Official Cryptocurrency Thread: Skepticism to Speculation to FIGHT! FIGHT! FIGHT!

Discussion in 'The Mainboard' started by Nantucket, Jan 29, 2017.

  1. southside

    southside Well-Known Member
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    Daily chart looks so good on eth. Lots of room to run, fomo just starting
     
  2. Penguin The Duck

    Penguin The Duck Well-Known Member
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    Gary V has been shilling ETH and his NFT drop for weeks. Suggesting all his followers have at least .5 to 1 ETH for his 5/5 NFT drop

    For reference, BAO started in late December and has around 1,100 discord members to date

    Gary’s NFT hasn’t launched and has 80k members. Lots of new wallets being created by an influencer hyping up some NFT, with no real info behind what can be bought on 5/5. I believe there’s about 10,500 NFT tokens being sold on Wednesday.
     
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  3. seanofthedead86

    seanofthedead86 Well-Known Member
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    Gary V being Gary V.
     
  4. HuskerInMiami

    HuskerInMiami Well-Known Member
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    ...and I am now holding. Keep us updated.

    What on the daily chart made you change your mind from selling if it hit 3k?
     
    houtex716 likes this.
  5. houtex716

    houtex716 let's have a beach party
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    Damnit I’m torn too
     
  6. HuskerInMiami

    HuskerInMiami Well-Known Member
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    My MOM just bought $250 worth of Ethereum around noon. wtf. Boomers are joining in on the fun.
     
    dblplay1212, letan, PaulKemp and 4 others like this.
  7. HuskerInMiami

    HuskerInMiami Well-Known Member
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    My mom this morning vs a couple hours later.

    18086F2A-E260-4A5A-A9BF-C4557366B05B.jpeg

    50376621-8D57-402B-B6EA-14AF8C6A5104.jpeg
     
    dblplay1212, Arrec Bardwin and jorge like this.
  8. kennypowers

    kennypowers Big shit like a dinosaur did it
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    Ok when are we selling ETH?
     
    PaulKemp likes this.
  9. southside

    southside Well-Known Member
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    D
    Dude don’t follow my calls tbh. I change targets frequently
     
  10. Room 15

    Room 15 Mi equipo esta Los Tigres
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    Was running through Coinbase’s tutorials where they give out free crypto. The use cases for Graph (indexed blockchain search) and Stellar (cheap global remittance, among other things) are things I want to be involved in. Anybody have any thoughts about leaders in those spaces, either Graph/Stellar or competitors?
     
  11. Whammy

    Whammy Look kids, Parliament!
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    GRT is probably the leader in blockchain search....global remittances you might say XRP is the leader if you're going by market cap. But it's really kind of irrelevant as all crypto can be sent across borders for low transaction fees and instantly.
     
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  12. Room 15

    Room 15 Mi equipo esta Los Tigres
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    Good point
     
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  13. Arrec Bardwin

    Arrec Bardwin He ain’t me, he can’t be me
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    Agree that Graph is relatively unique, don’t think they have major competition. Stellar is one of many, who knows if one wins or they all win or all lose.
     
    , Whammy, Room 15 and 1 other person like this.
  14. Harrison Beck

    Harrison Beck Rut Roh maximalist
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    Y’all are looking at the wrong chart on eth if you’re getting bearish here. Check the eth/btc pair not eth/usd
     
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  15. Arrec Bardwin

    Arrec Bardwin He ain’t me, he can’t be me
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    I don’t think people are bearish, just looking to take profit and renter on a dip.
     
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  16. Pharoh

    Pharoh king tuttchdown
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    Are you still buying?
     
  17. Harrison Beck

    Harrison Beck Rut Roh maximalist
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    I moved the last of my btc trading funds and most of my longterm stuff to eth about a week ago but I've been slowly building an eth postion for a while so hard for me to tell you to add here. If you're looking at it from a btc perspective (which is pretty much how I'm always thinking) I think we've still got some room to run. Eth was around 0.044/btc when I moved stuff last week and my plan is to start scaling back into btc ideally around 0.085 but I have a hard time not seeing it go to 0.1
     
  18. letan

    letan Just looking for the gator board
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    whips
     
  19. HuskerInMiami

    HuskerInMiami Well-Known Member
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    It topped aT 3450. Hadn’t been watching it since I got home. This is the most profitable day I’ve had in crypto.

    I’m tempted to go to all cash. I don’t need to be greedy.
     
  20. HuskerInMiami

    HuskerInMiami Well-Known Member
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    If I sell a few ETH and buy back at a later time, will I have to pay taxes? I’d leave it all on the account.
     
  21. houtex716

    houtex716 let's have a beach party
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    Sold at 3330 or so, can’t wait for it to be 4000 tomorrow
     
  22. jorge

    jorge Founder of Post ITT if your team sucks
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    thank you for your service
     
    houtex716 likes this.
  23. HuskerInMiami

    HuskerInMiami Well-Known Member
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    Just sold 3 ETH at 3200
    If it goes to 3100 I’m selling off a lot more.
     
    letan likes this.
  24. bertwing

    bertwing check out the nametag grandma
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    I’m hodling cause it’s gonna hit 5k
     
  25. HuskerInMiami

    HuskerInMiami Well-Known Member
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    I hope it does. For me to break even on the 3 I just sold, I need it to drop and buyin again at ~3100.
     
    bertwing likes this.
  26. PaulKemp

    PaulKemp Well-Known Member
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    CZ is live right now. Never listened to him before. Kinda like the cut of his jib tbh

     
  27. user15000

    user15000 Well-Known Member

    Yes you have to pay taxes even if you buy back in eth later.
     
  28. HuskerInMiami

    HuskerInMiami Well-Known Member
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    Well double fuck me then. ETH is up almost 300 since I sold and I have to pay taxes.

    What if you trade it to USDT? Does that count?
     
  29. Tug

    Tug Well-Known Member
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    You’ve already completed your taxable event when you sold ETH. What you do now does not matter
     
  30. HuskerInMiami

    HuskerInMiami Well-Known Member
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    I know that. I'm talking about in the future. If I trade to USDT would it impact me the same?
     
  31. HuskerInMiami

    HuskerInMiami Well-Known Member
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    Does ETH break the $3,500 barrier today? I wish I didn't sell. Mostly because I still have 60% ETH and I'm not enjoying the run up as much now because I'm thinking about the 3 ETH I sold.
     
  32. Tug

    Tug Well-Known Member
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    Yes
     
  33. HuskerInMiami

    HuskerInMiami Well-Known Member
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    So just to get this straight. Say I have 1 ETH

    Option 1 -
    Sell 1 ETH -->Pay taxes

    Option 2 -
    Trade 1 ETH to USDT --> Pay taxes?
     
  34. Arrec Bardwin

    Arrec Bardwin He ain’t me, he can’t be me
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    If you change it to anything other than ETH, it’s a taxable event.
     
  35. Tug

    Tug Well-Known Member
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    Every crypto trade is a taxable event
     
  36. HuskerInMiami

    HuskerInMiami Well-Known Member
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    It's starting to chew through the $3,500 wall on Binance. There was 7 million in ETH to go through.

    ...and it's through .
     
  37. beerme

    beerme Well-Known Member
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    Really regret selling all my eth yesterday at 3290. I guess I can’t complain after buying at 2259 a week ago
     
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  38. HuskerInMiami

    HuskerInMiami Well-Known Member
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    I'm so tempted to buy back in. Fighting the urge.
     
  39. houtex716

    houtex716 let's have a beach party
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  40. HuskerInMiami

    HuskerInMiami Well-Known Member
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    RSI:

    1 Week: 85
    1 Day: 84
    4 Hour: 76
    1 Hour: 69
    15 Min: 63

    The big (2000-->1300) selloff in February came when it hit 90 1 week and 72 for 1 day.
     
    #14441 HuskerInMiami, May 4, 2021 at 9:32 AM
    Last edited: May 4, 2021 at 11:07 AM
  41. jorge

    jorge Founder of Post ITT if your team sucks
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  42. letan

    letan Just looking for the gator board
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    I really regret not loading up when it dipped to $1300 then
     
  43. HuskerInMiami

    HuskerInMiami Well-Known Member
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    It's already fallen from 3500 -->3350 since this post at 9:30am. If it does what it did in the past, it's going to drop a lot more.

    I'm not sure what I'm doing, but if it continues the pattern, it would drop as far down as 2800-2850.
     
    FourClover01 likes this.
  44. bertwing

    bertwing check out the nametag grandma
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    Crypto trading issues again on RH probably contributed to that dip.
     
  45. HuskerInMiami

    HuskerInMiami Well-Known Member
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    It's down another 100 to 3250 at noon.

    There's about a 16mm wall at 3150-3160.
     
  46. beerme

    beerme Well-Known Member
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    If you’ve been holding less than a year (so full income tax) does it make mathematical sense to sell at 3300 and buy at let’s say 3000 given the extra 19ish% tax of full income over cap gains? I feel like I’ll be able to get back in lower than where I sold but not 20% lower
     
  47. HuskerInMiami

    HuskerInMiami Well-Known Member
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    Just hold. I regret selling at 3200 last night. I have to pay taxes and have to cheer against something just so I can get money back in. It sucks to be cheering against anything crypto.
     
    FourClover01 likes this.
  48. kennypowers

    kennypowers Big shit like a dinosaur did it
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    Hodl
     
  49. jorge

    jorge Founder of Post ITT if your team sucks
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    Might need to reconsider my 450 trades this week.