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Official BGOL Crypto Currency Thread ★★★★★

brother one more thing...since things are up right now......WE SHOULD ALL BE SEEKING/PLANNING AN EXIT STRATEGY. Preferably one that minimizes tax liability. I wonder if the money made on bitstamp counts as money made outside of the US and therefore not taxable. google, apple, and other companys have offshore international corp HQ that minimize tax liability. the HQ s are in Ireland with accounts in the caymen islands. so I'm wondering how does all this work. I have some brother on board that have sent info but we need some accountants and lawyers in on this to help out. I'm already looking around to see what advice I get. I don't want to wait til the last minute when I become a multimillionaire.
 
Yoooo. Monero is doing the damn thing too.

Shout out to the brothers who convinced me to start mining Moneros back in January :yes:
 
Where can i get/ create text alerts for these coins... anything move so much as 10 points i wanna know about it..... lol

Think we finally hit a wall....



edit * nvm :yes::yes::smh::smh:
 
Moving Target said:
brother one more thing...since things are up right now......WE SHOULD ALL BE SEEKING/PLANNING AN EXIT STRATEGY. Preferably one that minimizes tax liability. I wonder if the money made on bitstamp counts as money made outside of the US and therefore not taxable. google, apple, and other companys have offshore international corp HQ that minimize tax liability. the HQ s are in Ireland with accounts in the caymen islands. so I'm wondering how does all this work. I have some brother on board that have sent info but we need some accountants and lawyers in on this to help out. I'm already looking around to see what advice I get. I don't want to wait til the last minute when I become a multimillionaire.
Click to expand...

I was thinking about this as well. I don't remember giving Kraken or Polo my SS #.The only thing the IRS could really track are the deposits. I don't believe they can track what we have in the Exchanges or any Witdrawls that don't require a SS#(Bitcoin ATM or an offshore account). So I would think we could just make an account offshore then convert to US dollars on the Exchange and send it to the account. It might be tough to wash all that cash though.
 
Moving Target said:
brother one more thing...since things are up right now......WE SHOULD ALL BE SEEKING/PLANNING AN EXIT STRATEGY. Preferably one that minimizes tax liability. I wonder if the money made on bitstamp counts as money made outside of the US and therefore not taxable. google, apple, and other companys have offshore international corp HQ that minimize tax liability. the HQ s are in Ireland with accounts in the caymen islands. so I'm wondering how does all this work. I have some brother on board that have sent info but we need some accountants and lawyers in on this to help out. I'm already looking around to see what advice I get. I don't want to wait til the last minute when I become a multimillionaire.
Click to expand...
Another thing I haven't seen mentioned are the site fees for withdrawals. i guess we need to be cognizant of those costs as well.
 
xxxbishopxxx said:
Another thing I haven't seen mentioned are the site fees for withdrawals. i guess we need to be cognizant of those costs as well.
Click to expand...

I was just looking @ kraken's fees yesterday...it ranges w/ the max being $60 for the fastest withdrawal/transfer to your bank
 
largebillsonlyplease said:
same way that he got it into kraken however it's a way quicker verification process- same day.

he's going big with 10k I'm not going to front like I put 10k into it.
I did put a "nice" chunk in there.


I hope we all win.

My thinking is to basically buy a super surplus amount so that in times where it peaks I can sell a little off and make some change and still have significant holdings in it as it fluctuates.
Like the other day when Bitcoin hit 1k say this hits 1k I could sell off 200 of them or 500 of them - and it not even be a dent in my overall holdings.
Click to expand...

.........................................................
 
Spectrum said:
What's the word on Stellar?
Click to expand...

I bought it at $0.20 some odd cents. and its more than doubled to $0.43 cents. Still holding. Setting up multiple accounts :yes:

Bought Ripple at $0.09 cents and its at $0.15 cents. All in a span of LESS than 24 hours of setting up accounts. :dance:

This is the work of Master Fard Muhammad! :D
 
largebillsonlyplease said:
.........................................................
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ya man that is why I wanted to get a million so badly...@ the time my $$$ was tied up and my interest had started to wane...by the time I got my shit straight XRP was making that first run @ $0.06 the day poloniex fucked up for everyone...$0.10 woulda been the first milestone marker for me and I would've taken out 100k...damn smh
 
LSN said:
ya man that is why I wanted to get a million so badly...@ the time my $$$ was tied up and my interest had started to wane...by the time I got my shit straight XRP was making that first run @ $0.06 the day poloniex fucked up for everyone...$0.10 woulda been the first milestone marker for me and I would've taken out 100k...damn smh
Click to expand...

But don't beat yourself up because you bought some so it's still good
like i should still buy more now but i doubt i will
i bought 6 figures of them at that point and now is the time to wait

cause all of this shit is butter. all of it. once it hits the bucks? shit man

that's why i want us to find the next ripple.. and it does exist because prior to this thread we didn't think it did.
 
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Moving Target said:
no offense but when I even thought about this ...xrp to 25 dollars. for some reason it was frightening to me....bc I would HAVE to live my wildest dreams including traveling around the world.
Click to expand...

Man I am gonna travel but I'm be low key. I need to start hitting entrepreneur/real estate/venture capital books hard so I know what to do with mine. Ain't nobody gonna know nothing.
 
largebillsonlyplease said:
that's why i want us to find the next ripple.. and it does exist because prior to this thread we didn't think it did.
Click to expand...

if ripple falters for w/e reason it'll probably be stellar...thread may need another breakdown of what these coins do...to find out which ones are competing w/ each other...which ones are legit vs. pump n dump shit etc.
 
Is anyone using the margin trades on Poloniex? There is more risk but it seems better than loaning out your coins.
 

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