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Started By
Message
re: Official CryptoTalk Thread
Posted on 1/25/22 at 9:34 am to TigerTatorTots
Posted on 1/25/22 at 9:34 am to TigerTatorTots
quote:
And I feel much better about my bitcoin investment 20 years from now than I do my stock investments.
but muh stocks
1
Posted on 1/25/22 at 9:36 am to KCRoyalBlue
yeah theyre going to make us kyc wallets so they can track defi earnings
we have been talking about that for years now.
we have been talking about that for years now.
Posted on 1/25/22 at 9:41 am to KCRoyalBlue
quote:
Gubmint looking to get involved.
Bullish.
Posted on 1/25/22 at 9:54 am to KCRoyalBlue
From your article, would be huge if it can happen
quote:
Senator Cynthia Lummis (R-WY), one of bitcoin’s most vocal advocates on Capitol Hill, is expected to introduce a bill on regulating crypto that aims to fully integrate digital assets into the financial system. Her legislation would give guidance on which assets belong in which asset class and offer up new rules on taxing crypto and protecting consumers.
Posted on 1/25/22 at 9:58 am to rocket31
Crypto is the ultimate pump-n-dump
I understand that and along for the ride
I understand that and along for the ride
Posted on 1/25/22 at 10:18 am to TigerTatorTots
God damnit can someone help me 
Posted on 1/25/22 at 10:21 am to lsupride87
quote:It is already in a wallet on Uphold. You can move them to an offline wallet if you want but they are fine if you have trust that Uphold won't pull a Mt Gox on you.
I just made an account on Uphold and bought some coins. Do I need to find a separate wallet or is my crypto already in a wallet being in uphold?
Posted on 1/25/22 at 10:40 am to lsupride87
what is your goal with your crypto? to hold it? trade? to earn yield? defi?
if youre just going to hold it, then uphold will be fine
if youre just going to hold it, then uphold will be fine
Posted on 1/25/22 at 10:41 am to rocket31
Holding it until I am at least 6 figure rich
Posted on 1/25/22 at 10:45 am to lsupride87
Depending on the coin, you could have passive income opportunities, which would likely require moving to a separate wallet. Just Google or YouTube Luna (or whatever coin) rewards or staking and see what opportunities are out there.
Posted on 1/25/22 at 10:48 am to LSUJuice
yep ^
if youre going to hodl, might as well stake it.
defi yields are higher but riskier i suppose
if youre going to hodl, might as well stake it.
defi yields are higher but riskier i suppose
Posted on 1/25/22 at 1:24 pm to rocket31
IMF urges El Salvador to remove Bitcoin as legal tender
Posted on 1/25/22 at 3:00 pm to TigerTatorTots
quote:
From your article, would be huge if it can happen quote: Senator Cynthia Lummis (R-WY), one of bitcoin’s most vocal advocates on Capitol Hill, is expected to introduce a bill on regulating crypto that aims to fully integrate digital assets into the financial system. Her legislation would give guidance on which assets belong in which asset class and offer up new rules on taxing crypto and protecting consumers.
Cringe as fck
Posted on 1/25/22 at 3:32 pm to boomtown143
Depends on your goal - maximize asset value so you get rich? It would help that. Completely divorce the current system or improve privacy? Not so much.
Posted on 1/25/22 at 4:37 pm to rocket31
quote:
IMF
Scared
Posted on 1/25/22 at 6:22 pm to Ross
what are the odds karen at the irs office can track my 25,000 defi transactions from last year? 
Posted on 1/25/22 at 6:33 pm to rocket31
Zero, sometimes I can barely make out what all goes on in these smart contracts and just yolo. 
Posted on 1/25/22 at 6:49 pm to rocket31
I'd assume the IRS would sink big dollars into blockchain mapping tech as opposed to individuals tracking your transactions one by one. There are companies out there right now that offer services where you plug in a single address and it builds you a web of addresses going and coming that are associated
This post was edited on 1/25/22 at 6:50 pm
Posted on 1/25/22 at 9:19 pm to TigerTatorTots
I mean, if you wanted to you can wash your crypto by making your own smart contract and rug pull yourself.
Posted on 1/25/22 at 9:47 pm to JayDeerTay84
Yea, and there is those tornado and whirlpool type sites that charge a hefty premium to wash your coins
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