/biz/ - Business & Finance

>>14282917
the only thing I learned from 2017 is to never sell
NEVER SELL
Use BTC for purchases after it hits $100K, but NEVER FUCKING SELL

>>14282917
I just made a coinbase account and plan on transfering a bunch of money to it to invest in bitcoin.

How long does the process take? I already sent my driver's license and did all the signup info. I need to get in soon before the market rises more.

>>14282956

What did you learn in 2018?

>>14283076
sell at the low, and repeat every year. like a true /biz/nessman

>>14283076
That drinking makes HODLing easier.

>>14283004
Depends. For me it was pretty much instant. However once the buy is started that money is locked in for like 5 business days so you cannot sell however much bitcoin you just bought until the transaction is cleared. Which if you’re buying for long term should be no biggie. Use Blockfolio to manually track your transactions and pay your fucking taxes. Every crypto buy and every crypto sell is a taxable event in burgerland so keep a good record of it, which Coinbase sort of does for you.

>>14283105
THESE FEELS PLS DELETE

>>14282956

Using BTC for purchases IS selling though. "Selling" is just purchasing dollars with Bitcoin.

>>14283121
Okay but am I gonna get audited if I don’t pay my taxes on my bitcoin buys? Like will they really know?

>>14283121
use coinbase pro not coinbase, has way lower fees and you can transfer the money from one platform to another in just 5 seconds

>>14283290
yeah dont trade ur golden btc for shit fiat

>>14283004
This is a good sign. Normie idiot money is returning.

>>14283121
I use Coinbase Pro and I refuse to track my crypto transactions because taxes are negligible at my profits and fuck the government.

>>14283446
Can I just convert everything to BTC and move it to a non-KYC exchange?

>didn't buy at 3k

>>14283522
Earning less beats buying at 17k and having your bags stuck despite this bullrun

>>14283121

>>14283522
You will have another opportunity next year (6-7k). These idiots think we're going to 100k without a single correction.

>>14282917
w-what happens if Bitcoin breaks it's ATH before the next halving?

>>14283635
this
but the maxim still HODLs

>>14283518
>Can I just convert everything to BTC and move it to a non-KYC exchange?
in theory you should be able to, but coinbase (and therefore the government) will know about that transaction, so I shouldn't try to dodge paying taxes... probably not worth the huge ass fine, or in the worst case, jail time

>>14283004
It took a day for me. Also make sure to use coinbase pro to avoid fees. Just go to coinbase pro and sign in with your coinbase details

>>14283647
We go to 1M by 2021

>>14282917
thank you for the very valuable information based nigger pepe

>>14283635

For the love of god and profits, no one listen to this man. We may have a correction down to 4 digits in the next couple of months, but after that we will never see these price levels ever again. Follow the halving charts people.

>>14282917
Looks like we have a month or two to take profits before BTC tumbles back down.

>>14283076
MY LINKY STAYS SUPER STINKY $1000 EOY

should i buy .2 more to make it 1 btc

>>14282917
The second time it broke through 10k it was a double top and took a year to bottom out

>>14284263

Yes.

>>14283601
So if I did some swing trading with a folio of worth less than $2K, i don't have to pay any taxes on that, right?

>>14284401
I don't know the threshold for cap gains but you'd need to pull at least 15k to report it as income.

>>14282917
And it went back down to 10k in a third of that time....

>>14284401
You sure do, bud.

Cash-> crypto non taxable event.
Crypto->crypto taxable event.

It’s regarded as an asset, not a currency. You’re realizing some value, whether gain or loss, by trading it- thus, Uncle Sam wants his juice.

>>14283693
If you already have a coinbase account, can you effectively instantly register the pro? I still had Coinbase from 2016 but never registered for coinbase pro. I'd like to leverage so I can shoot for one whole BTC, though I guess I can do that on Bitmex as well.

I have tried to buy Bitcoin for like 2 months over a fucking dozen times and each time I try it infuriates and cuts me deep emotionally that a misfunctioning app or website can make me feel like I'm left behind or exiled from lambo club.

>>14284437
This kind of advice is going to ruin alot of people

>>14283105
Drinking Makes It HARDER motherfucker!
You feel the feels MORE

>>14284256


aint selling them links for boomer coin

>>14282917
HEREEE WEE GO!
uh, what was that?
EEEEEEEECCHEHCHHCHEEEEEEEEppppfffpffffffttttEEEECHHE

>>14284401
Depends how much you make
If you make less than $12k you're fine, otherwise just look up the short run capital gains tax rates dummy