BrianW Posted May 3, 2021 Share Posted May 3, 2021 Does anyone know how the taxes work on coinbase? Let's say I invested 5k in Ethereum last year and its worth 50k right now. If I withdraw 45k into my bank account through coinbase do they report it to the IRS? Or am I supposed to report it? Link to comment Share on other sites More sharing options...
RUNNAWAYICEBERG Posted May 3, 2021 Share Posted May 3, 2021 14 minutes ago, BrianW said: Does anyone know how the taxes work on coinbase? Let's say I invested 5k in Ethereum last year and its worth 50k right now. If I withdraw 45k into my bank account through coinbase do they report it to the IRS? Or am I supposed to report it? I belive they’ll send you a tax statement at year end which you’ll report as income. They also report it to the IRS. Long term capital gains (1yr plus) are taxed depending on your taxable income and filing status but they are taxed lower than short term gains. 1 Link to comment Share on other sites More sharing options...
MJO812 Posted May 3, 2021 Share Posted May 3, 2021 Link to comment Share on other sites More sharing options...
Bostonseminole Posted May 3, 2021 Share Posted May 3, 2021 Dodge up to 41.. nice buy for me Link to comment Share on other sites More sharing options...
yoda Posted May 3, 2021 Share Posted May 3, 2021 1 minute ago, Bostonseminole said: Dodge up to 41.. nice buy for me When did you get in at? Link to comment Share on other sites More sharing options...
Bostonseminole Posted May 3, 2021 Share Posted May 3, 2021 Just now, yoda said: When did you get in at? 30... but I'm too scared of it so only put in a few hundred lol.. should have put in more.. this will tank when Musk makes no mention of it on SNL Saturday Link to comment Share on other sites More sharing options...
BuffaloWeather Posted May 3, 2021 Share Posted May 3, 2021 26 minutes ago, Bostonseminole said: Dodge up to 41.. nice buy for me I'm tempted to buy for the meme. Elon is hosting Saturday night live this weekend, you just know its going to skyrocket. Link to comment Share on other sites More sharing options...
SJonesWX Posted May 3, 2021 Share Posted May 3, 2021 41 minutes ago, MJO812 said: https://www.americanwx.com/bb/forum/11-new-york-city-metro/ 1 Link to comment Share on other sites More sharing options...
yoda Posted May 3, 2021 Share Posted May 3, 2021 15 minutes ago, BuffaloWeather said: I'm tempted to buy for the meme. Elon is hosting Saturday night live this weekend, you just know its going to skyrocket. Remember though what happened on #DogeDay aka April 20th... it cratered -- well went down like 5-10 cents. Recovered a few weeks later... but it was no where near what it was "supposed to be" 1 Link to comment Share on other sites More sharing options...
yoda Posted May 3, 2021 Share Posted May 3, 2021 39 minutes ago, Bostonseminole said: 30... but I'm too scared of it so only put in a few hundred lol.. should have put in more.. this will tank when Musk makes no mention of it on SNL Saturday Well making a few hundred is better than nothing lol I'm sitting on 60K of DOGE... bought in around 0.10 or a little higher... so actually making some good money on it. Am watching like a hawk though... I have set my bars as to when to get out Link to comment Share on other sites More sharing options...
BuffaloWeather Posted May 3, 2021 Share Posted May 3, 2021 2 minutes ago, yoda said: Well making a few hundred is better than nothing lol I'm sitting on 60K of DOGE... bought in around 0.10 or a little higher... so actually making some good money on it. Am watching like a hawk though... I have set my bars as to when to get out That is amazing. I don't own any as right on coinbase, it said it was created as a meme. Too risky for me. Link to comment Share on other sites More sharing options...
yoda Posted May 3, 2021 Share Posted May 3, 2021 3 minutes ago, BuffaloWeather said: That is amazing. I don't own any as right on coinbase, it said it was created as a meme. Too risky for me. Actually my DOGE is on RH... Coinbase doesn't support DOGE Link to comment Share on other sites More sharing options...
RUNNAWAYICEBERG Posted May 3, 2021 Share Posted May 3, 2021 I’ve got 300 doge coins at 0.30 so we’ll see if we can make a quick couple hundy next week and cash in. But, I think it does some longevity so when it tanks again post Musky SNL hype, I’m gonna buy back in a little. 1 Link to comment Share on other sites More sharing options...
SouthCoastMA Posted May 3, 2021 Share Posted May 3, 2021 I was considering buying some but it isn't on Coinbase, so forget it Link to comment Share on other sites More sharing options...
yoda Posted May 3, 2021 Share Posted May 3, 2021 Just now, SouthCoastMA said: I was considering buying some but it isn't on Coinbase, so forget it I really think Coinbase is missing out on not having DOGE listed as being able to buy/sell Link to comment Share on other sites More sharing options...
Hoth Posted May 3, 2021 Share Posted May 3, 2021 Pages and pages of crypto posts on a weather board. No speculative froth in these markets lol. Link to comment Share on other sites More sharing options...
RUNNAWAYICEBERG Posted May 3, 2021 Share Posted May 3, 2021 4 minutes ago, Hoth said: Pages and pages of crypto posts on a weather board. No speculative froth in these markets lol. https://decrypt.co/69736/mark-cuban-dogecoin-is-legit-bitcoin-is-financial-religion?&utm_medium=referral&utm_campaign=feed&utm_source=robinhood 1 Link to comment Share on other sites More sharing options...
BuffaloWeather Posted May 3, 2021 Share Posted May 3, 2021 48 hours since my 2nd Pfizer shot, sore arm, slight headache, a few chills. The worst was woke up at 2 am from a deep sleep Saturday night with a panic attack. Dizzy, shortness of breath. Lasted about 90 minutes. Was pretty scary, but no other real physical symptoms. Link to comment Share on other sites More sharing options...
yoda Posted May 3, 2021 Share Posted May 3, 2021 22 minutes ago, RUNNAWAYICEBERG said: I’ve got 300 doge coins at 0.30 so we’ll see if we can make a quick couple hundy next week and cash in. But, I think it does some longevity so when it tanks again post Musky SNL hype, I’m gonna buy back in a little. If Musky gets DOGE to lets say, somehow, around 0.60 Saturday night... I'm getting out with my money lol 2 Link to comment Share on other sites More sharing options...
RUNNAWAYICEBERG Posted May 3, 2021 Share Posted May 3, 2021 4 minutes ago, yoda said: If Musky gets DOGE to lets say, somehow, around 0.60 Saturday night... I'm getting out with my money lol Yea. Then I’ll let it fall afterwards before scooping back in. It’s no longer just a meme. 1 Link to comment Share on other sites More sharing options...
Hoth Posted May 3, 2021 Share Posted May 3, 2021 5 minutes ago, RUNNAWAYICEBERG said: https://decrypt.co/69736/mark-cuban-dogecoin-is-legit-bitcoin-is-financial-religion?&utm_medium=referral&utm_campaign=feed&utm_source=robinhood That's quite a leap on Cuban's part to assert that Doge, which was literally created as a joke and adds 14 million to its supply per day, may be a better store of value than dollars. I also don't understand why he commands such respect from investors. He quite simply got lucky. Broadcast.com had a few million in revenue a quarter when it was acquired near the peak of the Dot Com bubble for billions by Yahoo (which discontinued the service a couple years later). Obviously Cuban was smart enough to take such an obscene offer--he would have to be really stupid to reject the chance at becoming a multi-billionaire for offloading a small business--but let's not pretend he's a whiz because people were paying stupid multiples for anything internet-related in 1999. 1 Link to comment Share on other sites More sharing options...
yoda Posted May 3, 2021 Share Posted May 3, 2021 2 minutes ago, RUNNAWAYICEBERG said: Yea. Then I’ll let it fall afterwards before scooping back in. It’s no longer just a meme. Well I'm taking all my 5 figures and running lol... no more hodling. Probably could get back in... but I doubt it really sinks below 0.25 now 1 Link to comment Share on other sites More sharing options...
RUNNAWAYICEBERG Posted May 3, 2021 Share Posted May 3, 2021 3 minutes ago, yoda said: Well I'm taking all my 5 figures and running lol... no more hodling. Probably could get back in... but I doubt it really sinks below 0.25 now Oh I’d take it and run with 5 figures too. Nice! 1 Link to comment Share on other sites More sharing options...
RUNNAWAYICEBERG Posted May 3, 2021 Share Posted May 3, 2021 5 minutes ago, Hoth said: That's quite a leap on Cuban's part to assert that Doge, which was literally created as a joke and adds 14 million to its supply per day, may be a better store of value than dollars. I also don't understand why he commands such respect from investors. He quite simply got lucky. Broadcast.com had a few million in revenue a quarter when it was acquired near the peak of the Dot Com bubble for billions by Yahoo (which discontinued the service a couple years later). Obviously Cuban was smart enough to take such an obscene offer--he would have to be really stupid to reject the chance at becoming a multi-billionaire for offloading a small business--but let's not pretend he's a whiz because people were paying stupid multiples for anything internet-related in 1999. He’s not the only one. I know you’re against it so we’ll see over the next decade if you missed out or if everyone else fell for the pump fake. 1 Link to comment Share on other sites More sharing options...
Hoth Posted May 3, 2021 Share Posted May 3, 2021 8 minutes ago, RUNNAWAYICEBERG said: He’s not the only one. I know you’re against it so we’ll see over the next decade if you missed out or if everyone else fell for the pump fake. We'll see how the FOMO works out. I'm having plenty of fun staying poor and watching. 1 1 Link to comment Share on other sites More sharing options...
TalcottWx Posted May 3, 2021 Share Posted May 3, 2021 I think it's the time to get into Bitcoin... Some will say I'm late, but not with btc.. The institutional money pouring in is gonna double it in quick fashion 1 Link to comment Share on other sites More sharing options...
RUNNAWAYICEBERG Posted May 3, 2021 Share Posted May 3, 2021 3 minutes ago, Hoth said: We'll see how the FOMO works out. I'm having plenty of fun staying poor and watching. lol. I’ll forever be poor but maybe just a little less poor down the road. 1 Link to comment Share on other sites More sharing options...
STILL N OF PIKE Posted May 3, 2021 Share Posted May 3, 2021 8 minutes ago, Hoth said: We'll see how the FOMO works out. I'm having plenty of fun staying poor and watching. Get the F “out of Doge “ Reminds me of the SPAC craze that peaked in Feb people realize that everyone and their mother are planning to “get out soon” right , when (If)it begins falling This week , it should accelerate as everyone has the same basic idea . Buy , flip for profit and get out Ethereum is the Crypto of the now and the future but it will likely pull back to 2500 within the month , it was 850 on Jan 1... 1 1 Link to comment Share on other sites More sharing options...
Hoth Posted May 3, 2021 Share Posted May 3, 2021 2 minutes ago, STILL N OF PIKE said: Get the F “out of Doge “ Reminds me of the SPAC craze that peaked in Feb people realize that everyone and their mother are planning to “get out soon” right , when (If)it begins falling This week , it should accelerate as everyone has the same basic idea . Buy , flip for profit and get out Look what happened to SPACS in consecutive quarters lol. Link to comment Share on other sites More sharing options...
RUNNAWAYICEBERG Posted May 3, 2021 Share Posted May 3, 2021 6 minutes ago, DotRat_Wx said: I think it's the time to get into Bitcoin... Some will say I'm late, but not with btc.. The institutional money pouring in is gonna double it in quick fashion I’d rather get in on Litecoin or ethereum tbh. Link to comment Share on other sites More sharing options...
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