Official BGOL Crypto Currency Thread ★★★★★

Bruh....if I only kept my Verge

I'm tryin to tell yall it's a game of patience...

If the coin has a good team behind it it's worth

worth taking a chance on a long hold...

That being said I sold verge a little too early but I was still able to double my funds..

I didn't panic when every one else was...
 
I'm tryin to tell yall it's a game of patience...

If the coin has a good team behind it it's worth

worth taking a chance on a long hold...

That being said I sold verge a little too early but I was still able to double my funds..

I didn't panic when every one else was...


Went back to my old coincap portfolio. My paltry couple hunid bucks in XVG...would be worth about a couple solid bitcoins about now.
 
I'm tryin to tell yall it's a game of patience...

If the coin has a good team behind it it's worth

worth taking a chance on a long hold...

That being said I sold verge a little too early but I was still able to double my funds..

I didn't panic when every one else was...

Fuck that. For the foreseeable future, it's invest and forget it. Seriously.
 
Went back to my old coincap portfolio. My paltry couple hunid bucks in XVG...would be worth about a couple solid bitcoins about now.

Dayaaaam hey there gonna be days like that

In this game.....

Imagine how many people are panicking now

On bitcoins dip...

I don't care if it dips down to 100 I'm gonna

Take out a loan and load the fuck up then...

These whales ain't fooling me
 
Almost everything crashing right now... Blood in the water... If ur a shark, go eat... I know I just did. Padded all my holdings...

:hmm: Maaaaan, why this shit gotta happen when I'm at work?
I wish I had known Redd was gonna fall even further below. I got in when it was stagnating between .009 and .008.
It's now at .006.
 
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So you buy in with BTC. You trade for a crypto that goes up 70 times. Let's say you have balls of steel and just let it ride. It goes up even higher. You have held it for a year by now. So you think it's long-term capital gains, right? But how do you cash out? :confused: You have to flip to something that switches to fiat. No more long-term when you do.

so in that scenario if I flip to something other than Fiat, I have to hold for another year??


I don’t think it resets after you sell to BTC. You just have to show that gains were made on holding for a year before you converted. This is where a tax professional would come in handy. I’m not tripping on the tax rate though. This is all easy money. Y’all shouldn’t be worried unless you plan on withdrawing everything all at once. Under the new tax law. You could make up to $160k a year as a single filer and $320k if you file jointly and your max tax bracket is 24%. That’s fine with me. I make about $60k so another $100k taxed at a quarter of my gain, I won’t trip on. Trying to save that extra 10% and proving to the feds that it was long term gains sounds like it could’ve a headache if you get audited. I’d rather have a print out of my trade history, my points of entry on an exchange and my points of exits. Everything made in between on trades they figure out if it’s long term or not, I’ll pay marginal regardless.
 
I don’t think it resets after you sell to BTC. You just have to show that gains were made on holding for a year before you converted. This is where a tax professional would come in handy. I’m not tripping on the tax rate though. This is all easy money. Y’all shouldn’t be worried unless you plan on withdrawing everything all at once. Under the new tax law. You could make up to $160k a year as a single filer and $320k if you file jointly and your max tax bracket is 24%. That’s fine with me. I make about $60k so another $100k taxed at a quarter of my gain, I won’t trip on. Trying to save that extra 10% and proving to the feds that it was long term gains sounds like it could’ve a headache if you get audited. I’d rather have a print out of my trade history, my points of entry on an exchange and my points of exits. Everything made in between on trades they figure out if it’s long term or not, I’ll pay marginal regardless.

Or you could just set up an offshore Ira and avoid capital gains altogether....


Or you could move to Puerto Rico.....


Or you could give up your citizenship and move to Panama........


Yeah I know highly unlikely but there are options
 
Yea Goldman Sachs got that

Crypto currency trading desk

In effect...

Its official

Let the fuckery begin

If this don't convince folk crypto currency aint

Going anywhere no time soon

Then they are functioning with a partially dead brain
 
Finished reading this thread.

man I’m so glad you did...it’s essential reading...I see ppl making the same mistakes we made early on...it’s also kind of hard to warn/advise ppl bcuz the atmosphere has changed...this thread existed w/o controversy for the most part for about 10 months...as it became popular tho everybody felt the need to weigh in on it and lend their “expert” opinion in typical BGOL fashion...no way someone who just discovered this should be arguing w/ someone who’s been involved w/ this for a year...not saying they’re always going to be right but in many cases they will be...sorry to anyone bothered by that but that’s just the truth...it may be easy for some to recover but for others not so much...you will have a leg up on most...looks like the hype is dying down...january should be a great month for “shopping”...I still stand by DRGN and WABI in 2018...AMB should be a great pick up too

DRGN (dragonchain) @ $0.50 if/when it hits an exchange other than etherdelta which may not be user-friendly for beginners

AMB (ambrosus) @ $0.32 and/or WABI @ $.1.90 on binance

honestly I told my sister tho now may not be the best time to buy....I might sound crazy but I’d wait until jan. after new years when the euphoria/hype has died down and $$$ hopefully exits the market and altcoin prices drop
 
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Ok, I'm all verified and whatnot finally w/ BitStamp. Good w/ Coinbase. Got the Rippex wallet on the desktop. I'm kicking myself for not getting in on this earlier. Imma dip my toe in the water w/ $250 worth of BTC @ 13.8K and buy some XRP. And maybe one day that shit will hit $10, lol.
 
man I’m so glad you did...it’s essential reading...I see ppl making the same mistakes we made early on...it’s also kind of hard to warn/advise ppl bcuz the atmosphere has changed...this thread existed w/o controversy for the most part for about 10 months...as it became popular tho everybody felt the need to weigh in on it and lend their “expert” opinion in typical BGOL fashion...no way someone who just discovered this should be arguing w/ someone who’s been involved w/ this for a year...not saying they’re always going to be right but in many cases they will be...sorry to anyone bothered by that but that’s just the truth...it may be easy for some to recover but for others not so much...you will have a leg up on most...looks like the hype is dying down...january should be a great month for “shopping”...I still stand by DRGN and WABI in 2018...AMB should be a great pick up too

Yea that drgn coin looks strong Disney has a

Strong team behind it.....
 
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Can someone explain this too me?

you took his advice and butchered it...that’s not what he said or was implying @ all...I don’t want to be accused of attacking anyone’s investment but RDD may not be the project you want to park your $$$ in just bcuz the price is lower...so far this year it’s proven to be good just for pumps...even in this current market it barely mustered up a decent rally...yes ideally it’d be better to have multiple coins of a project that has a great outlook but what’s your criteria for determining that project has a great outlook? IF it’s just the price you’re looking @ then you may find yourself in for a rude awakening...that’s all the brother was trying to say

The price of a coin doesn't matter. A coin that is .001 cents is not a better value than a coin that's $1,000. It's all about marketcap. Never buy a coin just because it's "cheap".
 
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Tron special dates coming


DRnAYHoW0AEn7Xp
 
Are we still anticipating a price spike once XRP is added to Coinbase?
I'm HODLin n Yodlin

Yea that coinbase addition and banks like cibc

In Canada officially going full steam...

Between now and the next two years ripple ain't gonna just Dance it's gonna make money moves...

Rodak Ripple
 
I really want to cop some salt and that drgn does sound good. But I think my current lineup of TRX, WABI,XRP, QTUM & XSPEC is strong.
 
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Are we still anticipating a price spike once XRP is added to Coinbase?
I'm HODLin n Yodlin

If you are buying xrp hoping for it to increase because of Coinbase, I wouldn't go overboard with putting a lot of money in too fast.

XRP has a good chance of being added to Coinbase in the future, but no one really knows if/when this will happen. Especially considering the shit that just happened with bitcoin cash.

As you can see from all the red and major price drops, the crypto community isn't built on a lot of traditional investors or regulations. Assuming people really are only buying xrp because they expect it will be added to Coinbase, the average crypto investors will sell xrp if this doesn't happen by end of 1st quarter and that's being generous.

A long-term hold in a traditional market may be seen as six months to a year plus. In crypto Long term is seemingly a month or two and that's assuming some new hype doesn't come along in the meantime.

I'm hoping xrp can get hyped to between 3 to 5 but I'm not considering selling below 1 to 2. As of today my other investments allow me to hold without fear and I'm not living off of crypto so there is no pressure for me to sell.
 
man I’m so glad you did...it’s essential reading...I see ppl making the same mistakes we made early on...it’s also kind of hard to warn/advise ppl bcuz the atmosphere has changed...this thread existed w/o controversy for the most part for about 10 months...as it became popular tho everybody felt the need to weigh in on it and lend their “expert” opinion in typical BGOL fashion...no way someone who just discovered this should be arguing w/ someone who’s been involved w/ this for a year...not saying they’re always going to be right but in many cases they will be...sorry to anyone bothered by that but that’s just the truth...it may be easy for some to recover but for others not so much...you will have a leg up on most...looks like the hype is dying down...january should be a great month for “shopping”...I still stand by DRGN and WABI in 2018...AMB should be a great pick up too
This thread is revolutionary. If everyone focuses on each one teach one and relish in learning and teaching, instead of being condescending, all should be good.
you took his advice and butchered it...that’s not what he said or was implying @ all...I don’t want to be accused of attacking anyone’s investment but RDD may not be the project you want to park your $$$ in just bcuz the price is lower...so far this year it’s proven to be good just for pumps...even in this current market it barely mustered up a decent rally...yes ideally it’d be better to have multiple coins of a project that has a great outlook but what’s your criteria for determining that project has a great outlook? IF it’s just the price you’re looking @ then you may find yourself in for a rude awakening...that’s all the brother was trying to say
He didn’t give me advice... he said I was giving out misinformation and was being condescending... I have given the criteria I use to pick investments and it being cheap was not what I mentioned. Although all the stocks that are worth a fuq are going to rise, the more shares you have, the more money you can make ie if you had bought 200k shares of bitcoin, ripple or any of these coins that has skyrocketed to above $1, you’d be in a better position than someone who invested in it when it already hit 9k.... if we keep things in a each one teach one light and not try to take cheap shots or one up each other, this thread can be what it is meant to be
 
This thread is revolutionary. If everyone focuses on each one teach one and relish in learning and teaching, instead of being condescending, all should be good.

He didn’t give me advice... he said I was giving out misinformation and was being condescending... I have given the criteria I use to pick investments and it being cheap was not what I mentioned. Although all the stocks that are worth a fuq are going to rise, the more shares you have, the more money you can make ie if you had bought 200k shares of bitcoin, ripple or any of these coins that has skyrocketed to above $1, you’d be in a better position than someone who invested in it when it already hit 9k.... if we keep things in a each one teach one light and not try to take cheap shots or one up each other, this thread can be what it is meant to be
For example, folk who bought bitcoin at above 16k mad as shit right now... cheaper stocks with great potential can give you 1000% gains... that is possible with bitcoin, but you can invest less money and be able to make more of a return getting in early on a gem
 
For example, folk who bought bitcoin at above 16k mad as shit right now...

they may not exactly be too thrilled about RDD either which has dropped further percentage wise...we’ll see which project rallies faster tho

... cheaper stocks with great potential can give you 1000% gains...

absolutely...no one will argue that...sometimes tho dudes forget about what makes a project great or simply may not know how to spot one and get caught up in it being cheap...and that’s all dude was saying...as I look back @ his post I realize he wasn’t even talking to you...but giving general advice that could save folks a lot of $$$ or time so one is not stuck waiting on a coin they thought had potential to be “artificially” pumped
 
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