BREAKING: Bitcoin Breaks Above 60,000 -> 62,231.85 (+8.23%)

It's a trap to move everyone to digital money. Now you will NEED that internet. NEED that constant plugging in.

You have become the Matrix all the while chasing riches thinking you are escaping the system.

There's retired people on fixed incomes that will be disenfranchised by this. Let the poverty grow and get worse! Rah!





They deserve it for working for forty years.

My life would be a whole lot easier if I had a Bitcoin for sure. Whatever people may say about BTC, it's a convenient way for us folks in Russia to get around all that Gvmt. bank bullshit and have a chance of actually getting up in life.

If my auntie had balls she'd be my Uncle.

You think you're stamping out the banks?




You're just stamping out retirees. Nicely done.

And the scumbags deserve it for not buying bitcoin and listening to gods like you.

No question is stupid.

Most BTC holders sell their BTC on centralized exchanges, like Coinbase and Kraken.

My Coinbase account is linked to my bank account, and sales proceeds get deposited in it.

You could always (not recommended) go back to the "old days" and sell paper wallets of BTC for cash, in sleazy bars or back alleys, if you want to get money "under the table."

No point in getting Bitcoin now, that ship sailed ages ago. $hib for the win now....

I hold some SHIB as a "lottery ticket." It might do a DOGE in the next 12 months, but might also go to zero.

People sold at 120$

Thanks very much for the answer.
do you get charged a % when cashing out?
do you claim earnings on taxes or is this all un traceable?

BTC will be worth over a million bucks per, in a few years.

Grab yerself some Satoshis, man!

Where are all those guys saying bitcion is dead a few months ago?

Where you at, you got a shoe to eat.

that already happened so he said the next run happens same year

Coinbase fees are pretty brutal. I don't know what they are currently, as I haven't used them for some time.

Selling any crypto through a centralized exchange is totally open, and may be a capital gains event that your friendly IRS office will want to know about.

Someone said it was supposed to crash to $5,000 in March next year. He's nowhere to be seen either.

Yes.

Uncle Clif is the MAN!

Thanks very much for the answer.
do you get charged a % when cashing out?
do you claim earnings on taxes or is this all un traceable?


you get charged a % for selling BTC back to USD. the transfer to your linked bank account is free (assuming you use ACH transfers).
every transaction is taxable. whether you have to pay those taxes depends on your other income and if it, with the BTC sales, rises to the level of taxation.

Antichrist Mark system rising.

They freely admit that it is not 'money'.

This same system will enslave them.

Anything can happen in crypto, so this scenario is not off the table.

Look what happened in the first months of 2018, after the blowoff top of late 2017.

You were giving financial advice all through this thread and it's on record.

To the Moon!

Nice financial advice.

Makes me wonder if any other coin will get bigger than bitcoin.

He mad.

Read your reply to him again.

On a dollar price per unit?

I very much doubt it.

ETH just MAY take first spot for market cap value, though.

^ $64k

Then

v $32k

.

then 100.

Wait what....


Please explain for us noobs