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Official BGOL Crypto Currency Thread ★★★★★

It is time for this to be said..

This thread needs to be moved to the business & networking forum and sticky at the top.. I think we also need a coin thread breaking down the different coins for investments or Daytrading the coins in that forum
 
Confucius said:
I get tired of having to search for this thread
Click to expand...

I click 'watch thread' which subscribes the thread for me...if you even wanna be extra...I think you can customize it to get email alerts and shit when a new post is made w/in a watched thread
 
left my house with $483 and money in DCR and XRP, came home to $547, sold both, now just to wait for the drop to buy back in lol.
 
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This is crazy. On a whim I got Monero and got pissed as it kept dropping. Now out of nowhere it is surging and i'm up.

Does it lock in the price when you sell?
 
So I have a Ripple Wallet
Bought 25$ worth of XRP
Transaction went thru. Its verified in my ripple wallet
What now??
 
An RnB Thug said:
My greedy ass jumped all over PINK yesterday and the shit nose dived. I will just hold this shit till it goes back up....fuck it
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Lol that shit was retarded. I bought at two different prices so I had to fukrin wait for it to go back up to even profit... first week of trading was cake. Now skill and knowledge about this is more than important.

Got .7 on LBC and need it to hit a little higher to really profit. If I can get a full coin I'll be blizesseteded
 
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BGOL...brethren, I need a opinion on this. Could it be that iran is investing the block chain technology to do oil exchange/trade in with china and Saudi Arabia? I am trying to find the previous article that stated they were looking for an alternate way to exchange funds. if they are going to use a crypto-currency, if they choose ripple....im going all in. need some assistance in the research. I remember a while back reading about middle eastern countries experimenting with block chain technology as a way to break free of the dollar. they may be even looking to bitcoin. im trying to find the article.


http://countercurrentnews.com/2017/...cebook&utm_campaign=FB_Biz_Part&utm_medium=FB
 
Mixd said:
Have you or anyone else been learning the stuff I posted, like the last free course that was on Udemy? It's best to use another tracking site like TradingView.com and set up the correct indicators to make the best decisions on when to pull the trigger.

I use Moving Averages, Stochastic and Relative Strength Indicators. Apply it to every coin I open and look at. If it don't meet certain criteria, I ain't budging on a coin.
Click to expand...

That site is amazing.
 
Moving Target said:
BGOL...brethren, I need a opinion on this. Could it be that iran is investing the block chain technology to do oil exchange/trade in with china and Saudi Arabia? I am trying to find the previous article that stated they were looking for an alternate way to exchange funds. if they are going to use a crypto-currency, if they choose ripple....im going all in. need some assistance in the research. I remember a while back reading about middle eastern countries experimenting with block chain technology as a way to break free of the dollar. they may be even looking to bitcoin. im trying to find the article.


http://countercurrentnews.com/2017/...cebook&utm_campaign=FB_Biz_Part&utm_medium=FB
Click to expand...

Don't really follow this but I would assume Ripple would only benefit if previous transactions involved swift. If not I'd guess they'd use bitcoin
 
Moving Target said:
BGOL...brethren, I need a opinion on this. Could it be that iran is investing the block chain technology to do oil exchange/trade in with china and Saudi Arabia? I am trying to find the previous article that stated they were looking for an alternate way to exchange funds. if they are going to use a crypto-currency, if they choose ripple....im going all in. need some assistance in the research. I remember a while back reading about middle eastern countries experimenting with block chain technology as a way to break free of the dollar. they may be even looking to bitcoin. im trying to find the article.


http://countercurrentnews.com/2017/...cebook&utm_campaign=FB_Biz_Part&utm_medium=FB
Click to expand...
Doesn't mean they will use XRP. There's another coin for the longer term to look at buying is Vericoin. They are in being used as a payment system in another country and about to have some major announcements. They are doing a mobile app also. It will be like a PayPal used among people and businesses in the country and expanding. On my cell, but check the announcement thread on CoinMarketCap.

Point is am seeing these countries have many coins they can use internally. Ripple could be used as well if they adopt the system. But Bitcoin I doubt, only cause of the volatility of it in my opinion. Plus their code has been frowned upon cause the code tells alot about the transaction that other newer coins have locked down along with many features that BTC doesn't have. Many altcoins are way better, they just need to be adopted.

http://www.vericoin.info/
https://bitcointalk.org/index.php?topic=602041.0
 
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LegalMoney said:
Regarding taxes, the IRS considers digital coins as an asset class, meaning they are subject to the capital gains rules.

So if you hold the coin for longer than a year it will be subject to the long term capital gains rate.

However if you buy, sell and cash out within a year they will be subject to short term capital gains rate which essentially is the ordinary income rate.

The IRS does not have the means to determine how much you are subject to since Polo and the exchanges don't provide that information,so most of this is self reporting.

HOWEVER....Coinbase and Kraken have your bank and your personal information. That's why they made you "verify" for higher limits, because the IRS can link you to your trading profits through those services.

So here's the deal: if after all your hard work you hit 1,000 BTCs, if you withdraw that cash to Coinbase the IRS may find out. Also your banks report any deposits over $15k...

If you truly want to remain off the radar you have to spend that BTC online or find a way to sell it for cash.

....or get creative... If y'all saw 'Dope' you know the angle. Create a hard wallet and set up a trust. The trust owns the wallet which contains the BTC, the trust takes a loan out for approximately the value of the holdings, you get the loan and payback the premiums by selling off BTC in Coinbase. That's your deduction.

Of course its more detailed than that but its the framework.
Click to expand...

Man this is teacher status bro...thank you
 
w/ the stop/limit options on poloniex...is it possible not to lose $$$ but just break even as a worst case scenario?
 
LSN said:
w/ the stop/limit options on poloniex...is it possible not to lose $$$ but just break even as a worst case scenario?
Click to expand...
Yes it's possible, you have to put the settings in it. Think of the BTC amount in it like USD.

If you bought a coin at 0.0045 and you want to sell it for higher, you would have to look at what others bough and sold it for somewhere in the near past and put it to that much higher or how much of a percentage more you'd want to make. So maybe put a limit of 0.0047 or 0.0049, whatever it is for what you bought. You could be sitting there waiting for some time for it to get to that price if things aren't moving at the moment.

But I've set limits and woke up and the transaction was done overnight. Just gotta know where to set it that's reasonable for what others will likely sell for to profit. You can use the charts as I was saying on TradingView to see where you can grow in percentage, it's easier.

I try to get 3-5% out of a sale if the sticks look like they will go that way to me. Then keep moving the stop/limit if it's continuing in that direction.
 
Moving Target said:
BGOL...brethren, I need a opinion on this. Could it be that iran is investing the block chain technology to do oil exchange/trade in with china and Saudi Arabia? I am trying to find the previous article that stated they were looking for an alternate way to exchange funds. if they are going to use a crypto-currency, if they choose ripple....im going all in. need some assistance in the research. I remember a while back reading about middle eastern countries experimenting with block chain technology as a way to break free of the dollar. they may be even looking to bitcoin. im trying to find the article.


http://countercurrentnews.com/2017/...cebook&utm_campaign=FB_Biz_Part&utm_medium=FB
Click to expand...

I was thinking the SAME THING.
Blockchain technology and Cryptocurrency is changing the world.
Economic sanctions WILL NOT affect countries the same cause they can change currencies
and or exchange goods or services via Digital Currency
 
Mixd said:
Yes it's possible, you have to put the settings in it. Think of the BTC amount in it like USD.

If you bought a coin at 0.0045 and you want to sell it for higher, you would have to look at what others bough and sold it for somewhere in the near past and put it to that much higher or how much of a percentage more you'd want to make. So maybe put a limit of 0.0047 or 0.0049, whatever it is for what you bought. You could be sitting there waiting for some time for it to get to that price if things aren't moving at the moment.

But I've set limits and woke up and the transaction was done overnight. Just gotta know where to set it that's reasonable for what others will likely sell for to profit. You can use the charts as I was saying on TradingView to see where you can grow in percentage, it's easier.

I try to get 3-5% out of a sale if the sticks look like they will go that way to me. Then keep moving the stop/limit if it's continuing in that direction.
Click to expand...

awesome man thanks!
 
Mixd said:
Yes it's possible, you have to put the settings in it. Think of the BTC amount in it like USD.

If you bought a coin at 0.0045 and you want to sell it for higher, you would have to look at what others bough and sold it for somewhere in the near past and put it to that much higher or how much of a percentage more you'd want to make. So maybe put a limit of 0.0047 or 0.0049, whatever it is for what you bought. You could be sitting there waiting for some time for it to get to that price if things aren't moving at the moment.

But I've set limits and woke up and the transaction was done overnight. Just gotta know where to set it that's reasonable for what others will likely sell for to profit. You can use the charts as I was saying on TradingView to see where you can grow in percentage, it's easier.

I try to get 3-5% out of a sale if the sticks look like they will go that way to me. Then keep moving the stop/limit if it's continuing in that direction.
Click to expand...



You seem pretty knowledgeable and i'm seeing that alot of these tools in Poloniex make trading really easy. I know you have posted some courses earlier in this thread but will you post the top ones to give a basic handle on this trading? How much time needs to be invested into getting a basic working knowledge of candlesticks,setting limits, and being able to predict where to buy/sell at?
 
^SpiderMan^ said:
You seem pretty knowledgeable and i'm seeing that alot of these tools in Poloniex make trading really easy. I know you have posted some courses earlier in this thread but will you post the top ones to give a basic handle on this trading? How much time needs to be invested into getting a basic working knowledge of candlesticks,setting limits, and being able to predict where to buy/sell at?
Click to expand...
I'm no guru, just always wanted to learn candlesticks, this thread got me studying and learned it somewhat and what to look for. Still no expert, but learning.

Here's the free link I posted. The guy pushes a lot of his other course so that you can buy into it.
Mixd said:
Found a course for FREE using this link on Udemy

https://www.udemy.com/introduction-to-japanese-candlesticks/?couponCode=FREECOURSE2016

So no excuses, let's get this work
Click to expand...

There is no definitive course that's gonna teach you all you need about sticks, it's just different views and opinions on their methods. So I'm just taking a mix of the different stuff I studied so far. Using the charts to track movement is better than just looking at Poloniex charts, plus their's is 5 min intervals, you can get down to 1 min on TradingView and see something even sooner. Just a little extra edge. But to make the best decisions, you have to learn how to set up indicators. The reason candlesticks are so important, is they use people's emotions and you know a particular way that movement will or should follow.
 
Mixd said:
I'm no guru, just always wanted to learn candlesticks, this thread got me studying and learned it somewhat and what to look for. Still no expert, but learning.

Here's the free link I posted. The guy pushes a lot of his other course so that you can buy into it.


There is no definitive course that's gonna teach you all you need about sticks, it's just different views and opinions on their methods. So I'm just taking a mix of the different stuff I studied so far. Using the charts to track movement is better than just looking at Poloniex charts, plus their's is 5 min intervals, you can get down to 1 min on TradingView and see something even sooner. Just a little extra edge. But to make the best decisions, you have to learn how to set up indicators. The reason candlesticks are so important, is they use people's emotions and you know a particular way that movement will or should follow.
Click to expand...

Thanks man. I've been BSing with a few hundred bucks yesterday and made around 4% so far in less than 24 hours. I see alot of potential in this with more money if played right.
 

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