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Started By
Message
re: Crypto Trading Bots
Posted on 11/3/21 at 5:37 pm to mach316
Posted on 11/3/21 at 5:37 pm to mach316
Worth clarifying for others it is only $24 per month IF you select the one year option. If you do monthly it's still $40 something per month.
We're gonna test the waters for a month or two, then start adding 250 a month to the account and slowly increase the BO amount from 10 on up. We'll invest the $300 for the advanced account when we reach the limits of what we can efficiently do with the free account if it becomes clear we can make this into a legitimately successful income stream.
You brought up a good point about the short term gains. Do you have to claim that if you never withdraw from your Binance account since you never took the profits? Do you know if Binance provides an annual statement like Robinhood?
By legitimately successful, we would be thrilled if we could one day see 250 per month in gains.
We're gonna test the waters for a month or two, then start adding 250 a month to the account and slowly increase the BO amount from 10 on up. We'll invest the $300 for the advanced account when we reach the limits of what we can efficiently do with the free account if it becomes clear we can make this into a legitimately successful income stream.
You brought up a good point about the short term gains. Do you have to claim that if you never withdraw from your Binance account since you never took the profits? Do you know if Binance provides an annual statement like Robinhood?
By legitimately successful, we would be thrilled if we could one day see 250 per month in gains.
2
Posted on 11/3/21 at 5:53 pm to TigerFanatic99
You're right on the price. My bad. I'm getting old, and my memory is not what it used to be 
.
If I'm not mistaken, I believe you're taxed on every crypto sale where profit is taken, even if it stays on the exchange. I may be wrong though. I look at it like this. If I'm paying more in taxes, I'm obviously making more money. I don't like it, but part of it I guess.
. If I'm not mistaken, I believe you're taxed on every crypto sale where profit is taken, even if it stays on the exchange. I may be wrong though. I look at it like this. If I'm paying more in taxes, I'm obviously making more money. I don't like it, but part of it I guess.
Posted on 11/3/21 at 5:53 pm to TigerFanatic99
Stupid question.
IF crypto goes into a deep bear market after it peaks (say Btc and alts drop 75% by end of 2022), do these bots protect you from losing money on the way down?
IF crypto goes into a deep bear market after it peaks (say Btc and alts drop 75% by end of 2022), do these bots protect you from losing money on the way down?
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