Sentences with phrase «held those bitcoins for»

If you held the bitcoin for a year or less, this is a short - term gain so it's taxed as ordinary income according to your tax bracket.

If you held the bitcoin for longer than a year, it's a long - term gain taxed at a rate of either 0, 15 or 20 percent depending on your overall income.

Thus, individuals pay taxes at a rate lower than the ordinary income tax rate if they have held the bitcoins for more than a year.

Because the exchange holds your bitcoin for you, it works a lot like a bank holding your money.

In the Lightning Network, users and payment processors will need to hold bitcoins for weeks or months.

«For those people that want to buy and hold BTC for the long term, this attractively high investment yield can provide a sort of «buffer» against unfavorable decrease in BTC value vs other currencies or assets and perhaps make the spot currency market volatility a little less painful for those that are holding bitcoin for the future.»

That's the issue that investors should ask if they're holding Bitcoins for a couple of months,» he added to CNBC.

That's the issue that investors should ask if they're holding bitcoins for a couple of months,» he said.

As one would guess, the buy - and - hold crowd intends to hold their bitcoin for a long period of time, but if you're a speculator, you could want to get rid of it as soon as you achieve your desired returns.

HODL (Hold On for Dear Life): HODLing or holding on for dear life viz. holding your Bitcoin for the long term, is the opposite of actively trading Bitcoin or holding Bitcoin for short periods of time.

Not exact matches

For Karpelès, Vinnik's arrest reinforced a long - held theory: that Russian Bitcoin exchange administrators were behind a series of denial - of - service and other cyberattacks that hit Mt. Gox in 2011.

Now, MetaStable owns about a dozen different cryptocurrencies, including Bitcoin (which one of the fund's co-founders, Lucas Ryan, originally received for free in 2011), Ethereum, and Monero (of which the fund holds nearly 1 %, or about $ 6 million worth, of all outstanding coins), according to a pitch deck seen by Fortune.

There are two primary use cases for Bitcoin futures: hedging current Bitcoin investments and profiting from Bitcoin without holding coins in your own portfolio.

Mt. Gox claimed insolvency in 2014 after the alleged theft of around 850,000 bitcoins that it was holding for itself and on behalf of its customers.

«For the attacker, holding files for ransom is fast, low risk and easily monetizable — especially with Bitcoin to collect anonymous payment,» wrote the report authoFor the attacker, holding files for ransom is fast, low risk and easily monetizable — especially with Bitcoin to collect anonymous payment,» wrote the report authofor ransom is fast, low risk and easily monetizable — especially with Bitcoin to collect anonymous payment,» wrote the report authors.

Still, he says bitcoin might best be suited for a long - term buy and hold strategy rather than a form of payment.

«I quickly realized that, in addition to misconceptions about bitcoin being used for porn or fraud, security was one of the main hurdles holding it back to wider use,» he said.

Bitcoin has slumped more than 20 % this week amid increased regulatory scrutiny in the U.S. and Japan, an attempted theft at one of the biggest trading venues, and news that the bankruptcy trustee for Mt. Gox has started selling the now - defunct exchange's holdings to repay creditors.

By contrast, you'd pay the lower capital gains rate of about 15 percent to 20 percent on transactions for Bitcoin held as an investment, for example if you obtained it on an exchange.

A Los Angeles attorney is asking a federal judge to halt an IRS probe into more than a million customer accounts at Coinbase, a popular site for buying and holding the crypto - currency bitcoin.

«For the attacker, holding files for ransom is fast, low risk and easily monetizable — especially with Bitcoin to collect anonymous payment,» wrote the Verizon report authoFor the attacker, holding files for ransom is fast, low risk and easily monetizable — especially with Bitcoin to collect anonymous payment,» wrote the Verizon report authofor ransom is fast, low risk and easily monetizable — especially with Bitcoin to collect anonymous payment,» wrote the Verizon report authors.

With bitcoin's valuation still showing huge volatility, Middleton claims the availability of distributed hedging will both ensure the value of bitcoin for individuals holding the asset and provide systemic stability.

We won't debate their wisdom here, nor the intricacies of Japanese property law, but given that Gox was holding thousands of people's bitcoin stashes, there's plenty more angry customers looking for compensation.

The U.K. was early in publishing clear directives, ruling in 2014 that «bitcoin may be held as an investment or used to pay for goods or services at merchants where it is accepted.»

He estimates there are about 10,000 bitcoin users in the Asian financial hub, including 1,000 - 2,000 active investors who have significant holdings or work for bitcoin related companies.

For now, I think nothing is reported but I am sure that will change as Bitcoin and other currencies become more widely held.

For most, bitcoin is used in two ways; it is either held in cold storage as an investment, or used as an alternative payment medium to fiat.

Various investors and spectators are at odds about the value cryptocurrencies hold, but they look to Bitcoin for market indications.

«Holding these values as stable commodities, but with the power to spend and send as bitcoin, makes these precious metals instantly transferable and transactional for the first time,» reads Bitreserve website.

They mostly hold bitcoin and ether, but I think they could be much easier way for most investors to get a 1 - 2 % exposure in cryptocurrencies.

Consumers needed to be told clearly about risks in the virtual currency, such as the fact that transactions are generally irreversible, and that they could lose their money if they hold onto bitcoins for an extended period.

Voxelus members can buy VOX directly on Uphold using bitcoin, bank transfer, credit or debit card, and hold VOX safely and securely in their Uphold Wallet for free.

So if X is $ 100 — if you need to hold one U.S. dollar for every bitcoin that you hold for customers — and the expected return on capital is 20 percent, the fee for holding 100 bitcoins would be $ 20 a year.

Monero is still one of the less bearish majors, holding up above last week's low together with Bitcoin, not far off the key $ 200 level that has been in focus for two weeks now.

Notable deals in Q1 ’16 included a $ 26M Series C to bitcoin exchange bitFlyer, the $ 55M Series A for smart contracts developer Blockstream, and a sizable $ 60M Series A round to Digital Asset Holdings, the bitcoin startup helmed by ex-J.P. Morgan banker Blythe Masters.

For all this, fans gave him the nickname «Bitcoin Jesus», a Biblical charge that seems to hold as much significance now, even as his standing in the community has changed.

To sum up, for investors and traders of bitcoin, it will be safer to simply hold onto BCH and wait until the Bitcoin Cash market stabbitcoin, it will be safer to simply hold onto BCH and wait until the Bitcoin Cash market stabBitcoin Cash market stabilizes.

Bitcoin Core holds 63.95 % of nodes compared to only 15.75 % for Segwit2x.

Once Bitcoin rose to prominence and considerable market value at the end of 2013 (the total value of all Bitcoins currently held is about US$ 3.4 billion), private for - profit competitors like Ripple and BitShares and Nxt came along with advanced designs and full - time development and promotion teams.

Bitcoin looks to find the $ 8,000 range sooner, rather than later and will potentially hold there for a bit.

Hence, because the manual claiming process of BCH requires the handling of private keys, investors should instead just hold onto bitcoin, wait for the BCH market to stabilize, more BCH wallets to emerge and then cash out or trade their BCH.

It wouldn't be at all surprising if some customers had maxed out their credit cards to purchase Bitcoin or other cryptocurrencies, hoping to sell their holdings for a profit in order to pay off their cards.

After all, one of the primary draws of bitcoin is its ability to be bought, held and then sold later for more fiat money.

A new LendEDU survey of Bitcoin investors shows that a vast majority plan to hold their investment for over a year, challenging the assumption that the cryptocurrency is mostly used by short - term investors.

The U.S. derivatives regulator will hold two meetings to discuss the procedure and operational controls for listing and trading digital currency futures, it said on Thursday, amid rising concerns over the risks bitcoin poses to the financial system.

Bitcoin has been holding a strong support at $ 6500 for the last few days.

With this year's FIFA World Cup being held in Russia, avid football fans will be able to pay for their hotel accommodations in Kaliningrad with Bitcoin.

Prominent venture capitalist Fred Wilson spoke at a recent event held by the NYC Foundation for Computer Science Education, in which he highlighted the two biggest threats holding back bitcoin from entering into the realm of the mainstream: security and hoarding.

Also, if this is the case, that Bitcoin should be treated as electronic currency, then the cap for transaction of $ 2,500 holds to it too.

As Tim Swanson has noted, 70 % of bitcoins currently in the public domain have not been traded for over 6 months, as investors hold onto their currency whilst the price is still low.