MiamiSlice | 3,176 Posted August 29, 2021 Share Posted August 29, 2021 4 hours ago, Gloves said: Gonna dump BTC in the next few days. Please look forward to it. Why??? Link to comment Share on other sites More sharing options...
Gloves | 12,260 Administrator · Posted August 29, 2021 Share Posted August 29, 2021 Just now, MiamiSlice said: Why??? I'm thinking of moving a lot, if not all, to BAT. I want to not just look at crypto as an investment monetarily, I want to think of it as an investment in something I believe in. I don't have any personal reason for BTC, but I do want to see Brave succeed, and I have good reason to believe that long term it will. So I want to put my money where my mouth is, literally. Link to comment Share on other sites More sharing options...
OptOut | 9,027 Posted August 29, 2021 Share Posted August 29, 2021 7 hours ago, Gloves said: I'm thinking of moving a lot, if not all, to BAT. I want to not just look at crypto as an investment monetarily, I want to think of it as an investment in something I believe in. I don't have any personal reason for BTC, but I do want to see Brave succeed, and I have good reason to believe that long term it will. So I want to put my money where my mouth is, literally. How comes pretty much every time I come into this thread people are investing in yet another different crypto that I've never heard of, lol! Like, literally, you could probably type in ANY random string of 3 letters and it would be an acronym for some coin or other! Link to comment Share on other sites More sharing options...
Bearcat-Doug | 5,123 Posted August 29, 2021 Share Posted August 29, 2021 (edited) 21 hours ago, Gloves said: Gonna dump BTC in the next few days. Please look forward to it. $100k BTC incoming! Edited August 29, 2021 by Bearcat-Doug Link to comment Share on other sites More sharing options...
Gloves | 12,260 Administrator · Posted August 29, 2021 Share Posted August 29, 2021 9 hours ago, OptOut said: How comes pretty much every time I come into this thread people are investing in yet another different crypto that I've never heard of, lol! Like, literally, you could probably type in ANY random string of 3 letters and it would be an acronym for some coin or other! 1 Link to comment Share on other sites More sharing options...
MiamiSlice | 3,176 Posted August 29, 2021 Share Posted August 29, 2021 11 hours ago, OptOut said: How comes pretty much every time I come into this thread people are investing in yet another different crypto that I've never heard of, lol! I won’t even get into my NFT’s then Link to comment Share on other sites More sharing options...
Bearcat-Doug | 5,123 Posted August 30, 2021 Share Posted August 30, 2021 22 hours ago, Gloves said: I'm thinking of moving a lot, if not all, to BAT. I want to not just look at crypto as an investment monetarily, I want to think of it as an investment in something I believe in. I don't have any personal reason for BTC, but I do want to see Brave succeed, and I have good reason to believe that long term it will. So I want to put my money where my mouth is, literally. I don't know how much bitcoin you have, but is holding onto it an option? Link to comment Share on other sites More sharing options...
Gloves | 12,260 Administrator · Posted August 30, 2021 Share Posted August 30, 2021 8 minutes ago, Bearcat-Doug said: I don't know how much bitcoin you have, but is holding onto it an option? I don't have a ton or anything. I have like $1000 in it. I also have a similar amount in ETH. Yeah, I can hold it all I want. I'm not in financial crisis or anything, I just don't have any personal love for BTC itself. I was thinking that it makes sense to put my money behind something I actively believe in, and right now that's BAT specifically. Link to comment Share on other sites More sharing options...
Code Monkey | 2,131 Posted August 30, 2021 Share Posted August 30, 2021 On September 7, El Salvador will become the first country to recognize Bitcoin as legal tender. https://www.forbes.com/sites/lawrencewintermeyer/2021/08/05/could-developing-nations-follow-el-salvadors-move-to-bitcoin/?sh=879644328b70 Link to comment Share on other sites More sharing options...
Gloves | 12,260 Administrator · Posted August 30, 2021 Share Posted August 30, 2021 2 minutes ago, Code Monkey said: On September 7, El Salvador will become the first country to recognize Bitcoin as legal tender. https://www.forbes.com/sites/lawrencewintermeyer/2021/08/05/could-developing-nations-follow-el-salvadors-move-to-bitcoin/?sh=879644328b70 And so twas that I held onto my BTC. Link to comment Share on other sites More sharing options...
Code Monkey | 2,131 Posted August 30, 2021 Share Posted August 30, 2021 Here's a cool way to display NFT for those of you into that space. An interactive mirror. https://www.nobal.ca/news/nobal-technologies-inc-launches-nfty-imirror 1 Link to comment Share on other sites More sharing options...
Bearcat-Doug | 5,123 Posted September 2, 2021 Share Posted September 2, 2021 Hopefully bitcoin can break through this $50k resistance and go on a good run. It seems like every time it has come close it dumps back to $47k range. Link to comment Share on other sites More sharing options...
DoctorEncore | 3,691 Posted September 2, 2021 Share Posted September 2, 2021 Still holding my last 5 ETH and enjoying the ride. I've got a bunch of money in USDC in my Voyager account earning 10% interest waiting for a nice dip. Link to comment Share on other sites More sharing options...
Bearcat-Doug | 5,123 Posted September 3, 2021 Share Posted September 3, 2021 On 9/2/2021 at 10:53 AM, DoctorEncore said: Still holding my last 5 ETH and enjoying the ride. I've got a bunch of money in USDC in my Voyager account earning 10% interest waiting for a nice dip. I'm still sitting on my 2.3 bitcoin. I'd like to get to 2.5 by the end of the year, but I'm not in a hurry to buy more over $50k. Link to comment Share on other sites More sharing options...
MiamiSlice | 3,176 Posted September 3, 2021 Share Posted September 3, 2021 I'm all in NFT's Link to comment Share on other sites More sharing options...
Bearcat-Doug | 5,123 Posted September 3, 2021 Share Posted September 3, 2021 5 minutes ago, MiamiSlice said: I'm all in NFT's Seriously? Link to comment Share on other sites More sharing options...
MiamiSlice | 3,176 Posted September 3, 2021 Share Posted September 3, 2021 3 minutes ago, Bearcat-Doug said: Seriously? Seriously! Link to comment Share on other sites More sharing options...
Bearcat-Doug | 5,123 Posted September 3, 2021 Share Posted September 3, 2021 2 minutes ago, MiamiSlice said: Seriously! There seems to be a lot of interest in them, but I guess they just aren't my thing. Link to comment Share on other sites More sharing options...
Bearcat-Doug | 5,123 Posted September 5, 2021 Share Posted September 5, 2021 On 8/29/2021 at 11:28 PM, Code Monkey said: On September 7, El Salvador will become the first country to recognize Bitcoin as legal tender. https://www.forbes.com/sites/lawrencewintermeyer/2021/08/05/could-developing-nations-follow-el-salvadors-move-to-bitcoin/?sh=879644328b70 I wonder if that's the reason for the price action today? Link to comment Share on other sites More sharing options...
Gloves | 12,260 Administrator · Posted September 5, 2021 Share Posted September 5, 2021 Just now, Bearcat-Doug said: I wonder if that's the reason for the price action today? My BAT has been doing well also. 20% up this week. Link to comment Share on other sites More sharing options...
Bearcat-Doug | 5,123 Posted September 5, 2021 Share Posted September 5, 2021 8 minutes ago, Gloves said: My BAT has been doing well also. 20% up this week. I'm interested to see what happens Tuesday. I'm guessing it's being priced in now, but I'd be fine with a huge jump. Link to comment Share on other sites More sharing options...
Code Monkey | 2,131 Posted September 6, 2021 Share Posted September 6, 2021 If anyone wants a new coin, I bought 1000 RLY a few days ago and it's up 50% so far. Link to comment Share on other sites More sharing options...
jonebone | 1,329 Posted September 6, 2021 Share Posted September 6, 2021 For you crypto folks, where do hold it and how do you claim it on taxes? I'm thinking about adding a little to the portfolio in tax year 22 and figured I'd ask. Link to comment Share on other sites More sharing options...
DoctorEncore | 3,691 Posted September 7, 2021 Share Posted September 7, 2021 On 9/6/2021 at 5:53 AM, jonebone said: For you crypto folks, where do hold it and how do you claim it on taxes? I'm thinking about adding a little to the portfolio in tax year 22 and figured I'd ask. I use Coinbase Pro and Voyager as my exchanges and Exodus Wallet and MetaMask for more obscure purchases. Coinbase Pro is NOT the same as regular Coinbase. It is the only crypto exchange (that I know of) that lets you place stop orders, which is obviously a must if you're going to day trade. They are the big player in the American crypto industry, so they will supply you with your tax forms at the end of the year. I use Voyager for my long term holdings since they give fantastic interest on a lot of coins (https://www.investvoyager.com/blog/september-annual-percent-rewards/). I will actually leave my unspent money in dollar-pegged USDC since it earns 9% interest. On the flip side, they are slow to process withdrawals and I wouldn't rely on them for day trading. Thankfully, they are a publicly traded company (OTC markets) with readily available quarterly financials, so they are safe to use. I'm not sure how they generate tax forms since I've only started using them this year. From a tax standpoint, it's probably best to pay for crypto tax software if you plan to be transferring around to different wallets and exchanges. If not, I'd recommend tracking purchases and sales in an app or Excel. If you really want to get into the weeds, you can look at wallets and UniSwap. If you just want to buy and hold, go with Coinbase or Voyager. Link to comment Share on other sites More sharing options...
Code Monkey | 2,131 Posted September 7, 2021 Share Posted September 7, 2021 Glacier holding = accountant Long term holding = Kraken Short term trading = Coinbase NFT = Metamask Link to comment Share on other sites More sharing options...
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