Current Events > Crypto General #7: This is what sodomy smells like

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Classic026
12/29/17 11:23:42 PM
#251:


To whoever said earlier today that Ripple might hit $2.50 in a couple years but not anytime soon, well... lol just goes to show how crazy the crypto market can be.
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Nightmare_Luna
12/29/17 11:29:27 PM
#252:


does TRX have any hope in the next few weeks? 10 cents?
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TwoStrikes94
12/29/17 11:31:48 PM
#253:


im not convinced any of this stuff will be worth anything in a few years

it's total hoobaloo with almost no value

its a currency, we have those and they're far more stable

instant transactions!

neat, i guess, for the 0.1% who actually send money cross the ocean... but wait, it's a volatile currency so no one will want to do that anyways.

there's literally no reason to ever invest in any of these various coins, except if you think the pyramid scheme will continue and that you're not at its peak
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AlternativeFAQS
12/29/17 11:35:09 PM
#254:


1 week later: twostrikes94 has 6 topics about how he made 500 dollars on an altcoin
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wallmasterz
12/29/17 11:38:00 PM
#255:


You sound salty right now.

Ripple for one is at least attempting to solve a problem and partner with existing banks, businesses, etc. I'm not counting on it ever getting to more than like $10 but it offers advantages over fiat that make it relevant.
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clearaflagrantj
12/30/17 12:00:19 AM
#256:


TwoStrikes94 posted...
im not convinced any of this stuff will be worth anything in a few years

it's total hoobaloo with almost no value

its a currency, we have those and they're far more stable

instant transactions!

neat, i guess, for the 0.1% who actually send money cross the ocean... but wait, it's a volatile currency so no one will want to do that anyways.

there's literally no reason to ever invest in any of these various coins, except if you think the pyramid scheme will continue and that you're not at its peak

You realize projects are being built on Ethereum that serve actual purposes right? It has inherent value
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iamintents
12/30/17 12:03:50 AM
#257:


FightingGames posted...
god damn. every thing is getting destroyed because of XRP.

RIPple
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AlternativeFAQS
12/30/17 12:06:18 AM
#258:


tomorrow im putting 1k into POE

i suggest you buy some
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FightingGames
12/30/17 12:16:50 AM
#259:


im glad i got out of DENT when it was still 30 cents. Their app release didn't help one bit
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AlternativeFAQS
12/30/17 12:20:26 AM
#260:


FightingGames posted...
im glad i got out of DENT when it was still 30 cents. Their app release didn't help one bit


yeah it flopped. i lost $300 already. im gonna wait to go back up a bit and then sell it
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Returning_CEmen
12/30/17 12:22:22 AM
#261:


AlternativeFAQS posted...
tomorrow im putting 1k into POE

i suggest you buy some

I told you guys to buy Poe a long ass time ago. No one ever listens to me.
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AlternativeFAQS
12/30/17 12:22:55 AM
#262:


yeah i fucking no

;_;

was that another Donut tip?
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Returning_CEmen
12/30/17 12:27:22 AM
#263:


That was a Returning_CEmen tip.
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#264
Post #264 was unavailable or deleted.
SF_Okami
12/30/17 1:43:49 AM
#265:


So is this a short term thing for ripple? I invested 50 bucks a few weeks ago and I guess I got lucky :P Should I sell now or wait? I need another pair of sneakers lol and that nice 130 bucks would pay about a third.
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ItsYourFault
12/30/17 1:47:01 AM
#266:


27_Sandman_40 posted...
Why is XRP going up so much?

you cant sipple the ripple
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#267
Post #267 was unavailable or deleted.
ArchangelBaruch
12/30/17 4:53:33 AM
#268:


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Returning_CEmen
12/30/17 5:03:12 AM
#269:


27_Sandman_40 posted...
Why is XRP going up so much?

Rumors of partnerships and being added to Coinbase, which probably won't happen.
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DoctorVader
12/30/17 5:14:31 AM
#270:


Returning_CEmen posted...
27_Sandman_40 posted...
Why is XRP going up so much?

Rumors of partnerships and being added to Coinbase, which probably won't happen.

Those are initiators, but the recent pump has been more because of it becoming viral and people thinking it's the next coin to blow up into the hundreds. Lots of newbies with money joining without fully understanding things.

It being cheaper than the other main coins makes it easier to throw money at, especially when the market is in the holiday stagnation phase

Realistically speaking, $5 is the max price I see.
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ArchangelBaruch
12/30/17 6:37:01 AM
#271:


Noob question: I just discovered that Coinbase operates in USD and Bittrex in USDT. I want to pass my ETH from Coinbase to Bittrex. Should I wait until the USDT/USD ratio is under 1? When's the best time to minimize how much I get screwed?

Or it doesn't really matter since I keep the same amount of ETH on both sides?
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beechesfreeman
12/30/17 7:49:17 AM
#272:


POE is at TRIPLE DIGIT growth percent yesterday

!
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AlternativeFAQS
12/30/17 7:52:42 AM
#273:


ArchangelBaruch posted...
Noob question: I just discovered that Coinbase operates in USD and Bittrex in USDT. I want to pass my ETH from Coinbase to Bittrex. Should I wait until the USDT/USD ratio is under 1? When's the best time to minimize how much I get screwed?

Or it doesn't really matter since I keep the same amount of ETH on both sides?

yeah it doesnt matter. use ETH
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#274
Post #274 was unavailable or deleted.
beechesfreeman
12/30/17 8:27:23 AM
#275:


poe is the new king

i'm gonna be a billionaire
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halomonkey1_3_5
12/30/17 8:36:27 AM
#276:


I wanna buy some POE but I want it to dip first becuz im tired of buying into cryptos at an ATH smh
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beechesfreeman
12/30/17 8:38:02 AM
#277:


i just can't believe i resisted my urge to sell
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CommonStar
12/30/17 10:36:36 AM
#278:


Everything's on sale. Good time to buy?
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FightingGames
12/30/17 10:38:11 AM
#279:


CommonStar posted...
Everything's on sale. Good time to buy?

don't see any universal positive slope yet. Wait
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ItsYourFault
12/30/17 10:38:22 AM
#280:


Byam light right now its fucking 219
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KainWind
12/30/17 10:40:44 AM
#281:


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ItsYourFault
12/30/17 10:42:39 AM
#282:


so whos paying their crypto gains taxes?
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NoMeLx22x
12/30/17 11:36:40 AM
#283:


ItsYourFault posted...
so whos paying their crypto gains taxes?


You only have to do that if you cash out of it right? Like I just have a bunch of coins but I haven't cashed any USD yet
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#284
Post #284 was unavailable or deleted.
CapnMuffin
12/30/17 11:44:26 AM
#285:


NoMeLx22x posted...
ItsYourFault posted...
so whos paying their crypto gains taxes?


You only have to do that if you cash out of it right? Like I just have a bunch of coins but I haven't cashed any USD yet

No. Not in the US. The IRS considers digital currency capital gains. So you are subject to taxes on net gain from sale OR exchange. You can also report losses too as deductions.
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Turtlebread
12/30/17 11:56:04 AM
#286:


15 hours and my ripple deposit hasn't gone through
this is excellent
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Returning_CEmen
12/30/17 12:08:59 PM
#287:


ItsYourFault posted...
so whos paying their crypto gains taxes?

Only cryptos I have sold was for Bitcoin at a slight loss (like $10) and exchanged that for more TRX and XVG before those took off. I still haven't cashed out.
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iamintents
12/30/17 12:10:04 PM
#288:


AlternativeFAQS posted...
FightingGames posted...
im glad i got out of DENT when it was still 30 cents. Their app release didn't help one bit


yeah it flopped. i lost $300 already. im gonna wait to go back up a bit and then sell it

yeah just hold it. i bought a bunch at .02 and im sure they will make moves in the future.
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iamintents
12/30/17 12:10:50 PM
#289:


Returning_CEmen posted...
ItsYourFault posted...
so whos paying their crypto gains taxes?

Only cryptos I have sold was for Bitcoin at a slight loss (like $10) and exchanged that for more TRX and XVG before those took off. I still haven't cashed out.

from what I'm reading it doesnt matter if you cash out, but apparently the IRS only cares about people depositing/withdrawing $20k or more.
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gamepimp12
12/30/17 12:23:43 PM
#290:


So what other cryptos should i be investing in

Ive just been doing lite coin, but im assuming ripple and a few other are good ones ?

And how exactly do I buy the ones not on Coinbase
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iamintents
12/30/17 12:51:30 PM
#291:


gamepimp12 posted...
So what other cryptos should i be investing in

Ive just been doing lite coin, but im assuming ripple and a few other are good ones ?

And how exactly do I buy the ones not on Coinbase

https://coinmarketcap.com/

click the coin you want to buy then go to the market tab to see which exchanges you can buy at.

easiest is to buy ETH on coinbase and xfer to these exchanges to buy alts.

OR you can use your credit card on bitstamp to buy ripple direclty.
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Nostradumbass
12/30/17 12:54:39 PM
#292:


@clearaflagrantj

thoughts on NEM.

been sitting in the .90 range for a while, looking for opinions/info.
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clearaflagrantj
12/30/17 1:04:22 PM
#293:


Nostradumbass posted...
@clearaflagrantj

thoughts on NEM.

been sitting in the .90 range for a while, looking for opinions/info.

No idea to be honest

NEM along with bcash are the only top 10 cryptos I don't own
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Nostradumbass
12/30/17 1:05:58 PM
#294:


clearaflagrantj posted...
Nostradumbass posted...
@clearaflagrantj

thoughts on NEM.

been sitting in the .90 range for a while, looking for opinions/info.

No idea to be honest

NEM along with bcash are the only top 10 cryptos I don't own

ill have to check em out. thanks.
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AllStar_09
12/30/17 1:40:07 PM
#295:


POE is killing it.
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ChainedRedone
12/30/17 2:39:48 PM
#296:


Um wtf is going on. Litecoin and Ethereum have been tanking lately and it's still dropping!
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FightingGames
12/30/17 2:49:10 PM
#297:


BTC is past the neckline in the 2 shoulder and head model. It's all orge, shrek
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prettyprincess
12/30/17 3:02:46 PM
#298:


eth has been the most comparatively stable
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#299
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The_Juice_
12/30/17 3:16:03 PM
#300:


CapnMuffin posted...
NoMeLx22x posted...
ItsYourFault posted...
so whos paying their crypto gains taxes?


You only have to do that if you cash out of it right? Like I just have a bunch of coins but I haven't cashed any USD yet

No. Not in the US. The IRS considers digital currency capital gains. So you are subject to taxes on net gain from sale OR exchange. You can also report losses too as deductions.


How does that work when the value is changing daily?

Also traded half my ripple for etherium. I just can't shake the feeling that it's going to very massively correct in the very near future.

I still believe in it, hence keeping half, but I think a nice solid correction is coming.
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