Crypto Cryptocurrencies.

Discussion in 'Other Asset Classes' started by Steven Ryan, 18th Jun, 2015.

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  1. larrylarry

    larrylarry Well-Known Member

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    Is coinjar the most popular?
     
    larrylarry, 13th May, 2017
    #41
  2. larrylarry

    larrylarry Well-Known Member

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    Just looked at price of 1 coin being $2200!
     
    larrylarry, 13th May, 2017
    #42
  3. Propagate

    Propagate Well-Known Member

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    No idea, I used them as they were one of the few Aussie based ones at the time and their interface was clean and easy.

    Yea, they've rocketed again.
     
    Propagate, 13th May, 2017
    #43
  4. larrylarry

    larrylarry Well-Known Member

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    Paper Wallet is the most secure but it sounded complicated to execute. @hammer what about you? Maybe we should have bitcoin meetup or ETHEREUM meetup.
     
    larrylarry, 15th May, 2017
    #44
  5. Propagate

    Propagate Well-Known Member

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    Yes, but I think you still need to go through an exchange to buy your BC then take them from the exchange into your paper wallet, (and hope you never lose the paper!). If you lose your private key your paper is worthless and the coins lost forever. I've got my 1bc on a paper wallet (somewhere) only I have completely forgotten now how to get it back off the paper and into an exchange should I ever want to cash it in.
     
    Propagate, 16th May, 2017
    #45
  6. Xenia

    Xenia Well-Known Member

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    Bitcoin is going through the roof.
    I like physical silver/gold and property.

    My investing style is not to jump on bandwagons but to build wealth slowly.
     
    Xenia, 16th May, 2017
    #46
  7. larrylarry

    larrylarry Well-Known Member

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    I like Roller Coaster rides! It's been going on for 7 years and a video that I watched is changing my mind... money is only one aspect of how bitcoin is used...there's a lot more to it.
     
    larrylarry, 16th May, 2017
    #47
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  8. larrylarry

    larrylarry Well-Known Member

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    Yes! I think if I choose paper wallet, I think I will run the risk of losing it.
     
    larrylarry, 16th May, 2017
    #48
  9. Steven Ryan

    Steven Ryan Well-Known Member

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    Cashed out 10% of my holdings yesterday at approx $3,000USD = 1BTC (>10x purchase price) .

    Will hold remainder.
     
    Steven Ryan, 13th Jun, 2017
    #49
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  10. Steven Ryan

    Steven Ryan Well-Known Member

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    No words necessary.


    btc.JPG
     
    Steven Ryan, 13th Aug, 2017
    #50
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  11. Gypsy

    Gypsy Member

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    quick question regarding btc and ether when you cash out how does that go with tax purposes do you still have to declare capital gains etc because the only avenue to cash out is through your bank card correct?
     
    Gypsy, 13th Aug, 2017
    #51
  12. magyar

    magyar Well-Known Member

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    Some speculation around bitcoin that it was created by the central banks. Some interesting stuff if you read into it. Still no official explanation on who or where it came from.
     
    magyar, 13th Aug, 2017
    #52
  13. Steven Ryan

    Steven Ryan Well-Known Member

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    From: Tax treatment of crypto-currencies in Australia - specifically bitcoin

     
    Steven Ryan, 14th Aug, 2017
    #53
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  14. Guest

    Guest Guest

    Generally speaking (unless cashing out by making purchases and it's under $10k) CGT would be applicable: Tax treatment of crypto-currencies in Australia - specifically bitcoin

    [Beaten, that's what I get for leaving a window open too long :p]
     
    Guest, 14th Aug, 2017
    #54
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  15. trinity168

    trinity168 Well-Known Member

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    Revisiting - any update as to where the ASX is at with blockchain?
    @Steven Ryan - which platform do you use to buy/sell bitcoin?

    Thanks.

    Admittedly, don't understand half the terminologies but curious at this stage after listening to podcast with Nick Szabo "the quiet master of cryptocurrency"
    The Quiet Master of Cryptocurrency — Nick Szabo
     
    trinity168, 24th Sep, 2017
    #55
  16. Hazey

    Hazey Member

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    Hazey, 27th Sep, 2017
    #56
  17. albanga

    albanga Well-Known Member

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    I have started to dabble ever so lightly in Cypto so thought I would do a search on my trusted property forums.

    Came across this and saw @Steven Ryan was quiet an early adopter. How is your wallet looking these days?

    My brother in-law is very into it and spends most days researching and following. He is heavily invested into IOTA which is where I have some cash now. Of all the cryptos I have looked into I do see it as the most interesting using a different tech to the block chain.
     
    albanga, 15th Nov, 2017
    #57
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  18. Guest

    Guest Guest

    The last crypto I owned was some Bitcoin in 2012 (wish I'd held :D), until buying some IOTA a few days ago. Still early (issues with wallets, etc), but the premise looks good to me. No battle between two different groups in the network (miners vs users) and they appear to be engaging with some major corporates (Bosch, Fujitsu, etc). They've just had some ~$80M (worth of IOTA) released in donated funds to progress development. Feeless transactions using a verification method where all users on the network are equal. I like it's potential. Some light reading for those inclined to understand why it's a blockchain killer (;)):

    https://iota.org/IOTA_Whitepaper.pdf

    http://iota.org/simulation_tangle-preview.pdf

    Decentralised cryptocurrency is dead – deviota – Medium

    Read the intro of the first two even if you don't understand all the technical sections.
     
    Guest, 15th Nov, 2017
    #58
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  19. Ouga

    Ouga Well-Known Member

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    Which exchange are you using Guest ?
     
    Last edited by a moderator: 10th Oct, 2021
    Ouga, 15th Nov, 2017
    #59
  20. Guest

    Guest Guest

    CoinSpot.

    I am leaving my IOTA in the exchange wallet for now due to some of the wallet issues this crypto has experienced (hopefully doesn't end up being a mistake).
     
    Last edited by a moderator: 10th Oct, 2021
    Guest, 15th Nov, 2017
    #60
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