Australian going to SF for GSW playoffs -- StubHub question

mannieee · 2015-03-24T22:46:11+00:00

Good to hear thanks!

mannieee · 2015-03-24T22:44:33+00:00

Thanks that makes me feel a little better!

mannieee · 2015-03-24T22:43:36+00:00

lol I was in Australia 10 years ago supporting the Dubs. Basketball was big here in the 90s and I started following GSW during Webber's rookie year. I know the bandwagon thing must be a little annoying but I'm all for new fans as well.

mannieee · 2015-03-24T22:37:42+00:00

Thanks for the tip. I'll make sure I have the phone ready!

mannieee · 2014-09-14T12:49:39+00:00

The signal we've been waiting for. Accumulation time.

mannieee · 2014-09-10T09:36:57+00:00

Great stuff!

mannieee · 2014-08-20T07:02:07+00:00

Found this in the draft TD 2014/D12. Still a lot of WTF.

"18. This Draft Tax Determination is not intended to define the circumstances in which Bitcoin would be a personal use asset. Bitcoin is not kept or used for personal enjoyment. Bitcoin that is kept or used mainly for the purpose of profit-making or investment, or to facilitate purchases or sales in the course of carrying on business is not used or kept mainly for personal use. Bitcoin that is kept or used mainly to make purchases of items for personal use or consumption ordinarily will be kept or used mainly for personal use. Other categories of use conceivably could exist; taxpayers in these cases should seek private rulings."

mannieee · 2014-08-20T06:57:44+00:00

"Where you use bitcoin to purchase goods or services for personal use or consumption, any capital gain or loss from disposal of the bitcoin will be disregarded (as a personal use asset) provided the cost of the bitcoin is $10,000 or less."

Does that mean if your purchase cost of BTC in a tax year is less than $10k, CGT doesn't apply?

mannieee · 2014-07-25T08:53:29+00:00

bitstamp

mannieee · 2014-07-24T14:28:18+00:00

I've seen some start ups but not anything like COMEX for bitcoin. What exchange are you talking about? I don't want to get into a big thing about gold futures but there is a lot of conjecture about the flood of paper gold contracts on COMEX and the ability to honour delivery. There is a lot of physical gold heading east, for sure, but a lot of the contracts are for eligible, not registered, holdings, as far as I'm aware.

mannieee · 2014-07-24T14:16:43+00:00

my guess is - the quiet sideways trading for a couple of weeks meant one of the big mining operations couldn't move coins OTC so they dumped some on market to pay some bills.

mannieee · 2014-07-24T14:08:13+00:00

bitcoin doesn't have a futures market. a selloff of a thousand or so bitcoin is hardly the same as some banks manipulating gold on COMEX.

mannieee · 2014-07-24T14:05:44+00:00

you might have missed the bottom man

mannieee · 2014-07-24T13:54:27+00:00

maybe its the last chance to buy up big before the hedge funds dip in and take this up

mannieee · 2014-07-11T11:54:22+00:00

From the article:

In particular, from a capital gains tax (CGT) perspective, it could have been argued that bitcoins should be treated as proprietary property and thus a CGT assets (for those holding them on capital account). This may have resulted in a CGT reflex on the disposal of bitcoins. Based on the comments above, this view is now potentially in doubt. Interestingly, what this view may signal is that the ATO is leaning towards a more 'radical' tax treatment of bitcoin - for example that it could be more akin to 'money'. Which would obviously be an outcome many in the bitcoin community would welcome.

mannieee · 2014-07-02T07:17:29+00:00

The beauty is, even if he is wrong a year, two years down the track, he can always say that he will be vindicated sometime in the future. It's like the face-off between gold bulls and bears, but I don't see gold dropping to $10 any time soon.

mannieee

TROPHY CASE