I’m excited to see how huge crypto will be from 5 years from now...Coin base was on the #1 trending apple store app this weekend, word was certainly getting out at thanksgiving dinners last weekYeah, Katy Perry tweeted about cryptocurrencies the other day. It's just weird to see...
Look at this picture of trending apps I found on redditI’m excited to see how huge crypto will be from 5 years from now...Coin base was on the #1 trending apple store app this weekend, word was certainly getting out at thanksgiving dinners last week
This is nothing new. You’re suppose to claim all your gains to the irs. People just weren’t.And now the IRS wants their cut in the US.
https://gizmodo.com/the-irs-has-come-knocking-at-bitcoins-door-1820877550
According to Bloomberg:
U.S. Magistrate Judge Jacqueline Scott Corley in San Francisco ruled that the tax agency’s demand for information isn’t overly intrusive. The price of bitcoin has been soaring and crossed $10,000 Tuesday.
With just 800 to 900 taxpayers reporting bitcoin gains from 2013 through 2015 in a period when more than 14,000 Coinbase users have either bought, sold, sent or received at least $20,000 worth of bitcoin, “many Coinbase users may not be reporting their bitcoin gains,” she wrote. “The IRS has a legitimate interest in investigating these taxpayers.”
And now the IRS wants their cut in the US.
https://gizmodo.com/the-irs-has-come-knocking-at-bitcoins-door-1820877550
According to Bloomberg:
U.S. Magistrate Judge Jacqueline Scott Corley in San Francisco ruled that the tax agency’s demand for information isn’t overly intrusive. The price of bitcoin has been soaring and crossed $10,000 Tuesday.
With just 800 to 900 taxpayers reporting bitcoin gains from 2013 through 2015 in a period when more than 14,000 Coinbase users have either bought, sold, sent or received at least $20,000 worth of bitcoin, “many Coinbase users may not be reporting their bitcoin gains,” she wrote. “The IRS has a legitimate interest in investigating these taxpayers.”
They just seem to be more proactive about collecting now and actually went to court trying to get the information. I am still not sure what the rules are here in Canada.This is nothing new. You’re suppose to claim all your gains to the irs. People just weren’t.
Some people arent very smart , if all of a sudden they have $20,000 extra in their bank accounts the IRS will come knocking and have some nice hefty fines for them.
They just seem to be more proactive about collecting now and actually went to court trying to get the information. I am still not sure what the rules are here in Canada.
They just seem to be more proactive about collecting now and actually went to court trying to get the information. I am still not sure what the rules are here in Canada.
A noob here, obviously I've heard about Bitcoins long ago but never really paid too much attention. Am I late to the party? Or is it still good to jump in? Also can someone pls explain it to me in layman's terms and how to get started? Thanks.
A noob here, obviously I've heard about Bitcoins long ago but never really paid too much attention. Am I late to the party? Or is it still good to jump in? Also can someone pls explain it to me in layman's terms and how to get started? Thanks.
Looks like it's doing the alts some favors. VTC hit $6.41 overnight. WTC and OMG also spiked a bit but are now back downish. Ready for those to make more noise and not delays.
I missed that VTC went up to $6.41 last weekend. Today it's up to $7.41, which has to be an ATH, no?
Too late i think it hard to buy and you would need a bunch to get started
I read that less than 5% of the world actually uses crytocurrencies. I can't imagine that it's too late, though you're absolutely right about the up front money, I just looked at the value of Bitcoin and it's way too high.
I read that less than 5% of the world actually uses crytocurrencies. I can't imagine that it's too late, though you're absolutely right about the up front money, I just looked at the value of Bitcoin and it's way too high.
Looks good, the AMD miner is finally getting released and it's going to be before the halving (12th). Vertcoin was less than 1.50 usd when I ordered my Ledger nano s specifically for it, when it arrived it was at 4.00. PissedHeh, I remember being pissed that I bought into VTC at 60 cents rather than the 40 cents it was at when I first heard about it. The growth it's gone through over the last couple months is ****ing incredible. Curious to see what sort of effect the block reward halving has on the price.
As for Walton, I was going to buy in when it was down at around $4.50 the other day, but didn't want to move money over to Binance just for that. What a mistake that was.
Heh, I remember being pissed that I bought into VTC at 60 cents rather than the 40 cents it was at when I first heard about it. The growth it's gone through over the last couple months is ****ing incredible. Curious to see what sort of effect the block reward halving has on the price.
Looks good, the AMD miner is finally getting released and it's going to be before the halving (12th). Vertcoin was less than 1.50 usd when I ordered my Ledger nano s specifically for it, when it arrived it was at 4.00. Pissed