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re: Official CryptoTalk Thread

Posted on 5/5/21 at 3:26 pm to
Posted by TigerTatorTots
The Safeshore
Member since Jul 2009
82107 posts
Posted on 5/5/21 at 3:26 pm to
Bitcoin Cash up 38% today
ETH Classic up 44% today

Am I in 2017?
Posted by jimbeam
University of LSU
Member since Oct 2011
75703 posts
Posted on 5/5/21 at 3:26 pm to
Maybe your old prediction of 60-70 or whatever it was is right and we’ve peaked
Posted by TigerTatorTots
The Safeshore
Member since Jul 2009
82107 posts
Posted on 5/5/21 at 3:28 pm to
Boy that would suck
Posted by jimbeam
University of LSU
Member since Oct 2011
75703 posts
Posted on 5/5/21 at 3:29 pm to
Nahhh. 6 figgies comin
Posted by TigerTatorTots
The Safeshore
Member since Jul 2009
82107 posts
Posted on 5/5/21 at 3:34 pm to
Yea I really don't see how the BTC run can end this soon. It would completely invalidate historical trends and most projection models. Certainly possible as trends are made to end and models are always right until they aren't. IMO, it would have to be a black swan event to end the run now.
Posted by Tiguar
Montana
Member since Mar 2012
33131 posts
Posted on 5/5/21 at 4:40 pm to
Perhaps we are all looking at the influence of institutional money wrong.

I and many others have been assuming it will primarily influence the back end of the bullrun; what if it influenced the front-end?

What if without the institutional money we would be at 30-40k right now? What if people took profits and started an alt season early?

That's the only thing I can figure because this is straight up retardo-ville with alt coins and BTC should start bleeding but as you say, just about every model says we gotta hit 100k before its over.
This post was edited on 5/5/21 at 4:41 pm
Posted by Hulkklogan
Baton Rouge, LA
Member since Oct 2010
43482 posts
Posted on 5/5/21 at 5:19 pm to
Seems like people are starting to feel how I did about Voyager.
Posted by DownshiftAndFloorIt
Here
Member since Jan 2011
71404 posts
Posted on 5/5/21 at 5:25 pm to
I sold some eth yesterday, so that's what happened.
Posted by 21JumpStreet
Member since Jul 2012
14873 posts
Posted on 5/5/21 at 6:19 pm to
My pending finally went through. New found confidence let's gooooo

Still taking it all out for now though
This post was edited on 5/5/21 at 6:29 pm
Posted by eng08
Member since Jan 2013
5998 posts
Posted on 5/5/21 at 8:28 pm to
Why sell it?

Go do some defi stuff Abd maintain the exposure - you can wrap it in a 30 day option on Whiteheart - if eth loses value it pays you USDC, if eth goes up you are just out the fees.
Posted by Kurt Eichenwald
Tentacle, USA
Member since Oct 2017
286 posts
Posted on 5/5/21 at 9:09 pm to
Bitcoin Gold??
Posted by Camp Randall
The Shadow of the Valley of Death
Member since Nov 2005
17384 posts
Posted on 5/5/21 at 9:24 pm to
Crypto.com has added a few more coins. Looking much better
Posted by NashvilleTider
Your Mom
Member since Jan 2007
15307 posts
Posted on 5/5/21 at 11:50 pm to
I got in day two of bonfire - audited - they have a great doxed team - real utility - weekly ama’s - a beta launch soon of their fire starter app and white bit is soon - it’s grown 150% in the last 24hour - two weeks old - super early stlll.

If you want a fun money play.

(Also glad I bought the Ada dip a few weeks back)
This post was edited on 5/5/21 at 11:51 pm
Posted by Ross
Member since Oct 2007
47827 posts
Posted on 5/6/21 at 6:55 am to
ADA with the 20% pump, let’s freaking go.
Posted by Chingon Ag
Member since Nov 2018
4008 posts
Posted on 5/6/21 at 7:16 am to
to the moon!
Posted by DownshiftAndFloorIt
Here
Member since Jan 2011
71404 posts
Posted on 5/6/21 at 7:21 am to
Needed the cash. Put some money in that I kinda had allocated already just to try out the game. Am now switching my monthly side investing money into crypto. Made some nice gains in just a month with not much investment.
Posted by finchmeister08
Member since Mar 2011
39886 posts
Posted on 5/6/21 at 7:26 am to
let me get this straight..... i can make up to $80,800 in crypto (because i'm married), and not pay a single penny in taxes?





https://www.kiplinger.com/taxes/capital-gains-tax/602224/capital-gains-tax-rates-for-2020-and-2021




This post was edited on 5/6/21 at 7:30 am
Posted by Tiguar
Montana
Member since Mar 2012
33131 posts
Posted on 5/6/21 at 7:31 am to
if you have no other sources of income and you held for more than a year.

those thresholds are for AGI, not capital gains.
Posted by Ron Cheramie
The Cajun Hedgehog
Member since Aug 2016
5594 posts
Posted on 5/6/21 at 7:36 am to
And when I did taxes online I think the second question was did you sell or trade any crypto in 2020 so I would think it’s being watched close now
This post was edited on 5/6/21 at 7:37 am
Posted by finchmeister08
Member since Mar 2011
39886 posts
Posted on 5/6/21 at 7:40 am to
oh i see what you're saying. well, shite.
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