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The Lunatic Fringe - Trading talk.

Goldhedge

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Crypto couple tells court the IRS has no right to tax newly mined coins​

Coins earned by staking have been “created” and are not taxable until sold according to one couple in the U.S.

A couple investing in crypto have claimed that coins gained by mining or staking are not taxable until sold, in a complaint filed to federal court.

The Tennessee couple are seeking a refund from the Internal Revenue Service (IRS) and filed a complaint with the U.S. District Court for the Middle District of Tennessee on Tuesday, May 25.

Joshua and Jessica Jarrett claim that earnings from staking are not taxable transactions because they constitute the creation of property. They compared this to a baker making a cake or an author writing a novel.

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Lancers32

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Found this ironic. :don't know:
E2YPod9XEAElp05.jpg
 

Cigarlover

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The Real Point Of Cryptocurrencies Is Not Their Price​

BY JOHN RUBINO ◆ MAY 26, 2021

The Wall Street Journal recently posted an email conversation between columnist Andy Kessler and billionaire Mark Cuban in which Cuban explains the real point of cryptocurrencies. Hint: It has nothing to do with the price of bitcoin or ethereum.



There are at least two takeaways from this. First, notice that — in a discussion of cryptos — bitcoin is never mentioned. Is the “digital gold” thesis still valid?

Second, is ethereum 2.0 — the one with radically lower transaction costs — the real crypto investing story? Or is it a kind of stock exchange, necessary but secondary to the ventures that emerge from it? And if so, what is it actually worth? Stay tuned.

The blockchain is where the real value is. Not sure how to play that.
This whole space is moving very rapidly. Lots of chatter about definitely now.. Not even sure what that is but lots of people talking about it. Hard to follow all of it though.
My understanding is that etherium is where the real development work is going on. Like cryptos though, I just don't understand it enough to invest in it.
 

Lancers32

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The blockchain is where the real value is. Not sure how to play that.
This whole space is moving very rapidly. Lots of chatter about definitely now.. Not even sure what that is but lots of people talking about it. Hard to follow all of it though.
My understanding is that etherium is where the real development work is going on. Like cryptos though, I just don't understand it enough to invest in it.

Some think Eth is Silver BTC is Gold. Over time they will most likely trend together.
 

Lancers32

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We must be living in an alternate time line.
 

dpong

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Goldhedge

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Like cryptos though, I just don't understand it enough to invest in it.
That's my hesitancy as well.

I've heard you should stick to what you know and not venture out like Christopher Columbus looking for the new land.
 

dpong

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I found out today that one of my libertarian friends/blogger/hero has passed away.

For that reason I will self-indulge the following statement:

The idea of limited government is like wanting the services of a prostitute, but only one of the very highest moral character.
 

Cigarlover

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Didn't recognize these two ass clowns without the diaper.

So money for everyone but tax increases for corps and those earning over 400k.
Of course with all this money printing even the welfare hoes will be earning 400k.
And why is that unelectable nasty hoe always by his side? Could it be getting everyone prepared for his demise?
 

D-FENZ

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Holy crap. Maybe it's too perfect of a pennant hanging on this flagpole but damn... Sure looks to me like this one is set for a freefall to 20,000.
 

Lancers32

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D-FENZ

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Heard as low as 14K. Could be.
No expert by any stretch but that's what the chart would seem to indicate. I just didn't want to seem too out there with a crazy sounding lowball number like that .
 

D-FENZ

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Anyone watching GE? Missed the big green day yesterday. Had been thinking about jumping in with both feet.
 

Lancers32

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This guy is worth a listen. Scalps/trades a lot. Posts on Twitter. This video is over a week old now he says he sold a bunch of his HODL positions the other day at 39K. Anything is possible.


 

Lancers32

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Oldmansmith

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Bitcoin and Ethereum down quite a bit.
Heard as low as 14K. Could be.
Doubt it if the broad market keeps climbing. If we have tech bubble or 2008 crash then absolutely possible. Rebought ETHE today so maybe I'm smoking hopium.
 

dpong

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Here is my Weekend Trend Trader current holding with the biggest gain at the moment.

Stock symbol PLAY currently up 84.31% since purchase.

B0aHKa7n.png
 

Lancers32

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Zeberg has been prediction sub 1K Gold for a long time. :robber:Him and the Baloney Pony not on any list.
 

Lancers32

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Lancers32

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Bitcoin settling into a trading range now. If they can't break it down they will rally. Fear Greed Index in the toilet. No way I would carry a position in something like GBTC with no way to stop out on a weekend or an overnight but the sentiment is low enough to support a rally. Might just be a buy the bottom of the range sell the top. No position.
 

Cigarlover

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Right.:blond:
Throw me in a woman prison and even at 57 I'll turn that into a baby factory.
 

Voodoo

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Here is my Weekend Trend Trader current holding with the biggest gain at the moment.

Stock symbol PLAY currently up 84.31% since purchase.

View attachment 211991

Lol. we went short play in the other options thread. Really beautiful looking top. Did a bearish reversal spread amd then i shorted a couple shares at 41.35.
 

Goldhedge

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Well, $60K didn't last very long...

Screen Shot 2021-05-30 at 11.14.27 AM.png
 

dpong

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Lol. we went short play in the other options thread. Really beautiful looking top. Did a bearish reversal spread amd then i shorted a couple shares at 41.35.
It does look toppy.
 

Goldhedge

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Lancers32

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Zed

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Zed

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Very intelligent young lady. However 8 beers down and I'd still go home alone if ya get my drift.




Even silver looks better.

When is last drinks?
 

Cigarlover

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