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[Question] Is crypto only taxable if you withdraw? or if you convert?
Bitcoin Genesis Block - Lehman, Blackrock, and Iceland?
Advice Sought: Double down on Solidity dev or switch to Product?
Discovered an old document with numbers and seed phrases
Got rekt in 2017, rich in 2021, and plan to retire in 20XX
Got rekt in 2017, rich in 2021, and plan to retire in 20XX
Thought experiment -- A USD devaluation would only change the price of BTC in $, but NOT the value of BTC overall
Golden Inu (GOLDEN) Token | Listed On CoinGecko Friday | CoinMarketCap Coming | Buy $GOLDEN Tokens Before The Price Explodes
Golden Inu ($GOLDEN) Token | CoinGecko Added Friday | CoinMarketCap This Week | Buy Your Tokens Before The Price Rises
Golden Inu ($GOLDEN) Token | CoinGecko Added Friday | CoinMarketCap This Week | Buy Your Tokens Before The Price Rises
please help i just lost a whole bunch of crypto
Golden Inu Token ICO Presale | New ERC-20 Token | 2nd Funding Round | 19.42% Of Token Supply Sold Out
Golden Inu Token — Dashboard & eCommerce App Coming Soon —Amazon For Crypto Commerce! features: CryptoNews, CNF, CM, CCO, More
Golden Inu Token | Dashboard Web3 App Launching | eCommerce App Coming —AMAZN Inspired | Featured On CryptoNews, CNF, CM, CCO, More
If TokenX price will go below XXX.XX USD I'll definitely buy some more
About 3 years from now this sub would be filled of people regretting why they didn't but at XXXX.XX prices
Robinhood sent the IRS my Crypto sales w/o my cost basis. WHY ???
Bitcoin Monthly - The Show XX - The big monkey in the mempool
Long Term Analysis for Nano (ticker: XNO) — Introduction to the project (what is nano), Investment Thesis (buy to use as cash), Fundamental and Comparative Analysis (market cap) and Graphical Analysis (1W).
$1500 DeSci Coin Giveaway and AMA w/ Curecoin, Gridcoin, Etica
Racex.top RACDCoin and BCT/USDT - need help and explanation
Am I the only one who makes life plans around Bitcoin Halving partitions?
Debate about Flux. Another member asked me to post this since he didn’t meat the requirements.
Interested in Connors RSI? Learn all about it here in Technical Analysis, Part XX
Reddit NFT | List | Highest Total Volume | Vol 19
Trying to understand how capital gains works with bitcoin
Mentions
If I was serious about OPSEC then I wouldn’t write a post on a sub filled with “I FINALLY OWN X.XX BTC” posts with the intent of raising awareness about OPSEC hygiene? Yeah, that really makes sense.
I love these headlines, we get at least one a day. XX investors <dump/flock to/whatever> <crypto/stock/whatever> as <something else happening right now>. It’s like investor mad libs. Let me try one: platypus investors binge drink frozen orange juice concentrate futures as a solar eclipse creates mass hysteria amongst the scientifically challenged.
This topic will continue to gain attention. Vitalik outlined a plan if these breakthroughs require emergency action. I've also seen some bitcoin circles discuss ideas, but have not seen an agreed upon solution. Several projects have been noted to account for quantum resistance in some capacity. QANX, QRL, CELL, AME, XX, HBAR, ALGO, IOTA I've held several of these at some point. QANX is the hot mover right now. It's good to research this topic because at some point all systems and projects need to upgrade their encryption. They are all very different so I don't view them as competing for the quantum narrative. Plus all systems will need to be quantum resistant so it still requires useful utility to succeed and enable widespread adoption
This topic will continue to gain attention. Vitalik outlined a plan if these breakthroughs require emergency action. I've also seen some bitcoin circles discuss ideas, but they don't like the impacts of solutions. Several projects have been noted to account for quantum resistance in some capacity. They are all very different so I don't view them as competing for the quantum narrative. QANX, QRL, CELL, AME, XX, HBAR, ALGO, IOTA I've held several of these at some point. It's good to research this topic because at some point all systems and projects need to upgrade their encryption.
I like that XX has a secure messenger app that anyone can install from the Play Store, as it provides a useful tool and exposure to the brand to people who might not be interested in crypto. One of the big questions is how is BTC going to be protected against quantum attacks. If it can't be upgraded and needs to use some sort of wrapper to protect it, then buying that wrapper may be quite profitable. I thought I'd seen something that claimed to be able to do this, but I can't find it now so maybe I imagined it!
Let me ask you, does it say 3BTC in your account, or XX shares of IBIT or whateverthefuck advisor told you to buy? If it doesn't say BTC, you don't have BTC.
One day of pumping means nothing to anyone except those DESPERATE for validation of their dying coin. Whenever XX coin holder is crowing about their little project, I zoom out and compare all of them against the coin that has a 1.3 TRILLION market cap. If you're falling over months or even YEARS, to the biggest and best, why would I care about a one day pump? These S-coins are GREAT for gambling. But I'm not here to gamble. The odds are NOT in your favor. Always look long term, not day to day.
I got into this micro cap called $XX Network. They were testing providing privacy for CBDC’s with the BIS. So I figured it’d be a good investment. Bought some around 22 cents. A year later it was 2 cents but it has bounced to 27 cents since. So I’m about even. Pretty lame. They’re supposedly still working with the BIS so hopefully later in the bull run there’s a good narrative for them. It’s still microcap too.
Start with these links 1- https://youtu.be/l1si5ZWLgy0?si=2jdM7Y8qv6oPq3XX 2-https://open.spotify.com/episode/6lOR6o5hyq0yBX1UNKzG3j?si=bd6af9ab663e48f9&nd=1&utm_medium=organic&_branch_referrer=H4sIAAAAAAAAA7WNywrCMBREvyZdtrapQYUiitSFoCAI7iTNw8Zek5jHon69qeAnCLMYZjicPgTrV0XhrQlKjjm1Ngelh2JtneGRhcZYoTNU1TIC3KKDpp8QhDeoalOmO%2F%2FRzDzTJKzyhovUCJzOxMz78TUbt9fycjy89%2FiBcOsVwruOEyqXtCMEi3ohl18LBegoG%2F5rQhXRPO1lJgUN0YnGuDvVin0A%2BEs0xQ8BAAA%3D&product=open&%24full_url=https%3A%2F%2Fopen.spotify.com%2Fepisode%2F6lOR6o5hyq0yBX1UNKzG3j%3Fsi%3Dbd6af9ab663e48f9&feature=organic&_branch_match_id=1294499973084262137 3- https://www.dropbox.com/s/d22rhv7p2s9wl1b/Inventing-Bitcoin-Print.pdf?e=1&dl=0 4-https://dergigi.com/2020/04/27/dear-family-dear-friends/ 5-https://podcastnotes.org/tim-ferris-show/szabo/ 6-https://stephanlivera.com/episode/71/ 7-https://www.lynalden.com/misconceptions-about-bitcoin/ 8-https://www.swanbitcoin.com/canon/bitcoin-101/mobile/ 9-https://unchained.com/blog/bitcoin-obsoletes-all-other-money/
This will be a good starter for you. Bitcoin Basic 101 1- https://youtu.be/l1si5ZWLgy0?si=2jdM7Y8qv6oPq3XX 2-https://open.spotify.com/episode/6lOR6o5hyq0yBX1UNKzG3j?si=bd6af9ab663e48f9&nd=1&utm_medium=organic&_branch_referrer=H4sIAAAAAAAAA7WNywrCMBREvyZdtrapQYUiitSFoCAI7iTNw8Zek5jHon69qeAnCLMYZjicPgTrV0XhrQlKjjm1Ngelh2JtneGRhcZYoTNU1TIC3KKDpp8QhDeoalOmO%2F%2FRzDzTJKzyhovUCJzOxMz78TUbt9fycjy89%2FiBcOsVwruOEyqXtCMEi3ohl18LBegoG%2F5rQhXRPO1lJgUN0YnGuDvVin0A%2BEs0xQ8BAAA%3D&product=open&%24full_url=https%3A%2F%2Fopen.spotify.com%2Fepisode%2F6lOR6o5hyq0yBX1UNKzG3j%3Fsi%3Dbd6af9ab663e48f9&feature=organic&_branch_match_id=1294499973084262137 3- https://www.dropbox.com/s/d22rhv7p2s9wl1b/Inventing-Bitcoin-Print.pdf?e=1&dl=0 4-https://dergigi.com/2020/04/27/dear-family-dear-friends/ 5-https://podcastnotes.org/tim-ferris-show/szabo/ 6-https://stephanlivera.com/episode/71/ 7-https://www.lynalden.com/misconceptions-about-bitcoin/ 8-https://www.swanbitcoin.com/canon/bitcoin-101/mobile/ 9-https://unchained.com/blog/bitcoin-obsoletes-all-other-money/
No, any income beyond what I put in counts as normal income. I only interact with a CEX when I am looking to cash out, once it hits the exchange from my wallet i count it as taxable (it is) and take my estimated tax out and set it aside. As such my Coinbase mostly just looks like this: PURCHASE - XXXX.XX USDC SEND XXXX.XX USDC to off CEX wallet Received - XXXX.XX USDC sold - XXXX.XX USDC for USD Withdraw XXXX.XX USD to bank Net is taxable
[**bitcoin chart with order book heatmap**](https://chartexchange.com/chart/crypto-btcusd/?state=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%3D%3D)
Reminds me of one of those “Accident free for XX days” signs in a factory. I can’t bring myself to buy SOL no matter how hard it pumps.
My roommate just did the same thing last week "...you should have pushed me harder to buy BTC when it was $15k..." The words that came out of my mouth, at the time, are as follows: "You are going to miss out by NOT putting that $XX,XXX.xx amount of money into BTC, just so we are clear, when it breaks it's ATH before / after the halvening, you are going to miss out!" End of story. My roommate has, in fact, missed out on gains. They should have listened to me.
I was once up 7x on my initial position in this coin. The problem is that instead of selling as it went up I tripled down at $3.XX and my average price increased to over $2. God I was dumb in 2021.
Enter your order in as $0.XX and you will see Z sats is your .07
Nah… People saying this obviously haven’t made much money at all. I always try to sell off XX% during bull run periods. I’m still up ~1400% on my BTC, and it’s during times like these that I sell off opposed to buy.
You can always give your buddy a taste of his own medicine. Look-up the wallet you sent those early transactions to and mention to him the time he moved $XX funds around, "what was that for???" etc.
Not true. They still allow withdrawals. For many coins the fee is extremely high or you have to send at least XX coins. I am telling you I thought everything I had was stuck until I sold to USDT and transferred out via Algorand for a $2 Kucoin fee and Algorand network charge of .001 ALGO. VPN isn’t even necessary but it does stop the pop-ups.
Well, that's really interesting. I bought some bitcoin from them in 2011. More recently I had a run-in with some KYC nonsense where a financial organization wanted to know where I got my coins. "I mined them" (that was almost entirely true, I mined most of them, used the majority in purchases, but have a little left). They didn't understand what that meant, and continued to demand copies of the purchase transaction, certified by an accountant. In the end, to my own surprise, I dug out 11 year old bank statements with a line "XX pounds, recipient Mr Taaki". I found an accountant who would farcically certify it, and got my account unfrozen, after months of grief. When Amir set up the exchange, it was called Britcoin. I can't remember when it changed to Intersango, or whether I had any balance on it when it disappeared. Amir had gone off to Syria by then. Funding by sending to the owner's personal account is quite quaint, too. I'll not have got the email because my old Demon ISP disappeared, but would quite like to check whether they have my transaction history or any remaining balance. Could you say what email they are using?
You have violated Coinbase TOS Rule # 47T9XX. You are under investigation. We can't tell you what for. We also won't say if you did something wrong. You figure it out. Try asking your Magic 8 Ball. Wait six months and try again. Meanwhile, send more money to your account.
There’s no shortage of Bitcoin. It’s not the same as a shortage of toilet paper. Bitcoin will continue to gain value / be divided into small and smaller chunks. In what denomination will Bitcoin be worth less in the future? I hold XX.XX amount of Bitcoin today, all else equal I will still hold XX.XX of Bitcoin tomorrow and ongoing until I exchange some portion of my btc for something else (cash, real estate, investment diversification, hookers & blow.. whatever). The value of the dollar is fluctuating/declining in relation to Bitcoin. But the Bitcoin that someone holds, and that will ever be available, does not fundamentally change.
>So technically it won’t be used as a currency that people use to really buy and sell stuff. If I'm into Bitcoin and use it as a store of value in 21XX, the only thing I'm accepting for my goods and services is bitcoin. The same goes for selling my car, house, or company. >Assuming what is said above is true leads to a problem. You're assuming wrong. >What will incentivise people to keep servers running since they don’t get new bitcoins for new blocks and people are holding their coin so barely any gains from validating transactions. But you’re still paying to keep those servers running so better shut it down no? This means everyone shuts their servers down and then Bitcoin is gone baby??? Every large company, owning a certain amount of the supply will be running miners to **protect their savings**. Bitcoin isn't gone baby. >Please try not to hate on me in the comment section and let’s try to keep this civilised even tho it’s difficult for some of the people in this subreddit lol It's hard to keep civilised discussion when people post repetitive nonsense without 10 minutes of thinking. Be better, use the search button before thinking you're the smartest person in this sub, please.
Exactly! It’s not a crypto vs Roth etc. most people that buy and hold crypto significantly outperform traditional investments so you could argue more people should be buying crypto. The problem, and I’ve seen it with highly educated friends not just lower income people, is news is reactionary. So when a stock/crypto gets hammered it’s always “is this the end for XX?” Or “how much farther till it finally stops?” So people panic and sell or don’t buy. Then when they do well it’s always “huge gains seen here” or “still more room to go” etc. so people fall for it and buy. The news/media essentially makes you feel comfortable buying high, and push you to sell low.
Can anyone explain how hackers launder crypto through exchanges (as it stated this happened in this situation)? I'd imagine, with the amount of KYC involved (at least in the US), that Binance/Kraken would be able to say, "Looks like it hit John Smith's wallet, he lives on XX and his SSN XX." Or perhaps it's easier to pass through KYC than I imagine?
of course airdrops are worth the time lmao!! What kind of question is this? Ive recieved \- 4K in ENS airdrop in 2021 \-2k in ARB last year And hopefully my JUP and DYM airdrops should be nice. All for just using the blockchains or dapps. In the case of ENS i was super lucky because i bought a XX.Eth name a few days before the snapshot
I signed on the top known websites to chase some aidrops ( questn, intract, soquest, taskon, zealy). Ended up doing well Over 3000 campaings (not quests), was on the top 1% in 2 of those. My rewards where just some useless tokens worth nothing or 1USDT, 1Matic and some worthless OATs, NFTs and so on, my biggest prize was 50$ in ETH. This was for 4/5 months. It's not worth IMHO, but ended up meeting new projects that seem to be promising. KOII Network - layer 1 blockchain and you can run a small node and get passive income. Here is the link https://www.koii.network/node?promo=A5E23BE69CC3 it has my ref so you get 5 KOII and I get it too, no need to use it but would you Nice. Over Network - A project from South Korea that is already backed by some investors, its a L1 blockchain and it's a new protocol Ethanos. https://mobile.over.network/en/invite/XY0V43XX0N that's the link but other than friend cards we both don't get anything. Admeal - a project for cooking recipies, an interesting feature is you place a picture of the ingredients and the AI will do a recipie for you, it's truly remarkable. All of them are on the testnet. Anyway not here to promote those projects but from all the work I ended up in those communities and earning no more than 100$ for 4 to 5 months.
Ada is a solid investment right now. Ada around .50 is the new bottom imo. Of course, you’ll have your opportunity to grab it occasionally under that. The tech is solid, Charles is very smart and keeps people in the loop. Long term, you will look back and remember the opportunity you had to buy it for .50 or less. Wouldn’t surprise me at all if Ada sits around XX.xx price within 5 years. I’m trying to have at least a 15k Ada bag with an average under .80. Plus you have awesome stake rewards.
Sometimes it helps to zoom out really far. I bought my bitcoin for $125 in 2013. If I know that it is impossible for you to mine a new bitcoin for less than $XX,XXX in electricity costs today, would I sell it to you for $125? Hell no. It is **so much harder** to mine a bitcoin today than it was in 2013. If I gave it to you at that price, I would never be able to replace it. I will sell it to you for the price it would cost to obtain **today**. In this way, it is the cost to mine a new bitcoin (the marginal cost of production) that determines the price, even if what the miners produce amounts to a small percent of the total supply.
My spouse and I do a 80/20 split. We both work. 80% of our income goes to shared accounts. 20% is our individual fun money (spa days, collectors items, etc.). I invested BTC with my fun money with a mix of traditional assets. Which I think is fair. Now if they wanted to invest together, I would make it a part of our portfolio and do DCA. You have to be transparent with your spouse about your leverage. Money is the number one reason people split. Just imagine if the tables had turned and she’d invested 12x what you expected into a startup she wanted to bet on. It is reasonable for her if you are 12x in to change her input and have you sell something like XX% of your gain, and keep everything else in.
I'm not sure about that. It actually had its rises and falls in the last years. Maybe it will rise more, or may be banned or may be replaced by something entirely else in the nearest future. Compared to it, gold has passed through generations, including the turbulent XX century. Yes, it isn't exactly flashy and trendy, but seems to be more reliable.
Idk if you'll ever recover your funds man but you still have time to make some crazy money for the next run up. I recommend a solid micro cap that could potentially 100x or more. It's the only way at this point. $XX might be a good bet.
This is great. I really miss the XX commercials with him.
$XX Network is still microcap. They were working with the BIS and IBM to use their mixed network for CBDC's (Project Tourbillon).
XX Network! Only 20 million market cap. It’s middleware that shreds meta data, a mix network. They been working with the BIS to use their mix network to bring privacy to CBDC’s! Their founder was on a YouTube video on the BIS’s channel!
Bitcoin and likely Eth for sure. I think Link and XX will be there too especially if CBDC’s become a thing. XX is micro cap no one knows about yet but it’s like link where it’s middleware but instead of oracles it’s meta data shredding. This will shuffle metadata (private blockchains don’t do this) and provide privacy for its users.
QAN is a good one. But private blockchains still have metadata. Paired with a mix network like XX Network then its users become fully protected (See Cambridge Analytica and how they can mind control people based off their metadata).
$XX Network. They were working with the BIS (bank for international settlements) and the Swiss National Bank. The XX network is a mix network, it's like middleware (think chainlink is to oracles) but it shreds metadata. Their marketing is mush though, they're purposely not talking about their coin for whatever reason. Their CEO was in charge of BIS's "Project Tourbillon" and I think they concluded it, and are about to report on it.
https://external-content.duckduckgo.com/iu/?u=https%3A%2F%2Ftse3.mm.bing.net%2Fth%3Fid%3DOVP.hcanOXhQD5P6XVIAv6XX\_QHgFo%26pid%3DApi%26h%3D120&f=1&ipt=093d6e3a44b74f7d53c79d1aac91cd0673c6b344ba1fd6654fd781fcd244a505&ipo=videos
+1 Ada. I think a 3x of ATH is not out of reach. Something in the 7-9.XX bracket is "possible" albeit a grand scenario.
Does it say XX ETH as your balance?
I just noticed in the Coingeko portfolio app all of my currencies are listed as XX BTC, XX MOON, XX XRP, XX MATIC, etc. except for ETH, which is listed as Ξ XX with it's own symbol. Why only ETH? Why not use ₿ for Bitcoin?
> I've come across an old document where I noted a number (format: XXXX/XX) along with 12 random words. Do you remember writing that document? Do you remember buying bitcoin? It would be weird to find a document you wrote and not know what it is.
Average people be like: "I need software for XX purpose" (in this case, something as critical as managing money!!) *Goes on Google and searches for XX purpose software.* *Clicks first link that shows up, installs garbage software* *Gets scammed and/or malware* *Goes on Reddit* "pLeAsE hElP mE!"
So what you're telling me is all those hypothetical "you are sent back to 20XX" ends with you being a trillionaire?
David Chaum is the founder of the XX Network. Their coin launched in 2022 I think. It's a smart contract L1 but with a Mix network attached to each node basically. And it's supposed to shred meta data. He worked with the BIS and SNB testing the mix network for privacy with CBDC's. The BIS is actually supposed to do a final report on it tomorrow I think.
>Genuine question from a guy that isn’t very fluent in finance: I constantly see posts on this sub, and other crypto subs about price predictions. “XXX will be $XXX,XXX by the year 20XX!” But does anyone take inflation into account? The general consensus seems to be that bitcoin will surpass $300k by 2030 Nobody, I mean not even a single person, knows what the price of Bitcoin will be. >how do we know that $300,000 won’t be pocket change by then? In this scenario, keeping your savings in fiat will be disastrous. >For whole-coiners, is this a viable retirement plan? Or is this something that will put a very small dent in an affordable mortgage or pay for an economy sedan in full? Nobody knows. All we know is that the number of wholecoiners be never more than 21 million. The rest is just a guessing game.
Yeah, exactly. I’m a small player in crypto. I know myself well enough what I want out of it - ie i just want to sell my gains up to XX% for some of my payables. I have a fixed, regular budget for these payables but just nice if I can intermittently get it from somewhere else instead of my regular pay. If I don’t have gains, then I won’t ‘die’, not end of my world. Personally - I think it is important to know how much money you’re willing to lose over crypto worst case scenario ie 100% loss even, up to how much % is acceptable loss/gains for you, what to do with your future gains, and which coins you personally believe and willing to work with. I know crypto is much more complex than this, but at the moment this is how I see and treat crypto. Plus end of the day our personal decisions should supercede everybody else’s opinion.
CBDCs are created on private networks. Cryptocurrencies are public networks. Now I see in the future that CBDCs can issue tokens through decentralized exchanges by creating LP tokens the same way we see uniswap or pancakeswap. This creates the system of truth that we look for in governments. Central bank of Palau is piloting this with XRP and tokenized deposits. If this pilot succeeds, I can imagine that other nations follow right behind with this playbook and standardizing this process. But no one really knows haha. CDBCs are scary with how it can be used against regular people. But it’s more nuanced than that. Without the adoption of CDBCs, countries that fail to adopt won’t function as efficiently compared to one’s that do. Pros and cons with this topic. All we would need is a privacy layer built on top of the CDBC and I would be all for it. XX network with David Chaum is doing just that 😉
So tomorrow is Friday and you know what that means for the charts... guess I'll prepare for some ETH $14XX buy orders. What coins are you eyeing on right now?
River released this report, and River was the cause of the large capacity drawdowns on the network. They tweeted extensively about it. They found that they could be more efficient by reducing misaligned capital and still maintain extremely high payment success rates. https://twitter.com/Leishman/status/1678733598445166596?t=PVg3ld4a8dYrAT0cc6XX5w&s=19 https://twitter.com/Leishman/status/1696253184098873370?t=TOq3v0DYOsYf-OtI3ejM9Q&s=19
DCA is the same as “scaling in” on investment terms. “DCA out” is a more sub-friendly way of saying “scaling out”, which is absolutely a thing in investing and something that people should absolutely be doing because you can’t time tops any more reliably than you can time bottoms. Profits are NOT just determined by exit strategy. Profits = sell price - cost basis. Entry price is half the profit equation. What I’ve been saying is you need to have an entry plan where you start AND stop DCAing each cycle. Otherwise, you’re always buying and if you’re buying while also taking profit you’re at least partially offsetting those sells. You don’t want to be buying all the way back up and then all the way back down. Apply the plan I just laid out to every single cycle we’ve had. That plan works for every single one. Personally, I have a greater understanding of market cycles and TA and so I can actually let the market tell me when to accumulate — the idea you can’t time it is kinda BS, you can absolutely get roughly in the ballpark, and a more “pure” DCA is more for those who don’t know how to read the market signals — but the plan I laid out conservatively front-runs drawdown trends from previous cycles which have been decreasing in magnitude and for which the plan I stated accounts for. That plan should be good for the next cycle, but I would need to see how this cycle plays before endorsing it beyond next cycle. Invetopedia definition of Dollar Cost Average is “investing the same amount of money in a target security at regular intervals *over a certain period of time*, regardless of price.” The part in italics is important. There needs to be a period over which you invest, be it time based or based on “as long as the price is below $XX,XXX”. Additionally, when you look under the “Who Should Use Dollar-Cost Averaging?” Section of the Investopedia article, the final section states: > “However, dollar-cost averaging isn’t for everyone. It isn’t necessarily appropriate for those investing in time periods when prices are trending steadily in one direction or the other.” https://www.investopedia.com/terms/d/dollarcostaveraging.asp Translation: DCA isn’t something to use when there is a clear trend up or down because if price is going up steadily you’re likelier to be buying tops and the risk:reward isn’t there and yo you don’t want to buy a steady downtrend as that’s just knife-catching. Dollar cost average is appropriate and wise to employ when the market is in a consolidative phase (sideways price after significant drawdown), which is precisely what I’ve been advocating. “DCA” is NOT an entry plan. Unless you are truly advocating to forever be DCAing, which really isn’t a plan at all and honestly at least needs to be suspended when you’re in ranges where your exit plan is telling you to sell. The plan I’m stating is essentially a way to buy somewhere remotely in the ballpark of a bottom. It is a DCA as it’s not throwing a lump sum down in one spot where I think bottom is, but saying “I’m happy to invest $XXX every Y# of days so long as price is below $ZZ,ZZZ because, while I don’t know where exact bottom will be, I’m confident that it will occur below that price and I’m very confident I’ll be able to sell at prices above $ZZ,ZZZ.” And with the exception of HODLers who aren’t even looking to sell, is that not what we’re all looking to do?
I liked you better when you only reacted to the "CCIP-0XX" format. How can I reference a particular CCIP without AutoMod babbling?
It's easy, you have to start with $XX,000.
But many coins are like this. I certainly don't mean no value but while the value of coin is still low, something like ADA many people staked in the hope that the coin will do so many X in 20XX etc. ADA is not the only example. So I figured that you must be BTC or ETH maxi. :D
I guarantee that at some point in the near future, once a majority of Gen Z have turned 30+ and haven't used cash in years (look at the trends - cash is being used less and less, especially by the youngest generations), an announcement will be made - "all cash must be deposited at a local ATM or bank branch by XX/XX/20XX and an equal value in digital currency will be given. Your cash will not lose any value until midnight XX/XX/20XX, at which point, it will no longer be considered legal tender. This is in response to a decrease in citizens using cash, a way to fight inflation, and to keep you safe by counteracting organized crime. Now line up, idiots." I'm really fucking certain this will be the case sooner rather than later. Just look back to when the government confiscated gold in order to push the dollar...
When I lost some funds on Cryptopia when it went under in 2018 they've had this insane claiming process. They've asked for specific times and dates when I executed transactions etc. it was impossible to remember all of that information. That was before exchanges were sending notifications to you such as: "transaction XX/XX was executed at XXX time" there was no track record of it. And they expected me to remember all the details. Some questions were like: "what coin and amount did you trade at XXX time and XX date" like fuck off man. All those bankruptcy claim procedures are so shit and so against users that it's beyond me. Since then, I always keep funds out of the exchange.
Hopefully we can continue with a big number. CGPT says the next number in line is something like 10.XX%
Hey bro. I get you. Honestly i cant say much becsuse its between the 2 of you. But the sun will definitely shine on crypto again. We have a pending of XX Trillions pouring into crypto once the ETF are approved. Continue the DCA and i hope your relationship with your wife get better
People spend hours researching phones and laptops that cost $XXX \~$1,XXX, but only spend minutes on $XX,XXX+ investments. Humans are weird.
Spot on. Weekly or Monthly buys are the way to go in my opinion. Throw down $XX every week Monday morning and you’re golden
Well OP isn't saying thay. He is saying from day 30 you accumulate 0.XX% each day and then you make a call on a green day to sell those days you've accumulated. Eg. 0.25% each day, so after 60 days (3 months from ATH) sell 15%.
I learned a lot about psychology back then, my own but the herd too. I promised myself, next time I saw "you will never see $XX again, last chance!" that I would sell a huge % of my portfolio as a hedge. I won't do it because I can't lol, but watch, because of *this guy* we'll all go down 30% this week now. The arragonace in these markets is always astounding. Not even a slight glimpse of good news, BTC down 15% on the week, then some hedge manager will make a BTC $2M EOY prediction out of no where - like what? So many REKT listening to these people in the process, too.
IF Tether fails, it will be epic and really hurt crypto, financial markets and a lot of people. But, it will pass. Satoshi didn’t write the white paper to account stable coins trickery, fraud serving centralized exchanges or the rest of crypto. Bitcoin will survive all. And it would an amazing opportunity for those who missed “their” window to get in. Keep stacking my friend (say it like the Dos XX guy) 🍺
If you prefer holding stables in current conditions, you can lower your exposure & risk by buying XX amount of BTC + shorting XX amount equally. Results in an overall net neutral position but less exposure in case stablecoins depeg + you can earn up to 7% yield of long positions due funding fees Advanced step is once turning bullish you close the short position ( preferable low & in profit ) and buy BTC with it Is something I never see ppl talk about but very popular between larger participants. You can also imagine closing those positions does have an impact on the market
Sure, but in your example BlackRock has built the highways in thousands of other cities, and the cost to build them is negligible. Don't get me wrong, I am not saying that this may not add liquidity, but I got bored reading comments like "the biggest asset manager managing XX trillions of USD invests in BTC" No they do not, they simply create one more product to make fees....
As long as it is money you could lose (or money that you would have spend on other shit otherwise) then there is no need to stress right? Ngl i don't keep her posted on what happens with my portfolio. Besides the fact that she isn't interested in it anyways, it was money i would have used for smoking when i still smoked. It's money i could lose. I have faith in these investments and look forward telling here that i mad XX profit during the bull market. And if it tanks, well than that sucks but no harm has been done.
It does if both the borrower and the lender work with a trusted third party to create a 2-of-3 multisig wallet to hold the collateral. Oversimplified: a. If the borrower demonstrates to the third party that the loan has been paid in full and the lender agrees or the lender fails to object within XX days, the third party and the borrower sign a transaction to transfer the collateral to the borrower's wallet. b. If the lender demonstrates to the third party that the loan is in default and the borrower agrees or the borrower fails to object within XX days, the third party and the lender sign a transaction to transfer the collateral to the lender's wallet.
i guess about 7 days from when they posted the "moon week XX" post
Yep. I forget if this was after you were suppose to move off of gnosis chain or early on, but I do remember seeing $8.XX of liquidity there. Just can’t remember when this was
its more like "we'll make this contract and credit your account $XX and pay you for endorsing us and giving us more exposure by gambling with this free credit on your account" and then they win big and draw more people in gambling with what is basically to them monopoly money they're contractually obligated to not withdraw and use for entertainment/advertising. It's what they do with all the big gambling streamers as well as celeb endorsements.
I know someone did the maths before but I can’t remember. If moons took #100 their price would be XX. I’ll see if I can utilise my GCSE maths well
20 years from now, There will be post like these “In 2023, the price for 5000 units of ‘XX’ was $60” and again people like us would comment, “Hindsight is bitch”.
I believe it's $XX in common parlance.
actually maybe... since i think BTC is supposed to only stop mining around 21XX , so really possible.
I don’t know: - September almost always red month for Bitcoin - SP500 will most likely correct to 41XX so still some way to go - ETF will very likely be delayed and accepted next year at the final deadline - Expected that the CME gap around 20K gets filled All in all, my strategy is to continue buying but at a very slow pace, keeping the largest portion for later in September
What makes you think the government can't already do that now? We saw it with the Canadian government freezing the bank accounts and transactions of those caravan people. Instantly. By decree. Bankful one day, bankless the next. Putting an expiration date could also be accomplished via some mechanism. Such as taxing you XX% of money you keep in savings/chequing to force you to spend it. Didn't Denmark or something came up with something similar?
I don't even remember the last time I looked at my btc bag. These articles are as useful as the "Here's how much you'd have if you'd invested in 20XX" ones.
Exactly. But those coins will NEVER get spent. Most technical analysis folk track coins that haven’t moved in XX months, and make a big stink when they do finally move (if they do). Realistically, the coins will be marked as “dead/lost” and we’ll all be surprised if the move. As of now, there is no way to get those coins (aside from brute forcing a private key which is…impractical to say the least)
The thing is that the company misleads them in order to be able to tell the world they have XX millions of people in the database. People that can easily mislead will jump in aswell and the company can sell all this expensive data.
I watched his YouTube video and I think he was cautious to add a number of carefully phrased caveats, such as: “according to STF, the value of BTC could be as high as XX by XX date.” If you listen closely many of these analysts are cautious to how they frame things which gives them plenty of room to backtrack and claim later they “called it”. Nothing against, PlanB, but I just take all these analysis with a pinch of salt and instead just saddle up to enjoy the rodeo, good or bad.
> until only people who need decentralisation and censorship resistance are left. Major flaw in option 1, literally everyone whether they know it or not needs it. Bitcoin's rally against fiat is a 'when' not 'if'. Similarly, rapid hyperinflation for fiat is a 'when' not 'if'. In 2023 we have the privilege of choosing bitcoin. In 20XX people will have no choice. "You cannot shield yourself from the consequences of someone holding harder money than you."
And XX years later, I remember that one class as clear as day. I can't remember even the subject he was meant to be teaching us though!
I’m in XX network!! Such a gem! They’re working with the BIS and Swiss National Bank it’s crazy it’s a micro cap! They just announced that they’re connecting to the XRP Ledger, also have announced partnerships with some projects on HBAR and ALGO. Shit is criminally undervalued!
He started the XX network. It’s coin launched last year and their focusing on privacy for CBDC’s and quantum resistance. They’re working with the BIS and SNB called project Tourbillon. Seems like a gem, it’s micro cap and most micro caps don’t work with the Bank of International Settlements.
He started XX Network in 2017 or something. It’s token just launched last year in the start of the bear. It’s an L1 focusing on privacy and their working on privacy for CBDC’s. Currently working with the BIS and SNB for their CBDC’s. They also just announced their connecting to the XRP Ledger for whatever that’s worth. Looks like they’re focusing on the CBDC narrative.
He founded the XX network. It’s a layer 1 blockchain that’s mainly a mix network (think TOR) but in decentralized form. It shreds metadata, and with this they’re trying to use it to bring privacy to CBDC’s. They’re working with the BIS and SNB on their CBDC’s. So I guess he’s at it again.
Would be interested in seeing a $X.XX/hr calculation
Hearing "we're a community with XX amount of members" brings some bad 2021 shitcoin vibes...
right, because should you suggest them to invest in coin XX, and it then goes down - you will be the "CEO" they will come to asking for a refund
Double XX both XRP and XLM is two freaking hand of my portfolio now
Ohhhh I remember the “XX% of my net worth being in crypto” posts, being very popular right before crypto fell off a cliff:)
This is what I'm thinking too. They are just going to settle for XX million dollars with organizations backing Cardano, Solana, Polygon. The crypto orgs will take the settlement so their coins can remove the Securities label and avoid a protracted court battle where their tokens miss out on the bull market gains. The SEC gets a small win because they can say they are making crypto pay and regulating the space, instead of going to court and getting destroyed (SEC lost to Ripple, they have no chance of winning against others, especially with this precedent)
X btc mined per day. XX bought per day. Now / being mined, but XXX will be bought. Do the math
Well, metamask is just an interface to interact with the HW wallet. They are the more popular ones, that’s why they got targeted for phishing. If XX wallet is as popular as metamask, I think XX wallet will have the same fate. The main issue is education I guess…