MISC Crypto Crew (MCC) Vol 7: [New Year Edition] Reading Charts Vs Throwing darts

01-03-2018, 12:54 PM

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#2071

cncman
Democrats are terrorists

cncman
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Originally Posted By dawktwenty⏩

So if the entire crypto market just crashed and was worthless, people would still owe taxes out the ass....and REALLY be in the read. LMAO.

do you know how realizing loss works. Plus, id bet there still won't be many filing cap gains from crypto.

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01-03-2018, 12:54 PM

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#2072

dawktwenty
007

dawktwenty
007

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Originally Posted By Logged2008⏩

wtf its been 1hr for eth to transfer exchanges, is this normal?

I moved some ETH a few days ago and it took over 2 hours just to get that transaction ID thing on gdax.

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01-03-2018, 12:55 PM

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#2073

Techriding101
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Originally Posted By LFAesthetics⏩

who is Linda and why do we want her?

a ****coin trading on a few exchanges(cryptopia for 1). It's gaining some popularity and is trading around 10-14 satoshi. People getting in now in hopes it moons soon

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01-03-2018, 12:55 PM

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#2074

KoCorl
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Originally Posted By eXistenceLies⏩

Hmmmm

pretty deep in dbc right now

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01-03-2018, 12:56 PM

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#2075

boostnlol
Phil Hellmuth 2.0

boostnlol
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Originally Posted By ironicinori⏩

How do we feel about IOTA. It hasn't gotten much talk in a while.

ive been buying a bit of iota at around 26000-26400 sats. While i like coins as ive stated so many times before that go sideways for a while iota is one of the coins that had it's quick pump to 31996 then sold of and back to 27151. It's a coin i have on my fav's because i see it go from 3.60-3.75 to 4.00-4.20 daily. Might have another pump in it soon, might double, might go down but since i feel more confident in other coins i just keep a small position in this one and focus on other stuff.

Side note, When will it be BNB coins turn again for a $11 price. hehe, God i felt like a king when it went from $3.50 when i didnt stop shilling it nonstop on here to $11 haha.

Originally Posted By KoCorl⏩

pretty deep in dbc right now

Just exited the LRC space ship @ 3885. Lets hope i didnt missjudge this and it doesnt rocket into another galaxy and blast past 4400 etc haha and it tanks and goes back to it's home @ 3k-3.2k

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01-03-2018, 12:56 PM

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#2076

DavidL913
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Originally Posted By KoCorl⏩

pretty deep in dbc right now

I got a 10k stack....

it's been dumping and trading up to 1200.

not sure how long I wanna hold

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01-03-2018, 12:59 PM

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#2077

KoCorl
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Originally Posted By DavidL913⏩

I got a 10k stack....

it's been dumping and trading up to 1200.

not sure how long I wanna hold

I got 50k of them bad boys.

I might actually let this one sit a bit.

I could see this one making me some sick returns in 1-2 months, should be on binance before than.

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01-03-2018, 12:59 PM

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#2078

TheJunkMan81
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holy chit @ xlm

tfw you sold 3 btc at 1554 sats to get into verge before wraith :/

01-03-2018, 12:59 PM

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#2079

LFAesthetics
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Originally Posted By bjjnovice⏩

So we're feeling pretty good about salt then?

I feel like it's a safe bet it'll move toward 27.50 once the platform is originating loans for the masses. It would defy market logic for people to pass up the oppurtunity to pay off a 25k loan with 12.5k worth of salt etc.

now if SALT decides to not accept Salt token for principal and interest all of the sudden - i'd get out.. but otherwise it seems like a low risk 2x short-med term.

01-03-2018, 01:00 PM

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#2080

eXistenceLies
Tiptoe Through the Tulips

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Originally Posted By KoCorl⏩

pretty deep in dbc right now

I sold earlier this morning to get into SNOV. May buy back soon.

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01-03-2018, 01:00 PM

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#2081

Arkileon
Black Judas

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Originally Posted By Arkileon⏩

dgb is a solid coin thats currently in the red.

ayy, i called one lmao

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01-03-2018, 01:01 PM

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#2082

m1n2v5
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Took a break from monitoring crypto, come back and xlm is 6x the value from when I bought lmao

Spoiler!

bought it using my Bittrex BTC scraps that I didn't transfer, less than $50, pls kill me

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01-03-2018, 01:02 PM

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#2083

Luc1fer

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Just realized the IRS stuff really fcuks us over for short term gains if you exchanged BTC for any altcoin.
- Buy 5 BTC for $10k on Feb 1st to hold.
- Buy 5 BTC for $50k on Sep 1st to buy altcoin immediately.

Suppose BTC 5x in that timeframe. For FIFO rules, that buy was 1BTC. So I have to pay short term gains on the 1BTC ($2k -> $10k = taxes on $8k)?

𝕮𝖍𝖆𝖘𝖊 𝖆 𝖈𝖍𝖊𝖈𝕶, 𝖓𝖊𝖛𝖊𝖗 𝖈𝖍𝖆𝖘𝖊 𝖆 𝖇𝖎𝖙𝖈𝖍

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01-03-2018, 01:02 PM

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#2084

jinda628
Lol ty.

jinda628
Lol ty.

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Originally Posted By MuckSnapper⏩

Still pulling out around 4-5. Still never looking back.

I don't recommend anyone keep this coin long term. It makes me nervous but there is still too much fomo and hype to take advantage of. Thanks for bringing some solid points to light for us man, really got the knowledge on it rolling for me.

How long is long term for you? I had half of my XRP since it was 19 cents.

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01-03-2018, 01:03 PM

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#2085

boostnlol
Phil Hellmuth 2.0

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Can someone help me out here to better understand this buy/sell order bullshyt? Like look at this picture right, Since there are alot of sell orders(red ones) that are in the 4-5 btc range total but hardly any buy orders (green ones)
does that mean the price will eventually keep going down because no body wants to buy it so potential bidders will bid less than current price?? Am i thinking about this the right way? So basically a fukton of Sell, No buy, price goes down, HEaps of buy, No sell, Price goes up??

edit- why wont my fukn TINYPIC IMAGE I LINKED SHOW UP WTF IS GOING ON!!!!!

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01-03-2018, 01:04 PM

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#2086

KoCorl
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So my 30 coins under 1 dollar in the top 100 is doing suprising really fukking well!

In 2 days from 3000 ---> 3775 and from .214 btc ----> .243

throwing darts crew.

Just how high can this 3k go in 6 months hngggggg

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01-03-2018, 01:05 PM

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#2087

Ck4288
Natty Fatty

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Originally Posted By LFAesthetics⏩

who is Linda and why do we want her?

I've been holding Linda bags for a bit now. It's really starting to pick up some speed on social, so I wouldnt be suprised if it jumps a bit here in the future. I got in from Crytopia.

01-03-2018, 01:06 PM

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#2088

CTSV648HP
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Originally Posted By Ck4288⏩

I've been holding Linda bags for a bit now. It's really starting to pick up some speed on social, so I wouldnt be suprised if it jumps a bit here in the future. I got in from Crytopia.

you get in because of hype or does it look like it has a future?

01-03-2018, 01:10 PM

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#2089

KoCorl
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Originally Posted By Luc1fer⏩

Just realized the IRS stuff really fcuks us over for short term gains if you exchanged BTC for any altcoin.
- Buy 5 BTC for $10k on Feb 1st to hold.
- Buy 5 BTC for $50k on Sep 1st to buy altcoin immediately.

Suppose BTC 5x in that timeframe. For FIFO rules, that buy was 1BTC. So I have to pay short term gains on the 1BTC ($2k -> $10k = taxes on $8k)?

Coin to coin will be in the upcoming tax law no need to freak out about it now IMO...

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01-03-2018, 01:10 PM

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#2090

anonymous
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01-03-2018, 01:11 PM

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#2091

bjjnovice
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Gonna double down on Verge. Been moving sideways @ 14 cents for a while now. Wraith protocol is a success. Preparing for liftoff.

01-03-2018, 01:11 PM

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#2092

FruityPebbles
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Eth taking days to transfer to different exchanges.. Also should have listened to my normie coworkers on XRP, wow.

01-03-2018, 01:12 PM

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#2093

Ck4288
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Originally Posted By CTSV648HP⏩

you get in because of hype or does it look like it has a future?

Its a hybrid coin, PoW/PoS, Supply is capped @ 50B.

It's purely a short term play for me, but if it does pick up I'll ride the lightning on it once then bail. I dont really see a future in a coin that is trying to compete with doge.

01-03-2018, 01:13 PM

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#2094

Silencespeaks
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01-03-2018, 01:13 PM

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#2095

TheUniBrah
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NEO making a run for a hundo

even though i still have a a few kicking around, really pains me to see knowing that i had a few hundred when they were still called Ant Share

01-03-2018, 01:13 PM

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#2096

Vbrah
Not Banned

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Originally Posted By Luc1fer⏩

Just realized the IRS stuff really fcuks us over for short term gains if you exchanged BTC for any altcoin.
- Buy 5 BTC for $10k on Feb 1st to hold.
- Buy 5 BTC for $50k on Sep 1st to buy altcoin immediately.

Suppose BTC 5x in that timeframe. For FIFO rules, that buy was 1BTC. So I have to pay short term gains on the 1BTC ($2k -> $10k = taxes on $8k)?

You don't have to use FIFO

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01-03-2018, 01:14 PM

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#2097

LFAesthetics
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Originally Posted By Luc1fer⏩

Just realized the IRS stuff really fcuks us over for short term gains if you exchanged BTC for any altcoin.
- Buy 5 BTC for $10k on Feb 1st to hold.
- Buy 5 BTC for $50k on Sep 1st to buy altcoin immediately.

Suppose BTC 5x in that timeframe. For FIFO rules, that buy was 1BTC. So I have to pay short term gains on the 1BTC ($2k -> $10k = taxes on $8k)?

but do you have to follow FIFO rules in a system where you could trace the transaction to the wallet and then in theory store it in a separate wallet? I definitely agree with your premise if it all goes into the same address... but if you pre planned to hold you could do it this way no?

this is why i don't like applying stock rules to crypto.. if you cold store it its literally yours to keep (even if it has no intrinsic value) ownership shares in stock are nothing like physically holding a commodity.

01-03-2018, 01:15 PM

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#2098

Ck4288
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Originally Posted By Silencespeaks⏩

Coinbase posted a message about delays in outgoing transactions. So maybe people are moving their funds from Coinbase to alt exchanges. Maybe that will speed up Coinbase adding new coins to keep their customers.

It's getting pretty bad over there. I tested the water by moving out small amounts of BTC,ETH,and LTC from GDAX last night. the BTC took almost 7 hours to get 4 confirmations.