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Forum » MISC Crypto Crew (MCC) Vol.3 Fork it ...im all in!
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Thread: MISC Crypto Crew (MCC) Vol.3 Fork it ...im all in!

post 1534511581 11-14-2017, 01:32 AM
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#8401
  1. Gringo12
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I'm not overly sold on MODUM however I am considering moving a few k into it to just cover my bases on having a piece in the supply chain crypto projects. I see modums use case being quite small realistically compared to waltons but I don't think it can "lose". Supply chain is a clear industry that can benefit from blockchain implementation.
Fck u james
post 1534511701 11-14-2017, 01:35 AM
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#8402
  1. Parkerscott
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Originally Posted By manjay⏩
I'm hoping others like me are over all this BTC/BCH BS manipulation and games and shuns them all together. Ethereum deserves to be on top over these fkers, having the skeletal overlord as the face over core/ver/jhin BS drama will bring us prosperous times.
Agreed. Waiting for tech to take over rather than name recognition and pure manipulation.
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post 1534511821 11-14-2017, 01:39 AM
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#8403
  1. mcdojo
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IRS about to come in dry on you americans

http://www.zerohedge.com/news/2017-1...ains-or-losses

The biggest problem, however, and the reason why the IRS is unlikely to relent is that as the IRS said, it detected a "reporting gap" between the 500,000 virtual currency users Coinbase reported between 2013 and 2015 and the less than 900 bitcoin users reporting gains or losses for each of those years.

That would imply that less than 0.2% of coinbase users bothered to report anything on their tax forms. One can see why the IRS is angry.

And, worse for those who believe they will be able to get away with their cryptoprofits unscathed by Federal Taxes, following last week's hearing, a federal judge is poised to allow a limited investigation into those gains to proceed over the company’s objection that the agency is on “a massive fishing expedition” meant to make itself look tough in the eyes of its critics in Congress, according to Bloomberg.
post 1534512011 11-14-2017, 01:43 AM
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#8404
  1. Parkerscott
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Originally Posted By mcdojo⏩
IRS about to come in dry on you americans

http://www.zerohedge.com/news/2017-1...ains-or-losses

The biggest problem, however, and the reason why the IRS is unlikely to relent is that as the IRS said, it detected a "reporting gap" between the 500,000 virtual currency users Coinbase reported between 2013 and 2015 and the less than 900 bitcoin users reporting gains or losses for each of those years.

That would imply that less than 0.2% of coinbase users bothered to report anything on their tax forms. One can see why the IRS is angry.

And, worse for those who believe they will be able to get away with their cryptoprofits unscathed by Federal Taxes, following last week's hearing, a federal judge is poised to allow a limited investigation into those gains to proceed over the company’s objection that the agency is on “a massive fishing expedition” meant to make itself look tough in the eyes of its critics in Congress, according to Bloomberg.
The IRS just has to subpoena all fiat gateways. Problem solved.
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post 1534512111 11-14-2017, 01:47 AM
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#8405
  1. Gringo12
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Originally Posted By mcdojo⏩
IRS about to come in dry on you americans

http://www.zerohedge.com/news/2017-1...ains-or-losses

The biggest problem, however, and the reason why the IRS is unlikely to relent is that as the IRS said, it detected a "reporting gap" between the 500,000 virtual currency users Coinbase reported between 2013 and 2015 and the less than 900 bitcoin users reporting gains or losses for each of those years.

That would imply that less than 0.2% of coinbase users bothered to report anything on their tax forms. One can see why the IRS is angry.

And, worse for those who believe they will be able to get away with their cryptoprofits unscathed by Federal Taxes, following last week's hearing, a federal judge is poised to allow a limited investigation into those gains to proceed over the company’s objection that the agency is on “a massive fishing expedition” meant to make itself look tough in the eyes of its critics in Congress, according to Bloomberg.
Lmao you cheeky Americans. You only pay taxes on profits right? So technically I can withdraw up to 24k from my portfolio and not have to pay taxes on it?
Fck u james
post 1534512261 11-14-2017, 01:51 AM
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#8406
  1. Parkerscott
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Originally Posted By Gringo12⏩
Lmao you cheeky Americans. You only pay taxes on profits right? So technically I can withdraw up to 24k from my portfolio and not have to pay taxes on it?
As soon as you sell at a profit it becomes a taxable event. You can technically hold, and not have to pay taxes. Coinbase is also cracking down on tax evaders btw. About two weeks ago I had to send them proof of where my income was coming from.
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post 1534512301 11-14-2017, 01:52 AM
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#8407
  1. BostonRockets
  2. Flâneur
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this is good for privacy coins, no?

wouldn't that be the best way to cash out tax free gains?
Death is impossible for us to fathom: it is so immense, so frightening, that we will do almost anything to avoid thinking about it. Society is organized to make death invisible, to keep it several steps removed. That distance may seem necessary for our comfort, but it comes with a terrible price: the illusion of limitless time, and a consequent lack of seriousness about daily life. We are running away from the one reality that faces us all.
post 1534512311 11-14-2017, 01:52 AM
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#8408
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Post deleted by user
post 1534512331 11-14-2017, 01:52 AM
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#8409
  1. goonsondeck
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is the bcash pump done and dusted or nah
post 1534512831 11-14-2017, 02:06 AM
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#8410
  1. Gringo12
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Originally Posted By Parkerscott⏩
As soon as you sell at a profit it becomes a taxable event. You can technically hold, and not have to pay taxes. Coinbase is also cracking down on tax evaders btw. About two weeks ago I had to send them proof of where my income was coming from.
Yeah but let's say I've put in 20k, as long as I withdraw an amount less than or equal to 20k then there's no profit, just the initial investment so I shouldn't have to pay tax on that
Fck u james
post 1534512891 11-14-2017, 02:08 AM
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#8411
  1. mcdojo
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Originally Posted By BostonRockets⏩
this is good for privacy coins, no?

wouldn't that be the best way to cash out tax free gains?
as long as you never use a centralised exchange which you have to register. else they'll just subpoena records and deem your income.
post 1534512901 11-14-2017, 02:08 AM
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#8412
  1. Parkerscott
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Originally Posted By BostonRockets⏩
this is good for privacy coins, no?

wouldn't that be the best way to cash out tax free gains?
Privacy coins are only useful if you intend to tumble and cash out in an OTC market like localbitcoins or know a big buyer who will trade for fiat. If you go through a fiat gateway like coinbase,gemini,etc and cash out for usd there will be a paper trail no matter what. I just pay my taxes like a good little goyim. The tax man is usually a couple steps ahead of normies. Good luck explaining how you managed to purchase a porsche when your income tax says you are pulling in 30k a year.
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post 1534512911 11-14-2017, 02:08 AM
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#8413
  1. mcdojo
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Originally Posted By Gringo12⏩
Yeah but let's say I've put in 20k, as long as I withdraw an amount less than or equal to 20k then there's no profit, just the initial investment so I shouldn't have to pay tax on that
i think IRS counts each buy sell as a taxable event. so if they have your whole trade log, they can deem your profit, even if you dont withdraw
post 1534513011 11-14-2017, 02:11 AM
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#8414
  1. Parkerscott
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Originally Posted By Gringo12⏩
Yeah but let's say I've put in 20k, as long as I withdraw an amount less than or equal to 20k then there's no profit, just the initial investment so I shouldn't have to pay tax on that
I believe so. Im not a tax professional, but if you ended the year like this in the negative you would declare it as a loss. Here in the U.S. if you hold an asset for a year you get factored into long term capital gains so i believe if you pulled it out at any time prior even if it was a loss, you would have to start over.
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post 1534513101 11-14-2017, 02:13 AM
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#8415
  1. BostonRockets
  2. Flâneur
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Originally Posted By Parkerscott⏩
Privacy coins are only useful if you intend to tumble and cash out in an OTC market like localbitcoins or know a big buyer who will trade for fiat. If you go through a fiat gateway like coinbase,gemini,etc and cash out for usd there will be a paper trail no matter what. I just pay my taxes like a good little goyim. The tax man is usually a couple steps ahead of normies. Good luck explaining how you managed to purchase a porsche when your income tax says you are pulling in 30k a year.
Yeah, just sucks calculating that fat chunk that's gonna be taken out if you ever pulled out big time.
Death is impossible for us to fathom: it is so immense, so frightening, that we will do almost anything to avoid thinking about it. Society is organized to make death invisible, to keep it several steps removed. That distance may seem necessary for our comfort, but it comes with a terrible price: the illusion of limitless time, and a consequent lack of seriousness about daily life. We are running away from the one reality that faces us all.
post 1534513311 11-14-2017, 02:19 AM
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#8416
  1. Tuga88
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Vitalik confirmed peado, tours over.
There is but one path....we kill them all.
post 1534513661 11-14-2017, 02:29 AM
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#8417
  1. mcdojo
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Originally Posted By Tuga88⏩
Vitalik confirmed peado, tours over.
Would anyone really be too surprise, no offense but he has the look
post 1534513721 11-14-2017, 02:30 AM
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#8418
  1. lordpatrick
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Lucky you guys who have a lot of bitcoin, you're going to get very rich in december !

CME BTC futures trading confirmed on the second week of december.
post 1534514081 11-14-2017, 02:42 AM
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#8419
  1. flipperfin
  2. Flippin' stuff since '90
  1. flipperfin
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Originally Posted By lordpatrick⏩
Lucky you guys who have a lot of bitcoin, you're going to get very rich in december !

CME BTC futures trading confirmed on the second week of december.
Do you have a link for that? Damn
post 1534514511 11-14-2017, 03:02 AM
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#8420
  1. lordpatrick
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Originally Posted By flipperfin⏩
Do you have a link for that? Damn
https://www.cnbc.com/2017/11/13/cme-...-december.html
post 1534514601 11-14-2017, 03:06 AM
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#8421
  1. Burgerbuger
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So is Eth going super nova soon?
Kindness is all that matters in life
post 1534514671 11-14-2017, 03:09 AM
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#8422
  1. BostonRockets
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Fuk powerledger going ape

is it all just because of pbc speculation?

thing gonna dump hard if its not the pick
Death is impossible for us to fathom: it is so immense, so frightening, that we will do almost anything to avoid thinking about it. Society is organized to make death invisible, to keep it several steps removed. That distance may seem necessary for our comfort, but it comes with a terrible price: the illusion of limitless time, and a consequent lack of seriousness about daily life. We are running away from the one reality that faces us all.
post 1534514851 11-14-2017, 03:14 AM
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#8423
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post 1534514971 11-14-2017, 03:19 AM
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#8424
  1. MaDeRgOs
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Originally Posted By BostonRockets⏩
Fuk powerledger going ape

is it all just because of pbc speculation?

thing gonna dump hard if its not the pick
Whens pbc out?

I got in on this, made some good gains to cancel out the raping i gave myself on BCH
post 1534514991 11-14-2017, 03:19 AM
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#8425
  1. raunchybrah
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Originally Posted By lordpatrick⏩
Lucky you guys who have a lot of bitcoin, you're going to get very rich in december !

CME BTC futures trading confirmed on the second week of december.
How does BTC futures relate to the BTC price?
post 1534515081 11-14-2017, 03:21 AM
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#8426
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1000 eth buy wall on binance lol ****ing whales


BTC futures consolidates BTC price, attracts mainstream buyers who are afraid because futures will be on the biggest exchange in the world, wall street money will also float in
post 1534515121 11-14-2017, 03:22 AM
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#8427
  1. DavidL913
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https://qz.com/1126398/inside-devcon...reum-diehards/


not a single person there lifts.
***Los Angeles MISC Crew***

***Misc Crypto Crew***
post 1534515331 11-14-2017, 03:30 AM
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#8428
  1. BostonRockets
  2. Flâneur
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Originally Posted By DavidL913⏩
https://qz.com/1126398/inside-devcon...reum-diehards/


not a single person there lifts.
why lift when its all about crypto lambos?
Death is impossible for us to fathom: it is so immense, so frightening, that we will do almost anything to avoid thinking about it. Society is organized to make death invisible, to keep it several steps removed. That distance may seem necessary for our comfort, but it comes with a terrible price: the illusion of limitless time, and a consequent lack of seriousness about daily life. We are running away from the one reality that faces us all.
post 1534515391 11-14-2017, 03:34 AM
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#8429
  1. DavidL913
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Originally Posted By BostonRockets⏩
why lift when its all about crypto lambos?
why not both?
***Los Angeles MISC Crew***

***Misc Crypto Crew***
post 1534515641 11-14-2017, 03:43 AM
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#8430
  1. RespectYourself
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Originally Posted By Tuga88⏩
Vitalik confirmed peado, tours over.
He's not a peado ffs. Guy is a legit genius but awkward as fk, was trying to make a point about something but used the worst example possible lol.
Time flies like an arrow; Fruit flies like a banana.
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