Not sure if OP is trolling or...
If you are not sure if OP is trolling or not, look at the posting history in his profile.
From now on, I'm always gonna do that before answering threads like this one. Lesson learned.
Case closed.
Topic: Borrowed $1,000,000 (1 million dollars) from my dad to invest in BTC (serious) - page 5. (Read 18460 times)
December 06, 2013, 10:45:00 AM
If you are not sure if OP is trolling or not, look at the posting history in his profile.
From now on, I'm always gonna do that before answering threads like this one. Lesson learned.
Case closed.
December 06, 2013, 04:32:12 AM
All these loans threads are probably making whales itchy to sell and gloat over your misfortunes.
Anyways, I'm not gonna answer your questions but I personally think (as a bull) this is a risky time to be buying. Especially going all in.
Proceed with caution and don't invest what you aren't willing to throw away into the wind.
Anyways, I'm not gonna answer your questions but I personally think (as a bull) this is a risky time to be buying. Especially going all in.
Proceed with caution and don't invest what you aren't willing to throw away into the wind.
December 06, 2013, 03:31:14 AM
10% in the Bitcoin world is quite easy, of course you obviously want more than that or you would not be doing this.
I have quite a bit invested and can give you a few pointers via PM, though I greedily do not really want someone with a million dollars making money the way I am.
But for sure, going via CoinBase is not the best route. They are good for convenience, not for investing large amounts.
When it comes to not paying taxes, there are legal ways of doing so.
But I agree with others that your story does not seem legit. There are many legal and tax issues that your dad has to cover just to give you that much money, and if you do not pay him back it is not just him you have to worry about but also the IRS. Moving that much money around is not like in the movies.
I have quite a bit invested and can give you a few pointers via PM, though I greedily do not really want someone with a million dollars making money the way I am.
But for sure, going via CoinBase is not the best route. They are good for convenience, not for investing large amounts.
When it comes to not paying taxes, there are legal ways of doing so.
But I agree with others that your story does not seem legit. There are many legal and tax issues that your dad has to cover just to give you that much money, and if you do not pay him back it is not just him you have to worry about but also the IRS. Moving that much money around is not like in the movies.
December 06, 2013, 02:54:52 AM
Not sure if OP is trolling or...but anyway, TheDjinni's advice is actually the best you can take...clear, logical and structured
Uh huh. Nobody with $1m to burn will buy that you can make a $100k return in 1 year on a startup. Most startups don't turn a profit until 5 years down the road.
This sounds like a joke, but I'll bite... I suppose he could be thinking you'll borrow to cover the difference when you don't meet your target, then learn a valuable life lesson when your investment fails and you're $400k in debt once you sell off your assets, and have to declare bankruptcy.
What he doesn't realize is that you're dumping it in something on purely speculative grounds and could double your money or lose it all by a difference of days. It doesn't even sound like you understand how bitcoin works or what it even is.
That's your first problem. Bitcoin is not a get rich quick scheme, especially if you know little about how it works. Speculative bubbles always benefit the moguls, veterans, and hawkish traders at the expense of the young, new, and inexperienced.
This plan is insane.
Bitcoin always spikes in value after a media blitz via a speculative bubble, then crashes hard a few months later. Those of us who have had their ear to the ground have seen it happen, first in May of 2011, then less so in Jan 2012, then again in August 2012. Do NOT invest in $1 million in bitcoin unless you are prepared to lose $990,000 of it.
The recent media attention that bitcoin has received is the sole thing fueling this bubble.
See:
This is not a transaction you want to handle online with some random exchange. Find a bunch then call them up and get a contract with a lawyer in tow, if you're crazy enough to do it.
I doubt there'll be enough sellers at any one point in time for you to drop $1 million into the market. Dropping $1m in a day might actually cause the speculative bubble to burst, since you'd spike the value so quickly that the speculators will panic-sell.
You'd have to buy them up at a slower pace, but that just puts you at even greater risk.
They'd call up whatever exchange service you used and ask them for the information. If you made a significant return, the bank will notice and report it. You WILL pay taxes on this, governments proactively look for and try to snap up smaller sums than this. They would look at what you are doing as free money because you simply could not contest the wealth of evidence they will have on you. And they'll sit on it for a year so that you pay interest.
Just repeat this mantra: "Bitcoin is not a get-rich-quick scheme, Bitcoin is not a get-rich-quick scheme, Bitcoin is not a get-rich-quick scheme..." until you realize how you're letting the euphoria of naked greed cloud your judgment.
What you should do: return the money to your father and say your projections were flawed as you realized that there were some fundamental problems with your idea.
Basically this. The gamble is the day the bubble pops; bet safe and you make nothing, get greedy and you lose it all. If you don't have experience day-trading and aren't prepared to sit at a computer 24/7 monitoring any change in value, you aren't ready for this.
I promised him I will return the money to him by the end of 2014 with an extra $100k (10% interest). It took me a lot of convincing but I somehow managed to convince him without telling him exactly what I would do with the money.
Uh huh. Nobody with $1m to burn will buy that you can make a $100k return in 1 year on a startup. Most startups don't turn a profit until 5 years down the road.
This sounds like a joke, but I'll bite... I suppose he could be thinking you'll borrow to cover the difference when you don't meet your target, then learn a valuable life lesson when your investment fails and you're $400k in debt once you sell off your assets, and have to declare bankruptcy.
What he doesn't realize is that you're dumping it in something on purely speculative grounds and could double your money or lose it all by a difference of days. It doesn't even sound like you understand how bitcoin works or what it even is.
I feel like it's almost guaranteed.
That's your first problem. Bitcoin is not a get rich quick scheme, especially if you know little about how it works. Speculative bubbles always benefit the moguls, veterans, and hawkish traders at the expense of the young, new, and inexperienced.
1. Am I being really stupid and optimistic to think this way? How much of a chance/risk do you think it is for the price to not go up any higher in 2014? IMO, it almost seems guaranteed the price will at least hit $1200-$1300/btc sometime next year.... or is there a risk that I'm not aware of?
This plan is insane.
Bitcoin always spikes in value after a media blitz via a speculative bubble, then crashes hard a few months later. Those of us who have had their ear to the ground have seen it happen, first in May of 2011, then less so in Jan 2012, then again in August 2012. Do NOT invest in $1 million in bitcoin unless you are prepared to lose $990,000 of it.
The recent media attention that bitcoin has received is the sole thing fueling this bubble.
See:
2. I have a coinbase account and it only lets me buy a max of 50 BTC at a time. Is there a place where I can buy as many as I want w/o any limits?
This is not a transaction you want to handle online with some random exchange. Find a bunch then call them up and get a contract with a lawyer in tow, if you're crazy enough to do it.
3. Will I even be able to buy $1mil worth of BTCs? Does it depend on who's selling right at the moment I'm trying to buy some? How does this work?
I doubt there'll be enough sellers at any one point in time for you to drop $1 million into the market. Dropping $1m in a day might actually cause the speculative bubble to burst, since you'd spike the value so quickly that the speculators will panic-sell.
You'd have to buy them up at a slower pace, but that just puts you at even greater risk.
4. Will I have to pay taxes on capital gains? I don't wanna pay shit to the US gov, how would they know how much I made off BTCs?
They'd call up whatever exchange service you used and ask them for the information. If you made a significant return, the bank will notice and report it. You WILL pay taxes on this, governments proactively look for and try to snap up smaller sums than this. They would look at what you are doing as free money because you simply could not contest the wealth of evidence they will have on you. And they'll sit on it for a year so that you pay interest.
I'm thinking of putting an automatic sell order right when BTCs hit $1500 in 2014.... is that too high or should I put a lower limit? I want to guarantee some profit before I get too greedy and potentially lose my dad's money. I figured if I sell at $1500 it would be a nice $400k profit for me, I could quit my job and chill in Miami and Ibiza for a year until I need money again.
Just repeat this mantra: "Bitcoin is not a get-rich-quick scheme, Bitcoin is not a get-rich-quick scheme, Bitcoin is not a get-rich-quick scheme..." until you realize how you're letting the euphoria of naked greed cloud your judgment.
What you should do: return the money to your father and say your projections were flawed as you realized that there were some fundamental problems with your idea.
Roughly the equivalent of borrowing money from your dad to put it all on roulette in Vegas.
Basically this. The gamble is the day the bubble pops; bet safe and you make nothing, get greedy and you lose it all. If you don't have experience day-trading and aren't prepared to sit at a computer 24/7 monitoring any change in value, you aren't ready for this.
December 06, 2013, 02:49:41 AM
You're being very foolish.
Go re-read the post by TheDjinni on the second page. This is the correct answer.
Regarding tax, yes, you must pay capital gains tax, unless you would like to go to prison. However, you shouldn't be so sure about making money with this idea.
Go re-read the post by TheDjinni on the second page. This is the correct answer.
Regarding tax, yes, you must pay capital gains tax, unless you would like to go to prison. However, you shouldn't be so sure about making money with this idea.
December 06, 2013, 02:42:41 AM
.............
What I can do, is keep your coins in cold storage where no online hacker can steal it. Think of it as offshore safe deposit box, except I generate a completely random private key and bitcoin address(es) for you, print it on paper, then store it in a safe place.
..............
Get the fuck out of here if you think I would even consider doing this... lolWhat I can do, is keep your coins in cold storage where no online hacker can steal it. Think of it as offshore safe deposit box, except I generate a completely random private key and bitcoin address(es) for you, print it on paper, then store it in a safe place.
..............
You seem to forget the last part where I also said you have to try and learn it on your own.
Quote
If you know how to do that, do it. If you care to spend the time to learn how to do it, do it. If you can't be bothered, then you have to send the coins somewhere you are pretty damn sure will be safe.
Anything online (exchanges, online web wallets, even your own bitcoin-qt wallet connected to the internet) is out of the question.
Anything online (exchanges, online web wallets, even your own bitcoin-qt wallet connected to the internet) is out of the question.
I'm not asking you to consider it, that's a decision you have to make. If you can secure your $1 million USD worth of bitcoins on your own, do it. It's better that way, and it becomes 100% your responsibility.
If you lose your coins because you make a mistake, get hacked, lose your wallet, computer blows up, or whatever, you don't know who it might have been, or how to get it back, or even if you can get it back. If your coins move from the cold storage paper wallet address(es) I give you, then you know who to go to.
I keep wondering if there is a market for this. Apparently, there are a lot of rich dudes who open accounts all over the world except their own country and they have someone else take care of it.
In your particular case, maybe you don't have a safe place to store your coins. You have to think about, not only online security, but physical security as well, like how hard is it to break into your house where you keep your paper wallet? Do you have a safe or a vault? How many armed guards do you have patrolling around that? Are you armed yourself?
For a million USD, I'm going to use dice to generate my private keys. You might want to look that up as well.
December 06, 2013, 02:03:16 AM
Man all my threads get moved to Speculation... wtf
On another note... BTC is below $1000.... time to buy?
I currently have some BTCs in coinbase that I bought with my own money. Is it not secure? I still don't quite understand the concept of putting it in a "wallet" that resides in your harddrive.... I feel like that is more risky. What if the file accidentally gets deleted or my computer crashes?
You really need to learn the difference between paper wallets, cold software wallets, hot software wallets and online (web) wallets.
Try each in turn and perform some transactions from each with small amounts of bitcoin. Learn how to best secure and backup each of them.
Buying $1mn of bitcoins without knowing each of these important concepts in detail seems like a recipe for disaster.
Ok thanks for the links, I'm reading up on security right now
That's great chong hung, I don't really care what the fuck you think about me and whether you believe me or not
Well that's a good thing I suppose
[/quote]
I'm jk, that sounded racist but i wasn't trying to be at all
December 06, 2013, 01:55:27 AM
That's great chong hung, I don't really care what the fuck you think about me and whether you believe me or not
[/quote]
Well that's a good thing I suppose
December 06, 2013, 01:54:57 AM
I currently have some BTCs in coinbase that I bought with my own money. Is it not secure? I still don't quite understand the concept of putting it in a "wallet" that resides in your harddrive.... I feel like that is more risky. What if the file accidentally gets deleted or my computer crashes?
You really need to learn the difference between paper wallets, cold software wallets, hot software wallets and online (web) wallets.
Try each in turn and perform some transactions from each with small amounts of bitcoin. Learn how to best secure and backup each of them.
Buying $1mn of bitcoins without knowing each of these important concepts in detail seems like a recipe for disaster.
December 06, 2013, 01:46:17 AM
Wow, lots of BEARS in this topic
Go fucking die spoiled bastard! FTFY
Go suck a dick. You have no idea who I am and whatever relationship I have with my family is none of your concern. I don't get a penny from my parents, I live on my own barely making rent. I don't even have a bed in my room, I sleep on a blanket on the floor.. that's how poverty I am right now. I am only borrowing this money. If you're jealous then that's your problem.
Thanks for the solid advice, I guess I'll look i'll do some more research first.
Not sure why it was so hard, my dad would loan me 1 million dollars blind no problem
Because i don't always make the most responsible decisions, i'm not the smartest in the family by any means.. but I have balls
1. I get what you're saying but if the price "always" follows history everyone would be rich. Following charts and comparing "bubbles" only for delusional investors who think they are smart enough to beat the system. My guess is just as good as yours.
2. So you are saying that in a $12 billion market cap my $1 million will affect the price enough to cause panic selling?
why not? it would drive the value up for all of us. he could let us know when he's buying, so after he puts in his buy order, we could sell and then buy it back when it bottoms out
Go fuck yourself, why would I tell you if y'all trying to screw me like that
Get the fuck out of here if you think I would even consider doing this... lol
How is gambling in Vegas the same as investing in something revolutionary? Please explain.
And yes, if I can't pay him back I am scum.
Oh heavenly blessed beauty whose beauty is so divine and everlasting... We could have been together baby. We coulda been in the topics sippin on piña coladas...or go to the slums where killas get hung shawty I could take you there. But you had to get married before we met
lol wut? 40-70k a year...fuck that. This is not my money dude. I can't retire on my dad's money and live off interest
That's great chong hung, I don't really care what the fuck you think about me and whether you believe me or not
spoilt bastard!
Go fucking die spoiled bastard! FTFY
Go suck a dick. You have no idea who I am and whatever relationship I have with my family is none of your concern. I don't get a penny from my parents, I live on my own barely making rent. I don't even have a bed in my room, I sleep on a blanket on the floor.. that's how poverty I am right now. I am only borrowing this money. If you're jealous then that's your problem.
...
3. Depending on where you want to spend your $million, there will be a long list of sell-orders waiting for you to purchase. If you were to use sites like Coinbase, Bitstamp or Mtgox, you'll have to expect the average price per bitcoin to be up to ~5% higher than the current price for those last few hundred bitcoins of your $1million purchase. An example: A few days ago i saw someone buy out 940BTC from Mtgox. This order ate up every sell-order from $1040 all the way up to $1070, thus driving the price up $30. I would consider buying in portions. Perhaps buy ~100BTC every hour for 10 hours or so?
....
3. Depending on where you want to spend your $million, there will be a long list of sell-orders waiting for you to purchase. If you were to use sites like Coinbase, Bitstamp or Mtgox, you'll have to expect the average price per bitcoin to be up to ~5% higher than the current price for those last few hundred bitcoins of your $1million purchase. An example: A few days ago i saw someone buy out 940BTC from Mtgox. This order ate up every sell-order from $1040 all the way up to $1070, thus driving the price up $30. I would consider buying in portions. Perhaps buy ~100BTC every hour for 10 hours or so?
....
Thanks for the solid advice, I guess I'll look i'll do some more research first.
It took me a lot of convincing but I somehow managed to convince him without telling him exactly what I would do with the money.
Not sure why it was so hard, my dad would loan me 1 million dollars blind no problem
Because i don't always make the most responsible decisions, i'm not the smartest in the family by any means.. but I have balls
Bitcoin always spikes in value after a media blitz via a speculative bubble, then crashes hard a few months later. Those of us who have had their ear to the ground have seen it happen, first in May of 2011, then less so in Jan 2012, then again in August 2012. Do NOT invest in $1 million in bitcoin unless you are prepared to lose $990,000 of it.
The recent media attention that bitcoin has received is the sole thing fueling this bubble.
....
I doubt there'll be enough sellers at any one point in time for you to drop $1 million into the market. Dropping $1m in a day might actually cause the speculative bubble to burst, since you'd spike the value so quickly that the speculators will panic-sell.
....
The recent media attention that bitcoin has received is the sole thing fueling this bubble.
....
I doubt there'll be enough sellers at any one point in time for you to drop $1 million into the market. Dropping $1m in a day might actually cause the speculative bubble to burst, since you'd spike the value so quickly that the speculators will panic-sell.
....
1. I get what you're saying but if the price "always" follows history everyone would be rich. Following charts and comparing "bubbles" only for delusional investors who think they are smart enough to beat the system. My guess is just as good as yours.
2. So you are saying that in a $12 billion market cap my $1 million will affect the price enough to cause panic selling?
Now it is a good time to buy, but don't all in at once
why not? it would drive the value up for all of us. he could let us know when he's buying, so after he puts in his buy order, we could sell and then buy it back when it bottoms out
Go fuck yourself, why would I tell you if y'all trying to screw me like that
.............
What I can do, is keep your coins in cold storage where no online hacker can steal it. Think of it as offshore safe deposit box, except I generate a completely random private key and bitcoin address(es) for you, print it on paper, then store it in a safe place.
..............
What I can do, is keep your coins in cold storage where no online hacker can steal it. Think of it as offshore safe deposit box, except I generate a completely random private key and bitcoin address(es) for you, print it on paper, then store it in a safe place.
..............
Get the fuck out of here if you think I would even consider doing this... lol
Roughly the equivalent of borrowing money from your dad to put it all on roulette in Vegas.
If you can't afford to pay your dad back (which is sounds like you can't), you're scum.
If you can't afford to pay your dad back (which is sounds like you can't), you're scum.
How is gambling in Vegas the same as investing in something revolutionary? Please explain.
And yes, if I can't pay him back I am scum.
Wow. You are fortunate to have a wealthy father that is willing to give you this opportunity.
Yes it is risky. Start-ups are risky investments too. Having started a business that failed I know first hand how they can go. Bitcoin has been much more profitable and we put WAY less money into it than we did our business. Wish we had the money for BTC now, but oh well. Life works out that way sometimes.
I think it is a gutsy move but all signs are pointing towards an amazing 2014. My advice would be that as soon as the price that you paid for your BTC doubles, just pull out your initial investment and pay your dad back then you will have $1,000,000 in free BTC at that point! Pretty cool!
I would talk to an accountant too and figure out the best way to do that too. There are some long term capital gain laws that carry into next year it appears that can put you at 0% if your annual income is in the lower brackets. I am in no way qualified to give tax advice though so please consult a professional on this. (Have to put a disclaimer here)
Yes it is risky. Start-ups are risky investments too. Having started a business that failed I know first hand how they can go.
Bitcoin has been much more profitable and we put WAY less money into it than we did our business. Wish we had the money for BTC now, but oh well. Life works out that way sometimes.I think it is a gutsy move but all signs are pointing towards an amazing 2014. My advice would be that as soon as the price that you paid for your BTC doubles, just pull out your initial investment and pay your dad back then you will have $1,000,000 in free BTC at that point! Pretty cool!
I would talk to an accountant too and figure out the best way to do that too. There are some long term capital gain laws that carry into next year it appears that can put you at 0% if your annual income is in the lower brackets. I am in no way qualified to give tax advice though so please consult a professional on this. (Have to put a disclaimer here
) Oh heavenly blessed beauty whose beauty is so divine and everlasting... We could have been together baby. We coulda been in the topics sippin on piña coladas...or go to the slums where killas get hung shawty I could take you there. But you had to get married before we met
1,000,000 is enough money to retire on. Talk to someone who knows something about investing and have him set you up with a solid portfolio. You should be able to withdraw 40k-70k a year. With that type of money you can coast, travel, pursue any interest or hobby. Congratulations you have freedom. Don't fuck it up by dumping it all in bitcoin.
Slow down and think.
Slow down and think.
lol wut? 40-70k a year...fuck that. This is not my money dude. I can't retire on my dad's money and live off interest
If you look through ops post history you'll discover quite quickly that he's a pathological lying troll.
That's great chong hung, I don't really care what the fuck you think about me and whether you believe me or not
December 06, 2013, 01:25:45 AM
IMHO:
$1 million? Want no hassles?
Second market.
done.
$1 million? Want no hassles?
Second market.
done.
+1, minimize your risks since it's not your money.
December 06, 2013, 01:02:26 AM
IMHO:
$1 million? Want no hassles?
Second market.
done.
$1 million? Want no hassles?
Second market.
done.
December 06, 2013, 12:43:37 AM
1,000,000 is enough money to retire on.
He's supposed to pay it back, not retire on it.
In any case, 1,000,000 is enough money for gla22 to retire on.
Everyone else has their own individual comfort level, and 1m wouldn't cut it for me. I'd keep working.
December 06, 2013, 12:33:23 AM
What strikes me is that at a certain time in 2010 I told some people to buy $10 worth of bitcoin and they weren't so optimistic. I guess sheep have to see price increase in order to believe.
DISCLOSURE: The only reason I didn't buy that pizza (I was there when the offer was made) is because I didn't have $20
Awfully wrong. Bitcoin price has been manipulated and is manipulated even today so price DOESN'T MATTER! What matters is you taking your own decisions w/o emotions. And right now you're biased by the price-effect emotions, you hope and want it to go 10,000 a btc.
I recommend investing just $100,000. It's more than you can afford right now.
DISCLOSURE: The only reason I didn't buy that pizza (I was there when the offer was made) is because I didn't have $20
Awfully wrong. Bitcoin price has been manipulated and is manipulated even today so price DOESN'T MATTER! What matters is you taking your own decisions w/o emotions. And right now you're biased by the price-effect emotions, you hope and want it to go 10,000 a btc.
I recommend investing just $100,000. It's more than you can afford right now.
December 06, 2013, 12:05:29 AM
If you look through ops post history you'll discover quite quickly that he's a pathological lying troll.
December 06, 2013, 12:02:19 AM
1,000,000 is enough money to retire on. Talk to someone who knows something about investing and have him set you up with a solid portfolio. You should be able to withdraw 40k-70k a year. With that type of money you can coast, travel, pursue any interest or hobby. Congratulations you have freedom. Don't fuck it up by dumping it all in bitcoin.
Slow down and think.
Slow down and think.
He's supposed to pay it back, not retire on it.
If I had a million dollars of play money, not something earmarked for retirement, then I would build rental units in Anchorage or North Dakota where the fracking is going on. Rental units in ANC go for $1/sq ft per month. Spend that million dollars on 2 duplex homes for a total of 10000 sq ft (2500 sq ft/home), that's $10k/month income. After overhead (taxes, maintenance, insurance etc), you can certainly count on $9k. Mortgage it, use the rent to pay off the mortgage (leaving you with pure profit), and pay your dad back. Basically, you're just using his money as no interest a construction loan.
December 05, 2013, 11:58:31 PM
If i have 1 million dollars i prefer to buy high end miners of course this is only my opinion. Then when you recover your investment you can keep mining until still profitable. You can check with a mining profit calculator if you want. Wish you good luck
December 05, 2013, 11:21:41 PM
1,000,000 is enough money to retire on. Talk to someone who knows something about investing and have him set you up with a solid portfolio. You should be able to withdraw 40k-70k a year. With that type of money you can coast, travel, pursue any interest or hobby. Congratulations you have freedom. Don't fuck it up by dumping it all in bitcoin.
Slow down and think.
Slow down and think.
December 05, 2013, 11:16:38 PM
Wow. You are fortunate to have a wealthy father that is willing to give you this opportunity.
Yes it is risky. Start-ups are risky investments too. Having started a business that failed I know first hand how they can go. Bitcoin has been much more profitable and we put WAY less money into it than we did our business. Wish we had the money for BTC now, but oh well. Life works out that way sometimes.
I think it is a gutsy move but all signs are pointing towards an amazing 2014. My advice would be that as soon as the price that you paid for your BTC doubles, just pull out your initial investment and pay your dad back then you will have $1,000,000 in free BTC at that point! Pretty cool!
I would talk to an accountant too and figure out the best way to do that too. There are some long term capital gain laws that carry into next year it appears that can put you at 0% if your annual income is in the lower brackets. I am in no way qualified to give tax advice though so please consult a professional on this. (Have to put a disclaimer here)
Yes it is risky. Start-ups are risky investments too. Having started a business that failed I know first hand how they can go.
Bitcoin has been much more profitable and we put WAY less money into it than we did our business. Wish we had the money for BTC now, but oh well. Life works out that way sometimes.I think it is a gutsy move but all signs are pointing towards an amazing 2014. My advice would be that as soon as the price that you paid for your BTC doubles, just pull out your initial investment and pay your dad back then you will have $1,000,000 in free BTC at that point! Pretty cool!
I would talk to an accountant too and figure out the best way to do that too. There are some long term capital gain laws that carry into next year it appears that can put you at 0% if your annual income is in the lower brackets. I am in no way qualified to give tax advice though so please consult a professional on this. (Have to put a disclaimer here
) December 05, 2013, 11:02:37 PM
Don't use coinbase. They cancel transactions which could result unfavorable for customer.
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