Author Topic: Bitcoin and Cryptocurrency Thread (Read 197202 times)

toku · « **Reply #900 on:** January 24, 2018, 12:41:33 PM »

https://qz.com/1183173/cryptocurrency-mining-is-now-so-big-its-showing-up-in-tsmcs-earnings/

Skullfuckers Anonymous · « **Reply #901 on:** January 24, 2018, 01:05:25 PM »

Has anyone tried filling their cryptocurrency tax trades yet? I've got an 8949 form from https://cointracking.info but the two free tax providers I tried (HR Block and Credit Karma) don't appear to accept the 8949 form and instead want you to manually input all the trades and then they'll build the 8949 form from that. Anyone know of a tax software that automatically imports the 8949 form? Otherwise it's going to be a pain entering in all my trades (100 ish) manually.

Atramental · « **Reply #902 on:** January 24, 2018, 01:21:20 PM »

Not yet. I have thousands if not hundreds of thousands of trades...

I have no idea how I'm going to file all of those.

Joe Molotov · « **Reply #903 on:** January 24, 2018, 01:28:04 PM »

Quote from: Atramental on January 24, 2018, 01:21:20 PM

Not yet. I have thousands if not hundreds of thousands of trades...

I have no idea how I'm going file all of those.

It may be easier to just go to jail.

toku · « **Reply #904 on:** January 24, 2018, 02:40:20 PM »

https://www.npr.org/sections/thetwo-way/2018/01/24/580259163/50-cent-i-forgot-taking-700-bitcoins-for-2014-album-stake-is-now-worth-millions

Joe Molotov · « **Reply #905 on:** January 24, 2018, 03:55:13 PM »

Quote from: toku on January 24, 2018, 02:40:20 PM

https://www.npr.org/sections/thetwo-way/2018/01/24/580259163/50-cent-i-forgot-taking-700-bitcoins-for-2014-album-stake-is-now-worth-millions

Atra annihilated.

thisismyusername · « **Reply #906 on:** January 24, 2018, 04:56:26 PM »

If only Atra accepted bitcoins for his graphic design work earlier.

Atramental · « **Reply #907 on:** January 24, 2018, 06:25:40 PM »

>implying that people want to pay for design work in the first place

naff · « **Reply #908 on:** January 24, 2018, 11:00:43 PM »

living in an island tax haven

(no CGT here)

I have no idea how i would use this to help y'all avoid ur dang US gubmint tax tho..

Assimilate · « **Reply #909 on:** January 25, 2018, 11:47:31 AM »

Quote from: Huff on January 24, 2018, 09:09:18 AM

I'm on it with no issues so far

this one isn't a scam like that other one is it? have you pulled your money out with ease before ?

Syph · « **Reply #910 on:** January 25, 2018, 09:52:16 PM »

XLM...keep an eye out

Huff · « **Reply #911 on:** January 25, 2018, 10:53:27 PM »

Quote from: Assimilate on January 25, 2018, 11:47:31 AM

Quote from: Huff on January 24, 2018, 09:09:18 AM
I'm on it with no issues so far

this one isn't a scam like that other one is it? have you pulled your money out with ease before ?

It’s been real easy to put money in so far

Skullfuckers Anonymous · « **Reply #912 on:** January 26, 2018, 04:44:41 PM »

Robinhood is adding crypto trading to it's platform in Feburary with no fees. They're starting with BTC and ETH and you will be able to instantly transfer up to $1000 from a bank account at a time. If it's as good as it sounds, I probably won't be using coinbase anymore.

Atramental · « **Reply #913 on:** January 26, 2018, 07:06:12 PM »

kingv · « **Reply #914 on:** January 26, 2018, 07:11:41 PM »

https://www.google.com/amp/s/amp.businessinsider.com/bitcoin-millionaire-erik-finman-cryptocurrency-2018-1

Is this the same as your Uber driver?

Atramental · « **Reply #915 on:** January 26, 2018, 07:27:17 PM »

headwalk · « **Reply #916 on:** January 28, 2018, 01:24:50 AM »

https://mobile.twitter.com/coindesk/status/957381065190133767

never saw that coming.

VomKriege · « **Reply #917 on:** January 28, 2018, 06:01:25 AM »

Zomgee already posted one but I can't stop laughing :

Profit Profit Profit show me that Daily Profit.
Interest rates are dope yo.
(The 90 vibe of the song and video is pretty adorable, apart from being the face of a billion dollar scam).

Freyj · « **Reply #918 on:** January 28, 2018, 06:11:13 PM »

Everything I see about BitConnect reminds me of when I worked at an agency that had an MLM client. It's the exact same bullshit, commissioning music videos and shit, pulling Carlos up on stage to brag about how much money he was making and dissuade criticism from your significant others.

Tasty · « **Reply #919 on:** January 28, 2018, 06:44:17 PM »

Great Rumbler · « **Reply #920 on:** January 28, 2018, 07:56:49 PM »

Totally didn't realize that Tai "Here in my garage" Lopez is now going all-in on Bitcoin, but I shouldn't be surprised:

Joe Molotov · « **Reply #921 on:** January 29, 2018, 10:40:22 AM »

https://gizmodo.com/cryptocurrency-scam-site-disappears-leaving-only-the-w-1822509367

Raist · « **Reply #922 on:** January 29, 2018, 11:13:56 AM »

Quote from: Tasty Meat on January 28, 2018, 06:44:17 PM

(Image removed from quote.)

Atramental · « **Reply #923 on:** January 29, 2018, 07:46:07 PM »

Atramental · « **Reply #924 on:** January 30, 2018, 12:19:53 PM »

http://boards.4chan.org/biz/thread/7102701

The absolute state of /biz/

Atramental · « **Reply #925 on:** January 30, 2018, 01:34:41 PM »

https://www.bloomberg.com/news/articles/2018-01-30/crypto-exchange-bitfinex-tether-said-to-get-subpoenaed-by-cftc

OH FUCK

headwalk · « **Reply #926 on:** January 30, 2018, 01:37:52 PM »

should've listened to me and my four days of crypto knowledge.

Atramental · « **Reply #927 on:** January 30, 2018, 02:20:21 PM »

I just can't fucking win can I?

Atramental · « **Reply #928 on:** January 30, 2018, 02:23:35 PM »

https://twitter.com/BTCVIX/status/958416711526617088

The fucking subpoena was sent back on December 6th.

FUCK YOU BLOOMBERG YOU FUDDING FUCKS.

Syph · « **Reply #929 on:** January 30, 2018, 02:36:56 PM »

JUST HODL

Great Rumbler · « **Reply #930 on:** January 30, 2018, 02:48:03 PM »

So how many people have committed suicide this month?

Atramental · « **Reply #931 on:** January 30, 2018, 03:14:25 PM »

Too many.

Or maybe not enough if you're a Wallstreet shark waiting to buy a fuck load of BTC.

Atramental · « **Reply #932 on:** January 30, 2018, 03:28:32 PM »

Somebody on /biz/ just posted his massive buy order on GDAX @ $5000. He sold BTC around $13K.

toku · « **Reply #933 on:** January 30, 2018, 04:01:43 PM »

http://www.businessinsider.com/facebook-bans-bitcoin-cryptocurrency-ico-ads-2018-1

Atramental · « **Reply #934 on:** January 30, 2018, 04:22:56 PM »

ZUCC'D

edit: for the record, I’m not looking at my Bittrex balance until end of February or early March...

VomKriege · « **Reply #935 on:** January 30, 2018, 08:42:53 PM »

Quote from: Freyj on January 28, 2018, 06:11:13 PM

Everything I see about BitConnect reminds me of when I worked at an agency that had an MLM client. It's the exact same bullshit, commissioning music videos and shit, pulling Carlos up on stage to brag about how much money he was making and dissuade criticism from your significant others.

Didn't know they made music videos too but yeah the now infamous event was straight get rich quick ~~pyramid scheme~~ MLM pep talk playbook.

Some of the fallout and videos about BitConnect fall has been interesting, notably how some YouTube influencers were easily compromised by known swindlers (one of whom allegedly bragged on Facebook he got paid big EZ money for sending photos of the other, an attractive woman, to Nigerians so they could run catfish scams !).

Crypto is a gift from heaven for conmen, techno babble to convince the easily persuaded, make the impossible sound plausible and the allure of big quick profits for a crowd too impatient to invest money in more traditional avenues with smaller margins (no offense to anyone here meant).

Huff · « **Reply #936 on:** January 30, 2018, 09:19:13 PM »

Well I’ve only lost money so I dare them to audit my coins

Assimilate · « **Reply #937 on:** January 30, 2018, 11:26:34 PM »

i wanted to recoup some of the stupid litcoin and bitcoin losses but it doesn't look like i ever will.

Atramental · « **Reply #938 on:** January 31, 2018, 02:23:27 PM »

Atramental · « **Reply #939 on:** January 31, 2018, 02:41:33 PM »

Synced up all of my exchange data to Cointracker.io to see how bad the damage is....

~$40K in profits gone. Just gone.

Syph · « **Reply #940 on:** January 31, 2018, 03:40:02 PM »

It's ok my friend. Just HODL

spoiler (click to show/hide)

and pray

[close]

I had a dream last week that ether hit 6k
Time to dream it into reality

Atramental · « **Reply #941 on:** January 31, 2018, 04:35:33 PM »

This support line coming up shall be the next moment of truth...

curly · « **Reply #942 on:** January 31, 2018, 04:49:02 PM »

is this meme dead yet

naff · « **Reply #943 on:** January 31, 2018, 04:54:11 PM »

u didn't cash out anything after it came back up in jan atra? sheeeeeeeeeit

Atramental · « **Reply #944 on:** January 31, 2018, 04:59:32 PM »

I was locked into a bunch of alts and didn't sell at their recent peaks because silly me thought they would be able to fight against BTC's influence.

Also, this is right around the time Cyrptoverter's alt signals went from runaway winners to suck-ass losers due to the BTC bear market.

edit: I should've sold all my Burst and Siacoin when I had the chance and put them into better alts.

edit2: Also, another thing that's annoying is even if I sold those alts at their peaks they would've ended up back into BTC because BTC trading pairs are what I'm the most comfortable with. Plus, all the Tether FUD was making me not want to put my satoshi gains into it to maintain my USD value for fear that it would all vanish over night.

edit3: another thing, it doesn't help that I work full-time and have to maintain a normal sleep schedule. So I can't be sitting at my computer looking at charts all day making sure I'm buying every dip and selling every peak.

Hell, I'm usually asleep when most of the action is going on.

naff · « **Reply #945 on:** January 31, 2018, 06:27:20 PM »

Can anyone here actually explain how the fuck Tether works regarding the 1:1 investment and maintaining parity with USD (relatively)? There's no actual way to convert your Tether to USD (outside of a select few) with Tether LTD, but i still use it acknowledging it feels very shady, but it's too handy not to fuck with. Interested in what happens when (inevitably it seems) faith is lost in it.

demi · « **Reply #946 on:** January 31, 2018, 10:11:10 PM »

Quote from: Atramental on January 31, 2018, 04:59:32 PM

I was locked into a bunch of alts and didn't sell at their recent peaks because silly me thought they would be able to fight against BTC's influence.

Also, this is right around the time Cyrptoverter's alt signals went from runaway winners to suck-ass losers due to the BTC bear market.

edit: I should've sold all my Burst and Siacoin when I had the chance and put them into better alts.

edit2: Also, another thing that's annoying is even if I sold those alts at their peaks they would've ended up back into BTC because BTC trading pairs are what I'm the most comfortable with. Plus, all the Tether FUD was making me not want to put my satoshi gains into it to maintain my USD value for fear that it would all vanish over night.

edit3: another thing, it doesn't help that I work full-time and have to maintain a normal sleep schedule. So I can't be sitting at my computer looking at charts all day making sure I'm buying every dip and selling every peak.

Hell, I'm usually asleep when most of the action is going on.

LMAO at all the excuses

You fucked up YET AGAIN you fucking soy boy, deal with it

Atramental · « **Reply #947 on:** January 31, 2018, 10:27:02 PM »

o-okay

Cerveza mas fina · « **Reply #948 on:** February 01, 2018, 06:37:49 AM »

Sell now and buy when it hits rock bottom in a few months

I made 10 bucks on crypto in a day so you can trust me

Atramental · « **Reply #949 on:** February 01, 2018, 06:47:49 AM »

I'm way past that point now. I should've done that back when I was hovering at $40K. Selling near the bottom would be the cowards way out.

And I can't really sell into fiat so easily from bittrex (all it has is USDT/Tether which is the controversial crypto that's pinned to the value of the US dollar). I would have to transfer it back to coinbase via litecoin, due to it have the fastest transaction speeds, and hope litecoin doesn't dump too fast. Also, I could use ETH (its transaction speed is a lot slower though) but I don't like buying into coins that have recently pumped for fear that'll dump soon.

I'm holding out for February 16th which is the Chinese New Year for 2018. That's usually the holiday when things start to turn around in crypto.

Atramental · « **Reply #950 on:** February 01, 2018, 07:27:21 AM »

I'm holding until this coming December. Fuck it.

zomgee · « **Reply #951 on:** February 01, 2018, 07:40:19 AM »

kingv · « **Reply #952 on:** February 01, 2018, 07:59:33 AM »

Quote from: Shostakovich on February 01, 2018, 07:21:08 AM

It's my hope that the following doesn't come off as too officious and that you'll read it with an open mind:
1. Hubris in not selling on a downward trajectory is just the irrational belief that it will be higher if you just hold out. You have no way of knowing that.
2. The illiquidity of an asset means you should act less recklessly with it, not more.
3. The phrase pumping and dumping comes from a fairly specific market manipulation tactic. Whenever I hear that a share price is being pumped, I am usually skeptical that there is really someone on the other end pumping it up and I usually consider it just a paranoid narration of any benign but random fluctuations.
4) Believing that anything will happen around Chinese New Year is really magical thinking.
You should get out now while the people still holding out in the bubble are supporting the price up. I want to see you roll around in those mad gains. Being able to participate in a bubble is usually a once in a lifetime opportunity for people, and most of them don't even profit.

Usually I would agree with 3, but I think crypto is a special case where the market cap, illiquidity, and asset concentration might sometimes actually be affected by intentional manipulation. Especially the alt coins.

Cerveza mas fina · « **Reply #953 on:** February 01, 2018, 08:18:51 AM »

How about you cash out your initial investment only, and ride the wave with any profit you have.

Huff · « **Reply #954 on:** February 01, 2018, 08:34:34 AM »

Hodl forever

Freyj · « **Reply #955 on:** February 01, 2018, 09:55:18 AM »

What do I know, but we’re getting closer and closer to equal market cap between ETH and BTC, wasn’t that always going to fuck with the market unless ETH was bullish for months on end?

headwalk · « **Reply #956 on:** February 01, 2018, 10:16:33 AM »

people attributing actual human values like courage to a market as broken and manipulated as crypto are the real marks. it's like playing russian roulette with a 20 something distinguished mentally-challenged fellow from 4chan who gets to choose whether to put a few more bullets in the chamber on your turn because he sat down first.

Atramental · « **Reply #957 on:** February 01, 2018, 02:27:44 PM »

Okay... I'm cashing out my initial investment w/ a tiny bit of profit. $:-\$

And I'm going to let the rest ride.

CatsCatsCats · « **Reply #958 on:** February 01, 2018, 03:07:57 PM »

Atramental · « **Reply #959 on:** February 01, 2018, 03:50:10 PM »

/biz/ at the moment:

News:

Author Topic: Bitcoin and Cryptocurrency Thread (Read 197202 times)