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Bitcoin is a decentralized digital currency first developed in 2009. Most Bitcoin-related questions should be asked at the Bitcoin Stack Exchange.

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2answers
96 views

Tax implication when receiving Bitcoin gift from foreign relative?

Does the recipient has to pay tax, or report receiving the Bitcoin? receiving: US, sending: China. Edit: receiving gift.
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10answers
10k views

How is Bitcoin useful as a currency if so few services accept it?

I've done research on bitcoin and I know what it is and how it works, kinda. I've even built a small block chain app. Here's the question, what I don't understand and I haven't been able to find ...
4
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1answer
1k views

Tax consequences of a gift returned to sender?

Transaction 1: On 2014-12-27, I sent a holiday gift of 0.1 BTC (which according to Coinbase was worth about 31.47 USD at the time) from my Coinbase account to an email address. Transaction 2: On 2015-...
78
votes
7answers
24k views

Is this work legal? Someone promises payment for converting money transfers to Bitcoin

An online company hired my friend as an account assistant. They told him they are a business consulting firm, and that they need an account assistant in every area. His job is the following: Some ...
0
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2answers
79 views

How do Bitcoin futures acutally affect the underlying spot market?

Lets say when the futures expire today on settlement date, does the seller of the future actually literally sell BTC on the open market so he can pay the cash to the Future buyer/holder? I was told ...
3
votes
1answer
203 views

What paperwork is needed when receiving salary through the cryptocurrencies?

Supposedly I got a short-term software engineering remote contract which was agreed to be paid by the cryptocurrencies or tokens on the task-basis (e.g. receiving a certain amount of EOS tokens for ...
3
votes
1answer
112 views

Yahoo Finance's cryptocurrency volume

What is the definition of "volume" in Yahoo Finance's data on BTC-USD and ETH-USD?
2
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0answers
193 views

How can we tell if Blockchain and Cryptocurrencies are Bubbles? And If they are, what can we do about it? [closed]

Lately I have been influenced by some sour sentiments regarding Blockchain and cryptocurrencies from individuals who believe that cryptocurrencies and their whole infrastructure is currently in a ...
2
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1answer
2k views

Where can I find Bitcoin Misery Index?

There has been a lot written about Bitcoin Misery Index: The index is called the Bitcoin Misery Index (BMI) and was designed as a trading tool for investors to take advantage of volatility in BTC ...
79
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12answers
25k views

A friend asks me all the time to pick up money for her (Western Union, Moneygram)

A friend of mine trades Bitcoin and often asks me to pick up money for her, i.e., someone sends money to me (on my name) and I just pick it up and give it to my friend. The amounts are usually around $...
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vote
2answers
261 views

Which is the best way to invest a small amount in Bitcoin?

From the answers to this question Are there multiple Bitcoin markets? I understood there are multiple platforms to trade Bitcoin (Coinbase and Kraken were mentioned). Suppose I want to invest a ...
1
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2answers
239 views

Are there multiple Bitcoin markets?

I have the (possibly wrong) suspect that Bitcoin questions are not received too well here, so I kindly ask you to go easy on me :-) According to this question we should categorize Bitcoin as a ...
3
votes
3answers
433 views

If I buy 1000 USD worth of Bitcoin, the price drops, and I sell it for 800 USD. Where did that 200 USD go? [duplicate]

Did somebody end up earning the 200 USD I lost, or did was that 200 USD destroyed?
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0answers
61 views

OHLC anomalies on Yahoo Finance's data

While looking at BTC-USD data on Yahoo Finance, I was puzzled by the following: Date Open High Low Close* Adj Close** Volume Apr 06, 2017 1,129.87 1,201.55 ...
1
vote
1answer
167 views

How do you pay taxes on mined crypto currency that doesn't have a true price yet? [duplicate]

Lets say I created a new coin and mined 1 trillion of them. It isn't on any exchange to get its true value. But someone on a forum pays me $100 for 100 coins. Now these coins value is at $1 and ...
2
votes
1answer
261 views

GBTC stock went way down but no signs of huge decrease?

GBTC was at about 1400 when I purchased it, and now it's at about 15$. It never showed that it decreased or a huge decrease, and no history of it at being at 1400, ever. I'm so confused, I still have ...
0
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3answers
140 views

Calculate the number of coins for a trade with a fixed amount of total risk

I trade altcoins. Could someone tell me, how to calculate the total amount of coins for a trade with a fixed amount of risk (including fee). For example, my risk is $100 per trade I use this ...
2
votes
1answer
110 views

Is filling 1040NR sufficient for Crypto gains for an F-1 student?

On F-1 status since last 16 months. I have gains of less than $100 on Crypto. Transactions were made on Coinbase.com portal in the US. Other income sources include an Internship on my CPT. Is filing ...
2
votes
2answers
611 views

Paying tax when selling software with bitcoin

I am thinking about selling software subscriptions with Bitcoin. I am in the U.S but I am a non resident alien. My income will not be U.S based because I am selling to everyone around the world. Do I ...
1
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1answer
90 views

How to report cryptocurrency fork income involving exchanges?

For forks like BTC → BCH, the general consensus is that BCH is treated as income of the "found money" variety (as opposed to something akin to a stock split) and should be entered on Form 1040 Line 21....
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0answers
45 views

Arbitrage between India and USA [duplicate]

So, I am from India and I am not aware of the red flags mentioned in the process below. My friend who resides in USA purchases Bitcoin or any other crypto-currency and transfers me to my wallet in an ...
1
vote
2answers
502 views

US Tax on cryptocurrency (Bitcoin and other altcoin) investments for Non-resident Alien student

I'm an non-resident alien student (on F-1 Student Visa) in the US. Starting in 2017, I invested in Bitcoin and other cryptocurrencies last year in the US via Coinbase.com. I'm holding on to most of ...
2
votes
1answer
139 views

Sending Money Out of India

My friend has a situation that he'd like assistance with -- we've looked online for help, but we cannot find clarity. First let me 'set the scene'. Then I'll phrase the question concisely at the end. ...
0
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1answer
45 views

Share price determination

Am new to trading, and just wanted to ask. Am I right in saying that if you have fewer sellers than buyers, or if no one wanted to sell their shares that then the price of said shares would rise? And ...
0
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2answers
39 views

In trading, what will be the ticker market price, ticker top buy and top sell value if order matches with multiple orders?

If a buy order matches with multiple sell orders say 50 orders in one go, then when will the ticker top buy / top sell / market price will change? a) After buy order matches with first sell order? or ...
2
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0answers
246 views

Tax rate of bitcoin trading for non-resident alien

I'm an international student holding F1 visa in the states. I find information on the IRS page which says non-resident aliens are subject to 30 percent flat rate for capital gains. Does this rate ...
4
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2answers
383 views

Why do Ethereum and Bitcoin have very similar charts?

I have noticed today that Bitcoin (BTC) and Ethereum (ETH) charts look almost the same. Why are they so correlated?
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1answer
70 views

L1 Visa US to India (and vice versa) transaction tax implications for Wire transfer and Cryptocurrencies?

My brother is moving to the United States with an L1 visa. What would be the tax implications for me and for my brother in the following scenario 1- I send $3000 as outward remittance to his account ...
2
votes
0answers
138 views

Should non-citizens pay gift tax for sending bitcoin to non-citizen living abroad?

I am non-us citizen (an international student) but resident alien for tax purposes. If I send my bitcoins to my family living abroad, should I pay the gift tax? I read articles but they say 'us ...
0
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0answers
1k views

Can Someone Explain Bitmex Fees?

https://www.bitmex.com/app/fees Under Swap product column Ticker - Bitcoin its says Maker Fee -0.0250% Taker Fee 0.0750% Exclude Long/short Funding for a while So what's the real % fees here? (...
2
votes
1answer
195 views

Tax impact of receiving a bank transfer and making a purchase for a friend?

I have a permanent residency in Australia, and I have a bank account there. A friend asked me if he can transfer money to my account and then I send it to a bitcoin exchange that he wants to work with....
2
votes
1answer
277 views

How can I start trading in cryptocurrency when none of the trading sites support the banks in my country?

I live in Jordan, and-unfortunately-none of the trading sites support banks in my country. So I can neither use CC, nor direct money transfer. Do you happen to know a workaround for my situation?
2
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3answers
388 views

Several questions on Bitcoin futures

I have been reading news on crypto-currencies. As a developer, I understand well how Bitcoin works. I also have a basic understanding of finance in general and stocks in particular. I understand how ...
2
votes
1answer
300 views

How to account for digital currencies in a double ledger book

I put my personal finance records in GnuCash and I would like to understand how to best account for digital currency transactions. My book is for tracking EUR transactions. Scenario 1: I hold 1 BTC ...
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2answers
340 views

How can I speculatively invest $1000 in (micro)bitcoin? [closed]

How can I invest $1000 it micro-bit-coins, or whatever they are called?
1
vote
1answer
386 views

Alt coin taxes - bitcointax calculated an outrageous number!

I invested 18K USD in alt coins mostly using my USD to buy bitcoin since the beginning of the year. I managed to take out my capital of 18K. And my current holdings were at 17K USD worth of BTC 3 ...
4
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0answers
367 views

How do I short bitcoins? [closed]

Canadian investor looking to short this bitcoin surge. Are there any methods one might use (perhaps with options trading) to short bitcoins (either in Canada or US)? I'm not asking for specific ...
75
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6answers
13k views

Why has bitcoin gained so much in the past year?

Over the past year, the value of bitcoin has gone from 1030.82 USD on 3 Jan 2017 to 10755.89 USD today. That's a price increase of 1000%. I'm only an amateur investor, but in my mind that increase is ...
0
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1answer
434 views

Why would anybody allow somebody else to buy Bitcoins for them? [closed]

Bitcoins can be bought either on exchanges or from marketplaces. The exchanges obviously also use marketplace to get their coins. My question is, why would anybody use exchanges? There are so many ...
0
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0answers
162 views

Brazilian withdrawing Bitcoin gains in South Korea

I'm from Brazil and plan on studying in South Korea with a Student Visa for a few months/years. Let me present you the following situation: Let's say I bought $100k worth of Bitcoin and other ...
1
vote
1answer
110 views

Calculating value of a cryptocurrency portfolio

If I have a number of different cryptocurrencies and their current exchange rate in both bitcoin and USD, would this be true? portfolio balance in bitcoin == portfolio balance in USD / bitcoin to USD ...
2
votes
1answer
2k views

Is buying and selling Bitcoin (and other cryptocurrency) legal for a student on F-1 Visa doing OPT in USA?

I know that trading stocks is allowed for F-1 students in the US as long as income/losses are reported when taxes are done. (Is Stock Trading legal for a student on F-1 Visa in USA?) How about buying ...
1
vote
2answers
454 views

Is Stock Trading legal for a student on F-1 Visa doing CPT in USA?

I'm an international student in US on F1 Visa. I just want to know if how legal is trading stocks on my visa status.I am doing CPT and will be trading with bitcoins. I've found some posts on quora ...
4
votes
1answer
652 views

Taxes on Bitcoin sale in Spain

I have some bitcoins that I bought back in 2012. I am now thinking about buying a house and I'd like to cash in those bitcoins to make the downpayment of the mortgage. I understand I should pay taxes ...
43
votes
3answers
8k views

Tax implications of BTC for Rent

So I'm considering doing a trial run with my tenants and letting them pay some or all of their rent in BTC. My motivations: BTC isn't considered a currency so it's taxed as an asset under capital ...
9
votes
4answers
1k views

Is there any way to reduce the taxes on my capital gains

I made ~100k investing in Bitcoin learned afterward that I needed to pay capital gains taxes on it in the amount of ~23k (via https://bitcoin.tax/). What are my options in terms of not paying so much ...
4
votes
1answer
428 views

What cost basis accounting methods are applicable to virtual currencies?

This year I began doing some small investments in cryptocurrencies (Bitcoin, etc), and turning small profits. I've been tracking my gains under each of the different cost basis accounting methods (...
0
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1answer
213 views

How to buy physical bitcoin in EU (Sweden) [closed]

I want to give a person one bitcoin in real life, preferably as a physical coin and not as a paper or a digital contract. IIUC it is possible somewhere to buy a physical bitcoin which is like a real ...
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votes
1answer
288 views

Should I sell my cryptocurrency and start trading again? Or wait until the price comes up? [closed]

I am troubled if I should sell my altcoins and start trading again or to just wait for a long term return for that value. Guys what do you think? I am just new to trading any advice would be a huge ...
0
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1answer
77 views

Is percentage of one owning the total money equivalent to that of total wealth? [closed]

Just a hypothesis: at a certain instance(so no inflation or deflation concerns), within a single economic entity, if one owns half of the money, does it mean he also owns half of the total wealth? I ...