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bitcoin
 

Anyone have any thoughts on this recent Crypto dip? Is it the start of a bear market, or just our usual consolidation?

Re: bitcoin
 

The resistance is still solid. Let's see how the next days will be.

Re: bitcoin
 

Not losing any sleep.
Remember the good old days when bitcoin was in the 30's? lol

Re: bitcoin
 

30s are still on the cards if we suddenly collapse aha! But thats pretty improbable

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I see BTC is holding high above $45k which I feel it isn't going to drop below that ever again. So many banks and companies now getting into Crypto. Even gold is losing it's value.

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Tesla just started accepting Bitcoin as payment method today.
Lets see what big companies follow in their footsteps. Only a matter of time.

Re: bitcoin
 

IRS considers Bitcoin as an asset.
When you use Bitcoin to pay for a TSLA car,you are selling your bitcoin,so you will report any long or short term capital gain or losses.
Given the fact most buyers could have bought bitcoin at a lower price ,he will have a short or long term capital GAINS to report,making his TSLA purchase more costly than the ticket price.

Re: bitcoin
 

I also read IRS wants us to report our Bitcoin holdings on our tax return,I cant confirm that,so will see.

Re: bitcoin
 

ask a chart reader what he thinks of the recent volatility,I have seen it in other instruments-stock,commodities,it is called distribution ,not a good sign

Re: bitcoin
 

We in Q1/Q2 and Biden just announced another 4T in infrastructure, hinting at another stimulus round in April.

Everyone expects the run to last until December based on previous bull run cycles, but this time having big players driving the rally, I wouldn't be surprised to see a 1-2 year bull run

As long as central banks keep printing money, you won't find a scarcer asset than BTC

Re: bitcoin
 

Yet another push for the bull run coming from Paypal - they just announced that they are going to let US customers pay in Bitcoin at global merchants (until now you could only buy crypto using paypal - now youll be able to actually use it to make purchases as well).
That is BIG news.

Re: bitcoin
 

Yup, once PayPal lets you withdraw your crypto, that's gonna be even better

Also recently, check out USDC and Visa

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Im wondering which big bank will be the first to integrate a Crypto wallet into their online banking offerings.
The first bank to do that will win a LOT of business.

Re: bitcoin
 

Welcome to the forum - all the best as you master stealth :thumb:

https://youtu.be/TLcuTISVs3s

Re: bitcoin
 

seller can also keep your bitcoins in his Paypal wallet.

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I always say that coinbase is the paypal of crypto.
Now it seems that paypal is the paypal of crypto... this is getting confusing lol

Re: bitcoin
 

Just the usual. We're back up.