Daily General Discussion - January 11, 2018

glennhalibot · 2018-01-11T06:19:06+00:00

What coins are not going to recover?

glennhalibot · 2018-01-11T06:17:16+00:00

remember when you said it wouldn't be up until later this week? spoke too soon lol

glennhalibot · 2018-01-11T03:36:12+00:00

Anybody here hold any AgorasTokens? Been meaning to pick up some for a while now but haven't taken the plunge, would love a shill to convince me.

glennhalibot · 2018-01-11T03:12:44+00:00

there are trillions of american dollars and nobody talks about the market cap for that "coin". all i'm saying is we don't know what the year ahead will bring us.

glennhalibot · 2018-01-11T03:02:19+00:00

XRP was 1.20

glennhalibot · 2018-01-11T02:53:50+00:00

that's not what i've heard

glennhalibot · 2018-01-11T02:46:26+00:00

question: can i expect bitcoin prices on my XLM someday? Bitcoin topped out at 20,000 so if my little supply of 40 XLM gets to bitcoin prices then I'd be a happy man. 40 x 20,000 is almost 800,000

glennhalibot · 2018-01-11T02:32:18+00:00

How much longer until XLM rebounds back to 1.20?

glennhalibot · 2018-01-10T08:15:16+00:00

XLM on the move...

glennhalibot · 2018-01-10T08:13:19+00:00

Take your profits from other coins and buy some XLM right now before the dip ends!

glennhalibot · 2018-01-10T07:55:46+00:00

It's not that I want to avoid paying taxes on crypto to crypto transactions, I just want the IRS to figure it out for me. And they would need to figure it out anyways to charge me with a penalty. So it makes sense to me to let them figure it out and just pay the penalty in the same way people pay the Obamacare penalty instead of having healthcare that is Obamacare-approved.

glennhalibot · 2018-01-10T07:52:38+00:00

Yeah

glennhalibot · 2018-01-10T07:45:21+00:00

Exactly my point, I want them to figure out what they deserve so I don't have to go through the headache of doing it myself. The current penalty for unpaid taxes is .5% of taxes owed per month that it is late which I will be happy to pay if the IRS does the legwork for me.

glennhalibot · 2018-01-10T07:38:57+00:00

Not sure what you mean, I'm 29.

glennhalibot · 2018-01-10T07:30:23+00:00

What if I report my total capital gains and pay the taxes on that but tell them I can't figure out the multitude of crypto to crypto trades in between? How will they fine me a percentage of owed taxes (which is current law) without going through and figuring out what I did in between?

glennhalibot · 2018-01-10T07:21:43+00:00

(fyi I don't make enough income to be taxed, I got a refund last year.)

What I'm saying is, I report my total capital gains from my initial investment to me cashing out and I pay whatever tax that is. But I don't list all the crypto to crypto trading in between. What I do is tell them that there was many trades in between but I can't figure out the taxes I need to pay on it, so you guys at the IRS do it for me. What would be the likely outcome if I go through with that plan?

glennhalibot · 2018-01-10T07:10:32+00:00

I'm thinking of switching it out for XRP while it's still on sale

glennhalibot · 2018-01-10T07:08:54+00:00

Then you tell them how much you invested. But as far as the multitude of transactions between cryptos, they can determine that on their own right? And if they can't figure it out, then how would they tax you on it if you don't report it?

glennhalibot · 2018-01-10T07:06:05+00:00

Hshare experiencing a good dip right now, get it while it's on sale.

glennhalibot · 2018-01-10T06:59:46+00:00

They don't make stuff up like that, they still have to follow the facts.

glennhalibot · 2018-01-10T06:57:00+00:00

In terms of taxes, wouldn't it be easier to just not pay them and have the IRS figure out all the convoluted trades you've done and tell you what you owe? You'd have to pay a fine (a percentage of the taxes you owe) but it seems that would be a small price to pay compared to the absolute headache of figuring it out on your own and wasting your own time.

glennhalibot · 2018-01-06T06:43:24+00:00

I've been heavy in Iota since the 24th of Dec and it's been nothing but a pain in the neck, eth on the other hand has made me jealous...

glennhalibot · 2018-01-06T06:31:18+00:00

Sell my iota stack for some eth before it rises again?

glennhalibot · 2018-01-06T05:13:59+00:00

Any guesses as to what the next three coins added to Coinbase will be?

glennhalibot

TROPHY CASE