not tech crypto coins?
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Postby bubbie on Wed Feb 07, 2018 5:02 am

Back to seven five. Will hit twenty again in no time.

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Postby 63schoeffling on Wed Feb 07, 2018 9:45 am

questkid32 wrote:What is everyone's thought re: Ethereum and Omisego, since they're blockchain and not tech crypto coins?


If ETH figures out scaling then idk how high it will go. OMG is the one token I will probably look back on in 5 years and smash my head against the wall trying to figure out why I didn't buy more. Look into Electrify Asia... it's things like this that really make you see what can be possible going forward.
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Postby soam24 on Wed Feb 07, 2018 11:46 am

questkid32 wrote:What is everyone's thought re: Ethereum and Omisego, since they're blockchain and not tech crypto coins?



Two bags you SHOULD be holding.
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Postby acidburn on Wed Feb 07, 2018 2:01 pm

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Postby michaelmillichamp on Thu Feb 08, 2018 4:32 pm



Didn't he sell all his at the ATM? Also, where is Roger Ver? Dude pump and dumped BCH like nobodies business.
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Postby 1000steps on Thu Feb 08, 2018 5:48 pm

bubbie wrote:Back to seven five. Will hit twenty again in no time.


One rally does not a market make, even a massive rally.

Hodl all you want - BTC needs to build a long base, probably in the 3-4k range, before it ever climbs to 20k again. I'd bet on lower lows than that along the way.

Or it might fizzle and disappear. Right now, the only thing preventing that is an unreliable ephemerality known as 'sentiment'
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Postby pvecchi on Fri Feb 09, 2018 7:41 am

1000steps wrote:
bubbie wrote:Back to seven five. Will hit twenty again in no time.


One rally does not a market make, even a massive rally.

Hodl all you want - BTC needs to build a long base, probably in the 3-4k range, before it ever climbs to 20k again. I'd bet on lower lows than that along the way.

Or it might fizzle and disappear. Right now, the only thing preventing that is an unreliable ephemerality known as 'sentiment'



I’d say the same. Personally I think it’s a pyramid scheme thanking advantage of the hype of social media and benefitting from a bull world market. 64K by May? I think you’d be lucky if it was still 6400

Wish I would have thrown some money down when I first heard about though..I’d be cashed out of it long ago anyway and maybe sucked in so it might be a good thing I didn’t
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