Not sure what the tax code is going to look like next year - with talk of increasing long term capital gains - so I'm trying to hedge a bit more fiat short term, just incase.

I have offically joined the ranks of retired WO gentleman. Working just seems kinda pointless.

I don't have any immediate plans to sell a big chunck of my stash - I'll just dip into it as needed.

Go Bitcoin go!

I honestly understand, especially if you need money to buy a home or other need. My point really is that you shouldn't sell to buy a lambo or any stupid shit like that.


Ways to make an income from your current stash:

1. Lend your coins. celsius.network etc
2. Sell BTC futures
3. Sell BTC covered calls

Take your pick on which works best. And yes for some of those things you may have to deliver but, you are in it for the income, just buy the BTC back, even if it is at a higher a price, rinse and repeat.

Hint: covered calls are a great way to sell you BTC, rather than the traditional sell at certain price point on normal exchange.

One of the only valid critiques of PoW mining, but I don't think we are even remotely close to it being an issue

It's actually good to try to educate people on this and how it works as far as bitcoin is concerned.

What do miners do? They mine.
What do miners "pay"? They pay the cost of electricity to mine.

So what is it they want to do? They want to lower their cost of electricity so they pay less to mine. They want to keep more profit. Some want to HODL the difference.

A lot of miners tend to migrate (physically) their machines to locations where electricity is cheap, or where there is no other user of that energy. They tend to look for renewable sources of energy, or other natural kind of stuff, like hydro, tidal, solar, wind ... maybe even nuclear. Energy that would just be wasted or not used because they are so far from the rest of humanity or civilization.

See, the actual mining machines do not need to be located where people live. They can be in remote places. Some places are naturally colder, like both ends of the earth, the north and south poles, Iceland, Greenland, Russia, Canada, Santa's Village, whatever.

It's not as big an issue as the naysayers think. Besides, miners who mine where they live, they pay for that electricity anyway, so what's the big deal? Humans are willing to pay $1 per kilowatt to live where they live. Mining machines tend to look for whereever the cost of electricity is below 1 cent per kilowatt hour. 2 is okay. 1 is good. Zero is better.

All this energy not being used for any other purpose then goes on to securing the bitcoin network.

Now, we can all sleep at night knowing our money, or safe haven asset, one that has been performing better than anything else in the market, is secure, and will likely be secure for the next one hundred years.

There just are no sellers right now.

Current max tax rate in US for long-term gains is 20%.

This is from their FAQ:

"When you receive cryptocurrency from an airdrop following a hard fork, you will have ordinary income equal to the fair market value of the new cryptocurrency when it is received, which is when the transaction is recorded on the distributed ledger, provided you have dominion and control over the cryptocurrency so that you can transfer, sell, exchange, or otherwise dispose of the cryptocurrency."

https://www.irs.gov/individuals/international-taxpayers/frequently-asked-questions-on-virtual-currency-transactions

I guess you would have to have a good justification for showing what the fair market value was even if it wasn't on an exchange such as any trading activity you could find on this board or elsewhere.

You boys should be ashamed of yourselves plastering these semi pornographic pictures all over this very serious thread.
What about these girls' characters anyway? that's what you should be wondering. Perhaps No 1 is interested in 17th century French Literature?
Perhaps Miss Middle escaped across the Syrian border with just a few coins and her wily conversational skills. The third one can obviously cater a banquet for 500 in her sleep and speak six languages. And yet you leer and lust like pigs smh

    I think he is right about this. Anything is possible with Bitcoin, and if price get to 100k what can stop it from getting to
1 Million? Remember that many people never imagined that Bitcoin can get to 10k, we are there twice in two years. With
right we wonder is this the last time we saw price of Bitcoin under 10k!? Maybe June 2019 will be remembered by that.

I'm starting to lose motivation at work...

This is unsustainable. The price will be under $10k before the end of the year, and stay there until Libra takes over. Bitcoin is done. Short bitcoin.

Way too much way too early. 1% maybe at $100k. Maybe.

Just like sex....

Anybody have a slight feeling we’re pumping too much, too fast? I think we’ll touch $10,000 but it wouldn’t surprise me if we corrected to $7,500 ish.

I seem to recall you betting down, previously, while bitcoin prices were going up.  

Difficult to lose money in a bull market, but some peeps manage to achieve such... including jonoiv.  This time is different?  hahahahahaaha

Good luck.....  

NOT.