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    What should someone who has made millions from BTC do?

    Taking tips from you, Duke? With your record over the past six years? That's the furthest thing from 'relatively harmless.' You could have been front and center as Brendan's featured 30 year old having made the 3 million had you listened. (Okay, that's all accurate apart from the 30 year old...
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    What should someone who has made millions from BTC do?

    I think that's reasonable. I acknowledge your point of view on it but clearly telling folks not to do it isn't working and I'm pretty confident it won't work going forward. 10% or less of an allocation won't sink any ship in the grand long-term scheme of things and it allows folks to...
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    What should someone who has made millions from BTC do?

    I wouldn't advise anyone to do anything - I know nothing! People have to do the homework and figure it out for themselves (and then take personal responsibility for whatever they decide to do). That said, I've always thought in terms of a few percent allocation being relatively harmless for...
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    Are bitcoin buyers paying tax properly?

    I'll take a stab at re-writing this given my last response was taken down on the basis of it being "vulgar." The large global crypto exchanges are centralized businesses. They have to comply with tax authorities relative to the jurisdictions they extend their services to. On that basis, they're...
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    "Comparing Bitcoin to Ponzi Schemes is unfair...

    Complete nonsense you're coming out with Brendan. Firstly, in any given year, fiat currencies ARE collapsing. Secondly, they don't have to collapse entirely to spirit away a portion of what you've earned.
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    Are bitcoin buyers paying tax properly?

    @jigsaw can confirm as I don't have a need to use apps like Koinly (I'm not a trader) but many of the large global crypto platforms now have API integration with those applications so the whole thing is seamless. As regards people not bothering to file, maybe they get away with it if the amounts...
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    "Comparing Bitcoin to Ponzi Schemes is unfair...

    For those with the selective memory loss, here's a reminder of one of the use case roles that Bitcoin fulfils ->
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    Are bitcoin buyers paying tax properly?

    Here's an example from the IRS in the U.S. reported earlier today, demonstrating that taxes are being collected albeit that it is fine-tuning its approach to how it goes about collecting it. I'm pretty sure Revenue had gotten as far as publishing some guidelines as far as I can recall but I'm...
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    "Comparing Bitcoin to Ponzi Schemes is unfair...

    Fully supportive of that. I don't think anyone should over-focus on Bitcoin (and certainly not crypto) - far from it.
  10. T

    "Comparing Bitcoin to Ponzi Schemes is unfair...

    Of course. It's a discussion forum. Why on earth would you read anyone else's comments?
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    "Comparing Bitcoin to Ponzi Schemes is unfair...

    You’ve been incredibly consistent in the dipping in and out there Brendan, dipping in and out over six long years over every single Bitcoin thread. In fact, you started most of them! That’s a very conveniently coloured, selective use case memory you have going on there Brendan. I’ll leave you...
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    "Comparing Bitcoin to Ponzi Schemes is unfair...

    For someone who complained over the last six years of long repetitive threads, your request doesn't align very well. You've been here every step of the way in those discussions. The arguments remain the same, the disagreement/differing opinions remain the same. You could easily summarize them...
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    "Comparing Bitcoin to Ponzi Schemes is unfair...

    I'll direct you to 2,149 previous posts on the subject Brendan. I appreciate you have formed the opposite opinion but you can't dispute that Bitcoin continues to develop and find an ever broader audience.
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    "Comparing Bitcoin to Ponzi Schemes is unfair...

    "crypto" ≠ Bitcoin And in the case of Bitcoin finding new customers, there's no doubt that such a thing is happening. The error you're making though is to reach the conclusion that its all just a speculation. That's not the case.
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    "Comparing Bitcoin to Ponzi Schemes is unfair...

    No, I don't think that's the way. At the end of the day, the idea of thrashing all of this stuff through is so that we all can try and figure it out.
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    "Comparing Bitcoin to Ponzi Schemes is unfair...

    You can make a tangy grape jam with sour grapes, Duke. Or how about this? 108 sour grapes recipes? Pullbacks of up to 30% have been common in these bull market cycles in the past. They're no harm at all as they clear out those that are trading using leverage.
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    "Comparing Bitcoin to Ponzi Schemes is unfair...

    Always good to have your input Firefly! :cool:
  18. T

    "Comparing Bitcoin to Ponzi Schemes is unfair...

    What specific question did you ask it? ChatGPT can be useful at times but I don't think this is one of those instances.
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    "Comparing Bitcoin to Ponzi Schemes is unfair...

    Yeah, I think we might have gone past that Duke.
  20. T

    "Comparing Bitcoin to Ponzi Schemes is unfair...

    The wager was BTC to reach its previous ATH BY 2030 not ON a specified date in 2030. Wager conditions met.
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