^ the lifetime limit is for *all gifts to all individuals* in aggregate.

27offsuit would be best off sending Bitcoin to individual wallets now so that if the price rises substantially in the future he can say he transferred it at today’s valuation, reducing his “lifetime gift” total compared to if they don’t formally take possession until BTC is $250k or something.

If someone is getting free money/Bitcoin, paying 15% long-term capital gains (up to $500k profit) is the least of their concern.

Yeah, that’s my bad. Thanks for the correction.

Seems like his main concern is the people not giving a **** to keep up with their wallet info. But I guess if he sets up a wallet in their name then keeps control, he can accomplish the same thing. Although, it could be argued the gift hasn’t been given until the receiver has control.

Another caveat is the current lifetime gifting exemption is set to expire at the end of 2025. Prior to the 2018 tax law changes, the lifetime exemption was around $5.5 mil. The 2024 presidential election will decide where tax law goes from here, but it’s possible the current lifetime gifting limits are cut substantially.

Also, the 15% bracket isn’t up until $500k long-term capital gain profit. That threshold ($583k MFJ for 2024) is based on total taxable income for the year. There is also a 0% long-term bracket up to $94k taxable (MFJ). There is also a 3.8% net investment tax over $250k AGI (MFJ). + state tax where applicable.

And those are current annual thresholds, so could also spread it out, if price movement allows.

tyty both. I think the 3 unused Nano S's I have will be perfect for this.

Day 1 of Copa vs CSW. Here's a massive thread covering it - https://x.com/bitnorbert/status/1754...698553426?s=20

The way I understand it is COPA has to prove he isn't Satoshi, he gets to prove he is and then the court decides.

Let's hope he doesn't win on some technicality.

From an article , the lawyer of « satoshi » :

Didn’t know it was easy to comeback from the dead to come forward.

If that is all they got for arguments …

jeez well this was humbling lol.

and this is why I hate being partially out of the market.

think I’ll take the L and purchase the FBTC this week.

BTC doing BTC things by reaching levels as a % of ATH never reached before previous halvings.

ETF demand gobbling up 500% of daily supply just a slight new wrinkle this time around.

3 years later almost to the day

Ha that's funny. That's my old place. Memories.

It’s almost like it’s built into the code.

51

CB screwed me... they said that an order I had for btc @ 48k and an order for SOL @ 91 didnt go thru correctly.

fak... idiots.

What does this even mean? They do instant settlement. Not t+2. You should've seen at time of tx whether your bid was matched or not.

It was fulfilled... then they clawed back the order saying the ach didn't approve the transfer of funds. The assets were in my cb account for 5 days, then a portion 95% was clawed back. It is interesting that there was 5% that was left untouched in my account even though they said ach had refused the payment.
I went round and round trying to get them to honor the original orders at the original order fill price because the money was sitting in the bank untouched... but despite escalating it, they said they could not... so I resubmitted the orders at today's prices.
I didn't loose monies, but I did loose portfolio value.

gotcha. tardfi sucks

Sold a good chunk at 46k and bought back in at 41k. My trigger finger is currently very itchy.

Almost there

I feel like this could be a party poker circa 2004 story

not sure you'll get the buy 31 part.

Arbitrage at these levels isn't going to be profitable... it's a better idea to Arbitrage when the movements are a larger percentage of total value as opposed to merely dollar value.

Coinbase earnings killed wall street expectations today

Buying COIN in Dec ‘22 would’ve been a great move. It bottomed around $30.

Would anybody be shocked if it hits north of 500 this bull run?

we gucci

Bravo. You timed that almost perfectly.

early Jan 23 in my tax free account.

That is incredible! Kudos to you.

I bought some COIN and MSTR in Q4 2023 (in anticipation of the likely approval of spot BTC ETFs) but wish I had done so monthly throughout 2023. Also in a tax-free account. I see the MSTR as the purer BTC play, almost an ETF without the fees. However, I think COIN has more upside potential during the coming bull run as it can benefit both directly (higher exchange fees) and indirectly (expanded customer base) from higher crypto prices and sentiment. Also, COIN can pump when BTC is dominant, during altcoin season, and during memecoin season, whereas MSTR is more BTC dependent. Finally, I think COIN has more appeal to non-crypto-savvy investors than MSTR because its business model is easier for them to grasp.

Just for diversification, I also bought a small amount of STCE, the Schwab Crypto Thematic ETF. COIN and MSTR were the top two holdings when I bought it, though it also holds mining stocks and digital payment companies like PayPal and Square (along with GameStop and AMC, I recently discovered, which just seems stupid). I'm curious to see how a diversified basket like that fares compared to COIN and MSTR on their own.