I was selling 2020 silver eagles for $20.20 in Bitcoin from March through the 4th of July last year. Not one person took me up on the offer. That's when I realized it's ghost money.
@Cuprinkor said:
At today's bitcoin price if you had thrown a $100 bill at bitcoin when it first went public back in 2009 and cashed out now, you'd have $1.1 BILLION before taxes.
The whole cryptocurrency idea seemed anathema to us hard money people.
Reality is btc is harder money, might want to look more into blockchain data. No it was not really public back at 1 penny per to make billionaires(and misleading sensationalist headlines) just like you weren't acquiring Google shares for nothing without a name like Larry Page or Brin. It was a huge hassle/timewaste when I first tried back at $25. More like a 100+ per btc when it really was first somewhat 'public'
@Cuprinkor said:
At today's bitcoin price if you had thrown a $100 bill at bitcoin when it first went public back in 2009 and cashed out now, you'd have $1.1 BILLION before taxes.
The whole cryptocurrency idea seemed anathema to us hard money people.
On May 22, 2010, programmer Laszlo Hanyecz completed the first documented commercial Bitcoin purchase, paying 10,000 coins for two Papa John's pizzas. Valued at $41 at the time, current market pricing today gives the purchase a $337.5 Million price tag. Not a bad gain for a 10 year span.
The government is incapable of ever managing the economy. That is why communism collapsed. It is now socialism’s turn - Martin Armstrong
@Cuprinkor said:
At today's bitcoin price if you had thrown a $100 bill at bitcoin when it first went public back in 2009 and cashed out now, you'd have $1.1 BILLION before taxes.
The whole cryptocurrency idea seemed anathema to us hard money people.
On May 22, 2010, programmer Laszlo Hanyecz completed the first documented commercial Bitcoin purchase, paying 10,000 coins for two Papa John's pizzas. Valued at $41 at the time, current market pricing today gives the purchase a $337.5 Million price tag. Not a bad gain for a 10 year span.
I wonder how he feels about that deal nowadays! ???
Will hodl as long as the price hodls. The difficulty is in recognizing a dip vs. a decline. My PP crypto accounts support only a very limited amount of turnarounds while the Robinhood account is much more accommodating. Having reached my dollar limits both weekly and annually in the PP accounts, my plan is to liquidate at hopefully the right moment, transfer the funds to the bank and then transfer the funds to Robinhood.
To be clear, I am not advocating a long term future for any crypto. The short term is offering profits. One should evaluate each short term as it appears.
The government is incapable of ever managing the economy. That is why communism collapsed. It is now socialism’s turn - Martin Armstrong
Note the growth in the number of "wallets" holding 1,000 or more bitcoins (currently a value of $38.3 Million). This increase in "whales" (institutional and very rich individuals) is what is fueling the price. And you can bet they are each in a position to buy another 100K or more coins at any moment. Keep in mind that new coins (supply) are being 'mined' at nowhere near the volume this demand is creating. The only way to fill the 'excess' growing demand is through higher prices.
This is why I believe bitcoin even now offers an excellent opportunity.
The government is incapable of ever managing the economy. That is why communism collapsed. It is now socialism’s turn - Martin Armstrong
Without mentioning any specifics, I personally saw a guy sell 50, FIFTY ounces of GOLD to buy Bitcoin, that's like 2.25 bitcoins... I do not understand that, I cannot wrap my head around that one...
I sold a couple of gold eagles and bought one+ bitcoin last year. I keep it in a paper wallet just for kicks. Now that piece of paper is worth more than the box of eighteen eagles it sits in. When btc drops again, I'll do it again.
I think I may have found where Mongo went off to...
On a December morning in 2013, user GameKyuubi posted an entry titled “I AM HODLING” in a bitcoin forum. “I type d that tyitle twice because I knew it was wrong the first time,” he wrote in the first sentence of a drunken post loaded with typos and phrases in all caps. In the thread, he ranted about his poor trading skills and his intention to simply hold his bitcoin as its price was plummeting at the time. “You only sell in a bear market if you are a good day trader or an illusioned noob,” he added. “In a zero-sum game such as this, traders can only take your money if you sell.”
The misspelled “HODL” quickly circulated among the crypto community, and soon after turned into an internet slang to indicate when a person holds bitcoin rather than selling it. Use of the term was later extended to include other cryptocurrencies.
@66Tbird said:
I sold a couple of gold eagles and bought one+ bitcoin last year. I keep it in a paper wallet just for kicks. Now that piece of paper is worth more than the box of eighteen eagles it sits in. When btc drops again, I'll do it again.
It's to bad paypal won't allow that.
PP does allow select accounts to invest in Bitcoin and/or Ethereum. It does not involve directly buying digital bitcoin. It is a much simpler derivative play based on the current price of the crypto. You buy an amount of coin(s) in dollars at current crypto price and you later liquidate back to dollars at current crypto price. Similar to trading a stock or an ETF. Unfortunately there are currently no crypto ETFs on the US exchanges. The closest US exchange play is GBTC that reportedly carries some heavy fees.
The government is incapable of ever managing the economy. That is why communism collapsed. It is now socialism’s turn - Martin Armstrong
@Goldenage said:
I know zilch about Bitcoin. Was just wondering what are the chances of a different coin coming to market ?
There are thousands of crypto and digital currencies. The 'top 20' make up roughly 99% of the market by volume at eight of the largest crypto exchanges. Until a crypto ETF is approved, traders are limited to trading at those crypo exchanges (which I personally would not trade in), hold a complicated Bitcoin digital "wallet," or trade derivatives that follow the price of a few specific cryptos. Currently Robinhood and select PP accounts offer a few crypto derivatives. My experience with both leads me to prefer Robinhood over PP to trade derivatives because of the higher fees with PP volume limits imposed by PP ($20K a week, $50 a year and this include repurchases after earlier sales). Because actual cryptos trade 24/7 you have to regularly monitor price movement in your PP and Robinhood crypto accounts (both trade cryptos 24/7) offer crypto trading 24/7. Also, unlike normal fund transfers from PP, transfer of PP crypto funds back to your bank takes a couple of days.
@TwoSides2aCoin said:
I was selling 2020 silver eagles for $20.20 in Bitcoin from March through the 4th of July last year. Not one person took me up on the offer. That's when I realized it's ghost money.
Or the holders of the bitcoin you sought considered your silver to be ghost money. Don't get me wrong, I love silver.
The government is incapable of ever managing the economy. That is why communism collapsed. It is now socialism’s turn - Martin Armstrong
@TwoSides2aCoin said:
I was selling 2020 silver eagles for $20.20 in Bitcoin from March through the 4th of July last year. Not one person took me up on the offer. That's when I realized it's ghost money.
Or the holders of the bitcoin you sought considered your silver to be ghost money. Don't get me wrong, I love silver.
When it's ( the silver ) n their hand ? They opted to use a debit card and pay 4% more, just last week.
I think many of us holding Bitcoin are reluctant to transact with it for different reasons. What's difficult is finding a "balance" for trade ; which is tough with volatility.
Looking into setting up an account to buy Crypto Currency I know I am late to the game. Just want to set up an account to purchase in the future if there is another significant drop. What Exchanges to purchase and types of wallets would you recommend? I would like comments from people that actually own the currency and have both bought, sold and purchased items with the currency. All the sites I goggle on line are just trying to sell me on exchanges and links that give them a kickback so it is hard to trust anything.
Wallet seems like it would be cumbersome and a lot of work. Limited sellers who will accept actual bitcoin. I prefer the ease and quickness of buying/selling a stake in select cryptos using Robinhood. PP cryptos (if available in your account) are good for smaller plays but carry a $10K to 20K weekly buying limit (differs with different accounts for some reason) and a $50K annual buying limit and for you day traders these limits include re-purchases.
With Robinhood, since cryptos don't yet fall under SEC regs, there are no "day tripper" limits. You can buy and sell the same security as many times as you like in one single day.
What you need is input from someone who has experience with both the digital wallet (and all that goes with it) and with the derivative plays offered by Robinhood and/or PP. My experience is limited to only the two derivative plays, I prefer Robinhood over PP. One advantage of RH is you can mix your crypto trading with equities and ETF trading - sell bitchcoin and immediately buy a stock or ETF with the proceeds
The government is incapable of ever managing the economy. That is why communism collapsed. It is now socialism’s turn - Martin Armstrong
One big Solar X Flare that hits the planet like the one back in the 1800's ( fried the telegraph wires) might change the value of 11111's and 000000's.
@metalmeister said:
One big Solar X Flare that hits the planet like the one back in the 1800's ( fried the telegraph wires) might change the value of 11111's and 000000's.
Can a sophisticated hacker (a foreign government for example) accomplish the same thing?
Worry is the interest you pay on a debt you may not owe.
"Paper money eventually returns to its intrinsic value---zero."----Voltaire
"Everything you say should be true, but not everything true should be said."----Voltaire
I suppose there are a lot of ( what if ) situations to consider. On the other I had a good architect friend of mine once said "You know, 99% of the things I worry about never happen" Having said that. I am happy on the side lines with the crypto thing with my diverse dividend portfolio including my back yard crops.
"Investors are forced to hold $18 trillion of negative yielding debt while $trillions are being printed all around the world. Investors are drowning and are grabbing onto cryptocurrencies as a lifeline. While the sustained low yields will increase prices and suppress expected returns across all markets, many investors will choose the unknown expected returns of risky assets over the guaranteed losses in bonds."
"As long as the world is flooded with money and safe assets offer poor compensation, Bitcoin will be relevant. Volatility and asset bubbles will be a fact of life. Calling the tops of these bubbles will be difficult because the fiat currency yard stick by which we measure prices is itself in a bubble."
The government is incapable of ever managing the economy. That is why communism collapsed. It is now socialism’s turn - Martin Armstrong
@RobM said:
Many of the electrons are leaking out of my crypto acct.
If you recall I pointed out expected profit taking at $40K in this post on Jan. 8. I expect the whales to return in force when they feel a new bottom. When I see evidence of this I will jump back in.
The Miner Position Index is indicating that bitcoin miners are also now taking profits.
The government is incapable of ever managing the economy. That is why communism collapsed. It is now socialism’s turn - Martin Armstrong
So you sold all your BTC at $42K? Perfect timing. Keep in mind that "whale" is quickly losing meaning since PP and RH wallets are whales. Basic a bunch of retail
anchovies swimming together to look like a whale, throwing off the sharks.
GUANGZHOU, China — Bitcoin and other digital coins tanked on Monday wiping off some $170 billion from the entire cryptocurrency market.
The market capitalization or value of the cryptocurrency market was $959.53 billion at 12:10 p.m. Monday Singapore time (11 p.m. ET), down from $1.1 trillion a day earlier, according to Coinmarketcap.
Bitcoin, the largest cryptocurrency, fell over 11% from a day earlier to $35,828.06, at around 12:15 p.m. Singapore time. At 8:45 a.m. ET, it was down nearly 16%, at $33,549.79, according to coindesk.
LOL one of these days it will wipe its market cap all the way back to $0. Crazy world!
The whole worlds off its rocker, buy Gold™.
BOOMIN!™
@RobM said:
Keep in mind that "whale" is quickly losing meaning since PP and RH wallets are whales. Basic a bunch of retail
anchovies swimming together to look like a whale, throwing off the sharks.
PP and RH are but two more whales (wallets with balances greater than 1K bitcoins) in a group that numbers more than 2250 whale accounts (per the earlier chart). The anchovies funding these two whales are definitely having an impact on demand, but are a very small minority in the big picture.
The government is incapable of ever managing the economy. That is why communism collapsed. It is now socialism’s turn - Martin Armstrong
@drei3ree said:
With all the publicity, he's gonna have a nice big tax bill now!
No bitcoins to sell means no income. No income bitcoin means no taxes.
Not for the BTC he may lose, but if he was trying to evade taxes when selling BTC from his other wallets for which he has the keys, he may need to rethink that strategy. The guy is still a BTC multimillionaire.
“There has to be regulation. This has to be applied and agreed upon […] at a global level because if there is an escape that escape will be used."
The former head of the IMF, who was previously found guilty of financial negligence by a French court over a €403 million arbitration deal in favor of businessman Bernard Tapie, went on to accuse Bitcoin of being heavily embroiled in criminal activity. "Bitcoin has conducted some funny business," she said.
Meanwhile, BC up 2.7% in overnight trading.
The government is incapable of ever managing the economy. That is why communism collapsed. It is now socialism’s turn - Martin Armstrong
@Goldenage said:
How can something lose $10,000 in value in 2 days ? Does a new car lose 10k in 2 days ?
Happens constantly everyday on a myriad of items. Even a car with 0 miles in 0 time can lose well over 10k in a split second, just take it off MSO with a pen stroke. I know of tons of car dealers who actually sell constantly over MSRP, people pay extra for their impatience. Even had a dealer ask me how much over MSRP over I was offering, lol.
Good to see so much misinformation, so many don't understand still. Whales accumulated again on the dip and it touched back over 40k today, 39k+ currently. Price discovery and impulsive moves will always be volatile. GBTC just opened again for buying at NAV, that tends to cause further buying imbalance. Miners showing shortages lately. More transparent than stockmarket and trades 24/7/365
Comments
I've always been one for selling and buying stocks/PMs/assets when the ratio is favorable.
Can you imagine the trade if everyone sold their Bitcoins and purchased PMs right now?
I think in 3 to 5 years from now, we'll look back at what could have been an all time no brainer trade.
I was selling 2020 silver eagles for $20.20 in Bitcoin from March through the 4th of July last year. Not one person took me up on the offer. That's when I realized it's ghost money.
Reality is btc is harder money, might want to look more into blockchain data. No it was not really public back at 1 penny per to make billionaires(and misleading sensationalist headlines) just like you weren't acquiring Google shares for nothing without a name like Larry Page or Brin. It was a huge hassle/timewaste when I first tried back at $25. More like a 100+ per btc when it really was first somewhat 'public'
On May 22, 2010, programmer Laszlo Hanyecz completed the first documented commercial Bitcoin purchase, paying 10,000 coins for two Papa John's pizzas. Valued at $41 at the time, current market pricing today gives the purchase a $337.5 Million price tag. Not a bad gain for a 10 year span.
The government is incapable of ever managing the economy. That is why communism collapsed. It is now socialism’s turn - Martin Armstrong
I wonder how he feels about that deal nowadays! ???
My YouTube Channel
Bitbeanies. Money to be made for those that know when to sell.
The government is incapable of ever managing the economy. That is why communism collapsed. It is now socialism’s turn - Martin Armstrong
What’s your price target to sell?
Is there an aspect of the project that appeals to you or is it just a speculative play for monetary gain?
Do you plan on Hodling any long term?
Just curious...
It's all about what the people want...
Will hodl as long as the price hodls. The difficulty is in recognizing a dip vs. a decline. My PP crypto accounts support only a very limited amount of turnarounds while the Robinhood account is much more accommodating. Having reached my dollar limits both weekly and annually in the PP accounts, my plan is to liquidate at hopefully the right moment, transfer the funds to the bank and then transfer the funds to Robinhood.
To be clear, I am not advocating a long term future for any crypto. The short term is offering profits. One should evaluate each short term as it appears.
The government is incapable of ever managing the economy. That is why communism collapsed. It is now socialism’s turn - Martin Armstrong
Note the growth in the number of "wallets" holding 1,000 or more bitcoins (currently a value of $38.3 Million). This increase in "whales" (institutional and very rich individuals) is what is fueling the price. And you can bet they are each in a position to buy another 100K or more coins at any moment. Keep in mind that new coins (supply) are being 'mined' at nowhere near the volume this demand is creating. The only way to fill the 'excess' growing demand is through higher prices.
This is why I believe bitcoin even now offers an excellent opportunity.
The government is incapable of ever managing the economy. That is why communism collapsed. It is now socialism’s turn - Martin Armstrong
Without mentioning any specifics, I personally saw a guy sell 50, FIFTY ounces of GOLD to buy Bitcoin, that's like 2.25 bitcoins... I do not understand that, I cannot wrap my head around that one...
My YouTube Channel
That was yesterday afternoon, BTW
My YouTube Channel
That's insane. I'll take my 42000 dogecoins and see what happens there.
I sold a couple of gold eagles and bought one+ bitcoin last year. I keep it in a paper wallet just for kicks. Now that piece of paper is worth more than the box of eighteen eagles it sits in. When btc drops again, I'll do it again.
It's to bad paypal won't allow that.
I think I may have found where Mongo went off to...
On a December morning in 2013, user GameKyuubi posted an entry titled “I AM HODLING” in a bitcoin forum. “I type d that tyitle twice because I knew it was wrong the first time,” he wrote in the first sentence of a drunken post loaded with typos and phrases in all caps. In the thread, he ranted about his poor trading skills and his intention to simply hold his bitcoin as its price was plummeting at the time. “You only sell in a bear market if you are a good day trader or an illusioned noob,” he added. “In a zero-sum game such as this, traders can only take your money if you sell.”
The misspelled “HODL” quickly circulated among the crypto community, and soon after turned into an internet slang to indicate when a person holds bitcoin rather than selling it. Use of the term was later extended to include other cryptocurrencies.
I know zilch about Bitcoin. Was just wondering what are the chances of a different coin coming to market ?
PP does allow select accounts to invest in Bitcoin and/or Ethereum. It does not involve directly buying digital bitcoin. It is a much simpler derivative play based on the current price of the crypto. You buy an amount of coin(s) in dollars at current crypto price and you later liquidate back to dollars at current crypto price. Similar to trading a stock or an ETF. Unfortunately there are currently no crypto ETFs on the US exchanges. The closest US exchange play is GBTC that reportedly carries some heavy fees.
The government is incapable of ever managing the economy. That is why communism collapsed. It is now socialism’s turn - Martin Armstrong
There are thousands of crypto and digital currencies. The 'top 20' make up roughly 99% of the market by volume at eight of the largest crypto exchanges. Until a crypto ETF is approved, traders are limited to trading at those crypo exchanges (which I personally would not trade in), hold a complicated Bitcoin digital "wallet," or trade derivatives that follow the price of a few specific cryptos. Currently Robinhood and select PP accounts offer a few crypto derivatives. My experience with both leads me to prefer Robinhood over PP to trade derivatives because of the higher fees with PP volume limits imposed by PP ($20K a week, $50 a year and this include repurchases after earlier sales). Because actual cryptos trade 24/7 you have to regularly monitor price movement in your PP and Robinhood crypto accounts (both trade cryptos 24/7) offer crypto trading 24/7. Also, unlike normal fund transfers from PP, transfer of PP crypto funds back to your bank takes a couple of days.
Info on Robinhood crypto trading can be found here. Trade at your own risk.
The government is incapable of ever managing the economy. That is why communism collapsed. It is now socialism’s turn - Martin Armstrong
Or the holders of the bitcoin you sought considered your silver to be ghost money. Don't get me wrong, I love silver.
The government is incapable of ever managing the economy. That is why communism collapsed. It is now socialism’s turn - Martin Armstrong
When it's ( the silver ) n their hand ? They opted to use a debit card and pay 4% more, just last week.
I think many of us holding Bitcoin are reluctant to transact with it for different reasons. What's difficult is finding a "balance" for trade ; which is tough with volatility.
For those looking at GBTC, currently the only bitchcoin play on US exchanges:
Long Desired Bitcoin ETF Could Hurt GBTC
The government is incapable of ever managing the economy. That is why communism collapsed. It is now socialism’s turn - Martin Armstrong
Looking into setting up an account to buy Crypto Currency I know I am late to the game. Just want to set up an account to purchase in the future if there is another significant drop. What Exchanges to purchase and types of wallets would you recommend? I would like comments from people that actually own the currency and have both bought, sold and purchased items with the currency. All the sites I goggle on line are just trying to sell me on exchanges and links that give them a kickback so it is hard to trust anything.
Thanks in advance for your comments.
I use Robinhood to dabble in crypto. It's not a 'wallet' but you can trade.
Wallet seems like it would be cumbersome and a lot of work. Limited sellers who will accept actual bitcoin. I prefer the ease and quickness of buying/selling a stake in select cryptos using Robinhood. PP cryptos (if available in your account) are good for smaller plays but carry a $10K to 20K weekly buying limit (differs with different accounts for some reason) and a $50K annual buying limit and for you day traders these limits include re-purchases.
With Robinhood, since cryptos don't yet fall under SEC regs, there are no "day tripper" limits. You can buy and sell the same security as many times as you like in one single day.
What you need is input from someone who has experience with both the digital wallet (and all that goes with it) and with the derivative plays offered by Robinhood and/or PP. My experience is limited to only the two derivative plays, I prefer Robinhood over PP. One advantage of RH is you can mix your crypto trading with equities and ETF trading - sell bitchcoin and immediately buy a stock or ETF with the proceeds
The government is incapable of ever managing the economy. That is why communism collapsed. It is now socialism’s turn - Martin Armstrong
One big Solar X Flare that hits the planet like the one back in the 1800's ( fried the telegraph wires) might change the value of 11111's and 000000's.
100% Positive BST transactions
Can a sophisticated hacker (a foreign government for example) accomplish the same thing?
Worry is the interest you pay on a debt you may not owe.
"Paper money eventually returns to its intrinsic value---zero."----Voltaire
"Everything you say should be true, but not everything true should be said."----Voltaire
I suppose there are a lot of ( what if ) situations to consider. On the other I had a good architect friend of mine once said "You know, 99% of the things I worry about never happen" Having said that. I am happy on the side lines with the crypto thing with my diverse dividend portfolio including my back yard crops.
100% Positive BST transactions
The bitcoin bubble
"Investors are forced to hold $18 trillion of negative yielding debt while $trillions are being printed all around the world. Investors are drowning and are grabbing onto cryptocurrencies as a lifeline. While the sustained low yields will increase prices and suppress expected returns across all markets, many investors will choose the unknown expected returns of risky assets over the guaranteed losses in bonds."
"As long as the world is flooded with money and safe assets offer poor compensation, Bitcoin will be relevant. Volatility and asset bubbles will be a fact of life. Calling the tops of these bubbles will be difficult because the fiat currency yard stick by which we measure prices is itself in a bubble."
The government is incapable of ever managing the economy. That is why communism collapsed. It is now socialism’s turn - Martin Armstrong
The leap from treasuries to bitcoin is a big one! There's a lot in between...stocks, CD's, metals, real estate, etc etc etc
In fact, I would have difficulty deciding between 40k of bitcoin and 40k of penny stock!
Many of the electrons are leaking out of my crypto acct.
If you recall I pointed out expected profit taking at $40K in this post on Jan. 8. I expect the whales to return in force when they feel a new bottom. When I see evidence of this I will jump back in.
The Miner Position Index is indicating that bitcoin miners are also now taking profits.
The government is incapable of ever managing the economy. That is why communism collapsed. It is now socialism’s turn - Martin Armstrong
So you sold all your BTC at $42K? Perfect timing. Keep in mind that "whale" is quickly losing meaning since PP and RH wallets are whales. Basic a bunch of retail
anchovies swimming together to look like a whale, throwing off the sharks.
No, i sold it when it dropped back to 39.5
The government is incapable of ever managing the economy. That is why communism collapsed. It is now socialism’s turn - Martin Armstrong
GUANGZHOU, China — Bitcoin and other digital coins tanked on Monday wiping off some $170 billion from the entire cryptocurrency market.
The market capitalization or value of the cryptocurrency market was $959.53 billion at 12:10 p.m. Monday Singapore time (11 p.m. ET), down from $1.1 trillion a day earlier, according to Coinmarketcap.
Bitcoin, the largest cryptocurrency, fell over 11% from a day earlier to $35,828.06, at around 12:15 p.m. Singapore time. At 8:45 a.m. ET, it was down nearly 16%, at $33,549.79, according to coindesk.
LOL one of these days it will wipe its market cap all the way back to $0. Crazy world!
The whole worlds off its rocker, buy Gold™.
BOOMIN!™
PP and RH are but two more whales (wallets with balances greater than 1K bitcoins) in a group that numbers more than 2250 whale accounts (per the earlier chart). The anchovies funding these two whales are definitely having an impact on demand, but are a very small minority in the big picture.
The government is incapable of ever managing the economy. That is why communism collapsed. It is now socialism’s turn - Martin Armstrong
How can something lose $10,000 in value in 2 days ? Does a new car lose 10k in 2 days ?
If something has limited utility and lacks any real scarcity, why not? Cryptocurrency is a purely speculative FOMO play.
Imaginary digits my friend.
May I suggest something real that you can physically hold in your hands? Good Luck. RGDS!
The whole worlds off its rocker, buy Gold™.
BOOMIN!™
IMO massive profit taking on crypto, that rise to 40k was very very quick....take profit, buy back, do it again.
I've been using MSTR as a proxy for btc.
Some profit taking for sure, and some big losses as well. People who bought at 40k and sold at 33k.
My Coin Blog
My Toned Lincoln Registry Set
I think I'd prefer an investment / currency that I can always access:
https://www.dailymail.co.uk/news/article-9139527/Computer-programmer-2-password-guesses-left-access-220m-Bitcoin-locks-FOREVER.html
With all the publicity, he's gonna have a nice big tax bill now!
No bitcoins to sell means no income. No income bitcoin means no taxes.
The government is incapable of ever managing the economy. That is why communism collapsed. It is now socialism’s turn - Martin Armstrong
Not for the BTC he may lose, but if he was trying to evade taxes when selling BTC from his other wallets for which he has the keys, he may need to rethink that strategy. The guy is still a BTC multimillionaire.
.
.
I want one!
.
CoinsAreFun Toned Silver Eagle Proof Album
.
Gallery Mint Museum, Ron Landis& Joe Rust, The beginnings of the Golden Dollar
.
More CoinsAreFun Pictorials NGC
I don’t see these for sale on eBay
.
.
.
CoinsAreFun Toned Silver Eagle Proof Album
.
Gallery Mint Museum, Ron Landis& Joe Rust, The beginnings of the Golden Dollar
.
More CoinsAreFun Pictorials NGC
And so it begins. . .
The Madam of Money calls for Bitcoin's global regulation.
“There has to be regulation. This has to be applied and agreed upon […] at a global level because if there is an escape that escape will be used."
The former head of the IMF, who was previously found guilty of financial negligence by a French court over a €403 million arbitration deal in favor of businessman Bernard Tapie, went on to accuse Bitcoin of being heavily embroiled in criminal activity. "Bitcoin has conducted some funny business," she said.
Meanwhile, BC up 2.7% in overnight trading.
The government is incapable of ever managing the economy. That is why communism collapsed. It is now socialism’s turn - Martin Armstrong
Happens constantly everyday on a myriad of items. Even a car with 0 miles in 0 time can lose well over 10k in a split second, just take it off MSO with a pen stroke. I know of tons of car dealers who actually sell constantly over MSRP, people pay extra for their impatience. Even had a dealer ask me how much over MSRP over I was offering, lol.
Good to see so much misinformation, so many don't understand still. Whales accumulated again on the dip and it touched back over 40k today, 39k+ currently. Price discovery and impulsive moves will always be volatile. GBTC just opened again for buying at NAV, that tends to cause further buying imbalance. Miners showing shortages lately. More transparent than stockmarket and trades 24/7/365