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re: Official CryptoTalk Thread

Posted on 5/22/17 at 1:32 pm to
Posted by 50_Tiger
Dallas TX
Member since Jan 2016
40346 posts
Posted on 5/22/17 at 1:32 pm to
Like if for whatever reason I cashed out and made money (short term cap gains) do I need to report the income?
Posted by Carson123987
Middle Court at the Rec
Member since Jul 2011
66521 posts
Posted on 5/22/17 at 1:32 pm to
Posted by mb810
Member since Dec 2011
257 posts
Posted on 5/22/17 at 1:32 pm to
How much did that cost? I've read about hardware wallets. Couldn't you convert a regular USB drive into an encrypted one?
Posted by barry
Location, Location, Location
Member since Aug 2006
50382 posts
Posted on 5/22/17 at 1:35 pm to
quote:

Like if for whatever reason I cashed out and made money (short term cap gains) do I need to report the income?


yes
Posted by okietiger
Chelsea F.C. Fan
Member since Oct 2005
41008 posts
Posted on 5/22/17 at 1:39 pm to
I would think so
Posted by okietiger
Chelsea F.C. Fan
Member since Oct 2005
41008 posts
Posted on 5/22/17 at 1:40 pm to
Do any of you guys watch Silicon Valley?

I swear to God Richard's current project is totally Ethereum.
This post was edited on 5/22/17 at 2:42 pm
Posted by Carson123987
Middle Court at the Rec
Member since Jul 2011
66521 posts
Posted on 5/22/17 at 1:42 pm to
Haven't started the most recent season. Is that where they're going with Pied Piper?
Posted by mb810
Member since Dec 2011
257 posts
Posted on 5/22/17 at 1:42 pm to
I think it's not even trying to hide that it is
Posted by SoFresh
New Orleans
Member since May 2010
3068 posts
Posted on 5/22/17 at 1:45 pm to
quote:

I swear to get Richard's current project is totally Ethereum.


So I just learned about Ethereum and blockchains in great detail last week and I was telling my buddy the exact same thing. It's uncanny
Posted by TheWiz
Third World, LA
Member since Aug 2007
11695 posts
Posted on 5/22/17 at 1:47 pm to
Anyone getting in at $180?
Posted by WG_Dawg
Hoover
Member since Jun 2004
86624 posts
Posted on 5/22/17 at 1:49 pm to
quote:

Long story short: I'm hoping it goes $2-3000k+ within 2-3 years. And I'll gamble by holding hoping for just that.


Exactly this. I've put some money in the last few weeks, nothing insane and I don't hold a lot of units. It's certainly worth more now than what I put in, but I got in with the mindset of it being a long term play and an holding to that. If it gets up into the multiple thousands per unit I'm gonna be glad I didn't sell out just to make a few hundred bucks.
Posted by Carson123987
Middle Court at the Rec
Member since Jul 2011
66521 posts
Posted on 5/22/17 at 1:51 pm to
Waiting for my bank account to get verified. I'll drop $1000 no matter the price once I can deposit funds, then I'll wait and see where it goes. I'd like to see a dip before I drop another couple grand.

Coinbase said it will make 2 small transactions in my account which I then have to verify. Should take 2-3 days apparently. Need to get my ID uploaded for PayPal and Cc
Posted by TheWiz
Third World, LA
Member since Aug 2007
11695 posts
Posted on 5/22/17 at 1:52 pm to
quote:

Coinbase said it will make 2 small transactions in my account which I then have to verify. Should take 2-3 days apparently. Need to get my ID uploaded for PayPal and Cc


Really? I logged in through my USAA credentials and I had a $2500 limit in about 45 seconds.
Posted by joeytiger
Muh Mom's House
Member since Jul 2012
6037 posts
Posted on 5/22/17 at 1:53 pm to
Is coinbase a website or do I need to get the app to start buying?
Posted by joeytiger
Muh Mom's House
Member since Jul 2012
6037 posts
Posted on 5/22/17 at 1:54 pm to
The app reviews had some troubling things in there about accounts being closed and money being taken without notice and without reimbursement.
Posted by Carson123987
Middle Court at the Rec
Member since Jul 2011
66521 posts
Posted on 5/22/17 at 2:02 pm to
quote:

I logged in through my USAA credentials and I had a $2500 limit in about 45 second


Interesting. I have a $2500 limit but I can't actually purchase without the verification
Posted by TigerTatorTots
The Safeshore
Member since Jul 2009
80856 posts
Posted on 5/22/17 at 2:04 pm to
I've been at Hangout Fest all weekend. Shitty cell service and not trusting public wifi prevented me from adding more ETH to the units I already bought back at $80
Posted by 50_Tiger
Dallas TX
Member since Jan 2016
40346 posts
Posted on 5/22/17 at 2:08 pm to
Well I can assure you its not 80 dollars currently LOL
Posted by PoBoy1
Member since Mar 2014
380 posts
Posted on 5/22/17 at 2:13 pm to
Coinbase rejected my numerous attempts to link my credit and debit cards. Now I have to wait 24 hours...
Posted by TigerTatorTots
The Safeshore
Member since Jul 2009
80856 posts
Posted on 5/22/17 at 2:13 pm to
I've noticed. I've been following off and on all weekend shooting myself for not being able to buy as it ran up
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