Bitcoiners Holding Strong in PROFIT – Africa the New Crypto El Dorado

 

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New data shows that Bitcoiners are holding strong and most are in profit, Twitter CEO sees Africa as the new El Dorado for Bitcoin, German banks ready for crypto adoption, and Ethereum dev gets in big trouble.

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Bitcoiners Holding Strong in PROFIT – Africa the New Crypto El Dorado

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34 comments

  1. January 1 2020 and German citizens will finally see Bitcoin in true form. πŸ™Œ I’m so jelly!

  2. Sure there are hodlers such as myself. My stress levels have been dropping nicely even as the price dropped. I’m “losing” tons of money every month since 14k but that won’t last forever.
    I must admit I’m not very fond of traders, sorry. They buy and sell fake crypto on scamy fractional reserve exchanges, profiting the insiders, reking the noobs, then they hand the money over to the IRS. Until they get rekt they do a lot of damage to the crypto space before they’re gone. It gets harder for them though since once they destroy the noobs they have only each other to harvest wealth from. I find the whole mess to be both sad and funny.
    The noobs are gone now. They’ve been rekt. And now that they’re gone we’re approaching the point where the whales will pump the price (after shorting it to cause fear, to break some of the more experienced traders). They did it before “It’s going to 1000” “It’s going to 1000” Oops! It shot up to 5. LOL. The traders and the noobs were in tether back then but I was “all in” and enjoyed the gains. And I will pay no income tax since I didn’t sell.
    When I do start cashing in bitcoin I’ll limit it to 38k a year. That will keep me below the minimum for long term capital gains taxes (according to the rules that are circulated by the IRS). Yes I now I’ve said this before. LOL. It bears repeating though.

  3. Thanks for the rich content Lark! Everyday, little by little, I gain something new from the crypto space. Thank you man!

  4. Isn’t Charlies hoskinson & Cardano
    Making good head way in some African states… great content lark
    Thanks.

  5. 9:45

    There is already someone working on getting cell phones to Africans for crypto use. Stan Larimer (Dan Larimers father) created a fork of EOS called BEOS, and Sovereign sky coin will operate on the BEOS network. Their goal with sovereign Sky is to get people out of extreme poverty.

    They already put one low earth orbit satellite in space for testing. Satellites will be used for the internet connection.

  6. Many HODLers move their bitcoin from one wallet they own, to another. Like me. Doesn’t mean they are not hard core HODLers. There are more Hodlers than this metric suggests imo

  7. If you base your tax filing address in Puerto Rico. For a number of years. If those gains happened over the years that you were based in Puerto Rico. You will not need to pay any capital Gaines at all over that period. You need to β€œbe at” you address in Puerto Rico for six months and one day each year. And file taxes under that address.

  8. “When something is important enough, you do it even if the odds are not in your favor.”
    – Elon Musk

  9. I’ve accumulated Bitcoin for a few years now but never sold any basically due to the asset scarcity. However I’ve mined and bought so many diifferent altcoins and continue to exchange them for Bitcoin

  10. South Africa- just walk out with a Rolex, shiny shoes and carry your gold around in your pockets/ if you brave around your neck – soon you will find out why Bitcoin is so popular.

  11. I like the new format because it’s more conversational but I like the old format because you’re a lot more animated when your standing. πŸ˜‰

  12. Yeah, you noticed too. πŸ™‚. Think it’s good for people (especially newbies) to see what Lark is talking about. Think you should continue this style Lark….just need the old catch phrases again.

  13. Imagine going to the bank and saying I wanna buy 1000$ bitcoin, sure it is, but it’s a 10% comision, + 10% for the exchange rate, that it is not real time. Pretty good deal SeemsGood

  14. @MrHarrilasagna kind of… Except I hate banks, state and paternalism…
    But sure Crypto aka the truth-machine will do the rest…

  15. Yeah, way before Jack and just about anyone else! Hope Charles reaches tech. celebrity status of Steve Jobs before Cardano is fully built!

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