re: Official CryptoTalk Thread

Yes. I have gray hair just over the last two weeks watching all these go up and down and losing sleep over it. Found out that's not my game as yesterday most everything plummeted and today it's all back up again. I'm long term I am going to buy a few more LTC and ETH and get a couple more alts and let it ride.

I would go crazy watching these all day every day

So more about taxes and withdrawals...are you guys claiming this as gambling income or what? I feel silly watching any longer and am about to wade in the water.

If I catch lightning in a bottle and get some crazy 2000% gain in a month, I’ll want out..

Between the three main, one is now manipulated by wallstreet and with another, the founder sold out and is losing his mind.

Personally I trust some of the alts more as it's an ever evolving space. Should be a good six months as a lot these projects are just moving beyond vaporware

Like I said on the OT. Privacy coins are the wave in 2018 as the feds are getting involved.

Verge up 150% since yesterday. Ayy

lol, I used to have over 100k of them. Still have a nice stack, but nowhere close to what I once owned.

What is 0x? Where is it listed

Sorry. I’m old and this is new to me....found this on Forbes

From a federal income tax standpoint, bitcoin and other cryptocurrency are not considered “currency.” On March 25, 2014, the IRS issued Notice 2014-21, which, for the first time, set forth the IRS position on the taxation of virtual currencies, such as bitcoin. According to the IRS Notice, “Virtual currency is treated as property for U.S. federal tax purposes.” The notice further stated, “General tax principles that apply to property transactions apply to transactions using virtual currency.” In other words, the IRS is treating the income or gains from the sale of a virtual currency, such as bitcoin, as a capital asset, subject to either short-term (ordinary income tax rates) or long term capital gains tax rates, if the asset is held greater than twelve months (15% or 20% tax rates based on income). By treating bitcoins and other virtual currencies as property and not currency, the IRS is imposing extensive record-keeping rules and significant taxes on its use

I bought 5,000 verge coins at 0.03 cents and sold at 0.15 cents.... I should have held, looked smart yesterday when it dipped back down to 0.05 cents

BTC to Bittrex is taking forever, already 55 minutes waiting on my transfer

Tots is right, you could be waiting on that BTC for a long time, never know. Use ETH or LTC. I just moved ETH from myetherwallet to multiple exchanges, all were cleared within 2-3 minutes.

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You can buy ETH directly from Coinbase. It has BTC, BCH, ETH, and LTC listed. If you want to buy other alt coins, you would have to transfer your ETH to another exchange where that alt coin is listed and buy it there.

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What is the best and most user friendly Exchange to buy Alts right now? I have a Coinbase account and am waiting for my Bitstamp account to be verified. Is Binance faster and better with more Alts listed compared to Bitstamp?