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Dec 30th, 2023
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 Re: Bit Coin^^^^^^^^^^^
[Re: T Bird]
#13836482
01/07/21 08:49 PM
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Joined: Aug 2015
Posts: 3,987
Pintail711
TFF Team Angler
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TFF Team Angler
Joined: Aug 2015
Posts: 3,987 |
Hope y’all ain’t left bag holding.
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Re: Bit Coin^^^^^^^^^^^
[Re: T Bird]
#13836541
01/07/21 09:29 PM
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Joined: Mar 2008
Posts: 61,822
LoneStarSon
Private Dancer
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Private Dancer
Joined: Mar 2008
Posts: 61,822 |
Since I am an olds, just how do you purchase groceries or a tank of gas with a $40,000.00 Bit Coin? Do they give you back $39,950.00 worth of change or credit? PayPal and some other online retailers are going to start taking it. It's only a matter of time before card readers will start accepting it. You can use PayPal to buy it. I threw $20 at it. Yep, I'm a BIG spender....
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Re: Bit Coin^^^^^^^^^^^
[Re: stuntmandave]
#13836610
01/07/21 10:13 PM
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Joined: Jul 2011
Posts: 9,268
the skipper
TFF Celebrity
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TFF Celebrity
Joined: Jul 2011
Posts: 9,268 |
When I worked as a services stockbroker we had a bunch of young guys in college that would call in. They were all pumped when bitcoin broke 14k, opened up as many credit cards as they could (when you could buy bitcoin on credit) and maxed them all out.... then less than a year later it was under 4k. Plus govt. still has to get their piece, I know it hasn't been regulated but if you think the govt. isn't going to regulate gains on this you're kidding yourself... Hopefully the kids didn't panic and sell out, seems to happen a lot. Its regulated. You have to pay taxes on trades
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Re: Bit Coin^^^^^^^^^^^
[Re: Oldrabbit]
#13836627
01/07/21 10:23 PM
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Joined: Oct 2000
Posts: 23,789
J.P. Greeson
the janitor
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the janitor
Joined: Oct 2000
Posts: 23,789 |
Since I am an olds, just how do you purchase groceries or a tank of gas with a $40,000.00 Bit Coin? Do they give you back $39,950.00 worth of change or credit? Currently, it's more of an investment than a currency. Most grocery stores don't accept gold. If you want groceries, you sell your gold and get some cash. If you need to dip into your Bitcoin to buy groceries, you simply sell it on an exchange where you have an account and move the money into your banking account. Eventually, Bitcoin exchanges will offer debit and credit cards so you can spend your satoshis (or dollars) anywhere just like any other card.
The solution to any problem - work, love, money, whatever - is to go fishing, and the worse the problem, the longer the trip should be. --John Gierach ![[Linked Image]](https://texasfishingforum.com/forums/pics/userpics/2019/09/full-13-25328-gco.jpg)
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Re: Bit Coin^^^^^^^^^^^
[Re: T Bird]
#13836641
01/07/21 10:36 PM
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Joined: Jan 2005
Posts: 164
oldjer
Outdoorsman
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Outdoorsman
Joined: Jan 2005
Posts: 164 |
You don't have to sell the whole Bitcoin. You can sell any percent you want
depending on what amount of cash you need. That goes the same for buying it.
Last edited by oldjer; 01/07/21 10:38 PM.
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Re: Bit Coin^^^^^^^^^^^
[Re: J.P. Greeson]
#13836646
01/07/21 10:41 PM
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Joined: Oct 2007
Posts: 10,450
Jons3825
~Mod Alert~
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~Mod Alert~
Joined: Oct 2007
Posts: 10,450 |
Since I am an olds, just how do you purchase groceries or a tank of gas with a $40,000.00 Bit Coin? Do they give you back $39,950.00 worth of change or credit? Currently, it's more of an investment than a currency. Most grocery stores don't accept gold. If you want groceries, you sell your gold and get some cash. If you need to dip into your Bitcoin to buy groceries, you simply sell it on an exchange where you have an account and move the money into your banking account. Eventually, Bitcoin exchanges will offer debit and credit cards so you can spend your satoshis (or dollars) anywhere just like any other card. Robinhood already does this. You can sell stocks, options, or cryptos and have the money into your account on there, they issue you a card linked to that account and it works like a debit card.
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Re: Bit Coin^^^^^^^^^^^
[Re: the skipper]
#13836649
01/07/21 10:42 PM
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Joined: Nov 2014
Posts: 1,883
stuntmandave
Extreme Angler
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Extreme Angler
Joined: Nov 2014
Posts: 1,883 |
When I worked as a services stockbroker we had a bunch of young guys in college that would call in. They were all pumped when bitcoin broke 14k, opened up as many credit cards as they could (when you could buy bitcoin on credit) and maxed them all out.... then less than a year later it was under 4k. Plus govt. still has to get their piece, I know it hasn't been regulated but if you think the govt. isn't going to regulate gains on this you're kidding yourself... Hopefully the kids didn't panic and sell out, seems to happen a lot. Its regulated. You have to pay taxes on trades When did this go into effect? Are they counting losses as well for tax purposes?
Challenge Accepted. 1st ID 1/26 Infantry OEF XI ![[Linked Image]](http://i1171.photobucket.com/albums/r557/stuntmandave126/1-26_zpsz9yswmb5.gif)
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Re: Bit Coin^^^^^^^^^^^
[Re: J.P. Greeson]
#13836667
01/07/21 10:55 PM
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Joined: Aug 2002
Posts: 2,739
pacertom
Extreme Angler
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Extreme Angler
Joined: Aug 2002
Posts: 2,739 |
Since I am an olds, just how do you purchase groceries or a tank of gas with a $40,000.00 Bit Coin? Do they give you back $39,950.00 worth of change or credit? Currently, it's more of an investment than a currency. Most grocery stores don't accept gold. If you want groceries, you sell your gold and get some cash. If you need to dip into your Bitcoin to buy groceries, you simply sell it on an exchange where you have an account and move the money into your banking account. Eventually, Bitcoin exchanges will offer debit and credit cards so you can spend your satoshis (or dollars) anywhere just like any other card. The BTC cards are already out there.... Visa has a division dedicated to digital Here's the CB card - https://blog.coinbase.com/coinbase-card-launches-in-the-us-8608e72cd0b5
A MAN WILL NEVER GO TO HIS GRAVE WISHING HE'D FISHED LESS!!
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Re: Bit Coin^^^^^^^^^^^
[Re: stuntmandave]
#13836670
01/07/21 10:58 PM
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Joined: Aug 2002
Posts: 2,739
pacertom
Extreme Angler
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Extreme Angler
Joined: Aug 2002
Posts: 2,739 |
When I worked as a services stockbroker we had a bunch of young guys in college that would call in. They were all pumped when bitcoin broke 14k, opened up as many credit cards as they could (when you could buy bitcoin on credit) and maxed them all out.... then less than a year later it was under 4k. Plus govt. still has to get their piece, I know it hasn't been regulated but if you think the govt. isn't going to regulate gains on this you're kidding yourself... Hopefully the kids didn't panic and sell out, seems to happen a lot. Its regulated. You have to pay taxes on trades When did this go into effect? Are they counting losses as well for tax purposes? Yes, just like your annual stock gains/losses, its part of your return. I'll have an offset this year but next year is going to be a big IRS check assuming I sell some holdings (which I plan on doing).
A MAN WILL NEVER GO TO HIS GRAVE WISHING HE'D FISHED LESS!!
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Re: Bit Coin^^^^^^^^^^^
[Re: T Bird]
#13836688
01/07/21 11:13 PM
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Joined: Dec 2007
Posts: 17,687
bloo_rainger
TFF Guru
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TFF Guru
Joined: Dec 2007
Posts: 17,687 |
It’s the biggest Ponzi scheme ever....
ALL HAIL TRUMP
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Re: Bit Coin^^^^^^^^^^^
[Re: T Bird]
#13836708
01/07/21 11:26 PM
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Joined: Feb 2005
Posts: 4,707
Big Possum
TFF Team Angler
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TFF Team Angler
Joined: Feb 2005
Posts: 4,707 |
Will it fit in my piggy bank?
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Re: Bit Coin^^^^^^^^^^^
[Re: pacertom]
#13836711
01/07/21 11:28 PM
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Joined: Oct 2000
Posts: 23,789
J.P. Greeson
the janitor
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the janitor
Joined: Oct 2000
Posts: 23,789 |
Since I am an olds, just how do you purchase groceries or a tank of gas with a $40,000.00 Bit Coin? Do they give you back $39,950.00 worth of change or credit? Currently, it's more of an investment than a currency. Most grocery stores don't accept gold. If you want groceries, you sell your gold and get some cash. If you need to dip into your Bitcoin to buy groceries, you simply sell it on an exchange where you have an account and move the money into your banking account. Eventually, Bitcoin exchanges will offer debit and credit cards so you can spend your satoshis (or dollars) anywhere just like any other card. The BTC cards are already out there.... Visa has a division dedicated to digital Here's the CB card - https://blog.coinbase.com/coinbase-card-launches-in-the-us-8608e72cd0b5 Cool, I hadn't seen the new coinbase card.
The solution to any problem - work, love, money, whatever - is to go fishing, and the worse the problem, the longer the trip should be. --John Gierach
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Re: Bit Coin^^^^^^^^^^^
[Re: T Bird]
#13836716
01/07/21 11:30 PM
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Joined: Jul 2006
Posts: 51,987
RATZ
Activity Coordinator
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Activity Coordinator
Joined: Jul 2006
Posts: 51,987 |
I saw a gas station in Alvrado with a sign they sell bitcoin. Now that gives me more trust in it
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Re: Bit Coin^^^^^^^^^^^
[Re: RATZ]
#13836769
01/08/21 12:00 AM
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Joined: Nov 2014
Posts: 1,883
stuntmandave
Extreme Angler
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Extreme Angler
Joined: Nov 2014
Posts: 1,883 |
I saw a gas station in Alvrado with a sign they sell bitcoin. Now that gives me more trust in it 
Challenge Accepted. 1st ID 1/26 Infantry OEF XI
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Re: Bit Coin^^^^^^^^^^^
[Re: bloo_rainger]
#13836904
01/08/21 01:22 AM
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Joined: Aug 2015
Posts: 3,987
Pintail711
TFF Team Angler
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TFF Team Angler
Joined: Aug 2015
Posts: 3,987 |
It’s the biggest Ponzi scheme ever.... Yep. People in this forum will loose a lot of money. Ching Chong’s hidden treasure.
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