Bitcoin break more than 3 time the ATH this mounth, it's good to see people Hodl !BTC

Clearly ! And yes maybe he gonna hit 30K before the end of this year  And yes after the Bitcoin Run, it gonna be the turn of Altcoins, and this is gonna be insane BTC

That is the reason for bitcoin lightning network, bitcoin lightning network transaction fee is very negligible, for now, it is as low as $0.00005 or lower. For making small transactions and for everyday transactions that require low amount, people will not have any option later than to resort to bitcoin lightning network which has low transaction fee.

Do not just think that bitcoin is just only a money, it is also an asset.

I'm some kind of crypto enthusiast. First time I've known about bitcoin at the end of 2017 when it was about to get its first ATH. I've spent a few hundred $ to buy some BTC and tried to get a profit by trading. Unfortunately, I didn't get lucky but I decided to buy some more BTC and just keep on waiting when the price will get higher. Now I'm happy I haven't lost my faith but I still hope BTC will grow much higher. 

if you can survive and don't sell 1 Bitcoin you are very good. Someone will be mentally shaken when holding for a long time. Especially when the bitcoin price starts to be bearish at the lowest price below the price you bought at first. Holding is a very appropriate strategy for people who want to invest in bitcoin for a long time but get a lot of profit. But Buying bitcoin must also be at the right time in order to get a cheaper price.

You now have a new goal of reaching the $ 50k price tag. That's pretty awesome, but the $ 30k ATH is still waiting for now.

Bitcoin prices are increasing very sharply. During the last three months, they have risen by more than 160%. Going by this trend, we can expect exchange rates in excess of $100,000 per coin if the bull run lasts for another six months. But personally I don't expect the rally to go on for that long. There will be a strong correction in the prices, as a result of profit booking by short-term and medium-term investors.

I am thinking of donating more than $5000 worth of bitcoins to a charity and I am not clear about how to fill out form 8283, especially the part where you must have the donation appraised.

Does anyone have any experience with this?

FYI, I want to donate the bitcoins directly rather than selling them first because I can avoid paying taxes on the donated bitcoins.

By the way, why are those brand new accounts spamming threads? 

Bitcoin reaching Gold marketcap will be the biggest thing to ever happen in the blockchain and crypto currency space lol and i believe that it is achievable. I also feel bitcoin above Visa will be a momentarily event which we should milk well as traders / investors. It is getting clearer each day that Bitcoin is the future.

Bitcoin is headed for the stars, but to make the most profit, the Big Bitcoin Investors are causing BTC to jump around a bit. Bitcoin hangs at $20,000... going up and down, say, $500. Then it does the same at $21,000, and $22,000, and $23,000. All the little people get scared, and sell off to the Biggies before the profit goes sky-high and beyond.

Sell your bitcoins if you need food. It doesn't make sense to starve to death hoping that you will live off BTC profits.

But if you can, hang onto the Bitcoins you have. Because you will be rich when BTC goes to a $million or higher.

I am just waiting for that correction too, when we see that bitcoin will be having a sign of correction, and we can that it is already happening that is the time that we can see if that will break we can see bitcoin at 30kusd soon, so we need to analyze chart more often to make a good prediction or to make decision if we want to buy more or hold more this month until next month.

I heard IRS allows LIFO or HIFO method for crypto tax calculation (as oppose to FIFO), but LIFO/HIFO methods require more thorough transaction records keeping? 

1) Is that true?  Does IRS even allow LIFO or HIFO for crypto tax?

2) If true, using API to import transaction documents from Coinbase to Koinly satisfy the record keeping requirement?

3) Also, does using either LIFO or HIFO increase the likelihood of audit than using FIFO?

Thanks

In my opinion it made Bitcoin even stronger. More people bought it during that time. Especially financial institutions.

As bitcoin kicking up the whole market and continuing to reach its all time high price, there is a story in NAS Daily that I have watched today on a millionaire lives in a van. At first glance, I thought it is just same business as what others had to become millionaire yet he became millionaire because of BITCOIN.

He hold bitcoin when it was devaluated and sold it when it goes up. He earned almost a million dollar because of his bitcoin. And I think right now, he is part of crypto trading. Here is the story of Ben Yuu, the person behind the story of Nas: https://www.facebook.com/nasdaily/videos/1005063733326174/

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It only shows how he believed a lot in bitcoin. So, for those who have no trust in bitcoin, here is a good example that bitcoin brings a good opportunity for all.

However, I just worried about his anonymity since Nas Daily Page is a popular site. And anytime, there are criminals that might get interest to him. He might be at risk when this video was uploaded since he live in his van. Well, just a few cents for his security because he is rich and part of Cryptocurrency industry (an industry of full of hackerd and scammers).

Yep, Luno is the exchange - seems like they are doing a rather large marketing campaign

https://twitter.com/lunoglobal/status/1338353110058668032?s=21

Some cool pics in this link 

SNIP

Two mistakes here.
1. He cannot own all the bitcoins because:
1.1 Some bitcoins are lost forever.
1.2 Some people will simply not sell.
1.3 Not all bitcoins are mined yet.
1.4 As he starts buying (them all) the price will go up and up and up until the point he cannot afford to buy more. At least this is how I understand the laws of supply and demand.
1.5 He is not stupid and he would understand that if he would buy all the bitcoins they'd become worthless. Also he will always hugely diversify his investments.


2. The transaction fee for sending the bitcoins doesn't depend on how many bitcoins there are there and what's their market value. It's (in this case) about the number of inputs (does he have a few "big bills", or a huge amount of "coins" or somewhere in between).

The current Bitcoin ATH are still on going will or may go up to 30k$ more or less unlike on 2017, the current hype isn't the same as investors are conscious and many new institutions are adapting to bitcoin which makes a stronger resistance.

We can still see some more pump in the coming days or weeks. We may encounter the price correction at early January or late January next year.

Mark Cuban is just jealous he missed out for lack of PC knowledge.