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In Bitcoin We Trust

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In Bitcoin We Trust

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  #61 (permalink)
Experience: Master
Platform: MT4/Ninja/TT/MultiCharts
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PrymeTyme View Post
BTC the only Buy and Hold option out there...

either zero or hero.....


still hodling...

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  #62 (permalink)
Legendary Market Chamois
Chicago, IL
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Thought I would post this from my news feed......

10:46 (US) SEC Chairman Powell: if you lose money with cryptocurrency, there is a substantial risk that our efforts will not result in a recovery of your investment - We commend the North American Securities Administrators Association (NASAA) on their release highlighting important issues and concerns related to cryptocurrencies, initial coin offerings (ICOs) and other cryptocurrency-related investment products. - The release recognizes that cryptocurrencies, while touted as replacements for traditional currencies, lack many important characteristics of traditional currencies, including sovereign backing and responsibility, and now are being promoted more as investment opportunities than efficient mediums for exchange. Link: Related ( POLITIX BTC/USD GBTC ) - Source


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  #63 (permalink)
Dallas, Texas
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PrymeTyme View Post

still hodling...

Let me tell you about a poker player I know. He plays low stakes 1/2 and 1/4. Drives a 1970 Chevy luv never made an actual investment in his life but Bought 10 bitcoin back in 2013 and still holding it lol.

Volatility is good for the market and trading.

Preservation of capital is the most important concept for those who want to stay in the trading game for the long haul. - Van Tharp
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  #64 (permalink)
Pflugerville, texas
Posts: 7 since Jun 2013
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if you swing it, how do you keep records and report taxes on bitcoin? or do you? I am in some coins...LTC, TRX, ADA and EOS and OMG.... but scared to swing trade them and get bogged down in records of in and out and how it effects taxes....

any help?

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  #65 (permalink)
Tampa FL
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Broker: Future Path/TDA
Trading: Futures/Cryptos
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bottakemoney View Post
if you swing it, how do you keep records and report taxes on bitcoin? or do you? I am in some coins...LTC, TRX, ADA and EOS and OMG.... but scared to swing trade them and get bogged down in records of in and out and how it effects taxes....

any help?

There are several sites out there ( comes to mind) that can assist you in the year end tax process.

As a suggestion, if you've had any appreciable gains, claim them and pay the taxes. I have every year and it sucks to pay capital gains, but trust me the last thing you want to F--- with the IRS / .Gov on this.

You miss 100% of the shots you don't take. - Wayne Gretsky
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