Anyone invested into IOTA?

Was around 40c during the fork mess a month ago, but is hovering around 4.70 right now making it almost 12x since.

I knew it was a good project, but was hesitant to invest with such a high supply. Lesson learned!

If the exchanges get hacked, even if you have google's two factor authentication, will the hackers still be able to get your coins?

Would they still have to input the google authenticate number to withdraw it? or would a hack go above the google authenticate?

When your coins are on exchanges, they own the private keys.

Any time the coins are in a wallet that you don't have the key to, you don't own them.

The wallet that store your coins basically is comprised of 2 line of text (public and private keys).

If the hackers successfully hacked the exchange, they will have access these info from the exchange's customers, so they don't need to bypass each customers' 2FA or 3FA. Whoever controls BOTH the wallet's public and private keys control the wallet's stored value.

With a gaming computer, is it worthwhile to use it for mining while you're sleeping/at work?

In my case, an i7 6700K, GTX 1070, 32 GB DDR4

Anyone has a better understanding on taxation for BTC? My accountant says to take it as assets although CRA isn't paying too much attention to it.

I think I'm just going to *give* these BTC to my parents so they can cash out...

It's hard to track, I know, but I don't think CRA would be very happy to hear a 110k deposit simply as "sold bitcoins" without taxing the shit out of it.

You have a horrible accountant.

How would you explain a deposit of $100k into your account if you get audited?

Running it 24/7 with your card overclocked you would make around $51 a month after power and pool costs. I set up my nephews computer to mine win he is not using it and he has made close to $200.

I say do it.

Taxed as cap gain “if” you report it ��

He basically said to declare it as an asset and any gain as capital gain IF I declare it.

Hence, a quick tax calculation would be [110*1.27(USD-->CAD)]*0.5*0.39=27.24k in taxes.

But in the spirit of tax minimization, any better strategy?

What are you guys using for exchanges? Initially bought on Coinbase and transferred to Quadriga but looking into other cryptos too

Bittrex for alt-coins. Transfer BTC/ETH back to Quadriga to sell for fiat.

Just keep in mind most crypto exchanges are sketch and probably run from some guy's basement.

Went to a local exchange today, I have succesfull withdrawn bitcoin to my wallet from them and purchased more. Some are pending withdraw and some are pending to my wallet.

If i didn't have a place I can call or go to I would be freaking out right now

Found $1k but wish I mined more 6 years ago lol.

Why would you freak out? Every transaction is listed on the block chain. The network may be slow and it may take time for the network to confirm the transaction but it will eventually go thru.

Looks like nicehash was hacked and 63 million in bitcoin was taken. Nicehash is a mining pool and it looks like no one can mine using nicehash. Lots of mining rigs are down right now.

Just slowly deposit it into your account if you don't want to declare it.
Deposit it into your parents account, wifes, etc.

Or just hold BTC as it's going to 100k, no problem.

Interestingly enough, Craiglist has a "cryptocurrency ok" filter option now. BTC is 14.5K rn, wasn't it 10K a day ago? Wtf.

Sent from my Pixel XL using Tapatalk

People having lots of issues with Bitfinex so might want to stay away from that exchange
https://www.reddit.com/r/bitfinex/

People complaining about withdrawal and deposit issues. Probably a minority. People still complain about Poloniex and I never had any issues at all.

Funny to see the margin traders complaining though.

12 grand it hit today?......and people were questioning of buying into it at 10k...meh..heh...not sure if profitable even if you did.

12 grand try 16 LUL

When normies at work talking about buying fractions of coins dat bubble ready to burst?

Not even close IMO. This is the first year it's been back, normal correction after exponential runup is what it is.

what are you guys margin trading? IOTA got rekt after being $5.0

lost a few $