Archived threads in /biz/ - Business & Finance - 2560. page

>>2979147
another one bites the dust

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>selling bitcoin
idiot

"Crashing" at this point might just mean it goes down to 2200. I think >2k is the new normal

>>2979127
time to buy BCash

Buy Bcash now or stay poor for ever

>>2979163
why bcash? you mean neo poor faggots

>>2979086
>wait for the dip
>it keeps going up

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>>2979086

Im lmao at all the Bcash fags that bought into the wrong side if the split bwahahahaha

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>>2979070

basically you get rich overnight investing in any random cryptocoin.

this is my new car bought with 1% of my earnings

>>2979070
You are late to party.

BEGINNER:
>Buy into the most stable and widely used coins (BTC and LTC)
>Trade those coins into other coins you feel will be a good investments
>Wait and watch the values
>Sell if you feel like the coins have reached an all-time high point or if it is an obvious coordinated pump, or if it is just beginning to crash hard
>Hold if the value is less than you paid for or
>Stay active and trading

Pay attention to this board, as we all will usually help each other out. A good example of this is SIGT which we have largely attached to and can only keep going up from here. People who spam their garbage coins are usually called out but sometimes we get fucked by a pump-and-dump scheme (like KIDS).

>>2979059
it was just ridiculously oversold, just as it was ridiculously overbought when it hits the markets. It's not going anywhere though and should stabilize in the next few weeks.

flipped all my btc's in bch just now for some short term gains

Market manipulation. I suspect the only people buying up BCC's were whales that had the extra funds to do so. I dont think BCC is going away just yet.

>>2979013
no thanks I only buy good coins

>>2979013
dw I have Gi bags it's okay

>>2979026
iota is getting smart contracts... stay poor faggot i'll send a postcard from pluto

It's the "Lam-bo" arch.

>>2978947
winning

>>2978947
THE JADE RAPTOR CLAW OF FUCK BCASH

>>2978946
It has an OK logo

>>2978946
It was called ants before which is cute.

>>2978946
Kinda looks like a stool, maybe a good place to sit down and rest my arms. Phew, those bags were getting heav- *SMASH*

FUCKING CHINESE GARBAGE STOOL

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It would be a shame if NEO were to crash on August 8, wouldn't it?

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Do you know what hype, FoMO, greed and speculation are?

Did you seriously just quote reddit and call it "research"?

>>2978896
I made 1% on stocks last century

>>2978896
This has always been a crypto board.

>>2978896

Spotted the no coiners.

OUT OUT OUT, get him out of here!

Fuck NOOOOOO

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>>2978849
HOW COULD IT? IT'S THE CHINESE ETHEREUM?????????? CONFERENCES???? REBRANDING???? WTFFFFFFFFFFFFFFF AAAAAAAAAAA

Bwahaha enjoy your bags.

>>2978808
Sia

you are not missed sigt. Everything under 5000sat is free money. It will hit $1 in 1-2 months

>>2978808
margin long iota this week unless you're a retard

>>2978705
Because of the compulsive need for the government to retain complete control over its subjects, the USD will always and forever be the only legal tender in the United States. Cryptocurrency is considered property by the IRS, and therefore capital gains taxes apply. Ironically, the IRS would make more money taxing crypto as income, but normies would start to realize that all of the pillars of life created by the government that they have considered unassailable their entire lives are built on lies and a lust for power. But I digress.
____________________

The first and most important thing to understand about capital gains taxes is that there are two brackets: short and long term.
Short term capital gains and taxed at a much higher rate than long term taxes. The threshold is one calendar (NOT fiscal) year.
____________________

The second most important thing to understand is that you are only required to pay taxes on profits made, not losses. If you buy a crypto at the all time high and panic sell at a loss, you do not owe taxes on that transaction.
____________________

The third most important is that you pay taxes on what the coin cost AT THE TIME OF EXCHANGE, not the current value. This is your biggest money-saver.

>>2978707
Now let's dive into the nitty-gritty.
Some people have the idea that you can subtract the amount of fiat (USD for our purposes) you originally bought your first crypto with from the dollar amount of when you cashed out, and pay the capital gains tax on that final amount. This is known as first-in-first-out and works in real estate and commodities trading, but not crypto. You might be able to get away with that if you're dealing in small amounts and have no history with the IRS, but if you gain any scrutiny at all from Uncle Sam, you will be royally, royally fucked.

Assuming you will be trying to be the Wolf of /biz/rael and start daytrading like the worthless neet sperg you are, you will rack up a SHIT TON of microtransactions between different cryptos. This is why it's important to use an exchange like Bittrex or similar that keep printable records of all exchanges.
When you exchange a crypto for another crypto, a chain of imaginary events is created that are very real to the IRS:

(crypto X is converted to the current value of USD ---> USD is used to purchase crypto Y)

If this was your only transaction, this means nothing because (unless you are an utter retard) crypto X and Y will have the same value at the exact moment of exchange. The trouble (or good fortune, depending on how you look at it) comes when you have multiple transactions. Buckle your seatbelts, we're about to reach autistic levels of tax complication - I'll try to make it as simple as I can: with an example.

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Fuck off, kike.

SuppoSCAM

>>2978696
He shilled it but that doesn't automatically make it a scamcoin...

I found out about this on some non scammy facebook groups
Read the review. I'm not shilling. Im just about to buy .05 ETHS worth, its not an any major exchanges yet. Its up 400% this week. Ill prob get raped if I buy now, but it looks legit.

Its a crypto for crypto investing. Managing portfolios of cryptos.

The review is really comprehensive.
Just passing the knowledge on as biz made me money on NEO.

Expect more btc drama at the end of the month

New ath weekly until the new year.

Screencap this.

>>2978681
Bitcoin $100,000 in 10 years.