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Has anyone here bought Bitcoin or other Cryptocurrencies?

Do you still have them or did you sell?

by Anonymousreply 36Last Tuesday at 5:08 PM

Asking for a friend

by Anonymousreply 110/18/2017

I have fractional "shares" of Bitcoin and plan on buying more. Also own 6.2 Litecoin. I'm going to continue to invest in Bitcoin and Litecoin, as well as a few other crypto. If you are serious about buying Bitcoin, buy a hardware wallet to store them (Ledger Nano S).

Bitcoin is now worth $6,000 each, and will probably be worth upwards of $500,000 each in a decade. Fastest appreciating "stock" in history.

by Anonymousreply 210/21/2017

how to buy "fractional shares"? I want to invest in Bitcoin but I don't have 6k to spare....

by Anonymousreply 310/21/2017

R3

You can buy .0000001 bitcoins. It’s very fractional.

It is another dotcom bubble. They can be easily tracked. If a government agency wants to track a bitcoin, it is child’s play.

It also fails to meet the regression theorem.

by Anonymousreply 410/21/2017

R3, sign up for an account on Coinbase.com. That's how everyone starts buying crypto. Very easy to buy Bitcoin, Litecoin, and Ethereum there, and then send to a wallet. You can email me if you have any questions - elijah.taylor15@outlook.com

by Anonymousreply 510/21/2017

Thank you for the info R5

by Anonymousreply 610/21/2017

You have to link your bank account. what if they get hacked ? that's my worry...

by Anonymousreply 710/21/2017

I am the proud owner of 31.5 bitcoin. I invested about $16,000 altogether. Best investment of my life.

by Anonymousreply 810/21/2017

i own 48.....bought them at 321 dollars.........wow wow wow....I am ecstatic

by Anonymousreply 910/21/2017

R8

That half million will have to eventually be declared as capital gains if you withdraw or use them.

You owe the government major taxes.

by Anonymousreply 1010/21/2017

r10......not if I spend them in another country directly for merchandise (with a private merchant) after I retire and move there.......think about it......

by Anonymousreply 1110/21/2017

when did you start investing in bitcoin?

by Anonymousreply 1210/21/2017

R11, I'm listening. Are there any other ways to get out of paying capital gains taxes down the road? Bitcoin really shouldn't be subject to the antiquated tax law, ugh.

by Anonymousreply 1310/21/2017

R11

That’s dangerous.

If any tax authority decides to audit you, these Bitcoins (unless you are scrupulous about connecting your “real identity”) the government can easily connect you to those coins.

It is low risk unless you run afoul of the law, but liquidating that many assets in any fashion is going to attract tax collection.

by Anonymousreply 1410/21/2017

R13

No. You can attempt to liquidate them, and launder them, but any purchase can be tracked with enough time. The problem is that quantum leaps in processing power is making searching the blockchain for transactions much easier. You can launder a coin a billion times and they can still find you.

Government that is losing control will attack indiscriminately at anyone trying to circumvent their powers.

by Anonymousreply 1510/21/2017

r14............you really think the "tax authorities" in rural Portugal (Albufeira) are going to track me down for spending bitcoin to buy tomatoes at the local farmer's market........in a rural town..........(and yes, I have witnessed farmers taking them for purchases)......remember they are fractional.....you can spend $.30 in bitcoin if you want to..........for a pack of gum.......or whatever someone will sell you for that thirty cents..........

by Anonymousreply 1610/21/2017

R16

You aren’t in Amerika, land of the unfunded pension.

When the government decides to take your money, it will take your money. You are in a better position than most Americans, though.

by Anonymousreply 1710/21/2017

but aren't you supposed to link it to your bank account, of course govt. will have your ID.

by Anonymousreply 1810/21/2017

When the inevitable crash happens will musicals be big again?

by Anonymousreply 1910/21/2017

R11 is not R8.

Anyway, I’m very aware of capital gains tax. But it’s long term capital gains at least.

by Anonymousreply 2012/03/2017

I think the vulnerability issue will result in a crash more so than the value issue. The original code has now been tweaked and rework and eventually someone will release a more stable, less energy intensive, more robust “coin”.

Ethereum is almost there.

by Anonymousreply 2112/05/2017

Okay so can I put them in the candy machine to buy my Twix?

Seriously, what are they and how are they used?

by Anonymousreply 2212/05/2017

[quote]but aren't you supposed to link it to your bank account,

No, they can be bought and sold without involving your bank account.

by Anonymousreply 2312/05/2017

where to buy Ledger Nano S? only online? was trying to get one in my hands today. so i can buy bitcoin.

anyone bought it via atm in nyc?

by Anonymousreply 2412/07/2017

anyone use wall of coins?

by Anonymousreply 2512/07/2017

it starts trading next wk on major exchange. what will that do to the price? damn! i wished I bought it when i first saw this thread when the price was $6000! it's now more than doubled!

by Anonymousreply 2612/07/2017

Moderation is really slipping if this thread with a shill and his personal email address at R5 is still here.

by Anonymousreply 2712/07/2017

Bitcoin On Path To Functioning Just Like Real Currency After Small Concentration Of People Acquire Majority Of It.

by Anonymousreply 28Last Sunday at 10:45 PM

I sold my two coins for $250 in like 2012 and thought I was doing well.

I still don't see a future in it. You can't buy much now with it. Now it's so volatile, no one will purchase with it as the price will change in seconds and the transaction fee is high. Verification times normally took ten to twenty seconds but direct exchange was as long as 30 hours in some cases during these high trading times.

There's no real point to it, unless you're laundering money or doing something shady because everything can be done above board and in the open with a dollar or Euro or whatever.

Bitcoins must be stored offline securely because an online exchange can be hacked. Bitcoins have never been hacked but the exchanges have (it's like robbing a bank). So you have to store them yourself to be sure with long secure passwords. The only way to know for sure you're computer is free of malware is to reinstall your O/S, then move your bitcoin to the wallet, then disconnect. To much trouble for now.

Eventually to buy anything of value you're going to have to convert your bitcoins and you'll need to pay tax or whatever you're trying to avoid, so why not do it in the first place?

by Anonymousreply 29Last Monday at 7:29 AM

prices went up today.

by Anonymousreply 30Last Monday at 12:24 PM

The fascination with bitcoin is typical of a sputtering recovery.

by Anonymousreply 31Last Tuesday at 3:23 PM

Pat Boone says just buy gold.

by Anonymousreply 32Last Tuesday at 3:34 PM

Most of the trading in Bitcoin right now is being driven by individual investors from Japan, South Korea and Vietnam. Asian countries have strong gambling cultures.

by Anonymousreply 33Last Tuesday at 3:50 PM

If William Devane aint endorsing, I ain't buying.

by Anonymousreply 34Last Tuesday at 4:18 PM

R33

The hype is unbelievable.

It is, almost to a beat, an exact replica of the mania around AOL Time Warner, but with a logarithmic frame.

Anything but $/£/¥/€ is valuable.

Turning and turning in the widening gyre...

by Anonymousreply 35Last Tuesday at 4:41 PM

I heard some financial guy on the radio talking about this and brought up the Beanie Baby boom of the late 90s. Didn't instill much confidence.

by Anonymousreply 36Last Tuesday at 5:08 PM
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