Anyone else watching Bitcoin right now

[*XXL]

Shits off the charts right now. It’s at 55,627
And up 7% in 24hrs. Coin is on [emoji91] Follow it but sell dat shit fir cash [emoji1306]

[Popeye*]

I’ll buy up when it tanks cause it will go back I’m guessing. Yet to lose money other than the obvious fees.

I have alerts on that bitch [emoji1363] to tell me when it’s up and down to a particular % that I input.

Cash app allows boost on their cards which one is often 5% back in bitcoin on 3 purchases. They run it often and is free crypto to me.

[maxmuscle1]

Almost a trillion bought up! About 55k! Crazy when I was waiting for it to hit 10k! Lol

Max

[beast405]

My question with the bitcoin is as far as investing in it how would you go about paying taxes properly on it ?

[kubes]

My question with the bitcoin is as far as investing in it how would you go about paying taxes properly on it ?

It walks you right through it when you file taxes

[beast405]

I didn’t know that I’ve used it for awhile now. But never actually invested bitcoin. Do they send you a tax form at the end of the year or something on certain apps ??



It walks you right through it when you file taxes

[pompeyo546]

It walks you right through it when you file taxesGotta keep track of 2 things

Edit: this was a reply for beast comment not kubes, sorry kubes.

Sale price and profit

Sale price: at what price your coin was sold

Profit: how much you made.

Also you gotta keep track of who bought the bitcoin with their id and a receipt of the bank saying "no bitcoin sales are refundable"

Not too hard to keep track for tax records its just tedious to write down all that info



Sent from my SM-G781U1 using Tapatalk

[Mr.Smith45]

Gotta keep track of 2 things

Edit: this was a reply for beast comment not kubes, sorry kubes.

Sale price and profit

Sale price: at what price your coin was sold

Profit: how much you made.

Also you gotta keep track of who bought the bitcoin with their id and a receipt of the bank saying "no bitcoin sales are refundable"

Not too hard to keep track for tax records its just tedious to write down all that info



Sent from my SM-G781U1 using Tapatalk


Does bitcoin do reporting to the fed? I thought it was supposed to be anonymous?

[Jaxz]

Its going to 100k buy the end of the simmer or early fall
Get in now !!

[maxmuscle1]

If u use cashapp you get a online form.
Idk about other apps

[thebear]

I am banking it in right now [emoji199]

[Damnwideback90]

I see Elon Musk just dumped a ton of money in it

[Zorlac]

Does bitcoin do reporting to the fed? I thought it was supposed to be anonymous?

its not illegal to buy or trade btc. so who cares if its reported and your paying taxes on it. Give Uncle Sam their end and carry on with your life. And btc is far from anonymous. Yours and everyone elses transaction is on the blockchain.. You can actually look up someones wallet ID and see how much money is being sent there. I traced someones wallet ID and they have had over 1Million sent to their wallet already.

Only anonymous crypto is Monero.

[NightHawkDC2]

Cash app allows boost on their cards which one is often 5% back in bitcoin on 3 purchases. They run it often and is free crypto to me.

Walk me through what Boost is & how that works w/ Cash app.