Biden administration unveils new crypto tax reporting rules

Discussion in 'Crypto Assets' started by johnarb, Aug 25, 2023.

  1. johnarb

    johnarb

    It's because the amount of liquidity that will flow into btc and eth will be enormous once the money-printing starts again to pump up the economy for the election, plus plus the Blackrock etf

    Some of that money will flow to other altcoins and it doesn't take much to pump these smaller altcoins 10x or even 100x due to the small amount of market cap

    Even now, there are altcoins that are pumping over 50-100% on a daily to weekly, you can check out the gainers and losers on coingecko dot com to see the list

    ...but during a bull market, 50-100% on daily-weekly moves are usually 1000's of % moves
     
    #41     Sep 4, 2023
    NoahA likes this.
  2. johnarb

    johnarb

    You need mainnet bitcoin to open a channel on your self-custody wallet, but if you use the centralized custodial lightning wallets, i.e. Strike, it works on both mainnet and lightning

    Lightning is not for on-boarding millions of no-coiners

    Lightning is to scale bitcoin to millions of transactions per second and instant settlement and very low fees so bitcoin can be used in day-to-day transactions like buying coffee, or a burger or a soda or a piece of gum

    Apple is a problem, Android is not

    Android allows you to install any app or even apps that are not on the Google playstore through a sideload method (developer mode). This is how I install the open-source Bitcoin wallet from github
     
    Last edited: Sep 4, 2023
    #42     Sep 4, 2023
    NoahA likes this.
  3. johnarb

    johnarb

    If you're such good friends, can you please have him throw us all a little tiny bone and show a snippet on where the IP address is present on the Bitcoin tx details or Bitcoin blockchain?

    You know full well that Google is talking about the Bitcoin blockchain transparent open ledger, same as your previous attempts, chainalysis, glassnode, exchanges blacklisted crypto addresses, and NOT IP ADDRESSES

    It matters a lot

    There is a whole world outside of the US. Cryptjitsu sounds like a name who's into native crypto transactions, not centralized custodial crypto digital assets

    Honestly, how do you even work with cryptos transactions if you're in the US with all the restrictions of Operation chokepoint 2.0 and onramps and offramps shutting down accounts, just wait for Blackrock etf and trade cme futures or Robinhood or Coinbase

    Outside of the US, Bitcoin and cryptos are thriving
     
    #43     Sep 4, 2023
    NoahA likes this.
  4. johnarb

    johnarb

    By the way, please tell your imaginary source that she/he is a fraud and a LIAR

    Your imaginary source can defend him/her self by posting an image of the IP address on the Bitcoin tx details or blockchain
     
    #44     Sep 5, 2023
    NoahA likes this.
  5. Good post NA.

    I cant agree with the real estate angle though.Much the same as my thoughts on BTC,I see scarcity as the driver.

    I do see something significant coming in the future though.I speculate that this will mainly be a widening of the gap between the haves and the have nots.

    I heard the other day that this generation will be the first to not exceed the wealth of their parents.So it has probably already begun.
     
    #45     Sep 5, 2023
    NoahA and johnarb like this.
  6. Off topic,but how do you think I'd go shorting any alt at 100% with a stop at 110??

    haha just thinking out loud...but I might play around with it! haha
     
    #46     Sep 5, 2023
    johnarb likes this.
  7. johnarb

    johnarb

    Haha, for shorting with a stop, I think a CEX would be the easiest way to do it

    There's a less risky way to short if it's listed at a borrow-lend platform but the stop would be manual (mental)

    And it's all through the crypto wallet interaction

    here are the steps and let me know if you have any questions

    1. Provide collateral
    2. Borrow the crypto asset you want to "short"
    3. Sell the crypto asset for USDT or if you want trade it for Btc or Eth
    4. When you want to cover, just purchase the crypto asset and pay back the loan, withdraw your collateral

    For example, I borrowed 13K cake when it was above $2.6/cake and sold for USDT and got over 35k USDT. The loan is worth less than 17k usdt at today's cake price so I can theoretically cover and book the profits...

    except it was not the purpose of the short to bet against cake going down, it was to hedge the cake holdings staked for 1 year so I'm bullish on cake, except perhaps now that I see where the price is, my bullishness on cake has disappeared, lol

    Maybe next year in the next bull market I will be bullish again on Cake...

    upload_2023-9-4_23-3-5.png

    upload_2023-9-4_23-10-44.png
     
    #47     Sep 5, 2023
    semperfrosty likes this.
  8. NoahA

    NoahA

    I don't think there is any more left to widen. We already have race wars which is a real symptom of the inequality. Its a damn shame because the anger should be directed towards central banks and governments. But instead, the elite conveniently set it up so that people argue with eachother.

    There is simply no way any more to hold back the rightfully angry people who got screwed. It used to be that the lower class could at least live in the poor parts of town. But now, there are no poor parts anymore. It also used to be that the government could give them lots of handouts, but that well is drying up since everyone is now all too aware that government handouts lead to major inflation. Now of course government are trying to get us to look the other way when theft is rampant, but this is clearly no way to survive. There is literally no way to survive anymore in this environment. The elastic band has been stretched to its breaking point and when it snaps, it will be severe.
     
    #48     Sep 5, 2023
    semperfrosty and johnarb like this.
  9. He is imaginary. Ok sure.
    This IP leak issue is a known thing with BTC, but yeah, he is a liar & fraud.
    BTC isnt the only chain with this issue, nor am I saying it is.
     
    #49     Sep 5, 2023
  10. Stop lying to yourself. You're shilling the most transparent & trackable blockchain to everyone as some privacy & freedom tool, in spite of actual evidence. You're just selling a BS narrative.
    You would not change a thing about your investment approach,because it really does not matter. It's just number go up.

    It's comical to see you preach operating in crypto to me.
    I use primarily decentralized on/off ramps, and have for a little while now. And I am in the US.
    But WTF would I know?
     
    #50     Sep 5, 2023