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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2
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1answer
312 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 ...
-2
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0answers
88 views

Someone told me they would transfer money to my bank acc though his bitcoin wallet [duplicate]

Someone told me that they would transfer 2500 everyday to my bank account, he said hes a bitcoin miner and hes sending it from his bitcoin wallet, he needs my log in info for my banking app and says ...
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1answer
89 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 ...
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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 ...
2
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1answer
3k views

How do I declare my profits in binary options while paying income tax?

I'm from India and have been trading in binary options for a while now, and have made some profit which I will be withdrawing through an e-wallet (Skrill/Neteller). Under what section do I declare my ...
1
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1answer
459 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
14k 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
118 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
42 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
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1answer
69 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
228 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 ...
10
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2answers
1k views

How To Report Cryptocurrency Earnings?

I invested in a decentralized bitcoin business and earned about BTC 0.4 this year in interest from it, but there is no official business - it's purely autonomous (very hard to explain). I also "mined"...
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1answer
185 views

Tax implications of virtual currency that cannot be exchanged for money

Backstory: Over the past two years, I've been in an ongoing battle with a phone provider over a promotion they failed to honor in a reasonable amount of time. I had posted a few questions on the Law ...
4
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1answer
1k views

Is avoiding fees commonly found with CFD trading possible?

I'd like to push my trading experience a bit. I've been looking into opening an account with a broker that offers automated trading (I'm a programmer and would like to use my own trading algorithms). ...
1
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1answer
60 views

Question about order [closed]

If I put in an order in an exchange to sell 10 bitcoins for 360 euro each. Does the exchange try to find a buyer for specifically 10 bitcoins for exactly 360 euro. Or can it sell 0.1 bitcoins for 36 ...
1
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1answer
281 views

How is the value of (crypto)currencies determined?

My question concerns the valuation of currencies (specifically cryptocurrencies such as bitcoin). I understand that at any given point there may be people looking to sell currencies, the lowest of ...
7
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3answers
924 views

The proper term for a third party economy [closed]

A friend of mine asked me whether something odd was going on, including the following picture: Basically, the companies listed (Bitcoin, Uber, Facebook, Alibaba and Airbnb) sell a service in a market ...
-4
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1answer
123 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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2answers
124 views

Transparent way to create a money pool

Let's say I want to raise money for a project, and I want my investors to know the number of contributions and their amount. Obviously I can't give my bank or payment processor credentials (psw). This ...
3
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1answer
290 views

Buying cryptocurrency for a friend at exchange

Registering and buying currency (bitcoin) at an exchange is not a smooth experience for most. If I am registered at an exchange, can I buy for people (friends and family)? I think it might involve ...
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2answers
72 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 ...
3
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2answers
653 views

how to withdraw Paypal USD in the United States when I'm on holiday

I've some US dollars in my Irish Paypal account that I want to withdraw when I visit New York on a tourist visa in a month. Is there anyway I can do it direct from Paypal to dollars over there and ...
0
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1answer
59 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 ...
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2answers
161 views

What is the the most profitable way of transferring euro to usd in the states? [duplicate]

What is the the most profitable way of transferring euro to usd in the states. First answer it by bank transfer. I guess there would be a lot of fees. Another way i guess is through bitcoin since it ...
3
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1answer
905 views

Rebalancing a portfolio

Quick question on rebalancing a portfolio. Let's say that 10% of my portfolio is in something really speculative such as bitcoin (speculative for me at least)...now I've said to myself that I'm only ...
2
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2answers
125 views

What's the problem with simple EMA-crossover strategies?

I'm looking at charts of bitcoin here: https://bitcoinwisdom.com/markets/kraken/btceur with the option of displaying a short term as well as a long term EMA. It seems to me that if I were to buy ...
3
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3answers
3k views

Methods for forecasting price?

I've been having a really fun time building a site about pricing in my spare time. Here are a few example pages: http://www.settingprice.com/services/14/price-of-electricity/ http://www.settingprice....
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1answer
280 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 ...
5
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2answers
19k views

How to get money from bangladesh

The situation Recently we sold some property in Bangladesh. It gained a nice sum of money, but now we are a bit stuck on how to get it out. We can be flexible but prefer to transfer it to a west ...
5
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1answer
2k views

Bike to Nigeria

I have listed my bike on sale on Polish site (so expected audience are Poles only). One guy contacted me that he wants to buy bike and I should send it to Nigeria. At this point, I have instantly ...
3
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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 ...
2
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1answer
123 views

Income At the Sell or Reception?

See this from the IRS: The character of gain or loss from the sale or exchange of virtual currency depends on whether the virtual currency is a capital asset in the hands of the taxpayer. Scenario ...
7
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1answer
450 views

Assuming 1031 Doesn't Apply To Cryptocurrency Trading

See this relevant link for a brief synopsis of what 1031 is in relation to cryptocurrencies. For the sake of this question, let's assume that 1031 does not apply at all, meaning that every trade from ...
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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3answers
459 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 ...
3
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1answer
236 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 ...
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1answer
802 views

Is is possible to take a mortgage using Bitcoin as collateral? [closed]

A few days ago I've asked a "wrong" question: What are the pros and cons of buying in cash and remortgaging vs taking a mortgage right from the start? It wasn't the actual question I wanted to ask. ...
10
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2answers
591 views

Where to categorize crypto-currencies

In Germany, crypto-currencies like Bitcoin are all over the news lately, making me aware of the fact I don't know much about them. A journalistic TV program I was watching yesterday even claimed ...
3
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1answer
174 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
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1answer
3k 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 ...
2
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2answers
261 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.
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-...
1
vote
2answers
826 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 ...
78
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7answers
28k 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
246 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
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1answer
154 views

Yahoo Finance's cryptocurrency volume

What is the definition of "volume" in Yahoo Finance's data on BTC-USD and ETH-USD?
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12answers
36k 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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2answers
315 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 ...
4
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2answers
536 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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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 ...