Bitcoin drops below $20,000 as crypto selloff quickens

[Valcazar]

Well, of course they do. It is still considered income as long as it can be exchanged for fiat currency......

Just like someone giving you a valuable piece of property or art counts.

 

[Valcazar]

Ok then, technically you could buy bread with the money.. isn't it?

I could buy bread with anything the person selling bread accepts in payment.

 

[Pleasure Hound]

What do you like about "the idea of a crypto-currency" and what elements that you like would survive regulation?

These are good questions. This is something that the "crypto-gods" really need to talk about, right?

 

[Valcazar]

These are good questions. This is something that the "crypto-gods" really need to talk about, right?

Mostly they talk about how if you regulated it, you will destroy what makes it great.
But no one is supposed to find that suspicious.

 

[Pleasure Hound]

Regulation

Mostly they talk about how if you regulated it, you will destroy what makes it great.
But no one is supposed to find that suspicious.

Regulation, in its early phases, only "destroys" something when someone wants a monopoly or doesn't want to share with others.

Crypto is nothing different from anything else that is made (and defended by) humans.....

 

[Valcazar]

Regulation

Regulation, in its early phases, only "destroys" something when someone wants a monopoly or doesn't want to share with others.

Crypto is nothing different from anything else that is made (and defended by) humans.....

Crypto is primarily a regulatory dodge.
That remains its major use case.
Like most things that become valuable by being a regulatory dodge, it really doesn't want regulations coming in.

 

[poker]

USD$ Aug1, 2022

 

[Steve_Stevens]

I never believed in Crapto

The rise from $1000 to $50000+ was 100% real.

 

[Ceiling Cat]

The rise from $1000 to $50000+ was 100% real.

The freefall Crapto is in is also real. There is a lack of confidence as world governments outlaw and stifle Crapto. Where is Crapto today?

 

[Steve_Stevens]

You missed a 50 burger. BTC is still a 20 burger. You missed massive gains. How did your mutual funds do?

 

[bver_hunter]

You missed a 50 burger. BTC is still a 20 burger. You missed massive gains. How did your mutual funds do?

Did you manage to get the actual cash when you cashed out on crypto currency at a peak of $65,000 per bitcoin?
Then did you declare those profits on your tax return?

 

[jesse_b]

Did you manage to get the actual cash when you cashed out on crypto currency at a peak of $65,000 per bitcoin?
Then did you declare those profits on your tax return?

Can we admit here if we did?

 

[Steve_Stevens]

Did you manage to get the actual cash when you cashed out on crypto currency at a peak of $65,000 per bitcoin?
Then did you declare those profits on your tax return?

Yes and No.

 

[bver_hunter]

Can we admit here if we did?

Sure, as you have an anonymous handle.

 

[jesse_b]

I didn’t personally. But I know 3 people who made tons and didn’t report it in 2021 return.

 

[Steve_Stevens]

Did you manage to get the actual cash when you cashed out on crypto currency at a peak of $65,000 per bitcoin?
Then did you declare those profits on your tax return?

Did you ever own any Crypto?

 

[bver_hunter]

Did you ever own any Crypto?

No.

 

[guyfromtdot]

You missed a 50 burger. BTC is still a 20 burger. You missed massive gains. How did your mutual funds do?

I think BTC will have a market cap of 100 trillion in 20 years

 

[Steve_Stevens]

I think BTC will have a market cap of 100 trillion in 20 years

maybe 200 trillion if china jumps on board

 

[DanteHall]

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