Gold silver

Supposedly the NSA is closely watching bitcon users.
So if anyone is using bitcon to "stay off the radar" well that was stupid, because at the moment that seems like the number 1 thing you can do to get your self on the radar.

 

Of course it's manipulated. Just like anything else that people want or need or can make a buck off of arbitrage.
Gas, pharmaceuticals, gold, silver, bitcoin, currency exchange rates, health insurance, … etc.

 

Nope, Bitcoin is not Fiat currency. I bought mine at about $200 several years ago. Now it is something like $6400. Think about that as you learn more about this new method which is known as "the greatest investment in history".

It is OK if you reject it - just as engines were rejected by many when the use of horses were dominate and the printing press was rejected when scribes where widely in use, we can very well discover just where Bitcoin is taking the world.

 

Again, Nope. Bitcoin could very well go to 50k, 100k, even 1-million. Just because you do not understand it does not mean it is lacking anything.

Do you really know what gravity is and what causes it? Nobody does. How about electricity? Not even electricians.

Something for sure is governments, bankers, accountants and others are or will be soon up against Bitcoin but that will not stop it.

Now go ahead and be against Bitcoin like horsemen were against cars and scribes were against the printing press. This does not matter - history always strides against the common thoughts and changes all.

I recommend you all look into Bitcoin and discover something of what it is all about. Millions of people in the world already have and you will find that few have turned against it. Why is that so? Find out.

 

Crypto, gold, stocks it's not an investment until it pays off, until then it's a liability.

I bought rhodium, when the price quadrupleed I sold it, same thing with palladium.

Bitcon is more likely to go to 0 than it is to go to 100,000.
Plus what you should be doing is buying low, selling high, then buying low again.
You could have sold around 20,000 and bought back in around 5,000.
Buying and holding on to it to forever to see what happens is not really an investment.
If you can make money in botcoin, then I say go for it.

 

I am for just about anything governments are against or don't want the common man to have access too.

I love crypto but that said .. and said by someone else above .. more likely to go to zero than 100k. But even more likely to be labelled an instrument of criminals and outlawed thus creating new criminals to throw behind bars for the prison industrial complex. Gotta keep the tax payers money flowing.

 

Too late for "being used just by criminals". Bought a brand new house and nearly 40 acres using my bitcoin. No problem.

Just because you yourself do not know how to use Bitcoin makes no difference to the world. Keep using your horse to get around and hire your scribe to do your writing. Millions of people throughout the world see a new beginning much like the Internet changed everything in the late 1990's even as many people said it would amount to nothing.

I recommend you buy 1 bitcoin or 1/10 or 1/100th of a bitcoin and just hold it. You may be very surprised at what happens.

Enough said, I stick to my true world experience.

 

Or you could read my primer on Bitcoin on this forum and then add your vast knowledge to any one of my threads.

 

Just holding my tongue!

 

Sounds like Baiting is going on. Not up to the code.

 

Nah, my primer is over 4 years old. If some has bought a new house and big parcel with bitcoin, I want to know how he concluded the transaction, all BTC or BTC to commodity or BTC to fiat. Inquiring minds want to know!

I sure as heck haven't figured it out yet.

 

What I did is purchase Bitcoin through CoinBase.com. I had CoinBase turn the necessary Bitcoin for my house and land into fiat cash, which I then transferred to my bank and used to make the purchase.

I have an accountant for my business and she also handles my Bitcoin.

You can also make purchases just sending Bitcoin to someone who accepts it. No fiat from any country needed. This is a beautiful change from the current state of things.

Simple as pie. You can do it too. Be as negative as you want, that does not matter. I use Bitcoin and continue to do so just as millions of other people.

 

How did you report the capital gains? I had a hell of a time calculating my cost basis. Did coinbase do the maths?