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YOU SHOULD BUY (AN UNKNOWN AMOUNT) OF MONERO, ANON.
Nice. Just bought ( an unknown amount).
buy aeon if you want true value
>only have (an unknown amount)W-will I make it anons?
>>5428415
nice just bought ???k
>>5428578Does the document say (an unknown amount) of aeon? >>5428606 No. Have fun getting buttfucked by Jamal in prison when the IRS catches up with you. Get that scam trash out of this thread and never post again.
>Buy 100k worth of monero>IRS subponeas all exchanges and sees you bought a shit ton of moneroYea good luck with that.
>>5428415been seeing a fuckton of 45ms pings on monero past day...right where chicago is.. KEKusually the moneros here ping 90-150ms alot of North American range latencies the past day...
>>5428719>IRS can suboena foreign entities.Nice try shlomo.
>>5428719That's not how the world works, anon.
Sumokoin is better than Monero
>>5428759Shot that mouth breather down in FLAMES, Anon. Holy Shit!
>>5428415I just laughed (an unknown amount) of times.
>>5428746Yeah. I saw that traffic spiking, and bought back in right away. Hello fellow Spoopy Skellington. Kek.
>>5428759I bet everyone here trades on Bittrex. Bittrex is a USA entity. We're all fucked.
>>5428759LOL Gox go subponead by the US government tard. Sovereignty is only a myth, if you really think I'm a Schlomo then I'll tell you that dirty secret that keeps us in power.
>>5428759>he thinks every country in the world wanting to even remain on speaking terms with the US markets will refuse a legal warrant>even the Swiss have been spreading their asscheeks for the IRS for years>keeping all of his money in Best Korea or an ISIS-owned exchange just to avoid paying his 15% to Israel
>>5428415*BLOCKS YOUR PATH*fuck taxeshttps://bitcointalk.org/index.php?topic=2637444.0
>>5428415just bought an 100k unkown amount of monero
>>5428685aeon is a fork of monero and is being marketed as litecoin of monero. go ahead and miss out on the obvious gains.
>>5428685>scam trashare you fucking brand new? if you're trying to shill aeon you're failing fucking miserably. what you just said is like going to a lambo dealership and trying to sell your 1998 corolla by calling the lambos "slow buckets". literally nobody is dumb enough to not see through it m8
> Buy Monero> Literally can't cash out everThe taxman will want to know where the BTC came from when you trade the XMR to BTC when cashing out. You'll also be charged short term capital gains with a zero cost basis of you don't provide transaction records.
>>5428932If i wanted to dink with coins that compromised my security through my phone, I would have hopped on with the Vergins.
>>5428977Quit America and renounce citizenship
>>5428808No, it's not. All of these monero clones rely on the monero libraries to function. What happens to your little sumokoin (faggot name) and ETN (core xmr dev -yeah, k.) when the real heroes, who by the way are bringing back i2p by themselves to serve every drug dealer, hacker, and free citizen in the world, go down? Don't be stupid, don't shill worthless non-xmr. Crypto depends on it
>>5428977Brainlet.
>>5429050
>>5429033You do know monero itself is a fork, right?It's a shame Boolberry never took off, it was the less-douchy version of cryptonote.
>>5429020wtf u talking about? aeon has never "compromised" any security. it is literally a xmr clone.
>>5429050Explain to me how you will spend the gold? How will you buy a house with it?
>>5428903This guy gets it
>>5428962Aeon is actually a test bed for xmr and is probably the only clone with any real future. It actually has a very core xmr dev working with them, and xmr to aeon atomic swaps will probably be a thing.
>>5429050>>5429086I'd probably use https://rrbi.co/ instead of JM bullion.
>>5429096A freind sells his gold on "Megs List" for "Green Leaves". p2p.
>>5429181Ok now you wanna buy a house with green leaves. what do?
>>5429143Thanks for the secondary contact. Will file it.
>minimum amount of fiat to xmr on european exchanges is 100 eurobucksFUCK
>>5429086XMR to BTC to Gold is still taxable, not to mention it will probably result in tax evasion charges if audited.
>>5429198Don't have to. A freind of mine has bought and sold real roperty for gold with no problems.
>>5429240I don't buy shit with BTC. Not giving you my XMR gold contact Honeypot. I was just indicating to the Normans how it is done.
>>5429240I bought in to XMR at a loss on paper. Bullet proof. what happens with my gains inside Monero is. None. Of. Your. fucking. Business.. What I do with my Monero gains is, once again. None. Of. Your. Fucking. Business. Thanks for bumping, though.
>>5428903Any service that does the same with ETH or any other coin that is actually usable?
>>5428415Now, Children, we will learn about Fungibility. Monero is the ONLY Fungible Coin on Planet Earth, and is the main reason it will replace Bitcoin and Grade B-Cash.
>>5429466Get out Communist.
>>5429337You still have to report your losses and you'll be fucked if you didn't start with a cash only crypto purchase if you ever make enough money to cause alarm.
>>5429624I am reporting my losses, and started with a cash only crypto purchase. It was a terrible loos to an offshore trader. My weapons and ammo were also stolen off a barge during shipping. It's a rough world out there.
>>5429624This is the secret though. stay small, under one mil. the only interest they ever have in you then is getting to the bigger fish like alphaBay.
>>5428977>You'll also be charged short term capital gains with a zero cost basisAnd we will pay that tax, on whatever money we cash out to USD with. But I plan on never going back to the kike controlled financial system, so I would just cash out enough to make large purchases. So I would only be paying taxes on some of my wealth. Monero is more private and secure than an offshore bank account.
I'm all in on Monero and Digital Note bro
>>5429545Today we will learn a new word, boys and girls. fungibility.
>>5430144Verge, Aeon, and all the other shitcoins fall under the clasification of "Non - Fungible", along with Bitcoin, and everything else that is not Monero.
>>5429624Nobody can see or know how much Monero you have currently tard.
>>5430297True. Doesn't address the issue that you can't cash out without paying taxes or risking tax evasion charges.
>>5430777Do you cash out your bank account and just walk around with everything in it?You only need to cash out when you need to make a big purchase in USD, then you pay taxes on that. And gains aren't taxable until they are realized. So just sell ETH on normie base, and claim that you've been holding it since 2014 and are just now cashing out. With the rising price of crypto, its a completely plausaible story. And is long as you pay your taxes on what you cash out, they probaly wont audit you, because there's thousands of others that aren't pay a cent in their crypto gains. That's their priority, that's who they will be chasing. If you pay your taxes on what you cash out, you'll fly under the radar.
>>5428876>>>5428759>I bet everyone here trades on Bittrex. Bittrex is a USA entity. We're all fucked.If you are still using Bittrex, you deserve it.
>>5431336False. Every trade is taxable. When you trade crypto to crypto, a gain/loss is realized. However, I agree that most people will fly under the radar and only a select few will be fucked over. BTW, unless you use multiple wallets, I wouldn't lie to the IRS because ETH and BTC transactions are easily traced, especially if they lead to your Coinbase account.
>>5428578Not at all. You need at least (an unknown amount) to make it here, kid.
>>5428808>he thinks hard forks are bad
>>5428606Im going to need the full doc of this
>>5431634Yes I am aware of what the law states. But if you cash out 30k to buy a new car and you pay your capital gains on that USD like a good goy, how is the IRS going to know about the 300k you have in monero? And if they do ask questions, you just claim you have been holding if for years, not trading, and are just now realizing your gains, which is completely plausible. But they probaly wont ask questions because they have their work cut out for them going after the 15k other people who didnt pay any tax at all. IF your one of the 500 who did pay their taxes, they are gonna leave you alone.
>>5431882https://www.justice.gov/opa/press-release/file/982821/download
>>5431902You'd be admitting that you haven't been paying long term capital gains for years.
>>5428415don't worry daddy I've been mining it instead ;)
>>5431634>Every trade is taxable.The logistics of the IRS trying to enforce this, as if the billions of crypto to crypto transactions that occur every year are as easy to track as real estate trades, are impossible to manage. I expect this law to be amended within a year or two.
>>5432045This is the initial draft. in it, it states "Any and all Monero" It was later clarified to "an unknown amount" of Monero, as the Wallet and accounts for Monero were seized, but they had been emptied, and that was the end of the trail. "Any and all Monero" was listed so that it could be seized if ever found in later years.
>>5432045much obliged
>>5428523Nice. Just bought (an unknown amount) x (an unknown amount)
>>5432115Ummm. that little thing you are tappity tappitying on there? that can easily trace any Non Monero Crypto trade ever made with the right software.
>>5432115The IRS commissioned a company called Chainanalysis to track transactions. BUT - the IRS cant win this fight. Why? Because crypto was specifically designed to break away from The Government-Bankster Cartel. The Obfusaction features of Anon/privacy coins arent there just to be cool features!!! They are there for a good reason. The crypto community has been preparing for the IRS, and the IRS is never going to catch up because government is inherently slow. This is why Ive become really bullish on the Privacy coins, Monero/Verge/Cloak and their smallcap cousins. In fact, if you look at cmc these coins already experienced a rise in pricing. Nearly all of them. Just watch out, next year we're gonna see some crazy shit. If the IRS really starts to crack down, we are gonna see the community go into overdrive with the decentralized Anon exchanges, Anon Atomic Swaps (oh yes its coming!) and the New Darknet like what Shift is doing. This is the true purpose of crypto and why ultimately the government/USD is on borrowed time. We have a few years before the entire system collapses, its already begun. I would only be worried if I was a big fish cashing out large amounts of money. Thankfully, I'm not, and you could probably get away with cashing out $5k ish every month. The IRS cant keep up.
>>5432323You are beyond retarded if you think the "government is on borrowed time" or "system collapses."
>>5428977I'm sorry mister taxman, someone stole my private keys
>>5432323Fungibility. None of these coins have fungibility. None. Only monero. the others are pump and dumps for now. In later years, the developers may give them fungibility. Only then would I buy in. Also. These coins are going light on security to increase sales processing speed, as they themselves advertise. I'll pass. I would rather have to pay taxes with BTC than get my account cleaned by hackers.
>>5432355You're beyond retarded if you don't. Fiat always kills empires.They can't do shit now. Crypto is a money black hole. All the money printing in the world can't save banking kikes and government.
>>5432355You are beyond retarded if you think the system wont collapse. We are on the verge of political, cultural and economic change. You need to open your mind and see the big picture. Cryptocurrency's total marketcap went up a hundredfold, if you cant see the writing on the wall, you're beyond retarded. As they say, "money talks".Cryptocurrency by its very nature is already pseudoanonymous. The Anon coins take this shit even further, and its the core of why crypto was made. Crypto puts banking into your own hands and keeps third parties out. The American government in particular is in huge trouble - its a skeleton system. No government lasts for over 200 years, and we are WAY PAST due. The collapse is happening before your very eyes. All you need to do is look at pol. The rise of the "Alt right" (which really isnt Right at all, its a resistance) combined with cryptocurrency heralds the beginning of the end of the evil, diabolical system that the bankter-government cartel has cast upon us. If you are doing crypto, you are participating in the resistance. Period. End of discussion. THIS IS A RESISTANCE MOVEMENT. Whether you know it or not.
>>5428719just use shapeshift bro
>>5432050No, because you don't pay capital gains on a long term hold until you sell it and realize your gains. Its not a gain until you sell, unrealized gains are not taxable.
>>5432045>all this shit listed in BangkokHow the hell can the United States Federal Government seize property and assets held by an individual overseas where they have zero jurisdiction? I don't understand
>>5432171which is impossible. how isn't xmr millions each is beyond me.
>>5432355the US is not the only exception to the 4000 year history of empires and currencies
>>5432225I'm talking more about the logistics of the IRS first enforcing a subpoena on Bittrex or Poloniex to give them every transaction linked to every identified customer and how it would ultimately be a massive waste of time if any of those customers then moved funds that, after all that tracing, just ended up being a brick wall because they traded for Monero or they moved funds to an offshore trading platform that the IRS would have no jurisdiction over, on say Binance or Cryptopia, and couldn't subpoena them to confirm that that wallet belonged to the person in question. Plausible deniability then comes into play and nobody is going to self-incriminate.Not really worth the effort. The IRS is just going to go for the low hanging fruit which is obviously Coinbase and people that didn't declare capital gains taxes.>>5432323It could go a number of different ways but part of me wonders if the massive influx of money in 2017 isn't from the banks or the government trying to wrest control of the market.
>>5432575This. They are going to set up a stopgap and go after everyone who coverts crypto back to fiat. That's all they really can do. And as cryptos become more and more accepted, less people will be cashing out to fiat. Then income tax will finally be impossible to enforce, and they only tax they can collect is sales tax.
>>5432491The USA is a world superpower, they have jurisdiction wherever their foreign aid and troops and military bases get to. You think that shit is all just to be "safe" ? LOL
>>5432575>It could go a number of different ways but part of me wonders if the massive influx of money in 2017 isn't from the banks or the government trying to wrest control of the market.It's not. Crypto was like a bad pimple for them before 2017. Now its a problem. Pumping money into it would only make the problem worse and raise more awareness, and crypto is like a balloon. You cant force massive amounts of money into the system - it benefits people that invest small amounts. They want this shit to go away, which is why the new tax bill was made and signed during christmas. This new tax bill wasnt an oversight on crypto, it was a deliberate attack on crypto, which is why the proposed changes to make things easier (there is a senator that proposed changes to make rax reporting for crypto easier) never made it through into the final cut. I wonder why? Because its an attack. Anything that is signed during christmas time that has financial repercussions is NEVER GOOD FOR THE PEOPLE. NEVER. This is how they do it folks. They do it during christmas time. They instituted the federal reserve during christmas, they removed the gold standard during xmas, the NDAA was during xmas....list goes on. They always do it during this time because they figure no one is paying attention and no one will care.
>>5432491Co operation of The Government of Thailand. Total failure of Spook Craft 101 on the part of The Accused.
>>5432471>Fiat always kills empires.why do you say this?
>>5432833Because every empire that instituted fiat currency has collapsed. Every single one.
>>5428415I can't wait to get around stupid fucking taxes, all people have to do is legitimately adopt a coin as currency for trade and the whole fiat banker scam crumbles.
>>5428415Monero partnering with Digital Bitbox.
>>5432477t. personality disorder
>>5433026>stupid reply to a well thought out postNever change biz
>>5432755The traditional goverment/corporate/military complex is in between a rock and a hard place.They're too slow and invested in the current international fiat system to switch to crypto, so they have no choice but to fight it. However, the more restrictions and limitations they put on it, the more crypto will become ingrained into the economy. The reasons are complex, I'll try to outline them below by listing the system's options and their consequences. Keep in mind though, the old system is so slow that they might not even be able to take these options in time for them to even have any effect. EX: Goldman Sach's declares they are going to start a bitcoin trading desk, but it won't be in operation until June 2018...>Increase taxes on crypto and make paying taxes on crypto more difficult. The more taxes and the more difficult it is to pay taxes on crypto, the more appealing privacy coins become. People will move from transparent coins which are relatively easy for the goverments and corporations to manage to ones that are invisible.>Make it more difficult to go from Crypto<->Fiat. This will shoot up the value of crypto, similar to how drug prices go up when they are made illegal. Meanwhile, people who are rich in crypto become a huge market for anyone who accepts services in crypto. This causes mass merchant adoption, the merchants who don't adopt lose a giant share of the market.>Banking system attack, buy up the market/financialize crypto in USD/use trading algos on cryptoCryptocurrency is not like traditional stocks, so banks are at a disadvantage trying trade crypto. Meanwhile the primary exchanges are all unregulated and the financial system cannot touch them. Thus they try to create financial products, like recently with the futures. Problem is, the futures determine their prices based on exchanges, which are manipulated by massive bitcoin whales. The banks cannot beat the whales without buying crypto, which merely enriches the whales.
>>5432994Plausible Deniability. give them the wrong password. and it automatically creates and opens an empty wallet. Monero will be The One. There can Only Be One. It will be, quite literally, The Sole Survivor of The Crypto Apocolypse.
>>5428415Hey EveryoneJust wanted to say a very Merry Christmas from the guys at Monerujo we have made some cool customizable NSFW (swearing) and SFW Christmas cards featuring our little guy Gunther. you can use Monerujo or https://moneroaddress.org/ to create a new wallet, transfer some sneaky Christmas money onto that wallet, then just write the seed words down on the Christmas card, and the receiver can restore from the wallet from the Seed in Monerujo!https://imgur.com/a/eRWkHCheers from the team -m2049r -anhdres -rehrar -baltsar777 -EarlOfEgo -KeeJef
>>5433252HOLY SHIT! TRUE IF BIG! JUST BOUGHT ANOTHER ( UNKNOWN AMOUNT )!
>>5428719ill be eating sauerkraut in belarus at that point
>>5433070>>5433070I agree. They are kind of fucked, the collapse is already happening, its like a slow motion train wreck. Combine the economic collapse with the social, political and cultural collapse and the American Zionist Empire is in freefall. Ultimately, the more regulation they do, its basically as Leia says to Tarkin: "The more you tighten your grip, the more star systems will slip through your fingers" They are in a Catch-22 and the system is fucked. The funny thing is, even if they did away with fiat and adapted to crypto, they are so slow and inefficient that by the time they do adapt, income tax will be a thing of the past. And good riddance, because income tax is actually unconstitutional and was never intended to be apart of our society. At all. Income tax is evil. In fact heres a little secret: all taxes are pointless in the current system. You say they pay for roads. Guess what, they dont because the government is $20,000,000,000,000 in debt. The entire government is in debt! It's all based around credit. Taxes go to a black hole. They dont pay for anything because all money is instantly vaporized due to the debt based system of our government. ITS A SCAM!
>>5433480ICO's 5 years tax free in Belarus.
>>5433626Monero is The Resistance. Fluffy Pony is The Last Jedi.
>>5433070>Make it more difficult to go from Crypto<->Fiat>This will shoot up the value of cryptoWhat? No. In the short term, this would create a massive fiat value loss in the entire market. I agree with the sentiment of the rest of what you said but definitely not this.
>>5434206We pumping, Boyos.
>>5434259Here we go.
Does anyone know what the American tax system on crypto will be like?
>>5428606I've seen this so many times, I'm starting to suspect that it's a fucking trap at this point. With a hole that obvious, you'd think the government would use it as some sort of honey pot to catch tax evaders, by making them think they're safe in that coin.
>>5428415Monero is junk, ancient old piece of shit. slow and high fees
>>5434522Virgin
>>5434522
>>5433252Tremendous if not fake news.
>>5434852>>5434961DELET THIS NOW
>>5434522Monero is going Bullet proof. Fees will soon be reduced by 80%.
>>5432755>>5433070Underrated toastsIf more Crypto start adopting anonymity measures and we throw away the old ones that have publicly available ledgers, except for niche coins used in certain businesses, the tax collectors and banks will go from having little control to virtually none.
>>5432323oh for fucks sake, just pay your fucking taxes. they're a lot smarter than you think and they will make an extreme example of several thousand people in 2018-2019.
>>5432575wrong. you can go to jail for simply failing to disclose an offshore account. they don't need to trace shit.
The only way I can see this working is through a decentralized exchange. The ones I have tried so far are shit. I have messed around with Bisq, and EtherDelta. Are there others that are decent? Any on the horizon?
>>5435686>t. Happy Merchant
>>5435686Its not an offshore bank account tho, its internet meme money, it just happens to be completely decentralized and untraceable. Am I supposed to disclose how much WoW gold I have too? This shit is going to be impossible for the IRS to regulate. And instead of missing out on trillions of dollars in tax rev, they are going to switch to a system they can actually enforce and raise sales taxes
>>5435686*quietly cleans weapon* I pay 40 % of my wagecuck job every year on taxes. Leave my crypto alone. *sharpens bayonet.*
>>5428415hide from the tax man
>>5435932I'm getting the idea you've been Taxed Enoigh Already, Anon.
>>5435861They're brand new concepts, give it time for them to mature.>>5435927income tax should be illegal, I'd be fine with a sales tax on goods to maintain muh roads.
>>5436545Income tax IS illegal.
>>5436699Die Taxmaster.
>>5436699Nucyaler ahniuhlayshun.
>>5436699https://www.youtube.com/watch?v=TIMrFpnfvyI
>>5435686>they're a lot smarter than you thinkNo, they arent. like what was saidin this thread, they are 8 years too late and we all know a year is an eternity in crypto. By the time they can analyze the exposed blockchains, people are gonna be on the decentralized exchanges, there will be no records of trades. Crypto-to-crypto taxes are the boogieman and will never manifest. Why do you think Blocknet, Bitshares etc exist? They arent money making schemes, just like Ofuscation, Darksend etc arent just cool features. Crypto was specifically made as a karmic backlash to the illegal and downright evil IRS. Even shitcoins that are below $1million marketcap plan to implement zerocoin protocol. With Atomic swaps. Anonymous atomic swaps. The IRS is finished come 2019. They are a dead man walking right now. All they can do is put a stopgap at the crypto to fiat conversions, but they will never get their double tax like they want so badly.
>>5435043I understand there are some Monero fanatics on biz. But for the people reading, there are coins that are just as good as Monero and they are all fungible. Zerocoin protocol coins are gonna be big next year. Cloakcoin might be even more superior than Monero because it doesnt just rely on ring signature algos, Enigma takes shit to the next level. Regardless, the privacy and anon coins are gonna take center stage next year. They will be the obvious choice if the government decides to go full 1984. Either way they lose.
>>5432115Doesn't realize they are billions of trades made on stock market and tracked.
>>5437389the problem is that the stock market is not cryptographically encrypted and is made to comply with the government. You can bet your balls that Blocknet and the other future decentralized exchanges arent gonna give a flying fuck about the IRS and government regulations. Combine decentralized exchanges with anon privacy coins and the irs is fucked
>>5437075This Anon is correct. By the time they figure it out, all crypto money will have flown in to monero.
>>5437262There is no other Crypto besides Monero fungible in the way the term is applied to monero. Fungible as in you can trade them for like kind Crypto? Yeah, every coin has that. nice try. No. Other. Coin. Has. Monero. fungibility. The Fungibility spoken of exists only within the Monero Leger, therfore no other coin can have said fungibility. Jesus Christ, you fucking shitcoin shillers are dealing with a MENSA here, give it up for fucks sake.
>>5428415$307 to 4320 in a few minutes. We're going live.
Who caresI just use coinbase to cash out and everythings always fine lads
>>5438179$320* Getting a couple of months in to the future there. Sorry.
>>5438239Lamboland here we come. Kek.
I was doing some research about the recent high transaction fees and realized Monero only scales if actual usage increases. Not if just the USD price increases.If it moons with just pure speculation, it's going to become useless for actual transactions. Even with the 80% bulletproof reduction, the price went up 30 times this year, if it does anything like that again 80% is not going to mean a thing.I'm saying this because it can be prevented if people avoid being stupid. If the price is going vertical and transaction volume is staying the same, don't buy, you would be shooting yourself in the foot. Buy into slow steady gains only.Read this shit: https://getmonero.org/2017/12/11/A-note-on-fees.html
I have (an unknown amount) of monero and (an unknown fraction) in it's derivatives. Did I do good? All of it was mined rather than purchased.
>>5439357Monero is actually a superior store of value to bitcoin bc its a store of value that is invisible. People are willing to pay fees to have a private Swiss bank account.
>>5439357This is why if you go on Monero Bittrex, you will see there is a 133 and change coin sell wall and buy wall attempting to control the price. Demand is increasing so greatly that it is being over run this evening. this will continue until Monero achieved its actual value as a coin. Given the Government crackdown on crypto. that value has suddenly shot to 100K per coin. This is way overdue for a moonshot that will leave early buyers shoes and socks on the sidewalk.
>>5439911Checked. Crypto 911 incoming. See >>5433074
>>5439911Checked.
>>5440311Checked. (you) Chekin' 911 with reverse 911. spoopy.
>>5428977but i lost all of my private keys in a tragic boating accident
>>5440085At 100k a coin, if transaction volume remains similar, you're looking at 3k fees per transaction. That means no darknet adoption. No regular people using it at all, only millionaires and billionaires hiding money. Exchanges to fiat infrequent and large, and therefore the task of monitoring and controlling such exchanges for the government becomes very doable. Defeating the only remaining purpose entirely.We can get to 100k per Monero without ruining it. You can do what you want, but if we get 20-50 dollar median fees that stick around for any length of time I'm bailing.
>>5440548See>>5432994With bitbox, you just give someone a wrong password, and it automatically hides your real wallet, creates another empty wallet, and shows only that. Monero is partnering with them.
>>5433070>>5432323Im interested in ur anons opiniosn anyone chime in! I havent claimed ANY crypto since 2015 and when i do cash out it is all smaller than 500 bucks from coinbase to paypal then a shitty college account i have had since 2012. This account sees a max of 40k a year i have a friend who put me under his busness and we file that im part time making 25k. Never reprted and never been audited most red flags are checks from people like 1k 5k sometimes but thats it. What are my chances this year? im under 20k sells for the entire year on cuckbase nearly 11k. Anons i know i sound like a fucking cuck but i want my asshole to stay tight and i wana keep making money hitting buttons
>>5440614At that point. it replaces Bitcoin, AND physical gold as a store of value. At that point, what does it really matter. (sorry Hilldawgs)
>>5440680If you don't have the effective anonymity aspect, and it costs more to move than it costs to physically ship gold around the world, why would it be replacing anything?
>>5440635The little feather game only goes for a max of 3 years. You should probably start buying monero, then cashing out to gold.
>>5440869What? You , a ,imbibing a lil' Holiday spirits? Kek. This is the ONLY coin that has anonymity. AND it is far cheaper to ship a bitbox than it is 100K in gold with associated armed guards and such. H- hello?
>>5428415FYI; 12 months ago, the monero sub r was 7k. Two days ago, it hit 70K registered, in 12 months, it will be 700K Monero 10x incoming.
>>5440954>>5440881>>5440680Ahh yes, Monero maximalists. There is not going to be one single crypto to rule them all, sorry. There are tons of cryptos out there you may not even heard of, that can compete with Monero on a technical level (like Cloak)But at the end of the day we're all on the same side k? We all want to see the IRS an the Banksters burn
>>5441417Uh, scratch that. the sub just went up another 5 k in the 2 days since Trump signed the tax bill. Ho -lee - fuck.
>>5441446Checked. True if big, and that is godam BIG.
>>5441434Cloak website doesn't even work. What's up with that.
>>5441434Ummm, yeah, if you wanna spend some change at Cryptoside online Casino, cloak coin is great. But if you wanna spend funds anywhere else, you gotta switch over to Monero. Why not buy Monero from the getgo?
my bch transaction is taking forever to confirm. i just wanna turn them into xmr.
>>5428415Main sellwall on Monero just dropped back to $350.
>>5441826Good luck m8. $300,000 buywall incoming.
>>5441826BCH WONT LET ME OUT EITHER AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA
>>5442084NOOOOOOOOOO STOP GOING UUUUPPPP MOOOOOOMMY WHYYYYYYYYYYY MAKE IT STOOOOOOOOOOP
Got my monero!
>>5442328Now put them shits in a paper wallet and chill.
>>5441826>>5442084I don't suppose anyone else sees the irony here.
>>5442328S-still waiting. How long did it take?
>>5442446Did you get your monero, Anon?.
>>5442806What exchange are you trying to get out of BCH on?
Zcoin is better
>>5442878The developers themselves have lost track of how many coins are actually in existence. The fuck outa here with that trash. Actually laughing.
>>5440614Yea the Monero fees need to get fixed, the stupid bullshit algorithm clearly will not work with such a limited supply and a lot of people just wanting to hide their wealth not actually use the network. They need a better algorithm for real
>>5443466The algorithm can't use price as a variable. There is no way for the Monero network to reliably obtain price information. It already scales dynamically with volume which is all that can be done without regular hard forks.
>>5428415other coins already do the things monero can do that aren't known as CP coins
>>5443984nice examples you got there
>>5443527We are all working very hard on it.Bittrex.com a40224d400824adf822dce55739519f9… 3313.444JUdGzvrMFDWrUUwY3toJATSeNwjn54LkCnKBPRzDu… 2008.27Bittrex.com 69c39e8832404f87928b810128366423… 1384.08Bittrex.com 8034f4bb15bb4540b14b6e16338f953c… 922.0848g9HasiKqS36AW747dr9AW6U3QjiovSfHomazZjk3… 603.2141nQsgi8TwKEVmfs6cgaxf5vVFa6Fmj4fdH3wLj4UQ… 452.38Bittrex.com 180c3792be9745dca8b8e63e46f5490d… 341.79Bittrex.com 354865bcd6314a44a3c60952b32d716f… 257.8743q8kQZhSvvRFjxCU1347vJ2pNvJQ95ghX4mSWHV5h… 227.5148gdMco8qi2id4dFLKwNTuHKEeN3XpxoW84jtZydQs… 223.2144tLjmXrQNrWJ5NBsEj2R77ZBEgDa3fEe9GLpSf2FR… 186.2247mr7jYTroxQMwdKoPQuJoc9Vs9S9qCUAL6Ek4qyNF… 127.7342KMA31hjPthvRyMw69cE337bC2y9qjF3LE69wL11t… 122.50437Z31UsvY8GM5AcAkPk2e9S56hbSMEU1K225AV2eo… 122.2147Ww8XzPmzg51sRRGRphYJefwV8D5WneEcGbqpuW3p… 111.9443XyJQ9nuZw4GLe22wNw7J9bzr2sNZVns9TZajtvdn… 102.6841sci114vcjjHiRniFo5nSfHCc84WaQSBYwbqX65ER… 101.134AT3AgrJEy12ZKhza4DBccftBYcAHyADPQ3YQbGw7L… 78.11Bittrex.com e970f2bf213c4264840c1235b3cd33f2… 74.0445nNBK7mVwdJPAsotXsyM39Xs2JDmwktfQnmTQNfx3… 71.42
>>5443984(Your) is a CP coin, tard. when the U'S. Gov. passes a law saying coins passing through those hands get black listed (you) are going to be the one getting, ah fucked, not the kiddies, and not Monero holders. What is Monero fungibility, Alex, for the daily double, and the Championship Win.
>>5435736>you can go to jail for simply failing to disclose an offshore account."Yes hello IRS, I see that I am being audited for undisclosed "gains" on my crypto to crypto trading but I've lost all of my funds in bad trades on Binance.com and have no earnings to report."Welp, that was easy.
>>5443466>>5443527At this price level xmr is not really usable as a currency. People need to be able to buy $billions worth of monero on a daily basis without moving the price, and that will require a much much higher market cap and trading volume.The price is a result of the required market cap. The market cap reflects the necessary money supply of the currency to meet the demand side. For which, these are the parameters: 1/ How much is stored in monero 2/ how much is being transacted 3/ velocity of money (how often is the same currency reused in a given time). The first two increases, the third one decreases the necessary money supply for the currency.As you said, price stability increases the value of the currency, but for that it is a prerequisite to have high volume and high market cap. So a price increase at this moment strengthens the future value of xmr.This is a chicken and egg problem. As a result, the first real users will be the "store of value"/"digital gold" type of users, who will not really mind the price increase. This early stage is inevitable to eventually make it more and more usable as a transacting currency. And later on when the transaction volume multiplies (in which speculators make a huge role) then we can slowly start to use it as a real currency.
>>5443021>>5443466So, that being said, what is (your) estimation of what the Market cap would need to be to make this a viable currency with the necessary velocity capacity?
>>5444514Checked. Now, whatever the needed cap, divide that by the number of coins and you have- HOLY SHIT GOING TO BUY ANOTHER ( UNKNOWN AMOUNT)!
>>5444476How would transaction volume multiply with extremely high fees? Even if a lot of people want to use it, they would be sure to make their transactions as infrequent as possible. And it would be unusable for many use cases, such as making purchases of any kind.It needs to be the other way around. Volume and price have to grow together. That way fees won't become prohibitive even at high prices.
>>5428808Sumo to moon
>>5444653Fees will reduce by 80% in a few days, allowing for a pretty quick 80% rise in price.
>>5444666Nice try, Satan.
>>5444712Pretty sure bulletproofs scheduled for March. If the price doubles by then I'm not too worried. I'll be worried if it hits like $2000 though.
>>5444666Satanic trips for sumo is quite appropriate. There is a some pretty scammy red flags going off with this oneThere are some quirks for sumokoin mining not so evident on mining monero. Time to time there's some strange peaks on nethash that can make predicting profitability bit difficult on long run. There's couple mentions of botnets on bitcointalk, also couple articles I could find suggesting said networks took advantage of slow difficulty adaption protocol had before, which is now fixed. Still the same peaks exists even though the protocol flaw cannot be taken advantage anymore.Way it worked was they started mining on low difficulty multiplying the nethash for as long as difficulty adapted and then stopped
>>5444833Gonna have some beta going in a few days.
>>5428415Info for those who got sucked in to the /signals/ verge pump and dump. I have their physical in New Hampshire if anyone is interested. For Academic Purposes.
>>5445351
I had a thought about this. I live in a country with no capital gains tax. What if I set up a cash out service: You send me your crypto, I sell and then make an international wire transfer to you. When the taxman comes knocking you say you 'lost' your crypto but are happy to pay taxes on this gift from a foreign extended relative, which should be much less than capital gains tax. Ignoring the trust and scam angle for now, how feasible would you guys say this is? Any pitfalls you could think of?
>>5445617I think there is a limit on how much you can claim is a non-taxable gift, like $14000. But for amounts under that, it could be viable assuming the scam/trust angle gets taken care of.
>>5428415Just thought I would share this little gem here from another thread
Can someone help me understand why a fork of monero like aeon would even be good? What do hard forks even provide that's so valuable that warrants the creation of a new blockchain? They couldn't agree on protocols or some other policy that they needed to make their own system that badly? Why stray from the top dog?Sorry if this sounds retarded I'm just trying to understand.
>>5445717It's 10,000 in the U.S
>>5446364Aeon takes the advanced Monero design, and hacks and chops it down to fit on a cellphone. Thats about it. It is the same as taking A 50,000 GVW truck designed to haul 30,000 pounds, and hacking enough metal off of it to haul the same load on a smaller road with thinner paving. Yup. Not safe. Not safe at all.
>>5430144Someone explain how this is possible? The second it gets thrown in an exchange wallet it gets mixed.
>>5446638>non-taxable giftIt's $14,000, right on the IRS website. $15,000 in 2018.
>>5446640That sounds like Aeon shouldn't even matter then given that Monero will be cutting fat to make itself way more efficient and lightweight in the next quarter. Da fuck?
>>5428415so this will moon like a fuck when people start doing taxes: buy before jan. 1, sell before apr. 15?
>>5446744Anon, I - the coin history is still traceable, no matter how many times it gets "mixed in and out of wallets, or any other container. they can be traced from the time of inception.. This is true for all coins but monero.Fungibility is a trait of a good or commodity with interchangeable individual units. For example, one ounce of pure gold is equivalent to any other ounce of pure gold. It does not matter in which “form” these ounces are traded. A bar of pure gold is the same as freshly minted pure gold or an ingot of pure gold. Currencies, as one would expect, are fungible as well, as it allows them to function in the real world on a global scale.It is important to note fungibility and liquidity are not the same by any means. Liquid goods or commodities can be exchanged for money or other different goods. Fungible assets or goods, however, require one unit of the asset to be substantially equivalent to another unit of the same asset of the same quality. To put this into simpler terms; a 10 EUR bill is fungible, as it can be interchanged for another 10 EUR bill, two 5 EUR bills, and so on.Bitcoin is proving to be a very different creature in this regard. It is not fungible in the traditional sense, although there are some caveats. Individual units of bitcoin have the same size. One bitcoin is as valuable as one bitcoin, and one Satoshi is as valuable as another Satoshi. However, bitcoins leave a trace on the blockchain. So-called “clean bitcoins” are worth slightly more than any other coin on the network, as they have no history linking ownership of the coins to that specific wallet address. Some people are willing to pay extra for “clean coins” by using mixing services.
>>5446828i have no problem living on 15k a year
>>5447000Bitcoin is proving to be a very different creature in this regard. It is not fungible in the traditional sense, although there are some caveats. Individual units of bitcoin have the same size. One bitcoin is as valuable as one bitcoin, and one Satoshi is as valuable as another Satoshi. However, bitcoins leave a trace on the blockchain. So-called “clean bitcoins” are worth slightly more than any other coin on the network, as they have no history linking ownership of the coins to that specific wallet address. Some people are willing to pay extra for “clean coins” by using mixing services.Moreover, bitcoin service providers, such as exchanges, can blacklist specific bitcoin wallet addresses. Any coins transferred to and from these addresses are worth less, due to their blacklisted status. The same principle applies to fiat currencies, though. Tracing and monitoring of any currency or asset makes it less than fully fungible. Keeping this knowledge in mind, it is crystal clear bitcoin is not anonymous, nor was it ever intended to be used as such.To make bitcoin succeed as a global payment network, fungibility needs to be ensured at all times. So far, this process has been quite challenging. Just last year, blockchain forensics service provider Elliptic raised money to identify bitcoin transactions. Coinbase, on the other hand, has become extremely strict regarding the acceptance of coins with a murky history. While companies and merchants are not necessarily using third-party blacklist services before accepting bitcoins, it is evident there is a lot of work to be done before bitcoin can be fungible
>>5428415>proof-of-workWhen the dust settles we will be lucky if ANY proof-of-work coins remain.Bitcoin alone already uses more electricity than most countries and it does not come close to handling the amount of money needed to be taken seriously by wall street.Monero is another shit coin. If there is a privacy coin based on ethereum/iota/burst let me know.
>buy a shit load of monero>slowly cash out in high quality narcotics and lifetime porn subscriptions from Zion or some other marketplace>sell drugs (easy 5-10x margins with DN prices)>Enjoy massive gains, a decent supply of black tar heroin and never pay taxesAlso got some druggy teenagers buying chunks with cash for this exact same purpose.Feels good to have a plan but my fucking daemon won't connect.
>>5431392What should you be using?
>>5445617Capital gains is 0/12/20 based on income, it's really not that bad
>>5447198Slower than shit and using up all my bandwidth.
>>5447086Back to your Marxist Communist echo chamber, please.
>>5447086>ethereum/iota/burstsimply lol
>>5447247Binance. 1/5th the fees plus based out of chinkland with no verification necessary for 2btc per day withdrawal limit. Use my code! 10056688
>>5433026>doesn't like to think that he's complicit in the downfall of the worldwide financial systembut you are
>>5447677just registered to binance with your code anon, cheers
>>5447491Wish I could get it to even start syncing
It is fitting to realize on Christmas day that buttcoin, being 100% traceable, is the crypto put forward by those who follow the screenplay in aiming for a cashless society, whereas privacy coins seem more and more likely to be the catalyst we've been waiting for.
>>5428606Lmao line 25 says "Moreno" nice try faggot
>>5449292Saw that. I did not put much stock in it. I have been involved in many cases over 40 years, including a case which was won against a State Government in The Supreme Court.. Typos are common. If (you) are insinuating that (I) generated the document, perhaps you should do some soul searching while staring in the mirror, and ask yourself, why would (I) expect this of my fellow being. Is it because that is what (I) would do?
>>5449292Ummm, chill Brah. We Moonin' ' s all good.
>>5449896800? or more?
>>5449896Fuck i just hope BTC doesnt just randomly fuck everything up
>>5450289Btc is coasting on a bot on a slow incline for now.
>>5450396Shit, so we are seeing 10k bitcoin soon?
>>5450267Depend on what those in control of the price think is healthy growth. There is enough demand where it could be $800 before New Year. Do I think that would be healthy sustainable growth? No $535 and a pullback to $493 just after new year would be healthy. Then a move toward $800 during the spring would be great. Pump and dumps are not healthy for any coin. It leaves them dead for 3 to 6 months, sometimes 8.
>>5450533ok, i'm still stucking with my MANA bag anyway
>>5432853Samt thing with human sacrifices and cheese-making.
>>5450431Welp, I have mostly been watching Binance for an indication of where we are going. the buying Algorithms controlling the buy pressure on BTC and Monero look exactly the same. We are currently broken out of a wedge on both. The double bottom on Monero on 12 / 22 was heavy and very pronounced. Signaling a pretty heavy upward trend. I have a feeling the end of year chaff has been winnowed. There is, however, a cautionary pattern saying there may be one more winnowing of the chaff before the real move up. Disclaimer. I bought back in to Monero at $334, and am staying the course, rise or fall.
>>5450577You should do ok there. I see Decentraland going places and becoming very popular. I just see that as a further off gain, and Monero as an immediate gain after the passage of the tax bill.
>>5450698Honest question: Can we trust Trump?
>>5450664Wow. It's late. Correction; I have been watching Bithumb for indications of where we are going. The Algorithms on Bittrex for BTC and monero look exactly the same. They are quite different on bithumb.
>>5450804How do you know that there is a bot controlling the price?
>>5450724Hmmmm. Loaded question.Trump has a very high IQ. I will never forget the look on his face after he received "The Lowdown" They always go in one person. That person dies in there, and another one comes out.. They will never be that previous person again. Ever. The Burden of knowledge. Moving on. Trump has been given an agenda, part of which he already had. That agenda involves re industrializing the U.S. We have lain fallow the requisite time. We will now cut through the red tape of regulation and begin once again producing durable goods.. Mines. Factories. Oil fields. True wealth will return.. We need brawn, brains, and tech. these can not be had while said talent sits in a basement trading crypto. there is a place for crypto, but it has moved on. It has become the venue of big money. Private small trading will be discouraged in the future. The Wild Wild west will continue for three and a half years now. make hay while the Sun Shines on Crypto, but i suggest you get a degree and or learn a trade in the interim, and sock away those crypto gains.
>>5450724How about FUCK DRUMPF.NO DRUMPF! NO WALL! NO USA AT ALL!
>>5450860There is a 133 and change wall on Monero on Bittrex. when the programmer making the offsets on the algo makes an input, you can see the reaction. when the price needs to be suppressed to control to much buy pressure, it will be a sell. when the price needs to be held up during a panic, it will be a buy.
>mfw taxman can’t take shit from me because all my savings are in XMRfeels fucking good ladsThe jews are scared as fuck
>>5450961>>5451008Thanks
>>5450969Anon, I -No Borders, no doors. Leave your light on and you front doors open at night to signify your support for Open Borders! Yeah, no. Get. The. Fuck. Out.
>being american
>>5428876not after december 31st im not