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re: Official CryptoTalk Thread

Posted on 7/26/21 at 8:46 am to
Posted by Hangit
The Green Swamp
Member since Aug 2014
39507 posts
Posted on 7/26/21 at 8:46 am to
It might pop down 10% again. It seems like a decent buy spot, unless it does it quickly. We will have to see how BTC is manipulated, and what role FOMO plays. I am hoping the left coast is emotional, upon waking.
Posted by Hangit
The Green Swamp
Member since Aug 2014
39507 posts
Posted on 7/26/21 at 8:49 am to
quote:

quick google found them


I also am wondering, if once implemented, what acceptance? I guess any publicity is good publicity.
Posted by TheDuke5524
Baton Rouge
Member since Jun 2015
1069 posts
Posted on 7/26/21 at 9:13 am to
I think the FOMO will be real today and help for a 40K push. ETH 2.4~2.5k along those lines as well.
Posted by rocket31
Member since Jan 2008
41819 posts
Posted on 7/26/21 at 9:25 am to
will be curious to see what Tesla says about it
Posted by TheDuke5524
Baton Rouge
Member since Jun 2015
1069 posts
Posted on 7/26/21 at 9:34 am to
What time is earnings report released? End of trading hours?
This post was edited on 7/26/21 at 9:34 am
Posted by BottomlandBrew
Member since Aug 2010
27235 posts
Posted on 7/26/21 at 10:05 am to
4:30 central.
Posted by rocket31
Member since Jan 2008
41819 posts
Posted on 7/26/21 at 10:25 am to
the Bitcoin payments thing was always a meme but I'm guessing Elon adds it back soon
Posted by BottomlandBrew
Member since Aug 2010
27235 posts
Posted on 7/26/21 at 10:46 am to
Maybe someone can explain this one to me. Let's pretend I want to buy a Tesla with bitcoin, how does that work from a tax perspective? Say I bought a bitcoin for $10,000 a while back, but now it's worth $50,000. Then assume a new Tesla costs $50,000. Do I owe the capital gains tax on the $40,000 when I buy a Tesla with it?
Posted by TigerTatorTots
The Safeshore
Member since Jul 2009
80841 posts
Posted on 7/26/21 at 10:52 am to
You'd have to pay taxes on the $40,000 gain.

Paying in Bitcoin right now is really dumb
Posted by TheOcean
#honeyfriedchicken
Member since Aug 2004
42618 posts
Posted on 7/26/21 at 11:17 am to
Yes, you would pay long term cap gains on the difference between $50,000 and $10,000.
Posted by Nonetheless
Luka doncic = goat
Member since Jan 2012
33030 posts
Posted on 7/26/21 at 11:38 am to
Amp popping off
Posted by FlyinTiger93
Member since May 2010
3613 posts
Posted on 7/26/21 at 12:01 pm to
Watching AMP. I have been curious to see where it can go, but tempted to sell if it reaches $0.095.
Posted by TigerTatorTots
The Safeshore
Member since Jul 2009
80841 posts
Posted on 7/26/21 at 2:15 pm to
$40k let forking go
Posted by Huge Richard
Member since Dec 2018
3743 posts
Posted on 7/26/21 at 2:19 pm to
Posted by TigerDeBaiter
Member since Dec 2010
10275 posts
Posted on 7/26/21 at 2:20 pm to
Waiting for this one to come in..
Posted by TheDuke5524
Baton Rouge
Member since Jun 2015
1069 posts
Posted on 7/26/21 at 2:22 pm to
Yugeeeeeee
Posted by rocket31
Member since Jan 2008
41819 posts
Posted on 7/26/21 at 2:22 pm to
up 18% in 24 hours, havent seen that in awhile.
Posted by BottomlandBrew
Member since Aug 2010
27235 posts
Posted on 7/26/21 at 2:26 pm to
BTC just smashed through $40k like the koolaid man.
Posted by jimbeam
University of LSU
Member since Oct 2011
75703 posts
Posted on 7/26/21 at 2:28 pm to
Posted by rocket31
Member since Jan 2008
41819 posts
Posted on 7/26/21 at 2:30 pm to
bitcoin is up more today than gold is over the last decade, lol

lesson there
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