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Author Topic: Buying stocks with Bitcoin profits  (Read 2977 times)
Hyena
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December 04, 2013, 09:25:52 AM
 #1

I would like to make sure that my first million won't be the last one. For this I would reinvest a portion of my bitcoin profits to stocks.

3 questions rise:
1. Must I pay income tax before investing my bitcoin earnings to stocks?
2. How profitable can stocks be?
3. This is probably lame but: what stocks would you suggest to buy?

I wouldn't own stocks to trade them but to get the dividends. However, I have no idea how profitable stocks are in that sense. Can anyone tell me how much money I should invest in some nice stocks in order for them to earn me noticeable dividends?


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December 04, 2013, 11:46:50 AM
 #2

1. depends on your country.

2. i would not buy stocks in these times but maybe they will go up 2-5 times when the good old Ben prints more money.

3. at the moment none. buy some gold and silver. in the long run buy only blue chips that existed in 1900 and still today.

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December 04, 2013, 12:12:49 PM
 #3

I would like to make sure that my first million won't be the last one. For this I would reinvest a portion of my bitcoin profits to stocks.

3 questions rise:
1. Must I pay income tax before investing my bitcoin earnings to stocks?
2. How profitable can stocks be?
3. This is probably lame but: what stocks would you suggest to buy?

I wouldn't own stocks to trade them but to get the dividends. However, I have no idea how profitable stocks are in that sense. Can anyone tell me how much money I should invest in some nice stocks in order for them to earn me noticeable dividends?



There are better places to find advice about stock market investment than the bitcoin forums.
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December 04, 2013, 12:37:26 PM
 #4

I would like to make sure that my first million won't be the last one. For this I would reinvest a portion of my bitcoin profits to stocks.

3 questions rise:
1. Must I pay income tax before investing my bitcoin earnings to stocks?
2. How profitable can stocks be?
3. This is probably lame but: what stocks would you suggest to buy?

I wouldn't own stocks to trade them but to get the dividends. However, I have no idea how profitable stocks are in that sense. Can anyone tell me how much money I should invest in some nice stocks in order for them to earn me noticeable dividends?



There are better places to find advice about stock market investment than the bitcoin forums.

Yeah, but I would like to have some cypher punk attitude added in the mixture of the advice I'm seeking. Anyway, I'm interested in stocks for their dividends to have some constant income. But maybe I should go all in and get my dividends based on bitcoin businesses paid in raw bitcoins...

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December 04, 2013, 12:43:13 PM
 #5

This is these seller's idea. money makes money, simple.


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April 23, 2014, 07:25:10 AM
 #6

Just imagine all of the first graders now could never know paper money... They could all start learning how to price thing in bitcoin now. It will be harder on the older generations though. Mentally translating bitcoin product prices into old currencies.

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Swordsoffreedom
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April 23, 2014, 07:30:33 AM
 #7

I would like to make sure that my first million won't be the last one. For this I would reinvest a portion of my bitcoin profits to stocks.

3 questions rise:
1. Must I pay income tax before investing my bitcoin earnings to stocks?
2. How profitable can stocks be?
3. This is probably lame but: what stocks would you suggest to buy?

I wouldn't own stocks to trade them but to get the dividends. However, I have no idea how profitable stocks are in that sense. Can anyone tell me how much money I should invest in some nice stocks in order for them to earn me noticeable dividends?



1. Depends on your country but generally yes all forms of income are taxable even barter
2. Stocks can be very profitable finding the one that pays the best is the challenge and some stocks can be non traditional example recently Maidsafecoin
3. High Yielding risk stocks or Berkshire if you feel like it. Income trusts were popular a while ago although not as much now, so would recommend tech that looks like it has a market to grow into.
Fairly low risk ones are Canadian Banks and dividend yields like TD or Royal from traditional stocks
Tesla Motors electrical etc.
Or tried and true Energy Stocks / Commodities
Enmax etc. 

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April 23, 2014, 09:13:21 AM
 #8

basically what happened with the Euro in many countries? I think there are a lot of other things about bitcoin that are much more exciting.

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April 23, 2014, 02:18:30 PM
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Just imagine all of the first graders now could never know paper money... They could all start learning how to price thing in bitcoin now. It will be harder on the older generations though. Mentally translating bitcoin product prices into old currencies.
  Yes, for our time there will always be paper money and we probably wont see bitoins replacing them, that needs time as there alot of retired people..
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April 23, 2014, 04:13:31 PM
 #10

1. Must I pay income tax before investing my bitcoin earnings to stocks?
2. How profitable can stocks be?
3. This is probably lame but: what stocks would you suggest to buy?

1. In most of the countries, capital gains tax must be paid on profits from Bitcoin sales
2. Unpredictable. Depends on the economic situation of your country.
3. High-Dividend stocks usually have very slow growth. So I prefer non-Dividend yielding stocks.

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April 23, 2014, 08:55:11 PM
 #11

1. Must I pay income tax before investing my bitcoin earnings to stocks?

You have to pay capital gains tax.  Short-term capital gains (less than one year?) counts as income.  Long-term capital gains have their own special tax treatment that is superior.  In most cases you will pay 0%, though if you are dealing with big money you will pay 20%.

2. How profitable can stocks be?

No where near as profitable as bitcoin.  I have a tiny percentage of my wealth in stocks but only as a diversification tactic.


3. This is probably lame but: what stocks would you suggest to buy?

We are entering the information age.  So my strategy has been to buy information.  Not so-called "data companies" because they don't actually have any data.  I buy stocks in companies that have big databases, for example Amazon, ADP, Pearson, etc...  I view the fact that these databases come with a company attached as a bonus.

I also want to invest in robotics companies so I have invested in iRobot.  I can't find any other public robotics companies to invest in.

I invested in a corrupt utility company (Pepco) that services a growing metro area (DC).  More government jobs = more DC residents = more revenue for Pepco.


I wouldn't own stocks to trade them but to get the dividends. However, I have no idea how profitable stocks are in that sense. Can anyone tell me how much money I should invest in some nice stocks in order for them to earn me noticeable dividends?

If you want noticeable dividends you need to invest in stocks with a low PE ratio.  If you have a stock with a PE ratio of 8 that means that you need to invest $8 to get $1 per year.  Most of my stocks have a high PE ratio (meaning low dividends) but that is normal with stocks that are expected to go up in value.

When choosing stocks I first made a list of companies that I was interested in.  More than half of them I had to take off of the list because they weren't public.  Then I looked at their market caps and compared them to each other and other companies in the same industry and in different industries.  This gave me a sense of how big companies are and how big they should be.  So I got a sense of their potential for growth, stability, or decline.

Then I looked at PE ratio to get a sense of what other investors think about a stock.  A very high PE ratio means that other investors think that the company is going to have a major expansion.  For example I was thinking about buying Whole Foods stock, because I think that their company will double or triple in size.  However the PE ratio was very high compared to other stocks in their sector, indicating that other investors think that Whole Foods will do much better than double or triple.  So while I am bullish on Whole Foods I decided to skip buying that stock, because the market is even more bullish than I am.

Also I don't let my personal views cloud my judgment.  I hate Pepco.  They are incompetent and corrupt.  I am also opposed to Pearson Education and their tie in with the Common Core.  That doesn't stop me from investing in these companies.  They will continue to be profitable, I might as well get a share of their blood money.

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April 23, 2014, 09:58:33 PM
 #12

I would like to make sure that my first million won't be the last one. For this I would reinvest a portion of my bitcoin profits to stocks.

3 questions rise:
1. Must I pay income tax before investing my bitcoin earnings to stocks?
2. How profitable can stocks be?
3. This is probably lame but: what stocks would you suggest to buy?

I wouldn't own stocks to trade them but to get the dividends. However, I have no idea how profitable stocks are in that sense. Can anyone tell me how much money I should invest in some nice stocks in order for them to earn me noticeable dividends?



stay away from the stock market until there is a 50% crash like in 2007-2008.
the whole market is in a bubble because of the fed's money printing and now they are starting to taper, once the QE is gone these prices will not last and the stock market will sharply fall the same as it did in 2000 and 2007.

take a look at this s&p 500 graph and you'll see where the market is going...

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April 24, 2014, 02:13:31 AM
 #13

I would like to make sure that my first million won't be the last one. For this I would reinvest a portion of my bitcoin profits to stocks.

3 questions rise:
1. Must I pay income tax before investing my bitcoin earnings to stocks?
2. How profitable can stocks be?
3. This is probably lame but: what stocks would you suggest to buy?

I wouldn't own stocks to trade them but to get the dividends. However, I have no idea how profitable stocks are in that sense. Can anyone tell me how much money I should invest in some nice stocks in order for them to earn me noticeable dividends?
Another possibility is to just stay in Bitcoins:
1. Well, as long as you stay anonymous...
2. Depends on the actual stock of course
3. https://playt.in/#dividends#pbbs

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April 24, 2014, 06:19:26 AM
 #14

Thanks for the great ideas. However, does anyone deem it reasonable to buy gold instead/also?

My current opinion is that gold is just a shiny metal uncomfortable to transport and store and when crypto currencies really succeed gold is determined to lose most of its value. Yet, buying gold is probably still a smart move for the sake of diversification.

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April 24, 2014, 06:33:37 AM
 #15

yea I'd have to agree that the stock market is very dangerous during the current economic times.  It would take a lot of research and knowledge of the markets for me to feel safe putting my money into stocks.  With insider trading and High Frequency trading there just seems little room for the little guy these days. 

Gold has been hitting all time highs so it's not really what I'd consider to be the best investment unless your looking for a way to try and store wealth IMO.  I'd have to say that I'm just an average joe and not to take my advice as the end all be all just giving my opinion on the matter.
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April 24, 2014, 07:35:54 AM
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Gold has been hitting all time highs so it's not really what I'd consider to be the best investment unless your looking for a way to try and store wealth IMO. 

Gold is currently trading at $1,280 - 1,290/ Oz, and it is down almost 50% compared to the peak rates of $1,800 / Oz (peak price was reached in 2012, and the price has been declining ever since).

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April 24, 2014, 08:23:29 AM
 #17

yes but if you take into consideration what the price was like a decade ago then you can see the the price is still pretty high.  I believe the price will soar but you shouldn't expect something like that over night.  I for one suspect manipulation in that market and would be cautious is what I'm getting at.
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April 24, 2014, 09:37:31 AM
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yes but if you take into consideration what the price was like a decade ago then you can see the the price is still pretty high.  I believe the price will soar but you shouldn't expect something like that over night.  I for one suspect manipulation in that market and would be cautious is what I'm getting at.

I really think that an unexpected event can happen --- gold crashing down to its intrinsic value.

As technology advances, the intrinsic value of gold may go up but I don't think it can go that much up. Ancient aliens were into gold for some reason, but it is highly speculative to think that man kind starts building pyramids with their tips made of pure gold any time soon.

Maybe buying land / houses and apartments would be a better alternative?

I'm bearish for conventional energy production too because the suppressed technology of Nikolai Tesla may soon find its way to the main stream. If energy becomes a free resource then you wouldn't want to be in the same boat with fossil fuels companies and its best friends.

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April 24, 2014, 10:13:49 AM
Last edit: April 24, 2014, 10:33:16 AM by FelixOliver
 #19

The money is in the Bitcoin economy... in fact, technically, Bitcoin is the only true form of "money" that exists in the world right now.

Putting your profits anywhere else, whether it be fiat - stocks etc would be the antithesis of what you're trying to accomplish (keep /make more money).

I wouldn't buy property or land either, unless you're financially stable enough to purchase outright... (Remember wealth is a game of Liabilities VS Assets)

I'd continue investing in bitcoin, might allocate some profit to commodities like gold, oil etc but bitcoin is ultimately where the action is right now. Those who are all in today will be the superiors of those who aren't in 10 years time... guaranteed.

People look at the current price and say "the markets crashing"... The word "crash" is used to draw connotations with planes falling out of the sky, car wrecks etc... Situations you would steer clear of, or wish to extracate yourself from immediately... The greatest trick the elite ever pulled!

Look at all the greats, JP Morgan... Soros... even Nathan Rothschild.. they all made the bulk of their fortunes from "crashes".. Their ethos is get the idiots to establish value... wait for a group of idiots to sell.. alert the nation of a "crash".. then buy everything at rock bottom price.. (remember if someone is selling, it's because someones buying)... a year later the market rebounds and who do you think profits the most?

I look at the market as it is now and see "prices slashed"... "60% off"... "SALE"... and I gobble up all i can i tell ya.. Think with your logical brain and always remember that bitcoin is going to change the world.. each coin you own is an investment in the underlying technology.. HODL
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April 24, 2014, 11:09:51 AM
Last edit: April 24, 2014, 11:26:19 AM by Dalmar
 #20

Buying stocks now is pretty retarded. The vast majority of them are significantly overvalued. If you want to get into stocks look for shorting opportunities only the coming months. I haven't been long any stock over 2014 and I am up 50% on my stock shorts (mainly thanks to plug and various marijuana bubble pops).

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