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Showing 20 of 108 results by TopherB
Say I have a bitcoin that was worth $20.00 4 or 5 years ago. Say I cash it in (no idea how) and I get $20K so technically I've made a bigger than huge profit. How much of that would I have to pay in California and Federal taxes?
The difference between what you paid for it and what you sold it for (minus all fees) is capital gains.
The federal capital gains rate varies depending on your income. California has the second highest capital gains tax rate but it also varies depending on income. Cali has 10 brackets and will tax you even if your income was only $1.
Re: What made you think that Bitcoin will reach $20,000 before the end 2017
From the beginning of the year, bitcoin started with around $1,000 and it is about $17,400 now. Analysts have been busy trying to give reasons why bitcoin has continued to rise all these while not minding the kicks and attack it has been getting from different world personalities and countries. Having proved many financial pundits wrong all these while, it makes one believe that bitcoin is actually unstoppable.
Do you think that bitcoin will break another record of reaching $20,000 before the end of the year?
Do you think that bitcoin will break another record of reaching $20,000 before the end of the year?
Just a few days ago on one of the exchanges it was trading at $22k, get a life, $20k btc, done that been there,
A sell price means nothing, just fools and their money. It is the buy price that matters. And that hit ATH at 17.4K today.
Normally I'd say $20K was reaching a bit except with the $2,000 swing days it might just happen in a few days. We are in uncharted territory.
Hi community, now btc is more then 15500 wha do you think - when is better to sell it? when price will go down?
Depends when you bought it. If it has doubled or more since then take your original investment out. Now no matter what you can't lose. If it rises still more sell a little more to buy some after a major correction.
Never look at the more you could have made. Look at the profit you did make.
My friend told me about Btc when it was less that $90 per coin. It was in it's infancy and it was pretty much unknown. I was nervous about putting my hard earned cash in to it so shied away. Boy has it haunted me LOL
Anyone else have this non buyers remorse ?
Anyone else have this non buyers remorse ?
Bought $25 worth when it was around 80 cents. Had no idea what I was doing; just supporting my libertarian brethren. Sadly and painfully that wallet is long lost. Didn't think about bitcoin for a few years and then got in knowing what I was doing this time. It was in low hundreds by then. Bought and sold a lot since then.
I always wonder why people bought such small amounts when the price was so low. You would think it would be better to buy $100 worth or something.
$25 was my standard amount back then for supportive causes. I didn't do it as an investment and had no expectation anything would come of it. Just a like minded idea so I threw a little support at it.
My friend told me about Btc when it was less that $90 per coin. It was in it's infancy and it was pretty much unknown. I was nervous about putting my hard earned cash in to it so shied away. Boy has it haunted me LOL
Anyone else have this non buyers remorse ?
Anyone else have this non buyers remorse ?
Bought $25 worth when it was around 80 cents. Had no idea what I was doing; just supporting my libertarian brethren. Sadly and painfully that wallet is long lost. Didn't think about bitcoin for a few years and then got in knowing what I was doing this time. It was in low hundreds by then. Bought and sold a lot since then.
Re: Weekly Trading Forecasts for Major Pairs (November 6 – 10, 2017)
I've been picture all the major currencies lately as asteroids crashing toward Earth. From your descriptions it looks like the USD is falling a little slower than the others for the moment.
I certainly do
I believe there is life in the universe. I don't believe any of it has found its way here.
I pretty much dismiss this as lunacy. But for some reason I can't shake it.
http://eververse.webnode.com/
http://eververse.webnode.com/
Re: [ANN] [ICO] Gimli - eSports Betting Platform for Streamers - ICO LIVE
I think much money can be earned in the streaming section in the future.
Are you trying to partnership with leading streaming platform like twtich/youtube or will there be another way of interaction between them?
Not sure but have you seen this post: https://medium.com/gimli-project/gimli-partners-with-mock-it-esports-75b935beccf0Are you trying to partnership with leading streaming platform like twtich/youtube or will there be another way of interaction between them?
Way to go!! By the end of the year it may reach $5000. Bitcoin is still in its infancy, with more and more adoptions it will skyrocket!
I will get there next year, but I wouldn't be surprised to see it drop just below $1000 first.
August the 2nd is too.
Ha, ha, so true!
Why I have the feeling that people just can't live without constant need for panic and disaster scenarios? And no one realy knows what will happen (if anything) on August 1, so far just unconfirmed information and speculatuin. Just relax people, please and stop spreading panic with no reason!
It works like this:
Bitcoin grows, breaking ATH and doubling its value in just a couple months, then it loses 10% in a correction. What is the result? Suddenly nobody can remember how much they earned, that it just gained 100%. All they see is that -10%.
My grandfather had a saying that always stuck with me: "No one ever lost money taking a profit."
You might lose potential profit but that isn't a real thing. My original investment is long out. Several reinvestments later, also removed. But I have plenty of coin in play. Saved my skin when we collapsed last time as I had sold half at a $1000. Bought back at $500 and watched it drop to $250. Bought back in then too but getting nervous I was chasing a dead horse and then the bounce back. Smaller moves as we bounced up and down $100 like clockwork for awhile. Then the big jump. Sold half at a $1000. Stung when it hit $2000 and I sold half. Half again at $3000. Then the correction and back in some at $2500. Lost a lot of potential profit. Locked in a lot of real profit. If we do get a plunge I'll be buying in all the way down and selling half at each $1000. And sleeping like a baby.
If I "jest held" I'd have a fraction of what I have. Even if I chase myself to the ground or halve myself out on the way to the moon... no regrets, a nice retirement and a hell of a ride.
Because my fellow libertarians were speaking of this as the next big thing I bought $50 worth of btc when they were in the 70 cent range. I didn't think anything of it I was just supporting cause as I had many of my fellowman's causes. Being the organized person I am and not really comprehending the concept I lost the wallet most likely instantly.
While I'm certain I would have sold in the pre $100 range I still look wistfully at that illusionary $70-80,000.
While I'm certain I would have sold in the pre $100 range I still look wistfully at that illusionary $70-80,000.
Considering you could have used the money to buy bitcoins and essentially double your money instead, what purchases did you make this year that you are now regretting?
If you knew what you know now, would you have been more frugal with your money?
If you knew what you know now, would you have been more frugal with your money?
People that think this way are never content. You make your choices and move on.
"Gee I could have bought bitcoin instead of this boat." robs you of the enjoyment of the boat and gains you nothing but regret.
Enjoy the boat.
I managed to misplace the first paper wallet I ever made within hours of making it. I spent a whopping $2.50 for 7.something BTC.
Not a big thing then. Smarts a bit now. It did teach me a good lesson in being careful though.
Not a big thing then. Smarts a bit now. It did teach me a good lesson in being careful though.
Bitcoin is money.
Money is a whole different animal than "Information" (the internet).
Comparisons between Bitcoin and the Internet should be spoken with that important distinction in mind.
Free exchange of Information is something that was already protected by laws. So the internet's growth happened naturally and without much resistance.
If we lived in a world where information was outlaw-able, controlled by 3-6 major corporations, or poised to nullify the relevance of major financial institutions, then the internet would've had a much different path.
The path Bitcoin is going to be taking.
-B-
Money is just a means to power. Information is power.Money is a whole different animal than "Information" (the internet).
Comparisons between Bitcoin and the Internet should be spoken with that important distinction in mind.
Free exchange of Information is something that was already protected by laws. So the internet's growth happened naturally and without much resistance.
If we lived in a world where information was outlaw-able, controlled by 3-6 major corporations, or poised to nullify the relevance of major financial institutions, then the internet would've had a much different path.
The path Bitcoin is going to be taking.
-B-
And information is 'protected' to greater and lesser depending on what country you are in. The internet has had a huge impact on the relationship between government and citizen in many countries already.
I is all about FUD nowadays. Wherever you look, shills, trolls and piles of FUD.
It's not nowadays it is human nature to resist change. Look at any innovation at any time and read what they were saying. The newspaper editorials way back when they were discussing putting electricity in homes are hysterical (In both senses of the word.)The internet did make it easier for the 'common Joe' to spread whatever idoicy he cared to though.
No it would not be possible. The economy of scottland is in the trillions of dollars, while the market cap of bitcoin is under 10 billion dollars. This is simply not feasible.
Also if scottland were to use bitcoin as a currency then the price of bitcoin would go up so quickly that there would be too great of incentives to attack the network verses the costs to attack the network that bitcoin would be destined to fail.
The GDP of Scotland is just under a $250 billion. Still a large number in terms of BTC capitalization. But a bigger problem in my mind is what do the rural areas with no internet (and often no mobile service either) do for currency in a country with no physical coin? And are all businesses regardless of size and model going to be required to have internet and equipment to be in business? Will citizens be required to have smartphones to buy groceries and a computer to pay the heating bill?Also if scottland were to use bitcoin as a currency then the price of bitcoin would go up so quickly that there would be too great of incentives to attack the network verses the costs to attack the network that bitcoin would be destined to fail.