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File: 823 KB, 901x396, usdt.png [View same] [iqdb] [saucenao] [google]
2590733 No.2590733 [Reply] [Original]

So what happens if the BTC price crashes or if it forks on august 1 and I've got all my crypto saved in USDT?

>> No.2590763

>>2590733
>crypto backed by dollars

Why not just keep your dollars? Whos the dumb shits that think crypto backed in hard assets is a good idea? Even worse, crypto backed by fiat, thats sage worthy.

>> No.2590781

>>2590763
Why not just keep your dollars?
Because taxes.

>> No.2590801

>>2590733
Correct me if I'm wrong but isn't BTC going through segwit instead of hard forking?

>> No.2590811

>>2590801
You are correct but OP is a bit slow

>> No.2590812
File: 7 KB, 225x225, 1496177624564.jpg [View same] [iqdb] [saucenao] [google]
2590812

USDT WILL MOON CUZ ALL PPL WILL DO THE SAME IT WILL TRIPLE IN PRICE BUY AND HOLD USDT!!!!

>> No.2590819
File: 21 KB, 166x148, IMG_7123.jpg [View same] [iqdb] [saucenao] [google]
2590819

>>2590763
He thinks cash is an asset

>> No.2590842

>>2590763
a safe store of value when trading on an exchange.
why cash out and pay the tax man when you can just temporarily store it in USDT at a small loss.

>> No.2590850

>>2590819
That was the point.

>> No.2590865
File: 53 KB, 682x446, Bitcoin Doubler.jpg [View same] [iqdb] [saucenao] [google]
2590865

Just use the Bitcoin Doubler service!
1KKEb2F4YKmkrNGWubof9zgiobHpD6KJ4t

>> No.2590942

>>2590842
You have to pay the taxman either way

>> No.2590983

>>2590850
But it isn't.
That's my point.

Take an ECON class, anon

>> No.2590992

>>2590865
holy shit it works!

>> No.2591003

>>2590983
Thats the point dumbshit.

>> No.2591051
File: 963 KB, 500x282, moneh.gif [View same] [iqdb] [saucenao] [google]
2591051

while you faggots are wasting money on other coins I'm making a killing by buying low starting coins for short term profits. Right now korecoin is super hot and just went up 400%. This will prob hit $20-30 by tomorrow.

>> No.2591062

>>2591051
>Implying we dont have Kore

>> No.2591085

>>2590811
From what I understand segwit could very likely cause bitcoin to fork. It's not a soft fork like lightening.

Recent ominous tweets from prominent bitcoin evangelists only enforces that line of thought, I think.

>> No.2591102

>>2590865
damn i sent my ETC and now i am out of ETC :(

>> No.2591982

>>2590865
guys this is not a drill it works

>> No.2592138

>>2590781
boy, you will be in for a treat once it gets hammered through your thick fucking skull that all trades are taxable, not just the ones going to fiat. not even going to try to convince you, just hire an accountant.

>> No.2592362

>>2590801
>>2590811
>>2591085
segwit =/= segwit2x, segwit2x is the hardfork if I'm not mistaken.

>> No.2592401

>>2592362
plus there will be nodes signaling BIP184. plus once segwit2x is activated people may refuse to raise blocksize. there's a whole lot of shit that can go wrong and th only thin that's happens is ~80% has verbally said they'd signal segwit2x, but 90% of them are crooks and liars.

>> No.2592941

>>2592138
LOL k.

>> No.2592988

>>2592138
yes yes report your decentralized trades and gains to the IRS be a good goyim.

it's not like crypto was created for this very reason