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re: Official CryptoTalk Thread

Posted on 5/31/17 at 7:20 am to
Posted by TheWiz
Third World, LA
Member since Aug 2007
11866 posts
Posted on 5/31/17 at 7:20 am to
Still on cash. Waiting for a $200 dip
Posted by RickySauwce
BR
Member since Dec 2011
740 posts
Posted on 5/31/17 at 7:22 am to
as a son I want to as my dad to spot me for like 10,000 grand and just buy and hodl for 5 years and pay back from earnings or just straight up from losses. Would you do that for your son? lol
Posted by TheWiz
Third World, LA
Member since Aug 2007
11866 posts
Posted on 5/31/17 at 7:23 am to
Worst he can say is either no or frick off.
Posted by blades8088
Covington
Member since Nov 2008
4298 posts
Posted on 5/31/17 at 7:35 am to
quote:

10,000 grand


Would this be like a million dollars?
Posted by RickySauwce
BR
Member since Dec 2011
740 posts
Posted on 5/31/17 at 7:37 am to
Ok so If I got him to gift me 10,000$ and then I went and bought eth on my account and got a seperate hardware wallet and took it all off and locked it away for 5 years but I kept playing with my current stash will I have to pay capital gains tax in 5 years? Like will an accountant be able to seperate the fact that I took all of this bought it and stored away and have only been trading with my stack even though it would be all under one brokerage account.
Posted by Eric Nies Grind Time
Member since Sep 2012
25423 posts
Posted on 5/31/17 at 7:41 am to
Lol that Poloniex trollbox is some crazy stuff.

It's so tempting to jump in those obvious pump and dumps but I know I would screw up the timing.
Posted by MrSmith
Member since Sep 2009
8319 posts
Posted on 5/31/17 at 7:43 am to
You'll have to pay STCG tax each year you're actively trading in
Posted by RickySauwce
BR
Member since Dec 2011
740 posts
Posted on 5/31/17 at 7:53 am to
I wouldn't be actively trading it would be locked up in a bank somewhere. I will have used my active trading account to purchase the large amount but as soon as I get it I will transfer it to a hardware wallet.

I will trade with the stack of eth that I currently possess but not that one big lump sump.

Does that change anything ?

What would yall do?
Posted by Post It Bandit
Member since Mar 2008
3108 posts
Posted on 5/31/17 at 7:56 am to
How bad do you want that lambo life?
Posted by MrSmith
Member since Sep 2009
8319 posts
Posted on 5/31/17 at 8:00 am to
The only thing you get taxed on is capital gains. So just what you convert to fiat. If the stash sits untouched you wouldn't be taxed on it as STCG
Posted by RickySauwce
BR
Member since Dec 2011
740 posts
Posted on 5/31/17 at 8:03 am to
but I'll still be free to play with other eth and pay capital gains tax on that.

I'm fine with paying capital gains tax on the shite I trade but I just want one large stack to sit untouched by human or government until prime maturation....otherwise known as lambo land.
Posted by okietiger
Chelsea F.C. Fan
Member since Oct 2005
42266 posts
Posted on 5/31/17 at 8:08 am to
Dipping...
Posted by TheWiz
Third World, LA
Member since Aug 2007
11866 posts
Posted on 5/31/17 at 8:12 am to
MOAR. Daddy needs to get back in.
Posted by okietiger
Chelsea F.C. Fan
Member since Oct 2005
42266 posts
Posted on 5/31/17 at 8:18 am to
What's your number?
Posted by TheWiz
Third World, LA
Member since Aug 2007
11866 posts
Posted on 5/31/17 at 8:24 am to
$198-$200. Is that wishful thinking? I think China goes to bed soon and we dip back down around there, hover all day, and blast off this evening when they wake up.
Posted by kc8876
Member since May 2012
3622 posts
Posted on 5/31/17 at 8:25 am to
It's going lower than that, be patient
Posted by TheWiz
Third World, LA
Member since Aug 2007
11866 posts
Posted on 5/31/17 at 8:26 am to
You think people panic that much? I think the super weak phased out last week. I think we'll have more holders this round.
Posted by VinegarStrokes
Georgia
Member since Oct 2015
14065 posts
Posted on 5/31/17 at 8:29 am to
As of this moment I am pissed at CB. They told me from the start (last Monday) that 5/30/17 would be the day my ETH shows up in the wallet. I'm still waiting on those 14.3 ETH to show up and they still haven't. I've sent several messages to their "customer support".

I've done the same with Gemini and they are still "verifying my identity". I got the message that they have a lot of IDs to process but still nothing in terms of being able to participate. If this dips below 200 before I can sell on CB I'm going to be very irritated.
Posted by kc8876
Member since May 2012
3622 posts
Posted on 5/31/17 at 8:31 am to
quote:

You think people panic that much? I think the super weak phased out last week. I think we'll have more holders this round.


Never underestimate how dumb people are
Posted by kc8876
Member since May 2012
3622 posts
Posted on 5/31/17 at 8:33 am to
quote:

As of this moment I am pissed at CB. They told me from the start (last Monday) that 5/30/17 would be the day my ETH shows up in the wallet. I'm still waiting on those 14.3 ETH to show up and they still haven't. I've sent several messages to their "customer support".

I've done the same with Gemini and they are still "verifying my identity". I got the message that they have a lot of IDs to process but still nothing in terms of being able to participate. If this dips below 200 before I can sell on CB I'm going to be very irritated.


The opportunities lost to all this bullshite with them is unreal
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