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shitcoins at 7500

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#251
milwaukee mike

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I’m not sure if you are familiar with Mt. Gox, but the bankruptcy trustee sold off a whole lot of BCHand BCH over the last couple months to reimburse the hack victims. The info just came out recently, but is probably in part a reason for the price decrease the last few months, That’s the good news. The bad news is he still has a shitload to sell.

In other news, Coinbase is starting an index fund. . However they are only allowing accredited investors at this point, which means you need $1 million in assets not including your primary residence, or have to meet other income requirements that leave most out.

 

OR you just have to have a cpa friend that signs off that you're accredited

 

i've done this at least 10 times (all were genuinely accredited) and never once have i been asked for any documents or proof



#252
IAG

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OR you just have to have a cpa friend that signs off that you're accredited

i've done this at least 10 times (all were genuinely accredited) and never once have i been asked for any documents or proof

Interesting...Hey Mike....(or BGS) Have you had any returns come in with bitcoin gains this year?
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#253
MonkeyF0cker

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GPU mining profitability down about 1/3 of what it was two months ago due to increased hashing difficulty, increased total hashrate (competition), and sinking alt valuations.

Can sell every one of my used GPU's for more than I paid for them new right now due to scarce supply. And I'm going to start selling them now - before everyone else does.

Any other miners here should seriously consider doing the same. Unless you think ETH and other GPU mined cryptos are going to at least double in price in the next few months.

#254
Monitor-Tan

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possible look out below for bitcoin

 

 

I dunno btc's pretty erratic but I wrote before that BTC should've hit the double bottom when it hit that 6K ish level, fact that we haven't hit it again is what's making this fairly stagnant, i'd like to see it hit the 6K 1 more time and see if it holds at 6K level again, if it does I expect it to go up high and fast, if not then maybe 3-4K and then stagnant again.

 

BTC at a fairlyt critical pricing right now, if it drops a little more here and it doesn't go back up to hold support if it does drop, we're at the .618 fib level, next resistance at 9k is extremely weak, so we can see the 8.2Kish with ease, if that shit fails, we're hitting 6K again.

 

oops, I guess I was a few weeks early.  :laugh 


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#255
sleepy

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shitcoins back under 8k



#256
WeinkeToWarrick

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And altcoins even worse. FML

#257
sleepy

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I should have sold the .5 I had a nitrogen, but like a dummy I had to just keep betting there



#258
rito

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Interesting...Hey Mike....(or BGS) Have you had any returns come in with bitcoin gains this year?

 

 

you see the coinbase tax tools?     

 

mine looks pretty sweet, according to it I lost money every single year.



#259
milwaukee mike

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weird to think that at $330 billion total market cap of cryptos we are at the same level as 3 months ago in december

 

feels worse, and we're barely above the $279b lows of february 6th when bitcoin was under 6k... alts have been pretty much destroyed since then

 

other than possibly bitcoin/ether i would still short every crypto if i could



#260
sleepy

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down 16% for the day

 

fukk this shit



#261
gambit

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the hype is lost



#262
Monitor-Tan

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#263
milwaukee mike

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i wish more people would've bought puts on RIOT like i suggested

 

from 46 down to 7 and still overpriced, what piece of shit scammers, they should be arrested



#264
sleepy

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back under 8k

 

:burn



#265
milwaukee mike

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like all fads, in a matter of months owning cryptos went from being cool and fun to being embarassing

 

at least people have quit bothering me asking how to buy ripple and monero



#266
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I've got my ass kicked this year on these shitcoins



#267
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The person who recommended Iota to me at .59 cents was up 150K at one point
He used his downpayment for a house to play the cryptos and made huge gains in like 3 months
When he was up 150K I told him he should at least take his original stake out cause he doesn’t have much(deliveries paper products to my shop)
Anyways seen him for the first time in months as he usually delivers on my days off
He looked like someone ran over his dog
Told me he’s about even now
I felt sorry for him but fought the urge to tell him I told him so
Bet there are tons of stories like this but with even sadder endings

#268
IAG

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One month after this thread was made BTC was at $11,500. Back down again, (still higher than when thread made) but this is nature of BTC.... There are new factors now as it has grown, such as social media banning crypto ads, increased regulation and so forth, etc, but to say owning crypto currency is embarrassing? You might be embarrassed if you bought at the top I guess..l I own BTC and a handful of other crypto . I am not embarrassed. It can be disheartening at times, but I was disheartened when Ethereum dropped to $200 and stayed for months. in Jan, it was at what, $1300?

BTC lost 83% of its value in three days between April 10, 2013, and April 12, 2013. If you had invested just $1,000 in bitcoin at the bottom of that three-day correction at $45, it would be worth about $200,000 today (and would have been worth nearly half a million dollars back in December).

To each his or her own. Perhaps one of these days it will not recover from one of its many major crashes, ...but I’m a gambler. Time will tell.
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#269
IAG

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The person who recommended Iota to me at .59 cents was up 150K at one point
He used his downpayment for a house to play the cryptos and made huge gains in like 3 months
When he was up 150K I told him he should at least take his original stake out cause he doesn’t have much(deliveries paper products to my shop)
Anyways seen him for the first time in months as he usually delivers on my days off
He looked like someone ran over his dog
Told me he’s about even now
I felt sorry for him but fought the urge to tell him I told him so
Bet there are tons of stories like this but with even sadder endings


At least he doesn’t live in the United States. If he was actively trading, he would be potentially be paying tax on that 150,000 paper gain for 2017, and only be able to claim $3000 per year in losses going forward.
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#270
milwaukee mike

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One month after this thread was made BTC was at $11,500. Back down again, (still higher than when thread made) but this is nature of BTC.... There are new factors now as it has grown, such as social media banning crypto ads, increased regulation and so forth, etc, but to say owning crypto currency is embarrassing? You might be embarrassed if you bought at the top I guess..l I own BTC and a handful of other crypto . I am not embarrassed. It can be disheartening at times, but I was disheartened when Ethereum dropped to $200 and stayed for months. in Jan, it was at what, $1300?

BTC lost 83% of its value in three days between April 10, 2013, and April 12, 2013. If you had invested just $1,000 in bitcoin at the bottom of that three-day correction at $45, it would be worth about $200,000 today (and would have been worth nearly half a million dollars back in December).

To each his or her own. Perhaps one of these days it will not recover from one of its many major crashes, ...but I’m a gambler. Time will tell.

 

absolutely it's embarassing, go to a dinner party now and tell them you just bought some more tron, you will be laughed at... in december they would've asked you how to do it

 

yes cryptos go up and down, and bitcoin might do well over the long run... but as i've said even when i was actively trading them, almost every one of these cryptos is going to 0... might not be tomorrow, but there will definitely be a time when investing in cryptos is thought of the same way as hoarding beanie babies... at least beanie babies were cute



#271
MonkeyF0cker

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Can still make decent coin day trading and/or market making cryptos.

 

Buy and hold?  Not with someone else's money.



#272
milwaukee mike

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the big holders are just gonna dump stuff at whatever price they can get

 

not sure why there has been an orderly decline, i expect some of these cryptos to lose 90% in a heartbeat if it's all sellers and no buyers



#273
IAG

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the big holders are just gonna dump stuff at whatever price they can get

not sure why there has been an orderly decline, i expect some of these cryptos to lose 90% in a heartbeat if it's all sellers and no buyers

Many people discovering their huge tax bill for 2017 and if they didn’t cash out early enough, may not have the money to cover. Now they have to dump their cryptos at shit prices and may end up owing additional money to IRS.


That would be only thing worse than losing all your gains ...losing all your gains and having to pay the IRS 30% if they wont allow LKE.
I read there are enough crypto gains in US from 2017 to pay for the wall.
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#274
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Now down lifetime with Bitcoin a smidge, thankfully the profits made via the offshore sports world via BitCoin deposits well make up for the loss, to the tune of tens of thousands of dollars in profit.


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#275
milwaukee mike

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Many people discovering their huge tax bill for 2017 and if they didn’t cash out early enough, may not have the money to cover. Now they have to dump their cryptos at shit prices and may end up owing additional money to IRS.


That would be only thing worse than losing all your gains ...losing all your gains and having to pay the IRS 30% if they wont allow LKE.
I read there are enough crypto gains in US from 2017 to pay for the wall.

 

good points, but the amount of people involved in cryptos is such a miniscule amount of the us population

 

i do 350 tax returns, mostly wealthy people, and i'm the only one that had cryptos

 

i would argue that these aren't "shit prices"... they are still ridiculously overvalued, just not quite as ridiculously... no reason to have 1500 cryptos, 3 is a more realistic number






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