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Showing 20 of 155 results by noone000
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Board Scam Accusations
Re: Roobet scams Roobet.com is NOT honest casino
by
noone000
on 27/07/2020, 22:46:12 UTC
Quote from: 50pips on Today at 11:05:21 AM
Unfortunate this has happened. I was wondering if roobet was good or bad and this makes me think about useing them thats for sure. Any issue with withdrawal is a problem. Since someone here says were they are registered is dishonest place i will take my business elsewhere. Lucky for this post before i deposited. Either way hope you get your money mate.
roobet is a clear scam their crash game doesn't even have pf
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Topic
Board Legal
Re: do i have to pay tax on bitcoins ?
by
noone000
on 25/05/2017, 01:40:34 UTC
Quote from: BurtW on May 23, 2017, 11:45:56 PM
Good to see that at least one person in this thread is not just another piece of shit thread spammer!

Don't know about Canada.  I am in the US.  In the US, mining Bitcoins is taxed as ordinary income and profit from trading is taxed as a capital gain.

In the US you are required to report all your income from mining and all your profits from trading.  There are no exceptions.

If you do not report these things that is call tax evasion.  All these people in this thread that say "Well I am just not going to pay the taxes" are just fine until they get caught.  Then they will find out they owe all the taxes they did not pay, interest on all the taxes they did not pay and fines for not paying them.

How will they get caught?  It does not matter.  We will just have to wait and see how they get caught.  At least some of them will get caught.

I paid every cent of taxes on all of my Bitcoin income and capital gains and I was still "caught" for something different - not having a business licence to use localbitcoins.com.  I faced 5 years in prison and a $250,000 fine for that.  All these people can bury their head in the sand and claim they do not have to pay taxes for some asinine reason or another but for at least some of them it will end like this:

Bitcoin tax evader: "But Mr. IRS agent, people on the interwebby thing told me that since it is not  legal tender I don't have to pay taxes"
Mr. IRS agent:  "You believed that total bullshit?  I guess we will just have to fine you extra for being such a naive idiot."

Bottom line:  if you do not pay the taxes and you get caught, by whatever means, you will owe the taxes, interest and penalties.  It is tax evasion, simple as that.

I looked into your situation and am amazed at the ridiculousness of the entire thing. I also did do some research into Bitcoin taxing in Canada and it seems like some state that Bitcoins are considered barter instruments - a commodity - similar to gold. I guess all transactions should be reported and taxes apply to them. It doesn't appear that bitcoin is considered a true currency for all intents and purposes in Canada  yet though that may change with public interest given the increasing price.
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Topic
Board Speculation
Re: We are in a bubble but it will peak at $4000-$5000
by
noone000
on 24/05/2017, 21:55:50 UTC
Quote from: ktabb on May 24, 2017, 09:32:26 PM
Hey guys, I posted a pretty long and in-depth analysis of my view of the current state of bitcoin here:

In short, I think we are in entering a bubble but there is still room to run. Would love to hear if someone disagrees with the reasoning that I posted and why!

Also check out my bitcoin paper trading app! www.demoinvestor.com

EDIT:

It won't let me post the link properly for some reason. Here it is:

https://www.facebook.com/TBCPredictions/posts/881948598612117 copy and paste, switch the B and the T

I took a look at your post and I thought your reasoning was fairly sound, although your estimate of a 4000 USD peak in price sounded like a complete guess. This rapid increase in the value of the bitcoin not only mimics the crash in 2013, but also the massive stock market crash of 1929. The value of stocks were soaring before this point, but once prices started to fall, a massive wave of selling occurred and prices plummeted, causing many people to lose everything. In the short-term at least I do not believe we will see a crash in the price because the demand for the BTC is continuously growing and I do not think most investors plan on selling all of their bitcoins anytime soon.
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Board Legal
Re: do i have to pay tax on bitcoins ?
by
noone000
on 23/05/2017, 21:50:27 UTC
Quote from: BurtW on May 23, 2017, 12:37:33 PM
What country do you live in?

If you do not return to check for an answer to your question and answer mine then you are, of course, just another piece of shit thread spammer with a paid signature.

I live in Canada. I guess I'm not the piece of shit thread spammer with a paid signature you thought I was. I understand that since it is effectively unmonitorable apart from when you're withdrawing it to a bank, it might not be entirely necessary to report it but I'm not completely sure about it. Obviously if you're making a large sum of profit off bitcoins then if you want to start spending it on relatively large investments you would have to explain the origin of the funds. Do you have clarification on the legal perspective of bitcoins?
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Topic
Board Legal
Re: do i have to pay tax on bitcoins ?
by
noone000
on 23/05/2017, 04:50:38 UTC
Lets say a decent portion of your income is earned through bitcoins, be it bitcoin trade, gambling, free lance stuff, etc. When filing for your tax returns and that kind of stuff, do we have to state how many bitcoins you have made through these methods? I know in my country, you have to let the government know how much money you make annually so they can place you in the appropriate tax bracket. If so, how would the government be able to verify that you are being truthful? I would assume the anonymity of the BTC would make this fairly difficult.
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Topic
Board Marketplace
Re: Restaurants accepting bitcoin!
by
noone000
on 23/05/2017, 04:08:12 UTC
Quote from: @prashant on May 10, 2017, 06:22:47 PM
Quote from: udjin123 on May 10, 2017, 03:50:51 PM
I think that restaurants accepting bitcoin is a cool and great feature/idea because its fast and easy and also no one likes pulling out the cash
I think other payment option are much faster and instantaneous as compared to bitcoin.bitcoin is only investment asset.it is not that you can use in daily life or for micro payments.

I think I would have to agree with you on this on. While I consider myself a bitcoin enthusiast, I doubt this change will affect how I spend my money at restaurants. Paying for my bill via debit or credit card is already extremely easy and accessible, and the ability to purchase with bitcoins may only seem to be an added accessory which, at best, is just a marketing ploy to attract hard core enthusiasts of bitcoins.
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Topic
Board Marketplace
Re: How can we encourage local businesses to accept BTC?
by
noone000
on 23/05/2017, 03:45:01 UTC
Quote from: ubercool on May 19, 2017, 07:28:11 AM
Quote from: toanle098 on May 18, 2017, 01:56:57 PM
That's why we need to do something in able to encourage them and put their interest into bitcoin.

People are discussing that "Something" which you have mentioned. If we let them know that BTC price will increase in the future and show them the graph how it has raised to 1900$+. They should understand that BTC will not be just a payment gateway, it will also be savings for future, then only we have a chance of getting them on board.

While that may be true at the moment, the value of the bitcoin could easily fluctuate up or down, increasing the risk for any local businesses wishing to accept bitcoins. This is potentially harmful for companies wishing to accept bitcoins because of the potential for its value to plummet, and thus entail huge losses for them. If we want to promote BTC, we must first instil confidence of bitcoins for local businesses.
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Board Speculation
Re: BTC is not used for what is meant to be, possible Crash
by
noone000
on 22/05/2017, 23:01:34 UTC
Quote from: donbu7 on May 22, 2017, 04:48:56 PM
I am worry about that BTC is not being used for the porpouse of is creation, that is being used as a currency, instead is being used as an investment, and is going to crash if is just saved and not used, so the BTC will crash to zero very soon if that does´t change soon.

I don't think there is anything wrong with people saving currency, and I doubt this will make the bitcoins crash. I know that there are already many people that use BTC to make daily purchases and etc, but I also do not think there is anything wrong with people saving their bitcoins and treating it as a stock. People often do this with other international currencies, such as when one invests their money in an appreciating currency.
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Board Bitcoin Discussion
Re: How many ways are there to earn bitcoins?
by
noone000
on 20/05/2017, 01:37:00 UTC
This is just a thought, but do some employers pay their employees in bitcoins? I'm not quite sure if this would be legal, but potentially this could be a thing of the future. I assume this would be quite advantageous for some people as it would give people more freedom and control over their currency, as well as low fees and fewer risks associated with payments. I know some corporations pay their employees in stocks and market shares, so paying them with bitcoins would be around the same idea, right?
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Board Bitcoin Discussion
Re: Buying Drugs with Bitcoin ?
by
noone000
on 20/05/2017, 01:24:28 UTC
I don't really do drugs because I am aware of their harmful consequences but I do recall viewing several websites on the Deep Web where you can purchase things such as drugs, pirates/stolen goods and other illegal goods using bitcoins. I remember a very popular site was known as the silk road, although I'm not quite sure if it is still running. I would however advice caution with these kinds of things since I doubt you can trust a website that sells illegal goods very much.
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Board Bitcoin Discussion
Re: How does this community use bitcoin?
by
noone000
on 19/05/2017, 02:27:10 UTC
Well I think many people, including myself, view the bitcoin as closer to a stock (and money making asset) than an actual currency. People just want to own some BTC because of its rapidly appreciating value compared to other currencies. As far as I know, most places do not even accept bitcoins as a form of of payment. However, as more and more vendors start accepting the BTC , it may not be long until people start considering it a legitimate currency.
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Board Speculation
Re: What price would you stop buying Bitcoin?
by
noone000
on 19/05/2017, 00:51:31 UTC
Bitcoins are fairly similar to stocks in a way so I am not quite sure if there is a maximum price at which people would stop buying them. As the price of bitcoins continues to skyrocket (I believe its value reaches 1900 USD today), investors will be more likely to buy in as they would like to see the value of their assets increase. What would stop people from buying bitcoins however is if people were to start selling their bitcoins at a faster rate than it is being purchased, leading to a downward spiral in which more and more people continue to sell while the value continues to drop. That is essentially what took place during the Great Depression quite a few years ago. Let's hope that doesn't happen anytime soon! Though despite the cyclical nature of a stock crash, bitcoin has proved itself unwavering and has survived many 'deaths' over the years. Perhaps the root cause would be the stalwart believers in the decentralized currency, supposing that a lower price would simply be a positive opportunity. Basically if they price would start to plummet, bitcoin holders would start to sell off all their bitcoins. Then, when the price has reached its low, they buy back their bitcoins for a much lower price.
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Topic
Board Announcements (Altcoins)
Re: [ANN][OGC][ICO]Onegram.org - ONEGRAM Sharia Compliant Gold Backed Cryptocurrency
by
noone000
on 19/05/2017, 00:30:59 UTC
Quote from: Mpamaegbu on May 18, 2017, 09:17:50 PM
Why do people always make it look like the superiority of Bitcoin to altcoins is cast in stone. I really don't believe Bitcoin will continue to lead forever. A time will come when some altcoins will stand shoulder high over Bitcoin considering the fact that lately Bitcoin's dominance in the crypto market has dwindled. Or hasn't anyone noticed this sharp drop since January?

While it's true that altcoins can surpass bitcoin due to technological changes, I'm not sure what you're getting at when you say that there's been a sharp drop since January. It's all been upward since then. Since January 1st, the price has climbed $900 and is still going strong.
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Board Politics & Society
Re: Your opinion on recreational drug use
by
noone000
on 17/05/2017, 05:34:13 UTC
I mean, I've never done drugs myself so I can't speak on behalf of first hand knowledge, but I will say that I don't think there is much benefit in making them illegal. The demand for drugs is extremely inelastic as these things are very addictive, and this placing legal measures only forces drug addicts to use more desperate measures to get their stuff. I also think it is a but foolish to arrest people and throw them in prison for non-violent drug offenses.
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Board Politics & Society
Re: How do you feel about the death penalty?
by
noone000
on 16/05/2017, 01:47:15 UTC
In principle, I think the death penalty is understandable as, while the main goal of prisons is for rehabilitating people and bringing them back to society, there are some people that are beyond rehabilitation, and hence should be put down. However, in practise (especially in the United States), it has occurred far too often where someone has been wrongfully put in death row. That on top of the recent supply problems with actual concoction used in executions make me against it. 
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Board Off-topic
Re: How Much Money Can You Make on YouTube?
by
noone000
on 16/05/2017, 01:41:02 UTC
With all the controversy and demonetization happening on Youtube right now, I know many You tubers are facing a huge decrease in their advertisement revenues. I think this is very unfortunate as this stifles creativity and makes it harder for producers to do what want. While I cannot blame the advertisers, producers or Youtube itself, I do hope that this problem can be resolved in the near future.
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Topic
Board Speculation
Re: will bitcoin reach the $4000 mark this year ?
by
noone000
on 15/05/2017, 18:41:01 UTC
I'm a bit curious as to why there has been such a massive increase in the value of the bitcoin. I believe the exchange from BTC to the USD has increased from around 600 USD to 1 BTC last year to around 1700 now. Is this a result of an increase demand for the currency? Are investors looking to buy BTC because of its rising value, this increasing the demand and price?
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Topic
Board Marketplace
Re: How can we encourage local businesses to accept BTC?
by
noone000
on 15/05/2017, 18:36:28 UTC
While I do believe encouraging local businesses to accept bit coins may have future advantages, I can see why there might be some risks involved with this. The price of the bitcoin to the dollar is extremely volatile, and this may cause some problems for local retailers who may not know the currency exchange. I'm not quite sure what the potential economic impacts of this would be, but if there is someone here with a greater understanding of economics, I'd gladly hear your input.
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Board Gambling discussion
Re: How to control greed on gambling?
by
noone000
on 15/05/2017, 03:55:38 UTC
Quote from: Caladonian on May 15, 2017, 03:23:08 AM
Quote from: Pettuh4 on May 14, 2017, 11:02:41 PM
Once you've identified the problem as "greed" you should be able to tackle it by being satisfied with what you have or what you get from gambling so that you don't keep gambling even if th odds and luck start being against you. So I will recommend self discipline and the ability to know when to stop and be satisfied.
well that's the hardest part mate, knowing when to stop and discipline your self since greediness really eating you up every time you think that you are lucky, maybe limiting yourself and make some awareness that there's certain amount to target or certain percentage to place win or lose you needed to quit.

It is very hard for a gambler to control themselves when they are addicted and it is easy to get addicted to gambling. Usually gamblers are so concentrated on the winning outcome that they do not foresee the fatal losing outcome and that's when they lose control and begin to lose. Setting a limit also doesn't help if you are addicted because you will find an excuse to keep gambling to see if you can get more out of the game. Gamblers should seek help to prevent the leisurely activity from manifesting itself into a huge problem.
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Board Gambling discussion
Re: Why do you care?
by
noone000
on 15/05/2017, 03:51:27 UTC
Quote from: uneng on May 14, 2017, 09:11:43 PM
The online casinos are fair, they use provably fair system to show their users they aren't scamming anyone. It's different from real casinos where you go to play. In this case I have no idea if they are legit or not because I don't have access to them where I live.
We need to care about it, because it's our money in risk, if you want to have chances to make profit by gambling you must care about it.

Remember that gambling normally makes people lose and that the house always has the advantage. It's difficult to earn a profit gambling and in the long run you will lose because the house has games that are never in your favor and the odds are against you. I have a question though. Despite having provably fair, how many people bother checking it on a website?