Decided to go all in on BTC with 850K cash. Should I go decentralized/centralized or wallet exchanges? Ethereum is cheap now compared to BTC, time to go all in and hoddle, make 5x and out (won’t hope for 600% and lose all) #personalfinance #investments
I started trading crypto in 2017 using multiple exchanges and put everything in a ledger wallet since. I’ve been wanting to cash out for a while but the problem is I’ve traded and swapped them so many times with shitcoins, BTC and Etherium it’s impossible for me to show the cost basis of each trade ...Read more
There has been rumors on Apple buying Bitcoin or RBC encouraging them to do so. Apple had a lot of cash ~ $190B as of end of last year. Fun fact: Warren Buffet who called Bitcoin “rat poison squared” previously is owning about 900million apple stocks, about 5.8% of Apple total outstanding shares. ...Read more
I noticed that the price difference in Bitcoin on gdax vs some of indian exchange is more than 20%. What's stopping us to buy in USD, transfer to an Indian exchange and cashing out. repeat infinity. I am sure no one here would be well equipped to answer FEMA and money laundering guidelines but hey...Read more
In 2018, I made some transactions with Coinbase to buy BTC with cash and then sent those BTCs to a few Crypto exchange wallets to trade for various altcoins to hold. In 2020, I traded a few of those altcoins to Eth, then back to my Coinbase wallet to sell for cash. I did not report any crypto tran...Read more
As of today, in theory, they should have $818 million dollars in cash reserve. If not the bitcoin collapse is going to be spectacular! Edit: article with context: https://www.bloomberg.com/news/articles/2017-12-05/mystery-shrouds-tether-and-its-links-to-biggest-bitcoin-exchange
How can people expect to transact BTC day to day? To me, this is why BTC will never be a viable "currency". People are telling me to sell it on an exchange, but being a hardcore libertarian I refuse to use exchanges, let alone put my PI and banking info on there. Semi relevant: If you live in the b...Read more
Hey guys. Bitcoin futures are supposed to come out soon. We just saw the market go nuts with BTC inching real close to $20k. (And blowing past it on Korean exchanges) *These are just my personal opinions and are not investment advice. I’ve moved a 3rd of my portfolio into FIAT. ICO markets are f...Read more
Hi all, I've recently moved back home and found an old bitcoin wallet now worth a couple thousand. Would like to sell it but I refuse to put my banking info and PII on a 3rd party exchange. I've looked into BISQ but the amount of people selling in person for cash are pretty low, and I don't trust Pa...Read more
Today I learned that exchanging btc for goods and services must be taxed as a realization event: Reddit - Bitcoin - I am a tax attorney, here are my answers to the most common questions about the taxation of bitcoins https://www.reddit.com/r/Bitcoin/comments/1uccfz/i_am_a_tax_attorney_here_are_my_an...Read more
From the article: "The bitcoin price is whatever the large players need it to be. The market is very thin and trivially manipulable with the billions of pseudo-dollars in unbacked stablecoins on the unregulated offshore exchanges. The price needs to be high enough so the big boys' loans don't get l...Read more
Really wanting to apply to Block and work on TBD exchange or their Bitcoin wallet. Outside of crypto arbitrage bots and consumer level use of defi protocols I don’t have a ton of direct knowledge. What experience, projects, readings should I embark on before applying so I don’t bomb out of the inte...Read more
This is for all the new investors and speculators to Bitcoin and other cryptos. You’re probably looking around saying “how the F do I get involved? This is so confusing!” I’m no genius, but I’ve been in this world since 2013 and wanted to share some resources and frameworks for thinking about inve...Read more
What happens if binance disappears? I want to make a large investment in BSC products. Assume I keep no coins on binance. All my coins would live in my wallet or somewhere like pancake. But it's all bep2/bep20. To cash out I would have to send to binance then either convert to fiat or something like...Read more
Hi all. Gave up on being able to buy a 🏠 in this market so want to put some of the cash I have been holding into crypto. Looking to invest around 50-75k. I did some reading and a I'm a bit overwhelmed by all the apps and platforms so wondering what people are using for wallets, exchanges etc. Celsi...Read more
Thanks to @Jack Niewold $4 billion in missing $BTC • Female rapper RAZZLEKHAN • Forbes magazine • the US Department of Justice Have in common? A thread on the 2016 Bitfinex hack, its resolution, and the implications. The strangest crypto story of the year (so far, at least): This story starts ...Read more
Selling crypto. Instant transfer. If you are fine with Coinbase then you don't need contact me. 2500usd min purchase. Cash settled. Seattle area only(will meet at bank). 7% fee. Why fee? Because: 1.Will accommodate large volume buys, coinbase has limits. (Lower fee for large volume) 2.Instant tran...Read more
There are many top-tier fintech companies in the US, but here are some of the most well-known and successful ones: 1. Stripe - A payment processing platform for online businesses that handles billions of dollars in transactions annually. 2. Robinhood - A commission-free investing app that has beco...Read more
Then there's the option to purchase shares of companies developing or making use of blockchain technology, such as Walmart or Starbucks. Incorporating a digital ledger system can make a company leaner and more profitable, and higher profits equal higher share prices over the long term. But there ar...Read more