Someone please explain this currency

[Rekdiver]

Right now Crypto is crap……

[BambooRdApp]

Or a potential buying opportunity when it bottoms out..

[Rekdiver]

Or a potential buying opportunity when it bottoms out..

I can think of a dozen companies that pay a dividend I’d rather buy when the market bottoms…at 3500 on the S&P. 500

[appdaze]

When the housing markets poops itself in the next year or so will be a good time to grab some of the major realty firms who will inevitably go back up. I'm still kicking myself about AMC. I legitimately had it on my watch list after covid took it to rock bottom but I didn't pull the trigger on it and then I sold out of an oil stock being too impatient and then it quadrupled in value, so it goes. Just use common sense and think about what industries will come roaring back in the next bull market and patiently sit on your holdings until then. Then take half your profits and put them in long term slow growth mutual funds and save the other half to prepare for the next bear market investing. Rinse and redo.

[TheAppalachianState]

Right now Crypto is crap……

Crypto will also be crap, sir

[fjblair]

A solution in search of a problem.

[BambooRdApp]

Bitcoin just passed $100K per coin

[Appst86]

I will say some of you are smarter than I thought!

And someone (myself) still doesn't know jackschitt about any of this stuff

[Rick83]

An interesting element to crypto currency is that the IRS does not consider it currency, they consider it an asset. So, if you bought Bitcoin at say, $40,000 and then it's value reaches $100,000 and you purchase a sports car with the $100,000 Bitcoin then you've created a $60,000 capital gains situation that you have to pay the taxes on.

[311neers]

An interesting element to crypto currency is that the IRS does not consider it currency, they consider it an asset. So, if you bought Bitcoin at say, $40,000 and then it's value reaches $100,000 and you purchase a sports car with the $100,000 Bitcoin then you've created a $60,000 capital gains situation that you have to pay the taxes on.

CPA’s are going to have a very difficult job with all of this. So many swaps, sells and trades to keep track of.

[Rick83]

An interesting element to crypto currency is that the IRS does not consider it currency, they consider it an asset. So, if you bought Bitcoin at say, $40,000 and then it's value reaches $100,000 and you purchase a sports car with the $100,000 Bitcoin then you've created a $60,000 capital gains situation that you have to pay the taxes on.

CPA’s are going to have a very difficult job with all of this. So many swaps, sells and trades to keep track of.

Well...generally speaking, the more time and difficulty, the more you charge. So, it works out..

[MrCraig]

I've done a lot of reading up on Bitcoin and crypto, and I have a really hard time understanding how it isn't just some sort of scam. Add onto that all the negatives related to it (Bitcoin being used in drug and human trafficking, the astounding environmental cost), and I'd be fine if the government banned it altogether.

[BambooRdApp]

An interesting element to crypto currency is that the IRS does not consider it currency, they consider it an asset. So, if you bought Bitcoin at say, $40,000 and then it's value reaches $100,000 and you purchase a sports car with the $100,000 Bitcoin then you've created a $60,000 capital gains situation that you have to pay the taxes on.

CPA’s are going to have a very difficult job with all of this. So many swaps, sells and trades to keep track of.

Well...generally speaking, the more time and difficulty, the more you charge. So, it works out..

It is like any other trader. Some hold long-term. Some day trade. I will say the software entities.. Coinbase, Robinhood both could do a better job in providing activity during the year.

[311neers]

An interesting element to crypto currency is that the IRS does not consider it currency, they consider it an asset. So, if you bought Bitcoin at say, $40,000 and then it's value reaches $100,000 and you purchase a sports car with the $100,000 Bitcoin then you've created a $60,000 capital gains situation that you have to pay the taxes on.

CPA’s are going to have a very difficult job with all of this. So many swaps, sells and trades to keep track of.

Well...generally speaking, the more time and difficulty, the more you charge. So, it works out..

It is like any other trader. Some hold long-term. Some day trade. I will say the software entities.. Coinbase, Robinhood both could do a better job in providing activity during the year.

Moonshot (App) is my go to right now. I find the interface a lot easier than Coinbase, Robinhood, Phantom…etc. But make sure you have an out or a plan to get out if you go into an App! Sometimes selling, swaps, transfers can be confusing.

[BallantyneApp]

I wonder if they'll do a follow up on the guy that traded 10,000 bitcoin for a pizza back in the (very) early days.

Thats got a market value of over $1B today...

[NewApp]

I wonder if they'll do a follow up on the guy that traded 10,000 bitcoin for a pizza back in the (very) early days.

Thats got a market value of over $1B today...

Or over 1 Billion mini pizzas from Krogers .

[Bootsy]

As the value of BTC increases, so do the number of scammers/hackers trying to steal it. I use the Tangem offline wallet https://tangem.com/en/ and have been very pleased with both the level of security provided and the ease of use. And it’s economical (one time payment of $55.00 for three backup keys).

[311neers]

Major rug (tank) this week on the meme coin market.

[BambooRdApp]

Correction was expected. Fed commentary yesterday did not help as well.

[Cro-Magnon App]

Is pro wrestling real? Some have infested in it and came out good, others, not so.