Official BGOL Crypto Currency Thread ★★★★★
- Thread starter Matt Beesy
- Start date
Group is concentrated and been through the bullshit. It's cats who were serious and live and breath this shit. It's mostly the group members who drop all the damn knowledge in this thread to this day. Folks ain't left bgol. Game is just intense.
Tips are always shared. We've shared everything from entry to exit strategies to everything in between.
Shit. You keep thinking you don't need groups in this game. If you have a group of cats deep in this shit who all in it together sharing, they get further than any one man. All the hating on reddit. Twitter. 4chan. Bitcointalk. A group can narrow shit down and bring shit to the table for everyone to see. Shit. In reality, you need a think tank up in this bitch, but a group will do.
I know I'm good at this. I have calls in this thread and dropped shit to prove it. Got a twitter with people thanking me for shit. Called ADA back like on October 1 on my twitter. But everyone should get into a group if they can with people just as good and better. People just as devoted. They'd be crazy not to.
Shit. Just cats like @LegalMoney showing up and answering questions personally is worth being in a group. Then there are cats with the ICO knowledge that I haven't really even touched yet and still making a killing. Then TA cats. All in one place. No hate. Shit.
With the group that was formed off BGOL, sometimes I feel like I'm the wonder twin that turns into water hanging around the super friends.
Group is concentrated and been through the bullshit. It's cats who were serious and live and breath this shit. It's mostly the group members who drop all the damn knowledge in this thread to this day. Folks ain't left bgol. Game is just intense.
Tips are always shared. We've shared everything from entry to exit strategies to everything in between.
Shit. You keep thinking you don't need groups in this game. If you have a group of cats deep in this shit who all in it together sharing, they get further than any one man. All the hating on reddit. Twitter. 4chan. Bitcointalk. A group can narrow shit down and bring shit to the table for everyone to see. Shit. In reality, you need a think tank up in this bitch, but a group will do.
I know I'm good at this. I have calls in this thread and dropped shit to prove it. Got a twitter with people thanking me for shit. Called ADA back like on October 1 on my twitter. But everyone should get into a group if they can with people just as good and better. People just as devoted. They'd be crazy not to.
Shit. Just cats like @LegalMoney showing up and answering questions personally is worth being in a group. Then there are cats with the ICO knowledge that I haven't really even touched yet and still making a killing. Then TA cats. All in one place. No hate. Shit.
With the group that was formed off BGOL, sometimes I feel like I'm the wonder twin that turns into water hanging around the super friends.
Yeah. The group is amazing.
What group are you in?
Can I get the invite to the group?
I don't remember hearing much about ETN in here. Anyone here buy any?
Group is concentrated and been through the bullshit. It's cats who were serious and live and breath this shit. It's mostly the group members who drop all the damn knowledge in this thread to this day. Folks ain't left bgol. Game is just intense.
Tips are always shared. We've shared everything from entry to exit strategies to everything in between.
Shit. You keep thinking you don't need groups in this game. If you have a group of cats deep in this shit who all in it together sharing, they get further than any one man. All the hating on reddit. Twitter. 4chan. Bitcointalk. A group can narrow shit down and bring shit to the table for everyone to see. Shit. In reality, you need a think tank up in this bitch, but a group will do.
I know I'm good at this. I have calls in this thread and dropped shit to prove it. Got a twitter with people thanking me for shit. Called ADA back like on October 1 on my twitter. But everyone should get into a group if they can with people just as good and better. People just as devoted. They'd be crazy not to.
Shit. Just cats like @LegalMoney showing up and answering questions personally is worth being in a group. Then there are cats with the ICO knowledge that I haven't really even touched yet and still making a killing. Then TA cats. All in one place. No hate. Shit.
With the group that was formed off BGOL, sometimes I feel like I'm the wonder twin that turns into water hanging around the super friends.
Of course groups help and as you become
More successful you will most likely run into
One
That being said the fact is you dont need them
To make money
The fact also remains that many groups like
Pumping and dumping .......
And it just good to be aware of that....
Shout out to folks that are in groups and come
In here to share their knowledge
Like the thread starter wykoff. Legal money
Largebills you Gene cisco..................
mayne yall know who yall are..
Much appreciated.....
Again groups are helpful and can most
Definitely give you an edge...
It's just not needed and one should be weary
Of the pump em dump em whales
of all sizes
I already have coinbase and binance setup and want to buy xrp. So since the exchange doesn't have the coin I want to invest in, what's the best buy in method-which coin? BTC, ETH? I'm ready to act. Fuck it.
Nvmd. I now own ETH about to flip to XRP. Forward looking and learning. Props to everyone for the info and push.
Nvmd. I now own ETH about to flip to XRP. Forward looking and learning. Props to everyone for the info and push.
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Buy eth on Coinbase send it to binance then trade your eth to xrp.
IMO the absolute worst scenario for new investors is making a shit ton of money faster than anticipated and not having any plan on how to manage your money, your investments, and most importantly your expectations.
It might be better for some to research good assets, identify a potential target price to sell and to HODL those positions until that number is hit, albeit however long that takes.
You're an investor at that point and should not worry about the intraday price swings.
For example, if you bought Litecoin at the beginning of 2017 it was ~ $3.00 - $1.00. At the time if you believed that Litecoin was criminally undervalued you should have bought $100 worth and held that shit all year until it got to the $300 level then sold for $40k+ profits.
That's an absurd ROI and actually happened. If you buy and HODL you'll likely win given the newness of the crypto market.
However, if you want to "play" more and move in and out of coins then you may be a trader.
Traders take positions regardless of relative price because they expect momentum and buying pressure to move prices fast. Traders don't bag hold: they sell their positions at determined profit levels and move onto the next coin.
Determine your goals and personal investing style ASAP before you make a shit ton of "paper" gains. Just because your Blockfolio says you're rich doesn't actually mean anything until you cash out.
The sickest feeling isn't missing out on a good run like Ripple, no the sickest feeling is watching your paper gains quickly disappear because you either didn't sell when it was high or didn't temper your expectations to weather the price swings.
It might be better for some to research good assets, identify a potential target price to sell and to HODL those positions until that number is hit, albeit however long that takes.
You're an investor at that point and should not worry about the intraday price swings.
For example, if you bought Litecoin at the beginning of 2017 it was ~ $3.00 - $1.00. At the time if you believed that Litecoin was criminally undervalued you should have bought $100 worth and held that shit all year until it got to the $300 level then sold for $40k+ profits.
That's an absurd ROI and actually happened. If you buy and HODL you'll likely win given the newness of the crypto market.
However, if you want to "play" more and move in and out of coins then you may be a trader.
Traders take positions regardless of relative price because they expect momentum and buying pressure to move prices fast. Traders don't bag hold: they sell their positions at determined profit levels and move onto the next coin.
Determine your goals and personal investing style ASAP before you make a shit ton of "paper" gains. Just because your Blockfolio says you're rich doesn't actually mean anything until you cash out.
The sickest feeling isn't missing out on a good run like Ripple, no the sickest feeling is watching your paper gains quickly disappear because you either didn't sell when it was high or didn't temper your expectations to weather the price swings.
Solid sound advice patience is a must have...
What are some ways to move money without getting killed in taxes or being labeled a tax evader???
Im fucking with you B!
The dopest shit about this thread is the brotherhood. I got blood relatives that fell out over a couple 100's.
You got ninjas in here buying whips and what not. Shit is beautiful
You got ninjas in here buying whips and what not. Shit is beautiful
The balance between reporting what you know the IRS knows and what you think they don't know.
When it comes to taxes the IRS more than likely doesn't know how much you made in crypto profits, so earnestly you have the power in deciding the presentation of your disclosure.
If you pulled out more than $20k and had more than 200 transactions in a year then Coinbase will provide a 1099-k to the IRS. Otherwise they won't report a thing.
So the IRS will be taking you on your word if you report. So report something!
I've heard of people reporting only their Bitcoin long term capital gains for reduced tax rates and leaving out all alt trades.
That's not how the tax law works......however...if the IRS can only definitely determine your Coinbase buy/sells I understand the risk.
Damn TRON doin numbers! I know I didn't jump in this thread as early as I should have but got damn I jumped in right on time!!!
I love this game! Currently have majority of my holdings in TRON, ripple an XSPEC. With a little QTUM hanging in there. Had to sell the WABI it wasn't performing since I had it.
I love this game! Currently have majority of my holdings in TRON, ripple an XSPEC. With a little QTUM hanging in there. Had to sell the WABI it wasn't performing since I had it.
Did this since last night myself and just my luck Coinbase been having issues. Waiting on a pending send for hours.
What's pissing me off is I always buy BTC to flip. Last night I said let me try ETH for once in my life to see how fast it is. And that's my thanks. Smh.ya the entire ETH network is severely congested...not just a coinbase issue
Trying to get some TRX on Binance and I can't win lol
Good shit
I think Litecoin is going to blow this year also
Just when you forget about it, it takes off. Hoping it hits that $500 mark
Just when you forget about it, it takes off. Hoping it hits that $500 mark
Same...
I'm not in the crypto game, but I actually make my living trading NADEX. With that said, I've pulled out more than 50k at once several times with NO problems.
I only mention that figure because I don't like what I've been hearing with coin exchanges suspending trading (buying ad selling), having "tiers", delays withdrawing money, delays transferring coins, etc.
Has anyone or does anyone withdraw several thousand dollars at once? I take out at least 10k/month from NADEX with no issues at all. I know quite a few people have made serious bread trading cryptos. I'm not interested in only having money on paper, I want TOTAL access to my OWN money at all times. I can have my money wired to me the same day or an ACH deposit to my account in 2 business days no matter what.
Are my concerns valid? NADEX has afforded me an after tax 6-figure 10k+ per month lifestyle and I wouldn't wanna run into no bullshit if I decided to invest.
I only mention that figure because I don't like what I've been hearing with coin exchanges suspending trading (buying ad selling), having "tiers", delays withdrawing money, delays transferring coins, etc.
Has anyone or does anyone withdraw several thousand dollars at once? I take out at least 10k/month from NADEX with no issues at all. I know quite a few people have made serious bread trading cryptos. I'm not interested in only having money on paper, I want TOTAL access to my OWN money at all times. I can have my money wired to me the same day or an ACH deposit to my account in 2 business days no matter what.
Are my concerns valid? NADEX has afforded me an after tax 6-figure 10k+ per month lifestyle and I wouldn't wanna run into no bullshit if I decided to invest.
According to the Venezuelan government, the country’s cryptocurrency will launch within the next few days and will be backed by 5.3 billion barrels of oil worth $267 billion. If it seems like a drastic and sudden move, consider those dire circumstances often call for dramatic action. Venezuela is currently in the midst of an overwhelming financial crisis, which the government hopes that this move will offset. However, the adoption of cryptocurrency is by no means a surefire method and the launch of the “petro” cryptocurrency was only just announced earlier in December.
Thoughts about the proposed upcoming lightning network for Bitcoin. It's why I'm still hodling some BTC in my portfolio. Instant transactions with practically no fees. Bitcoin could potentially skyrocket again.
https://www.forbes.com/sites/ktorpe...s-focused-on-cheap-transactions/#24e9ec5e7dab
Comparing the Lightning Network to Low-Fee Altcoins
There are many altcoins that have made their claims to fame by offering cheaper on-chain transactions when compared to Bitcoin. Here are the median transaction fees for some cryptocurrency networks on December 27, 2017 (according to BitInfoCharts):
Bitcoin: $22.99
Ethereum: $0.33
Bitcoin Cash: $0.05
Litecoin: $0.39
While there are currently cheaper alternatives to Bitcoin in terms of on-chain transactions, the Lightning Network should enable payments much cheaper than what is offered by these altcoins. In the past, the two co-authors of the original Lightning Network white paper have claimed fees on the layer-two scaling solution for Bitcoin will be effectively zero.
In addition to the lower fees, transactions on the Lightning Network can be accepted as valid instantly, meaning there is no need to wait for a confirmation via a new mined block before a payment can be accepted as valid.
There is also the potential for greater anonymity offered by the Lightning Network (or other, related systems such as TumbleBit), although there is still more work to be completed in this area.
Perhaps the most important factor to consider when comparing Bitcoin’s Lightning Network to low-fee altcoins is the higher liquidity, lower volatility, and relative longevity offered by the bitcoin asset. Most people would simply prefer to use bitcoin as money over an altcoin, which is the reason bitcoin has continued to succeed in the face of relatively higher fees.
https://www.forbes.com/sites/ktorpe...s-focused-on-cheap-transactions/#24e9ec5e7dab
Comparing the Lightning Network to Low-Fee Altcoins
There are many altcoins that have made their claims to fame by offering cheaper on-chain transactions when compared to Bitcoin. Here are the median transaction fees for some cryptocurrency networks on December 27, 2017 (according to BitInfoCharts):
Bitcoin: $22.99
Ethereum: $0.33
Bitcoin Cash: $0.05
Litecoin: $0.39
While there are currently cheaper alternatives to Bitcoin in terms of on-chain transactions, the Lightning Network should enable payments much cheaper than what is offered by these altcoins. In the past, the two co-authors of the original Lightning Network white paper have claimed fees on the layer-two scaling solution for Bitcoin will be effectively zero.
In addition to the lower fees, transactions on the Lightning Network can be accepted as valid instantly, meaning there is no need to wait for a confirmation via a new mined block before a payment can be accepted as valid.
There is also the potential for greater anonymity offered by the Lightning Network (or other, related systems such as TumbleBit), although there is still more work to be completed in this area.
Perhaps the most important factor to consider when comparing Bitcoin’s Lightning Network to low-fee altcoins is the higher liquidity, lower volatility, and relative longevity offered by the bitcoin asset. Most people would simply prefer to use bitcoin as money over an altcoin, which is the reason bitcoin has continued to succeed in the face of relatively higher fees.
Binance seems to be down.
Yeah, I'm starting to look at a nano ledger s. Right now I'm trying to setup my ether wallet. Don't want any funny business to happen.