Re: Day trading stocks/cryptocurrencies as an alternitative
 

idk if someone already told you, but you can always use a bitcoin atm in the mean time.
if it was that dangerous you'd be hearing more about it.

Re: Day trading stocks/cryptocurrencies as an alternitative
 

In other words, I have to research and learn about cryptocurrency more.

Anyway, good news, turns out the hold on my bank account was a temporary thing...called them up and they said they were bombarded with new coinbase tranactions so they put some kind of universal flag on all accounts with coinbase activity...they just were waiting for me to verify that it was me.

Full speed ahead now, hoping for the best.

Re: Day trading stocks/cryptocurrencies as an alternitative
 

Y'all ready to have a stellar time?

Re: Day trading stocks/cryptocurrencies as an alternitative
 

I'm all for a fun time...but I probably won't be putting too much into this.

Maybe some leftover change and leaving it in there for like 5-10 years.

Re: Day trading stocks/cryptocurrencies as an alternitative
 

Lol, I think he was talking about XLM coins.

On crypto, 3-4 would be best. 5-10 would be stocks. The volatility would be too much I think. I have not seen most who start off go beyond 6 months who have not researched it thoroughly.

I am liking POWR, ENG, KNC , CND, ETH and BTC.

Re: Day trading stocks/cryptocurrencies as an alternitative
 

seems NEM and RIPPLE had their run, stellar will too,

I been noticing the high coin supply coins are even exploding,

i would never mess with them because going to a dollar would mean they would be in high valuation based on marketcap and now i think with all
this new money coming in to crypto that anything is possible

im looking at DGB once more
and RPX ( a NEO based token )

im gonna try to accumulate 100,000 of RPX i hear they are going to be listed in an exchange at the end of the month.....

Re: Day trading stocks/cryptocurrencies as an alternitative
 

Yea POWR should see a Dollar again, specially with the Australian Govt backing.... ENG( i think is Enigma should do ok, )

Re: Day trading stocks/cryptocurrencies as an alternitative
 

Dumped like 30k NEMs a few weeks ago during the segwit migration. It was one of my worst performers.

Keep hearing good things about iota, golem, nxt, neo, and gas


Right now mostly messing with the top Dawgs as they rotate predicably like clock work.

Re: Day trading stocks/cryptocurrencies as an alternitative
 

Besides coinbase, what other "exchanges" are safe to use to get into other crypto?

Re: Day trading stocks/cryptocurrencies as an alternitative
 

Yeah, POWR just hit a dollar, KNC went up 40 percent and is over $2, CND went up 20% and Aeron 40% today. Things are looking good!
It depends on what you mean by "safe". GDAX is an extension of Coinbase and is also safe. I would simply research the exchanges you believe are safe and go from there.

Re: Day trading stocks/cryptocurrencies as an alternitative
 

What website do you guys use to buy crypto currency?

Re: Day trading stocks/cryptocurrencies as an alternitative
 

congrats if you were holding power, im a big NEO holder so this year been good,

i got into Dragonchain about 2 weeks ago at 40 cents, so this is paying off well too, i can honestly say i should be able to pay my house off next year, off course first me and the IRS are gonna tango lol....

Re: Day trading stocks/cryptocurrencies as an alternitative
 

the gatekeeper is coinbase,

from there

binance.com
bittrex.com
poloniex.com
liqui.io
etherdelta.com
kucoin.com
coss.io
coinsmarkets.com
tidex.co
gdax.com

bitshares decentrilized exchange but that would be hard if ur new to this, same as for etherdelta

Re: Day trading stocks/cryptocurrencies as an alternitative
 

Thanks!!

Re: Day trading stocks/cryptocurrencies as an alternitative
 

oh lawd....my wallets are on fire..

Re: Day trading stocks/cryptocurrencies as an alternitative
 

Thanks, Congrats also on Neo and being able to pay off your house. I was actually going to buy some last week after some trade recommendations I saw on hacked but didn't get around to it.

On the IRS, that is probably my biggest issue as well. I am not liking the possible taxes, but it is what it is. I am thinking of increasing my withholding next year so taxes won't be an issue for 2019. I assume 2018 will be a big year for most crypto.Hah, know the feeling. It is like Christmas every time I wake up. Reminds me of the days when BTC started going up.

Re: Day trading stocks/cryptocurrencies as an alternitative
 

Coinbase. Once you buy it, it goes straight to your wallet. But you have to be careful about that wallet. You can't be transferring wrong currencies in it from somewhere else or else you will lose it all. I'm buying to keep for long term. I bought Ether at $486 and its way over $800 right now lol.

Re: Day trading stocks/cryptocurrencies as an alternitative
 

This is the first time I've heard of this "NEO" currency lol. Where do you buy NEO? But anyway, as far as IRS is concerned, this is DEFINITELY treated as property. Even though one may have small amounts under $20K (IRS recently had asked for documents from an exchange for accounts over this amount), he/she has to keep track of cost basis. Just like any other stock, the taxable event will happen as soon as you sell and trigger capital gains (ordinary if held less than a year). I would highly recommend you voluntarily report it even though you will not receive any tax forms. Hold off as much as you can till the next year. But with this crypto stuff, I think the strategy most people have is to just hold for long term because I just think they will keep going up and up.

Re: Day trading stocks/cryptocurrencies as an alternitative
 

Yeah and it sucks since all this crypto stuff is in the gray area, but i really dont mind paying 20k extra......im already in contact with an CPA/TAX attorney from California, so i think im going that direction....

I can pay my house, but not yet bro, i know NEO has steem, target price is Ethereums price, so im not letting this bad boys go, because im generating GAS and i think i will sell the GAS by that time when GAS is high in price,

My TEZOS is surprising me too, i bought a bunch and is alrady trading at 7-10 USD (futures) but on the release , since they got the highest ICO ever, and they got the funds from the BCH fork, i have a feeling they are going to pump the crap out of TEZOS, i wont be surprised if it opens at 20 USD.....looking forward for the February release.....this is another 100-300 dollar token......PATIENCE is key

Re: Day trading stocks/cryptocurrencies as an alternitative
 

Yeah, i am most likely going to do the FIFO method,

i have no problem reporting, the problem is collecting all the data

i can honestly say i have overtraded due to been new to this in the begginning of the year and yea is gonna be a nightmare bookkeeping wise i am holding more now, i know that once you hold for over a year taxes get treated differently, so my biggest bags dont move at all

NEO is on bittrex and binance

Re: Day trading stocks/cryptocurrencies as an alternitative
 

anyone here gotten in with decentraland?
looks reqlly promising.

Re: Day trading stocks/cryptocurrencies as an alternitative
 

I have a question, considering we have DACA and are NOT permanent residents...I assume that we cannot be taxed on property belonging overseas because that is how the IRS taxes US citizens and Permanent residents. Deferred action are neither.

Hypothetically, if we bought crypto overseas and stood overseas...there is no tax on capital gains, correct?Decentraland seems to have an ebb and flow with BTC I have noticed.

Re: Day trading stocks/cryptocurrencies as an alternitative
 

Is it worth buying bitcoin cash?!

Re: Day trading stocks/cryptocurrencies as an alternitative
 

It is up to you. No one knows.

Re: Day trading stocks/cryptocurrencies as an alternitative
 

You mean because of the current rally? I wouldn't! Don't look for top coins, or variants of top coins. Look at the top 20 or 50 closely, then compare before making a choice. I actually believe this is a great buy moment for some of the different alt-coins.

Re: Day trading stocks/cryptocurrencies as an alternitative
 

Has anyone tried day-trading crypto (bitcoin and others)? Is it even possible? My main question is how slow are the market executions? Immediate execution is paramount since price can change so quickly with bitcoin.

Re: Day trading stocks/cryptocurrencies as an alternitative
 

guys, don't get into this shit.

it's fucking gambling and it'll ruin your lives.

Not only did I lose the 7K I made, I lost another 7K on top of that.

I'm constantly monitoring prices of coins.

I want my money and my life back.

I was happier without this shit.

Fuck crypto, fuck money.

Most importantly remember that this is a ZERO SUM GAME. For every winner there's a loser. So the money you made, someone else lost. Can you live with that?

Re: Day trading stocks/cryptocurrencies as an alternitative
 

Yes .

Re: Day trading stocks/cryptocurrencies as an alternitative
 

I made 6 figures from crypto investments so your mileage may vary... I always thought it was stupid to day trade in something that is so volatile as cryptocurrency. If you believe in the technology then just be passive and invest long term.

Re: Day trading stocks/cryptocurrencies as an alternitative
 

Exactly, I only placed about $600 dollars into BTC some years ago...who knew the investment would have been so fortuitous despite the volatility. Crytpo requires research and staying power. If are as smart and have been through so much as dreamers...crypto should be cake.

Re: Day trading stocks/cryptocurrencies as an alternitative
 

Doing it as I type...800$ mistake off loading ripple for cash (oops). It's impossible to beat the appreciation even if super elite trader status.


In other words, HODL. Worked for these guys; they just sat, watch porn all day into billionaire status:

https://www.nytimes.com/2017/12/19/t...edge-fund.html

Moving a bunch to cold storage....only buying and holding now.

Re: Day trading stocks/cryptocurrencies as an alternitative
 

Put in another 20k to help me get my money back. Bought at 15500. I thought that was the lowest it'd go. Within minutes the market crashed. It's now below 14k.

That's it, that's all my money. Hell, that 20k is my mom's money. I have all my savings in bitcoin now.

Re: Day trading stocks/cryptocurrencies as an alternitative
 

Please say it isn't so.

Re: Day trading stocks/cryptocurrencies as an alternitative
 

He should be fine. Recovery will be swift and he should profit.

Re: Day trading stocks/cryptocurrencies as an alternitative
 

Maybe it will, maybe it won't. It's not based on any product or history of a company the way stocks are and it's not backed by any government and is not regulated the way US banks are so any gains or losses are purely speculative and if history is any indication, none of this will end well.

Re: Day trading stocks/cryptocurrencies as an alternitative
 

Why would anyone put their life savings into this, holy cow...

The thought makes me dizzy.

Re: Day trading stocks/cryptocurrencies as an alternitative
 

What do you guys think of Ripple?

Possible that you can get an easy 5x or 10x profit?

I mean it's basically pennies, so it seems like a good one to test out...although I heard it not being decentralized hurts it.

Re: Day trading stocks/cryptocurrencies as an alternitative
 

bitcoin is recovering

I'm already at a 1k profit after buying 20k at 15.5k

Re: Day trading stocks/cryptocurrencies as an alternitative
 

It is pennies for a reason. If you do the research, I am sure you can find it.

Re: Day trading stocks/cryptocurrencies as an alternitative
 

I made an account on Quantconnect and got a book on algorithmic trading. Going to try that next.

I want to have 200k by the end of next year.

If i met that goal I'm giving my mom 40k to retire and my uncle 10k to open his restaurant.