1 BTC = $8.2k, it’s up 735% this yr UPDATE 5/19: BTC @ $42k :damn:

[the bossman]

"If your business is doing well, or you sell property or whatever it is — set 30 percent aside of the gross amount of the proceeds," he says.

Put the cash in something liquid like a money market account, says Losi, so that you can easily take it out when you need to pay taxes, but you don't have to worry about it decreasing in value.

"If you do that, you'll never be surprised," he says.

Spending the entirety of your windfall or reinvesting it in something risky can leave you in a lurch come tax time.

"If you don't [put 30 percent aside] and you spend on personal [items] like a house or a car, or if you put it in securities, you've really got only yourself to blame," Losi adds.

 

[Reece]

What level did you guys understand....I easily got to level 5 honestly, that woman doesn't really know as much as half the people here. The guy she talks with in #5 is the true specialist and expert

Not hard at all.

Easiest answer to her question for the grad student was scalability, the fact theres no centralized party to deal with theft and overconsumption of energy in mining coins. The expert was doing that thing smart people do when they talk fast to try to impress you but aren’t saying anything groundbreaking.

 

[FSP]

Not hard at all.

Easiest answer to her question for the grad student was scalability, the fact theres no centralized party to deal with theft and overconsumption of energy in mining coins. The expert was doing that thing smart people do when they talk fast to try to impress you but aren’t saying anything groundbreaking.

I found it pretty telling that even a finance major isnt too familiar with blockchain technology and cryptocurrency hardly at all. Just goes to show you how early things still truly are out here

 

[Reece]

I never thought about the prospect of using the computing power of all internet connected smart devices (smart cars, houses, appliances, cities) to run Blockchain ledgers. That’s some Skynet shyt for real

North Korea, Russia, Iran and conflict areas around the world will hate the coloring concept homie was talking about.

 

[FSP]

I never thought about the prospect of using the computing power of all internet connected smart devices (smart cars, houses, appliances, cities) to run Blockchain ledgers. That’s some Skynet shyt for real

North Korea, Russia, Iran and conflict areas around the world will hate the coloring concept homie was talking about.

I mean that's essentially the concept of ethereum and iota taken to the extreme. I don't know how feasible that is though, you need increasing amounts of memory to run nodes and smaller devices don't have that and probably won't for a while

 

[Reece]

I found it pretty telling that even a finance major isnt too familiar with blockchain technology and cryptocurrency hardly at all. Just goes to show you how early things still truly are out here

There was a report released recently that said only 8% of Americans are invested in cryptos....with 5% of Americans having Bitcoin, 2% having Ripple and 1% having Ethereum. Now even 1% is a lot of people in total but relative to the total population, it’s nothing. And a lot of those people who purchased just bought coins to speculate...they have no understanding of what they’re buying. We’re like at 1994 in dot com years. Everyone’s heard about it but it’s still early.

 

[Reece]

I mean that's essentially the concept of ethereum and iota taken to the extreme. I don't know how feasible that is though, you need increasing amounts of memory to run nodes and smaller devices don't have that and probably won't for a while

I always thought of IOTA in terms of machine to machine payments but for some reason I never thought that these smart devices could also be used to run and maintain the integrity of the blockchain ledger itself someday. Until the point that it’s nearly omnipresent. It’s a little frightening to be honest. All of the movies we watched are coming to life. You’re right that it’s far off though.

 

[FSP]

I always thought of IOTA in terms of machine to machine payments but for some reason I never thought that these smart devices could also be used to run and maintain the integrity of the blockchain ledger itself someday. Until the point that it’s nearly omnipresent. It’s a little frightening to be honest. All of the movies we watched are coming to life. You’re right that it’s far off though.

Iota is just node software it isnt even real crypto. I feel like they just wanted to be early without a real plan. It's DAG concept might be incorporated down the line at some point. I honestly don't even know much about it, but I heard it could help with scaling

 

[Perfectson]

What level did you guys understand....I easily got to level 5 honestly, that woman doesn't really know as much as half the people here. The guy she talks with in #5 is the true specialist and expert

i'm past investing and looking at utilization. Already have been pitching this to companies for solutions

 

[FSP]

i'm past investing and looking at utilization. Already have been pitching this to companies for solutions

?? Pitching what? Did I miss something in the video?

 

[Carlton Banks]

Y'all still talking about this shyt?

 

[the bossman]

You're a dumb ass

every fukkin news outlet is reporting this is due to taxes

who? CNBC and Wall street journal? why didn't you post articles like these from those same news outlets?
guess they didn't fit your flimsy ass tax theory huh?

Over $60 billion wiped off value of cryptocurrencies as bitcoin drops to lowest level since Nov 16

The prospect of tougher regulation in China and India, claims that tether could be propping up the market, and banks like Lloyds banning people from buying cryptocurrencies with a credit card, has weighed on the market.

Bitcoin Is Falling Fast, Losing More Than Half Its Value in Six Weeks

Selloff triggered by expanding regulatory crackdown on cryptocurrencies

so for you CNBC is credible and right when they write opinion pieces about taxes, but they're wrong when it's about Mt. Gox? which one is it breh?

Why did prices fall?
A number of factors have weighed on the price of cryptocurrencies.

The first major one was selling by the trustees of collapsed Japanese cryptocurrency exchange Mt.Gox. It closed in 2014 and filed for bankruptcy after losing around 850,000 bitcoins. Its founder Mark Karpeles, recently pleaded not guilty to charges of embezzlement.

Over $60 billion wiped off value of cryptocurrencies in 24 hours as bitcoin slide continues

lol, you think the Asian market is what caused the price to rise in November and December

LMFAO!!!!! You're naive as fukk.

The Force Behind Bitcoin’s Meteoric Rise: Millions of Asian Investors

Behind bitcoin’s stunning rise lies a new force in global financial markets: millions of individual Asian investors.

look breh.. either these news outlets you keep quoting should be taken as truth or not. whichever one it is we need you to stick with just one side for the sake of the argument breh

b-bbb-b-bbbbut the taxes!

 

[its2late2hate]

need some help fellas, want to get some Cvc but it's not available through binance. will i have to open a kucoin or bittrex account and try to trade ETH via those exchanges ?

 

[Eternally Jaded]

need some help fellas, want to get some Cvc but it's not available through binance. will i have to open a kucoin or bittrex account and try to trade ETH via those exchanges ?

Yep.
The sooner u get off just Binance, the easier it is to get coins/tokens for cheap prices.

I legit got like 8 exchanges on deck

 

[Supa]

who? CNBC and Wall street journal? why didn't you post articles like these from those same news outlets?
guess they didn't fit your flimsy ass tax theory huh?

Over $60 billion wiped off value of cryptocurrencies as bitcoin drops to lowest level since Nov 16


Bitcoin Is Falling Fast, Losing More Than Half Its Value in Six Weeks



so for you CNBC is credible and right when they write opinion pieces about taxes, but they're wrong when it's about Mt. Gox? which one is it breh?

Over $60 billion wiped off value of cryptocurrencies in 24 hours as bitcoin slide continues


The Force Behind Bitcoin’s Meteoric Rise: Millions of Asian Investors



look breh.. either these news outlets you keep quoting should be taken as truth or not. whichever one it is we need you to stick with just one side for the sake of the argument breh

b-bbb-b-bbbbut the taxes!

Of all the videos I watched/articles I read not one mentioned taxes as the major reason for the decline. You gotta really be cherry picking information to decide that's the determining factor.

Funny how once G20 announced they weren't in favor of regulating crypto the market immediately started getting bullish. I guess Americans forgot about their taxes.