Thursday, March 14, 2024
Analyst warns Bitcoin approaching 'Danger Zone' preceding halving events #News #Bitcoin #cryptocurrency #BTC #Grafa
Bitcoin loan and tax
Crypto tax is complicated and I have a question about taxable event when borrowing fiat against your bitcoin.
Say you have bitcoin. In the US, you have to pay tax when you sell bitcoin. Selling BTC at exchange to buy a house, you will be due for capital gains tax.
Suppose you are buying a house and you take loan with your bitcoin as collateral. Now you have loan and negative balance on your credit. You pay off your loan by selling small amounts of BTC over many years. In this case, how do you get taxed differently than when you sell at exchange to pay for your house?
Bitcoin Miami
For those of you who have previously attended bitcoin Miami is the experience worth it? Me and my friend are considering going but we are out of the country and plane tickets + accommodation, food, tickets for event etc would be a couple grand.
Our reason for going is to finally meet people who are into bitcoin and hopefully do some networking and to learn more from talking with people who know much more than we do (we are from small town where the first thing any kid does when he gets some money is buys a big truck they really don’t need) But we are unsure if that couple grand is better in bitcoin or using it to go to bitcoin Miami. (Although we both have a decent stack a few grand is still a good sum of money to us.)
Any responses appreciated.
5000$ in Krypto, hilfe?
Mein Vater leiht mir 5000$, die ich in Krypto investieren kann. Er erwartet von mir, dass ich ihm die 5000$ bald zurückzahle, allerdings hat er kein genaues Datum genannt, aber ich denke, irgendwann am Ende des Jahres. Das bedeutet, dass ich den Gewinn behalten darf oder ihm die Verluste von meinem eigenen Geld auszahlen muss. Was sollte ich eurer Meinung nach mit diesem Geld tun? Soll ich 5000$ in Bitcoin investieren, es zwischen BTC und ETH aufteilen, oder in 3 Coins investieren und entweder Solana oder Cardano noch dazu einbinden. Außerdem denkt ihr, ich sollte in den nächsten 2 Wochen kaufen oder warten, bis bitcoin fällt nach dem halving event und dann kaufen, oder wird es zu spät sein, um etwas Gewinn zu machen?