It will be a taxable event and planning to deposit and convert at BlockFi, Gemini and Coinbase (and possibly Celsius Network) to USDC, GUSD, PAXOS and no Tether for easy tax reporting 1099 stuff.
Just a question, how come your model is only waiting for a bitcoin crash?
Bitcoin doubled in less than a month, seems you could have profited when it broke previous ATH $20K and went long.
By the way, I'm gonna repeat a new theory that's emerging on this bull market. This may be different than...
1. This is a very good question and I think the answer is similar to someone who bought Amazon after the Nasdaq bubble burst in early 2000's and still holding.
We were planning to sell $200K plus $40K (for a Tesla purchase), and after more discussions, we decided on $100K + $50K.
The reason is...
Yea, I was asleep, had to work late last night for a maintenance upgrade (IT job, lol), Went smoothly, only took less than an hour, but had to be done after 1AM local time.
Tom Lee, yea, he's always bullish on bitcoin!
Hello Bitcoin btc $41K
My friend, who I told to buy bitcoin in 2013 for $100, was urging me to sell at $1000 in early 2014. You can just imagine how much I had to deal with when bitcoin crashed and kept going down finally bottoming 2 years later in 2016 at below $200
So again, in 2017 when bitcoin hit $5000, he was...
Forgive me if I misunderstand your question. Are you saying sell now and buy back later? Speaking for myself, I suck at timing, and 2, selling now for $ is a taxable event and to time the dip is not so easy. I have 2 posts explaining my position on this when I went to full hodl mode end of...
Unpopular opinion: The price of bitcoin is cheap when taken in the context of a market cap.
Retail buyers see $35K per bitcoin and say it's too high, maybe when it goes back to $10K or $1K, they will buy some.
Institutions see $35K per bitcoin and see market cap of less than $700B for a new...
Possibly one of the reasons bitcoin bounced hard from a selloff yesterday and is now all time high again over $35K
Bitcoins are being withdrawn from exchanges based on many reports of people watching the blockchain which is a public ledger :D...
I contributed 1 month's worth of a 32-core CPU VPS server to this effort a couple of years ago, not because I thought it would succeed but because I wanted to make sure that I was part of the efforts that failed and verified it for myself.
https://lbc.cryptoguru.org/stats
The project is still...
https://counterparty.io/news/why-proof-of-burn/
If you lose the bitcoin private key to an address that contains an amount of bitcoin, you cannot transfer the bitcoins from that address to another address. The process is to sign the transaction with the corresponding private key and broadcast to...
https://www.cnbc.com/2021/01/05/jpmorgan-bitcoin-price-could-rise-to-146k-as-it-competes-with-gold.html
JPMorgan says bitcoin could rise to $146,000 long-term as it competes with gold
PUBLISHED TUE, JAN 5 20217:06 AM ESTUPDATED TUE, JAN 5 20218:05 AM EST
Ryan Browne@RYAN_BROWNE_
KEY POINTS...
Thank you very much for the kind words, Vanz. I have some plans to help some family members, coz we're kind of below the middle class level.
No one knows how much we have, but they just know we invested in bitcoin