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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136 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 ...
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1answer
332 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 ...
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2answers
292 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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1answer
284 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?
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2answers
868 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 ...
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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 ...
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1answer
160 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. ...
2
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1answer
278 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....
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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 ...
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2answers
134 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 ...
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0answers
276 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 ...
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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 ...
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1answer
465 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 ...
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2answers
445 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 ...
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1answer
288 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 ...
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1answer
117 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 ...
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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 ...
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2answers
165 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 ...
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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 ...
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2answers
881 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 ...
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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 ...
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1answer
134 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 ...
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2answers
73 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 ...
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1answer
283 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 ...
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1answer
102 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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1answer
423 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 ...
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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 ...
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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 ...
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0answers
111 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 ...
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1answer
188 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 ...
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1answer
339 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, ......
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1answer
248 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 ...
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1answer
965 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 ...
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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 ...
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1answer
299 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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2answers
282 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 ...
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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 ...
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1answer
709 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 ...
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2answers
536 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 ...
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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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3answers
159 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 ...
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1answer
62 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 ...
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2answers
46 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 ...
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1answer
412 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 ...
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0answers
33 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 ...
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1answer
94 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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2answers
271 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 ...
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2answers
428 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?
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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?
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1answer
812 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. ...