[Maestro]

Ops another bitcoin exchange has gone under

http://www.usatoday.com/story/tech/2...-down/6019449/

Please referred to my previous comment that they all have the same flaw and the hackers have found the holes and are working their way through all the servers.

Like I said these systems did not past the smell test.

[grimlock]

Originally Posted by kmarei

Ofcourse, I expect nothing less from you
Unfortunately, again, you're incorrect
I didn't buy my hardware used, so the above statement is also incorrect

Ok, Kmarei, I give up - you win
Can I have some Dogecoin?

[Maestro]

Okay I figure out why kmarie is buy into dogecoin, Bitcoin is too rich for his his wallet


Dogecoin price is $ 0.001

This article put the whole cryto-currency into a real work perspective

http://www.digitaltrends.com/computi...ecoins/#!yplep

[Myrder]

Originally Posted by Maestro

Okay I figure out why kmarie is buy into dogecoin, Bitcoin is too rich for his his wallet


Dogecoin price is $ 0.001

Dude. He's got like 118k of them, he's gonna laugh his way to the bank. Come on!

[Maestro]

Kmarie, got another question for you, so when and if you hit it big on dogcoin, are you planning to report your big payday to the local and federal government so they can tax it.

[justinnum1]

Originally Posted by Maestro

Okay I figure out why kmarie is buy into dogecoin, Bitcoin is too rich for his his wallet


Dogecoin price is $ 0.001

This article put the whole cryto-currency into a real work perspective

http://www.digitaltrends.com/computi...ecoins/#!yplep

the money to be made is on the alt coins...some of them go up 1000% over a 24hr period

[kmarei]

Originally Posted by Maestro

Okay I figure out why kmarie is buy into dogecoin, Bitcoin is too rich for his his wallet


Dogecoin price is $ 0.001

This article put the whole cryto-currency into a real work perspective

http://www.digitaltrends.com/computi...ecoins/#!yplep

If you need to ignore stated facts to make your argument better, fine by me
I've already stated that I am into multiple currencies
But if it makes you feel like a man to say I can't afford bitcoins, then I'm happy for you.

Bitcoin at one point was worth pennies
And it hit $1200 later
So your point is...?

[kmarei]

Originally Posted by Maestro

Kmarie, got another question for you, so when and if you hit it big on dogcoin, are you planning to report your big payday to the local and federal government so they can tax it.

How is this related to this discussion?

Or is this the "clutching at straws" type tactic?

[kmarei]

Originally Posted by Myrder

Dude. He's got like 118k of them, he's gonna laugh his way to the bank. Come on!

Similar things have happened in bitcoins for the early investors
So you maybe laugh now...

[kmarei]

After the collapse of the largest bitcoin exchange in the world
And the premature mockery of certain people on this thread
The price of bitcoin is currently up 20% than right before the mtgox collapse

[miiipilot]

I am sure it's just maintenance again.

[Maestro]

Originally Posted by kmarei

How is this related to this discussion?

Or is this the "clutching at straws" type tactic?

No my point is this, do you think the US government is going to stand back and let people like yourself make profits without dipping into your profits. I am kind of surprise they have not spoke up on this subject already, but keep in mind you have a responsible to declare all your income source even if the Tax return does not specifically call it out. Since the US government has come out and said they treat these as equities that puts the ownness on you to declare the income.

I will take your lack of response as you have no plans to pay taxes on your crypto-currencies transactions.

[Myrder]

Originally Posted by kmarei

How is this related to this discussion?

Or is this the "clutching at straws" type tactic?

It's all related to the topic, OP asked if anyone was investing in crypto-currencies. With normal investments there are many questions and topics; such as taxes, risk tolerance, growth vs value, analysis, and so on.

Originally Posted by kmarei

Similar things have happened in bitcoins for the early investors
So you maybe laugh now...

Similar things have happened if you owned TSLA a little over a year ago. Lots of penny stocks pop and others implode. I think the chances that another CC will rise to the levels of bitcoin is low.

[Maestro]

Actually I like TSLA, and I put some money in, just wish I did it want the whole fire issue happen. Besides, it being a wall street darling stoke, it have some good fundamentals and the future is looking better for them.

On the other hand, Cyrpto-currencies i think will look more like this stock, plug-power. It is on a run again, but it went nuts in the early years until people figure out they had an idea with no market.

https://www.google.com/finance?chdnp...U8nqKML06AHsOQ

[kmarei]

Originally Posted by Maestro

No my point is this, do you think the US government is going to stand back and let people like yourself make profits without dipping into your profits. I am kind of surprise they have not spoke up on this subject already, but keep in mind you have a responsible to declare all your income source even if the Tax return does not specifically call it out. Since the US government has come out and said they treat these as equities that puts the ownness on you to declare the income.

I will take your lack of response as you have no plans to pay taxes on your crypto-currencies transactions.

I am sure the US govt would love to start taxing crypto currency transactions
but look how long it took to start taxing internet transactions
they were tax exempt for a long time, still are in some states

my lack of response is mainly due to the fact that I don't talk about my personal tax matters with a complete stranger from the internet
no offense

[Patrick303]

More problems.

http://www.nbcnews.com/business/busi...ngapore-n45101

[Maestro]

Originally Posted by kmarei

I am sure the US govt would love to start taxing crypto currency transactions
but look how long it took to start taxing internet transactions
they were tax exempt for a long time, still are in some states

my lack of response is mainly due to the fact that I don't talk about my personal tax matters with a complete stranger from the internet
no offense

Actually the US government does not tax internet transactions, actually they really do not want state trying to sales taxes transactions.

I live in PA and they were the state who won in Court against Amazon, when it comes to Sales Tax PA is a Nazi about it since it one of their largest revenue generators since they income tax is so low. Amazon and other companies have refused to sale tax for PA purchase since they are not a PA company and PA can not force a non-PA company to tax, thus the reason for use tax, i.e. you are responsible to to report the tax for out of state purchase to the state government, most states have this rule.

The reason PA won their case was due to the fact Amazon used distribution companies located in PA which allow Amazon employee to take up shop there, so in a sense they are were running an operations in PA, when PA won other states jumped on the same band wagon.

[Maestro]

Originally Posted by Patrick719

More problems.

http://www.nbcnews.com/business/busi...ngapore-n45101

Conspiracy Theory, the drugs lords got to her. Told this is what happens when you mess with organize crimes money

[miiipilot]

Nope, more maintenance

[stylinexpat]

Originally Posted by Patrick719

More problems.

http://www.nbcnews.com/business/busi...ngapore-n45101

See the story of the missing $6 billion? Guess who is behind that one as well?


http://www.bloomberg.com/news/2014-0...-to-widen.html


http://www.dailymail.co.uk/money/mar..._campaign=1490

[kmarei]

interesting viewpoint

http://news.cnet.com/8301-1023_3-576...lar-bills-too/

[Billup]

Cryptocurrency doesn't need to be banned. It will ultimately fall to its own demise. The dollar bill has lasted the length of time. Anything can be related to illegal activity, currency, goods, labor, etc.

Bitcoins just make it that much easier to get into the wrong hands considering these large companies can't even keep hackers out after only a couple years of operation.