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Old 02-15-2013, 11:41 AM  
ChiefRocka ChiefRocka is offline
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Bitcoin Take?
Bitcoin disrupts gold
Ethereum disrupts financial services
There will be others...


Last edited by ChiefRocka; 03-06-2024 at 06:51 AM..
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ChiefRocka Forgot to Remove His Claytex and Got Toxic Shock Syndrome.ChiefRocka Forgot to Remove His Claytex and Got Toxic Shock Syndrome.ChiefRocka Forgot to Remove His Claytex and Got Toxic Shock Syndrome.ChiefRocka Forgot to Remove His Claytex and Got Toxic Shock Syndrome.ChiefRocka Forgot to Remove His Claytex and Got Toxic Shock Syndrome.ChiefRocka Forgot to Remove His Claytex and Got Toxic Shock Syndrome.ChiefRocka Forgot to Remove His Claytex and Got Toxic Shock Syndrome.ChiefRocka Forgot to Remove His Claytex and Got Toxic Shock Syndrome.ChiefRocka Forgot to Remove His Claytex and Got Toxic Shock Syndrome.ChiefRocka Forgot to Remove His Claytex and Got Toxic Shock Syndrome.ChiefRocka Forgot to Remove His Claytex and Got Toxic Shock Syndrome.
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Old 01-05-2018, 11:13 AM   #1171
JohnnyHammersticks JohnnyHammersticks is offline
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Converted 9000 Ripple XRP @ $2.84 to Bitcoin yesterday after the Coinbase statement. Because of the rise in Bitcoin since I made the conversion, this allows me to pull all of my original $26.5K crypto investment out, plus about $1K in profits. Leaves me with 1.1 Bitcoin, 10 Ethereum, 11.1K Ripple XRP, and 20K Verge XVR for "free". Playing with house money from now on.
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Old 01-05-2018, 11:27 AM   #1172
KurtCauley KurtCauley is offline
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I am in on XRB as well. But I recently went in pretty heavy on request. It's gonna be a long hold but I've read good things about it.
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Old 01-05-2018, 11:54 AM   #1173
Jewish Rabbi Jewish Rabbi is offline
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Originally Posted by JohnnyHammersticks View Post
Converted 9000 Ripple XRP @ $2.84 to Bitcoin yesterday after the Coinbase statement. Because of the rise in Bitcoin since I made the conversion, this allows me to pull all of my original $26.5K crypto investment out, plus about $1K in profits. Leaves me with 1.1 Bitcoin, 10 Ethereum, 11.1K Ripple XRP, and 20K Verge XVR for "free". Playing with house money from now on.
Minus those taxes you have to pay
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Old 01-05-2018, 12:04 PM   #1174
Taco John Taco John is offline
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Minus those taxes you have to pay
I may be mistaken, but you don't have to pay taxes on your original stake - just capital gains after that.
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Old 01-05-2018, 12:07 PM   #1175
wutamess wutamess is offline
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Originally Posted by JohnnyHammersticks View Post
After the Coinbase statement.
What does that mean?
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Old 01-05-2018, 12:22 PM   #1176
Shag Shag is offline
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What does that mean?
Coinbase said they have no current plans to list XRP, which was a rumor floating around.
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Old 01-05-2018, 12:51 PM   #1177
Taco John Taco John is offline
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Originally Posted by wutamess View Post
What does that mean?
Coinbase has been a sort of king maker since it's one of the only fiat exchanges. People expect that cryptos get big bounces once they're on coinbase, and trade on it. Part of Ripple's rise was on rumors that it would be listed on coinbase. As it started to overheat, coinbase made a cryptic announcement that they are not adding new coins "at this time." whatever that means. Coinbase will be adding new coins eventually, and it's hard to imagine that Ripple won't be one of them. If it is, great. If it isn't, it doesn't really matter. Bitcoin Cash shows that the coinbase bounce is just that: a bounce, and then correction back to normalcy.
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Old 01-05-2018, 12:54 PM   #1178
Hog's Gone Fishin Hog's Gone Fishin is offline
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Quote:
Originally Posted by JohnnyHammersticks View Post
Converted 9000 Ripple XRP @ $2.84 to Bitcoin yesterday after the Coinbase statement. Because of the rise in Bitcoin since I made the conversion, this allows me to pull all of my original $26.5K crypto investment out, plus about $1K in profits. Leaves me with 1.1 Bitcoin, 10 Ethereum, 11.1K Ripple XRP, and 20K Verge XVR for "free". Playing with house money from now on.
Now that's how to work it. Good job!
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Old 01-05-2018, 12:59 PM   #1179
Taco John Taco John is offline
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The coins are starting to cool off. That's normal.

I dumped my TRON position last night and took big profits at $.25 from where I bought in at $.04. I'll get back into TRON once it finds a new support line. If it goes up and I miss the boat, I'm okay with that.

I put all my TRON profits into Verge for now. It's been holding firm at $.16. It didn't get the bounce it deserved from the Wraith launch because they were a day late and they had poor communication. No matter, it works. I expect it to bounce to $.50 at some point. When that happens, I'll have a decision to make.

Verge coin has a lot of enemies. It is a high risk, high reward coin. I could lose big on this play. I could win big too.

Have fun out there.
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Old 01-05-2018, 02:43 PM   #1180
Shag Shag is offline
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Originally Posted by Taco John View Post
The coins are starting to cool off. That's normal.

I dumped my TRON position last night and took big profits at $.25 from where I bought in at $.04. I'll get back into TRON once it finds a new support line. If it goes up and I miss the boat, I'm okay with that.

I put all my TRON profits into Verge for now. It's been holding firm at $.16. It didn't get the bounce it deserved from the Wraith launch because they were a day late and they had poor communication. No matter, it works. I expect it to bounce to $.50 at some point. When that happens, I'll have a decision to make.

Verge coin has a lot of enemies. It is a high risk, high reward coin. I could lose big on this play. I could win big too.

Have fun out there.
I was strongly considering dumping TRX yesterday when it spiked big, and kicking myself for not. Seems to be trending back up again, so will have to watch that one closely.

XRB won the Binance vote, so will be listed there shortly. Should be a boon, but we'll see - it may have spiked on the rumor already. Still think that one has good long term viability.
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Old 01-05-2018, 03:01 PM   #1181
Jewish Rabbi Jewish Rabbi is offline
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I may be mistaken, but you don't have to pay taxes on your original stake - just capital gains after that.
You are required to report those gains on every trade. You can’t just pull out your original stake and not pay any taxes because all your “profit” is still tied up in crypto.

I am not an accountant, but I am paying my taxes that are due. Uncle Sam will be coming down hard on people who haven’t IMO with the rise in value we’ve seen this year.
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Old 01-05-2018, 03:42 PM   #1182
BWillie BWillie is offline
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You are required to report those gains on every trade. You can’t just pull out your original stake and not pay any taxes because all your “profit” is still tied up in crypto.

I am not an accountant, but I am paying my taxes that are due. Uncle Sam will be coming down hard on people who haven’t IMO with the rise in value we’ve seen this year.
One of the reasons I mainly just hodl. Too much work otherwise.
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Old 01-05-2018, 03:51 PM   #1183
MagicHef MagicHef is offline
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One of the reasons I mainly just hodl. Too much work otherwise.
I don't plan on selling what I have until I retire. I guess we'll see how that end up working out.
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Old 01-05-2018, 05:17 PM   #1184
eDave eDave is offline
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BTC is skyrocketing today. Yeesh.
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Old 01-05-2018, 05:45 PM   #1185
BWillie BWillie is offline
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BTC is skyrocketing today. Yeesh.
Perhaps people are cashing in on their recent alt coin profits on the exchanges. They want to secure it on the most reliable & secure crypto currency.
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