Bitcoin/Ethereum/cryptocurrencies

[IVE GOTTA PACKAGE 4U]

True , I would have made money but not almost double . The simple reason is that once sold , approx 38 percent of the profit goes towards taxes , so when you buy back in you are not doubling your amount of bitcoin in this scenario but you are increasing your bitcoin stash, true.

Besides, your scenario implies you know the tops and the bottoms of a trading period. If you are capable of doing that on a consistent basis, then why don’t you set up a self directed (self managed) 401k( I know you like those) and swing trade your way to easy money ?

I'm not talking about knowing the top. But when you have a really good profit you got sometimes take a little off the table

 

[Faceplanted]

I'm not talking about knowing the top. But when you have a really good profit you got sometimes take a little off the table

If you realize profit every time you 2x in crypto..... you might as well just be playing with stocks

 

[IVE GOTTA PACKAGE 4U]

If you realize profit every time you 2x in crypto..... you might as well just be playing with stocks

Whatever works out for you brother. I hope you make a killing

 

[Jones]

If you really believe in the long-term value of your investment there's no reason to sell unless you actually need the money.

 

[Brownslave688]

What exactly is cardano going to do?

Talked to a guy that worked for them during the last bull run. Said Charles is a drunk that would openly mock the community for believing smart contracts were coming soon.

Things could have changed but that’s how it was then.

 

[Brownslave688]

Hanging on to an asset that you don't feel comfortable with is also not good.
China's cracking down on cryptocurrency and I'm sure that's going to damper it a little bit

Lmao that china FUD is from like 2017

 

[IVE GOTTA PACKAGE 4U]

Lmao that china FUD is from like 2017

Bitcoin plunges below $40,000 as China widens its crypto crackdown | CNN Business

Bitcoin and other cryptocurrencies are plunging as anxiety spreads through the market — this time, after China took more steps to crack down on the digital coins.

www.cnn.com

 

[Wally]

Bitcoin plunges below $40,000 as China widens its crypto crackdown | CNN Business

Bitcoin and other cryptocurrencies are plunging as anxiety spreads through the market — this time, after China took more steps to crack down on the digital coins.

www.cnn.com

SELL!

 

[Brownslave688]

If you realize profit every time you 2x in crypto..... you might as well just be playing with stocks

I also see bitcoin as different than many others. Sure if you want to get out after 4-5x I get it.

Many of us are here for 100x moves though.

 

[Brownslave688]

 

[Brownslave688]

Bitcoin plunges below $40,000 as China widens its crypto crackdown | CNN Business

Bitcoin and other cryptocurrencies are plunging as anxiety spreads through the market — this time, after China took more steps to crack down on the digital coins.

www.cnn.com

Yes old recycled FUD all part of the plan.

 

[IVE GOTTA PACKAGE 4U]

Yes old recycled FUD all part of the plan.

I hope it works out for you buddy

 

[Wally]

Washington is rushing to regulate crypto. It’s a mess.

The SEC, CFTC, IRS, FinCEN and Congress all want a piece of crypto oversight. The confusion has some in the industry calling for clearer regulations.

www.protocol.com

 

[rod]

.

 

[rod]

these two should be combined

 

[Brownslave688]

Washington is rushing to regulate crypto. It’s a mess.

The SEC, CFTC, IRS, FinCEN and Congress all want a piece of crypto oversight. The confusion has some in the industry calling for clearer regulations.

www.protocol.com

This is a good thing. They wouldn’t bother regulating a fad that would soon be over.

 

[Wally]

This is a good thing. They wouldn’t bother regulating a fad that would soon be over.

I think they are concerned about money laundering and collecting taxes on gains.

 

[Faceplanted]

I think they are concerned about money laundering and collecting taxes on gains.

Every exhange already has to report 10k withdraws to the irs.

the fud is coming on strong this week. Makes me think we really will blow the top off q3/q4 of this year.

what’s next? The pedo on the blockchain? Same recycled bs they use every time to try snd stop the bull run

 

[Wally]

Every exhange already has to report 10k withdraws to the irs.

the fud is coming on strong this week. Makes me think we really will blow the top off q3/q4 of this year.

Banks report 5k.

 

[Faceplanted]

Banks report 5k.

Currency transaction report - Wikipedia

en.m.wikipedia.org

FINCEN reporting is 10k.