Bitcoin Tax Time for Gamblers Part 2

That’S the lesson move on from this catastrophe that you’ve gotten yourself into this tax catastrophe and move on and just learn to hold and keep it simple, and maybe that maybe things will become simpler. Maybe you don’t become easy to go back and forth and then you know the $ 600 thing will apply that I talked about yesterday. All right, so here is a tweet about from rail Panda about how shape-shift and Erik Voorhees, who I have said many times the boycott, because they were four segments to X and it stands true to this very day because they had a tweet out there. They called Bitcoin Bitcoin core everyone got on their case and they had to change it. They had to remove it, and now it’s not there anymore, but a way up and up brings this up and it just shows you the how big the Bitcoin community is and how they don’t they’re not going to be taped.

Something insult like that, and but again you should have been boycotting him and his company anyway, since the the segue to ax thing that came out and says he was obviously a king of the trolls dude. I know he’s saying it’s a mistake: what you know, whatever it’s good for him, it’s a mistake, then fine. The boycott still goes on and I just like to see how there was such a backlash immediately when he said big when they said Bitcoin core on there. That’S how powerful the Bitcoin community is so that gets link to below. So there is a new site talking about crypto dividends, mostly Bitcoin crypt of dividends, fork drop, dot, io fork drop, I uh again, I’m not recommending.

I mean they have some services they’re selling to I’m not recommending their services. I haven’t used their services, you have to be. You know you don’t give people your private key, obviously, but they do list all of the Bitcoin encrypt their dividends. They’Re open to listing the a list of the theory and one I think they you’re open to suggestions. Some of these cryptic dividends out there that are from China have the worst names ever it’s like hilarious, so I, finally, I find it like parsley.

It’S entertaining and entertainment there’s some fake ones out up there too. Oh yeah, remember to pound that, like button subscribe, this channel of course, and check out the new section below below and check out for crappie. Oh that’s link to below, but so so there you’re gon na get some laughs and some of them are weird, but I give these guys credit, I always say, be entrepreneurial and these in the space they’re they created their own business around crypto dividends, so good for Them and I gave them a shout-out in my Twitter today – also remember: I am tech ball on Twitter te, CH B alt, that’s blowing up I’m bitcoinmeister on steam, it you could be an entrepreneur they’re. Also, in that I things are blowing up over on steam and also Bitcoin likes your own steam it all right. What is oh here, I forgot I do have another thing to share is about wrap up. The show here is a tweet from sir grant Fleming.

No one knows what is going on especially traitors, tis, the reason they are all stuck in front of their terminals and Excel sheets rather than retired, on a beach. Anyone telling you different has a gambling problem. It’S really that’s a good point that you know. I think I’m gon na go to the beach right now, but these guys are stuck in front of a computer all day.

I I can. I travel around the whole world I’ll beholder. The gamblers are stuck in front of their Excel spreadsheets. Trying to make this day trading stuff work their gamblers.

They got a gambling problem check out that guy’s tweet Eddie K, yes sure you’re gon na hear from some guys. I did so well. You never hear from the guys who did bad and we said fish in Midtown who’s, an honest, freaking, dude, okay, there’s a modest man he’s a good man, but he’s an older guy too. You know he’s over fifties. Fifty, let’s say inventions, fifty okay and so people of that age group are more likely to you know: mud they’re, gon na tell the truth.

You know these young twenty year olds, teenagers, whatever they are they’re just gon na talk a big game, no matter what don’t fall for it. The people on the internet to talk about that in Bitcoin they’re talking such a huge game. They they’re doing chat sessions like this they’re, even there under the common. In our comment section, there forms they never show their faces. They just they talk a big game and they’re not honest about it.

This is honesty. Life is brutal, dudes, it’s not easy. It’S not easy and so like to glamorize something that is just gambling you’ll find out the hard way. If you try, it you’ll find out the hard way and all right so over 6000 Segway over 16 % Segway adoption now Accord according to their editor, who I linked to below he’s got a good feed on Twitter, so check him out $ 2 from big Kings Over on the super chat, hey man, I linked to your steam, it yesterday uh everybody check him out for coins coming soon. He says, of course, four o’clock.

Let’S focus on be private, we got it. Oh yes, be focused. I mean it. Let’S focus on those ones, Israel ina the end. Look then she meets out just gave out his real age.

I’M not gon na even say he’s 50 he’s 50. That’S what he is. He always be 50 to be alright, this guy.

These guys credo here this guy. Here’S it here’s a someone left this on my Steam it and I just want to say that this guy is totally innocent dude, but it just shows you not. You can’t get caught up in everything you read on the Internet, just look for experience when it comes to Bitcoin, okay, when it comes to cryptocurrency someone just might post something and you might get scared, but then, when you dig a little deeper over here, this is Where the guy said previous two weeks can be said to be the darkest weeks ever in crypto history, then I said I immediately replied.

I disagree I had been around for a while. There have been much worse times and that he replied could be. I have only been here for half a year, so maybe it’s my mistake, okay, guys, so that guy was totally honest. He didn’t mean any harm, but there are a lot of guys talking a big game out there that, just like this guy who’d been around six months, we’re telling you this is the worst. It’S ever been and they’ve been around six months. There’S a lot of people like that, so pal Matt like button, if you like experience and you’re, not impulsive – and I think I didn’t mean this – throw anyone off, but it could have thrown some people off and made people panic.

I mean all that adds to the fun. All of that adds to the fun guys that have only been around for six months or whatever you know talking like that, it that’s the foot. So you need to clear that sometimes and just remind people that experience experience go talk to people who’ve been around since 2013 or since 2015. Even all right, the the the be goal be cash ratio is back to a beagle there’s 10 % of a beat cash again I mean why does this happen? I think what is this is something I’ve always been curious about.

I brought it up a few times and it goes back there. Sometimes I don’t know I don’t know the reason. They’Re really not related at all one’s a friendly fork once unfriendly for crypto dividend, alright, maneet Riggs, who might be on the show soon, because I haven’t had time to contact him about Friday’s show, but remember we’ll have this week in Bitcoin a Friday at some time.

I don’t know what time I you know, I don’t know the time. Difference is just so big here. 14. 1/2 hours ahead. I am I mean it’s already uh the 14th year.

Some of you people do there’s some commercial. How are they on the floor? It’S either something that some guys fall for and waste all their money on, don’t waste your money on the 14th buy yourself, some Bitcoin, hey by the way Spring Training started a back in uh back home in Florida and Arizona, the Orioles, hey man, I’m patient. I’M a patient guy been waiting for that World Series for a long time.

You stick you stick with what you believe in you. Stick with the big coin. You stick with the Orioles eventually in the long run anyway. Yeah that just says I have conviction conviction. I have Orioles conviction, I have Bitcoin and you know there’s some there’s some fans of sports teams, and these are the same 80 percenters they’re, just like oh bitcoins dead, I’m not in it anymore, they’re like I’ll, just like the Yankees, now they’re good. They went up this year or the Astra’s of the world champions I like them.

Now it is. This fickle fickle: 80 %. You see it in cryptocurrency, as seen in sports fandom dude. I was born an Orioles fan and I’ve died.

A lot of wars fan. Okay, just like with Bitcoin born a Bitcoin er died a Bitcoin er and that won’t be for a long time. God willing, we all need to stay healthy, but money Triggs going back to him his tweet his tweet, and I don’t exactly know everything behind this tweet. It says we will have the only Bitcoin ATM in the country he’s talking about Spain network in the country and we are considering buying launching a radio station with crypto related podcasts news and ads next election. We will sponsor a probe big Pro Bitcoin politicians.

I just found that fascinating I’ll have to ask money trees more about that. I haven’t heard about Bitcoin radio stations before that’s kind of combining the new school with the old school. But you know there are a lot of men. Listen to talk radio! Still! It’S a good target audience.

I don’t know. Radio is kind of like gold. It’S around it’ll be around it’s just, not a big thing, but hey if you, if you can modernize it, be my guest and that I’d like to hear that they’re gon na sponsor. You know I don’t like politics at all, but hey if you’re gon na like highlight probe Bitcoin politicians that might get some of these sociopaths on the right track, but they you know, don’t buy into anything if they feel a little bit of pressure on it.

And you know they can’t kill Bitcoin, but they can whatever big it. They can make it easier come tax time, let’s, let’s conclude that all right, everybody, i’m adam meister, the bitcoinmeister, the disrupt meister, remember describe subscribe to this channel, like this view shows – and you do check out the new section below – i will say hi to you guys In a chat and yeah humidity in the hair, it’s crazy

Bitcoin Tax Time for Gamblers Part 1

Hello, everyone – this is adam meister, the bitcoinmeister, the disrupt meister, welcome to the one bitcoin show live from darwin. Australia today is February the 13th 2018 back on the East Coast that calm, how you guys doing it’s humid air, it’s hot here and I want to go running before this thunderstorm starts again. We have a lot of thunderstorms here.

What else do we have? No, you know the shirts cryptography D. Okay, let’s get outta here, ah strong hands, I forgot to say conviction: alright, first off April the 17th I am going to be in Los Angeles speaking, the tickets are available. Now I link to it below it’s at the Century. City meetup I spoke there. One was in January, tone just spoke there.

Vortex is going to speak there after me. It’S awesome. So if you’re, in Los Angeles area check out the links section below you can sign up for the Meetup on April 17th, it’s going to be huge and it’s it was just a rock in time. Last time I love you Los Angeles I’ll, be in Los Angeles from April 16th until the 24th and then the 25th, I’m speaking in both April 25th, Boulder Colorado and we’ll have more information on that soon enough Rocky, my main Rocky sent me this link and a Lot of people are talking about it. It’S the bee cat of the B cash there’s, a guy made a video about the cash.

How there’s a issue with exchanges carrying it and hey man, I’m not too worried about it. Okay, if they want to fix that problem that can fix that problem. Obviously there there is an issue.

This is, it doesn’t affect us users, it affects the exchanges, but people want to hear about it. I like watch it yourself, vention big tile, just sent $ 5 on the super chat, how you do invention yeah. I sold half my bitcoins back in March and now it’s insult after injury since I have to work it into my taxes. I feel sorry for active traders very good point. Benching me tell we’re gon na talk about that in a second, because it is tax time and, as you saw in the title, and he checked out the link section below um yeah.

This is not a good time of year if you are a gambler or a trader whatever you may call that you got to pay your US taxes now, if you sold for a Fiat $ 4 and that’s a painting, especially she went back and forth back and Forth holders, hey man, we don’t have to worry about that, we didn’t sell and it paid off and the end like vention said um. He when he saw the ended up losing. Oh, it was a terrible situation. That’S why you got ta have a strong hand.

Conviction all right pound that, like button people, what else do we have here? Alright, so yeah Rock? Thank You Rocky for informing me about and rokkyo be on this show soon enough again about this, be cash thing that exchanges could have no lien stolen from them. Okay, hopefully everyone will work it all out. I don’t want to flood.

The video is a good video was the guy who me the video, isn’t trying to fight ABI cash. Okay, he’s just trying to present an issue now, there’s still be clashing out there too. Oh yes, oh yes, I checked out their Twitter feed for the heck of it and it’s it’s alive and the guy talks about uh crypto bridge the crypto bridge decentralized exchange.

That’S where it’s listed. Maybe I’m just bringing this up more so to talk about that. This crypto bridge thing exists and you can trade your beat classic there if you somehow know how to get it from your be cash, be classic. Is the original be cash that be cash forked off from oh yeah, it’s complex, but yeah check out that uh decentralized exchange? That’S the you know. Some people are predicting.

That’S gon na be a big trend soon enough. We’Re gon na have a lot of decentralized exchanges. Next year, crypto bridge – just just I linked to the be classic tweet below alright, so here’s some monaro v5 coming out manera P, is a crypto dividend of Manero that is coming out in April.

I thought it was April 7th. It might be after that, whatever I’ll update it uh where’s March 7th, no god I miss the whole thing, uh yeah, I think it’s March 7th actually March 7th e-excuse me. I messed up at the April. It’S supposed to be March 7th, but I think might be March 13th now, whatever that that’s at the point did Manero peak, there are certain Manero people that are have some fun warnings. They actually mentioned me. That’S why I uh I I posed.

I found the reddit that I’d link to below and you can see what they, these Manero fans say about. Manero v, it’s fun, but there were some people that were just like wait. It’S gon na boost up the price of Manero, as people want to get ten free, ten monaro be for every monaro they own, so competition is a good thing.

I say i say it’s a good thing for a Bitcoin to Manero V is not pretending to be Manero they’re, not calling it Manero. That’S Manero V I mean they’re, not asking exchanges to take over the old ticker sign or anything like that. It’S not it’s a friendly fork as far as I can see. As far as I can see now, is it gon na end up the same way as B cash and Bitcoin half?

I don’t know we’ll see, but you know bring on the competition for Bitcoin. I just don’t save for from Mineiro the more friendly for cryptic dividends. The better I mean if it be gold wants to just become powerful, let V gold become powerful, let them let them do their thing. They’Re free to compete, they’re free to do Bitcoin differently and the Monaro people should you know, open their arms of an arrow V and say hey if V is not pretending to be Manero, and I have not seen that yet let them try to do monaro a Little differently with a cap with the limit.

Alright, so I again, I link to that. Uh that read it below. You can decide. Z classic has pumped it’s at an all-time high in terms of Bitcoin, it’s about 1.7 percent or 1.8 son of a Bitcoin, now Zee classic. This isn’t anticipation of the be private crypto dividend being born on February, the 28th. That is the day of before now.

Why is this just the natural build uppers, because something just happened? I lead to a reddit below that says that the the be private official white paper will be linked to will be posted very soon. I don’t know if that’s boosting it or not. Maybe this is just the ramp up, maybe it’s a false ramp up, who knows, but here’s the classic holder since I’ve been talking about it, it’s around a crate was around December 26. I made a video about it. I’Ve been talking about it from before.

I’M sure you’re pretty happy if you’re, Z, classic holder, I’m sure you’re really happy if you’re a Bitcoin all the tubes you’re gon na get this be private and it appears at the be private will be at least one point: seven percent of a Bitcoin which is Which isn’t too bad for a crypto dividend? I mean traceur. There is there’s some treasure noise out there over Twitter. I didn’t link to those it seemed kind of rumor s and rumors. Is that a lot of rumors out there with the treasurer and but still we got to work on big tricks? I haven’t heard any of bit tracks rumors lately, so I’ll make a video.

You know we’re two weeks away now we’re two weeks away for failure. 28. Unbelievable time flies, so I got to do something when I get some time, maybe do an outside video by the water.

I ran by the water yesterday, it’s nice again. I don’t like it here when it just all of a sudden there’s a huge heavy rain, but we’re in the tropics, the tropics of Australia, which is uh. It’S interesting. You know not many Americans travel down here. I have a unique story to tell my buddies in uh in Baltimore in the United States. I haven’t seen any Americans here.

It’S it’s interesting, it’s what Darwin is a great place found that, like button for Australia, I enjoy Australia. Okay, Andy Hoffman has some good topics at his crypto gold, central calm. I haven’t had time to read it all again, I’m running around trying to beat the thunderstorms and they’re all understood and yeah anyway, but he what Anna had time to read all the stuff. Yet he has again, he has this one tax time doomsday and he talks about how if you’re, just like mention mentioned, if you sold your Bitcoin, if you’re a trader, if you’re a gambler, you got to pay the IRS now and most, and so many people have Not reported and don’t plan on reporting dudes, you got to be really careful with that, if you’re not planning on reporting to the IRS and you bought and sold it coinbase you’re making a tremendous tremendous mistake. I mean you’ve already made a tremendous mistake by selling your big coin. Don’T make another tremendous mistake: it is a honey pot for the for the IRS coin base is a honey pot.

If you bought and sold there, you got ta play by the rules here. I do not want to end up on their bad side. You do not want to be a 22 year old who gets audited. Does that sound really fun? So I know some of the guys some people are really young who have bought and sold big coin they’re. Not used to paying any taxes, I don’t know you’re, not from me their dad used to pay your taxes, no you’re, a big boy, now you’re playing with the big boys.

That’S what cryptic are see. That’S what bitcoin is about. This is where the big boys play. So do not try to mess with the IRS you’ve already dug yourself a hole by you know becoming a flipper. You didn’t listen to me, just the hole just behold. It’S it’s again gold and hold treat it like people used to treat gold.

You just put it away: okay, twenty twenty. Have you learn about? It understand it? This is not the jump, it date. There’S no there’s such day traders lose holders win okay over the long run. Long-Term thinking really understand it, and then you won’t have to be in this uncomfortable situation now that it’s tax time and it is tax time April 15th – is again two months away.

You have two months, it’s a stress about this and I don’t. I am NOT an accountant, so I don’t know how you’re going to do your taxes. If you went back and forth back and forth back and forth fifty times between Fiat and uh and Bitcoin, I don’t know what to tell you man, it’s a pain. To I mean you should have helped, but chillax here this year year, 2018 hole.

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Crazy Pineapple 8 or Better Rules

Crazy Pineapple 8/b plays like regular Crazy Pineapple until the end of the hand, when the pot may be split between the high hand and the low hand, if any. 

8/B refers to the low hand, and means that, if a low hand exists, it must consist of cards valued at 8 or lower. If a low hand doesn’t exist, the high hand wins the entire pot. There is ALWAYS a qualifying high hand. 

Qualifying low hands consist of five cards with different numerical values from Ace to 8. If multiple players meet this standard, the player with the lowest high card will win the low hand and split the pot with the high hand (e.g. Ah, 2d, 5c, 6c 7d BEATS Ac, 2c, 6d, 7h, 8d). The best low hand is A, 2, 3, 4, 5 – straights and flushes do not count against a low hand, but a pair will disqualify it. An easy way to think of a low hand score is to look at the two highest cards in that hand. For example, an A, 2, 3, 4, 6 scores a 64, and would therefore beat an A, 2, 3, 5, 6 because it’s score would be 65. 

The high and low hands consist of five cards from the total of seven available at the showdown (your two pocket cards plus the five community cards), but you don’t have to use the same 7 cards for both high & low hands. If your pocket cards are Ad, 7d, and the board is 2d, 3c, 4c, 5d, 6d – you have a low hand of A-5, and a high hand of Ace high flush. 

One final point – players do not need to decide if they are playing for a high hand or a low hand, as all hands in the showdown will be evaluated for both and ranked automatically by our software. 

The value of potentially sharing the pot between a high hand and a low hand is that there is more action in the game. Some will play for the high, and some for the low. But sometimes you can play for both! As mentioned above, straights and flushes do not count against a low hand. So if you have Ac, 2c, 3c, 4c, 5c, you will share in the low hand pot (it may split between you and other A-5 straights), and your straight flush would certainly put you in good position for the high hand also.

Omaha Hi-Lo (8 or Better) Rules

Omaha High-Low is a popular version of Omaha poker game. The basic rules are like in Omaha Holdem, which is based on Texas Holdem, but there are some differences which makes the game active and interesting. 

In Hi-Lo games, the pot is split between the Hi hand and the Lo hand. The same cards may be used in declaring Hi and Lo. 

One hand may win both the Hi and the Lo halves of the pot. A frequent example of this is “the Wheel”, consisting of an Ace-2-3-4-5. 

If there is no qualifying hand for Lo, the best Hi hand wins the whole pot. 

In the division of the pot, the Hi hand receives any odd chip. 

Otherwise, all the regular rules of each game apply except that a qualifier of 8-or-better for the Lo hand applies unless a specific statement to the contrary is made. This means that the winning low hand can only contain cards of the value under 9. Hence in Flop games, the Flop must contain three cards of the value of 8 or lower. 

In order to qualify for the low half of the pot, the low hand must be 8, 7, 6, 5, 4 or lower. That’s why this game is called “8 or better”, or simply “Omaha 8”. 

Interesting moment of Omaha High-Low rules is that straights and flushes do not count against you when qualifying for Low. Also you are permitted to use different cards in your hand for the High side and different cards for the Low side or the same cards for both the High and Low sides. In a split pot, any leftover odd chip goes to the High side of the pot. 
A few casinos play with a 9-low qualifier instead, but this is not very popular. 

Possible transcriptions of Omaha High Low: “Omaha Hi-Lo”, “Omaha hi/lo”, “Omaha high/low”, “Omaha high-low”.

Five Card Stud Rules

Five Card Stud is played very similar to 7 Card Stud. The obvious difference is that each player receives; you guessed it, 5 cards. The first is dealt face down with the four following cards dealt face up 

You like all other players must ante before any cards are dealt. The amount of the ante reflects that table limits…the lower the limit, the lower the ante. $0.50/$1.00 tables have no ante, $10.00/$20.00 tables have a $1.00 ante. 

You are dealt one down card, hole card, and one up card. The player showing the lowest card by suit (highest – spades, hearts, diamonds, clubs – lowest) must bring-in the first round of betting with a forced bet of half the lower limit. Don’t worry too much about who goes first, etc., as the software will prompt the player who is to begin the betting. The next player to act, left of the first better, can ‘complete’ the bet, call or fold. After the initial betting round, three more up cards are delivered, with a round of betting after each card. In our 5 Stud game, a bet and three raises are allowed. The final raise is capped and the only options you have are to call or fold at this point. 

Betting Structure. The stakes being offered at the particular table determines the limit or maximum bet on any player’s turn. For example, at a $1-$2 table, the limit on any bet is $1 on the first two betting rounds and $2 on the final three betting rounds. We allow one bet and 3 raises in our card room. 

Noteworthy: The betting action of the first two rounds is set at the lower limit of the table structure. The exception of this rule is when a player shows a pair after the 3rd street. All players have the option to bet the higher limit for the second round of betting. If a player does bet the higher limit, subsequent bets must also be at the higher limit. The last two rounds of betting are at the higher limit. 

The Showdown
The first person to show their hand is the last person to show strength with a bet or raise. All 5 cards are used at showdown. The player holding the best poker hand wins the pot. Should multiple hands tie, the pot is split with any odd amount going to the player nearest the ‘D’ button’s left.