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CryptoCurrency Discuss all CryptoCurrencies / coins and their use for personal or business purposes. Bitcoin (BTC) is possibly the best known but there are numerous crypto currencies, this is the forum to discuss them all.

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  #45  
Old 12-01-2017
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Default re: Goal: No Sell Bitcoin 2018

Quote:
Originally Posted by dealagreeproceed View Post
all the suckers are buying in now... thats usually a good sign to get out...
Nope, this is the time to sit back and watch.

US Regulators approved the CME futures to go ahead (which should start 18th December)

If your smart, you'd know this has just paved the way for NASDAQ to join in - and they've already planned to roll this out next year. So with no regulations stopping them, I see rise in value.
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  #46  
Old 12-01-2017
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Default re: Goal: No Sell Bitcoin 2018

Is the to majority think a good way to start is use coinbase. Buy like 5k and just sit back for a while?

Ill have to know when is best time to buy? Or does it allow me to set-up purchase orders on certain number? Example its at 10k and put in order to buy when it hits 9.5k? Is this possible with coinbase and as a new user?
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  #47  
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Default re: Goal: No Sell Bitcoin 2018

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Originally Posted by duffrageous View Post
Buy at 9k, sell at 10k. Buy at 9.5k and sell at 10.5k. Repeat the process adjusting for slighter gains and pullbacks. As long as it doesn't jump 2k in a day, you won't FOMO. If you are gonna employ this strategy, you have to actual watch the market multiple times a day to as you may want to decrease your spread if it's not dipping enough.

https://bittrex.com/Market/Index?MarketName=USDT-BTC
Where you gonna cash out from? Coinbase was forced to send users' buying information for 2013-15. Doesn't affect a lot of us, but it will when it is implemented for this year, next year, etc.
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  #48  
Old 12-01-2017
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Default re: Goal: No Sell Bitcoin 2018

When it comes to Bitcoin, pay your taxes on profits gained. When you join these exchanges you give your SSN or TIN and that will be passed on to the IRS with your activities. Pay your taxes and you won't have any issues.
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  #49  
Old 12-02-2017
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Default re: Goal: No Sell Bitcoin 2018

I thought you only pay taxes when you withdraw. Why withdraw? I plan to hold for 10-50 years.

Quote:
Originally Posted by evicktd View Post
Where you gonna cash out from? Coinbase was forced to send users' buying information for 2013-15. Doesn't affect a lot of us, but it will when it is implemented for this year, next year, etc.
You never withdraw. You just sell for tetherd and hope tether doesn't crash.
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  #50  
Old 12-02-2017
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Default re: Goal: No Sell Bitcoin 2018

I think if you buy BTC from Exchanges and you sold at a profit in the Exchanges, definitely they can track your gains and you must report for taxes. But if you convert it to another coin outside of the Exchanges, they will never see the profit after that.
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  #51  
Old 12-02-2017
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Default re: Goal: No Sell Bitcoin 2018

It's very complicated with trading on exchanges... the ones I'm part of don't keep track of things like profit/losses so it's all on you.. unless I'm missing out on some good exchanges. Come tax time it's going to be a guessing game on profits..
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  #52  
Old 12-03-2017
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Default re: Goal: No Sell Bitcoin 2018

localbitcoin is what i have always used for years. coinbase a better place to buy ? i have always kept them in the wallet at localbits site ..
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  #53  
Old 12-03-2017
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Default re: Goal: No Sell Bitcoin 2018

BITCOIN Gains!!

Last Price
$11,767.91

Imagine a year from now...
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  #54  
Old 12-03-2017
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Default re: Goal: No Sell Bitcoin 2018

Imagine it 5 years from now
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  #55  
Old 12-03-2017
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Default re: Goal: No Sell Bitcoin 2018

Who's sold? Come on... spit it out

Quote:
Originally Posted by aspkin View Post
BITCOIN Gains!!

Last Price
$11,767.91

Imagine a year from now...
With big investments into bitcoin now, I think value rise in $1k increments will become the norm... back few months, reaching $6k, $7k, $8k was a challenge.

Last edited by Play; 12-03-2017 at 12:02 PM.
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  #56  
Old 12-03-2017
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Default re: Goal: No Sell Bitcoin 2018



Back less than a year ago when I saved Preev.com as a bookmark. Everytime I go to open it, it reminds me of how times have changed.

Price now...

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  #57  
Old 12-03-2017
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Default re: Goal: No Sell Bitcoin 2018

Might hit 12k today
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  #58  
Old 12-06-2017
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Default re: Goal: No Sell Bitcoin 2018

You Mean 13,000K
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  #59  
Old 12-06-2017
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Default re: Goal: No Sell Bitcoin 2018

Quote:
Originally Posted by bluegrass1 View Post
localbitcoin is what i have always used for years. coinbase a better place to buy ? i have always kept them in the wallet at localbits site ..
Stick to LBC if you aren't on Coinbase or another exchange already.

Regulations are coming quickly. Buying from LBC is the least traceable method. Buying on exchanges has become less favorable now that you have to totally dox yourself to buy in.
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  #60  
Old 12-06-2017
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Default re: Goal: No Sell Bitcoin 2018

I was waiting for a retracement at 10k, then 12k now its 14k and I dont know wether I should buy more or not!

What do you guys think
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  #61  
Old 12-07-2017
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Default re: Goal: No Sell Bitcoin 2018

Nobody knows.. just buy and hold. I just bought some more today even with today's high.

I'm going to stick it in cold storage and forget about it. It's nothing to me now.
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  #62  
Old 12-07-2017
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Default re: Goal: No Sell Bitcoin 2018

Quote:
Originally Posted by aspkin View Post
Nobody knows.. just buy and hold. I just bought some more today even with today's high.

I'm going to stick it in cold storage and forget about it. It's nothing to me now.
Yup same here. I'm going to be buying a lot more later this month. Put it away, forget about it for 1 to 3 years.

For better or for worst, I know for a fact 2018 would be a big year for Bitcoin.
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  #63  
Old 12-07-2017
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Default re: Goal: No Sell Bitcoin 2018

Who wants to put money on Gold when you have BTC!
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  #64  
Old 12-07-2017
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Default re: Goal: No Sell Bitcoin 2018

Quote:
Originally Posted by Play View Post
Yup same here. I'm going to be buying a lot more later this month. Put it away, forget about it for 1 to 3 years.

For better or for worst, I know for a fact 2018 would be a big year for Bitcoin.
Exactly! This is a chance of a lifetime... and I don't think most people see that. The key is to hold through all the ups and downs.

The real gains are coming up.
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  #65  
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Default re: Goal: No Sell Bitcoin 2018

Every real person I talk to about bitcoin young adult to elderly usually has a response that ranges from, "X-thousand for a bitcoin? That's way too expensive," to "I hope it works out for you," or "Bitcoin is a bubble."

It's hard for people to grasp the future. My elderly roommate has thrown $5 per week at lottery tickets for the last 20 years. I have an old friend that got put into a nursing home a couple years ago that I hope invested his $2 million net worth into bitcoin this year and sold at least his original investment if it ever crashes. I just don't talk to him much and don't like to give people investment advice unless they're paying me.
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  #66  
Old 12-07-2017
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Default re: Goal: No Sell Bitcoin 2018

Edit.

I'm just aspkin.

Don't take any financial advice from me.

While yes I have made good money off bitcoin in the last year (everyone has with bitcoin), I have made mistakes.

My secret power is I have the money to fix those mistakes and take advantage of the situation while others may not.

I don't invest more than 10% of my net worth into bitcoin.

I invest what I'm willing to lose.

I have no need for the extra money I put into Bitcoin, it's less about investing and more about a game for me. You win when you have the most bitcoin.

This thread will be about my journey to holding for 2018 and what that will bring. It's an experiment and part of the game for me.

Join me.
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