Bitcoin

[fmyth]

Apparently, an OG Bitcoin whale has just moved 80,000 Bitcoin from cold storage to an exchange.
The expectation is that they are about to sell, flooding the market with 80,000 Bitcoin which may result in price drop if they dump all 80k at once.

BTC trade volume is over 400k per day. someone selling 80k in a day won't make much of a difference.

 

[Dsiv]

Crying that I didn't buy a few in high school when it was first talked about.

 

[MuleDeerMike]

BTC trade volume is over 400k per day. someone selling 80k in a day won't make much of a difference.

80,000 bitcoins, not $80,000 dollars. It was $9.6 billion dollars worth.

 

[Poser]

80,000 bitcoins, not $80,000 dollars. It was $9.6 billion dollars worth.

Its amazing that someone sat on that many coins for that long.

 

[fmyth]

80,000 bitcoins, not $80,000 dollars. It was $9.6 billion dollars worth.

Bitcoins trading volume is around 77 Billion US dollars.

 

[MountainTracker]

GENIUS Act makes immediate impact as JP Morgan looks to allow crypto as collateral for lending

JPMorgan's crypto-backed loan initiative marks a significant turn from CEO Jamie Dimon's previous Bitcoin skepticism.

cryptoslate.com

Seems like those who were against btc are now moving to get on board with btc backed loans. Maybe they just wanted the clarity of the genius act, either way things move fast….


Sent from my iPhone using Tapatalk

 

[Poser]

GENIUS Act makes immediate impact as JP Morgan looks to allow crypto as collateral for lending

JPMorgan's crypto-backed loan initiative marks a significant turn from CEO Jamie Dimon's previous Bitcoin skepticism.

cryptoslate.com

Seems like those who were against btc are now moving to get on board with btc backed loans. Maybe they just wanted the clarity of the genius act, either way things move fast….


Sent from my iPhone using Tapatalk

interesting.

 

[bozeman]

Buckle up, I think it’s finally about to get started……

 

[fmyth]

Another Bank enters the Crypto arena.

PNC enters agreement with Coinbase to create a crypto trading offering for bank customers.

https://www.reuters.com/legal/government/pnc-taps-coinbase-create-crypto-trading-offering-bank-customers-2025-07-22/

 

[Oakman]

invest what you can afford to loose, good luck

 

[Poser]

We've seen this rotation before, but, at the moment, keep a close eye on Ethereum.

https://www.theblock.co/post/363753/spot-bitcoin-etfs-shift-to-outflows

Ethereum ETFs attract $296 million in daily inflows while Bitcoin ETFs register $131 million in outflows

 

[Poser]

Crypto markets topped $4 trillion for the first time

 

[fmyth]

https://twitter.com/x/status/1948063480113705107

 

[Nickofthewoods]

https://twitter.com/x/status/1948063480113705107

Inverse Cramer alert. Time to sell all your bitcoin.

 

[Poser]

Inverse Cramer alert. Time to sell all your bitcoin.

worst news you can get -Jim Cramer is investing in anything you are already in.

 

[Tjdeerslayer37]

Up until now ive only been in btc etfs but recently put my big boy pants on and bought some actual btc and a cold wallet and all that jazz. After going through the coinbase setup and all the tax notices, can someone explain like im 5 what my tax implications are with bitcoin? do i need to claim realized gains when i sell? do i have to claim how much bitcoin i have orrr?

 

[Mighty Mouse]

Up until now ive only been in btc etfs but recently put my big boy pants on and bought some actual btc and a cold wallet and all that jazz. After going through the coinbase setup and all the tax notices, can someone explain like im 5 what my tax implications are with bitcoin? do i need to claim realized gains when i sell? do i have to claim how much bitcoin i have orrr?

It’s taxed pretty much the same as stocks. You owe tax when you sell and realize a gain. Long term capital gain rate will apply if you held it for more than a year, short term rate applies otherwise. Coinbase will send you a year end gain/loss statement for any transactions conducted on their platform.

 

[Tjdeerslayer37]

It’s taxed pretty much the same as stocks. You owe tax when you sell and realize a gain. Long term capital gain rate will apply if you held it for more than a year, short term rate applies otherwise. Coinbase will send you a year end gain/loss statement for any transactions conducted on their platform.

Awesome, thanks!

 

[Poser]

It’s taxed pretty much the same as stocks. You owe tax when you sell and realize a gain. Long term capital gain rate will apply if you held it for more than a year, short term rate applies otherwise. Coinbase will send you a year end gain/loss statement for any transactions conducted on their platform.

If you use TurboTax, most of the platforms will sync with the tax software, if you allow it, and you won't have to do any manual inputs.