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Started By
Message
re: Official CryptoTalk Thread
Posted on 5/9/21 at 9:37 am to Powerman
Posted on 5/9/21 at 9:37 am to Powerman
quote:
So it's not an individual holding the largest amount then
It’s not confirmed but most people think it’s Robinhood, the accusation has been out there and they’ve never denied it.
There are some other whales though, there’s like a dozen wallets that hold 50% of the coin or something like that.
Of course someone offloaded something like 12 billion Doge last night so maybe one of them is out
1
Posted on 5/9/21 at 10:06 am to Tiger1242
Elon pegging Doge holders
Posted on 5/9/21 at 10:31 am to boogiewoogie1978
I really think last night was good for the coin overall, sure anybody who sold at $.70 is happy with themselves and they should be. But getting some of the concentrated big wallets out is good overall. With the tax implications the only way pumping and dumping for a 30% gain is worth it is if you are willing to pump it with a ton of $$$. Us poor folk with <30,000 coins are just looking for a the right time to get out or holding and hoping.
After last night I think $1 is inevitable but I don’t think it gets much higher than that
After last night I think $1 is inevitable but I don’t think it gets much higher than that
Posted on 5/9/21 at 10:34 am to Tiger1242
I mean if you couldn’t get up to $1 with the publicity and hype around Elon I just don’t see it happening. Smart money will use their profits and move into legit projects. You will be left with people buying $20 of “Doge stock” on Robin Hood and holders who lose interest dumping it back to low 30s. Still a ridiculous floor for it.
Posted on 5/9/21 at 10:46 am to CE Tiger
quote:
I mean if you couldn’t get up to $1 with the publicity and hype around Elon I just don’t see it happening.
My opinion as well.
Posted on 5/9/21 at 11:12 am to CE Tiger
I disagree, Elon musk publicity hasn’t really been a Driver of Doge in the last few months. In fact often his tweets and comments on Doge has led to a sell of recently. I think there are a lot of people bought in heavy around the $.30 mark and will be holding till $1
Posted on 5/9/21 at 11:12 am to slackster
(no message)
This post was edited on 10/15/21 at 12:16 pm
Posted on 5/9/21 at 11:26 am to gobuxgo5
Posted on 5/9/21 at 11:33 am to Tiger1242
if/when it gets to ~.85 they will meme it to a $1 but the sell off around the .95-.99 range will be dramatic
This post was edited on 5/9/21 at 11:33 am
Posted on 5/9/21 at 12:10 pm to Tiger1242
quote:
The most massive sell off in the history of the coin and it’s still worth more than $.40, if this is the new floor sign me up, that means the next pump and dump cycle will push it even higher.
It’s back up to .53
Posted on 5/9/21 at 12:48 pm to Honest Tune
I didn’t time it perfectly by any means but I dumped at .63 and bought back in completely at .43 this morning and nailed the dip perfectly. Made some good cash with it going back up so far this morning.
Posted on 5/9/21 at 1:31 pm to RamboMizzou
nice purchase, i added to my small doge bag this am as well
I had been a believer that “this time is different” and the crypto market would be more mature but it feels like yet another manic boom/bust brewing. Like the total cap 2-3Xing before losing 75% of its value. Everything feels like top but will likely feel a lot toppier and toppier
should be fun
I had been a believer that “this time is different” and the crypto market would be more mature but it feels like yet another manic boom/bust brewing. Like the total cap 2-3Xing before losing 75% of its value. Everything feels like top but will likely feel a lot toppier and toppier
should be fun
Posted on 5/9/21 at 1:31 pm to RamboMizzou
I'm pretty new to stocks and crypto but this has to be good for people still holding right?
SpaceX Now Accepting Dogecoin For Moon Trip
SpaceX Now Accepting Dogecoin For Moon Trip
Posted on 5/9/21 at 1:32 pm to RamboMizzou
Saw a guy on youtube who put his whole life savings, $180k into Doge at 4 cents and he's up to $2.5mill. They were trying to talk him into selling it before Saturday and he said he was waiting for his portfolio to get up to $10million then he was going to sell $1million and let the other $9million ride in Doge. Some people are retarded.
He also was livestreaming during SNL because he thought it was gonna pump Doge and he lost around $750k when it dropped.
He also was livestreaming during SNL because he thought it was gonna pump Doge and he lost around $750k when it dropped.
Posted on 5/9/21 at 1:58 pm to umrebel2009
With DOGE with these big days they are promoting you sell the day before and buy back the day after. Lol
The next big event is June 9th.
Freaking 69.
Gawd I love DOGE for these “events”.
The next big event is June 9th.
Freaking 69.
Gawd I love DOGE for these “events”.
Posted on 5/9/21 at 2:16 pm to RamboMizzou
quote:
With DOGE with these big days they are promoting you sell the day before and buy back the day after. Lol
I get this strategy but how does it work with taxes? You technically get taxed when you withdraw and then again when you deposit right? So every time you do that you are creating two taxable events right? Is it really worth it?
Posted on 5/9/21 at 2:17 pm to Tiger1242
You don’t get taxed for anything except selling.
You can move currency around wallets all day long.
You can move currency around wallets all day long.
Posted on 5/9/21 at 2:48 pm to Tiguar
quote:
You don’t get taxed for anything except selling.
You can move currency around wallets all day long.
What about converting into other cryptos and back? Like let’s say you took a bunch of Doge and put it into Bitcoin, then later put it back into Doge?
Posted on 5/9/21 at 2:58 pm to Tiger1242
That’s considering selling.
You “sell” the token to purchase other tokens.
But you’re only taxed on the profit just like any other asset.
So if you buy for $1 and sell for $1.20, you only pay taxes on the 20 cents.
You “sell” the token to purchase other tokens.
But you’re only taxed on the profit just like any other asset.
So if you buy for $1 and sell for $1.20, you only pay taxes on the 20 cents.
Posted on 5/9/21 at 3:02 pm to Tiguar
Was typing the same response
Converting one crypto to another is same as selling you pay taxes on the profit
Or you claim loss if you lost money
Converting one crypto to another is same as selling you pay taxes on the profit
Or you claim loss if you lost money
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