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

01-03-2018, 01:38 PM

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#2131

jinda628
Lol ty.

jinda628
Lol ty.

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Coinbase will surely have issues again if ever Ripple get added.
Best way to do for those who want to sell and cash-out is move it to USDT on whatever exchange they are at. Then when everything settled down in coinbase, convert USDT to ETH and send it to coinbase to cash-out.

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01-03-2018, 01:39 PM

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#2132

TurkBrah
Zero Supplementation

TurkBrah
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Originally Posted By gixxer0.6g⏩

Who says it is? Ripple is the CNN of the crypto world. Packed full of fake news.

hahaha this. normie coin gonna normie

01-03-2018, 01:39 PM

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#2133

Horse86
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Originally Posted By LFAesthetics⏩

trading on foreign exchanges or DEX's for 2018 boys... untrackable! semi srs. I'm not even trying to dodge taxes I just don't want to ****ing deal with trade by trade reporting haha across 19 exchanges to which half probably don't even have good records or are hosted out of country.

won't be trading on bittrex if i can avoid it for 2018.

we binance crew nao?

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01-03-2018, 01:39 PM

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#2134

saaltydog
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Originally Posted By Luc1fer⏩

I actually moved all my original ETH and BTC (to hold) to my Ledger already.

Ye, I buy specific amounts of BTC/ETH each time and then immediately transfer that exact amount to another exchange for a altcoin. So I can easily specify the lots, but I wonder if I'll still be screwed with FIFO or not.

https://www.coindesk.com/uncle-sams-...pto-investors/

"Yet, even if it does stay on the bill, there's some good news on the FIFO front, according to Deloitte's Calvin.

For one, the provision only applies account-by-account, meaning that if the oldest bitcoins an individual owns are stored in a separate account from the bitcoins they want to sell or better yet, outside of an exchange account altogether, the rule does not apply.

"If you sell bitcoin (in 2018), you’re going to be treated as selling the first one that you bought," Calvin said. "So, take it off the exchange, hold it directly and when you want to sell one, you can deliver the one you want to sell.""

If you buy ETH immediately transfer to an exchange and buy an Altcoin technically it's a taxable event. However the likely hood of a gain/loss on the transaction is minor. Even if there was it's minute. I wouldnt bother with that.

The problem would be when you transfer ETH and buy an altcoin on an exchange. Then the following day transfer ETH again and buy the same alt coin. If that Alt coin is stored with the alt coin you bought the day before you can't prove which is which. You would have to use FIFO.

01-03-2018, 01:40 PM

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#2135

kamil234
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going on on ENG right now

01-03-2018, 01:41 PM

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#2136

Luc1fer

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Originally Posted By Silencespeaks⏩

Yeah I was thinking about that as to Binance. Haven't sold anything on Binance so at first I figured no tax issue as to Binance transactions. But then I realized that I did sell coin to coin to coin in the conversion like LTC to BTC to XRP/ADA.

Either way I'll be reporting Coinbase gains per their own tax reports (FIFO) and Gemini I'll try to calculate because I haven't sold much there so wont be much work.

Ye, so I guess you bought LTC/BTC and then deposited it to another exchange to buy ADA. Did you have original BTC/LTC sitting in the same account?

My Coinbase report is completely wrong.

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01-03-2018, 01:41 PM

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#2137

LFAesthetics
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Originally Posted By Horse86⏩

we binance crew nao?

Binance is my favorite exchange very very srs.. I don't know of another that shows me what's what as well as Binance, plus they have a pretty j00cy app for trading on the go.

01-03-2018, 01:41 PM

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#2138

Thekingwillwhip
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SNOV fighting through .133 sell wall... hoping we can get up to .2 my EOD. New coins on kucoin historically spike soon after being listed.

01-03-2018, 01:42 PM

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#2139

eternalone423
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Originally Posted By Luc1fer⏩

And with the new IRS tax rules, you have to report and pay capital gains on coin-to-coin transactions. Fcukin greedy scum.

no way to prove I traded.. come at me.

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01-03-2018, 01:42 PM

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#2140

eXistenceLies
Tiptoe Through the Tulips

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Originally Posted By Thekingwillwhip⏩

SNOV fighting through .133 sell wall... hoping we can get up to .2 my EOD. New coins on kucoin historically spike soon after being listed.

It got around .175 earlier this morning.

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01-03-2018, 01:43 PM

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#2141

CTSV648HP
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"Ripple is for normies, so glad I didn't buy in last month"

01-03-2018, 01:43 PM

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#2142

Horse86
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Originally Posted By LFAesthetics⏩

Binance is my favorite exchange very very srs.. I don't know of another that shows me what's what as well as Binance, plus they have a pretty j00cy app for trading on the go.

I DL'd the app but it throws an error about trusting it on iOS and won't open....you don't have this problem?

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01-03-2018, 01:44 PM

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#2143

GaryCarnivals
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Originally Posted By ironicinori⏩

SNOV crew! IDK what this is but it looks cool.

SNOVIO and OYSTER PRL are still highly undervalued.

Datadash just shilled OYSTER to his 188k subscribers.

01-03-2018, 01:44 PM

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#2144

nathangreen
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Originally Posted By saaltydog⏩

Wrong, you do unless you are able to identify to a reasonable extent which coins are which. If you buy a bunch of coins and store them all together you will have to use FIFO.

If you separate each purchase into different wallets and use those to liquidate the coins you could use LIFO.

Why does coinbase give you the option to use FIFO or LIFO on their tax report?

Can someone please confirm this for me. From my understanding in 2017 if someone deposited money into crypto but did NOT use any coins to make a purchase for goods and did NOT convert back into FIAT....then they do not have to report gains? I realize for 2018 this will change with each event being taxable but for 2017 you only pay capital gains tax on realized profit (ie cashed out)

is that correct?

01-03-2018, 01:44 PM

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#2145

AriesTH
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Went all in on XLM at .35 and wondering how far I can ride this..don't want to get too greedy. Any advice? I'm a bit of a noob. Really happy so far though.

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01-03-2018, 01:44 PM

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#2146

boostnlol
Phil Hellmuth 2.0

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Can anybody tell me if im interpreting this buy/sell wall correctly?

Basically ive been under the impression because there is like less than a BTC for each buy price and a fk ton of sell orders above 1 BTC does that mean the price will go down? Is that how i interpret this?

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01-03-2018, 01:45 PM

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#2147

mcdojo
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Meanwhile the next Asian moon mission is coming up. New protocol, multiple partnerships. Hasn't been shilled anywhere, yet up 40% on one tiny asian exchange, smart money is accumulating. Still below $100m. Reminds me of early stage neo, icon, walton. I expect you guys will only wake up when it's approaching 1b and fomo kicks in and you ride it to 1.1b fking LOL

I posted this on 27 Dec, price was like $70m. Gave you guys a huge headstart as the 4chan shilling didn't start until like 31dec onwards.

Now well past $300m, already surpassed Walton, you did buy right?

01-03-2018, 01:46 PM

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#2148

Nara62629
itsmenara

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bros, its getting lonely in the discord chat...no one to shill mooncoins to me...

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01-03-2018, 01:46 PM

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#2149

kamil234
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Originally Posted By AriesTH⏩

Went all in on XLM at .35 and wondering how far I can ride this..don't want to get too greedy. Any advice? I'm a bit of a noob. Really happy so far though.

I sell what i think is peak and rebuy lower ... bought at 3750 sats, sold at 4450, bought back in at 4100, sold at 6050, now waiting around 5500 to buy back in on a dip. (which may or may not happen)_

01-03-2018, 01:46 PM

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#2150

LFAesthetics
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LFAesthetics
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Originally Posted By Horse86⏩

I DL'd the app but it throws an error about trusting it on iOS and won't open....you don't have this problem?

go get the app, then go to your general settings and under device management trust the Hunan ****ui Tech whatever. it should show the app now. it's not listed on the american iOS store so its possible a software update requires you to redownload and trust, or apple could break it at any time. but i've had mine running for a couple weeks without issue.

01-03-2018, 01:47 PM

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#2151

OneStepCloser
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Hope you brahs are enjoying this altimothy bull run as much as I am. The game changes in a instant in crypto though. More money keeps piling in, but for how long? Maybe the whole month? Hope so

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01-03-2018, 01:47 PM

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#2152

eternalone423
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Originally Posted By kamil234⏩

I sell what i think is peak and rebuy lower ... bought at 3750 sats, sold at 4450, bought back in at 4100, sold at 6050, now waiting around 5500 to buy back in on a dip. (which may or may not happen)_

be very careful with these high ass volumes. It's so easy to get burned.

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01-03-2018, 01:48 PM

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#2153

psai
Gene's got my back (srs)

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tfw i was contemplating buying XRP a couple of weeks ago and now it's over $3

need to set up an exchange account and start finally investing in cryptos. anyone got recommendations?

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01-03-2018, 01:48 PM

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#2154

propreffered7
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Originally Posted By AriesTH⏩

Went all in on XLM at .35 and wondering how far I can ride this..don't want to get too greedy. Any advice? I'm a bit of a noob. Really happy so far though.

i almost stuck 500-1000 at 37 cents based on crownbrahs advice.

i would have cashed out by now.

it can depend on how much you have though. id be looking to spread those gains somewhere else. getting another 2X (which would make your total 6X) would be juicy as opposed to hoping xlm 4 times

im not saying xlm could go either way. i just think your pushing your luck hoping something 15X

01-03-2018, 01:49 PM

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#2155

Berts
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Originally Posted By AriesTH⏩

Went all in on XLM at .35 and wondering how far I can ride this..don't want to get too greedy. Any advice? I'm a bit of a noob. Really happy so far though.

I'm in the exact same situation. From what I heard when Fairx gets going it will be huge for XLM. This is only the beginning, hodl tight.

01-03-2018, 01:49 PM

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#2156

Silencespeaks
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01-03-2018, 01:50 PM

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#2157

boostnlol
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Originally Posted By propreffered7⏩

i almost stuck 500-1000 at 37 cents based on crownbrahs advice.

i would have cashed out by now.

it can depend on how much you have though. id be looking to spread those gains somewhere else. getting another 2X (which would make your total 6X) would be juicy as opposed to hoping xlm 4 times

i got you both beat. I was shilling XLM like weeks ago only a select few listened haha.
19:09:14 XLM/BTC Buy 0.00001450

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01-03-2018, 01:51 PM

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#2158

RightKindaGuy
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RightKindaGuy
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Originally Posted By LFAesthetics⏩

Binance is my favorite exchange very very srs.. I don't know of another that shows me what's what as well as Binance, plus they have a pretty j00cy app for trading on the go.

If you're not trading on binance for the past year you're doing something wrong

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01-03-2018, 01:51 PM

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#2159

ironicinori
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Hate to nerd out, but WAVES is forming about the clearest Cup & Handle I've seen in a while, and accumulating massive volume on that there handle. I'm filling a bag