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re: Official CryptoTalk Thread
Posted on 12/15/20 at 9:23 pm to Fox McCloud
Posted on 12/15/20 at 9:23 pm to Fox McCloud
quote:GBTC is the biggest and they are actively buying BTC to back their fund. You do pay a premium over the equivalent dollars spent on actual bitcoin though. I believe that premium is up to about 20% now. Essentially for every $1200 you buy of GBTC, you are owning the equivalent of buying $1000 in straight bitcoin.
What is the best Bitcoin etf? I want an etf that buys and holds bitcoins
0
Posted on 12/15/20 at 9:36 pm to jmcwhrter
Well they just chewed thru a $500k sale order that some dickhead left on the order book
Posted on 12/15/20 at 9:47 pm to CE Tiger
I can’t stand how crypto works with taxes. Would rather just be able to use Fidelity.
Posted on 12/15/20 at 10:28 pm to Fox McCloud
quote:it isn't any different though.
I can’t stand how crypto works with taxes. Would rather just be able to use Fidelity.
Buy Stock A, Sell stock A, pay taxes on the gains.
Buy crypto A, sell crypo A, pay taxes on the gains.
Buy crypto A, trade it for crypto B, pay taxes on the gains at the time of trade for crypto A.
You can't trade stock A for stock B so that is the only difference here, but the difference is more restrictive than crypto.
Posted on 12/15/20 at 10:34 pm to jmcwhrter
Then why don’t you sell and just have less stress?
Posted on 12/15/20 at 10:44 pm to TigerTatorTots
You have to use that cointracking thing though right? I like to be able to just plug my trades straight into turbo tax through my broker.
Posted on 12/15/20 at 10:58 pm to RightKindaGuy
quote:
70% my bad hombre
quote:
RightKindaGuy
Dammit now we have two retards in this thread
Posted on 12/15/20 at 11:02 pm to Fox McCloud
quote:
You have to use that cointracking thing though right? I like to be able to just plug my trades straight into turbo tax through my broker.
There are plenty of programs you can connect to your accounts on exchanges through APIs that will give you a file to directly input into TurboTax. I used TokenTax.io last year and it worked great.
Posted on 12/15/20 at 11:10 pm to jmcwhrter
quote:
I'll probably be very wrong but I'm not super bullish on the long term outlook for this market
Why not? I think 2020 was the most bullish year ever for crypto. I’m more confident than I’ve ever been that this technology is going to succeed in incredible ways.
Posted on 12/16/20 at 4:15 am to DallasTiger11
quote:
I’m more confident than I’ve ever been that this technology is going to succeed in incredible ways.
You and everyone else .. Now add in all of the "fund managers", "institutional money", etc. that everyone keeps saying is coming like a tidal wave. Hell, I even saw people referencing how the worlds richest people - Rothschild, etc - will be flooding into crypto
Historically, every time we've seen that kind of confidence, we were moments away from the floor caving in
Posted on 12/16/20 at 5:10 am to jmcwhrter
If LINK/BTC doesn't show sign of life soon its likely 20% down from here..
ETA: And there it goes...
ETA: And there it goes...
This post was edited on 12/16/20 at 5:29 am
Posted on 12/16/20 at 7:15 am to jmcwhrter
Posted on 12/16/20 at 7:21 am to Ron Cheramie
Well duh
Posted on 12/16/20 at 7:47 am to Ron Cheramie
And there it is
Congrats again guys
Congrats again guys
Posted on 12/16/20 at 7:58 am to RATeamWannabe
beautiful sight
odds on a whipsaw back to 19400?
odds on a whipsaw back to 19400?
Posted on 12/16/20 at 8:04 am to jmcwhrter
That would be such a Bart thing to do lol
Posted on 12/16/20 at 8:05 am to jmcwhrter
Trying to determine if I should dump some back in.
I sold at mid 19 few weeks back. Any advice.
I sold at mid 19 few weeks back. Any advice.
Posted on 12/16/20 at 8:11 am to CorkRockingham
quote:
Trying to determine if I should dump some back in.
I’m the opposite. I’m thinking of pulling 25% out today. Moving to another coin. What though?
Posted on 12/16/20 at 8:12 am to supadave3
after pacing a hole in our floor the past week watching my alt positions dump.. I happily closed out most of them in small profit, leaving behind some Fingers Crossed Bags
Logic would say that this thing will come back and retest that breakout.. but this is all-time high BTC.. so who freakin knows
Logic would say that this thing will come back and retest that breakout.. but this is all-time high BTC.. so who freakin knows
This post was edited on 12/16/20 at 8:14 am
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