Bitcoin, Cryptocurrency, and the Future of Global Finance

[reecetn]

National Helpline 1-800-522-4700 - National Council on Problem Gambling

You’ll thank me later.

You know that from experience?

LOL problem gambling is for the ones that lose.

 

[reecetn]

Thunder knows investing. He just doesn’t play THIS market.

And it has yet to sink in, giving it great comedic value. To bad there is not a flower to represent that fact. It could be the next "Tulip Bubble"

 

[Thunder Good-Oil]

Let em gloat and brag about how well they are doing and how old ways are dumb. This reminds me of the early 2000's when Warren Buffet was being eviscerated because he wouldn't buy any dot com companies and would only buy companies that made a product and had profits doing it. I recall what happened next.

I’m not anti-crypto “investing”. I might even open Kraken, Coinbase, Binance, Gemini, RobinHood, and/or FTX accounts to play with. RIOT, COIN, and CLSK might be better ideas than exchanging crypto brands with speculators. COIN is maybe a better idea than the other 2 with energy inflation ramping up (but is there enough of a barrier to entry for competitors to validate a market cap approach $100B?). I think that valuations of ALL the various assets might very well be 10-15 years ahead of what is reasonable. Like the NASDAQ being over 5,000 around Y2K.

Yes. Profits matter when investing. Immensely.

 

[Thunder Good-Oil]

You know that from experience?

LOL problem gambling is for the ones that lose.

I’ve never had a gambling issue. I had a few probability classes in grad school. I’ve also learned about diversification, have learned from mistakes, snd have developed a fair amount of discipline.

Slow and steady wins the race.

 

[Thunder Good-Oil]

Wrong

Your welcome for taking the time to even respond to your inaccuracies.

It never had any utility unlike XRP and Ripple. The idiots deserved what they got then just like the ones now.


I am so proud of them

*you’re

 

[reecetn]

I’ve never had a gambling issue. I had a few probability classes in grad school. I’ve also learned about diversification, have learned from mistakes, snd have developed a fair amount of discipline.

Slow and steady wins the race.

Ok, Do you know if they have a solution to this problem? The paying more in taxes than you earned in you day job for the 2021 calendar year.

If so I may call it.

 

[Thunder Good-Oil]

And it has yet to sink in, giving it great comedic value. To bad there is not a flower to represent that fact. It could be the next "Tulip Bubble"

Okay, Buttercup.

 

[Thunder Good-Oil]

Ok, Do you know if they have a solution to this problem? The paying more in taxes than you earned in you day job for the 2021 calendar year.

If so I may call it.

Sorry. I can’t decipher what you are asking. If yore looking for tax advice I would caution that 2021 taxes on realized gains will be owed even if there is a massive crash before payments come due in 2022.

 

[VolStrom]

*you’re

LOL! So he missed the basic grammar test.

 

[Thunder Good-Oil]

 

[BigOrangeTrain]

Had a friend lose close to a million dollars investing in crypto. Meanwhile, my commercial real estate investments keep on growing like crazy.

 

[reecetn]

Sorry. I can’t decipher what you are asking. If yore looking for tax advice I would caution that 2021 taxes on realized gains will be owed even if there is a massive crash before payments come due in 2022.

It is very obvious you have trouble understanding.

Massive crashes do not affect fiat gained from profit taking. You will only pay taxes on profit taken. Did you really not know that? I am pretty sure the stock market works the same way.

Maybe you should stay off the gambling hotlines.

Bless your heart.

 

[reecetn]

Looks like the timelines have been updated.

Getting closer!!!!!!!!

 

[Thunder Good-Oil]

It is very obvious you have trouble understanding.

Massive crashes do not affect fiat gained from profit taking. You will only pay taxes on profit taken. Did you really not know that? I am pretty sure the stock market works the same way.

Maybe you should stay off the gambling hotlines.

Bless your heart.

No, seriously. Your odd sentence structure on that comment is difficult to understand.

You need the liquidity to pay the tax man when he comes around. Now yore suggesting avoiding crypto exposure until tax liabilities are paid in full. Better that than holding funds to meet pending tax liabilities in volatile assets. Another way to approach it is to be certain that enough has been withheld or that estimated quarterly payments are sufficient. Look at what happened to the holders of mutual funds in taxable accounts between the Q4 distributions and the dot com crash around Y2K.

You shouldn’t be so emotional or condescending towards somebody that is simply countering the crypto cheerleading with reasonable caution.

I already explained that I don’t gamble and I’ve learned how to manage my risk exposure. Why would I be calling Gamblers Anonymous?

 

[allvol123]

It is very obvious you have trouble understanding.

Massive crashes do not affect fiat gained from profit taking. You will only pay taxes on profit taken. Did you really not know that? I am pretty sure the stock market works the same way.

Maybe you should stay off the gambling hotlines.

Bless your heart.

You sound desperate.

 

[reecetn]

No, seriously. Your odd sentence structure on that comment is difficult to understand.

You need the liquidity to pay the tax man when he comes around. Now yore suggesting avoiding crypto exposure until tax liabilities are paid in full. Better that than holding funds to meet pending tax liabilities in volatile assets. Another way to approach it is to be certain that enough has been withheld or that estimated quarterly payments are sufficient. Look at what happened to the holders of mutual funds in taxable accounts between the Q4 distributions and the dot com crash around Y2K.

Fiat = Liquidity

See below.....

It is very obvious you have trouble understanding.

Massive crashes do not affect fiat gained from profit taking. You will only pay taxes on profit taken. Did you really not know that? I am pretty sure the stock market works the same way.

Maybe you should stay off the gambling hotlines.

Bless your heart.

said fiat (cash for those of you a little slow) portion for taxes is safe in a bank account as we speak until April 15th

No suggestion of avoiding tax liabilities ever mentioned. (slow down a little bit when you read)

The remaining portion is waiting for the big correction (or crash as you stock people like to call it) after this cycle is over early next year. Rinse and repeat is a great method.

your financial advisor earns his money!!!

 

[Thunder Good-Oil]

Fiat = Liquidity

See below.....



said fiat (cash for those of you a little slow) portion for taxes is safe in a bank account as we speak until April 15th

No suggestion of avoiding tax liabilities ever mentioned. (slow down a little bit when you read)

The remaining portion is waiting for the big correction (or crash as you stock people like to call it) after this cycle is over early next year. Rinse and repeat is a great method.

your financial advisor earns his money!!!

Again, your odd grammar makes it difficult to interpret what you were asking about relating to taxes.

My financial advisor is a Wall Street institution, not an individual.

Your relentless insults indicate a lack of maturity. Good luck with the arrogance and naïveté. It’s a dangerous combination.

 

[reecetn]

Again, your odd grammar makes it difficult to interpret what you were asking about relating to taxes.

My financial advisor is a Wall Street institution, not an individual.

Your relentless insults indicate a lack of maturity. Good luck with the arrogance and naïveté. It’s a dangerous combination.

LOL if you cannot take the heat leave the kitchen rookie.

I knew this was gonna be fun when you started this conversation off with references to Sanford and Son.

 

[Thunder Good-Oil]

LOL if you cannot take the heat leave the kitchen rookie.

I knew this was gonna be fun when you started this conversation off with references to Sanford and Son.

I’m pretty sure the Fred’s Ripple comment flew well over yore head.

 

[utvolpj]

There's a lot of crap floating around to be sure but ultimately crypto is about the tech behind the coin. That's what you're looking for long term. There are some amazing ideas and tech coming out if this. Tech that will absolutely be used across industries.

 

[Thunder Good-Oil]

There's a lot of crap floating around to be sure but ultimately crypto is about the tech behind the coin. That's what you're looking for long term. There are some amazing ideas and tech coming out if this. Tech that will absolutely be used across industries.

Exactly. Sad that the thread has deteriorated into mindless narrations of speculating on the crypto du jour.

 

[utvolpj]

Exactly. Sad that the thread has deteriorated into mindless narrations of speculating on the crypto du jour.

But that was my point. The discussion is and has been based on more than just coin price

 

[Thunder Good-Oil]

But that was my point. The discussion is and has been based on more than just coin price

And Fred Sanford’s libation.

 

[n_huffhines]

Exactly. Sad that the thread has deteriorated into mindless narrations of speculating on the crypto du jour.

Holy ****. You can't make this stuff up.

When you said you didn't know anything about Ripple, I explained something I find very interesting to you, and you had nothing to say about it. Guess what you did have something to say about? You droned on about your views about speculation and offered grammatical corrections to people's posts. You are what you claim to hate. You are ruining the thread as much as anybody. GTFO

 

[Thunder Good-Oil]

Holy ****. You can't make this stuff up.

When you said you didn't know anything about Ripple, I explained something I find very interesting to you, and you had nothing to say about it. Guess what you did have something to say about? You droned on about your views about speculation and offered grammatical corrections to people's posts. You are what you claim to hate. You are ruining the thread as much as anybody. GTFO

I reply to the personal attacks by pointing out that poster’s stupidity. For reference check out the post just prior to your Ripple comment. Such an emotional response from your bro triggered by a good natured joke.

Hate? Ruining the thread? Calm down. The mindless cheerleading of speculators hijacked the thread long ago and opposing views or questions are met with hostility and cheap shots.