Be honest, Veeky Forums.
How many of you here have actually cashed out 6 or 7 figures due to crypto trading? How about cashing out anything above $20k? We all like to talk about lambo land but has anyone here actually achieved their goals or got rich?
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$10k/day limit + 23 days of bubbling + lots of ETH = Lambo
I think the fear a lot of people have is that the exchange will actually lock down their account if they try to cash out. I've heard of rumored horror stories here. I haven't seen any evidence though.
Another good reason to keep most of your coins in storage.
Get an account on every exchange, spread out your withdrawals so they don't think it's worth stealing from you.
Cashing out through an exchange is never worth it. Capital gains tax in most Western country just kills any profit you might have made. Buy assets with coins.
Don't you get taxed on owning digital currency even if you don't cash out? That's what one user was making it sound like, and you basically have to report every transaction you make with your digital currencies to the IRS if you're American.
Also, it's kind of hard to use BTC/ETH or whatever else digital currencies for it's actual purpose of currency if no stores or places accept it as a form of payment. Right now people are just playing digital currency markets just to cash out with more fiat.
Which assets can you buy with coins?
Can you transfer coins and make a tax-deductible donation with them?
Nah. You don't pay taxes if you sell items in Diablo3 either, do you? IRS can't be bothered with online shit. They get interested when you actually turn your virtual assets into actual fiat currency.
I'm planning on buying gold and silver with bitcoin.
when the fuck did zog start accepting buttcoins? do you even proofread?
That's silly, they wouldn't tax you for converting to other cryptos.
but they do
Cashed out $15k and bought a new laptop with some BTC on newegg today when ETH was $180. Said fuck it, locking in the gainz.
Nice dubs.
You must buy material things. Cars, ammunition, resources. Things that can be explained.
fuck i want a laptop too i need a battlestation but i am 10k down today alone wtf am I supposed to do?????
Personally, m8. I say leave. 30 BILLION dollars just left the market cap for crypto BTC is approaching $2k and ETH literally just dipped to $138.
Your call of course. But all the whales are dumping.
where can i find real time charts of crypto currencies and alt coins and trades?
i want a tab open that displays everything while i browse porn and play games.
>where can i find real time charts of crypto currencies and alt coins and trades?
>implying crypto isn't already your porn and games
You ain't gonna make it
This. Keep most of your coins on cold storage on your own hardware and keep backups of the wallets.
I say let them dump. And then they'll pump again after the weak hands are scrambling.
Blockchain IS the future. BTC,ETH,WAVES is the short term 1st Gen proof of concept. Waiting for the new Microsoft to show up.
My business will be generating 20k a month profit in my pocket, going to put like 1/3 of it into crypto every month. Hopefully will have lambo in no time.