So I've got my BCH from Coinbase. I'm going to pull half of it out and put it into altcoins and keep half of it in BCH. I figure I got my BTC payday, this can be my play money.
Bitcoin seems doomed long term or at least very long term. I can't even use it to transfer money between exchanges because it's extremely slow and expensive. It's faster to convert my money to LTC, transfer it, then convert it back to BTC on the other exchange. I'm holding the BCH just in case BTC falls from grace.
My frustration is with the exchanges too. I've tried to make a new account with several recently and the only one I was partially successful with was Kraken, and that is just Tier 0 membership so far. It seems I am stuck with Coinbase, which is fine with me, but I've been wanting to grab some alts lately but can't because of the other exchanges taking FOREVER.
Man, I know absolutely nothing about this stuff and I got two texts from friends telling me to look into Ripple over the last few days. Honestly, after reading through a lot of this thread it seems like a lot of time and work to understand and even to get started into buying it. Gonna do some more reading on it today.
Man, I know absolutely nothing about this stuff and I got two texts from friends telling me to look into Ripple over the last few days. Honestly, after reading through a lot of this thread it seems like a lot of time and work to understand and even to get started into buying it. Gonna do some more reading on it today.
Totally worth looking into. I'd stay away from the more expensive currencies since most of those will take a lot longer to double than the cheaper currencies. Basically just sign up on coinbase and binance, buy some Bitcoin on coinbase, send it to your binance account, and then trade that Bitcoin on your binance account for whatever binance has, such as ripple, Tron, verge, etc
Best of luck! a couple people I know who just got into this last week are already up a couple grand.
See this news about Long Island Iced Tea Corp.? This all seems like a big old hype train right now and you just gotta hope you jump off before it crashes. Again, I know so very little about this stuff, but it seems extremely volatile right now. Definitely gonna keep poking around.
I was finally able to get into an exchange OTHER than Coinbase....I highly recommend Binance.com for those who are wanting to get into alts...they have many to offer and the exchange is generally user friendly and easy to set up an account.
I was finally able to get into an exchange OTHER than Coinbase....I highly recommend Binance.com for those who are wanting to get into alts...they have many to offer and the exchange is generally user friendly and easy to set up an account.
I was looking into Binance, but I keep reading a fractional coin issue? Once I read it, it kind of turned me off.
End of January predictions for BTC anyone? I think it'll recover, but who the hell knows at this point? I personally thing BCH is a shit-coin and will settle, I don't see it unseating BTC.
End of January predictions for BTC anyone? I think it'll recover, but who the hell knows at this point? I personally thing BCH is a shit-coin and will settle, I don't see it unseating BTC.
I checked just a few minutes ago! Panic selling, everywhere! I think BTC will end up around the 14K mark in January. Possibly higher, but there's just no telling on this rollercoaster ride!
Definitely in 2018. In 2017 it may still be more of a gray area. Personally I'll be counting each trade between coins as a taxable event. I've only been buying for the last month or two and most of my exchanges from one currency to another have been shortly after the initial purchase of ETH with USD to then buy another currency. So the gains and losses should be pretty minimal there.
What I'm less certain on is how wash sales will apply. I've been using USD to buy ETH to then buy my currency of choice, so I've been buying ETH and selling it, sometimes potentially at a loss, then buying back into ETH within 30 days (to then buy another currency). I guess to avoid a wash sale being an issue, you just don't count that loss against your gains?
I just wish I bought bitcoin when it was at $80. When I tried to sign up for the exchange back then giving out a picture of my drivers license and SS# just screamed fraud to me so I never did.. and I was planning on buying 3 bitcoins just to 'try it out'. now I finally signed up for an exchange for XRP and it's already shot from 22 cents to over $1.19 now that I'm validated. I wonder if it would even be worthwhile now.
I just wish I bought bitcoin when it was at $80. When I tried to sign up for the exchange back then giving out a picture of my drivers license and SS# just screamed fraud to me so I never did.. and I was planning on buying 3 bitcoins just to 'try it out'. now I finally signed up for an exchange for XRP and it's already shot from 22 cents to over $1.19 now that I'm validated. I wonder if it would even be worthwhile now.
There is always something worth investing in. I was shocked that Rippled had that much of a price increase in such a short period of time despite already being such an established cryptocurrency. I'm sure that long term, Ripple would not be a poor investment, but I would have a hard time believing it would go 5x again so quickly.
I wouldn't feel comfortable recommending a currency for you to invest in, especially if it would be your first ever foray into this space, but if you are still interested in investing in something browse www.reddit.com/r/cryptocurrency for a few days and get a sense of what other options are out there. I'd also recommend this youtube channel as a source to balance against things you may read on reddit: https://www.youtube.com/channel/UCUqU56tqhlGDrMGgrQrE5AQ
I just wish I bought bitcoin when it was at $80. When I tried to sign up for the exchange back then giving out a picture of my drivers license and SS# just screamed fraud to me so I never did.. and I was planning on buying 3 bitcoins just to 'try it out'. now I finally signed up for an exchange for XRP and it's already shot from 22 cents to over $1.19 now that I'm validated. I wonder if it would even be worthwhile now.
There is always something worth investing in. I was shocked that Rippled had that much of a price increase in such a short period of time despite already being such an established cryptocurrency. I'm sure that long term, Ripple would not be a poor investment, but I would have a hard time believing it would go 5x again so quickly.
I wouldn't feel comfortable recommending a currency for you to invest in, especially if it would be your first ever foray into this space, but if you are still interested in investing in something browse www.reddit.com/r/cryptocurrency... for a few days and get a sense of what other options are out there. I'd also recommend this youtube channel as a source to balance against things you may read on reddit: https://www.youtube.com/channel/U...
I know very little about this stuff but I will say this. Currently sitting at ~1.20 Ripple would likely increase more than 5x in a day if Coinbase picked it up.
Getting added to Coinbase would strongly affect the price. A 5x increase from here however would mean that it would surpass Bitcoin in total market cap and become the #1 largest cryptocurrency: https://coinmarketcap.com/
Possible for Bitcoin to be dethroned, especially given its transaction fees and times, and it could even come in 2018, but in any case, it'll be interesting to watch and see how it plays out.
Getting added to Coinbase would strongly affect the price. A 5x increase from here however would mean that it would surpass Bitcoin in total market cap and become the #1 largest cryptocurrency: https://coinmarketcap.com/...
Possible for Bitcoin to be dethroned, especially given its transaction fees and times, and it could even come in 2018, but in any case, it'll be interesting to watch and see how it plays out.
It would jump to a 5x or more price on Coinbase but trading would be suspended for the next 5 days. Once the trade ban was lifted it would settle back down to slightly higher than where it started.
Only half joking here but I could easily see a temp spike above the 5x mark (esp if no one saw it coming) followed by a correction. Surpassing bitcoin even on temp basis would only add fuel to the fire. As you say it would be interesting to watch.
Me a couple days ago when XRP was at $1: "I see too many people buying this because the price is so low compared to other cryptos saying how big the potential is for gains, but to even go up to $2 the market cap would have to hit $80,000,000,000"
Me a couple days ago when XRP was at $1: "I see too many people buying this because the price is so low compared to other cryptos saying how big the potential is for gains, but to even go up to $2 the market cap would have to hit $80,000,000,000"
Meanwhile
Lol, I was trading XRP last week when it was below $1 and sold it. Then I saw that it rallied for the third week in a row so I bought some a few days ago at $1.25. Now it's about $2. I keep wondering how high this thing will go. Needless to say, it has already outperformed BTC in terms of % of increase annually. It will be interesting to see where this holds up.
Also, I already regret (FOMO) not buying it when I saw it at 0.50 just earlier this month.
I cashed out my BCH for RaiBlocks a week ago, and that seems like it was a pretty good idea. I'm holding out for those long term capital gains rates so not getting too excited over the crypto-mania price increases on some of these things. I still think everything is overvalued, so I'm not putting real money into this, just playing with my "free" BCH money.
I cashed out my BCH for RaiBlocks a week ago, and that seems like it was a pretty good idea. I'm holding out for those long term capital gains rates so not getting too excited over the crypto-mania price increases on some of these things. I still think everything is overvalued, so I'm not putting real money into this, just playing with my "free" BCH money.
Raiblocks has been a very pleasant surprise for my portfolio
Comments
Bitcoin seems doomed long term or at least very long term. I can't even use it to transfer money between exchanges because it's extremely slow and expensive. It's faster to convert my money to LTC, transfer it, then convert it back to BTC on the other exchange. I'm holding the BCH just in case BTC falls from grace.
Man, I know absolutely nothing about this stuff and I got two texts from friends telling me to look into Ripple over the last few days. Honestly, after reading through a lot of this thread it seems like a lot of time and work to understand and even to get started into buying it. Gonna do some more reading on it today.
Totally worth looking into. I'd stay away from the more expensive currencies since most of those will take a lot longer to double than the cheaper currencies. Basically just sign up on coinbase and binance, buy some Bitcoin on coinbase, send it to your binance account, and then trade that Bitcoin on your binance account for whatever binance has, such as ripple, Tron, verge, etc
Best of luck! a couple people I know who just got into this last week are already up a couple grand.
I was finally able to get into an exchange OTHER than Coinbase....I highly recommend Binance.com for those who are wanting to get into alts...they have many to offer and the exchange is generally user friendly and easy to set up an account.
I was looking into Binance, but I keep reading a fractional coin issue? Once I read it, it kind of turned me off.
https://www.reddit.com/r/binance/comments/7jxdok/fractional_share_bullshit/
And it just keeeeeeeeeeeeeeeps going!
End of January predictions for BTC anyone? I think it'll recover, but who the hell knows at this point? I personally thing BCH is a shit-coin and will settle, I don't see it unseating BTC.
And it just keeeeeeeeeeeeeeeps going!
End of January predictions for BTC anyone? I think it'll recover, but who the hell knows at this point? I personally thing BCH is a shit-coin and will settle, I don't see it unseating BTC.
I checked just a few minutes ago! Panic selling, everywhere! I think BTC will end up around the 14K mark in January. Possibly higher, but there's just no telling on this rollercoaster ride!
It isn't just coming in and out of USD that triggers taxes.
$0.030631 USD (-33.97%)
http://www.businessinsider.com/bitcoin-price-drops-plunges-friday-december-22-2017-12
Just a reminder, any trading between coins is a taxable event, per the IRS guidelines...
It isn't just coming in and out of USD that triggers taxes.
https://www.bloomberg.com/news/articles/2017-12-21/tax-free-bitcoin-to-ether-trading-in-u-s-to-end-under-gop-plan
Definitely in 2018. In 2017 it may still be more of a gray area. Personally I'll be counting each trade between coins as a taxable event. I've only been buying for the last month or two and most of my exchanges from one currency to another have been shortly after the initial purchase of ETH with USD to then buy another currency. So the gains and losses should be pretty minimal there.
What I'm less certain on is how wash sales will apply. I've been using USD to buy ETH to then buy my currency of choice, so I've been buying ETH and selling it, sometimes potentially at a loss, then buying back into ETH within 30 days (to then buy another currency). I guess to avoid a wash sale being an issue, you just don't count that loss against your gains?
People will be buying in for the "free" fork coins.
Keep an eye for a big short term push of BTC, Segwit2x is getting revived and going live around the 28th.
People will be buying in for the "free" fork coins.
https://www.reddit.com/r/CryptoCurrency/comments/7mfkhq/psa_b2x_segwit2x_hard_fork_bitcoin_scammers/?st=jbpv04ce&sh=0a16b7a2
I just wish I bought bitcoin when it was at $80. When I tried to sign up for the exchange back then giving out a picture of my drivers license and SS# just screamed fraud to me so I never did.. and I was planning on buying 3 bitcoins just to 'try it out'. now I finally signed up for an exchange for XRP and it's already shot from 22 cents to over $1.19 now that I'm validated. I wonder if it would even be worthwhile now.
There is always something worth investing in. I was shocked that Rippled had that much of a price increase in such a short period of time despite already being such an established cryptocurrency. I'm sure that long term, Ripple would not be a poor investment, but I would have a hard time believing it would go 5x again so quickly.
I wouldn't feel comfortable recommending a currency for you to invest in, especially if it would be your first ever foray into this space, but if you are still interested in investing in something browse www.reddit.com/r/cryptocurrency for a few days and get a sense of what other options are out there. I'd also recommend this youtube channel as a source to balance against things you may read on reddit: https://www.youtube.com/channel/UCUqU56tqhlGDrMGgrQrE5AQ
I just wish I bought bitcoin when it was at $80. When I tried to sign up for the exchange back then giving out a picture of my drivers license and SS# just screamed fraud to me so I never did.. and I was planning on buying 3 bitcoins just to 'try it out'. now I finally signed up for an exchange for XRP and it's already shot from 22 cents to over $1.19 now that I'm validated. I wonder if it would even be worthwhile now.
There is always something worth investing in. I was shocked that Rippled had that much of a price increase in such a short period of time despite already being such an established cryptocurrency. I'm sure that long term, Ripple would not be a poor investment, but I would have a hard time believing it would go 5x again so quickly.
I wouldn't feel comfortable recommending a currency for you to invest in, especially if it would be your first ever foray into this space, but if you are still interested in investing in something browse www.reddit.com/r/cryptocurrency... for a few days and get a sense of what other options are out there. I'd also recommend this youtube channel as a source to balance against things you may read on reddit: https://www.youtube.com/channel/U...
I know very little about this stuff but I will say this. Currently sitting at ~1.20 Ripple would likely increase more than 5x in a day if Coinbase picked it up.
Possible for Bitcoin to be dethroned, especially given its transaction fees and times, and it could even come in 2018, but in any case, it'll be interesting to watch and see how it plays out.
Getting added to Coinbase would strongly affect the price. A 5x increase from here however would mean that it would surpass Bitcoin in total market cap and become the #1 largest cryptocurrency: https://coinmarketcap.com/...
Possible for Bitcoin to be dethroned, especially given its transaction fees and times, and it could even come in 2018, but in any case, it'll be interesting to watch and see how it plays out.
It would jump to a 5x or more price on Coinbase but trading would be suspended for the next 5 days. Once the trade ban was lifted it would settle back down to slightly higher than where it started.
Only half joking here but I could easily see a temp spike above the 5x mark (esp if no one saw it coming) followed by a correction. Surpassing bitcoin even on temp basis would only add fuel to the fire. As you say it would be interesting to watch.
Meanwhile
Me a couple days ago when XRP was at $1: "I see too many people buying this because the price is so low compared to other cryptos saying how big the potential is for gains, but to even go up to $2 the market cap would have to hit $80,000,000,000"
Meanwhile
Lol, I was trading XRP last week when it was below $1 and sold it. Then I saw that it rallied for the third week in a row so I bought some a few days ago at $1.25. Now it's about $2. I keep wondering how high this thing will go. Needless to say, it has already outperformed BTC in terms of % of increase annually. It will be interesting to see where this holds up.
Also, I already regret (FOMO) not buying it when I saw it at 0.50 just earlier this month.
I cashed out my BCH for RaiBlocks a week ago, and that seems like it was a pretty good idea. I'm holding out for those long term capital gains rates so not getting too excited over the crypto-mania price increases on some of these things. I still think everything is overvalued, so I'm not putting real money into this, just playing with my "free" BCH money.
Raiblocks has been a very pleasant surprise for my portfolio