Official Bitcoin Thread

[fapmasterjr]

I am why ? what happened I cant even sign on now

There are hackers that port sim cards over to burner phones to get peoples sms codes so they can sign onto coinbase, or any other sites that use that kind of weak authentication. You can read the jist of the hack here:



It is due to dumb MF'ers over at the cell phone companies who fall for Social Engineering hack.

 

[consios]

There are hackers that port sim cards over to burner phones to get peoples sms codes so they can sign onto coinbase, or any other sites that use that kind of weak authentication. You can read the jist of the hack here:



It is due to dumb MF'ers over at the cell phone companies who fall for Social Engineering hack.

ok thanks for the info I just changed it.

 

[Grine]

Math is math.

1x1=2

 

[consios]

hold up I just bought ethereum and it says it will arrive in 7 days. Im either going to be sick or happy when it gets to my account.

edit: warning to any other novices bank transfers take days to complete only debit anc credit are instant.

 

[ksteezy]

Mayne*

 

[keko jones]

hold up I just bought ethereum and it says it will arrive in 7 days. Im either going to be sick or happy when it gets to my account.

edit: warning to any other novices bank transfers take days to complete only debit anc credit are instant.

If you been reading I stated this several times.. probably not the same page you posted on.

7 days bank transfers.

 

[kickn-since89]

hold up I just bought ethereum and it says it will arrive in 7 days. Im either going to be sick or happy when it gets to my account.

edit: warning to any other novices bank transfers take days to complete only debit anc credit are instant.

all good! dont feel sick. Through trial and error we learn from our mistakes dont look back just keep it pushing.

 

[cs02132]

When you first add the coin you can choose which pair you want. I'm guessing you're looking for ltc/usd and eth/usd

Got it thanks. repped. I was just using the pre set ones that come with the app

 

[ctidda]

Kraken keeps crashing on me. I'm trying to get in on this Ripple wave. I see it went from .59 cent to .85 cent today.

I keep trying to get verified on mobile, should I be on my laptop?

 

[EddieDoyers]

Lol weak hands gonna get exposed this week

 

[PRIME]

Lol weak hands gonna get exposed this week

I’m copping more LTC

I played enough spades to know how to work with a hand full of clubs

 

[PRIME]

That ain’t even make any sense

 

[EddieDoyers]

I’m copping more LTC

I played enough spades to know how to work with a hand full of clubs

You think it will drop to 250 this week?

 

[harlemtothebronx]

Ripple doing work for me.

 

[ksteezy]

Joint hitting .90

I just stacked 500 coins...

139 I bought at .41 and pulled the trigger and bought 361 at .88

Now to ride the rollercoaster...for the next 2-3 years

 

[kickn-since89]

has anyone cashed out on crypto in FY 16 and reported it on their return in the beginning of this year? How did you report them? Did you just report it under a basic capital gain?

 

[datznasty]

need LTC to rebound. I bought in at $377 thinking it was going to grow at least one more day and I'd pump and dump

 

[johnnyredstorm]

need LTC to rebound. I bought in at $377 thinking it was going to grow at least one more day and I'd pump and dump

You must have bought my coins use the dip to your benefit

 

[EddieDoyers]

has anyone cashed out on crypto in FY 16 and reported it on their return in the beginning of this year? How did you report them? Did you just report it under a basic capital gain?

It is reported as a capital gain, and long term or short term capital gain depending on how long you held the crypto.
Crypto is reported as a property according to the IRS.

I would recommend telling your accountant if you cashed in, especially using Coinbase as an exchange, as currently the IRS got records of transactions from them.

 

[harlemtothebronx]

Just set up my Blockfolio. Props to whoever posted that. Very useful app to follow all your holdings.

 

[kickn-since89]

It is reported as a capital gain, and long term or short term capital gain depending on how long you held the crypto.
Crypto is reported as a property according to the IRS.

I would recommend telling your accountant if you cashed in, especially using Coinbase as an exchange, as currently the IRS got records of transactions from them.

I am my accountant LOL but aside from basic W2 and 1099 forms I havn't had much to deal with. Coinbase doesn't send out 1099s and from everything I learned it never included crypto cause schools be behind on tech

but i have yet to cash out on anything crypto. Everything I bought this year is still in the coin

 

[aychd]

Here we go.

 

[EddieDoyers]

I am my accountant LOL but aside from basic W2 and 1099 forms I havn't had much to deal with. Coinbase doesn't send out 1099s and from everything I learned it never included crypto cause schools be behind on tech

Well I am one too

What program you use to report taxes? I’m assuming proseries or lacerte.

 

[PRIME]

You think it will drop to 250 this week?

I wouldn’t doubt the possibility. That’s only another $27. Hopefully we get a nice holiday dip and we start the year off strong

 

[Grine]

I thought the IRS ONLY subpoena records of users of anything 20K or more from Coinbase.