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re: Official CryptoTalk Thread

Posted on 6/21/17 at 12:50 pm to
Posted by bbap
Baton Rouge, LA
Member since Feb 2006
96894 posts
Posted on 6/21/17 at 12:50 pm to
quote:

Sure STCG will take a chunk out, but if you never sell for a loss, taxes won't completely wipe out your gains.

I mean I hate having to pay gigantic taxes as much as the next guy, but taking home 70-75% of my gains is better than missing out on this freight train.


I guess i'm not just following.

In the example of selling @ 360 and buying back @ 330 if all things are kept constant i do not see how that makes you money.


ETA: i guess the key missing piece of information is what he originally bought at. I was multiplying 360*.70 in my head instead of just the gain portion. Sorry for the confusion. Carry on.
This post was edited on 6/21/17 at 12:53 pm
Posted by UnluckyTiger
Member since Sep 2003
42223 posts
Posted on 6/21/17 at 12:50 pm to
So all of the trading I do on bittrex is going to be taxed even at 1.00 gains or losses correct? How is that going to work? I have my account trading history to draw from.
Posted by dkreller
Laffy
Member since Jan 2009
33620 posts
Posted on 6/21/17 at 12:52 pm to
Your amount of coins increases
Posted by bee Rye
New orleans
Member since Jan 2006
34468 posts
Posted on 6/21/17 at 12:55 pm to
Bingo, short term strategy to build up coins before the inevitable boom straight to lamboland
Posted by rocket31
Member since Jan 2008
41887 posts
Posted on 6/21/17 at 12:56 pm to
quote:

In the example of selling @ 360 and buying back @ 330 if all things are kept constant i do not see how that makes you money.


so if i make $1000 on a trade and then need to pay $200-250 of that in taxes, which leaves me with $750-800 dollars.

just on one single trade - how is that not making money according to you?

strong everything.
Posted by TigeRoots
Member since Oct 2008
8556 posts
Posted on 6/21/17 at 12:57 pm to
Right.

It's been said before but I'm not gonna not go to work (to make money), just because I will sacrifice some of those earnings to taxes. C'mon now.
Posted by bbap
Baton Rouge, LA
Member since Feb 2006
96894 posts
Posted on 6/21/17 at 12:59 pm to
i put an ETA to my post a full 3 minutes before your post. Yet you still posted. Weird.
Posted by dkreller
Laffy
Member since Jan 2009
33620 posts
Posted on 6/21/17 at 1:06 pm to
Posted by LSURep864
Moscow, Idaho
Member since Nov 2007
11248 posts
Posted on 6/21/17 at 1:12 pm to
SiaCoin dip is over. Buy now, should rise up until Friday after the correction we had.
Posted by kc8876
Member since May 2012
3624 posts
Posted on 6/21/17 at 1:14 pm to
quote:

i put an ETA to my post a full 3 minutes before your post. Yet you still posted. Weird.


He went out of his way to answer your stupid question, and then you come back like a sassy teenage girl about it after he does because he didn't see your eta that he didn't waste his time to go look for three minutes before he posted.……........go away
This post was edited on 6/21/17 at 1:17 pm
Posted by TomRollTideRitter
Member since Aug 2016
13219 posts
Posted on 6/21/17 at 1:20 pm to
Bought eth during this dip. Ready for the moon.
Posted by bbap
Baton Rouge, LA
Member since Feb 2006
96894 posts
Posted on 6/21/17 at 1:24 pm to
quote:

He went out of his way to answer your stupid question


but i had already answered it myself. Just a weird mindset for someone to have.

quote:

because he didn't see your eta


yeah okkkaaay
Posted by dkreller
Laffy
Member since Jan 2009
33620 posts
Posted on 6/21/17 at 1:26 pm to
Maybe he hadn't hit refresh yet.

Come on man. Give it up.
Posted by bbap
Baton Rouge, LA
Member since Feb 2006
96894 posts
Posted on 6/21/17 at 1:27 pm to
So you think he quoted part of my post. Then waited 6 minutes to finish posting.

And in the meantime i edited my post.

Not that it's that big of a deal but that's really naive to think. It was just pretty obvious he had to be right even after i had already figured it out.
Posted by rocket31
Member since Jan 2008
41887 posts
Posted on 6/21/17 at 1:29 pm to
i truly didnt see your ETA

ill delete my post if its rustling your jimmies that much?

the "pay taxes eliminates your gains" argument has been debunked several times already ITT.
Posted by bbap
Baton Rouge, LA
Member since Feb 2006
96894 posts
Posted on 6/21/17 at 1:31 pm to
oh no no that won't be necessary.
Posted by rocket31
Member since Jan 2008
41887 posts
Posted on 6/21/17 at 1:33 pm to


hop on board the train before the SEC regulates this space and destroys are gains
Posted by bbap
Baton Rouge, LA
Member since Feb 2006
96894 posts
Posted on 6/21/17 at 1:34 pm to
i bought @180 last month. But i havent traded at all yet.
Posted by dkreller
Laffy
Member since Jan 2009
33620 posts
Posted on 6/21/17 at 1:37 pm to
Between the times of 12:50 and 12:53 he could have loaded the page.

Then MAYBE something or someone distracted him from reading/responding.

He gets back to posting while probably at work because you know, we can't all tell our coworkers to frick off while we post on message boards.

You read his post and your jimmies are full on rustled.

Now please tell me who is more naive?

One very plausible scenario or another where a poster is just plain out to show you up in a thread that has been very helpful to even the most ignorant of investors.

Again...give it up and move along.
Posted by bbap
Baton Rouge, LA
Member since Feb 2006
96894 posts
Posted on 6/21/17 at 1:42 pm to
quote:

Again...give it up and move along.



honestly i feel like you are more bothered by it than anyone and can't seem to let it go.
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