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Re: Bitcoin: So at the end of the day, is it worth it?
Posted: Thu Feb 29, 2024 8:36 pm
by Yutaka2024
crypto has been around for about 15 years; with bitcoin etf approved and blackrock and fidelit buying 500 million a day; and the block size getting cut in half in less than two months. Its not hard to imagine this perfect storm is coming together.
Re: Bitcoin: So at the end of the day, is it worth it?
Posted: Mon Mar 04, 2024 1:46 pm
by Yutaka2024
I want to wish every one luck holding bitcoin as part of their portfolio; this maybe a wild ride with the institutional money coming in
Re: Bitcoin: So at the end of the day, is it worth it?
Posted: Thu Mar 07, 2024 1:30 am
by Yatsushiro2
All I can say is, never underestimate where this can all go.
In the very early days of bitcoin, I mined 15 coins with an old PC running a run-of-the-mill AMD video card. Eventually I shut the PC down and forgot about bitcoin for a few years. Then one day I noticed bitcoin was worth $900 each and I was completely blown away. I sold them within days, paid off a bit of debt and bought a hot tub.
I would sure prefer to have 15 bitcoins now.
Re: Bitcoin: So at the end of the day, is it worth it?
Posted: Thu Mar 07, 2024 6:03 am
by Gulliver
Yatsushiro2 wrote: ↑Thu Mar 07, 2024 1:30 am
…and bought a hot tub…
The 1980s called. They want their hilarious accoutrement back.
Re: Bitcoin: So at the end of the day, is it worth it?
Posted: Thu Mar 07, 2024 8:53 am
by captainspoke
Speaking of the hot tub era, over on one of the japan subreddits someone once made the following comment:
"Golf course memberships were the bitcoin of the 80s."
Re: Bitcoin: So at the end of the day, is it worth it?
Posted: Thu Mar 07, 2024 12:06 pm
by adamu
Even the official English capital gains tax guidance mentions "transfer of golf club memberships" as an example.
https://www.nta.go.jp/english/taxes/ind ... 023/05.pdf
Re: Bitcoin: So at the end of the day, is it worth it?
Posted: Thu Mar 07, 2024 3:14 pm
by Yatsushiro2
Gulliver wrote: ↑Thu Mar 07, 2024 6:03 am
Yatsushiro2 wrote: ↑Thu Mar 07, 2024 1:30 am
…and bought a hot tub…
The 1980s called. They want their hilarious accoutrement back.
It was a completely inadequate substitute for onsen, but our family still enjoyed it for a few years.
Re: Bitcoin: So at the end of the day, is it worth it?
Posted: Tue Mar 12, 2024 6:07 am
by MisterWebber
RetireJapan wrote: ↑Tue Feb 13, 2024 12:37 am
Yutaka2024 wrote: ↑Mon Feb 12, 2024 2:11 pm
I plan to off load it around 100-120k usd.
Just be aware that cryptocurrency profits are taxed as income in Japan, not capital gains, so trading crypto can be very expensive indeed if you make a large profit.
Only if we sell the and take in those profits, right?
Re: Bitcoin: So at the end of the day, is it worth it?
Posted: Tue Mar 12, 2024 7:55 am
by adamu
MisterWebber wrote: ↑Tue Mar 12, 2024 6:07 am
Only if we sell the and take in those profits, right?
Or convert one type of crypto asset to another.
Re: Bitcoin: So at the end of the day, is it worth it?
Posted: Wed Mar 13, 2024 5:31 am
by MisterWebber
adamu wrote: ↑Tue Mar 12, 2024 7:55 am
MisterWebber wrote: ↑Tue Mar 12, 2024 6:07 am
Only if we sell the and take in those profits, right?
Or convert one type of crypto asset to another.
Ahh, I see. That's good to know. Thank you!