Oh that might ease some worry

Gleichfals

That sounds like a good approach. Document everything now and then see a professional later.

Thank you

I think I got the factor off.

It would be 20,000$. I'm going to start learning about taxes apparently.

Otherwise our only hope out of this is just to die and pass on to heirs and they get to just put the cost basis at whatever they received it at.

I wonder about reincarnating as my own heir in order to get that cost basis leveled out without logging into Celsius somehow.

Go for it! This may also just be my accidental way to force myself to never sell any. It's literally the IRS is going to put me in jail for not remaining 100% invested.

Anyone want a new house, new car, or have emergency bills?

The answer will be: do you want me to go to jail?

Am I understanding this correctly that if we don't do the safe harbor stuff in time we may have to:

Consider cost basis as $0 for future BTC sells?

Does this affect anything that we sold in 2024?

So like a return to free banking where MSTR just happens to hold the most digital gold and is the biggest bank?

maybe it just is a fluke company that discovered the "securitizing bitcoin" via the convertible debt strategy and now has the first mover/size/leadership moat. This will work until Bitcoin is fully monetized, and then Microstrategy is basically Berkshire Hathaway, buying profitable companies and selling insurance backed by their treasury.

I mean in his opinion, we are faced with these two undesirable fates and must navigate the narrow course between them. And revelation is like this story that plays out over and over again.

I think it's more like you are thinking, a clear choice. A path that someone continues down or chooses to turn back from.

Also this Peter Thiel interpretation of these kinda things is also interesting. In his opinion we try to avoid armeggedon (nuclear annihilation) by surrendering ourselves to the antichrist (one-world government).

He mentions that this is the first time in history where we can imagine the technology for one world government (digital ID, AI, etc).

https://youtu.be/wTNI_lCvWZQ?si=fNCBtfTHzcBDMAGE

Oh the paranoid Toyota buyer who chooses their car based on how it fares in a crash!

she looks wan from hunger or cancer

It's ok, Ohions pay 400 dollars for unlimited booze on a weeklong cruise and they are still walking around, swimming, having a grand old time.

A little bit of plastic probably gives the alcohol something to react with.

Human resilience really is impressive. It may be the aliens selecting us for broader diets and harsher environments.

Trying to remember the words, I get lost around "Depuis plus de deux mille ans..." But surely this song was written a couple hundred years ago so it should be updating each year. "Depuis plus de deux mille vingt quatre ans..." I think that's not the right understanding of the French oh well. Thanks for sharing.

https://youtu.be/wU6JVzcCDw4

It's really crazy how changing the economic knobs of the country just a little really affect this metric. I heard Houston had figured out a few years back how to do a public private partnership with church and state coordinating somehow to make sure everyone who was homeless was contacted.

so i think MSTR MNAV works because there are examples in nature of what appear to be "perpetual motion" that are just taking advantage of certain characteristics like:

ram hydraulic pump

by using a siphon and periodically restricting the flow, it's possible to pump water uphill while a lot more water falls lower down hill.

since a lot of capital is happy with a much lower performance than bitcoin in their MSTR convertible bond exposure, they are the water falling farther down hill and in turn they pushing a small volume of water (aka Bitcoin per share) farther up the hill into the hands of the shareholders.

https://www.youtube.com/watch?v=1_YpOheUeX0

I'm all for lightning and mints and ecash or whatever replacing traditional banking.

However I'm not convinced yet that all that tech works at scale.

I have no idea how this works out, but it seems to me that for current banks to survive they will need their own Bitcoin strategy or sell to MSTR to get on the new financial network. And maybe it's just a temporary hybrid centralized implementation of Bitcoin, but it could last long enough to make high MNAV well worth it.

Sounds like the voice of experience...

My gal cousins are all nerds tho and could care less about traditions and expectations. Wish you could run into one of them. Sorry that's off topic

so in case it's not confusing enough, here's my confusing take: the tax treatment of bitcoin is that it is capital.

to spend something as money that causes you to loose 20% of it's value just for spending it...that doesn't seem very smart.

so i get why Saylor is like "let them have dollars, if we can keep the bitcoin and issue debt backed by it."

since it's digital capital that has the technical ability to be money, once there is regulatory clarity.

until that day comes, I get why someone who is efficiency-oriented to not spend it and issue these stable coins.

the rest of us zapping capital as money are just eccentric.

i could be wrong, but i don't think nature likes eccentric.

You give me hope. Is that the $600 limit that Lummis mentioned at one point?