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Mini data sheet on tax implications for cryptocurrency trading in the United States
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<blockquote data-quote="JayJuanGee" data-source="post: 1108097" data-attributes="member: 5330"><p>This is my relaxed state.</p><p></p><p>Seemed to me that you were suggesting that Governments have some ability to snuff out or stifle crypto, and I largely disagree that either they will do it or that they really are able to do it and the facts are also that they tend to chicken out. They threaten without really being able to do anything. At least so far, and you seem to be giving a lot more credence to their threat in a sort of hypothetical and theoretical sense that makes little sense to me.</p><p></p><p></p><p></p><p></p><p>I think that you are confusing emotional investment with experience and research.</p><p></p><p>So, if you do not have much if any experience or research then you will make hypotheticals that make little to no sense, but if you have experience and research, the hypotheticals and theory cause confusion when they seem to be floating in some kind of world that is not tied to facts on the ground... That is what I am suggesting about your theories.</p><p></p><p></p><p></p><p></p><p>That is true, but apply that to crypto. Yes, they may be plotting, and yes there may be certain things that they can do, but there is also wack-a-mole, too.</p><p></p><p>Sure, I am invested in bitcoin, and I am prepared for the price to go either direction, and I am still thinking that your theoretical suggestion about what goverments might do is a bit of a stretch in terms of directly affecting price.</p><p></p><p>Currently our most tangent and imminent material threats to price seems to be something other than government regulations.. </p><p></p><p></p><p></p><p></p><p>No one is suggesting that the government might try things, and surely they can go after various centralized systems and quasi-centralized systems. There are parts of crypto that are centralized and parts of crypto that are decentralized. They are going to have a lot more difficulties with the decentralized components of crypto, and we will see how some of this plays out... in other words, the government threat to decentralized systems does not appear to be imminent at the moment, except the extent to which they may be attempting to manipulate behind the scenes.. which is a bit of another story.</p><p></p><p></p><p></p><p></p><p>Of course governments can go after individuals, and of course they can pass laws to make confusion. No one is saying that they cannot do those kinds of things.</p><p></p><p></p><p></p><p>Of course, they make arbitrary, unjust and biased rulings all the time.. We have heard of Ross Ubricht, right? in prison for his involvement in silk road and apparently a scapegoat who is serving time in order to serve as an example of government power over individuals.</p></blockquote><p></p>
[QUOTE="JayJuanGee, post: 1108097, member: 5330"] This is my relaxed state. Seemed to me that you were suggesting that Governments have some ability to snuff out or stifle crypto, and I largely disagree that either they will do it or that they really are able to do it and the facts are also that they tend to chicken out. They threaten without really being able to do anything. At least so far, and you seem to be giving a lot more credence to their threat in a sort of hypothetical and theoretical sense that makes little sense to me. I think that you are confusing emotional investment with experience and research. So, if you do not have much if any experience or research then you will make hypotheticals that make little to no sense, but if you have experience and research, the hypotheticals and theory cause confusion when they seem to be floating in some kind of world that is not tied to facts on the ground... That is what I am suggesting about your theories. That is true, but apply that to crypto. Yes, they may be plotting, and yes there may be certain things that they can do, but there is also wack-a-mole, too. Sure, I am invested in bitcoin, and I am prepared for the price to go either direction, and I am still thinking that your theoretical suggestion about what goverments might do is a bit of a stretch in terms of directly affecting price. Currently our most tangent and imminent material threats to price seems to be something other than government regulations.. No one is suggesting that the government might try things, and surely they can go after various centralized systems and quasi-centralized systems. There are parts of crypto that are centralized and parts of crypto that are decentralized. They are going to have a lot more difficulties with the decentralized components of crypto, and we will see how some of this plays out... in other words, the government threat to decentralized systems does not appear to be imminent at the moment, except the extent to which they may be attempting to manipulate behind the scenes.. which is a bit of another story. Of course governments can go after individuals, and of course they can pass laws to make confusion. No one is saying that they cannot do those kinds of things. Of course, they make arbitrary, unjust and biased rulings all the time.. We have heard of Ross Ubricht, right? in prison for his involvement in silk road and apparently a scapegoat who is serving time in order to serve as an example of government power over individuals. [/QUOTE]
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