Is 1 bitcoin really worth 1/4lb of platinum

Steve · Dec 3, 2017

amc rulz said:
From what I've read, one can sign up for a Visa card that will allow you to transfer Bitcoin to US dollars onto the Visa account. Used as debit/credit card, for a $2 xfer fee. I have not researched this so I don't know if it's fact.

Example:
If I bought a bitcoin at $1000 and then used that bitcoin to buy a plane ticket that cost $8000.. I would have a capital gain of $7k I would have to pay tax on. Anything over the original $1k is a capital gain including visa/cash (us citizen). There are loop holes.
If anyone has a nice pile of profits consult a specialist prior to cashing it out, in my opinion.

amc rulz · Dec 3, 2017

Steve said:
Example:
If I bought a bitcoin at $1000 and then used that bitcoin to buy a plane ticket that cost $8000.. I would have a capital gain of $7k I would have to pay tax on. Anything over the original $1k is a capital gain including visa/cash (us citizen). There are loop holes.
If anyone has a nice pile of profits consult a specialist prior to cashing it out, in my opinion.

Agreed. (With an emphasis on 'greed' lol). :cool:

MrNovice · Dec 8, 2017

I'll say it again, high risk...but it'll rebound soon again.

Steve · Dec 9, 2017

A very high % of these "coins" are controlled by a few dozen people. Take into account that anyone can dump a few billion in the futures market to cascade the price (see gold at 8:30 almost daily) bitcoin might have some challenges ahead of it. Many speculators are piling into litecoin and iota.
Still don't understand where the "coin" comes from.

Steve · Dec 10, 2017

I, living in the east, will be sticking with the metals and/or if a silk road crypto comes out. I hope the speculators are closed out though and its gold/oil backed

Is 1 bitcoin really worth 1/4lb of platinum

Steve

amc rulz

MrNovice

Steve

Steve

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