Official BGOL Crypto Currency Thread ★★★★★

Screenshot_20171227_152722_01.jpg
:money:
 
I'm not worried about the prospect of being taxed on every transaction. The IRS doesn't have the resources nor the manpower to go through millions of people's accounts on dozens of exchanges tracking every single time you bought and sold and bought and sold, etc. It's literally too much for them plus the exchanges don't necessarily keep good enough records to support that. That rule/law obviously didn't have crypto in mind.

Also, how would they handle the LOSSES that you have?

I would imagine that in the immediate future, they'll focus on how much goes into your bank account since that'll be reported to them anyway.
Sure they do...the IRS will pay out 10 dollars to collect 5...
 
Add nav and WGR

I would have to sell another coins position to get wagerr, nav is trading at all time highs. But... I do likke wagerr. It's not on many exchanges now, I think it's set to shoot up when it spreads its wings. I wonder what's keeping it from joining other major exchanges? Doesn't have a working product yet right?
 
FYI FAM

IFT will be a force to be reckoned with. GET IT NOW on Cryptopia (As of Yesterday)
They dropped the Stock & Equities Platform for Crypto...GAME CHANGER
They gonna be a "Home" of Crypto for News, Videos, Advice and anything social
An already established company full of knowledgeable people that will ultimately bring new people into Crypto as well

"$1,000,000 of Game for FREE"


https://www.investfeed.com/login

http://forextv.com/equities/fintech-firm-investfeed-ditches-equities-for-cryptocurrency/

investFeed, a community-powered stock trading network, announced on Thursday that it is making the ambitious move to drop U.S. equities from its platform and to replace them with digital currencies.

The New York-based firm, which launched in 2014, revealed it made the decision to pivot to blockchain-based assets due to a growing demand from its more than 15,000 users, as well as the explosive growth of the $100 billion cryptocurrency industry. CEO of investFeed Ron Chernesky stated:

“Our strong belief in the future of cryptocurrencies prompted our decision to pivot from equities to decentralized digital assets. We feel that investFeed’s future should fully embrace the greatest technological breakthrough since the Internet. We decided to refocus our offering in order to take advantage of the vast opportunities in crypto, including the exponentially-growing number of people globally interested in trading, finding accurate ticker prices, and seeking out peer ideas. After opting out of a $5 million dollar traditional raise, we think there is a superior way to fund development, a Token Generation Event (TGE).”

investFeed also announced it will conduct a token sale capped at the relatively low 28,000 ETH maximum. Participants will be issued the majority of FEED tokens immediately after the TGE. The tokens will be released within 90 days of the raise, and 2.5% will go to the creation of the new investFeed platform, 5% will go to the Core Team, 1.5% will go to a bounty and rewards system, 2% will go to the advisors, and the participants will receive the remainder. Chernesky shared:

“Our TGE will provide us with the minimum we need to construct the platform, keep it sustainable, and rapidly grow our community. In this process we have discovered the public’s immense interest in what we are doing. Our advantage is that investFeed is already an established social network, with 78% of our user base being experienced stock traders. Coincidentally, a large portion of these stock traders reached out to us directly expressing a desire to include cryptocurrencies and other blockchain-based assets and opportunities on our platform. We are confident that our product will become the most popular marketplace and community hub for cryptocurrency startups, traders, enthusiasts, and news junkies,” said Chernesky.

CTO of investFeed Andrew Freedman also commented:

“The switch from equities to cryptocurrencies will also target a millennial user base that has shown disinterest in traditional investments. According to Bankrate, only one in three millennials has invested in the stock market. Millennials are more excited by this new technology because they feel empowered by the ability to participate in markets without traditional third-party interference.”

investFeed went on to reveal it published a comprehensive white paper describing its pivot, the new platform features, their product roadmap, and mechanics of the token sale. Freedman shared:

“We have always prided ourselves on being an open, honest, and transparent organization, as well as one willing to listen and adapt to an evolving community and industry. We are adding a team of dedicated developers to accelerate the platform roll-out, redesigning our investFeed app that is already available on Android and iOS, conducting a complete UI makeover and integrating multilingual support. investFeed will be the epicenter for cryptocurrency social, market data, crowd sentiment, breaking news, information on existing/trending/new projects, as well as have integrated asset portfolio/order management and sharing capabilities.”

investFeed added the FEED token holders will be able to spend their FEED on accessing premium content like highly-rated or high-performing trader insights, an ad-free experience, and boosting or promoting their own content.


what do you think about InvestFeed long term?

I missed the boat on substratum @.13 a few weeks go
 
The folks who created & maintained this thread deserve a round of applause (I would say money but y'all straight).

They were dreaming about the day this would happen.

If you haven't read this entire thread from start to finish do it.

By far the best thread on this board and potentially life changing.

Bravo gentlemen.
I've always said it will be one-two years from the point we all got in. Boy 2017 has been one hell of a ride.
 
I dont think they are yet... coinbase is like that is their goal to eventually do..

but they dont like the way the irs is wanting them to just give up information on everyone..

I think coinbase has to give up information on folks who withdrew a profit of twenty thousand or more but dont quote me...

This is not correct
Coinbase settled with the IRS to send 1099 for everyone who transacted over $20K (i.e. paid in + withdrew)
Not profit of over 20k

https://support.coinbase.com/customer/portal/articles/2721660

What are Coinbase's reporting obligations?
Coinbase has an obligation to complete 1099-K filings for its customers with business use accounts which have received digital currency into their account in volumes at or above the required reporting threshold (more than 200 receipt transactions which amount to greater than $20,000 during the calendar year). If we are required to complete a 1099-K on your account, you will receive it on or before January 31 for the prior calendar year. Note that we are not required to file the 1099-K with the IRS until later in the spring.
 
This is not correct
Coinbase settled with the IRS to send 1099 for everyone who transacted over $20K (i.e. paid in + withdrew)
Not profit of over 20k

https://support.coinbase.com/customer/portal/articles/2721660

What are Coinbase's reporting obligations?
Coinbase has an obligation to complete 1099-K filings for its customers with business use accounts which have received digital currency into their account in volumes at or above the required reporting threshold (more than 200 receipt transactions which amount to greater than $20,000 during the calendar year). If we are required to complete a 1099-K on your account, you will receive it on or before January 31 for the prior calendar year. Note that we are not required to file the 1099-K with the IRS until later in the spring.

oh thanks for the update,,,
 
what do you think about InvestFeed long term?

I missed the boat on substratum @.13 a few weeks go

I have a connect AT InvestFeed.
I would sell after they go live with their API in January. I am assuming that there will be a large
gain as a result. So, buy now sell at the end of January. Company as of now is shaky and they not getting on any major exchanges anytime soon
 
Last edited:
I have a connect AT InvestFeed.
I would sell after they go live with their API in January. I am assuming that there will be a large
gain as a result. So, buy now sell at the end of January. Company as of now is shaky and they not getting on any major exchanges anytime soon
I bought some about 3 months ago for around .4 I’ve been sitting on them I thought about buying another 15 to 20,000
 
What's going on in South Korea I heard they gonna shut down some exchanges... ???

OK they saying a shut down is possible because they want to protect investors from

Losing money and or from a possible cyber attack...

Yeah right.....

Bitcoin got these govts shook monkey
 
Last edited:
Back
Top