Questions tagged [bitcoin]

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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1answer
119 views

Invested 600 , now cot is required to release payments

I invested 300 with this company Called CRYPTOPAIDOPTIONS and Option Flix. My concern is they are asking for cot to be sent to them before sending my payout . While another company name Alis Capital ...
0
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0answers
23 views

Factors and methods for predicting Virtual Currencies trends [closed]

Which are the main factors and methods for predicting the curve behavior and trends of Virtual Currencies (bitcoin, dogecoin, ethereum)?
2
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1answer
320 views

Bitcoin sugar daddy — is it a scam? [duplicate]

A guy on Instagram wants to be my sugar daddy and send me money through bitcoin. We've only been talking for about a week and he hasn't asked for any of my info. He just asked to sign up for a ...
3
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1answer
117 views

How are the earnings of a Crypto Interest Account taxed?

I have some bitcoin in an interest saving account. I am not sure if I have to consider the interest earned as Tax on Savings Interests (which does not mention anything related to crypto) or ...
-1
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2answers
263 views

How could I trust on bitcoin investment websites such as Amfeix

I have come across this investment site amfeixportal.com, they provide me with a wallet and I have tested that with a small amount. So far they have deposited logical interest rates to my account, but ...
60
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6answers
19k views

Is it legal to photograph and test ATMs?

Some online company asked me do a job like this We have a special task for you! Our analyst department collects information regarding Bitcoin ATMs across different states and cities. In most ...
3
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1answer
740 views

Sugar daddy bitcoin scam? [duplicate]

I met a sugar daddy online who claims he cannot use cashapp or paypal to compensate me and can only use bitcoins. I made a coinbase account and now he is asking for my coinbase login so he can "load ...
1
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1answer
141 views

Involuntary Account Closure due to Suspicious Activity (AKA BTC transactions)…When will I receive the funds from account closure?

I've been banking with U.S. Bank for about a year and a half. Around the beginning of January, I noticed some strange activity as it pertained to my U.S. Bank checking account. I often utilize Zelle ...
0
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0answers
36 views

Amending tax return to change cost basis of digital assets

I want to know if I can file an amended tax return to change the cost basis for cryptocurrency sold in 2018 ? I've used form 8949 prepared by a CPA to file my crypto related gains for 2017 and 2018 ...
-1
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2answers
281 views

How do stocks work? (Cryptocurrency analogy) [closed]

I come from a cryptocurrency background (Bitcoin etc.). I have no idea how stocks work and how to invest into stocks. In cryptocurrencies for example, I am in full control my assets (private key) and ...
0
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3answers
2k views

Sugar daddy allowance with Bitcoin [duplicate]

I met guys online as sugar daddies without sugar. I have never given my bank password but some guys request that I buy Google Play gift cards and I answered I wouldn’t use my cash for it. The guy said ...
2
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1answer
339 views

Can I cash out Bitcoin without proof of provenance?

I have around 25 BTC from back when Bitcoin was around 10$ or lower. At the time, a friend sent them to me and I never thought they would ever be worth much. Since that time, I've moved them around ...
1
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1answer
466 views

BITCOIN: on a chart what does it mean for the USD price to be higher then marketcap?

I'm looking at this chart and i don't rely understand why the USD price is at times lower and at times higher then the market-cap. I would assume they are supposed to go in parallel since they are in ...
47
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9answers
15k views

I believe this to be fraud — hired, then asked to cash check and send cash as Bitcoin

I have been "hired" by Nissan Motor as a key account specialist. My first assignment is to cash two checks that I have received. Both were written by a customer who has already received the engines. ...
3
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1answer
153 views

Should I be reporting bitcoin losses if I did not receive 1099 for it?

I did not receive a 1099K from Coinbase. Should I report capital losses?
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0answers
44 views

Holding Period Algorithms and the Blockchain

According to this interview, taxation holding periods in the United States for cryptocurrency can be determined by FIFO (First In First Out), LIFO (Last In First Out), or a more flexible option called ...
1
vote
1answer
71 views

Lawful Permanent Resident of USA and cryptocurrency tax?

So I have the chance to purchase cryptocurrency from another country through a trusted friend, my questions are: Is this legal activity of any sort, will i be committing fraud? How would this be ...
8
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1answer
263 views

When a stock is replaced in an index, does the ETF incur a net loss?

Suppose I have invested in ETF VOO. This Vanguard ETF tracks the S&P 500. If a stock such as Goodyear (GT) that is contained in the S&P500 gets removed and replaced with another stock such ...
2
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2answers
305 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.
101
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10answers
31k 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. What I don't understand, and I haven't been able to find the answer to, is if ...
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-...
80
votes
7answers
33k 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
390 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
244 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
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1answer
162 views

Yahoo Finance's cryptocurrency volume

What is the definition of "volume" in Yahoo Finance's data on BTC-USD and ETH-USD?
6
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3answers
1k views

Is Bitcoin investing wise? [closed]

Is Bitcoin or any other crytocurrency a wise investment? I have invested a little Bitcoin and Bitcoin Cash. They go up then down and back up. Is another crypto currency better or is this too risky for ...
3
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1answer
4k 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 ...
81
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12answers
40k 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 $...
0
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1answer
60 views

Venturing into Investment Market [closed]

What are some of the noted and best books which cover the basics of Stock market, Forex, Bitcoin investment and other investment concepts and provide expertise and in-depth knowledge of the same? Also ...
1
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2answers
447 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 ...
5
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2answers
1k 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 ...
1
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0answers
130 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
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1answer
249 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 ...
-4
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1answer
131 views

What is the proper strategy for an investor to a fundamentally irrational environment?

In general terms, what's the proper response for an investor who owns an investment that is behaving fundamentally irrationally? I'm thinking of things that are widely regarded as bubbles (Bitcoins, ...
2
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1answer
266 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
163 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 ...
3
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1answer
212 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
668 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 ...
3
votes
0answers
62 views

Are there minimum level of service requirement for stocks trading platforms in the USA?

I'm trying to determine the major differences between how a typical bitcoin trading platform operates and how a traditional stocks trading platform operates. Of biggest concern right now is some ...
1
vote
1answer
103 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....
1
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2answers
952 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
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1answer
162 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. ...
1
vote
2answers
77 views

Create a candlestick chart from past transactions

I have been logging the buy/sell transactions for bitcoin on a specific exchange and I'd like to create a candlestick chart from it. Instinctively, I think I should decide on an time interval and ...
0
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1answer
63 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
47 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
votes
0answers
284 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
620 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?
0
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1answer
100 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
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0answers
156 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 ...
1
vote
1answer
286 views

When is trading between two crypto-currencies pairs favorable when you're interested in overall fiat gains? [closed]

I've been curious about all the crypto trading but there's this one question i've been trying to answer and convince myself one way or the other, and it is something that those who do FOREX trading ...