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Official BGOL Crypto Currency Thread ★★★★★

pissy drunk! said:
WTF is up with Coinbase.

They taking forever to transfer my bitcoins to and exchange.

Any other alternatives?

I also still have to cash in the bank that I want to use to buy coins. What are the best options for that also since Coinbase is acting shitty,.
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how long have you been waiting... it really shouldnt take longer than twenty minutes..??

do you see the deposits pending on the exchange you transferred it to??
 
TheyCallMeBe said:
The price of a coin doesn't matter. A coin that is .001 cents is not a better value than a coin that's $1,000. It's all about marketcap. Never but a coin just because it's "cheap".
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Not just because it’s cheap of course not.... but if it is fulfilling a basic human need it improving upon a current operation, along with a great team and notable affiliations, then you may be sitting on a gold mine... like KIN is founded by the CEO of Kik and he will be using the already established market base and network infrastructure to implement the coin and protocols stemming from it... ReddCoin is on some Netflix’s Black Mirror type shit where folks get paid for likes... cheap is not the answer solely fasho, but paying big bucks for partial shares is not the smartest thing either
 
cincitystudios said:
what coins have an announcement coming up in the next 2 or 3 days. I'm about to put some more money in the game for a quick flip
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Maybe tron


TRON
$0.042653USD(-17.02%)
0.00000280 BTC(-9.60%)
0.00005512 ETH(-11.93%)

Market Cap
$2,804,370,803USD
184,372 BTC
3,624,277 ETH
Volume (24h)
$407,152,000 USD
26,768 BTC
526,189 ETH

Circulating Supply
65,748,192,475 TRX
Total Supply
100,000,000,000 TRX
 
Thread didn't have as much traffic as I thought it would....guess everybody's waiting for tomorrow to see what kind of gains happened
 
darth frosty said:
At a guess after a year of holding he can claim the profit as long term capital gain which is taxed at 15%

If he rolls it over to another crypto that resets the process and he would have to pay the higher capital gains tax.
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Awwww shit I didn't know that...so in order to claim the 15% tax rate you have to hold for a year? I thought any gains were taxed at that rate no matter when you claimed the profit. Didn't know you had to wait a year
 
sumofyallniggasisbitches2 said:
Awwww shit I didn't know that...so in order to claim the 15% tax rate you have to hold for a year? I thought any gains were taxed at that rate no matter when you claimed the profit. Didn't know you had to wait a year
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Umm yeah My response was based on Bro LegalMoney's post below he's the expert.


LegalMoney said:
Long-term capital gains treatment is when you've sold a capital asset that you've held longer than a year. Long-term gains is around 15%.

Short-term is a sale less than a year which is taxed at nominal income tax rate, meaning up to 42%.

What I believe you're referring to is whether the banks will flag your account for deposits more than $10k per month or whether Coinbase will issue a 1099 to the IRS for your sale.

Generally banks won't flag your account under KYC/AML laws unless they see odd deposits. But with crypto more mainstream I doubt they do so unless you really depositing anything more than $10k.

On the tax end if you bought and sold crypto within this year it's all likely subject to short term capital gains.
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darth frosty said:
At a guess after a year of holding he can claim the profit as long term capital gain which is taxed at 15%

If he rolls it over to another crypto that resets the process and he would have to pay the higher capital gains tax.
Click to expand...

sumofyallniggasisbitches2 said:
Awwww shit I didn't know that...so in order to claim the 15% tax rate you have to hold for a year? I thought any gains were taxed at that rate no matter when you claimed the profit. Didn't know you had to wait a year
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So you buy in with BTC. You trade for a crypto that goes up 70 times. Let's say you have balls of steel and just let it ride. It goes up even higher. You have held it for a year by now. So you think it's long-term capital gains, right? But how do you cash out? :confused: You have to flip to something that switches to fiat. No more long-term when you do.
 
gene cisco said:
So you buy in with BTC. You trade for a crypto that goes up 70 times. Let's say you have balls of steel and just let it ride. It goes up even higher. You have held it for a year by now. So you think it's long-term capital gains, right? But how do you cash out? :confused: You have to flip to something that switches to fiat. No more long-term when you do.
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so in that scenario if I flip to something other than Fiat, I have to hold for another year??
 

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