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Bitcoin, Cryptocurrency, Blockchain, and You: Navigating the Future of Tech (a NeoGAF discussion thread)
ThatStupidLion
Member
sooo all you doge pump and dumpers are going to pay your taxes on it right?...right?!
don't get caught with your pants down laymen. youre playing with fire.
don't get caught with your pants down laymen. youre playing with fire.
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Irobot82
Member
I'll be exchanging to another coin. So no realized gains right.......
right?????... uhhh.,.......
ThatStupidLion
Member
i.... dont....think....thats how it works
at least certainly not in the US
(pretty sure youre joking though and already knew that)
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Dynasty8
Member
I've pumped, but I haven't dumped at all.
I don't have much experience with cryptos and tax. Can you elaborate? Is it similar to stocks with paying less taxes with long term capital gains vs more with short term or are there other specific things for cryptos?
Ascend
Member
The whole Gamestop thing is waking people up as to how market manipulation works. In DeFi, this would not be possible. Another positive for crypto.
There are articles and videos all over the internet about it. I'll post a video, although not directly crypto-based, it is important for everyone to understand.
Edit:
Another one, if you prefer someone less robotic lol.
There are articles and videos all over the internet about it. I'll post a video, although not directly crypto-based, it is important for everyone to understand.
Edit:
Another one, if you prefer someone less robotic lol.
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Delf
Banned
Whats everyone's go to for crypto in terms of apps?
I'll prob buy a little doge again when it flatlines and wait for another pump and dump.
I checked out Voyager during the Doge pump but it was a mess and locked up on me a few times. Not any better then how Robinhood was doing at the time.
Mostly wanna buy small chunks of crypto every week. $5 here, $10 there etc.
I'm in the midst of cleaning up my debt ($14k across 4 credit cards, not terrible but I hate it.) so toying around with big money is out of the question till I get this squared away.
I'll prob buy a little doge again when it flatlines and wait for another pump and dump.
I checked out Voyager during the Doge pump but it was a mess and locked up on me a few times. Not any better then how Robinhood was doing at the time.
Mostly wanna buy small chunks of crypto every week. $5 here, $10 there etc.
I'm in the midst of cleaning up my debt ($14k across 4 credit cards, not terrible but I hate it.) so toying around with big money is out of the question till I get this squared away.
{insert code here}
Member
I've been using crypto.com for over a year and it's a been solid app experience for me so far. They offer a free debit card that let's you use your btc (along with a few other cryptos) as cash. You can also collect interest payments on a few different types of crypto through staking. The biggest advantage for me, over banks, is I converted all my USD into stable coins (Pax, USDC, TrueUSD, etc. ) and staked those for much higher interest rates (6-12%) than what a bank gives you.
As always, please do your own research before picking a platform. GL!
haxan7
Banned
Saw XRP up over 40% and decided to check why. Looks like it’s WSB’s doing.
cointelegraph.com
XRP price gains 86% after r/Wallstreetbets’ crypto wing says 'pump it'
XRP price rallied 86% as members of a Reddit-based investing group shifted their focus from Dogecoin.
cointelegraph.com
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RoboEight
Member
Apparently XRP is gonna get a pump and dump on Monday there is a telegram group doing it. I have a bunch of XRP I've been sitting on, it was amusing watching the big jump today but as usual it's coming back down.Saw XRP up over 40% and decided to check why. Looks like it’s WSB’s doing.
XRP price gains 86% after r/Wallstreetbets’ crypto wing says 'pump it'
XRP price rallied 86% as members of a Reddit-based investing group shifted their focus from Dogecoin.
Ascend
Member
And tomorrow my "earn" period ends, which means that in about 20 hours or so I will be able to sell my XRP. The timing couldn't be more perfect this time lol. I can still fall short though. Normally when they announce a pump and dump, generally they say it's going to be later than it really is. This allows them to dump on the buyers thinking they are part of the pump, while in reality they are part of the dump.
In any case, BTC is retesting 33k as expected. This is very healthy. Now we just need to hold it and break above 38k, and we'll highly likely be reaching at least 50-ish k in the next few weeks/months. The longer it takes to go above 38k and the previous ATH, the higher we'll likely go.
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DonMigs85
Member
All the institutions investing in BTC probably don't want it ever sinking below 30K if they can help it
{insert code here}
Member
Mr. Ripples Nipples is looking green and girthy. I don't own any ripples but very impressive nonetheless. Congrats to the XRP army.
Ascend
Member
A few observations on XRP;
I'm fully aware that a pump & dump was announced today for it. I don't think dumping it will be easy considering the volume that came in. I'm still watching for it though. No bearish divergences yet...
- This run up has about twice the volume compared to the last one in November. This is good.
- On the hourly chart, we are holding the 21 SMA as very strong support. It also happens to coincide with the longer term support/resistance level of $0.61.
- The $0.61 level is already broken on the 4h chart, and we are battling to hold it right now. The next 3 hours or so will be key. It will be the difference between a double tweezers bottom at support, or, a breakdown that will take us to at least $0.50 if not lower.
- On the daily chart, we are currently holding that same price as resistance, trying to break above.
- We tested this level back in September of 2018. Then it took about two years to retest it during November 2020. The fact that it is taking merely 2-3 months to retest it likely means we're going to break it and head higher in the medium term.
I'm fully aware that a pump & dump was announced today for it. I don't think dumping it will be easy considering the volume that came in. I'm still watching for it though. No bearish divergences yet...
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DonMigs85
Member
already went from 74 to 55 in a matter of minutes. Wonder if it climbs back up in the next hour or so
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Ascend
Member
There's was sell wall at 61 cents, and right now it just got moved to 62 cents. Aaaand while typing this, 62.5 cents, then back to 61. There's definitely a whale taking profits.
DonMigs85
Member
Let's see if more people fomo in in about 40 minutes or so. But I guess the dumping process could also be in full swing by then
Ascend
Member
The lowest I expect in the short term is around 30 cents. But we'll see.
Ascend
Member
Emotion is a money killer... And... XRP tends to rally when the market is correcting, and tends to dump when the rest of the market is rallying. Not always, but, quite often.
Quixz
Member
The money was better spent on ETH and for now XRP is still cheap enough to get back into.
That's my reasoning
Ascend
Member
Possibly. I just hope you sold it above 60 rather than below 40. Don't be surprised if it decides to pump again shortly. Look at the parallels between KEY and XRP.The money was better spent on ETH and for now XRP is still cheap enough to get back into.
That's my reasoning
In any case... BTC is reaching a key resistance level. If we break above 38k with significant volume, I think I'll start partying.
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ThatStupidLion
Member
Im usually pretty skeptical of youtubers and online personalities giving their thoughts and opinions on crypto, but ill give this one a whirl in coming days because i trust you.
crypto daily is my go-to guy for weekly crypto dose. I used to enjoy jackson palmers videos, but he left the space.
God Enel
Member
same shit i experienced with it. What are you guys here using in general?
How's bitpanda?
Burger
Member
Go read Elon Musk's twitter.
buizel
Banned
Irobot82
Member
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buizel
Banned
Irobot82
Member
Fuck I am famous now! Followers be rolling in yo!alternatively..
