HODL til 2024 Crypto Bull Run

[Castle2.0]

I used to think I was a genius. But in reality, I was just surrounded by ignorance and shallow thinking.

Originally Posted by Botten

Because cryptocurrency exchanges have not previously been required to provide reports to their customers (like traditional brokers do), many taxpayers unknowingly failed to report their capital gains from cryptocurrencies, thus cheating the U.S. government out of tax income.*

In fact, legislators felt that underreporting of cryptocurrency gains was such a problem, IRS form 1040 now includes a new line that asked, At any time during the year, did you receive, sell, exchange, or otherwise acquire any financial interest in any virtual currency?

What is perceived as lying and not lying on your taxes. Crypto gives the appearance of an investment and what is the point if your investment when viewable value is now all fake. More so than before and worse in the future with more regulations coming.

To make sure you pay taxes on all the pirated movies and games you downloaded, and didn't pay for, the tax form should include this line:

At any time during 2020, did you download, store, watch otherwise acquire any pirated games or movies from any site? []Yes []No

Regulation of crypto will be much like regulation of torrenting: technically there, but pragmatically "opt-in" by self-reporting or using centralized services who keep track of what you are doing.

What did you expect there isn't exactly lobbiest fighting for the existence of crypto.

False. Try google.

And Global and US banks aren't going twiddle their thumbs. They are going to come off on top just like those getting out before the tumble.

FUD. See you in 2024. Sorry you will be poorer for your lack of vision, weakness to fear, and learned helplessness.

But I can see why your worried. You are a promoter and there is legislation being made to come after you too.

Not worried. Regulation is net positive for crypto. It allows old people to invest their retirement in bitcoin - already happening.

What can be regulated, will be: Central Exchanges, ETFs, investment advisors, IRAs, etc. What can't be regulated, won't be: DEX, blockchains, foreign exchanges.

Originally Posted by Gustoo

The big banks will either come out with full control of crypto somehow, or by destroying the legality of crypto everywhere it matters. All it would take is USA to say it is a crime to end it, and the senators and friends who knows the legislation is coming would cash out no problem and like all pyramid schemes be out clean as a whistle while others are holding the bag.

Problem is this stuff is driving a lot of "wealth creation" right now so I dunno maybe they wait till economy collapses to kill crypto at same time. Double down on the poverty.

Learn how blockchains work.

Also, see gold confiscation history.

Originally Posted by Whale

In order to be a regulator you gotta be handy with the steel if you know what I mean, earn your keep.

You were reduced by a tenth previously in this thread then exited. Feel free to watch from the sidelines on this cool black night or own up for your silliness.

[Gustoo]

Maybe crypto can keep having value if its hard to exchange for USD. Maybe?

I think people want to be able to exchange for common currency at favorable rates to do business legally. If its a black market exchange in BTC for USD to buy a home then it ain't gunna work out.

[Gustoo]

Good responses Castle thanks.

[Castle2.0]

Most people don't have much money, and their personal experience leads them to believe there isn't much money in the world.

The world is swimming in money.

BTC going to $10T market cap is easy.

Let this blow your mind: all the world's money visualized https://www.visualcapitalist.com/all...lization-2020/ (May 2020, but still relevant today)

[Tunabros]

cringe

[Gustoo]

Derivatives are more than the combined total of all other value aspects.

Seems like a good system we should expect to succeed for years to come.

[Jibartik]

Im pretty sure you could convince half the country to make bitcoin illegal.

[Castle2.0]

People that make money find a way.

People that don't make money think of all the reasons they can't make money or all the ways they could lose what little they have.

Cheers.

[Jibartik]

Your second point I 100% disagree with. Growing wealth doesn't come through diversification. It comes through heavily focused, smart investing. You need to "put your eggs all in one basket, then watch that basket."

https://www.addictioncenter.com/drug...er%20worldwide.

a diversified portfolio will last you the rest of your life, letting it ride will last you as long as you're lucky.

edit: that said if you want to go all in on BTC (after the next dip) then go for it, but remember to never forget how dumb you are for taking such a huge risk now instead of a smol one a few year ago! [You must be logged in to view images. Log in or Register.]

if you went all in around now last time, right now youd be like OHHHH I ALMSOT GOT MY INVESTMENT BACK OHHHHH PLZZ
HOLD PLZZZZZZZ!

I still think it wont break 75 before it craters again but I could be wrong, could go from here to 150 who the fuck knows wtf bitcoin does not castle not anyone lmao

[Castle2.0]

---You were here---
$2 it's a bubble
$30 it's a bubble
$1,300 it's a bubble
$10,000 its a bubble
$20,000 it's a bubble
$60,000 it's a bubble
--- You are here ---
$100,000 it's a bubble
$500,000 it's a bubble
$1,000,000 it's a bubble
...

If bitcoin is a bubble, when does it pop?