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PhifeDogg
New Orleans Saints Fan
Stankonia
Member since Mar 2006
5111 posts

re: Bitcoin - shave and a haircut
The dollar's at an all-time low today. It crashed to .000185 BTC.


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50
The Boat
Duke Fan
Nazi Germany
Member since Oct 2008
94397 posts

re: Bitcoin - shave and a haircut
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.


rocket31
Toledo Fan
Member since Jan 2008
33478 posts

re: Bitcoin - shave and a haircut
quote:

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


spicy


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10
TigerTatorTots
New Orleans Pelicans Fan
The Safeshore
Member since Jul 2009
74492 posts

re: Bitcoin - shave and a haircut
$5775

Moonballing my god


LSURep864
LSU Fan
Spartanburg,,SC
Member since Nov 2007
6571 posts

re: Bitcoin - shave and a haircut
What a good day to buy in the OPs post. $3400 per BTC was cheap.


rocket31
Toledo Fan
Member since Jan 2008
33478 posts

re: Bitcoin - shave and a haircut
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


agreenway6
LSU Fan
Beaumont
Member since Aug 2017
281 posts

re: Bitcoin - shave and a haircut
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?


LSURep864
LSU Fan
Spartanburg,,SC
Member since Nov 2007
6571 posts

re: Bitcoin - shave and a haircut
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.


Carson123987
Texas Fan
Middle Court at the Rec
Member since Jul 2011
58481 posts
 Online 

re: Bitcoin - shave and a haircut
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


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00
Dr Rosenrosen
Tulane Fan
Member since May 2006
1997 posts

re: Bitcoin - shave and a haircut
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.


TigerTatorTots
New Orleans Pelicans Fan
The Safeshore
Member since Jul 2009
74492 posts

re: Bitcoin - shave and a haircut
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 at 12:41 pm


agreenway6
LSU Fan
Beaumont
Member since Aug 2017
281 posts

re: Bitcoin - shave and a haircut
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?


Teddy Ruxpin
LSU Fan
Austin, TX
Member since Oct 2006
32233 posts

re: Bitcoin - shave and a haircut
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?


PhifeDogg
New Orleans Saints Fan
Stankonia
Member since Mar 2006
5111 posts

re: Bitcoin - shave and a haircut
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.


Bossier2323
Louisiana Tech Fan
Bossier CIty
Member since Sep 2014
1668 posts

re: Bitcoin - shave and a haircut
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


LSUtoOmaha
LSU Fan
Nashville
Member since Apr 2004
24412 posts

re: Bitcoin - shave and a haircut
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 at 6:42 pm


Jones
New Orleans Saints Fan
Member since Oct 2005
74089 posts

re: Bitcoin - shave and a haircut
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


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21
JayDeerTay84
LSU Fan
Texas
Member since May 2013
5991 posts
 Online 

re: Bitcoin - shave and a haircut
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?




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10
Odinson
LSU Fan
Asgard
Member since Apr 2014
1963 posts

re: Bitcoin - shave and a haircut
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!


Ric Flair
LSU Fan
Charlotte
Member since Oct 2005
9604 posts

re: Bitcoin - shave and a haircut
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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