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Bitcoin and Crypto-currency


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2017 Nov 5, 3:36pm   105,331 views  521 comments

by BayArea   ➕follow (1)   💰tip   ignore  

#investing

Hi guys,

I'd like to start a conversation on crypto-currency, particularly Bitcoin.

What do you all think about it from an investment point of view today? I have some buddies in the finance world who are quite bullish on it and claim we are just scratching the surface. Judging by the recent performance, they may be right.

For people who are investing in Bitcoin, what are you using to invest and what recommendations do you have for a new investor?

Also, how are gains taxed compared to typical stock market gains?

I read this week that over 100,000 merchants in the USA are accepting Bitcoin today.

At the same time, digital currency does scare me a bit as it seems so abstract. Curious what PatNet thinks.

Thanks guys!

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511   Misc   2024 Nov 10, 9:54am  

... about that Bitcoin...over $80K a token now.

Crypto is looking at less regulation w/ Trump in office.

Wha ???? - The current scams just ain't enough ????
512   Maga_Chaos_Monkey   2024 Nov 10, 9:59am  

Misc says

... about that Bitcoin...over $80K a token now.


Yeah, I just paid for a brand new Ford F150 Platinum since the election. I haven't ordered it yet though because the max recline seats are late availability.
514   DOGEWontAmountToShit   2024 Dec 2, 7:34pm  

Bitcoin is a unproductive asset that consumes energy and financial resources that could be used elsewhere more productively.

That's why this tax is wonderful economic policy!


515   ElYorsh   2024 Dec 2, 9:15pm  

ALL Governments will tax Bitcoin at some point. Some will even tax it's conversion into their currency. There's NO WAY that Governments will let people get away with independent currencies.
516   Ceffer   2024 Dec 2, 10:11pm  

Bitcoin is DARPA, and they didn't invent it without a back door. They will at some point just steal tranches and the holders of the wallets will not know what hit them. They'll think it's hackers and not the Guv. It'll be tulip bulb crypto crash Armageddon when the word gets out that it was never 'secure'.

Other cryptos may or may not be more secure. However, given the histories of banksters and account holders, I wouldn't count on any of them actually being secure in the long run. Look how much rampant, Intel sponsored fraud (FTX) has already occurred around crypto. It is even more fiat and speculative than a Federal Reserve Note.
517   DOGEWontAmountToShit   2024 Dec 2, 11:12pm  

ElYorsh says


ALL Governments will tax Bitcoin at some point. Some will even tax it's conversion into their currency. There's NO WAY that Governments will let people get away with independent currencies.


This too. ^^^
518   Misc   2024 Dec 2, 11:23pm  

"Western Democracies" squealed like stuck pigs when Zuckerberg was gonna create a crypto currency that could be used on FaceBook.

The threats the man faced ..... just yeah...
520   Misc   2024 Dec 4, 8:19pm  

Markets ??? Manipulated ?????

Cannot be ! ! ! ! ! !

Bitcoin trading at over $103k per token.

Has to be because of its fundamentals.

What could possibly go wrong ?????

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