Posted:
#1
In the process of setting up a few accounts , and so far not impressed. The customer service guys cannot figure out Skype. I will keep you posted.
Never Make A Winner A Loser. Never.
asianconnect88
Views: 1901
Posts: 14
Posted:
#5
Quote Originally Posted by yngswift:
pm me info on how to get involved if you can bro thanks and GL!!
pm me info on how to get involved if you can bro thanks and GL!!
I sent you the info that Van sent me.....the process worked.
The only bitching point that I have is that somewhere between all of the exchanges that took place, I was short about 10.4%. That is not good at all. NO bueno.
If anyone can tell me how to streamline the process to cut down the slippage, then fire away.
Never Make A Winner A Loser. Never.
Posted:
#8
Time to process a withdrawal.........
When I deposited I got 239 EU to the Bitcoin, and now on the withdrawal I am getting 233 EU to the BItcoin.
If anyone knows where I can pull a chart of EU/Bitcoins that streams in real time let me know.
I will keep you guys posted on how this goes.... Request made for withdrawal at 7:50 mtn time Monday August 17.
Never Make A Winner A Loser. Never.
Posted:
#12
I was just reading this from another bettor who was telling me the dangers and hardships of using bitcoin. I am starting to doubt that bitcoin is worthwhile at all. Check this out.
Oh, and if you bought 10 bitcoins for say, $3,000, then won at your sportsbook, and now cashed out 20 bitcoins (and then to make this example simple, let's say bitcoin value stayed exactly the same), you'll now cash out $6,000. Guess what? The IRS will see that as you having a capital gain of $3,000. So you'll pay taxes on that as well."
"This certainly puts a damper on things. Each time you buy a bitcoin, circle or coinbase records it as a "taxable event." According to the IRS, you "may" owe taxes just for buying the bitcoin, even if it loses value. But if it gains in value before you convert it back to cash, or you are lucky enough to win, now you owe even more to the IRS come tax time. Plus, your tax return will be much more difficult to file, unless you already do trades and own stocks, in which case you already have someone doing your taxes."
I did want to use this avenue until reading this and talking to some people. I'll do some more research. Good luck with your bets and your bitcoin transfers.
Posted:
#13
It depends on whether or not Bitcoins are considered an investment vehicle. I am not an accountant or tax law guy, so my input on this subject is near worthless.....but, I would see the only taxable event as being the transfer from your bitcoin account to your bank account......to actually consider buying bitcoins as an investment vehicle, may be grabbing.
Often times in trading, you pay taxes on your net income....not each individual trade.
To each his own......I will say that asianconnect is fast with the payouts.....very impressive
Never Make A Winner A Loser. Never.
Posted:
#14
Quote Originally Posted by bigvern1013:
It depends on whether or not Bitcoins are considered an investment vehicle. I am not an accountant or tax law guy, so my input on this subject is near worthless.....but, I would see the only taxable event as being the transfer from your bitcoin account to your bank account......to actually consider buying bitcoins as an investment vehicle, may be grabbing.
That is awesome to hear about asianconnect. 
Often times in trading, you pay taxes on your net income....not each individual trade.
To each his own......I will say that asianconnect is fast with the payouts.....very impressive
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