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Archived threads in /biz/ - Business & Finance - 578. page

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What TA do you use and why? I'm trying to run my bot simply trading on RSI w/ 30 Low and 90 High interval of 14 days persistance of 2...
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>>3374261
elliot waves bby
>>
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>>3374261
Aroon
RSI
MACD
Volume
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>>3374261
Bollinger bands
RSI
Macd
Fib retracement

But mostly just look at structure for entry/exit and invest medium to long term based on fundamentals. Maybe I'll day trade after another year of watching charts

Getting worried, I've been doing a lot of tax research on bitcoin/altcoin. Here's what's defined clearly by IRS:

>Bitcoin/Altcoins are property. Capital gains on these are assessed as first-in-first out.

WHAT ISN'T DEFINED-- A BIG TIME GRAY AREA:
>The IRS has NOT defined Bitcoin/Altcoin

>As property, bitcoin might be eligible for tax deferment under Section 1031 of the tax code. This code section provides that gain or loss is not recognized on exchanges of “like-kind property,” and therefore such exchanges are tax-free.

>The question, therefore, is whether different cryptocurrencies qualify as “like-kind property.” Presently, there is nothing in the tax code or regulations that specifically answers this question, either in the affirmative or the negative.

>As a result, “like-kind” status for cryptocurrency is highly uncertain. Although there is nothing directly opposing it, there is also nothing directly supporting it. This means that a taxpayer who elects to adopt like-kind treatment is at risk of having the IRS deny such adoption, which would result in the taxpayer having to pay back taxes, plus interest and penalties.

The bookeeping service I now use is cointracking.info its ~320 for unlimited usage with 3500+ trades. Bitcoin.tax didn't work for me becuase it doesn't know how to determine a withdrawals from exchanges to personal wallets. and their fees.

Is there anyone here that used 1031 and it was approved by the IRS? Lets help each out with any info you got!

I have big plans for my investments, so simply not paying taxes is not an option. I don't want to be "mexican" rich or "nigger" rich. I plan on buying property.
68 posts and 4 images submitted.
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I couldn't fit this into my original post, but the main purpose of the post!!!

EVERY-SINGLE-TRADE you do with BTC or any ALTCOIN is A TAXABLE EVENT!!! YES! THIS IS TRUE!!!

According to a lot of tax attorney websites, every trade is a taxable event, UNLESS you do a 1031 like-kind exchange. But run the serious risk of the IRS saying "no", and forcing you to get an attorney, and then paying the tax with penalty.
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>>3374544
Honestly from what I've read the 1031 thing is likely not going to happen. You will most likely have to pay on every single transaction. I'm considering renouncing my citizenship if I make it big.
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>>3374544
stfu this is old news

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Hey guys what's happening here I've been off the grid for the past couple of months. I don't want to check my wallet because I put like 5btc in NEO and I really don't want to check what's happened since it sounds like some bad news.
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>>3374259
months? if months you are rich still, as months ago neo was less than a dollar
however you are a larping fucking faggot
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>>3374259
also neo only rebranded last month you faggot
try again
>>
>>3374259
hung dofei chink outed himself to be a faggot
>price dropped
everybody hates fags..

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AAAAAAAAAAAAAAAAAAAA
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WHY ISN'T THE DIP STOPPING

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HEY GUYS
IAN "GON SHILLONYA" BALINA HERE
Can't wait to tell u freaks about a new ICO guaranteed to make you 30000x gains so you can buy that lambo and a mansion for your great grand children.

Forget that, we buying lambos for every refugee in Syria. That's how hot my ICO pick is

With a perfect score of 100% on my flawless rating system

It's called digibyte
And it's 40x faster than bitcoin

BUY BUY BUY and use my referral code for 10% off
Bittrex.com/youhavebeenvisitedbythecryptonegro
1 posts and 1 images submitted.
No replies in the DB for this post!

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BUY ANT IF YOU WANT TO BE RICH
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No volume.
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>>3374571
It will go back up again soon. It fluctuates easily. Right now is the time to accumulate and then resell when we break 72k sats again (or hold on if it breaks through this time but sell a little then to be safe).
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Did you buy at > 0.01 anon

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https://www.youtube.com/watch?v=9pX7IQ6UOVM

إعلان الجهاد الانترنت ضد الحكومة الاتحادية، طغيانه ينتهي اليوم.
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https://www.youtube.com/watch?v=5-2nByd2cr4
>>
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>>3374524
حسنا، سوف نستخدم هذه الموسيقى في معركتنا ضد الحكومة الاتحادية
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>>3374239

What did he mean by this?

>want to shift my BTC into other coins until the dip is over
>all the non-shit coins are dipping, too
7 posts and 2 images submitted.
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nah not neo
>>
idiot, hold btc during dips, and buy more

get out of all shitcoins right now
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>>3374245
>all the NON-shit coins are dipping, too

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LRC IS PUMPING
LRC IS PUMPING
1 posts and 1 images submitted.
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hold strong, first they ignore you then laugh at you then they fight you then you buy their children for 1000 satoshi
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>>3374493
Is that an actual Bloomberg article? Jesus Christ send link
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>>3374516
boomer greentextttt cringe
>>
lol that is one salty paragraph

I've made like 130 trades on 8 different exchanges getting initial Bitcoin from coinbase, atms, and local btc. How the fuck am i supposed to calculate how much I owe in taxes?
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you can't. and you don't have to. it's all bullshit. just record how much fiat you spent and how much fiat you get when you cash out. subtract and get your gains / loss.
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>>3374200
This

Anyone who thinks the IRS has the resources to accurately track tax owed on everyone's individual inter-coin trades is a paranoid schizophrenic.
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>>3374188
Just don't cash out

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is this good or bad
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>>3374430
gad
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Bad, very bad. You need to sell.
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please no tomfoolery

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WHAT THE FUCK, WE ALREADY HAD THE WEEKEND DIP, WHY THE FUCK IS IT GOING DOWN? AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHH IT'S CRASHING I'M LOSING THOUSANDS WITH EVERY PASSING HOUR WHEN DO I FUCKING SELL?

WHERE'S THE FLOOR? AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAHHHHHHHHHHHHHHHHHHH
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>>3374171
-5000
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Its the weekend again you dip
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>>3374171
It's not going down. Just bouncing off the bottom trend line. See you Monday when it breaks 5k

How long do we have until the normie invasion arrives?

I'm starting to see people liking crypto memes on facebook and posting on uni pages
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>>3374414
Think about how long it took for pepe to become a normie meme.
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>>3374440
pepe first appeared in 2005 and became a normie meme around 2014-2015

we have about a year
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>>3374479
this sounds about right.

normies will pump the price as they always fall for pyramid schemes. but it will fall

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WHY THE FUCK DID YOU CONVINCE ME TO PUT ALL MY MONEY INTO BITBEANS AND SELL MY OMG AND ZRX /BIZ/ FUCK YOU AHHHHHHHHHHGGGGGHHH
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>investing in a fucking anime coin.
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>>3374164

OP just got beaned
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>>3374164

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