Lost mine in tragic boat accident
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Originally posted by oldtestamentman View PostIt is legit.
I opened a Wells Fargo separate account and got me a Coinbase Wallet. Took allot of red tape to get one, more than a bank account in the US. Made sure the Coinbase account had the security lock in the browser, otherwise you are giving your money away to hackers.
Sold my bitcoin twice once at $1,200 and then recently at $1,100 per bitcoin. I did not believe it was legit until the international bank wire hit my account and I transferred it to my checking account. It actually is legit and I made 8,000 % return on it.
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Originally posted by oldtestamentman View PostIt is legit.
I opened a Wells Fargo separate account and got me a Coinbase Wallet. Took allot of red tape to get one, more than a bank account in the US. Made sure the Coinbase account had the security lock in the browser, otherwise you are giving your money away to hackers.
Sold my bitcoin twice once at $1,200 and then recently at $1,100 per bitcoin. I did not believe it was legit until the international bank wire hit my account and I transferred it to my checking account. It actually is legit and I made 8,000 % return on it.
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Even better yet, when I asked my Tax CPA if I had to pay capital gains tax on the investment, she said, "huh", what?" "what is a bitcoin.?"
The IRS still doesn't know how to handle it.
It was a dicey investment and I didn't bet the farm, but it was like going to Vegas and then watching it daily. When the International Monetary Fund closed down the banks in Cypress due to austerity measures, it went nuts to the price of a troy ounce of gold in no time. Then Brexit caused another recent run from $300 to $1,100. Now most are bought by Chinese and Middle East investors.
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Originally posted by oldtestamentman View PostIt is legit.
I opened a Wells Fargo separate account and got me a Coinbase Wallet. Took allot of red tape to get one, more than a bank account in the US. Made sure the Coinbase account had the security lock in the browser, otherwise you are giving your money away to hackers.
Sold my bitcoin twice once at $1,200 and then recently at $1,100 per bitcoin. I did not believe it was legit until the international bank wire hit my account and I transferred it to my checking account. It actually is legit and I made 8,000 % return on it.Originally posted by oldtestamentman View PostEven better yet, when I asked my Tax CPA if I had to pay capital gains tax on the investment, she said, "huh", what?" "what is a bitcoin.?"
The IRS still doesn't know how to handle it.
It was a dicey investment and I didn't bet the farm, but it was like going to Vegas and then watching it daily. When the International Monetary Fund closed down the banks in Cypress due to austerity measures, it went nuts to the price of a troy ounce of gold in no time. Then Brexit caused another recent run from $300 to $1,100. Now most are bought by Chinese and Middle East investors.
Can you provide an explanation of what they are and how one buys and sells them. Also, I'm not certain that I understand why the closing of banks in Cypress and Brexit would cause the value of bitcoins to skyrocket. Can you please explain the correlation.
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A buddy of mine started a Bitcoin ATM service: https://www.wired.com/2013/05/robocoin/
but then they shut it down a few years later: http://www.coindesk.com/robocoin-rom...coin-services/
IIRC, they were able to operate in Canada alright but there was too much red tape in the States.
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