Can someone please redpill me on shorting? What is it? What's leverage? Explain it like I'm 5 plz
>>2776585
when you short you borrow money at current rate wait for the price to drop and give it back.
you borrow 1 coin for 5$ it drops to 3$ you give itback and keep the 2$ profit.
Margin trade means you borrow money from the exchange to trade it.
You have 1 bitcoin and the exchange borrows you another 2bitcoin. you invest those 3, keep the profit and pay back the 2bitcoin.
if you go down by 1bitcoin you will be liquidated and your bitcoin is gone.
If you're asking biz, don't do it. Seriously just don't even look at margin trading for another year.
Shorting is when you invest in a way that you expect a market to crash, so basically betting against something, in the case of crypto a coin, you trade and buy according to how and when you expect the coin to drop to make a profit. So some people may have bought ETH a month ago at $180, sat on it, and shorted at $300 because they expected the market to fail. Since it dropped that means they shorted it with a profit
I have an idea. What if all of us - each gave each other 0.1 - 1 BTC if we can double it by either going with an alt or through shares/stocks? Post your address and your idea to double the initial 0.1 I will give you. I gave you 0.1 - you make 0.2 then give me back the 0.1 - more people do this over and over and we will eventually make profit.
Sorry so to clarify, if you make 0.2 then you give me 0.12 and you keep 0.8 as we keep going around and around to make all of us profit.
If I give you 1 BTC and you make 2 BTC then you give me back 1.2 BTC and keep the 0.8 BTC.
>must be legit
>skype/fb chat - will ask
>>2776562
but if I could double the btc on my own, why would I give you .1 back?
and what if i lose?
Let me tell you guys about this sleeping giant:
It's gonna release a web app in augustus, mobile app later, that aims to become the paypal of crypto. Ex visa, bitcoin devs etc are involved. The guy who designed the iphone icons and ui is designing the app. It will have 24/7 support. They are low key now intentionally, but will do a media and marketing blitz soon. Behind the scenes wich will not be much advertised. They are goin to take on the cannabis and porn industry as well so clients never have to worry about bank statements obviously. In fact, they allready have 120 cannabis merchant signed with them, wich is a big booming industry in the US. This coin is going to blow up. You may want to reserve your seats early because you will never see these low prices again. Only 70K marketcap at the moment. Can easely 10x that when the rest of the crypto space catches on and starts FOMO buying. It had 25K BTC volume yesterday. Smart money and investors are pouring in. The CEO is having a dinner with his biggest investor right now In Abu Dhabi and show the app later. So another big pump is possible later. Enjoy the ride!
> SCAM
Or do you really think somone is sharing insider news… on /biz/ ????
> HAHAHAHAHAHA
>>2776750
Insider news+/biz/= XDDDDD
>jesus christ please buy my fucking bags I bought at the ATH again like the retard I am
nice try tho OP
Discuss.
That's like saying "being patient is gay."
If you're talking about the deliberate misspelling it's tradition in the crypto community at this point.
>>2776537
held DGB at 50 sats
held ARK at 4k sats
XVG since 11 sats
XRP
XMR
ETC at $2
people hold bags for 6 months or more.
Newfags are gay
Had high hopes for this one and continuing to hold, got a bunch, thoughts?
>>2776536
yup, promising imho.
i only have 20 though. poorfag.
I have high hopes as well, but I think its a very long term hodl
>>2776536
I think there is a lot of room for growth with this one. Gonna take some patience though
You know what normies like?
Sports.
How do I capitalize off of their insatiable taste for watching millionaires run around on a green background?
>>2776514
nigga if we had a good idea do you think we'd tell you
>>2776514
BTC betting website. Just do it, faggot.
>>2778296
>implying someone retarded enough to ask /biz/ how to make money off sports has the business acumen, programming ability, sports knowledge or security experience to run such a thing profitably
'no'
Fuck these losses
I know itll come back but seriously fuck this shit. Im taking out 25% and doing sports betting
Dont let me down GoldenState
>>2776471
you should off yourself you fucking piece of utter garbage. i'm so ashamed to share the same fucking planet as you. you're scum.
>>2776471
>Selling low
/biz/ taught you well.
>tfw made more money catfishing/scamming retarded pedo's online than I have trading crypto
I started with $65,000, and now im all the way down to $54,000. should I just give up and stick to fucking over these pajeet pedos? or will the market somehow miraculously become better in the next couple of moneths
HLOLD
so you are telling me that you have 65 thousand dollars and you haven't come up with a better idea to make money than simply trading memecoins ?
>>2776439
If you have $65,000 in capital there are far better things to do with it lol, don't be a retard.
Also how do I scam pajeets, I want to fuck over scumbags and make money. Would I have to have little girl pictures on my computer?
I've met with a lawyer who knows crypto currency. I mentioned this plan on /biz/ before and one Anon asked me to report back afterwards. This applies to German tax laws, maybe to all of Europe similarly.
What I've taken away.
* Private vs. Commercial
I was told this is the most important aspect. Taxes are very different for private activities (like trading in your spare time) and commercial activities (professional full-time trader). In the latter case you must register a proper business. The line is blurred, especially for mining operations (see below.)
VERY IMPORTANT: Do not invest money for other people. This is a violation of European banking laws and can get you in deep trouble. \
You can borrow money from others, invest, and pay them back. This is legal, but swerves the tax pendulum in the direction of "commercial activity".
* Every single trade must be listed on your tax report, even if it's between altcoins, e.g. DOGE for Bitbeans or whatever, with the respective fiat value of each coin. Basically you need to software that handles it for you.
Fees and losses can be deducted.
* Tax-free after 1 hear of holding a coin
Any gains made after holding a coin for over 1 year are 100% tax free. However this only applies to _private_ trading. If the tax man thinks you're a full-time professional trader, this does not apply.
* """"Lost"""" Bitcoins
If you (((lose))) crypto, for example to hackers or a defective hard drive, private investors can't claim it as a loss. Professional traders can.
(Will have to double-check that but it's what I was told.)
* Mining
Mining seems to be a controversial topic in terms of tax law because some lawyers consider it commercial, no matter how small the operation is, while others consider a small mining operation akin to someone digging for gold nuggets in their spare time. The lines are blurred and you should consult with an accountant.
>>2776339
sounds like you paid 600€ for 2 hours of "professional" advice from google
the important part is where that line between private and professional is drawn.
I know some funky cases of people selling stuff on ebay unintentionally becoming a business.
So. Does, for example, working a full time job by definition exclude you from being a professional trader (obviously you didn't have anywhere near full time to invest)?
>>2776389
I had a special case that I can't disclose here. That one definitely required a lawyer.
>>2776389
>So. Does, for example, working a full time job by definition exclude you from being a professional trader (obviously you didn't have anywhere near full time to invest)?
Yes, the lawyer said a full-time job helps a lot to convince the tax man that it's just a private endeavor.
In my case, we're going to handle it accordingly. I quit my job last year and everything from that point on will be taxed as a business.
I PUSH MY FINGERS INTO MY
Sell now, reinvest once it bottoms out. Or hodl and hope for the best
EEEYYYYYEEEEEEEEEEEEEEEEEEEES
Stop being such a pussy, i'm down over €50k since portfolio ath. I couldn't care less
Yeah yeah, i'm acting all though and what not. Moral of the story is that everyone just should stop whining
I remember that comfy crypto guy did a whole thing about how he was making a huge chaincoin masternode farm.
If he really did bring up 10 masternodes like he said and then put even more up he must be rolling in it. That's at least 10k CHC to open them and based on my calculations he might have made 10k more... 20 Masternodes minting $220 a day right now total not even counting their original value.
I guess one of us really did make it /biz/, maybe it'll be okay after all.
https://comfycrypto.wordpress.com/2017/04/26/the-masternode-experiment/
>>2776233
I'm a friend of Comfy Crypto (great community figure, always around to help newcomers out). I remember his stuff on CHC and he really hit this one out of the park - especially since CHC is now highest VOL on Cryptopia and probably about to be trading on Bittrex for double digits.
>>2776261
too bad i had to sell my wife and kids to pay for the hit i took on posw thanks to him.
if you're still here comfy, plz give me some chc
This is not a PND. Voxelus just selected by Google to be featured on Daydream VR store and headsets. Get in now, its mooning 100%.
>>2776096
PROOF
>this is not a PND
>>2776121
This. There's only the Voxelus tweet, nothing official from google
How would one tumbl BTC from a paper wallet so it's untraceable?
Asking for a friend and only hypothetically obviously
>>2776038
>send btc to dice
>???
>send back to a different paper wallet
Money laundering through a physical business, other than that expect the Jews and uncle same to sniff it out, that's what their noses have evolved for
>>2776038
>tumbl
What?
Just buy Monero with it, send it to a Monero wallet, send from this monero wallet to another monero wallet and then buy BTC again
I'm almost ready to launch a coin
im willing to forfeit 50% ownership for 3BTC (costs for the initial server, I'm a bit under)
if you're serious about investing then i need to see that you actually have the BTC
if you want more information i need proof that you have the capital to invest
otherwise, ICO roughly Aug 1st
>>2776028
if you are serious about investing then you should apply for a loan
>>2776028
[email protected]
I need more info before will bother proving anything though.
And what exactly do you mean by initial server hmm?
Place your prediction when the weekend crash will happen this week
Made comfy 15% gains every weekend selling up and rebuying on the sunday the past 3 weeks, any other smart /biz/ness men do this?
>>2776000
15? :D
you must be doing something wrong....
and it already started btw
>>2776000
yup made 5k out of this so far lol
>>2776005
I guess my timing isn't always the best, but its still profit while hodl morons just sit and lose money