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Forum - Wall Street Pit    Stock Due Diligence for All

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From: apmoore (Rep: 27)Date: 2017-12-07 07:41:56
Forum: Wall Street Pit - Thread #673971597Msg #2705289 - Part 1/12 (Rec: 2)
The Government is going to come down hard on Bitcoin. Anything that antagonizes the US dollar, antagonizes the country. It is what brought down Gadaffi. He threatened to accept only gold in exchange for Oil.
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From: ninjaninja (Rep: 366) reply to apmooreDate: 2017-12-07 07:45:21
Forum: Wall Street Pit - Thread #673971597Msg #2705291 - Part 2/12 (Rec: 1)
Of course... only to "try" and institute their own crypto though. Re: The Government is going to come down hard on Bitcoin. Anything that antagoniz...

If markets are "rigged" or not really doesn't matter. Making money consistently from what the market has to offer is what matters.



Reply to apmoore - Msg #2705289 - 12/07/2017 07:41
NOTE: This message has been revised 1 time. Read original version of this message.
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From: spuds (Rep: 343) reply to apmooreDate: 2017-12-07 08:00:52
Forum: Wall Street Pit - Thread #673971597Msg #2705294 - Part 3/12 (Rec: 1)
Re: The Government is going to come down hard on Bitcoin. Anything that antagoniz... I think you are right on this...so many can not see it

spuds


Reply to apmoore - Msg #2705289 - 12/07/2017 07:41
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From: alectric (Rep: 171) reply to spudsDate: 2017-12-07 08:21:14
Forum: Wall Street Pit - Thread #673971597Msg #2705295 - Part 4/12 (Rec: 1)
And just like the IRS went after people who hid their money in Swiss bank accounts, the IRS will go after the cryptocurrency exchanges even in they don't hold the wallets. They have IP addresses and that's all the Feds need to track down the holders of the wallets. The Feds will find out who the Internet Service Providers are and correlate the IP addresses at that time with the customers. In the end, it's the IRS that brought down organized crime syndicates.

Blockchain is valuable technology. Bitcoin is not because it is a terrible medium of exchange. Its supply by design is limited and thus is extremely volatile, subject to the whims of demand. That's why so fewmerchants have adopted it. It also takes a long time to confirm a transaction, unlike credit cards that take a mere seconds. As a store of value, the exchanges are subject to hacking, unlike gold. So at some point, this game of musical chairs will collapse.


Reply to spuds - Msg #2705294 - 12/07/2017 08:00
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From: alectric (Rep: 171) reply to alectricDate: 2017-12-07 08:24:13
Forum: Wall Street Pit - Thread #673971597Msg #2705296 - Part 5/12 (Rec: 0)
Steam no longer accepting bitcoin due to transaction fee cost:

http://bgr.com/2017/12/07/bitcoin-price-tops-15000-steam-support/


Reply to alectric - Msg #2705295 - 12/07/2017 08:21
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From: lemoyati (Rep: 0) reply to alectricDate: 2017-12-07 08:40:33
Forum: Wall Street Pit - Thread #673971597Msg #2705299 - Part 6/12 (Rec: 0)
Bitcoin is worldwide. Whether you believe it is an international currency or not, it is used by many other powerful entities worldwide. The U.S. govt cracking down is irrelevant. It's going to take international measures to stop this freight train.

Make your own decisions. My posts are not investment or trading advice.



Reply to alectric - Msg #2705296 - 12/07/2017 08:24
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From: apmoore (Rep: 27) reply to lemoyatiDate: 2017-12-07 08:59:31
Forum: Wall Street Pit - Thread #673971597Msg #2705308 - Part 7/12 (Rec: 0)
If thats the case, then bitcoin is the beginning of the end for the US as a sovereign world power.

Reply to lemoyati - Msg #2705299 - 12/07/2017 08:40
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From: spuds (Rep: 343) reply to alectricDate: 2017-12-07 09:04:58
Forum: Wall Street Pit - Thread #673971597Msg #2705311 - Part 8/12 (Rec: 0)
....how soon we forget...it was only just yesterday......seems like yesterday but actually about 37 years ago when the irs reamed out a few for huge wampum.....it was all about nonrecourse loans to partnerships...and the deductability of such ..........while cases dragged through the courts penalties and interest compounded ....willy nelson sung about it I believe.....wiki...willie nelson irs tapes

spuds


Reply to alectric - Msg #2705296 - 12/07/2017 08:24
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From: lemoyati (Rep: 0) reply to apmooreDate: 2017-12-07 09:09:47
Forum: Wall Street Pit - Thread #673971597Msg #2705315 - Part 9/12 (Rec: 0)
Then I guess that's the case.

Make your own decisions. My posts are not investment or trading advice.



Reply to apmoore - Msg #2705308 - 12/07/2017 08:59
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From: tokyopua (Rep: 208) reply to lemoyatiDate: 2017-12-07 09:14:50
Forum: Wall Street Pit - Thread #673971597Msg #2705316 - Part 10/12 (Rec: 0)
Yup, Fed said last week Bitcoin is not big enough to regulate **YET** (and of course that was 40% lower than today haha) Re: The Government is going to come down hard on Bitcoin. Anything that antag...

Reply to lemoyati - Msg #2705315 - 12/07/2017 09:09
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