OP

Spiral_out_was_taken

This. Seems like the OP is taking advantage of someone…..especially for these prices for mowing a lawn.

TakingChances01

Yea when the OP doesn’t respond to any comments you know it’s bullshit

zesushv

GM OP. We are working on an idea that might soar with your influence. Send a dm to discuss more, do check me out so you know I am not going to waste your time.

trimbandit

Oh right of course you are right, I forgot OP has additional long term coin in the account when I wrote that. Cheers

trimbandit

You cannot report a loss on depreciating personal items like a car or a T-shirt. When you buy a used car, you, as the buyer pay the sales tax, when you register the car (or in the case of a dealer, they would collect it on your behalf). Businesses that sell taxable goods or services are required to collect sales tax from customers and then pay or remit these taxes to the state or local government. This is often called a "pass-through tax" because the tax burden essentially passes from the consumer to the retailer, and then to the government.  OP is not a retailer and this would not apply. I feel like you are just trolling me, because nobody could be this confidently ignorant on such basic stuff.

2LostFlamingos

Sounded like this was OP’s first bitcoin. But yes I made that assumption.

MonTigres

An amazing story, OP. You probably saved your mom's life and you did what you had to do. Am sure that you have mixed feelings about that whole thing, but, it would make a great manga or anime. There's a lot of important life stuff packed in there--do you know any Manga artists? Might be cathartic to get your story out there in the cosmos.

Sector__7

If you stamp twice you can get an inconsistent stamp such as the S shown on the right in OP’s pic. Honestly, if you place the stamper in the same spot and hold it well you can stamp again and get a consistent stamp but it is a bit tricky.

CasualRedditObserver

Perhaps you didn't understand the question. The OP already owns some bitcoin that he acquired a while ago at a significantly lower price. They want to know, is the gain reported on a first in, first out (FIFO) basis, or is it reported on a last in first out (LIFO) basis, or is it reported on a weighted average basis, or is there some other reporting requirement. It's my understanding that they can chose whichever method they'd prefer, BUT once they make that choice they're stuck with it for future reporting. So, choosing what's best "right now", might not be what's best overall in the long term. One thing to keep in mind is that they'll likely eventually have to pay capital gains tax on the BTC they're already holding. If they are a U.S. citizen, pushing that tax burden off into the future could result in hitting the 20% rate (instead of the lower 15% rate) if those gains get high enough. They also could be subject to 3.8% Net Investment Income Tax (NIIT) if the capital gains get high enough. By paying the 15% on the gains on $4,000 worth of their existing BTC this year using the FIFO reporting method, they get a step-up in basis on that BTC received to the current exchange rate. This will reduce their future capital gains and reduce the risk that they'll encounter those higher and extra taxes when they eventually want/need to use their BTC for some purpose.

StreetRx925

they did exist. I used to buy $200 btc at one in San Jose at a place called the hacker dojo. and alas like the OP spent mine too.

walrus120

Let the OP explain see if it was truly done in good faith does not appear to be.

Grand-Button5819

Yeah... in OP's case he got the BTC and then sold it immediately at roughly the same price. There's no capital gains tax to be paid. Not keeping any record of it just for the sake of being an edgelord does not sound like a good strategy to me. I'd play along with the tax man for now, especially that there's no real cost in doing so in this case.

crooks4hire

Yea but pretty much most of them start out with an accusatory question, based on an assumption with no feedback from OP. There are a weird number of “probably a boomer” and “lol old people are dumb” comments.

tapakip

Yes and no. OP's chart is misleading for sure, as there was a big M2 dip. But you're also wrong, as M2 resumed upwards from there. [https://pbs.twimg.com/media/GyQlUHjWEAUG8rP?format=jpg&name=4096x4096](https://pbs.twimg.com/media/GyQlUHjWEAUG8rP?format=jpg&name=4096x4096)

TechTuna1200

OP thinks ETH or other cryptos are like SP&500 index funds.

jqVgawJG

Don't be like OP. Never forget.

Quirky-Reveal-1669

OP was asking about diversification. This is what I do. My ratio BTC:XAU is currently around 40:1 (rough estimate). If I can bring that to 20:1 that would be good, I believe. Having said that: I would not aspire to acquire large, heavy quantities of gold, so by the time I would ever reach ~30 - 60 troy ounces of gold, the aforementioned ratio would go out tje window, as I would continue to acquire bitcoin, while not buying any more gold.

Alexchii

We missed the rocket and are on the bus. The guy in OP’s photo didn’t realise he was on a rocket.

A_Birde

What are you about OP? I'll give you a big tip learn the macron of crypto markets that will make your decision making a lot easier. I'll give you a free tip at the moment is probably a good time as you won't too many more dips to fully take advantage. Also the top comment of this thread is fucking deluded its incredible. No, time in the market is not a good approach as this bull run will likely top in the next 6-9 months. Get in fast and then get out fast. When its bear again then follow the DCA time in the market shit.

yogurt-fuck-face

People like you make me want to see Bitcoin crash and burn as I hold it. How can people be so uninformed as OP? I would bet two weeks pay that OP is under 14 years old.

Mr_Cant_Say

That thread is basically: **1. OP:** Centralized coins like XRP often turn holders into exit liquidity when insiders dump. If you want to avoid that, **IOTA is one of the few alts actually worth holding.** **2. Reply:** Asking for clarification *“Which altcoins are worth holding?”* 👉 Short takeaway: **IOTA is being positioned as a rare alt worth holding long-term, compared to insider-heavy plays like XRP.**

ChiChiWana

he created it, i doubt he tossed the key to his own wallet. i agree with OP, its likely hal finney 🤷

madhumanitarian

I think these articles as well as OP meant chemoprophylaxis, by which the term means using medication to stop a disease. It's different than cytotoxic chemotherapy which uses cytotoxic agents to treat cancer cells. Those that mentioned chemotherapy are articles related to cancer patients who have lyme disease. If you check out the drugs mentioned, it's all antibiotics i.e. Doxycycline, ceftriaxone, etc. And yes, the treatment for lyme disease includes chemoprophylaxis which is usually doxycycline but again, it is completely different from cytotoxic chemotherapy for cancer. The latest studies that actually use cytotoxic chemotherapy for lyme disease only dates back 3 years ago.

Goosered

So like, I can do illegal things and Bitcoin will save me? And nobody in the world thinks crypto is used for illegal things? And this will help everyone believe cash isn't used for more illegal things..... Got you, sorry for your circumstances OP, that is bad, but I had no money to save both my parents who died within six months, I didn't consider crime as an answer

SherbetFluffy1867

I've transferred out of River to hardware wallet at least 30 times. I've paid on chain to vendors directly from River multiple times. I've transferred in and out of River via lightning multiple times. Never had an issue one. OP isn't being entirely honest me thinks.

FixedGearJunkie

The comments are funny...most people missed the part where OP does not need to sell their stack to buy a home. If that's the case just buy one. Keep your stack, and if you pause your buys it's ok. You will likely get a raise or another promotion at some point. You can then use those funds to resume buying. Also interest rates are pretty high currently. They will eventually come down and when they do, refi, lower your monthly payment and keep stacking.

Froz3n_Cornchip

OP you say you would buy and I get it but I bet you would shit your pants, I’d be lying if I said I wouldn’t, let’s be realistic if BTC drops that low then a lot of HODLers have sold, it wouldn’t be good news. But also realistically BTC will never see 10k again. Maybe not even 50k. I do hope there is another big bear market cause it will be the last chance for a lot of people to get close to a whole coin.

GMDaddy

You know reading this, I could have saved my mom if only I didn't follow my father's narrow minded brain. My family kept telling me it wasn't my fault but seeing your post OP, made me remember that moment. Anyway, glad you're still with your mom and she is strong and alive.

Ligdeesnutz

An even greater man will build a ramp up to OP’s ass and run a Lionel through it….

devgm79

Lol between the OP post and comments here BTC will for sure go down to somewhere between 100k and 0. I guess that’s probably correct. Somewhere in that range.

IndependentHorror752

Agreeing with OP, of course, but I wanted to offer my thoughts. IMHO and again what do I know, but I feel that there is too much institutional and widespread interest in BTC for it to experience such significant drops again. Sure, there could be some black swan event in the future, and nobody can say that with certainty, but I think a drop that significant is highly, highly unlikely. I actually believe that crypto cycles are “over,” or at least will look very different in the future, considering institutions simply would not allow it to fall beyond a certain level; but that’s another discussion. =)

meegwell01

Come on man I think I explained my situation if you don’t like a post or have some speculative assumptions about the motives - yes I’m sure - better just to spend your time elsewhere than spitting troll garbage like this. Help keep subs productive, look for posts where you can help the OP unless it is obvious BS and in that case best to move on to your next thought/read/reaction.

Grp8pe88

gotta hand it to OP for being smart about the sub she picked!!! but, PLEASE don't do this OP! You have proof of ownership, your keys so to speak! Just borrow against those assets you got while maintaining possession, no need to give em up on a regular basis. Retain that value! They'll get used up faster than you think.

Silver_Eyes_Luna

OP doesn't understand how the beef industry works.

Practical_Berry_7733

OP Is this your first time buying a home?

DeaderthanZed

Exactly they would have been better in index funds and much safer. Plus BTC is up 845% in five years and ETH 910%. OP must have bought some larp dino coins or straight up rugs.

stanley_fatmax

OP has a point then ruins it with this terrible example

billybadassman

Had to reread it myself. OP is just talking about his mom. Guess he just refers to her as Great Grandma in the post to get across the point she's old. 🤣 Probably has great grandkid(s) that are very young.

SunDreamShineDay

Go on, substantiate your claim for those wondering why you would resort to an ad hominem attack rather than an articulated explanation on why OP made the wrong choice in your opinion.

Myth_Mula

Great intel OP, thanks 😎

IBoopDSnoot

Fuck you OP, I'm genuinely happy for you.

CustomWritingsCoLTD

Hey OP, thoughts on your early trajectories?

KlearCat

Because OP is a total fool. Classic member of this subreddit, newbie trying to give off advice like they are some trading guru.

Mantis-Prawn

It says rider, so OP probably thought these were motor cycle boots

Grunblau

Assuming OP means other than BTC, AVAX... Would have said Algorand at the beginning of the year, but they can’t seem to get out of their own way

15X2030

OP if you are in India and using CoinDCX remember that it won’t allow you to withdraw and self custody your crypto.

rgnet1

Yes, it's fair to say that a 4.5% price above the median index is too high. But for example, at this exact moment, Google says the price is $115,397. On Coinbase, if I type a buy order, it is giving me a price that with their spread and fee is effectively $118,400. Still pretty bad. I guess the OP was asking for tips, and as other commenters pointed out, you should absolutely not use the basic brokerage service and instead do something like Coinbase Advanced and place a post-only limit order for the best rate. I don't know if Binance has this.

datadiisk_

OP’s bitcoin amount: .00125785

Advanced-Local6168

ADA is useless, the same way XRP is. I don't understand why beginners always fall for XRP and ADA first, they must have some powerful marketing whenever you start typing your first search "buy crypto" on your favorite search engine. XRP is manipulated by huge whales and it has absolutely no public useful utility as of today. It's all about "wow look how banks will use XRP in the future". Spoiler alert: they won't. And Cardano, well, it's a dead chain, the TVL is low as there is absolutely no way that a long-term investor would prioritize Cardano over Ethereum's network for DeFi purpose. And TRX is manipulated as well. Sure those coins go up, but they have no utility, I'd rather just hold BTC & ETH, and look for risky bets on stuffs like HYPE. GL OP

reliable35

Nothing is 100% safe. For lower risk OP could go global equities. Something like VWRP. Which is then “only” 60% or so USA. But betting against the US. I don’t think a great idea either.

crunchyeyeball

I don't disagree. Whether tx fees alone will be enough to secure the network is a different question though. OP was specifically asking about the block *subsidy* being lost in 2140. Any way you look at it, even if fees don't rise at all, the subsidy will be irrelevant by then. By the time we reach 2140, the block *subsidy* will have been under 100 sats for the previous *28 years*. Meanwhile, even with the *current* median fee rates of ~1-3 sats/vB, the total block *fees* (excluding subsidy) still add up to ~0.01-0.03 BTC. Will that be enough? I really don't know.

WingWorried6176

Your $10 of BTC will be okay OP

Quantum_Pineapple

This is the NEW way forward OP fuck yes

Belicous

OP is saying Monzo are making it difficult. You're recommending Monzo for ease

blaggerbly

Erm….yes. Both my post and OP are clearly about Monzo. What’s your point ?

KingOfTheL

I wonder the volume OP was purchasing and how big this withdrawal was. Could have been sizeable.

Effective_Fun_69

Congrats OP! How much did you pay for it in Bitcoin or dollars?

New_Car2574

In my experience, it’s easier than you think to deceive employees about their tax status. I know exactly what I'm talking about. People don't always understand the critical differences between 1099 and W-2 employment status, and employers take advantage of this. Despite your (seemingly bootlicking) skepticism, I wouldn't trust an employer like OP describes as far as I could throw them.

ScoobaMonsta

Why on earth are you posting how much you are worth on the interweb? Seriously f#$king stupid. I have no sympathy for people who do this and then get attacked for their money. There's countless examples of this over the years, and 1000's of posts on all platforms telling people to stop doing this, and why they shouldn't do it. OP if you get targeted its 100% your fault.

mitch8845

You know how I know OP's new?

_usam

+1 with everything you said. Bitcoin has high transaction fee’s along with lengthy receiving times. LTC transactions are fast and cheap. Investing in LTC is a no brainer as it’s actually used for daily transactions and doesn’t take hours to receive your money or cost a boat load. Especially gamblers, now that you can open a sports book internationally and get paid instantly using crypto. Watch how LTC increases in daily transactions this football season. So, OP should throw easy in his 10k with Litecoin and wait a few years.

forward024

Concordo mas voce não esta percebendo que o OP se referiu a atual situação politica e economica brasileira. Atualmente capitalista mas tudo indicando para virar um pais socialista.

forward024

Comunismo é socialismo andam juntos. Se vc acha que o Brasil não é socialista é voce que esta viajando. Parabens ao OP por nao apoiar essa desgraça que esta acontecendo no Brasil.

conye1

I just looked up $edge the one OP is talking about it and I’m talking about is  Definitive $edge

FollowAstacio

It doesn’t. OP doesnt know what the value of crypto is so they think any bad news is doom and gloom. Believe it or not, imo, that’s extremely bullish for crypto, bc if this many ppl still don’t even understand it, we’re still early.

mrjune2040

I would be really cautious with engaging with OP. He links to a dubious trading group in a couple of recent comments and this post itself is obviously ChatGPT. I would say this post is likely designed to get engagement and dm's to shill the group.

Hanzieoo

Congrats OP that looks sick.

zxr7

Here's one. But again, technicalities cannot be explained within a paragraph. OP needs to read the above books. It will take hours to get enlightened as it involves number if fields like: --Computer Science --Economics --Finance --Cryptography --Game Theory --Law --Philosophy --Ethics --Political Science --Cybersecurity --Software Engineering #### Here's a step-by-step explanation of how a Bitcoin transaction works from beginning to end, going from a simple view to more technical depth, one paragraph per topic: 1. How transactions are created and signed with private/public keys: When Alice wants to send 1 BTC to Bob, she uses her Bitcoin wallet (software) to create a transaction. Her wallet references previous transactions (called UTXOs — unspent transaction outputs) as the source of her funds. To authorize the transaction, Alice signs it using her private key. This signature proves ownership of the funds without revealing the private key. Bob’s public key (or more commonly, his hashed public key, i.e., his Bitcoin address) is used as the recipient in the transaction. The digital signature ensures the transaction is authentic and unalterable, and anyone can verify it using Alice's public key. 2. How transactions are broadcast to the network and stored in the mempool: Once Alice’s wallet creates and signs the transaction, it is broadcast to the Bitcoin network — essentially sent to nearby full nodes over the peer-to-peer (P2P) protocol. Each node that receives the transaction verifies it (e.g., checks that inputs are unspent and signatures are valid) and, if valid, stores it in a temporary area called the mempool (memory pool), which holds all pending transactions waiting to be confirmed. Transactions remain in the mempool until a miner includes them in a block. 3. How miners pick transactions and form a block: Miners are specialized nodes that gather transactions from their mempool to include in a new block. They typically prioritize transactions offering higher fees (satoshis per byte). A miner creates a block candidate that includes: a list of chosen transactions, a reference to the previous block (via its hash), a timestamp, and a special transaction called the coinbase transaction which pays the miner the block reward. The miner also prepares a block header, which will be used for the mining (Proof of Work) process. 4. How the nonce is generated and tested against the target difficulty: The miner’s main job is to find a value called a nonce (a random 32-bit number) such that, when hashed with the rest of the block header using SHA-256 twice, the resulting hash is less than a network-defined target value. This is what Proof of Work means. Miners iterate the nonce rapidly, hashing the block header each time, until they find a nonce that produces a hash lower than the target. Because the hash function is unpredictable, finding such a nonce is trial and error, requiring immense computational effort. 5. Who decides/assigns this target value (and how difficulty adjusts): The target value is not set arbitrarily; it’s derived from the network difficulty, which is adjusted every 2,016 blocks (roughly every 2 weeks). The goal is to keep the block time around 10 minutes. If blocks were mined too quickly in the last period, the difficulty increases (i.e., target becomes smaller); if too slowly, it decreases. This adjustment is automatic and calculated by all nodes based on timestamps in recent blocks. Thus, no central authority controls difficulty — it's algorithmically enforced by consensus. 6. How Proof of Work ensures consensus: Proof of Work ensures that only nodes which have done real computational work can propose new blocks. This discourages spam or malicious attempts to alter history. When a miner finds a valid nonce and broadcasts the block, other nodes quickly verify the work (easy to check, hard to do). The longest chain (most cumulative work) is considered the valid one. This decentralized, cost-intensive process makes it extremely difficult for any single entity to rewrite the blockchain, as they would need to redo the work of the majority. 7. How the block is validated by other nodes and added to the chain: Once a miner broadcasts a new block, other full nodes receive it and perform several checks: Is the hash valid (below the target)? Are all transactions valid? Does it properly reference the previous block? If the block passes validation, the node adds it to its local copy of the blockchain and removes the included transactions from its mempool. Then, the node propagates the new block to its peers. This ripple effect keeps the entire network synchronized with the latest agreed-upon chain. 8. How immutability is maintained (e.g., why changing one block breaks the whole chain): Each block contains the hash of the previous block in its header. This means that if you change anything in an old block (even a single bit), its hash changes, and thus the next block (which references that hash) becomes invalid. This effect cascades — you'd have to recompute the Proof of Work for that block and every subsequent block, which is computationally infeasible unless you control over 50% of the network’s hashing power (a 51% attack). This cryptographic linking makes the blockchain tamper-resistant and immutable. #####

Crypto-4-Freedom

Yeah, i would say to start with AAVE and Pendle OP. Always make sure you read the docs and fully understand what you are doing,i would advice to join the discord of those protocols as well.

Abdeliq

Are they trying to look at how much OP is worth or what was the reason for all this craxy as$ questions???

SecureWriting8589

# Likely Scam -- AVOID The link that you shared has been identified by multiple crypto scam checking sites as extremely likely to be a scam site. >Check it by yourself For me is working Meybe works for you also Hell **no**. I recommend that all avoid clicking the link, I recommend that the OP delete this post, or failing that that this subreddit's moderators delete it.

Good_Extension_9642

Hey OP you can buy an BTC ETF in yoir roth IRA

Tiny_stickedguy

yeah posts like these feel like bait for DMs and get sold courses from OP or even scams

NordicEesti

OP Definitely worth a little risk, it's going to be a solid investment when they finally get it off the ground. I'm holding a good bit of it. The delays are the only things that's obnoxious, but it's my understanding they're delaying to make the launch more successful.

agentbuzz00

Happy birthday OP. You have a great vision and a greater wife 🥳

El_Flaco_666

I'd have to agree here. Turning $5K into $300K means you've beaten 99% of crypto investors, and at 25 years old the OP can start to diversify those gains into long-term investments that don't have the same risk exposure.

whataboutbenson

OP, what purpose does owning the link token serve?

mediumlong

Careful about identifying yourself OP

CantStopLickingRocks

Hey OP Dropbox may actually save the password secretly in a hidden database depending on the version you’re on if you had it installed on the computer. copy what you have to a new USB stick Then STOP MESSING WITH THE COMPUTER and Contact this guy https://youtube.com/@JoeGrand Finally disable your DMs

kneleo

also vouch for him, OP u can trust that guy!

Lez0fire

Well, they're more bearish than the analyst that the OP is mentioning, so not so biased. Their base case is 141k, which is only +19.5% from here, not crazy to get that in 4 months

Significant-Music417

OP, try old passwords used in old emails, websites, chats, etc. Best of Luck and hope you can access that “little” fortune ✌🏻

Forreta_Ambicioso

Are you with the same problem as the OP? You have a wallet with password and cannot grab the funds?

CrashSeven

From someone old in the game. Better get on top of your old HDDs and maybe even some flash drives OP.

Pasukaru0

Then maybe, just maybe, you could have mentioned that? How is anyone supposed to expect that you are talking about something off topic? OP's entire post is about getting access to the wallet and not about breaking bitcoin. And all you said is 'break sha is enough'. That's not how it works...

Pirate401

Make sure to update us OP!

lowther1

OP comes in calling everyone stupid and praises 4chan. Ok? So anyway…

No_Investigator3369

And a strong case in point is how OP got here today. Just hold it and it will do its thing better than any other asset despite the news stories.

Huge_Drama1077

took ten years to reach 500 billion. at that rate, OP will be waiting 40 more years for 50k.

Ill-Swimming-2264

I'm sharing something can make someone else bread, I never said that ZBCN is doing much more business wise, I even said that crypto is all about money lil bro, I've made good money so far not only on ZBCN but many others. You can say whatever you want, they did all that, and it's gone up like 20%? As I said, you're not the OP, and I'm not telling anybody what they should do with their money, stay mad while I'm doing X3 and X2 every 2 months lmao

BelugaBilliam

OP just needs to invest in a device, move just a little bit over to understand how it works, and then do research on how to back it up. Not your keys, not your crypto.

HBAR_10_DOLLARS

OP just watch the Harvard video

HBAR_10_DOLLARS

OP, when you dig down into it, what you'll find is that Hedera (built on the novel Hashgraph consensus algorithm) is basically the perfect ledger. You cannot make a faster, more efficient, or more secure ledger. I'm talking about the limits of physics. Hashgraph is maxed out. That's not hyperbole, it's real. I recommend watching the gold standard video: Leemon at Harvard. You won't be disappointed. https://www.youtube.com/watch?v=IjQkag6VOo0

NumerisFr

OP check this, that's a good one.

NachoAverageTom

Did he lose any funds? That also wouldn’t be the case with their cold storage. Coinbase has top-tier security and is the best in the game for newbies. There is a far greater chance of the offline device being damaged/lost/stolen and a far far far greater chance for user error. OP isn’t going to forget about $60k this go-around. It’s been safe in hot storage on Coinbase this entire time. Their safest bet is to keep it there on Coinbase and use the cold storage they offer.

Sas_fruit

I don't know about technical details. If u know, u may suggest OP . If he gets it, hopefully he can send u 2% of the entire amount, if u directly helped. I'm just saying, I'm not determining any price for any service

OrangePillar

I didn’t encrypt my wallet for fear of something like this happening one day. OP, it’s possible the wallet is not encrypted, FYI.

scoberly

Maybe just don't do something sketchy like take a strike loan, OP. Borrowing at 10% interest without a job instead of selling a little BTC is dangerous. Coin is an investment that we make to USE one day use - either to retire or for a rainy day, like this one.

Illustrious_Way3898

OP’s story is how people who never planned on selling their crypto get priced out of it. This is also why you have to take profits to allow you to go through extended downturns while still holding on to your crypto and hopefully buy more at a discount. I need to follow my own advice. You never know what will happen in the future.

SherbetFluffy1867

Why not share the actual article? The real interesting thing about it is that it could basically be written today almost exactly the same way and it would still be relevant. Swap out Chinese mining control with mining pool centralization and reframe the civil war around big blocks to OP_Return spam and nothing has really changed. There is still speculation in the space and there are still concerns about centralization of mining and a small contingent of devs with commit access to Core that wield outsized control of the software. We might make fun of it because of the title but outside of the price being dramatically higher the same problems continue to plague us. https://www.washingtonpost.com/news/innovations/wp/2016/01/19/r-i-p-bitcoin-its-time-to-move-on/