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Message

re: Bitcoin - shave and a haircut

Posted on 10/12/17 at 4:34 pm to
Posted by PhifeDogg
Stankonia
Member since Mar 2006
6040 posts
Posted on 10/12/17 at 4:34 pm to
The dollar's at an all-time low today. It crashed to .000185 BTC.
Posted by The Boat
Member since Oct 2008
164042 posts
Posted on 10/12/17 at 8:57 pm to
quote:

Are you going to start another thread next month when Bitcoin is at a new all time high?

I suppose this is worthy of a bump.
Posted by rocket31
Member since Jan 2008
41819 posts
Posted on 10/12/17 at 9:11 pm to
quote:

Are you going to start another thread next month when Bitcoin is at a new all time high?


spicy
Posted by TigerTatorTots
The Safeshore
Member since Jul 2009
80761 posts
Posted on 10/12/17 at 9:41 pm to
$5775

Moonballing my god
Posted by LSURep864
Moscow, Idaho
Member since Nov 2007
10907 posts
Posted on 10/13/17 at 8:32 am to
What a good day to buy in the OPs post. $3400 per BTC was cheap.
Posted by rocket31
Member since Jan 2008
41819 posts
Posted on 10/13/17 at 8:57 am to
its truly amusing how many goons are giving advice on this board and upvoting posts like the OP

an opportunity of our generation is in front of us and theyd rather invest into real estate bubbles. too funny
Posted by agreenway6
SETX
Member since Aug 2017
819 posts
Posted on 10/13/17 at 9:44 am to
quote:

an opportunity of our generation is in front of us and theyd rather invest into real estate bubbles. too funny


So for a noob like me - is it too late to get in on it?
Posted by LSURep864
Moscow, Idaho
Member since Nov 2007
10907 posts
Posted on 10/13/17 at 11:20 am to
No BTC will be worth over 10K sooner than later. If you wait for a dip you might save $500 bucks, but I'd go ahead and buy your ticket to the Moon. The old timers on here are the same kind of people who couldn't see shopping online taking off 10 years ago. They think BTC is the bubble, the real bubble is the dollar, US economy and fiat currency system. The reason BTC keeps going up is because the dollar will keep going down.
Posted by Carson123987
Middle Court at the Rec
Member since Jul 2011
66377 posts
Posted on 10/13/17 at 12:05 pm to
quote:

No BTC will be worth over 10K sooner than later. If you wait for a dip you might save $500 bucks, but I'd go ahead and buy your ticket to the Moon. The old timers on here are the same kind of people who couldn't see shopping online taking off 10 years ago. They think BTC is the bubble, the real bubble is the dollar, US economy and fiat currency system. The reason BTC keeps going up is because the dollar will keep going down.


my man
Posted by Dr Rosenrosen
Member since May 2006
3333 posts
Posted on 10/13/17 at 12:20 pm to
I'm usually skeptical, but there seems to be something special going on here with BTC. And the best part is that the public generally still has no idea what BTC is or how to buy some. So we're not even close to the euphoria/crash stage yet IMO.
Posted by TigerTatorTots
The Safeshore
Member since Jul 2009
80761 posts
Posted on 10/13/17 at 12:40 pm to
Bitcoin isn't even the best crypto to own long term. They just have the luxury of being the most popular and the "first mover" advantage

Think how high this could go if more than a fraction of a percent become educated on crypto. It's still in its infancy
This post was edited on 10/13/17 at 12:41 pm
Posted by agreenway6
SETX
Member since Aug 2017
819 posts
Posted on 10/13/17 at 12:52 pm to
quote:

No BTC will be worth over 10K sooner than later. If you wait for a dip you might save $500 bucks, but I'd go ahead and buy your ticket to the Moon. The old timers on here are the same kind of people who couldn't see shopping online taking off 10 years ago. They think BTC is the bubble, the real bubble is the dollar, US economy and fiat currency system. The reason BTC keeps going up is because the dollar will keep going down.


Okay so how much is it to get in?
Posted by Teddy Ruxpin
Member since Oct 2006
39553 posts
Posted on 10/13/17 at 2:15 pm to
quote:

Yes, it is currently both. Every time I double my initial investment in crypto, I pull 20% out and put it in other more traditional investments.


Maybe a stupid question, but how do you handle taxes on this? Or not paying taxes....

Do these sites you purchase through give you annual statements for tax purposes?
Posted by PhifeDogg
Stankonia
Member since Mar 2006
6040 posts
Posted on 10/13/17 at 2:29 pm to
quote:

Okay so how much is it to get in?

However much you want to buy in for. One of the interns at my work bought in for $20. You don't have to buy 1 full BTC. You can buy a small fraction of one if you'd like. Sign up at Gemini or Coinbase if you want to jump in. Both are FDIC insured.
Posted by Bossier2323
Bossier CIty
Member since Sep 2014
1909 posts
Posted on 10/13/17 at 6:20 pm to
I love this little bit coin pyramid scheme. Everyone already invested is begging people to invest so they don't lose their money. lol shameless money hungry scammers
Posted by LSUtoOmaha
Nashville
Member since Apr 2004
26575 posts
Posted on 10/13/17 at 6:41 pm to
Don't worry about it if your gains are under $20,000. If they are over fill out a form and pay the IRS. This is based on the IRS stating what the scope of their audits would be for 2015.

In that year, 802 reported capital gains from Coinbase

This post was edited on 10/13/17 at 6:42 pm
Posted by Jones
Member since Oct 2005
90447 posts
Posted on 10/13/17 at 7:21 pm to
I don't think there is 1 person in the thread that hasn't made money.

And not 1 person has begged anyone to invest

Lol
Posted by JayDeerTay84
Texas
Member since May 2013
9847 posts
Posted on 10/13/17 at 7:58 pm to
quote:

Bitcoin could end up being a lot of things. But if you understand Technology it's impossible to be a pyramid scheme.


It's made by humans correct?


Posted by Odinson
Asgard
Member since Apr 2014
2749 posts
Posted on 10/13/17 at 8:57 pm to
Started out with 15k. With a bit of research, timing and pure dumb luck, I'm now over 75k in 6 months. 50k will go back to my Chase account end of this month for my 5 y/o's college fund. (After B Gold and maybe Seg2x fork)


I'll happily pay Uncle Sam. What a time to be alive!
Posted by Ric Flair
Charlotte
Member since Oct 2005
13652 posts
Posted on 10/13/17 at 9:14 pm to
quote:

Started out with 15k. With a bit of research, timing and pure dumb luck, I'm now over 75k in 6 months. 50k will go back to my Chase account end of this month for my 5 y/o's college fund. (After B Gold and maybe Seg2x fork)



How easy is it to transfer that amount of bitcoin to USD? How much of a cut do the exchanges take? Easier or harder than online gambling payouts back in the day (before the government cracked down on it)?
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