Trouble Maker Posted November 6, 2017 Report Share Posted November 6, 2017 Taxes. IRS only deals in USD. If the bitcoin is never converted into currency there would be (theoretically) no tax owed. I'm going to start having work pay me in Hondacoins (at par with USD), then they won't be taxed! Quote Link to comment Share on other sites More sharing options...
Robochan Posted November 6, 2017 Report Share Posted November 6, 2017 What wallets and transaction systems do you guys use? Quote Link to comment Share on other sites More sharing options...
Doc1647545523 Posted November 7, 2017 Report Share Posted November 7, 2017 If you will mainly be in Bitcoin, Litecoin and Ethereum, coinbase.com is a reasonable choice for your wallet. You want as much security as possible. If you're considering getting into Bitcoin you may want to postpone things for another couple of weeks. Bitcoin has a hard fork coming up and even the analysts who are usually bullish on Bitcoin have been saying that it became overvalued when it hit 7600 this weekend. I liquidated 90% of my bitcoin Saturday to sit out the fork with plans to re-assess the situation after the hard fork. I hope to catch it after the adjustment. If I'm wrong and it doesn't drop, then I goofed, but I'll very likely still reinvest later this month. BTW, if you had bought Bitcoin when I suggested on October 27, a little over a week ago, and sold on Saturday when I did, you would have earned 30% on your gamble. Just an example of the volatility of which I spoke. Quote Link to comment Share on other sites More sharing options...
Widow Posted November 7, 2017 Report Share Posted November 7, 2017 This might be dumb but what platform are you buying bitcoins on? Or are you still selling the ones you mined? If you will mainly be in Bitcoin, Litecoin and Ethereum, coinbase.com is a reasonable choice for your wallet. You want as much security as possible. If you're considering getting into Bitcoin you may want to postpone things for another couple of weeks. Bitcoin has a hard fork coming up and even the analysts who are usually bullish on Bitcoin have been saying that it became overvalued when it hit 7600 this weekend. I liquidated 90% of my bitcoin Saturday to sit out the fork with plans to re-assess the situation after the hard fork. I hope to catch it after the adjustment. If I'm wrong and it doesn't drop, then I goofed, but I'll very likely still reinvest later this month. BTW, if you had bought Bitcoin when I suggested on October 27, a little over a week ago, and sold on Saturday when I did, you would have earned 30% on your gamble. Just an example of the volatility of which I spoke. Quote Link to comment Share on other sites More sharing options...
Doc1647545523 Posted November 8, 2017 Report Share Posted November 8, 2017 Buying through coinbase.com. I never mined any. Quote Link to comment Share on other sites More sharing options...
Forrest Gump 9 Posted November 8, 2017 Report Share Posted November 8, 2017 Doc, what’s about China and Vietnam banned the use of bitcoin altogether? And do you know anyone locally mining them? Quote Link to comment Share on other sites More sharing options...
Doc1647545523 Posted November 8, 2017 Report Share Posted November 8, 2017 I don't personally know of anyone mining them. As you can see from reading the thread, very few people have access to the resources to mine them profitably. China has taken a position against the use of Bitcoin, but many analysts look for China to reverse its position. China's decisions to use or to ban Bitcoin will have some effect of its value, but so far it has not been one of the biggest factors in what Bitcoin trades at. Quote Link to comment Share on other sites More sharing options...
Forrest Gump 9 Posted November 10, 2017 Report Share Posted November 10, 2017 It’s down to $6800 now. Doc, time to load up? Quote Link to comment Share on other sites More sharing options...
smokin5s Posted November 10, 2017 Report Share Posted November 10, 2017 Anyone have experience with the Miners like the S9? for the price point, they pay themselves off in 3-4 months then 500 bucks a month profit? Quote Link to comment Share on other sites More sharing options...
coltboostin Posted November 11, 2017 Report Share Posted November 11, 2017 Why would China ever accept Bitcoin? They can't touch it, control it, influence it. Fuck it. BTW, if you had bought Bitcoin when I suggested on October 27, a little over a week ago, and sold on Saturday when I did, you would have earned 30% on your gamble. Just an example of the volatility of which I spoke. Did you buy and sell though Coinbase? Are they going to 1099 you on your profit from the trade? Quote Link to comment Share on other sites More sharing options...
Doc1647545523 Posted November 11, 2017 Report Share Posted November 11, 2017 No 1099's, but they have agreed to report transactions over 10k to the US govt. Quote Link to comment Share on other sites More sharing options...
BigOxley Posted November 11, 2017 Report Share Posted November 11, 2017 Why would China ever accept Bitcoin? They can't touch it, control it, influence it. Fuck it. Did you buy and sell though Coinbase? Are they going to 1099 you on your profit from the trade? Use a exchange like Gemini, based outside the US. As long as you transfer less than $10k at a time so your bank doesn't have to report it. A friend wired $71k usd through Gemini with no issues. Sent from my iPhone using Tapatalk Quote Link to comment Share on other sites More sharing options...
Exodus Posted November 12, 2017 Report Share Posted November 12, 2017 Anyone see this? https://pastebin.com/n0aGBMQr Sent from my SM-G955U using Tapatalk Quote Link to comment Share on other sites More sharing options...
BigOxley Posted November 12, 2017 Report Share Posted November 12, 2017 Anyone see this? https://pastebin.com/n0aGBMQr Sent from my SM-G955U using Tapatalk Can you quote the article. Stupid pop-ups keep showing on my phone Quote Link to comment Share on other sites More sharing options...
Exodus Posted November 12, 2017 Report Share Posted November 12, 2017 Here you go Traders, certain information has come to my attention that is causing me grave concerns and i feel it is my duty to warn each and every one of you. ^ ^ ^ ^ We all know the scaling drama has caused a huge rift, resulting in bitcoin forking into the soon to be "Bitcoin Cash". ^ ^ ^ ^ I know many have large holdings and savings in bitcoin, and are 'hodlers' and will never sell, so when the selling starts, you may lose everything if you don't also sell. ^ ^ Gentlemen, this is certaintly not going to be gentlemen. ^ ^ ^ ^ ^ Certain information has come to light from back room channels, sources i cannot disclose ~ even writing this post will probably reveal my source - but i feel by gods will, I must warn you all. ^ ^ Selling is coming. Selling the likes of which hasn't been seen since MtGox era. ^ Already as i type this, battleships of bitcoin are being shorted on all major exchanges. ^ ^ Gentlemen, The enemy, the big blockers, have colluded and joined forces. The chinese, Jihan & co have put together a plan to replace bitcoin with bitcoin cash. ^ ^ ^ The plan goes like this: ^ Chinese miners (f2pool, antpool etc etc) have organised with major exchanges (via/huobi/okcoin etc) to support and launch bitcoin cash. ^ Initially they will let everyone who wants to sell, sell. ^ ^ Once the coin has bottomed out, and everyone who wanted to sell has sold, they [chinese miners/jihad/chinese exchanges] will begin accumulating lots and lots of bitcoin cash. ^ They will then begin to pump the price ^to around 0.1 BCC/BTC - 10% ^ The big pools won't mine it ~ they will let the smaller pools see the returns from mining this expensive, but low difficulty coin and start mining it. ^ Later, the larger pools will join, and as we know, jihad has ALOT of hashing power, their plan is for bitcoin cash to have more hashing power than bitcoin ~ and lets be honest, once t he chinese move over, that is pretty much it. ^ Around this time, the 'hard fork' section of segwit 2x is not going to happen ~ it never was - Bitcoin cash will then be seen as the original NYA coin.. ^ At that point in time, Bitcoin cash will be on all major chinese exchanges, possibly some western exchanges aswell, and have majority hashing power. Western companies & other merchant providers (BitPay - @Spair) etc - paid off by bitmain etc will go along with the new bitcoin cash narrative and will push for the 'bitcoin cash' to be called 'bitcoin' on all their platforms, leaving only coinbase et all which will then be the odd ones out.. ^ ^ ^ Now comes the scary part, The old bitcoin, the bitcoin we know and love, is going to get DESTROYED. ^ What determines a coins success ? It's market cap. ^ Big old school blockers and miners are going to dump bitcoin back to the bottom, they will take literally billions and billions of dollars out of bitcoin. They will use the money to fund the marketing, and development, or 'bitcoin cash' - Think, Bitcoin core - FIRED. ^Think - forbes article, "why bitcoin miners and companies are moving to bitcoin cash" - think - "Why the market is chosing bitcoin cash as bitcoin not bitcoin core" ^- They wil lsay the market has spoken, that people have voted with their money. ^ ^ ^ Right now, massive huge shorts are being built, already on finex, shorts are at 32k - not seen since $200 these kinds of numbers of shorts, and its climbing, all the t ime, consistently, they have ALOT of coins to short. ^ ^ ^ ^ The most painful kind of selling, is where it never bounces and if you remember MtGox from $1000 to $70, you'll remember what no bounces feels like ~ and I can tell you. This won't be any better. ^ ^ ^ Good luck all, remember - fair warning. ^ ^ Below is I grabbed, i also have some slack and telegram logs, I will sort them out later when i get back, i just want to confirm what I can safely disclose first for my own protection. Sent from my SM-G955U using Tapatalk Quote Link to comment Share on other sites More sharing options...
Exodus Posted November 12, 2017 Report Share Posted November 12, 2017 http://imgur.com/a/FcZIp Sent from my SM-G955U using Tapatalk Quote Link to comment Share on other sites More sharing options...
Forrest Gump 9 Posted November 13, 2017 Report Share Posted November 13, 2017 This Bitcoin is crazy. Over the weekend it swing from $7700 to $5700 and now back to $6800. Somebody made a lot of $$$ Quote Link to comment Share on other sites More sharing options...
Forrest Gump 9 Posted November 17, 2017 Report Share Posted November 17, 2017 It’s almost $8k A little reading to help you sleep https://www.investors.com/etfs-and-funds/etfs/before-buy-bitcoin-know-cryptocurrency-investment-risks/?src=A00220&yptr=yahoo Quote Link to comment Share on other sites More sharing options...
BigOxley Posted November 17, 2017 Report Share Posted November 17, 2017 Last year market values. Quote Link to comment Share on other sites More sharing options...
KentStateTsi Posted November 20, 2017 Report Share Posted November 20, 2017 Over $8,000 today. Anything new on the bitcoin cash deal? Quote Link to comment Share on other sites More sharing options...
coltboostin Posted November 20, 2017 Report Share Posted November 20, 2017 Has kshymkiw83 posted here? Or, did he buy and Island and call it a day? 2011! http://www.columbusracing.com/forums/showthread.php?t=93929&highlight=Bitcoin Quote Link to comment Share on other sites More sharing options...
99StockGT Posted November 20, 2017 Report Share Posted November 20, 2017 NO shit huh? Was mining a "couple a week" back when they were trading for $16 per? If he kept that up for a year and had the foresight to hold onto them.. *low slow whistle* Quote Link to comment Share on other sites More sharing options...
Rally Pat Posted November 20, 2017 Report Share Posted November 20, 2017 Has kshymkiw83 posted here? Or, did he buy and Island and call it a day? 2011! http://www.columbusracing.com/forums/showthread.php?t=93929&highlight=Bitcoin If he has, good for him! Quote Link to comment Share on other sites More sharing options...
Richard Cranium Posted November 24, 2017 Report Share Posted November 24, 2017 Anyone have experience with the Miners like the S9? for the price point, they pay themselves off in 3-4 months then 500 bucks a month profit? I'm thinking hard about this one. This seems too good to be true. Buy in for $2000 (including the PS). Every 4 months have enough saved up to buy another unit. I guess the significant point is the value of the bitcoin and whether it stays high or not. If the value halves then it's half the profit each month. Quote Link to comment Share on other sites More sharing options...
KentStateTsi Posted November 26, 2017 Report Share Posted November 26, 2017 > $9,000... Quote Link to comment Share on other sites More sharing options...
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