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Anyone into bitcoins?


Jewtoys

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"Founder of Bitcoin Rival Litecoin Sells His Cryptocurrency After 7,500% Rally"

 

http://fortune.com/2017/12/20/charlie-lee-litecoin-cryptocurrency/

 

This was due to "Conflicts of Interest"... but yeah generally not a great sign when the inventor runs for the hills. Although, cashing out at +7,500% is a no brainer

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I owned a bunch of Ripple back when it was a quarter, I got bored after a week and moved that money back to BTC. Ended up being a good move but I just moved it all back to Ripple this morning based on last night's rally.

 

Every time I try shit like this I end up losing money but I have high hopes this time.

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I still doubled my money. So not to bad still. I’m glad I did not buy any bitcoin cash. I was thinking about it.

 

Same- definitely dodged a bullet on that one.

 

Down $300 now. It'll need to go up to about $260 for me to recoup my initial investment. I did make $300 on BTC so technically I'm still even.

 

Honestly this has been fun as hell. Worth it whichever way it goes.

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Have you seen how the IRS is treating this as property vs capital gain for reporting losses. And 2018/9 tax returns will be heavily audited because of this.

 

Only thing I read was that coinbase is required to report transactions of a certain amount. I don’t have enough in to take a huge loss or worry about an audit. Just a reminder of how late I was to the party.

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