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re: Official CryptoTalk Thread

Posted on 4/14/18 at 1:45 pm to
Posted by TigerTatorTots
The Safeshore
Member since Jul 2009
80801 posts
Posted on 4/14/18 at 1:45 pm to
quote:

What's the same outlook on BTC?

LINK

$50k


FWIW, I think that site is incredibly optimistic
Posted by lsu xman
Member since Oct 2006
15609 posts
Posted on 4/14/18 at 4:40 pm to
CNBC been having guests pumping BTC, targeting $20K by end of yr.
Posted by OleWarSkuleAlum
Huntsville, AL
Member since Dec 2013
10293 posts
Posted on 4/14/18 at 9:17 pm to
quote:

What's the same outlook on BTC?


John McAfee predicts BTC $500 thousand by end of 2020 and has increased it to $1 million by end of 2020.



The following link is a McAfee prediction tracker...

LINK
This post was edited on 4/14/18 at 9:19 pm
Posted by S1C EM
Athens, GA
Member since Nov 2007
11585 posts
Posted on 4/15/18 at 6:49 am to
I can only hope these folks are right. I won't hold my breath, but I can cross my fingers.
Posted by dawg4lyfe
Member since May 2012
11662 posts
Posted on 4/15/18 at 12:59 pm to
McAfee is a coked out MF. Why do people buy his hype
Posted by tiggerthetooth
Big Momma's House
Member since Oct 2010
61349 posts
Posted on 4/15/18 at 1:06 pm to
$500k per btc? Even I know that's insanity.
Posted by philabuck
NE Ohio
Member since Sep 2008
10380 posts
Posted on 4/15/18 at 1:29 pm to
quote:

Why do people buy his hype


So the rest of us can dismiss them as morons.
Posted by DreauxB2015
Member since Nov 2015
7733 posts
Posted on 4/15/18 at 7:30 pm to
Portfolio now down 10% . So , who's cashing out at even ?
This post was edited on 4/15/18 at 10:29 pm
Posted by jimbeam
University of LSU
Member since Oct 2011
75703 posts
Posted on 4/15/18 at 7:54 pm to
We ridin again?
Posted by Tiguar
Montana
Member since Mar 2012
33131 posts
Posted on 4/15/18 at 8:35 pm to
quote:

who cashing out at even


not I

moon or bust, and I'm being serious
Posted by DreauxB2015
Member since Nov 2015
7733 posts
Posted on 4/15/18 at 9:01 pm to
same here
Posted by TigerTatorTots
The Safeshore
Member since Jul 2009
80801 posts
Posted on 4/15/18 at 10:46 pm to
Never jumped off, we back
Posted by LZ83
La
Member since Sep 2016
17406 posts
Posted on 4/16/18 at 7:11 am to
I was so far down. I had to stay in.
Posted by RATeamWannabe
Baton Rouge
Member since Sep 2009
25949 posts
Posted on 4/16/18 at 7:43 am to
quote:

I was so far down. I had to stay in.


Added more recently and bought into Wan, don't like being spread so thin but its worth looking into
Posted by Tiguar
Montana
Member since Mar 2012
33131 posts
Posted on 4/16/18 at 2:16 pm to
I have a question regarding taxes.

Hypothetically, lets say your day 0 of crypto trading began in tax year X. If, on December 31st of year X, you cash everything out to fiat, you should be able to pay capital gains on whatever profit you made during the year using a simple calculation of what fiat you put in vs what you got out because all of your gains/losses for the year are accounted for in that final cash out.

If, on Jan 1st of tax year Y, you then cash back in less whatever you need to pay taxes with and profits you want to keep, you have essentially "reset" your tax calculations for that year.

is there anything wrong with this plan?

seems like a good way to avoid the "I turned BTC at 20k in dec into alt coins which are now worthless, now I owe taxes for selling btc in dec that I cant get back because my altcoins suck" phenomenon
Posted by TigerTatorTots
The Safeshore
Member since Jul 2009
80801 posts
Posted on 4/16/18 at 3:38 pm to
I went from up 350% to up 0.6% as the bottom. Back up 51%
Posted by DreauxB2015
Member since Nov 2015
7733 posts
Posted on 4/16/18 at 3:53 pm to
Posted by windshieldman
Member since Nov 2012
12818 posts
Posted on 4/16/18 at 4:19 pm to
quote:

I went from up 350% to up 0.6% as the bottom. Back up 51%


I bought BTC and ETH both at 10 cents each, I put 25k in each and sold out at highest point. I’m better














In reality I avg about $850 with ETH and didn’t fool with BTC
This post was edited on 4/16/18 at 4:21 pm
Posted by CE Tiger
Metairie
Member since Jan 2008
41584 posts
Posted on 4/16/18 at 10:04 pm to
quote:

went from up 350% to up 0.6% as the bottom. Back up 51%


Same except I went negative for a bit
Posted by TigerTatorTots
The Safeshore
Member since Jul 2009
80801 posts
Posted on 4/17/18 at 9:02 am to
What’s not to believe? Half my ETH stack was bought when the thread first popped up and it was $80 each
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