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

[gib]

True.  But at least physical fiat currency still has anonymity, an all digital currency does not.

Huh? Digital currencies can be entirely anonymous. Just today I bought something with bitcoin. Totally anonymous if you transfer between two parties. Where it becomes known though is if you buy or sell via a US regulated exchange like Coinbase. (Same as if you trade stock in the US).

[luckyone]

Why is why any getbigger who does not want to become enslaved should buy now.

Question for gib or others: What is your view or opinion on USI Tech? Scam or good way to invest in cryptocurrency??

[gib]

Question for gib or others: What is your view or opinion on USI Tech? Scam or good way to invest in cryptocurrency??

USI tech is a scam. Stay well away.

If you want to invest in crypto keep it simple. Buy bitcoin (either via an exchange such as Coinbase) or directly from someone selling. Store it offline on a Trezor. Sit. And wait.

[luckyone]

USI tech is a scam. Stay well away.

If you want to invest in crypto keep it simple. Buy bitcoin (either via an exchange such as Coinbase) or directly from someone selling. Store it offline on a Trezor. Sit. And wait.

What exactly is a TREZOR? Do you first establish a Coinbase account, and then get a TREZOR, or is it the reverse. Sorry for the noobee questions.

[gib]

What exactly is a TREZOR? Do you first establish a Coinbase account, and then get a TREZOR, or is it the reverse. Sorry for the noobee questions.

This is a Trezor. Buy on Coinbase and then transfer to Trezor. That takes your bitcoins off the Coinbase exchange meaning they can’t be stolen or seized etc.

[Mr Anabolic]

Huh? Digital currencies can be entirely anonymous. Just today I bought something with bitcoin. Totally anonymous if you transfer between two parties. Where it becomes known though is if you buy or sell via a US regulated exchange like Coinbase. (Same as if you trade stock in the US).

Cash out... the money goes into a bank account... taxman starts investigating.   Anonymous? 

[Mr Anabolic]

Why is why any getbigger who does not want to become enslaved should buy now.

As I stated above, all digital currency is worse than physical fiat currency.  

ANYTHING digital can be traced, tracked, hacked, stolen, deleted, etc.  At least there is anonymity with paper money.  

[Shizzo]

As I stated above, all digital currency is worse than physical fiat currency.  

ANYTHING digital can be traced, tracked, hacked, stolen, deleted, etc.  At least there is anonymity with paper money.  

That is right on. Digital currency is always traceable by someone. However, we have all heard the phrase: Under the table.

[HTexan]

Cash out... the money goes into a bank account... taxman starts investigating.   Anonymous? 

Anytime you get a BANK involved or make huge purchase, it is reported to the IRS. What is your point?

[Zillotch]

That is right on. Digital currency is always traceable by someone. However, we have all heard the phrase: Under the table.

its a matter of control... digital allows for complete control... ultimate power.

[Mr Anabolic]

Anytime you get a BANK involved or make huge purchase, it is reported to the IRS. What is your point?

My point that any/all Blipcoin sales must be sent to a bank account then converted into currency before any profits/gains can be realized.  Those transactions are not anonymous, no matter what the blipcoin devotees claim. 

Physical cash can be kept in a home safe, and if purchases are kept small, are totally untraceable for the most part. 

Precious metals can be purchased with cash and sold with no record of the transaction.

Do you even have a point?

[Mr Anabolic]

That is right on. Digital currency is always traceable by someone. However, we have all heard the phrase: Under the table.

That phrase only applies when the transaction of physical cash is involved.

[HTexan]

My point that any/all Blipcoin sales must be sent to a bank account then converted into currency before any profits/gains can be realized.  Those transactions are not anonymous, no matter what the blipcoin devotees claim. 

Physical cash can be kept in a home safe, and if purchases are kept small, are totally untraceable for the most part. 

Precious metals can be purchased with cash and sold with no record of the transaction.

Do you even have a point?

totally wrong. You can cash for your bitcoins a few different ways. You don't know much about bitcoins huh?

[Mr Anabolic]

totally wrong. You can cash for your bitcoins a few different ways. You don't know much about bitcoins huh?

Describe the ways.  I like debating tulip coin morons.

[JAGO]

We have Bitcoin ATM's all over Canada . . . Insert a card and get cash.

[Mr Anabolic]

We have Bitcoin ATM's all over Canada . . . Insert a card and get cash.

All transactions are recorded.

[JAGO]

I can't say for sure and if they are, what is your point?

J

[Mr Anabolic]

I can't say for sure and if they are, what is your point?

J

Booked/spent profits and transactions are traceable and taxable... it's NOT anonymous. 

[JAGO]

Booked/spent profits and transactions are traceable and taxable... it's NOT anonymous. 

Hum . . . The government would have to have knowledge of a bitcoin account and a constitutional right to access the information ( data.) Look at it this way, I get cash on a frequent basis, a few hundred to a thousand. I deposit it and spend it and not once have I been taxed on the interest it generates. I think any taxation of interest from BC would be years coming given the infrastructure needed to track, audit, and tax it. Just my thinking at the moment.

J

[Mr Anabolic]

Hum . . . The government would have to have knowledge of a bitcoin account and a constitutional right to access the information ( data.) Look at it this way, I get cash on a frequent basis, a few hundred to a thousand. I deposit it and spend it and not once have I been taxed on the interest it generates. I think any taxation of interest from BC would be years coming given the infrastructure needed to track, audit, and tax it. Just my thinking at the moment.

J

A constitutional right to access the information?     The IRS (and every other global tax authority) can do whatever it wants, whenever it wants.

This thread proves how naïve and delusional blipcoin devotees are.    

[Zillotch]

This thread proves how naïve and delusional    

have u noticed, that an alarming amount of men r incapable of logic now? this is dire, truly.

[Mr Anabolic]

You can buy and sell bitcoins on the website localbitcoins.com anonymously.

I don't know if you have this in the US but in Australian banks offer a sevice called "cardless cash". It for when people forgot or lost their ATM card, so they use their internet banking to create a cash withdrawal, the bank gives a code, then you go to the ATM and enter the code and cash comes out.

So if you wanted to sell bitcoins you get the other person to give you their code, then you go to their ATM and withdraw the cash without entering any personal details. Just wear a hat and sunglasses just in case there is a camera. Then you can store the cash under your matress.

With buying bitcoin you can deposit the cash at an ATM without leaving personal details.

EVERY digital transaction is traceable... ALL of them.  Nothing anonymous about it.

The ONLY assets that are anonymous is physical cash and gold and silver you bought with physical cash.   

Governments want to ban cash.  IMO, this is why governments have permitted cryptos to exist this long.  It's a beta test for what's coming.  NO ONE should be in favor of this.  You are trading your freedom and privacy for a digital get rich quick scam... that's sick.   

[SF1900]

Bitcoin down to $9,704. It went down a few hundred dollars since yesterday!

[JAGO]

A constitutional right to access the information?     The IRS (and every other global tax authority) can do whatever it wants, whenever it wants.

This thread proves how naïve and delusional blipcoin devotees are.    

You are wrong. If Bitcoin is a new paradigm existing laws would not be applicable and easily changeable. If its not recognized as a currency it would not be covered under current taxation code and new laws would need to be pushed through your congress under you demented President. These new laws would need to be written under an umbrella of the constitution. Period. Delusional . . . If you want to act like a child so can I and as I looked at some of your back posts you are nothing more than a board loud mouth who shoots from the hip so you can argue just for that sake. Not to mention you cant spell or communicate in writing. My advice is to get your GED, but in the meantime  . . . An early Christmas present - www.grammarly.com

J

[Mr Anabolic]

You are wrong. If Bitcoin is a new paradigm existing laws would not be applicable and easily changeable. If its not recognized as a currency it would not be covered under current taxation code and new laws would need to be pushed through your congress under you demented President. These new laws would need to be written under an umbrella of the constitution. Period. Delusional . . . If you want to act like a child so can I and as I looked at some of your back posts you are nothing more than a board loud mouth who shoots from the hip so you can argue just for that sake. Not to mention you cant spell or communicate in writing. My advice is to get your GED, but in the meantime  . . . An early Christmas present - www.grammarly.com
J

Pure obfuscation.  YOU are the delusional one.  You drank so much crypto Kool-Aid, you're drunk... so drunk that it has impaired all critical thinking processes you may have had.

Someone critiques your precious Ponzi tulips and pokes holes through your faulty logic, you shoot the messenger and start name calling.  Very, very typical of a diehard bitcoin devotee.  

Bitcoin is bubble Ponzi scheme... period.  Totally intangible and worthless.  It is a digital illusion of wealth.  The only reason you're in and defending this Ponzi scam is to get something for nothing and to get rich quick... no other reason.