Bitcoin


This is insane. There is no way in hell this is sustainable. I am sure regulators are looking hard at this.
The regulators can look, but what can they really do? This is global not just the US. The IRS is already trying to get involved, but even that is proving difficult.
 
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I dont have a dog in this hunt, but I want to share some advice that was given to me during my 30s.

1. Never fall in love with a stock / investment
2. Bears make money, bulls make money, pigs get slaughtered
3. You cant time the market. - Be happy with the profit you made, dont worry about what ifs or if the value of your investment goes up after you are out.

What is Bitcoin?

http://www.bbc.com/news/business-42150512

There are two key traits of Bitcoin: it is digital and it is seen as an alternative currency.

Unlike the notes or coins in your pocket, it largely exists online. Although there are some specialist ATMs which issue bitcoins, it may be best to think of them as being more like virtual tokens.

And secondly, Bitcoin is not printed by governments or traditional banks.

That means it is "not legal tender, you can't pay your taxes or use it to settle debts", says Dr Garrick Hileman of the Judge Business School at University of Cambridge
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And secondly, Bitcoin is not printed by governments or traditional banks.

That means it is "not legal tender, you can't pay your taxes or use it to settle debts", says Dr Garrick Hileman of the Judge Business School at University of Cambridge
.

Because it's not issued by any government is why it's hot. It's not tied down to anyone's fiscal economics.

If you can cash it in, you pay your debts with that tender you exchanged it for.
 
Because it's not issued by any government is why it's hot. It's not tied down to anyone's fiscal economics.

If you can cash it in, you pay your debts with that tender you exchanged it for.

Any comments on my 3 words to the wise?
 
How are you doing with your investments?

Did anyone panic?

You are experiencing a down market. How are you dealing?
 
So I just purchased bitcoin just a few minutes ago do this take a couple of mins to monitor the status or do I just wait and see what happen in the market. I’m completely new to this.
 
So I just purchased bitcoin just a few minutes ago do this take a couple of mins to monitor the status or do I just wait and see what happen in the market. I’m completely new to this.

It will take a few days to get funded depending on how you purchased it. I used coinbase for mines and it took about 7 days, but it was at the price I bought it and not the price when it clears. You should be able to just follow how it standings are just like ordering a package.
 
If you own bitcoin, here’s how much you owe in taxes

https://www.usatoday.com/story/money/taxes/2018/01/25/bitcoin-how-much-you-owe-taxes/1064772001/

Whether you've used bitcoin as an investment or as a currency, you owe taxes on it.

As far as Uncle Sam is concerned, bitcoin is not currency. It's property. That means whenever you buy something with bitcoin, it's two transactions, not one. What you're actually doing is selling a property (bitcoin) for a cash value and then using money from that sale to buy a product. So every single purchase you make with bitcoin has to be reported on your taxes.

For many, though, bitcoin is just an investment. If you've held those bitcoins for less than a year and sell them, that cash will be taxed as income. If you've held for more than a year, it's taxed as a capital gain — which could run 20%. Adding on transaction and accounting fees could raise costs to 60%, as was the case for one early bitcoin adopter.



 


https://www.yahoo.com/news/us-regulators-trying-figure-cryptocurrency-024900744.html

US regulators are trying to figure out what to do with cryptocurrency

Both chairman of the Securities and Exchange Commission (SEC) and chairman Christopher Giancarlo of the Commodity Futures Trading Commission (CFTC) will warnCongress tomorrow about how risky cryptocurrencies are for investors and the financial system as a whole. According to prepared testimony published today, they will advocate for reviewing the smattering of rules guiding cryptocurrency exchanges, and potentially replacing them with federal regulation. Ultimately, they want to safeguard everyone without stifling innovation.

"A key issue before market regulators is whether our historical approach to the regulation of currency transactions is appropriate for the cryptocurrency markets. Check-cashing and money-transmission services that operate in the U.S. are primarily regulated by states. Many of the internet-based cryptocurrency-trading platforms have registered as payment services and are not subject to direct oversight by the SEC or the CFTC. We would support policy efforts to revisit these frameworks and ensure they are effective and efficient for the digital era," Giancarlo and Clayton wrote in an op ed in The Wall Street Journal.
 
https://www.nytimes.com/2018/08/20/technology/cryptocurrency-investor-losses.html

After the Bitcoin Boom: Hard Lessons for Cryptocurrency Investors

SAN FRANCISCO — Pete Roberts of Nottingham, England, was one of the many risk-takers who threw their savings into cryptocurrencies when prices were going through the roof last winter.

Now, eight months later, the $23,000 he invested in several digital tokens is worth about $4,000, and he is clearheaded about what happened.

“I got too caught up in the fear of missing out and trying to make a quick buck,” he said last week. “The losses have pretty much left me financially ruined.”

Mr. Roberts, 28, has a lot of company. After the latest round of big price drops, many cryptocurrencies have given back all of the enormous gains they experienced last winter. The value of all outstanding digital tokens has fallen by about $600 billion, or 75 percent, since the peak in January, according to data from the website coinmarketcap.com.

The virtual currency markets have been through booms and busts before — and recovered to boom again. But this bust could have a more lasting impact on the technology’s adoption because of the sheer number of ordinary people who invested in digital tokens over the last year, and who are likely to associate cryptocurrencies with financial ruin for a very long time.
 
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Great New for you that have been riding it!

Bitcoin jumps to 9-month high as price grows by 135% since December


Bitcoin's price has grown by 135% since December 15 when the price fell to less than $3,200. The price has briefly surpassed $7,500 on Sunday, which was last seen on August 2; more than 9 months ago. At the time of publication, bitcoin is trading at $7,120 with a market cap of $125.7 Billion.

Meanwhile ether, the second largest cryptocurrency, has seen even more drastic growth. Ether's price has grown by nearly 150%
 

Bitcoin Is a Delusion That Could Conquer the World

The cryptocurrency’s current price is completely unreal. Then again, so is money.

A bar of gold. A disk of iron. A chain of beads. A card of plastic. A slip of cotton-linen paper. These things are worthless. One cannot eat them, or drink them, or use them as a blanket. But they are valuable, too. Their value comes from the simplest thing. People believe they are money, and so they are.

If every currency is a consensual delusion, then bitcoin, a digital cryptocurrency that changes hands over the internet, feels more like a consensual hallucination on psychedelic drugs. The concept of bitcoin was born in a detailed white paper published in late 2008 by a pseudonymous “Satoshi Nakamoto.” By 2013, one bitcoin was worth $12. As of this writing, it’s worth more than $10,000. Its value has doubled in the last two months alone. For any currency’s value to increase by 100 percent in eight weeks is, to use a technical term, bonkers. If the Japanese yen or American dollar did the same, their economies would plunge into an infernal deflationary spiral.
 
You guys are doing very well.

Congratulations to all of you! I hope you have taken all of your cost out of bit coin and taken some of the profit.

BEARS MAKE MONEY, BULLS MAKE MONEY, PIGS GET SLAUGHTERED.
 
I must admit that I don't know much about Bitcoin, however, my NVAX and MRNA have done quite well over the past 6-7 months!:)
 
He basically rode the Dogecoin wave and teased them only to put $1.5 billion into Bitcoin and in essence made millions upon millions for him and his billionaire friends who own Bitcoin (because regular folks cant afford a $40K+ coin)

Doge has to wait a lil while longer before taking off (currently holding at around .08 a coin at last check)
 
I need some help really bad years ago I brought like 13 bitcoin I finally found my 12 word passkey I got an email saying my wallet exist in the bitcoin app that is encrypted I have no clue what to do next with this encrypted attachment
 
I need some help really bad years ago I brought like 13 bitcoin I finally found my 12 word passkey I got an email saying my wallet exist in the bitcoin app that is encrypted I have no clue what to do next with this encrypted attachment
What wallet and app are you using?
 
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