BITCOIN is at USD $350 - page 2. | Bitcointalksearch.org

tabnloz

legendary

Activity: 961

Merit: 1000

Quote from: tacotime on April 10, 2014, 08:43:28 PM

No surprises here.

US income and capital gains tax is due on Tuesday for individuals.

Anyone buying or selling in 2013 has to pay it -- which means that there's tens or hundreds of millions of dollars in tax money the IRS is waiting for. Those USD have to come from somewhere, so everyone is liquidating while they still can if they have suspected tax bills coming up.

Probably April 14th or 15th will be the best day to buy Bitcoins in recent history.

thats a good point you raise.

twiifm

hero member

Activity: 784

Merit: 500

Quote from: tacotime on April 10, 2014, 08:49:23 PM

Quote from: twiifm on April 10, 2014, 08:45:53 PM

capital gains is favorable to short term gains. If anything they would wait then sell it. Unless its a loss then they want to take losses short term

If you need money to pay the IRS, it doesn't really matter -- late penalties are worse than what you'll be facing in short/long term capital gains tax. If you made money in 2013 on capital gains, it needs to be paid to the IRS now.

Yeah that's true. I didn't think about that

tacotime

legendary

Activity: 1484

Merit: 1005

Quote from: twiifm on April 10, 2014, 08:45:53 PM

capital gains is favorable to short term gains. If anything they would wait then sell it. Unless its a loss then they want to take losses short term

If you need money to pay the IRS, it doesn't really matter -- late penalties are worse than what you'll be facing in short/long term capital gains tax. If you made money in 2013 on capital gains, it needs to be paid to the IRS now.

twiifm

hero member

Activity: 784

Merit: 500

Quote from: tacotime on April 10, 2014, 08:43:28 PM

No surprises here.

US income and capital gains tax is due on Tuesday for individuals.

Anyone buying or selling in 2013 has to pay it -- which means that there's tens or hundreds of millions of dollars in tax money the IRS is waiting for. Those USD have to come from somewhere, so everyone is liquidating while they still can if they have suspected tax bills coming up.

capital gains is favorable to short term gains. If anything they would wait then sell it. Unless its a loss then they want to take losses short term

tacotime

legendary

Activity: 1484

Merit: 1005

No surprises here.

US income and capital gains tax is due on Tuesday for individuals.

Anyone buying or selling in 2013 has to pay it -- which means that there's tens or hundreds of millions of dollars in tax money the IRS is waiting for. Those USD have to come from somewhere, so everyone is liquidating while they still can if they have suspected tax bills coming up.

Probably April 14th or 15th will be the best day to buy Bitcoins in recent history.

twiifm

hero member

Activity: 784

Merit: 500

Quote from: porcupine87 on April 10, 2014, 08:23:45 PM

Quote from: Bit_Happy on April 10, 2014, 07:58:29 PM

Quote from: tabnk on April 10, 2014, 07:44:28 PM

BITCOIN is at USD $350

https://btc-e.com/

Sell NOw, don't wait anyone. Embarrassed

Selling now is such good advice tabnk, wow.
You are really helping the noobs, like this poor lady who lost so badly. Selling will lock in the loss:

Didn't you say the same at a much higher "lows"? If you think the price will further drop selling is a good advice. At this hours it is just gamling. Not more or less. It is like poker or roulette.

permabulls say "buy" at any price cause they're freaking out watch their position lose value. If he just bought it today, then he should sell it before it drops more

porcupine87

hero member

Activity: 546

Merit: 500

hm

Quote from: Bit_Happy on April 10, 2014, 07:58:29 PM

Quote from: tabnk on April 10, 2014, 07:44:28 PM

BITCOIN is at USD $350

https://btc-e.com/

Sell NOw, don't wait anyone. Embarrassed

Selling now is such good advice tabnk, wow.
You are really helping the noobs, like this poor lady who lost so badly. Selling will lock in the loss:

Didn't you say the same at a much higher "lows"? If you think the price will further drop selling is a good advice. At this hours it is just gamling. Not more or less. It is like poker or roulette.

YipYip

hero member

Activity: 574

Merit: 500