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re: Official CryptoTalk Thread
Posted on 2/15/21 at 11:20 am to jimbeam
Posted on 2/15/21 at 11:20 am to jimbeam
Is there a way on Coinbase Pro that i can easily see how much profit i have in a certain coin? Like the difference between what i bought and current. EToro is very obvious but CB can’t find it. Thanks.
Posted on 2/15/21 at 11:42 am to jimbeam
Apple Pay is taking BTC now. Would make sense.
Posted on 2/15/21 at 12:26 pm to tduecen
quote:
According to the new Form 1040 draft, which the IRS released on Friday, if you only held crypto, but did not trade it, you can safely check the “no” box next to the form’s primary crypto question: At any time during 2020, did you receive, sell, send, exchange, or otherwise acquire any financial interest in any virtual currency?
So if all you did this year was sit on your crypto or transfer it between your own wallets without selling for fiat, you’re in the clear.
So, let's say I converted GRT to BTC, but never converted BTC to USD, I'm good? Or fricked?
Posted on 2/15/21 at 12:26 pm to Vols&Shaft83
My understanding is you are good
Posted on 2/15/21 at 12:29 pm to Vols&Shaft83
quote:
So, let's say I converted GRT to BTC, but never converted BTC to USD, I'm good? Or fricked?
That’s technically a taxable event tho I know most people wouldn’t voluntarily report it as such
Posted on 2/15/21 at 12:37 pm to rocket31
quote:
that's the rumor
It was a binance cold wallet. Binance deleted their tweet hyping the purchase
That's the latest I've seen.
Edit: wasn't Binance that tweeted that it was their wallet. My mistake. I'll post link in a moment.
Ki Young Ji Twatter
This post was edited on 2/15/21 at 12:44 pm
Posted on 2/15/21 at 12:51 pm to maclauer
What if you have ETH staked and earning interest you can't withdraw?
Are those earnings a taxable event even though technically you can't get the ETH?
Are those earnings a taxable event even though technically you can't get the ETH?
Posted on 2/15/21 at 12:53 pm to ChuckO1975
copy. that guy is a good follow
Posted on 2/15/21 at 12:55 pm to rocket31
Yeah he's good. Definitely gets it.
Posted on 2/15/21 at 1:01 pm to Vols&Shaft83
quote:That is a taxable event and you would have to claim that you trade crypto
So, let's say I converted GRT to BTC, but never converted BTC to USD, I'm good? Or fricked?
Posted on 2/15/21 at 2:11 pm to TigerTatorTots
has anyone looked into NFT's?
https://www.coindesk.com/what-are-nfts
Chamath talked about them in this interview. His fund is investing in them right now and he thinks it's the future (along with crypto)
https://www.coindesk.com/what-are-nfts
quote:
Non-fungible tokens (NFT) are digital assets that represent a wide range of unique tangible and intangible items, from collectible sports cards to virtual real estate and even digital sneakers.
Chamath talked about them in this interview. His fund is investing in them right now and he thinks it's the future (along with crypto)
Posted on 2/15/21 at 2:22 pm to boomtown143
I got burned on a fricking crypto kitty . Ain’t playing around with that crap again
Posted on 2/15/21 at 3:40 pm to eng08
I think my kitty is dead somewhere on the blockchain not even sure what wallet I used
Posted on 2/15/21 at 8:43 pm to boomtown143
yea Ive buying nba top shots. I'm prob a whale at this point, lol. added a cool cats pack tonight
Posted on 2/15/21 at 9:41 pm to rocket31
We are flirting with 50k...
Posted on 2/15/21 at 10:08 pm to boomtown143
quote:
has anyone looked into NFT's?
LINK
quote:
Non-fungible tokens (NFT) are digital assets that represent a wide range of unique tangible and intangible items, from collectible sports cards to virtual real estate and even digital sneakers.
A boy I mentor shared with me his profits in NBA Top Shop, making much more than working months at his family’s Asian bistro. I didn’t quite understand the value of dunk highlights of players I’d never heard of being worth several thousand dollars, and still don’t.
I’m 29 and thought myself to be crypto savvy but hearing about these NFTs made me feel very boomer.
This is all I have to add on the subject, carry on
Posted on 2/15/21 at 10:41 pm to boomtown143
Yes NFTs are a new wave, not personally interested but want exposure to platforms offering them.
Such as polka markets. Google them it will be big
Such as polka markets. Google them it will be big
Posted on 2/15/21 at 10:57 pm to rocket31
Yea still got it all I think it was a 7 day wait. Done well.. I saw the binance promo. I started to question if this was an out of fashion coin maybe not though. Prob will just take some profit
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