Search found 635 matches

by CodeMaster
Tue Mar 20, 2018 12:02 am
Forum: Investing - Help with Personal Investments
Topic: Anyway to get traditional IRA funds minimizing tax other then not working?
Replies: 63
Views: 5312

Re: Anyway to get traditional IRA funds minimizing tax other then not working?

One thing I learned that wasnt caught here is if your taking out traditional IRA, its counted as ordinary income not long term capital gains. This is common knowledge and I'm guessing you didn't ask that question specifically. It's due to the fact that the money that went into the IRA was not taxed...
by CodeMaster
Mon Mar 19, 2018 9:21 pm
Forum: Investing - Help with Personal Investments
Topic: Anyway to get traditional IRA funds minimizing tax other then not working?
Replies: 63
Views: 5312

Re: Anyway to get traditional IRA funds minimizing tax other then not working?

They do get SS and it is taxed... so overall traditional IRA will get taxed however you look at it. :beer
by CodeMaster
Mon Mar 19, 2018 12:56 pm
Forum: Investing - Help with Personal Investments
Topic: Anyway to get traditional IRA funds minimizing tax other then not working?
Replies: 63
Views: 5312

Re: Anyway to get traditional IRA funds minimizing tax other then not working?

One thing I learned that wasnt caught here is if your taking out traditional IRA, its counted as ordinary income not long term capital gains. So for my parents case being over 70, their long term capital gains are tax free up to 70k while traditional IRAs are taxed as ordinary income no matter what ...
by CodeMaster
Thu Nov 23, 2017 12:39 pm
Forum: Investing - Theory, News & General
Topic: [Bitcoin] question
Replies: 131
Views: 12528

Re: Worth of bitcoin after 5 years?

What will be the worth of bitcoin after 5 years. Anyone can predict? Heres what some of the smartest people say about Bitcoin https://www.youtube.com/watch?v=mSWAPbxGjN0 There are a lot more then just Bitcoin but the general public isnt aware of it... There are many other coins now backed by giant ...
by CodeMaster
Sat Nov 18, 2017 8:42 am
Forum: Investing - Theory, News & General
Topic: [Bitcoin] question
Replies: 131
Views: 12528

Re: [Bitcoin] question

Have you locked in your profit or are you going to wait until it becomes in to 6 millions and then in to 60 millions before cashing out? And yes, congratulations for your perseverance. It paid off handsomely (assuming you actually cashed in the gains) In a way I locked it out ... so after I got int...
by CodeMaster
Thu Nov 16, 2017 7:23 pm
Forum: Investing - Theory, News & General
Topic: [Bitcoin] question
Replies: 131
Views: 12528

Re: [Bitcoin] question

longtime lurker, first time poster here and just wanted to chime in. As a reference point, I'm a firm EMH believer and owner of a BH-inspired 3 fund portfolio. That being said, it's a bit of a turn off to see such negative (and snarky) replies from some in this thread. My feeling is that if one doe...
by CodeMaster
Sat Sep 16, 2017 10:32 am
Forum: Investing - Theory, News & General
Topic: Bitcoin is dropping right now after a big Chinese exchange announces closure
Replies: 84
Views: 7946

Re: Bitcoin is dropping right now after a big Chinese exchange announces closure

"The money is concealed in large floating plastic containers, and flown by air and dropped,". At least authorities would have a chance to stop it if they wanted. As it is, oil and shipping companies can recover the costs by raising their prices. Not sure I'd have the same ability. Ok, your correct....
by CodeMaster
Sat Sep 16, 2017 10:20 am
Forum: Investing - Theory, News & General
Topic: Bitcoin is dropping right now after a big Chinese exchange announces closure
Replies: 84
Views: 7946

Re: Bitcoin is dropping right now after a big Chinese exchange announces closure

Somolia pirates are able to randsom and demand many millions successfully... without using cold paper cash for example, nor bitcoins . "The money is concealed in large floating plastic containers, and flown by air and dropped,". At least authorities would have a chance to stop it if they wanted. As...
by CodeMaster
Sat Sep 16, 2017 10:05 am
Forum: Investing - Theory, News & General
Topic: Bitcoin is dropping right now after a big Chinese exchange announces closure
Replies: 84
Views: 7946

Re: Bitcoin is dropping right now after a big Chinese exchange announces closure

I have neither commented on your motivations nor tried to portray them in a negative light. I believe you should do the same for mine and discuss the issues at hand. It means little as it's out-of-date and incomplete. You are free to characterize my statements however you want I guess. I maintain t...
by CodeMaster
Sat Sep 16, 2017 9:51 am
Forum: Investing - Theory, News & General
Topic: Bitcoin is dropping right now after a big Chinese exchange announces closure
Replies: 84
Views: 7946

Re: Bitcoin is dropping right now after a big Chinese exchange announces closure

Maybe you don't have a child you love as much as I do ... You're just fear mongering. I have neither commented on your motivations nor tried to portray them in a negative light. I believe you should do the same for mine and discuss the issues at hand. Did you intentionally ignore my previous posts?...
by CodeMaster
Sat Sep 16, 2017 9:23 am
Forum: Investing - Theory, News & General
Topic: Bitcoin is dropping right now after a big Chinese exchange announces closure
Replies: 84
Views: 7946

Re: Bitcoin is dropping right now after a big Chinese exchange announces closure

Maybe you don't have a child you love as much as I do ... You're just fear mongering. I have neither commented on your motivations nor tried to portray them in a negative light. I believe you should do the same for mine and discuss the issues at hand. Did you intentionally ignore my previous posts?...
by CodeMaster
Sat Sep 16, 2017 8:28 am
Forum: Investing - Theory, News & General
Topic: Bitcoin is dropping right now after a big Chinese exchange announces closure
Replies: 84
Views: 7946

Re: Bitcoin is dropping right now after a big Chinese exchange announces closure

What just came to my mind is: if I can stomach a drop of 50% in a day (!) (which makes some ten-thousands $ of my total bockchain investment :shock: ), I'm not worried to stomach a stock market drop of some % in the future. Another (shower) thought I just had: because of that volatility, it's impos...
by CodeMaster
Sat Sep 16, 2017 2:24 am
Forum: Investing - Theory, News & General
Topic: Bitcoin is dropping right now after a big Chinese exchange announces closure
Replies: 84
Views: 7946

Re: Bitcoin is dropping right now after a big Chinese exchange announces closure

Sure, lots of places accept bitcoin... but do people use it? That's my question. how is it illegal? how is it so different from cash in your house. you choose what you do with it like anything, doesn't have to be illegal. it seems to be heading that way wouldn't you say There is also improvement in...
by CodeMaster
Sat Sep 16, 2017 1:28 am
Forum: Investing - Theory, News & General
Topic: Bitcoin is dropping right now after a big Chinese exchange announces closure
Replies: 84
Views: 7946

Re: Bitcoin is dropping right now after a big Chinese exchange announces closure

Sure, lots of places accept bitcoin... but do people use it? That's my question. More and more are.. its JUST starting to become more mainstream. You can google and find a ton of places adapting bitcoin, including Switzerland gov allowing you to pay tax using BTC. Microsoft, Dell, Overstock, Subway...
by CodeMaster
Sat Sep 16, 2017 12:32 am
Forum: Investing - Theory, News & General
Topic: Bitcoin is dropping right now after a big Chinese exchange announces closure
Replies: 84
Views: 7946

Re: Bitcoin is dropping right now after a big Chinese exchange announces closure

Sure, lots of places accept bitcoin... but do people use it? That's my question. More and more are.. its JUST starting to become more mainstream. You can google and find a ton of places adapting bitcoin, including Switzerland gov allowing you to pay tax using BTC. Microsoft, Dell, Overstock, Subway...
by CodeMaster
Fri Sep 15, 2017 8:17 pm
Forum: Investing - Theory, News & General
Topic: Bitcoin is dropping right now after a big Chinese exchange announces closure
Replies: 84
Views: 7946

Re: Bitcoin is dropping right now after a big Chinese exchange announces closure

I would like to know what people are using bitcoin for and what percentage of it is for criminal activity, but whatever percentage it is the authorities are not befuddled by it, they are using it against criminals. I think the mainstream audience is only now beginning to realize that bitcoin is not...
by CodeMaster
Fri Sep 15, 2017 7:53 pm
Forum: Investing - Theory, News & General
Topic: Bitcoin is dropping right now after a big Chinese exchange announces closure
Replies: 84
Views: 7946

Re: Bitcoin is dropping right now after a big Chinese exchange announces closure

It may be technologically interesting, but that does not make it a valid currency or investment. As a technology may be it will have some other uses that add value in the future. But as a currency contender, it is just speculation. Is anyone really using bitcoin as currency right now? Or is it used...
by CodeMaster
Fri Sep 15, 2017 2:31 am
Forum: Investing - Theory, News & General
Topic: Bitcoin is dropping right now after a big Chinese exchange announces closure
Replies: 84
Views: 7946

Re: Bitcoin is dropping right now after a big Chinese exchange announces closure

The CEO of one of the world largest banks calls Bitcoin a fraud. I'm inclined to believe him since big banks are the world experts at fraud and experts at getting away with it too. given he couldn't explain why and we've seen similar profile level guys initially say same thing only to change his mi...
by CodeMaster
Fri Sep 15, 2017 1:44 am
Forum: Investing - Theory, News & General
Topic: Bitcoin is dropping right now after a big Chinese exchange announces closure
Replies: 84
Views: 7946

Re: Bitcoin is dropping right now after a big Chinese exchange announces closure

Am I the only one who views Bitcoin as another Madoff pyramid scheme? I am sure I am missing something, but whaaaaat? your not, mark Cuban the super rich guy said same thing. then few days ago changed his statement saying he now sees it as legit currency. it's all on Google if your interested. p.s....
by CodeMaster
Thu Sep 14, 2017 10:41 pm
Forum: Investing - Theory, News & General
Topic: Bitcoin is dropping right now after a big Chinese exchange announces closure
Replies: 84
Views: 7946

Re: Bitcoin is dropping right now after a big Chinese exchange announces closure

Also I watched Jamie's entire reasoning trying to explain why bitcoin was bad, it made no sense. He couldnt give 1 reason why it was flawwed and was extremely vague and didnt clarify anything, he just said its fraud and drug dealers use it lol Thats a lot of money in the market volumne for it all to...
by CodeMaster
Thu Sep 14, 2017 9:59 pm
Forum: Investing - Theory, News & General
Topic: Bitcoin is dropping right now after a big Chinese exchange announces closure
Replies: 84
Views: 7946

Re: Bitcoin is dropping right now after a big Chinese exchange announces closure

cnbc wording of crackdown is bit vague. China deems bitcoins not illegal and intend to regulate it, asking exchanges shut down temporarily and voluntarily until regulations in place. Far from a ban of crypto or a "crackdown" but the news confuses all so does China and probably intentionally to manip...
by CodeMaster
Mon Sep 11, 2017 11:23 am
Forum: Investing - Theory, News & General
Topic: Bitcoin in 3-fund indexed portfolio?
Replies: 191
Views: 18540

Re: Bitcoin in 3-fund indexed portfolio?

Thanks for replying. This sounds like a reasonable strategy. You seem to have done good home work :) I guess with Armory you are downloading the whole blockchain. I was leaning towards Electrum, but of course if you have the disk space, Armory would be more secure. Yes, Armory seems to be one of th...
by CodeMaster
Mon Sep 11, 2017 11:14 am
Forum: Investing - Theory, News & General
Topic: Bitcoin in 3-fund indexed portfolio?
Replies: 191
Views: 18540

Re: Bitcoin in 3-fund indexed portfolio?

Regarding the Ledger Nano S, so its like a USB drive that holds your coins right? What happens if you lose that tiny drive or if it malfunctions and dies? Do you bascially lose all your money either via loss or someone takes it and sends it to themselves? I can't speak to the ledger, but the Trezor...
by CodeMaster
Mon Sep 11, 2017 11:12 am
Forum: Investing - Theory, News & General
Topic: Bitcoin in 3-fund indexed portfolio?
Replies: 191
Views: 18540

Re: Bitcoin in 3-fund indexed portfolio?

Thank you. Very useful. I think one thing might need clarification, unless someone gets a false sense of security. Unless I'm mistaken I think only the USD wallet on GDAX/Coinbase is insured, and not the Bitcoins themselves? About the hardware wallets, are these multi-signature? I don't find myself...
by CodeMaster
Mon Sep 11, 2017 10:56 am
Forum: Investing - Theory, News & General
Topic: Bitcoin in 3-fund indexed portfolio?
Replies: 191
Views: 18540

Re: Bitcoin in 3-fund indexed portfolio?

Very useful and well rounded reply. Thanks for doing so. I found your whole post to be very informative, and for completeness sake, due to your direct experience would like to ask a few follow ups: 1. What exchange do you use? In my research I only found GDAX and Gemini that accept ACH. 2. What wal...
by CodeMaster
Mon Sep 11, 2017 10:46 am
Forum: Investing - Theory, News & General
Topic: Bitcoin in 3-fund indexed portfolio?
Replies: 191
Views: 18540

Re: Bitcoin in 3-fund indexed portfolio?

Very useful and well rounded reply. Thanks for doing so. I found your whole post to be very informative, and for completeness sake, due to your direct experience would like to ask a few follow ups: 1. What exchange do you use? In my research I only found GDAX and Gemini that accept ACH. 2. What wal...
by CodeMaster
Mon Sep 11, 2017 10:44 am
Forum: Investing - Help with Personal Investments
Topic: How to buy a Bitcoin?
Replies: 29
Views: 2735

Re: How to buy a Bitcoin?

When you read three the insurance, three things stick out- 1) The insurance doesn't cover the most common ways people lose money (including bitcoin movement leaders, using coinbase this year). Text is " This insurance policy does not cover any losses resulting from the compromise of your individual...
by CodeMaster
Mon Sep 11, 2017 10:32 am
Forum: Investing - Help with Personal Investments
Topic: How to buy a Bitcoin?
Replies: 29
Views: 2735

Re: How to buy a Bitcoin?

I just learned GDAX exchange is insured https://support.gdax.com/customer/en/portal/articles/2689803-how-deposits-are-insured-on-gdax When you read three the insurance, three things stick out- 1) The insurance doesn't cover the most common ways people lose money (including bitcoin movement leaders,...
by CodeMaster
Mon Sep 11, 2017 10:15 am
Forum: Investing - Help with Personal Investments
Topic: How to buy a Bitcoin?
Replies: 29
Views: 2735

Re: How to buy a Bitcoin?

I just learned GDAX exchange is insured https://support.gdax.com/customer/en/portal/articles/2689803-how-deposits-are-insured-on-gdax When you read three the insurance, three things stick out- 1) The insurance doesn't cover the most common ways people lose money (including bitcoin movement leaders,...
by CodeMaster
Mon Sep 11, 2017 10:08 am
Forum: Investing - Help with Personal Investments
Topic: How to buy a Bitcoin?
Replies: 29
Views: 2735

Re: How to buy a Bitcoin?

I buy crypto on Coinbase and then transfer it to a Trezor wallet. I was fine keeping it on Coinbase for a while, but once I got a few coins I lost my comfort level storing it online. Why did you lose comfort in storing it online? Afriad of breach hack stealing it? Have you looked into GDAX insuranc...
by CodeMaster
Mon Sep 11, 2017 9:40 am
Forum: Investing - Help with Personal Investments
Topic: How to buy a Bitcoin?
Replies: 29
Views: 2735

Re: How to buy a Bitcoin?

I just learned GDAX exchange is insured

https://support.gdax.com/customer/en/po ... ed-on-gdax
by CodeMaster
Mon Sep 11, 2017 9:35 am
Forum: Investing - Theory, News & General
Topic: Bitcoin in 3-fund indexed portfolio?
Replies: 191
Views: 18540

Re: Bitcoin in 3-fund indexed portfolio?

https://www.leaprate.com/cryptocurrency/exchange/bitcoin-price-takes-another-weekend-dive-warnings-china-closing-cryptocurrency-exchanges/ Wonder how China closing local exchanges will be on the currency? Is this the nail in the coffin as other countries follow or simply a bump in the road? This is...
by CodeMaster
Mon Sep 11, 2017 3:55 am
Forum: Investing - Theory, News & General
Topic: Bitcoin in 3-fund indexed portfolio?
Replies: 191
Views: 18540

Re: Bitcoin in 3-fund indexed portfolio?

I am very pro crypto currency and I understand the technology extremely well (well enough that I can innovate in the space.) I believe that it is not a fad or Ponzi scheme and has very high intrinsic value, similar to "the internet" or "the automobile". That being said, I think it has no place in a...
by CodeMaster
Sun Sep 10, 2017 6:18 pm
Forum: Investing - Help with Personal Investments
Topic: How to buy a Bitcoin?
Replies: 29
Views: 2735

Re: How to buy a Bitcoin?

All you do is load money into your account and make a purchase. Very similar to stocks / mutual funds. However unlike stocks and mutual funds, its backed by nothing, its protected by nothing, and should an exchange get hacked or dissolve you are not going to get reimbursed. You not only have to buy...
by CodeMaster
Sun Sep 10, 2017 6:17 pm
Forum: Investing - Help with Personal Investments
Topic: How to buy a Bitcoin?
Replies: 29
Views: 2735

Re: How to buy a Bitcoin?

BV3273 wrote:
Sun Sep 10, 2017 2:17 pm
Can you purchase Ethereum on those 3 sites you mentioned?
Gemini and Coinbase you can , but if you find a site you cant, what you do is buy Bitcoins then transfer it to your wallet like bittrex.com and from there you can exhcnage it for any other coin you want.
by CodeMaster
Sun Sep 10, 2017 12:13 pm
Forum: Investing - Help with Personal Investments
Topic: How to buy a Bitcoin?
Replies: 29
Views: 2735

Re: How to buy a Bitcoin?

Thanks CodeMaster! Do you need a secure wallet with any of the first three you mentioned? Wallet is not required, but wallet has its beneifts in that its more secure, you can send/receive coins in there and you can exhcnage it for coins your exchange doesnt offer (i.e. you can buy bitcoins from gem...
by CodeMaster
Sun Sep 10, 2017 10:16 am
Forum: Investing - Help with Personal Investments
Topic: How to buy a Bitcoin?
Replies: 29
Views: 2735

Re: How to buy a Bitcoin?

Also, even if you use a third party... at the moment at least, none of them ever control your cash like the Gov can or banks can at any moment if they just dont like something your doing. So even using a third party, its still "decentralized", but given more and more countries are going to try to re...
by CodeMaster
Sun Sep 10, 2017 10:14 am
Forum: Investing - Help with Personal Investments
Topic: How to buy a Bitcoin?
Replies: 29
Views: 2735

Re: How to buy a Bitcoin?

Stay away from coinbase.com as its high on fees... use gemini.com or Kraken for low fees and better user interface, its like the etrade / charles schwab of bitcoin exchanges. All 3 sources are very trustworthy. All you do is load money into your account and make a purchase. Very similar to stocks /...
by CodeMaster
Sun Sep 10, 2017 10:06 am
Forum: Investing - Help with Personal Investments
Topic: Considering this HSA strategy
Replies: 17
Views: 3004

Re: Considering this HSA strategy

How do you invest into an HSA using a credit card? Dont they usually charge fees thus making points give less return? I think the OP meant that he pays his medical bills with an ordinary credit card, so he gets points for that spending. ah thank you... wishful thinking i could invest HSA with CC an...
by CodeMaster
Sun Sep 10, 2017 10:04 am
Forum: Investing - Help with Personal Investments
Topic: How to buy a Bitcoin?
Replies: 29
Views: 2735

Re: How to buy a Bitcoin?

Allow me to clarify since the OP is asking HOW to purchase...

"purchasing process is very similar to how you purchase stocks / mutual funds" :twisted: :beer
by CodeMaster
Sun Sep 10, 2017 10:01 am
Forum: Investing - Help with Personal Investments
Topic: Considering this HSA strategy
Replies: 17
Views: 3004

Re: Considering this HSA strategy

How do you invest into an HSA using a credit card? Dont they usually charge fees thus making points give less return?
by CodeMaster
Sun Sep 10, 2017 9:55 am
Forum: Investing - Help with Personal Investments
Topic: How to buy a Bitcoin?
Replies: 29
Views: 2735

Re: How to buy a Bitcoin?

Stay away from coinbase.com as its high on fees... use gemini.com or Kraken for low fees and better user interface, its like the etrade / charles schwab of bitcoin exchanges. All 3 sources are very trustworthy. All you do is load money into your account and make a purchase. Very similar to stocks / ...
by CodeMaster
Sun Sep 10, 2017 6:28 am
Forum: Investing - Theory, News & General
Topic: China drops the Hammer on Cryptocurrencies
Replies: 23
Views: 3637

Re: China drops the Hammer on Cryptocurrencies

Today Switzerland announces they will allow citizens to pay taxes using Bitcoin https://news.bitcoin.com/chiasso-switzerland-to-allow-citizens-to-pay-taxes-in-bitcoin/?utm_source=OneSignal+Push&utm_medium=notification&utm_campaign=Push+Notifications Switzerland didn't announce it will accept Bitcoi...
by CodeMaster
Sun Sep 10, 2017 5:58 am
Forum: Investing - Theory, News & General
Topic: China drops the Hammer on Cryptocurrencies
Replies: 23
Views: 3637

Re: China drops the Hammer on Cryptocurrencies

China made a big move against cryptocurrencies by making ICOs illegal: China bans companies from raising money through ICOs, asks local regulators to inspect 60 major platforms China didn't "drop the hammer on cryptocurrencies". China just added temporary restrictions on ICOs. The cryptocurrency dr...
by CodeMaster
Sat Sep 09, 2017 11:56 pm
Forum: Investing - Theory, News & General
Topic: [Bitcoin] question
Replies: 131
Views: 12528

Re: [Bitcoin] question

Hi, I have another question... there is this article talking about upgrading ETH https://www.coindesk.com/metropolis-today-shifting-plans-ethereums-next-big-upgrade/?fref=gc&dti=2026264944252013 I was wondering, when they do upgrades, does this mean itll be another hard fork? Another version of ETH ...
by CodeMaster
Fri Sep 08, 2017 9:18 pm
Forum: Investing - Theory, News & General
Topic: [Bitcoin] question
Replies: 131
Views: 12528

Re: If Ethereum was hacked then the creators edited the ledger, doesnt that mean...

So if 51% of the miners (by computer power) decide they'd rather see a different ledger and account balances they are free to create it? Frankly that doesn't sound very secure. At all... So I understnad it better now... it isnt some vote where 51% say this is good then we lack control and jsut have...
by CodeMaster
Fri Sep 08, 2017 9:10 pm
Forum: Investing - Theory, News & General
Topic: [Bitcoin] question
Replies: 131
Views: 12528

Re: If Ethereum was hacked then the creators edited the ledger, doesnt that mean...

https://qz.com/730004/everything-you-need-to-know-about-the-ethereum-hard-fork/ I think that article does a good job of explaining the situation around the DAO hack. Essentially, the core developers of Ethereum pressed the rest button by creating a new version of Ethereum or to be more precise a br...
by CodeMaster
Fri Sep 08, 2017 12:56 pm
Forum: Investing - Theory, News & General
Topic: [Bitcoin] question
Replies: 131
Views: 12528

Re: If Ethereum was hacked then the creators edited the ledger, doesnt that mean...

Ok so what about BitCoins? If someone were to steal from BTC today, is there power somewhere to revise the ledges?

and IMO, if majority can alter ETH, i find that a major concern.
by CodeMaster
Fri Sep 08, 2017 11:26 am
Forum: Investing - Theory, News & General
Topic: [Bitcoin] question
Replies: 131
Views: 12528

Re: [Bitcoin] question

Thank you for that LadyGeek and my apologies for any offensive comments from me as well. Back to higher quality content! :sharebeer Just thought everyone might find this useful Russia is officially adapting / regulating cryptocurrency https://www.bloomberg.com/news/articles/2017-09-08/russia-makes-u...