Official BGOL Crypto Currency Thread ★★★★★
- Thread starter Matt Beesy
- Start date
Someone hacked his account.
Just watched this bullshit each one of them cnbc host needs the shit beat out of them
I hate hit pieces like that on the news.
Looking to lock down my assets in a wallet but I see that no one solution exists. Is the Nano S easy to use because watching a few videos, it seems kind of difficult to me. Exodus looks like the easiest to use platform but it doesnt hold all types of coins...Arghhhh
Has anyone used a bank wire for gdax?
Used one for coinbase. Wasn't bad for the $20 fee from Chase and $10 from Coinbase. Which was about 1% of my trasaction
Massive pump on what?
I have been kicked out of the pump group , so I m now monitoring binance to see which coin is being pumped .
I think nano should be very easy to use, plus you could always search youtube for step by step video.....
I was viewing how to transfer ripple to the nano and it looked simple as can be..
what got you kicked out of the group..? is this the bgol one??
Nah it’s on discord . I m a lurker on bgol, but since this thread made me a couple of stacks , just felt obligated to share with family here ,
yea this thread made me some decent cash... not enough to retire..
but enough to make some legit money moves...
why they kicked you out the group tho?? you was trollin their asses....
Did your money post immediately on coinbase or did u have to wait a few days?
Server was congested , so there where using a ranking system to let you in . I m back in now but pump is over .yea this thread made me some decent cash... not enough to retire..
but enough to make some legit money moves...
why they kicked you out the group tho?? you was trollin their asses....
ripple at buck forty seven...
could it do 1.50??
could it do 1.50??
Like the poster earlier, speak with your tax professional.
The new U.S. tax code amends IRC Section 1031 (a)(1) regarding “like kind exchanges,” excluding all cryptocurrencies from a previous legal loophole and making all cryptocurrency trades a taxable event.
http://bitcoinist.com/cryptocurrency-investors-lose-tax-break/
Since March 2014, the IRS has treated Bitcoin and other digital currencies as property for tax purposes. This makes them subject to capital gains tax, requiring taxes be paid whenever crypto is exchanged for fiat currency (ie. cash).
Coins held for less than a year are subject to regular income tax, which can range anywhere from 10 to 37 percent, depending upon personal income levels. Coins held for longer than one year are subject to long-term capital gains tax, which caps at around 24 percent.
However, it has never been clear whether a trade between two different cryptocurrencies qualifies as a “like kind exchange.” Up until this point, cryptocurrency trades have typically resided in this legal gray area, granting most traders a loophole for deferring taxes on short-term capital gains.
However, the new amendment definitively narrows the 1031 exemption to only cover real estate swaps, excluding Bitcoin entirely. It specifically limits the scope of the law from previously covering “property” to now only covering “real property.” And as a digital asset, cryptocurrency is about as far from “real property” as one can get.
The end result is that, starting next year, effectively all cryptocurrency trades will be taxed at the time of their execution, bringing an end to one of the most lucrative tax loopholes previously available to traders.
New Tax Law Closes Bitcoin Loophole
http://fortune.com/2017/12/21/bitcoin-tax/
The tax act in Sec. 13303 amends IRC Section 1031 (a)(1) to delete “property” and replace it with “real property” … So, you can see that now I can no longer take the position that my Bitcoin to Litecoin exchange was a like kind one under Sec. 1031, and I have to recognize the gain when I do it.
The new U.S. tax code amends IRC Section 1031 (a)(1) regarding “like kind exchanges,” excluding all cryptocurrencies from a previous legal loophole and making all cryptocurrency trades a taxable event.
http://bitcoinist.com/cryptocurrency-investors-lose-tax-break/
Since March 2014, the IRS has treated Bitcoin and other digital currencies as property for tax purposes. This makes them subject to capital gains tax, requiring taxes be paid whenever crypto is exchanged for fiat currency (ie. cash).
Coins held for less than a year are subject to regular income tax, which can range anywhere from 10 to 37 percent, depending upon personal income levels. Coins held for longer than one year are subject to long-term capital gains tax, which caps at around 24 percent.
However, it has never been clear whether a trade between two different cryptocurrencies qualifies as a “like kind exchange.” Up until this point, cryptocurrency trades have typically resided in this legal gray area, granting most traders a loophole for deferring taxes on short-term capital gains.
However, the new amendment definitively narrows the 1031 exemption to only cover real estate swaps, excluding Bitcoin entirely. It specifically limits the scope of the law from previously covering “property” to now only covering “real property.” And as a digital asset, cryptocurrency is about as far from “real property” as one can get.
The end result is that, starting next year, effectively all cryptocurrency trades will be taxed at the time of their execution, bringing an end to one of the most lucrative tax loopholes previously available to traders.
New Tax Law Closes Bitcoin Loophole
http://fortune.com/2017/12/21/bitcoin-tax/
The tax act in Sec. 13303 amends IRC Section 1031 (a)(1) to delete “property” and replace it with “real property” … So, you can see that now I can no longer take the position that my Bitcoin to Litecoin exchange was a like kind one under Sec. 1031, and I have to recognize the gain when I do it.
where is the article on this. I was looking for it? Which bank.
Found this: https://coinjournal.net/category/ripple-news/
Guys, XRP is at an all time high, but I can't see it falling much below these heights with news and partnerships like these.
Guys, XRP is at an all time high, but I can't see it falling much below these heights with news and partnerships like these.
link?
Hell yeah bro.. I'm Hella grateful to the bgol family for all the game given in this thread!!
This.,...
THIS!
What is the downside of purchasing when whales are dumping?
I have nano S...super simple with ripple
if it wasnt for bgol, I wouldnt know what the hell
a ripple was or how to obtain them...
thats what Im sayin....
I have yet to get one tho.. did you purchase it direct or get it from a third party like amazon...
a ripple was or how to obtain them...
thats what Im sayin....
I have yet to get one tho.. did you purchase it direct or get it from a third party like amazon...
subscribed!!!
So basically it doesn't matter, they're forcing you into short term gains. Personally like I said earlier, I wasn't tripping on the long term gains aspect as that was always iffy on what that for meant Bitcoin. Just add your total income with what you withdrew into fiat and you have your tax bracket. It's all money we wouldn't had otherwise. Whatever your goal is if it's beyond $500K just add the tax to it and make that your new withdrawal target. Prepare yourself to not get attached to the full amount. IRS can, take this 37% and get the fuck out my face simple as that.
DOPE that's what it's all about.
I feel happy cause I've been able to help my people become millionaires. Got to build black wealth something I've always wanted to do.
I been in the slack but I'll start posting calls in here too when I see the gems going about.
sumokoin is a gem it's $5 right now it's my bad for not bringing it here cause I been slipping on the thread but as soon as the price settles you should buy some. its and XMR fork and check the price of XMR and then see the potential it has.
As for me I bought a huge bag at 34 cents so I don't really need to say much more after that lol
or you could move to puerto rico for six months...
just sayin there are a few options....
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