Author Topic: Bitcoin and Cryptocurrency Thread (Read 197784 times)

Atramental · « **Reply #720 on:** January 08, 2018, 10:02:49 AM »

@demi

Nah, just here.

Also, now that I've hit my 3 BTC/$50K target I'm going keep the rest of my gains to myself.

edit: also, I'm back down to $48K or so. But I'm just gonna keep on earning more sats to counter balance my USD losses.

BobFromPikeCreek · « **Reply #721 on:** January 08, 2018, 10:18:24 AM »

It'll bounce pretty soon I think. CMC basically gave us a small window to snatch up cheap alts. Increased my STRAT and XLM positions.

BobFromPikeCreek · « **Reply #722 on:** January 08, 2018, 10:45:52 AM »

TFW when you time your buy on a flash dip perfectly. Free money from weaker hands.

Atramental · « **Reply #723 on:** January 08, 2018, 02:15:59 PM »

I can only imagine what someone is thinking/feeling when they sell the absolute bottom of a dip.

Probably panic buying back in to ride the wave back up.

Atramental · « **Reply #724 on:** January 08, 2018, 07:20:57 PM »

I don't know about other coins but the ones I'm in seem stuck in a holding pattern this afternoon.

edit: okay, things are starting to move up now.

agrajag · « **Reply #725 on:** January 08, 2018, 11:46:03 PM »

So umm are any of you claiming your crypto profits on your taxes?

benjipwns · « **Reply #726 on:** January 09, 2018, 01:04:06 AM »

How I fell for the blockchain gold rush

Cryptocurrencies that can make millionaires in minutes are justification enough to get out of bed at 5am to gamble

what a noob, sleeping at all

Atramental · « **Reply #727 on:** January 09, 2018, 09:35:00 AM »

Quote from: agrajag on January 08, 2018, 11:46:03 PM

So umm are any of you claiming your crypto profits on your taxes?

I am. Especially if I hit six figures before tax season.

The IRS doesn't fuck around.

I've been using CoinTracker to keep track of all of my gains and losses from my Bittrex trades.

Freyj · « **Reply #728 on:** January 09, 2018, 10:00:46 AM »

I wish they’d just classify it as like-kind property already.

Atramental · « **Reply #729 on:** January 09, 2018, 10:21:35 AM »

Yeah, getting taxed on every single crypto to crypto trade/transaction is pretty fucking ridiculous.

agrajag · « **Reply #730 on:** January 09, 2018, 11:09:08 AM »

You file it as short term capital gains, right?

Brehvolution · « **Reply #731 on:** January 09, 2018, 11:26:35 AM »

You don't file shit. You file it and don't be surprised to get audited so they can look into any past gains not filed in previous years. What you have to do is figure out how you can pull money out without triggering anything. Maybe fly down and open an account in the Caymans.

Skullfuckers Anonymous · « **Reply #732 on:** January 09, 2018, 11:30:27 AM »

Quote from: Atramental on January 09, 2018, 10:21:35 AM

Yeah, getting taxed on every single crypto to crypto trade/transaction is pretty fucking ridiculous.

It goes both ways. If you buy some Bitcoin to spend on Alts and Bitcoin's value goes down before you buy the Alts then you get a taxable loss that subtracts from your gains.

Quote from: agrajag on January 09, 2018, 11:09:08 AM

You file it as short term capital gains, right?

Yeah, unless you've held it for more than a year.

Great Rumbler · « **Reply #733 on:** January 09, 2018, 02:36:33 PM »

Quote from: https://www.animenewsnetwork.com/interest/2018-01-09/tokyo-cryptocurrency-idols-imagine-a-virtual-finance-utopia/.126176

The masked idol maids were brought together to promote a future where initial coin offering (ICO) offer hope, instead of the risks of "fraud" and "crashes" sometimes associated with virtual currency. Each member is promoting a specific cryptocurrency and the group is led by BitCoin Cash idol Rara Nanase. The other members represent the original BitCoin (BTC), Ethereum (ETH), Neo (NEO), Mona (MONA), Cardano (ADA), NEM (XEM), and Ripple (XRP).

VomKriege · « **Reply #734 on:** January 09, 2018, 02:40:06 PM »

One thing I'll hand to Bitcoin stans : Blockchain was indeed the next hype. My LinkedIn feed is obnoxious.

TVC15 · « **Reply #735 on:** January 09, 2018, 03:31:51 PM »

I just got laid off. From a job I liked a lot. Tell me how to get bitcoin rich.

Joe Molotov · « **Reply #736 on:** January 09, 2018, 03:38:08 PM »

Quote from: TVC 15 on January 09, 2018, 03:31:51 PM

I just got laid off. From a job I liked a lot. Tell me how to get bitcoin rich.

Suck Atra's dick.

TVC15 · « **Reply #737 on:** January 09, 2018, 03:41:18 PM »

Quote from: Joe Molotov on January 09, 2018, 03:38:08 PM

Quote from: TVC 15 on January 09, 2018, 03:31:51 PM
I just got laid off. From a job I liked a lot. Tell me how to get bitcoin rich.

Suck Atra's dick.

There's no piss slit in it. It's weird. We're talking about the thing on top of his neck, right?

Atramental · « **Reply #738 on:** January 09, 2018, 03:48:54 PM »

TVC15 · « **Reply #739 on:** January 09, 2018, 04:02:53 PM »

Cmon, Atra. This is a big thread and you’re Daddy here. Is there a good resource for learning/getting started?

Atramental · « **Reply #740 on:** January 09, 2018, 04:10:37 PM »

Tbh, I just used YouTube, Twitter, and followed Cryptoverter's signals to get where I am:
https://discord.gg/MTabwFZ

No genius/expertise on my part except from the time when I paper traded forex markets.

The one thing that may slow you down is that certain crypto exchanges have ceased new member sign-ups.

BobFromPikeCreek · « **Reply #741 on:** January 09, 2018, 06:21:38 PM »

Ether hitting ATH and alts are bleeding

Fucking crypto

Atramental · « **Reply #742 on:** January 09, 2018, 06:48:44 PM »

Threw in about 1 BTC worth in the current/recent Burst dip.

Big buy orders seem to inspire confidence in the other buyers.

edit: and some bastard put up a 1.5667 BTC sell wall at 640 sats.

Brehvolution · « **Reply #743 on:** January 09, 2018, 07:58:06 PM »

Quote from: TVC 15 on January 09, 2018, 03:31:51 PM

I just got laid off. From a job I liked a lot. Tell me how to get bitcoin rich.

I'm sorry to hear that.

I'm sure your experience will land you a better job when you want it.

Atramental · « **Reply #744 on:** January 09, 2018, 09:41:32 PM »

Hindsight is 20/20 but my god I should've just went into tether when I had north of $50K

Shit is just fucked on my end.

BobFromPikeCreek · « **Reply #745 on:** January 09, 2018, 09:47:34 PM »

Man, have you ever used EtherDelta to buy alts? What an absolute pain in the ass.

Atramental · « **Reply #746 on:** January 09, 2018, 10:01:36 PM »

Nah, and I don't plan to.

Bittrex is frustrating enough as it is.

BobFromPikeCreek · « **Reply #747 on:** January 09, 2018, 10:10:45 PM »

I've also used Cryptopia, CoinsMarkets and EtherDelta at this point and they all make Bittrex seem like magic.

Atramental · « **Reply #748 on:** January 09, 2018, 10:22:37 PM »

I assume you're using those exchanges to get some sub 100 sat shitcoins before they moon?

Also, I'm doing somewhat of a risky maneuver before I go to bed. I'm all in alts so... if bitcoin pumps I'm fucked. If bitcoin dumps I'm fucked. If bitcoin goes sideways I'll be okay.

BobFromPikeCreek · « **Reply #749 on:** January 09, 2018, 10:52:45 PM »

I've had a lot of success with scooping up low market cap coins so far. CRED, COLX and XBY for example.

CatsCatsCats · « **Reply #750 on:** January 10, 2018, 01:00:01 AM »

I’m getting a heavy amount of Facebook ads for crypto shit, I suspect it’s because I closely follow this thread for drama potential. Apparently there’s one that’s somehow tied to cannabis or something, lol targeted ads

toku · « **Reply #751 on:** January 10, 2018, 01:46:04 AM »

whats the future of Litecoin looking like atra-chan

Atramental · « **Reply #752 on:** January 10, 2018, 07:44:29 AM »

It looks like it could breakout and go up but I mainly use litecoin for its fast transfer speeds and not so much to hold/trade with.

But its price action is pretty much tied with bitcoins. So if bitcoin goes up it will as well.

Also, I think I'm not going to actively trade for a week or two and just hold and wait for my alts to rise.

spoiler (click to show/hide)

Seeing 10 grand evaporate over a matter of days is fucking brutal. $:-\$

[close]

BobFromPikeCreek · « **Reply #753 on:** January 10, 2018, 10:29:03 AM »

Last couple days, last night particularly, have been rough for sure.

Atramental · « **Reply #754 on:** January 10, 2018, 10:34:46 AM »

I'm slowly beginning to realize that as soon as I feel like celebrating about my gains it's time for me to GTFO and go into tether/USDT. At least while BTC is bearish.

But in 3 or 5 days BTC might reverse and go bullish for all I know.

BobFromPikeCreek · « **Reply #755 on:** January 10, 2018, 10:44:22 AM »

I'm tempted to figure out how to make my own shitcoin, since it's clearly the easiest way to make money right now. Just need a slick logo and a ticker symbol with an X in it.

Atramental · « **Reply #756 on:** January 10, 2018, 10:54:42 AM »

Well, if you need someone to design your shitcoin's logo I'm your guy.

CatsCatsCats · « **Reply #757 on:** January 10, 2018, 12:54:24 PM »

Plz make borecoin, and then gimme some, I wanna play

toku · « **Reply #758 on:** January 10, 2018, 03:55:43 PM »

make...marks coin

bless up

https://twitter.com/_stevethornton/status/951021223487660032

Atramental · « **Reply #759 on:** January 10, 2018, 09:48:40 PM »

I'm in this conundrum at the moment.

I'll holding 4, currently, light bags and 1 heavy bag.

Part of me wants to sell at a slight loss and just go all in on BTC and buy back into the alts, I'm currently looking at, at a lower price. (they could potentially bleed for days)

OR I just keep on holding and HOPE that 2 or 3 of them pump up.

edit: I think no matter what I do I'll get fucked over some how.

Atramental · « **Reply #760 on:** January 10, 2018, 10:45:52 PM »

bleeding out really bad now...

$50K+ was the magic number in my head. I told myself I was going to cash out most of it after that point but nah I just had to keep on going

edit: $53K to now $39K jesus....

Atramental · « **Reply #761 on:** January 10, 2018, 10:55:27 PM »

All my coins are dumping.

BobFromPikeCreek · « **Reply #762 on:** January 10, 2018, 11:02:18 PM »

It's an absolute massacre right now....

Atramental · « **Reply #763 on:** January 10, 2018, 11:03:41 PM »

https://www.cnbc.com/2018/01/10/south-korea-official-reportedly-readying-bill-to-ban-all-cryptocurrency-trading.html
https://www.nytimes.com/reuters/2018/01/10/technology/10reuters-southkorea-bitcoin.html?smid=tw-share

This might have something to do with it.

Fucking Korea.

edit: I'm probably not going to look at my bittrex account for a week at this point and just hope things snap back up.

BobFromPikeCreek · « **Reply #764 on:** January 10, 2018, 11:04:18 PM »

Was just about to post that.

sigh

Atramental · « **Reply #765 on:** January 10, 2018, 11:07:04 PM »

If anyone wants to buy RLC, MCO, STEEM, SIACOIN, and BURST they're going to be super cheap pretty soon.

edit: Also, I'm just going to hold all of these alts. My time to exit them while still being ahead has already past.

They all seem to be solid coins with promising fundamentals behind them. Hopefully that saves them in the long run.

Atramental · « **Reply #766 on:** January 10, 2018, 11:17:37 PM »

Anyways, in the meantime...

Atramental · « **Reply #767 on:** January 10, 2018, 11:24:45 PM »

https://mobile.twitter.com/iamjosephyoung/status/951300898571018241

Then why the fuck is everyone panic selling?

Atramental · « **Reply #768 on:** January 10, 2018, 11:37:22 PM »

Going so balls deep into burst was a bad idea.

Weak hands are dropping it so fast. $:-\$

edit: I'm just going to pretend I've started out with $7000 all over again after the dust settles.

edit2: RLC seems to be holding out pretty well. That news tomorrow better be good.

naff · « **Reply #769 on:** January 11, 2018, 12:15:18 AM »

Sounds like a good time to pop back in? Got 0.03 btc from when i dipped my toes in this years ago alongside some doge and digitalcoin (DGC... could i even trade this now?). Daddy needs a new pair o shoes.

naff · « **Reply #770 on:** January 11, 2018, 12:27:12 AM »

Sorry for your pain Atra. Gamblings a tough racket, at least you're still way up! I sometimes get pangs of regret thinking about how much btc i wasted in its halcyon days.

demi · « **Reply #771 on:** January 11, 2018, 12:30:36 AM »

Bail out atra partys over, take your ill gotten gains and run

Freyj · « **Reply #772 on:** January 11, 2018, 12:53:31 AM »

I'm holding about equal bags of ADA (mostly bought at 600 sats) and XLM (50% 2100 sats 50% 3800 sats).

Unlikely to lose money, but I could've doubled my shares of each selling the ATH a little while back.

Atramental · « **Reply #773 on:** January 11, 2018, 02:01:40 AM »

Back in 3 BTC land for now.

Assimilate · « **Reply #774 on:** January 11, 2018, 10:50:21 AM »

was i stupid to put in another 1k into ripple and another 600 into ether?

i made over 1k so far but is it time to get out? i'm scared. i'm in for a total of $3600

BobFromPikeCreek · « **Reply #775 on:** January 11, 2018, 11:54:58 AM »

XLM once again pulling my portfolio out of the depths

Atramental · « **Reply #776 on:** January 11, 2018, 12:48:46 PM »

Quote from: Assimilate on January 11, 2018, 10:50:21 AM

was i stupid to put in another 1k into ripple and another 600 into ether?

i made over 1k so far but is it time to get out? i'm scared. i'm in for a total of $3600

Time will tell.

Also, I feel incredibly dumb holding 5 alts that are just stagnant.

And I'm feeling rather burnt out as well. I probably should just step away and not look at charts for a week again.

BobFromPikeCreek · « **Reply #777 on:** January 11, 2018, 06:23:11 PM »

I think I'm going to just walk away for the rest of the week too. I have my portfolio. I'll only look when Delta notifies me that something is gaining hard or dropping hard.

Atramental · « **Reply #778 on:** January 11, 2018, 06:40:22 PM »

I guess I should be glad that I’m not starting out now and that I actually had some time to accrue a bunch of profits since last year.

I just hope we’re not going into a year long bear market.

edit: Also, if for some crazy reason I get back to $50K again I'm cashing out $10K of it ASAP. Fuck trying to be hero and trading with so much money all at once.

Atramental · « **Reply #779 on:** January 11, 2018, 07:07:47 PM »

News:

Author Topic: Bitcoin and Cryptocurrency Thread (Read 197784 times)