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geokills
∙∙∙∙☼ º¿° ☼∙∙∙∙


Registered: 05/08/01
Posts: 23,417
Loc: city of angels
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Re: Cryptocurrency: A Discussion on Bitcoin, Ethereum and Related Projects [Re: geokills] 1
#28515520 - 10/23/23 04:56 PM (3 months, 4 days ago) |
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Startin' to feel like the good ol' days! 
Public funds saw a $43 million inflow into bitcoin today, that's 10% of the YTD total in one day   

Blackrock has also received their stock symbol for their proposed iShares bitcoin ETF: IBTC
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-------------------- ┼ ··∙ long live the shroomery ∙·· ┼ ...╬π╥ ╥π╬...
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ManianFH
living in perverty



Registered: 07/06/04
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Re: Cryptocurrency: A Discussion on Bitcoin, Ethereum and Related Projects [Re: geokills]
#28516009 - 10/23/23 10:26 PM (3 months, 3 days ago) |
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Holy moly!! What kind of fuel is crypto burnin right now
-------------------- notapillow said: "you are going about this endeavor all wrong. clear your mind of useless fear and concern. buy the ticket, take the ride, and all that.... " ChrisWho said: "It's all about the journey, not the destination."
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mongo lloyd
Lone Free Ranger



Registered: 10/16/09
Posts: 9,351
Loc: UK
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Re: Cryptocurrency: A Discussion on Bitcoin, Ethereum and Related Projects [Re: ManianFH]
#28516310 - 10/24/23 08:29 AM (3 months, 3 days ago) |
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Feels like we're gearing up for the halvening
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tomnl
Beginner



Registered: 06/16/08
Posts: 1,635
Loc: Under the shroom
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Re: Cryptocurrency: A Discussion on Bitcoin, Ethereum and Related Projects [Re: mongo lloyd] 1
#28518424 - 10/26/23 01:53 AM (3 months, 1 day ago) |
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-------------------- Been away so long I hardly knew the place Gee, it's good to be back home Leave it till tomorrow to unpack my case Honey disconnect the phone I'm back in the USSA You don't know how lucky you are, boy Back in the US Back in the US Back in the USSA
Edited by tomnl (10/26/23 01:54 AM)
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tomnl
Beginner



Registered: 06/16/08
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Re: Cryptocurrency: A Discussion on Bitcoin, Ethereum and Related Projects [Re: tomnl]
#28518484 - 10/26/23 04:00 AM (3 months, 1 day ago) |
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Budmanman, as a memecoin expert. Should i ape into Mogcoin, like a 12 year old?
-------------------- Been away so long I hardly knew the place Gee, it's good to be back home Leave it till tomorrow to unpack my case Honey disconnect the phone I'm back in the USSA You don't know how lucky you are, boy Back in the US Back in the US Back in the USSA
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budmanman
OTD Masterbater



Registered: 02/07/07
Posts: 17,974
Loc: PNW
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Re: Cryptocurrency: A Discussion on Bitcoin, Ethereum and Related Projects [Re: tomnl]
#28518491 - 10/26/23 04:23 AM (3 months, 1 day ago) |
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Mog looks very promising.
-------------------- Everything I have ever said is total bogus bs I am full of crud therefore everything I say should never be taken literal. And I am mentally unstable.
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budmanman
OTD Masterbater



Registered: 02/07/07
Posts: 17,974
Loc: PNW
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Re: Cryptocurrency: A Discussion on Bitcoin, Ethereum and Related Projects [Re: budmanman]
#28518492 - 10/26/23 04:24 AM (3 months, 1 day ago) |
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memecoins are exploding all over its great.
-------------------- Everything I have ever said is total bogus bs I am full of crud therefore everything I say should never be taken literal. And I am mentally unstable.
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geokills
∙∙∙∙☼ º¿° ☼∙∙∙∙


Registered: 05/08/01
Posts: 23,417
Loc: city of angels
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Re: Cryptocurrency: A Discussion on Bitcoin, Ethereum and Related Projects [Re: tomnl]
#28518592 - 10/26/23 07:30 AM (3 months, 1 day ago) |
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Holy crap liquidity is horrendous on Koindx at the moment, I suppose on account of just having launched. I'm seeing a better than 30% price impact to swap only 500 KOIN (and a 96%+ price impact if I trade out only half of my KOIN to ETH!). I wouldn't mind being a liquidity provider, but I'm not sure how to get the wrapped ETH on KOINOS.
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-------------------- ┼ ··∙ long live the shroomery ∙·· ┼ ...╬π╥ ╥π╬...
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Spaghetti burrito
Stranger

Registered: 05/09/22
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Re: Cryptocurrency: A Discussion on Bitcoin, Ethereum and Related Projects [Re: geokills]
#28518755 - 10/26/23 10:32 AM (3 months, 1 day ago) |
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Damn that is brutal. Holding KOIN has been... interesting. No intention to sell now after all these years even though it looks like it'll probably get absolutely murdered by a big BTC rally.
Also please don't nuke the price 96% geokills ser ma famalie lol
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Spaghetti burrito
Stranger

Registered: 05/09/22
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Re: Cryptocurrency: A Discussion on Bitcoin, Ethereum and Related Projects [Re: geokills]
#28518795 - 10/26/23 11:17 AM (3 months, 1 day ago) |
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geokills
∙∙∙∙☼ º¿° ☼∙∙∙∙


Registered: 05/08/01
Posts: 23,417
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Re: Cryptocurrency: A Discussion on Bitcoin, Ethereum and Related Projects [Re: Spaghetti burrito]
#28518948 - 10/26/23 01:51 PM (3 months, 1 day ago) |
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Yeah I did see that chainge.finance offered a solution, however I'm always a bit sus about holding bridged assets long term, in the event the bridge gets compromised (as has been a fairly common point of failure). Further, after looking at some of the limited data from the ETH/KOIN pool on chainge, it seems probable that I would end up diluting my exposure to KOIN and increasing my exposure to ETH, which isn't really my goal.
Thus, I'm going to sit out the LP position for now. If and when the network matures, I may reconsider. But given its nascency, I'd rather maintain my full exposure directly to KOIN without the added bridge risk or potential dilution entailed by a liquidity provider position with a bridged asset.
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-------------------- ┼ ··∙ long live the shroomery ∙·· ┼ ...╬π╥ ╥π╬...
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budmanman
OTD Masterbater



Registered: 02/07/07
Posts: 17,974
Loc: PNW
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Re: Cryptocurrency: A Discussion on Bitcoin, Ethereum and Related Projects [Re: geokills]
#28518973 - 10/26/23 02:17 PM (3 months, 1 day ago) |
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I am up 125% over the last month on Floki. Diamond hands for Harambe
-------------------- Everything I have ever said is total bogus bs I am full of crud therefore everything I say should never be taken literal. And I am mentally unstable.
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Spaghetti burrito
Stranger

Registered: 05/09/22
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Re: Cryptocurrency: A Discussion on Bitcoin, Ethereum and Related Projects [Re: geokills]
#28519817 - 10/27/23 06:39 AM (3 months, 12 hours ago) |
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I can relate. I've been burned... too many times trying to get fancy and "do things" in crypto. unforced errors of course. the only thing I'm doing from now on is selling for cash lol.
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ashfiken
TotalCrazyasshole


Registered: 09/06/06
Posts: 3,072
Loc: SCranton
Last seen: 6 hours, 52 minutes
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Re: Cryptocurrency: A Discussion on Bitcoin, Ethereum and Related Projects [Re: Spaghetti burrito]
#28519876 - 10/27/23 08:19 AM (3 months, 11 hours ago) |
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I gotta email from kraken saying they gonna have to turn a backfill of info from accts working with more than 20k. To the irs From like 2016 on to now.
-------------------- hmm... "I'm naked and fearless... And my fear is naked." "life isn't worth living without the threat of death" "I got my plans in a ziploc bag, let's see how unproductive we can be" "nobody lives their lives fully except for bull fighters" My Trade List
Edited by ashfiken (10/27/23 08:19 AM)
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geokills
∙∙∙∙☼ º¿° ☼∙∙∙∙


Registered: 05/08/01
Posts: 23,417
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Re: Cryptocurrency: A Discussion on Bitcoin, Ethereum and Related Projects [Re: ashfiken]
#28519892 - 10/27/23 08:33 AM (3 months, 10 hours ago) |
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Yeah, they fought against that IRS demand for years, the feds originally wanted 100% of customer records. It got whittled down to only accounts that have transacted in excess of $20K in at least one calendar year. I'm also on the hook, but fortunately for me, I paid taxes on all of those lots.
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-------------------- ┼ ··∙ long live the shroomery ∙·· ┼ ...╬π╥ ╥π╬...
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ashfiken
TotalCrazyasshole


Registered: 09/06/06
Posts: 3,072
Loc: SCranton
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Re: Cryptocurrency: A Discussion on Bitcoin, Ethereum and Related Projects [Re: geokills]
#28519896 - 10/27/23 08:39 AM (3 months, 10 hours ago) |
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Quote:
geokills said: Yeah, they fought against that IRS demand for years, the feds originally wanted 100% of customer records. It got whittled down to only accounts that have transacted in excess of $20K in at least one calendar year. I'm also on the hook, but fortunately for me, I paid taxes on all of those lots.
I'm hopeful all but the 2017 boom year I'd be under those valuations. I have never paid a single tax on any crypto. I stopped heavily trading on the exchange after that year. So here's to hopefully burning the irs
-------------------- hmm... "I'm naked and fearless... And my fear is naked." "life isn't worth living without the threat of death" "I got my plans in a ziploc bag, let's see how unproductive we can be" "nobody lives their lives fully except for bull fighters" My Trade List
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geokills
∙∙∙∙☼ º¿° ☼∙∙∙∙


Registered: 05/08/01
Posts: 23,417
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Last seen: 6 hours, 22 minutes
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Re: Cryptocurrency: A Discussion on Bitcoin, Ethereum and Related Projects [Re: ashfiken]
#28519998 - 10/27/23 10:44 AM (3 months, 8 hours ago) |
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I'm not sure on the precise wording of the court order, but I got the feeling that if your account has traded in excess of $20K in any calendar year, your entire trade history and KYC details would be furnished to the IRS. Now whether or not they send you a demand letter, I suppose you could just wait it out at this point, since you'll be subject to penalty and interest whether you pay voluntarily or otherwise. The one concern with waiting now however, is that with the jump in interest rates, the calculation on penalty interest can get costly.
I would suggest at a minimum, lining up your trade history and cost basis so that you have your house in order if they do come asking for tax due. As I have advised here in the past, especially for trades taking place on a domestic US-based exchange, it would be folly to believe the IRS wouldn't eventually get their hands in the data. Now if you traded strictly on some international exchange and/or DEX's, you might fly under the radar. But Kraken, Coinbase, Bittrex, et al, are US based entities and therefore subject to potential interference from federal regulators as low hanging fruit for the tax man to come collect.
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-------------------- ┼ ··∙ long live the shroomery ∙·· ┼ ...╬π╥ ╥π╬...
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ashfiken
TotalCrazyasshole


Registered: 09/06/06
Posts: 3,072
Loc: SCranton
Last seen: 6 hours, 52 minutes
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Re: Cryptocurrency: A Discussion on Bitcoin, Ethereum and Related Projects [Re: geokills] 1
#28520233 - 10/27/23 03:09 PM (3 months, 4 hours ago) |
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Looks like luck may be on my side. They only have reports available for me as far back as 2018 and I know post that boom year I didn't trade near 20000. So might just skate by here
-------------------- hmm... "I'm naked and fearless... And my fear is naked." "life isn't worth living without the threat of death" "I got my plans in a ziploc bag, let's see how unproductive we can be" "nobody lives their lives fully except for bull fighters" My Trade List
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gopher
Coffee Bean Extraordinaire



Registered: 11/22/17
Posts: 12,996
Loc: Canada
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Re: Cryptocurrency: A Discussion on Bitcoin, Ethereum and Related Projects [Re: ashfiken]
#28520984 - 10/28/23 10:03 AM (2 months, 30 days ago) |
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Should I sell my bitcoin?
-------------------- For most of the normies out there, an operating system is just a bootloader for Google Chrome. Since Disney has obtained tremendous value from the public domain, knows how important the public domain is, and is firmly determined to never contribute anything to it. My pronouns are He and Him, and my adjectives are Fat and Jazzy
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geokills
∙∙∙∙☼ º¿° ☼∙∙∙∙


Registered: 05/08/01
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Re: Cryptocurrency: A Discussion on Bitcoin, Ethereum and Related Projects [Re: gopher] 1
#28521070 - 10/28/23 11:51 AM (2 months, 30 days ago) |
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I wouldn't.
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-------------------- ┼ ··∙ long live the shroomery ∙·· ┼ ...╬π╥ ╥π╬...
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