If I were in y'alls position that is generally what I would do also. Not involving FRN in any form at least complicates things for the Feds, jurisdictionally, in case they get froggy on you.
Bitcoin Cracks $5000
- Thread starter anaconda
- Start date
If I were in y'alls position that is generally what I would do also. Not involving FRN in any form at least complicates things for the Feds, jurisdictionally, in case they get froggy on you.
RonPaulIsGreat
Member
- Joined
- Nov 10, 2007
- Messages
- 1,462
I actually pay my capital gains tax on bitcoin, I'm not hiding. One could if so inclined, jump some hoops and remain anon. But I just don't want to deal with it. 15% capital gains, hurt writing tax checks worth more than I spend on myself for a full year. But I can prove to any goobermint agent paid my slave tax to support welfare mommas and military men.
Mordan
Member
- Joined
- Jan 21, 2008
- Messages
- 2,340
welcome to anyone on the BTC train. CME news is huge!! It is like an official stamp of trustworthyness by the very players Bitcoin are disrupting.
The best strategy is to never sell and buy dips. Buy Buy more and spend your bitcoins directly. I am hodling my 2013 bitcoins and spending my BCH for small purchases.
I KNOW BTC will be 50k in a few years. Read my history on this forum in 2013. I asked everyone to buy Bitcoin.
Come back on this post in 3 years.
The best strategy is to never sell and buy dips. Buy Buy more and spend your bitcoins directly. I am hodling my 2013 bitcoins and spending my BCH for small purchases.
I KNOW BTC will be 50k in a few years. Read my history on this forum in 2013. I asked everyone to buy Bitcoin.
Come back on this post in 3 years.
Mordan
Member
- Joined
- Jan 21, 2008
- Messages
- 2,340
I am 95% in Bitcoin. Some BTS (Bitshares), 4% Monero. Simply because it is the best private coin but privacy has a big cost.
I don't believe in other alts. Try synching ethereum blockchain before buying... Sync the bitcoin blockchain and you will understand.
By holding Bitcoin you hold all the free coins you get from forks.. Avoid coinbase. You don't control the private keys.
At some point, if your goal truly is to hold forever, you have to stop denoting bitcoins in a dollar value and let the bitcoin number stand on its own as a measure of currency/wealth. If a bitcoin truly has a market value of $50k then the dollar is complete trash, same as if an ounce of gold is openly $50k. It then wouldn't be a measure against dollars, it would be a measure of bitcoins.
Last edited:
anaconda
Member
- Joined
- Nov 25, 2007
- Messages
- 19,403
In a USD currency crisis things won't be measurable in USD. People may compare to gold, silver, Exxon stock, or some generally accepted basket of goods. USD won't be accepted as a medium of exchange. The currency crisis is not here yet, so BTC is not gaining because the dollar is trash. This may come later (will come, according to Peter Schiff and Ron Paul). BTC is (obviously) currently gaining at a much greater rate than the inflation of the USD.
Last edited:
dannno
Member
- Joined
- Dec 19, 2007
- Messages
- 65,717
Wow
Mordan
Member
- Joined
- Jan 21, 2008
- Messages
- 2,340
it is an on going process. it does not happen overnight.
I value alt coins in Bitcoin as I feel it is a better measurement to gauge if an altcoin is performing relative to the crypto reserve currency.
XRPs are around 2700 satoshis. XMR (Monero) is around 12 mBTC. I bought some Monero at 31 mBTC, 20 mBTC and 16 mBTC. so my monero investement is not performing.
Doge is 17 satoshis.
You can't use BTC for real life objects just yet. Give it time. Price discovery is still on going.
Mordan
Member
- Joined
- Jan 21, 2008
- Messages
- 2,340
sorry folks but I sold all my gold or silver... I am all in crypto currencies. I wouldn't want to touch physical stuff. When i look in the rear mirror.. iam like wtf.. a metal bar you can't divide into millions of tiny pieces.. just not convenient unless armageddon.. but i bet that we won't have armageddon.
I don't know a single millenial who wants to buy gold. And i know a gold bug who went all in Crypto as well.. so my bet is going to pay off.
Last edited:
I don't see Doge doing anything but going down or hovering at a few satoshi. It has 111 billion coins and no real roadmap to give value. Although it did jump to 100 Satoshi this summer so it could climb like that for a near 10x growth again I wouldn't expect it to.
Similar threads
