Just found out my parents unironically bought one whole Buttcoin

I have six. Your parents will be wealthy one day.

>>61861250
your parents will lose a thousand dollars, then maybe dip harder back to a grand, bitcoin is 93 percent chinese and should not be fucked with.
t. some guy who pays attention to bitcoin

>>61861334
forgot to mention they might gain back to 3 thousand dollars possibly, but dont say anything just tell them to withdraw at 3000.

>>61861334
You think you know. An important extinction.

>>61861334
>>61861360
also forgot to mention, if your parents used there bank account with bitcoin and bought it with their bank account cash, no offense but alot of fuckin idiots do this buy to many bitcoins and gain lots of cash the feds will be in your asshole.

>>61861386
EDIT: distinction
Sorry about that.

>>61861397
So what? The gains will be great.

>>61861397
how else you do YOU buy?

>>61861408
not for the middle class people, this goes on your taxes as non working funds which is illegal in united states law which blows ass, but hey what can you do its blows ass but you cant just earn funds without saying where they come from. If your an elite or politician then it can be great but most people arent.

>>61861425
you buy from a bitcoin atm, or you get a card from a pharmacy and use that.

>>61861455
are you actually retarded? any monetary gains from cashing out bitcoin are just taxed as capital gains.

>>61861484
you don't even have to pay capital gains tax unless you make over a certain amount anyways

>>61861484
i actually didnt even know this i guess you win this argument

>>61861508

You still have to claim any gains as income if you convert it back to cash.

>>61861334
Not thousands but maybe hundreds. If they hold I think they will be fine years ahead but should've waited for a dip

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>tfw just liquidized 6 grand of eth and had no withdrawal issues
who knew a 600 dollar investment 18 months ago was going to have such incredible returns? hell fucking yeah. Im still sitting on 25 more coins.

>>61861250
Did they buy one of these physical bitcoins?
I wouldn't trust old people storing bitcoins on their windows machines.

>>61861250
Tell them they should convert it to Bitcoin Cash because Bitcoin Core is a terrorist organization.

>>61861250
What's the problem op? Bitcoin is good. You sound jealous.

>>61861250
>Wat do

1. Clean you room
2. Throw out your VR headset, cumbox, and all your anime figurines
3. Get a job
4. Lawyer up and hit the gym
5. Move out of your parents' basement
6. ???
7. Profit

>>61861250
Sell it and buy Monero

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>~2012
>buttcoin major crash for the first time 100$->15$
>panic
>sold 20btc for 350$
>now worth 75,000$

>>61863028
>he sold at the dip
Lmfao

>>61863028
Buy high, sell low, my dude. Trading 101. See >>>/biz/ for more.

>>61861250
>$3500
hahahahahahahaha,
buy high, sell low.
hahahahahahahaha

>>61861250
he says that at a time when 0 people lost money speculating on bitcoin in the last 8 years

>>61861360
Are you dumb? Selling at a loss? It goes up and down thousands of dollars all the time. It can easily go up

>>61861250
I always wondered how is it that anyone who is kinda smart can make money on buttcoins and stock. I guess you should congratulate your parents for giving others a chance to make dosh and contributing to natural selection.

I sold 2 yesterday. But, I bought them pretty high so I only made $2k. Enough to fix my tooth so I'm happy.
But, when I think about how I used to have like 100 of these things 10 years ago it makes me want to kill myself.

>>61861250
they just made $255

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>>61864461
>>61861250

OP here
I'm kinda serious about asking what i should be doing here.

I don't really have any damn experience at all in investment and to be frank my parents have done dumb shit like this before. They bought thousands of dollars worth of Facebook stock when it released at 40 and my dad acted like a huge flake and sold when it dipped to 35 when i told him to sit on it.

Should i try to steal the wallet? Sell it if it bumps to 4K so i dont have to watch BTC like a hawk for when the speculation wave finally crests?

>>61865209
you should mind your own fucking business you little shit.

>>61862477
Checked.
This is the path, anon.

>>61865209
seriously, all that for ONE bitcoin?
well, IF you are that poor then yes
if you parents can afford to loose it, say it's 10% of their savings, let them keep it for a few years

yes it'll probably crash to 2k but in 3 years it'll be 10k

t. fag that bought at the height of the bubble in 2011 (29$) and after it crashed to 2$ and didn't sell

I still can't believe I used to have 1200 btc and used them to lose my virginity at 25.