Bitcoins - about to hit $5,000 per coin today!

[Teutonic Knight]

That's fucking impressive bra! But don't you mean 2.7?
47.3 +2.7 = 50 BTC

Vinces small mistake of $ 100 000 or so 

[Teutonic Knight]

Yeah Buddy! Nothing but a Satoshi...

3 Goodrums gimmicks in this topic 

[gib]

That's fucking impressive bra! But don't you mean 2.7?
47.3 +2.7 = 50 BTC

Thanks man.

Yes, sorry - typo. I have 49.3. Need .7 to get to 50. Hope that makes sense!

[gib]

How is that goldmine in Australia performing ...........

Hmmm, well I don't know how you know that. But yes, its true I am a part owner (shareholder) of a gold mine. How its it doing? Very well. Cost of mining at the moment is around 850 an Oz. And its selling for around 1700 an Oz. So doing well (for now anyhow).

[Griffith]

Ethereum is now above the price of gold 

[obsidian]

Ethereum is now above the price of gold 

Ethereum Open Price 2021:
Jan 01, 2021   737.71
Feb 01, 2021   1,314.86
Mar 01, 2021   1,417.15
Mar 14, 2021   1,908.64

Bitcoin Open Price 2017:
Jan 01, 2017   963.66
Feb 01, 2017   970.94
Mar 01, 2017   1,180.04
Mar 14, 2017   1,232.16
Apr 01, 2017   1,080.61
May 01, 2017   1,421.03
Jun 01, 2017   2,404.03
Jul 01, 2017   2,436.40
Aug 01, 2017   2,727.13
Sep 01, 2017   4,901.42
Oct 01, 2017   4,395.81   
Nov 01, 2017   6,440.97
Dec 01, 2017   10,198.60
Dec 17, 2017   19,475.80

https://finance.yahoo.com/quote/BTC-USD/history?period1=1483228800&period2=1514764800&interval=1d&filter=history&frequency=1d&includeAdjustedClose=true

https://finance.yahoo.com/quote/ETH-USD/history?p=ETH-USD

[obsidian]

Vinces small mistake of $ 100 000 or so 

Posting styles are different. Gib is not Venom Vince...

[DooM_]

3 Goodrums gimmicks in this topic 

 

[Griffith]

Perhaps a slight pull-back when trading opens on Monday?

Volume has been relatively low this weekend.

[Bindare_Dundat]

Perhaps a slight pull-back when trading opens on Monday?

Volume has been relatively low this weekend.

Getting killed now. Slight ain't the word. India fud ........again.

[Mayday]

Perhaps a slight pull-back when trading opens on Monday?

Volume has been relatively low this weekend.

Fucking carnage lol !!!

Short squeeze followed by long squeeze. The chat room is in meltdown of people getting wrecked.

Loads of buying pressure at 54k so someone is snapping coins up like a demon.

I would t be surprised to find out Microstrategy got another 100M in funds and this is all him!

[Mayday]

Getting killed now. Slight ain't the word. India fud ........again.

India news was out weeks ago. It isn’t that.

This is a last ditch effort for major players.

If it’s short lived, it’s just a last ditch effort to get what they can.

If it becomes a massive pullback sub 50 it’ll be a new participant.

[Theoak*]

8%-10% pullbacks....beats the 30-85% ive experienced for the last 7 years. Consider yourself lucky. If this pullback stays at 55-56k range then btc will go gang busters.

Lets wait for some ETF rejections like in 2017, see what those pullbacks are like.  Seems to be the same playbook with little less effect.

100k is imminent this year, just a matter of when.

[Bindare_Dundat]

India news was out weeks ago. It isn’t that.

This is a last ditch effort for major players.

If it’s short lived, it’s just a last ditch effort to get what they can.

If it becomes a massive pullback sub 50 it’ll be a new participant.

It was on then cover of yahoo News it did play a role for sure although I know they always go back and forth with h that nonsense

Whatever.  I'm longing this one.  Was in when we dropped into 56k.

[Theoak*]

It was on then cover of yahoo News it did play a role for sure although I know they always go back and forth with h that nonsense

India’s Finance Minister, “We will allow a window for people to use Bitcoin and experiment”


Thats a big statement right there.

Mayday is right, its a last ditch effort. This playbook has been beat to death. Seasoned investors know it and we are the majority hodlers.  Desensitized to the FUD.

[Bindare_Dundat]

1/2 billion dollars worth of bitcoin  moved from coinbase to unknown wallet

[Griffith]

BTC back up to 57k and ETH at 1.8k.

[Mayday]

It was on then cover of yahoo News it did play a role for sure although I know they always go back and forth with h that nonsense

Whatever.  I'm longing this one.  Was in when we dropped into 56k.

India news has been out for a while on major sites. If Yahoo are only reporting on it now they are massively behind. That isn’t the reason for the sell off anyway.

The reason for the dump was an alert of a huge number of coins being moved on the Gemini exchange. The original movement was reported as a whale entering to offload which triggered the sell off but the information was later corrected to say it was a movement of coins between wallets already on the exchange......oops.....

This same thing happened in January and a month later we find out Tesla bought in......

These ‘oops’ moments are the big boys fucking with everybody and someone big will be entering the market.

[Griffith]

What are the tax implications for earning interest on a cryptocurrency?

For instance, 5% on Bitcoin paid every month on a cryptocurrency exchange, even if not cashed out into fiat currency would the interest still be considered as part of total income?

[Mayday]

What are the tax implications for earning interest on a cryptocurrency?

For instance, 5% on Bitcoin paid every month on a cryptocurrency exchange, even if not cashed out into fiat currency would the interest still be considered as part of total income?

It’s classed as an asset so it’s in the capital gain boat where you only pay tax on the exit. Assuming your interest is paid in BTC......

Otherwise the scenario would be you earn 3% on 100K = and pay tax on 3k of BTC. Price then tanks to 50k where your 3k is now worth 1.5k but you already paid tax on the 3k and you can’t get a rebate.

It’s the same as a house. You only pay upon the exit assuming your interest is paid in BTC.

[Griffith]

It’s classed as an asset so it’s in the capital gain boat where you only pay tax on the exit. Assuming your interest is paid in BTC......

Otherwise the scenario would be you earn 3% on 100K = and pay tax on 3k of BTC. Price then tanks to 50k where your 3k is now worth 1.5k but you already paid tax on the 3k and you can’t get a rebate.

It’s the same as a house. You only pay upon the exit assuming your interest is paid in BTC.

Yes, classed as an asset and the interest paid in BTC.

Thanks!

[Bindare_Dundat]

Still taking a shit. Thought for sure wed bottom out at worst 55k. Oh well, the trading up.will be worth it.  Hopefully bounce at 52k if we get that low.

[Mayday]

Still taking a shit. Thought for sure wed bottom out at worst 55k. Oh well, the trading up.will be worth it.  Hopefully bounce at 52k if we get that low.

Depends how you view this dip. I commend your ball size when you went in from 56k.

The big boys liquidated 0.5B in shorts when it went to ATH. They then liquidated 1B of longs down to 54.5k. Carnage, heinous, wreckt!

It bounced from 53.2k and there is a lot of buying pressure.


If it’s a small dip I have it as:
53.6k (pretty close)
51.3k
49.2k

[Teutonic Knight]

Hmmm, well I don't know how you know that. But yes, its true I am a part owner (shareholder) of a gold mine. How its it doing? Very well. Cost of mining at the moment is around 850 an Oz. And its selling for around 1700 an Oz. So doing well (for now anyhow).

From Military Intelligence 

[obsidian]

Yes, classed as an asset and the interest paid in BTC.

Thanks!

Can you please provide more info on which platform you are using for this and what the interest rate is etc.? I am interested in doing the same. Thanks bro!