crypto currency discussion

[Mac4Lyfe]

Unless I'm not understanding the picture, there should be some way to transfer crypto in one's 401K. Mine is with Fidelity.
For example, suppose I want to cash out my crypto. I should be able to shoot it into Fidelity and be able to avoid "taxable gains"...... I did this with two small pensions I had coming my way. Lump-summed both of them and had them transferred directly into my Fidelity account thus avoiding taxation..... Someday, perhaps?

I have Fidelity and they are not setup to take crypto... yet. They did send me a letter, asking if I would disclose how many BTC's I had and that they would track it for me for free. Yeah, screw that. They've partnered with CB but I still don't know what the hell they're trying to do.

https://www.coindesk.com/fidelity-brings-bitcoin-tracking-traditional-investor-portfolios/

Golden State minority owner Chamath Palihapitiya said on CNBC that he put all his BTC's in his 401k. I'm not sure how he did it but that's what he said. I do not think you can "shoot" any money into a 401k or Roth Ira without first paying the capital gains. You were able to send your pensions because that's always allowed.

[reigle9]

lol. I got the reference, although I am in my 20's....Im wired a little different, Just a little cultured.

well if silk the shocker doesn't say cultured, idk what is

[Mac4Lyfe]

I guess you can sell Ripple now on Binance.

Now that you mention it, they must have just added it. I bought some there on 12/24 but I forgot that it used to not be on Binance.

[kidcudi92]

Still 1.5% on ACH (locked in at the price cheap, but can't spend the coins for a week) and 4% on cc (instant access, but expensive). If time isn't an issue, just ACH deposit USD into their wallet and you can do free limit orders on GDAX.

Thank you

[Mac4Lyfe]

I may rue this decision later if it doesn't happen but I'm waiting until what I anticipate a selloff of everything early in the new year (to delay taxable gains) to buy buy buy

This might not be a bad idea. One that I thought of... BUT Most crypto are owned by Asians and do they care about capital gains? The few here in the US seem to be long holders anyway, so that may not be the factor everyone is expecting. I think it's a good idea just to dollar cost average and buy on dips as you often as you can. I think at least 5% of your portfolio should be in crypto (1% for those that are skeptical). But, I am a believer in the technology. I haven't written a check in 3 years (someone writes checks on my behalf at times). I haven't balanced a checkbook in years. I don't think any of our kids are going to have checkbooks either. This generation will buy into digital much quicker than we are. I think 20 years from now, crypto will be as common as the internet. So, I don't mind buying at any level right now because we won't see any lower levels ever again.

[Arky]

I have Fidelity and they are not setup to take crypto... yet. They did send me a letter, asking if I would disclose how many BTC's I had and that they would track it for me for free. Yeah, screw that. They've partnered with CB but I still don't know what the hell they're trying to do.

https://www.coindesk.com/fidelity-brings-bitcoin-tracking-traditional-investor-portfolios/

Golden State minority owner Chamath Palihapitiya said on CNBC that he put all his BTC's in his 401k. I'm not sure how he did it but that's what he said. I do not think you can "shoot" any money into a 401k or Roth Ira without first paying the capital gains. You were able to send your pensions because that's always allowed.

OK. Well, I think the important word there is "yet". I think the only thing that would prevent them from doing this (eventually) is Uncle Sam. He wouldn't like it at all. Lose your a$$ and uncle doesn't care. Gain something and he cares a lot.

[Arky]

They did send me a letter, asking if I would disclose how many BTC's I had and that they would track it for me for free. Yeah, screw that. They've partnered with CB but I still don't know what the hell they're trying to do......

That is just an add-on feature at the Fidelity website. Harmless (I think). When you log into the Fidelity website, go to your portfolio and on the left side is an "add non-Fidelity accounts" button. Click on it and they will link into your Coinbase wallets. I try to not keep anything in the Coinbase wallets for very long and haven't figured out a way to turn the Fidelity feature off. So, in the end it's kind of useless ...they do include those wallets in your portfolio's net worth calculation in the upper left....

[Bsims]

That is just an add-on feature at the Fidelity website. Harmless (I think). When you log into the Fidelity website, go to your portfolio and on the left side is an "add non-Fidelity accounts" button. Click on it and they will link into your Coinbase wallets. I try to not keep anything in the Coinbase wallets for very long and haven't figured out a way to turn the Fidelity feature off. So, in the end it's kind of useless ...they do include those wallets in your portfolio's net worth calculation in the upper left....

I turned this on when I got the letter, but now it's gone. Maybe I turned it off and don't remember. Is yours still showing up?

[reigle9]

Binance account at an all time high fellas. Been waiting for a trx spike to dump some after loading up for that contest travesty. Any reason for their jump, as in should I hold off a bit?

[Arky]

I turned this on when I got the letter, but now it's gone. Maybe I turned it off and don't remember. Is yours still showing up?

Yes, still there and I can't figure out how to turn it off. It shows just a bunch of zeroes, now, because I'm mostly using a personal desktop wallet....

[JAKEPEAVY21]

still early but looks like today could be a nice rebound day across the board.

[biggie12]

Binance account at an all time high fellas. Been waiting for a trx spike to dump some after loading up for that contest travesty. Any reason for their jump, as in should I hold off a bit?

i was too late for the contest as i just got in with binance only last week. I was thinking about buying 50-75k in TRON since friday why do u want to get rid of them.

[reigle9]

i was too late for the contest as i just got in with binance only last week. I was thinking about buying 50-75k in TRON since friday why do u want to get rid of them.

I just have too much. Don't want things to be too heavy outside of ada.

Edit - Goddammit, it got to where I wanted to sell at the time of my first post and now back down. I'm so bad at this.

[reigle9]

Monero/zcash dipping while btc rising. I retract being bad at this, my plan is coming together perfectly. Pretty happy I didn't die this morning.

[firekillex]

shocka
ADA coming in hot for $1
goodjob buddy , glad i tailed ya on that call
owe you a beer


have a good new years everybody, 2018 is going to be a wild ride for us all

[reigle9]

[puckk]

bitocin price prediction - 2018 - linear and exponential .... https://www.youtube.com/watch?v=QoOWw3P-_qk

[Bsims]

bitocin price prediction - 2018 - linear and exponential .... https://www.youtube.com/watch?v=QoOWw3P-_qk

Ridiculously over simplistic approach with no historical basis. Pick a different starting point and the results will vary dramatically.

[reigle9]

puckk sharp in here imo, but i lasted 1 second into the video

i'd like to take my advice off of someone over 12yo with a webcam

[puckk]

the kid is a genius, believe me

[puckk]

Charlie Lee: My Vision For SegWit And Lightning Networks On Litecoin And Bitcoin
https://segwit.org/my-vision-for-seg...n-cf95a7ab656b

[reigle9]

the kid is a genius, believe me

fine, i'm taking time out of listening to the wanderer on repeat for this, just so you know

[daneblazer]

Blazer trying to get in late here.

You advise Investing in ripple, bitcoin or another today?

[reigle9]

it's cowboys vs indians in here about ripple

everyone but the main sharp likes it, he hasn't been wrong yet

[reigle9]

lol, wrong thread

[ace7550]

still early but looks like today could be a nice rebound day across the board.

Looking very nice Mr Peavy. Green Everywhere

[achilleas 21]

zclassic just passed 100 dollars.maybe scyrocket again

[shocka1212]

May I ask when you started to invest into Cryptocurrency ?

been studying it for about 3 years... been "in" in for about a year now or so. Got in in late 16'..wasnt that I didn't trust it, just had money tied up in other things (business I started)

[shocka1212]

waiting for cardano to pull back a little so I can buy more... zcash and Neo are positions in the portfolio I'm looking to add to.. not that you guys asked, but just shootin some thoughts around.

[reigle9]

been studying it for about 3 years... been "in" in for about a year now or so. Got in in late 16'..wasnt that I didn't trust it, just had money tied up in other things (business I started)

THIS IS THE SAME DUDE THAT GETS MAD THAT FREE CONTEST on sbr aren't for real money

completely disregard any of his posts

opps, caps again...i still point type and don't see what i'm typing...old habits, and what not

[reigle9]

he's also a broke gambler, that was in the process of trying to tout, but picked fewer winners than jj has had sex

[daneblazer]

Who?

[reigle9]

beatthejerk

[reigle9]

i could be wrong, but that's how i saw it

[daneblazer]

I’m probably jumping on the train. Doing research. Have just used crypto to move money in the past. Behind many who know more than me.