Reply
  • Dec 17, 2020
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    1 reply
    RoyalSavant
    · edited

    I could see the correlation between the stock market and crypto start to fade within a year or two

    But not currently

    Look at the trend for past decade

  • Dec 17, 2020
    donalddrumpf

    But not currently

    Look at the trend for past decade

    Yea I've seen it, I think the fact that crypto is starting to be taken more and more seriously will shift that in due time

  • Dec 17, 2020
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    2 replies

    I got $50-60 i’m tryna put in some crypto, any suggestions? This is money i don’t care if i lose. Wondering if there’s anything forecasted to 2x in value in a month or two.

  • Dec 17, 2020
    SlimeySpider

    It's been volatile af for years now though...

    Don't think anyone can predict where it heads

    higher liquidity means less volatility

  • Dec 17, 2020
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    1 reply
    SlimeySpider

    Just put 5 racks in ETH

    Wish me luck

    You better be ready to pay taxes if you playing short term. Till taxes get ironed out for crypto you'll be paying 22%+ for your profits

  • Dec 17, 2020
    Nine Arts Dragon

    I got $50-60 i’m tryna put in some crypto, any suggestions? This is money i don’t care if i lose. Wondering if there’s anything forecasted to 2x in value in a month or two.

    ETH

  • Dec 17, 2020
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    3 replies

    What the f*** u have to pay taxes for crypto???

  • Dec 17, 2020
    Sand Man

    Which ones?

    Square is leading this, many are following.

  • Dec 17, 2020
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    1 reply
    Nine Arts Dragon

    What the f*** u have to pay taxes for crypto???

    Unfortunately

  • Dec 17, 2020
    Sand Man

    Which ones?

    Hedge funds, PayPal, square, banks, and some small countries I think

    Biggest one is I think grayscale with over $1 billion in total crypto

  • Nine Arts Dragon

    What the f*** u have to pay taxes for crypto???

    Yes this is the US. Move quiet and hope to God or hold for the long term

  • RoyalSavant

    Unfortunately

    Govt really some hoes

  • Dec 17, 2020
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    1 reply
    Nine Arts Dragon

    What the f*** u have to pay taxes for crypto???

    Pay taxes? Why the f*** you wanna pay taxes for? Keep the coins, don't sell them.

  • Dec 17, 2020
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    2 replies
    allinasecond

    Pay taxes? Why the f*** you wanna pay taxes for? Keep the coins, don't sell them.

    But eventually you’d have to cash out no??

  • Dec 17, 2020
    Nine Arts Dragon

    But eventually you’d have to cash out no??

    If you wait a year after buying you're taxed less

  • Dec 17, 2020
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    3 replies
    Nine Arts Dragon

    But eventually you’d have to cash out no??

    No, lol. The whole point of Bitcoin is to serve as an edge to FIAT.

    If you're buying Bitcoin in order to sell you still don't get it.

  • Dec 17, 2020
    allinasecond

    No, lol. The whole point of Bitcoin is to serve as an edge to FIAT.

    If you're buying Bitcoin in order to sell you still don't get it.

    This the energy we need

  • allinasecond

    No, lol. The whole point of Bitcoin is to serve as an edge to FIAT.

    If you're buying Bitcoin in order to sell you still don't get it.

    Bitcoin prices too high i’m looking for other coins that might blow up and that are in my price range

  • Dec 17, 2020
    allinasecond

    No, lol. The whole point of Bitcoin is to serve as an edge to FIAT.

    If you're buying Bitcoin in order to sell you still don't get it.

    Longterm visions clear

  • Dec 17, 2020
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    2 replies
    ragedsycokiller

    You better be ready to pay taxes if you playing short term. Till taxes get ironed out for crypto you'll be paying 22%+ for your profits

    That's still 80% profit, why would that matter, I'm sure ETH will dip again next year. Would rather pull out since I'm buying high right now

  • Dec 17, 2020
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    1 reply
    SlimeySpider

    That's still 80% profit, why would that matter, I'm sure ETH will dip again next year. Would rather pull out since I'm buying high right now

    High is relative

  • Dec 17, 2020
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    1 reply
    PainPapi

    High is relative

    High relative to when I sold,

    I sold earlier this year around $450

    So, yeah for short term price is high for me

  • Dec 17, 2020
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    1 reply
    SlimeySpider

    That's still 80% profit, why would that matter, I'm sure ETH will dip again next year. Would rather pull out since I'm buying high right now

    Yeah if you're making 10k moves it don't matter. But if you're playing around with 1k I think it's a waste of time to pull out when you can hold. Also some people itt still think you don't pay taxes for crypto lol

  • Dec 17, 2020
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    1 reply
    Nine Arts Dragon

    I got $50-60 i’m tryna put in some crypto, any suggestions? This is money i don’t care if i lose. Wondering if there’s anything forecasted to 2x in value in a month or two.

    xrp!

  • Dec 17, 2020
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    1 reply
    ragedsycokiller

    Yeah if you're making 10k moves it don't matter. But if you're playing around with 1k I think it's a waste of time to pull out when you can hold. Also some people itt still think you don't pay taxes for crypto lol

    If you don't deposit the money into a bank account you don't have to worry about taxes though.

    End game here for most traders is to buy more BTC when there is a sale.