Separate names with a comma.
Discussion in 'Crypto Forum' started by heyimsnuffles, Dec 22, 2016.
internationalstocks last post shows 16.35M circulating BTC with 21M the limit.
Buy the dips and pullbacks for Zcash,Dash,Bitcoin and Ethereum
That is actually not much considering the fact that cryptocurrency is nearing the trading levels of Stock Exchange
New record high.. $4000 next..?
Most Cryptocurrencies seem to be doing quite well these days
$3200 cleared now..
Keep an eye out on TenX too
what exactly is TenX?
Told you guys
$3500 cleared now
$3800 cleared for Bitcoin and $5.6 cleared for TenX
Taking into account the fact that it is possible to circumvent a lot of money laundering laws with the help of bitkoyn, I think soon the governments will take it under full control.
While the gov don't take it under control, let them take the opportunity to do dirty things)
I so much believe in it's future. Especially if it will react like gold in a market crash. It looks good at the moment and nothing has made me think it's a bad investment.
I also believe that crypto currency is the future.
I'm not invested in it in any way though, just observing patiently, seeing how it unfolds.
Buy all dips and pullbacks. The bigger the drops the more you can buy. Buy and hold. Bitcoin hit $5000 today before dipping to $4500 on profit taking.
Above are all good if you want to diversify your investment. After you buy save them on an external storage device on your own side. Keep them off of local servers. Buy a dedicated laptop only to use for trading Cryptocurrency. Do not use laptop for any other web surfing. Do not download anything on it. Surf only from home secure wifi connection. Do not use any free wifi while outside of your home. When you are done turn wifi off on laptop and turn computer off. I would avoid Windows based laptop and use an Apple MacBook
Use separate computer for all other online stuff you do.
Do you have to pay taxes on profits from bitcoin trading?
If You Traded Bitcoin, You Should Report Capital Gains To The IRS
Spoiler: Full Article
The IRS considers cryptocurrencies, including Bitcoin, to be “intangible property.” Investors and traders holding cryptocurrency as a capital asset should use capital gain or loss tax treatment on sales and exchanges, with the realization method. For example, if you buy Bitcoins with U.S. dollars and later sell them for U.S. dollars, a capital gain or loss needs to be reported on that transaction.
Americans also trade Bitcoins or leveraged Bitcoin contracts on Bitcoin exchanges, and they should report realized capital gains and losses on each trade, even if the trader doesn’t convert underlying Bitcoin back into U.S. dollars.
It’s similar to having a foreign-based brokerage account, denominated in a foreign currency (i.e., Euros), where a trader buys and sells European equities held in Euros, and does not convert Euros back to U.S. dollars during the year. Two choices for tax reporting: Convert Bitcoin to U.S. dollars on each purchase and sale transaction using the Bitcoin market price that day denominated in U.S. dollars, or use Bitcoin as a functional currency, using an average Bitcoin vs. U.S. dollar conversion rate for the tax year.
The CFTC does not permit American retail customers to trade leveraged Bitcoin contracts on Bitcoin exchanges. (Read my related blog post: If You Want To Trade Bitcoins, First Learn CFTC Rules.)
Whether it’s legal or not under CFTC regulations, the IRS requires American resident taxpayers to report Bitcoin trading income and losses worldwide on U.S. resident tax returns. It doesn’t matter whether you repatriate funds back to the U.S., or not.
IRS guidance on cryptocurrency
In March 2014, the IRS issued long-awaited guidance (IRS Notice 2014-21) labeling cryptocurrency, including Bitcoin, “intangible property.” Investors and traders hold Bitcoin as a capital asset, so it receives capital gain and loss treatment. The AICPA and others have requested further guidance on virtual currency from the IRS. For investors and traders, I have a few unresolved questions below.
Intangible property is not a security, yet it seems logical that several tax rules for investors and traders are similar, whereas a few others are not.
The timing of this ICO ban is interesting. Right after Ripple's meetings with China, hmm...
Bitcoin is a type of digital currency that is created in 2009.Bitcoin is a digital cryptocurrency made up of processed data blocks that are generally used for online purchases. Because bitcoins are limited and their value is determined by market forces, bitcoins are also traded same as stocks on various exchanges.
Bitcoin Prediction 2030: Kim Dotcom Says $100,000 Bitcoin Price Is Possible - Profit Confidential
Buy all dips,crashes and pullbacks. When it drops, close your eyes and just buy. After you buy forget about not them. Wait for next big drop and buy again. This worked for the last 9 years since the DOW crashed back in 2008 and will work in the same way for Bitcoin,Eretheum,Zcash,TenX,Bitcoin Cash and a few others.