Bitcoin was the best-performing currency of 2016

[P@triot]

The IRS considers crypto currencies to be a form of property, which means that every crypto currency transaction, no matter how small, triggers a separate tax gain or loss.

I’ve got news for you sparky...the IRS considers every transaction with the American dollar, taxable. When my company hands me my salary, both myself and my corporation are taxed. When I go to your beloved Walmart and hand them money for their product, but Walmart and I are taxed.

As you continue to get more desperate, your posts continue to be dumber.

 

[P@triot]

I usually agree with you, but you are simply wrong on this one.

And yet I’m the one providing facts while you are posting “but...but...but...you are simply wrong”. Wow. Powerful evidence there.

Bitcoin - Wikipedia
Wikipedia › wiki › Bitcoin
Bitcoin is a cryptocurrency and worldwide payment system

 

[Redfish]

I usually agree with you, but you are simply wrong on this one.

And yet I’m the one providing facts while you are posting “but...but...but...you are simply wrong”. Wow. Powerful evidence there.

Bitcoin - Wikipedia
Wikipedia › wiki › Bitcoin
Bitcoin is a cryptocurrency and worldwide payment system

until you can go into a grocery store in the US, a bakery in France, or a electronics store in Japan and buy something, its not a currency. Until you can deposit them into your bank account and carry them in your pocket, its not a currency.

But feel free to put your real currency into it. I could not care less.

 

[P@triot]

Until you can deposit them into your bank account and carry them in your pocket, its not a currency.

Sorry chief...you don’t get to dictate to all of society what constitutes “currency”. Stop viewing everything like an uneducated grandparent from the 1920’s. Wire transfers cannot be “touched” but they are real transactions that count. Nothing is physical in the cyber realm - from email, to currency, to national security, but all of it is absolutely real and runs the world. Stop trying to hide in the 1970’s and join us in the new millennium.

 

[P@triot]

Until you can deposit them into your bank account and carry them in your pocket, its not a currency.

Uh...you can do both, sparky. So you just defeated your own position. You have a digital “wallet” for Bitcoin on the phone in your pocket and their are banks strictly for Bitcoin. Game over.

 

[Redfish]

Until you can deposit them into your bank account and carry them in your pocket, its not a currency.

Uh...you can do both, sparky. So you just defeated your own position. You have a digital “wallet” for Bitcoin on the phone in your pocket and their are banks strictly for Bitcoin. Game over.

OK, dude. go buy me a six pack of bud light with your bitcoin. you can ship it to me and pay UPS with the bitcoin coins in your pocket.

 

[BuckToothMoron]

Let me know when Amazon or Walmart accepts your bitcoin

Why do you move the goalposts every time you are proven wrong? First you state it wasn’t “currency”. When I showed you the definition of Bitcoin (accepted by the entire planet) was “currency” you moved the goalposts and stated “yeah...well...you can’t do your Christmas shopping with it”. When I proved you could do your entire Christmas shopping with it, you moved the goalposts yet again to freaking Walmart. So now something is only currency in your mind if Walmart accepts it?

You’re immature. Your child-like ego can’t get you to admit you were wrong and you’re too proud to walk away...so now you sit here and argue against reality like an idiot. Bitcoin is currency. That’s a fact. It’s accepted by major corporations around the world like Microsoft and Subway. That’s a fact. And you need to grow up and just admit when you were wrong. That too is a fact.

Ok, you’re the grown up here who is Believing in a currency you can’t see feel or touch, or walk into 99.9% of stores on the planet and purchase something. Great currency you have their mister grown up.

 

[BuckToothMoron]

Let me know when Amazon or Walmart accepts your bitcoin

Why do you move the goalposts every time you are proven wrong? First you States it wasn’t “currency”. When I showed you the definition of Bitcoin (accepted by the entire planet) was “currency” you moved the goalposts and stated “yeah...well...you can’t do your Christmas shopping with it”. When I proved you could do your entire Christmas shopping with it, you moved the goalposts yet again to freaking Walmart. So now something is only currency in your mind if Walmart accepts it?

You’re immature. Your child-like ego can’t get you to admit you were wrong and you’re too proud to walk away...so now you sit here and argue against reality like an idiot. Bitcoin sim currency. That’s a fact. It’s accepte by major corporations around the world like Microsoft and Subway. That’s a fact. And you need to grow up and just admit when you were wrong. That too is a fact.

I usually agree with you, but you are simply wrong on this one.

He is wrong but will never admit it, because he is in waaaaaay to deep.

 

[BuckToothMoron]

The IRS considers crypto currencies to be a form of property, which means that every crypto currency transaction, no matter how small, triggers a separate tax gain or loss.

I’ve got news for you sparky...the IRS considers every transaction with the American dollar, taxable. When my company hands me my salary, both myself and my corporation are taxed. When I go to your beloved Walmart and hand them money for their product, but Walmart and I are taxed.

As you continue to get more desperate, your posts continue to be dumber.

WTF are you talking about? How in the world does the IRS tax you for buying something from Walmart? You really need to stop.

 

[P@triot]

Let me know when Amazon or Walmart accepts your bitcoin

Why do you move the goalposts every time you are proven wrong? First you state it wasn’t “currency”. When I showed you the definition of Bitcoin (accepted by the entire planet) was “currency” you moved the goalposts and stated “yeah...well...you can’t do your Christmas shopping with it”. When I proved you could do your entire Christmas shopping with it, you moved the goalposts yet again to freaking Walmart. So now something is only currency in your mind if Walmart accepts it?

You’re immature. Your child-like ego can’t get you to admit you were wrong and you’re too proud to walk away...so now you sit here and argue against reality like an idiot. Bitcoin is currency. That’s a fact. It’s accepted by major corporations around the world like Microsoft and Subway. That’s a fact. And you need to grow up and just admit when you were wrong. That too is a fact.

Ok, you’re the grown up here who is Believing in a currency you can’t see feel or touch, or walk into 99.9% of stores on the planet and purchase something. Great currency you have their mister grown up.

Whether you like the currency or not is not the issue. It’s still a currency. By every metric available it is a currency. That is the bottom line.

Now...of you want to discuss whether or not it is a good currency, we can do that. In fact, I think that would be a very good discussion to have.

 

[P@triot]

The IRS considers crypto currencies to be a form of property, which means that every crypto currency transaction, no matter how small, triggers a separate tax gain or loss.

I’ve got news for you sparky...the IRS considers every transaction with the American dollar, taxable. When my company hands me my salary, both myself and my corporation are taxed. When I go to your beloved Walmart and hand them money for their product, but Walmart and I are taxed.

As you continue to get more desperate, your posts continue to be dumber.

WTF are you talking about? How in the world does the IRS tax you for buying something from Walmart? You really need to stop.

When I buy something from Walmart, that is a sale for them. It is a profit. All of their sales/profits are taxed by the IRS. You’ll understand once you reach high school.

 

[P@triot]

OK, dude. go buy me a six pack of bud light with your bitcoin.

And another one suddenly moves the goalposts. Now the ability to purchase alcohol is the criteria for currency, uh Red?

At the moment - you sound like a stone-cold progressive. Ignoring reality, creating your own definitions, and focusing on mind altering substances. Never thought I would see the day that you would act like a left-wing lunatic.

 

[AntonToo]

This speaks volumes. People have rightfully lost all faith in government due to the endless corruption. They manipulate currency. They endlessly print more of it. They take as much of it from the people as they want.

Times....they are a change'n. We are seeing a resurgence of the independent patriot who will not be a slave to a monarchy. Even finding new ways to operate in the modern world without government printed currency. I wonder if this will eventually become the exclusive currency of the future?

Bitcoin Was the Best-Performing Currency of 2016

Ignoramus go try to buy ANYTHING on bitcoin (not dollar) basis. It's a failure as a currency in it's own right as there is no way to price anything when it's value jumps up and down by 20% on any given day.

Bitcoin is failing as a currency

It's been a good year for bitcoin investors but a terrible one for those who hoped that the cryptocurrency would become the de facto tender for the internet. Satoshi Nakamoto, its creator, may be dismayed at what has become of the project, intended as peer-to-peer electronic cash that didn't require the supervision of banks. Instead, bitcoin has become an investment vehicle, embraced by many on Wall Street, an asset class like every other. For all the success of the blockchain and bitcoin's soaring value, it's clear that Nakamoto's original vision has failed.

 

[P@triot]

This speaks volumes. People have rightfully lost all faith in government due to the endless corruption. They manipulate currency. They endlessly print more of it. They take as much of it from the people as they want.

Times....they are a change'n. We are seeing a resurgence of the independent patriot who will not be a slave to a monarchy. Even finding new ways to operate in the modern world without government printed currency. I wonder if this will eventually become the exclusive currency of the future?

Bitcoin Was the Best-Performing Currency of 2016

Ignoramus go try to buy ANYTHING on bitcoin (not dollar) basis. It's a failure as a currency in it's own right as there is no way to price anything when it's value jumps up and down by 20% on any given day.

Some people would agree with you. Some wouldn’t. At the end of the day, there is no disputing that it was the single best performing currency of 2016 (and it is likely that it will be again in 2017).

The sad part is, you’re not denouncing Bitcoin based on sound economic analysis. Rather, you are denouncing it because as a devout socialist/marxist, you’re enraged that the government doesn’t control it and can’t manipulate it.

 

[AntonToo]

This speaks volumes. People have rightfully lost all faith in government due to the endless corruption. They manipulate currency. They endlessly print more of it. They take as much of it from the people as they want.

Times....they are a change'n. We are seeing a resurgence of the independent patriot who will not be a slave to a monarchy. Even finding new ways to operate in the modern world without government printed currency. I wonder if this will eventually become the exclusive currency of the future?

Bitcoin Was the Best-Performing Currency of 2016

Ignoramus go try to buy ANYTHING on bitcoin (not dollar) basis. It's a failure as a currency in it's own right as there is no way to price anything when it's value jumps up and down by 20% on any given day.

Some people would agree with you. Some wouldn’t. At the end of the day, there is no disputing that it was the single best performing currency of 2016 (and it is likely that it will be again in 2017).

The sad part is, you’re not denouncing Bitcoin based on sound economic analysis. Rather, you are denouncing it because as a devout socialist/marxist, you’re enraged that the government doesn’t control it and can’t manipulate it.

You still don’t get it - it was a best performing INVESTMENT ASSET, not best performing currency

As a currency, meaning a medium of exchange, nothing beats US dollars.

 

[BuckToothMoron]

Let me know when Amazon or Walmart accepts your bitcoin

Why do you move the goalposts every time you are proven wrong? First you state it wasn’t “currency”. When I showed you the definition of Bitcoin (accepted by the entire planet) was “currency” you moved the goalposts and stated “yeah...well...you can’t do your Christmas shopping with it”. When I proved you could do your entire Christmas shopping with it, you moved the goalposts yet again to freaking Walmart. So now something is only currency in your mind if Walmart accepts it?

You’re immature. Your child-like ego can’t get you to admit you were wrong and you’re too proud to walk away...so now you sit here and argue against reality like an idiot. Bitcoin is currency. That’s a fact. It’s accepted by major corporations around the world like Microsoft and Subway. That’s a fact. And you need to grow up and just admit when you were wrong. That too is a fact.

Ok, you’re the grown up here who is Believing in a currency you can’t see feel or touch, or walk into 99.9% of stores on the planet and purchase something. Great currency you have their mister grown up.

Whether you like the currency or not is not the issue. It’s still a currency. By every metric available it is a currency. That is the bottom line.

Now...of you want to discuss whether or not it is a good currency, we can do that. In fact, I think that would be a very good discussion to have.

Ok, fine. My position is that bitcoin is as good and viable as a currency as pop tarts. I suppose somewhere in the world, like prison, you can buy something with a pop tart. Pop tarts do have the likely advantage of having a fairly consistent value, where as bitcoin......well let’s just say the value changes significantly on a daily if not hourly basis.

 

[fncceo]

I think it is a good idea! One world currency for all.

There already is ...

 

[BuckToothMoron]

Let me know when Amazon or Walmart accepts your bitcoin

Why do you move the goalposts every time you are proven wrong? First you state it wasn’t “currency”. When I showed you the definition of Bitcoin (accepted by the entire planet) was “currency” you moved the goalposts and stated “yeah...well...you can’t do your Christmas shopping with it”. When I proved you could do your entire Christmas shopping with it, you moved the goalposts yet again to freaking Walmart. So now something is only currency in your mind if Walmart accepts it?

You’re immature. Your child-like ego can’t get you to admit you were wrong and you’re too proud to walk away...so now you sit here and argue against reality like an idiot. Bitcoin is currency. That’s a fact. It’s accepted by major corporations around the world like Microsoft and Subway. That’s a fact. And you need to grow up and just admit when you were wrong. That too is a fact.

Ok, you’re the grown up here who is Believing in a currency you can’t see feel or touch, or walk into 99.9% of stores on the planet and purchase something. Great currency you have their mister grown up.

Whether you like the currency or not is not the issue. It’s still a currency. By every metric available it is a currency. That is the bottom line.

Now...of you want to discuss whether or not it is a good currency, we can do that. In fact, I think that would be a very good discussion to have.

Ok, fine. My position is that bitcoin is as good and viable as a currency as pop tarts. I suppose somewhere in the world, like prison, you can buy something with a pop tart. Pop tarts do have the likely advantage of having a fairly consistent value, where as bitcoin......well let’s just say the value changes significantly on a daily if not hourly basis.

The IRS considers crypto currencies to be a form of property, which means that every crypto currency transaction, no matter how small, triggers a separate tax gain or loss.

I’ve got news for you sparky...the IRS considers every transaction with the American dollar, taxable. When my company hands me my salary, both myself and my corporation are taxed. When I go to your beloved Walmart and hand them money for their product, but Walmart and I are taxed.

As you continue to get more desperate, your posts continue to be dumber.

WTF are you talking about? How in the world does the IRS tax you for buying something from Walmart? You really need to stop.

When I buy something from Walmart, that is a sale for them. It is a profit. All of their sales/profits are taxed by the IRS. You’ll understand once you reach high school.

Yea, they are taxed. You are not. You said “....Walmart and I are taxed”. Read your post again.

 

[BuckToothMoron]

I think it is a good idea! One world currency for all.

There already is ...

Yep, it’s been the Reserve currency post WW2.

 

[Redfish]

OK, dude. go buy me a six pack of bud light with your bitcoin.

And another one suddenly moves the goalposts. Now the ability to purchase alcohol is the criteria for currency, uh Red?

At the moment - you sound like a stone-cold progressive. Ignoring reality, creating your own definitions, and focusing on mind altering substances. Never thought I would see the day that you would act like a left-wing lunatic.

if you want to put your money in a fake currency, go right ahead. I will keep mine in dollars, pounds, and euros.