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  1. johnarb

    Bitcoin Price Thread

    Hey guys, Bitcoin is over $16,000 each on Coinbase/GDAX. Yay. Sorry I was asleep when it hit $15,000 :vomit: [Btw, blame the (S.) Koreans for this huge rally as they are buying bitcoins there like there's no tomorrow at the Bithumb exchange. They were buying bitcoins yesterday at over $17K...
  2. johnarb

    Bitcoin Price Thread

    It's actually a huge relief that we bitcoin hodlers are not on the same side of the trade as these bubble callers. They're all waiting for the 30% or 40% or even bigger crash in bitcoin price as if we've never experienced such a move. Newsflash, there was one a few months ago from $5K to less...
  3. johnarb

    Bitcoin Price Thread

    Hello again. Bitcoin is over $14,000 each on Coinbase/GDAX. Yay.
  4. johnarb

    Bitcoin Price Thread

    Hello again. That didn't take long. Bitcoin price is over $13,000 each on Coinbase/GDAX. Yay.
  5. johnarb

    CME Group Announces Launch of Bitcoin Futures

    I think if you can spare 10 minutes, this section as explained by Andreas is very helpful for people interested in the bitcoin futures.
  6. johnarb

    Bitcoin Price Thread

    Maybe next year, it will be parity. http://lambo2btc.com/
  7. johnarb

    Bitcoin Price Thread

    Hey guys! Bitcoin is over $12,100 each today at Coinbase/GDAX. Yay.
  8. johnarb

    Bitcoin Price Thread

    Is that trading advice? You should buy one bitcoin also if you don't have any. I'd like to make a comment... You seem very stressed about this whole crypto bull market. Don't stress. Most important thing in life is health. Don't worry about this bitcoin stuff. In 100 years, we'll all be dead.
  9. johnarb

    Article on BTC future

    John (nice name, btw), On Reddit it's been described as "the herd is coming". It's not only one person's opinion. At least 2 other ones below: "– let's say your doubt is a fraction of 1 percent – then put a fraction of 1 percent of your money in something outside of the system."...
  10. johnarb

    Bitcoin Price Thread

    I didn't fix my post so I know message was not clear. I meant to say when I mentioned it over the years that no one had a clue (of course nearly everyone has heard of it now). I stopped mentioning Bitcoin over a year ago, but if anyone talks to me about it now (like some of the people I...
  11. johnarb

    Bitcoin Price Thread

    Bitcoin has been compared to the 1999 Nasdaq (tech) bubble and the Tulip Mania bubble. I was around during the Nasdaq bubble, and I remember, at work, at parties, at family get-together, at hangouts (drinks or even bowling!), everyone was into stocks. I've mentioned Bitcoin in similar...
  12. johnarb

    Bitcoin Futures Set to Start Trading as Regulator Gives Thumbs Up CFTC says it will allow launches b

    I don't understand, why would any of them need to be bailed out?
  13. johnarb

    Bitcoin Price Thread

    If you don't include enough satoshis (fees) when sending bitcoin, the transaction will reverse and the bitcoin will go back to your wallet usually after 2-3 days. They don't get lost in the neverland. [Transactions that are in the mempool and do not confirm (not committed to the blockchain) are...
  14. johnarb

    Bitcoin Price Thread

    Bitcoin price is back to over $11,000 each. Yay.
  15. johnarb

    Bitcoin Investment Trust (GBTC)

    Bitcoin is a very hard concept to accept for many. People want the comfort of someone holding their funds/assets for them so they have someone to blame when bad things happen and most importantly, they have a legal recourse and government backing. I have a few dollars worth of cryptos at online...
  16. johnarb

    Bitcoin Price Thread

    [Not a tax advice, please seek a professional]. Keep it simple. You have record you bought bitcoin from Coinbase at $xxx and you sold (or spent) bitcoin at $xxxx/btc. Each purchase using btc is recorded with the amount (and in some cases the conversion rate is printed on the invoice). Credit...
  17. johnarb

    Bitcoin Price Thread

    If you have gains in bitcoin, report and pay taxes when you sell (or spend same as selling). It's only 15% based on your profits (minus cost-basis) if it's held over a year. Don't mess with the IRS.
  18. johnarb

    Bitcoin Price Thread

    I think the number depends on the person and speaking for my case, it's not an all-or-nothing deal. A certain bitcoin price would probably get me to sell a portion and pay the taxes and leave in the bank. Until that number hits, I just spend bitcoin and the tax implication is limited to only...
  19. johnarb

    Bitcoin Price Thread

    We're back to over $10K now on Coinbase. Yay.
  20. johnarb

    Bitcoin Price Thread

    This is a great find. Thank you.
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