Sold of My Entire Bullion Collection In Order To Purchase BitCoins

If he told ya he'd have to kill ya.......

 

Log in or Sign up to hide this ad.

I don't fool with raw bitcoins anymore. I bought what I thought was a real nice one once and tried to get it certified and it came back a no grade for questionable toning. No more getting burned by the bitcoin doctors for me, that's enough. From now on I don't even want to look at a bitcoin unless it's PCGS certified and with a CAC sticker on it.

 

This is the best one so far:
http://freebitco.in/?op=home

Here are a couple of others that pay out "little bits" (pun intended):
http://www.getbitcoinsquick.com/index.php#freebtc
http://faucetbtc.com/index.php

You'll need some kind of wallet software. I use Bitcoin that you can download from here:
https://bitcoin.org/en/download

The program will take just a little effort but a lot of time to set up since it has to download quite a bit of data when first executed.

I'd suggest doing a bit of reading (wikipedia is a good place to start) beforehand (or while the software is setting up) so you can see how it works. I don't think I'll be in the mode of buying coins near term because there are still a number of legalities to be determined, but if I can get them for free, why not?

 

no no, i am with you on that. i actually still have 5 that i committed to holding until the last one is released. i wouldnt mind having a few tiddlybits change though. i appreciate the links.

 

Some new information:

http://www.marketwatch.com/story/irs-defines-bitcoin-as-property-not-currency-2014-03-25?siteid=bnbh

 

It was interesting to read, especially the comments made

If the value increases of a bitcoin, so will the capital gains tax when sold, which will have to be declared just as increase in stocks occurred and were sold. Operations using bitcoins in US could be prosecuted with income tax evasion if not declared by filers. Also even though capital gain losses can be deducted, there is a limit of 3000 per year from normal income, with excess carried over. That will be the main problem facing users of bitcoins.

 

I agree it makes it tricky. I sure hope those retailers jumping on the bitcoin bandwagon have good accounting systems. Such gains could even trigger more frequent filing as well.

 

The new regulations about taxing bitcoins like investments makes it less attractive to own them. Since it's not a currency it is taxed when it goes up in value.

 

I am sure some conspiracy buffs are screaming its conspiracy against bitcoins, but in my view its the correct call. Bitcoins have more in common with gold fro World of Warcraft than it does with Euros, Pounds, or Yen.

 

wow!! My very first thought was something real bad just happened in the world that collapsed the dollar. Thank god for April jokes.

 

Tyler should have been serious. A BTC was $116 on April1 2013 now $1120. Im seriously thinking about jumping in.

 

Sure, look at silver in the period 1977-1983. Anything can happen over the short term. I think I'll stick with real money until bitcoin has proven itself over 5000 years. I am looking for a 20-30 window for my where I put my money..

 

How Ironic. An April Fools day prophecy that became true. I do know there is risk in it just like PM's and that it can fall in price, maybe much more drastically than gold an silver.

 

It's gone up! Quick, buy it!

To be fair, silver was $28/oz on April 1 2013; two weeks later, it had dropped to $23. And we all know where it is now.

 

Which is exactly why I prefer silver. It has moved only slowly over the last 50 years, except for too very short lived aberrations. But it has moved and that is what I want. I am not into get rich quick schemes. I want something which I know will still be there when I need it.

 

Would have been smart if you did. July 2017: $2700/BTC

 

Yes a fictional currency that can be swallowed up in the internet abyss at any time for no reason, that's where you want to put your money.

 

You mean like FIAT HELICOPTER GREENBACKS?

(Disclaimer: I hold a fairly large position in FIAT HELICOPTER GREENBACKS, and exactly 0 BTC. Yes, I know I'm likely missing a golden opportunity to profit at the expense of greater fools.)

 

The bit coin could just be another tulip bulb hysteria.

 

This thread is a rather tired April Fool's joke.