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Pullback over BOT 132.52
119 to 146 thanks
waiting on a decent pullback
IRS removes ether and two popular gaming tokens as examples of convertible virtual currencies
The Internal Revenue Service (IRS), the tax collection agency of the U.S. government, has removed ether (ETH) and two popular gaming tokens - Fortnite’s V-bucks and Roblox’s Robux - as examples of convertible virtual currencies.
The change took place on Wednesday, according to a report from Bloomberg Tax. The IRS’ section on virtual currencies now only mentions bitcoin (BTC) as an example.
If V-bucks and Robux stayed on, it would have required millions of users to a new disclosure requirement - Fortnite and Roblox reportedly have a combined user base of over 300 million.
The IRS’ new disclosure requirement, in revised tax-filing Form 1040, asks people to answer yes or no for a question on whether or not they received, sold, exchanged, or otherwise acquired a financial interest in virtual currency during 2019.
On its website, the IRS defines virtual currency as a digital representation of value that functions as a medium of exchange, a unit of account, and/or a store of value. While convertible virtual currency is defined as one that has an equivalent value in real currency, or that acts as a substitute for real currency.
Bitcoin is one example of a convertible virtual currency, per the IRS. “Bitcoin can be digitally traded between users and can be purchased for, or exchanged into, U.S. dollars, Euros, and other real or virtual currencies."
It is worth noting that ether will still likely be treated as convertible virtual currency, just like bitcoin.
BOT more @ 92.25
Searched for correlation, found it!
I was in a subpenny hoping for correlation found none. After scratching,
found ETHE @ 79, now at 95 trying to adjust to high correlation.
Three days ... BEAUTIFUL !
Here they come,
Late last month, Commodity Futures Trading Commission (CFTC) chairman Heath Tarbert remarked in a Bloomberg interview that the crypto market may see the launch of ether (ETH)-based futures contracts.
“We have seen bitcoin futures, both cash-settled as well as physically-delivered. My guess is we are going to see ether futures as well,” Tarbert was quoted as saying.
BOT @ 79.22
thats me at 0.0005
Your gonna love 0.0005 tommorrow
-25% ET says "ouch"
0.0006
otherwise i would short this to 0.0001
"Clients are unable to SHORT SELL OTCBBN Securities"
from my platform.
wow thanks.
bought 10.86
sold 11.38
3 days.
No bitcoin correlation
last week bought and sold this thing @ 0.0008
bitcoin rips and this just sits.
i'm waiting for 0.0001
"pink" blah blah blah said the p and l.
switched to a winner with correlation.
you figure it out. +9.35%
How can I short $CBTC?
Serious replies only. Name of broker would be helpful.
0.0008 at the time of this request.
I don't understand this funding thesis:
These securities are iffy at best and even though i've only been in for just over a week. In that time, I thought I saw great progress, and thought it was just in time.
But, no correlation with a bitcoin that is ripping, gave me pause about staying in. I'm keeping one eye on this because of the upcoming pink upgrade. Perhaps by next wednesday, But iffy stocks, with skittish investors, with no bitcoin wind in its sails with no running equipment, has me quick on the breakeven button.
Please dump to .0005 or less and then i'll swoop in with large lots.
Am i to understand the "funding" will come from smacking current investors and that is supposed to make me comfortable if i get stuck holding. Today's news was disappointing. One google search and I'm done. All I needed to see was the phrase "GOING DARK" and my money changed its mind.
Before yelling at me, I am 1-0-1 on trading trips. This being my second.
It aint how much experience you have, its how much money you made. I'm way ahead. I'll take breakeven on this one till a ridiculous price becomes available. Feel free to argue as I'm still interested in this stock.
Bought 0.0008 Sold 0.0008
Will reload if goes pink current.
Googled what happens to a stock price after a termination of registration of a class of security?
Commonly known as going DARK.
I'm out less round turn commission.
Correlation to bitcoin futures is weak.
Will buyback under 0.0007.
0.0009
Shell Risk Icon Should be Removed
According to the new Attorney Letter on page 4:
".. it is the opinion of the undersigned that the Company is not a "shell company" as in Rule 405 of the Securities Act or Rule 12b-2 of the Exchange Act."
OTC Markets should be removing the icon.
.0008
Bitcoin Futures Healthy
If $CBTC can hold .0007, I believe we will see .0010 by end of the week.
SIC code change: Data processing and preparation
New code is:
SIC - Industry Classification
7374 - Data processing and preparation
the old classification was for precious stones or something like that.
I only have one more post left for today.
New Securities Counsel?
Hi board,
This is my first post. Did I make a mistake or did $CBTC get new Securities Counsel. On November 27th 2019, securities counsel was listed as:
Randall S. Goulding
Securities Counselors Inc.
1333 Sprucewood
Deerfield, IL 60015
Today, I noticed the prohibited service provider icon was removed from OTC markets profile. And the profile now has:
Burningham Law Group
Securities Counsel
2150 South 1300 East
Suite 500
Salt Lake City, UT 84106
801-363-7411
xtrabitcoin $CBTC
@xtrabitcoin
·
Dec 18, 2019
$CBTC is seeking new legal counsel for attorney opinion letter regarding bringing filings current to achieve Pink status.
CEO warned he was looking for new counsel, is this it? CORRECT ME IF I AM WRONG.