Official BGOL Crypto Currency Thread ★★★★★

Gemini is pretty solid when it comes to cashing out into fiat. They will stop you from transferring btc to other exchanges if they see that you've logged in from different computers and have a large balance as a precaution. But for some reason, and I'm talking 6 figure numbers, you'll never have a problem cashing out with Gemini.

just waiting on verification :please: great to hear...thanks

did you talk to your bank prior to depositing the $$$ or have to answer any questions after?

are there any forms to fill out w/ the bank when cashing out a large amount?

do you mind sharing who you bank w/ if it’s not too personal a question? I’ve heard BOA and charles schwab are the most cooperative
 
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So what are the plans for people cashing out to fiat this year with ($XXX,XXX+)? Are you guys really going to chase down all your trades from exchange-to-exchanges, coin-to-coin and report that? Or say fuck it and use the marginal tax bracket for your total annual income? We know long term capital gains is out.
 
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Exactly... I follow a lot of YouTube channels that have high views and high subscribers.... Basically if a credible person gives some positive news on a coin.... For the most part you going to see at least a 5% gain for that day... But when the person is saying it they've already made their sizable investment and so have their friends and buddies...

That part
 
So what are the plans for people cashing out to fiat this year with ($XXX,XXX+)? Are you guys really going to chase down all your trades from exchange-to-exchanges, coin-to-coin and report that? Or say fuck it and use the marginal tax bracket for your total annual income? We know long term capital gains is out.

taxes are next year’s problem lol...but seriously...right now I’m just creating a chart that illustrates deposits and withdrawals into all the exchanges I’ve used...I’ll have to play around a bit and fudge the transactions to make it seem as tho what I deposited was used only to purchase what was withdrawn...also keep in mind you don’t have to include coin-to-coin transactions from 2017 just here on out...that being said...recording coin-to-coin would be tedious...that’s why I’m going w/ just deposits/withdrawals
 
taxes are next year’s problem lol...but seriously...right now I’m just creating a chart that illustrates deposits and withdrawals into all the exchanges I’ve used...I’ll have to play around a bit and fudge the transactions to make it seem as tho what I deposited was used only to purchase what was withdrawn...also keep in mind you don’t have to include coin-to-coin transactions from 2017 just here on out...that being said...recording coin-to-coin would be tedious...that’s why I’m going w/ just deposits/withdrawals
What are you using Excel? If you have a file you can share that would be great. This shit got me stressing a bit. I'm not ready to start cashing out to fiat yet, but I'm pretty sure I will be by the end of 2018. I'm hoping somebody with some pull can get this shit fixed in Congress by the end of the year cause the whales have to deal with this shit too.(I hope). I'm trying to limit my trades right now, but I'm at the point where I'm not putting too much of my own money now and will be peeling off profits from my heavy hitters into up and comers.
I was watching this video and this chick says Cointracking.info can get info through API from most of the major exchanges to pull all your trades and organize for you, but if each trade is a taxable event, I don't get how that shit will added up. Do they tax just the gain or the full balance each time. So fucking confused.:crying:

 
What are you using Excel? If you have a file you can share that would be great. This shit got me stressing a bit. I'm not ready to start cashing out to fiat yet, but I'm pretty sure I will be by the end of 2018. I'm hoping somebody with some pull can get this shit fixed in Congress by the end of the year cause the whales have to deal with this shit too.(I hope). I'm trying to limit my trades right now, but I'm at the point where I'm not putting too much of my own money now and will be peeling off profits from my heavy hitters into up and comers.
I was watching this video and this chick says Cointracking.info can get info through API from most of the major exchanges to pull all your trades and organize for you, but if each trade is a taxable event, I don't get how that shit will added up. Do they tax just the gain or the full balance each time. So fucking confused.:crying:



from what I understand...and I’m not 100% sure about this I think the onus falls onto the exchange to “tax” each transaction thru a fee...I could be wrong tho...I’m not gonna use that cointracking.info tho...sounds a bit invasive...I created a table using MS word...I’ll share the column headers in here in a few...I’ll just edit this post

*edit*

  1. Transaction No. (in chronological order)
  2. Date
  3. Deposit (currency/token I used)
  4. Exchange name
  5. Purchase (specific coin/token(s))
  6. Withdrawal (currency/token taken out)
I am looking to fudge the numbers so that columns 5/6 should pretty much be the same...actually as I type this I should just combine them...I’m not providing them w/ specific wallet addresses (unless requested)...just listing the exchanges where the transactions took place...also it’s possible that the IRS provides a template for this...I vaguely recall seeing one...I’ll look and see and post it here if I find anything...the best thing to do is enter your transactions live...it was easy to fill out the first few months when I was primarily in ripple...shit gets crazy around june/july...so that’s where I stopped for now
 
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I just keep track of all transactions in the Delta and at the end of each week copy them over to an excel spreadsheet. It’s a manual process but I know where all my assets are and what I spent on each.
 
Yeah I got in on it earlier this morning. Hoping that it does well... Looks like they already have a working product....seems like safe purchase... I just pray that it gets added to the big name exchanges fairly quickly

I tried to purchase today and it will not let me. You get an alert box that says they are not allowing Chinese, Amerian ,etc. investors when you click the buy button.
 
I tried to purchase today and it will not let me. You get an alert box that says they are not allowing Chinese, Amerian ,etc. investors when you click the buy button.

Yeah they literally added that today. I got the same alert when I tried to buy more... Seems like I told you guys one day too late...i literally bought it the same day I originally posted about it... And now they checking iP addresses and shit
 
Stupid fucking South Koreans just want to fuck shit up. So they raided the exchanges in Korea for tax evasion investigation. Happened wednesday but western media reporting it now. Must be something in the water in Asia because they acting similar to the fucking Chinese. It's good coinmarketcap removed them from prices. Don't panic sell or fall for thee FUD. :eek:

Blood sucking governments just want their fucking cut in taxes. The prior bank raid by koreans was just to ensure real names are being used.
 
Stupid fucking South Koreans just want to fuck shit up. So they raided the exchanges in Korea for tax evasion investigation. Happened wednesday but western media reporting it now. Must be something in the water in Asia because they acting similar to the fucking Chinese. It's good coinmarketcap removed them from prices. Don't panic sell or fall for thee FUD. :eek:

Blood sucking governments just want their fucking cut in taxes. The prior bank raid by koreans was just to ensure real names are being used.
Yeah, the CEO of TRX mentioned that in reference to the price fluctuation of TRX, but TRX was falling before this so I don't know.
 
Stupid fucking South Koreans just want to fuck shit up. So they raided the exchanges in Korea for tax evasion investigation. Happened wednesday but western media reporting it now. Must be something in the water in Asia because they acting similar to the fucking Chinese. It's good coinmarketcap removed them from prices. Don't panic sell or fall for thee FUD. :eek:

Blood sucking governments just want their fucking cut in taxes. The prior bank raid by koreans was just to ensure real names are being used.

yea they are so full of shit...

the south korea govt, is tryin to imply all the money being moved in south korean exchanges has them concerened about

gambling addiction...

they just want their cut.. they see all that money being moved and they feelin left out...

you are a hundred percent correct... it just proves how legit crypto currency is becoming and isnt going anywhere no time soon...
hold them fuckin coins and buy buy buy when you see a coin you are feelin drop....
 
Down But Not Out: Ripple Bulls May Regain the Upper Hand
The 50 percent decline of Ripple's XRP token from the record highs may have strengthened the bears, but chart analysis indicates further downside may be limited.

As per data source OnChainFX, the world's third-largest cryptocurrency by market capitalization has depreciated by 16.85 percent in the last 24 hours. As of writing, XRP is trading at $1.88 levels.

Part of the price drop from $3.36 to $2.07 witnessed on Monday can attributed to data provider CoinMarketCap's unannounced decision to exclude three Korean exchanges, causing its global average to suddenly drop. The resulting selloff came to halt after the change in average calculation methodology became public, allowing for a partial recovery in the XRP price to $2.46.

However, the relief was short-lived. XRP fell below $2.00 yesterday and hit a 12-day low of $1.71 today.

The decline in prices over the last 48 hours highlights the bearish undertone across the wider crypto markets.

Stellar lumens has dropped by 15 percent over a 24 hour period; NEM and cardano are down 13 percent and 15 percent, respectively; while TRON has lost a hefty 24 percent in value.

Fighting the trend, the top performer is ether (ETH), which hit a new all-time high of $1,417 today. ETH has gained around 11 percent over 24 hours.

Ripple Chart
download-1-3.png


The chart (prices as per Bitstamp) above shows:

  • The bears are in control, courtesy of a bearish doji reversal (Jan. 4 doji candle and the negative price action on the following day), and a sharp drop to a 12-day low of $1.61 today.
  • The bearish 5-day and 10-day moving average (MA) crossover (short-term average cut long-term average from above) also indicate upticks are likely to be short-lived.
  • The rising trend line may offer support around $1.50.
  • The relative strength index (RSI) is pointing lower, but still holding above 50.00 (bullish territory).
View

  • XRP looks set to test the rising trend line support of $1.50. Dips below the same could be short-lived, given the RSI on 4-hour time frame and 1-hour time frame shows oversold conditions.
  • Bullish Scenario: A rebound from the trendline support, followed by a close above $2.15 (Jan. 5 low) would add credence to the oversold conditions as shown by the 4-hour and 1-hour RSI and signal further gain towards $3.00–$3.30 levels.
  • Bearish Scenario: A sustained move below $1.4154 (61.8 percent Fibonacci retracement) could yield a sell-off to sub-$0.50 levels.
Disclosure: CoinDesk is a subsidiary of Digital Currency Group, which has an ownership stake in Ripple.
 
yea they are so full of shit...

the south korea govt, is tryin to imply all the money being moved in south korean exchanges has them concerened about

gambling addiction...

they just want their cut.. they see all that money being moved and they feelin left out...

you are a hundred percent correct... it just proves how legit crypto currency is becoming and isnt going anywhere no time soon...
hold them fuckin coins and buy buy buy when you see a coin you are feelin drop....
I just don't want anyone falling for the media FUD. The way they word shit is tricky. Plus, humanoids don't fucking read. They go by titles and freak out. Governments just want to track all this money. It's a HUGE goldmine for them. They getting 35 percent of your shit so they can piss it away on bombs. They lve this shit. Governments who don't allow crypto trading are the ones that can miss out on a shit ton of money. Those greedy fucks ain't stupid. :eek::eek::eek:
 
Tron Price Keeps Getting Battered as $0.11 Doesn’t Turn Into Support
JP Buntinx January 10, 2018
The good old saying “when it rains, it pours” is certainly applicable to cryptocurrencies. Every time Bitcoin sheds value, the rest of the market will turn into a sea of red. Even without Bitcoin’s shenanigans, the Tron price has no momentum right now. In fact, it keeps dropping even further as time progresses. The latest Tron price decline comes in the form of another 22.67% setback over the past 24 hours.

What is the Deal With the TRON Price?
That is the question a lot of people are asking themselves right now. That’s because there has been zero positive momentum all week long, and it seems things will only get worse as more time progresses. Thanks to a 22.067% dip over the past 24 hours, it is evident all of the momentum elevating Tron into the cryptocurrency top 10 has suddenly turned against this project. Given its lack of a working product, that is only to be expected at this point in time.

It is quite interesting to see how things have evolved for the Tron price. The currency shot into the market cap top 10 all of a sudden, even though no one could exactly explain why this was happening. Moreover, this sudden rise to the top eventually turned against the project, as a correction was more than needed at some point. It seems that correction is setting in right now, pushing the Tron price back down to the range where it belongs at this stage in its development.

Indeed, the Tron price took a massive hit against USD, BTC, and ETH. Its losses against Bitcoin are the least troublesome, although we are still talking about a 19.2% retracement over the past 24 hours. Moreover, the loss against ETH is over 30%, which is pretty spectacular. As a result, the 22.67% decline against the dollar was only to be expected. Right now, the Tron price is clinging to US$0.11, but that level will not turn into solid support anytime soon, by the look of things.



Even though Tron still has over US$1.5 billion in 24-hour trading volume, no one can deny that this mainly represents selling pressure across all exchanges. People are looking to flee the sinking ship and put their money into far more deserving currencies. Until Tron has an actual working product – and its “management team” decides not to sell 6 billion tokens in quick succession – this situation will not improve whatsoever.

Binance is still Tron’s leading exchange, with both of its BTC and ETH pairs constituting the majority of the volume. The fact that 75% of all of this currency’s trades take place on just one exchange is very troublesome, but it is not entirely uncommon in the world of cryptocurrency and digital assets. Coinnest sits in third place, but even the Koreans are getting fed up with Tron. Whereas they traded this altcoin at US$0.18 yesterday, their price has now dipped to US$0.12.

For the time being, it remains unclear what the future will bring for Tron. It is evident there are some things on the horizon which could improve the situation, but for now, these are still quite a long way away. Tron’s sudden rise to the top was nothing more than a pump-and-dump cycle, and it is due time people acknowledged this fact. There was some good money to be made while it lasted, but it seems unlikely the momentum will swing back in favor of this altcoin. Then again, the world of cryptocurrency is full of surprises.
 
just waiting on verification :please: great to hear...thanks

did you talk to your bank prior to depositing the $$$ or have to answer any questions after?

are there any forms to fill out w/ the bank when cashing out a large amount?

do you mind sharing who you bank w/ if it’s not too personal a question? I’ve heard BOA and charles schwab are the most cooperative

I wish I had 6figures but I was helping my boss move 620k back into his checking account because he couldn't send his btc and eth to Bittrex or Binance. They disabled
that feature on accounts with high notional value that have logged in from multiple computers. Whatever the case, he's been missing out on opportunities with the alts so he was forced to sell his btc/eth and cash out. The bank he is using is MUFG Union Bank. He said that it's all back into his account with no problem. The only thing that I don't get is why not disable the feature to cash out also if there is any concerns with security? Either way it was a smooth process. Now he's looking towards Coinbase/Gdax. Not sure what he plans to do next and I don't know if he gave his bank a head's up regarding the deposits/withdrawals from Gemini.
 
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just waiting on verification :please: great to hear...thanks

did you talk to your bank prior to depositing the $$$ or have to answer any questions after?

are there any forms to fill out w/ the bank when cashing out a large amount?

do you mind sharing who you bank w/ if it’s not too personal a question? I’ve heard BOA and charles schwab are the most cooperative
it took 6 days for me to be verified and I’m using boa.. applied on dec 29 verified on January 7
 
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[
Tron Price Keeps Getting Battered as $0.11 Doesn’t Turn Into Support
JP Buntinx January 10, 2018
The good old saying “when it rains, it pours” is certainly applicable to cryptocurrencies. Every time Bitcoin sheds value, the rest of the market will turn into a sea of red. Even without Bitcoin’s shenanigans, the Tron price has no momentum right now. In fact, it keeps dropping even further as time progresses. The latest Tron price decline comes in the form of another 22.67% setback over the past 24 hours.

What is the Deal With the TRON Price?
That is the question a lot of people are asking themselves right now. That’s because there has been zero positive momentum all week long, and it seems things will only get worse as more time progresses. Thanks to a 22.067% dip over the past 24 hours, it is evident all of the momentum elevating Tron into the cryptocurrency top 10 has suddenly turned against this project. Given its lack of a working product, that is only to be expected at this point in time.

It is quite interesting to see how things have evolved for the Tron price. The currency shot into the market cap top 10 all of a sudden, even though no one could exactly explain why this was happening. Moreover, this sudden rise to the top eventually turned against the project, as a correction was more than needed at some point. It seems that correction is setting in right now, pushing the Tron price back down to the range where it belongs at this stage in its development.

Indeed, the Tron price took a massive hit against USD, BTC, and ETH. Its losses against Bitcoin are the least troublesome, although we are still talking about a 19.2% retracement over the past 24 hours. Moreover, the loss against ETH is over 30%, which is pretty spectacular. As a result, the 22.67% decline against the dollar was only to be expected. Right now, the Tron price is clinging to US$0.11, but that level will not turn into solid support anytime soon, by the look of things.



Even though Tron still has over US$1.5 billion in 24-hour trading volume, no one can deny that this mainly represents selling pressure across all exchanges. People are looking to flee the sinking ship and put their money into far more deserving currencies. Until Tron has an actual working product – and its “management team” decides not to sell 6 billion tokens in quick succession – this situation will not improve whatsoever.

Binance is still Tron’s leading exchange, with both of its BTC and ETH pairs constituting the majority of the volume. The fact that 75% of all of this currency’s trades take place on just one exchange is very troublesome, but it is not entirely uncommon in the world of cryptocurrency and digital assets. Coinnest sits in third place, but even the Koreans are getting fed up with Tron. Whereas they traded this altcoin at US$0.18 yesterday, their price has now dipped to US$0.12.

For the time being, it remains unclear what the future will bring for Tron. It is evident there are some things on the horizon which could improve the situation, but for now, these are still quite a long way away. Tron’s sudden rise to the top was nothing more than a pump-and-dump cycle, and it is due time people acknowledged this fact. There was some good money to be made while it lasted, but it seems unlikely the momentum will swing back in favor of this altcoin. Then again, the world of cryptocurrency is full of surprises.
start @ the 6:40 mark: Tron plagiarized from someone else’s whitepaper
 
Would be a nice sale if everything wasn't getting beat to shit right now. Sure as fuck ain't selling VEN to buy shit else. Fucking dumb ass governments and MSM. I prefer real corrections and sales, not FUD shit where every fucking thing tanks. :smh:

Western media had access to this news all day, and they timed the release so people can wake up and freak the fuck out. Crypto players knew about this Korea shit this morning. Weak hands about to get crushed while the government players creating this shit :money:for cheap coins.

China part two. :smh:
 
Would be a nice sale if everything wasn't getting beat to shit right now. Sure as fuck ain't selling VEN to buy shit else. Fucking dumb ass governments and MSM. I prefer real corrections and sales, not FUD shit where every fucking thing tanks. :smh:

Western media had access to this news all day, and they timed the release so people can wake up and freak the fuck out. Crypto players knew about this Korea shit this morning. Weak hands about to get crushed while the government players creating this shit :money:for cheap coins.

China part two. :smh:

#SHND
#HODL
Stronghands win
 
I don't believe it is technically on exchanges yet.i think someone mentioned them being on etherdelta, however, you shouldn't buy them from there yet. The Wanchain team supposedly will not honor any tokens that come from there once the main net is launched.if I'm not mistaken currently the tokens now are ERC20, but Wanchain will have their on blockchain and the ERC20 tokens will be replaced.
waiting for this to drop
 
is it me or is the 4-digit pin the only thing protecting your assets if someone gets ahold of your ledger device and hooks it up their computer and unlocks it via MEW?
 
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this game is not for the worrysome and impatient....

that second guessing costin folks a lot of money...

I know so many coins I made a lil profit off of, but if I wouldve held on a little longer...

I would be in thailand right now on some first class, five star hotel for three months shit..

We all gotta learn the hard way. I panic sold my MCRN which was under a penny. If you check the chart you'll see a few days ago the price was climbing then dropped straight down. My shit dropped all the way to $85, a was still dropping. The day after I sold it, this mf shot all the way up to I think a cent. :smh:
 
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