Quote from: ZooKeeper74 on March 28, 2014, 05:19:56 AM

Daytrading has wasted my last 3 years, its amazing how much time we spend on 'hope' when we could just be doing something, producing something of value, offering a service, learning something new,etc. Trying to make money I didnt earn has been a wakeup,. Not bashing anyone,but this is worse than gambling, because families lose out when you cash in, not a casino. Every extra piece of pie is on that came off someone elses plate.

I feel for you on your losses today, but seriously when did you think day trading wasn't gambling? Some people are good at it, some people aren't. I like gambling as well, but I know enough not to "invest" the rent or grocery money on gambling. I really like bitcoin, but I still keep 2/3rd of my fungible assets as cash. I saw about a grand worth of USD evaporate today on my bitcoin holdings, but I've seen it go up as fast as it goes down. If I really couldn't do without that grand, I wouldn't have bought bitcoin with it.

Bitcoin is going to be very volatile until the tipping point where commerce is greater than speculation. I think American companies like Coinbase and Bitpay are going to make this happen in the USA. Americans are much too libertarian to allow a government crackdown on bitcoin. For example, there's horrific mass shootings in the news, yet it is impossible to institute regulations that the attempt to prohibit the mentally ill and criminals from buying guns. Do really think they can outlaw bitcoin just to keep some kid from buying drugs online?

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Im done. The only way I've broke even is rapid selling at dishonestly high increases for payment methods that scream "Minor buying drugs on Silk Road" (would else would pay 25% over?), now that fed has btc on the books, turns out theres a good chance they created it (Yes Dorian is the creator, care to acknowledge who he was working for at the time??) to create financial criminals out of average citizens, to play a role in the destruction of the dollar and help bring about new currency laws [which will make owning untrackable currency illegal], I dont need the IRS knocking on my door 10 years from now over some legal-financial technicality no current legal team would understand, but thats exactly what I see coming out of the whole ordeal. The United States government has shown us all that they criminalize income more than anything.

The US government had a hand in designing Tor as well. The purpose was to protect and enable political dissidents in countries that we feel morally superior to.

There's nothing about bitcoin that makes it inherently criminal. If you are a US citizen, by law you have to pay your taxes. You have to pay your taxes on making money trading gold, silver, bitcoin, or some bullshit stock. You should know the rules when you leave a W2 job. Even criminals (the smart ones, at least) know how to at least look like they are playing by the rules ever since Al Capone went down on tax evasion. BTW, you should know if you make an honest mistake in your tax return, the statute of limitations is only 7 years (the amount of time you need to store your records). There's a longer limitation if you did something criminal (willfully made a fraudulent statement on your tax return) that requires a criminal conviction (proved beyond a reasonable doubt).