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re: Official CryptoTalk Thread

Posted on 5/29/17 at 12:14 pm to
Posted by RevolverKing
Member since May 2017
76 posts
Posted on 5/29/17 at 12:14 pm to
Lol, I was wrong, got too excited while moon traveling
Posted by TheWiz
Third World, LA
Member since Aug 2007
11866 posts
Posted on 5/29/17 at 12:15 pm to
Finally got some coins from CB. Do I want to trade on Polo? Gemini still hasn't verified me
Posted by MrSmith
Member since Sep 2009
8319 posts
Posted on 5/29/17 at 12:17 pm to
Anyone else thinking this? We get an initial rise when the Chinese exchange opens, then maybe a new ATH, but then a big drop because all the profit taking that can't keep up with the new money?
Could he a win win either way. Sell on the high, buy the dip again. Definitely would be tough to time though.
Posted by KamaCausey_LSU
Member since Apr 2013
17267 posts
Posted on 5/29/17 at 12:26 pm to
Is it just me or do the BTC and ETH prices seem to not really be mirroring each other as much anymore? I guess it was just the initial surge in people wanting any crypto (like me) that kept the trends almost identical.
This post was edited on 5/29/17 at 12:27 pm
Posted by MrSmith
Member since Sep 2009
8319 posts
Posted on 5/29/17 at 12:34 pm to
You're right and that's a good thing. Today's increase is not due to BTC dragging it up. The more it decouples the better.
Posted by Sho Nuff
Oahu
Member since Feb 2009
13572 posts
Posted on 5/29/17 at 12:35 pm to
Alright, who wants to buy me some ETH? Shitty Kraken finally responded to my email saying they are completely overloaded with new account requests and have no clue when I'll be verified. I got Venmo and Paypal
Posted by TheWiz
Third World, LA
Member since Aug 2007
11866 posts
Posted on 5/29/17 at 12:46 pm to
Mother frick. I've been waiting 10mins. for Polo to generate a deposit address.
Posted by YipSkiddlyDooo
Member since Apr 2013
3804 posts
Posted on 5/29/17 at 12:53 pm to
boring day so far
Posted by Sho Nuff
Oahu
Member since Feb 2009
13572 posts
Posted on 5/29/17 at 12:55 pm to
quote:

I've been waiting 10mins. for Polo to generate a deposit address.


??
Mine was instant, I went to Deposits/Withdrawls and scrolled down to the BTC column since I'll be sending BTC from Glidera over and got the address really quick. Not sure why yours is having trouble. My issue is the BTC not being there until June 2 after ETH has hit an all-time high I'm sure on May 31.
Posted by The Boat
Member since Oct 2008
176079 posts
Posted on 5/29/17 at 12:55 pm to
Boring day? We're up like 15 bucks, slut

Is this pre-China excitement driving the price
Posted by dkreller
Laffy
Member since Jan 2009
33568 posts
Posted on 5/29/17 at 12:57 pm to
quote:

boring day so far

Posted by YipSkiddlyDooo
Member since Apr 2013
3804 posts
Posted on 5/29/17 at 1:02 pm to
sorry, boring day for trading.

I was initially in at the high $70's, sold profits as it climbed to $200. Got in and out a couple times during the last 180-130 spike/dip. I'm waiting for it to fall off a cliff again to buy more.

Watching this slow climb doesn't do it for me anymore. I'm like a heroin addict, I've been sensitized to the volatility and need more now...
Posted by dkreller
Laffy
Member since Jan 2009
33568 posts
Posted on 5/29/17 at 1:03 pm to
Posted by MrSmith
Member since Sep 2009
8319 posts
Posted on 5/29/17 at 1:07 pm to
I'm too tax conscious to trade that often STCG are a bitch
Posted by blades8088
Covington
Member since Nov 2008
4298 posts
Posted on 5/29/17 at 1:08 pm to
So will coinbase send you a tax form?
Posted by JohnnyKilroy
Cajun Navy Vice Admiral
Member since Oct 2012
40456 posts
Posted on 5/29/17 at 1:12 pm to
Yea I understand that I'm gonna be hit decently hard with STCG on these trades, but I feel it would be worth it in the long run if I can take a few profits now while building a long term stack.
Posted by MrSmith
Member since Sep 2009
8319 posts
Posted on 5/29/17 at 1:16 pm to
They may send you a 1099-B. I do know that they provide a report for you. But they only use FIFO for reporting.
Posted by MrSmith
Member since Sep 2009
8319 posts
Posted on 5/29/17 at 1:17 pm to
Yeah it hasn't stopped me from trading whatsoever. I just keep that percentage in mind before I make a trade.
Posted by JohnnyKilroy
Cajun Navy Vice Admiral
Member since Oct 2012
40456 posts
Posted on 5/29/17 at 1:26 pm to
Aight, got buy orders in at 165, 160, 155 and 150. Let's go dipping baws
Posted by RevolverKing
Member since May 2017
76 posts
Posted on 5/29/17 at 1:31 pm to
Which site can you do buy orders on? Gemini or Kraken?
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