Bitcoin Price Tracking & Discussion -- 2017

[JAKEPEAVY21]

20k ??

[Bluehorseshoe]

cardano man.......might hit .29 today.. unreal. more potential than iota.

I'm thinking of dumping litecoin and putting it into Cardano. What's the best way of doing it? I'm using Coinbase for my litecoin.

[shocka1212]

I'm thinking of dumping litecoin and putting it into Cardano. What's the best way of doing it? I'm using Coinbase for my litecoin.

transfer to gdax, send to an exchange, then buy btc with the ltc once you move it over and then buy cardano with the btc

[shocka1212]

bought at some last week at 13900...

[ChuckyTheGoat]

bought at some last week at 13900...

Nice return in 7days.

[shocka1212]

Nice return in 7days.

long term holds Chucky.. not trying to pay capital gains tax in 4 months..

[shocka1212]

19.450

[mrpapageorgio]

ADA climbing, making me excited.

Edit: Meant to put this in Crypto thread, but not gonna mess with it now.

[ChuckyTheGoat]

19.450

Keep em comin, man.

[ChuckyTheGoat]

Uh-oh. What's goin on here? Pretty big pullback today.

[shocka1212]

Uh-oh. What's goin on here? Pretty big pullback today.

just a little correction... remember, we were at 16,700 going into Friday, and 17,400 Friday morning.

[TheMoneyShot]

This fukking coin. STOP SELLING PEOPLE!!!!!

[ChuckyTheGoat]

just a little correction... remember, we were at 16,700 going into Friday, and 17,400 Friday morning.

True. I think 20k was a natural sell-off point for many.

[swordsandtequila]

This fukking coin. STOP SELLING PEOPLE!!!!!

When they sell, you buy. Simple.

[shocka1212]

When they sell, you buy. Simple.

Like qsp... down 15%.. going to wait to see if we can hit down 20%

[pilebuck13]

Btw speaking of capital gains should we report withdrawals from coinbase or only if they were greater then 10k I mean I got 10k on the year but not in a single withdrawal...will they report it?

[TheMoneyShot]

Btw speaking of capital gains should we report withdrawals from coinbase or only if they were greater then 10k I mean I got 10k on the year but not in a single withdrawal...will they report it?

You're supposed to keep track of the original buy price. Every time you buy... you keep track of the purchase amount and price of the coin at the time.

When you go to sell... you're suppose to do your own math on it. If you bought 5k worth one day... and sold at 8k. You would report 3k.

Of course... no one keeps track of it.


Think of it this way... buy it once... and keep it for 10 years. Then you wouldn't need to think about filing a gain on it.

[pilebuck13]

You're supposed to keep track of the original buy price. Every time you buy... you keep track of the purchase amount and price of the coin at the time.

When you go to sell... you're suppose to do your own math on it. If you bought 5k worth one day... and sold at 8k. You would report 3k.

Of course... no one keeps track of it.


Think of it this way... buy it once... and keep it for 10 years. Then you wouldn't need to think about filing a gain on it.

Yah I get it I'm just saying I have about 3k in buys and over 10k in withdrawals that came from sports book so essentially they look like just straight up income and not like I can claim my book deposits should have been depositing in bitcoin the whole time.

[ChuckyTheGoat]

I mentioned this in earlier posts. Right now, I see one big problem for Bitcoin.

The T/A fees are way too hi at the moment. I know this is an all-time frequency moment. But someone needs to address this.

This concept of quick + inexpensive T/A's is not working out right now. I could definitely see a coin like Litecoin nosing in, if they can address this better.

[TheMoneyShot]

Yah I get it I'm just saying I have about 3k in buys and over 10k in withdrawals that came from sports book so essentially they look like just straight up income and not like I can claim my book deposits should have been depositing in bitcoin the whole time.

Never knew people were so concerned about reporting winnings now? People actually do this?

I usually just say... they magically appeared... and someone anonymous gave me a gift.

[shocka1212]

limit order for 18,600... fingers crossed

[reigle9]

if you guys actually care about reporting for taxes, i think you could just go the bitpay card route and pretend like no gains ever happened

[shocka1212]

if you guys actually care about reporting for taxes, i think you could just go the bitpay card route and pretend like no gains ever happened

you think the alphabet boys can't figure that one out?

[bonzaii]

FCk the taxmen. He can get his bitch to come sck my dick and caress my balls. Never file.

[TheMoneyShot]

I wish this Bitcoin would hit 20k and stay above it.

I don't got time for Mickey Mouse games.

[Legions36]

Btw speaking of capital gains should we report withdrawals from coinbase or only if they were greater then 10k I mean I got 10k on the year but not in a single withdrawal...will they report it?

If CB doesn't send you that letter they don't report it but given that they lost the battle im not sure anyone using coinbase should take a chance of not reporting anymore over a certain amount. What happens if down the line they want more? They wanted stuff from back into 2013 and said if cb sent the letter than they wouldn't be looking for those type of people but were looking for the people who fell into what they were allowed to ask for. This is why I completely stopped using them for now. You don't fall into anything as of now but do what you want to do if u use them.

[TheMoneyShot]

Look at this Bitcoin FILTH today.

[Sam Odom]

20K is a hard ceiling

[ChuckyTheGoat]

20K is a hard ceiling

I don't think so, Sam. But I hear u talkin, bro.

[Bsims]

20K is a hard ceiling

I also don't believe 20K is a ceiling. When it goes past, big jumps.

[TheMoneyShot]

Such BS today.

[ace7550]

I also don't believe 20K is a ceiling. When it goes past, big jumps.

I agree. Look what happened when it passed 10k. It got to 15k in about a week.

[big joe 1212]

Tumbling

[big joe 1212]

Back in the 15.000’s

[TheMoneyShot]

Back in the 15.000’s

Down around 15%? Wow