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I am trying to reconcile the time period the article discusses and the various other types of Fed Loans discussed with the current overnight repo level being 1.5 Trillion. I was thinking the overnight repo was mainly it, but this article makes it look like that may be just a sliver...at 1.5 trillion DAILY
When I hear this talk, its usually surrounding Nasdaq or connected ETFs, because of all of the trading gaps between March 16 2020 and now. Compare with the Dow chart. Even S&P doesnt look so bad, but Nasdaq traders just really cant get enough of enterprise management system companies and other questionable techtronics. They'll pay anything, for now.
Could be totally wrong, just assuming, but the sentiment is out there.
It’s in the candles.
Keep saying this. People act like receipts don't matter. Always have, but now they act like Bitcoin makes them any less important. Like they can show up with 10 million without documentation for where they got it going, I dug it out of the Fishing Hole where I lost my Guns...super legit, now can I be a serious investor? No, you are a crook, playing by rules to which no one agreed.
News flash, no government is going to let you do this long-term. Techrev has some links I think he needs to post on here, so you all can learn, not about the potential for Bitcoin, but about the reality of traceability and control in crypto by governments. Say it all day, but I promise it is easier to catch someone using crypto than cash, ESPECIALLY if they are already after you. Everyone wants to be Scarface until the last scene, and you only get one.
It’s really not about “security, is it?” It’s about accuracy and legitimacy.
No one is asking anyone to secure the votes, rather, make a more transparent and trustworthy process.
People who talk about security are acting like anyone else is trying to steal votes.
The connection of the brain is hard to make, but if you think moving into digital space will at any point in the future be more secure for any more than about 10 seconds (or so), you are either very corrupt or vey stupid.
People who deal in this stuff know it’s smoke in mirrors, but are financially interested in eviscerating all credibility to give politicians a lie for the public about “Muh SeCuRiTy” bs inaccessible by some stretch, but no more secure than any block fort.
Right on. Misery loves company. Hate to be abandoned. Cut em loose.
^Paints the picture.
Find that right stock at the right time and do what you are talking about. A lot those folks who got rich on dwac did just that.
Jk, but for real, it sounds like a big move you have considered. Make sure you have multiple strategies for when things inevitably change.
I made some risky trades last week but had the cash and had been watching. I think your biggest issue is timing. Your plan depends on short term profit, at the end of the day bc of fees and interest. I assume you are not rolling in it or you wouldn’t be pulling from Credit to do it.
You are not going to listen, but everyone dreams that scenario, being max leveraged on just the right stock at just the right time, for max profit. However, it is this dream that has just as good of a chance of putting each of us in the poor house, if we buy our own speculations.
So, what if it does go down? Then you are stuck paying interest by cashing out at a loss.
PLUS, I don't think you are going to be able to buy DWAC on that type of margin. I cannot get any margin on DWAC.
I am thinking real simple like it was worth ab .15 consensus pre 200000000 Kontract. Ab 200000000shares : At .25 that’s just a 10% margin, which is low for govt work. I’m thinking .55-.65, plus there is support for those prices.
Never said you are a liar. Cant lie when speculating, so don’t even know, from whence came the ‘inner quotes?’
You are paying a lot of lip service, and sitting on your laurels/lambos.
My point is that your point reduces to, “so sue me.” I’m simply revealing my derivative bet, that the irs will essentially do just that.
How, you ask, IDK, but again, Resident and swamp are talking 87,000,000,000.00 in agents and crypto concerns in the same breath.
Isn’t Bitcoin peer reviewed? Isn’t it possible that your position that “it never happened” be challenged by the books of those without whom it never happened?
Could that position become precarious if challenged by someone who suddenly agreed that, it never happened? Could you both defend your consideration for purchases and argue it never happened, if somehow pulled into court both ways? Could anyone in your stated position? Would Double jeopardy help at all?
Did Trump mean you didn’t have to pay taxes you owed? Is what I am saying in any way incongruent with Trumps point? Do you believe that not paying taxes you legally owe falls within not paying more taxes than you HAVE to? Was he probably talking about tax avoidance, and not tax evasion? Are you even making any argument that I am wrong, or just that you will never get caught?
I’m responding, but are you, really?
It has been, nearly 10 years (7-8). Irs statute of limitations goes 10+. 87billion in the hopper. Idk, it sounds like it hasn’t quite been a LOOONG time in Irs terms.
I would like to hear you play devils advocate on, how could a government prove it? I think your answers would be more useful than mine, in that regard.
I’ll add one more nugget, here: F blockchain and it’s underlying premise that every transaction be audited.
All Bitcoin enthusiasts get off on not paying taxes, while walking down the primrose path to never avoiding another single dollar of them. Financial tyranny. You will see. 2 certainties: Death; Taxes.
I promise, Kek U, I have considered it, and get it. Called like kind exchange. It’s not revolutionary, in fact, it’s no different than regular currency, in effect.
No, they don’t, but many get busted. If your intention is to evade taxes, that’s the risk to which I refer. Yea, calm waters now, but every time you do it is another liability if you wanna be real.
All this prove it jive will be moot if the taxman ever does come knocking, bc it will have alrewady been. Again, secure as ever but private as a facial wart.
Thought we were carrying on diff angles.
I did not mean the encrypted coins are compromised. Your bitcoins are as secure as anything digitally encrypted with infinity (essentially). BUT I meant that there are now 1,000++ digital currencies, all secured in the same way. What keeps centralized currencies few? Other than first-mover advantage, what makes Bitcoin different from metastatic coin? Tried to clarify by saying “duplicable.” Security is a plus, imo, but my bank deposits insured, so...
What does the purchase of biz assets have to do with paying taxes? Other than sales tax to purchase, and perhaps ad velorum tax, no one expects to pay taxes on the cost of a vehicle, because that cost would be deducted directly or depreciated and reduce taxes.
To answer here and elsewhere, if I work for you in Montana, and you pay me 6 oranges, then we both would need an appraisal on those 6 oranges, you for payroll AND income tax purposes, and me for the same reason. Sub 6 bitcoins for oranges, same story.
If you are dealing in Bitcoin in the USA and think that exempts you from paying taxes on what you make, you are wrong. Let it grow, but when you use it to pay, translate back to dollars to determine gain/loss.
That is the job of the $87,000,000,000.00 worth of Irs agents the Resident is trying to hire.
Your argument is one against taxes, though, not any arbitrary currency. Implementation of Bitcoin neither nowhere nor worldwide will save you from the taxman.
Maybe Should say duplicable, and not replicable, but I mean: what’s the difference in one coin and another with the same circulation and terms. It’s like a saturated market no matter where you are. Like dealing In francs, pounds, dollars, rubles, and yen all at the same time.
The people who got in first on whatever revolving shitcoin they throw out this week are the rockafellers of the day. What’s the difference? Absolute power corrupts absolutely. Am I to trust a pack of folks who ignore laws and salivate over lambos to be any different than the satan worshipers currently in charge? Fat fn chance.
The difference is ONLYwhether they got away with it, though, BC laws were broken. We all take risks in different ways. Some take the risk of evading taxes and avoiding prosecution. People like to change the terms to justify their actions, but the popular idea that if it is not reported you don’t have to pay taxes is false, and I fear that too many will soon find out just how publicly they have evaded the tax laws of their governments, and that their most important premise providing strength to their value of shitcoins will be proven 100% false.
Unpopular Opinion: its way easier to add whole numbers that turn into fractions than incredibly small fractions that almost never add up to whole numbers. In fact, I could not think of a more annoying characteristic of currency.
Assuming 7,000,000,000,000 global participants, Having 22000000 total is basically like having btw 1 & 318,182 , when it comes to "currency." IOW, not enough...
Unpopular Fact: Bitcoins are REPLICABLE for all intents and purposes, and that has been done, a thousand times. Second most annoying characteristic of a (decentralized) currency(s): having so many decentralized currencies that I have to buy them all and cant ever figure out the spread and the . . . ugh
Unpopular Opinion: its way privater to deal in cash, and way less private to deal in digital currency, so much so that actual governments are starting to implement it, so NO THANKS for that.
Unpopular Fact: It is way more efficient to deal in cash, both on the front, middle, and back end. Anything that requires a constant stream of electricity, including the evolution of even our modern banking of cash, is technically unsustainable. electric Banks(wallets)(hubs) + Electric cash = less sustainable
Popular Opinion: If Hilary Clinton is sending BUY signals to people on this board to buy something, that means she wants them to buy it, so I will continue to NOT invest in ANY shit"coin"s. She may be evil, but she ain't dumb.
Popular Fact: There are 2 certainties in life: Death & Taxes. Anyone who thinks that by not dealing in the currency of the place they live exempts them from taxes for their gains while there, will be sad to know that they are 100% WRONG! Bitcoin has no effect on taxes, or value, for that matter.
“bad comedy joke”
“that’s come and gone”
I agree with him, also, except on those two points, bc it’s, like, a Good comedy joke, And, while it’s come, I doubt it’s a-gone.
Should we look at Algorands like bonds? Don't they carry an interest rate with terms? Makes me think of some of the stuff I have been reading about bonds.