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    Cryptocurrency Daily Discussion - October 2, 2020 (GMT+0)

    October 02, 2020

    Cryptocurrency Daily Discussion - October 2, 2020 (GMT+0)

    Daily Discussion - October 2, 2020 (GMT+0)

    Posted: 01 Oct 2020 05:12 PM PDT

    Welcome to the Daily Discussion. Please read the disclaimer, guidelines, and rules before participating.

    Disclaimer:

    Though karma rules still apply, moderation is less stringent on this thread than on the rest of the sub. Therefore, consider all information posted here with several liberal heaps of salt, and always cross check any information you may read on this thread with known sources. Any trade information posted in this open thread may be highly misleading, and could be an attempt to manipulate new readers by known "pump and dump (PnD) groups" for their own profit. BEWARE of such practices and exercise utmost caution before acting on any trade tip mentioned here.

    Rules:

    • All sub rules apply in this thread. The prior exemption for karma and age requirements is no longer in effect.
    • Discussion topics must be related to cryptocurrency.
    • Comments will be sorted by newest first.

    To see prior Skeptics Discussions, click here.

    submitted by /u/AutoModerator
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    "Hey now, only our rich friends are allowed to do that!"

    Posted: 01 Oct 2020 07:42 PM PDT

    They would arrest Satoshi if they could find him.

    Posted: 01 Oct 2020 12:58 PM PDT

    We live in a rotten society

    Posted: 01 Oct 2020 01:46 PM PDT

    The state of this sub right now

    Posted: 01 Oct 2020 09:45 PM PDT

    DoJ refused to prosecute HSBC for money laundering. But now they have arrested BitMEX founder for the same thing! While we all agree that BitMEX was shady, why the double standards? PROSECUTE THE CROOKED BANKERS TOO!

    Posted: 01 Oct 2020 12:46 PM PDT

    First-movers

    Posted: 01 Oct 2020 05:32 PM PDT

    Crypto is that once in a lifetime opportunity for most of us

    Posted: 01 Oct 2020 01:43 PM PDT

    TrumpCoin (TRUMP) dumping LMAO

    Posted: 02 Oct 2020 12:31 AM PDT

    That looks optimistic

    Posted: 01 Oct 2020 06:03 AM PDT

    Don't day trade kids. Unless you're me.

    Posted: 01 Oct 2020 04:28 PM PDT

    Learning how to sell our Moons

    Posted: 02 Oct 2020 03:41 AM PDT

    Godfrey Bloom has started buying bitcoin

    Posted: 01 Oct 2020 03:23 PM PDT

    Why BitMEX has never been hacked.

    Posted: 01 Oct 2020 11:02 AM PDT

    Good investment advice.

    Posted: 01 Oct 2020 03:49 PM PDT

    Buy and HODL

    Posted: 01 Oct 2020 07:05 PM PDT

    Ripple unlocked 1 billion XRP worth over $240 million, from an escrow account

    Posted: 02 Oct 2020 12:21 AM PDT

    CFTC Charges BitMEX Owners with Illegally Operating a Cryptocurrency Derivatives Trading Platform and Anti-Money Laundering Violations

    Posted: 01 Oct 2020 09:12 AM PDT

    PSA: If you received moons in 2020, you must answer “yes” to the cryptocurrency question in next year’s 2020 1040 IRS form

    Posted: 01 Oct 2020 02:58 PM PDT

    Next year, page 1 of the 1040 will ask all tax filers the following question:

    "At any time during 2020, did you receive, sell, send, exchange, or otherwise acquire any financial interest in any virtual currency?"

    This is a very broad question, meant to force the vast majority of crypto traders/hodlers to self-identify themselves. Even if all you did in 2020 was post on this sub and you received moons for it, then it's a "yes" response.

    This question is irrespective of taxable transactions. Even if you have no taxable transactions at all for 2020, (example: you only acquired but did not sell) you would still have to answer "yes".

    By not answering yes, if in the future you decide to cash out for fiat at an exchange, your exchange will probably report to the IRS and the IRS can fault you for lying on your tax form. This will likely trigger an audit.

    Lastly, I know crypto reporting sucks and I do NOT agree with the IRS asking this question - but I'm just the messenger.

    submitted by /u/RFV1985
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    A rollup-centric ethereum roadmap by Vitalik

    Posted: 01 Oct 2020 11:57 PM PDT

    Let's have some fun, what formal gem that never lived up to its potential are you gonna hodling till the lights go out?

    Posted: 01 Oct 2020 07:29 PM PDT

    Thais turn to digital assets as regulators embrace cryptocurrency

    Posted: 01 Oct 2020 11:49 PM PDT

    As a small business owner I'm looking to accepting crypto as payment. What should I use?

    Posted: 02 Oct 2020 03:18 AM PDT

    I'm a small bikeshop in a tiny city in Sweden. I want to start accepting crypto as an alternative to credit card and cash. I'm wondering which would be my best options. Is there any smart apps which provides possibilities as sending receipts, simply show my wallets qr code and is able to confirm payments? Preferably I would be able to accept more than one currency. Or maybe I should simply print out the qr code and do everything manually.

    Bitcoin is slow, but is the king Eth might work, but still slow Bitcoin cash? I would be happy to get some suggestions and inputs from people who already accept payments online crypto.

    submitted by /u/Antewalle
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    Venezuela trials ‘decentralized stock exchange’ that's open to the world

    Posted: 02 Oct 2020 12:11 AM PDT
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