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as of now. I have no idea who would buy it at this price, I guess the people who think it's going to 100k.
Institutions are the buyers. PayPal needs a ton of it. Hedge funds are buyers. Those of us who dollar cost average are still doing so.Institutions are the buyers. PayPal needs a ton of it. Hedge funds are buyers. Those of us who dollar cost average are still doing so.
Noobie question.... If you have been buying dribs and drabs for years, when you sell, do you tell Coinbsse or whoever which bitcoins you are selling? Or is it all one big pot? Of course this is a tax question....
Noobie question.... If you have been buying dribs and drabs for years, when you sell, do you tell Coinbsse or whoever which bitcoins you are selling? Or is it all one big pot? Of course this is a tax question....
'Which part you are selling' does not matter. It is like a stock capital gain AFIK. You could go FIFO or weighed average. Again AFIK.
BTW: It is really not proper to use a plural. One Bitcoin, many Bitcoin.
BTW: It is really not proper to use a plural. One Bitcoin, many Bitcoin.
I learned something today!
Institutions are the buyers. PayPal needs a ton of it. Hedge funds are buyers. Those of us who dollar cost average are still doing so.
I forgot you can now buy it with PP. I'm not buy or selling right now. I did sell some over the last few months. I just have a feeling it's going to take a big hit soon. I have nothing to back that up, it's just a gut feeling.I forgot you can now buy it with PP. I'm not buy or selling right now. I did sell some over the last few months. I just have a feeling it's going to take a big hit soon. I have nothing to back that up, it's just a gut feeling.
And I appreciate all the cheap ass btc you sold me lol!
And I appreciate all the cheap ass btc you sold me lol!
You will need it for your criminal defence when they finally figure out why you really love traveling around the world.And I appreciate all the cheap ass btc you sold me lol!
You will need it for your criminal defence when they finally figure out why you really love traveling around the world.Administrator
Noobie question.... If you have been buying dribs and drabs for years, when you sell, do you tell Coinbsse or whoever which bitcoins you are selling? Or is it all one big pot? Of course this is a tax question....
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Hi Soopoo. With coinbase your coins are mixed in with their's and CB just maintain an account balance for you. You neither own nor control the coins at all. So No. You cannot direct them to sell chosen BTC.Here in the UK, our tax authority HMRC, treat BTC like a stock or share and EVERY purchase with BTC or conversion to fiat, is deemed a disposal at the going rate. Because we have to report purchases and disposals on our CGT ( Capital gains tax) returns beyond a certain low level, it means a massive amount of record keeping. Failing to do that causes problems when disposing of big quantities.
NOTE: Coinbase is reporting transactions to IRS and HMRC. Personally I would not use CB for anything more than a few hundred dollars a year in transactions. I keep my BTC keys on a trezor hardware wallet.
You will need it for your criminal defence when they finally figure out why you really love traveling around the world.
🙄
OD I’m the same, I don’t use anything but my trezor.
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