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Todays payouts should total to over 0.25BC and tomorrow principal rounds begin with over 0.75BTC being paid!
So what is your projected outlook for this investment ? Meaning, obviously you are attempting to raise money to make money, so are you looking to do this months out, or is this just something for a few weeks ? I'm wondering how open eneded it is. After losing a decent amount of money elsewhere I'm not looking to jump in for a few weeks. |
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I don't understand, if your website just has a deposit address then how do you know what address to pay out to ?
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If you're doing anything other then pump and dump on coins with the potential, like GLOBE and START, then you are just wasting your time and money. Alt coins arnt even an asset, unlike Bitcoin which is an asset and is traded on the general market and can be shorted against actual currencies.
My advice is look at the charts for each Alt coin. If you see any with drastic repetitive spikes and drops, buy at a low and sell at a high, then transfer back to BTC. If you're in the US, hold USD until the buy is capable, transfer to BTC, transfer to ALT, then at the spike sell off back to USD. Otherwise your Altcoin value is volatile by BTC price drops. If you're hoping to invest in LTC and take the cake if BTC price plumets, well I don't see how you're coming out of top since all ALT coins are pegged in the market to BTC anyhow. Your order of value and investing in ALT coins should be looked at in terms of, what is the currency value which is pegged to BTC, what is the value of the ALT coin pegged to BTC. If you did like me and invested in START before Max Keisers 48 hour STARTcoin fund on BankToTheFuture when START was like 0.00012 and BTC was like $235, then you did pretty good a week or two ago if you sold when START reached 0.0008 and BTC was up at about $300.
Read the news, watch the charts, don't marry your investment.
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I fixed it, same problem for Bitcoin-qt and Startcoin-qt its an issue with the /user/appdata/roaming file being corrupt, even after uninstall it stays and you need to delete the entire folder after backing up wallet file then re-sinstalling.
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Buy a bit of everything.
Remember that guy who turned $27 into $1 million.
That only works if you buy the coins when they are like fractions of a cent.
That's kind of what I've been doing, tossing $20 into everything that has at least some trade volume on Bittrex. However my perspective is that there is no way so many cryptocurrencies are going to go mainstream, they are still complicated and enough people arn't even ever going to use Bitcoin. There also has to be some intrinsic value of use. Why is everyone going to waste their time switching to the next crypto currency that comes out every month ? What applicable value does the crypto currency have ? Is it being implimented by a bank or some stupid chat program ? Basically what's the value of the entity or asset that issues it. |
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For no explainable reason Startcoin-qt keeps crashing. It tells me "windows encountered an error" and doesn't tell me what or why. It used to work and I don't understand why it does not now, I tried uninstalling and reinstalling multiple times. Anyone got a clue what to do ? I'm using Windows Vista.
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Can someone explain to me how to upload the backed up .DAT file I have exported from StartCoin QT to a new computer ? My old computer won't connect to the internet anymore so I loaded Startcoin QT on a new computer and I have my old StartCoin wallet backed up as a .DAT film on a USB drive but I have no idea how to access those Startcoins. Thanks.
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Anyone aware of any other websites similar to Brawker where you can purchase general products from anywhere on the net at a discounted rate ?
I think you can create Amazon wishlists from product on other websites then use https://purse.io/Oh cool thanks I didnt know you could order any item for the wish list, thought it was just Amazon items |
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Anyone aware of any other websites similar to Brawker where you can purchase general products from anywhere on the net at a discounted rate ?
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Any benefit to providing Liquidity in Okcoin over Bitfinex ?
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I'll trade very small on OKcoin and a little bit on Bitfinex, but ultimately if I'm successful I'll use Bitfinex.
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Very possible to short Bitcoin. Just move your Bitcoins to Okcoin. It is the cheapest option as other exchanges have large markups that you have to wait $1 price moves in order to profit. While in Okcoin, you could already profit in 50 cents move. If you're a gambler, Okcoin has 20x margin trading. Bitfinex only 3x. Okcoin is insolvent. Don't send a single satoshi to them. They've resorted to scamming and I would avoid dealing with anyone who mentions them. Okay thanks, Ill experiment with Bitfinex Can anyone give me a Bitfinex reference code ? I respect your options to short but doing it at this point is flat out financial suicide. That said, OkCoin or bitfinex allows you to go 20x-3x or more so. If you have to "short'', just hold off on buying til a certain point and then buy at your chosen point. Going leveraged is playing w/ fire and this is your warning. Many did this over the last year plus but things are coming down to a different market, so it's your choice atm. One bad play on this and you're wiped out to never recover and want nothing good for yourself. Watching the BTC price fluctuate the past 6 - 8 months I do make money longing it against the USD, but I dont make money during the almost preditable monthly - bimonthly price drop. With the possibility to short I can make a little money during the downswings as well as the upswings. |
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IRS considers bitcoin property, so yes you will have capital gains. If you held them for 1 year + 1day or more they are long-term capital gains and get preferential treatment. As to your basis in them, under the regs you are suppose to use the amount paid for them, or if mined the value you reported as income at the time they were mined.
Hope that helps.
I have invested $500 in a Bitcoin share, so I have to report $500 to the IRS ? Is the $500 all I have to report regardless of the gains ? What if there are loses ? Do you know what forms I file ? Any idea if registering an investment business would lower my taxable amount ? Sorry for so many questions, I guess I'll just contact the local IRS office. We're past April 15, but you're talking about next years taxes not this years, right? When did you make your investment? If it was less than a year before you sell it, it's taxed as a short term gain which is the rate of ordinary income. If it's over a year, then it's long term gain, which is taxed at a much lower rate, depending on your total income. Forming a business to try to lower the taxes on a $500 purchase doesn't seem worth it; first there's the expense of forming the business itself, and I can't imagine what expenses you'd hope to claim to reduce your gain that you couldn't claim on your own. (Not a tax professional, don't consider this advice, just my thoughts based on the little you shared) Oh and the form for reporting gains and losses is schedule D So what you are saying is I will not get significant tax reductions if I form a business for trading Bitcoins ? I have more then $500 in investments. |
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In some parts of the world if you do not pay back the debt the debt collector can seize any property from you. In the uK debt collection agencies send out bailiffs to the debtors house to collect any property that might be worth something, like cars, computers, furniture, jewellery, which will be auctioned off for roughly 50% of it's value and paid off against the debt. I assume this could extend to Bitcoin. You cannot prevent the Bailiffs from entering your house, if you do they will call the police who will try and force their way in. And you have to pay the Bailiffs a fee too which is automatically added onto the debt. They can also come back as many times as they want. This might seem bad but it isn't as bad as other parts of the world like South Korea where the debt collector can literally just show up at your door and break your legs if you don't pay up.
I'd say it may be possible to hide your money with Bitcoin. If you don't give up the password, there isn't a whole lot they can do about it. Though I strongly advise against doing this as it's almost certainly illegal, though I am not an expert on law or anything.
Wow. I don't use debt except for my mortgage but I would love to see these "bailifs" try that in the US. We have car recovery agents assaulted and even shot at times. I guess we have differeing opinions on private property and owership here. To the original question, put your coins in a paper wallet and hide it well. Then wipe the hard drive on the computer you used to generate the wallet. Haha yeah ... show up to my place in the boonies and try to take my property without a court order. I forgot the rest of the world is a bunch of unarmed pansies. |
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Very possible to short Bitcoin. Just move your Bitcoins to Okcoin. It is the cheapest option as other exchanges have large markups that you have to wait $1 price moves in order to profit. While in Okcoin, you could already profit in 50 cents move. If you're a gambler, Okcoin has 20x margin trading. Bitfinex only 3x. Okcoin is insolvent. Don't send a single satoshi to them. They've resorted to scamming and I would avoid dealing with anyone who mentions them. Okay thanks, Ill experiment with Bitfinex Can anyone give me a Bitfinex reference code ? |
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Is it even possible to short the BTC market ? Ive been longing it for a while but Im not aware of any shorting options. I know Coinbase doesnt have any and BTC isnt traded on Forex. Im US based.
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IRS considers bitcoin property, so yes you will have capital gains. If you held them for 1 year + 1day or more they are long-term capital gains and get preferential treatment. As to your basis in them, under the regs you are suppose to use the amount paid for them, or if mined the value you reported as income at the time they were mined.
Hope that helps.
I have invested $500 in a Bitcoin share, so I have to report $500 to the IRS ? Is the $500 all I have to report regardless of the gains ? What if there are loses ? Do you know what forms I file ? Any idea if registering an investment business would lower my taxable amount ? Sorry for so many questions, I guess I'll just contact the local IRS office. Depending on the length of time you owned it, would determine if it's a short-term or long-term classification. You will report it on Schedule D of your individual tax return unless you are set up as a company. So as I understand, Long-term classification was the Year + 1 day you were talking about, which is a better investment bracket ? How would registering a business affect my investmented taxable amount compared to individual ? Is it a reduction ? Something else that confuses me, is simply byuing bitcoins through a wallet like Coinbase or Circle from my bank account, holding until the price rises, then selling and making profit considered a capital gain / loss ? I'll look into Schedule D. |
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IRS considers bitcoin property, so yes you will have capital gains. If you held them for 1 year + 1day or more they are long-term capital gains and get preferential treatment. As to your basis in them, under the regs you are suppose to use the amount paid for them, or if mined the value you reported as income at the time they were mined.
Hope that helps.
I have invested $500 in a Bitcoin share, so I have to report $500 to the IRS ? Is the $500 all I have to report regardless of the gains ? What if there are loses ? Do you know what forms I file ? Any idea if registering an investment business would lower my taxable amount ? Sorry for so many questions, I guess I'll just contact the local IRS office. |
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I don't know if there's a better board for this, but I wanted some advice from anyone experienced in Capital Gains through Bitcoins. I currently have some investments and will make some profits by the end of the year, and I am going to have to file taxes in 2016 for this 2015 year. I'm not exactly sure how I go about filing these taxes, and am also wondering if I register an investment business in one of the states, if that would reduce my taxes.
If anyone who has dealt with Capital Gains on BTC and has experience with how to file with the best tax breaks please comment.
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I don't live in the U.S. but usually a collections agency is allowed to take most of your property if you can't pay so it doesn't really matter. They won't simply give up just because you're out of money they'll just take your car or anything else.
Where do you live in Nigeria or something ? The US debt is trillions of dollars over the GDP, it's impossible to pay back. Debt collections and student loans companies are just floating as long as they can, and it's pretty rare to have anything other then 15% of your pay deducted, and even that is under worst case scenarios if you are actively avoiding even the slightest contact or payments of your debts. |
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