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Some Thoughts on Bitcoin, Part 1
See part 2 here I haven’t written about Bitcoin on WSO for a long time, and I’ve seen a lot of questions about it on the site over the past few weeks due to the recent price movements. There’s a lot to cover so this might stretch into two posts. We’ll see how it goes. First, the recent price...
Cryptocurrency Tax Issues
For people who hodl cryptos, how are you guys going to pay taxes for these? Coinbase recently lost against IRS on not reporting individuals who held more than 20K worth of Bitcoin, etc. Is anyone filing capital gains tax for Bitcoin and altcoin gains?
$10,000+ Bitcoin: How might it get there?
In a recent article, UBS mentioned The relatively high volume of cryptocurrency turnover, against limited real-world use, suggests that many buyers are seeking speculative gain, never intending to use cryptocurrencies to make a real-world transaction. After doing some digging, I realized that most...
No, Blockchain Doesn’t Threaten Wall Street
TLDR: It’s not about technology, it’s about brand value and how people inherently attribute trust I recommend reading the source post here w/ pictures & better formatting: https://ejahead.wordpress.com/2018/04/11/blockcha… Oh boy, I’ve been hesitant to talk about blockchain partly because...
Bitcoin Drops to $6,600, Ethereum and Ripple Follow the Trend
Buyers’ carelessness was punished as Bitcoin fail to continue the growth. The whole market is down, again. The week has gotten over the hump, and Bitcoin has gotten over the next critical level of support, giving the bears a unique opportunity to profit from the panic without much effort. We have...
Was the market dip affected by the Bitcoin crash?
An article on CNBC questioned whether the recent Bitcoin crash could have been a precursor to the market dip last week: [quote] Fundstrat’s Tom Lee sees parallels between bitcoin crash and stock market turmoil Fundstrat’s Tom Lee sees parallels between bitcoin crash and stock market turmoil 6:04...
I made the mistake of doing some math on Bitcoin yesterday...
Yesterday afternoon, while watching two "experts" on crypto make their bull vs. bear case for Bitcoin, Ethereum, Litecoin, etc. I made the mistake of saying "what if" I tossed $1000 into Bitcoin back in mid 2010 when I was about a year out of college... $50 million. Yes, that's right, $50 million is...
"Crypto as 'Next Swiss Bank Account'"
One of the biggest appeals of crypto currencies is that they are 'anonymous' and that they are difficult to trace. Naturally, that is why criminals used Bitcoin to hide their tracks. The blockchain technology prevents people from being able to tell who actually owns what because "strings and...
How to Get Started in Cryptocurrencies? General Crypto Thread
Hello monkeys, as what I am sure all of you are aware of, cryptocurrencies are getting to be pretty popular at the current moment. However, a lot of things are confusing about it to me and I was wondering what you guys think are good ways to educate yourself about cryptocurrencies, the best ones to...
Can you become a millionaire from BTCC
So over the last 6 months, i have been intrigued by crypto currency, i began trading on IG, but i found that i recorded quite a lot of losses, but also if i held my equity in there i would have to pay huge holding fees. So i came across this platform that trades for you called USI-Tech for people...
What You are Missing Out on Cryptsmas
The word "Bitcoin" was one of the most searched in Google's 2017 list. Sure, everyone wants to hop on the hype with Bitcoin but you can draw a conclusion on the bigger picture of cryptocurrency. 1) I believe altcoins (alternative coins besides popular coins like Bitcoin & Ethereum) will be way more...
Bitcoin White Paper - Financial Tech
Lately, Bitcoin is the headline of all the newspaper, I am very curious about what is Bitcoin, I found out the bitcoin white paper. It seems explain how to generate the coin in blockchain. https://bitcoin.org/bitcoin.pdf
XRP : Ripple Pump and Dump?
Ripple announced today that AMEX decided to use blockchain technology for payments using Ripple. XRP since then peaked $0. 25 from trading at $.20 range. It's back down to $.228 at the time of this post but might be steady around the .22 range. Many are speculating XRP is a "pump and dump" altcoins....
The battle for Bitcoin: Cypherpunks (BTC) vs Big Blockers (B2X/Bitcoin Cash)
The battle so divisive that the November hard fork was called off due to concerns of extreme market turbulence. The conflict is a philosophical one. The question that is dividing the community is a seemingly trivial one – How can we upgrade the network to accommodate more transactions and...
Cryptocurrencies doomed to fail: India is OUT
Cryptocurrencies have been a hot topic in finance with the potential to dominate the fintech industry. The world's second most populated country, according to Quartz India, has dropped out of the race. 'Our current position on bitcoins is that we will not be using it for any payments and...
Legal Issues Owning Bitcoin?
Hello Everyone, For those who work in banking, I was curious if you are able to own Bitcoin or other cryptocurrencies. I know that you have to be careful with your personal investments while working in banking, but I wasn't sure if you are prohibited by law or the firm from owning cryptocurrencies....
Starting a Cryptocurrency Fund
My friend is starting a fund with the intention of trading & holding cryptocurrencies (BTC, LTC, ETH, etc.) between international digital currency exchanges. The fund will be set up to manage money in a similar fashion to the hedge funds that we are all familiar with. The question is: What are...
How to raise $30 Million in 30 Seconds
**How to raise $30 Million in 30 Seconds – The get rich quick scheme of 2017 ** Are initial coin offerings the next big investment platform? In the investment world, there are a myriad of startups offering digital coin products like the longstanding Bitcoin, as the New York Times reports. The use...
Some Thoughts on Bitcoin, Part 2
Here’s a link to Part 1. Let’s get right to it. Government Interference It’s no secret that governments aren’t crazy about Bitcoin. I’m convinced the only reason Bitcoin wasn’t killed in the cradle is that no one in the various world governments A) understood the technology B) understood...
Cryptocurrencies - how to trade them?
Hello - sorry if this is a duplicate post in some aspects, but I searched the website for Ether or Ethereum and could not find anything so I'm creating a new post. I've been advised to start buying some Ether / Ethereum, which is the newest hot cryptocurrency (after bitcoin). I have done some...
I'm a bitcoin specialist
Hello, I'm a bitcoin and cryptocurrencies specialist. I know all the corners of the bitcoin related market: how it works, how to trade, how to safely store them privately, what other cryptocurrencies besides bitcoin are good to invest in, etc. I have software engineering and trading background. Am I...
I'm Out of Bitcoin
If you've been reading my stuff for a while you know that in the interest of full disclosure (and to avoid being accused of talking my book) I tell you guys about the moves I make in the market and what positions I buy and sell. What I don't always mention is my current trading philosophy, mostly...
IRS: Bitcoin Is Property, Not Currency
US holders of Bitcoin have something to celebrate today as the IRS has made a ruling on the tax handling of Bitcoin, classifying it as an asset subject to capital gains tax instead of a currency subject to income taxation. This means everyone who has been buying it on the way up (for more than a...
Bitcoin Q & A: Bubble or Breakthrough? Both! Cult or Currency? Both!
As I have talked about or written on topics, I have learned that there are hot-button issues that almost always attract firestorms. Thus, when I write about Tesla, Apple or Facebook, I am guaranteed to provoke reactions, some strongly supportive and some strongly opposed, some rational and some...
Satoshi Nakamoto Revealed?
The Bitcoin saga gets weirder by the day. Newsweek thinks they've found Satoshi Nakamoto, the enigmatic creator of Bitcoin, and they might be right: http://mag.newsweek.com/2014/03/14/bitcoin-satoshi-nakamoto.html This following the mysterious death of a 28-year old Bitcoin exchange CEO in...
Why You Should Own Some Bitcoin
If you've been following the news over the past couple weeks, it's been impossible to miss some of the goings on with Bitcoin. A number of high-profile arrests have been made of people at least tangentially related to the crypto-currency, a successful hack looted millions of dollars worth of...
Enraged Bitcoin Users Smash Their iPhones
(Disclosure: I'm long Bitcoin, no position in AAPL at the moment) I found the following pretty amusing and thought you guys might as well. I'm a big supporter of Bitcoin because I see the amazing potential (beyond even currency) in it, but some Bitcoiners are downright evangelical about it. So I...
WSO Stock Pick Contest #3: Bitcoin
Mod note: @NebraskaYoungin wins with the closest price of $945. The price at Friday 5pm was $935 Well it's not a stock, but the topic is so hot right now we have to have a price picking contest on it. Bitcoin's price is currently at $1,055 at the time of this posting. What will Bitcoin's price be...
Bitcoin Will Explode This Weekend; or How I Got Over My Fear of Public Shot-Calling and Challenged the Bros to Come at Me
Was initially going to post this as a response in @TheKing's excellent introduction to Bitcoin but figured a bumped thread would generate less discussion than a fresh one. Here's my call for the week: BTC is at ~$950 (via Mt.Gox, Coinbase) right now (Wednesday morning), but will break $1,200 this...
Mr. Bitcoin Goes to Washington
Have you guys been watching Bitcoin lately? Holy smoke. I'm not sure if it's all hype or if it's actually starting to catch on. One thing is for sure - it is definitely on the government's radar now. Further to that point, the general counsel for the Bitcoin trust appeared before Congress last week,...
Forex Crisis, QE, Bitcoin and a single global currency...... A history of money
I came across an interesting infographic recently that I wanted to share here. Starting with a history of currency crises over the last two decades and ending with an analysis of a global currency future.... Here's the link to the infographic if you are not able to view the image...
Should We Be Worried About Ukraine?
Going to be a short one today, guys, because what I'm really looking for is your feedback. Depending on whom you believe, we're either on the brink of WW3 or the whole thing is basically over , so move along there's nothing to see here. Obviously my primary concern is the potential impact on the...
Mt. Gox filing BK
http://abcnews.go.com/Technology/wireStory/japan-minister-calls-bitcoin… So is this the beginning of the end, or the beginning of a good time to buy? Where are our resident bitcoin experts? @"BlackHat"
Ron Paul's Not Crazy About BitCoin
This might surprise some of you, but the world's best-known sound money advocate ain't down with the BitCoin. In the following video, Ron Paul explains that, while it should never be made illegal , BitCoin is just too complicated to ever actually work. Plus you can't put it in your pocket, which is...
The Winklevii Strike Again to Corner the Bitcoin Market
Ok, so maybe not exactly corner the market but still; just when you thought the Bit coin saga couldn't get any weirder, our dear friends the Winklevii show up to make it even stranger. It isn't enough that they won a massive Facebook settlement and are attempting to be venture capitalists...
What Is Legal Tender?
As many of you know, I'm working on a series about BitCoin and my research is fast approaching adequate to produce a book-length exposition on the subject. I'm doing my best to pare it down, but in the meantime I've been coming across a few things I think you guys would be particularly interested...
Bitcoin - Believe the Hype
Unless you've been living under a rock for the last few weeks, you've probably heard the word Bitcoin thrown around in the news quite a bit. If you're a bit more web savvy, or an active Redditor, chances are you've known about it for a few years. But, do you really know what Bitcoin is, how it...
Money Laundering Now Applicable to Virtual Currencies
Just when you thought you could hide your money somewhere on the internet the treasury department has to step in and kill all the fun. I'm sure many people on here are familiar with virtual currencies like bitcoin, which are now straight in the cross hairs of officials. The U.S. is applying...
Someone Just Made $147 Million BTC Transfer
Whoa.
Is It Right That Germany Gets to Tax Bitcoins?
Legal tender is a medium of payment issued by a government that must be accepted by merchants for the extinguishment of debts within the government's respective country. In other words, the government guarantees that I can exchange the paper in my wallet for goods and services in my country. I pay...
Learn to be on the sell side?
Are there any tools online (or otherwise) that can help me understand how to be a better trader on the sell side? Basically, I deal with a fair amount of BitCoin on a market with a large Bid/Ask spread and for BTC/USD I'm usually on the Ask. I'm looking for help in situations where I have a fair...
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