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re: Official CryptoTalk Thread
Posted on 12/19/20 at 9:02 am to LSURussian
Posted on 12/19/20 at 9:02 am to LSURussian
I spent a whopping $3.92 and bought 5 XRP, feel like I just threw away $4 but hey maybe in 10 years I’ll be rich 
1
Posted on 12/19/20 at 10:29 am to Tiger1242
Just wanted to drop in and say I bought 100 LTC back in July. Oh how sweet this come up is.
Posted on 12/19/20 at 11:20 am to 13SaintTiger
Posted on 12/19/20 at 9:02 pm to RATeamWannabe
Does anyone have a number at which point you’d sell a good amount of your holdings? I bought about $25000 of various crypto (mostly 3 years ago, but some at the bottom more recently), so I’m finally up to about $35,000 in holdings. I would be doing better if I hadn’t bet big on wanchain, and I’d be doing better if I had put it all in the stock market. I feel like my few crypto friends are convinced it’s going to $100,000 within 2-5 years, which would make me an idiot if I sold now. Is there a magic number for you with Bitcoin that you’d start selling?
This post was edited on 12/19/20 at 9:07 pm
Posted on 12/19/20 at 9:06 pm to AndyJ
Nobody knows. But if you have money issues, and selling would make your life markedly better, then you should consider selling.
This post was edited on 12/19/20 at 9:08 pm
Posted on 12/19/20 at 9:10 pm to James11111
Not really but I want to have a lot of money (like everyone I know). I just bought a beach investment property (probably a bad use of money but my wife was on board and we should cash flow with me self managing) and if the btc price does you much more I could get a mountain investment property... and that would make me a very happy fellow. But with stuff I need to do at my primary residence, I’m still probably 5 years away from the mountain home (rental/investment) at best. So if BTC doubles again in price, it’s a whole different story. I’m kind of banking in btc growing more before interest rates go up (so I can buy my next property).
Posted on 12/19/20 at 9:20 pm to AndyJ
I just don't think anyone knows. I have about 10k in and plan on putting that much more in the next couple of months, but I'm leaving it in for the next few years to see what happens.
Bitcoin has been trading above 18k for about a month now. When it spiked to 19k+ in 2017, it fell to 14K within a couple weeks. This is different. Not saying it wont fall ( Im hoping it will ), but I don't think any posters on here have any idea whats going to happen.
Bitcoin has been trading above 18k for about a month now. When it spiked to 19k+ in 2017, it fell to 14K within a couple weeks. This is different. Not saying it wont fall ( Im hoping it will ), but I don't think any posters on here have any idea whats going to happen.
This post was edited on 12/19/20 at 9:31 pm
Posted on 12/19/20 at 9:34 pm to AndyJ
If you want big gains, you’re better off in solid alt coins, or perhaps speculative super small cap alt coins, though risk is much higher.
If you figure out the next 100x coin before it happens, let me know
If you figure out the next 100x coin before it happens, let me know
Posted on 12/19/20 at 9:37 pm to jimbeam
The Graph is the new day dream.
Posted on 12/19/20 at 9:52 pm to James11111
Sadly fell asleep on day 1 at .15 vs buying it. Woulda 5x in a few days.
Posted on 12/20/20 at 1:58 am to eng08
25% of my stack is in GRT. Love it.
Posted on 12/20/20 at 4:32 am to geauxchaz
I bought 500 coins of Graph because it seems like something unique.
This post was edited on 12/20/20 at 9:00 am
Posted on 12/20/20 at 10:31 am to James11111
Posted on 12/20/20 at 11:01 am to geauxchaz
Just bought 1200. Let’s ride
Posted on 12/20/20 at 4:37 pm to Ron Cheramie
Still heavy into Algo, less Link since I sold and bought back some of my position. Picked up some COMP as well along the way.
This post was edited on 12/20/20 at 5:15 pm
Posted on 12/20/20 at 5:24 pm to tduecen
How do you guys handle reporting Crypto for taxes? Is it even reportable?
Posted on 12/20/20 at 5:31 pm to jmh5724
Yes, even if you do Turbo Tax they have a section for crypto now.... I've never done it before but I will this year since I cashed out on a decent amount
Posted on 12/20/20 at 6:15 pm to James11111
quote:
bought 500 coins of Graph because it seems like something unique.
I picked up 1k at around .50
Should I be happy with a double if I'm able to get it. Im pretty new to the riverboat crypto casino
Posted on 12/20/20 at 6:17 pm to Stagliano
20x or GTFO
Posted on 12/20/20 at 6:21 pm to Stagliano
quote:
picked up 1k at around .50 Should I be happy with a double if I'm able to get it. Im pretty new to the riverboat crypto casino
You could sell half and get your money back and let the juice ride
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