If you can mine when it's $10K but not when it's $7K you're going to regret it if it hits $100K EleGiggle

Thank God I didn't sell.
Hodl is what they all say

Impossible to time the market, but you wouldn't really want to sell after something has dropped 50 percent plus, especially if the fundamentals haven't changed.

I'm honestly surprised the SEC/CTFC hearing went as well as it did.

thoughts on a skycoin miner? thinking about building one

I almost wish I had the balls to ride these valleys/peaks on the way down.

But I'm just sitting on the sidelines again, waiting for a buy.

BTC seemed to bottom at around $5800. It went to $6300 in a matter of moments after.

I would say if you're waiting for another dip, anything around 6-7K should be fairly safe. But if you're in it for the long run, it's going to appreciate regardless of where you buy in right now short of the entire world banning crypto.

How are you guys buying Bitcoin now? Coinbase seems to have ditched support for CCs

https://www.quadrigacx.com and a RBC bank account. You can deposit $1000 every 24 hours into your Quadriga account.

That's odd... I purchased bitcoin yesterday through CC

I get a message saying they've temporarily disabled it and to use a debit Visa or debit MasterCard now :okay:

At bitcoins height and reading the following post at the time, i advised my brother to sell his long time saved coins to start a business but he didnt listen and is out 50k had he sold.

Has anyone heard of the Monaco card? It's a Visa that you you can pre load with crypto from what I understand and is accepted anywhere Visa is. You also get 2% crypto back on all purchases.

https://mona.co/

Yes, there was some controversy regarding Monaco in the past. The team hyped up their project as a VISA partnership, but it turned out to be a pre-paid card and the price tanked. IIRC, shortly after that, the CEO was on the verge of quitting or something like that.

But anyways, I think the card is still in testing. Not sure how the entire process of applying for the card works nor how conversion works. I'd assume you load up MCO onto it and charges are converted from the local fiat to MCO at the time of transaction.

There's tons of cards like that. I have one from ANX. It sucks. When I got it, I thought you would use it to buy with USD and it would just pull from whatever BTC is in your account. Instead, you're basically just selling bitcoin to them (at a price worse than their trading platform) and putting the cash onto a card.

You can go to any 7-11 and buy a prepaid card with cash, skipping the bitcoin step.

Your brother is smarter than you, who would have guessed LUL

Question ---
So, if I keep it in cryptocurrency, I don't have to pay tax for those I mineded right ?

Half of mineded cc goes into tax...result in, ROI to shittttt in this case.


But if I don't cash CC out. CC might drop like crazy too.
This is :fulloffuck:

If you have a bunch of crypto you can put it on the card and spend it. Otherwise, you have to sell the crypto for fiat, wait for it to arrive then go buy a prepaid Visa.

Apparently you're supposed to declare crypto-to-crypto gains as well as crypto-to-fiat gains.

I'm only going to declare capital gains when I cash out. If they want more proof then that's for future me to figure out.

Not speaking for the shitcoins and altcoins, but IMO bitcoin will never crash or die. To do so, it will have to be literally replaced by another crypto for some reason, as the defacto way to spend unregulated money online.

And if that hasn't happened yet, with the crazy high transaction fees and times we experienced, it never well. BCCash tried to do it, even stealing the Bitcoin name, and they failed.

So it's not getting replaced, and since there is a limited amount of bitcoin that will ever exist, it can only go up in value.

Again this isn't referring to the dumb ICOs that try to find a reason to exist, throwing fancy buzzwords and name brands to get people to buy in. This is a method of payment that has existed for years now, that people use regularly to buy things that they can't with credit cards/paypal, or transfer money to places that it was otherwise very expensive or difficult to do.

If you want something you can hold for a very long time, it's bitcoin. Otherwise cash out, pay your tax, and forget it ever existed LUL

Good point, getting one of these would get around the tax issues.. :ilied:

that is not true. just because something is limited doesn't mean the only direction it can go is up.

otherwise all the elements in the universe would be constantly increasing in value.

it can easily just go sideways in a range, for years and years and years, or even down if less and less people use it.

and technically it is limited... but you can just keep adding decimal points to it to make it "unlimited"... almost like how stocks are limited... but you can just keep splitting them.

actually not really cuz if you get audited the numbers wouldnt add up.

everything is always fine and dandy till you get audited. your income and spending habits have to make sense. the numbers have to add up.

remember it's up to YOU to prove any discrepancies they find.

lol any of u guys that are citizens of HK... just hide it there... no capital gains tax in HK right? lol

Looks like crypto is about to go on another run. What do you guys think?

So BitGrail is missing 17M XRB due to shitty coding.. lol.

Glad I got mine out in BTC last week.

I know a lot people are talking about it will take off soon.
but how so ? for what reason ?