i need me some more XRP.
on another note, how is everyone purchasing Wagerr? The wavesDEX platform asks you to specify a country (the US is not one of the choices). even if i go the VPN route, how do i get around this?
Official BGOL Crypto Currency Thread ★★★★★
- Thread starter Matt Beesy
- Start date
i need me some more XRP.
on another note, how is everyone purchasing Wagerr? The wavesDEX platform asks you to specify a country (the US is not one of the choices). even if i go the VPN route, how do i get around this?
TRX and XRP exploding right now...price correction coming at some point but each time you get a spike, that just meanss the floor is getting higher and higher.
Hella easy. nothing like Coinbase.
Right behind you playa... I'm making that move myself
TRX is not on Bittrex. Where you getting it from?
Binance
Thanks bro.
Cardano and $tellar got my wallet jumpin
Wait what.. really? I moved my WGR from the site to waves DEx and didn't have to do to thru that.
Snovio (SNOV)
$0.138970 USD (237.83%)
$0.138970 USD (237.83%)
Binance is down.
Hell yeah. None of this
"show me the money" humanoid dumb shit. Cats taking action and will soon know the IRS is the only one you should be worried about showing money too. 
Folks talking about giving up their citizenship over this shit and some cats still stuck on stupid. I'll never yell at the screen during a horror movie again. Nothing they can do that will come on par with the stupidity of questioning this game at this stage.
Congrats to the cats getting in and eating.
Speaking of eating, I want more Bread while it's cheap.
I haven't fucked with them, but I know Spiderman posted that Waves doing something with fiat. They wanted KYC. I don't know what's going on with them because I don't fuck with waves. But a DEX wanting KYC for anything or asking about countries?
That ain't a true DEX.
that explains it. im trying to get on there so i can cop some TRX. unable to upload both sides of my DL for verification. I registered just fine. but the option to deposit is not there. Unless you're saying it JUST NOW went down.
edit: yes it just froze on me
binance has scheduled maintenance and bittrex is rebooting wallet servers due to Azure emergency patchthat explains it. im trying to get on there so i can cop some TRX. unable to upload both sides of my DL for verification. I registered just fine. but the option to deposit is not there. Unless you're saying it JUST NOW went down.
edit: yes it just froze on me
OK, so I finally made it through the 540 pages.
1. Thanks to whoever started the Ripple Movement. I did buy in last Janauary and just let it sit. I remembered when someone said buy bitcoin years ago and I didnt. So i wasnt going to miss this train.
2. What made this group great was the sharing. No crabs in a barrel, no taking your ball and going home. I do not understand why some have left the group to form their own group. We can all come up together. I can understand maybe wanting to vet people but to just say no or not even send a couple questions as to why someone wants to join the group or how a person can bring value to the group is against what this thread is about. People helping people.
3. Stay focused on point #2. Keep sharing. I agree with a post on page 543. I wish we could sticky some of the great threads. I created a Google Docs for myself of the apps, websites, etc mentioned. It just felt amazing to download coin stats and put in my ripple to see what it actually is worth.
4. Since people left to form their own group, what steps can you suggest to do your own research. I am not asking what to buy. I am asking how you guys do your research. Like the guy who thru 1K at it, I invest (however, I trade futures not stocks). How we prepare is completely different than this but I disagree with him. There is a lot of hype (reminds me of the pump and dump days of penny stocks late 90s early 2000s) but there is a way to research and track what's going. Please share your best tips.
5. This thread has changed lives. Know that and appreciate that. I thank you all. With that said, what's the best exit strategy from Kraken. I've seen bitpay (which I just ordered). Is it just convert some shares to Bitcoin and send to Coinbase (just to have them report you to IRS). Exit strategies - Fellas. What's yours.
I knew Crypto was going to be huge when at almost every corporate Holiday Party I dj'd last month, some random person was talking about Litecoin and Etherium. Funny thing was no one was talking about Ripple. For the old heads, who know Ripple from Sanford and Son, That's some good @#$@# right there.
1. Thanks to whoever started the Ripple Movement. I did buy in last Janauary and just let it sit. I remembered when someone said buy bitcoin years ago and I didnt. So i wasnt going to miss this train.
2. What made this group great was the sharing. No crabs in a barrel, no taking your ball and going home. I do not understand why some have left the group to form their own group. We can all come up together. I can understand maybe wanting to vet people but to just say no or not even send a couple questions as to why someone wants to join the group or how a person can bring value to the group is against what this thread is about. People helping people.
3. Stay focused on point #2. Keep sharing. I agree with a post on page 543. I wish we could sticky some of the great threads. I created a Google Docs for myself of the apps, websites, etc mentioned. It just felt amazing to download coin stats and put in my ripple to see what it actually is worth.
4. Since people left to form their own group, what steps can you suggest to do your own research. I am not asking what to buy. I am asking how you guys do your research. Like the guy who thru 1K at it, I invest (however, I trade futures not stocks). How we prepare is completely different than this but I disagree with him. There is a lot of hype (reminds me of the pump and dump days of penny stocks late 90s early 2000s) but there is a way to research and track what's going. Please share your best tips.
5. This thread has changed lives. Know that and appreciate that. I thank you all. With that said, what's the best exit strategy from Kraken. I've seen bitpay (which I just ordered). Is it just convert some shares to Bitcoin and send to Coinbase (just to have them report you to IRS). Exit strategies - Fellas. What's yours.
I knew Crypto was going to be huge when at almost every corporate Holiday Party I dj'd last month, some random person was talking about Litecoin and Etherium. Funny thing was no one was talking about Ripple. For the old heads, who know Ripple from Sanford and Son, That's some good @#$@# right there.
how did you purchase it? I'm new and trying to figure this out.
Same here.that explains it. im trying to get on there so i can cop some TRX. unable to upload both sides of my DL for verification. I registered just fine. but the option to deposit is not there. Unless you're saying it JUST NOW went down.
edit: yes it just froze on me
groups are cool but you really dont need them... I thought I did a few weeks ago..
but there is too much info out there really, sheet in this thread alone if you read it carefully you will find all you need.
Like I stated earlier, research a coin find out what its purpose is..
look for its white paper and read up on it..
find out who their developers are, if they are dedicated... check out to see it they have a good community who believes in it..
and use your gut instinct to determine whether or not you think it will take off....
and be careful because some of those folks that broke off into groups will come in here pumpin a coin to their benefit...
so dont always listen to folks like its gospel truth..
the real key to this game is patience... if a person doesnt have it he shouldnt be playin..
lets get dat money mane!!!
I've been thinking on this a lot lately ...Hell yeah. None of this
Folks talking about giving up their citizenship over this shit and some cats still stuck on stupid. I'll never yell at the screen during a horror movie again. Nothing they can do that will come on par with the stupidity of questioning this game at this stage.
Congrats to the cats getting in and eating.
The best way to put it is:
Cryptocurrency has officially become sentient!
Its moved beyond a new currency, beyond a movement, this thing OFFICIALLY has a life of its own!
Last edited:
With all of the tax loopholes in real estate this may be a great way to cash out
https://www.seattletimes.com/busine...kwila-likely-a-first-for-seattle-area-market/
Bitcoin-like cryptocurrency used to buy home in Tukwila, likely a first for Seattle-area market
Originally published January 3, 2018 at 5:23 pm Updated January 3, 2018 at 7:34 pm
1 of 2
Cary Kuo stands in the living room of the Tukwila home he recently purchased. He used cryptocurrency for the down payment and to help secure a conventional mortgage. (Ellen M. Banner/The Seattle Times)
After a lot of red tape, a recent college graduate used cryptocurrency assets to buy a home, though everyone from the mortgage company to tax collectors need to be paid in regular U.S. dollars.
Share story
Mike Rosenberg
Seattle Times business reporter
In what is believed to be a first for Seattle-area real estate, a young investor has used bitcoin-like cryptocurrency to buy a house in Tukwila.
The three-bedroom rambler sold Friday for $415,000, and the buyer used a combination of bitcoin cash (a new type of bitcoin) and several other cryptocurrencies for the 10 percent down payment and to help secure a conventional mortgage for the remaining cost of the house.
Before the sale closed, the funds were converted to regular U.S. currency to pay the seller and meet requirements of the lender, and so closing costs like taxes could be calculated and paid.
The 23-year-old buyer, Cary Kuo, a design engineer in the aerospace industry who had been renting an apartment in Renton, beat out four other offers on the house.
Bitcoin and other cryptocurrencies are digital funds that fluctuate in value daily, and are produced in limited numbers using software, without involvement of a bank, government or central authority. They can be used directly to buy things electronically when the seller is willing to accept them as payment. In other cases, like with the Tukwila home sale, it can be cashed out like stock and converted to regular U.S. cash.
Kuo said his entire down payment came from profits he made since June while trading cryptocurrency, which the recent college graduate puts nearly all of his spare income into. He said he started out with a $4,500 investment.
It took Kuo a while to get final approval from his mortgage lender — providing a paper trail of his cryptocurrency assets proved difficult because the digital funds don’t come with anything akin to a regular bank statement. But the deal wound up going relatively smoothly in the end.
The real estate brokers on both sides of the sale and the mortgage loan officer had never dealt with a bitcoin or cryptocurrency transaction before and were initially skeptical and confused.
“(Kuo) said ‘cryptocurrency‘ and it was just, whoosh, right over my head,” said Nelya Calev of John L. Scott, who represented the buyer. “A lot of it was so foreign, I’d pop up awake at 2 in the morning and go, ‘Uh! What if this goes wrong?”
“There was a lot of panic,” she said. “But really it was not necessary.”
The main concern from the husband and wife selling the home, who didn’t know much about cryptocurrency either, was whether the money was actually real, said the seller’s broker, Allan Ponio of Marketplace Sotheby’s International Realty. Calev said Ponio initially “wasn’t crazy about the whole idea.”
“I would look at it and say, ‘Is this real money? Is that actually in his account?’ ” Ponio said.
But Ponio kept an open mind. He did extra due diligence with the buyer’s loan officer at Guild Mortgage, one of the few — if only — loan companies around willing to deal with cryptocurrency.
Guild Mortgage had called Fannie Mae to confirm it would accept bitcoin as an asset for purposes of securing a mortgage. It would, Fannie told the company, as long as there was a full paper trail documenting the buyer had paid for the cryptocurrency and then sold it back into U.S. dollars, and used that regular money for the down payment.
Oleg Tkach, a Guild Mortgage branch manager who handled the loan on the purchase, said once he had all the buyer’s extended paperwork proving the money was his — and real — he treated the cryptocurrency like any other investment.
“It was just like any typical transaction — people cash in their 401(k)s, or stocks” or other investments, Tkach said. “To me, it makes sense, as long as you can document the purchase of it.”
Ponio said the offer wound up looking like any other bid, with traditional U.S. cash going to all parties involved, just with a lot of extra paperwork.
“From my side, it was actually really seamless,” Ponio said. “It went just as it would with a conventional transaction.”
Bitcoin and real estate
There have been scattered reports of homes around the country selling for bitcoin in recent years, including in California, Florida and Texas — but those transactions were typically for the full cost of the house and didn’t involve a loan.
A few home sellers around the country have marketed their properties as being bitcoin-friendly, while a Miami homeowner just listed a condo with the stipulation that it can only be bought with bitcoin (listing price: 33 bitcoins, or about $544,000 at the time of the listing last month).
But there haven’t been any reported home sales with cryptocurrency in the Seattle area. Both Windermere and John L Scott, the top two brokerages locally, said they hadn’t heard of a bitcoin sale here before. The Northwest Multiple Listing Service, which catalogs sales locally, said the same.
In 2014, a professional poker player on Orcas Island made the local news when he asked for bitcoin for his house. But the home never sold (not because of the bitcoin request — it was too expensive in regular dollar terms, the former listing agent said Tuesday.)
It’s not possible to buy a house here entirely with bitcoin. Even if the seller was willing to accept cryptocurrency as payment, and there were no real estate brokerages or mortgage companies involved, government agencies that get taxes on home sales still need traditional cash.
In the Tukwila sale, state and local governments collected $7,392 in taxes, the same as if the house had sold through traditional means.
The bitcoin market has been highly volatile — with bitcoin’s value zooming from less than $7,000 at the start of November to as high as nearly $20,000 in mid-December, and back down to about $15,000 this week. But Kuo had already cashed out the cryptocurrency used for the down payment by the time he bid on the home, so the gyrations of the market didn’t affect his offer. (Kuo said he barely invests in bitcoin, instead mostly using other cryptocurrencies like Dash, Litecoin and Augur.)
From the seller’s perspective, they were getting a fixed amount of regular cash — ditto for the brokerages collecting their commissions. That, combined with Kuo’s real estate professionals going into overdrive to be helpful and communicative, helped him win the bidding war for the house, even though one other bid was actually slightly higher, Ponio said. But he said it helped Kuo’s cause that the other bidders weren’t seen as being as serious — it was tough to get ahold of their loan officers and brokers.
Of course, if Kuo continues to invest in cryptocurrency and the market tanks, it could affect his ability to pay off the mortgage if his income can’t make up the difference. But he has added security against that: He’s renting out two of the three bedrooms in the 1,650-square-foot house — he says his monthly payment, after subtracting his rental income, will be a little less than what he’s paying for his room in an apartment now.
Tkach at Guild Mortgage said Kuo’s future cryptocurrency investment choices didn’t factor into his decision to grant a mortgage, since he met the regular income and debt-to-income requirements. How homeowners invest is up to them, he said.
The monthly mortgage and property taxes still need to be paid with regular money.
Kuo has a bold plan for the long term. The Texas transplant plans to keep investing in cryptocurrency and cash out once a year, hoping to buy a new house each year with the profits.
“I put in a lot of money but I’m well aware of the risks, and I’d be fine with losing the majority of it, due to my age and I’m still single,” Kuo said. “If I were to lose a year’s worth of profits, I’d be OK. It’s just one of the natures of the game.”
Although cryptocurrency is only being used by a tiny share of the population, the agents involved said they expect the trend to creep into real estate more.
“Unless something changes with cryptocurrency, I believe it’s going to become more common,” Tkach said.
Mike Rosenberg: mrosenberg@seattletimes.com or 206-464-2266; on Twitter @ByRosenberg.
https://www.seattletimes.com/busine...kwila-likely-a-first-for-seattle-area-market/
Bitcoin-like cryptocurrency used to buy home in Tukwila, likely a first for Seattle-area market
Originally published January 3, 2018 at 5:23 pm Updated January 3, 2018 at 7:34 pm
1 of 2
Cary Kuo stands in the living room of the Tukwila home he recently purchased. He used cryptocurrency for the down payment and to help secure a conventional mortgage. (Ellen M. Banner/The Seattle Times)
After a lot of red tape, a recent college graduate used cryptocurrency assets to buy a home, though everyone from the mortgage company to tax collectors need to be paid in regular U.S. dollars.
Share story
Mike Rosenberg
Seattle Times business reporter
In what is believed to be a first for Seattle-area real estate, a young investor has used bitcoin-like cryptocurrency to buy a house in Tukwila.
The three-bedroom rambler sold Friday for $415,000, and the buyer used a combination of bitcoin cash (a new type of bitcoin) and several other cryptocurrencies for the 10 percent down payment and to help secure a conventional mortgage for the remaining cost of the house.
Before the sale closed, the funds were converted to regular U.S. currency to pay the seller and meet requirements of the lender, and so closing costs like taxes could be calculated and paid.
The 23-year-old buyer, Cary Kuo, a design engineer in the aerospace industry who had been renting an apartment in Renton, beat out four other offers on the house.
Bitcoin and other cryptocurrencies are digital funds that fluctuate in value daily, and are produced in limited numbers using software, without involvement of a bank, government or central authority. They can be used directly to buy things electronically when the seller is willing to accept them as payment. In other cases, like with the Tukwila home sale, it can be cashed out like stock and converted to regular U.S. cash.
Kuo said his entire down payment came from profits he made since June while trading cryptocurrency, which the recent college graduate puts nearly all of his spare income into. He said he started out with a $4,500 investment.
It took Kuo a while to get final approval from his mortgage lender — providing a paper trail of his cryptocurrency assets proved difficult because the digital funds don’t come with anything akin to a regular bank statement. But the deal wound up going relatively smoothly in the end.
The real estate brokers on both sides of the sale and the mortgage loan officer had never dealt with a bitcoin or cryptocurrency transaction before and were initially skeptical and confused.
“(Kuo) said ‘cryptocurrency‘ and it was just, whoosh, right over my head,” said Nelya Calev of John L. Scott, who represented the buyer. “A lot of it was so foreign, I’d pop up awake at 2 in the morning and go, ‘Uh! What if this goes wrong?”
“There was a lot of panic,” she said. “But really it was not necessary.”
The main concern from the husband and wife selling the home, who didn’t know much about cryptocurrency either, was whether the money was actually real, said the seller’s broker, Allan Ponio of Marketplace Sotheby’s International Realty. Calev said Ponio initially “wasn’t crazy about the whole idea.”
“I would look at it and say, ‘Is this real money? Is that actually in his account?’ ” Ponio said.
But Ponio kept an open mind. He did extra due diligence with the buyer’s loan officer at Guild Mortgage, one of the few — if only — loan companies around willing to deal with cryptocurrency.
Guild Mortgage had called Fannie Mae to confirm it would accept bitcoin as an asset for purposes of securing a mortgage. It would, Fannie told the company, as long as there was a full paper trail documenting the buyer had paid for the cryptocurrency and then sold it back into U.S. dollars, and used that regular money for the down payment.
Oleg Tkach, a Guild Mortgage branch manager who handled the loan on the purchase, said once he had all the buyer’s extended paperwork proving the money was his — and real — he treated the cryptocurrency like any other investment.
“It was just like any typical transaction — people cash in their 401(k)s, or stocks” or other investments, Tkach said. “To me, it makes sense, as long as you can document the purchase of it.”
Ponio said the offer wound up looking like any other bid, with traditional U.S. cash going to all parties involved, just with a lot of extra paperwork.
“From my side, it was actually really seamless,” Ponio said. “It went just as it would with a conventional transaction.”
Bitcoin and real estate
There have been scattered reports of homes around the country selling for bitcoin in recent years, including in California, Florida and Texas — but those transactions were typically for the full cost of the house and didn’t involve a loan.
A few home sellers around the country have marketed their properties as being bitcoin-friendly, while a Miami homeowner just listed a condo with the stipulation that it can only be bought with bitcoin (listing price: 33 bitcoins, or about $544,000 at the time of the listing last month).
But there haven’t been any reported home sales with cryptocurrency in the Seattle area. Both Windermere and John L Scott, the top two brokerages locally, said they hadn’t heard of a bitcoin sale here before. The Northwest Multiple Listing Service, which catalogs sales locally, said the same.
In 2014, a professional poker player on Orcas Island made the local news when he asked for bitcoin for his house. But the home never sold (not because of the bitcoin request — it was too expensive in regular dollar terms, the former listing agent said Tuesday.)
It’s not possible to buy a house here entirely with bitcoin. Even if the seller was willing to accept cryptocurrency as payment, and there were no real estate brokerages or mortgage companies involved, government agencies that get taxes on home sales still need traditional cash.
In the Tukwila sale, state and local governments collected $7,392 in taxes, the same as if the house had sold through traditional means.
The bitcoin market has been highly volatile — with bitcoin’s value zooming from less than $7,000 at the start of November to as high as nearly $20,000 in mid-December, and back down to about $15,000 this week. But Kuo had already cashed out the cryptocurrency used for the down payment by the time he bid on the home, so the gyrations of the market didn’t affect his offer. (Kuo said he barely invests in bitcoin, instead mostly using other cryptocurrencies like Dash, Litecoin and Augur.)
From the seller’s perspective, they were getting a fixed amount of regular cash — ditto for the brokerages collecting their commissions. That, combined with Kuo’s real estate professionals going into overdrive to be helpful and communicative, helped him win the bidding war for the house, even though one other bid was actually slightly higher, Ponio said. But he said it helped Kuo’s cause that the other bidders weren’t seen as being as serious — it was tough to get ahold of their loan officers and brokers.
Of course, if Kuo continues to invest in cryptocurrency and the market tanks, it could affect his ability to pay off the mortgage if his income can’t make up the difference. But he has added security against that: He’s renting out two of the three bedrooms in the 1,650-square-foot house — he says his monthly payment, after subtracting his rental income, will be a little less than what he’s paying for his room in an apartment now.
Tkach at Guild Mortgage said Kuo’s future cryptocurrency investment choices didn’t factor into his decision to grant a mortgage, since he met the regular income and debt-to-income requirements. How homeowners invest is up to them, he said.
The monthly mortgage and property taxes still need to be paid with regular money.
Kuo has a bold plan for the long term. The Texas transplant plans to keep investing in cryptocurrency and cash out once a year, hoping to buy a new house each year with the profits.
“I put in a lot of money but I’m well aware of the risks, and I’d be fine with losing the majority of it, due to my age and I’m still single,” Kuo said. “If I were to lose a year’s worth of profits, I’d be OK. It’s just one of the natures of the game.”
Although cryptocurrency is only being used by a tiny share of the population, the agents involved said they expect the trend to creep into real estate more.
“Unless something changes with cryptocurrency, I believe it’s going to become more common,” Tkach said.
Mike Rosenberg: mrosenberg@seattletimes.com or 206-464-2266; on Twitter @ByRosenberg.
http://bitcoin-realestate.com/
Worldwide - Buy & Sell Real Estate using Bitcoin, Ethereum or Litecoin. List your house, condo, lot, Resort, commercial property, business or equity project today.
Worldwide - Buy & Sell Real Estate using Bitcoin, Ethereum or Litecoin. List your house, condo, lot, Resort, commercial property, business or equity project today.
Man my bro, just texted me about his numbers for bytecoins....
He profit/losses%
Is green @ 10,280.82% it's just a profit of $20 but he's getting the hyped....we understand this ain't always the cases....but to be using play money this is kool....
We see how it can but most importantly will be life changing
Wagerr Lite app is what I use
Welcome New Crypto Millionaires!
Life is GOOD!
I'm looking at this for me now....decisions decisions
Life is GOOD!
I'm looking at this for me now....decisions decisions