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Bitcoin-Explain to me how to buy these things (5 Viewers)

[icon] said:
Where does one buy this? I'm on Binance.us and not seeing it. Thanks GB. 
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This gutter coin will not be anywhere near Binance.US.  To be really early on this hot garbage, you have to trade on dexes (decentralized exchanges).  dextools   This will require you to have $BNB in a off-exchange wallet so you can swap for DADDYDOGE.  

For the record, this is the type of coin you should fully expect to be worth zero unless you get lucky.  Kiss any money you decide to put into it goodbye.  My hope is I forget it exists until one day it's in the news that it's gone up 10,000% in the last week.  

 
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There $4000 into Shiba a couple of weeks ago.  When it got to $11,500 I traded out to ADA.  Looks like for once I timed it right.

 
until recently the dollars were so small i never thought about tax implications. so, if i trade a coin for another stablecoin, say BUSD or USDT, instead of selling it to USD, does that mean technically i haven't liquidated and the "gains" are kicked down the road, per se? or as soon as i go from USD to COINNAMEHERE to somethingelse, the in and out of COINNAMEHERE is deemed realized? any input appreciated.

 
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Been about 2-3 weeks of virtually no price movement for BTC.  Not sure if thats good or bad, but strange nonetheless. 

 
jb1020 said:
SOL or MATIC?  I have no SOL at the moment.  
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I'm big on both, SOL has had some nice runs lately. I'd say anything under $200 is a decent price point to get in. 2 days ago it was at $179, 2 days before that $218. Currently at $200 even. It fluctuates a bit but it's around for the long haul IMO.

MATIC is different, it's pretty stagnant for long periods but always ticking up, just slowly. It's a long haul too but another one that I think is safe to get into. Ran up to $2.22 earlier this week so if you get in now you'll be buying high (currently at $1.95) but as long as you hold it will pay you back.

The sharks in here have had some pretty good commentary on both in the past if you want to sift through the pages.

 
SOL is hovering around its ATH.  Matic would run about 50% to get back to its previous ATH.  Leaning Matic, but its acting funny.  

Sitting on MANA til further notice.  It didn't dive too hard.  

 
Man BAT really doing it today.  No idea why though.  I should have just ponied up when it was treading around .65 cents.  

 
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Pigskin Fanatic said:
until recently the dollars were so small i never thought about tax implications. so, if i trade a coin for another stablecoin, say BUSD or USDT, instead of selling it to USD, does that mean technically i haven't liquidated and the "gains" are kicked down the road, per se? or as soon as i go from USD to COINNAMEHERE to somethingelse, the in and out of COINNAMEHERE is deemed realized? any input appreciated.
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I just submit the tax files from the exchanges when it’s return time and look the other way 🙈

 
Cyrpto gaming is the overwhelming soup du jour today.  IIRC, that was the first thing that got going in June before ceding to Bitcoin and the layer 1s.  

 
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Pigskin Fanatic said:
until recently the dollars were so small i never thought about tax implications. so, if i trade a coin for another stablecoin, say BUSD or USDT, instead of selling it to USD, does that mean technically i haven't liquidated and the "gains" are kicked down the road, per se? or as soon as i go from USD to COINNAMEHERE to somethingelse, the in and out of COINNAMEHERE is deemed realized? any input appreciated.
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Any time you transition one asset into another, whether that's Token A for Token B or Token A for USD or Token A for an NFT, a taxable event happens. 

Example:  I have 1,000 ADA that I purchased for $1.00 each ($1,000).  I then swap it for 5 SOL that's valued at $205.00 each ($1,025).  I have a taxable gain on the ADA of $25 and a cost basis of SOL of $1,025.

The same applies if you swapped the ADA for a stablecoin or an NFT.  

 
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BAT was one of my other largest trade positions...:checks notes: yeah my avg buy is $1.44.  we're halfway there!  

I kept pretty good notes and looking back, I had terrible timing to go all in.  Only 2 of these have gotten back above water. 

MANA - $1.30

BAT - $1.44

ENJ $2.80

LINK - $39

REN - $1.00  

 
Captain Cranks said:
Any time you transition one asset into another, whether that's Token A for Token B or Token A for USD or Token A for an NFT, a taxable event happens. 

Example:  I have 1,000 ADA that I purchased for $1.00 each ($1,000).  I then swap it for 5 SOL that's valued at $205.00 each ($1,025).  I have a taxable gain on the ADA of $25 and a cost basis of SOL of $1,025.

The same applies if you swapped the ADA for a stablecoin or an NFT.  
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I assumed this was the case but was hoping people smarter than me figured out a loophole.

 
One thing I don't understand about BTC and wealth distribution..

More BTC are held in fewer accounts than are dollar bills.  BTC, in terms of "owners" or "spenders", is more top-heavy than the dollar.  

Putting aside all other philosophical/existential/governance related issues which BTC claims to be a solution for,  is it possible for BTC and other cryptos to be the "future" if such disparities in BTC asset possession already exists?

 
ren hoek said:
Got my Coinbase card in the mail a few days ago.  I spent like $47 dollars the other day and got $2 something back in Stellar.  4% back on all purchases.  Think I'm literally just going to load up and start paying rent & everything on it.  Works just like a Visa debit card.  
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I just requested one - how long to get it?

 
McBokonon said:
Not sure, but I'm digging the app so far. Love the live portfolio performance tracking.
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I hate Voyager.  I'd be willing to pay Cuban $100 to never use it.  

BTW, they make it seem like they have no trading fees.  In reality, they tack the fees onto your bid/offer so you get worse fills (or not filled at all).  

I hate Voyager.

 
Captain Cranks said:
I hate Voyager.  I'd be willing to pay Cuban $100 to never use it.  

BTW, they make it seem like they have no trading fees.  In reality, they tack the fees onto your bid/offer so you get worse fills (or not filled at all).  

I hate Voyager.
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It's like a Party Poker bonus - just do the minimum to reap the cash and transfer out.

 
Captain Cranks said:
I hate Voyager.  I'd be willing to pay Cuban $100 to never use it.  

BTW, they make it seem like they have no trading fees.  In reality, they tack the fees onto your bid/offer so you get worse fills (or not filled at all).  

I hate Voyager.
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I haven't done anything but make the deposit to get the free $100. I'll probably just send it back to Coinbase Pro and add it to my ETH or ALGO. I was just talking about the appearance and the portfolio tracking, haven't gone anywhere beyond that. Appreciate the review but I can't really tell if you like Voyager or not.

 
McBokonon said:
I haven't done anything but make the deposit to get the free $100. I'll probably just send it back to Coinbase Pro and add it to my ETH or ALGO. I was just talking about the appearance and the portfolio tracking, haven't gone anywhere beyond that. Appreciate the review but I can't really tell if you like Voyager or not
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Yeah...I'll give you my thoughts on it tomorrow.  😁

 Don't get me wrong, a free C-note is sweet and my comment about paying one was just hyperbole.  

 
Captain Cranks said:
Totally.  I'm not dogging taking advantage of the bonus.  I'd just be surprised if people stuck with using Voyager long term.  
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They pay high interest rates on your holdings and people tend to like no fee structures, even if they're paying more for it in the long-run via order flow (see: Robinhood).

 
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