- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Coaching Changes
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
re: Official CryptoTalk Thread
Posted on 8/6/21 at 5:18 pm to rocket31
Posted on 8/6/21 at 5:18 pm to rocket31
Very interesting...it really doesn't make much sense why we are running up like this with what is probably the worst news around the crypto space since the Musk nonsense. Obviously the big players don't care at all about the bill llanguage, nor the fact that the good amendment (Lummis-Toomey) is being undercut at the last minute by a not good amendment (Portman-Sinema) which damn near all of the swamp is throwing their weight behind right now and looking like it will be voted in that direction. Yet somehow the whole market is going higher... odd
0
Posted on 8/6/21 at 5:19 pm to Tiguar
quote:
The next crash will be brought about by regulation.
We are way past this I think. And the people that own Bitcoin are mostly anti-government and would not comply.
This can be seen already by almost nobody reporting their assets with the IRS
Posted on 8/6/21 at 5:20 pm to DallasTiger11
Oh sure, DeFi is inevitable. They will just try to make it as difficult as possible for the average American to get into. Celsius et al makes it way too easy to take your money completely out of the economy and not suffer.
Yes, Celsius isn’t entirely “DeFi” but to them it is, and stuff like that is what they’re afraid of.
You would theoretically never need a bank loan ever again.
Yes, Celsius isn’t entirely “DeFi” but to them it is, and stuff like that is what they’re afraid of.
You would theoretically never need a bank loan ever again.
Posted on 8/6/21 at 5:24 pm to I Love Bama
quote:I don't know a single person in my personal life that dabbles in crypto that has not reported gains or losses on the annual tax return. Given how easy it is for the IRS to get that info not that everything is KYCed, it isn't recommended to not report. IMO
This can be seen already by almost nobody reporting their assets with the IRS
Posted on 8/6/21 at 5:28 pm to TigerTatorTots
I have only bought. I have never sold anything. I agree 100%.
That said, I have read many articles about lack of reporting in crypto.
That said, I have read many articles about lack of reporting in crypto.
Posted on 8/6/21 at 5:36 pm to I Love Bama
I’ve never sold for dollars but I have transferred one coin to another, which is a taxable event. Lucky for me, every year since 2017 I’ve been able to strategically do it to claim a loss for each tax return. 2021 will be the first year where I claim a profit and need to pay a tax from transferring ETH to BTC.
Yes many people don’t report. If they are buying on a KYC exchange, only a matter of time until they are caught.
Yes many people don’t report. If they are buying on a KYC exchange, only a matter of time until they are caught.
Posted on 8/6/21 at 5:48 pm to TigerTatorTots
The pancakeswap crowd terrifies Washington DC boomers.
Posted on 8/6/21 at 6:25 pm to go ta hell ole miss
quote:
Alchemy Pay broke from .03 up to .24 in a day before settling in at .12-.15 in the last few hours.
Thoughts on ACH? I have already more than doubled what I put in last night. Take profits, or let it run up to $1?
Posted on 8/6/21 at 6:48 pm to Tiguar
quote:
DeFi will get cut down at the knees to prevent mass adoption. Latest meme is regulating PoS coins.
fighting a technology because it’s an existential threat to an antiquated system is a tale as old as time but technology always seems to win
Posted on 8/6/21 at 6:48 pm to FlyinTiger93
My thoughts are that it has legitimate value servicing fiat to crypto and vice versa, but would like to hear from others. The chart looks amazing, too, except for that brief head fake up to .24. I thought it was dumping after that (a la AMP recently), but held onto my original investment.
John Tan has done an amazing job. Getting Binance Shopify deal made them relevant and appear legit. They are not even in the US and will likely partner rather than deal with regulators here, but Asia is their focus anyway.
The stair-step chart gives me reason to hold and accumulate on dips for now. If there are anymore rips like the one last night up to .088 and today’s up to .24 then I expect pretty immediate downturns, followed by consolidations and then break through the next resistance. As long as it is stair-stepping I am holding everything. This is still very early in my opinion and has a lot of growth ahead of it.
John Tan has done an amazing job. Getting Binance Shopify deal made them relevant and appear legit. They are not even in the US and will likely partner rather than deal with regulators here, but Asia is their focus anyway.
The stair-step chart gives me reason to hold and accumulate on dips for now. If there are anymore rips like the one last night up to .088 and today’s up to .24 then I expect pretty immediate downturns, followed by consolidations and then break through the next resistance. As long as it is stair-stepping I am holding everything. This is still very early in my opinion and has a lot of growth ahead of it.
This post was edited on 8/6/21 at 6:51 pm
Posted on 8/6/21 at 7:22 pm to Tiguar
really not sure why they just don't make the defi swaps like pancake and uniswap and sushiswap kyc people?
if this is really about taxation then it doesn't make sense to attempt a PoS ban.
so either they just don't understand the technology or they really are scared of defi degens opting out of the current system completely
if this is really about taxation then it doesn't make sense to attempt a PoS ban.
so either they just don't understand the technology or they really are scared of defi degens opting out of the current system completely
Posted on 8/6/21 at 7:25 pm to rocket31
quote:
so either they just don't understand the technology or they really are scared of defi degens opting out of the current system completely
probably a healthy mixture of both
I heard Elizabeth Warren claimed she feared crypto would need a bailout in the future without regulation and that Bitcoin would suffer inflation of its own. There is a staggering amount of ignorance by supposedly intelligent people voting on things that impact lives. That or they are playing dumb.
This post was edited on 8/6/21 at 7:29 pm
Posted on 8/6/21 at 7:27 pm to rocket31
quote:
really not sure why they just don't make the defi swaps like pancake and uniswap and sushiswap kyc people?
Honestly asking, how would or could you force a DEX to do anything?
Posted on 8/6/21 at 7:35 pm to go ta hell ole miss
I bought some ACH at .07 only because the price is low for the circulating supply compared to some others. Unfortunately, I didn't set a sell order and missed the spike, but I guess ill just hold it for a while.
Posted on 8/6/21 at 7:40 pm to rocket31
As I said earlier, the lending terrifies them.
Your entire financial history is irrelevant. Don't need credit scores, don't need to be a good citizen, don't need an identity. You just need bitcoin.
Your entire financial history is irrelevant. Don't need credit scores, don't need to be a good citizen, don't need an identity. You just need bitcoin.
Posted on 8/6/21 at 7:58 pm to Tiguar
It's sad that a large portion of the population doesn't realize that people like Elizabeth Warren are bought and paid for.
Posted on 8/6/21 at 8:22 pm to James11111
quote:
I bought some ACH at .07 only because the price is low for the circulating supply compared to some others. Unfortunately, I didn't set a sell order and missed the spike, but I guess ill just hold it for a while.
Nothing wrong with 120% gains in a day. It has stabilized some. The market cap is low and supply is capped (3.1 billion current supply with 10 billion cap). Market cap has moved from $125 million to $500 million in 48 hours. There is some potential long term upside. I just haven’t decided to make this a long term hold or sell on a spike. Easier to make that decision when we are up. If it holds through Sunday I will probably add to the position again. I want to see how it does on a Sunday.
This post was edited on 8/6/21 at 8:38 pm
Posted on 8/6/21 at 9:02 pm to Tiguar
It feels like defi run up is destiny at this point. Whats the TA say?
Posted on 8/6/21 at 9:14 pm to down time
Depends on the platforms. I stay clear of new platforms with less than 2B TVL.
I am really enjoying Pancake right now. I bought in early June so doing pretty good right now. Though I only stake my Cake there.
I’ve played a bit with the new NFT coins in there and done ok.
I am really enjoying Pancake right now. I bought in early June so doing pretty good right now. Though I only stake my Cake there.
I’ve played a bit with the new NFT coins in there and done ok.
This post was edited on 8/6/21 at 9:15 pm
Posted on 8/6/21 at 9:28 pm to Tiguar
Agreed. I’m using my holdings as collateral for an auto loan, and without any credit info whatsoever I’ve got the amount I want with a great Interest rate. Of course they hate that.
Page 1661 of 2241
Back to top
Follow TigerDroppings for LSU Football News