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Started By
Message
re: Official CryptoTalk Thread
Posted on 5/30/17 at 4:02 pm to KarlMalonesFlipPhone
Posted on 5/30/17 at 4:02 pm to KarlMalonesFlipPhone
I ALREADY ADMIT I frickED UP ALCOHOL IS THE DEVIL
1
Posted on 5/30/17 at 4:04 pm to SlowFlowPro
Do we think it's gonna be moon status when the Asian trading starts? I've just got USDt sitting there. I'll get in at $209 if I can get out safely enough down the road.
Thoughts?
Thoughts?
This post was edited on 5/30/17 at 4:05 pm
Posted on 5/30/17 at 4:06 pm to TheWiz
I wood knot
Posted on 5/30/17 at 4:07 pm to Carson123987
quote:
I wood knot
Ok. I'll sit. I'm going to cry if I pop in before bed and it's $250.
Posted on 5/30/17 at 4:10 pm to TheWiz
I don't think you'll have issues getting out safely if you hodl long enough. I'm more worried that Asian market opens, there isn't a significant influx of buyers and the lack of a pop causes some panick sell offs.
That's a total guess, but how I see getting back into ETH at 180-190. If it doesn't happen I have no problem getting back in, in the 200's.
That's a total guess, but how I see getting back into ETH at 180-190. If it doesn't happen I have no problem getting back in, in the 200's.
Posted on 5/30/17 at 4:12 pm to SlowFlowPro
quote:
[quote]yeah i got drunk sunday and made a profit buy-sell
Thats what I did Sunday. Sold all of mine for $175, waiting for a re-dip that didn't happen. I eventually re-bought at $191 and sold that at $206. I have that cash spread between shite coins now, hoping to get a 5-10% return before ETH dips again. That 5-10% return aint happening for me though.
Posted on 5/30/17 at 4:12 pm to YipSkiddlyDooo
I'm with you in that. Im leaning towards that happening.
Posted on 5/30/17 at 4:13 pm to TheWiz
Posted on 5/30/17 at 4:14 pm to PhifeDogg
If I keep trading will I be subject to capital gains tax? I plan on keeping eth longterm and not cashing out for a number of years but trading and rebuying I am confused, since a lot of crypto you have to go through one (btc, eth) to get to another.
Posted on 5/30/17 at 4:18 pm to RickySauwce
Any short term gains you realize will be taxed as regular income, so just be mindful of that.
Posted on 5/30/17 at 4:19 pm to TheWiz
quote:
Ok. I'll sit. I'm going to cry if I pop in before bed and it's $250
I have no doubts that you can buy now and hodl it long-term for a profit, but I really think that it will nosedive again. Up to you brotha
Posted on 5/30/17 at 4:20 pm to RickySauwce
Yes every single trade. And if it's within 30 days, you can't claim a loss.
Posted on 5/30/17 at 4:21 pm to MrSmith
CB 219 ATH 
This post was edited on 5/30/17 at 4:23 pm
Posted on 5/30/17 at 4:21 pm to MrSmith
What's it's high point? We have to be approaching it.
Posted on 5/30/17 at 4:24 pm to bbap
i think we're at all-time highs right now
Posted on 5/30/17 at 4:25 pm to atom1505
aww damn. I don't think I'm going to be able to figure this out. Do they even have accountants that are familiar with crypto?
Posted on 5/30/17 at 4:26 pm to RickySauwce
quote:
aww damn. I don't think I'm going to be able to figure this out. Do they even have accountants that are familiar with crypto?
I'm a CPA but I don't think you're going to find may tax accountants experienced with this stuff. It's essentially treated the same as stock transactions so the accounting for it is pretty easy.
Posted on 5/30/17 at 4:26 pm to atom1505
but by gains I feel as though that means depositing the usd back into my bank account. Taking the gains and reinvesting back into another crypto though is what I'm talking about
Posted on 5/30/17 at 4:28 pm to RickySauwce
You should have a record of your transactions in your transactions list on the exchange(s) you used, correct?
Posted on 5/30/17 at 4:29 pm to TigeRoots
yes. This shite is gonna eat into my gains. So what is the point of trading if all of my gains from fluctuations is eaten up by taxes. Would I be better served just buying and never selling and only adding to my investment.
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