Bitcoin bear market

R

recession2016

So, then, I hope none of you are holding long in this bear market. It's been a sell when it failed to hold $1000, and it's quite possible that scamcoin/pump&dump coin/etc will see $100 sometime this year.

Tulips 2.0

I hope none of you fell for the scam that scamcoin was going to be $40,000 one day. It's a typical pump and dump scheme.
 
How big is going to be the tax on BTC every time you turn USD
into BTC?

If the tax is to big, paying with BTC is going to be more expensive that
paying using your Visa or MasterCard, who's going to spend extra money
for the privilege of using BTC as payment option.

If the tax is to big this is a real problem for Digital currency.
 
Bac0n said:
If the tax is to big this is a real problem for Digital currency.
More...

Not really.... Tax is ONLY applied if BTC is rising in price (if using it as currency you will earn about 25% less), but you also get a tax-reduction if price goes down.

For months all the nay-sayers told us: "the Volatility is too big to use bitcoin as a currency"... Well, this Tax-ruling works, for the consumer, as a Hedge against volatility!
 
Wide Tailz said:
Any bitcoin bugs have the ballz to buy on support? :D
More...

Better question is: do you have the balls to go short here?

I'm already loaded (and will Hold till 2016)... but if it panic-drops below $300, for some irrelevant reason, I will reconsider buying more.
Till Summer (until BitLicenses and NY exchanges will open doors) you have a window to jump in, thereafter my guess is that we will run up again with speed.
 
Hoi said:
Better question is: do you have the balls to go short here?
More...

That would be a stupid trade, because the blowoff parabola with capitulation volume happened a lot higher. I would have taken profits a long time ago, had I been short.

If it were a normal stock it might be a buy at $400, for a quick pop. But I don't trade gay securities :eek:
 
Wide Tailz said:
Any bitcoin bugs have the ballz to buy on support? :D
More...

I continue to buy small amounts frequently, yet my cost basis is effectively zero. I buy more litecoin every now and then, also, but my average cost basis on litecoin is in the high teens.
 
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