I got into ripple last week. Waiting on my ach transfer to complete and Ill buy more eth or btc to transfer over to xrp.
Bitcoin ?
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BCH is well over $2600 and climbing
Damn man did you take some profits? On 13 coins you're down almost 90k!
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What? I didn't buy any coins. MGTI is a stock
Ya I've been watching that stock as well but I Thought you posted having 13 BTC way back. Must have been someone else.
Hope whoever it was sold them.
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After seeing your post, I've been following MGTI. It's so volatile I don't know when to get in on t.
I learned a valuable lesson because of that stock. Always have cash reserves in your account.
With the holidays and ever since Coinbase introduced Bitcoin cash, it has been a massive rollercoaster. Bitcoin Cash really screwed everything up I feel.
I'm out of it for now
Is this the thread where we say this is all bullshit or is it another?
Well the time has come, I am seriously considering selling or trading some of my bitcoin for a C6 Z06. Half of me thinks it will go higher and other half of me says take some profits.
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Take some profits #yolo
What are the tax ramifications for selling out? If you have had it over a year, is it treated as long term capital gains? Don't see uncle sam letting you keep all the money, and I'm guessing that they have some way of knowing, especially if you use on shore bank accounts.
IIRC Coinbase reports transactions of $10K and over. Everything I've seen so far is to treat it like long term capital gains...so when you file your taxes it should been in there.
Half of the articles I read say it's mooning to a million by 2020 (bigly if true)
The other half say it's a bubble, backed by nothing, and it goan burst
The only thing I'm sure of is that people are profiting YUGE off the dips and volatility.
The thing I don't understand is that if Bitcoin ever does make it to a million, what would 21 Trillion dollars do the economy? How would anything actually gain that value when it is backed by virtually nothing?
The other half say it's a bubble, backed by nothing, and it goan burst
The only thing I'm sure of is that people are profiting YUGE off the dips and volatility.
The thing I don't understand is that if Bitcoin ever does make it to a million, what would 21 Trillion dollars do the economy? How would anything actually gain that value when it is backed by virtually nothing?
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