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SPELL is worth taking a look at, FTX is buying it upComment -
If your asking about Shiba i have no clue kinda why i couldn’t pull the trigger. If your asking about BTC I’m not selling anything less than 200k but its only a guesstimate. Ill know more towards end of November on what I really want to do, and I’m not rushing to do anything until then.Comment -
You didn't pull the trigger because it was a joke meme coin until recently. It's not as if it's new type of project such Ecomi/VeVe/Omi where there's an Alfred Kahn involved and you feel confident it's not a scam. The creator of Shiba is a guy that goes by Ryoshi. The only thing I know about him is that he's in a picture with Vitalik Buterin and some other crypto influencers. The picture may even be fake. I still poured into it because of the risk/reward.Comment -
Depends really where the price is towards end of year not really in a rush but if its at 100k by end of November ill take some off the table, if its above 200k ill take a little more off, if it goes above 300k some more than that. I have no interest to deal with another bear market without locking in the gains I’ve been able to get. Last time I didn’t have a proper plan and made some mistakes I wish I didn’t. Either way I’m happy where I’m at even as of today and if I sell some and it doesn’t go back to where it was I’m still fine with that, I’ll just invest it in other projects. Holding until through it is fine too, it can’t be as bad as anything that happened before.Comment -
Right now support is 48k, stink bids are in... but TA is for amateur ls apparentlyComment -
This sentiment is why im surprised when people make predictions around or over 100k anytime soon. Unless, institutions and rich people are just going all in at that point, I would think there is going to be a massive amount of people who want to take profit and cash out if we get anywhere close to 100k. Guess my hope would be that the leverage exchanges lure in all the people shorting at that point and push the price as high as they can to cause epic liquidations.Comment -
You would be surprised at how much the market moves around these times, some people are crazy too and wont ever sell no matter what. But this is my plan and hopefully it works out in the next few months, if not there is no rush and I’ve made it this long and far which for me was an accomplishment on its own-can’t say its been easy to get to this point because this has been one of the best and hardest things I have ever had to endure, anyone else involved knows what I’m talking about. 100k+ doesn’t really seem that far off when we were about 42k just over a week ago, wouldn’t be surprised one bit if its over that mark before the end of the month.Comment -
A) dimon has poured billions into building blockchain infrastructure and thus has indirectly contributed to btc success over past several years
B) Dimon’s fear derives from central bank losing control of currency manipulation, particularly how they feed money through corporate banks while skimming off the top while acting as middle man to consumers
C) Regulation outside of completely banning bitcoin would bring the quickest and fastest allocation of capital into an asset you’ve ever seen as their are trillions in pension and federal funds awaiting the green light from regulation.Comment -
I’m in no way a fan of not paying taxes on my gains when I need too but is this even possible to enforce? They are trying to roll something out with crypto now into this new legislation that any transactions above 10k must have a form sent even for private wallets, they even saying if you try to spread it out into smaller amounts they hit u with churning i think its called. So if your caught u get hit with fines and a felony. Now its not just exchanges because this form must be sent with 15days of the time of transaction and they want to even know who the person was that sent it to u(not sure how that is even possible). The timing of this stuff is pristine with where we are in this bull market also, I read somewhere Biden is considering some kind of executive order(free publicity) for crypto on something. I’m not scared or not because technically they really can’t do much but this can be an annoying short term for crypto. What do u guys think? Please consider all sides before because this is something different from what I have noticed.Comment -
I think the 10K number is conditional.
1. For example, there never has been (or should be) a form sent for sending 10K+ crypto from one wallet to another. No profits are made in a simple transfer.
2. Exchanging say, ½ a BTC ($28K) for Tether (or any other stablecoin) shouldn't generate a form either. (I may be wrong but that's the way it should be). Whether any gains get reported or not is up to the user. They are wanting the exchanges to start reporting these.
3. However, exchanging ½ a BTC for USD and then sending it to your bank will probably generate the form.
With regulation comes centralization and that is not the spirit of crypto. I think, the last thing most want is the crooks that have screwed up the USD to enter crypto and screw it up, too. They will say the regulation is to protect the investors (i.e. not that much different than a Mafia protection racket). When they say, "regulation", they mean "we wanna tax it".
Crypto is a means to get out of the screwed up system and become your own bank. Many don't want to be their own bank because it is scary - that's fine. However, some of us don't mind the risks/rewards that can be had. Just my two satoshis.Last edited by Arky; 10-13-21, 01:54 PM.Comment -
Your right there has never been a form for sending 10k crypto to crypto from one wallet to another….But….This stupid stuff they are trying to add in with the 10k rule for cash with banks, they are trying to add in 10k worth of crypto for all U.S. citizens and it doesn’t have to be btc/usd it can be equivalent of 10k worth of btc/btc for user wallets to user wallets. If you don’t comply and send a form within 15 days of any transfer they can put charges against you, which would equal a felony. If you don’t plan on ever using an exchange then you are fine cause how would they really know but if you just transfer in your wallet and one day decide to use coin base they can go back to your transaction history and start asking away. They are being sneaky about adding this in like nobody is going to see it or know it. Sorry I wouldn’t bring this up if I didn’t feel it was important.Comment -
Oh let me add paying taxes on gains is one thing and I’m pretty good on paying all the correct taxes. But this isn’t about paying taxes its about simple transfers to wallets that are over the 10k worth and just holding. Say all your doing is just moving from one address to another of yours, they want you to send in some form with all kinds of stuff to fill in. You can’t even send half and half or they will try to bring up some structuring crap against you.
This administration is slowly trying to screw everyone first they want to make a rule for all banks $600 to send to IRS now they want to try and make this rule just for sending transaction. Maybe I’m over reading it but maybe I’m not. Help from some others on this would be great.Comment -
Yes, sneaky. It's good that you understand you are dealing with snakes.
I believe there is some good opposition going on against these changes. The lady from Wyoming (forget her name) is a part of it. It's not final, yet.
Still, it's going to be tough to enforce, like you say. IMO, the IRS should just stick to cashouts - it would simplify the process. The dollar is their business, not crypto. But, nope, they want a piece of the action every step of the way. It so easy to get double and triple taxed the way the (confusing) rules are written....Comment -
There are also discussions of CBDCs (central bank digital currencies) for the US Federal Reserve, EU Central Bank, Bank of England, Bank of Japan, Swiss National Bank, Bank of Canada and Swedish Central Bank. It would be stable coins where everything would be tracked.Comment -
Ya, the banks don't want any part of that $600 nonsense. You should fill out the form below. Let your voice be heard.....
Some of the less free thinkers in government are proposing a bill that will force your bank to submit every incoming or outgoing transaction of $600 or more to the IRS. The banks aren't on board with this and no one who values privacy should be either.
Go to the link below, fill out the form and you will automatically be linked up by your address with your local congressmen. They will get a form letter showing your opposition to this proposed bill:
Just takes a minute.Comment -
proshares bitcoin ETF (10/18) 2-1
invesco bitcoin ETF (10/19) 9-1
vaneck bitcoin ETF (10/25) 20-1
Valkyrie bitcoin ETF (10/25) 4-1Comment -
I'm curious where you guys store your crypto? How many different wallets do you have? The more I dive into different tokens/nfts and stuff I just keep downloading more wallets and have coins in more and more different places.
I just invested in Algo this week and stored it all on their wallet... I have to admit it's getting a bit overwhelming.
What are you crypto guru's doing to keep this simple? Any recommendations?Comment -
Yeah i got too many dam wallets and keys and back up phrases..after i switched phones awhile back i cant get into my xumm app so whenever the hell we finally get flare i have no idea if im even gonna be able to access it.Comment -
I love ICP here...very low risk entry, i took a good bit of profit off of DOT and placed it it in ICPComment -
Hardware wallets are highly recommended and safest by far if your dealing with any significant amount. Trezor is good. Ive tried different ones over time electrum, blockchain.info, etc. but never needed or felt safer using a hardware wallet, u get a sense of ease knowing your stuff can’t get hacked.Comment -
If we hit $65k, this could go to $100k. Breaking the ATH is big.Comment -
Been off the grid the last couple weeks. Sure is nice to come back and see BTC at almost 60k
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