Re: Bitcoin clears 20k
[Re: SNIPERBBB]
#7286264
06/14/21 02:10 PM
06/14/21 02:10 PM
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Joined: Jul 2016
Posts: 296 NE Wisconsin
DecoyMacoy
trapper
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trapper
Joined: Jul 2016
Posts: 296
NE Wisconsin
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I don't think Elon owns Bitcoin himself. That big purchase was by Tesla which is a publicly traded company.
Yes. I edited my post to reflect this. While Musk has a mammoth amount of control over Tesla (many CEO of publicly traded co's do not) I should have been more specific to Tesla's BTC not Musk personal holdings, if any.
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Re: Bitcoin clears 20k
[Re: SNIPERBBB]
#7337563
08/23/21 12:15 PM
08/23/21 12:15 PM
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Joined: Feb 2010
Posts: 8,535 Henderson, N.Y. Jefferson Co.
walleyed
trapper
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trapper
Joined: Feb 2010
Posts: 8,535
Henderson, N.Y. Jefferson Co.
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Breached 50k this morning Wait a minute !!! I thought Jbyrd63 proclaimed bitcoin dead & buried ? w
"Provisional/Interim" member of NYS Trappers Association Jefferson Co. Fur Harvesters
I Support Non-Resident Trapping
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Re: Bitcoin clears 20k
[Re: SNIPERBBB]
#7337627
08/23/21 01:53 PM
08/23/21 01:53 PM
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Joined: Mar 2016
Posts: 913 North Carolina
DaYooper14
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trapper
Joined: Mar 2016
Posts: 913
North Carolina
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Don't listen to geographically confused Kentuckians priceless
-- It seems all of Greece knows what is the right thing to do, but it is only the Spartans that do anything about it. --
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Re: Bitcoin clears 20k
[Re: walleyed]
#7372181
10/05/21 07:33 PM
10/05/21 07:33 PM
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Joined: May 2010
Posts: 10,471 mn north of blakely
Steven 49er
trapper
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trapper
Joined: May 2010
Posts: 10,471
mn north of blakely
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Breached 50k this morning Wait a minute !!! I thought Jbyrd63 proclaimed bitcoin dead & buried ? w More than once.
"Inflation is always and everywhere a monetary phenomenon". Milton Friedman.
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Re: Bitcoin clears 20k
[Re: SNIPERBBB]
#7372201
10/05/21 07:56 PM
10/05/21 07:56 PM
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Joined: May 2010
Posts: 10,471 mn north of blakely
Steven 49er
trapper
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trapper
Joined: May 2010
Posts: 10,471
mn north of blakely
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Oh and any profits made by selling cryptocurrency has always been a taxable event
"Inflation is always and everywhere a monetary phenomenon". Milton Friedman.
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Re: Bitcoin clears 20k
[Re: charles]
#7372222
10/05/21 08:15 PM
10/05/21 08:15 PM
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Joined: Dec 2006
Posts: 17,635 Rodney,Ohio
SNIPERBBB
OP
trapper
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OP
trapper
Joined: Dec 2006
Posts: 17,635
Rodney,Ohio
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If governments can't regulate its fluctuations, or tax its profits, why would we assume it will ever be a legal tender in any country. Imagine if a barrel of oil was tied to Bitcoin. How would transportation possibly budget their business? How would you operate any business that used fuel? How would you bid on contracts if you had no way to hedge the currency swings? C'mon man. Crypto profits are capital gains, though I would assume the people mining it might might have some fancy accounting to determine the tax liabilities. El Salvador has basically made Bitcoin their official currency. "Normal" currencies fluctuate all the time.
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Re: Bitcoin clears 20k
[Re: SNIPERBBB]
#7373646
10/07/21 11:25 AM
10/07/21 11:25 AM
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Joined: May 2010
Posts: 10,471 mn north of blakely
Steven 49er
trapper
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trapper
Joined: May 2010
Posts: 10,471
mn north of blakely
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If bitcoin remains extremely volatile like it has been it won't make it a viable medium of exchange for the masses
"Inflation is always and everywhere a monetary phenomenon". Milton Friedman.
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