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  1. #7201
    Registered User BDSMBBW's Avatar
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    Originally Posted by jamalfudge View Post
    Another fakeout?
    That was IMO a stop hunt - price could possibly continue higher. Anyone who shorted @ 8.2k levels even @ 10x are gonna be super scared RN cuz price is very close to liquidating them. those who shorted with 15x+ most likely got liquidated. I am not taking any major long positions till btc starts closing above 9.5k in the weekly.

    careful with BAT..testing 2.3k support too many times..
    Last edited by BDSMBBW; 10-10-2019 at 11:18 AM.
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  2. #7202
    Registered User isingmodel's Avatar
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    buy NKN you fools
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  3. #7203
    mad hatter RobParks2M's Avatar
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    Originally Posted by jamalfudge View Post
    I've got a few just in case. Might as well at this price. It's gotten close to a dollar before, when real money comes in imagine the price then.
    loooooooooooool
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  4. #7204
    Registered User juvefan's Avatar
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    Based on the new IRS rules, everyone holding BTC is likely to go bankrupt since every time a chitcoin is hardforked from btc (aka 10 times a day), it is a taxable event at the price of the new coin at the second it is hardforked, thus when bitcoin FKU2 is hardforked and the price is at $8,000 for a milisecond before plummeting to 10 cents, you owe the IRS tax on 8000
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  5. #7205
    Go fuсk yourself. Lefticle's Avatar
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    Originally Posted by juvefan View Post
    Based on the new IRS rules, everyone holding BTC is likely to go bankrupt since every time a chitcoin is hardforked from btc (aka 10 times a day), it is a taxable event at the price of the new coin at the second it is hardforked, thus when bitcoin FKU2 is hardforked and the price is at $8,000 for a milisecond before plummeting to 10 cents, you owe the IRS tax on 8000
    This is why you use the cash app or a bitcoin wallet
    See title.

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  6. #7206
    Registered User juvefan's Avatar
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    Originally Posted by Lefticle View Post
    This is why you use the cash app or a bitcoin wallet
    That doesnt really save you unless you’re suggesting outright tax fraud, good luck cashing out any meaningful amount without setting off 100 flags
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  7. #7207
    I ain't no bitch lowstrife's Avatar
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    Originally Posted by Lefticle View Post
    This is why you use the cash app or a bitcoin wallet
    It doesn't matter what application or protocol you use. If ANYTHING gives you access to the forked coins, by the letter of the guidance, you technically owe tax. Whether you owe tax for the 50 or so bitcoin forks that have happened over the last few years... in practice, I doubt people will pay up on those.

    I understand the intent their going for, but juvefan is right on his theory.
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  8. #7208
    Registered User darkeminence's Avatar
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    Originally Posted by juvefan View Post
    That doesnt really save you unless you’re suggesting outright tax fraud, good luck cashing out any meaningful amount without setting off 100 flags
    ehhh... Localbitcoins, prepaid visa's,...? If you don't get stupid and start buying lambo's or real estate you're perfectly fine.
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  9. #7209
    Registered User Mogambo's Avatar
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    Originally Posted by BDSMBBW View Post
    That was IMO a stop hunt - price could possibly continue higher. Anyone who shorted @ 8.2k levels even @ 10x are gonna be super scared RN cuz price is very close to liquidating them. those who shorted with 15x+ most likely got liquidated.
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  10. #7210
    Registered User BDSMBBW's Avatar
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    Worry not!

    Daily 21 EMA resistance & a horizontal level @ ~8.6k! bears pray it holds! IMO if btc breaks 8.6k area its gonna be straight fast movement to the 9.4k levels..!!
    Last edited by BDSMBBW; 10-10-2019 at 06:20 PM.
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  11. #7211
    Throbbing Member jamalfudge's Avatar
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    Maybe I'll claim a loss for the forked coins I didn't get while holding on exchanges.
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  12. #7212
    Registered User Mogambo's Avatar
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    Originally Posted by BDSMBBW View Post
    Worry not!

    Daily 21 EMA resistance & a horizontal level @ ~8.6k! bears pray it holds! IMO if btc breaks 8.6k area its gonna be straight fast movement to the 9.4k levels..!!
    My instinct tells me that if we don't see a dip to 8k this weekend than 9k+ is a lock for next week.
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  13. #7213
    Registered User juvefan's Avatar
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    Originally Posted by darkeminence View Post
    ehhh... Localbitcoins, prepaid visa's,...? If you don't get stupid and start buying lambo's or real estate you're perfectly fine.
    Keyword here is “meaningful amount”, not 2 figure gains
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  14. #7214
    Registered User darkeminence's Avatar
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    Originally Posted by juvefan View Post
    Keyword here is “meaningful amount”, not 2 figure gains
    Why wouldn't you be able to cash out a 6 figure amount through localbtc? You can also just buy stuff directly using crypto... ya know.
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  15. #7215
    Registered User BDSMBBW's Avatar
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    Originally Posted by Mogambo View Post
    My instinct tells me that if we don't see a dip to 8k this weekend than 9k+ is a lock for next week.
    Looks like it might be 8k first before 9k!

    that 8.8k stop hunts look vicious..Lets see how long 8.2k can hold this time if it gets tested..

    Also, Deathcross if btc doesn't go back above 9k soon.

    Last edited by BDSMBBW; 10-12-2019 at 01:12 PM.
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  16. #7216
    Registered User samsbolton's Avatar
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    Originally Posted by BDSMBBW View Post
    Looks like it might be 8k first before 9k!

    that 8.8k stop hunts look vicious..Lets see how long 8.2k can hold this time if it gets tested..
    Zzzzzz...
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  17. #7217
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    Originally Posted by darkeminence View Post
    Why wouldn't you be able to cash out a 6 figure amount through localbtc? You can also just buy stuff directly using crypto... ya know.
    You're making silly arguments just to continue the illusion of you being correct.

    Nobody is using crypto to buy things. People are invested in crypto to eventually cash out into FIAT and buy things. Let's be real.
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  18. #7218
    Registered User Yifan's Avatar
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    I'm into cryptos but I never check in here because the majority of posts reek of low IQ. TA this, TA that, no talk of fundamentals whatsoever.

    Tread wisely my friends.
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  19. #7219
    Registered User BDSMBBW's Avatar
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    Originally Posted by Yifan View Post
    I'm into cryptos but I never check in here because the majority of posts reek of low IQ. TA this, TA that, no talk of fundamentals whatsoever.

    Tread wisely my friends.
    Oh please do aware us low iq retards on your amazing fundamental analysis knowledge. We will try our best to understand it with our puny brains which have suffered continuous brain damage doing TA.
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  20. #7220
    Registered User Serenadium's Avatar
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    Originally Posted by juvefan View Post
    Based on the new IRS rules, everyone holding BTC is likely to go bankrupt since every time a chitcoin is hardforked from btc (aka 10 times a day), it is a taxable event at the price of the new coin at the second it is hardforked, thus when bitcoin FKU2 is hardforked and the price is at $8,000 for a milisecond before plummeting to 10 cents, you owe the IRS tax on 8000
    The best one is where the tax office declares the fork to be the original coin. (i.e. Australian Tax Office declared Ethereum Classic to be the original which makes technical sense).

    Lets say we have 100 ETH, the prices are as follows:

    Eth = $1,200 USD

    One day later it hard forks, prices are now:

    Eth = $1,200 USD
    Eth Classic = $16 USD

    because the tax office sees classic as the original, you now need to add $120,000 on to your taxable income as capital gains.

    You = cucked
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  21. #7221
    Registered User BDSMBBW's Avatar
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    July btc peaked, eth-btc has continued to dump. no return for eth anytime soon?
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  22. #7222
    < 1k Posts/Year Crew StevieSparkZ's Avatar
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    Originally Posted by BDSMBBW View Post


    July btc peaked, eth-btc has continued to dump. no return for eth anytime soon?
    I've love a sub $100 ETH right now, that would be early 2017 prices. I'd LOVE to pick a bunch up.....
    A small loan of 1 bitcoin........


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  23. #7223
    Registered User isingmodel's Avatar
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    Originally Posted by isingmodel View Post
    buy NKN you fools
    so er, did at least one of you listen?
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    BTC to $200k
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  24. #7224
    Registered User BDSMBBW's Avatar
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    Originally Posted by StevieSparkZ View Post
    I've love a sub $100 ETH right now, that would be early 2017 prices. I'd LOVE to pick a bunch up.....
    Me too, But till btc breaks below 6k area..I don't see sub 100 eth..

    ETH has been depreciating in value vs btc like forever now..

    Also , as long as btc is above 8.2k on the daily - its not super bearish.





    Originally Posted by isingmodel View Post
    so er, did at least one of you listen?
    nice pump and thanks for mentioning it here! i didn't buy though!! I hope atleast a couple of miscers were brave enough to buy!
    Last edited by BDSMBBW; 10-15-2019 at 12:12 PM.
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  25. #7225
    Registered User Horse86's Avatar
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    nudge nudge....wake up
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  26. #7226
    Registered User Horse86's Avatar
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    Originally Posted by Serenadium View Post
    The best one is where the tax office declares the fork to be the original coin. (i.e. Australian Tax Office declared Ethereum Classic to be the original which makes technical sense).

    Lets say we have 100 ETH, the prices are as follows:

    Eth = $1,200 USD

    One day later it hard forks, prices are now:

    Eth = $1,200 USD
    Eth Classic = $16 USD

    because the tax office sees classic as the original, you now need to add $120,000 on to your taxable income as capital gains.

    You = cucked
    saw "Australian"...stopped reading lol
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  27. #7227
    Registered User BDSMBBW's Avatar
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    BAT is up 30%(dont buy now. Distance to next resistance is just ~7%) already in a few hours, While ETH is still below resistance.

    Even xrp has broken above resistance..
    Last edited by BDSMBBW; 10-15-2019 at 12:37 PM.
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  28. #7228
    10/10 Facial Aesthetics Ares232's Avatar
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    The markets not looking good at all, seesh end of year and somehow all this hodling hasn't yielded any fruits lmao, anyway sub 8k BTC and sub 150ETH and I'll start scooping up some. Can only go down so many times before it completely skyrockets... Or not
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  29. #7229
    Registered User brianmt's Avatar
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    Originally Posted by Ares232 View Post
    The markets not looking good at all, seesh end of year and somehow all this hodling hasn't yielded any fruits lmao, anyway sub 8k BTC and sub 150ETH and I'll start scooping up some. Can only go down so many times before it completely skyrockets... Or not
    I disagree, the end of the year looks like it'll be great. To each his own
    Bought this account in 2010 :D
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    10/10 Facial Aesthetics Ares232's Avatar
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    Originally Posted by brianmt View Post
    I disagree, the end of the year looks like it'll be great. To each his own
    Don't get me wrong I'm banking on it going up I really am, but ****s just stagnating, if it goes to the moon I'm all for it.
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