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Anyone else playing around with cryptocurrency?
- Thread starter Steel+Killer
- Start date
Imo,
Bitcoin is a solid long term investment but has the lowest short term gain relelative to the rest. Its like the gold standard.
I see Ethereum like an early bitcoin and has the most potential over the med/long term plus it's being adopted as a usable currency.
Doge is a phenomenon. Its like the poor mans crypto. Its also being adopted as a usable curremcy. It also has the most short term potential. Its projected to quadruple in 6mo.
Safemoon is a gamble at .000005 cents.
Could be worse.
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A week ago Doge was at .27, its at .60 today
You would have doubled your money
You would have doubled your money
Yeah I've sense bought about 11 other crypto currencies for pennies. Don't expect anything. But if they do skyrocket, that would be nice. Got in on doge when it was 30 cents. Should have bought more but of well.
The crypto market is weird. I've noticed that most days it all tanks at the same time. Right now everything is tanking but doge haha.
The crypto market is weird. I've noticed that most days it all tanks at the same time. Right now everything is tanking but doge haha.
I got in a $0.24 so I doubled my investment. I just wish I went bigger to start.......
I’ve been investing in the coins and paying taxes since 2017. Every sale is a taxable event. If you hold the coin less than a year, the profit is treated as regular income. If you hold for longer than a year, long term capital gain, taxed at 15% for most of us. Some explained above about BTC records being available to the public, or IRS. It’s a public ledger, this is part of the attraction of these coins. I believe all of the coins and their transactions or records are public ledgers. The IRS can figure it out. Coinbase will rat you out and will start sending a 1099. Some customers are already receiving a 1099.
I put money in my account to buy but it looked like it was peaked around $35 so I was waiting. Kicking myself now for not getting in earlier
Divi because it’s cheap/dividends
XRP cheap but going up
Link bought for $2 and it’s up in 30’s
BTC got a tiny amount
KNC I don’t remember why. Cheap?
XRP cheap but going up
Link bought for $2 and it’s up in 30’s
BTC got a tiny amount
KNC I don’t remember why. Cheap?
You can with a vpn using another country maybe Singapore allegedly. And maybe an exchange you use when that vpn is on like Bitrue. Turn the vpn off before you access anything else or you will lock your account.
If anyone wants to watch Divi. I missed buying at .052, it’s up above .07 now and the Divi wallets drops on the App Store on Friday of this month. Also supposed to be listed on a tier 1 exchange sometime this month. No idea where or how high it could go but just something to keep the peepers on.
I buy my Bitcoin on both Coinbase and Gemini. But I have heard you can deposit it into other exchanges to trade various coins on the inter webs. Keep track of your vpn usage/location for any sites you want to use one for and the passwords/ wallet addresses you use.
It's a bit of a pain but yes. I bought some on Bitrue and transferred to my coinbase wallet.
lol, being a fucking poor, i got some siacoin because it is only $0.04 
sia.tech
Sia - Decentralized data storage
Cryptography has unleashed the latent power of the Internet by enabling interactions between mutually-distrusting parties. Sia [sigh-uh] harnesses this power to create a trustless cloud storage marketplace, allowing buyers and sellers to transact directly. No intermediaries, no borders, no...
sia.tech
Haha I bought a shit ton. Just because it's cheap. If it goes up I profit. If it tanks well then I lost a 100 rounds of 9mm.lol, being a fucking poor, i got some siacoin because it is only $0.04
Sia - Decentralized data storage
Cryptography has unleashed the latent power of the Internet by enabling interactions between mutually-distrusting parties. Sia [sigh-uh] harnesses this power to create a trustless cloud storage marketplace, allowing buyers and sellers to transact directly. No intermediaries, no borders, no...
I don't have a single dime in crypto, but out of 2 friends who have one has made a pile of cash in Bitcoin. He has punched out and is now short some of the crypto sector. He has very large balls. Now I'm super interested to watch if he hits a home run or gets destroyed. Got these articles from him still reading, but thought some of you guys in this space might enjoy.
seekingalpha.com
seekingalpha.com
Why I Am Shorting The Bitcoin Bubble Now (BTC-USD)
Bitcoin failed to deliver its promises during the last 12 years of existence. Read this article to learn why I'm shorting the Bitcoin bubble.
seekingalpha.com
What The Charts Are Screaming About Bitcoin And Ethereum (Cryptocurrency:BTC-USD)
Bitcoin and Ethereum: market history is repeating itself. Technical analysis provides bearish signal for both cryptocurrencies.
seekingalpha.com
Some things ive learned so far.
-Whatever you do, DO NOT panic sell if it starts crashing.
-Get ready to buy more on the bottom of the dip.
It will go back up.
-at a certain point It can be smart to take your initial investment out.
-if you want to cash out do it on a record high.
-Whatever you do, DO NOT panic sell if it starts crashing.
-Get ready to buy more on the bottom of the dip.
It will go back up.
-at a certain point It can be smart to take your initial investment out.
-if you want to cash out do it on a record high.
I'm not investing shit until the bubble we are teetering on pops. It would be interesting to see what happens to crypto as it isn't backed by anything which could be a positive or a negative.
I personally would avoid meme based coins as unless someone pimps them their value will fall hard and fast.
I personally would avoid meme based coins as unless someone pimps them their value will fall hard and fast.
Been dabbling in crypto for the last few years, bought into bitcoin at 10k (aud) and also made some coin on xrp and enjin.
I get this vibe that there is a group of whales (that communicate with each other) that will pick a coin an pump it..
Look at low cost coins over the last year an watch them pump 40% in 24hrs
But I dunno
I get this vibe that there is a group of whales (that communicate with each other) that will pick a coin an pump it..
Look at low cost coins over the last year an watch them pump 40% in 24hrs
But I dunno
Now the SEC wants to regulate the crypto markets...........After all, they just want to protect us:
www.barrons.com
End of the party coming soon.......................
Cryptocurrency Exchanges Need Direct Regulation, SEC Chair Says
The head of the SEC says Congress needs to create a regulatory framework to oversee cryptocurrency exchanges in the U.S., because current laws don’t really put any regulator directly in charge of them.
www.barrons.com
End of the party coming soon.......................
They want them tax monies.Now the SEC wants to regulate the crypto markets...........After all, they just want to protect us:
Cryptocurrency Exchanges Need Direct Regulation, SEC Chair Says
The head of the SEC says Congress needs to create a regulatory framework to oversee cryptocurrency exchanges in the U.S., because current laws don’t really put any regulator directly in charge of them.
End of the party coming soon.......................
If they say they want to “protect us” or it’s for “our security” it always seems to get a pass.Now the SEC wants to regulate the crypto markets...........After all, they just want to protect us:
Cryptocurrency Exchanges Need Direct Regulation, SEC Chair Says
The head of the SEC says Congress needs to create a regulatory framework to oversee cryptocurrency exchanges in the U.S., because current laws don’t really put any regulator directly in charge of them.
End of the party coming soon.......................
Reading those seeking-alpha articles above, I didn't realize there were so many cryptos. As someone completely new to investing and having zero in crypto, how are crypto currencies created out of thin air? I don't get it? I know the Fed creates fiat currency out of thin air (money printer go, brrrrrrr) but 4,000 cryptos!?!
Also, i don't get that you pay in fiat money to get digital/crypto money.....what are the crypto's doing with the fiat money they receive? It all makes my head hurt.
Also, i don't get that you pay in fiat money to get digital/crypto money.....what are the crypto's doing with the fiat money they receive? It all makes my head hurt.
They already do.. in fact.. when filing your taxes.. it explicitly asks if you bought or sold any cryptocurrencies in the past year.
Seems like Elon Musk just sent Crypto into a tailspin.
www.yahoo.com
Bitcoin, Dogecoin sink after Elon Musk walks back Tesla's support for crypto transactions
Elon Musk said on Wednesday that Tesla would stop accepting Bitcoin in car purchases.
As much as $365 billion wiped off cryptocurrency market after Tesla stops car purchases with bitcoin
Tesla CEO Elon Musk said Tesla would suspend car purchases using bitcoin, wiping off billions of dollars of value from the cryptocurrency market.
www.cnbc.com
Lucky you if you bought on the dip today. It was a good time to get in. Everything is back up like 15% to 25% from the low. Its only going up.
Ethereum is probably your safest bet.
Ethereum is probably your safest bet.
I’ve been around long enough to witness a few boom/bust cycles. You can tell when the ride is coming to an end when everybody you know is talking about all the money they’re making.
I just spoke with a few 50+ dudes who are buying doge coin. They’re making money.
I’ll be here buying land.
I just spoke with a few 50+ dudes who are buying doge coin. They’re making money.
I’ll be here buying land.
Just as an update my buddy just made an absolute pile shorting the 'bull' crypto market. Between his long and short positions I'll hand it to him BAM!
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