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

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

  1. beerme

    beerme Well-Known Member
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    You may want to wait a year to sell if you don’t have a major preference- you’ll incur capital gains if you hold MORE than a year, less than a year you’ll pay your income tax rate on any gains instead, which is often higher than cap gains but it depends on your tax rate.
     
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  2. Penguin The Duck

    Penguin The Duck Well-Known Member / #NFT Influencer
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    This.

    Get an accountant. I've been told so much conflicting and contradicting information about which events are taxable, if at all. The safest thing to do is put 30% of your earnings in a stable coin after you sell until it's time to pay taxes.
     
  3. Aurelius

    Aurelius This man, Lenny Pepperidge, AKA Lenny the Pep...
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    Unless you make over $440k / year your long term capital gains rate is 15%

    So if you hold eth shares for over 1 year before selling you'll pay 15% vs 30%-ish (guessing) - as the previous poster(s) have pointed out anything held under 1 year is taxed the same as your income tax rate.
     
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  4. beerme

    beerme Well-Known Member
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    If you get a really good accountant you might want to sell
    losses off before end of year and rebuy, number of different factors
     
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  5. —

    Well-Known Member
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  6. HuskerInMiami

    HuskerInMiami Well-Known Member
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    I should probably diversify. I have Chainlink on Coinbase, but not much (~$300), so it wouldn't even show up on this. Curious what everyone else is at. This screenshot is from Celsius. I wish I had Solana or Cardano, but didn't buy into the hype. Was scared of another FCT.
    upload_2021-9-3_13-12-17.png
     
  7. danny2430

    danny2430 Well-Known Member
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    It’s not like ETH is a bad investment, but diversifying a bit probably wouldn’t be too terrible

    Tough to beat the feeling of grabbing an Altcoin before a big run
     
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  8. HuskerInMiami

    HuskerInMiami Well-Known Member
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    I'm hoping Polygon(Matic) makes a run. In the past, it ran a week or two after ETH made a big run.
     
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  9. danny2430

    danny2430 Well-Known Member
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    Funny how the conversation has gone from what will be the next BTC to what will become the next ADA or ETH. While ETH obviously has a ton of usage, it’s obviously a waiting game to 2.0, and ADA hasn’t even released smart contracts
     
  10. user15000

    user15000 Well-Known Member

  11. danny2430

    danny2430 Well-Known Member
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    Looks like that run might be happening
     
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  12. FourClover01

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    September 12th is just around the corner.
     
  13. kennypowers

    kennypowers Big shit like a dinosaur did it
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    I sold cardano at $3 and shoved it all in matic so yeah I hope it explodes.
     
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  14. Harrison Beck

    Harrison Beck Rut Roh maximalist
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    Quite a thread
     
    #17864 Harrison Beck, Sep 4, 2021
    Last edited: Sep 4, 2021
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  15. user15000

    user15000 Well-Known Member

  16. kennypowers

    kennypowers Big shit like a dinosaur did it
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    LINK with a casual +40% this week
     
  17. danny2430

    danny2430 Well-Known Member
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    Was a matter of time after the ETH pump

    Expect it to continue as we get closer to 2.0 and eventually have it’s release
     
  18. Lyrtch

    Lyrtch My second favorite meat is hamburger
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  19. Harrison Beck

    Harrison Beck Rut Roh maximalist
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    lol
     
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  20. user15000

    user15000 Well-Known Member

    I sold all my btc after reading that article.

    Lyrtch take it to the El Salvador politics thread
     
  21. Lyrtch

    Lyrtch My second favorite meat is hamburger
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    The defensiveness is always my favorite
     
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  22. user15000

    user15000 Well-Known Member

    The random hit pieces are mine. Coincidental timing I’m sure.
     
  23. Harrison Beck

    Harrison Beck Rut Roh maximalist
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    Nm I just remembered why I don’t read this thread
     
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  24. Lyrtch

    Lyrtch My second favorite meat is hamburger
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    Are you saying the timing of my post or the timing of the news
     
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  25. Lyrtch

    Lyrtch My second favorite meat is hamburger
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    Framing that as a hit piece is pretty telling though
     
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  26. user15000

    user15000 Well-Known Member

    The news. There have been random negative articles out on him the last ~10 days; primarily spreading BS about the btc adoption.

    Dictators don’t typically adopt monetary standards that they can’t control, but what do I know.

    He and his party have a supermajority. Consider me not surprised that he’s pushing through whatever he wants. More importantly, I don’t give a shit about what he does. His btc position/experiment is relevant to this. Not sure why you think we’d care about his position on judges.

    For something actually relevant I’ll help you out :
     
  27. Lyrtch

    Lyrtch My second favorite meat is hamburger
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    so yes you're just adopting his framing as defense and why it was very smart of him to become the cool young dictator for PR purposes
     
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  28. —

    Well-Known Member
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    Cool and young is about as good as it gets when it come to dictators :idk:
     
  29. user15000

    user15000 Well-Known Member

    What Bukkele framing did I adopt in that post?

    Call him a dictator all you want; doesn’t change the fact that he’s adopting a monetary standard he can’t control.
     
  30. Lyrtch

    Lyrtch My second favorite meat is hamburger
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    i prefer old ones so they die sooner

    but they mostly all adopt pretty aggressive PR campaigns, you see it with Putin and his shirtless horse back riding adventures while he murders dissidents and media, etc. turning your hat backwards and TO THE MOON crypto branding is just the millenial version.
     
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  31. user15000

    user15000 Well-Known Member

    Lol. This will be so wrong in a few years based purely on their gdp and remittance numbers.

    Wait til you find out about all the bad guys using dollars!!
     
  32. Truman

    Truman Well-Known Member
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    This is such a bad idea for nations to do this
     
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  33. Lyrtch

    Lyrtch My second favorite meat is hamburger
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    "random" "negative" "hit pieces"

    not to mention the dismantling of democracy framed as "doing whatever he wants due to his supermajority" as if it's at worst a neutral scenario

    it's very much his framing of the situation
     
  34. user15000

    user15000 Well-Known Member

    Do tell

    Like I said. Take it to the El Salvador politics thread that not a single person on this board cares about.
     
  35. Lyrtch

    Lyrtch My second favorite meat is hamburger
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    you asked the question
     
  36. Truman

    Truman Well-Known Member
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    It's awful economics to build your nations currency around a fluctuating commodity you dont control.

    The same reason countries got off the gold standand
     
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  37. soulfly

    soulfly Well-Known Member
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    What? You brought it up and Lyrtch rebutted. It’s okay to admit that you have no qualms with the nefarious components so long as you’re making money. Just state that and move along.
     
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  38. user15000

    user15000 Well-Known Member

  39. user15000

    user15000 Well-Known Member

    Nah. This is wrong.
     
  40. Lyrtch

    Lyrtch My second favorite meat is hamburger
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    spoiler alert, the btc community thinks this was a giant mistake and the meme regarding it has been shared in this thread
     
  41. user15000

    user15000 Well-Known Member

    I’m interested in what they’re doing as a country related to btc. I don’t give a shit about how he runs the country. I said that above and am not sure I could be more clear about it.

    They won’t be the last country to do this. Open monetary systems don’t care who he is. That’s kind of the point.
     
  42. user15000

    user15000 Well-Known Member

  43. soulfly

    soulfly Well-Known Member
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    Thank you. That wasn’t so hard.
     
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  44. Truman

    Truman Well-Known Member
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    okie dokey
     
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  45. Whammy

    Whammy Look kids, Parliament!
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  46. Andy Reocho

    Andy Reocho Please don't get lost in the sauce
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    Why? I’d love to know. And not your opinion on why you disagree, but fundamentally what was incorrect in Trumans post
     
  47. Arrec Bardwin

    Arrec Bardwin He ain’t me, he can’t be me
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    Maybe we are a little busy being self-righteous as fuck. :leo:
     
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  48. HuskerInMiami

    HuskerInMiami Well-Known Member
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    They own $20 million worth of BTC and people are excited/upset? That's nothing.
     
    #17899 HuskerInMiami, Sep 7, 2021
    Last edited: Sep 7, 2021
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  49. HuskerInMiami

    HuskerInMiami Well-Known Member
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    So Solana is at $180 now. I should have bought when it went up to $80 and was complaining about missing the boat.
     
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