You make good points. As is, those in the US can't trade at some of the biggest exchanges and can't get involved in ICOs. Asia dominates right now.Originally Posted by ChuckyTheGoat
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06-09-23 06:35 PM #8051
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06-10-23 01:17 AM #8052
Binance.us halts deposits. They will halt withdrawals soon.
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06-10-23 01:42 AM #8053
Binance is a dream come true for people in SEA. I know people that wash all their money with them. It’s so much better than anything else I’ve ever used.
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06-10-23 12:27 PM #8054
alt's on a huge takedown today
fml
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06-10-23 12:46 PM #8055
Raider, you have any opinion on holding coins on PayPal? Thx. Originally Posted by raiders72001
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06-10-23 01:05 PM #8056
just bought more BTC at 26K right now
love it.
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06-11-23 03:35 AM #8057
I don't like it. Paypal sends out 1099s on businesses that have income of $600 or more. I don't know what they are going to do with personal accounts if crypto prices rise and they make more than $600 because of the price increase. Originally Posted by ChuckyTheGoat
I don't think you should use Paypal to deposit and withdraw cash from US sportsbooks. People should pay their taxes but Paypal seems too close to the IRS for me.
edit- found this for businesses.
Tax Year Year Form Available Federal Reporting Threshold 2022 2023 More than $20,000 USD in gross sales from goods or services AND more than 200 transactions in the calendar year. 2023 2024 $600 USD or more in gross sales from goods or services in the calendar year. Last edited by raiders72001; 06-11-23 at 04:16 AM.
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06-11-23 03:43 AM #8058
Binance is going to continue crypto trading but they aren't going to allow cash deposits and withdrawals. Also, they aren't allowing trading of USD.
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06-11-23 07:36 AM #8059
Thank you, Raiders. I bought some BTC via PayPal, when it was hard to get transactions thru exchanges. Originally Posted by raiders72001
But I keep hearing the warnings. What's to prevent the government from seizing Crypto assets on PayPal? Nothing, IMHO.
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06-11-23 10:51 AM #8060
Paypal will be treated like every other crypto app, not talking about binance but more like cashapp, etc. Paypal distanced themselves from ebay and now ebay charges taxes upfront but seems like they are running out of ways to run. Originally Posted by raiders72001
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06-11-23 11:34 AM #8061
They are changing the law from $20,000 and 200 transactions to $600. My problem with Paypal is that they sent my friend a 1099 from Paypal for using Draftkings and Fanduel. Paypal wasn't required to send anything at the time and they did. Originally Posted by Git Lo
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06-11-23 11:37 AM #8062
agree. When the digital dollar comes it won't be long before they tell us how we can spend our money. Things could banned or limited. Originally Posted by ChuckyTheGoat
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06-11-23 12:44 PM #8063
Bad timing on my part. Bitboy has been shilling XRP, not that he's able to move the XRP market but every little bit helps. He does move the market with low caps. Originally Posted by Optional
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06-11-23 12:57 PM #8064
It's ok, I didn't end up doing anything. Bitcoin had spiked a little so the value I saw in swapping was less.
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06-11-23 07:11 PM #8065
Bitboy is irrelevant. Originally Posted by raiders72001
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06-11-23 07:34 PM #8066
His Twitter was hacked and people lost a $1m total in BEN. Originally Posted by biggie12
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06-11-23 08:54 PM #8067
was it hacked REALLY hacked tho.... Originally Posted by raiders72001
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06-15-23 11:31 PM #8068
Heard of Prometheum?
Sounds like more hijinks brought to you by our corrupt government:
(About 8+ minutes)
I don't think I'll be signing up.....
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06-15-23 11:50 PM #8069
Hard to make money in Crypto these days! Stagnant. Better to just put your bank roll in a 3.75% interest earning saving account these days and wait it out.
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06-16-23 05:32 PM #8070
Keep your BTC, keep your ETH, but I'm getting out of everything else located in the US. Looks like they're coming for all of them at a slow pace. The only thing that can stop BTC is quantum computing. Hopefully that gets solved before the computers speed up exponentially. Everything else is risky although ETH is now my biggest hold followed by BTC.
I'm leaving a ton on the table if I'm wrong but until this Ripple case is settled, I'm bailing.Points Awarded:
Optional gave raiders72001 2 Betpoint(s) for this post.
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06-16-23 05:35 PM #8071
Raider, tell me a little more about Ethereum. Give me a few reasons you like it. Originally Posted by raiders72001
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06-16-23 05:36 PM #8072
good point, wouldn't put anything past him. Originally Posted by biggie12
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06-16-23 05:41 PM #8073
If I had to vote for any Crypto personality being a phony...it would be that guy. Nice handle, btw. Bitboy, lol. Originally Posted by raiders72001
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06-16-23 05:42 PM #8074
Thousands of dApps built on it. Originally Posted by ChuckyTheGoat
NFTs
Gaming
PoS for the environmentalists
Deflationary but this can be debated
Great devs
Smart contracts and DeFi will change the whole financial system
There are ETH futures
Upgrades will fix speed, fees and scalability
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06-16-23 05:44 PM #8075
His ego is going to send him to jail. He's picking on the wrong people even if he's right. I should have said that I did keep small amounts of some and BEN is one of those. I'm 99% sure that I'm throwing down the toilet. APE was another that I kept but not liking the move now. A couple of small caps I kept just in case they go Pepe. All the other large caps are gone except ETH and BTC. Originally Posted by ChuckyTheGoat
Last edited by raiders72001; 06-16-23 at 06:03 PM.
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06-16-23 05:48 PM #8076
OK. Thx for posting, Raiders. Originally Posted by raiders72001
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06-16-23 05:56 PM #8077
When the SEC named Cardano as a security it really made me start to think things over. I saw 4 categories for crypto and I didn't think the SEC would go after the first 3. When it went after the 3rd category, that means that everything in the 4th category has a target on it. Originally Posted by ChuckyTheGoat
1. BTC
2. ETH
3. ADA
4. the restNomination(s):This post was nominated 1 time . To view the nominated thread please click here. People who nominated: ChuckyTheGoat
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06-16-23 05:58 PM #8078
Even the DEXs aren't safe. Uniswap delisted BEN for a short time saying to me that they really aren't decentralized. The SEC could take the same stance as long as they can name an entity in charge to sue.
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06-16-23 06:32 PM #8079
im pretty sure ben pulled it from uniswap. Planned on only having it on thepsydex. Then Beneth and him had the fall out... killed any potential that whole ecosystem had. Originally Posted by raiders72001
Psydex will still get released. Ben wont do anything neither will psyop. The coins getting listed on psydex will do nice initals X's if u get in early because the suckers will still be around that pulled their inital out of those projects.
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06-17-23 09:46 AM #8080
https://finance.yahoo.com/news/black...153222693.htmlBlackRock May Have Found Way to Get SEC Approval for Spot Bitcoin ETF
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06-17-23 03:17 PM #8081
Kucoin - still one of the better exchanges out there, IMO.
No KYC but this brings daily withdraw limits (max 20K USDT). I've never staked with them but I do not believe they mess with 1099's. (Someone correct me if I am wrong).
I heard the SEC is looking into them but I'm not sure they can do much..... could be a ploy by the SEC to scare them away from the US....Where Is KuCoin Located?
The company is international, headquartered in the Seychelles and offices in Hong Kong and Singapore, with more than 20 million users worldwide and a presence in over 200 countries.
KuCoin Restricted Countries
The platform provides services to countries such as Turkey, India, Japan, Canada, the UK, Singapore and many others. The project is not licensed to operate in the US, but traders and crypto investors have the option to register their accounts.
One shouldn't keep their crypto on exchanges but if you do, Kucoin has been good to me. I've got a few cryptos that have a poor or no wallet so I just leave them at Kucoin. Hasn't been a problem - so far.Last edited by Arky; 06-17-23 at 03:20 PM.
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06-17-23 03:44 PM #8082
US can't touch KuCoin. NY already sued KuCoin and they even called ETH a security. Originally Posted by Arky
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06-17-23 03:57 PM #8083
Going for a reset, eh? Originally Posted by raiders72001
The SEC sure has messed up the natural course of all things crypto, at least for the US. Obviously, they want no competition to the status quo (USD and/or an incoming CBDC).
In the last bull market, I think most of us were expecting Bitcoin to go to 100K and, of course, that didn't happen. Had I cashed out everything at 65K, I would have made a haul. But what to cash into? Tether or another stablecoin would have been a possibility. It would have been a very large tax to pay, though. Gold/Silver would have been an option but still taxable. Gold/Silver is not the easiest thing to make liquid. I am staying out of fiat and only cash into fiat when I need to pay bills/expenses.....
Strategies for taking profit in crypto are still kind of new, IMO. For example, I am mulling a strategy of cashing out (everything!) at the top or near top of the next bull market and then slowly buying back in during the next accumulation period/bear market. I'm a hodler at heart so I need to work on my taking-profit skills....
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06-17-23 04:03 PM #8084
Yep. SEC definitely screwed things up but Blackrock could save the day. I'm leaning that it gets approved. Originally Posted by Arky
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06-17-23 04:21 PM #8085
Blackrock is evil and they will probably get approved. Good thing is they can't mess with defi/decentralization... Originally Posted by raiders72001
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