jhbchess Report post Posted February 3, 2018 But I have never really traded anything in coinbase, I have always transferred it to somewhere else. So I have made $0 in coinbase. Will I not have any liability? IRS seems to be treating it like stock so you seem to get taxed on gains. https://www.irs.gov/newsroom/irs-virtual-currency-guidance http://fortune.com/2018/01/29/bitcoin-taxe...tocurrency-irs/ Quote Share this post Link to post Share on other sites More sharing options...
BigBadLambo Report post Posted February 3, 2018 IRS seems to be treating it like stock so you seem to get taxed on gains. https://www.irs.gov/newsroom/irs-virtual-currency-guidance http://fortune.com/2018/01/29/bitcoin-taxe...tocurrency-irs/ So with the way I use coinbase I should never show any gains. And since they haven't brought the hammer down on bittrex, binance or the others I am fine for now. Quote Share this post Link to post Share on other sites More sharing options...
Fortis Report post Posted February 3, 2018 Please allow me to summarize this thought, “The greedier they are the harder they fall” Hope all is good with you , Eric True! I am doing very good, thank you 👍 Quote Share this post Link to post Share on other sites More sharing options...
megachad Report post Posted February 5, 2018 Anyone know how this works? Lets say I would put $10K into coinbase and then transfer it all to Bittrex and it just sits in Bittrex for 5 years and never goes back to coinbase, and I never made any money in coinbase, what would the resulting taxes be in that? And if I transferred $10K back to coinbase and then back to my checking account what then? Even if it climbed to a billion in Bittrex coinbase wouldn't know. As i understand, any exchange for one currency to another is like exchanging to US dollar first and then to the other currency. So any exchange from one currency to another becomes a taxable transaction. Quote Share this post Link to post Share on other sites More sharing options...
Smurf Balls Report post Posted February 6, 2018 “In my opinion, there is a gigantic speculative bubble related to bitcoin because this is neither a serious method of payment nor a good way to store capital,” he said. “Bitcoin feeds on itself” and there are no fundamental reasons for its price to reach such levels, Roubini explained" Roubini said that "HODL nuts" will hold bitcoin until it plummets to zero. source Quote Share this post Link to post Share on other sites More sharing options...
Tara Report post Posted February 6, 2018 So can I claim a loss? Quote Share this post Link to post Share on other sites More sharing options...
Torn Report post Posted February 6, 2018 So can I claim a loss? You can write off the loss up to 3000; any losses higher than that can be pushed into subsequent years. Quote Share this post Link to post Share on other sites More sharing options...
Supercar Ace Report post Posted February 6, 2018 Time to buy Quote Share this post Link to post Share on other sites More sharing options...
oufan2929 Report post Posted February 6, 2018 Time to buy Blood in the streets! Quote Share this post Link to post Share on other sites More sharing options...
Supercar Ace Report post Posted February 7, 2018 Blood in the streets! Translation = There's opportunity Quote Share this post Link to post Share on other sites More sharing options...
jhbchess Report post Posted February 9, 2018 And now crazy Russian nuclear scientists are trying to mine bitcoin using supercomputers... Maybe they could host this site? http://www.bbc.com/news/world-europe-43003740 Quote Share this post Link to post Share on other sites More sharing options...
Smurf Balls Report post Posted February 11, 2018 And now crazy Russian nuclear scientists are trying to mine bitcoin using supercomputers... Maybe they could host this site? http://www.bbc.com/news/world-europe-43003740 Quote Share this post Link to post Share on other sites More sharing options...
US/UK-Diablo Report post Posted March 12, 2018 Here yu go. I think this will clear things up. Quote Share this post Link to post Share on other sites More sharing options...
MasterShake Report post Posted March 29, 2018 Has anyone heard anything about the apollo currency? Seems to me that an unregulated crypto would be a farce? Quote Share this post Link to post Share on other sites More sharing options...
TestShoot Report post Posted March 30, 2018 i have this prediction that it will dip below 5k before it really re-ignites. Quote Share this post Link to post Share on other sites More sharing options...
Fortis Report post Posted March 30, 2018 Are we still doing this ? LOL Quote Share this post Link to post Share on other sites More sharing options...
jhbchess Report post Posted March 30, 2018 Are we still doing this ? LOL Fortunately I sold all of it except 1 bitcoin when it got to $11,420. It's been added to my "buy a fun car" fund. I figure I'll keep 1 bitcoin on a hardware wallet, forget what the password is, and leave my children frustrated one day when it's worth a ton of money again. Quote Share this post Link to post Share on other sites More sharing options...
emanon Report post Posted March 30, 2018 Fortunately I sold all of it except 1 bitcoin when it got to $11,420. It's been added to my "buy a fun car" fund. I figure I'll keep 1 bitcoin on a hardware wallet, forget what the password is, and leave my children frustrated one day when it's worth a ton of money again. You might consider picking up a bit at the current prices. March is historically bad and things should pick up soon. Quote Share this post Link to post Share on other sites More sharing options...
Fortis Report post Posted March 30, 2018 Fortunately I sold all of it except 1 bitcoin when it got to $11,420. It's been added to my "buy a fun car" fund. I figure I'll keep 1 bitcoin on a hardware wallet, forget what the password is, and leave my children frustrated one day when it's worth a ton of money again. Quote Share this post Link to post Share on other sites More sharing options...
Redlambo Report post Posted March 31, 2018 I figure I'll keep 1 bitcoin on a hardware wallet, forget what the password is, and leave my children frustrated one day when it's worth a ton of money again. Quote Share this post Link to post Share on other sites More sharing options...
Lightning Report post Posted August 21, 2018 Been a while since this thread was active. Anyone still buying cryptos or just holding quietly at this point? l'm curious about ETH at these levels. I have a friend who has been averaging down for months now and who continues to rave about how much of an opportunity it is at these levels (sub $300, currently $275). That being said...he also said the same when it first fell under $500, so he may be more optimistic than most. I know he is holding 6-figures worth at this point though, so his confidence intrigues me. He also has a few BTC and LTC, but ETH is the one he is banking on. Any opinions/thoughts appreciated! Quote Share this post Link to post Share on other sites More sharing options...
Redlambo Report post Posted August 21, 2018 Been a while since this thread was active. Anyone still buying cryptos or just holding quietly at this point? l'm curious about ETH at these levels. I have a friend who has been averaging down for months now and who continues to rave about how much of an opportunity it is at these levels (sub $300, currently $275). That being said...he also said the same when it first fell under $500, so he may be more optimistic than most. I know he is holding 6-figures worth at this point though, so his confidence intrigues me. He also has a few BTC and LTC, but ETH is the one he is banking on. Any opinions/thoughts appreciated! Long term I am not a believer and think that most of these cryptocurrencies will vanish. While I do think BTC, LTC & ETH will survive I would grab my profits and run in the short term. Just my 2 cents. Vic Quote Share this post Link to post Share on other sites More sharing options...
emanon Report post Posted April 3, 2019 Seems like a good time to refresh this one. Sprite, other guys who got in early. What are your thoughts on the recent rebound? Quote Share this post Link to post Share on other sites More sharing options...
Dummir Report post Posted April 8, 2019 Personally I am not into Bitcoin but I heard that some people started to buy commercial property in Costa Blanca https://tranio.com/commercial/spain/costa_blanca/ using Bitcoins. Have no idea how long you have to mine it and how much you have to have but apparently it's becoming like a real currency in some countries. Who knows what will happen with Bitcoin in 10 years from now. Quote Share this post Link to post Share on other sites More sharing options...
emanon Report post Posted June 12, 2019 Congrats to anyone who bought LTC in 2019, you're making a damn killing. Quote Share this post Link to post Share on other sites More sharing options...
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