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re: Official CryptoTalk Thread

Posted on 6/1/21 at 11:10 pm to
Posted by OleVaught14
Member since Jun 2019
9837 posts
Posted on 6/1/21 at 11:10 pm to
Capital gains are taxed only when they are realized; capital losses can be deducted only when they are realized.

Need to sell to be realized.
Posted by finchmeister08
Member since Mar 2011
39438 posts
Posted on 6/2/21 at 12:23 am to
Posted by rocket31
Member since Jan 2008
41884 posts
Posted on 6/2/21 at 7:18 am to
the doge coinbase pump has been real
Posted by dagrippa
Saigon
Member since Nov 2004
11911 posts
Posted on 6/2/21 at 8:43 am to
What is taking so long with the Solana listing on Coinbase?
Posted by Douglas Quaid
Mars
Member since Mar 2010
4119 posts
Posted on 6/2/21 at 8:51 am to
The whole DOGE thing is a legit gut punch to crypto.
Posted by FlyinTiger93
Member since May 2010
3724 posts
Posted on 6/2/21 at 9:00 am to
I may cave in and buy a bit, once it hits Coinbase on Thursday. Won't 3000x, but might double in a couple of days. Why not?
Posted by rocket31
Member since Jan 2008
41884 posts
Posted on 6/2/21 at 9:25 am to
yea. seems like meme investing is just the norm now

look at AMC for example.

so while it's not great for crypto, I think this is just a systematic phenomena across several markets

Posted by southpawcock
Member since Oct 2015
16642 posts
Posted on 6/2/21 at 9:50 am to
That's just Coinbase Pro too.
Posted by Ross
Member since Oct 2007
47827 posts
Posted on 6/2/21 at 9:51 am to
I’ll be honest meme investing seems to me a sign of some level of froth.

But I’m not super concerned about it just yet.
Posted by Tiguar
Montana
Member since Mar 2012
33131 posts
Posted on 6/2/21 at 9:53 am to
The time to be concerned about meme investing was when btc was 55k and doge was just cracking 50 cents.

Doge pumping again may be sign of the next pending dump but who knows anymore? Current phase makes little sense.
This post was edited on 6/2/21 at 9:57 am
Posted by hall59tiger
Member since Oct 2013
2971 posts
Posted on 6/2/21 at 11:30 am to
Are you referring to MIL here? I have a group chat trying to figure out the same thing lol
Posted by maclauer
Member since Nov 2011
4765 posts
Posted on 6/2/21 at 11:44 am to
Everyone is bullish everything and that makes this time fun. June looking hot as expected. Macro stock indexes are asleep making it a great time to push retail individuals (ie memes) around. Like #altszn for stocks. Crypto should benefit from this as well.

It’s all really fun until it isn’t. I think these moves have a few weeks of juice left in them tho (the meme names will musical chairs but the game will continue). Might not be the worst idea to venture further out on the risk curve but I’m keeping to ETH/BTC/SOL in that order for crypto. Also playing the retail hype pretty heavy, made a big splash in TLRY yesterday since it 4Xed a couple weeks after AMC hype died down last time.
Posted by Tiguar
Montana
Member since Mar 2012
33131 posts
Posted on 6/2/21 at 11:49 am to
I agree with you. I think people need to make smart moves and have a mitigation plan to execute around mid to late June.
Posted by 21JumpStreet
Member since Jul 2012
14819 posts
Posted on 6/2/21 at 11:52 am to
Baby shark got next.
Posted by maclauer
Member since Nov 2011
4765 posts
Posted on 6/2/21 at 12:23 pm to
Edit: nvm
This post was edited on 6/2/21 at 12:26 pm
Posted by rocket31
Member since Jan 2008
41884 posts
Posted on 6/2/21 at 12:33 pm to
yup. capital markets are a complete joke and most everyone is now realizing it

it was pretty amusing when slackster attempted to argue that the liquidity environment in stocks was normal tho
Posted by Shankopotomus
Social Distanced
Member since Feb 2009
21076 posts
Posted on 6/2/21 at 12:42 pm to
I read an interesting piece recently where if interest rates even slightly rise (which the Fed will HAVE to do eventually) --- that basically the choice will be between MANY large companies not being able to cover their interest payments OR large large pension funds becoming insolvent

The Fed may only be able to bail out one

Private companies or public pensions

Solution: BRRRRRRRRRRRRRRRRRRR

Posted by Ross
Member since Oct 2007
47827 posts
Posted on 6/2/21 at 12:43 pm to
quote:

Solution: BRRRRRRRRRRRRRRRRRRR


this has been and will continue to be our monetary response to just about any problem, and will continue to be why I am eternally bullish on the crypto market.

It is inevitable. Playing the game smart when it comes to alts and holding the big players long term as this market evolves will likely be the smartest financial decision I will ever make.
This post was edited on 6/2/21 at 12:46 pm
Posted by Shankopotomus
Social Distanced
Member since Feb 2009
21076 posts
Posted on 6/2/21 at 12:52 pm to
I REALLY hope there's no crypto-anarchists behind any of these hacks

Messing with the system Fight Club style to get the end result they want

I don't think that's the case ... but I do see it as plausible
Posted by Tiguar
Montana
Member since Mar 2012
33131 posts
Posted on 6/2/21 at 12:54 pm to
Doesn’t make sense to attack food and oil instead of banks when you’re a crypto anarchist
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