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Topic: cryptocurrency  (Read 21099 times)

berthabutt

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Re: cryptocurrency
« Reply #45 on: July 27, 2021, 10:43:21 pm »
I'm still with Unique Rewards and they offer this as a payment option.  Should I take it?

oldbuddy

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Re: cryptocurrency
« Reply #46 on: July 28, 2021, 12:58:42 pm »
No I am into my debt card is enough for me...than paypal not as much. I have to keep my life simply or I will go  :BangHead:
Do some reading about all the people (like myself) that were loyal to PayPal for decades only to have them slam the door and steal their money from them with no response to support inquires.

stevensm4

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Re: cryptocurrency
« Reply #47 on: July 28, 2021, 01:22:21 pm »
No I am into my debt card is enough for me...than paypal not as much. I have to keep my life simply or I will go  :BangHead:
Do some reading about all the people (like myself) that were loyal to PayPal for decades only to have them slam the door and steal their money from them with no response to support inquires.
Are you serious? I guess my friend was right not to have an account. Better hurry up and transfer my funds!
"Let me ask you something. If the rule you followed brought you to this, of what use was the rule?"

cateyes1

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Re: cryptocurrency
« Reply #48 on: July 28, 2021, 03:33:58 pm »
What is going on with paypal? I cant seem to get on it

UGetPaid

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Re: cryptocurrency
« Reply #49 on: August 01, 2021, 06:41:36 pm »
I'm still with Unique Rewards and they offer this as a payment option.  Should I take it?
Berthabutt, I have been taking Bitcoin as my payments from Unique Rewards for quite some time. I don't have the exact numbers at the moment, but I have "earned" quite a bit MORE than the value of my cashouts from them simply due to the rise in the value of Bitcoin over the past few years.

mrisha

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Re: cryptocurrency
« Reply #50 on: August 01, 2021, 07:23:46 pm »
I have read some info about it, but not sure if it's sustainable.
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sipingyu

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Re: cryptocurrency
« Reply #51 on: August 02, 2021, 04:59:35 am »
Paypal just recently offered the chance to buy bitcoins in my wallet. The amount needed is modest.

calendria

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Re: cryptocurrency
« Reply #52 on: August 02, 2021, 09:58:17 am »
I'm still with Unique Rewards and they offer this as a payment option.  Should I take it?
Berthabutt, I have been taking Bitcoin as my payments from Unique Rewards for quite some time. I don't have the exact numbers at the moment, but I have "earned" quite a bit MORE than the value of my cashouts from them simply due to the rise in the value of Bitcoin over the past few years.

The IRS has a special line on the 65 and older form for the cryptocurrency.  Just saying.  Probably taxable and they are tracking it this way, I checked "no" on this line.

UGetPaid

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Re: cryptocurrency
« Reply #53 on: August 02, 2021, 03:40:42 pm »
The IRS has a special line on the 65 and older form for the cryptocurrency.  Just saying.  Probably taxable and they are tracking it this way, I checked "no" on this line.


I'm not quite following what you are saying. The increased value is definitely taxable, but it doesn't become a taxable event until I cash it in down the road and convert it from BTC back to USD. To this point, all of the Bitcoin payments I have taken remain in the Bitcoin format.

calendria

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Re: cryptocurrency
« Reply #54 on: August 03, 2021, 03:18:53 pm »
The IRS has a special line on the 65 and older form for the cryptocurrency.  Just saying.  Probably taxable and they are tracking it this way, I checked "no" on this line.


I am saying that the form for 65 and older has a designated line, "did you obtain or trade and cryptocurrency ? "

I'm not quite following what you are saying. The increased value is definitely taxable, but it doesn't become a taxable event until I cash it in down the road and convert it from BTC back to USD. To this point, all of the Bitcoin payments I have taken remain in the Bitcoin format.

calendria

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Re: cryptocurrency
« Reply #55 on: August 03, 2021, 04:20:12 pm »
The IRS has a special line on the 65 and older form for the cryptocurrency.  Just saying.  Probably taxable and they are tracking it this way, I checked "no" on this line.


I am saying that the form for 65 and older has a designated line, "did you obtain or trade and cryptocurrency ? "

I'm not quite following what you are saying. The increased value is definitely taxable, but it doesn't become a taxable event until I cash it in down the road and convert it from BTC back to USD. To this point, all of the Bitcoin payments I have taken remain in the Bitcoin format.


True, the "Tax" isn't in the equation yet, but they will have annual tracking when you enter the amount on the line every year.  the bump comes when you sell and buy the lower priced crypto, then enter USD converted funds total amounts traded on your form.  taxable. trackable.

rachedri

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Re: cryptocurrency
« Reply #56 on: August 19, 2021, 05:38:07 am »
Bitcoin is a digital electronic currency that can be used to pay for various services and goods and exchange between other currencies. That is, it is the same money as dollars and euros. All transactions within the network are commission-free and made using Blockchain technology. Bitcoin value is steadily growing, due to which the currency is in particular demand among investors. The advantage of BTC is that it does not have a single storage center or master. In general, bitcoin is a type of cryptocurrency. It is possible to earn on any cryptocurrency, but it is easier to do it on bitcoin. I recently started investing in vaffatoken.com. I think it will be a good project.
« Last Edit: August 19, 2021, 05:39:53 am by rachedri »

oldbuddy

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Re: cryptocurrency
« Reply #57 on: August 20, 2021, 09:48:42 am »
Bitcoin is a digital electronic currency that can be used to pay for various services and goods and exchange between other currencies. That is, it is the same money as dollars and euros. All transactions within the network are commission-free and made using Blockchain technology. Bitcoin value is steadily growing, due to which the currency is in particular demand among investors. The advantage of BTC is that it does not have a single storage center or master. In general, bitcoin is a type of cryptocurrency. It is possible to earn on any cryptocurrency, but it is easier to do it on bitcoin. I recently started investing in vaffatoken.com. I think it will be a good project.
I purchased some FUN Tokens and doubled my investment in 30 days and it's still growing.., but the trick is to know how to make the system work.

alina6

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Re: cryptocurrency
« Reply #58 on: August 23, 2021, 02:26:24 pm »
want to try and learn it.
What do you want to learn? It's money, just like hundred dollar bills, only it changes value like stocks do. So you learn how to get more (or buy it) and wait for it to increase in value so you can sell it at a profit. It's that simple. The only additional lesson I appreciated learning, is how to get more without spending my hundred dollar bills.
I guess my question is how does it change value like stocks - with stocks you are investing in a company, what exactly are you investing in with cryptocurrency?

Dalillsa

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Re: cryptocurrency
« Reply #59 on: August 23, 2021, 06:23:33 pm »
Besides the fact that you need to buy cryptocurrency, you must take care of how you will keep it safe it in advance. I know there are many crypto wallets, but not all of them are convenient and reliable. Plus, not all of them support the new cryptocurrency. You may have to look for an e wallet app development service so that you can store your crypto in a safe place and use it for online payments.

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