How far will bitcoin and other cryptos fall?
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I bought some crypto at what appears to be killer prices last night, but it is still going down slightly. Maybe 3% down since last night.
I made some money on the December pump and dump, and didnt lose my shirt by holding like a lot of people did. I am hoping that we find bottom soon.
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I am a HODLER myself, so I just view this as a after Christmas half off sale. Good luck out there man.
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@s-hackleman said in How far will bitcoin and other cryptos fall?:
I am a HODLER myself, so I just view this as a after Christmas half off sale. Good luck out there man.
Buy anything today or yesterday? I found a really cool new project that I am really excited about.
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@irj said in How far will bitcoin and other cryptos fall?:
@s-hackleman said in How far will bitcoin and other cryptos fall?:
I am a HODLER myself, so I just view this as a after Christmas half off sale. Good luck out there man.
Buy anything today or yesterday? I found a really cool new project that I am really excited about.
I have an automated buy that buys some every payday. It is my goof off slush fun money. I then let it build up, or crash, or spend a bit on fun stuff for myself. I would never invest more in than what I am ok with loosing.
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@s-hackleman said in How far will bitcoin and other cryptos fall?:
@irj said in How far will bitcoin and other cryptos fall?:
@s-hackleman said in How far will bitcoin and other cryptos fall?:
I am a HODLER myself, so I just view this as a after Christmas half off sale. Good luck out there man.
Buy anything today or yesterday? I found a really cool new project that I am really excited about.
I have an automated buy that buys some every payday. It is my goof off slush fun money. I then let it build up, or crash, or spend a bit on fun stuff for myself. I would never invest more in than what I am ok with loosing.
I use play money as well, but when you get 10x return on a $100 it is a great feeling
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...still falling....
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@irj said in How far will bitcoin and other cryptos fall?:
...still falling....
Panic has triggered at this point.
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@scottalanmiller said in How far will bitcoin and other cryptos fall?:
@irj said in How far will bitcoin and other cryptos fall?:
...still falling....
Panic has triggered at this point.
(https://i.imgur.com/QnRLLZh.png) http://izquotes.com/quotes-pictures/quote-the-way-to-make-money-is-to-buy-when-blood-is-running-in-the-streets-john-d-rockefeller-156337.jpg
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Great time to buy, or if you are a miner...just keep on mining.
As long as you view it as slush money and don't invest what you can't afford to lose like @s-hackleman already said.
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So I was about to do some tax planning on this. If BTC is still treated as property and capital gains tax applies, could BTC not be sold and then invested in actual property without paying taxes on gains?
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@bigbear said in How far will bitcoin and other cryptos fall?:
So I was about to do some tax planning on this. If BTC is still treated as property and capital gains tax applies, could BTC not be sold and then invested in actual property without paying taxes on gains?
Depends. If you have a single account or way to keep that in a single portfolio, yes, in theory. But the new proposed tax laws suggest that you have to pay gains for each transaction specifically with some currencies which would negate that idea.
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@bigbear said in How far will bitcoin and other cryptos fall?:
So I was about to do some tax planning on this. If BTC is still treated as property and capital gains tax applies, could BTC not be sold and then invested in actual property without paying taxes on gains?
I actually know someone that sells cryptocurrency out of country. He says you dont have to report to US government at all, if you buy out of country using crypto.
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I'm sure it will be better regulated in the future, however.
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@irj said in How far will bitcoin and other cryptos fall?:
@bigbear said in How far will bitcoin and other cryptos fall?:
So I was about to do some tax planning on this. If BTC is still treated as property and capital gains tax applies, could BTC not be sold and then invested in actual property without paying taxes on gains?
I actually know someone that sells cryptocurrency out of country. He says you dont have to report to US government at all, if you buy out of country using crypto.
The purchase isn't the issue. It's the purchase of physical goods that is attempting to skirt tax law.
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@irj said in How far will bitcoin and other cryptos fall?:
@bigbear said in How far will bitcoin and other cryptos fall?:
So I was about to do some tax planning on this. If BTC is still treated as property and capital gains tax applies, could BTC not be sold and then invested in actual property without paying taxes on gains?
I actually know someone that sells cryptocurrency out of country. He says you dont have to report to US government at all, if you buy out of country using crypto.
That's always the case with investing
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@dustinb3403 said in How far will bitcoin and other cryptos fall?:
@irj said in How far will bitcoin and other cryptos fall?:
@bigbear said in How far will bitcoin and other cryptos fall?:
So I was about to do some tax planning on this. If BTC is still treated as property and capital gains tax applies, could BTC not be sold and then invested in actual property without paying taxes on gains?
I actually know someone that sells cryptocurrency out of country. He says you dont have to report to US government at all, if you buy out of country using crypto.
The purchase isn't the issue. It's the purchase of physical goods that is attempting to skirt tax law.
uh of course.... That is the whole reason people are doing to evade taxes...
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@dustinb3403 said in How far will bitcoin and other cryptos fall?:
@irj said in How far will bitcoin and other cryptos fall?:
@bigbear said in How far will bitcoin and other cryptos fall?:
So I was about to do some tax planning on this. If BTC is still treated as property and capital gains tax applies, could BTC not be sold and then invested in actual property without paying taxes on gains?
I actually know someone that sells cryptocurrency out of country. He says you dont have to report to US government at all, if you buy out of country using crypto.
The purchase isn't the issue. It's the purchase of physical goods that is attempting to skirt tax law.
It's bringing the currency or goods back to the US.
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Will you invest in my cyber weed cryptomining company? I swear i will make a product one day, i just need your money.
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@momurda said in How far will bitcoin and other cryptos fall?:
Will you invest in my cyber weed cryptomining company? I swear i will make a product one day, i just need your money.
Cryptocurrency isn't a ponzi scheme. . .
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@momurda said in How far will bitcoin and other cryptos fall?:
Will you invest in my cyber weed cryptomining company? I swear i will make a product one day, i just need your money.
lol as long as I can put in $50 and get $500 out of it once it pumps, I am game. People who have been trading for awhile have definitely made money. Unless they went crazy and bought at really high prices, but almost everyone's coins nearly quadrupled for a month. Even scam coins.
