Oh, I get it. They want centralization just like the corrupt system they represent and come from. It's going to be a little harder to do with crypto, IMO- besides people that are in it for the money, there's a huge portion that's in it for the self sovereignty and freedom from the legacy system. Decentralized/no KYC exchanges, privacy coins, hardware wallets- it's going to be hard to outlaw/regulate all of that..
Part of the problem is those who just give in and bend the knee....
Bitcoin Price Tracking & Discussion -- 2025
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Lark Davis covered some of this in one his latest videos. Someone mentioned in the comments this may be only for the ultra rich but if it passes, you can bet it will trickle down to the little guy eventually.
As it stands now, if I'm reading it correctly, 15% is the going rate for long term capital gains. This is good for up to $518K. That's not too terribly bad (if you're going to play their game). I'm going to check with my CPA but I believe this is accurate.
For tax year 2025, long-term capital gains will be taxed at 0%, 15% and 20%. While short-term capital gains will be taxed as ordinary income.
As for the Samurai guys, man, they are just software devs. Coders. Someone needs to take a stand against the out-of-control DOJ and what they are doing to crypto. The USA gets more tryannical by the day....
Blackrock is talking like they want to get a little more involved in crypto and Fink is pushing for a crypto system with digital ID.... Uh, no. They can join the party but they don't get to make the rules...
Fink gets to choose the technologies/the blockchains with most upside, like Bitcoin and Ethereum, and create products based on them, as they please. If they want an ETF approved, they'll pay the lobbyists and get it done. They have the resources to do what's in the best interest of their investors.
If you disagree, Dubai will certainly be happy to grant you a passport. But thinking that Blackrock doesn't get to make the rules, to me, is just delusional.Leave a comment:
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Samouria Wallet, a bitcoin mixer, founders arrested. Biden wants an unrealized capital gains tax of 25% and a 45% capital gains tax. Taxing unrealized gains forces you to sell to pay your taxes. A lot of crypto people from the US will move to Dubai or Puerto Rico. I'll move if unrealized is passed. IRS is now using AI to look into our bank accounts without a warrant.
All that said, I agree with homie in that the only thing that will stop this run is WWIII. The rest are hiccups.
As it stands now, if I'm reading it correctly, 15% is the going rate for long term capital gains. This is good for up to $518K. That's not too terribly bad (if you're going to play their game). I'm going to check with my CPA but I believe this is accurate.
For tax year 2025, long-term capital gains will be taxed at 0%, 15% and 20%. While short-term capital gains will be taxed as ordinary income.
As for the Samurai guys, man, they are just software devs. Coders. Someone needs to take a stand against the out-of-control DOJ and what they are doing to crypto. The USA gets more tryannical by the day....
Blackrock is talking like they want to get a little more involved in crypto and Fink is pushing for a crypto system with digital ID.... Uh, no. They can join the party but they don't get to make the rules...Leave a comment:
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Samouria Wallet, a bitcoin mixer, founders arrested. Biden wants an unrealized capital gains tax of 25% and a 45% capital gains tax. Taxing unrealized gains forces you to sell to pay your taxes. A lot of crypto people from the US will move to Dubai or Puerto Rico. I'll move if unrealized is passed. IRS is now using AI to look into our bank accounts without a warrant.
All that said, I agree with homie in that the only thing that will stop this run is WWIII. The rest are hiccups.Leave a comment:
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provided no reply from Iran on the Isfahan attack then we should find a BTC floor at ~$65K and then it is up to Big Tech earnings starting this week to get us a a leg up from here or perhaps the other wayLeave a comment:
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The withdrawal method can really be anything as the book is sending it back to you and has to deal with the fees. Most books make you cashout the same way you deposited, so many times you won't have an option but some allow you to withdraw a different method from your deposit.
The big thing is the deposit method when sending to books and Bitcoin is rarely, if ever, the cheapest/fastest option for that.Leave a comment:
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I thought it was an error at first so logged out and in then came on here looking for answers glad i did. Yea i transferred that to Litcoin and went through lightning fast way better price same procedure sending it so i guess i will use that for a withdraw assuming it is allowed
The big thing is the deposit method when sending to books and Bitcoin is rarely, if ever, the cheapest/fastest option for that.Leave a comment:
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I looked around. People were paying $89 and more. Sometimes fees are cheaper if you do transfers off hours in the US, middle of the night.Leave a comment:
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Ok so i converted it to Litcoin i will try that and it looks way better with feesLeave a comment:
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This seems to be manipulation of fees to me.
No way regular demand has pushed them so high.
Worrying if miners do have a way to do that I think.
Just have to wait and see Cappy. With no one being able to send low amounts you'd think demand would drop fast, and hence fees too.Leave a comment:
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Been moving 3K at a time from Wagerweb which Bitcoin is the only crypto option to another wallet. The fees are around 15 dollars sending that 3K to another book, I thought I had it rough lol.Leave a comment:
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A grizzled vet gambler like yourself should know to use Litecoin or Bitcoin Cash for offshore deposits/payouts...fees way lower and faster as wellLeave a comment:
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This seems to be manipulation of fees to me.
No way regular demand has pushed them so high.
Worrying if miners do have a way to do that I think.
Just have to wait and see Cappy. With no one being able to send low amounts you'd think demand would drop fast, and hence fees too.
Respect to Biggie, I know he's knowledgeable. Just not sure I've seen anyone else share that opinion.Leave a comment:
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that is just bitcoin being bitcoin..... a big ponzi for the ultra rich dont worry 100k soonLeave a comment:
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No way regular demand has pushed them so high.
Worrying if miners do have a way to do that I think.
Just have to wait and see Cappy. With no one being able to send low amounts you'd think demand would drop fast, and hence fees too.Leave a comment:
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I am totally confused. I just saw this wondering if it was an error sending $192 they want an $89 fee is this what you guys are talking about ? I do not want to send it at that rate do i just hold on to it do you guys think this will get back to normal again soon?Leave a comment:
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The USA is knee deep in all this. I fear the worst. Have a plan.....
Having said that, there was a nice bounce back for BTC....
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The halving might just be another day in crypto. They say it takes a while (months?) for the change to effect the market....Leave a comment:
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