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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
3k 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 ...
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2answers
726 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
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1answer
730 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
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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
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4answers
2k 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
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1answer
582 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 (...
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 ...
0
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1answer
295 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 ...
2
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1answer
4k 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 ...
0
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1answer
81 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 ...
9
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3answers
1k views

Will a BitCoin purchase be affected by GBP->EUR pre-exchange

I live in the UK, and am trying to find a site that allows purchase of BitCoin using GBP; our local currency. Of all the sites I've tried so far, even though they provide flashing banners saying 1 ...
-1
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1answer
803 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. ...
0
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1answer
409 views

Can a smart contract work based on fiat currency? [closed]

Can a smart contract work based on fiat currency? What kind of transactions can be facilitated by smart contracts? are they only open to electronic goods, or can transactions of physical goods also be ...
178
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6answers
40k views

Found a heap of BTC but have no documentation. What do I do?

Many years ago, I bought around 400 BTC for a few hundred dollars (?) and stored them in a hard drive. Shortly after that, I lost this hard drive, wrote it off as an "Oh well" and didn't think ...
17
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2answers
6k views

Bringing bitcoin into US, what taxes should I expect?

My friend owns roughly $1M USD worth of Bitcoin. These coins are sitting on a (backed up and encrypted) hard drive in Brasil. He bought these coins legitimately, and has the paper trail to prove it. ...
-1
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2answers
310 views

bitcoin, is there any starting amount? [closed]

There is some kind of input how bitcoin is start (offer). Is bitcoin is depends on how much we 'invest' so we get different 'amount' in return?
1
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1answer
324 views

Why would you want to be a taker in a maker/taker exchange?

Take the following example: On a cryptocurrency exchange with a maker/taker fee structure, the buys are listed as 1.030000 btc - $ 2103.89, 409.2138 btc - $ 2103.67, 44.23384 btc - $ 2103.53, ......
-2
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1answer
466 views

Why dont people in foreign countries buy bitcoins directly from USA

I had a query related to buying and selling bitcoins from a foreign country like India where bitcoins can be bought locally now. I was wondering why people in India buy bitcoins locally through the ...
1
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1answer
284 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 ...
1
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1answer
2k views

What is the 'period' defined as for trading indicators?

I see SMA5, SMA50, EMA13 etc.. but it's not obvious what the "period" over which these averages are taken. If I have a graph showing last 24 hours of data and select SMA20, does it average the last ...
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 ...
1
vote
1answer
232 views

Can I be taxed for receiving money from one bank to another?

I will be cashing out 10k+ worth of Bitcoin soon, this could mean I end up selling it and having several people send me FIAT to my bank account. Do I become liable to tax in this case? I am not being ...
3
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2answers
729 views

For bitcoin, can I use specific lots instead of FIFO for IRS capital gains tax calculation?

I would like to start using specific lots, rather than FIFO, for my capital gains tax calculation as it relates to bitcoin holdings. If I sent coins to a specific wallet setup for the express ...
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 ...
3
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2answers
122 views

Capital Gains Puzzle

Assume there are two like-kind capital assets: A and B. Neither A nor B have ever been traded for dollars or any other currency prior to Day 1, and hence have no established market value. ...
0
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1answer
699 views

Australian superannuation funds holding bitcoin? [closed]

I'd like to move some of my Australian superannuation into a fund which allows investing in cryptocurrencies such as bitcoin. Do any such funds exist? If no, how would I minimise the auditing fees ...
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"...
2
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2answers
1k views

Tax On Unsold Mined Bitcoin

US Tax Question Suppose that John Doe mines 100 bitcoin at $0.11 each ($11) and doesn't sell them, but keeps them in a wallet. Does he pay taxes the year he mined them at the price he mined them for,...
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 ...
2
votes
2answers
128 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 ...
0
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4answers
1k views

Are stocks always able to be bought and sold at market price?

I have a lot of experience with the Bitcoin industry, but little experience with the Stock Market. In the bitcoin industry, when you want to buy/sell, you have to put out a market order on whatever ...
3
votes
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
126 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 ...
1
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1answer
61 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
votes
1answer
187 views

How to avoid maintenance fee when balance drops below minimum?

Looking for a way to, in the event of a purchase dropping my balance below the minimum daily balance (MDB) with no way to bring it above the MDB before the end of the day, make 6 point of sale (POS) ...
3
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2answers
401 views

Bitcoin Cost Basis Purchases

Suppose that a client purchases 10 BTC over a price range of $180 to $290 and transacts twice with his BTC for a total purchase of 2.7BTC. Two questions: Based on this, the IRS taxes bitcoin like ...
3
votes
2answers
658 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 ...
1
vote
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 ...
-1
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1answer
198 views

Virtual currency investment

Let's suppose I have some ammount of money in virtual wallet like Paypal or Bitcoin. Are there ever any systems or institutions which would enable one to invest virtual currency, for example, loan at ...
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 ...
6
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1answer
352 views

What's the proper way to calculate ROI per year given the ROI for a period of time?

I'm trying to figure out what would be my yearly ROI if I know my ROI for a given period of time. On May 1st, I started invested 8.82 BTC in loans on BitLendingClub and now (August 6th) I have 9.33 ...
4
votes
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). ...
4
votes
3answers
487 views

Do I need to report to FInCEN if I had greater than $10,000 worth of bitcoin in a foreign bitcoin exchange?

I have heard that FinCEN requires people in the U.S. to report foreign financial accounts with greater than $10,000 in them. This is the FBAR if I'm not mistaken. Do I need to report to FInCEN if I ...
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3answers
894 views

Is Bitcoin a commodity or a currency [duplicate]

Bitcoin can be classified as a currency as it can be used as an medium of exchange or classified as an commodity given its speculative and volatile nature. What should we classify Bitcoin as ??
0
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2answers
533 views

Micro-Investing vs. cryptocurrencies vs. Forex trading

i am a student with a small monthly income. i wan to take about 20-10 % of it for a medium-risk investment , and i was wondering what would be the best option. my personal banker does not have an ...
3
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2answers
1k views

Do UK tax rules allow you to hold Bitcoin in a SIPP?

Do United Kingdom tax rules allow you to hold Bitcoin in a self-invested pension plan?
10
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2answers
629 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 ...
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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....
7
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2answers
184 views

Taxation from variations in currency

Assuming: I am a UK tax payer I live in the UK Assume I sell a good online, for $100. One payment method I accept is Bitcoins. Bitcoins at the moment are extremely volatile, it wouldn't surprise ...
11
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3answers
2k views

When and how should I pay taxes on ForEx trades?

I am an Israeli citizen. I've bought BitCoin (let us agree for the sake of discussion it is a currency) using US dollars. Let's also assume I never convert the bitcoins to any other currency (but ...