>finally made solid profits on crypto >decide to cash out

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Anonymous
2017-08-17 11:15:19 Post No. 3098240
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Anonymous 2017-08-17 11:15:19 Post No. 3098240 [Report]

>finally made solid profits on crypto
>decide to cash out my initial investments so i can make riskier trades using the profit
>have to convert everything to BTC
>lose money on the conversions from exchange fees
>have to send the BTC to coinbase
>lose money from the exchange withdrawal fees and BTC transfer fees
>Have to convert BTC back to fiat
>Lose LOTS of money from coinbase conversion fees
>Have to transfer fiat back to my bank account
>Lose money on the transfer fees
>Literally 40% of my profit margin gone to fees while cashing out

I understand why people HODL now, it's not because you actually care about long term gains, it's that if you try to cash out now you get absolutely dicked by fees.

Anonymous 2017-08-17 11:34:20 Post No.3098391
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Anonymous 2017-08-17 11:34:20 Post No.3098391 [Report]

>>3098240
you are actually a retard

Anonymous 2017-08-17 11:35:20 Post No.3098399
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Anonymous 2017-08-17 11:35:20 Post No.3098399 [Report]

>>3098391
this

Anonymous 2017-08-17 11:35:38 Post No.3098402
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Anonymous 2017-08-17 11:35:38 Post No.3098402 [Report]

Sold profits = $50?

Anonymous 2017-08-17 11:37:00 Post No.3098416
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Anonymous 2017-08-17 11:37:00 Post No.3098416 [Report]

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>>3098240
Don't forget your 30% taxes goiym, sharqueesha and jermarcus need a new 70 inch TV.

Anonymous 2017-08-17 11:37:14 Post No.3098420
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Anonymous 2017-08-17 11:37:14 Post No.3098420 [Report]

>>3098240
Stop using CoinBase lmao

Anonymous 2017-08-17 11:38:34 Post No.3098433
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Anonymous 2017-08-17 11:38:34 Post No.3098433 [Report]

>>3098240
>Convert from alt coin to bitcoin
0.25%
>Send BTC to coinbase/gemini
0.25%
>transfer to bank account
free

Are you retarded?

Anonymous 2017-08-17 11:38:48 Post No.3098434
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Anonymous 2017-08-17 11:38:48 Post No.3098434 [Report]

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>>3098420
Is there a convenient alternative?

Anonymous 2017-08-17 11:40:13 Post No.3098448
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Anonymous 2017-08-17 11:40:13 Post No.3098448 [Report]

>>3098434
local bitcoin

Anonymous 2017-08-17 11:42:54 Post No.3098472
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Anonymous 2017-08-17 11:42:54 Post No.3098472 [Report]

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>why didn't he spend his Bitcoin as Bitcoin?
Because he's a faggot that's why

Anonymous 2017-08-17 11:44:02 Post No.3098484
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Anonymous 2017-08-17 11:44:02 Post No.3098484 [Report]

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>>3098240

Anonymous 2017-08-17 11:44:04 Post No.3098486
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Anonymous 2017-08-17 11:44:04 Post No.3098486 [Report]

>>3098402

This.

Also, you have to pay taxes, or the taxman is going to come over to your house then shoot your dog and fuck your wife, while he sends you to federal "jamal on dat booty" prison.

Anonymous 2017-08-17 11:45:28 Post No.3098504
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Anonymous 2017-08-17 11:45:28 Post No.3098504 [Report]

>>3098434
Coinfloor or get on a proper exchange

Anonymous 2017-08-17 11:55:19 Post No.3098589
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Anonymous 2017-08-17 11:55:19 Post No.3098589 [Report]

>>3098240
Lol, those are literally only a few percent and some fixed rated. How much was your initial investment? $5?

Anonymous 2017-08-17 11:57:19 Post No.3098604
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Anonymous 2017-08-17 11:57:19 Post No.3098604 [Report]

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>>3098240
>mfw i just slam my BTC card into a random atm and only pay 5 euro in fees

Fucking nomrie

I'm aware that Imgur.com will stop allowing adult images since 15th of May. I'm taking actions to backup as much data as possible. Read more on this topic here - https://archived.moe/talk/thread/1694/

I'm aware that Imgur.com will stop allowing adult images since 15th of May. I'm taking actions to backup as much data as possible.
Read more on this topic here - https://archived.moe/talk/thread/1694/