Finance cryptocurrency

Started by JMG, May 28, 2017, in Life Add to Reading List

  1. fezzer
    Posts: 521
    Likes: 410
    Joined: Feb 16, 2011

    Feb 7, 2018
    Crypto on the way back up peoples.
     
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    Dec 14, 2019
  2. dg93
    Posts: 461
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    Joined: Aug 15, 2016

    Feb 7, 2018
    Idk if we're out of the shitter just yet. Looks like we might have finally hit a bottom but never know with this shit.
     
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  3. fezzer
    Posts: 521
    Likes: 410
    Joined: Feb 16, 2011

    Feb 7, 2018
    No you don't know, let's hope.
     
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  4. Slyk
    Posts: 5,707
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    Location: Detroit -> Chicago.

    Slyk

    God made a prophet.

    Feb 7, 2018
    fyi: i spoke with a cpa who specializes in crypto today re: taxes:

    every buy/sell from coin to coin IS considered a taxable event and needs to be reported on your taxes as a short term capital gain. these are not like-kind exchanges. what this means is:

    1.) USD->BTC
    2.) BTC->XRP
    3.) XRP->ETH
    4.) ETH->XLM
    5.) XLM->LTC
    6.) LTC->USD

    2-6 are taxable events (the same would be true if $6 didn't exist and you never went back to fiat)

    to calculate the entry/exit profit/gains you need to identify what the cost of your entry coin was in USD at the time of entering as well as the cost of your coin was at the time of exiting your position. this is on you to calculate these.

    #fucked
     
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  5. Trackz
    Posts: 8,973
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    Trackz

    Black Lavalamp

    Feb 7, 2018
    :SADWAYNE:
     
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  6. icecube
    Posts: 4,431
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    Joined: Feb 15, 2011

    Feb 9, 2018
    Holy shit.
     
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  7. dna hits
    Posts: 4,395
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    Joined: May 3, 2017

    Feb 14, 2018
    Litecoin back over 200. I had faith in it even when it seemed the market was failing and glad I held on. Litepay is officially being released February 26 so I would assume this will only help grow the coin. Ltc seemed to have jumped the most since the recent correction.
     
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  8. dg93
    Posts: 461
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    Joined: Aug 15, 2016

    Feb 14, 2018
    Got back in it at 157. Wish i had loaded a few more up at 105 but I'm happy where I re-entered. Easily a 1,000 coin or more eventually.
     
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  9. icecube
    Posts: 4,431
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    Joined: Feb 15, 2011

    Feb 15, 2018
    Good to see everything back on the up. Also very glad I never let go of my Litecoin. Although I don't own much it's still good seeing my money reaching back to an acceptable level.

    Loads of good news stories at the moment. South Korea looks like they are going back on their word of regulating it (prob a threat from N.Korea at the Olympics as this is surely the only money source they have!).

    European banks saying it's not their job to regulate it so will stay away until they believe the blockchain is something they want to work with.

    This whole Litecoin/Litecoin Cash thing is really interesting. @Slyk what do you know about this fork that's rumoured to happen on Sunday? How will it affect the coin and it's value? LTC Cash seems to be nothing to do with Litecoin yet it appears to come from a fork. Confuses me a bit!
     
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  10. Slyk
    Posts: 5,707
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    Location: Detroit -> Chicago.

    Slyk

    God made a prophet.

    Feb 15, 2018


    my understanding is that the coin/blockchain is NOT forking, but their open source code is being utilized into Litcoin Cash which they have no hand in, so their code is "forking" (terrible word to use for this imo) but their product is not..
     
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  11. dna hits
    Posts: 4,395
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    Feb 15, 2018
    Yeah I read something about the fork where it said they’ll give you like 10 litecoin cash for one Ltc. Basically trying to scam you out of your litecoin for some shitty cash replica. Or they might just steal your entire Ltc wallet in general. Once I found out the owner of litecoin has nothing to do with this Im definitely staying away from it
     
    Last edited: Feb 15, 2018
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  12. Slyk
    Posts: 5,707
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    Location: Detroit -> Chicago.

    Slyk

    God made a prophet.

    Feb 15, 2018
    lol that's a clever way of saying, "you can buy our coin using your litecoin".
     
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  13. icecube
    Posts: 4,431
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    Feb 15, 2018
    So it's essentially just another ICO using the Litecoin blockchain? Similar to the 100 odd coins that use Ethers'?
     
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  14. Slyk
    Posts: 5,707
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    Location: Detroit -> Chicago.

    Slyk

    God made a prophet.

    Feb 15, 2018
    i haven't done a ton of research but that's what i get from it all as well. the only difference is that they're posing as a Litecoin fork but in reality that's not the true case and it's not LTC-sanctioned.
     
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  15. fezzer
    Posts: 521
    Likes: 410
    Joined: Feb 16, 2011

    Feb 22, 2018
    If anyone stores keys to wallets on there computer, find another place
    I had 3.2 XMR stolen from my mymonero acc. I dont think they got key off my computer but mymonero do. just a heads up.
     
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  16. Howie
    Posts: 590
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    Joined: Nov 23, 2014
    Location: Florida

    Feb 22, 2018
    Yes, write it down. It's crazy that people store thousands of dollars online and don't take some basic security measures. I don't do anything fancy but I'm careful with how I access my accounts and where my seed (keys) are written down.
     
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  17. Howie
    Posts: 590
    Likes: 390
    Joined: Nov 23, 2014
    Location: Florida

    Feb 26, 2018
    It took 34 minutes for me to transfer BTC from Gemini to the Waves Platform. Should I feel good about that length of time? I thought it was going quicker in most cases but then I hear stories of it taking 8-12 hours. I also didn't pay any fee? How the hell? I received the exact amount I sent.
     
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  18. Slyk
    Posts: 5,707
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    Location: Detroit -> Chicago.

    Slyk

    God made a prophet.

    Mar 14, 2018
    are we rich yet? weren't we supposed to be rich by now?
     
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  19. Howie
    Posts: 590
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    Joined: Nov 23, 2014
    Location: Florida

    Mar 15, 2018
    Hahaha, I'm holding pretty steady but crypto has become kinda boring. My coins have constant news and updates but no significant movement.
     
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  20. Howie
    Posts: 590
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    Joined: Nov 23, 2014
    Location: Florida

    Mar 16, 2018
    I just put 5k into this ICO: https://ticketsale.rewardmob.com/ Figured I would share. You can download the app and play the games before investing. I think it is going to be huge and they already have a working product.
     
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