Official BGOL Crypto Currency Thread ★★★★★

I wonder how many of you all have pulled out your initial investment?

I was thinking about doing this but damn I want to wait until XVG makes another run maybe in the 1-3 cent range. Most of my money is tied up in XVG...hopefully that shit starts moving pretty soon.
I've invested about $2,000 and pulled out $4,000. still got over $30k in. Mining about to give me a nice monthly return though.
 
thanks. but if my understanding is correct, everytime you acquire, flip, trade coins...those are considered taxable events. thats why i am trying to see if anyone else is understanding m,y question. when next tax season rolls around, do we need to report all of our transactions. not even talking about cashing out. from the time you acquire a bitcoin, did you make or lose money off of that bitcoin.
worse case scenario, you dont claim any of your moves. 3 years later, you are ready to cash out but the irs has you hemmed up in audits.

Some people try to classify every purchase of one coin with another coin as like kind. Ain't nobody logging all them fucking trades.

Basically you have to access the market value at the time of the trade. How they gonna calculate if it's a long term or short term when I added to the same bitcoin pile that has been sitting for over a year making it long term. But what percentage of the cash out would be considered short term.
 
I usually don't say shit, but if I told you the altcoin shit that just dropped in my lap yall would say I was lying @largebillsonlyplease
Brother share the wealth. Also I need to talk to you about developing this ICO. It's more than blockchain so I'll still need the insights of talented knowledgeable people like yourself.

Be my Wozniack fam... except I'll actually give you credit
 
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I figure we all need to be whales; its like we all buy a coin at the same time causing manipulation; we can move the needle on this little coins drastically if we all buy at the same time, i think; and since it will be a lot of us buying from all over the states it won't be one ip address; people will see that and hopefully start buying the coin; run that bitch up and sell when the price is right; we can make a killing; maybe I'm simplifying it too much though.....

Found this portfolio tracking website for your crypto portfolios: https://altpocket.io/

Also since a lot of us got Verge (XVG) why dont we coordinate our buys at the same time. For example this friday at 8pm we all buy 100,000 verge shares. BGOL whale Group.......let move together brethren and kill the game.

Nice drop with the tracking website.

If we ever do coordinate like that, would be through PMs with trusted members here.

I like the idea , but we're in different time zones... set the time zone and let's do this

I'm down with it!! Maybe we just need a twitter account and everyone follow. I like the PM idea also. So lets say Sunday at 11pm Eastern time. We all buy 100,000 verge. Or some other coin we like. We could do this every week at the same damn time. Every week a coin would get picked to get pumped by the bgol whale group. Pump it then Dump it we all get paid. Seem like a great idea. So do you guys prefer twitter or a DM chain message?? Or maybe a new thread just for the Bgol Whale Group??
 
I'm down with it!! Maybe we just need a twitter account and everyone follow. I like the PM idea also. So lets say Sunday at 11pm Eastern time. We all buy 100,000 verge. Or some other coin we like. We could do this every week at the same damn time. Every week a coin would get picked to get pumped by the bgol whale group. Pump it then Dump it we all get paid. Seem like a great idea. So do you guys prefer twitter or a DM chain message?? Or maybe a new thread just for the Bgol Whale Group??
we need something a little more urgent depending on the size of the group... like telegram or a new thread with the information posted daily/weekly....
 
I'm down with it!! Maybe we just need a twitter account and everyone follow. I like the PM idea also. So lets say Sunday at 11pm Eastern time. We all buy 100,000 verge. Or some other coin we like. We could do this every week at the same damn time. Every week a coin would get picked to get pumped by the bgol whale group. Pump it then Dump it we all get paid. Seem like a great idea. So do you guys prefer twitter or a DM chain message?? Or maybe a new thread just for the Bgol Whale Group??
I'm in:money:. I got 2 on it.
 
Peace family,

I know we're all making money and making moves but remember this is still a Game and you don't win until the cash is in your hands.

Worrying about taxes and fees on crazy amounts of money that hasn't been realized is silly.

The Bitcoin scaling issue could have serious ramifications on the entire market because if there is a problem EVERYTHING suffers.

Ethereum and every alt will tank if Bitcoin suffers. It is the proof of work for every coin.

Be smart and at very least sell off a decent amount into Coinbase USD wallet. Coinbase doesn't report your holdings to the government just like every other bank. If you need time to think of an exit strategy you can do that.

Be smart and get this money!
 
Peace family,

I know we're all making money and making moves but remember this is still a Game and you don't win until the cash is in your hands.

Worrying about taxes and fees on crazy amounts of money that hasn't been realized is silly.

The Bitcoin scaling issue could have serious ramifications on the entire market because if there is a problem EVERYTHING suffers.

Ethereum and every alt will tank if Bitcoin suffers. It is the proof of work for every coin.

Be smart and at very least sell off a decent amount into Coinbase USD wallet. Coinbase doesn't report your holdings to the government just like every other bank. If you need time to think of an exit strategy you can do that.

Be smart and get this money!
:cool:
 
Peace family,

I know we're all making money and making moves but remember this is still a Game and you don't win until the cash is in your hands.

Worrying about taxes and fees on crazy amounts of money that hasn't been realized is silly.

The Bitcoin scaling issue could have serious ramifications on the entire market because if there is a problem EVERYTHING suffers.

Ethereum and every alt will tank if Bitcoin suffers. It is the proof of work for every coin.

Be smart and at very least sell off a decent amount into Coinbase USD wallet. Coinbase doesn't report your holdings to the government just like every other bank. If you need time to think of an exit strategy you can do that.

Be smart and get this money!

You know what. You have a point. As crazy as the market is it doesn't hurt to pull yer initial investment plus some. What's left is money you got from others and u can play with that.
 
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Peace family,

I know we're all making money and making moves but remember this is still a Game and you don't win until the cash is in your hands.

Worrying about taxes and fees on crazy amounts of money that hasn't been realized is silly.

The Bitcoin scaling issue could have serious ramifications on the entire market because if there is a problem EVERYTHING suffers.

Ethereum and every alt will tank if Bitcoin suffers. It is the proof of work for every coin.

Be smart and at very least sell off a decent amount into Coinbase USD wallet. Coinbase doesn't report your holdings to the government just like every other bank. If you need time to think of an exit strategy you can do that.

Be smart and get this money!

Correct. This is the wild wild west, and anything is possible. The one thing I keep hearing people complain about is the fees. In this game you have to realize you have to pay to play. You can't worry about the fees, the object is to get the money. The best option for getting money is to convert to bitcoin and move to coinbase or other exchanges to withdraw. You should have accounts on numerous exchanges where you can move your bitcoin to.
 
Correct. This is the wild wild west, and anything is possible. The one thing I keep hearing people complain about is the fees. In this game you have to realize you have to pay to play. You can't worry about the fees, the object is to get the money. The best option for getting money is to convert to bitcoin and move to coinbase or other exchanges to withdraw. You should have accounts on numerous exchanges where you can move your bitcoin to.

Peace family,

I know we're all making money and making moves but remember this is still a Game and you don't win until the cash is in your hands.

Worrying about taxes and fees on crazy amounts of money that hasn't been realized is silly.

The Bitcoin scaling issue could have serious ramifications on the entire market because if there is a problem EVERYTHING suffers.

Ethereum and every alt will tank if Bitcoin suffers. It is the proof of work for every coin.

Be smart and at very least sell off a decent amount into Coinbase USD wallet. Coinbase doesn't report your holdings to the government just like every other bank. If you need time to think of an exit strategy you can do that.

Be smart and get this money!

What more can be said. I agree 100%. Dudes just getting greedy/excited :lol:

I haven't pull anything out yet but I can feel one of these coins poppin this summer to where I'll pull out a little change
 
What more can be said. I agree 100%. Dudes just getting greedy/excited :lol:

I haven't pull anything out yet but I can feel one of these coins poppin this summer to where I'll pull out a little change

I would suggest that you go ahead and withdraw some money in every way possible, so that you know how the process works when it is time to move. Also as some have pointed out, when you get ready to withdraw, these crooks will have all kind of obstacles up in order for you to get your paper. You need to make sure that those obstacles have been knocked down so that your money can move.
 
Have good risk management.

For instance, I use Blockfolio to track my investments and when I hit the target I take 10% of profit and transfer to my personal Bitcoin "savings" in another wallet. The remaining goes into other trades but I make sure to pay myself.

After my savings reaches a certain amount I transfer some to Coinbase and sell into USD just in case Bitcoin takes a wild swing down I can buy the dip. I also keep some Bitcoin savings in Coinbase.

Y'all got to prepare for the worst. Even if your coins aren't on exchanges how are you going to cash out when its a market panic and everyone is trying to cash out at the same time?

You think transaction speeds are bad now wait until a market panic.

You want to make sure you can execute a sell order to USD as fast as possible. Transferring from wallets to Coinbase during a sell off is costing you thousands per second.
 
I would suggest that you go ahead and withdraw some money in every way possible, so that you know how the process works when it is time to move. Also as some have pointed out, when you get ready to withdraw, these crooks will have all kind of obstacles up in order for you to get your paper. You need to make sure that those obstacles have been knocked down so that your money can move.
yep.. we need a gopher :roflmao:
 
The crypto markets are stagnant right now
Hopefully Comey or Trump will say something stupid, to cause the markets to spike up
I need to make some money today

:cool::cool::cool:

The dollar is gonna do everything but get strong under this administration. Now is a really good time to stack ETH and BTC
 
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